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GOODWILL AND INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS, NET | NOTE 6: GOODWILL AND INTANGIBLE ASSETS, NET SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS
|  | (*) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Internal-use Software (*) |  |  | Customer Relations |  |  | Technology |  |  | Goodwill |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  |  | 180 |  |  |  | 6,080 |  |  |  | 3,117 |  |  |  | 2,902 |  |  |  | 12,279 |
Acquisition of Cortex (see note 7) |  |  | - |  |  |  | 4,640 |  |  |  | 1,673 |  |  |  | 9,581 |  |  |  | 15,894 |
Additions |  |  | 269 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 269 |
Balance as of December 31, 2021 |  |  | 449 |  |  |  | 10,720 |  |  |  | 4,790 |  |  |  | 12,483 |  |  |  | 28,442 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  |  | - |  |  |  | 3,274 |  |  |  | 2,424 |  |  |  | - |  |  |  | 5,698 |
Amortization recognized during the year |  |  | - |  |  |  | 987 |  |  |  | 860 |  |  |  | - |  |  |  | 1,847 |
Balance as of December 31, 2021 |  |  | - |  |  |  | 4,261 |  |  |  | 3,284 |  |  |  | - |  |  |  | 7,545 |
Amortized cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2021 |  |  | 449 |  |  |  | 6,459 |  |  |  | 1,506 |  |  |  | 12,483 |  |  |  | 20,897 |
|  | (*) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Internal-use Software (*) |  |  | Customer Relations |  |  | Technology |  |  | Goodwill |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance As of January 1, 2020 |  |  | - |  |  |  | 6,080 |  |  |  | 3,117 |  |  |  | 2,902 |  |  |  | 12,099 |
Cost: beginning balance |  |  | - |  |  |  | 6,080 |  |  |  | 3,117 |  |  |  | 2,902 |  |  |  | 12,099 |
Additions |  |  | 180 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 180 |
Balance as of December 31, 2020 |  |  | 180 |  |  |  | 6,080 |  |  |  | 3,117 |  |  |  | 2,902 |  |  |  | 12,279 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2020 |  |  | - |  |  |  | 2,338 |  |  |  | 1,732 |  |  |  | - |  |  |  | 4,070 |
Accumulated amortization: beginning balance |  |  | - |  |  |  | 2,338 |  |  |  | 1,732 |  |  |  | - |  |  |  | 4,070 |
Amortization recognized during the year |  |  | - |  |  |  | 936 |  |  |  | 692 |  |  |  | - |  |  |  | 1,628 |
Balance as of December 31, 2020 |  |  | - |  |  |  | 3,274 |  |  |  | 2,424 |  |  |  | - |  |  |  | 5,698 |
Accumulated amortization: ending balance |  |  | - |  |  |  | 3,274 |  |  |  | 2,424 |  |  |  | - |  |  |  | 5,698 |
Amortized cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2020 |  |  | 180 |  |  |  | 2,806 |  |  |  | 693 |  |  |  | 2,902 |  |  |  | 6,581 |
(*) | During 2020, Gix Media engaged with a subcontractor for the development of an internal-use software (the “Software”). Gix Media capitalized its developments costs.
Estimated annual amortization expense for each of the next five years is as follows: Schedule of Amortization Expenses
2022 |  |  | 1,948 |
2023 |  |  | 1,948 |
2024 |  |  | 1,012 |
2025 |  |  | 1,012 |
2026 |  |  | 1,012 |
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 goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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