Verb Technology Company, Inc. Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2021

	Years Ended December 31,
	2021	2020

Verb’s largest customers are presented below as a percentage of Verb’s aggregate

Revenues and Accounts receivable	None	None

Verb’s largest vendors are presented below as a percentage of Verb’s aggregate

Purchases	2 major vendors accounted for 25% and 25% of accounts payable individually and 50% in aggregate	1 major vendor accounted for 40% of accounts payable individually and in aggregate

Accounts payable	1 major vendor accounted for 40% of accounts payable individually and in aggregate	2 major vendors accounted for 10% and 28% of accounts payable individually and 38% in aggregate


Supplemental disclosures of cash flow information
Cash paid for interest	$	135,000	$	120,000
Cash paid for income taxes	$	1,000	$	1,000

Supplemental disclosure of non-cash investing and financing activities
Far value of class B units issued upon acquisition of subsidiary	$	-	$	3,065,000
Fair value of derivative liability from issuance of convertible debt, inducement shares and warrant features		-		3,951,000
Fair value of derivative liability extinguished		4,513,000		-
Fair value of common shares issued to settle accounts payable and accrued expenses		322,000		-
Reclassification of Class B upon conversion to common stock		3,065,000		-
Fair value of common stock issued to settle notes payable – related party		200,000		-
Fair value of common stock received in exchange for employee’s payroll taxes		139,000		-
Fair value of common stock issued for future services		164,000		-
Fair value of debt forgiveness		1,399,000		-
Accrued capitalized software development costs		2,100,000		-
Fair value of common stock issued to settle lawsuit		678,000		-
Discount recognized from advances on future receipts		3,194,000		285,000
Fair value of common stock issued for prepaid subscription agreement		-		340,000
Fair value of restricted awards returned – payroll taxes		-		485,000
Goodwill and intangible assets acquired from acquisition		-		4,846,000
Assets acquired from the acquisition of subsidiary		-		207,000
Liabilities assumed from the acquisition of subsidiary		-		331,000
Issuance of note payable upon acquisition of subsidiary	$	-	$	1,885,000