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GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6: GOODWILL AND INTANGIBLE ASSETS, NET

	^(*)
	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
		-		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)