VerifyMe, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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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.
FY2025 · Filed Mar 31, 2026
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, 2025 · December 31, 2024 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(4,905) | $(3,824) | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Allowance for expected credit losses | 8 | 49 | |
| Stock based compensation | 86 | 255 | |
| Loss on sale of business | - | 134 | |
| Change in fair value of contingent consideration | - | (836) | |
| Fair value of restricted stock awards and restricted stock units issued in exchange for services | 715 | 1,300 | |
| Loss on disposal of equipment | 58 | - | |
| Impairment on goodwill and intangible assets | 3,850 | 2,301 | |
| Amortization and depreciation | 984 | 1,212 | |
| Gain on lease termination | (8) | - | |
| Unrealized gain on foreign currency transactions | - | (24) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,782 | 298 | |
| Unbilled revenue | 395 | 521 | |
| Inventory | 17 | - | |
| Prepaid expenses and other current assets | (33) | 115 | |
| Accounts payable, other accrued expenses and net change in operating leases | (2,346) | (630) | |
| Net cash provided by operating activities | 603 | 871 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of patents | - | (12) | |
| Issuance of note receivable | (2,000) | - | |
| Purchase of office equipment | (18) | (7) | |
| Capitalized software costs | (715) | (504) | |
| Cash from sale of business assumed by the buyer | - | (52) | |
| Net cash used in investing activities | (2,733) | (575) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from warrant exercise | 4,348 | - | |
| Proceeds from ATM | 475 | - | |
| Proceeds from SPP Plan | - | 21 | |
| Contingent consideration payments | - | (53) | |
| Tax withholding payments for employee stock-based compensation in exchange for shares surrendered | (67) | (66) | |
| Increase in treasury shares (share repurchase program) | (221) | (18) | |
| Repayment of debt and line of credit | (875) | (500) | |
| Net cash provided by (used in) financing activities | 3,660 | (616) | |
| Effect of exchange rate changes on cash | - | 48 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | 1,530 | (272) | |
| CASH AND CASH EQUIVALENTS INCLUDING RESTRICTED CASH - BEGINNING OF PERIOD | 2,823 | 3,095 | |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $4,353 | $2,823 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash paid during the period for: | |||
| Interest | $70 | $178 | |
| Income taxes | $24 | $24 | |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Lease modification | $9 | $ | - |
| Conversion of convertible note to common stock and accrued interest | $360 | $ | - |
| Change in fair value of interest rate, swap | $12 | $8 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.