Verb Technology Company, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Details Narrative)

Summary of Significant Accounting Policies (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 14, 2019	Apr. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019
Net loss			$ 3,115,000	$ 1,469,000	$ 8,466,000	$ 8,193,000
Net cash used in operating activities					(6,506,000)	(2,801,000)
Proceeds from private offering		$ 18,524,000
Payments to cash portion of purchase price		15,000,000
Payment of certain notes payable		$ 2,025,000			$ 630,000
Warrants to purchase common stock			108,196		108,196
Number of shares issued					1,196,000
Aggregate to proceeds of common stock					$ 18,524,000	$ 2,979,000
Operating lease term							89 months
Property and equipment of useful life					5 years
Outstanding Options [Member]
Number of options and warrants excluded from the computation of net loss per share as anti-dilutive					2,914,641	2,265,641
Outstanding Warrants [Member]
Number of options and warrants excluded from the computation of net loss per share as anti-dilutive					11,132,960	1,276,803
Accounts Receivable [Member] \| Major Customer One [Member]
Concentration of credit risk					13.00%
Accounts Receivable [Member] \| Major Customer Two [Member]
Concentration of credit risk					13.00%
Accounts Receivable [Member] \| Major Customer Three [Member]
Concentration of credit risk					11.00%
Accounts Receivable [Member] \| Three Major Customers [Member]
Concentration of credit risk					37.00%
Purchase [Member] \| Major Vendors One [Member]
Concentration of credit risk					10.00%
Accounts Payable [Member] \| Major Customer One [Member]
Concentration of credit risk					16.00%
Accounts Payable [Member] \| Major Customer Two [Member]
Concentration of credit risk					12.00%
Accounts Payable [Member] \| Two Major Customer [Member]
Concentration of credit risk					28.00%
Maximum [Member]
Cash FDIC insured amount			$ 250,000		$ 250,000
Operating lease term			94 months		94 months
Minimum [Member]
Operating lease term			36 months		36 months
Series A Preferred Stock [Member]
Number of shares issued	5,030
Securities Purchase Agreement [Member]
Warrant exercise price	$ 1.88
Warrants to purchase common stock	3,870,000
Number of shares issued	5,030
Number of share warrants granted to issue, value	$ 5,030,000
Securities Purchase Agreement [Member] \| Maximum [Member]
Number of convertible shares issued upon conversion	3,870,000
Warrants to purchase common stock	3,870,000
Number of share warrants granted to issue	3,245,162
Securities Purchase Agreement [Member] \| Series A Preferred Stock [Member]
Number of shares agreed to issue and sell	6,000
Preferred stock conversion, description	Each share of Series A Preferred Stock is convertible, at any time and from time to time from and after the issuance date, at the holder’s option in to that number of shares of Common Stock equal to the stated value per share (or $1,000) divided by the conversion price (initially, $1.55); thus, initially, each share of Series A Preferred Stock is convertible into approximately 645 shares of Common Stock. In certain circumstances, the Series A Preferred Stock is mandatorily convertible into shares of Common Stock after the Company obtains stockholder approval to issue a number of shares of Common Stock in excess of 19.99% and the closing price of the Common Stock is 100% greater than the then-base conversion price on each trading day for any 20 trading days during a consecutive 30-trading-day period. The holders of Series A Preferred Stock cannot convert the Series A Preferred Stock if, after giving effect to the conversion, the number of shares of our Common Stock beneficially held by the holder (together with such holder’s affiliates) would be in excess of 4.99% (or, upon election by a holder prior to the issuance of any shares, 9.99% of the number of shares of Common Stock issued and outstanding immediately after giving effect to the issuance of any shares of Common Stock issuance upon conversion of the Series A Preferred Stock held by the holder). The conversion price of the Series A Preferred Stock is subject to certain customary adjustments, including upon certain subsequent equity sales and rights offerings.