Verb Technology Company, Inc. (VERB) financial statements (2021 and earlier)

Company profile

Business Address 782 S. AUTO MALL DRIVE
AMERICAN FORK, UT 84003
State of Incorp. NV
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments211000
Cash and cash equivalents211000
Receivables110 0 
Inventory, net of allowances, customer advances and progress billings00    
Inventory00    
Prepaid expense10000 
Other undisclosed current assets     0
Total current assets:431000
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment110000
Intangible assets, net (including goodwill)2522    
Goodwill2016    
Intangible assets, net (excluding goodwill)55    
Other undisclosed noncurrent assets00000 
Total noncurrent assets:29260000
TOTAL ASSETS:33281000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:541101
Employee-related liabilities10010 
Interest and dividends payable00000 
Other undisclosed accounts payable and accrued liabilities441(0)01
Deferred revenue00
Debt001001
Deferred compensation liability1     
Derivative instruments and hedges, liabilities8531  
Due to related parties00000 
Other undisclosed current liabilities31043 
Total current liabilities:17115641
Noncurrent Liabilities
Long-term debt and lease obligation44    
Long-term debt, excluding current maturities1     
Operating lease, liability34
Liabilities, other than long-term debt121  1
Deferred compensation liability, classified11    
Due to related parties 11  1
Total noncurrent liabilities:561  1
Total liabilities:22176643
Stockholders' equity
Stockholders' equity attributable to parent, including:1111(5)(6)(3)(2)
Common stock000000
Common stock, share subscribed but unissued, subscriptions receivable   0(0) 
Additional paid in capital896836231815
Accumulated deficit(82)(57)(41)(29)(21)(17)
Other undisclosed stockholders' equity attributable to parent3     
Total stockholders' equity:1111(5)(6)(3)(2)
TOTAL LIABILITIES AND EQUITY:33281000

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues109000 
Revenue, net0  
Other income    0 
Cost of revenue(5)(5)(0)(1)  
Financial services costs(1)  
Gross profit:54(0)(1)0 
Operating expenses(30)(20)85(3)(7)
Other undisclosed operating loss   (9)(0) 
Operating income (loss):(25)(16)8(5)(3)(7)
Nonoperating expense(0)(0)(0)(3)(1) 
Other nonoperating income (expense)0(0)(0)(3)(1) 
Interest and debt expense(0)2(1)(1)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(25)(14)7(8)(4)(7)
Other undisclosed income from continuing operations before income taxes0     
Income (loss) from continuing operations before income taxes:(25)(14)7(8)(4)(7)
Income tax expense (benefit)(0)0(0)(0)(0) 
Net income (loss):(25)(14)7(8)(4)(7)
Other undisclosed net income (loss) attributable to parent (2)(19)10 
Net loss attributable to parent:(25)(16)(12)(7)(4)(7)
Preferred stock dividends and other adjustments(4)  1  
Net loss available to common stockholders, diluted:(29)(16)(12)(7)(4)(7)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(25)(14)7(8)(4)(7)
Comprehensive income (loss), net of tax, attributable to parent:(25)(14)7(8)(4)(7)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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