v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 4,350 $ 7,617
Restricted cash 883 878
Accounts receivable, net of allowance for credit losses of $0 and $0 as of June 30, 2025 and December 31, 2024, respectively 616 350
ERC receivable – short-term 734 2,458
Short-term investments - trading 5,125 4,913
Prepaid expenses and other current assets 191 252
Total current assets 11,899 16,468
Capitalized software development costs, net 2,585 2,992
Property and equipment, net 342 331
Operating lease right-of-use assets 273 340
Intangible assets, net 1,061 178
Goodwill 5,165
Convertible notes receivable 1,155
Investment in equity securities 563
Bifurcated embedded derivative asset 350
Other assets 266 326
Total assets 23,659 20,635
Current liabilities    
Accounts payable 425 731
Accrued expenses 2,062 2,326
Contract liabilities 178 134
Accrued payroll 394 425
Accrued officers’ compensation 284 534
Note payable, current 20
Operating lease liabilities, current 138 124
Preferred dividend payable 85
Total current liabilities 3,566 4,294
Long-term liabilities    
Note payable, non-current 98
Contingent liability, non-current 600
Operating lease liabilities, non-current 144 222
Total liabilities 4,310 4,614
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value, 400,000,000 shares authorized, 1,417,955 and 993,120 shares issued and outstanding as of June 30, 2025 and December 31, 2024 1 1
Additional paid-in capital 206,498 203,295
Accumulated deficit (192,119) (187,094)
Total stockholders’ equity in Verb Technology Company, Inc. 19,380 16,202
Non-controlling interests (31) (181)
Total stockholders’ equity 19,349 16,021
Total liabilities and stockholders’ equity 23,659 20,635
Series D Preferred Stock [Member]    
Stockholders’ equity    
Series D Preferred Stock, $0.0001 par value, 7,500 shares authorized, 5,000 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024 $ 5,000