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GOODWILL AND INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET

NOTE 5: GOODWILL AND INTANGIBLE ASSETS, NET

 

A. Composition:

 

   Internal-use Software   Customer Relations   Technology   Goodwill   Total 
Cost:                         
Balance as of January 1, 2025   465    6,234    11,008    4,579    22,286 
Consolidation of Metagramm (note 6)   -    420    760    5,125    6,305 
Impairment of intangible assets and goodwill   -    (881)   (1,148)   (3,496)   (5,525)
Balance as of September 30, 2025   465    5,773    10,620    6,208    23,066 
                          
Accumulated amortization:                         
Balance as of January 1, 2025   429    2,522    5,204    -    8,155 
Amortization recognized during the period   36    751    1,452    -    2,239 
Balance as of September 30, 2025   465    3,273    6,656    -    10,394 
                          
Amortized cost:                         
As of September 30, 2025   -    2,500    3,964    6,208    12,672 

 

   Internal-use Software   Customer Relations   Technology   Goodwill   Total 
Cost:                         
Balance as of January 1, 2024   465    6,234    11,008    12,254    29,961 
                          
Impairment of goodwill   -    -    -    (7,675)   (7,675)
Balance as of December 31, 2024   465    6,234    11,008    4,579    22,286 
                          
Accumulated amortization:                         
Balance as of January 1, 2024   276    1,631    3,366    -    5,273 
                          
Amortization recognized during the year   153    891    1,838    -    2,882 
Balance as of December 31, 2024   429    2,522    5,204    -    8,155 
                          
Amortized cost:                         
As of December 31, 2024   36    3,712    5,804    4,579    14,131 

 

B. Impairment of intangible assets and goodwill:

 

As of September 30, 2025, the Company identified indicators of impairment of the digital content reporting unit. As a result, the Company performed an impairment test which included a quantitative analysis of the fair value of the reporting unit. The estimation of the fair value was based on indications of the consideration payable, as of September 30, 2025, in connection with the sale of Cortex (see note 13.C), whose operations are attributable to the digital content reporting unit. The Company determined that the fair value of the reporting unit was less than its carrying amount and recognized an impairment loss of $5,525. As of December 31, 2024, the Company recognized an impairment loss of $7,675 related to the digital content reporting unit.

 

 

VIEWBIX INC.

NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

U.S. dollars in thousands (except share data)