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LOANS (Tables)
 12 Months Ended
Dec. 31, 2022
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:

 

   Interest rate (*)  

As of

December 31, 2022

  

As of

December 31, 2021

 
             
Short-term loan – the Company   8%   69    69 
Short-term bank loan – Gix Media   LIBOR + 3.20%    3,500    3,500 
Short-term bank loan – Cortex   LIBOR + 3.52%    1,500    1,500 
Long-term bank loan, including current maturity – Gix Media   LIBOR + 4.12%    4,381    5,770 
               
Bank Loan        9,450    10,839 

 

  (*) 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, 2022, are as follows:

 

      
2023   6,569(*)
2024   1,500 
2025   1,381 
Total   9,450 

 

  (*) 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:

 

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:

 

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