Verb Technology Company Inc.

04/25/2024 | Press release | Distributed by Public on 04/25/2024 14:31

Material Event - Form 8-K

Exhibit 99.1

VERB TECHNOLOGY COMPANY, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(in thousands, except share and per share data)

March 31, 2024
ASSETS
Current assets
Cash $ 14,182
Prepaid expenses and other current assets 313
Total current assets 14,495
Capitalized software development costs, net 3,741
ERC receivable 1,528
Property and equipment, net 60
Operating lease right-of-use assets 208
Intangible assets, net 135
Other non-current assets 259
Total assets $ 20,426
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $ 1,083
Accrued expenses 3,015
Accrued officers' compensation 901
Notes payable, current 1,024
Preferred dividends payable 75
Operating lease liabilities, current 70
Total current liabilities 6,168
Long-term liabilities
Notes payable, non-current 113
Operating lease liabilities, non-current 144
Total liabilities 6,425
Commitments and contingencies
Stockholders' equity
Series C Preferred Stock, $0.0001 par value, 5,000 shares authorized, 3,000 shares issued and outstanding as of March 31, 2024 2,980
Class A units, 3 shares issued and authorized as of March 31, 2024 -
Common stock, $0.0001 par value, 400,000,000 shares authorized, 79,300,788 shares issued and outstanding as of March 31, 2024 8
Additional paid-in capital 190,155
Accumulated deficit (179,142 )
Total stockholders' equity 14,001
Total liabilities and stockholders' equity $ 20,426