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

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

3.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of March 31, 2015 and December 31, 2014.

	March 31,			December 31,
	2015			2014
	(Unaudited)

Furniture and fixtures	$	54,361		$	54,361
Booth equipment		41,802			-
Audio and visual equipment		40,461			40,461
Office equipment		45,301			45,301

		181,925			140,123

Less: accumulated depreciation		(23,983	)		(16,316	)

	$	157,942		$	123,807

Depreciation expense amounted to $7,667 (unaudited) and $1,447 (unaudited) for the three months ended March 31, 2015 and 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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