VerifyMe, Inc. Unveils Key Financial Insights in Form 8-K Report

Here are the key insights extracted from the provided financial report section:

1. Entity Information:

• Name: VerifyMe, Inc.
• CIK: 0001104038
• Location: 801 International Parkway, Fifth Floor, Lake Mary, FL 32746
• Contact: (585) 736-9400

2. SEC Filing Details:

• Filing Type: Form 8-K
• Filing Date: January 16, 2025
• SEC File Number: 001-39332
• EIN: 23-3023677

3. Stock Information:

• Common Stock:
• • Par Value: $0.001 per share
  • Ticker Symbol: VRME (traded on NASDAQ)
• Warrants:
• • Warrants to Purchase Common Stock
  • Ticker Symbol: VRMEW (traded on NASDAQ)

4. Contextual Information:

• The report indicates specific contexts for various items such as Common Stock and Warrants, suggesting important classifications for financial reporting.
• The reporting period for the data is January 16, 2025, indicating a specific snapshot of the company's financial position on that date.

5. Units of Measure:

• The report uses USD (US Dollars) and shares as units of measure, illustrating that the financial data being reported is in monetary terms as well as in share quantities.

6. Segment Information:

• The report includes specific segment identifiers, which suggest that the company may categorize its financial data according to different classes of stock.

Insights:

• The filing is a significant update regarding VerifyMe, Inc.'s stock and warrants, which could impact investor decisions.
• The par value of the common stock is relatively low, which may indicate a growth-oriented strategy or a startup phase.
• The presence of warrants suggests that the company may be seeking to incentivize investment or raise additional capital through equity financing.

This information is crucial for investors, analysts, and stakeholders interested in the company’s financial health and market strategies.