Verb Technology Company, Inc. (VERB) Financial Statements (2024 and earlier)

Company Profile

Business Address 2700 S LAS VEGAS BLVD
LAS VEGAS, NV 89109
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,5263,7902,4299215,5473,718
Cash and cash equivalents3,5263,7902,4299215,5473,718
Receivables  1,2511,0241,4381,8161,536
Prepaid expense  525605738894714
Deferred costs      
Other undisclosed current assets238     
Total current assets:3,7645,5664,0583,0978,2575,968
Noncurrent Assets
Operating lease, right-of-use asset1,2201,3711,4731,6241,6731,548
Property, plant and equipment449497537582627646
Long-term investments and receivables1,5281,5281,528   
Accounts and financing receivable, after allowance for credit loss1,5281,5281,528   
Intangible assets, net (including goodwill)8310,34310,41422,73023,08223,433
Goodwill  9,5819,58119,76419,76419,764
Intangible assets, net (excluding goodwill)837628332,9663,3183,669
Deferred costs5,1225,6616,1766,4446,4616,207
Other noncurrent assets294     
Other undisclosed noncurrent assets  306306306306293
Total noncurrent assets:8,69619,70620,43431,68632,14932,127
TOTAL ASSETS:12,46025,27224,49234,78340,40638,095
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,2196,6406,2843,8333,4133,598
Accounts payable2,7864,7394,638   
Accrued liabilities1,4331,9011,646   
Other undisclosed accounts payable and accrued liabilities    3,8333,4133,598
Deferred revenue  1,4451,3401,5491,6141,062
Debt 6,3705,6726,8204,1714,1202,135
Derivative instruments and hedges, liabilities162142227959932,017
Due to related parties765  5,767
Other undisclosed current liabilities2,1442,5321,0996,0484,0204,945
Total current liabilities:12,74916,50316,53016,39614,16019,524
Noncurrent Liabilities
Long-term debt and lease obligation1501501,2151,8552,7162,749
Long-term debt, excluding current maturities1501501,215150875875
Liabilities, other than long-term debt1,3791,4811,581   
Operating lease, liability1,3791,4811,5811,7051,8411,874
Other undisclosed noncurrent liabilities    (1,705)(1,841)(1,874)
Total noncurrent liabilities:1,5291,6312,7961,8552,7162,749
Total liabilities:14,27818,13419,32618,25116,87622,273
Temporary equity, carrying amount  5    
Equity
Equity, attributable to parent(1,818)7,1335,16616,53223,53015,822
Common stock111210108
Additional paid in capital167,179166,274158,618153,940152,910138,830
Accumulated deficit(168,998)(159,142)(153,464)(137,418)(129,390)(123,016)
Total equity:(1,818)7,1335,16616,53223,53015,822
TOTAL LIABILITIES AND EQUITY:12,46025,27224,49234,78340,40638,095

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,6012,2152,1582,1872,3992,691
Cost of revenue(1)(699)(767)(736)(835)(973)
Other undisclosed gross profit (1,598)     
Gross profit:21,5161,3911,4511,5641,718
Operating expenses(3,268)(6,105)(18,425)(9,127)(8,339)(9,025)
Operating loss:(3,266)(4,589)(17,034)(7,676)(6,775)(7,307)
Nonoperating income (expense)(510)(925)988(352)401318
Other nonoperating income (expense)831401,414 19(64)
Interest and debt expense(299)(144)(999)(550)(642)(756)
Loss from continuing operations:(4,075)(5,658)(17,045)(8,578)(7,016)(7,745)
Loss before gain (loss) on sale of properties:(8,578)(7,016)(7,745)
Other undisclosed net loss (2,005)     
Net loss:(6,080)(5,658)(17,045)(8,578)(7,016)(7,745)
Other undisclosed net income (loss) attributable to parent(3,776)144999550642756
Net loss attributable to parent:(9,856)(5,514)(16,046)(8,028)(6,374)(6,989)
Other undisclosed net loss available to common stockholders, basic  (164)(246)   
Net loss available to common stockholders, diluted:(9,856)(5,678)(16,292)(8,028)(6,374)(6,989)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(6,080)(5,658)(17,045)(8,578)(7,016)(7,745)
Comprehensive loss, net of tax, attributable to parent:(6,080)(5,658)(17,045)(8,578)(7,016)(7,745)

Statements Sources

The financial statements are based on the Company's filings with 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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