Verb Technology Company, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
- Summary of Significant Accounting Policies (Sound Concepts Inc.) (Policies)
Notes Tables
Notes Details

Debt (Details Narrative) (Sound Concepts Inc.)

v3.19.1

Debt (Details Narrative) (Sound Concepts Inc.) - USD ($)	Feb. 17, 2018	Dec. 27, 2016	Feb. 28, 2014	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Notes payable					$ 125,000
Sound Concepts, Inc. [Member] \| Zions National First Bank (ZB, N.A.) [Member]
Line of credit, outstanding					280,000
Sound Concepts, Inc. [Member] \| Zions National First Bank (ZB, N.A.) [Member] \| Financing Agreement [Member]
Line of credit, maximum borrowing capacity		$ 500,000
Line of credit, description		The line of credit was secured by the Company's assets, bears average interest rate of 5% per annum, matures every anniversary but is automatically renewed for one year, until terminated by the parties.
Line of credit, interest rate		5.00%
Line of credit, maturity date		Dec. 27, 2018
Sound Concepts, Inc. [Member] \| Ford Motor Credit [Member] \| Promissory Notes [Member]
Notes payable			$ 80,000
Debt instrument, term			4 years
Debt instruments maturity date			Feb. 28, 2018
Debt instrument, average percentage			5.00%
Debt instrument, outstanding					$ 6,000	$ 26,000
Debt instrument, payment description			As of December 31, 2018, the note was fully paid.
Sound Concepts, Inc. [Member] \| Ally Auto [Member] \| Promissory Notes [Member]
Notes payable	$ 36,000
Debt instrument, term	75 months
Debt instruments maturity date	Jun. 30, 2024
Debt instrument, average percentage	5.10%
Debt instrument, outstanding				$ 32,000
Debt instrument, frequency of payment	monthly payments
Debt instrument principal and interest amount	$ 400

- Definition

Debt instrument, payment description.

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

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Amount of the required periodic payments including both interest and principal payments.

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Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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Description of the terms of a credit facility arrangement. Terms typically include interest rate, collateral required, guarantees required, repayment requirements, and restrictions on use of assets and activities of the entity.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

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