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LOANS (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS

The following is the composition of the balance of the Group’s loans according to their nominal value:

 

                
       As of 
   Interest rate (*)  

September 30

2022

  

December 31

2021

 
Short-term bank loan – Gix Media   LIBOR + 3.20%    3,500    3,500 
Short-term bank loan – Cortex   SOFR + 3.52%    1,500    1,500 
Long-term bank loan, including current maturity – Gix Media   LIBOR + 4.12%    4,725    5,770 
                
Bank Loan        9,725    10,770 

 

(*)The LIBOR interest rate will continue to be published until June 2023 and then will be replaced by the Secured Overnight Financing Rate (“SOFR”).
SCHEDULE OF MATURITIES OF DEBT

Maturities of the Group’s bank loans as of September 30, 2022, are as follows:

 

      
2022   6,500(*)
2023   1,500 
2024   1,500 
2025   225 
Total   9,725 

 

(*)Includes a sum of $5,000 which is a renewable monthly credit line.