VerifyMe Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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.
FY2024 · Filed Mar 12, 2025
VRME$8.98+10.3%Stored close · as of Sep 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Years Ended | ||||
|---|---|---|---|---|
| December 31, 2024 · December 31, 2023 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(3,824) | $(3,390) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||
| Allowance for bad debt | 49 | 139 | ||
| Stock based compensation | 255 | 200 | ||
| Loss on equity investment | - | 100 | ||
| Loss on sale of business | 134 | - | ||
| Change in fair value of contingent consideration | (836) | (201) | ||
| Fair value of restricted stock awards and restricted stock units issued in exchange for services | 1,300 | 1,475 | ||
| Loss on disposal of equipment | - | 2 | ||
| Impairments | 2,301 | 190 | ||
| Amortization and depreciation | 1,212 | 1,134 | ||
| Unrealized gain on foreign currency transactions | (24) | (25) | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 298 | 1,295 | ||
| Unbilled revenue | 521 | (96) | ||
| Inventory | - | (57) | ||
| Prepaid expenses and other current assets | 115 | 9 | ||
| Accounts payable, other accrued expenses and net change in operating leases | (630) | (531) | ||
| Net cash provided by operating activities | 871 | 244 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of patents | (12) | (62) | ||
| Leasehold improvements | - | (8) | ||
| Purchase of office equipment | (7) | (27) | ||
| Cash paid in business combination | - | (363) | ||
| Deferred implementation costs | - | (58) | ||
| Capitalized software costs | (504) | (677) | ||
| Cash from sale of business assumed by the buyer | (52) | - | ||
| Net cash used in investing activities | (575) | (1,195) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from line of credit | - | 1,800 | ||
| Proceeds from convertible debt | - | 1,100 | ||
| Proceeds from SPP Plan | 21 | 80 | ||
| Contingent consideration payments | (53) | - | ||
| Tax withholding payments for employee stock-based compensation in exchange for shares surrendered | (66) | (36) | ||
| Increase in treasury shares (share repurchase program) | (18) | (10) | ||
| Repayment of debt and line of credit | (500) | (2,300) | ||
| Net cash (used in) provided by financing activities | (616) | 634 | ||
| Effect of exchange rate changes on cash | 48 | 1 | ||
| NET DECREASE IN CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH | (272) | (316) | ||
| CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH- BEGINNING OF PERIOD | 3,095 | 3,411 | ||
| CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH - END OF PERIOD | $2,823 | $3,095 | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
| Cash paid during the period for: | ||||
| Interest | $178 | $165 | ||
| Income taxes | $ | - | $ | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||
| Change in fair value of interest rate, swap | $8 | $7 | ||
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