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 AND SUPPLEMENTAL DISCLOSURES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF CONCENTRATION RISK

SCHEDULE OF CONCENTRATION RISK

		Nine Months Ended September 30,
		2024		2023
The Company’s largest customers are presented below as a percentage of the aggregate

Revenues		Two customers accounted for 41% of revenues		No customers individually over 10%

The Company’s largest vendors are presented below as a percentage of the aggregate

Purchases		One vendor accounted for 18% of its purchases individually and in the aggregate		One vendor accounted for 28% of its purchases individually and in the aggregate

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

		2024				2023
		Nine Months Ended September 30,
		2024				2023

Supplemental disclosures of cash flow information:
Cash paid for interest		$	4			$	242
Cash paid for income taxes		$	1			$	2

Supplemental disclosure of non-cash investing and financing activities attributable to continuing operations:
Fair value of common shares issued as payment on notes payable		$	2,777			$	4,092
Fair value of common shares issued to redeem Series C preferred shares			2,737				-
Fair value of common shares issued to settle accrued expenses			-				346
Derecognition of operating lease right-of-use assets			-				1,186
Derecognition of operating lease liabilities			-				1,870
Derecognition of other assets and liabilities related to lease termination			-				421
Recognition of operating lease right-of-use asset and related lease liability			-				245
Supplemental disclosure of non-cash investing and financing activities attributable to discontinued operations:
Discount recognized from advances on future receipts		$	-			$	558