TON Strategy Co

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About 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.

FY2024 · Filed Mar 25, 2025

TONX$2.95+7.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Years Ended December 31,
2024 · 2023
Revenue		$895	$63
Costs and expenses
Cost of revenue, exclusive of depreciation and amortization shown separately below		224	19
Depreciation and amortization		1,077	2,331
General and administrative		11,238	11,508
Total costs and expenses		12,539	13,858
Operating loss from continuing operations		(11,644)	(13,795)
Other income (expense), net
Interest income		692	-
Unrealized loss on short-term investments		(44)	-
Interest expense		(237)	(1,193)
Financing costs		(90)	(1,239)
Other income, net		812	1,162
Change in fair value of derivative liability		1	221
Total other income (expense), net		1,134	(1,049)
Net loss from continuing operations		(10,510)	(14,844)
Loss from discontinued operations, net of tax		-	(7,150)
Net loss		(10,510)	(21,994)
Less: Net loss attributable to non-controlling interests		(181)	-
Net loss attributable to Verb Technology Company, Inc.		(10,329)	(21,994)
Series C Preferred Stock dividend payable		(243)	-
Deemed dividend due to Series C redemption		(900)	-
Deemed dividend due to warrant reset		-	(164)
Net loss to common stockholders		$(11,472)	$(22,158)
Loss per share from continuing operations– basic and diluted		$(19.36)	$(441.48)
Loss per share from discontinued operations– basic and diluted	$	-	$(210.33)
Weighted average number of common shares outstanding – basic and diluted		592,478	33,995

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.