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LOANS (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023				As of December 31, 2022
Short-term loan – the Company			8	%			22				69
Short-term bank loan – Gix Media			LIBOR + 3.20	%			3,300				3,500
Short-term bank loan – Cortex			SOFR + 3.52	%			1,500				1,500
Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021)			LIBOR + 4.12	%			4,036				4,381
Long-term bank loan, including current maturity – Gix Media (received on January 23, 2023)			SOFR + 5.37	%			1,428				-
Bank loan							10,286				9,450

(*) The LIBOR interest rate will continue to be published until June 2023 and then will be replaced by the Secured Overnight Financing Rate (“SOFR”).

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- Definition

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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