Form 8-K
8-K — QUANTUM X LABS INC.
Accession: 0001493152-26-023096
Filed: 2026-05-14
Period: 2026-05-14
CIK: 0000797542
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-23.1 (ex23-1.htm)
EX-99.1 (ex99-1.htm)
EX-99.2 (ex99-2.htm)
GRAPHIC (ex99-1_001.jpg)
GRAPHIC (ex99-1_002.jpg)
GRAPHIC (ex23-1_001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: form8-k.htm · Sequence: 1
false
0000797542
0000797542
2026-05-14
2026-05-14
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (date of earliest event reported): May 14, 2026
QUANTUM
X LABS INC.
(Exact
Name of Registrant as Specified in its Charter)
Commission
File No.: 001-42681
Delaware
68-0080601
(State of
Incorporation)
(I.R.S. Employer
Identification No.)
2
Jabotinsky St, Atrium Tower, 18th floor
Ramat
Gan, Israel 5252903
6971068
(Address
of Registrant’s Office)
(ZIP
Code)
Registrant’s
Telephone Number, including area code: +972 9-774-1505
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.0001 per share
QXL
The
Nasdaq Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
As
previously announced, on March 4, 2026, Quantum X Labs Inc. (formerly known as Viewbix Inc.) (the “Company”) completed the
acquisition of Quantum X Labs Ltd. (“Quantum Israel” and the “Acquisition”). The Company is voluntarily filing
this Current Report on Form 8-K to provide the disclosures described in Item 9.01 of Form 8-K.
The
unaudited pro forma combined financial information included as Exhibit 99.2 to this Current Report on Form 8-K does not necessarily reflect
what the Company’s results of operations, balance sheets or cash flows would have been during the periods presented had the Acquisition
been completed in prior periods and does not necessarily indicate what the Company’s results of operations, balance sheets, cash
flows or costs and expenses will be in the future.
Item
9.01 Financial Statements and Exhibits.
(a)
Financial Statements of Business Acquired.
In
accordance with Item 9.01(a), the audited financial statements of Quantum Israel as of December 31, 2025 and December 31, 2024 are attached
hereto as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated by reference herein.
(b)
Pro Forma Financial Information.
In
accordance with Item 9.01(b), the unaudited pro forma condensed combined financial information of the Company updated to reflect the
acquisition of Quantum Israel as if it had occurred on each of December 31, 2025 is attached hereto as Exhibit 99.2 to this Current Report
on Form 8-K/A and are incorporated by reference herein.
(c) Not Applicable
(d) Exhibits
Exhibit
No.
Description
23.1
Consent
of Kesselman & Kesselman, Certified Public Accountant (Isr.), a member firm of
PricewaterhouseCoopers International Limited, an independent registered public accounting firm, independent auditor of
Quantum X Labs Ltd.
99.1
Audited Financial Statements of Quantum X Labs Ltd. for the year ended December 31, 2025
99.2
Unaudited Pro Forma Combined Financial Information for the year ended December 31, 2025
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Quantum
X Labs Inc.
By:
/s/
Amihay Hadad
Name:
Amihay
Hadad
Title:
Chief
Executive Officer
Date:
May 14, 2026
EX-23.1
EX-23.1
Filename: ex23-1.htm · Sequence: 2
Exhibit
23.1
CONSENT
OF INDEPENDENT ACCOUNTANTS
We
hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 333-289249) and Form S-1 (File Nos.
333-281143, 333-288164 and 333-288886) of Quantum X Labs Inc. of our report dated May 14, 2026 relating to the financial statements of
Quantum X Labs Ltd., which appears in this Current Report on Form 8-K.
Tel-Aviv, Israel
/s/ Kesselman & Kesselman
May 14, 2026
Certified Public Accountants (Isr.)
A member firm of PricewaterhouseCoopers International Limited
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 3
Exhibit
99.1
Quantum
X Labs Ltd.
Consolidated
Financial Statements
December
31, 2025
Quantum
X Labs Ltd.
Consolidated
Financial Statements
December
31, 2025
Table
of Contents
Page
Report of Independent Auditors
2-3
Consolidated
Financial Statements:
Consolidated Balance Sheet
4
Consolidated Statement of Operations
5
Consolidated Statement of Equity
6
Consolidated Statement of Cash Flows
7
Notes to Consolidated Financial Statements
8-12
Report
of Independent Auditors
To
the Shareholders and Board of Directors of Quantum X Labs Ltd.
Opinion
We
have audited the accompanying consolidated financial statements of Quantum X Labs Ltd. and its subsidiary (the “Company”),
which comprise the consolidated balance sheet as of December 31, 2025, and the related consolidated statements of operations, of equity
and cash flows for the period from January 12, 2025 (date of incorporation) to December 31, 2025, including the related notes (collectively
referred to as the “consolidated financial statements”).
In
our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the
Company as of December 31, 2025, and the results of its operations and its cash flows for the period from January 12, 2025 (date of incorporation)
to December 31, 2025 in accordance with accounting principles generally accepted in the United States of America.
Basis
for Opinion
We
conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our
responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated
Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities,
in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Material
Uncertainty Related to Going Concern
The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 1 to the consolidated financial statements, the continuance of the Company’s operations is subject to receiving additional
financing. The Company has incurred losses since inception and negative cash flows from operating activities, and has stated that
these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability
to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome
of this uncertainty. Our opinion is not modified with respect to this matter.
Responsibilities
of Management for the Consolidated Financial Statements
Management
is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles
generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant
to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to
fraud or error.
In
preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered
in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the
date the consolidated financial statements are available to be issued.
2
Auditors’
Responsibilities for the Audit of the Consolidated Financial Statements
Our
objectives are to obtain reasonable assurance about whether the consolidated
financial statements as a whole are free from material misstatement, whether due to fraud or error,
and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not
absolute assurance and therefore is not a guarantee that an audit conducted in accordance with US GAAS will always detect a material
misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence
the judgment made by a reasonable user based on the consolidated financial statements.
In
performing an audit in accordance with US GAAS, we:
● Exercise
professional judgment and maintain professional skepticism throughout the audit.
● Identify
and assess the risks of material misstatement of the consolidated financial statements, whether
due to fraud or error, and design and perform audit procedures responsive to those risks.
Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the consolidated financial statements.
● Obtain
an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control. Accordingly, no such opinion
is expressed.
● Evaluate
the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the consolidated
financial statements.
● Conclude
whether, in our judgment, there are conditions or events, considered in the aggregate, that
raise substantial doubt about the Company’s ability to continue as a going concern
for a reasonable period of time.
We
are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit,
significant audit findings, and certain internal control-related matters that we identified during the audit.
Tel-Aviv,
Israel
/s/
Kesselman & Kesselman
May
14, 2026
Certified
Public Accountants (Isr.)
A
member firm of PricewaterhouseCoopers International Limited
3
Quantum
X Labs Ltd.
Consolidated
Balance Sheet
(U.S.
dollars in thousands)
December 31,
2025
Assets
Current
assets:
Cash
and cash equivalents
260
Restricted
cash
13
Related
parties (Note 5)
112
Other
current assets
18
Total
current assets
403
Non
current assets:
Property
and equipment, net
3
Equity
method investments
42
Total
non current assets
45
Total
assets
448
Liabilities
and shareholders’ equity
Current
liabilities:
Accrued
expenses
151
Related
party (Note 5)
78
Total
liabilities
229
Commitments
and contingencies (Note 4)
Shareholders’
equity:
Ordinary
share, no par value; 1,000,000 shares authorized and 589,319 issued and outstanding
-
Additional
paid-in capital
544
Non-controlling
interest
(52 )
Accumulated
deficit
(273 )
Total
shareholders’ equity
219
Total
liabilities and shareholders’ equity
448
The
accompanying notes are an integral part of the consolidated financial statements.
4
Quantum
X Labs Ltd.
Consolidated
Statement of Operations
(U.S.
dollars in thousands)
For
the Period From
January
12, 2025 (*) to
December
31, 2025
Operating
expenses:
Research
and development
192
General
and administrative
196
Total
operating expenses
388
Loss
from operations
388
Financial
income, net
(21 )
Gains
from equity method investments, net
(42 )
Net
loss
325
Net
loss attributable to non-controlling interest
52
Net
loss attributable to Quantum X Labs Ltd. shareholders
273
(*)
Date of incorporation.
The
accompanying notes are an integral part of the consolidated financial statements.
5
Quantum
X Labs Ltd.
Consolidated
Statement of Equity
(U.S.
dollars in thousands, except number of share data)
Ordinary
Share
Additional
Paid-In
Accumulated
Non-Controlling
Share
Amount
Capital
Deficit
Interest
Total
Balance
as of January 12, 2025 (*)
-
-
-
-
-
-
Issuance
of ordinary shares (Note 3)
589,319
-
544
-
-
544
Net
loss
-
-
-
(273 )
(52 )
(325 )
Balance
as of December 31, 2025
589,319
-
544
(273 )
(52 )
219
(*)
Date of incorporation.
The
accompanying notes are an integral part of the consolidated financial statements.
6
Quantum
X Labs Ltd.
Consolidated
Statement of Cash Flows
(U.S.
dollars in thousands)
For
the Period From
January
12, 2025
(*)
to December 31, 2025
Cash
flows from operating activities
Net
loss
(325 )
Adjustments
to reconcile net loss to net cash used in operating activities:
Depreciation
(**)
Gains
from equity method investments
(42 )
Share-based
payments
71
Changes
in operating assets and liabilities:
Other
current assets
(18 )
Accrued
expenses
151
Net
cash used in operating activities
(163 )
Cash
flows from investing activities
Purchase
of property and equipment
(3 )
Short-term
balances provided to unconsolidated entities
(112 )
Net
cash used in investing activities
(115 )
Cash
flows from financing activities
Issuance
of ordinary shares
473
Proceeds
from related party
78
Net
cash provided by financing activities
551
Net
change in cash and cash equivalents and restricted cash
273
Cash,
cash equivalents and restricted cash at beginning of the period
-
Cash,
cash equivalents and restricted cash at end of the year
273
(*)
Date of incorporation.
(**)
Less than $1 thousand.
The
accompanying notes are an integral part of the consolidated financial statements.
7
Quantum
X Labs Ltd.
Notes
to Consolidated Financial Statements
Note
1 - General
Description
of Business
Quantum
X Labs Ltd. (the “Company”) was incorporated in the State of Israel on January 12, 2025, and commenced operations on May
26, 2025. The Company, together with its subsidiary and unconsolidated entities, is engaged in the research, development, and commercialization
of quantum technologies and intellectual property.
On
August 27, 2025, the Company, together with other shareholders, formed CliniQuantum Ltd. (“CliniQuantum”), a company incorporated
in the State of Israel. CliniQuantum leverages quantum-enhanced methods to provide solutions for drug discovery, clinical trial optimization,
logistics, biomedicine, and the security sectors. The Company holds a 48% ownership interest in CliniQuantum, and has determined that
it is the primary beneficiary as it holds the power to direct the activities that most significantly impact its economic performance,
and has the right to receive benefits from it that could potentially be significant. Accordingly, CliniQuantum is consolidated in the
Company’s consolidated financial statements.
On
August 31, 2025, the Company, together with other shareholders, formed Quantum Transportation Ltd., a company incorporated in the State
of Israel, to develop transformer-based quantum decoder technology for advanced quantum error correction and cloud-deployed neural decoders.
The Company holds a 30% ownership interest in the company and has determined that it is not the primary beneficiary. Accordingly, the
Company accounts for this investment under the equity method.
On
October 26, 2025, the Company, together with Taurus Gold Corp. (a publicly traded company listed on the Canadian Securities Exchange),
formed Quantum Gyro Ltd., a company incorporated in the State of Israel, to develop quantum-based gyroscope chip technology. The Company
holds a 40% ownership interest in the company and has determined that it is not the primary beneficiary. Accordingly, the Company accounts
for this investment under the equity method.
For
further information see also Note 8.
Liquidity and Capital Resources
The
Company has incurred losses since its inception and has experienced negative cash flows from operating activities. These conditions raise
substantial doubt about the Company’s ability to continue as a going concern. The continuation of the Company’s operations
is dependent upon securing additional financing from existing shareholders or other sources. These consolidated financial statements
do not include any adjustments that might result from the outcome of this uncertainty.
Transaction
with Quantum X Labs Inc.
On
December 15, 2025, the Company and certain of its shareholders entered into a definitive share purchase agreement with Quantum X Labs
Inc. (formerly known as Viewbix Inc., a publicly traded company listed on the Nasdaq Capital Market, pursuant to which Quantum X Labs
Inc. agreed to acquire 100% of the Company’s issued and outstanding share capital. As consideration, Quantum X Labs Inc. agreed
to issue to the Company’s shareholders common stock and pre-funded warrants representing 40% of its issued and outstanding capital
stock, with eligibility for up to 12,702,847 additional shares subject to the achievement of specified post-closing milestones. The transaction
closed on March 4, 2026, upon which the Company became a wholly-owned subsidiary of Quantum X Labs Inc.
8
Quantum
X Labs Ltd.
Notes
to Consolidated Financial Statements (continued)
Operations
in Israel
Since
October 7, 2023, Israel has been in a state of war on multiple fronts involving the Gaza Strip and other countries and regions in the
Middle East, including Iran. During 2025 and to date, there was no material adverse impact on Company’s operations and financial
conditions. However, since these are events beyond the Company’s control, their continuation or cessation may affect the Company’s
expectations. The Company continues to monitor political and military developments closely and examine the consequences for its operations
and assets.
Note
2 - Significant Accounting Policies
Basis
of Presentation
The
consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States
(“U.S. GAAP”).
Use
of Estimates
The
preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated
financial statements and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those
estimates.
Principles
of Consolidation
The
consolidated financial statements include the accounts of the Company and its subsidiary, CliniQuantum. The interests of other shareholders
are presented as non-controlling interests within equity. Intercompany balances and transactions have been eliminated in consolidation.
Investments
in Unconsolidated Entities
Investments
in entities which the Company does not consolidate are accounted for under the equity method. Under this method, the investment is initially
recorded at cost and subsequently adjusted to recognize the Company’s share of the net income or loss of the investee. If losses
accumulate, the Company records its share of losses until the investment is reduced to zero, since the Company has no legal or constructive
obligation to provide further financial support.
Functional
Currency
The
currency of the primary economic environment in which the operations of the Company its subsidiary, CliniQuantum, are conducted is the
U.S. dollar (“dollar”, “$”). Thus, the U.S. dollar is our functional and reporting currency. Gains and losses
arising from foreign currency remeasurements of monetary balances denominated in non-functional currencies are included in financial
expense or income, net, within the consolidated statement of operations.
Cash
and Cash Equivalents
The
Company considers all highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents.
9
Quantum
X Labs Ltd.
Notes
to Consolidated Financial Statements (continued)
Concentration
of Credit Risks
Financial
instruments that subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains
its cash and cash equivalents with high-credit-quality financial institutions.
Fair
Value of Financial Instruments
The
carrying amounts of cash and cash equivalents, restricted cash, other current assets, accrued expenses, and balances with related parties
approximate their fair values due to the short-term nature of these instruments.
Research
and Development
Research
and development expenses consist primarily of fees paid to consultants and service providers, as well as share-based payments. Research
and development costs are expensed as incurred.
Note
3 - Equity
Issuance
of share Capital
During
2025, the Company issued a total of 501,084 ordinary shares, no par value, for total cash consideration of $473 thousand. Additionally,
the Company issued 88,235 ordinary shares, no par value, in exchange for a license agreement with an estimated fair value of $71 thousand.
See further details in Note 4.
Rights
Attached to Share Capital
The
ordinary shares of the Company confer upon their holders equal rights to participate in and vote at general meetings of shareholders
of the Company, with each ordinary share entitling the holder to one vote. Resolutions at general meetings are adopted by a simple majority
of the votes cast, unless a different majority is required by applicable law or the Company’s Articles of Association. Ordinary
shares entitle their holders to receive dividends, if and when declared by the Company, and to participate in the distribution of the
surplus assets of the Company upon liquidation, dissolution or winding up, in each case on a pro rata basis in accordance with the number
of ordinary shares held. The Company has not declared or paid any dividends since its incorporation.
Note
4 - Commitments and Contingencies
License
Agreement
On
May 26, 2025, the Company entered into an exclusive, worldwide, royalty-bearing license agreement with Ramot at Tel Aviv University Ltd.
(“Ramot”), pursuant to which Ramot granted the Company an exclusive license to develop, manufacture, and commercialize certain
products based on Ramot’s patent portfolio and know-how in the field of quantum computing, including technology relating to the
decoding of quantum error correction codes using transformer neural networks.
In
consideration for the license, the Company issued to Ramot 88,235 ordinary shares, no par value, at an estimated fair value of $71 thousand,
subject to certain anti-dilution protections maintaining Ramot’s ownership at 15% of the Company’s share capital, on a fully
diluted basis, until the Company has raised an aggregate equity investment of $1.5 million. The Company accounts for this license agreement
as a share-based payment transaction and recognized an expense in the same amount within research and development expenses.
10
Quantum
X Labs Ltd.
Notes
to Consolidated Financial Statements (continued)
In
addition, the Company is obligated to: (i) pay royalties to Ramot at rates ranging from 4% to 6% of net sales, depending on cumulative
sales thresholds; (ii) pay Ramot 15% of any sublicense receipts received by the Company; (iii) issue to Ramot an additional 16,668 ordinary
shares of the Company, no par value, equal to 2.5% of the Company’s share capital on a fully diluted basis, if cumulative net sales
by the Company and affiliates reach $500 thousand. The agreement further requires the Company to meet specified development milestones
within defined timeframes and to fund the development program in accordance with an agreed commercialization plan. The term of the agreement
runs until the expiration of all payment obligations of the Company thereunder, subject to earlier termination upon material breach,
bankruptcy, or failure to meet funding milestones.
In
February 2026, concurrently with the closing of the transaction with Quantum X Labs Inc. (formerly Viewbix Inc.) as described in Note
1, the Company and Ramot entered into an amendment to the license agreement, pursuant to which the anti-dilution protections and the
Company’s obligation to issue additional shares upon reaching the $500 thousand cumulative net sales milestone were terminated.
Legal
Matters
In the ordinary course of business, the Company may
be subject to various legal matters. The Company accrues a liability when management believes that it is both probable that a liability
has been incurred and the amount of loss can be reasonably estimated. Although the outcome of the various legal matters cannot be predicted
with certainty, the Company believes that any of these matters are neither probable to result in a liability nor can result in a material
adverse effect on the Company business, financial condition, results of operations or cash flows.
Note
5 – Related Parties
As
of December 31, 2025, the related parties receivable balance of $112 thousand primarily consisted of certain expenses paid by the Company
on behalf of its unconsolidated entities.
During
the year ended December 31, 2025, an amount of $78 thousand was given by related party to the Company in order to fund the activities
of the Company.
Note
6 - Unconsolidated Entities
Quantum
Transportation Ltd.
In
November 2025, following a $150 thousand capital injection by a new investor into Quantum Transportation Ltd., the Company’s ownership
interest was diluted from 33% to 30%. This decrease resulted in a gain of $52 thousand. Additionally, the Company recognized $10 thousand
in equity losses, representing its share of the associate’s net loss for the period. As of December 31, 2025, the investment amounted
to $42 thousand.
Quantum
Gyro Ltd.
During
the period, the associate incurred net losses, however, as the Company has no legal or constructive obligation to provide financial support
or make payments on its behalf, no losses were recognized.
Note
7 - Income Taxes
Basis
of Taxation
The
Company and CliniQuantum are subject to Israeli corporate tax rate of 23%.
Net
Operating Loss Carryforward
As
of December 31, 2025, the Company and CliniQuantum have net operating losses carryforward of $182 thousand and $56 thousand, respectively.
Under Israeli tax laws, these carryforward losses have no expiration date.
11
Quantum
X Labs Ltd.
Notes
to Consolidated Financial Statements (continued)
Deferred
Income Taxes
Based
on the losses incurred since inception, management believes it is more likely than not that the deferred tax assets, primarily related
to the net operating loss carryforwards and capitalized research and development costs of $55 thousand and $44 thousand, respectively,
will not be realized. Accordingly, a full valuation allowance has been provided against these assets.
Note
8 - Subsequent Events
In
February 2026, the Company, together with other parities, formed Quantum Atom Accuracy Ltd. and Nuclear Quantum Ltd., companies incorporated
in the State of Israel. The Company holds a 40% ownership interest in these entities.
In
February 2026, CliniQuantum completed a capital raise of approximately $350 thousand, reflecting a pre-money valuation of $8 million.
As a result, the Company’s ownership interest was diluted from 48% to 46%.
In
March 2026, the Company and Taurus Gold Corp. completed a restructuring whereby Quantum Gyro Ltd.’s subsidiary, QuantumQ Security
Ltd., was transferred from an indirect holding to a direct holding. Following the restructuring, Taurus Gold Corp. holds 60% of QuantumQ
Security Ltd. and the Company holds the remaining 40%. QuantumQ Security Ltd. is engaged in the development of quantum-based cybersecurity
solutions for protecting critical assets.
On
March 6, 2026, the Company entered into an exclusive, worldwide license agreement with Quantum Gyro Ltd., pursuant to which Quantum
Gyro Ltd. was granted an exclusive license for the development, manufacture, and commercialization
of quantum gyroscope technology for navigation and GPS-replacement applications. As consideration
for the license, Quantum Gyro Ltd. is obligated to pay the Company an upfront cash
payment of $100,000 to the Company. The agreement provides for royalties on net sales at tiered rates of 4% to 6% depending on cumulative
net sales thresholds, as well as a 15% share of sublicense receipts. The agreement remains in force until the expiration of all payment
obligations, subject to the Quantum Gyro Ltd.’s compliance with development milestones, including intellectual property
submission, development of a working prototype, securing a development partnership, and commencement of chip-based gyroscope development.
On
March 2, 2026, the Company entered into a license agreement with CliniQuantum Ltd., under which the Company granted CliniQuantum an exclusive,
worldwide license to use the Company’s Licensed Technology (patents and proprietary know-how) in the field of Quantum Simulation
and Quantum Monte Carlo for the development and commercialization of products in the clinical trials domain. As consideration, CliniQuantum
is obligated to pay the Company an upfront cash payment of $50,000. The Company is entitled to ongoing royalties on net sales at rates
ranging from 4% to 6% (depending on cumulative sales levels), as well as 15% of any sublicense receipts received.
On
March 9, 2026, NeuroThera Labs Inc. (the “Purchaser”) entered into a Share Purchase Agreement with certain shareholders of
CliniQuantum (excluding the Company itself), an Israeli company engaged in the development and commercialization of Quantum Simulation
and Quantum Monte Carlo technologies in the field of clinical trials, pursuant to which such selling shareholders sold to the Purchaser
56,375 ordinary shares of CliniQuantum, representing 54.01% of its issued and outstanding share capital, in consideration for the issuance
of 56,600,000 common shares of the Purchaser, listed on the TSX Venture Exchange (TSXV), at an aggregate deemed value of approximately
CAD $9.46 million. In addition, the Purchaser may be required to pay the selling shareholders additional Earn-Out payments of up to $1,500,000
upon the filing of patent applications and up to $1,000,000 based on fundraising proceeds received by the Purchaser during the three-year
period following closing.
As
of the date of approval of the financial statements, not all closing conditions have been fulfilled and the transaction has not yet been
completed.
On
March 31, 2026, the Company entered into an exclusive, worldwide license agreement with Quantum Atom Accuracy Ltd., pursuant to
which Quantum Atom Accuracy Ltd. was granted an exclusive license for the development, manufacture, and commercialization of a
miniaturized rubidium atomic-beam clock. As consideration for the license, Quantum Atom Accuracy Ltd. is obligated to pay the
Company an upfront cash payment of CAD 50,000. The agreement provides for royalties on net sales at tiered rates of 4% to 6% depending
on cumulative net sales thresholds, as well as a 15% share of sublicense receipts. The agreement remains in force until the expiration
of all payment obligations, subject to Quantum Atom Accuracy Ltd.’s compliance with development milestones, including intellectual
property submission, development of a proof-of-concept prototype, securing a design partner, initiation of chip-based clock development,
and achievement of first revenues.
12
EX-99.2
EX-99.2
Filename: ex99-2.htm · Sequence: 4
Exhibit
99.2
UNAUDITED
PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION
On
December 15, 2025, Quantum X Labs Inc. (formerly known as Viewbix Inc.) (the “Company” or “Quantum Inc”) entered
into a securities exchange agreement (the “Quantum Exchange Agreement”) with Quantum X Labs Ltd. (“Quantum Israel”)
and certain of the shareholders of Quantum Israel (the “Quantum Israel Shareholders”) pursuant to which the Company agreed
to issue to the Quantum Israel Shareholders an aggregate amount of up to 40.0% of the Company’s issued and outstanding capital
stock as of December 15, 2025, inclusive of 800,000 shares of the Company’s common stock issuable by the Company in a private placement
offering (the “Private Placement Shares”) that the Company entered into in November 2025, consisting of (i) up to 2,666,000
shares of the Company’s common stock, representing 19.99% of the Company’s issued and outstanding capital stock (the “Exchange
Shares”), inclusive of the Private Placement Shares, and (ii) pre-funded warrants to purchase up to 4,447,595 shares of the Company’s
common stock, representing the balance of up to the 40.0%, as of December 15, 2025, less the Exchange Shares, in exchange for up to 100%,
but not less than 85%, of Quantum Israel’s issued and outstanding share capital on a fully diluted and post-closing basis, equal
to an amount up to 589,319 of Quantum Israel’s ordinary shares (the “Acquisition”).
In
addition, pursuant to the Quantum Exchange Agreement, the Company may issue to the Quantum Israel Shareholders up to 12,702,847 additional
shares of the Company’s common stock or pre-funded warrants to purchase shares of the Company’s common stock, only following
the 12-month anniversary of the closing date of the Acquisition and upon the achievement of specified post-closing milestones as defined
in the Quantum Exchange Agreement.
On
March 4, 2026, the Company closed the Acquisition (the “Closing Date”), pursuant to which the Company acquired 100% of Quantum
Israel’s issued and outstanding share capital on a fully diluted, post-closing basis and Quantum Israel became a wholly owned subsidiary
of the Company. On the Closing Date, the Company issued to the Quantum Israel Shareholders 1,866,000 shares of its common stock and pre-funded
warrants to purchase 4,447,595 shares of its common stock. The pre-funded warrants were exercisable upon issuance at an exercise price
of $0.0001 per share and will not expire until exercised in full.
The
unaudited pro forma condensed combined balance sheets are based on the individual historical balance sheets of the Company and Quantum
Israel, prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, as of December 31, 2025, and has been
prepared to reflect the effect of the Acquisition, which was completed on March 4, 2026, as if it had occurred on December 31, 2025.
The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2025 gives effect to the Acquisition
as if it had occurred on January 1, 2025, the beginning of the Company’s fiscal year. The historical condensed combined financial
information has been adjusted to give effect to pro forma events that are: 1) directly attributable to the Acquisition; 2) factually
supportable; and 3) with respect to the statement of operations, expected to have a continuing impact on the combined results. The unaudited
pro forma financial statements were prepared in accordance with Article 11 of the U.S. Securities and Exchange Commission, or the SEC,
Regulation S-X, or Article 11 of Regulation S-X. In the opinion of management, all adjustments necessary to present fairly
the unaudited pro forma condensed combined financial information have been made, as further described in the accompanying notes.
The
unaudited pro forma condensed combined financial information is derived from and should be read in conjunction with the Company’s
historical audited financial statements for the year ended December 31, 2025 included in the Company’s Annual Report on Form 10-K
filed to the SEC on March 27, 2026, (the “Annual Report”), the historical audited financial statements of Quantum
Israel for the year ended December 31, 2025 included as Exhibit 99.1 to this Current Report on Form 8-K, or this Form 8-K.
The
unaudited pro forma combined condensed financial information is presented for informational purposes only and is not necessarily indicative
of the results of operations that would have resulted had the Acquisition described above been consummated at the dates indicated, nor
is it necessarily indicative of the results of operations which may be realized in the future. Furthermore, the unaudited pro forma combined
condensed financial information does not give effect to the potential impact of current financial conditions, regulatory matters, operating
efficiencies or other savings or expenses that may be associated with the integration of the two companies.
UNAUDITED
PRO FORMA CONDENSED COMBINED BALANCE SHEETS
As
of December 31, 2025
(U.S.
dollars in thousands)
Quantum
Inc
Quantum
Israel
Transaction
Accounting
Adjustments
Pro
Forma
Assets
Current Assets:
Cash and cash equivalents
$ 1,018
$ 260
$ 1,400
3(c)
$ 2,678
Restricted cash
-
13
-
13
Restricted deposit
20
-
-
20
Accounts receivables
315
-
-
-
Related parties
-
112
-
112
Other receivables
299
18
-
317
Total
Current Assets
1,652
403
1,400
3,455
Non-current assets:
Deferred taxes
12
-
-
12
Property and equipment, net
56
3
-
59
Financial assets measured at cost method
600
-
-
600
Equity method investments
-
42
-
42
Intangible assets, net
2,045
-
1,600
3(a)
3,645
Goodwill
6,392
-
14,326
3(a)
20,718
Total
Non-current Assets
9,105
45
15,926
25,076
Total
Assets
$ 10,757
448
17,326
28,531
Liabilities
Current liabilities:
Accounts payable
$ 1,204
$ -
$ -
$ 1,204
Related parties
-
78
-
78
Short-term loans
260
-
-
260
Current maturities of long-term loans
781
-
-
781
Short-term convertible loans
867
-
-
867
Other payables
951
151
70
3(c)
1,172
Total
Current liabilities
4,063
229
70
4,362
Non-current liabilities:
Long-term loans, net of current maturities
586
-
-
586
Deferred taxes
326
-
368
3(a)
694
Earn-out liability
793
-
-
793
Total
None Current liabilities
1,705
-
368
2,073
Total Liabilities
$ 5,768
229
438
6,435
Shareholders’ Equity:
Common stock of $0.0001 par value
4
(* )
-
4
Additional paid-in-capital
$ 51,032
$ 544
16,519
3(b)
$ 68,095
Accumulated deficit
(46,047 )
(273 )
369
3(b)
(45,951 )
Equity attributed to shareholders
4,989
271
16,888
22,148
Non-controlling interests
-
(52 )
-
(52 )
Total Equity
4,989
219
16,888
22,096
Total
Liabilities and Shareholders’ Equity
10,757
448
17,326
28,531
(*) Ordinary shares, no par value.
2
UNAUDITED
PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS
For
the year ended December 31, 2025
(U.S.
dollars in thousands)
Quantum
Inc
Quantum
Israel
Transaction
Accounting
Adjustments
Pro
Forma
Revenues
$ 1,569
-
1,569
Costs and Expenses:
Traffic-acquisition and related costs
297
-
-
297
Research and development
69
192
-
261
Selling and marketing
100
-
-
100
General and administrative
1,625
196
-
1,821
Depreciation and amortization
848
-
-
848
Other expenses, net
814
-
-
814
Operating
loss
2,184
388
-
2,572
Finance expenses (income), net
11,253
(21 )
-
11,232
Gains from equity method
investments, net
-
(42 )
-
(42 )
Loss from continuing operations
before taxes
13,437
325
-
13,762
Income tax benefit
(39 )
-
-
(39 )
Net loss from continuing
operations
13,398
325
-
13,723
Net
loss from discontinued operations
7,417
-
-
7,417
Net
loss
20,815
325
-
21,140
Net loss attributable to non-controlling interests
1,530
52
-
1,582
Net loss attributable
to shareholders
19,285
273
-
19,558
Net loss from continuing
operations attributable to:
Shareholders
13,398
273
13,671
Non-controlling interests
-
52
52
13,398
325
13,723
Net loss from discontinued
operation attributable to:
Shareholders
5,887
-
-
5,887
Non-controlling interests
1,530
-
-
1,530
7,417
-
-
7,417
Net loss per share from continuing operations
– Basic and diluted attributed to shareholders:
1.58
-
-
1.23
Net loss per share from discontinued operations
– Basic and diluted attributed to shareholders:
0.69
-
-
0.52
Total net loss per share
– Basic and diluted attributed to shareholders:
2.28
-
-
1.76
Weighted average number of shares –
Basic and diluted:
8,474,057
-
2,666,000
3(b)
11,140,057
3
Notes
to Unaudited Pro Forma Condensed Combined Financial Information
Note
1 - Basis of presentation
The
unaudited pro forma condensed combined statement of operations for the year ended December 31, 2025, presents pro forma
effect to the Acquisition, which was completed on March 4, 2026, as if it had been completed on January 1, 2025 and was derived
from the Company’s historical audited financial statements for the year ended December 31, 2025 included in the Annual Report and
the historical audited financial statements of Quantum Israel for the year ended December 31, 2025 included as Exhibit 99.2 to
this Form 8-K.
The
unaudited pro forma condensed combined financial information herein has been prepared to illustrate the effects of the Acquisition in
accordance with U.S. GAAP.
The
unaudited pro forma condensed combined balance sheets as of December 31, 2025, assumes that the Acquisition occurred on December
31, 2025.
The
unaudited pro forma condensed combined balance sheets as of December 31, 2025, has been prepared using, and should
be read in conjunction with, the following:
●
The
Company’s audited consolidated balance sheet as of December 31, 2025, and the related notes, included in the Annual Report;
and
●
Quantum
Israel’s audited consolidated balance sheet as of December 31, 2025, and the related notes, included as Exhibit 99.2
to this Form 8-K.
4
The
unaudited pro forma condensed combined statement of operations for the year ended December 31, 2025, have been prepared using, and
should be read in conjunction with, the following:
●
The
Company’s audited consolidated statement of operations for the year ended December 31, 2025, and the related notes included
in the Annual Report; and
●
Quantum
Israel’s audited consolidated statement of operations for the period from January 12, 2025 (date of incorporation)
to December 31, 2025 and the related notes attached as Exhibit 99.2 to this Form 8-K.
Information
has been prepared based on these preliminary estimates, and the final amounts recorded may differ materially from the information presented.
The unaudited pro forma condensed combined financial information does not give effect to any anticipated synergies, operating efficiencies,
tax savings, or cost savings that may be associated with the Acquisition.
Management
has made significant estimates and assumptions in its determination of the pro forma adjustments. The pro forma adjustments
reflecting the consummation of the Acquisition are based on certain currently available information and certain assumptions and methodologies
that the Company believes are reasonable under the circumstances. The unaudited condensed pro forma adjustments, which are described
in the accompanying notes, may be revised as additional information becomes available and is evaluated. Therefore, it is likely that
the actual adjustments will differ from the pro forma adjustments and it is possible the difference may be material. The Company
believes that these assumptions and methodologies provide a reasonable basis for presenting all of the significant effects of the Acquisition
based on information available to management at the time of the Closing Date and that the pro forma adjustments give appropriate
effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information.
The
unaudited pro forma condensed combined financial information is presented solely for informational purposes and is not necessarily indicative
of the combined results of operations or balance sheets that might have been achieved for the periods presented, nor is it necessarily
indicative of the future results of the combined company.
The
unaudited pro forma condensed combined financial information does not necessarily reflect what the combined company’s financial
condition or results of operations would have been had the transactions occurred on the dates indicated. The unaudited pro forma
condensed combined financial information also may not be useful in predicting the future financial condition and results of operations
of the combined company. The actual balance sheets and results of operations may differ significantly from the pro forma amounts
reflected herein due to a variety of factors.
Note
2 - Adjustments to Unaudited Pro Forma Condensed Combined Financial Information
The
unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X
as amended by Release No. 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Businesses.” Release
No. 33-10786 replaces the existing pro forma adjustment criteria with simplified requirements to depict the accounting for the transaction,
or Transaction Accounting Adjustments, and present the reasonably estimable synergies and other transaction effects that have occurred
or are reasonably expected to occur, or Management’s Adjustments. The Company has elected not to present Management’s Adjustments
and will only be presenting Transaction Accounting Adjustments in the unaudited pro forma condensed combined financial information.
5
The
unaudited pro forma combined provision for income taxes does not necessarily reflect the amounts that would have resulted had the combined
company following consummation of the Acquisition filed consolidated income tax returns during the periods presented.
Note
3 - Pro Forma Adjustments
The
following describes the pro forma adjustments related to the Acquisition, that have been made in the accompanying unaudited pro forma
condensed combined statements of operations for the year ended December 31, 2025, giving effect to the Acquisition as if it had been
consummated on January 1, 2025, all of which are based on preliminary estimates that could change significantly as additional information
is obtained:
(a)
The preliminary purchase price allocation is as follows (in thousand):
Consideration paid in Company’s
shares and pre-funded warrants
$ 10,670
Earn-out arising
from the acquisition
5,222
Total cost of the acquisition
15,892
Less: Acquired tangible assets
334
Excess purchase price
15,558
Fair value adjustments:
Intangible asset – in-process
research and development
1,600
Deferred tax liabilities
(368 )
Total fair value adjustments
1,232
Goodwill
14,326
The
consideration of $10,670 thousand paid in Company’s shares and pre-funded warrants to purchase Company’s shares,
which were allocated to the Quantum Israel Shareholders at the Closing Date.
The
earn-out arising from the acquisition of $5,222 represents the estimated fair value of the earn-out to be paid in Company’s shares
or pre-funded warrants to the Quantum Israel Shareholders upon the achievement of certain milestones during the 12-month anniversary
of the Closing Date.
The
allocation of the purchase price as reflected in this pro forma condensed combined financial information has been based
upon estimates of the fair value of assets acquired and liabilities assumed as of the Closing Date. Management, with the assistance of
independent valuation specialists, is currently assessing the final fair values of the tangible and intangible assets acquired and liabilities
assumed. A final determination of the fair values is still subject to the completion of further analyses from those used in the pro forma
condensed combined financial information.
The
pro forma adjustments give effect to the forward acquisition accounting, and specifically:
(1)
to
recognize $1,600 thousand of Quantum Israel’s identified intangible assets comprised of in-process research and development
which is classified as an indefinite-lived intangible asset;
(2)
to
recognize $368 thousand of Quantum Israel’s deferred tax liabilities associated with the identified intangible asset;
and
(3)
to
recognize Quantum Israel’s goodwill of $14,326 thousand.
(b)
Represents
the issuance of the Company’s shares and pre-funded warrants to the Quantum Israel Shareholders, the issuance of the Private Placement
Shares and the consolidation equity elimination upon consolidation of Quantum Israel.
(c)
The aggregate gross proceeds received by the Company
under the private placement offering were $1,400. The Company
incurred issuance costs of $70 which were paid subsequent to the Closing Date, in April 2026.
6
GRAPHIC
GRAPHIC
Filename: ex99-1_001.jpg · Sequence: 5
Binary file (4703 bytes)
Download ex99-1_001.jpg
GRAPHIC
GRAPHIC
Filename: ex99-1_002.jpg · Sequence: 6
Binary file (4204 bytes)
Download ex99-1_002.jpg
GRAPHIC
GRAPHIC
Filename: ex23-1_001.jpg · Sequence: 7
Binary file (2406 bytes)
Download ex23-1_001.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 23
v3.26.1
Cover
May 14, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
May 14, 2026
Entity File Number
001-42681
Entity Registrant Name
QUANTUM
X LABS INC.
Entity Central Index Key
0000797542
Entity Tax Identification Number
68-0080601
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
2
Jabotinsky St, Atrium Tower
Entity Address, Address Line Two
18th floor
Entity Address, City or Town
Ramat
Gan
Entity Address, Country
IL
Entity Address, Postal Zip Code
6971068
City Area Code
+972
Local Phone Number
9-774-1505
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common
Stock, par value $0.0001 per share
Trading Symbol
QXL
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
ISO 3166-1 alpha-2 country code.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCountry
Namespace Prefix:
dei_
Data Type:
dei:countryCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration