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LEASES | 12 Months Ended
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Dec. 31, 2021
Leases |
LEASES | NOTE 5: LEASES On February 25, 2021, Gix Media entered into a lease agreement for a new corporate office of 479 square meters in Ramat Gan, Israel, at a monthly rent fee of $10. The lease period is for 36 months (the “initial lease period”) with an option by the Company to extend for two additional terms of 24 months each. In accordance with the lease agreement, the Company made leasehold improvements in exchange for a rent fee discount of $67 which will be spread over the initial lease period. The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. Weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES
|  | As of December 31 2021 |
Operating leases weighted average remaining lease term (in years) |  |  | 6.17 |
Operating leases weighted average discount rate |  |  | 3.10 | %
Maturities of operating lease liabilities as of December 31, 2021, are as follows: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES
|  | As of December 31 |
|  | 2021 |
2022 |  | $ | 99 |
2023 |  | $ | 100 |
2024 |  | $ | 100 |
2025 |  | $ | 100 |
Thereafter |  | $ | 285 |
Total lease payments |  |  | 684 |
Less: imputed interest |  |  | (102 | )
Present value of lease liabilities |  |  | 582 |
Operating lease expenses for the year ended December 31, 2021, amounted to $85. VIEWBIX INC. NOTES TO COMBINED CONSOLIDATED FINANCIAL STATEMENTS U.S. dollars in thousands (except share data)

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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