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SHAREHOLDERS’ EQUITY (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
SUMMARY OF OUTSTANDING WARRANTS

The following table summarizes information of outstanding warrants as of September 30, 2022:

 

   Warrants   Warrant Term   Exercise Price   Exercisable 
                 
Class J Warrants   130,333    July 2029    13.44    130,333 
Class K Warrants   130,333    July 2029    22.4    130,333 
SCHEDULE STOCK OPTION ACTIVITY

A summary of Gix Media’s employee share options activity and related information is as follows:

 

   As of September 30, 2022   As of December 31, 2021 
   Number of options   Weighted average exercise price   Number of options   Weighted average exercise price 
        $        $ 
Options outstanding at beginning of the year   737,915    1.61    1,120,000    1.56 
Changes during the period:                    
Granted   -    -    -    - 
Exercised   -    -    -    - 
Expired or forfeited   (577,915)   1.41    (382,085)   1.61 
                     
Outstanding at end of period   160,000    1.41    737,915    1.61 
Options exercisable at end of period   157,086    1.41    504,585    1.61 
SCHEDULE OF OPTION OUTSTANDING AND EXERCISABLE

The following tables summarize additional information regarding the Gix Media’s outstanding and exercisable options as of December 31, 2021:

    Options outstanding 
    As of September 30, 2022 
Range of
exercise price		   Number of
options		   Weighted average
exercise price		   Weighted
average remaining
contractual life (years)		 
$         $      
 1.41    160,000    1.41    5.85 

 

    Options Exercisable 
    As of September 30, 2022 
Range of
exercise price		   Number of
options		   Weighted average
exercise price		   Weighted
average remaining
contractual life (years)		 
 $         $      
 1.41    157,086    1.41    5.82 
SCHEDULE OF STOCK BASED COMPENSATION EXPENSES

The Company recognized stock-based compensation expenses related to employee’s stock options in the statement of operations as follows:

 

   2022   2021   2022   2021 
  

For the nine months ended

September 30

  

For the three months ended

September 30

 
   2022   2021   2022   2021 
                 
Research and development   31    (37)   29    (3)
Selling and marketing   11    (6)   3    - 
General and administrative   (2)   5    -    - 
                     
Total   40    (38)   32    (3)