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LOANS (Tables)
6 Months Ended
Jun. 30, 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:

   Interest rate (*)   

As of

June 30, 2023

  

As of

December 31, 2022

 
              
Short-term loan – the Company   8%    -    69 
Short-term bank loan – Gix Media   LIBOR + 3.20%    3,500    3,500 
Short-term bank loan – Cortex   SOFR + 3.52%    2,500    1,500 
Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021)   LIBOR + 4.12%    3,686    4,381 
Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023)   SOFR + 5.37%    1,321    - 
Bank loan         11,007    9,450 

 

  (*) The LIBOR interest rate was published until end of June 2023 and from July 2023 was replaced by the Secured Overnight Financing Rate (“SOFR”).