VerifyMe Inc
For the period ended Mar 31, 2025. Filed May 13, 2025.
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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.
Mar 31, 2025 · Filed May 13, 2025
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 Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
(In thousands)
| Three months ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(571) | $(553) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Allowance for doubtful accounts | - | 10 |
| Stock based compensation | 41 | 46 |
| Change in fair value of contingent consideration | - | (132) |
| Fair value of restricted stock awards and restricted stock units issued in exchange for services | 292 | 412 |
| Impairments | - | 4 |
| Amortization and depreciation | 286 | 299 |
| Gain on partial lease termination | (6) | - |
| Unrealized loss on foreign currency transactions | - | 53 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,681 | 1,804 |
| Unbilled revenue | 92 | 363 |
| Inventory | 7 | 7 |
| Prepaid expenses and other current assets | (203) | (8) |
| Accounts payable, other accrued expenses and net change in operating leases | (2,023) | (2,365) |
| Net cash used in operating activities | (404) | (60) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of patents | - | (11) |
| Purchase of office equipment | - | (2) |
| Capitalized software costs | (156) | (97) |
| Net cash used in investing activities | (156) | (110) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from Warrants Exercise | 4,348 | - |
| Proceeds from SPP Plan | - | 21 |
| Tax withholding payments for employee stock-based compensation in exchange for shares surrendered | (29) | (1) |
| Increase in treasury shares (share repurchase program) | - | (1) |
| Repayment of debt and line of credit | (875) | (125) |
| Net cash provided by (used in) financing activities | 3,444 | (106) |
| Effect of exchange rate changes on cash | - | (1) |
| NET INCREASE(DECREASE) CASH AND CASH EQUIVALENTS | 2,884 | (277) |
| CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH- BEGINNING OF PERIOD | 2,823 | 3,095 |
| CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH- END OF PERIOD | $5,707 | $2,818 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
|---|---|---|---|---|
| Cash paid during the period for: | ||||
| Interest | $40 | $70 | ||
| Income taxes | $ | - | $ | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||
| Lease modification | $7 | $ | - | |
| Conversion of convertible note and accrued interest | $360 | $ | - | |
| Change in fair value of interest rate, swap | $12 | $3 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.