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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS | SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
|  | For the nine months ended September 30, 2024 |
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
Revenues from external customers |  |  | 4,376 |  |  |  | 19,240 |  |  |  | - |  |  |  | 23,616 |
Inter segment revenues |  |  | - |  |  |  | 183 |  |  |  | (183 | ) |  |  | - |
Total revenues |  |  | 4,376 |  |  |  | 19,423 |  |  |  | (183 | ) |  |  | 23,616 |
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | 2,282 |  |  |  | 2,282 |
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | 4,739 |  |  |  | 4,739 |
Segment operating income (loss) |  |  | 1,053 |  |  |  | (186 | ) |  |  | (8,263 | ) |  |  | (7,396 | )
Financial expenses, net |  |  | (21 | ) |  |  | (131 | ) |  |  | (2,603 | )(*) |  |  | (2,755 | )
Segment income (loss), before income taxes |  |  | 1,032 |  |  |  | (317 | ) |  |  | (10,866 | ) |  |  | (10,151 | )
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
|  | For the nine months ended September 30, 2023 |
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
Revenues from external customers |  |  | 16,593 |  |  |  | 47,138 |  |  |  | - |  |  |  | 63,731 |
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | 2,202 |  |  |  | 2,202 |
Segment operating income (loss) |  |  | 1,053 |  |  |  | 796 |  |  |  | (3,327 | ) |  |  | (1,478 | )
Financial expenses, net |  |  | (89 | ) |  |  | (159 | ) |  |  | (443 | )(**) |  |  | (691 | )
Segment income (loss), before income taxes |  |  | 964 |  |  |  | 637 |  |  |  | (3,770 | ) |  |  | (2,169 | )
VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.)
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
|  | For the three months ended September 30, 2024 |
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
Revenues from external customers |  |  | 789 |  |  |  | 5,492 |  |  |  | - |  |  |  | 6,281 |
Inter segment revenues |  |  | - |  |  |  | 183 |  |  |  | (183 | ) |  |  | - |
Total revenues |  |  | 789 |  |  |  | 5,675 |  |  |  | (183 | ) |  |  | 6,281 |
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | 727 |  |  |  | 727 |
Segment operating income (loss) |  |  | 335 |  |  |  | 13 |  |  |  | (1,254 | ) |  |  | (906 | )
Financial income (expenses), net |  |  | (11 | ) |  |  | (57 | ) |  |  | 220 | (*) |  |  | 152 |
Segment income (loss), before income taxes |  |  | 324 |  |  |  | (44 | ) |  |  | (1,034 | ) |  |  | (754 | )
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
|  | For the three months ended September 30, 2023 |
|  | Search segment |  |  | Digital content segment |  |  | Adjustments (See below) |  |  | Total |
Revenues from external customers |  |  | 5,641 |  |  |  | 10,074 |  |  |  | - |  |  |  | 15,715 |
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | 734 |  |  |  | 734 |
Segment operating income (loss) |  |  | 287 |  |  |  | (868 | ) |  |  | (1,071 | ) |  |  | (1,652 | )
Financial expenses, net |  |  | (8 | ) |  |  | (113 | ) |  |  | (139 | )(**) |  |  | (260 | )
Segment income (loss), before income taxes |  |  | 279 |  |  |  | (981 | ) |  |  | (1,210 | ) |  |  | (1,912 | )
| (*) | Mainly consist of financial expenses from substantial debt terms modification loss, change in the fair value of financial assets and interest expenses on bank loans in connection with the Financing Agreement (see notes 6.B, 6.D, 6.E and 7).
| (**) | Mainly consist of interest expenses on bank loans in connection with the Financing Agreement (see note 6.A, 6.B).
SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS | The “adjustment” column for segment operating income includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows: SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS
|  | For the nine months ended September 30, 2024 |  |  | For the three months ended September 30, 2024 |
Depreciation and amortization expenses not attributable to segments (***) |  |  | (2,282 | ) |  |  | (727 | )
General and administrative not attributable to the segments (****) |  |  | (1,242 | ) |  |  | (527 | )
Goodwill Impairment |  |  | (4,739 | ) |  |  | - |
|  |  | (8,263 | ) |  |  | (1,254 | )
VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.)
|  | For the nine months ended September 30, 2023 |  |  | For the three months ended September 30, 2023 |
Depreciation and amortization expenses not attributable to segments (***) |  |  | (2,202 | ) |  |  | (734 | )
General and administrative not attributable to the segments (****) |  |  | (1,125 | ) |  |  | (337 | )
|  |  | (3,327 | ) |  |  | (1,071 | )
| (*) | Mainly consist of financial expenses from substantial debt terms modification loss, change in the fair value of financial assets and interest expenses on bank loans in connection with the Financing Agreement (see notes 6.B, 6.D, 6.E and 7).
| (**) | Mainly consist of interest expenses on bank loans in connection with the Financing Agreement (see note 6.A, 6.B).
| (***) | Mainly consist of technology and customer relations amortization costs from business combinations.
| (****) | Mainly consist of salary and related expenses and professional consulting expenses.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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