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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 3,609 $ 5,208
Restricted deposits 223 234
Accounts receivable 16,398 16,415
Loan to parent company 7,096 6,384
Other receivables 814 1,004
Total current assets 28,140 29,245
NON-CURRENT ASSETS    
Severance pay funds 73 83
Deferred taxes 62 133
Property and equipment, net 317 334
Operating lease right-of-use assets 505 569
Intangible assets, net 15,762 8,414
Goodwill 17,615 12,483
Total non-current assets 34,334 22,016
Total assets 62,474 51,261
CURRENT LIABILITIES    
Current maturities of long-term loan 1,500 1,500
Loan from parent company 2,527 2,116
Accounts payable 16,144 16,676
Other payables 1,862 1,386
Short-term loans 5,000 5,000
Operating lease liabilities - short term 93 91
Total current liabilities 27,126 26,769
NON-CURRENT LIABILITIES    
Accrued severance pay 176 188
Long-term loan 3,225 4,270
Operating lease liabilities - long term 433 491
Deferred taxes 1,853 1,026
Total non-current liabilities 5,687 5,975
Share Capital    
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 14,783,964 shares as of September 30, 2022 and December 31, 2021, respectively [1] 3 3
Additional paid-in capital 27,564 16,074
Accumulated deficit (4,043) (2,366)
Equity attributed to the company’s shareholders 23,524 13,711
Non-controlling interests 6,137 4,806
Total equity 29,661 18,517
Total liabilities and shareholders’ equity $ 62,474 $ 51,261
[1] Retroactively adjusted to reflect the reverse stock split effected on August 31, 2022 (see note 1.d) for all periods presented and to reflect the equivalent number of shares corresponding to the combined financial information of the Company and Gix Media Ltd. for all periods preceding the Reorganization Transaction (see note 1.c)