VerifyMe Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 29, 2024
VRME$8.98+10.3%Stored close · as of Sep 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
| December 31, 2023 · December 31, 2022 | |||
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents including restricted cash | $3,095 | $3,411 | |
| Accounts receivable, net of allowance for credit loss reserve, $165 and $37 as of December 31, 2023 and December 31, 2022, respectively | 3,017 | 4,448 | |
| Unbilled revenue | 1,282 | 1,185 | |
| Prepaid expenses and other current assets | 254 | 333 | |
| Inventory | 38 | 81 | |
| TOTAL CURRENT ASSETS | 7,686 | 9,458 | |
| PROPERTY AND EQUIPMENT, NET | $240 | $292 | |
| RIGHT OF USE ASSET | 468 | 469 | |
| INTANGIBLE ASSETS, NET | 6,927 | 6,545 | |
| GOODWILL | 5,384 | 3,988 | |
| TOTAL ASSETS | $20,705 | $20,752 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| CURRENT LIABILITIES | |||
| Term note, current | $500 | $500 | |
| Accounts payable | 3,310 | 3,912 | |
| Other accrued expense | 988 | 902 | |
| Lease liability- current | 170 | 115 | |
| Contingent liability-current | 173 | - | |
| TOTAL CURRENT LIABILITIES | 5,141 | 5,429 | |
| LONG-TERM LIABILITIES | |||
| Contingent liability, non-current | $751 | $ | - |
| Long-term lease liability | 307 | 359 | |
| Long-term derivative liability | - | 3 | |
| Term note | 875 | 1,375 | |
| Convertible note – related party | 475 | - | |
| Convertible note | 625 | - | |
| TOTAL LIABILITIES | $8,174 | $7,166 | |
| STOCKHOLDERS' EQUITY | |||
| Series A Convertible Preferred Stock, $0.001 par value, 37,564,767 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | - | - | |
| Series B Convertible Preferred Stock, $0.001 par value; 85 shares authorized; 0.85 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | - | - | |
| Common stock, $0.001 par value; 675,000,000 shares authorized;10,453,315 and 9,341,002 shares issued, 10,123,964 and 8,951,035 shares outstanding as of December 31, 2023 and December 31, 2022, respectively | 10 | 10 | |
| Additional paid in capital | 95,031 | 92,987 | |
| Treasury stock as cost; 329,351 and 389,967 shares at December 31, 2023 and December 31, 2022, respectively | (659) | (949) | |
| Accumulated deficit | (81,849) | (78,459) | |
| Accumulated other comprehensive loss | (2) | (3) | |
| STOCKHOLDERS' EQUITY | 12,531 | 13,586 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $20,705 | $20,752 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.