INCOME TAX EXPENSE (Tables)

12 Months Ended

Dec. 31, 2025

Deferred taxes are comprised of the following components:

SCHEDULE OF DEFERRED INCOME TAXES

	As of December 31			As of December 31
	2025			2024

Deferred tax assets
Deferred research and development expenses		12			57
Employee compensation and benefits		-			1
Operating loss carryforward		9,178			8,766
Total deferred tax assets		9,190			8,824

Deferred tax liabilities:
Intangible assets associated with business combinations		326			222
Total deferred tax liabilities		326			222

Net deferred tax assets before valuation allowance		8,864			8,602
Valuation allowance		(9,178	)		(8,768	)
Net deferred tax liabilities		314			166

SCHEDULE OF INCOME TAX EXPENSES (BENEFITS)

Income tax expenses are comprised as follows:

	2025			2024
	Year ended December 31,
	2025			2024

Current tax expenses		29			171
Deferred tax income		(68	)		(40	)
Income tax expense (benefit)		(39	)		131

SCHEDULE OF RECONCILIATION THEORETICAL TAX EXPENSES

The Company adopted ASU 2023-09 for the year ended December 31, 2025, on a prospective basis. A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company, and the actual tax expense as reported in the statements of operations is as follows:

	2025
	Year ended December 31, 2025
	Amount			Percent

US federal statutory tax rate	$	2,822			21	%
Foreign tax effects:
Statutory tax rate difference between Israel and the United States		26			(0.2	)%
Changes in Valuation Allowances:		410			(3.1	)%
Non-taxable or non-deductible items:
Stock-based payments awards		16			(0.1	)%
Change in the fair value of financial assets at fair value through profit or loss		2,126			(15.8	)%
Other		8			(0.1	)%
Other Adjustments:		197			(1.4	)%
Income tax benefit	$	(39	)		0.3	%

SCHEDULE OF RECONCILIATION THEORETICAL TAX BENEFIT

Reconciliation between the Company’s theoretical tax benefit to the actual tax expense prior to the adoption of ASU 2023-09:

	Year ended December 31
	2024

Loss before income taxes as reported in the consolidated statements of operations		3,447
Statutory tax rate in the U.S.		21	%
Theoretical tax benefit		724
Increase (decrease) in tax expenses resulting from:
Lower tax rates for preferred technology enterprises		(27	)
Non-deductible expenses		35
Change in valuation allowance		835
Others		12
Income tax expense		131

SCHEDULE OF INCOME (LOSS) BEFORE TAXES ON INCOME

F. Loss before taxes includes the following components:

	2025		2024
	Year ended December 31,
	2025		2024
USA		13,342		3,711
Israel		95		(264	)
		13,437		3,447

Viewbix Inc. 10-K