SHAREHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SUMMARY OF OUTSTANDING WARRANTS

The following table summarizes information of outstanding warrants as of December 31, 2022 and 2021:

	Warrants		Warrant Term	Exercise Price		Exercisable
Class J Warrants		130,333	July 2029		13.44		130,333
Class K Warrants		130,333	July 2029		22.40		130,333

SCHEDULE STOCK OPTION ACTIVITY

A summary of Gix Media’s employee options activity and related information is as follows:

	As of December 31, 2022					As of December 31, 2021
	Number of options			Weighted average exercise price		Number of options			Weighted average exercise price
					$					$
Options outstanding at beginning of the year		737,915			1.61		1,120,000			1.56
Changes during the period:
Granted		-			-		-			-
Exercised		-			-		-			-
Expired or forfeited		(577,915	)		1.42		(382,085	)		1.61
Outstanding at end of period		160,000			1.42		737,915			1.61
Options exercisable at end of period		160,000			1.42		504,585			1.61

SCHEDULE OF OPTION OUTSTANDING AND EXERCISABLE

The following tables summarize additional information regarding the Gix Media’s outstanding and exercisable options as of December 31, 2022:

	Options Outstanding and Exercisable
	As of December 31, 2022
Range of exercise price	Number of options As of December 31, 2022		Weighted average exercise price		Weighted average remaining contractual life (years)
$				$
1.42		160,000		1.42		6.60

SCHEDULE OF STOCK BASED COMPENSATION EXPENSES

The Company recognized stock-based compensation expenses related to Gix Media and Cortex employee’s options in the statement of operations as follows:

	For the year ended December 31,
	2022			2021
Research and development		55			(40	)
Selling and marketing		18			(6	)
General and administrative		(2	)		3
Total		71			(43	)