QUANTUM X LABS INC. Goodwill & Intangibles Disclosure
NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET
A. Composition:
| Internal-use Software | Customer Relations | Technology | Goodwill | Total | ||||||||||||||||
| Cost: | ||||||||||||||||||||
| Balance as of January 1, 2025 | 465 | 870 | 2,523 | 1,083 | 4,941 | |||||||||||||||
| Consolidation of Metagramm (note 8.C) | 390 | 550 | 5,309 | 6,249 | ||||||||||||||||
| Balance as of December 31, 2025 | 465 | 1,260 | 3,073 | 6,392 | 11,190 | |||||||||||||||
| Accumulated amortization: | ||||||||||||||||||||
| Balance as of January 1, 2025 | 429 | 351 | 1,192 | 1,972 | ||||||||||||||||
| Amortization recognized during the period | 36 | 241 | 504 | 781 | ||||||||||||||||
| Balance as of December 31, 2025 | 465 | 592 | 1,696 | 2,753 | ||||||||||||||||
| Amortized cost: | ||||||||||||||||||||
| As of December 31, 2025 | 668 | 1,377 | 6,392 | 8,437 | ||||||||||||||||
| Internal-use Software | Customer Relations | Technology | Goodwill | Total | ||||||||||||||||
| Cost: | ||||||||||||||||||||
| Balance as of January 1, 2024 | 465 | 870 | 2,523 | 1,083 | 4,941 | |||||||||||||||
| Additions | ||||||||||||||||||||
| Balance as of December 31, 2024 | 465 | 870 | 2,523 | 1,083 | 4,941 | |||||||||||||||
| Accumulated amortization: | ||||||||||||||||||||
| Balance as of January 1, 2024 | 276 | 227 | 771 | 1,274 | ||||||||||||||||
| Amortization recognized during the year | 153 | 124 | 421 | 698 | ||||||||||||||||
| Balance as of December 31, 2024 | 429 | 351 | 1,192 | 1,972 | ||||||||||||||||
| Amortized cost: | ||||||||||||||||||||
| As of December 31, 2024 | 36 | 519 | 1,331 | 1,083 | 2,969 | |||||||||||||||
VIEWBIX INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share data)
NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET (Cont.)
B. Impairment of intangible assets and goodwill:
As of December 31, 2025, the Company performed a quantitative impairment test of the search reporting unit. The Company did not recognize impairment losses regarding this reporting unit for the years ended December 31, 2025 and 2024.
C. Estimated annual amortization expense for each of the next five years is as follows:
| 2026 | 811 | |||
| 2027 | 772 | |||
| 2028 | 302 | |||
| 2029 | 133 | |||
| 2030 | 27 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 21, 2025 | |
| 2023 | Mar 25, 2024 | |
| 2022 | Mar 24, 2023 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.