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

Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF DERIVATIVE LIABILITY USING BINOMIAL PRICING MODEL ASSUMPTIONS

The derivative liabilities were valued using a Binomial pricing model with the following average assumptions:

	September 30, 2021			Upon Extinguishment in 2021			December 31, 2020
Stock Price	$	1.92		$	2.47		$	1.65
Exercise Price	$	1.41		$	1.18		$	1.41
Expected Life		2.42			3.32			3.17
Volatility		122	%		144	%		107	%
Dividend Yield		0	%		0	%		0	%
Risk-Free Interest Rate		0.35	%		0.33	%		0.23	%
Total Fair Value	$	5,839,000		$	4,513,000		$	8,266,000

SCHEDULE OF DERIVATIVE LIABILITY TRANSACTIONS

At September 30, 2021, the fair value of the derivative liability amounted to $5,839,000. The details of derivative liability transactions for the nine months ended September 30, 2021 and 2020 are as follows:

	September 30, 2021			September 30, 2020
Beginning balance	$	8,266,000		$	5,048,000
Fair value upon issuance of notes payable and/or warrants		-			3,951,000
Change in fair value		2,086,000			(4,295,000	)
Extinguishment		(4,513,000	)		(159,000	)
Ending balance	$	5,839,000		$	4,545,000

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details