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SHAREHOLDERS’ EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
SUMMARY OF OUTSTANDING WARRANTS | The following table summarizes information of outstanding warrants as of December 31, 2021 and 2020: SUMMARY OF OUTSTANDING WARRANTS
|  | 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 options activity and related information is as follows: SCHEDULE STOCK OPTION ACTIVITY
|  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | Number of options |  |  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average exercise price |
|  |  |  |  |  |  | $ |  |  |  |  |  |  |  | $ |
Options outstanding at beginning of the year |  |  | 1,120,000 |  |  |  | 1.56 |  |  |  | 1,940,000 |  |  |  | 1.6 |
Changes during the period: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Expired or forfeited |  |  | (382,085 | ) |  |  | 1.61 |  |  |  | (820,000 | ) |  |  | 1.67 |
Outstanding at end of period |  |  | 737,915 |  |  |  | 1.61 |  |  |  | 1,120,000 |  |  |  | 1.56 |
Options exercisable at end of period |  |  | 504,585 |  |  |  | 1.61 |  |  |  | 704,997 |  |  |  | 1.56 |
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: SCHEDULE OF OPTION OUTSTANDING AND EXERCISABLE
|  |  | Options Outstanding |
|  |  | As of December 31, 2021 |
Range of exercise price |  |  | Number of options As of December 31, 2021 |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual life (years) |
| $ |  |  |  |  |  |  |  | $ |  |  |  |  |
| 1.61 |  |  |  | 737,915 |  |  |  | 1.61 |  |  |  | 6.60 |
|  |  | Options Exercisable |
|  |  | As of December 31, 2021 |
Range of exercise price |  |  | Number of options As of December 31, 2021 |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual life (years) |
$ |  |  |  |  |  | $ |  |  |  |
| 1.61 |  |  |  | 504,585 |  |  |  | 1.61 |  |  |  | 6.63 |
SCHEDULE OF STOCK BASED COMPENSATION EXPENSES | The Company recognized stock-based compensation expenses related to Gix Media employee’s options in the statement of operations as follows: SCHEDULE OF STOCK BASED COMPENSATION EXPENSES
|  | For the year ended December 31, |
|  | 2021 |  |  | 2020 |
Research and development |  |  | (40 | ) |  |  | 74 |
Selling and marketing |  |  | (6 | ) |  |  | (2 | )
General and administrative |  |  | 3 |  |  |  | 31 |
Total |  |  | (43 | ) |  |  | 103 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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