Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 7,617,000 $ 4,353,000
Restricted cash 878,000
Accounts receivable, net of allowance for credit losses of $0 and $0 as of December 31, 2024 and 2023, respectively 350,000
ERC receivable – short-term 2,458,000
Short-term investments - trading 4,913,000
Prepaid expenses and other current assets 252,000 331,000
Total current assets 16,468,000 4,684,000
Capitalized software development costs, net 2,992,000 3,990,000
ERC receivable – long-term 1,528,000
Property and equipment, net 331,000 43,000
Operating lease right-of-use assets 340,000 218,000
Intangible assets, net 178,000 117,000
Other non-current assets 326,000 259,000
Total assets 20,635,000 10,839,000
Current liabilities    
Accounts payable 731,000 1,408,000
Accrued expenses 2,326,000 2,324,000
Contract liabilities 134,000
Accrued payroll 425,000 420,000
Accrued officers’ compensation 534,000 648,000
Notes payable, current 20,000 1,787,000
Accrued interest 533,000
Operating lease liabilities, current 124,000 67,000
Derivative liability 1,000
Total current liabilities 4,294,000 7,188,000
Long-term liabilities    
Notes payable, non-current 98,000 362,000
Operating lease liabilities, non-current 222,000 164,000
Total liabilities 4,614,000 7,714,000
Commitments and contingencies (Note 16)
Stockholders’ equity    
Common stock, $0.0001 par value, 400,000,000 shares authorized, 993,120 and 106,157 shares issued and outstanding as of December 31, 2024 and 2023 1,000 1,000
Additional paid-in capital 203,295,000 175,766,000
Accumulated deficit (187,094,000) (175,622,000)
Stockholders’ equity in Verb Technology Company, Inc. 16,202,000 3,125,000
Non-controlling interests (181,000)
Total stockholders’ equity 16,021,000 3,125,000
Total liabilities and stockholders’ equity 20,635,000 10,839,000
Series C Preferred Stock [Member]    
Stockholders’ equity    
Series C Preferred Stock, $0.0001 par value, 5,000 shares authorized, 0 and 3,000 shares issued and outstanding as of December 31, 2024 and 2023 $ 2,980,000