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SHAREHOLDERS’ EQUITY (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SUMMARY OF OUTSTANDING WARRANTS

The following table summarizes information of outstanding warrants as of December 31, 2021 and 2020:

  

   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:

 

   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:

    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:

 

           
   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