Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 6,275 $ 7,617
Restricted cash 880 878
Accounts receivable, net of allowance for credit losses of $0 and $0 as of March 31, 2025 and December 31, 2024, respectively 1,029 350
ERC receivable – short-term 734 2,458
Short-term investments - trading 5,081 4,913
Prepaid expenses and other current assets 252 252
Total current assets 14,251 16,468
Capitalized software development costs, net 2,743 2,992
Property and equipment, net 369 331
Operating lease right-of-use assets 307 340
Intangible assets, net 169 178
Investment in equity securities 263
Other assets 266 326
Total assets 18,368 20,635
Current liabilities    
Accounts payable 618 731
Accrued expenses 2,313 2,326
Contract liabilities 238 134
Accrued payroll 341 425
Accrued officers’ compensation 534
Note payable, current 20
Operating lease liabilities, current 134 124
Total current liabilities 3,644 4,294
Long-term liabilities    
Note payable, non-current 98
Operating lease liabilities, non-current 183 222
Total liabilities 3,827 4,614
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value, 200,000,000 shares authorized, 1,113,143 and 993,120 shares issued and outstanding as of March 31, 2025 and December 31, 2024 1 1
Additional paid-in capital 204,253 203,295
Accumulated deficit (189,658) (187,094)
Total stockholders’ equity in Verb Technology Company, Inc. 14,596 16,202
Non-controlling interests (55) (181)
Total stockholders’ equity 14,541 16,021
Total liabilities and stockholders’ equity $ 18,368 $ 20,635