Document and Entity Information - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2019 |
May 05, 2020 |
Jun. 28, 2019 |
|
| Document And Entity Information | |||
| Entity Registrant Name | Verb Technology Company, Inc. | ||
| Entity Central Index Key | 0001566610 | ||
| Document Type | 10-K/A | ||
| Document Period End Date | Dec. 31, 2019 | ||
| Amendment Flag | true | ||
| Amendment Description | Verb Technology Company, Inc. (the "Company") is filing this Amendment No. 1 on Form 10-K/A (this "Form 10-K/A") to its original Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission (the "SEC") on May 14, 2020 (the "Original 2019 Form 10-K") to disclose that the Company filed the Original 2019 Form 10-K after the March 30, 2020 deadline applicable to the Company for the filing of a Form 10-K in reliance on the 45-day extension provided by an order issued by the U.S. Securities and Exchange Commission (the "SEC") under Section 36 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), dated March 4, 2020 (Release No. 34-88318), as modified and superseded by a new SEC order issued on March 25, 2020 (Release No. 34-88465) (collectively, the "Order"). This Form 10-K/A is being filed to include the disclosure below in accordance with the Order, which was inadvertently omitted from the Original 2019 Form 10-K. On March 27, 2020, the Company filed a Current Report on Form 8-K to indicate its intention to rely on the Order for such extension. Consistent with the Company's statements made in the Current Report on Form 8-K, the Company was unable to file the Original 2019 Form 10-K until May 14, 2020 due to circumstances related to COVID-19, and therefore relied on the Order. In particular, on March 19, 2020, California Governor Gavin Newsom issued an executive order requiring all California residents to stay home due to COVID-19. The Company's executive offices are located in Newport Beach, California. The order, which took effect immediately on the date issued, is to remain in place until further notice. Under the March 19, 2020 order, Californians were not allowed to leave home except for essential purposes. The Governor's order comes with misdemeanor penalties for anyone who violates the restrictions. The March 19, 2020 order prohibited access to the Company's facilities resulting in limited support from its staff, key personnel and professional advisors. This, in turn, delayed the Company's ability to complete its audit and prepare the Original 2019 Form 10-K. Therefore, due to COVID-19's interference in the Company's operations, the Company was unable to file the Original 2019 Form 10-K on a timely basis. In addition, the Company is filing this Form 10-K/A to update and correct certain information in (i) Part I, Item 1 - "Business," (ii) Part I, Item 1A - "Risk Factors," (iii) Part II, Item 7 - "Management's Discussion and Analysis of Financial Condition and Results of Operations," (iv) Part III, Item 11 - "Executive Compensation," (v) Part III, Item 12 - "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters," (vi) Part III, Item 13 - "Certain Relationships and Related Transactions, and Director Independence" and (vii) Part IV, Item 15 (a) to update Exhibit 4.17 - "Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934," and (b) to provide the Form of Indemnity Agreement by and between the Company and each of its executive officers and directors, which was inadvertently omitted from the Original 2019 Form 10-K. Except as described above, this Form 10-K/A does not amend, update or change any other items or disclosure in the Original 2019 Form 10-K or reflect events that occurred after the date of the Original 2019 Form 10-K. Therefore, this Form 10-K/A should be read in conjunction with the Original 2019 Form 10-K and the Company's other filings made with the SEC subsequent to the filing of the Original 2019 Form 10-K. | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Well-known Seasoned Issuer | No | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Interactive Data Current | Yes | ||
| Entity Filer Category | Non-accelerated Filer | ||
| Entity Small Business Flag | true | ||
| Entity Emerging Growth Company | false | ||
| Entity Shell Company | false | ||
| Entity Public Float | $ 37,891,474 | ||
| Entity Common Stock, Shares Outstanding | 29,894,621 | ||
| Document Fiscal Period Focus | FY | ||
| Document Fiscal Year Focus | 2019 |