VerifyMe Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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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.
FY2024 · Filed Mar 12, 2025
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Item 14. Principal Accountant Fees and Services
Policy on Pre-Approval of Retention of Independent Registered Public Accounting Firm
The Audit Committee pre-approves all audit and permissible non-audit services on a case-by-case basis. In its review of non-audit services, the Audit Committee considers whether the engagement could compromise the independence of our independent registered public accounting firm, and whether the reasons of efficiency or convenience is in our best interest to engage our independent registered public accounting firm to perform the services. All of the services provided, and fees charged by MaloneBailey were approved by our Audit Committee.
Independence Analysis by Audit Committee
The Audit Committee considered whether the provision of the services described above was compatible with maintaining the independence of MaloneBailey and determined that the provision of these services was compatible with the firm’s independence.
Fees for Professional Services Provided by MaloneBailey, LLP
The following table shows fees for professional services provided by MaloneBailey during the fiscal year ended December 31, 2024, which we refer to as fiscal year 2024 and the fiscal year ended December 31, 2023, which we refer to as fiscal year 2023.
| Fiscal Year 2024 | Fiscal Year 2023 | |
|---|---|---|
| Audit Fees (1) | $263,165 | $243,756 |
| Audit-Related Fees (2) | - | - |
| Tax Fees (3) | 24,546 | 15,450 |
| All Other Fees (4) | - | 3,700 |
| Total | $287,711 | $262,906 |
| (1) | Audit fees relate to services rendered for the audits of our annual financial statements, for the review of our quarterly financial statements, and for services that are normally provided by the auditor in connection with statutory and regulatory filings or engagements. |
| (2) | Audit-related fees consist of fees for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and are not reporter under “Audit Fees.” |
| (3) | Tax fees relate to services performed in connection with the Company’s annual tax return. |
| (4) | All other fees relate to services rendered in connection with our registration statement filings with the SEC. |
Part IV
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.