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LOANS (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
SCHEDULE OF COMPOSITION OF BALANCE OF 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, 2023

 
         
         
Short-term bank loan – Gix Media   SOFR + 4.10%   3,500 
Short-term bank loan – Cortex   SOFR + 3.93%   1,500 
Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021)   SOFR + 4.12%   2,963 
Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023)   SOFR + 5.37%   1,107 
Long-term loan – Viewbix Israel   9%   434 
           
Bank Loan        9,504 

 

   Interest rate (*)  

As of

December 31, 2022

 
         
Short-term loan – the Company   8%   69 
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 (received on October 13, 2021)   LIBOR + 4.12%   4,381 
           
Bank Loan        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”).
SCHEDULE OF MATURITIES OF DEBT

Maturities of the Group’s loans as of December 31, 2023, are as follows:

 

      
2024   6,874(*)
2025   2,093 
2026   537 
Total   9,504 

 

  (*) 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 total proceeds of $480 to the liability and equity components was as follows:

 

Instrument  Fair Value   % of Fair
Value		   Allocated
Amount		 
Loan   428    88.63    425 
Warrants   55    11.37    55 
Total   483    100.00    480 
SCHEDULE OF COMPOSITION OF LONG TERM LOAN

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

 

      
Loan   480 
Discount   (55)
Long term loan, net   425