Verb Technology Company Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
TONX$2.95+7.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash | $4,353 | $2,429 |
| Assets held for sale - current | - | 1,323 |
| Prepaid expenses and other current assets | 331 | 306 |
| Total current assets | 4,684 | 4,058 |
| Assets held for sale – non-current | - | 10,467 |
| Capitalized software development costs, net | 3,990 | 6,176 |
| ERC receivable | 1,528 | 1,528 |
| Property and equipment, net | 43 | 533 |
| Operating lease right-of-use assets | 218 | 1,354 |
| Intangible assets, net | 117 | 83 |
| Other non-current assets | 259 | 293 |
| Total assets | $10,839 | $24,492 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $1,408 | $3,975 |
| Liabilities related to assets held for sale | - | 2,483 |
| Liabilities of discontinued operations | - | 1,641 |
| Accrued expenses | 2,324 | 526 |
| Accrued payroll | 420 | 528 |
| Accrued officers’ compensation | 648 | 764 |
| Notes payable – related party, current | - | 765 |
| Notes payable, current | 1,787 | 3,704 |
| Convertible notes payable, current | - | 1,334 |
| Accrued interest | 533 | 233 |
| Operating lease liabilities, current | 67 | 355 |
| Derivative liability | 1 | 222 |
| Total current liabilities | 7,188 | 16,530 |
| Long-term liabilities | ||
| Notes payable, non-current | 362 | 1,215 |
| Operating lease liabilities, non-current | 164 | 1,581 |
| Total liabilities | 7,714 | 19,326 |
| Commitments and contingencies (Note 16) | - | - |
| Stockholders’ equity | ||
| Series C Preferred Stock, $0.0001 par value, 5,000 shares authorized, 3,000 and 0 shares issued and outstanding as of December 31, 2023 and 2022 | 2,980 | - |
| Class A units, 3 shares issued and authorized as of December 31, 2023 and 2022 | - | - |
| Common stock, $0.0001 par value, 400,000,000 shares authorized, 21,231,355 and 2,918,017 shares issued and outstanding as of December 31, 2023 and 2022 | 2 | 1 |
| Additional paid-in capital | 175,765 | 158,629 |
| Accumulated deficit | (175,622) | (153,464) |
| Total stockholders’ equity | 3,125 | 5,166 |
| Total liabilities and stockholders’ equity | $10,839 | $24,492 |
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