VerifyMe Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 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 (Unaudited)
Consolidated Balance Sheets
| As of | |||
|---|---|---|---|
| September 30, 2024 · December 31, 2023 | |||
| (Unaudited) | |||
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents including restricted cash | $2,610 | $3,095 | |
| Accounts receivable, net of allowance for credit loss reserve, $117 and $165 as of September 30, 2024 and December 31, 2023, respectively | 1,200 | 3,017 | |
| Unbilled revenue | 786 | 1,282 | |
| Prepaid expenses and other current assets | 205 | 254 | |
| Inventory | 19 | 38 | |
| TOTAL CURRENT ASSETS | 4,820 | 7,686 | |
| PROPERTY AND EQUIPMENT, NET | $159 | $240 | |
| RIGHT OF USE ASSET | 339 | 468 | |
| INTANGIBLE ASSETS, NET | 5,523 | 6,927 | |
| GOODWILL | 3,988 | 5,384 | |
| TOTAL ASSETS | $14,829 | $20,705 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| CURRENT LIABILITIES | |||
| Term note, current | $500 | $500 | |
| Accounts payable | 1,622 | 3,310 | |
| Other accrued expense | 455 | 988 | |
| Lease liability- current | 166 | 170 | |
| Contingent liability- current | 22 | 173 | |
| TOTAL CURRENT LIABILITIES | 2,765 | 5,141 | |
| LONG-TERM LIABILITIES | |||
| Contingent liability, non-current | $ | - | $751 |
| Long-term lease liability | 184 | 307 | |
| Term note | 500 | 875 | |
| Convertible Note – related party | 450 | 475 | |
| Convertible Note | 650 | 625 | |
| TOTAL LIABILITIES | $4,549 | $8,174 | |
| STOCKHOLDERS' EQUITY | |||
| Series A Convertible Preferred Stock, $.001 par value, 37,564,767 shares authorized; 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | - | - | |
| Series B Convertible Preferred Stock, $.001 par value; 85 shares authorized; 0.85 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | - | - | |
| Common stock, $0.001 par value; 675,000,000 authorized; 10,715,065 and 10,453,315 issued, 10,444,698 and 10,123,964 shares outstanding as of September 30, 2024 and December 31, 2023, respectively | 11 | 10 |
|---|---|---|
| Additional paid in capital | 95,991 | 95,031 |
| Treasury stock at cost; 270,367 and 329,351 shares at September 30, 2024 and December 31, 2023, respectively | (464) | (659) |
| Accumulated deficit | (85,172) | (81,849) |
| Accumulated other comprehensive loss | (86) | (2) |
| STOCKHOLDERS' EQUITY | 10,280 | 12,531 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $14,829 | $20,705 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.