Verb Technology Company Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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.
FY2023 · Filed Apr 1, 2024
TONX$3.22+9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating Activities: | ||
| Net loss | $(21,994) | $(37,437) |
| Loss from discontinued operations, net of tax | 7,150 | 21,479 |
| Adjustments to reconcile net loss used in operating activities, net of discontinued operations: | ||
| Depreciation and amortization | 2,331 | 1,108 |
| Share-based compensation | 2,503 | 4,455 |
| Amortization of debt discount | 310 | 341 |
| Amortization of debt issuance costs | 241 | 487 |
| Non-cash finance costs | 1,239 | - |
| Gain on lease termination | (263) | - |
| Loss on disposal of property and equipment | - | 14 |
| Change in fair value of derivative liability | (221) | (2,933) |
| Effect of changes in assets and liabilities, net of discontinued operations: | ||
| Prepaid expenses and other current assets | 85 | (220) |
| ERC receivable | - | (1,528) |
| Operating lease right-of-use assets | 195 | 342 |
| Other assets | 13 | - |
| Accounts payable, accrued expenses, and accrued interest | (251) | 983 |
| Deferred incentive compensation | - | (377) |
| Operating lease liabilities | (80) | (397) |
| Net cash used in operating activities attributable to continuing operations | (8,742) | (13,683) |
| Net cash used in operating activities attributable to discontinued operations | (1,855) | (5,723) |
| Investing Activities: | ||
| Capitalized software development costs | (239) | (4,645) |
| Purchases of property and equipment | (32) | (20) |
| Purchases of intangible assets | (35) | (82) |
| Net cash used in investing activities attributable to continuing operations | (306) | (4,747) |
| Net cash provided by (used in) investing activities attributable to discontinued operations | 4,750 | (1) |
| Financing Activities: | ||
| Proceeds from sale of common stock | 9,215 | 24,056 |
| Proceeds from sale of Series C Preferred Stock | 2,980 | - |
| Proceeds from notes payable | 1,000 | 5,020 |
| Proceeds from convertible notes payable | - | 6,000 |
| Payment of convertible note payable – related party | (765) | - |
| Payment of notes payable | (388) | - |
| Payment of convertible notes payable | (1,350) | (4,950) |
| Proceeds from option exercise | - | 377 |
| Payment for debt issuance costs | - | (780) |
| Net cash provided by financing activities attributable to continuing operations | 10,692 | 29,723 |
| Net cash used in financing activities attributable to discontinued operations | (2,615) | (4,077) |
| Net change in cash | 1,924 | 1,492 |
| Cash - beginning of period | 2,429 | 937 |
| Cash - end of period | $4,353 | $2,429 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.