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LOANS (Tables)

12 Months Ended

Dec. 31, 2021

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:

SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS 

		Interest rate (*)				As of December 31, 2021				As of December 31, 2020
Short-term bank loan – Gix Media			4.75%				-				628
Short-term loan – the Company			8%				69				50
Short-term bank loan – Gix Media			LIBOR + 3.20%				3,500				-
Short-term bank loan – Cortex			LIBOR + 3.52%				1,500				-
Long-term bank loan, including current maturity – Gix Media			LIBOR + 4.12%				5,770				-
Bank Loan							10,839				678

(*) 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 December 31, 2021 are as follows:

SCHEDULE OF MATURITIES OF DEBT 

2022			6,569	(*)
2023			1,500
2024			1,500
2025			1,270
Total			10,839

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

SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS

The allocation of the proceeds to the fair value distribution of the liability and equity components on the transactions date was as follows:

SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS 

Instrument		Fair Value				% of Fair Value				Allocated Amount
Loan			55				50.55				50
Shares			54				49.45				49
Total			109				100				99

SCHEDULE OF COMPOSITION OF SHORT TERM LOAN

The composition of short term loan balance as of the transaction is as follows:

 SCHEDULE OF COMPOSITION OF SHORT TERM LOAN

Loan			69
Discount on short term loan			(19	)
Short term loan, net			50

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
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