TON Strategy Co
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash | $7,617 | $4,353 |
| Restricted cash | 878 | - |
| Accounts receivable, net of allowance for credit losses of $0 and $0 as of December 31, 2024 and 2023, respectively | 350 | - |
| ERC receivable – short-term | 2,458 | - |
| Short-term investments - trading | 4,913 | - |
| Prepaid expenses and other current assets | 252 | 331 |
| Total current assets | 16,468 | 4,684 |
| Capitalized software development costs, net | 2,992 | 3,990 |
| ERC receivable – long-term | - | 1,528 |
| Property and equipment, net | 331 | 43 |
| Operating lease right-of-use assets | 340 | 218 |
| Intangible assets, net | 178 | 117 |
| Other non-current assets | 326 | 259 |
| Total assets | $20,635 | $10,839 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $731 | $1,408 |
| Accrued expenses | 2,326 | 2,324 |
| Contract liabilities | 134 | - |
| Accrued payroll | 425 | 420 |
| Accrued officers’ compensation | 534 | 648 |
| Notes payable, current | 20 | 1,787 |
| Accrued interest | - | 533 |
| Operating lease liabilities, current | 124 | 67 |
| Derivative liability | - | 1 |
| Total current liabilities | 4,294 | 7,188 |
| Long-term liabilities | ||
| Notes payable, non-current | 98 | 362 |
| Operating lease liabilities, non-current | 222 | 164 |
| Total liabilities | 4,614 | 7,714 |
| Commitments and contingencies (Note 16) | - | - |
| Stockholders’ equity | ||
| Series C Preferred Stock, $0.0001 par value, 5,000 shares authorized, 0 and 3,000 shares issued and outstanding as of December 31, 2024 and 2023 | - | 2,980 |
| Common stock, $0.0001 par value, 400,000,000 shares authorized, 993,120 and 106,157 shares issued and outstanding as of December 31, 2024 and 2023 | 1 | 1 |
| Additional paid-in capital | 203,295 | 175,766 |
| Accumulated deficit | (187,094) | (175,622) |
| Stockholders’ equity in Verb Technology Company, Inc. | 16,202 | 3,125 |
| Non-controlling interests | (181) | - |
| Total stockholders’ equity | 16,021 | 3,125 |
| Total liabilities and stockholders’ equity | $20,635 | $10,839 |
VERB TECHNOLOGY COMPANY, INC.
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