VerifyMe, Inc. company info

CIK 1104038
IRS Number 233023677
State of incorporation NV
Business address 409 BOOT ROAD
None
DOWNINGTOWN
PA
19335
Mail address 409 BOOT ROAD
None
DOWNINGTOWN
PA
19335

Short summary

VerifyMe, Inc. is a Pennsylvania company, with head office located at 409 Boot Road Downingtown, Pennsylvania 19335. In 2017 the company owned a total of 2.53 million USD worth of assets, including 2.35 million USD worth of current assets. 2012 was the year when the company amassed the most assets.

VerifyMe, Inc. Income Statement

Name [in Millions USD]200020012002200320042005200620072008200920102011201220132014201520162017Trends
Revenue, Net 0.010.020.000.120.220.04
Gross Profit 0.040.020.050.010.010.000.010.150.01
Research and development 0.020.020.010.010.010.6610.592.410.250.13
Operating Expenses 0.570.530.530.541.0911.6413.585.393.752.84
Operating Income (Loss) -0.53-1.08-11.64-13.57-5.24-3.73-2.84
Interest expense 0.410.190.250.320.280.130.200.060.010.22
Income Tax Expense (Benefit)
Net income -0.37-1.05-1.20-1.11-1.41-1.27-1.61-1.12-0.93-0.69-0.72-0.67-1.20-16.39-7.92-2.30-1.65-3.39

VerifyMe, Inc. Balance Sheet

Name [in Millions USD]200020012002200320042005200620072008200920102011201220132014201520162017Trends
Cash and cash equivalents 0.000.020.080.152.870.111.010.220.542.32
Accounts Receivable, Net, Current 0.010.060.060.010.01
Inventories 0.020.020.020.030.030.080.070.040.030.01
Property, Plant and Equipment, Gross 0.030.030.240.240.240.200.20
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.030.030.030.030.020.130.200.230.200.20
Other Assets, Noncurrent 0.160.140.250.23
Total assets 0.180.200.420.304.470.701.500.520.812.53
Current assets 0.030.050.280.194.130.431.330.270.582.35
Total current liabilities 0.891.191.492.080.480.900.741.171.070.49
Total liabilities 7.813.922.51
Common Stock, Value, Issued 0.070.130.160.170.270.340.010.010.040.10
Retained Earnings (Accumulated Deficit) -29.78-38.92-39.92-42.46-58.25

VerifyMe, Inc. Cash Flow

Name [in Millions USD]200020012002200320042005200620072008200920102011201220132014201520162017Trends
Net income -0.37-1.05-1.20-1.11-1.41-1.27-1.61-1.12-0.93-0.69-0.72-0.67-1.20-16.39-7.92-2.30-1.65-3.39
Depreciation and amortization 0.010.010.010.010.010.080.080.090.030.04
Depreciation 00.000.070.070.070.000
Amortization of Intangible Assets
Deferred Income Tax Expense (Benefit) 0.100.263.28-0.37-0.39-0.43
Accounts receivable 0.00-0.000.01-0.010.000.00-0.00-0.07
Inventories -0.01-0.000.000.01-0.020.010.06-0.00-0.01-0.02
Deferred revenue 0.02-0.02
Net Cash Provided by (Used in) Operating Activities -0.37-0.27-0.37-0.31-1.34-0.94
Payments to Acquire Property, Plant, and Equipment 0.000.010.00
Payments to Acquire Intangible Assets 0.000.010.020.000.00
Net Cash Provided by (Used in) Investing Activities -0.01-0.00-0.00-0.00-0.00
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.00-0.01-0.03-0.00
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.02
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.02
Proceeds from Issuance of Common Stock 0.402.060.240.051.33
Payments for Repurchase of Common Stock -0.02
Net Cash Provided by (Used in) Financing Activities 0.370.300.420.291.361.61
Cash and Cash Equivalents, Period Increase (Decrease) 0.000.020.05-0.022.94-1.71-1.22-0.060.020.67