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VerifyMe, Inc. – ‘10-K’ for 12/31/23 – ‘XML’

On:  Friday, 3/29/24, at 5:08pm ET   ·   For:  12/31/23   ·   Accession #:  1214659-24-5643   ·   File #:  1-39332

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/29/24  VerifyMe, Inc.                    10-K       12/31/23   89:8M                                     Securex Filings/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.81M 
 2: EX-4.8      Instrument Defining the Rights of Security Holders  HTML     34K 
 3: EX-21.1     Subsidiaries List                                   HTML     22K 
 7: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     46K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
13: R1          Cover                                               HTML     98K 
14: R2          Consolidated Balance Sheets                         HTML    136K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     49K 
16: R4          Consolidated Statements of Operations               HTML    110K 
17: R5          Consolidated Statements of Comprehensive            HTML     43K 
                Income/(Loss)                                                    
18: R6          Consolidated Statements of Cash Flows               HTML    137K 
19: R7          Consolidated Statements of Stockholders' Equity     HTML    100K 
20: R8          Pay vs Performance Disclosure                       HTML     35K 
21: R9          Insider Trading Arrangements                        HTML     29K 
22: R10         Summary of Significant Accounting Policies          HTML    102K 
23: R11         Equity Investments                                  HTML     38K 
24: R12         Revenue                                             HTML     55K 
25: R13         Business Combination                                HTML     74K 
26: R14         Intangible Assets and Goodwill                      HTML     86K 
27: R15         Income Taxes                                        HTML     62K 
28: R16         Debt                                                HTML     40K 
29: R17         Convertible Preferred Stock                         HTML     29K 
30: R18         Stockholders? Equity                                HTML     50K 
31: R19         Stock Options, Restricted Stock and Warrants        HTML    151K 
32: R20         Loss Per Share                                      HTML     45K 
33: R21         Long Term Derivative Liability                      HTML     26K 
34: R22         Employee Benefit Plan                               HTML     28K 
35: R23         Leases                                              HTML     48K 
36: R24         Concentrations                                      HTML     29K 
37: R25         Segment Reporting                                   HTML     50K 
38: R26         Subsequent Events                                   HTML     27K 
39: R27         Summary of Significant Accounting Policies          HTML    168K 
                (Policies)                                                       
40: R28         Summary of Significant Accounting Policies          HTML     46K 
                (Tables)                                                         
41: R29         Revenue (Tables)                                    HTML     50K 
42: R30         Business Combination (Tables)                       HTML     64K 
43: R31         Intangible Assets and Goodwill (Tables)             HTML     81K 
44: R32         Income Taxes (Tables)                               HTML     50K 
45: R33         Stock Options, Restricted Stock and Warrants        HTML    137K 
                (Tables)                                                         
46: R34         Loss Per Share (Tables)                             HTML     45K 
47: R35         Leases (Tables)                                     HTML     48K 
48: R36         Segment Reporting (Tables)                          HTML     44K 
49: R37         Summary of Significant Accounting Policies          HTML     45K 
                (Details)                                                        
50: R38         Summary of Significant Accounting Policies          HTML     31K 
                (Details 1)                                                      
51: R39         Summary of Significant Accounting Policies          HTML     65K 
                (Details Narrative)                                              
52: R40         Equity Investments (Details Narrative)              HTML     68K 
53: R41         Revenue (Details)                                   HTML     51K 
54: R42         Revenue (Details 1)                                 HTML     29K 
55: R43         Business Combination (Details)                      HTML     67K 
56: R44         Business Combination (Details 1)                    HTML     80K 
57: R45         Business Combination (Details 2)                    HTML     25K 
58: R46         Business Combination (Details Narrative)            HTML     56K 
59: R47         Intangible Assets and Goodwill (Details)            HTML     33K 
60: R48         Intangible Assets and Goodwill (Details 1)          HTML     54K 
61: R49         Intangible Assets and Goodwill (Details 2)          HTML     38K 
62: R50         Intangible Assets and Goodwill (Details Narrative)  HTML     34K 
63: R51         Income Taxes (Details)                              HTML     49K 
64: R52         Income Taxes (Details 1)                            HTML     56K 
65: R53         Income Taxes (Details Narrative)                    HTML     41K 
66: R54         Debt (Details Narrative)                            HTML     73K 
67: R55         Convertible Preferred Stock (Details Narrative)     HTML     40K 
68: R56         Stockholders? Equity (Details Narrative)            HTML     86K 
69: R57         Stock Options, Restricted Stock and Warrants        HTML     58K 
                (Details)                                                        
70: R58         Stock Options, Restricted Stock and Warrants        HTML     45K 
                (Details 1)                                                      
71: R59         Stock Options, Restricted Stock and Warrants        HTML     50K 
                (Details 2)                                                      
72: R60         Stock Options, Restricted Stock and Warrants        HTML     50K 
                (Details 3)                                                      
73: R61         Stock Options, Restricted Stock and Warrants        HTML     72K 
                (Details 4)                                                      
74: R62         Stock Options, Restricted Stock and Warrants        HTML     78K 
                (Details Narrative)                                              
75: R63         Loss Per Share (Details)                            HTML     53K 
76: R64         Loss Per Share (Details 1)                          HTML     40K 
77: R65         Long Term Derivative Liability (Details Narrative)  HTML     31K 
78: R66         Employee Benefit Plan (Details Narrative)           HTML     26K 
79: R67         Leases (Details)                                    HTML     29K 
80: R68         Leases (Details 1)                                  HTML     38K 
81: R69         Leases (Details 2)                                  HTML     44K 
82: R70         Concentrations (Details Narrative)                  HTML     39K 
83: R71         Segment Reporting (Details)                         HTML     76K 
84: R72         Subsequent Events (Details Narrative)               HTML     36K 
86: XML         IDEA XML File -- Filing Summary                      XML    157K 
89: XML         XBRL Instance -- vm12524110k_htm                     XML   1.76M 
85: EXCEL       IDEA Workbook of Financial Report Info              XLSX    172K 
 9: EX-101.CAL  XBRL Calculations -- vrme-20231231_cal               XML    193K 
10: EX-101.DEF  XBRL Definitions -- vrme-20231231_def                XML    781K 
11: EX-101.LAB  XBRL Labels -- vrme-20231231_lab                     XML   1.33M 
12: EX-101.PRE  XBRL Presentations -- vrme-20231231_pre              XML   1.10M 
 8: EX-101.SCH  XBRL Schema -- vrme-20231231                         XSD    201K 
87: JSON        XBRL Instance as JSON Data -- MetaLinks              566±   794K 
88: ZIP         XBRL Zipped Folder -- 0001214659-24-005643-xbrl      Zip    381K

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<vrme:ChangeInFairValueOfInterestRateSwap contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000310" unitRef="USD"> -3000 </vrme:ChangeInFairValueOfInterestRateSwap>
<us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000312" unitRef="USD"> 6000 </us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax>
<us-gaap:ComprehensiveIncomeNetOfTax contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000315" unitRef="USD"> -3389000 </us-gaap:ComprehensiveIncomeNetOfTax>
<us-gaap:ComprehensiveIncomeNetOfTax contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000316" unitRef="USD"> -14401000 </us-gaap:ComprehensiveIncomeNetOfTax>
<us-gaap:NetIncomeLoss contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000321" unitRef="USD"> -3390000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000322" unitRef="USD"> -14398000 </us-gaap:NetIncomeLoss>
<us-gaap:ProvisionForDoubtfulAccounts contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000327" unitRef="USD"> 139000 </us-gaap:ProvisionForDoubtfulAccounts>
<us-gaap:ProvisionForDoubtfulAccounts contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000328" unitRef="USD"> 37000 </us-gaap:ProvisionForDoubtfulAccounts>
<us-gaap:DividendsSharebasedCompensationStock contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000330" unitRef="USD"> 200000 </us-gaap:DividendsSharebasedCompensationStock>
<us-gaap:DividendsSharebasedCompensationStock contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000331" unitRef="USD"> 145000 </us-gaap:DividendsSharebasedCompensationStock>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000333" unitRef="USD"> -100000 </us-gaap:IncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000334" unitRef="USD"> -10932000 </us-gaap:IncomeLossFromEquityMethodInvestments>
<vrme:ChangeInFairValueOfContingentConsideration contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000336" unitRef="USD"> 201000 </vrme:ChangeInFairValueOfContingentConsideration>
<vrme:FairValueOfRestrictedStockAwardsAndRestrictedStockUnitsIssuedInExchangeForServices contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000339" unitRef="USD"> -1475000 </vrme:FairValueOfRestrictedStockAwardsAndRestrictedStockUnitsIssuedInExchangeForServices>
<vrme:FairValueOfRestrictedStockAwardsAndRestrictedStockUnitsIssuedInExchangeForServices contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000340" unitRef="USD"> -1323000 </vrme:FairValueOfRestrictedStockAwardsAndRestrictedStockUnitsIssuedInExchangeForServices>
<us-gaap:GainLossOnDispositionOfAssets contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000342" unitRef="USD"> -2000 </us-gaap:GainLossOnDispositionOfAssets>
<vrme:Impairments contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000345" unitRef="USD"> 190000 </vrme:Impairments>
<us-gaap:UnrealizedGainLossOnInvestments contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000349" unitRef="USD"> 12000 </us-gaap:UnrealizedGainLossOnInvestments>
<us-gaap:GainsLossesOnExtinguishmentOfDebt contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000352" unitRef="USD"> 326000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:DepreciationAndAmortization contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000354" unitRef="USD"> 1134000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000355" unitRef="USD"> 770000 </us-gaap:DepreciationAndAmortization>
<us-gaap:ForeignCurrencyTransactionGainLossUnrealized contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000357" unitRef="USD"> 25000 </us-gaap:ForeignCurrencyTransactionGainLossUnrealized>
<us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000363" unitRef="USD"> -1295000 </us-gaap:IncreaseDecreaseInAccountsReceivable>
<us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000364" unitRef="USD"> 3352000 </us-gaap:IncreaseDecreaseInAccountsReceivable>
<vrme:OpratingUnbilledRevenue contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000366" unitRef="USD"> -96000 </vrme:OpratingUnbilledRevenue>
<vrme:OpratingUnbilledRevenue contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000367" unitRef="USD"> -1185000 </vrme:OpratingUnbilledRevenue>
<us-gaap:IncreaseDecreaseInInventories contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000369" unitRef="USD"> 57000 </us-gaap:IncreaseDecreaseInInventories>
<us-gaap:IncreaseDecreaseInInventories contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000370" unitRef="USD"> 29000 </us-gaap:IncreaseDecreaseInInventories>
<us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000372" unitRef="USD"> -9000 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
<us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000373" unitRef="USD"> 77000 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000375" unitRef="USD"> -531000 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000376" unitRef="USD"> 3621000 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000378" unitRef="USD"> 244000 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000379" unitRef="USD"> -2551000 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<vrme:EquityReceivedFromSpacEquityInvestment contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000385" unitRef="USD"> 32000 </vrme:EquityReceivedFromSpacEquityInvestment>
<us-gaap:PaymentsToAcquireIntangibleAssets contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000387" unitRef="USD"> 62000 </us-gaap:PaymentsToAcquireIntangibleAssets>
<us-gaap:PaymentsToAcquireIntangibleAssets contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000388" unitRef="USD"> 40000 </us-gaap:PaymentsToAcquireIntangibleAssets>
<vrme:LeaseholdImprovements contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000390" unitRef="USD"> 8000 </vrme:LeaseholdImprovements>
<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000393" unitRef="USD"> 27000 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
<us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000396" unitRef="USD"> 363000 </us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
<us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000397" unitRef="USD"> 7500000 </us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
<vrme:DeferredImplementationCosts contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000399" unitRef="USD"> 58000 </vrme:DeferredImplementationCosts>
<vrme:DeferredImplementationCosts contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000400" unitRef="USD"> 140000 </vrme:DeferredImplementationCosts>
<us-gaap:PaymentsForSoftware contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000402" unitRef="USD"> 677000 </us-gaap:PaymentsForSoftware>
<us-gaap:PaymentsForSoftware contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000403" unitRef="USD"> 236000 </us-gaap:PaymentsForSoftware>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000405" unitRef="USD"> -1195000 </us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000406" unitRef="USD"> -7884000 </us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:ProceedsFromIssuanceInitialPublicOffering contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000412" unitRef="USD"> 4528000 </us-gaap:ProceedsFromIssuanceInitialPublicOffering>
<us-gaap:ProceedsFromLinesOfCredit contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000414" unitRef="USD"> 1800000 </us-gaap:ProceedsFromLinesOfCredit>
<us-gaap:ProceedsFromConvertibleDebt contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000417" unitRef="USD"> 1100000 </us-gaap:ProceedsFromConvertibleDebt>
<us-gaap:ProceedsFromRepaymentsOfNotesPayable contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000421" unitRef="USD"> 2000000 </us-gaap:ProceedsFromRepaymentsOfNotesPayable>
<us-gaap:ProceedsFromWarrantExercises contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000424" unitRef="USD"> 1000 </us-gaap:ProceedsFromWarrantExercises>
<us-gaap:ProceedsFromStockPlans contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000426" unitRef="USD"> 80000 </us-gaap:ProceedsFromStockPlans>
<us-gaap:ProceedsFromStockPlans contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000427" unitRef="USD"> 102000 </us-gaap:ProceedsFromStockPlans>
<us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000429" unitRef="USD"> 36000 </us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
<us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000430" unitRef="USD"> 34000 </us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
<us-gaap:PaymentsForRepurchaseOfEquity contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000432" unitRef="USD"> 10000 </us-gaap:PaymentsForRepurchaseOfEquity>
<us-gaap:PaymentsForRepurchaseOfEquity contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000433" unitRef="USD"> 291000 </us-gaap:PaymentsForRepurchaseOfEquity>
<us-gaap:RepaymentsOfDebt contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000435" unitRef="USD"> 2300000 </us-gaap:RepaymentsOfDebt>
<us-gaap:RepaymentsOfDebt contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000436" unitRef="USD"> 1882000 </us-gaap:RepaymentsOfDebt>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000438" unitRef="USD"> 634000 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000439" unitRef="USD"> 4424000 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000441" unitRef="USD"> 1000 </us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000444" unitRef="USD"> -316000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000445" unitRef="USD"> -6011000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2022-12-31" decimals="-3" id="Fact000447" unitRef="USD"> 3411000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2021-12-31" decimals="-3" id="Fact000448" unitRef="USD"> 9422000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2023-12-31" decimals="-3" id="Fact000450" unitRef="USD"> 3095000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2022-12-31" decimals="-3" id="Fact000451" unitRef="USD"> 3411000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:InterestPaidNet contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000459" unitRef="USD"> 165000 </us-gaap:InterestPaidNet>
<us-gaap:InterestPaidNet contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000460" unitRef="USD"> 33000 </us-gaap:InterestPaidNet>
<vrme:InitialRecognitionOfRightofuseAssetAndLeaseLiabilityDuringPeriod contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000469" unitRef="USD"> 552000 </vrme:InitialRecognitionOfRightofuseAssetAndLeaseLiabilityDuringPeriod>
<vrme:NoncashChangeInFairValueOfInterestRateSwap contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000471" unitRef="USD"> 7000 </vrme:NoncashChangeInFairValueOfInterestRateSwap>
<vrme:NoncashChangeInFairValueOfInterestRateSwap contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000472" unitRef="USD"> -3000 </vrme:NoncashChangeInFairValueOfInterestRateSwap>
<us-gaap:SharesOutstanding contextRef="AsOf2021-12-31_custom_SeriesBConvertiblePreferredStockMember" decimals="INF" id="Fact000485" unitRef="Shares"> 0.85 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding contextRef="AsOf2021-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000487" unitRef="Shares"> 7196677 </us-gaap:SharesOutstanding>
<us-gaap:StockholdersEquity contextRef="AsOf2021-12-31_us-gaap_CommonStockMember" decimals="-3" id="Fact000476" unitRef="USD"> 7000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2021-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000477" unitRef="USD"> 86059000 </us-gaap:StockholdersEquity>
<us-gaap:SharesOutstanding contextRef="AsOf2021-12-31_custom_TreasuryStocksMember" decimals="INF" id="Fact000489" unitRef="Shares"> 223956 </us-gaap:SharesOutstanding>
<us-gaap:StockholdersEquity contextRef="AsOf2021-12-31_custom_TreasuryStocksMember" decimals="-3" id="Fact000478" unitRef="USD"> -838000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2021-12-31_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact000480" unitRef="USD"> -64061000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2021-12-31" decimals="-3" id="Fact000481" unitRef="USD"> 21167000 </us-gaap:StockholdersEquity>
<us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000500" unitRef="Shares"> 29688 </us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures>
<us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000494" unitRef="USD"> 205000 </us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures>
<us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000498" unitRef="USD"> 205000 </us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures>
<vrme:RestrictedStockUnitsNetOfSharesWithheldForEmployeeTax contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000505" unitRef="USD"> 1084000 </vrme:RestrictedStockUnitsNetOfSharesWithheldForEmployeeTax>
<vrme:RestrictedStockUnitsNetOfSharesWithheldForEmployeeTax contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000509" unitRef="USD"> 1084000 </vrme:RestrictedStockUnitsNetOfSharesWithheldForEmployeeTax>
<vrme:StockPurchasePlan1 contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000516" unitRef="USD"> 121000 </vrme:StockPurchasePlan1>
<vrme:StockPurchasePlan1 contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000520" unitRef="USD"> 121000 </vrme:StockPurchasePlan1>
<vrme:CommonStockIssuedInRelationToStockPurchasePlanShares contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000531" unitRef="Shares"> 53895 </vrme:CommonStockIssuedInRelationToStockPurchasePlanShares>
<vrme:CommonStockIssuedInRelationToStockPurchasePlan contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000525" unitRef="USD"> -78000 </vrme:CommonStockIssuedInRelationToStockPurchasePlan>
<vrme:CommonStockIssuedInRelationToStockPurchasePlanShares contextRef="From2022-01-012022-12-31_custom_TreasuryStocksMember" decimals="INF" id="Fact000533" unitRef="Shares"> -53895 </vrme:CommonStockIssuedInRelationToStockPurchasePlanShares>
<vrme:CommonStockIssuedInRelationToStockPurchasePlan contextRef="From2022-01-012022-12-31_custom_TreasuryStocksMember" decimals="-3" id="Fact000526" unitRef="USD"> 180000 </vrme:CommonStockIssuedInRelationToStockPurchasePlan>
<vrme:CommonStockIssuedInRelationToStockPurchasePlan contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000529" unitRef="USD"> 102000 </vrme:CommonStockIssuedInRelationToStockPurchasePlan>
<vrme:CommonStockIssuedInRelationToPrivatePlacementShares contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000544" unitRef="Shares"> 880208 </vrme:CommonStockIssuedInRelationToPrivatePlacementShares>
<vrme:CommonStockIssuedInRelationToPrivatePlacement contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="-3" id="Fact000537" unitRef="USD"> 2000 </vrme:CommonStockIssuedInRelationToPrivatePlacement>
<vrme:CommonStockIssuedInRelationToPrivatePlacement contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000538" unitRef="USD"> 4526000 </vrme:CommonStockIssuedInRelationToPrivatePlacement>
<vrme:CommonStockIssuedInRelationToPrivatePlacement contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000542" unitRef="USD"> 4528000 </vrme:CommonStockIssuedInRelationToPrivatePlacement>
<us-gaap:StockIssuedDuringPeriodSharesIssuedForServices contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000555" unitRef="Shares"> 30000 </us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
<us-gaap:StockIssuedDuringPeriodValueIssuedForServices contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000549" unitRef="USD"> 96000 </us-gaap:StockIssuedDuringPeriodValueIssuedForServices>
<us-gaap:StockIssuedDuringPeriodValueIssuedForServices contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000553" unitRef="USD"> 96000 </us-gaap:StockIssuedDuringPeriodValueIssuedForServices>
<vrme:CommonStockIssuedInRelationToAcquisitionShares contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000566" unitRef="Shares"> 305473 </vrme:CommonStockIssuedInRelationToAcquisitionShares>
<vrme:CommonStockIssuedInRelationToAcquisition contextRef="From2022-01-012022-12-31_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact000560" unitRef="USD"> 974000 </vrme:CommonStockIssuedInRelationToAcquisition>
<vrme:CommonStockIssuedInRelationToAcquisition contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000564" unitRef="USD"> 974000 </vrme:CommonStockIssuedInRelationToAcquisition>
<vrme:RepurchaseOfCommonStockShares contextRef="From2022-01-012022-12-31_us-gaap_CommonStockMember" decimals="INF" id="Fact000577" unitRef="Shares"> -219906 </vrme:RepurchaseOfCommonStockShares>
<vrme:RepurchaseOfCommonStockShares contextRef="From2022-01-012022-12-31_custom_TreasuryStocksMember" decimals="INF" id="Fact000579" unitRef="Shares"> 219906 </vrme:RepurchaseOfCommonStockShares>
<us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2022-01-012022-12-31_custom_TreasuryStocksMember" decimals="-3" id="Fact000572" unitRef="USD"> 291000 </us-gaap:StockRepurchasedDuringPeriodValue>
<us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000575" unitRef="USD"> 291000 </us-gaap:StockRepurchasedDuringPeriodValue>
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<p id="xdx_808_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zhpsdFgzmxKf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span id="xdx_820_zp9UB4jqUHcb">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_845_ecustom--NatureOfBusinessPolicyTextBlock_z5Op3bEy4Dr3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_863_zUYryQO3SsT9">Nature of the Business</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">VerifyMe, Inc. (“VerifyMe”) was incorporated in the State of Nevada on November 10, 1999. VerifyMe, together with its subsidiaries, including PeriShip Global LLC (“PeriShip Global”) and Trust Codes Global Limited (“Trust Codes Global”), (together the “Company,” “we,” “us,” or “our”) is based in Lake Mary, Florida and its common stock, par value $<span id="xdx_902_eus-gaap--CommonStockParOrStatedValuePerShare_c20231231_pdd" title="Common stock, par value (in dollars per share)"><span id="xdx_901_eus-gaap--CommonStockParOrStatedValuePerShare_c20221231_pdd" title="Common stock, par value (in dollars per share)">0.001</span></span> per share, and warrants to purchase common stock are traded on The Nasdaq Capital Market (“Nasdaq”) under the trading symbols “VRME” and “VRMEW,” respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company operates a Precision Logistics Segment and an Authentication Segment to provide specialized logistics for time-and-temperature sensitive products, as well as item level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. Through our Precision Logistics segment, we provide a value-added service for sensitive parcel management driven by a proprietary software platform that provides predictive analytics from key metrics such as pre-shipment weather analysis, flight-tracking, sort volumes, and traffic, delivered to customers via a secure portal. The portal provides real-time visibility into shipment transit and last-mile events which is supported by a service center. Through our Authentication segment our technologies enable brand owners to gather business intelligence through the supply chain, cross-sell products, detect counterfeit activities, monitor product diversion, and build brand loyalty utilizing our unique dynamic codes which are read by consumers with their smart phones. Further information regarding our business segments is discussed below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s activities are subject to significant risks and uncertainties. See the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in this report.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_849_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zUI4WNw2Q3w2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zUFDhVhRinbb">Reclassifications</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Certain amounts presented for the year ended December 31, 2022, reflect reclassifications made to conform to the presentation in our current reporting period. These reclassifications had no effect on the previously reported net loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p id="xdx_844_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_z872t4a3I3Al" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_864_zNvt9wIMEXxi">Basis of Presentation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The accompanying consolidated financial statements include the accounts of VerifyMe and its wholly owned subsidiaries PeriShip Global and Trust Codes Global. All significant intercompany balances and transactions have been eliminated upon consolidation. The consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_842_eus-gaap--UseOfEstimates_zX8tW1qKkiXb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_866_zEt5c1721Jq9">Use of Estimates</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_845_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zvH9rAJTWkx4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zYl62FJgsfu3">Recent Accounting Pronouncements </span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities with a single reportable segment to provide all the disclosures required by this standard and all existing segment disclosures in Topic 280 on an interim and annual basis, including new requirements to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the reported measure(s) of a segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported measure(s) of a segment's profit or loss to assess performance and decide how to allocate resources. The guidance is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively with early adoption permitted. The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements and disclosures. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">In October 2021, the FASB issued Accounting Standards Update No. 2021-08, <i>Accounting for Contract Assets and Contract Liabilities from Contracts with Customers</i> (“ASU 2021-08”). ASU 2021-08 amends ASC 805 to require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The Company adopted the new standard beginning January 1, 2023, and did not have an effect on its financial position, results of operations or cash flows.</span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p id="xdx_840_eus-gaap--FairValueOfFinancialInstrumentsPolicy_zHwcNdZOpPpe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86A_ze8wCM7xVeS4">Fair Value of Financial Instruments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial instruments consist of accounts receivable, unbilled revenue, accounts payable, notes payable and accrued expenses, equity investments, and long-term derivative liabilities. The carrying value of accounts receivable, unbilled revenue, accounts payable and accrued expenses approximate their fair value because of their short maturities.  The Company believes the carrying amount of its notes payable approximates fair value based on rates and other terms currently available to the Company for similar debt instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows FASB ASC 820, “Fair Value Measurements and Disclosures,” and applies it to all assets and liabilities that are being measured and reported on a fair value basis. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 1: Quoted market prices in active markets for identical assets or liabilities</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Level 3: Unobservable inputs that are not corroborated by market data</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The level in the fair value within which a fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table presents the Company’s financial instruments that are measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of December 31, 2023 and December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Amounts in Thousands ('000)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisTextBlock_pn3n3_zGj6YHjyv1g6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B5_zkvr4eiNUGp1" style="display: none">Schedule of fair value assets measured on recurring basis</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Short Term Investment</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Derivative Asset <br/>(Liability)</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Contingent Consideration</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 1)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 3)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%">Balance as of December 31, 2022</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--ShortTermInvestments_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zAiMojCFTiYg" style="width: 12%; text-align: right" title="Short Term Investment at beginning">100</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--DerivativeLiabilitiesNoncurrent_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zzKY4DBiEcsd" style="width: 12%; text-align: right" title="Derivative Liability at beginning">(3</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNS_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_ziC1Az5nBH0j" style="width: 12%; text-align: right" title="Contingent Consideration at beginning"><span style="-sec-ix-hidden: xdx2ixbrl0800">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on fair value recognized in other income (expense)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--LossOnFairValueRecognizedInOtherIncomeExpense_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Loss on fair value recognized in other income (expense)">(100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Contingent consideration at issuance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ContingentConsiderationAtIssuance_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Contingent consideration at issuance">(1,125</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value of contingent consideration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ChangeInFairValueOfContingentConsideration_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value of contingent consideration">201</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value to interest rate, SWAP, recognized in other comprehensive loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ChangeInFairValueToInterestRateSwapRecognizedInOtherComprehensiveLoss_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value to interest rate, SWAP, recognized in other comprehensive loss">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ShortTermInvestments_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zVAn3UFOhnab" style="text-align: right" title="Short-Term Investments at end"><span style="-sec-ix-hidden: xdx2ixbrl0810">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--DerivativeLiabilitiesNoncurrent_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z6lxcfow0Uwc" style="text-align: right" title="Derivative Liability at end">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNE_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zRzV6odxLSMk" style="text-align: right" title="Contingent Consideration at end">(924</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A5_zIeYPTjR5oj9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p id="xdx_84D_ecustom--VariableInterestEntityPolicyTextBlock_zxONTf0JlAQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white"><b><i><span style="text-decoration: underline"><span id="xdx_868_zHqIkovwbop2">Variable Interest Entity</span></span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">The Company determined that G3 VRM Acquisition Corp. (NASDAQ: GGGVU) (the “SPAC”, see Note 2 – Equity Investments), a Delaware corporation and special purpose acquisition company, was a variable interest entity (“VIE”) in which the Company had a variable interest but was not the primary beneficiary. Making the determination as to whether a VIE should be consolidated requires judgement in assessing if the Company is the primary beneficiary. To make this determination, the Company evaluated its power to direct the activities that most significantly impacted the VIE’s economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the SPAC. The Company concluded that it was not the primary beneficiary of the VIE and as such, did not consolidate the SPAC. The Company reassessed its evaluation of whether an entity is a VIE and if it continues to be a VIE, whether the Company is the primary beneficiary of the VIE, on an ongoing basis based on the current facts and circumstances surrounding the entity. The SPAC was unable to complete its initial business combination within 12 months from the closing of the IPO, and the Sponsor Entity made the decision not to fund the extension and did not deposit additional funds into the trust account. As a result, the SPAC was dissolved, and liquidated according to its charter. The SPAC redeemed 100% of the public shares for cash, the rights have expired worthless, and the founder shares and the private placement securities have become worthless.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_849_eus-gaap--SegmentReportingPolicyPolicyTextBlock_ze2XHNtDRX0d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zKAi36Ms8Dye">Segment Reporting</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding the method by which to allocate resources and assess performance. The Company has two reportable segments, namely, (i) Precision Logistics (formerly PeriShip Global) and (ii) Authentication (formerly VerifyMe Solutions). See Note 16 Segment Reporting, for further discussion of the Company’s segment reporting structure. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84C_eus-gaap--BusinessCombinationsAndOtherPurchaseOfBusinessTransactionsPolicyTextBlock_zLDf7pmHJvL7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_862_zjASOY4vztub">Business Combinations</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applies the provisions of Accounting Standard Codification (“ASC”) Topic 805, Business Combinations, in the accounting for business acquisitions. ASC 805 requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the identifiable assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately apply preliminary value to assets acquired and liabilities assumed at the acquisition date, where applicable, these estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments in the current period, rather than a revision to a prior period. Upon the conclusion of the measurement period or final determination of the values of the assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in the Consolidated Statements of Operations. Accounting for business combinations requires management to make significant estimates and assumptions, especially at the acquisition date, including estimates for intangible assets where applicable. Although the Company believes the assumptions and estimates made have been reasonable and appropriate, they are based in part on information obtained from management of the acquired companies and are inherently uncertain. Unanticipated events and circumstances may occur that may affect the accuracy or validity of such assumptions, estimates, or actual results.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84A_eus-gaap--EarningsPerSharePolicyTextBlock_zbNYhDXVEn03" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86C_zbHjhx6hMoJl">Basic and Diluted Net Loss per Share of Common Stock</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows Financial Accounting Standards Board (“FASB”) ASC 260, “Earnings Per Share,” when reporting earnings per share resulting in the presentation of basic and diluted earnings per share.  Because the Company reported a net loss for each of the periods presented, common stock equivalents, including preferred stock, stock options and warrants were anti-dilutive; therefore, the amounts reported for basic and diluted loss per share were the same. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, there were shares potentially issuable, that could dilute basic earnings per share in the future that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive to the Company’s losses during the years presented. For the year ended December 31, 2023, there were approximately <span id="xdx_908_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231_pdd" title="Anti-dilutive shares">8,286,000</span> anti-dilutive shares consisting of <span id="xdx_904_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_pdd" title="Anti-dilutive shares">1,439,000</span> unvested performance restricted stock units, <span id="xdx_901_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Anti-dilutive shares">816,000</span> restricted stock units, restricted stock awards and options under the stock purchase plan, <span id="xdx_901_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_pdd" title="Anti-dilutive shares">301,000</span> shares issuable upon exercise of stock options, <span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_zsF8YuWmIzgf" title="Anti-dilutive shares">4,629,000 </span>shares issuable upon exercise of warrants, <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvetibleDebtMember_zXXsLlmtRDbk" title="Anti-dilutive shares">957,000</span> shares issuable upon conversion of convertible debt, and <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--PreferredStocksMember_z83DNbLCCrxe" title="Anti-dilutive shares">144,000</span> shares issuable upon conversion of preferred stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p id="xdx_841_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_z4QaF6750MC1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_867_zvE8ki7W7vT2">Restricted Cash</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated statements of cash flows (dollars in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_pn3n3_zbfAtmfH5hGe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span id="xdx_8B9_zDBq78OeOnjg" style="display: none">Schedule of restricted cash</span></td><td> </td> <td colspan="2" id="xdx_497_20231231" style="text-align: right; white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" id="xdx_496_20221231" style="text-align: right; white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span style="display: none"></span></td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">As of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_409_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzOjk_zO2Ucgw7FVi4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Cash and cash equivalents</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,348</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--RestrictedCash_iI_pn3n3_maCCERCzOjk_zv1fMtBIPRac" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Restricted cash</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iTI_pn3n3_mtCCERCzOjk_zNSL5ngCOUub" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total cash and cash equivalents including restricted cash</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,095</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,411</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zz0EWq6IHJtk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company classifies cash and cash equivalents that are restricted from operating use for the next twelve months as restricted cash. As of December 31, 2023, and December 31, 2022, the Company held $<span id="xdx_90B_eus-gaap--RestrictedCash_c20231231_pn3n3" title="Restricted Cash"><span id="xdx_90A_eus-gaap--RestrictedCash_c20221231_pn3n3" title="Restricted Cash">63</span></span> thousand subject to restrictions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p id="xdx_847_ecustom--ConcentrationOfCreditRiskInvolvingCashAndCashEquivalentsPolicyTextBlock_zc7LnQdEYdP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zUS5dDgN3MO3">Concentration of Credit Risk Involving Cash and Cash Equivalents</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s cash and cash equivalents are held at various financial institutions. At times, the Company’s deposits may exceed Federal Deposit Insurance Corporation (FDIC) coverage limits which are currently set at $<span id="xdx_905_eus-gaap--CashFDICInsuredAmount_iI_pn3p0_c20231231_zZuCfNAb8bz8" title="FDIC insured limit">250,000</span> per depositor. The Company has not experienced any losses from maintaining cash accounts in excess of federally insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p id="xdx_849_eus-gaap--ReceivablesPolicyTextBlock_z6X7TtfPpUAh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86D_zFUbPFBj8ILa">Accounts Receivable</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Bad debts expense or write offs of receivables are determined on the basis of loss experience, known and inherent risks in the receivable portfolio and current economic conditions. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, such allowances may be required. The Company recognized $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_c20231231_pn3n3" title="Allowance for doubtful accounts">139</span> thousand and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivable_c20221231_pn3n3" title="Allowance for doubtful accounts">37</span> thousand for allowance for credit losses as of December 31, 2023, and 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_848_eus-gaap--EquityMethodInvestmentsPolicy_zu4fbi14nrK4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86E_zJCesWnhTX0g">Equity Investments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">When the Company does not have a controlling financial interest in an entity but can exert influence over the entity’s operations and financial policies, the investment is accounted for either (i) under the equity method of accounting or (ii) at fair value by electing the fair value option available under applicable generally accepted accounting policies. The Company has elected the fair value option for its equity security under prepaid expenses and other current assets on the Consolidated Balance Sheets, as it has determined the fair value best reflects the economic performance of the equity investment. Changes in unrecognized gain or loss of the fair value of the equity investments are included in Other income (expense) on the accompanying Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84B_eus-gaap--InventoryPolicyTextBlock_zuDMNgAVdhba" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zgzvcaFYNl8k">Inventory</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inventory principally consists of canisters and pigments and is stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the assets. During the year ended December 31, 2023, the Company impaired $<span id="xdx_90D_eus-gaap--InventoryWriteDown_c20230101__20231231_pn3n3" title="Inventory write-down">100</span> thousand related to inventory in our Authentication segment, related to raw material to record at fair market value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zZmh2rboWF31" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_867_zjuMwTEJ8wQ">Equipment for Lease</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equipment for lease principally consists of costs associated with the development, certification and production of the VerifyChecker™ and the VerifyAuthenticator<sup>TM</sup> Smartphone Authenticator technology. These technologies are leased to customers typically for a period of one year in length with <span id="xdx_90F_ecustom--DescriptionOfLeaseTerms_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EquipmentForLeaseMember" title="Description of lease terms">automatically renewable leases cancellable by either party by written notice provided 90 days in advance.</span> We examined the effect of Accounting Standards Update (“ASU”) No. 2016-02- “Lease (Topic 842)” and determined the impact is not material. Our policy is to capitalize the costs related to this equipment and depreciate on a straight-line basis over the estimated lives of the equipment which was determined to be <span id="xdx_908_ecustom--MaturityTermsOfLease_dtY_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EquipmentForLeaseMember_zdfHF47LwfKi" title="Maturity terms of lease">5</span> years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p id="xdx_841_eus-gaap--InternalUseSoftwarePolicy_zTe9JFR5uAbb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_864_zB8oyxIRiEia">Capitalized Software</span> </span></i></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Costs incurred in connection with the development of software related to our proprietary proactive end-to-end logistics management products are accounted for in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 “Hosting Arrangements and Internally Used Software.” Costs incurred prior to the establishment of technological feasibility are charged to research and development expense. Software development costs are capitalized after a product is determined to be technologically feasible and is in the process of being developed for market. Amortization of capitalized software development costs begins once the product is available to the market. Capitalized software development costs are amortized over the estimated life of the related product, generally six years, using the straight-line method. The Company will evaluate its software assets for impairment whenever events or change in circumstances indicate that the carrying amount of such assets may not be recoverable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_841_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zP4KAKGpYlx4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zYlVTYo21L05">Long-Lived Assets</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluates the recoverability of its long-lived assets in accordance with ASC 360 “Property, Plant, and Equipment.” The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets are measured by a comparison of the carrying amount of an asset to future cash flows expected to be generated by the asset, undiscounted and without interest or independent appraisals. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_842_eus-gaap--GoodwillAndIntangibleAssetsGoodwillPolicy_zBcQpfknICC2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_868_zvKw9M2a6kXk">Goodwill</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Goodwill represents the excess of purchase price over the fair value of net assets acquired in business combinations. Pursuant to ASC 350, the Company tests goodwill for impairment on an annual basis in the fourth quarter, or between annual tests, in certain circumstances. Under authoritative guidance, the Company first assessed qualitative factors to determine whether it was necessary to perform the quantitative goodwill impairment test. The assessment considers factors such as, but not limited to, macroeconomic conditions, data showing other companies in the industry and our share price. An entity is not required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. Events or changes in circumstances which could trigger an impairment review include macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, other entity specific events and sustained decrease in share price.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--DerivativesPolicyTextBlock_zxvCeBSyxoBc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zJusQPau5Di1">Derivative Instruments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluates its equity investments, long-term derivative liabilities, preferred stock, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, “Distinguish by Liabilities from Equity” (FASB ASC 480), and FASB ASC 815, “Derivatives and Hedging” (“FASB ASC 815”). The result of this accounting treatment is that the fair value of the embedded derivative, if required to be bifurcated, is marked-to-market at each balance sheet date and recorded as an asset or liability. The change in fair value is recorded in the Consolidated Statement of Operations as a component of other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The classification of derivative instruments, including whether such instruments should be recorded as assets, liabilities or as equity, is re-assessed at the end of each reporting period. Equity instruments that are initially classified as equity that become subject to reclassification are reclassified as assets or liabilities at the fair value of the instrument on the reclassification date. Derivative instrument as assets or liabilities will be classified in the balance sheet as current or non-current based on whether net-cash settlement of the derivative instrument is expected within 12 months of the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84C_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zxvRUt3GABB4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_863_zNNbqMYBcj8l">Foreign Currency Translation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The functional currency of our New Zealand operations is the local currency, New Zealand dollar (NZD). The translation of the foreign currency into U. S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts using the weighted average exchange rates prevailing during the year. The unrealized gains and losses resulting from such translation are included as a component of comprehensive income. Translation gains and losses arising from currency exchange rate fluctuations on transactions denominated in a currency other than the local functional currency are included in “General and administrative” on our Consolidated Statements of Operations. The unrealized foreign currency transaction losses for the years ended December 31, 2023 and December 31, 2022, were $<span id="xdx_904_eus-gaap--ForeignCurrencyTransactionGainLossUnrealizedAfterTax_pn3n3_c20230101__20231231_zN0DxsevGkT7" title="Unrealized foreign currency transaction losses">5</span> thousand and $<span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionGainLossUnrealizedAfterTax_pn3n3_c20220101__20221231_zY9NtE6uii1" title="Unrealized foreign currency transaction losses">0</span> thousand, respectively. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--RevenueRecognitionPolicyTextBlock_zJ2HabE2Zx88" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_862_zU7z8o9pOFp2">Revenue Recognition</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for revenues according to Accounting Standards Codification (“ASC”) Topic 606, “<i>Revenue from Contracts with Customers”</i> which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applies the following five steps, separated by reportable segments, in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements. For more detailed information about reportable segments, see Note 16 – Segment reporting. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>identify the contract with a customer;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>identify the performance obligations in the contract;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>determine the transaction price;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>allocate the transaction price to performance obligations in the contract; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>recognize revenue as the performance obligation is satisfied.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company generally considers completion of an agreement, or Statement of Work (“SOW”) and/or purchase order as a customer contract, provided collection is considered probable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Precision Logistics</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Precision Logistics segment consists of two service lines, Proactive and Premium. Under our Proactive service line, clients pay us directly for carrier service coupled with our proactive logistics service. Terms typically range 7 days and no longer than 30 days. The Company has determined it is the principal and recognizes shipment fees in gross revenue. Under our Premium service line, we provide complete white-glove shipping monitoring and predictive analytics services. This service includes customer web portal access, weather monitoring, temperature control, full service center support and last mile resolution. Payment terms are typically 30 - 45 days.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under both service lines in our Precision Logistics segment, our performance obligation is met, and revenue is recognized, when the packages are delivered. The transaction fees consist of fixed consideration made up of amounts contractually billed to the customer. There are no variable considerations in the transaction fee, in either service line.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Authentication</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Authentication segment primarily consists of our brand protection service line which consists of a custom suite of products that offer clients traceability and brand solutions. Terms typically range between 30 and 90 days. Our performance obligation is met, and revenue is recognized, when our products are shipped or delivered depending on the specific agreement with the customer. The transaction fee is made up of fixed consideration based on the related purchase order or agreement. Warranties and other variable considerations are analyzed by the Company, in terms of historical warranties, current economic trends, and changes in customer demand, and have been determined to be insignificant in the twelve months ended December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p id="xdx_842_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zwNrATBUYIA4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zrJJ7usUcF84">Stock-Based Compensation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We account for stock-based compensation under the provisions of FASB ASC 718, “Compensation—Stock Compensation”, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees and directors based on estimated fair values on the grant date. We estimate the fair value of stock-based awards on the date of grant using the Black-Scholes model. The assumptions used in the Black-Scholes option pricing model include risk-free interest rates, expected volatility and expected life of the stock options. Changes in these assumptions can materially affect estimates of fair value stock-based compensation, and the compensation expense recorded in future periods. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line method. We recognize forfeitures as they occur with a reduction in compensation expense in the period of forfeiture. For performance restricted stock units with stock price appreciation targets (see Note 10 – Stock Options, Restricted Stock and Warrants), we applied a lattice approach that incorporated a Monte Carlo simulation, which involved random iterations that took different future price paths over the RSU’s contractual life based on the appropriate probability distributions (which are based on commonly applied Black Scholes inputs). The fair value was determined by taking the average of the grant date fair values under each Monte Carlo simulation trial. We recognize compensation expense on a straight-line basis over the performance period and there is no ongoing adjustment or reversal based on actual achievement during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We account for stock-based compensation awards to non-employees in accordance with ASU No. 2018-07, Compensation – Stock Based Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which aligns accounting for share-based payments issued to nonemployees to that of employees under the existing guidance of Topic 718, with certain exceptions. This update supersedes previous guidance for equity-based payments to nonemployees under Subtopic 505-50, Equity – Equity-Based Payments to Non-Employees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All issuances of stock options or other equity instruments to non-employees as consideration for goods or services received by the Company are accounted for based on the fair value of the equity instruments issued. Non-employee equity-based payments are recorded as an expense over the service period, as if we had paid cash for the services. At the end of each financial reporting period, prior to vesting or prior to the completion of the services, the fair value of the equity-based payments will be re-measured, and the non-cash expense recognized during the period will be adjusted accordingly. Since the fair value of equity-based payments granted to non-employees is subject to change in the future, the amount of the future expense will include fair value re-measurements until the equity-based payments are fully vested or the service completed.<b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p id="xdx_84A_eus-gaap--AdvertisingCostsPolicyTextBlock_zYbq4MmuCTW9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_864_zg3PeS63SG85">Advertising Costs</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Advertising costs are expensed as incurred. Advertising costs were $<span id="xdx_905_eus-gaap--AdvertisingExpense_c20230101__20231231_pn3n3" title="Advertising cost">39</span> thousand and $<span id="xdx_907_eus-gaap--AdvertisingExpense_c20220101__20221231_pn3n3" title="Advertising cost">60</span> thousand for the years ended December 31, 2023, and 2022, respectively, and are included in Sales and Marketing on the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--ResearchAndDevelopmentExpensePolicy_zLwhZwgvRmG2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86C_zPT4xgIIyWeh">Research and Development Costs</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In accordance with FASB ASC 730, research and development costs are expensed when incurred. Research and development costs for the years ended December 31, 2023, and 2022 were $<span id="xdx_90A_eus-gaap--ResearchAndDevelopmentExpense_c20230101__20231231_pn3n3" title="Research and development costs">107</span> thousand and $<span id="xdx_904_eus-gaap--ResearchAndDevelopmentExpense_c20220101__20221231_pn3n3" title="Research and development costs">89</span> thousand, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84A_eus-gaap--IncomeTaxPolicyTextBlock_zkj0nJcZq1x8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zMeLuAv03a91">Income Taxes</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows FASB ASC 740, “Income Taxes,” when accounting for income taxes, which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for temporary differences between the financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. Tax years from 2004 remain subject to examination by major tax jurisdictions due the carryforward of unutilized NOLs. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock>
<vrme:NatureOfBusinessPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000773">
<p id="xdx_845_ecustom--NatureOfBusinessPolicyTextBlock_z5Op3bEy4Dr3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_863_zUYryQO3SsT9">Nature of the Business</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">VerifyMe, Inc. (“VerifyMe”) was incorporated in the State of Nevada on November 10, 1999. VerifyMe, together with its subsidiaries, including PeriShip Global LLC (“PeriShip Global”) and Trust Codes Global Limited (“Trust Codes Global”), (together the “Company,” “we,” “us,” or “our”) is based in Lake Mary, Florida and its common stock, par value $<span id="xdx_902_eus-gaap--CommonStockParOrStatedValuePerShare_c20231231_pdd" title="Common stock, par value (in dollars per share)"><span id="xdx_901_eus-gaap--CommonStockParOrStatedValuePerShare_c20221231_pdd" title="Common stock, par value (in dollars per share)">0.001</span></span> per share, and warrants to purchase common stock are traded on The Nasdaq Capital Market (“Nasdaq”) under the trading symbols “VRME” and “VRMEW,” respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company operates a Precision Logistics Segment and an Authentication Segment to provide specialized logistics for time-and-temperature sensitive products, as well as item level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. Through our Precision Logistics segment, we provide a value-added service for sensitive parcel management driven by a proprietary software platform that provides predictive analytics from key metrics such as pre-shipment weather analysis, flight-tracking, sort volumes, and traffic, delivered to customers via a secure portal. The portal provides real-time visibility into shipment transit and last-mile events which is supported by a service center. Through our Authentication segment our technologies enable brand owners to gather business intelligence through the supply chain, cross-sell products, detect counterfeit activities, monitor product diversion, and build brand loyalty utilizing our unique dynamic codes which are read by consumers with their smart phones. Further information regarding our business segments is discussed below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s activities are subject to significant risks and uncertainties. See the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in this report.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</vrme:NatureOfBusinessPolicyTextBlock>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2023-12-31" decimals="INF" id="Fact000775" unitRef="USDPShares"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2022-12-31" decimals="INF" id="Fact000777" unitRef="USDPShares"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:PriorPeriodReclassificationAdjustmentDescription contextRef="From2023-01-01to2023-12-31" id="Fact000779">
<p id="xdx_849_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zUI4WNw2Q3w2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zUFDhVhRinbb">Reclassifications</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Certain amounts presented for the year ended December 31, 2022, reflect reclassifications made to conform to the presentation in our current reporting period. These reclassifications had no effect on the previously reported net loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
</us-gaap:PriorPeriodReclassificationAdjustmentDescription>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000781">
<p id="xdx_844_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_z872t4a3I3Al" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_864_zNvt9wIMEXxi">Basis of Presentation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The accompanying consolidated financial statements include the accounts of VerifyMe and its wholly owned subsidiaries PeriShip Global and Trust Codes Global. All significant intercompany balances and transactions have been eliminated upon consolidation. The consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:UseOfEstimates contextRef="From2023-01-01to2023-12-31" id="Fact000783">
<p id="xdx_842_eus-gaap--UseOfEstimates_zX8tW1qKkiXb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_866_zEt5c1721Jq9">Use of Estimates</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:UseOfEstimates>
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000785">
<p id="xdx_845_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zvH9rAJTWkx4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zYl62FJgsfu3">Recent Accounting Pronouncements </span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities with a single reportable segment to provide all the disclosures required by this standard and all existing segment disclosures in Topic 280 on an interim and annual basis, including new requirements to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the reported measure(s) of a segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported measure(s) of a segment's profit or loss to assess performance and decide how to allocate resources. The guidance is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively with early adoption permitted. The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements and disclosures. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">In October 2021, the FASB issued Accounting Standards Update No. 2021-08, <i>Accounting for Contract Assets and Contract Liabilities from Contracts with Customers</i> (“ASU 2021-08”). ASU 2021-08 amends ASC 805 to require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The Company adopted the new standard beginning January 1, 2023, and did not have an effect on its financial position, results of operations or cash flows.</span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2023-01-01to2023-12-31" id="Fact000792">
<p id="xdx_840_eus-gaap--FairValueOfFinancialInstrumentsPolicy_zHwcNdZOpPpe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86A_ze8wCM7xVeS4">Fair Value of Financial Instruments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial instruments consist of accounts receivable, unbilled revenue, accounts payable, notes payable and accrued expenses, equity investments, and long-term derivative liabilities. The carrying value of accounts receivable, unbilled revenue, accounts payable and accrued expenses approximate their fair value because of their short maturities.  The Company believes the carrying amount of its notes payable approximates fair value based on rates and other terms currently available to the Company for similar debt instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows FASB ASC 820, “Fair Value Measurements and Disclosures,” and applies it to all assets and liabilities that are being measured and reported on a fair value basis. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 1: Quoted market prices in active markets for identical assets or liabilities</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Level 3: Unobservable inputs that are not corroborated by market data</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The level in the fair value within which a fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table presents the Company’s financial instruments that are measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of December 31, 2023 and December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Amounts in Thousands ('000)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisTextBlock_pn3n3_zGj6YHjyv1g6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B5_zkvr4eiNUGp1" style="display: none">Schedule of fair value assets measured on recurring basis</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Short Term Investment</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Derivative Asset <br/>(Liability)</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Contingent Consideration</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 1)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 3)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%">Balance as of December 31, 2022</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--ShortTermInvestments_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zAiMojCFTiYg" style="width: 12%; text-align: right" title="Short Term Investment at beginning">100</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--DerivativeLiabilitiesNoncurrent_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zzKY4DBiEcsd" style="width: 12%; text-align: right" title="Derivative Liability at beginning">(3</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNS_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_ziC1Az5nBH0j" style="width: 12%; text-align: right" title="Contingent Consideration at beginning"><span style="-sec-ix-hidden: xdx2ixbrl0800">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on fair value recognized in other income (expense)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--LossOnFairValueRecognizedInOtherIncomeExpense_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Loss on fair value recognized in other income (expense)">(100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Contingent consideration at issuance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ContingentConsiderationAtIssuance_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Contingent consideration at issuance">(1,125</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value of contingent consideration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ChangeInFairValueOfContingentConsideration_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value of contingent consideration">201</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value to interest rate, SWAP, recognized in other comprehensive loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ChangeInFairValueToInterestRateSwapRecognizedInOtherComprehensiveLoss_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value to interest rate, SWAP, recognized in other comprehensive loss">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ShortTermInvestments_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zVAn3UFOhnab" style="text-align: right" title="Short-Term Investments at end"><span style="-sec-ix-hidden: xdx2ixbrl0810">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--DerivativeLiabilitiesNoncurrent_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z6lxcfow0Uwc" style="text-align: right" title="Derivative Liability at end">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNE_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zRzV6odxLSMk" style="text-align: right" title="Contingent Consideration at end">(924</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A5_zIeYPTjR5oj9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
</us-gaap:FairValueOfFinancialInstrumentsPolicy>
<us-gaap:FairValueAssetsMeasuredOnRecurringBasisTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000794">
<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisTextBlock_pn3n3_zGj6YHjyv1g6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B5_zkvr4eiNUGp1" style="display: none">Schedule of fair value assets measured on recurring basis</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Short Term Investment</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Derivative Asset <br/>(Liability)</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Contingent Consideration</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 1)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">(Level 3)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%">Balance as of December 31, 2022</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--ShortTermInvestments_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zAiMojCFTiYg" style="width: 12%; text-align: right" title="Short Term Investment at beginning">100</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--DerivativeLiabilitiesNoncurrent_iS_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zzKY4DBiEcsd" style="width: 12%; text-align: right" title="Derivative Liability at beginning">(3</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNS_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_ziC1Az5nBH0j" style="width: 12%; text-align: right" title="Contingent Consideration at beginning"><span style="-sec-ix-hidden: xdx2ixbrl0800">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on fair value recognized in other income (expense)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--LossOnFairValueRecognizedInOtherIncomeExpense_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Loss on fair value recognized in other income (expense)">(100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Contingent consideration at issuance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ContingentConsiderationAtIssuance_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Contingent consideration at issuance">(1,125</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value of contingent consideration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ChangeInFairValueOfContingentConsideration_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value of contingent consideration">201</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in fair value to interest rate, SWAP, recognized in other comprehensive loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ChangeInFairValueToInterestRateSwapRecognizedInOtherComprehensiveLoss_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_pn3n3" style="text-align: right" title="Change in fair value to interest rate, SWAP, recognized in other comprehensive loss">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ShortTermInvestments_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zVAn3UFOhnab" style="text-align: right" title="Short-Term Investments at end"><span style="-sec-ix-hidden: xdx2ixbrl0810">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--DerivativeLiabilitiesNoncurrent_iE_pn3n3_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z6lxcfow0Uwc" style="text-align: right" title="Derivative Liability at end">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--ContingentConsiderationClassifiedAsEquityFairValueDisclosure_iNE_pn3n3_di_c20230101__20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zRzV6odxLSMk" style="text-align: right" title="Contingent Consideration at end">(924</td><td style="text-align: left">)</td></tr> </table>
</us-gaap:FairValueAssetsMeasuredOnRecurringBasisTextBlock>
<us-gaap:ShortTermInvestments contextRef="AsOf2022-12-31_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000796" unitRef="USD"> 100000 </us-gaap:ShortTermInvestments>
<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="AsOf2022-12-31_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000798" unitRef="USD"> -3000 </us-gaap:DerivativeLiabilitiesNoncurrent>
<vrme:LossOnFairValueRecognizedInOtherIncomeExpense contextRef="From2023-01-012023-12-31_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000802" unitRef="USD"> -100000 </vrme:LossOnFairValueRecognizedInOtherIncomeExpense>
<vrme:ContingentConsiderationAtIssuance contextRef="From2023-01-012023-12-31_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000804" unitRef="USD"> -1125000 </vrme:ContingentConsiderationAtIssuance>
<vrme:ChangeInFairValueOfContingentConsideration contextRef="From2023-01-012023-12-31_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000806" unitRef="USD"> 201000 </vrme:ChangeInFairValueOfContingentConsideration>
<vrme:ChangeInFairValueToInterestRateSwapRecognizedInOtherComprehensiveLoss contextRef="From2023-01-012023-12-31_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000808" unitRef="USD"> 7000 </vrme:ChangeInFairValueToInterestRateSwapRecognizedInOtherComprehensiveLoss>
<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="AsOf2023-12-31_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000812" unitRef="USD"> 4000 </us-gaap:DerivativeLiabilitiesNoncurrent>
<us-gaap:ContingentConsiderationClassifiedAsEquityFairValueDisclosure contextRef="AsOf2023-12-31_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact000814" unitRef="USD"> 924000 </us-gaap:ContingentConsiderationClassifiedAsEquityFairValueDisclosure>
<vrme:VariableInterestEntityPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000820">
<p id="xdx_84D_ecustom--VariableInterestEntityPolicyTextBlock_zxONTf0JlAQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white"><b><i><span style="text-decoration: underline"><span id="xdx_868_zHqIkovwbop2">Variable Interest Entity</span></span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">The Company determined that G3 VRM Acquisition Corp. (NASDAQ: GGGVU) (the “SPAC”, see Note 2 – Equity Investments), a Delaware corporation and special purpose acquisition company, was a variable interest entity (“VIE”) in which the Company had a variable interest but was not the primary beneficiary. Making the determination as to whether a VIE should be consolidated requires judgement in assessing if the Company is the primary beneficiary. To make this determination, the Company evaluated its power to direct the activities that most significantly impacted the VIE’s economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the SPAC. The Company concluded that it was not the primary beneficiary of the VIE and as such, did not consolidate the SPAC. The Company reassessed its evaluation of whether an entity is a VIE and if it continues to be a VIE, whether the Company is the primary beneficiary of the VIE, on an ongoing basis based on the current facts and circumstances surrounding the entity. The SPAC was unable to complete its initial business combination within 12 months from the closing of the IPO, and the Sponsor Entity made the decision not to fund the extension and did not deposit additional funds into the trust account. As a result, the SPAC was dissolved, and liquidated according to its charter. The SPAC redeemed 100% of the public shares for cash, the rights have expired worthless, and the founder shares and the private placement securities have become worthless.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>
</vrme:VariableInterestEntityPolicyTextBlock>
<us-gaap:SegmentReportingPolicyPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000822">
<p id="xdx_849_eus-gaap--SegmentReportingPolicyPolicyTextBlock_ze2XHNtDRX0d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zKAi36Ms8Dye">Segment Reporting</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding the method by which to allocate resources and assess performance. The Company has two reportable segments, namely, (i) Precision Logistics (formerly PeriShip Global) and (ii) Authentication (formerly VerifyMe Solutions). See Note 16 Segment Reporting, for further discussion of the Company’s segment reporting structure. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:SegmentReportingPolicyPolicyTextBlock>
<us-gaap:BusinessCombinationsAndOtherPurchaseOfBusinessTransactionsPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000829">
<p id="xdx_84C_eus-gaap--BusinessCombinationsAndOtherPurchaseOfBusinessTransactionsPolicyTextBlock_zLDf7pmHJvL7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_862_zjASOY4vztub">Business Combinations</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applies the provisions of Accounting Standard Codification (“ASC”) Topic 805, Business Combinations, in the accounting for business acquisitions. ASC 805 requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the identifiable assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately apply preliminary value to assets acquired and liabilities assumed at the acquisition date, where applicable, these estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments in the current period, rather than a revision to a prior period. Upon the conclusion of the measurement period or final determination of the values of the assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in the Consolidated Statements of Operations. Accounting for business combinations requires management to make significant estimates and assumptions, especially at the acquisition date, including estimates for intangible assets where applicable. Although the Company believes the assumptions and estimates made have been reasonable and appropriate, they are based in part on information obtained from management of the acquired companies and are inherently uncertain. Unanticipated events and circumstances may occur that may affect the accuracy or validity of such assumptions, estimates, or actual results.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:BusinessCombinationsAndOtherPurchaseOfBusinessTransactionsPolicyTextBlock>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000831">
<p id="xdx_84A_eus-gaap--EarningsPerSharePolicyTextBlock_zbNYhDXVEn03" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_86C_zbHjhx6hMoJl">Basic and Diluted Net Loss per Share of Common Stock</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows Financial Accounting Standards Board (“FASB”) ASC 260, “Earnings Per Share,” when reporting earnings per share resulting in the presentation of basic and diluted earnings per share.  Because the Company reported a net loss for each of the periods presented, common stock equivalents, including preferred stock, stock options and warrants were anti-dilutive; therefore, the amounts reported for basic and diluted loss per share were the same. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, there were shares potentially issuable, that could dilute basic earnings per share in the future that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive to the Company’s losses during the years presented. For the year ended December 31, 2023, there were approximately <span id="xdx_908_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231_pdd" title="Anti-dilutive shares">8,286,000</span> anti-dilutive shares consisting of <span id="xdx_904_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_pdd" title="Anti-dilutive shares">1,439,000</span> unvested performance restricted stock units, <span id="xdx_901_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Anti-dilutive shares">816,000</span> restricted stock units, restricted stock awards and options under the stock purchase plan, <span id="xdx_901_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_pdd" title="Anti-dilutive shares">301,000</span> shares issuable upon exercise of stock options, <span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_zsF8YuWmIzgf" title="Anti-dilutive shares">4,629,000 </span>shares issuable upon exercise of warrants, <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvetibleDebtMember_zXXsLlmtRDbk" title="Anti-dilutive shares">957,000</span> shares issuable upon conversion of convertible debt, and <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--PreferredStocksMember_z83DNbLCCrxe" title="Anti-dilutive shares">144,000</span> shares issuable upon conversion of preferred stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
</us-gaap:EarningsPerSharePolicyTextBlock>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact000833" unitRef="Shares"> 8286000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact000835" unitRef="Shares"> 1439000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_us-gaap_RestrictedStockUnitsRSUMember" decimals="INF" id="Fact000837" unitRef="Shares"> 816000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_us-gaap_StockOptionMember" decimals="INF" id="Fact000839" unitRef="Shares"> 301000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_WarrantsMember" decimals="INF" id="Fact000841" unitRef="Shares"> 4629000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_ConvetibleDebtMember" decimals="INF" id="Fact000843" unitRef="Shares"> 957000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_PreferredStocksMember" decimals="INF" id="Fact000845" unitRef="Shares"> 144000 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy contextRef="From2023-01-01to2023-12-31" id="Fact000852">
<p id="xdx_841_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_z4QaF6750MC1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_867_zvE8ki7W7vT2">Restricted Cash</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated statements of cash flows (dollars in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_pn3n3_zbfAtmfH5hGe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span id="xdx_8B9_zDBq78OeOnjg" style="display: none">Schedule of restricted cash</span></td><td> </td> <td colspan="2" id="xdx_497_20231231" style="text-align: right; white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" id="xdx_496_20221231" style="text-align: right; white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span style="display: none"></span></td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">As of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_409_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzOjk_zO2Ucgw7FVi4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Cash and cash equivalents</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,348</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--RestrictedCash_iI_pn3n3_maCCERCzOjk_zv1fMtBIPRac" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Restricted cash</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iTI_pn3n3_mtCCERCzOjk_zNSL5ngCOUub" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total cash and cash equivalents including restricted cash</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,095</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,411</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zz0EWq6IHJtk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company classifies cash and cash equivalents that are restricted from operating use for the next twelve months as restricted cash. As of December 31, 2023, and December 31, 2022, the Company held $<span id="xdx_90B_eus-gaap--RestrictedCash_c20231231_pn3n3" title="Restricted Cash"><span id="xdx_90A_eus-gaap--RestrictedCash_c20221231_pn3n3" title="Restricted Cash">63</span></span> thousand subject to restrictions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
</us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy>
<us-gaap:ScheduleOfRestrictedCashAndCashEquivalentsTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000854">
<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_pn3n3_zbfAtmfH5hGe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span id="xdx_8B9_zDBq78OeOnjg" style="display: none">Schedule of restricted cash</span></td><td> </td> <td colspan="2" id="xdx_497_20231231" style="text-align: right; white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" id="xdx_496_20221231" style="text-align: right; white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> <span style="display: none"></span></td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">As of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_409_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzOjk_zO2Ucgw7FVi4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Cash and cash equivalents</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">3,348</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--RestrictedCash_iI_pn3n3_maCCERCzOjk_zv1fMtBIPRac" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Restricted cash</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">63</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iTI_pn3n3_mtCCERCzOjk_zNSL5ngCOUub" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total cash and cash equivalents including restricted cash</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,095</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,411</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:ScheduleOfRestrictedCashAndCashEquivalentsTextBlock>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2023-12-31" decimals="-3" id="Fact000856" unitRef="USD"> 3032000 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2022-12-31" decimals="-3" id="Fact000857" unitRef="USD"> 3348000 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:RestrictedCash contextRef="AsOf2023-12-31" decimals="-3" id="Fact000859" unitRef="USD"> 63000 </us-gaap:RestrictedCash>
<us-gaap:RestrictedCash contextRef="AsOf2022-12-31" decimals="-3" id="Fact000860" unitRef="USD"> 63000 </us-gaap:RestrictedCash>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2023-12-31" decimals="-3" id="Fact000862" unitRef="USD"> 3095000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="AsOf2022-12-31" decimals="-3" id="Fact000863" unitRef="USD"> 3411000 </us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
<us-gaap:RestrictedCash contextRef="AsOf2023-12-31" decimals="-3" id="Fact000865" unitRef="USD"> 63000 </us-gaap:RestrictedCash>
<us-gaap:RestrictedCash contextRef="AsOf2022-12-31" decimals="-3" id="Fact000867" unitRef="USD"> 63000 </us-gaap:RestrictedCash>
<vrme:ConcentrationOfCreditRiskInvolvingCashAndCashEquivalentsPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000869">
<p id="xdx_847_ecustom--ConcentrationOfCreditRiskInvolvingCashAndCashEquivalentsPolicyTextBlock_zc7LnQdEYdP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zUS5dDgN3MO3">Concentration of Credit Risk Involving Cash and Cash Equivalents</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s cash and cash equivalents are held at various financial institutions. At times, the Company’s deposits may exceed Federal Deposit Insurance Corporation (FDIC) coverage limits which are currently set at $<span id="xdx_905_eus-gaap--CashFDICInsuredAmount_iI_pn3p0_c20231231_zZuCfNAb8bz8" title="FDIC insured limit">250,000</span> per depositor. The Company has not experienced any losses from maintaining cash accounts in excess of federally insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
</vrme:ConcentrationOfCreditRiskInvolvingCashAndCashEquivalentsPolicyTextBlock>
<us-gaap:CashFDICInsuredAmount contextRef="AsOf2023-12-31" decimals="-3" id="Fact000871" unitRef="USD"> 250000 </us-gaap:CashFDICInsuredAmount>
<us-gaap:ReceivablesPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000873">
<p id="xdx_849_eus-gaap--ReceivablesPolicyTextBlock_z6X7TtfPpUAh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86D_zFUbPFBj8ILa">Accounts Receivable</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Bad debts expense or write offs of receivables are determined on the basis of loss experience, known and inherent risks in the receivable portfolio and current economic conditions. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, such allowances may be required. The Company recognized $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_c20231231_pn3n3" title="Allowance for doubtful accounts">139</span> thousand and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivable_c20221231_pn3n3" title="Allowance for doubtful accounts">37</span> thousand for allowance for credit losses as of December 31, 2023, and 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:ReceivablesPolicyTextBlock>
<us-gaap:AllowanceForDoubtfulAccountsReceivable contextRef="AsOf2023-12-31" decimals="-3" id="Fact000875" unitRef="USD"> 139000 </us-gaap:AllowanceForDoubtfulAccountsReceivable>
<us-gaap:AllowanceForDoubtfulAccountsReceivable contextRef="AsOf2022-12-31" decimals="-3" id="Fact000877" unitRef="USD"> 37000 </us-gaap:AllowanceForDoubtfulAccountsReceivable>
<us-gaap:EquityMethodInvestmentsPolicy contextRef="From2023-01-01to2023-12-31" id="Fact000879">
<p id="xdx_848_eus-gaap--EquityMethodInvestmentsPolicy_zu4fbi14nrK4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86E_zJCesWnhTX0g">Equity Investments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">When the Company does not have a controlling financial interest in an entity but can exert influence over the entity’s operations and financial policies, the investment is accounted for either (i) under the equity method of accounting or (ii) at fair value by electing the fair value option available under applicable generally accepted accounting policies. The Company has elected the fair value option for its equity security under prepaid expenses and other current assets on the Consolidated Balance Sheets, as it has determined the fair value best reflects the economic performance of the equity investment. Changes in unrecognized gain or loss of the fair value of the equity investments are included in Other income (expense) on the accompanying Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:EquityMethodInvestmentsPolicy>
<us-gaap:InventoryPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000881">
<p id="xdx_84B_eus-gaap--InventoryPolicyTextBlock_zuDMNgAVdhba" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zgzvcaFYNl8k">Inventory</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inventory principally consists of canisters and pigments and is stated at the lower of cost (determined by the first-in, first-out method) or net realizable value. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the assets. During the year ended December 31, 2023, the Company impaired $<span id="xdx_90D_eus-gaap--InventoryWriteDown_c20230101__20231231_pn3n3" title="Inventory write-down">100</span> thousand related to inventory in our Authentication segment, related to raw material to record at fair market value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:InventoryPolicyTextBlock>
<us-gaap:InventoryWriteDown contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000883" unitRef="USD"> 100000 </us-gaap:InventoryWriteDown>
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000885">
<p id="xdx_84D_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zZmh2rboWF31" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_867_zjuMwTEJ8wQ">Equipment for Lease</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equipment for lease principally consists of costs associated with the development, certification and production of the VerifyChecker™ and the VerifyAuthenticator<sup>TM</sup> Smartphone Authenticator technology. These technologies are leased to customers typically for a period of one year in length with <span id="xdx_90F_ecustom--DescriptionOfLeaseTerms_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EquipmentForLeaseMember" title="Description of lease terms">automatically renewable leases cancellable by either party by written notice provided 90 days in advance.</span> We examined the effect of Accounting Standards Update (“ASU”) No. 2016-02- “Lease (Topic 842)” and determined the impact is not material. Our policy is to capitalize the costs related to this equipment and depreciate on a straight-line basis over the estimated lives of the equipment which was determined to be <span id="xdx_908_ecustom--MaturityTermsOfLease_dtY_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EquipmentForLeaseMember_zdfHF47LwfKi" title="Maturity terms of lease">5</span> years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
<vrme:DescriptionOfLeaseTerms contextRef="From2023-01-012023-12-31_custom_EquipmentForLeaseMember" id="Fact000887"> automatically renewable leases cancellable by either party by written notice provided 90 days in advance. </vrme:DescriptionOfLeaseTerms>
<vrme:MaturityTermsOfLease contextRef="From2023-01-012023-12-31_custom_EquipmentForLeaseMember" id="Fact000889"> P5Y </vrme:MaturityTermsOfLease>
<us-gaap:InternalUseSoftwarePolicy contextRef="From2023-01-01to2023-12-31" id="Fact000896">
<p id="xdx_841_eus-gaap--InternalUseSoftwarePolicy_zTe9JFR5uAbb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_864_zB8oyxIRiEia">Capitalized Software</span> </span></i></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Costs incurred in connection with the development of software related to our proprietary proactive end-to-end logistics management products are accounted for in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 “Hosting Arrangements and Internally Used Software.” Costs incurred prior to the establishment of technological feasibility are charged to research and development expense. Software development costs are capitalized after a product is determined to be technologically feasible and is in the process of being developed for market. Amortization of capitalized software development costs begins once the product is available to the market. Capitalized software development costs are amortized over the estimated life of the related product, generally six years, using the straight-line method. The Company will evaluate its software assets for impairment whenever events or change in circumstances indicate that the carrying amount of such assets may not be recoverable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:InternalUseSoftwarePolicy>
<us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000898">
<p id="xdx_841_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zP4KAKGpYlx4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_zYlVTYo21L05">Long-Lived Assets</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluates the recoverability of its long-lived assets in accordance with ASC 360 “Property, Plant, and Equipment.” The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets are measured by a comparison of the carrying amount of an asset to future cash flows expected to be generated by the asset, undiscounted and without interest or independent appraisals. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>
<us-gaap:GoodwillAndIntangibleAssetsGoodwillPolicy contextRef="From2023-01-01to2023-12-31" id="Fact000900">
<p id="xdx_842_eus-gaap--GoodwillAndIntangibleAssetsGoodwillPolicy_zBcQpfknICC2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_868_zvKw9M2a6kXk">Goodwill</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Goodwill represents the excess of purchase price over the fair value of net assets acquired in business combinations. Pursuant to ASC 350, the Company tests goodwill for impairment on an annual basis in the fourth quarter, or between annual tests, in certain circumstances. Under authoritative guidance, the Company first assessed qualitative factors to determine whether it was necessary to perform the quantitative goodwill impairment test. The assessment considers factors such as, but not limited to, macroeconomic conditions, data showing other companies in the industry and our share price. An entity is not required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. Events or changes in circumstances which could trigger an impairment review include macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, other entity specific events and sustained decrease in share price.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:GoodwillAndIntangibleAssetsGoodwillPolicy>
<us-gaap:DerivativesPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000902">
<p id="xdx_843_eus-gaap--DerivativesPolicyTextBlock_zxvCeBSyxoBc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zJusQPau5Di1">Derivative Instruments</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluates its equity investments, long-term derivative liabilities, preferred stock, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, “Distinguish by Liabilities from Equity” (FASB ASC 480), and FASB ASC 815, “Derivatives and Hedging” (“FASB ASC 815”). The result of this accounting treatment is that the fair value of the embedded derivative, if required to be bifurcated, is marked-to-market at each balance sheet date and recorded as an asset or liability. The change in fair value is recorded in the Consolidated Statement of Operations as a component of other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The classification of derivative instruments, including whether such instruments should be recorded as assets, liabilities or as equity, is re-assessed at the end of each reporting period. Equity instruments that are initially classified as equity that become subject to reclassification are reclassified as assets or liabilities at the fair value of the instrument on the reclassification date. Derivative instrument as assets or liabilities will be classified in the balance sheet as current or non-current based on whether net-cash settlement of the derivative instrument is expected within 12 months of the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:DerivativesPolicyTextBlock>
<us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000909">
<p id="xdx_84C_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zxvRUt3GABB4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline"><span id="xdx_863_zNNbqMYBcj8l">Foreign Currency Translation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The functional currency of our New Zealand operations is the local currency, New Zealand dollar (NZD). The translation of the foreign currency into U. S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts using the weighted average exchange rates prevailing during the year. The unrealized gains and losses resulting from such translation are included as a component of comprehensive income. Translation gains and losses arising from currency exchange rate fluctuations on transactions denominated in a currency other than the local functional currency are included in “General and administrative” on our Consolidated Statements of Operations. The unrealized foreign currency transaction losses for the years ended December 31, 2023 and December 31, 2022, were $<span id="xdx_904_eus-gaap--ForeignCurrencyTransactionGainLossUnrealizedAfterTax_pn3n3_c20230101__20231231_zN0DxsevGkT7" title="Unrealized foreign currency transaction losses">5</span> thousand and $<span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionGainLossUnrealizedAfterTax_pn3n3_c20220101__20221231_zY9NtE6uii1" title="Unrealized foreign currency transaction losses">0</span> thousand, respectively. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
<us-gaap:ForeignCurrencyTransactionGainLossUnrealizedAfterTax contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000911" unitRef="USD"> 5000 </us-gaap:ForeignCurrencyTransactionGainLossUnrealizedAfterTax>
<us-gaap:ForeignCurrencyTransactionGainLossUnrealizedAfterTax contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000913" unitRef="USD"> 0 </us-gaap:ForeignCurrencyTransactionGainLossUnrealizedAfterTax>
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000915">
<p id="xdx_846_eus-gaap--RevenueRecognitionPolicyTextBlock_zJ2HabE2Zx88" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_862_zU7z8o9pOFp2">Revenue Recognition</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for revenues according to Accounting Standards Codification (“ASC”) Topic 606, “<i>Revenue from Contracts with Customers”</i> which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applies the following five steps, separated by reportable segments, in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements. For more detailed information about reportable segments, see Note 16 – Segment reporting. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>identify the contract with a customer;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>identify the performance obligations in the contract;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>determine the transaction price;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>allocate the transaction price to performance obligations in the contract; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td>recognize revenue as the performance obligation is satisfied.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company generally considers completion of an agreement, or Statement of Work (“SOW”) and/or purchase order as a customer contract, provided collection is considered probable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Precision Logistics</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Precision Logistics segment consists of two service lines, Proactive and Premium. Under our Proactive service line, clients pay us directly for carrier service coupled with our proactive logistics service. Terms typically range 7 days and no longer than 30 days. The Company has determined it is the principal and recognizes shipment fees in gross revenue. Under our Premium service line, we provide complete white-glove shipping monitoring and predictive analytics services. This service includes customer web portal access, weather monitoring, temperature control, full service center support and last mile resolution. Payment terms are typically 30 - 45 days.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under both service lines in our Precision Logistics segment, our performance obligation is met, and revenue is recognized, when the packages are delivered. The transaction fees consist of fixed consideration made up of amounts contractually billed to the customer. There are no variable considerations in the transaction fee, in either service line.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Authentication</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Authentication segment primarily consists of our brand protection service line which consists of a custom suite of products that offer clients traceability and brand solutions. Terms typically range between 30 and 90 days. Our performance obligation is met, and revenue is recognized, when our products are shipped or delivered depending on the specific agreement with the customer. The transaction fee is made up of fixed consideration based on the related purchase order or agreement. Warranties and other variable considerations are analyzed by the Company, in terms of historical warranties, current economic trends, and changes in customer demand, and have been determined to be insignificant in the twelve months ended December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="From2023-01-01to2023-12-31" id="Fact000922">
<p id="xdx_842_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zwNrATBUYIA4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_860_zrJJ7usUcF84">Stock-Based Compensation</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We account for stock-based compensation under the provisions of FASB ASC 718, “Compensation—Stock Compensation”, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees and directors based on estimated fair values on the grant date. We estimate the fair value of stock-based awards on the date of grant using the Black-Scholes model. The assumptions used in the Black-Scholes option pricing model include risk-free interest rates, expected volatility and expected life of the stock options. Changes in these assumptions can materially affect estimates of fair value stock-based compensation, and the compensation expense recorded in future periods. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line method. We recognize forfeitures as they occur with a reduction in compensation expense in the period of forfeiture. For performance restricted stock units with stock price appreciation targets (see Note 10 – Stock Options, Restricted Stock and Warrants), we applied a lattice approach that incorporated a Monte Carlo simulation, which involved random iterations that took different future price paths over the RSU’s contractual life based on the appropriate probability distributions (which are based on commonly applied Black Scholes inputs). The fair value was determined by taking the average of the grant date fair values under each Monte Carlo simulation trial. We recognize compensation expense on a straight-line basis over the performance period and there is no ongoing adjustment or reversal based on actual achievement during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We account for stock-based compensation awards to non-employees in accordance with ASU No. 2018-07, Compensation – Stock Based Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which aligns accounting for share-based payments issued to nonemployees to that of employees under the existing guidance of Topic 718, with certain exceptions. This update supersedes previous guidance for equity-based payments to nonemployees under Subtopic 505-50, Equity – Equity-Based Payments to Non-Employees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All issuances of stock options or other equity instruments to non-employees as consideration for goods or services received by the Company are accounted for based on the fair value of the equity instruments issued. Non-employee equity-based payments are recorded as an expense over the service period, as if we had paid cash for the services. At the end of each financial reporting period, prior to vesting or prior to the completion of the services, the fair value of the equity-based payments will be re-measured, and the non-cash expense recognized during the period will be adjusted accordingly. Since the fair value of equity-based payments granted to non-employees is subject to change in the future, the amount of the future expense will include fair value re-measurements until the equity-based payments are fully vested or the service completed.<b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
<us-gaap:AdvertisingCostsPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000929">
<p id="xdx_84A_eus-gaap--AdvertisingCostsPolicyTextBlock_zYbq4MmuCTW9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_864_zg3PeS63SG85">Advertising Costs</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Advertising costs are expensed as incurred. Advertising costs were $<span id="xdx_905_eus-gaap--AdvertisingExpense_c20230101__20231231_pn3n3" title="Advertising cost">39</span> thousand and $<span id="xdx_907_eus-gaap--AdvertisingExpense_c20220101__20221231_pn3n3" title="Advertising cost">60</span> thousand for the years ended December 31, 2023, and 2022, respectively, and are included in Sales and Marketing on the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:AdvertisingCostsPolicyTextBlock>
<us-gaap:AdvertisingExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000931" unitRef="USD"> 39000 </us-gaap:AdvertisingExpense>
<us-gaap:AdvertisingExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000933" unitRef="USD"> 60000 </us-gaap:AdvertisingExpense>
<us-gaap:ResearchAndDevelopmentExpensePolicy contextRef="From2023-01-01to2023-12-31" id="Fact000935">
<p id="xdx_843_eus-gaap--ResearchAndDevelopmentExpensePolicy_zLwhZwgvRmG2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86C_zPT4xgIIyWeh">Research and Development Costs</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In accordance with FASB ASC 730, research and development costs are expensed when incurred. Research and development costs for the years ended December 31, 2023, and 2022 were $<span id="xdx_90A_eus-gaap--ResearchAndDevelopmentExpense_c20230101__20231231_pn3n3" title="Research and development costs">107</span> thousand and $<span id="xdx_904_eus-gaap--ResearchAndDevelopmentExpense_c20220101__20221231_pn3n3" title="Research and development costs">89</span> thousand, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:ResearchAndDevelopmentExpensePolicy>
<us-gaap:ResearchAndDevelopmentExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000937" unitRef="USD"> 107000 </us-gaap:ResearchAndDevelopmentExpense>
<us-gaap:ResearchAndDevelopmentExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000939" unitRef="USD"> 89000 </us-gaap:ResearchAndDevelopmentExpense>
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000941">
<p id="xdx_84A_eus-gaap--IncomeTaxPolicyTextBlock_zkj0nJcZq1x8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_86B_zMeLuAv03a91">Income Taxes</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company follows FASB ASC 740, “Income Taxes,” when accounting for income taxes, which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for temporary differences between the financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. Tax years from 2004 remain subject to examination by major tax jurisdictions due the carryforward of unutilized NOLs. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:IncomeTaxPolicyTextBlock>
<us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000943">
<p id="xdx_804_eus-gaap--EquityMethodInvestmentsDisclosureTextBlock_zTZYr1f9K08j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 2 – <span id="xdx_82D_zUbzZokTrAob">EQUITY INVESTMENTS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In December 2021, the Company acquired <span id="xdx_909_ecustom--CumulativeConvertiblePreferredStockShares_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_pdd" title="Cumulative convertible preferred stock shares">8,841</span> shares of <span id="xdx_904_eus-gaap--PreferredStockConvertibleConversionRatio_iI_pid_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_z5xPocQ5tCI4" title="Cumulative convertible preferred stock ratio">10%</span> Cumulative Convertible Series D Preferred Stock at a price of $<span id="xdx_90A_eus-gaap--PreferredStockConvertibleConversionPrice_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_pdd" title="Cumulative convertible preferred stock price">10.00</span> per share as payment for a customer’s outstanding AR balance of $<span id="xdx_906_eus-gaap--ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_pn3n3" title="Cumulative convertible preferred stock value">88,410</span>. This instrument is considered an equity security within the scope of Topic 321 since the issuing entity has the option but no contractual obligation to redeem the preferred stock, and the Company can convert the preferred shares to common stock. During the year ended December 31, 2023, the Company determined that it would not be able to redeem the value of its investment and recorded a loss of $<span id="xdx_90D_eus-gaap--EquityMethodInvestmentRealizedGainLossOnDisposal_c20230101__20231231_pn3n3" title="Loss on equity investment">100</span> thousand bringing down the value of the equity investment to $<span id="xdx_909_ecustom--EquityInvestmentsFairValue1_c20231231_pn3n3" title="Fair value of equity investment">0</span> as of December 31, 2023. The fair value of the equity investment was $<span id="xdx_908_ecustom--EquityInvestmentsFairValue1_c20221231_pn3n3" title="Fair value of equity investment">100</span> thousand as of December 31, 2022, and included in Prepaid expenses and other current assets on the accompanying Consolidated Balance Sheets. The fair value of the equity investment is classified as Level 1 in the fair value hierarchy as the calculation is dependent upon the quoted market price of the entity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 26, 2021, the Company formed VMEA Holdings Inc. (the “Sponsor Entity”), a Delaware corporation that was the founder of G3 VRM Acquisition Corp. (the “SPAC”) that was being co-sponsored by the Company.  The SPAC was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 12, 2021, the Sponsor Entity converted to a Delaware limited liability company, changed its name to “G3 VRM Holdings LLC” and a co-sponsor was added as a member of the Sponsor Entity resulting in an equity interest of <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_c20210412__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--CoSponsorMember_zyrCPqOIoSij" title="Equity Method Investment, Ownership Percentage">44.40%</span> attributed to the Company. On July 6, 2021, the SPAC consummated the IPO of <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pdd" title="Number of units issued in transaction">10,626,000</span> units (the “Units”), including <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_pdd" title="Number of units issued in transaction">626,000</span> Units pursuant to the partial exercise of the underwriter’s over-allotment option, generating gross proceeds of $106,260 thousand. Each Unit consisted of one share of SPAC common stock, $0.0001 par value, and one right to receive one-tenth (1/10) of a share of SPAC common stock upon the consummation of an initial business combination. Simultaneously with the closing of the IPO, the SPAC consummated the Private Placement of an aggregate of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_pdd" title="Number of units issued in transaction">569,410</span> Units with the Sponsor Entity purchasing <span id="xdx_900_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--SubsidiarySaleOfStockAxis__custom--SponsorEntityMember_pdd" title="Number of units issued in transaction">516,280</span> Units and Maxim Partners LLC purchasing <span id="xdx_90E_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--SubsidiarySaleOfStockAxis__custom--MaximPartnersLLCMember_pdd" title="Number of units issued in transaction">53,130</span> Units, generating total proceeds of $<span id="xdx_900_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20210705__20210706__us-gaap--RelatedPartyTransactionAxis__custom--GVRMHoldingsLLCandMaximPartnersLLCMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_pn3n3" title="Proceeds fro sale of stock">5,694</span> thousand. Of this amount, the Company was the indirect beneficial owner of <span id="xdx_904_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20210705__20210706__us-gaap--RelatedPartyTransactionAxis__us-gaap--BeneficialOwnerMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_pdd" title="Number of units issued in transaction">229,228</span> Units purchased by the Sponsor Entity for a total of $<span id="xdx_90B_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20210705__20210706__us-gaap--RelatedPartyTransactionAxis__us-gaap--BeneficialOwnerMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_pn3n3" title="Proceeds fro sale of stock">2,581</span> thousand. Upon consummation of the IPO, VerifyMe, as co-sponsor, indirectly through the Sponsor Entity, beneficially owned approximately <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_c20210706__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GVRMHoldingsLLCMember_zSKLOB9L7VE9" title="Equity Method Investment, Ownership Percentage">9.42%</span> of the outstanding shares of the SPAC, which shares were subject to forfeiture upon certain conditions and restrictions on transfer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a result of ceasing to have a controlling financial interest in the Sponsor Entity on April 12, 2021, the Company accounted for the Sponsor Entity as an equity investment and has elected the fair value option.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SPAC was unable to complete its initial business combination within 12 months from the closing of the IPO and the Sponsor Entity decided not to fund the extension and did not deposit additional funds into the trust account. As a result, the SPAC was dissolved and liquidated in accordance with its charter. The SPAC redeemed 100% of the public shares for cash on July 19, 2022, the rights expired worthless, and the founder shares and private placement securities became worthless. The SPAC was dissolved on July 29, 2022, and no distributions were made to the Sponsors. In December 2022, it was determined that the costs to dissolve the SPAC were ultimately less than the remaining assets of the SPAC and the SPAC made a distribution to the Company of $32 thousand.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of the equity investment was $<span id="xdx_902_ecustom--EquityInvestmentsFairValue1_iI_pn3n3_dm_c20231231_zI6lNjHTUAce" title="Fair value of equity investment">0</span> million as of December 31, 2022. The fair value of the equity investment was classified as Level 3 in the fair value hierarchy as the calculation was dependent upon company specific adjustments to the observable trading price of the SPAC’s public units and shares, and related risk of forfeiture should no business combination occur. The Company recognized a loss on equity investments of $<span id="xdx_902_eus-gaap--EquitySecuritiesFvNiUnrealizedLoss_c20220101__20221231_pn3n3" title="Equity Securities, FV-NI, Unrealized Loss">10,932</span> thousand for the year ended December 31, 2022, included in the Loss on equity investments in the accompanying Consolidated Statements of Operations. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
<vrme:CumulativeConvertiblePreferredStockShares contextRef="AsOf2022-12-31_us-gaap_SeriesDPreferredStockMember" decimals="INF" id="Fact000945" unitRef="Shares"> 8841 </vrme:CumulativeConvertiblePreferredStockShares>
<us-gaap:PreferredStockConvertibleConversionRatio contextRef="AsOf2022-12-31_us-gaap_SeriesDPreferredStockMember" decimals="INF" id="Fact000947" unitRef="Pure"> 0.10 </us-gaap:PreferredStockConvertibleConversionRatio>
<us-gaap:PreferredStockConvertibleConversionPrice contextRef="AsOf2022-12-31_us-gaap_SeriesDPreferredStockMember" decimals="INF" id="Fact000949" unitRef="USDPShares"> 10.00 </us-gaap:PreferredStockConvertibleConversionPrice>
<us-gaap:ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue contextRef="AsOf2022-12-31_us-gaap_SeriesDPreferredStockMember" decimals="-3" id="Fact000951" unitRef="USD"> 88410000 </us-gaap:ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue>
<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact000953" unitRef="USD"> 100000 </us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
<vrme:EquityInvestmentsFairValue1 contextRef="AsOf2023-12-31" decimals="-3" id="Fact000955" unitRef="USD"> 0 </vrme:EquityInvestmentsFairValue1>
<vrme:EquityInvestmentsFairValue1 contextRef="AsOf2022-12-31" decimals="-3" id="Fact000957" unitRef="USD"> 100000 </vrme:EquityInvestmentsFairValue1>
<us-gaap:EquityMethodInvestmentOwnershipPercentage contextRef="AsOf2021-04-12_custom_CoSponsorMember" decimals="INF" id="Fact000959" unitRef="Pure"> 0.4440 </us-gaap:EquityMethodInvestmentOwnershipPercentage>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_us-gaap_IPOMember" decimals="INF" id="Fact000961" unitRef="Shares"> 10626000 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_us-gaap_OverAllotmentOptionMember" decimals="INF" id="Fact000963" unitRef="Shares"> 626000 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_us-gaap_PrivatePlacementMember" decimals="INF" id="Fact000965" unitRef="Shares"> 569410 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_custom_SponsorEntityMember" decimals="INF" id="Fact000967" unitRef="Shares"> 516280 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_custom_MaximPartnersLLCMember" decimals="INF" id="Fact000969" unitRef="Shares"> 53130 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockConsiderationReceivedOnTransaction contextRef="From2021-07-052021-07-06_custom_GVRMHoldingsLLCandMaximPartnersLLCMember_us-gaap_PrivatePlacementMember" decimals="-3" id="Fact000971" unitRef="USD"> 5694000 </us-gaap:SaleOfStockConsiderationReceivedOnTransaction>
<us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction contextRef="From2021-07-052021-07-06_us-gaap_BeneficialOwnerMember_us-gaap_PrivatePlacementMember" decimals="INF" id="Fact000973" unitRef="Shares"> 229228 </us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction>
<us-gaap:SaleOfStockConsiderationReceivedOnTransaction contextRef="From2021-07-052021-07-06_us-gaap_BeneficialOwnerMember_us-gaap_PrivatePlacementMember" decimals="-3" id="Fact000975" unitRef="USD"> 2581000 </us-gaap:SaleOfStockConsiderationReceivedOnTransaction>
<us-gaap:EquityMethodInvestmentOwnershipPercentage contextRef="AsOf2021-07-06_custom_GVRMHoldingsLLCMember" decimals="INF" id="Fact000977" unitRef="Pure"> 0.0942 </us-gaap:EquityMethodInvestmentOwnershipPercentage>
<vrme:EquityInvestmentsFairValue1 contextRef="AsOf2023-12-31" decimals="-3" id="Fact000984" unitRef="USD"> 0 </vrme:EquityInvestmentsFairValue1>
<us-gaap:EquitySecuritiesFvNiUnrealizedLoss contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact000986" unitRef="USD"> 10932000 </us-gaap:EquitySecuritiesFvNiUnrealizedLoss>
<us-gaap:RevenueFromContractWithCustomerTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000988">
<p id="xdx_80A_eus-gaap--RevenueFromContractWithCustomerTextBlock_zONu5xg3t9q2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 3 – <span id="xdx_825_zqCypW3kUZG">REVENUE</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline">Revenue by Category</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following series of tables present our revenue disaggregated by various categories (dollars in thousands).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zYpVyfdh0vf7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"><span id="xdx_8BF_zfnWfCNnWAXj" style="display: none">Schedule of disaggregation of revenue</span></td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Authentication</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Precision Logistics</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Consolidated</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"><span style="text-decoration: underline">Revenue</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; width: 28%; text-align: left">Proactive services</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0992">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0994">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">19,879</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_fKGEp_zWUcBivcrA3c" style="width: 9%; text-align: right" title="Revenues">15,202</td><td style="width: 1%; text-align: left">(a)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">19,879</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">15,202</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap; text-align: left">Premium services</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1004">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1006">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">4,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_fKGEp_zkAC3pKncVVj" style="text-align: right" title="Revenues">2,988</td><td style="text-align: left">(a)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">4,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">2,988</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; text-align: left; padding-bottom: 1pt">Brand protection services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1020">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1022">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">661</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">24,652</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">18,190</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Revenues_c20230101__20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">25,313</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_c20220101__20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">19,576</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td id="xdx_F0B_zqLEvRwyKg49" style="width: 0.25in">(a)</td><td id="xdx_F1A_zNBvODZ6XIt4">Revenue is our Precision Logistics Segment in 2022 includes revenue since the acquisition date of our PeriShip Global business, on April 22, 2022.</td></tr></table> <p id="xdx_8AD_zvQS3e5lWnMf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline">Contract Balances</span></i></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The timing of revenue recognition, billings and cash collections results in unbilled revenue (contract assets) and deferred revenue (contract liabilities) on the consolidated balance sheets. Amounts charged to our clients become billable according to the contract terms, which usually consider the delivery completion. Unbilled amounts will generally be billed and collected within 30 days but typically no longer than 60 days. When we advance bill clients prior to the work being performed, generally, such amounts will be earned and recognized in revenue within twelve months. These assets and liabilities are reported on the consolidated balance sheets on a contract-by-contract basis at the end of each reporting period. Changes in the contract asset and liability balances during the year ended December 31, 2023, were not materially impacted by any other factors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Applying the practical expedient in ASC Topic 606, we recognize the incremental costs of obtaining contracts (i.e. sales commissions) as an expense when incurred if the amortization period of the assets that we otherwise would have recognized is one year or less. As of December 31, 2023, we did not have any capitalized sales commissions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For all periods presented, contract liabilities were not significant. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides information about contract assets from contracts with customers: </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_pn3n3_zSl0P6E4NHjc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 10pt"><span id="xdx_8B1_zYig7mcYBvvd" style="display: none">Schedule of contract assets</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">Contract Asset</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap; font-weight: bold; font-style: italic">In Thousands</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Beginning balance, January 1</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--ContractWithCustomerAssetNet_iS_pn3n3_c20230101__20231231_zVG8M0q2Q0K9" style="width: 15%; text-align: right" title="Beginning balance">1,185</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ContractWithCustomerAssetNet_iS_pn3n3_c20220101__20221231_zc0dU08gwYAh" style="width: 15%; text-align: right" title="Beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1050">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 10pt">Contract asset additions</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ContractAssetAdditions_pn3n3_c20230101__20231231_zjMuE5XV8zVg" style="text-align: right" title="Contract asset additions">3,598</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ContractAssetAdditions_pn3n3_c20220101__20221231_zMND2rv67Qfb" style="text-align: right" title="Contract asset additions">2,502</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 10pt">Reclassification to accounts receivable, billed to customers</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ReclassificationToAccountsReceivableBilledToCustomers_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification to accounts receivable, billed to customers">(3,501</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ReclassificationToAccountsReceivableBilledToCustomers_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification to accounts receivable, billed to customers">(1,317</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Ending balance <span style="font-size: 10pt"><b>(1)</b></span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--ContractWithCustomerAssetNet_iE_pn3n3_c20230101__20231231_fKDEp_z7IooshinZaa" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,282</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--ContractWithCustomerAssetNet_iE_pn3n3_c20220101__20221231_fKDEp_zFhHjoExIyWg" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,185</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">______________</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F01_zE6PsTpXEfa1">(1)</sup></td><td id="xdx_F17_zxG0A0cMXf83">Included within "Unbilled revenue" on the accompanying Consolidated Balance sheets.</td></tr></table> <p id="xdx_8A2_zW58F6Xwvjdk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:RevenueFromContractWithCustomerTextBlock>
<us-gaap:DisaggregationOfRevenueTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact000990">
<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zYpVyfdh0vf7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"><span id="xdx_8BF_zfnWfCNnWAXj" style="display: none">Schedule of disaggregation of revenue</span></td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Authentication</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Precision Logistics</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Consolidated</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"><span style="text-decoration: underline">Revenue</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended<br/> December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; width: 28%; text-align: left">Proactive services</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0992">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0994">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">19,879</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_fKGEp_zWUcBivcrA3c" style="width: 9%; text-align: right" title="Revenues">15,202</td><td style="width: 1%; text-align: left">(a)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">19,879</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--ProactiveServicesMember_pn3n3" style="width: 9%; text-align: right" title="Revenues">15,202</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap; text-align: left">Premium services</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1004">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1006">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">4,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--PremiumServicesMember_fKGEp_zkAC3pKncVVj" style="text-align: right" title="Revenues">2,988</td><td style="text-align: left">(a)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">4,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--PremiumServicesMember_pn3n3" style="text-align: right" title="Revenues">2,988</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; text-align: left; padding-bottom: 1pt">Brand protection services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1020">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1022">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Revenues_c20230101__20231231__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20220101__20221231__srt--ProductOrServiceAxis__custom--BrandProtectionServicesMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">661</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--Revenues_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">24,652</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Revenues_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">18,190</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Revenues_c20230101__20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">25,313</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_c20220101__20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">19,576</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td id="xdx_F0B_zqLEvRwyKg49" style="width: 0.25in">(a)</td><td id="xdx_F1A_zNBvODZ6XIt4">Revenue is our Precision Logistics Segment in 2022 includes revenue since the acquisition date of our PeriShip Global business, on April 22, 2022.</td></tr></table>
</us-gaap:DisaggregationOfRevenueTableTextBlock>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_PrecisionLogisticsMember_custom_ProactiveServicesMember" decimals="-3" id="Fact000996" unitRef="USD"> 19879000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_PrecisionLogisticsMember_custom_ProactiveServicesMember" decimals="-3" id="Fact000998" unitRef="USD"> 15202000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_ProactiveServicesMember" decimals="-3" id="Fact001000" unitRef="USD"> 19879000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_ProactiveServicesMember" decimals="-3" id="Fact001002" unitRef="USD"> 15202000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_PrecisionLogisticsMember_custom_PremiumServicesMember" decimals="-3" id="Fact001008" unitRef="USD"> 4773000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_PrecisionLogisticsMember_custom_PremiumServicesMember" decimals="-3" id="Fact001010" unitRef="USD"> 2988000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_PremiumServicesMember" decimals="-3" id="Fact001012" unitRef="USD"> 4773000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_PremiumServicesMember" decimals="-3" id="Fact001014" unitRef="USD"> 2988000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_AuthenticationMember_custom_BrandProtectionServicesMember" decimals="-3" id="Fact001016" unitRef="USD"> 661000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_AuthenticationMember_custom_BrandProtectionServicesMember" decimals="-3" id="Fact001018" unitRef="USD"> 1386000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_BrandProtectionServicesMember" decimals="-3" id="Fact001024" unitRef="USD"> 661000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_BrandProtectionServicesMember" decimals="-3" id="Fact001026" unitRef="USD"> 1386000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact001028" unitRef="USD"> 661000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_AuthenticationMember" decimals="-3" id="Fact001030" unitRef="USD"> 1386000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact001032" unitRef="USD"> 24652000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact001034" unitRef="USD"> 18190000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001036" unitRef="USD"> 25313000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001038" unitRef="USD"> 19576000 </us-gaap:Revenues>
<us-gaap:ContractWithCustomerAssetAndLiabilityTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001046">
<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_pn3n3_zSl0P6E4NHjc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 10pt"><span id="xdx_8B1_zYig7mcYBvvd" style="display: none">Schedule of contract assets</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">Contract Asset</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap; font-weight: bold; font-style: italic">In Thousands</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Beginning balance, January 1</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--ContractWithCustomerAssetNet_iS_pn3n3_c20230101__20231231_zVG8M0q2Q0K9" style="width: 15%; text-align: right" title="Beginning balance">1,185</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ContractWithCustomerAssetNet_iS_pn3n3_c20220101__20221231_zc0dU08gwYAh" style="width: 15%; text-align: right" title="Beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1050">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 10pt">Contract asset additions</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ContractAssetAdditions_pn3n3_c20230101__20231231_zjMuE5XV8zVg" style="text-align: right" title="Contract asset additions">3,598</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ContractAssetAdditions_pn3n3_c20220101__20221231_zMND2rv67Qfb" style="text-align: right" title="Contract asset additions">2,502</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 10pt">Reclassification to accounts receivable, billed to customers</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ReclassificationToAccountsReceivableBilledToCustomers_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification to accounts receivable, billed to customers">(3,501</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ReclassificationToAccountsReceivableBilledToCustomers_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification to accounts receivable, billed to customers">(1,317</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Ending balance <span style="font-size: 10pt"><b>(1)</b></span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--ContractWithCustomerAssetNet_iE_pn3n3_c20230101__20231231_fKDEp_z7IooshinZaa" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,282</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--ContractWithCustomerAssetNet_iE_pn3n3_c20220101__20221231_fKDEp_zFhHjoExIyWg" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,185</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">______________</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F01_zE6PsTpXEfa1">(1)</sup></td><td id="xdx_F17_zxG0A0cMXf83">Included within "Unbilled revenue" on the accompanying Consolidated Balance sheets.</td></tr></table>
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<us-gaap:ContractWithCustomerAssetNet contextRef="AsOf2022-12-31" decimals="-3" id="Fact001048" unitRef="USD"> 1185000 </us-gaap:ContractWithCustomerAssetNet>
<vrme:ContractAssetAdditions contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001052" unitRef="USD"> 3598000 </vrme:ContractAssetAdditions>
<vrme:ContractAssetAdditions contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001054" unitRef="USD"> 2502000 </vrme:ContractAssetAdditions>
<vrme:ReclassificationToAccountsReceivableBilledToCustomers contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001056" unitRef="USD"> -3501000 </vrme:ReclassificationToAccountsReceivableBilledToCustomers>
<vrme:ReclassificationToAccountsReceivableBilledToCustomers contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001058" unitRef="USD"> -1317000 </vrme:ReclassificationToAccountsReceivableBilledToCustomers>
<us-gaap:ContractWithCustomerAssetNet contextRef="AsOf2023-12-31" decimals="-3" id="Fact001060" unitRef="USD"> 1282000 </us-gaap:ContractWithCustomerAssetNet>
<us-gaap:ContractWithCustomerAssetNet contextRef="AsOf2022-12-31" decimals="-3" id="Fact001062" unitRef="USD"> 1185000 </us-gaap:ContractWithCustomerAssetNet>
<us-gaap:BusinessCombinationDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001069">
<p id="xdx_80D_eus-gaap--BusinessCombinationDisclosureTextBlock_znzHPl8ZMd27" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 4 – <span id="xdx_821_zP0emrxbelD9">BUSINESS COMBINATION</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Trust Codes Global Limited</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 1, 2023, we acquired, through Trust Codes Global, the business and certain assets of Trust Codes Limited (“Trust Codes”), specializing in brand protection, anti-counterfeiting, and consumer engagement technology with an expertise in the food and agriculture industry. Trust Codes Global uses unique QR codes or IoT, coupled with GS1 standards to deliver cloud-based brand protection based on a unique per-item digital identity to protect brand and product authenticity, increase data visualization of a product through the end to end supply chain, and creates a data-drive engine to inform and educate consumers of the product. The Company accounted for the transaction as an acquisition of a business under ASC 805 – Business Combination. The purchase price was approximately $<span id="xdx_90C_ecustom--BusinessCombinationConsiderationTransferred2_pn5n6_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zlP3LYXG25Gb" title="Purchase price">1.0</span> million which consisted of $<span id="xdx_907_ecustom--BusinessCombinationConsiderationTransferred_pn4n6_c20230227__20230301_z5qNGAd3PHq1" title="Consideration transferred">0.36</span> million in cash paid at closing and <span id="xdx_906_eus-gaap--CommonStockSharesIssued_c20230301__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_pdd" title="Common stock shares, issued">353,492</span> shares of common stock of the Company, representing $<span id="xdx_908_ecustom--StockConsiderationAmount_pn4n6_c20230227__20230301__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_z5nfJncFUwhd" title="Stock consideration amount">0.65</span> million in stock consideration. In addition, the purchase agreement requires consideration contingent upon the achievement of earnings targets during a five-year period subsequent to the closing of the acquisition. The earn-out consideration is estimated at $<span id="xdx_90F_ecustom--EarnoutConsideration_pn5n6_c20230227__20230301_zY5eI4z2TzJ" title="Earn-out consideration">1.1</span> million at the acquisition date, however the maximum amount of the payment is unlimited. The preliminary purchase price allocation is subject to change and was finalized in the fourth quarter of 2023. The goodwill recognized is due to the expected synergies from combining the operations of the acquiree with the Company. All of the goodwill recorded for financial statement purposes is deductible for tax purposes. The Company incurred $<span id="xdx_90B_eus-gaap--BusinessCombinationAcquisitionRelatedCosts_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_pn3n3" title="Acquisition related costs">278</span> thousand in relation to acquisition related costs which have been included in General and administrative, in the accompanying Consolidated Statements of Operations. Trust Codes Global is included in the Authentication segment and the results of its operations have been included in the consolidated financial statements beginning March 1, 2023.  Since the acquisition date, the Company has recorded $<span id="xdx_909_eus-gaap--BusinessAcquisitionsProFormaRevenue_c20230101__20231231_pn3n3" title="Revenue from acquisitions">314</span> thousand of revenue relating to Trust Codes. The pro-forma financial information is immaterial to our results of operations and impractical to provide.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the purchase price allocation for the acquisition (dollars in thousands).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zKzRlBydjQi4" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BUSINESS COMBINATION (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 66%"> <span id="xdx_8BC_zyfF91vazvD1" style="display: none">Schedule of business acquisitions</span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td> <td> </td> <td>$ </td> <td id="xdx_98F_eus-gaap--Cash_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Cash">363</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Fair value of contingent consideration</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--FairValueOfContingentConsideration_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Fair value of contingent consideration">1,125</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Stock (issuance of 353,492 shares of common stock) <sup>(a)</sup></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98E_ecustom--StockAmount_pn3n3_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_fKGEp_zKgmSraZUvHk" style="border-bottom: black 1pt solid; text-align: right" title="Stock (issuance of 353,492 shares of restricted common stock)">625</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 9.5pt">Total purchase price</td> <td> </td> <td style="border-bottom: black 2.25pt double"> $</td> <td id="xdx_98E_eus-gaap--BusinessCombinationConsiderationTransferred1_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price">2,113</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="white-space: nowrap; text-align: center">Amortization</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: center">Period</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Purchase price allocation:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Prepaid expenses</td> <td> </td> <td> $</td> <td id="xdx_984_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Prepaid expenses">25</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Property and Equipment, net</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Property and Equipment, net">18</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>ROU Asset</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--BusinessCombinationROUAssets_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="ROU Asset">171</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Developed Technology</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Intangible Assets">485</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_zXwpMDSi4Mn3" title="Amortization Period">8</span> years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Trade Names/Trademarks</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Intangible Assets">148</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90D_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zrJdJz9s5Nng" title="Amortization Period">18</span> years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Customer Relationships</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Intangible Assets">68</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zSw3wBcbC787" title="Amortization Period">10</span> years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Goodwill</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--Goodwill_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Goodwill">1,383</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Accounts payable and other accrued expenses</td> <td> </td> <td> </td> <td id="xdx_98D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iNI_pn3n3_di_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_z5g0JgekTIw4" style="text-align: right" title="Accounts payable and other accrued expenses">(14</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Current lease liability</td> <td> </td> <td> </td> <td id="xdx_988_ecustom--BusinessCombinationLeaseLiabilityCurrent_iNI_pn3n3_di_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zZzZ9MZEB4tc" style="text-align: right" title="Current lease liability">(63</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Long term lease liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_ecustom--BusinessCombinationLongTermLeaseLiability_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 1pt solid; text-align: right" title="Long term lease liability">(108</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> $</td> <td id="xdx_98D_ecustom--BusinessCombinationTotal_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price allocation">2,113</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F04_ziAAXgCcGw1b">(a)</sup></td><td id="xdx_F1C_zJeF9DQj4Xi4">Stock issued was calculated based on the 15 day volume-weighted average price (“VWAP”) through February 28, 2023 calculated at $1.8388.</td></tr></table> <p id="xdx_8AD_z8FCkV0AxSM9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline">Contingent Consideration</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ASC Topic 805 requires that contingent consideration to be recognized at fair value on the acquisition date and be re-measured each reporting period with subsequent adjustments recognized in the consolidated statement of operations. We estimate the fair value of contingent consideration liabilities using an appropriate valuation methodology, typically either an income-based approach or a simulation model, such as the Monte Carlo model, depending on the structure of the contingent consideration arrangement. Contingent consideration is valued using significant inputs that are not observable in the market which are defined as Level 3 inputs pursuant to fair value measurement accounting. We believe our estimates and assumptions are reasonable; however, there is significant judgment involved. At each reporting date, the contingent consideration obligation is revalued to estimated fair value, and changes in fair value subsequent to the acquisitions are reflected in income or expense in the consolidated statements of operations, and could cause a material impact to, and volatility in, our results. Changes in the fair value of contingent consideration obligations may result from changes in discount periods and rates and changes in the timing and amount of revenue and/or earnings projections.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, contingent consideration presented as current liability totaled $<span id="xdx_903_eus-gaap--BusinessCombinationContingentConsiderationLiabilityCurrent_c20230301_pn3n3" title="Current liability">173</span> thousand. As of December 31, 2023, the Company recorded a non-current contingent consideration totaling $<span id="xdx_90D_ecustom--BusinessCombinationLongTermContingentConsideration_c20230301_pn3n3" title="Long term contingent consideration">751</span> thousand related to the acquisition of Trust Codes on the Consolidated Balance sheets and represents the portion of contingent consideration estimated to be payable greater than twelve months from the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">PeriShip LLC</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 22, 2022, we acquired, through PeriShip Global, the business and certain assets of PeriShip, LLC (“PeriShip”), a value-added service provider for time and temperature sensitive parcel management.  PeriShip Global provides shipping logistics services utilizing proprietary predictive analytics software and supporting call center services.  Using our proprietary software platform, we provide real-time information and analysis to mitigate supply chain flow interruption, delivering last-mile resolution for key markets, including the perishable healthcare and food industries. The purchase price was $<span id="xdx_90D_ecustom--BusinessCombinationConsiderationTransferred2_pn5n6_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zHrzQklN99Mc" title="Purchase price">10.5</span> million which consisted of $<span id="xdx_907_ecustom--BusinessCombinationConsiderationTransferred_pn5n6_c20220401__20220422_znff3aa01COj" title="Consideration transferred">7.5</span> million in cash paid at closing, a promissory note of $<span id="xdx_901_ecustom--PromissoryNote_pn5n6_dm_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zXsTZS9CbF6l" title="Promissory note">2.0</span> million with a fixed interest rate of <span id="xdx_90F_eus-gaap--InvestmentInterestRate_iI_pid_c20220422__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zACy8094FwF9" title="Investment Interest Rate">6%</span> per annum on the unpaid principal balance, to be paid in three installments on the sixth, fifteenth, and eighteenth month anniversaries of the closing, and <span id="xdx_903_eus-gaap--CommonStockSharesIssued_c20220422__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_pdd" title="Common stock shares, issued">305,473</span> shares of common stock of the Company, representing $1.0 million in stock consideration. The goodwill recognized is due to the expected synergies from combining the operations of the acquire with the Company. All of the goodwill recorded for financial statement purposes is deductible for tax purposes. The acquired PeriShip business is included in the Precision Logistics (formerly PeriShip Global Solutions) segment and the results of its operations have been included in the consolidated financial statements beginning April 22, 2022. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 22, 2022, the Company entered into an agreement with the owner of PeriShip, LLC to resolve certain disputes among the parties, reduce the principal and interest on the promissory note, repay the amended promissory note in full, and repurchased <span id="xdx_90F_eus-gaap--CommonStockSharesIssued_c20220922__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_pdd" title="Common stock shares, issued">61,000</span> shares of the Company’s common stock (see Note 9). The Company accounted for the agreement in accordance with Topic 250, through earnings, with the full amount included as a Gain on extinguishment of debt on the accompanying Consolidated Statements of Operations for a total of $<span id="xdx_90B_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20220101__20221231__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_pn3n3" title="Gain on extinguishment of debt">326</span> thousand, for the year ended December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the purchase price allocation for the acquisition (dollars in thousands).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--PeriShipLLCMember_zgHEwsp80G7" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"><span id="xdx_8B2_zuCX3bNiSx9l" style="display: none">Schedule of allocation for the acquisition</span></td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Cash</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_987_eus-gaap--Cash_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="width: 15%; text-align: right" title="Cash">7,500</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Promissory note</td> <td> </td> <td> </td> <td id="xdx_98D_eus-gaap--NotesPayable_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Promissory note">2,000</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Stock (issuance of 305,473 shares of common stock) <sup>(1)</sup></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_ecustom--StockAmount_pn3n3_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_fKDEp_z6sVOAfTSPTe" style="border-bottom: black 1pt solid; text-align: right" title="Stock (issuance of 305,473 shares of restricted common stock)">974</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 9.5pt">Total purchase price</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationConsiderationTransferred1_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price">10,474</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Amortization</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; white-space: nowrap; text-align: center">Period</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Purchase price allocation:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accounts receivable, net</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pn3n3_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_zZfOQcqrEQY9" style="text-align: right" title="Accounts receivable, net">836</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Prepaid expenses</td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Prepaid expenses">5</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Developed Technology</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Intangible Assets">3,143</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_z3WskudmEpf3" title="Amortization Period">6</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade Names/Trademarks</td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Intangible Assets">1,111</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zGRzSzcukmmf" title="Amortization Period">13</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Customer Relationships</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Intangible Assets">1,839</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zlJgOoLOgASi" title="Amortization Period">10</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Non-Compete Agreement</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Intangible Assets">191</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_909_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zfnjKDzIzxjf" title="Amortization Period">5</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property and Equipment, net</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Property and Equipment, net">193</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Goodwill</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--Goodwill_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Goodwill">3,988</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accounts payable and other accrued expenses</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iNI_pn3n3_di_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_zJ0JtNzKY0W7" style="border-bottom: black 1pt solid; text-align: right" title="Accounts payable and other accrued expenses">(832</td> <td style="white-space: nowrap">)</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98A_ecustom--BusinessCombinationTotal_iI_pn3n3_c20220301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zEnPYkp7oCh6" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price allocation">10,474</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F06_zOXeaIVZz474">(1)</sup></td><td id="xdx_F19_zhneysbJMvEf">Stock issued was calculated based on the 15 days prior to April 22, 2022, volume-weighted average price (“VWAP”) calculated at $3.2736.</td></tr></table> <p id="xdx_8A2_zRgmpHv3sCT" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline">Unaudited Pro forma Financial Information</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following unaudited proforma financial information presents the combined results of operations of the Company and gives effect to the acquisition discussed above for the years ended December 31, 2022, as if the acquisition had occurred as of the beginning of the first period presented instead of on April 22, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have been realized if the acquisition had been completed on January 1, 2022, nor does it purport to project the results of operations of the combined company in future periods. The pro forma financial information does not give effect to any anticipated integration costs related to the acquired company during the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The below table summarizes proforma financial information for the Company, and the acquired PeriShip business, assuming the acquisition date of PeriShip occurred on January 1, 2022 (dollars in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfQuarterlyFinancialInformationTableTextBlock_pn3n3_zW2NZpf2NBae" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BA_zBdUQ02m0Ihb" style="display: none">Schedule of financial information</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20220101_20221231" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Description</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_40D_ecustom--Revenue1_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 77%">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 20%; text-align: right">25,397</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--NetIncomeLoss1_i_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net Income (loss)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,298</td><td style="text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_8A1_zYbOYOFAQwLe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p>
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<vrme:BusinessCombinationConsiderationTransferred2 contextRef="From2023-02-272023-03-01_custom_BusinessCombinationMember" decimals="-5" id="Fact001071" unitRef="USD"> 1000000.0 </vrme:BusinessCombinationConsiderationTransferred2>
<vrme:BusinessCombinationConsiderationTransferred contextRef="From2023-02-272023-03-01" decimals="-4" id="Fact001073" unitRef="USD"> 360000 </vrme:BusinessCombinationConsiderationTransferred>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2023-03-01_us-gaap_RestrictedStockMember_custom_BusinessCombinationMember" decimals="INF" id="Fact001075" unitRef="Shares"> 353492 </us-gaap:CommonStockSharesIssued>
<vrme:StockConsiderationAmount contextRef="From2023-02-272023-03-01_us-gaap_RestrictedStockMember_custom_BusinessCombinationMember" decimals="-4" id="Fact001077" unitRef="USD"> 650000 </vrme:StockConsiderationAmount>
<vrme:EarnoutConsideration contextRef="From2023-02-272023-03-01" decimals="-5" id="Fact001079" unitRef="USD"> 1100000 </vrme:EarnoutConsideration>
<us-gaap:BusinessCombinationAcquisitionRelatedCosts contextRef="From2023-02-272023-03-01_custom_BusinessCombinationMember" decimals="-3" id="Fact001081" unitRef="USD"> 278000 </us-gaap:BusinessCombinationAcquisitionRelatedCosts>
<us-gaap:BusinessAcquisitionsProFormaRevenue contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001083" unitRef="USD"> 314000 </us-gaap:BusinessAcquisitionsProFormaRevenue>
<us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="From2023-01-012023-12-31_custom_TrustCodesGlobalLimitedMember" id="Fact001085">
<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zKzRlBydjQi4" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BUSINESS COMBINATION (Details)"> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 66%"> <span id="xdx_8BC_zyfF91vazvD1" style="display: none">Schedule of business acquisitions</span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td> <td> </td> <td>$ </td> <td id="xdx_98F_eus-gaap--Cash_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Cash">363</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Fair value of contingent consideration</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--FairValueOfContingentConsideration_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Fair value of contingent consideration">1,125</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Stock (issuance of 353,492 shares of common stock) <sup>(a)</sup></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98E_ecustom--StockAmount_pn3n3_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_fKGEp_zKgmSraZUvHk" style="border-bottom: black 1pt solid; text-align: right" title="Stock (issuance of 353,492 shares of restricted common stock)">625</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 9.5pt">Total purchase price</td> <td> </td> <td style="border-bottom: black 2.25pt double"> $</td> <td id="xdx_98E_eus-gaap--BusinessCombinationConsiderationTransferred1_c20230227__20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price">2,113</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="white-space: nowrap; text-align: center">Amortization</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: center">Period</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Purchase price allocation:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Prepaid expenses</td> <td> </td> <td> $</td> <td id="xdx_984_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Prepaid expenses">25</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Property and Equipment, net</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Property and Equipment, net">18</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>ROU Asset</td> <td> </td> <td> </td> <td id="xdx_980_ecustom--BusinessCombinationROUAssets_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="ROU Asset">171</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Developed Technology</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Intangible Assets">485</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_zXwpMDSi4Mn3" title="Amortization Period">8</span> years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Trade Names/Trademarks</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Intangible Assets">148</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90D_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zrJdJz9s5Nng" title="Amortization Period">18</span> years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Customer Relationships</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Intangible Assets">68</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_iI_dtY_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zSw3wBcbC787" title="Amortization Period">10</span> years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Goodwill</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--Goodwill_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="text-align: right" title="Goodwill">1,383</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Accounts payable and other accrued expenses</td> <td> </td> <td> </td> <td id="xdx_98D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iNI_pn3n3_di_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_z5g0JgekTIw4" style="text-align: right" title="Accounts payable and other accrued expenses">(14</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Current lease liability</td> <td> </td> <td> </td> <td id="xdx_988_ecustom--BusinessCombinationLeaseLiabilityCurrent_iNI_pn3n3_di_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zZzZ9MZEB4tc" style="text-align: right" title="Current lease liability">(63</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Long term lease liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_ecustom--BusinessCombinationLongTermLeaseLiability_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 1pt solid; text-align: right" title="Long term lease liability">(108</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> $</td> <td id="xdx_98D_ecustom--BusinessCombinationTotal_c20230301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price allocation">2,113</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="text-align: center"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F04_ziAAXgCcGw1b">(a)</sup></td><td id="xdx_F1C_zJeF9DQj4Xi4">Stock issued was calculated based on the 15 day volume-weighted average price (“VWAP”) through February 28, 2023 calculated at $1.8388.</td></tr></table>
</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
<us-gaap:Cash contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001087" unitRef="USD"> 363000 </us-gaap:Cash>
<vrme:FairValueOfContingentConsideration contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001089" unitRef="USD"> 1125000 </vrme:FairValueOfContingentConsideration>
<vrme:StockAmount contextRef="From2023-02-272023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001091" unitRef="USD"> 625000 </vrme:StockAmount>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2023-02-272023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001093" unitRef="USD"> 2113000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001095" unitRef="USD"> 25000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001097" unitRef="USD"> 18000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
<vrme:BusinessCombinationROUAssets contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001099" unitRef="USD"> 171000 </vrme:BusinessCombinationROUAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001101" unitRef="USD"> 485000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1 contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_DevelopedTechnologyRightsMember" id="Fact001103"> P8Y </us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_TrademarksMember" decimals="-3" id="Fact001105" unitRef="USD"> 148000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1 contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_TrademarksMember" id="Fact001107"> P18Y </us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001109" unitRef="USD"> 68000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1 contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember_us-gaap_CustomerRelationshipsMember" id="Fact001111"> P10Y </us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1>
<us-gaap:Goodwill contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001113" unitRef="USD"> 1383000 </us-gaap:Goodwill>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001115" unitRef="USD"> 14000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable>
<vrme:BusinessCombinationLeaseLiabilityCurrent contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001117" unitRef="USD"> 63000 </vrme:BusinessCombinationLeaseLiabilityCurrent>
<vrme:BusinessCombinationLongTermLeaseLiability contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001119" unitRef="USD"> -108000 </vrme:BusinessCombinationLongTermLeaseLiability>
<vrme:BusinessCombinationTotal contextRef="AsOf2023-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001121" unitRef="USD"> 2113000 </vrme:BusinessCombinationTotal>
<us-gaap:BusinessCombinationContingentConsiderationLiabilityCurrent contextRef="AsOf2023-03-01" decimals="-3" id="Fact001129" unitRef="USD"> 173000 </us-gaap:BusinessCombinationContingentConsiderationLiabilityCurrent>
<vrme:BusinessCombinationLongTermContingentConsideration contextRef="AsOf2023-03-01" decimals="-3" id="Fact001131" unitRef="USD"> 751000 </vrme:BusinessCombinationLongTermContingentConsideration>
<vrme:BusinessCombinationConsiderationTransferred2 contextRef="From2022-04-212022-04-22_custom_BusinessCombinationMember" decimals="-5" id="Fact001133" unitRef="USD"> 10500000 </vrme:BusinessCombinationConsiderationTransferred2>
<vrme:BusinessCombinationConsiderationTransferred contextRef="From2022-04-012022-04-22" decimals="-5" id="Fact001135" unitRef="USD"> 7500000 </vrme:BusinessCombinationConsiderationTransferred>
<vrme:PromissoryNote contextRef="From2022-04-212022-04-22_custom_BusinessCombinationMember" decimals="-5" id="Fact001137" unitRef="USD"> 2000000.0 </vrme:PromissoryNote>
<us-gaap:InvestmentInterestRate contextRef="AsOf2022-04-22_custom_BusinessCombinationMember" decimals="INF" id="Fact001139" unitRef="Pure"> 0.06 </us-gaap:InvestmentInterestRate>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2022-04-22_us-gaap_RestrictedStockMember_custom_BusinessCombinationMember" decimals="INF" id="Fact001141" unitRef="Shares"> 305473 </us-gaap:CommonStockSharesIssued>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2022-09-22_us-gaap_RestrictedStockMember_custom_BusinessCombinationMember" decimals="INF" id="Fact001143" unitRef="Shares"> 61000 </us-gaap:CommonStockSharesIssued>
<us-gaap:GainsLossesOnExtinguishmentOfDebt contextRef="From2022-01-012022-12-31_custom_BusinessCombinationMember" decimals="-3" id="Fact001145" unitRef="USD"> 326000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="From2023-01-012023-12-31_custom_PeriShipLLCMember" id="Fact001147">
<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--PeriShipLLCMember_zgHEwsp80G7" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"><span id="xdx_8B2_zuCX3bNiSx9l" style="display: none">Schedule of allocation for the acquisition</span></td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Cash</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_987_eus-gaap--Cash_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="width: 15%; text-align: right" title="Cash">7,500</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Promissory note</td> <td> </td> <td> </td> <td id="xdx_98D_eus-gaap--NotesPayable_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Promissory note">2,000</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Stock (issuance of 305,473 shares of common stock) <sup>(1)</sup></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_ecustom--StockAmount_pn3n3_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_fKDEp_z6sVOAfTSPTe" style="border-bottom: black 1pt solid; text-align: right" title="Stock (issuance of 305,473 shares of restricted common stock)">974</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 9.5pt">Total purchase price</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationConsiderationTransferred1_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price">10,474</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: center">Amortization</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; white-space: nowrap; text-align: center">Period</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Purchase price allocation:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accounts receivable, net</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pn3n3_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_zZfOQcqrEQY9" style="text-align: right" title="Accounts receivable, net">836</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Prepaid expenses</td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Prepaid expenses">5</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Developed Technology</td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Intangible Assets">3,143</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_z3WskudmEpf3" title="Amortization Period">6</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Trade Names/Trademarks</td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Intangible Assets">1,111</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zGRzSzcukmmf" title="Amortization Period">13</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Customer Relationships</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Intangible Assets">1,839</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zlJgOoLOgASi" title="Amortization Period">10</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Non-Compete Agreement</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Intangible Assets">191</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: center"><span id="xdx_909_ecustom--FiniteLivedIntangibleAssetsRemainingAmortizationPeriod_dtY_c20220421__20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zfnjKDzIzxjf" title="Amortization Period">5</span> years</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property and Equipment, net</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Property and Equipment, net">193</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Goodwill</td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--Goodwill_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_pn3n3" style="text-align: right" title="Goodwill">3,988</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accounts payable and other accrued expenses</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iNI_pn3n3_di_c20220422__us-gaap--BusinessAcquisitionAxis__custom--PeriShipMember_zJ0JtNzKY0W7" style="border-bottom: black 1pt solid; text-align: right" title="Accounts payable and other accrued expenses">(832</td> <td style="white-space: nowrap">)</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98A_ecustom--BusinessCombinationTotal_iI_pn3n3_c20220301__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_zEnPYkp7oCh6" style="border-bottom: black 2.25pt double; text-align: right" title="Total purchase price allocation">10,474</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><sup id="xdx_F06_zOXeaIVZz474">(1)</sup></td><td id="xdx_F19_zhneysbJMvEf">Stock issued was calculated based on the 15 days prior to April 22, 2022, volume-weighted average price (“VWAP”) calculated at $3.2736.</td></tr></table>
</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
<us-gaap:Cash contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001149" unitRef="USD"> 7500000 </us-gaap:Cash>
<us-gaap:NotesPayable contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001151" unitRef="USD"> 2000000 </us-gaap:NotesPayable>
<vrme:StockAmount contextRef="From2022-04-212022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001153" unitRef="USD"> 974000 </vrme:StockAmount>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2022-04-212022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001155" unitRef="USD"> 10474000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001157" unitRef="USD"> 836000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001159" unitRef="USD"> 5000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2022-04-22_custom_PeriShipMember_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001161" unitRef="USD"> 3143000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod contextRef="From2022-04-212022-04-22_custom_PeriShipMember_us-gaap_DevelopedTechnologyRightsMember" id="Fact001163"> P6Y </vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2022-04-22_custom_PeriShipMember_us-gaap_TrademarksMember" decimals="-3" id="Fact001165" unitRef="USD"> 1111000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod contextRef="From2022-04-212022-04-22_custom_PeriShipMember_us-gaap_TrademarksMember" id="Fact001167"> P13Y </vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2022-04-22_custom_PeriShipMember_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001169" unitRef="USD"> 1839000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod contextRef="From2022-04-212022-04-22_custom_PeriShipMember_us-gaap_CustomerRelationshipsMember" id="Fact001171"> P10Y </vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles contextRef="AsOf2022-04-22_custom_PeriShipMember_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001173" unitRef="USD"> 191000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
<vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod contextRef="From2022-04-212022-04-22_custom_PeriShipMember_us-gaap_NoncompeteAgreementsMember" id="Fact001175"> P5Y </vrme:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001177" unitRef="USD"> 193000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
<us-gaap:Goodwill contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001179" unitRef="USD"> 3988000 </us-gaap:Goodwill>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable contextRef="AsOf2022-04-22_custom_PeriShipMember" decimals="-3" id="Fact001181" unitRef="USD"> 832000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable>
<vrme:BusinessCombinationTotal contextRef="AsOf2022-03-01_custom_TrustCodesGlobalLimitedMember" decimals="-3" id="Fact001183" unitRef="USD"> 10474000 </vrme:BusinessCombinationTotal>
<us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001191">
<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfQuarterlyFinancialInformationTableTextBlock_pn3n3_zW2NZpf2NBae" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%" summary="xdx: Disclosure - BUSINESS COMBINATION (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BA_zBdUQ02m0Ihb" style="display: none">Schedule of financial information</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20220101_20221231" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Description</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_40D_ecustom--Revenue1_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 77%">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 20%; text-align: right">25,397</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--NetIncomeLoss1_i_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net Income (loss)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,298</td><td style="text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>
</us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock>
<vrme:Revenue1 contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001193" unitRef="USD"> 25397000 </vrme:Revenue1>
<vrme:NetIncomeLoss1 contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001195" unitRef="USD"> -14298000 </vrme:NetIncomeLoss1>
<us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001197">
<p id="xdx_80D_eus-gaap--GoodwillAndIntangibleAssetsDisclosureTextBlock_zlHfUlzvgnRa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 5 – <span id="xdx_823_zYBLZ9WVFJj4">INTANGIBLE ASSETS AND GOODWILL</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline">Goodwill</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Goodwill represents costs in excess of values assigned to the underlying net assets of acquired businesses. Intangible assets acquired are recorded at estimated fair value. Goodwill is deemed to have an indefinite life and is not amortized but is tested for impairment annually, and at any time when events suggest an impairment more likely than not has occurred. We test goodwill at the reporting unit level.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ASC Topic 350, <i>Intangibles - Goodwill and Other </i>(ASC Topic 350), permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test.  Under ASC Topic 350, an entity is not required to perform a quantitative goodwill impairment test for a reporting unit if it is more likely than not that its fair value is greater than its carrying amount. A reporting unit is an operating segment, or one level below an operating segment, as defined by U.S. GAAP.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Determining the fair value of a reporting unit is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates, future economic and market conditions and determination of appropriate market comparables. We base our fair value estimates on assumptions we believe to be reasonable but are unpredictable and inherently uncertain. Actual future results may differ from those estimates. The timing and frequency of our goodwill impairment tests are based on an ongoing assessment of events and circumstances that would indicate a possible impairment. We will continue to monitor our goodwill and intangible assets for impairment and conduct formal tests when impairment indicators are present.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of our two reportable segments represents an operating segment under ASC Topic 280, <i>Segment Reporting</i>. We test our goodwill at the reporting unit level, or one level below an operating segment, under ASC Topic 350, <i>Intangibles - Goodwill and Other</i>. We determined that we have two reporting units for purposes of goodwill impairment testing, which represent our two reportable business segments, as discussed below.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Changes in the carrying amount of goodwill by reportable business segment for the year ended December 31, 2023, were as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--IntangibleAssetsDisclosureTextBlock_pn3n3_z9vSTteQK2tg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B1_zLGAoPWxpfJk" style="display: none">Schedule of goodwill by reportable business segment</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: justify"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Authentication</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Precision Logistics</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Total</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Net book value at</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%; font-weight: bold; padding-bottom: 1pt">January 1, 2023</td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_z07Y4crZJjo3" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1201">-</span></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zaYEBafHhDK4" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance">3,988</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231_zQ7yvhGt4wc9" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance">3,988</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">2023 Activity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Acquisition of Trust Codes Global</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--AcquisitionCosts_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global">1,383</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AcquisitionCosts_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global"><span style="-sec-ix-hidden: xdx2ixbrl1209">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AcquisitionCosts_c20230101__20231231_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global">1,383</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Foreign currency translation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="text-align: right" title="Foreign currency translation">13</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Foreign currency translation"><span style="-sec-ix-hidden: xdx2ixbrl1215">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231_pn3n3" style="text-align: right" title="Foreign currency translation">13</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net book value at</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">December 31, 2023</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zxmi0iaoqabb" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,396</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zpzdSi6k5s62" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">3,988</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231_zwDjPpQdeGw6" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">5,384</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zyafDKmi9Ce8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline">Intangible Assets Subject to Amortization</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our intangible assets include amounts recognized in connection with patents and trademarks, capitalized software and acquisitions, including customer relationships, tradenames, developed technology and non-compete agreements. Intangible assets are initially valued at fair market value using generally accepted valuation methods appropriate for the type of intangible asset. Amortization is recognized on a straight-line basis over the estimated useful life of the intangible assets. Intangible assets with definite lives are reviewed for impairment if indicators of impairment arise. Except for goodwill, we do not have any intangible assets with indefinite useful lives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets with finite lives are subject to amortization over their estimated useful lives. The primary assets included in this category and their respective balances were as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfAcquiredIndefiniteLivedIntangibleAssetsByMajorClassTextBlock_pn3n3_zJtNqoDVpTue" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B2_zwoBcopn4wDd" style="display: none">Schedule of intangible assets subject to amortization</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">December 31, 2023</td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Gross<br/> Carrying<br/> Amount</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Accumulated<br/> Amortization</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Net Carrying Amount</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: justify">Weighted <br/>Average<br/> Remaining<br/> Useful <br/>Life (Years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Patents and Trademarks</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Gross Carrying Amount">2,002</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Accumulated Amortization">(564</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Net Carrying Amount">1,438</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zu7MT7jfyLU" title="Weighted average useful life (years)">13</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capitalized Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">161</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(109</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">52</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_znavDab5ga5l" title="Weighted average useful life (years)">2</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer Relationships</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,908</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">1,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zpOB8yZmOP7g" title="Weighted average useful life (years)">9</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Developed Technology</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">3,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(938</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">2,694</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_z3LmkspM4HIb" title="Weighted average useful life (years)">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Internally Used Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">914</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(62</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">852</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_zSSO8ZTqS2n3" title="Weighted average useful life (years)">6</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Compete Agreement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">191</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(65</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">126</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zMlRRB1BVkFk" title="Weighted average useful life (years)">3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Deferred Implementation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Carrying Amount">198</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated Amortization">(24</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Net Carrying Amount">174</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_zLXomXnWirOf" title="Weighted average useful life (years)">9</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Intangible Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Carrying Amount">9,006</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Accumulated Amortization">(2,079</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Carrying Amount">6,927</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt">December 31, 2022</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Patents and Trademarks</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,858</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(445</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zyKbpZffW22c" style="text-align: right" title="Net Carrying Amount">1,413</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_z79Il11VUjz2" title="Weighted average useful life (years)">13</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Capitalized Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">206</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(91</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">115</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_zEgkl1vORtsh" title="Weighted average useful life (years)">3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer Relationships</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,839</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(133</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">1,706</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_z08XfwKUExK5" title="Weighted average useful life (years)">9</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Developed Technology</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">3,143</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(360</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">2,783</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_zdT1fN2ye5dh" title="Weighted average useful life (years)">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Internally Used Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">236</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">232</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_z9zeC25gzEMd" title="Weighted average useful life (years)">6</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Compete Agreement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">191</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(28</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">163</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zvbdT61KWoH4" title="Weighted average useful life (years)">4</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred Implementation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Carrying Amount">140</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated Amortization">(7</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Net Carrying Amount">133</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_zaayPQbfif8d" title="Weighted average useful life (years)">10</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Intangible Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Carrying Amount">7,613</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Accumulated Amortization">(1,068</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Carrying Amount">6,545</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_z76pWKQXXTna" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Amortization expense for intangible assets was $<span id="xdx_90F_eus-gaap--AmortizationOfIntangibleAssets_c20230101__20231231_pn3n3" title="Amortization of intangible assets">1,030</span> thousand and $<span id="xdx_909_eus-gaap--AmortizationOfIntangibleAssets_c20220101__20221231_pn3n3" title="Amortization of intangible assets">657</span> thousand for the years ended December 31, 2023, and December 31, 2022, respectively. During the year ended December 31, 2023, the Company impaired certain assets related to its Developed Technology and Patents by $<span id="xdx_90E_eus-gaap--ImpairmentOfIntangibleAssetsFinitelived_c20230101__20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" title="Intangible asset impairment">90</span> thousand, to bring the gross carrying amount related to these assets to zero, as these technologies are no longer in use.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Patents and Trademarks</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, our current patent and trademark portfolios consist of nine granted U.S. patents and two granted European patents, one validated in four countries (France, Germany, United Kingdom, and Italy), and the second patent validated in three countries (France, Germany, and United Kingdom), three pending U.S. and foreign patent applications, twenty-six registered U.S. trademarks (of which nineteen are in the name of VerifyMe, Inc., and seven trademarks were acquired through our wholly owned subsidiary, PeriShip Global), two EU trademark registrations, one Colombian trademark registration, one Australian trademark registration, one Japanese trademark registration, one Mexican trademark registration, one Singaporean trademark registration, two UK trademark registrations, seven NZ trademark registration (of which six are in the name of Trust Codes Limited and/or Trust Codes Global Limited), one OAPI (African Intellectual Property Organization) trademark registration (in the name of Trust Codes Global Limited), and two pending US and foreign trademark applications. The Company abandoned two patents during the year ended December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company expects to record amortization expense of intangible assets over the next 5 years and thereafter as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_zfE7tGercFD9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B0_zVxrojOLdpbl" style="display: none">Schedule of finite-lived intangible assets, future amortization expense</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20231231_zwjUbEtwBa8" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; font-weight: bold">Fiscal Year ending December 31,</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_pn3n3_maFLIANzNIP_zUUGfzHxvea8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 81%; text-align: left">2024</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">1,134</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_pn3n3_maFLIANzNIP_zCX0qIZD2HOd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,109</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_iI_pn3n3_maFLIANzNIP_zP2BKpK0kyJ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2026</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,105</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_iI_pn3n3_maFLIANzNIP_zzqoGllWQkG" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_iI_pn3n3_maFLIANzNIP_zZH5asJbsfR4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">695</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_iI_pn3n3_maFLIANzNIP_z4OCfOn8hw36" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,814</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsNet_iTI_pn3n3_mtFLIANzNIP_zN8C8XMHulL6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,927</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A7_zpTirznZdykc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, our intangible assets with definite lives had a weighted average remaining useful life of <span id="xdx_90B_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--FiniteLivedIntangibleAssetsMember_zFR1jiQtRHVc" title="Weighted average remaining useful life">8</span> years.  We have no amortizable intangible assets with indefinite useful lives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
<us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001199">
<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--IntangibleAssetsDisclosureTextBlock_pn3n3_z9vSTteQK2tg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B1_zLGAoPWxpfJk" style="display: none">Schedule of goodwill by reportable business segment</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: justify"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Authentication</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Precision Logistics</td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: justify">Total</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Net book value at</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%; font-weight: bold; padding-bottom: 1pt">January 1, 2023</td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_z07Y4crZJjo3" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1201">-</span></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zaYEBafHhDK4" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance">3,988</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--GoodwillGross_iS_pn3n3_c20230101__20231231_zQ7yvhGt4wc9" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Beginning balance">3,988</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">2023 Activity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Acquisition of Trust Codes Global</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--AcquisitionCosts_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global">1,383</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AcquisitionCosts_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global"><span style="-sec-ix-hidden: xdx2ixbrl1209">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AcquisitionCosts_c20230101__20231231_pn3n3" style="text-align: right" title="Acquisition of Trust Codes Global">1,383</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Foreign currency translation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="text-align: right" title="Foreign currency translation">13</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Foreign currency translation"><span style="-sec-ix-hidden: xdx2ixbrl1215">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_c20230101__20231231_pn3n3" style="text-align: right" title="Foreign currency translation">13</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net book value at</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">December 31, 2023</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zxmi0iaoqabb" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">1,396</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zpzdSi6k5s62" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">3,988</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--GoodwillGross_iE_pn3n3_c20230101__20231231_zwDjPpQdeGw6" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance">5,384</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:IntangibleAssetsDisclosureTextBlock>
<us-gaap:GoodwillGross contextRef="AsOf2022-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact001203" unitRef="USD"> 3988000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillGross contextRef="AsOf2022-12-31" decimals="-3" id="Fact001205" unitRef="USD"> 3988000 </us-gaap:GoodwillGross>
<us-gaap:AcquisitionCosts contextRef="From2023-01-012023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact001207" unitRef="USD"> 1383000 </us-gaap:AcquisitionCosts>
<us-gaap:AcquisitionCosts contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001211" unitRef="USD"> 1383000 </us-gaap:AcquisitionCosts>
<us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="From2023-01-012023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact001213" unitRef="USD"> 13000 </us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
<us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001217" unitRef="USD"> 13000 </us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
<us-gaap:GoodwillGross contextRef="AsOf2023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact001219" unitRef="USD"> 1396000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillGross contextRef="AsOf2023-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact001221" unitRef="USD"> 3988000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillGross contextRef="AsOf2023-12-31" decimals="-3" id="Fact001223" unitRef="USD"> 5384000 </us-gaap:GoodwillGross>
<us-gaap:ScheduleOfAcquiredIndefiniteLivedIntangibleAssetsByMajorClassTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001230">
<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfAcquiredIndefiniteLivedIntangibleAssetsByMajorClassTextBlock_pn3n3_zJtNqoDVpTue" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B2_zwoBcopn4wDd" style="display: none">Schedule of intangible assets subject to amortization</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">December 31, 2023</td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Gross<br/> Carrying<br/> Amount</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Accumulated<br/> Amortization</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap">Net Carrying Amount</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: justify">Weighted <br/>Average<br/> Remaining<br/> Useful <br/>Life (Years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Patents and Trademarks</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Gross Carrying Amount">2,002</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Accumulated Amortization">(564</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="width: 12%; text-align: right" title="Net Carrying Amount">1,438</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zu7MT7jfyLU" title="Weighted average useful life (years)">13</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capitalized Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">161</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(109</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">52</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_znavDab5ga5l" title="Weighted average useful life (years)">2</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer Relationships</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,908</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">1,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zpOB8yZmOP7g" title="Weighted average useful life (years)">9</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Developed Technology</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">3,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(938</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">2,694</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_z3LmkspM4HIb" title="Weighted average useful life (years)">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Internally Used Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">914</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(62</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">852</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_zSSO8ZTqS2n3" title="Weighted average useful life (years)">6</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Compete Agreement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">191</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(65</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">126</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zMlRRB1BVkFk" title="Weighted average useful life (years)">3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Deferred Implementation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Carrying Amount">198</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated Amortization">(24</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Net Carrying Amount">174</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20231231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_zLXomXnWirOf" title="Weighted average useful life (years)">9</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Intangible Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Carrying Amount">9,006</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Accumulated Amortization">(2,079</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsNet_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Carrying Amount">6,927</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt">December 31, 2022</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Patents and Trademarks</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,858</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(445</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_zyKbpZffW22c" style="text-align: right" title="Net Carrying Amount">1,413</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--TrademarksMember_z79Il11VUjz2" title="Weighted average useful life (years)">13</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Capitalized Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">206</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(91</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">115</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--CapitalizedSoftwareMember_zEgkl1vORtsh" title="Weighted average useful life (years)">3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer Relationships</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">1,839</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(133</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">1,706</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_z08XfwKUExK5" title="Weighted average useful life (years)">9</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Developed Technology</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">3,143</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(360</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">2,783</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--DevelopedTechnologyRightsMember_zdT1fN2ye5dh" title="Weighted average useful life (years)">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Internally Used Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">236</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_pn3n3" style="text-align: right" title="Net Carrying Amount">232</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--InternallyUsedSoftwareMember_z9zeC25gzEMd" title="Weighted average useful life (years)">6</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Compete Agreement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Gross Carrying Amount">191</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Accumulated Amortization">(28</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_pn3n3" style="text-align: right" title="Net Carrying Amount">163</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--NoncompeteAgreementsMember_zvbdT61KWoH4" title="Weighted average useful life (years)">4</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred Implementation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Carrying Amount">140</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated Amortization">(7</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Net Carrying Amount">133</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20221231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--DeferredImplementationMember_zaayPQbfif8d" title="Weighted average useful life (years)">10</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Intangible Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Carrying Amount">7,613</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Accumulated Amortization">(1,068</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsNet_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Carrying Amount">6,545</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
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<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001232" unitRef="USD"> 2002000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001234" unitRef="USD"> -564000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001236" unitRef="USD"> 1438000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_us-gaap_TrademarksMember" id="Fact001238"> P13Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001240" unitRef="USD"> 161000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001242" unitRef="USD"> -109000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001244" unitRef="USD"> 52000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_custom_CapitalizedSoftwareMember" id="Fact001246"> P2Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001248" unitRef="USD"> 1908000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001250" unitRef="USD"> -317000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001252" unitRef="USD"> 1591000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_us-gaap_CustomerRelationshipsMember" id="Fact001254"> P9Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001256" unitRef="USD"> 3632000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001258" unitRef="USD"> -938000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001260" unitRef="USD"> 2694000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_us-gaap_DevelopedTechnologyRightsMember" id="Fact001262"> P5Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001264" unitRef="USD"> 914000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001266" unitRef="USD"> -62000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001268" unitRef="USD"> 852000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_custom_InternallyUsedSoftwareMember" id="Fact001270"> P6Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001272" unitRef="USD"> 191000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001274" unitRef="USD"> -65000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001276" unitRef="USD"> 126000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_us-gaap_NoncompeteAgreementsMember" id="Fact001278"> P3Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001280" unitRef="USD"> 198000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001282" unitRef="USD"> -24000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001284" unitRef="USD"> 174000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_custom_DeferredImplementationMember" id="Fact001286"> P9Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2023-12-31" decimals="-3" id="Fact001288" unitRef="USD"> 9006000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2023-12-31" decimals="-3" id="Fact001290" unitRef="USD"> -2079000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31" decimals="-3" id="Fact001292" unitRef="USD"> 6927000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001294" unitRef="USD"> 1858000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001296" unitRef="USD"> -445000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_us-gaap_TrademarksMember" decimals="-3" id="Fact001298" unitRef="USD"> 1413000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_us-gaap_TrademarksMember" id="Fact001300"> P13Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001302" unitRef="USD"> 206000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001304" unitRef="USD"> -91000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_custom_CapitalizedSoftwareMember" decimals="-3" id="Fact001306" unitRef="USD"> 115000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_custom_CapitalizedSoftwareMember" id="Fact001308"> P3Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001310" unitRef="USD"> 1839000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001312" unitRef="USD"> -133000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_us-gaap_CustomerRelationshipsMember" decimals="-3" id="Fact001314" unitRef="USD"> 1706000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_us-gaap_CustomerRelationshipsMember" id="Fact001316"> P9Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001318" unitRef="USD"> 3143000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001320" unitRef="USD"> -360000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001322" unitRef="USD"> 2783000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_us-gaap_DevelopedTechnologyRightsMember" id="Fact001324"> P5Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001326" unitRef="USD"> 236000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001328" unitRef="USD"> -4000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_custom_InternallyUsedSoftwareMember" decimals="-3" id="Fact001330" unitRef="USD"> 232000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_custom_InternallyUsedSoftwareMember" id="Fact001332"> P6Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001334" unitRef="USD"> 191000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001336" unitRef="USD"> -28000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_us-gaap_NoncompeteAgreementsMember" decimals="-3" id="Fact001338" unitRef="USD"> 163000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_us-gaap_NoncompeteAgreementsMember" id="Fact001340"> P4Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001342" unitRef="USD"> 140000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001344" unitRef="USD"> -7000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31_custom_DeferredImplementationMember" decimals="-3" id="Fact001346" unitRef="USD"> 133000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2022-12-31_custom_DeferredImplementationMember" id="Fact001348"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:FiniteLivedIntangibleAssetsGross contextRef="AsOf2022-12-31" decimals="-3" id="Fact001350" unitRef="USD"> 7613000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="AsOf2022-12-31" decimals="-3" id="Fact001352" unitRef="USD"> -1068000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2022-12-31" decimals="-3" id="Fact001354" unitRef="USD"> 6545000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:AmortizationOfIntangibleAssets contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001356" unitRef="USD"> 1030000 </us-gaap:AmortizationOfIntangibleAssets>
<us-gaap:AmortizationOfIntangibleAssets contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001358" unitRef="USD"> 657000 </us-gaap:AmortizationOfIntangibleAssets>
<us-gaap:ImpairmentOfIntangibleAssetsFinitelived contextRef="From2023-01-012023-12-31_us-gaap_DevelopedTechnologyRightsMember" decimals="-3" id="Fact001360" unitRef="USD"> 90000 </us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
<us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001362">
<table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_zfE7tGercFD9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS AND GOODWILL (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B0_zVxrojOLdpbl" style="display: none">Schedule of finite-lived intangible assets, future amortization expense</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20231231_zwjUbEtwBa8" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; font-weight: bold">Fiscal Year ending December 31,</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_pn3n3_maFLIANzNIP_zUUGfzHxvea8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 81%; text-align: left">2024</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">1,134</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_pn3n3_maFLIANzNIP_zCX0qIZD2HOd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,109</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_iI_pn3n3_maFLIANzNIP_zP2BKpK0kyJ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2026</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,105</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_iI_pn3n3_maFLIANzNIP_zzqoGllWQkG" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_iI_pn3n3_maFLIANzNIP_zZH5asJbsfR4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">695</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_iI_pn3n3_maFLIANzNIP_z4OCfOn8hw36" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,814</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsNet_iTI_pn3n3_mtFLIANzNIP_zN8C8XMHulL6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,927</td><td style="text-align: left"> </td></tr> </table>
</us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths contextRef="AsOf2023-12-31" decimals="-3" id="Fact001364" unitRef="USD"> 1134000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo contextRef="AsOf2023-12-31" decimals="-3" id="Fact001366" unitRef="USD"> 1109000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree contextRef="AsOf2023-12-31" decimals="-3" id="Fact001368" unitRef="USD"> 1105000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour contextRef="AsOf2023-12-31" decimals="-3" id="Fact001370" unitRef="USD"> 1070000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive contextRef="AsOf2023-12-31" decimals="-3" id="Fact001372" unitRef="USD"> 695000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive contextRef="AsOf2023-12-31" decimals="-3" id="Fact001374" unitRef="USD"> 1814000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2023-12-31" decimals="-3" id="Fact001376" unitRef="USD"> 6927000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="AsOf2023-12-31_us-gaap_FiniteLivedIntangibleAssetsMember" id="Fact001378"> P8Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001385">
<p id="xdx_804_eus-gaap--IncomeTaxDisclosureTextBlock_zSRI0kF6he1g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 6 –<span id="xdx_82C_zE7uIhrVg1K4"> INCOME TAXES </span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The reconciliation of income tax expense computed at the U.S. federal statutory rate to the income tax provision for the years ended December 31, 2023, and 2022 is as follows <i>(in thousands)</i>:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_pn3n3_z81WS1sKYUD8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BB_zNgxJ1vHbFse" style="display: none">Schedule of reconciliation of federal statutory tax rate</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20230101__20231231_zN4L6kSdkym6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20220101__20221231_zbmF36GoMmna" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; font-weight: bold">US</td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_40C_ecustom--IncomeLossBeforeIncomeTaxesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss before income taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">     Domestic</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">(2,612</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">(14,400</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_i_pn3n3" style="vertical-align: bottom; background-color: White"> <td>     Foreign</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(777</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1396">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total loss before income taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,389</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,400</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes under statutory US tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(712</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,024</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercentAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Increase (decrease) in taxes resulting from:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--ForeignTaxesAndRateDifferential_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Foreign taxes and rate differential</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(53</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1408">-</span></td><td style="text-align: left"></td></tr> <tr id="xdx_401_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_i01_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Increase (decrease) in valuation allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">642</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,188</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ChangeInStateTaxRate_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in State tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_ecustom--IncomeTaxReconciliationPriorPeriodTrueUp_i01_pn3n3_zL3q5eF41ub" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prior period true up</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,045</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxReconciliationStateAndLocalIncomeTaxes_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">State taxes</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(119</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(776</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExpenseBenefit_i01_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Income tax expense</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1422">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1423">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p id="xdx_8AC_zZmuyxWwftI" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The increase in the valuation allowance during the year ended December 31, 2023 was due primarily to the increase in our net operating losses which may not be utilized in the future. The decrease in the Company's net valuation allowance in the year ended December 31, 2022 was due primarily to a realized loss in our equity investment (See Note 2-Equity Investments), and to net operating losses which will expire unutilized due to limitations resulting from application of Section 382 of the Internal Revenue Code of 1986, as amended (“IRC”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities consist of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_pn3n3_zOtwhA96wyK4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt"><span id="xdx_8B4_zvBNCuVTDgIg" style="display: none">Schedule of deferred tax assets and liabilities</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20231231_zEDfz0OS95ki" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20221231_zcWlWRXV4cDc" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">US</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; text-indent: 22pt">Net operating loss carryforwards</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">6,318</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">6,495</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--RestrictedStockRsasRsus_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Restricted stock (RSA’s, RSU’s)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">613</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">503</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StockOptions_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Stock options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">562</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--StockPurchasePlanSpp_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Stock Purchase Plan (SPP)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsPropertyPlantAndEquipment_iNI_pn3n3_di_zSbQC9JWoDu6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 22pt">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(45</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(71</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsGoodwillAndIntangibleAssets_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 22pt">Intangibles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(27</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AcquisitionTransactionCosts_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Acquisition transaction costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">172</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--CapitalizedResearchAndDevelopment_iI_pn3n3_zR44UdYwE2eg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Capitalized research and development</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--UnrealizedGainOnInvestment_iI_pn3n3_z4nTLA0A8sid" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Unrealized gain on investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_ecustom--BadDebt_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Bad debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CapitalLossCarryforward_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Capital loss carryforward</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseOther_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Accruals & other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DividendIncome_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Dividend income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsGross_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 22pt">Gross deferred tax assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">8,294</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">7,652</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pn3n3_di_zaxBfTirLF74" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(8,294</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,652</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--DeferredTaxAssetsNet_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total deferred tax assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1472">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1473">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxLiabilitiesAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total deferred tax liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1478">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1479">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred tax assets / (liabilities)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1482">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_8A8_zaH49UUwoXVe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets may not be realized. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon these factors, Management has placed a full valuation allowance against all deferred tax assets, including net operating loss carryforwards, due to the uncertainty of future profitability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, the Company has net operating loss carryforwards of $<span id="xdx_907_eus-gaap--OperatingLossCarryforwards_iI_pn5n6_c20231231_zxF4U1G2uCMa" title="Net operating loss carryforwards">22.7</span> million for tax purposes, which will be available to offset future taxable income. If not used, $7.5 million of these carryforwards will expire beginning in 2024, and $15.2 million will carryforward indefinitely. As of the year ended December 31, 2022, Federal and state NOLs of $<span id="xdx_906_eus-gaap--OperatingLossCarryforwards_iI_pn5n6_c20221231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--ForeignCountryMember_zTTm62yH53I8" title="Net operating loss carryforwards">23.1</span> million and $<span id="xdx_905_eus-gaap--OperatingLossCarryforwards_c20221231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--DomesticCountryMember_pn3n3" title="Net operating loss carryforwards">0</span>, respectively, will expire unutilized due to the limitations of Section 382, leaving Federal and state NOL carryforwards of $24.4 million and $13.1 million, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company completed the IRC Section 382 analysis, in 2022, and determined that an ownership change occurred sufficient to impose additional limitations on the use of NOL carryforwards. The Company has not completed the IRC Section 382 analysis in 2023 and is not aware of any indicators that may impose additional limitations on the use of NOL carryforwards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_90D_ecustom--DescriptionOfOwnershipChange_c20230101__20231231" title="Description of ownership change">Utilization of the net operating losses (NOL) carryforwards may be subject to a substantial annual limitation as required by Section 382 of the IRC, due to ownership change of the company that could occur in the future, as well as similar state provisions. In general, an “ownership change” as defined by Section 382 results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percentage points of the outstanding stock of a company by certain stockholders. These ownership changes may limit the amount of NOL carryforwards that can be utilized annually to offset future taxable income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No tax benefit has been reported in the December 31, 2023, due to the uncertainty surrounding the realizability of the benefit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Uncertain Tax Positions</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and 2022 we had no uncertain tax positions reflected on our balance sheet. The Company files income tax returns in U.S. federal, state and local jurisdictions, and in one non-U.S. jurisdiction, and is subject to audit by tax authorities in those jurisdictions. The Company’s tax years from 2004 are subject to examination by the United States and state taxing authorities due to the carryforward of unutilized NOLs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Tax Cuts and Jobs Act of 2017 imposes a mandatory repatriation tax on certain unremitted foreign earnings and provides a 100% deduction to domestic corporations for certain dividends received from foreign corporations after Dec. 31, 2017. Therefore, we do not expect future dividends, if any, from the earnings of our foreign subsidiary to result in U.S. federal income taxes. Deferred tax liabilities arising from the difference between the financial reporting and income tax bases inherent in our foreign subsidiary, referred to as outside basis differences, have not been provided for U.S. income tax purposes because we do not intend to sell, liquidate or otherwise trigger the recognition of U.S. taxable income with regard to our investment in this foreign subsidiary. Determining the amount of U.S. deferred tax liabilities associated with outside basis differences is not practicable at this time. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">In accordance with FASB ASC 740 “Income Taxes”, valuation allowances are provided against deferred tax assets, if based on the weight of available evidence, some or all of the deferred tax assets may or will not be realized. The Company has evaluated its ability to realize some or all of the deferred tax assets on its balance sheet and has established a valuation allowance of approximately $<span id="xdx_90A_ecustom--DeferredTaxAssetsValuationAllowance1_iI_pn5n6_c20231231_zjcxCAdfxvU7" title="Deferred tax assets valuation allowance">8.3</span> million at December 31, 2023. The Company did not utilize any NOL deductions for the year ended December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applied the "more-likely-than-not" recognition threshold to all tax positions taken or expected to be taken in a tax return, which resulted in <span id="xdx_905_eus-gaap--UnrecognizedTaxBenefits_iI_pn3n3_do_c20231231_zNece01iFlNa" title="Unrecognized tax benefits"><span id="xdx_90F_eus-gaap--UnrecognizedTaxBenefits_iI_pn3n3_do_c20221231_zIj5tw5scn9c" title="Unrecognized tax benefits">no</span></span> unrecognized tax benefits as of December 31, 2023, and December 31, 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company had no accrual for interest and penalties on the balance sheets and recognized $<span id="xdx_903_eus-gaap--UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_c20231231_pn3n3" title="Accrual for interest and penalties">2</span> thousand in interest and/or penalties in the Statements of Operations for the year ended December 31, 2023, and $<span id="xdx_900_eus-gaap--UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_c20221231_pn3n3" title="Accrual for interest and penalties">0</span> in the fiscal year ended December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are <span id="xdx_902_eus-gaap--AccruedIncomeTaxes_iI_pn3n3_do_c20231231_zpt0vMAY2GI1" title="Taxes payable"><span id="xdx_901_eus-gaap--AccruedIncomeTaxes_iI_pn3n3_do_c20221231_zS8DCeO4oc0h" title="Taxes payable">no</span></span> taxes payable as of December 31, 2023, or December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001387">
<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_pn3n3_z81WS1sKYUD8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BB_zNgxJ1vHbFse" style="display: none">Schedule of reconciliation of federal statutory tax rate</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20230101__20231231_zN4L6kSdkym6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20220101__20221231_zbmF36GoMmna" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Year Ended December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; font-weight: bold">US</td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_40C_ecustom--IncomeLossBeforeIncomeTaxesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss before income taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">     Domestic</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">(2,612</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">(14,400</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_i_pn3n3" style="vertical-align: bottom; background-color: White"> <td>     Foreign</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(777</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1396">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total loss before income taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,389</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,400</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes under statutory US tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(712</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,024</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercentAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Increase (decrease) in taxes resulting from:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--ForeignTaxesAndRateDifferential_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Foreign taxes and rate differential</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(53</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1408">-</span></td><td style="text-align: left"></td></tr> <tr id="xdx_401_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_i01_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Increase (decrease) in valuation allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">642</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,188</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ChangeInStateTaxRate_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in State tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_ecustom--IncomeTaxReconciliationPriorPeriodTrueUp_i01_pn3n3_zL3q5eF41ub" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prior period true up</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,045</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxReconciliationStateAndLocalIncomeTaxes_i01_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">State taxes</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(119</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(776</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExpenseBenefit_i01_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Income tax expense</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1422">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1423">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001392" unitRef="USD"> -2612000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001393" unitRef="USD"> -14400000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001395" unitRef="USD"> -777000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001398" unitRef="USD"> -3389000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001399" unitRef="USD"> -14400000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001401" unitRef="USD"> -712000 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001402" unitRef="USD"> -3024000 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<vrme:ForeignTaxesAndRateDifferential contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001407" unitRef="USD"> -53000 </vrme:ForeignTaxesAndRateDifferential>
<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001410" unitRef="USD"> 642000 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001411" unitRef="USD"> -1188000 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
<vrme:ChangeInStateTaxRate contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001413" unitRef="USD"> -25000 </vrme:ChangeInStateTaxRate>
<vrme:ChangeInStateTaxRate contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001414" unitRef="USD"> -57000 </vrme:ChangeInStateTaxRate>
<vrme:IncomeTaxReconciliationPriorPeriodTrueUp contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001416" unitRef="USD"> 267000 </vrme:IncomeTaxReconciliationPriorPeriodTrueUp>
<vrme:IncomeTaxReconciliationPriorPeriodTrueUp contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001417" unitRef="USD"> 5045000 </vrme:IncomeTaxReconciliationPriorPeriodTrueUp>
<us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001419" unitRef="USD"> -119000 </us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
<us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001420" unitRef="USD"> -776000 </us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001425">
<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_pn3n3_zOtwhA96wyK4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt"><span id="xdx_8B4_zvBNCuVTDgIg" style="display: none">Schedule of deferred tax assets and liabilities</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20231231_zEDfz0OS95ki" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20221231_zcWlWRXV4cDc" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">US</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; text-indent: 22pt">Net operating loss carryforwards</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">6,318</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">6,495</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--RestrictedStockRsasRsus_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Restricted stock (RSA’s, RSU’s)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">613</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">503</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StockOptions_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Stock options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">562</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--StockPurchasePlanSpp_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Stock Purchase Plan (SPP)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsPropertyPlantAndEquipment_iNI_pn3n3_di_zSbQC9JWoDu6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 22pt">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(45</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(71</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsGoodwillAndIntangibleAssets_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 22pt">Intangibles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(27</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AcquisitionTransactionCosts_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Acquisition transaction costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">172</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--CapitalizedResearchAndDevelopment_iI_pn3n3_zR44UdYwE2eg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Capitalized research and development</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--UnrealizedGainOnInvestment_iI_pn3n3_z4nTLA0A8sid" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Unrealized gain on investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_ecustom--BadDebt_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Bad debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CapitalLossCarryforward_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Capital loss carryforward</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseOther_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 22pt">Accruals & other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DividendIncome_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 22pt">Dividend income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsGross_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 22pt">Gross deferred tax assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">8,294</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">7,652</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pn3n3_di_zaxBfTirLF74" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(8,294</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,652</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--DeferredTaxAssetsNet_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total deferred tax assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1472">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1473">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxLiabilitiesAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total deferred tax liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1478">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1479">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred tax assets / (liabilities)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1482">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>
</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2023-12-31" decimals="-3" id="Fact001427" unitRef="USD"> 6318000 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2022-12-31" decimals="-3" id="Fact001428" unitRef="USD"> 6495000 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
<vrme:RestrictedStockRsasRsus contextRef="AsOf2023-12-31" decimals="-3" id="Fact001430" unitRef="USD"> 613000 </vrme:RestrictedStockRsasRsus>
<vrme:RestrictedStockRsasRsus contextRef="AsOf2022-12-31" decimals="-3" id="Fact001431" unitRef="USD"> 503000 </vrme:RestrictedStockRsasRsus>
<vrme:StockOptions contextRef="AsOf2023-12-31" decimals="-3" id="Fact001433" unitRef="USD"> 527000 </vrme:StockOptions>
<vrme:StockOptions contextRef="AsOf2022-12-31" decimals="-3" id="Fact001434" unitRef="USD"> 562000 </vrme:StockOptions>
<vrme:StockPurchasePlanSpp contextRef="AsOf2023-12-31" decimals="-3" id="Fact001436" unitRef="USD"> 2000 </vrme:StockPurchasePlanSpp>
<vrme:StockPurchasePlanSpp contextRef="AsOf2022-12-31" decimals="-3" id="Fact001437" unitRef="USD"> 8000 </vrme:StockPurchasePlanSpp>
<us-gaap:DeferredTaxAssetsPropertyPlantAndEquipment contextRef="AsOf2023-12-31" decimals="-3" id="Fact001439" unitRef="USD"> 45000 </us-gaap:DeferredTaxAssetsPropertyPlantAndEquipment>
<us-gaap:DeferredTaxAssetsPropertyPlantAndEquipment contextRef="AsOf2022-12-31" decimals="-3" id="Fact001440" unitRef="USD"> 71000 </us-gaap:DeferredTaxAssetsPropertyPlantAndEquipment>
<us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets contextRef="AsOf2023-12-31" decimals="-3" id="Fact001442" unitRef="USD"> -27000 </us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets>
<us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets contextRef="AsOf2022-12-31" decimals="-3" id="Fact001443" unitRef="USD"> 22000 </us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets>
<vrme:AcquisitionTransactionCosts contextRef="AsOf2023-12-31" decimals="-3" id="Fact001445" unitRef="USD"> 172000 </vrme:AcquisitionTransactionCosts>
<vrme:AcquisitionTransactionCosts contextRef="AsOf2022-12-31" decimals="-3" id="Fact001446" unitRef="USD"> 110000 </vrme:AcquisitionTransactionCosts>
<vrme:CapitalizedResearchAndDevelopment contextRef="AsOf2023-12-31" decimals="-3" id="Fact001448" unitRef="USD"> -1000 </vrme:CapitalizedResearchAndDevelopment>
<vrme:CapitalizedResearchAndDevelopment contextRef="AsOf2022-12-31" decimals="-3" id="Fact001449" unitRef="USD"> 17000 </vrme:CapitalizedResearchAndDevelopment>
<vrme:UnrealizedGainOnInvestment contextRef="AsOf2023-12-31" decimals="-3" id="Fact001451" unitRef="USD"> 2000 </vrme:UnrealizedGainOnInvestment>
<vrme:UnrealizedGainOnInvestment contextRef="AsOf2022-12-31" decimals="-3" id="Fact001452" unitRef="USD"> -1000 </vrme:UnrealizedGainOnInvestment>
<vrme:BadDebt contextRef="AsOf2023-12-31" decimals="-3" id="Fact001454" unitRef="USD"> 42000 </vrme:BadDebt>
<vrme:BadDebt contextRef="AsOf2022-12-31" decimals="-3" id="Fact001455" unitRef="USD"> 9000 </vrme:BadDebt>
<vrme:CapitalLossCarryforward contextRef="AsOf2023-12-31" decimals="-3" id="Fact001457" unitRef="USD"> 680000 </vrme:CapitalLossCarryforward>
<us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther contextRef="AsOf2023-12-31" decimals="-3" id="Fact001460" unitRef="USD"> 11000 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther>
<vrme:DividendIncome contextRef="AsOf2022-12-31" decimals="-3" id="Fact001464" unitRef="USD"> -2000 </vrme:DividendIncome>
<us-gaap:DeferredTaxAssetsGross contextRef="AsOf2023-12-31" decimals="-3" id="Fact001466" unitRef="USD"> 8294000 </us-gaap:DeferredTaxAssetsGross>
<us-gaap:DeferredTaxAssetsGross contextRef="AsOf2022-12-31" decimals="-3" id="Fact001467" unitRef="USD"> 7652000 </us-gaap:DeferredTaxAssetsGross>
<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2023-12-31" decimals="-3" id="Fact001469" unitRef="USD"> 8294000 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2022-12-31" decimals="-3" id="Fact001470" unitRef="USD"> 7652000 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:OperatingLossCarryforwards contextRef="AsOf2023-12-31" decimals="-5" id="Fact001488" unitRef="USD"> 22700000 </us-gaap:OperatingLossCarryforwards>
<us-gaap:OperatingLossCarryforwards contextRef="AsOf2022-12-31_us-gaap_ForeignCountryMember" decimals="-5" id="Fact001490" unitRef="USD"> 23100000 </us-gaap:OperatingLossCarryforwards>
<us-gaap:OperatingLossCarryforwards contextRef="AsOf2022-12-31_us-gaap_DomesticCountryMember" decimals="-3" id="Fact001492" unitRef="USD"> 0 </us-gaap:OperatingLossCarryforwards>
<vrme:DescriptionOfOwnershipChange contextRef="From2023-01-01to2023-12-31" id="Fact001494"> Utilization of the net operating losses (NOL) carryforwards may be subject to a substantial annual limitation as required by Section 382 of the IRC, due to ownership change of the company that could occur in the future, as well as similar state provisions. In general, an “ownership change” as defined by Section 382 results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percentage points of the outstanding stock of a company by certain stockholders. These ownership changes may limit the amount of NOL carryforwards that can be utilized annually to offset future taxable income. </vrme:DescriptionOfOwnershipChange>
<vrme:DeferredTaxAssetsValuationAllowance1 contextRef="AsOf2023-12-31" decimals="-5" id="Fact001496" unitRef="USD"> 8300000 </vrme:DeferredTaxAssetsValuationAllowance1>
<us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2023-12-31" decimals="-3" id="Fact001498" unitRef="USD"> 0 </us-gaap:UnrecognizedTaxBenefits>
<us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2022-12-31" decimals="-3" id="Fact001500" unitRef="USD"> 0 </us-gaap:UnrecognizedTaxBenefits>
<us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued contextRef="AsOf2023-12-31" decimals="-3" id="Fact001502" unitRef="USD"> 2000 </us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued>
<us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued contextRef="AsOf2022-12-31" decimals="-3" id="Fact001504" unitRef="USD"> 0 </us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued>
<us-gaap:AccruedIncomeTaxes contextRef="AsOf2023-12-31" decimals="-3" id="Fact001506" unitRef="USD"> 0 </us-gaap:AccruedIncomeTaxes>
<us-gaap:AccruedIncomeTaxes contextRef="AsOf2022-12-31" decimals="-3" id="Fact001508" unitRef="USD"> 0 </us-gaap:AccruedIncomeTaxes>
<us-gaap:DebtDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001515">
<p id="xdx_80D_eus-gaap--DebtDisclosureTextBlock_zjA7QjmeUzLi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 7—<span id="xdx_823_zcjp9rkC6uUi">DEBT</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline">PNC Facility</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">PeriShip Global is a party to a debt facility with PNC Bank, National Association (the “PNC Facility”). The PNC Facility includes a $1 million revolving line of credit (the “RLOC”). The RLOC has no scheduled payments of principal until maturity, and bears interest per annum at a rate equal to the sum of Daily SOFR plus 2.85% with monthly interest payments. The PNC Facility also includes a four-year term note (the “Term Note”) for $2 million which matures in September of 2026 and requires equal quarterly payments of principal and interest. The Term Note incurs interest per annum at a rate equal to the sum of Daily SOFR plus 3.1%.  The RLOC and Term Note are guaranteed by VerifyMe and secured by the assets of PeriShip Global and VerifyMe.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The PNC Facility includes a number of affirmative and restrictive covenants applicable to PeriShip Global, including, among others, a financial covenant to maintain a fixed charge coverage ratio of at least 1.10 to 1.00 at the end of each fiscal year, affirmative covenants regarding delivery of financial statements, payment of taxes, and establishing primary depository accounts with PNC Bank, and restrictive covenants regarding dispositions of property, acquisitions, incurrence of additional indebtedness or liens, investments and transactions with affiliates. PeriShip Global is also restricted from paying dividends or making other distributions or payments on its capital stock if an event of default (as defined in the PNC Facility) has occurred or would occur upon such declaration of dividend. <span style="background-color: white">On November 3, 2023, PeriShip Global entered into a waiver and amendment to loan documents and received a waiver for certain events of default and entered into an amended and restated loan agreement with PNC effective October 31, 2023, which provided amendments to a number of affirmative and restrictive covenants applicable to PeriShip Global and extended the RLOC to September 30, 2024.</span> PeriShip Global was in compliance with all affirmative and restrictive covenants under the PNC Facility as of December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, our short-term debt outstanding under the Term Note was $<span id="xdx_901_eus-gaap--ShortTermBorrowings_c20231231_pn3n3" title="Short term debt outstanding">500</span> thousand and total long-term debt outstanding under the Term Note was $<span id="xdx_907_eus-gaap--LongTermDebt_c20231231_pn3n3" title="Long-term debt outstanding">875</span> thousand. During the year ended December 31, 2023, the Company made a repayment of $<span id="xdx_907_eus-gaap--RepaymentsOfDebt_pn3n3_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--TermNoteMember_zGJCvANDB9p9" title="Repayment of debt">500</span> thousand towards the principal of the outstanding Term Note. <span style="background-color: white">As of December 31, 2022, our short-term debt outstanding under the Term Note was $<span id="xdx_90E_eus-gaap--ShortTermBorrowings_iI_pn5n6_c20221231_zcROSRufm86j" title="Short term debt outstanding">0.5</span> million and total long-term debt outstanding under the Term Note was $<span id="xdx_908_eus-gaap--LongTermDebt_iI_pn5n6_c20221231_zwPYSq7brpQ" title="Long-term debt outstanding">1.4</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, $<span id="xdx_905_eus-gaap--LineOfCredit_c20231231_pn3n3" title="Drawn from RLOC">1,800</span> thousand was drawn on the RLOC, of which $<span id="xdx_90E_eus-gaap--RepaymentsOfLinesOfCredit_c20230101__20231231_pn3n3" title="Repay to RLOC">1,800</span> thousand was repaid. As of December 31, 2023, $<span id="xdx_90C_eus-gaap--LineOfCreditFacilityAverageOutstandingAmount_c20230101__20231231_pn3n3" title="Outstanding on RLOC">0</span> was outstanding on the RLOC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">Effective October 17, 2022, the Company entered into an interest rate swap agreement, with a notional amount of $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_c20221017_pn3n3" title="Notional amount">1,958</span> thousand, effectively fixing the interest rate on the Company’s outstanding debt at <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateDuringPeriod_pid_c20221001__20221017_zrVipUiAJ9Q8" title="Interest rate">7.602%</span>. The Company has designated the intertest rate swap, expiring September 2026, as a cash flow hedge and have applied hedge accounting. </span>The fair value of the derivative asset and liability associated with the interest rate swap are not significant as of December 31, 2023, and as of December 31, 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On April 22, 2022, the Company issued a $<span id="xdx_90E_ecustom--UnsecuredPromissoryNote_iI_pn3n3_dm_c20220422__us-gaap--CreditFacilityAxis__custom--PromissoryNoteMember_zu2w79td0Thd" title="Unsecured promissory note">2.0</span> million unsecured promissory note through our subsidiary PeriShip Global as part of the acquisition of the PeriShip business. The note had a fixed interest rate of <span id="xdx_90F_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_pid_c20220421__20220422__us-gaap--CreditFacilityAxis__custom--PromissoryNoteMember_zc8cwAchaSEf" title="Intrest rate">6% </span>per annum on the unpaid principal balance, to be paid in three installments on the sixth, fifteenth, and eighteenth month anniversaries of the closing. On September 22, 2022, the Company entered into an agreement with the note holder whereby the Company repaid the outstanding principal balance and accrued interest outstanding on the note and redeemed 61,000 shares of its common stock from the holder of the note, for a total of $1.8 million, at which point the guarantee agreement entered into by the Company in connection therewith was automatically terminated and has no further effect.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The Company accounted for the early extinguishment of debt in accordance with ASC 405-20 - <i>Extinguishment of Liabilities</i>, and recognized a gain included in Gain on extinguishment of debt on the accompanying Consolidated Statements of Operations of $<span id="xdx_908_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pn3n3_c20220101__20221231_zHKUQpPr9okk" title="Gain on extinguishment of debt">326</span> thousand for the year ended December 31, 2022. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Convertible Debt</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="background-color: white">On August 25, 2023, the Company entered into a Convertible Note Purchase Agreement with certain investors for the sale of convertible promissory notes for the aggregate principal amount of $<span id="xdx_901_eus-gaap--DebtInstrumentPeriodicPaymentPrincipal_c20230801__20230825_pn3n3" title="Principal amount">1,100</span> thousand </span>of which $<span id="xdx_906_ecustom--ConvertiablePromissoryNotesPurchasedByRelatedParty_c20230801__20230825_pn3n3" title="Convertible promissory notes purchased by related party">475</span> thousand was <span style="background-color: white">purchased by related parties including certain members of management and the Board of Directors. The notes are subordinated unsecured obligations of the Company and accrue interest at a rate of 8% per year payable semiannually in arrears on February 25 and August 25 of each year, beginning on February 25, 2024. The notes will mature on August 25, 2026, unless earlier converted or repurchased at a conversion price of $1.15 per share of common stock. The Company may not redeem the notes prior to the maturity date. For the year ended December 31, 2023, interest expense related to the convertible debt was $<span id="xdx_90D_eus-gaap--InterestExpenseDebt_c20230101__20231231_pn3n3" title="Interest expense">31 </span>thousand. As of December 31, 2023, the amount outstanding on the convertible debt was $<span id="xdx_90E_eus-gaap--ConvertibleDebt_c20231231_pn3n3" title="Convertible debt">1,100 </span>thousand and included in Convertible note and Convertible note – related party on the accompanying Consolidated Balance Sheets. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:DebtDisclosureTextBlock>
<us-gaap:ShortTermBorrowings contextRef="AsOf2023-12-31" decimals="-3" id="Fact001517" unitRef="USD"> 500000 </us-gaap:ShortTermBorrowings>
<us-gaap:LongTermDebt contextRef="AsOf2023-12-31" decimals="-3" id="Fact001519" unitRef="USD"> 875000 </us-gaap:LongTermDebt>
<us-gaap:RepaymentsOfDebt contextRef="From2023-01-012023-12-31_custom_TermNoteMember" decimals="-3" id="Fact001521" unitRef="USD"> 500000 </us-gaap:RepaymentsOfDebt>
<us-gaap:ShortTermBorrowings contextRef="AsOf2022-12-31" decimals="-5" id="Fact001523" unitRef="USD"> 500000 </us-gaap:ShortTermBorrowings>
<us-gaap:LongTermDebt contextRef="AsOf2022-12-31" decimals="-5" id="Fact001525" unitRef="USD"> 1400000 </us-gaap:LongTermDebt>
<us-gaap:LineOfCredit contextRef="AsOf2023-12-31" decimals="-3" id="Fact001527" unitRef="USD"> 1800000 </us-gaap:LineOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001529" unitRef="USD"> 1800000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:LineOfCreditFacilityAverageOutstandingAmount contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001531" unitRef="USD"> 0 </us-gaap:LineOfCreditFacilityAverageOutstandingAmount>
<us-gaap:DebtInstrumentFaceAmount contextRef="AsOf2022-10-17" decimals="-3" id="Fact001533" unitRef="USD"> 1958000 </us-gaap:DebtInstrumentFaceAmount>
<us-gaap:DebtInstrumentInterestRateDuringPeriod contextRef="From2022-10-012022-10-17" decimals="INF" id="Fact001535" unitRef="Pure"> 0.07602 </us-gaap:DebtInstrumentInterestRateDuringPeriod>
<vrme:UnsecuredPromissoryNote contextRef="AsOf2022-04-22_custom_PromissoryNoteMember" decimals="-3" id="Fact001537" unitRef="USD"> 2000.0 </vrme:UnsecuredPromissoryNote>
<us-gaap:LineOfCreditFacilityInterestRateDuringPeriod contextRef="From2022-04-212022-04-22_custom_PromissoryNoteMember" decimals="INF" id="Fact001539" unitRef="Pure"> 0.06 </us-gaap:LineOfCreditFacilityInterestRateDuringPeriod>
<us-gaap:GainsLossesOnExtinguishmentOfDebt contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001541" unitRef="USD"> 326000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:DebtInstrumentPeriodicPaymentPrincipal contextRef="From2023-08-012023-08-25" decimals="-3" id="Fact001543" unitRef="USD"> 1100000 </us-gaap:DebtInstrumentPeriodicPaymentPrincipal>
<vrme:ConvertiablePromissoryNotesPurchasedByRelatedParty contextRef="From2023-08-012023-08-25" decimals="-3" id="Fact001545" unitRef="USD"> 475000 </vrme:ConvertiablePromissoryNotesPurchasedByRelatedParty>
<us-gaap:InterestExpenseDebt contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001547" unitRef="USD"> 31000 </us-gaap:InterestExpenseDebt>
<us-gaap:ConvertibleDebt contextRef="AsOf2023-12-31" decimals="-3" id="Fact001549" unitRef="USD"> 1100000 </us-gaap:ConvertibleDebt>
<us-gaap:PreferredStockTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001551">
<p id="xdx_805_eus-gaap--PreferredStockTextBlock_zOzrDCauxAZ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"><b>NOTE 8 – <span id="xdx_82D_zatzWkZ0l9Se">CONVERTIBLE PREFERRED STOCK</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">The Company is authorized to issue Series A Convertible Preferred Stock, par value of $<span id="xdx_90D_eus-gaap--PreferredStockParOrStatedValuePerShare_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_pdd" title="Preferred stock, par value (in dollars per share)"><span id="xdx_90A_eus-gaap--PreferredStockParOrStatedValuePerShare_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_pdd" title="Preferred stock, par value (in dollars per share)">0.001</span></span> per share (the “Series A”) and Series B Convertible Preferred Stock, par value of $<span id="xdx_90C_eus-gaap--PreferredStockParOrStatedValuePerShare_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Preferred stock, par value (in dollars per share)"><span id="xdx_90D_eus-gaap--PreferredStockParOrStatedValuePerShare_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Preferred stock, par value (in dollars per share)">0.001</span></span> per share (the “Series B”). As of December 31, 2023, and 2022, there were <span id="xdx_903_eus-gaap--PreferredStockSharesOutstanding_iI_do_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zJibNNDosx33" title="Convertible Preferred Stock, outstanding"><span id="xdx_904_eus-gaap--PreferredStockSharesOutstanding_iI_do_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zYhsrhOwMi43" title="Convertible Preferred Stock, outstanding">no</span></span> shares of Series A outstanding and <span id="xdx_902_eus-gaap--PreferredStockSharesOutstanding_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Convertible Preferred Stock, outstanding"><span id="xdx_903_eus-gaap--PreferredStockSharesOutstanding_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Convertible Preferred Stock, outstanding">0.85</span></span> of a share of Series B outstanding convertible into <span id="xdx_909_eus-gaap--ConversionOfStockSharesConverted1_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Number of shares converted"><span id="xdx_904_eus-gaap--ConversionOfStockSharesConverted1_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_pdd" title="Number of shares converted">144,444</span></span> shares of common stock. Each share of Series A and Series B has limited voting rights, is entitled to participate with the common stock on liquidation and holders of Series A and Series B are subject to beneficial ownership limitations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:PreferredStockTextBlock>
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2023-12-31_us-gaap_SeriesAPreferredStockMember" decimals="INF" id="Fact001553" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2022-12-31_us-gaap_SeriesAPreferredStockMember" decimals="INF" id="Fact001555" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2023-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001557" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2022-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001559" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>
<us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2023-12-31_us-gaap_SeriesAPreferredStockMember" decimals="INF" id="Fact001561" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2022-12-31_us-gaap_SeriesAPreferredStockMember" decimals="INF" id="Fact001563" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2023-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001565" unitRef="Shares"> 0.85 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2022-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001567" unitRef="Shares"> 0.85 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:ConversionOfStockSharesConverted1 contextRef="From2023-01-012023-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001569" unitRef="Shares"> 144444 </us-gaap:ConversionOfStockSharesConverted1>
<us-gaap:ConversionOfStockSharesConverted1 contextRef="From2022-01-012022-12-31_us-gaap_SeriesBPreferredStockMember" decimals="INF" id="Fact001571" unitRef="Shares"> 144444 </us-gaap:ConversionOfStockSharesConverted1>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001578">
<p id="xdx_804_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zJqhZ7usjjHi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 9 – <span id="xdx_82A_zH2hTi7itSZ9">STOCKHOLDERS’ EQUITY</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company expensed $<span id="xdx_904_eus-gaap--RestrictedStockExpense_c20230101__20231231_pn3n3" title="Restricted stock/restricted stock units, expense">477</span> thousand and $<span id="xdx_906_eus-gaap--RestrictedStockExpense_c20220101__20221231_pn3n3" title="Restricted stock/restricted stock units, expense">239</span> thousand related to restricted awards for the years ended December 31, 2023 and December 31, 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company expensed $<span id="xdx_90D_ecustom--StockIssuedDuringPeriodValueRestrictedStockAwardNet_c20230101__20231231_pn3n3" title="Restricted stock/restricted stock award, expense">998</span> thousand and $<span id="xdx_903_ecustom--StockIssuedDuringPeriodValueRestrictedStockAwardNet_c20220101__20221231_pn3n3" title="Restricted stock/restricted stock award, expense">1,084</span> thousand related to restricted stock units for the years ended December 31, 2023 and December 31, 2022, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">On November 2, 2023 the Company issued <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesOther_c20231030__20231102__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Stock issued during period, shares, other">56,272</span> shares of common stock upon vesting of <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesOther_c20231030__20231102__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pdd" title="Stock issued during period, shares, other">72,329</span> restricted stock units, net of 16,057 shares of common stock withheld for taxes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">On September 20, 2023, the Company issued <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230901__20230920__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zVULLuFg87Sd" title="Stock issued during period, shares, other">15,965</span> shares of common stock upon vesting of <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230901__20230920__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_z4d3c539tLN6" title="Stock issued during period, shares, other">22,807</span> restricted stock units, net of <span id="xdx_904_eus-gaap--SharesPaidForTaxWithholdingForShareBasedCompensation_c20230901__20230920__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z6wk2pZHtqzf" title="Shares withheld for tax withholding obligation">6,842</span> shares of commons stock withheld for taxes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">On July 31, 2023, the Company issued <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230701__20230731__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Stock issued during period, shares, other">14,000</span> shares of common stock upon vesting of<span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230701__20230731__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pdd" title="Stock issued during period, shares, other"> 20,000</span> restricted stock awards, net of <span id="xdx_902_eus-gaap--SharesPaidForTaxWithholdingForShareBasedCompensation_c20230701__20230731__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Shares withheld for tax withholding obligation">6,000</span> shares of common stock withheld for taxes. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">On April 22, 2023, <span id="xdx_905_eus-gaap--TreasuryStockSharesRetired_c20220401__20220422__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Stock retired">750</span> shares of common stock were retired to cover taxes on the vesting of <span id="xdx_90E_eus-gaap--TreasuryStockSharesRetired_c20220401__20220422__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pdd" title="Stock retired">2,500</span> restricted stock award. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">On March 31, 2023, the Company issued <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230302__20230331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Stock issued during period, shares, other">1,750</span> shares of common stock upon vesting of <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230302__20230331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pdd" title="Stock issued during period, shares, other">2,500</span> restricted stock units, net of <span id="xdx_904_eus-gaap--SharesPaidForTaxWithholdingForShareBasedCompensation_c20230302__20230331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_pdd" title="Shares withheld for tax withholding obligation">750</span> shares of common stock withheld for taxes. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 28, 2023, <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230201__20230228__us-gaap--BusinessAcquisitionAxis__custom--TrustCodesGlobalLimitedMember_pdd" title="Stock issued during period, shares, other">353,492 </span>shares of common stock were issued in relation to the acquisition of Trust Codes Global, see Note 4 – Business Combinations, for details.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 31, 2023, the Company issued <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedCommonStockMember_pdd" title="Stock issued for services">133,654</span> of restricted common stock, vesting immediately, with a value of $<span id="xdx_901_eus-gaap--StockIssuedDuringPeriodValueIssuedForServices_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedCommonStockMember_pn3n3" title="Stock issued for services value">147</span> thousand, for consulting services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, the Company retired <span id="xdx_908_eus-gaap--TreasuryStockSharesRetired_c20230101__20231231_pdd" title="Stock retired">5,515</span> shares of common stock held in Treasury and <span id="xdx_903_ecustom--ShareForfeitedOrCancelled_c20230101__20231231_zjNYcln0ucPb" title="Share forfeited or cancelled">1,496</span> shares of common stock outstanding, relating to issuances in prior periods that have been forfeited or cancelled.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, the Company issued <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesOther_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--FormerDirectorMember_pdd" title="Stock issued during period, shares, other">50,002</span> shares of common stock issued upon the separation of a former director, relating to 50,002 shares of restricted stock units that had previously vested.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Non-Qualified Stock Purchase Plan</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 10, 2021, the stockholders of the Company approved a non-qualified stock purchase plan (the “2021 Plan”). The 2021 Plan provides eligible participants, including employees, directors and consultants of the Company, the opportunity to purchase shares of the Company’s common stock thereby increasing their interest in the Company’s continued success. The maximum number of common stock reserved and available for issuance under the 2021 Plan is 500,000 shares. The purchase price of shares of common stock acquired pursuant to the exercise of an option will be the lesser of 85% of the fair market value of a share (a) on the enrollment date, and (b) on the exercise date. The 2021 Plan is not intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”). The Company applied FASB ASC 718, “Compensation-Stock Compensation” and estimated the fair value using the Black-Scholes model, as the 2021 Plan is considered compensatory. In relation to the 2021 Plan the Company expensed $<span id="xdx_90B_ecustom--NonqualifiedStockPurchasePlanExpenses_c20230101__20231231_pn3n3" title="Non-qualified stock purchase plan expenses">53</span> thousand and $<span id="xdx_909_ecustom--NonqualifiedStockPurchasePlanExpenses_c20220101__20221231_pn3n3" title="Non-qualified stock purchase plan expenses">122</span> thousand for the years ended December 31, 2023 and December 31, 2022, respectively. During the years ended December 31, 2023, and December 31, 2022, the Company received $<span id="xdx_900_eus-gaap--ProceedsFromStockPlans_c20230101__20231231_pn3n3" title="Proceeds from SPP Plan">80</span> thousand and $<span id="xdx_90E_eus-gaap--ProceedsFromStockPlans_c20220101__20221231_pn3n3" title="Proceeds from SPP Plan">102</span> thousand, respectively, in proceeds related to the 2021 Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Shares Held in Treasury</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and December 31, 2022, the Company had <span id="xdx_90D_eus-gaap--TreasuryStockCommonShares_c20231231_pdd" title="Treasury stock share">329,351</span> and <span id="xdx_90C_eus-gaap--TreasuryStockCommonShares_c20221231_pdd" title="Treasury stock share">389,967</span> shares, respectively, held in treasury with a value of approximately $<span id="xdx_90C_eus-gaap--TreasuryStockCommonValue_c20231231_pn3n3" title="Treasury stock value">659</span> thousand and $<span id="xdx_902_eus-gaap--TreasuryStockCommonValue_c20221231_pn3n3" title="Treasury stock value">949</span> thousand, respectively.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 31, 2023, six participants exercised their option under the Company’s 2021 Plan, and as a result, <span id="xdx_90E_ecustom--NonqualifiedStockPurchasePlan_iI_c20230831__us-gaap--PlanNameAxis__custom--Plan2021Member_z0lmiuerFxZ4" title="Non-qualified stock purchase plan">12,802</span> shares were issued from treasury, with an exercise price of $<span id="xdx_90F_ecustom--NonqualifiedStockPurchaseExercisePrice_iI_c20230831__us-gaap--PlanNameAxis__custom--Plan2021Member_zdOadT5iIpSa" title="Non-qualified stock purchase exercise price">0.96</span> per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 28, 2023, fourteen participants exercised their option under the Company’s 2021 Plan, and as a result, <span id="xdx_90A_ecustom--NonqualifiedStockPurchasePlan_iI_c20220228__us-gaap--PlanNameAxis__custom--Plan2021Member_znsz7kitVBV9" title="Non-qualified stock purchase plan">57,245</span> shares were issued, of which <span id="xdx_901_eus-gaap--TreasuryStockCommonShares_iI_c20220228__us-gaap--PlanNameAxis__custom--Plan2021Member_zo46mGKj8myg" title="Treasury stock share">48,500</span> were issued from treasury, with an exercise price of $<span id="xdx_90B_ecustom--NonqualifiedStockPurchaseExercisePrice_iI_c20220228__us-gaap--PlanNameAxis__custom--Plan2021Member_zyDUFLnNBDG2" title="Non-qualified stock purchase exercise price">1.19 </span>per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Shares Repurchase Program</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective July 1, 2022, the Company’s Board of Directors approved a share repurchase program to allow the Company to spend up to $<span id="xdx_90E_eus-gaap--AcceleratedShareRepurchasesAdjustmentToRecordedAmount_pn5n6_c20201101__20201130_zStoARcWxnv1" title="Share repurchase program">1.5</span> million to repurchase shares of its common stock, so long as the price does not exceed $5.00. This plan ended on July 1, 2023. During the year ended December 31, 2023, the Company repurchased <span id="xdx_905_eus-gaap--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_c20231231_pdd" title="Repurchased shares of common stock">6,201 </span>shares of common stock for $<span id="xdx_907_eus-gaap--StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_c20231231_pn3n3" title="Repurchased shares of common stock, amount">10</span> thousand under the Company’s repurchase program. <span id="xdx_906_ecustom--ShareRepurchaseProgramDescription_c20230101__20231231" title="Share repurchase program description">In December 2023, the Company’s Board of Directors approved a new share repurchase program to allow the Company to spend up to $0.5 million to repurchase shares of its common stock so long as the price does not exceed $1.00 until December 14, 2024. During the year ended December 31, 2023, the Company did not repurchase shares of common stock under the Company’s current program. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
<us-gaap:RestrictedStockExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001580" unitRef="USD"> 477000 </us-gaap:RestrictedStockExpense>
<us-gaap:RestrictedStockExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001582" unitRef="USD"> 239000 </us-gaap:RestrictedStockExpense>
<vrme:StockIssuedDuringPeriodValueRestrictedStockAwardNet contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001584" unitRef="USD"> 998000 </vrme:StockIssuedDuringPeriodValueRestrictedStockAwardNet>
<vrme:StockIssuedDuringPeriodValueRestrictedStockAwardNet contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001586" unitRef="USD"> 1084000 </vrme:StockIssuedDuringPeriodValueRestrictedStockAwardNet>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-10-302023-11-02_us-gaap_CommonStockMember" decimals="INF" id="Fact001588" unitRef="Shares"> 56272 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-10-302023-11-02_us-gaap_RestrictedStockMember" decimals="INF" id="Fact001590" unitRef="Shares"> 72329 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-09-012023-09-20_us-gaap_CommonStockMember" decimals="INF" id="Fact001592" unitRef="Shares"> 15965 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-09-012023-09-20_us-gaap_RestrictedStockMember" decimals="INF" id="Fact001594" unitRef="Shares"> 22807 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation contextRef="From2023-09-012023-09-20_us-gaap_CommonStockMember" decimals="INF" id="Fact001596" unitRef="Shares"> 6842 </us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-07-012023-07-31_us-gaap_CommonStockMember" decimals="INF" id="Fact001598" unitRef="Shares"> 14000 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-07-012023-07-31_us-gaap_RestrictedStockMember" decimals="INF" id="Fact001600" unitRef="Shares"> 20000 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation contextRef="From2023-07-012023-07-31_us-gaap_CommonStockMember" decimals="INF" id="Fact001602" unitRef="Shares"> 6000 </us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation>
<us-gaap:TreasuryStockSharesRetired contextRef="From2022-04-012022-04-22_us-gaap_CommonStockMember" decimals="INF" id="Fact001604" unitRef="Shares"> 750 </us-gaap:TreasuryStockSharesRetired>
<us-gaap:TreasuryStockSharesRetired contextRef="From2022-04-012022-04-22_us-gaap_RestrictedStockMember" decimals="INF" id="Fact001606" unitRef="Shares"> 2500 </us-gaap:TreasuryStockSharesRetired>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-03-022023-03-31_us-gaap_CommonStockMember" decimals="INF" id="Fact001608" unitRef="Shares"> 1750 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-03-022023-03-31_us-gaap_RestrictedStockMember" decimals="INF" id="Fact001610" unitRef="Shares"> 2500 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation contextRef="From2023-03-022023-03-31_us-gaap_CommonStockMember" decimals="INF" id="Fact001612" unitRef="Shares"> 750 </us-gaap:SharesPaidForTaxWithholdingForShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-02-012023-02-28_custom_TrustCodesGlobalLimitedMember" decimals="INF" id="Fact001614" unitRef="Shares"> 353492 </us-gaap:StockIssuedDuringPeriodSharesOther>
<us-gaap:StockIssuedDuringPeriodSharesIssuedForServices contextRef="From2023-01-012023-12-31_custom_RestrictedCommonStockMember" decimals="INF" id="Fact001616" unitRef="Shares"> 133654 </us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
<us-gaap:StockIssuedDuringPeriodValueIssuedForServices contextRef="From2023-01-012023-12-31_custom_RestrictedCommonStockMember" decimals="-3" id="Fact001618" unitRef="USD"> 147000 </us-gaap:StockIssuedDuringPeriodValueIssuedForServices>
<us-gaap:TreasuryStockSharesRetired contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001620" unitRef="Shares"> 5515 </us-gaap:TreasuryStockSharesRetired>
<vrme:ShareForfeitedOrCancelled contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001622" unitRef="Shares"> 1496 </vrme:ShareForfeitedOrCancelled>
<us-gaap:StockIssuedDuringPeriodSharesOther contextRef="From2023-01-012023-12-31_custom_FormerDirectorMember" decimals="INF" id="Fact001624" unitRef="Shares"> 50002 </us-gaap:StockIssuedDuringPeriodSharesOther>
<vrme:NonqualifiedStockPurchasePlanExpenses contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001626" unitRef="USD"> 53000 </vrme:NonqualifiedStockPurchasePlanExpenses>
<vrme:NonqualifiedStockPurchasePlanExpenses contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001628" unitRef="USD"> 122000 </vrme:NonqualifiedStockPurchasePlanExpenses>
<us-gaap:ProceedsFromStockPlans contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001630" unitRef="USD"> 80000 </us-gaap:ProceedsFromStockPlans>
<us-gaap:ProceedsFromStockPlans contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001632" unitRef="USD"> 102000 </us-gaap:ProceedsFromStockPlans>
<us-gaap:TreasuryStockCommonShares contextRef="AsOf2023-12-31" decimals="INF" id="Fact001634" unitRef="Shares"> 329351 </us-gaap:TreasuryStockCommonShares>
<us-gaap:TreasuryStockCommonShares contextRef="AsOf2022-12-31" decimals="INF" id="Fact001636" unitRef="Shares"> 389967 </us-gaap:TreasuryStockCommonShares>
<us-gaap:TreasuryStockCommonValue contextRef="AsOf2023-12-31" decimals="-3" id="Fact001638" unitRef="USD"> 659000 </us-gaap:TreasuryStockCommonValue>
<us-gaap:TreasuryStockCommonValue contextRef="AsOf2022-12-31" decimals="-3" id="Fact001640" unitRef="USD"> 949000 </us-gaap:TreasuryStockCommonValue>
<vrme:NonqualifiedStockPurchasePlan contextRef="AsOf2023-08-31_custom_Plan2021Member" decimals="INF" id="Fact001642" unitRef="Shares"> 12802 </vrme:NonqualifiedStockPurchasePlan>
<vrme:NonqualifiedStockPurchaseExercisePrice contextRef="AsOf2023-08-31_custom_Plan2021Member" decimals="INF" id="Fact001644" unitRef="USDPShares"> 0.96 </vrme:NonqualifiedStockPurchaseExercisePrice>
<vrme:NonqualifiedStockPurchasePlan contextRef="AsOf2022-02-28_custom_Plan2021Member" decimals="INF" id="Fact001651" unitRef="Shares"> 57245 </vrme:NonqualifiedStockPurchasePlan>
<us-gaap:TreasuryStockCommonShares contextRef="AsOf2022-02-28_custom_Plan2021Member" decimals="INF" id="Fact001653" unitRef="Shares"> 48500 </us-gaap:TreasuryStockCommonShares>
<vrme:NonqualifiedStockPurchaseExercisePrice contextRef="AsOf2022-02-28_custom_Plan2021Member" decimals="INF" id="Fact001655" unitRef="USDPShares"> 1.19 </vrme:NonqualifiedStockPurchaseExercisePrice>
<us-gaap:AcceleratedShareRepurchasesAdjustmentToRecordedAmount contextRef="From2020-11-012020-11-30" decimals="-5" id="Fact001657" unitRef="USD"> 1500000 </us-gaap:AcceleratedShareRepurchasesAdjustmentToRecordedAmount>
<us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased contextRef="AsOf2023-12-31" decimals="INF" id="Fact001659" unitRef="Shares"> 6201 </us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased>
<us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 contextRef="AsOf2023-12-31" decimals="-3" id="Fact001661" unitRef="USD"> 10000 </us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1>
<vrme:ShareRepurchaseProgramDescription contextRef="From2023-01-01to2023-12-31" id="Fact001663"> In December 2023, the Company’s Board of Directors approved a new share repurchase program to allow the Company to spend up to $0.5 million to repurchase shares of its common stock so long as the price does not exceed $1.00 until December 14, 2024. During the year ended December 31, 2023, the Company did not repurchase shares of common stock under the Company’s current program.  </vrme:ShareRepurchaseProgramDescription>
<us-gaap:ShareholdersEquityAndShareBasedPaymentsTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001665">
<p id="xdx_80D_eus-gaap--ShareholdersEquityAndShareBasedPaymentsTextBlock_ziaKQMYwcb1d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>NOTE 10– <span id="xdx_825_zmJe2U722rw4">STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During 2013, the Company adopted the 2013 Omnibus Equity Compensation Plan (the “2013 Plan”). Under the 2013 Plan, the Company is authorized to grant awards of stock options, restricted stock, restricted stock units and other stock-based awards up to an aggregate of <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_c20131231__us-gaap--AwardTypeAxis__custom--StockOptionsRestrictedStockandUnitsandOtherStockbasedAwardsMember__us-gaap--PlanNameAxis__custom--OmnibusEquityCompensationPlan2013Member_pdd" title="Number of shares authorized to grand awards">400,000</span> shares of common stock.  The 2013 Plan is intended to permit certain stock options granted to employees under the 2013 Plan to qualify as incentive stock options.  All options granted under the 2013 Plan, which are not intended to qualify as incentive stock options are deemed to be non-qualified stock options.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 14, 2017, the Executive Committee of the Company’s Board of Directors adopted the 2017 Equity Incentive Plan (the “2017 Plan”) which covered the potential issuance of <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20171113__20171114__srt--TitleOfIndividualAxis__srt--BoardOfDirectorsChairmanMember__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2017Member_pdd" title="Stock issued during period shares new issues">260,000</span> shares of common stock. The 2017 Plan provided that directors, officers, employees, and consultants of the Company were eligible to receive equity incentives under the 2017 Plan at the discretion of the Board or the Board’s Compensation Committee.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 10, 2020, the Company’s Board of Directors adopted the 2020 Equity Incentive Plan (the “2020 Plan”), subject to stockholder approval, which authorizes the potential issuance of up to <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200809__20200810__srt--TitleOfIndividualAxis__srt--BoardOfDirectorsChairmanMember__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2017Member_pdd" title="Stock issued during period shares new issues">1,069,110</span> shares of common stock. On September 30, 2020, the Company’s stockholders approved the 2020 Plan, and upon such approval the 2020 Plan became effective and the 2017 Plan was terminated. Shares of common stock underlying existing awards under the 2017 Plan may become available for issuance pursuant to the terms of the 2020 Plan under certain circumstances. Employees and non-employee directors of the Company or its affiliates, and other individuals who perform services for the Company or any of its affiliates, are eligible to receive awards under the 2020 Plan at the discretion of the Board of Directors or the Board’s Compensation Committee.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 28, 2022, the Company’s Board of Directors adopted the First Amendment to the 2020 Plan, subject to stockholder approval, which increased the shares authorized for potential issuance under the 2020 Plan to <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220302__20220328__srt--TitleOfIndividualAxis__srt--BoardOfDirectorsChairmanMember__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2020Member_zhZeq8Q3lizf" title="Stock issued during period shares new issues">2,069,100</span> shares of common stock and extended the term of the 2020 Plan to June 9, 2023. On June 9, 2022, the Company’s stockholders approved the First Amendment to the 2020 Plan. On April 17, 2023, the Company’s Board of Directors adopted the Second Amendment to the 2020 Plan, subject to stockholder approval, which increased the shares authorized for potential issuance under the 2020 Plan to <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220601__20220609__srt--TitleOfIndividualAxis__srt--BoardOfDirectorsChairmanMember__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2020Member_pdd" title="Stock issued during period shares new issues">3,069,110</span> shares of common stock and extended the term of the 2020 Plan to June 6, 2033, and increased the annual cap on director compensation by $50 thousand. On June 6, 2023, the Company’s stockholders approved the Second Amendment to the 2020 Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 2020 Plan, as amended, is administered by the Compensation Committee which determines the persons to whom awards will be granted, the number of awards to be granted and the specific terms of each grant, including the vesting thereof, subject to the provisions of the plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription_c20230101__20231231__us-gaap--AwardTypeAxis__custom--IncentiveStockOptionsMember" title="Exercise price, description">In connection with incentive stock options, the exercise price of each option may not be less than 100% of the fair market value of the common stock on the date of the grant (or 110% of the fair market value in the case of a grantee holding more than 10% of the outstanding stock of the Company). The aggregate fair market value (determined at the time of the grant) of stock with respect to which incentive stock options are exercisable for the first time by any individual during any calendar year (under all plans of the Company and its affiliates) shall not exceed $100 thousand, and the options in excess of $100 thousand shall be deemed to be non-qualified stock options, including prices, duration, transferability and limitations on exercise. The maximum number of shares of common stock that may be issued under the 2020 Plan pursuant to incentive stock options may not exceed, in the aggregate, <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20230101__20231231__us-gaap--PlanNameAxis__custom--IssuedUnderThe2020PlanMember_pdd" title="Incentive stock options granted">1,000,000</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has issued non-qualified stock options pursuant to contractual agreements with non-employees. Options granted under the agreements are expensed when the related service or product is provided. Determining the appropriate fair value of stock-based awards requires the input of subjective assumptions. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value represent management’s best estimates and involve inherent uncertainties and judgements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline">Stock Options</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the activities for the Company’s stock options as of December 31, 2023, and 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_pn3n3_zdnNHigCsVZe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zZYndr42HOfd" style="display: none">Schedule of stock options</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td colspan="13" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Options Outstanding</b></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Remaining</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Aggregate</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted-</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Contractual</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Intrinsic</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Term</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Value</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Exercise Price</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>(in years)</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>(in thousands)<sup>(1)</sup></b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 39%; text-align: left">Balance as of December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zpbTc5c3fePc" style="width: 12%; text-align: right" title="Balance at beginning">465,471</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zQZinIDo0ATf" style="width: 12%; text-align: right" title="Weighted Average Exercise Price, Balance at beginning">4.38</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zx26T6qfFQz1" style="text-align: right" title="Granted"><span style="-sec-ix-hidden: xdx2ixbrl1692">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7qBELuKTRoj" style="text-align: right" title="Weighted Average Exercise Price, Granted"><span style="-sec-ix-hidden: xdx2ixbrl1694">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled/Expired</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z9PDv23ItAf9" style="text-align: right" title="Forfeited/Cancelled/Expired">(128,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zHsVTAvgFTXa" style="text-align: right" title="Weighted Average Exercise Price, Forfeited/Cancelled/Expired">3.74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUvJOmR0ZeP" style="text-align: right" title="Balance at beginning">337,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zTdLn4I7XOc4" style="text-align: right" title="Weighted Average Exercise Price, Balance at beginning">4.63</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 27pt; padding-bottom: 2.5pt; text-align: left">Exercisable as of December 31, 2022</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zeQzfTXiOSFe" style="border-bottom: Black 2.5pt double; text-align: right" title="Vested and Exercisable at ending">337,471</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zY0zOJXdRZEc" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.63</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zmVcOSMQbrU6" title="Weighted Average Remaining Contractual Term, Exercisable at ending">2.4</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pn3n3_c20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_fKDEp_zd1zEImQv9Ib" style="border-bottom: Black 2.5pt double; text-align: right" title="Aggregate Intrinsic Value"><span style="-sec-ix-hidden: xdx2ixbrl1710">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zZONVf0HXYw6" style="text-align: right" title="Granted"><span style="-sec-ix-hidden: xdx2ixbrl1712">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zT1vnk7VqQOe" style="text-align: right" title="Weighted Average Exercise Price, Granted"><span style="-sec-ix-hidden: xdx2ixbrl1714">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled/Expired</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z24CneKi8Bg2" style="text-align: right" title="Forfeited/Cancelled/Expired">(36,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7uHbzBUvt42" style="text-align: right" title="Weighted Average Exercise Price, Forfeited/Cancelled/Expired">5.17</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of December 31, 2023</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zuZfFL2lfcQg" style="text-align: right" title="Vested and Exercisable at ending">301,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zKxajI2r2YF4" style="text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.56</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 27pt; padding-bottom: 2.5pt; text-align: left">Exercisable as of December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zb8K4FyoEqA4" style="border-bottom: Black 2.5pt double; text-align: right" title="Vested and Exercisable at ending">301,471</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCurDvbjEuv9" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.56</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zheD146q0n1h" title="Weighted Average Remaining Contractual Term, Exercisable at ending">1.2</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pn3n3_c20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_fKDEp_z7OTRWCCMI18" style="border-bottom: Black 2.5pt double; text-align: right" title="Aggregate Intrinsic Value"><span style="-sec-ix-hidden: xdx2ixbrl1730">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td id="xdx_F05_zzfwALV2APn5" style="width: 27pt">(1)</td><td id="xdx_F1C_zVVEs4baKrik" style="text-align: justify">The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for options that were in-the-money at each respective period. </td></tr></table> <p id="xdx_8AB_z5wgji0Wsd52" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of December 31, 2023, and 2022, the Company had no unvested stock options.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, and 2022, the Company expensed $<span id="xdx_908_eus-gaap--StockOptionPlanExpense_c20230101__20231231__us-gaap--PlanNameAxis__custom--Plan2019Member_pn3n3" title="Stock or Unit Option Plan Expense"><span id="xdx_90A_eus-gaap--StockOptionPlanExpense_c20220101__20221231__us-gaap--PlanNameAxis__custom--Plan2019Member_pn3n3" title="Stock or Unit Option Plan Expense">0</span></span> thousand with respect to options.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and 2022, there was $<span id="xdx_902_ecustom--UnrecognizedCompensationCostOutstanding_c20231231__us-gaap--PlanNameAxis__custom--Plan2019Member_pn3n3" title="Unrecognized compensation cost"><span id="xdx_903_ecustom--UnrecognizedCompensationCostOutstanding_c20221231__us-gaap--PlanNameAxis__custom--Plan2019Member_pn3n3" title="Unrecognized compensation cost">0</span></span> unrecognized compensation cost related to outstanding stock options.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Restricted Stock Awards and Restricted Stock Units</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the unvested restricted stock awards as of December 31, 2023 and 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock_pn3n3_zkJ28kNI6oKd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> <span id="xdx_8B5_zFXPEc9ffhig" style="display: none">Schedule of unvested options</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Grant</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Award Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Date Fair Value</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%; text-align: left">Unvested at December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmVy59Q8o82f" style="width: 15%; text-align: right" title="Number of award shares at beginning">44,642</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zE4vK8lbqjz3" style="width: 15%; text-align: right" title="Weighted average grant date fair value at beginning">4.31</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zfjPVCeVuw12" style="text-align: right" title="Number of award shares Granted">39,308</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zBDKvxZKWbwf" style="text-align: right" title="Weighted average grant date fair value Granted">3.18</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left">Vested</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zFCumX6IwGoe" style="border-bottom: Black 1pt solid; text-align: right" title="Number of award shares Vested">(42,142</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zEpxX9LMoxsj" style="text-align: right" title="Weighted average grant date fair value Vested">4.32</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance at December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zYlpwgraoWdf" style="text-align: right" title="Number of award shares at beginning">41,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zzlbfZNR7d5d" style="text-align: right" title="Weighted average grant date fair value at beginning">3.24</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmVGSkMHjS5d" style="text-align: right" title="Number of award shares Granted">506,194</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zIW7ITransOc" style="text-align: right" title="Weighted average grant date fair value Granted">1.45</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zHDNPj5JXy08" style="text-align: right" title="Number of award shares Vested">(131,333</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zyeu0rZ3Elu7" style="text-align: right" title="Weighted average grant date fair value Vested">2.06</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Balance at December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zNyjmCF1DuI8" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of award shares at ending">416,669</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zh0kZybdesfd" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value at ending">1.44</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A9_ziLR1H1sDTK9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and 2022, total unrecognized share-based compensation cost related to unvested restricted stock awards was $<span id="xdx_90D_ecustom--UnrecognizedCompensationCost_c20231231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pn3n3" title="Unvested restricted stock awards">260</span> thousand and $<span id="xdx_90C_ecustom--UnrecognizedCompensationCost_c20221231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_pn3n3" title="Unvested restricted stock awards">2</span> thousand respectively, which is expected to be recognized over a weighted-average period of <span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember_zC1aGGesDzc2" title="Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term">0.44</span> years as of December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the unvested restricted stock units as of December 31, 2023 and 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock_pn3n3_zzi0h0qUaJWl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"><span id="xdx_8BF_z62wmOis88T7" style="display: none">Schedule of unvested restricted stock awards</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td colspan="5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Unvested Restricted Stock Units</b></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Grant</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Unit Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Date Fair Value</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%; text-align: left">Unvested at December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zZzzAw4t3vIe" style="width: 15%; text-align: right" title="Balance at beginning">187,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zSOjOmPzvfng" style="width: 15%; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">4.11</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z17uqZgv93lf" style="text-align: right" title="Granted">418,041</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zxLdBDQIhotf" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">2.14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z6RGETWE6gFj" style="text-align: right" title="Vested">(191,425</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z0e41Kc48fpk" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested">4.07</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unvested at December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zQU3QCbF3tD4" style="text-align: right" title="Balance at beginning">413,626</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zYDu3UYBP3q7" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">2.14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zvCYXMIuNSee" style="text-align: right" title="Granted">272,941</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zoCBlE8nOuL5" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">1.35</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zoOAiYVscs8b" style="text-align: right" title="Vested">(294,261</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zIW8U8Sl7mij" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested">2.51</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmNY2SlbpYub" style="text-align: right" title="Forfeited/Cancelled">(21,053</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zsHa2vQxS5U2" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Forfeited/Cancelled">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Balance at December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z0bbsmVwZmH5" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance at ending">371,253</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zGDAfJFXXb0k" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at ending">1.32</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zOHyNr2PidLc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and 2022, total unrecognized share-based compensation cost related to unvested restricted stock units was $<span id="xdx_90B_ecustom--UnrecognizedCompensationCost_c20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_pn3n3" title="Unvested restricted stock awards">301</span> thousand and $<span id="xdx_90A_ecustom--UnrecognizedCompensationCost_c20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_pn3n3" title="Unvested restricted stock awards">284</span> thousand respectively, which is expected to be recognized over a weighted-average period of <span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zxHzkl6sppQg" title="Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term">1.39</span> years as of December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For RSUs with stock price appreciation targets, we applied a lattice approach that incorporated a Monte Carlo simulation, which involved random iterations that took different future price paths over the RSU’s contractual life based on the appropriate probability distributions (which are based on commonly applied Black Scholes inputs). The fair value of each grant was determined by taking the average of the grant date fair values under each Monte Carlo simulation trial. We recognize compensation expense on a straight-line basis over the derived service period and there is no ongoing adjustment or reversal based on actual achievement during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the unvested performance restricted stock units as of December 31, 2023 and 2022:</p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_pn3n3_zTyUonD698J8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BD_z21l7DEp15L8" style="display: none">Schedule of unvested restricted stock units</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><b>Unvested Performance Restricted Stock Units</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Weighted -</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Average</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Number of</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Grant</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Unit Shares</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Date Fair Value</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Unvested at December 31, 2021</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z71bn03Dxhn4" style="text-align: right" title="Balance at beginning"><span style="-sec-ix-hidden: xdx2ixbrl1829">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z66AP2JY1Wfa" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning"><span style="-sec-ix-hidden: xdx2ixbrl1831">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%">Granted</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zCsTpBEMEOI1" style="width: 15%; text-align: right" title="Granted">432,326</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zKfcpf2IlfG4" style="width: 15%; text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">2.95</td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_98C_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zmMiywm6FsHi" style="text-align: right" title="Vested"><span style="-sec-ix-hidden: xdx2ixbrl1837">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zKUzLwRlUMNh" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested"><span style="-sec-ix-hidden: xdx2ixbrl1839">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2022</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zAAHtbzRUNTb" style="text-align: right" title="Balance at beginning">432,326</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_98E_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z7uvYhEDcDZi" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">2.95</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zHBl8FlpAq29" style="text-align: right" title="Granted">1,156,591</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zS7Jkjs5X9r7" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">1.16</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_989_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zY8HYl2IJTIg" style="text-align: right" title="Vested"><span style="-sec-ix-hidden: xdx2ixbrl1849">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zmOwzSSGGega" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested"><span style="-sec-ix-hidden: xdx2ixbrl1851">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Forfeited/Cancelled</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zAKcKMkNDi36" style="text-align: right" title="Forfeited/Cancelled">(150,157</td> <td style="white-space: nowrap">)</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zMckHoE721Gc" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Forfeited/Cancelled">2.95</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_986_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z3dBqj21O6Hj" style="border-bottom: black 2.25pt double; text-align: right" title="Balance at ending">1,438,760</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98B_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zEGNdwUXm8X3" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at ending">1.51</td> <td style="white-space: nowrap"> </td></tr> </table> <p id="xdx_8AE_zGKq1VHQPz5d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, and December 31, 2022 total unrecognized share-based compensation cost related to unvested restricted stock units was $<span id="xdx_904_ecustom--UnrecognizedCompensationCost_c20231231__us-gaap--AwardTypeAxis__custom--NonvestedStockOptionsMember_pn3n3" title="Unvested restricted stock awards">1,778</span> thousand and $<span id="xdx_905_ecustom--UnrecognizedCompensationCost_c20221231__us-gaap--AwardTypeAxis__custom--NonvestedStockOptionsMember_pn3n3" title="Unvested restricted stock awards">947</span> thousand, respectively, which is expected to be recognized over a weighted-average period of <span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__custom--NonvestedStockOptionsMember_zd3SWV3Bybe3" title="Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term">1.75</span> years as of December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration: underline">Warrants</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the activities for the Company’s warrants for the year ended December 31, 2023 and 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_pn3n3_zS8VQRezVPX9" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B3_zTho6Ri5T2t5" style="display: none">Schedule of warrants outstanding</span></td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td colspan="14" style="border-bottom: black 1pt solid; text-align: center"><b>Warrants Outstanding (Excluding Pre-Funded Warrants)</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Number of<br/> Warrant Shares</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Exercise</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Price</b></p></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Weighted -</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Contractual</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Term</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>in years)</b></p></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Aggregate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Intrinsic</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Value</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(in thousands)<sup>(1)</sup></b></p></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Balance at December 31, 2021</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pid_c20220101__20221231_z0seMQ8jUe97" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning balance">3,779,243</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20220101__20221231_znwvjC2dZVN3" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning balance">5.89</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20220101__20221231_zwtVA5vdS909" style="text-align: right" title="Number of warrants outstanding, granted">1,590,150</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231_zb56pevyIKh8" style="text-align: right" title="Weighted average exercise price, granted">3.22</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expired</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_iN_pid_di_c20220101__20221231_zd0rkqVFtoP5" style="text-align: right" title="Number of warrants outstanding, expired">(265,938</td> <td style="white-space: nowrap">) </td> <td> </td> <td> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231_zjsGg4OgGqF5" style="text-align: right" title="Weighted average exercise price, expired">19.21</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2022</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pid_c20230101__20231231_zUiAufOpgZBe" style="text-align: right" title="Number of warrants outstanding, beginning balance">5,103,455</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20230101__20231231_zijX79U2dICl" style="text-align: right" title="Weighted average exercise price, beginning balance">4.34</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20230101__20231231_zqLhfHmkno29" style="text-align: right" title="Number of warrants outstanding, granted"><span style="-sec-ix-hidden: xdx2ixbrl1890">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231_zoB7fXiPCgQe" style="text-align: right" title="Weighted average exercise price, granted"><span style="-sec-ix-hidden: xdx2ixbrl1892">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_iN_pid_di_c20230101__20231231_zHcj6LPCJAB9" style="border-bottom: black 1pt solid; text-align: right" title="Number of warrants outstanding, expired">(474,869</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231_zT6ATOKe5hm7" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, expired">6.34</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_pid_c20230101__20231231_z3RETSpmko84" style="border-bottom: black 2.25pt double; text-align: right" title="Number of warrants outstanding, ending Balance">4,628,586</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20230101__20231231_zXgSjv9EkFI5" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending balance">4.13</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20230101__20231231_zeR3vOoXGWRg" title="Weighted average remaining contractual terms">2.3</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercisable at December 31, 2023</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber_iI_pid_c20231231_zayePBfZeFzi" style="border-bottom: black 2.25pt double; text-align: right" title="Number of warrants outstanding, exercisable">4,628,586</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20231231_zPao23fCpQp" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable">4.13</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingExercisableWeightedAverageRemainingContractualTerms_dtY_c20230101__20231231_zFojnXqNYbM3" title="Weighted average remaining contractual terms, exercisable">2.3</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_986_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20231231__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_fKDEp_zFEpVyvV4RFl" style="border-bottom: black 2.25pt double; text-align: right" title="Exercise price"><span style="-sec-ix-hidden: xdx2ixbrl1910">-</span></td> <td style="white-space: nowrap"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 20pt"></td><td id="xdx_F03_zKpwvXmqbXVk" style="width: 34pt">(1)</td><td id="xdx_F1A_z3pAUbFHgaYd" style="text-align: justify">The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $1.12 for our common stock on December 31, 2023.</td></tr></table> <p id="xdx_8AD_zQk9dSTOhECf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, and 2022, the Company granted 0 warrants and 34,942 warrants to warrant holders pursuant to anti-dilution provisions, 0 warrants and 1,555,208 warrants in conjunction with the Securities Purchase Agreement, respectively (see Note 9 – Stockholders’ Equity). As the fair value of the warrants granted would have had a net zero impact to equity (increasing additional paid in capital and offering costs for the same amount), the Company did not break out or complete a separate valuation of the warrants granted in association with either capital raise. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span style="text-decoration: underline">Pre-funded Warrants </span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 14, 2022, in connection with our Securities Purchase Agreement, the Company issued 675,000 pre-funded warrants to purchase up to an aggregate of 675,000 shares of common stock at a purchase price of $3.214 per pre-funded warrant, which represented the per share public offering price for the common stock less the $0.001 per share exercise price for each pre-funded warrant. In August 2022, <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20200101__20201231__srt--TitleOfIndividualAxis__custom--DirectorAndOfficerMember__us-gaap--ClassOfWarrantOrRightAxis__custom--Debentures2022Member_pdd" title="Stock Issued During Period, Shares, Issued for Services">675,000</span> pre-funded warrants with an exercise price of $<span id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20220414__srt--TitleOfIndividualAxis__custom--DirectorAndOfficerMember__us-gaap--ClassOfWarrantOrRightAxis__custom--Debentures2022Member_pdd" title="Per share public offering price(in dollars per share)">0.001</span> per share were exercised, and 675,000 shares of the Company’s common stock were issued. No pre-funded warrants are outstanding as of December 31, 2023 or December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="AsOf2013-12-31_custom_StockOptionsRestrictedStockandUnitsandOtherStockbasedAwardsMember_custom_OmnibusEquityCompensationPlan2013Member" decimals="INF" id="Fact001667" unitRef="Shares"> 400000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2017-11-132017-11-14_srt_BoardOfDirectorsChairmanMember_custom_EquityIncentivePlan2017Member" decimals="INF" id="Fact001669" unitRef="Shares"> 260000 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2020-08-092020-08-10_srt_BoardOfDirectorsChairmanMember_custom_EquityIncentivePlan2017Member" decimals="INF" id="Fact001671" unitRef="Shares"> 1069110 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2022-03-022022-03-28_srt_BoardOfDirectorsChairmanMember_custom_EquityIncentivePlan2020Member" decimals="INF" id="Fact001673" unitRef="Shares"> 2069100 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2022-06-012022-06-09_srt_BoardOfDirectorsChairmanMember_custom_EquityIncentivePlan2020Member" decimals="INF" id="Fact001675" unitRef="Shares"> 3069110 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription contextRef="From2023-01-012023-12-31_custom_IncentiveStockOptionsMember" id="Fact001677"> In connection with incentive stock options, the exercise price of each option may not be less than 100% of the fair market value of the common stock on the date of the grant (or 110% of the fair market value in the case of a grantee holding more than 10% of the outstanding stock of the Company). The aggregate fair market value (determined at the time of the grant) of stock with respect to which incentive stock options are exercisable for the first time by any individual during any calendar year (under all plans of the Company and its affiliates) shall not exceed $100 thousand, and the options in excess of $100 thousand shall be deemed to be non-qualified stock options, including prices, duration, transferability and limitations on exercise. The maximum number of shares of common stock that may be issued under the 2020 Plan pursuant to incentive stock options may not exceed, in the aggregate, 1,000,000. </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2023-01-012023-12-31_custom_IssuedUnderThe2020PlanMember" decimals="INF" id="Fact001679" unitRef="Shares"> 1000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001686">
<table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_pn3n3_zdnNHigCsVZe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zZYndr42HOfd" style="display: none">Schedule of stock options</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td colspan="13" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Options Outstanding</b></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Remaining</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Aggregate</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted-</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Contractual</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Intrinsic</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Term</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Value</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Exercise Price</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>(in years)</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>(in thousands)<sup>(1)</sup></b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 39%; text-align: left">Balance as of December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zpbTc5c3fePc" style="width: 12%; text-align: right" title="Balance at beginning">465,471</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zQZinIDo0ATf" style="width: 12%; text-align: right" title="Weighted Average Exercise Price, Balance at beginning">4.38</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zx26T6qfFQz1" style="text-align: right" title="Granted"><span style="-sec-ix-hidden: xdx2ixbrl1692">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7qBELuKTRoj" style="text-align: right" title="Weighted Average Exercise Price, Granted"><span style="-sec-ix-hidden: xdx2ixbrl1694">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled/Expired</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z9PDv23ItAf9" style="text-align: right" title="Forfeited/Cancelled/Expired">(128,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zHsVTAvgFTXa" style="text-align: right" title="Weighted Average Exercise Price, Forfeited/Cancelled/Expired">3.74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUvJOmR0ZeP" style="text-align: right" title="Balance at beginning">337,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zTdLn4I7XOc4" style="text-align: right" title="Weighted Average Exercise Price, Balance at beginning">4.63</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 27pt; padding-bottom: 2.5pt; text-align: left">Exercisable as of December 31, 2022</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zeQzfTXiOSFe" style="border-bottom: Black 2.5pt double; text-align: right" title="Vested and Exercisable at ending">337,471</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zY0zOJXdRZEc" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.63</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zmVcOSMQbrU6" title="Weighted Average Remaining Contractual Term, Exercisable at ending">2.4</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pn3n3_c20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_fKDEp_zd1zEImQv9Ib" style="border-bottom: Black 2.5pt double; text-align: right" title="Aggregate Intrinsic Value"><span style="-sec-ix-hidden: xdx2ixbrl1710">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zZONVf0HXYw6" style="text-align: right" title="Granted"><span style="-sec-ix-hidden: xdx2ixbrl1712">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zT1vnk7VqQOe" style="text-align: right" title="Weighted Average Exercise Price, Granted"><span style="-sec-ix-hidden: xdx2ixbrl1714">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled/Expired</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z24CneKi8Bg2" style="text-align: right" title="Forfeited/Cancelled/Expired">(36,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7uHbzBUvt42" style="text-align: right" title="Weighted Average Exercise Price, Forfeited/Cancelled/Expired">5.17</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of December 31, 2023</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zuZfFL2lfcQg" style="text-align: right" title="Vested and Exercisable at ending">301,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zKxajI2r2YF4" style="text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.56</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 27pt; padding-bottom: 2.5pt; text-align: left">Exercisable as of December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zb8K4FyoEqA4" style="border-bottom: Black 2.5pt double; text-align: right" title="Vested and Exercisable at ending">301,471</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCurDvbjEuv9" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Exercisable at ending">4.56</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zheD146q0n1h" title="Weighted Average Remaining Contractual Term, Exercisable at ending">1.2</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pn3n3_c20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_fKDEp_z7OTRWCCMI18" style="border-bottom: Black 2.5pt double; text-align: right" title="Aggregate Intrinsic Value"><span style="-sec-ix-hidden: xdx2ixbrl1730">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td id="xdx_F05_zzfwALV2APn5" style="width: 27pt">(1)</td><td id="xdx_F1C_zVVEs4baKrik" style="text-align: justify">The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for options that were in-the-money at each respective period. </td></tr></table>
</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2021-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001688" unitRef="Shares"> 465471 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2021-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001690" unitRef="USDPShares"> 4.38 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod contextRef="From2022-01-012022-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001696" unitRef="Shares"> 128000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice contextRef="From2022-01-012022-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001698" unitRef="USDPShares"> 3.74 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2022-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001700" unitRef="Shares"> 337471 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2022-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001702" unitRef="USDPShares"> 4.63 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="AsOf2021-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001704" unitRef="Shares"> 337471 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice contextRef="AsOf2021-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001706" unitRef="USDPShares"> 4.63 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2022-01-012022-12-31_us-gaap_EmployeeStockOptionMember" id="Fact001708"> P2Y4M24D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod contextRef="From2023-01-012023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001716" unitRef="Shares"> 36000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice contextRef="From2023-01-012023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001718" unitRef="USDPShares"> 5.17 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="AsOf2023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001720" unitRef="Shares"> 301471 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice contextRef="AsOf2023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001722" unitRef="USDPShares"> 4.56 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="AsOf2023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001724" unitRef="Shares"> 301471 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice contextRef="AsOf2023-12-31_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact001726" unitRef="USDPShares"> 4.56 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2023-01-012023-12-31_us-gaap_EmployeeStockOptionMember" id="Fact001728"> P1Y2M12D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:StockOptionPlanExpense contextRef="From2023-01-012023-12-31_custom_Plan2019Member" decimals="-3" id="Fact001738" unitRef="USD"> 0 </us-gaap:StockOptionPlanExpense>
<us-gaap:StockOptionPlanExpense contextRef="From2022-01-012022-12-31_custom_Plan2019Member" decimals="-3" id="Fact001740" unitRef="USD"> 0 </us-gaap:StockOptionPlanExpense>
<vrme:UnrecognizedCompensationCostOutstanding contextRef="AsOf2023-12-31_custom_Plan2019Member" decimals="-3" id="Fact001742" unitRef="USD"> 0 </vrme:UnrecognizedCompensationCostOutstanding>
<vrme:UnrecognizedCompensationCostOutstanding contextRef="AsOf2022-12-31_custom_Plan2019Member" decimals="-3" id="Fact001744" unitRef="USD"> 0 </vrme:UnrecognizedCompensationCostOutstanding>
<us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001746">
<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock_pn3n3_zkJ28kNI6oKd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> <span id="xdx_8B5_zFXPEc9ffhig" style="display: none">Schedule of unvested options</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Grant</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Award Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Date Fair Value</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%; text-align: left">Unvested at December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmVy59Q8o82f" style="width: 15%; text-align: right" title="Number of award shares at beginning">44,642</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zE4vK8lbqjz3" style="width: 15%; text-align: right" title="Weighted average grant date fair value at beginning">4.31</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zfjPVCeVuw12" style="text-align: right" title="Number of award shares Granted">39,308</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zBDKvxZKWbwf" style="text-align: right" title="Weighted average grant date fair value Granted">3.18</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left">Vested</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zFCumX6IwGoe" style="border-bottom: Black 1pt solid; text-align: right" title="Number of award shares Vested">(42,142</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zEpxX9LMoxsj" style="text-align: right" title="Weighted average grant date fair value Vested">4.32</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance at December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zYlpwgraoWdf" style="text-align: right" title="Number of award shares at beginning">41,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zzlbfZNR7d5d" style="text-align: right" title="Weighted average grant date fair value at beginning">3.24</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmVGSkMHjS5d" style="text-align: right" title="Number of award shares Granted">506,194</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zIW7ITransOc" style="text-align: right" title="Weighted average grant date fair value Granted">1.45</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zHDNPj5JXy08" style="text-align: right" title="Number of award shares Vested">(131,333</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zyeu0rZ3Elu7" style="text-align: right" title="Weighted average grant date fair value Vested">2.06</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Balance at December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zNyjmCF1DuI8" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of award shares at ending">416,669</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zh0kZybdesfd" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value at ending">1.44</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares contextRef="AsOf2021-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001748" unitRef="Shares"> 44642 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="AsOf2021-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001750" unitRef="USDPShares"> 4.31 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001752" unitRef="Shares"> 39308 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001754" unitRef="USDPShares"> 3.18 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001756" unitRef="Shares"> 42142 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001758" unitRef="USDPShares"> 4.32 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares contextRef="AsOf2022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001760" unitRef="Shares"> 41808 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="AsOf2022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001762" unitRef="USDPShares"> 3.24 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001764" unitRef="Shares"> 506194 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001766" unitRef="USDPShares"> 1.45 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001768" unitRef="Shares"> 131333 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001770" unitRef="USDPShares"> 2.06 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares contextRef="AsOf2023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001772" unitRef="Shares"> 416669 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="AsOf2023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001774" unitRef="USDPShares"> 1.44 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2023-12-31_us-gaap_RestrictedStockMember" decimals="-3" id="Fact001776" unitRef="USD"> 260000 </vrme:UnrecognizedCompensationCost>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2022-12-31_us-gaap_RestrictedStockMember" decimals="-3" id="Fact001778" unitRef="USD"> 2000 </vrme:UnrecognizedCompensationCost>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2023-01-012023-12-31_us-gaap_RestrictedStockMember" id="Fact001780"> P0Y5M8D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001787">
<table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock_pn3n3_zzi0h0qUaJWl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"><span id="xdx_8BF_z62wmOis88T7" style="display: none">Schedule of unvested restricted stock awards</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td colspan="5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Unvested Restricted Stock Units</b></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Weighted -</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Average</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Number of</b></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: center"><b>Grant</b></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Unit Shares</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>Date Fair Value</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%; text-align: left">Unvested at December 31, 2021</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zZzzAw4t3vIe" style="width: 15%; text-align: right" title="Balance at beginning">187,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zSOjOmPzvfng" style="width: 15%; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">4.11</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z17uqZgv93lf" style="text-align: right" title="Granted">418,041</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zxLdBDQIhotf" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">2.14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_iN_pid_di_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z6RGETWE6gFj" style="text-align: right" title="Vested">(191,425</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z0e41Kc48fpk" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested">4.07</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unvested at December 31, 2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zQU3QCbF3tD4" style="text-align: right" title="Balance at beginning">413,626</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zYDu3UYBP3q7" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">2.14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Granted</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zvCYXMIuNSee" style="text-align: right" title="Granted">272,941</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zoCBlE8nOuL5" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">1.35</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zoOAiYVscs8b" style="text-align: right" title="Vested">(294,261</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zIW8U8Sl7mij" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested">2.51</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited/Cancelled</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zmNY2SlbpYub" style="text-align: right" title="Forfeited/Cancelled">(21,053</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zsHa2vQxS5U2" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Forfeited/Cancelled">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Balance at December 31, 2023</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_z0bbsmVwZmH5" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance at ending">371,253</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsMember_zGDAfJFXXb0k" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at ending">1.32</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock contextRef="AsOf2021-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001789" unitRef="Shares"> 187010 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue contextRef="AsOf2021-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001791" unitRef="USDPShares"> 4.11 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001793" unitRef="Shares"> 418041 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001795" unitRef="USDPShares"> 2.14 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001797" unitRef="Shares"> 191425 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1 contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001799" unitRef="USDPShares"> 4.07 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock contextRef="AsOf2022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001801" unitRef="Shares"> 413626 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue contextRef="AsOf2022-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001803" unitRef="USDPShares"> 2.14 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001805" unitRef="Shares"> 272941 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001807" unitRef="USDPShares"> 1.35 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001809" unitRef="Shares"> 294261 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1 contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001811" unitRef="USDPShares"> 2.51 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001813" unitRef="Shares"> 21053 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001815" unitRef="USDPShares"> 1.20 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock contextRef="AsOf2023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001817" unitRef="Shares"> 371253 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue contextRef="AsOf2023-12-31_custom_RestrictedStockUnitsMember" decimals="INF" id="Fact001819" unitRef="USDPShares"> 1.32 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2023-12-31_custom_RestrictedStockUnitsMember" decimals="-3" id="Fact001821" unitRef="USD"> 301000 </vrme:UnrecognizedCompensationCost>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2022-12-31_custom_RestrictedStockUnitsMember" decimals="-3" id="Fact001823" unitRef="USD"> 284000 </vrme:UnrecognizedCompensationCost>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsMember" id="Fact001825"> P1Y4M20D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001827">
<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_pn3n3_zTyUonD698J8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BD_z21l7DEp15L8" style="display: none">Schedule of unvested restricted stock units</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><b>Unvested Performance Restricted Stock Units</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Weighted -</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Average</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Number of</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center"><b>Grant</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Unit Shares</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Date Fair Value</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Unvested at December 31, 2021</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_987_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z71bn03Dxhn4" style="text-align: right" title="Balance at beginning"><span style="-sec-ix-hidden: xdx2ixbrl1829">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z66AP2JY1Wfa" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning"><span style="-sec-ix-hidden: xdx2ixbrl1831">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 63%">Granted</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zCsTpBEMEOI1" style="width: 15%; text-align: right" title="Granted">432,326</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zKfcpf2IlfG4" style="width: 15%; text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">2.95</td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_98C_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zmMiywm6FsHi" style="text-align: right" title="Vested"><span style="-sec-ix-hidden: xdx2ixbrl1837">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zKUzLwRlUMNh" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested"><span style="-sec-ix-hidden: xdx2ixbrl1839">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2022</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zAAHtbzRUNTb" style="text-align: right" title="Balance at beginning">432,326</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_98E_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iS_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z7uvYhEDcDZi" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at beginning">2.95</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zHBl8FlpAq29" style="text-align: right" title="Granted">1,156,591</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zS7Jkjs5X9r7" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Granted">1.16</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_989_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockVestedNumberOfShares_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zY8HYl2IJTIg" style="text-align: right" title="Vested"><span style="-sec-ix-hidden: xdx2ixbrl1849">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockVestedInPeriodWeightedAverageGrantDateFairValue1_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zmOwzSSGGega" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Vested"><span style="-sec-ix-hidden: xdx2ixbrl1851">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Forfeited/Cancelled</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zAKcKMkNDi36" style="text-align: right" title="Forfeited/Cancelled">(150,157</td> <td style="white-space: nowrap">)</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zMckHoE721Gc" style="text-align: right" title="Weighted - Average Grant Date Fair Value, Forfeited/Cancelled">2.95</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_986_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_z3dBqj21O6Hj" style="border-bottom: black 2.25pt double; text-align: right" title="Balance at ending">1,438,760</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98B_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue_iE_pid_c20230101__20231231__us-gaap--AwardTypeAxis__custom--UnvestedPerformanceRestrictedStockUnitsMember_zEGNdwUXm8X3" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted - Average Grant Date Fair Value, Balance at ending">1.51</td> <td style="white-space: nowrap"> </td></tr> </table>
</us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross contextRef="From2022-01-012022-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001833" unitRef="Shares"> 432326 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2022-01-012022-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001835" unitRef="USDPShares"> 2.95 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock contextRef="AsOf2022-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001841" unitRef="Shares"> 432326 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue contextRef="AsOf2022-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001843" unitRef="USDPShares"> 2.95 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross contextRef="From2023-01-012023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember114666265" decimals="INF" id="Fact001845" unitRef="Shares"> 1156591 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodGross>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember114666265" decimals="INF" id="Fact001847" unitRef="USDPShares"> 1.16 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod contextRef="From2023-01-012023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember114666265" decimals="INF" id="Fact001853" unitRef="Shares"> 150157 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue contextRef="From2023-01-012023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember114666265" decimals="INF" id="Fact001855" unitRef="USDPShares"> 2.95 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock contextRef="AsOf2023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001857" unitRef="Shares"> 1438760 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStock>
<vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue contextRef="AsOf2023-12-31_custom_UnvestedPerformanceRestrictedStockUnitsMember" decimals="INF" id="Fact001859" unitRef="USDPShares"> 1.51 </vrme:SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockWeightedAverageGrantDateFairValue>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2023-12-31_custom_NonvestedStockOptionsMember" decimals="-3" id="Fact001861" unitRef="USD"> 1778000 </vrme:UnrecognizedCompensationCost>
<vrme:UnrecognizedCompensationCost contextRef="AsOf2022-12-31_custom_NonvestedStockOptionsMember" decimals="-3" id="Fact001863" unitRef="USD"> 947000 </vrme:UnrecognizedCompensationCost>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2023-01-012023-12-31_custom_NonvestedStockOptionsMember" id="Fact001865"> P1Y9M </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001872">
<table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_pn3n3_zS8VQRezVPX9" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B3_zTho6Ri5T2t5" style="display: none">Schedule of warrants outstanding</span></td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td colspan="14" style="border-bottom: black 1pt solid; text-align: center"><b>Warrants Outstanding (Excluding Pre-Funded Warrants)</b></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><b>Number of<br/> Warrant Shares</b></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Exercise</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Price</b></p></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Weighted -</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Contractual</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Term</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>in years)</b></p></td> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Aggregate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Intrinsic</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Value</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(in thousands)<sup>(1)</sup></b></p></td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Balance at December 31, 2021</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pid_c20220101__20221231_z0seMQ8jUe97" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning balance">3,779,243</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20220101__20221231_znwvjC2dZVN3" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning balance">5.89</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"> </td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20220101__20221231_zwtVA5vdS909" style="text-align: right" title="Number of warrants outstanding, granted">1,590,150</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231_zb56pevyIKh8" style="text-align: right" title="Weighted average exercise price, granted">3.22</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expired</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_iN_pid_di_c20220101__20221231_zd0rkqVFtoP5" style="text-align: right" title="Number of warrants outstanding, expired">(265,938</td> <td style="white-space: nowrap">) </td> <td> </td> <td> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice_pid_c20220101__20221231_zjsGg4OgGqF5" style="text-align: right" title="Weighted average exercise price, expired">19.21</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2022</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pid_c20230101__20231231_zUiAufOpgZBe" style="text-align: right" title="Number of warrants outstanding, beginning balance">5,103,455</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20230101__20231231_zijX79U2dICl" style="text-align: right" title="Weighted average exercise price, beginning balance">4.34</td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Granted</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20230101__20231231_zqLhfHmkno29" style="text-align: right" title="Number of warrants outstanding, granted"><span style="-sec-ix-hidden: xdx2ixbrl1890">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231_zoB7fXiPCgQe" style="text-align: right" title="Weighted average exercise price, granted"><span style="-sec-ix-hidden: xdx2ixbrl1892">-</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_iN_pid_di_c20230101__20231231_zHcj6LPCJAB9" style="border-bottom: black 1pt solid; text-align: right" title="Number of warrants outstanding, expired">(474,869</td> <td style="white-space: nowrap">)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice_pid_c20230101__20231231_zT6ATOKe5hm7" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, expired">6.34</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2023</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_pid_c20230101__20231231_z3RETSpmko84" style="border-bottom: black 2.25pt double; text-align: right" title="Number of warrants outstanding, ending Balance">4,628,586</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20230101__20231231_zXgSjv9EkFI5" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending balance">4.13</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20230101__20231231_zeR3vOoXGWRg" title="Weighted average remaining contractual terms">2.3</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercisable at December 31, 2023</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber_iI_pid_c20231231_zayePBfZeFzi" style="border-bottom: black 2.25pt double; text-align: right" title="Number of warrants outstanding, exercisable">4,628,586</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20231231_zPao23fCpQp" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable">4.13</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingExercisableWeightedAverageRemainingContractualTerms_dtY_c20230101__20231231_zFojnXqNYbM3" title="Weighted average remaining contractual terms, exercisable">2.3</span></td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_986_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20231231__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_fKDEp_zFEpVyvV4RFl" style="border-bottom: black 2.25pt double; text-align: right" title="Exercise price"><span style="-sec-ix-hidden: xdx2ixbrl1910">-</span></td> <td style="white-space: nowrap"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 20pt"></td><td id="xdx_F03_zKpwvXmqbXVk" style="width: 34pt">(1)</td><td id="xdx_F1A_z3pAUbFHgaYd" style="text-align: justify">The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $1.12 for our common stock on December 31, 2023.</td></tr></table>
</us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber contextRef="AsOf2021-12-31" decimals="INF" id="Fact001874" unitRef="Shares"> 3779243 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2021-12-31" decimals="INF" id="Fact001876" unitRef="USDPShares"> 5.89 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001878" unitRef="Shares"> 1590150 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001880" unitRef="USDPShares"> 3.22 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001882" unitRef="Shares"> 265938 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001884" unitRef="USDPShares"> 19.21 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber contextRef="AsOf2022-12-31" decimals="INF" id="Fact001886" unitRef="Shares"> 5103455 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2022-12-31" decimals="INF" id="Fact001888" unitRef="USDPShares"> 4.34 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001894" unitRef="Shares"> 474869 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001896" unitRef="USDPShares"> 6.34 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber contextRef="AsOf2023-12-31" decimals="INF" id="Fact001898" unitRef="Shares"> 4628586 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2023-12-31" decimals="INF" id="Fact001900" unitRef="USDPShares"> 4.13 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms contextRef="From2023-01-01to2023-12-31" id="Fact001902"> P2Y3M18D </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber contextRef="AsOf2023-12-31" decimals="INF" id="Fact001904" unitRef="Shares"> 4628586 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice contextRef="AsOf2023-12-31" decimals="INF" id="Fact001906" unitRef="USDPShares"> 4.13 </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice>
<vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingExercisableWeightedAverageRemainingContractualTerms contextRef="From2023-01-01to2023-12-31" id="Fact001908"> P2Y3M18D </vrme:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingExercisableWeightedAverageRemainingContractualTerms>
<us-gaap:StockIssuedDuringPeriodSharesIssuedForServices contextRef="From2020-01-012020-12-31_custom_DirectorAndOfficerMember_custom_Debentures2022Member" decimals="INF" id="Fact001913" unitRef="Shares"> 675000 </us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
<us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 contextRef="AsOf2022-04-14_custom_DirectorAndOfficerMember_custom_Debentures2022Member" decimals="INF" id="Fact001915" unitRef="USDPShares"> 0.001 </us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1>
<us-gaap:EarningsPerShareTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001922">
<p id="xdx_804_eus-gaap--EarningsPerShareTextBlock_z2jaEUsLBb79" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 11—<span id="xdx_820_z8c3twoKHIHe">LOSS PER SHARE</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basic loss per share (EPS) is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The dilutive common stock equivalent shares consist of preferred stock, stock options, warrants, restricted stock awards and restricted stock units computed under the treasury stock method, using the average market price during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the computation of basic loss per share (in thousands, except share and per share data):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_zNuuVD8wdGMf" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS PER SHARE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B1_zuXQRUVxuzzh" style="display: none">Schedule of basic and diluted earnings/(loss) per share</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20230101__20231231_zJwDof7Dwf4" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20220101__20221231_z2bU5kxMQM2b" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years Ended December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_ecustom--NumeratorAbstract_iB" style="vertical-align: bottom"> <td style="white-space: nowrap">Numerator:</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_405_eus-gaap--ProfitLoss_i01_pn3n3_z5lOpvJ0Jch6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 3pt; padding-bottom: 2.5pt; width: 64%">Net loss:</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 15%; text-align: right">(3,390</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 15%; text-align: right">(14,398</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_403_ecustom--DenominatorAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i01_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average shares of common stock – basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,766,469</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,466,075</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--EarningsPerShareBasicAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Loss per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareBasic_i01_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 3pt; padding-bottom: 2.5pt">Basic</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.35</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.70</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--EarningsPerShareDiluted_i01_pdd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 3pt; padding-bottom: 2.5pt">Diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.35</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.70</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p id="xdx_8AD_zbO18vtURK8j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table represents the weighted average number of anti-dilutive instruments excluded from the computation of diluted loss per share:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_pn3n3_z8ofLCp0WRq1" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS PER SHARE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BB_z2KngeIHxmia" style="display: none">Schedule of anti-dilutiv e earnings per share</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years Ended <br/> December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Anti-dilutive instruments excluded from computation of diluted net loss per share:</td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Preferred Stock</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--PreferredStockMember_pdd" style="width: 15%; text-align: right" title="Anti-dilutive shares">144,444</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--PreferredStockMember_pdd" style="width: 15%; text-align: right" title="Anti-dilutive shares">144,444</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock Options</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" style="text-align: right" title="Anti-dilutive shares">301,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" style="text-align: right" title="Anti-dilutive shares">337,471</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Anti-dilutive shares">4,628,586</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Anti-dilutive shares">5,103,455</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> Stock purchase plan</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockPurchasePlanMember_pdd" style="text-align: right" title="Anti-dilutive shares">28,065</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockPurchasePlanMember_pdd" style="text-align: right" title="Anti-dilutive shares">57,245</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> Convertible note</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvertibleNoteMember_pdd" style="text-align: right" title="Anti-dilutive shares">956,527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvertibleNoteMember_pdd" style="text-align: right" title="Anti-dilutive shares"><span style="-sec-ix-hidden: xdx2ixbrl1971">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Restricted Stock Units and Restricted Stock Awards</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedStockUnitsAndRestrictedStockAwardsMember_pdd" style="text-align: right" title="Anti-dilutive shares">2,226,682</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedStockUnitsAndRestrictedStockAwardsMember_pdd" style="text-align: right" title="Anti-dilutive shares">887,760</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p> <p id="xdx_8AA_zhKYLQLWYT6j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:EarningsPerShareTextBlock>
<us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001924">
<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_zNuuVD8wdGMf" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS PER SHARE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B1_zuXQRUVxuzzh" style="display: none">Schedule of basic and diluted earnings/(loss) per share</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20230101__20231231_zJwDof7Dwf4" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20220101__20221231_z2bU5kxMQM2b" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years Ended December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_ecustom--NumeratorAbstract_iB" style="vertical-align: bottom"> <td style="white-space: nowrap">Numerator:</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr id="xdx_405_eus-gaap--ProfitLoss_i01_pn3n3_z5lOpvJ0Jch6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 3pt; padding-bottom: 2.5pt; width: 64%">Net loss:</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 15%; text-align: right">(3,390</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 15%; text-align: right">(14,398</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_403_ecustom--DenominatorAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i01_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average shares of common stock – basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,766,469</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,466,075</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--EarningsPerShareBasicAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Loss per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareBasic_i01_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 3pt; padding-bottom: 2.5pt">Basic</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.35</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.70</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--EarningsPerShareDiluted_i01_pdd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 3pt; padding-bottom: 2.5pt">Diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.35</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.70</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>
</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
<us-gaap:ProfitLoss contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001929" unitRef="USD"> -3390000 </us-gaap:ProfitLoss>
<us-gaap:ProfitLoss contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001930" unitRef="USD"> -14398000 </us-gaap:ProfitLoss>
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001935" unitRef="Shares"> 9766469 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001936" unitRef="Shares"> 8466075 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
<us-gaap:EarningsPerShareBasic contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001941" unitRef="USDPShares"> -0.35 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001942" unitRef="USDPShares"> -1.70 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareDiluted contextRef="From2023-01-01to2023-12-31" decimals="INF" id="Fact001944" unitRef="USDPShares"> -0.35 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted contextRef="From2022-01-012022-12-31" decimals="INF" id="Fact001945" unitRef="USDPShares"> -1.70 </us-gaap:EarningsPerShareDiluted>
<us-gaap:ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001951">
<table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_pn3n3_z8ofLCp0WRq1" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS PER SHARE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8BB_z2KngeIHxmia" style="display: none">Schedule of anti-dilutiv e earnings per share</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years Ended <br/> December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Anti-dilutive instruments excluded from computation of diluted net loss per share:</td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Preferred Stock</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--PreferredStockMember_pdd" style="width: 15%; text-align: right" title="Anti-dilutive shares">144,444</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--PreferredStockMember_pdd" style="width: 15%; text-align: right" title="Anti-dilutive shares">144,444</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock Options</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" style="text-align: right" title="Anti-dilutive shares">301,471</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" style="text-align: right" title="Anti-dilutive shares">337,471</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Anti-dilutive shares">4,628,586</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Anti-dilutive shares">5,103,455</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> Stock purchase plan</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockPurchasePlanMember_pdd" style="text-align: right" title="Anti-dilutive shares">28,065</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockPurchasePlanMember_pdd" style="text-align: right" title="Anti-dilutive shares">57,245</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> Convertible note</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvertibleNoteMember_pdd" style="text-align: right" title="Anti-dilutive shares">956,527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--ConvertibleNoteMember_pdd" style="text-align: right" title="Anti-dilutive shares"><span style="-sec-ix-hidden: xdx2ixbrl1971">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Restricted Stock Units and Restricted Stock Awards</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedStockUnitsAndRestrictedStockAwardsMember_pdd" style="text-align: right" title="Anti-dilutive shares">2,226,682</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20220101__20221231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedStockUnitsAndRestrictedStockAwardsMember_pdd" style="text-align: right" title="Anti-dilutive shares">887,760</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>
</us-gaap:ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_us-gaap_PreferredStockMember" decimals="INF" id="Fact001953" unitRef="Shares"> 144444 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2022-01-012022-12-31_us-gaap_PreferredStockMember" decimals="INF" id="Fact001955" unitRef="Shares"> 144444 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_StockOptionsMember" decimals="INF" id="Fact001957" unitRef="Shares"> 301471 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2022-01-012022-12-31_custom_StockOptionsMember" decimals="INF" id="Fact001959" unitRef="Shares"> 337471 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_us-gaap_WarrantMember" decimals="INF" id="Fact001961" unitRef="Shares"> 4628586 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2022-01-012022-12-31_us-gaap_WarrantMember" decimals="INF" id="Fact001963" unitRef="Shares"> 5103455 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_StockPurchasePlanMember" decimals="INF" id="Fact001965" unitRef="Shares"> 28065 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2022-01-012022-12-31_custom_StockPurchasePlanMember" decimals="INF" id="Fact001967" unitRef="Shares"> 57245 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_ConvertibleNoteMember" decimals="INF" id="Fact001969" unitRef="Shares"> 956527 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2023-01-012023-12-31_custom_RestrictedStockUnitsAndRestrictedStockAwardsMember" decimals="INF" id="Fact001973" unitRef="Shares"> 2226682 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="From2022-01-012022-12-31_custom_RestrictedStockUnitsAndRestrictedStockAwardsMember" decimals="INF" id="Fact001975" unitRef="Shares"> 887760 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<vrme:LongTermDerivativeLiabilityTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001977">
<p id="xdx_808_ecustom--LongTermDerivativeLiabilityTextBlock_zbPKEyTd2zf7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 12—<span id="xdx_821_zQGeGGyWlV52">LONG TERM DERIVATIVE LIABILITY</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 7, 2022, the Company granted two directors 11,250 restricted stock units each (“SPAC RSUs”) with respect to the common stock, $<span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_c20220407__srt--TitleOfIndividualAxis__custom--G3VRMMember_pdd" title="Common stock, par value (in dollars per share)">0.0001</span> par value per share, of G3 VRM Acquisition Corp. The SPAC RSUs were to vest upon the initial business combination of the SPAC (see Note 2 – Equity Investments) subject to continuous service to the Company through the vesting date. Each vested SPAC RSU represented the right to receive the value of one share of stock in G3 VRM Acquisition Corp., which would have been paid to the director as soon as practicable after the fifteen-month anniversary of the vesting date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In June 2022, the Sponsor Entity decided not to fund the extension for the time that the SPAC had to complete its initial business combination. As a result, the SPAC was dissolved and liquidated in accordance with its charter and under ASC 815, and the derivative instrument was terminated. As a result, the SPAC RSUs were forfeited. For the year ended December 31, 2022, the Company has recorded the effect of termination to reduce the fair value and recorded a credit to share-based compensation expense of $71 thousand in relation to these awards. The fair value of the derivative liability was $<span id="xdx_904_eus-gaap--DerivativeFairValueOfDerivativeLiability_c20221231_pn3n3" title="Fair value of the derivative liability">0</span> as of December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</vrme:LongTermDerivativeLiabilityTextBlock>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2022-04-07_custom_G3VRMMember" decimals="INF" id="Fact001979" unitRef="USDPShares"> 0.0001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:DerivativeFairValueOfDerivativeLiability contextRef="AsOf2022-12-31" decimals="-3" id="Fact001981" unitRef="USD"> 0 </us-gaap:DerivativeFairValueOfDerivativeLiability>
<us-gaap:CompensationAndEmployeeBenefitPlansTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001983">
<p id="xdx_805_eus-gaap--CompensationAndEmployeeBenefitPlansTextBlock_zttZwh04Ik09" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 13 –<span id="xdx_82B_zsGLsxMmmRd9">EMPLOYEE BENEFIT PLAN</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We offer the VRME Retirement Savings Plan (the “Plan”) to our employees located in the United States of America. Eligible employees can elect to participate in the Plan, as soon as administratively feasible after enrollment. The Plan permits pre-tax contributions to the Plan by participants pursuant to Section 401(k) of the Internal Revenue Code (IRC). The Company makes the matching contributions at our discretion. In the years ended December 31, 2023, and December 31, 2022, the Company contributed a value of approximately $<span id="xdx_904_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20230101__20231231_pn3n3" title="Contributions">137</span> thousand and $<span id="xdx_905_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20220101__20221231_pn3n3" title="Contributions">103</span> thousand respectively and is recognized as compensation expense in the Consolidated Statements of Operations for matching contributions to the Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">New Zealand has a statutory retirement savings scheme, Kiwisaver, in which New Zealand employees may participate. The Company </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">makes the required by law contributions equal to three percent of each employee’s salary. During the year ended December 31, 2023, the Company contributed $<span id="xdx_904_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20230101__20231231__srt--StatementGeographicalAxis__country--NZ_pn3n3" title="Contributions">10</span> thousand. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:CompensationAndEmployeeBenefitPlansTextBlock>
<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact001985" unitRef="USD"> 137000 </us-gaap:DefinedBenefitPlanContributionsByEmployer>
<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact001987" unitRef="USD"> 103000 </us-gaap:DefinedBenefitPlanContributionsByEmployer>
<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="From2023-01-012023-12-31_country_NZ" decimals="-3" id="Fact001989" unitRef="USD"> 10000 </us-gaap:DefinedBenefitPlanContributionsByEmployer>
<us-gaap:OperatingLeasesOfLessorDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001991">
<p id="xdx_805_eus-gaap--OperatingLeasesOfLessorDisclosureTextBlock_zptLmfWa5aH9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 14 –<span id="xdx_821_zWhgwQtXSxu1">LEASES</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for its leases under Accounting Standard Codification (“ASC”) Topic 842, Leases. The Company determines at its inception whether an arrangement that provides us control over the use of an asset is a lease. We recognize at lease commencement a right-of-use (ROU) asset and lease liability based on the present value of the future lease payments over the lease term. We have elected not to recognize a ROU asset and lease liability for leases with terms of 12 months or less. Our current long-term leases include an option to extend the term of the lease prior to the end of the initial term. It is not reasonably certain that we will exercise the option and have not included the impact of the option in the lease term for purposes of determining total future lease payments. As our lease agreement does not explicitly state the discount rate implicit in the lease, we use our promissory note borrowing rate to calculate the present value of future payments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the base rent, real estate leases typically contain provisions for common-area maintenance and other similar services, which are considered non-lease components for accounting purposes. For our real estate leases, we apply a practical expedient to include these non-lease components in calculating the ROU asset and lease liability. For all other types of leases, non-lease components are excluded from our ROU assets and lease liabilities and expensed as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have operating leases for office facilities. We do not have any finance leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lease expense is included in General & Administrative Expenses on the accompanying Consolidated Statements of Operations. The components of lease expense were as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--LeaseCostTableTextBlock_pn3n3_z9vqCZ7AMxD5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span id="xdx_8BE_zkw4wSE7CQn6" style="display: none">Schedule of components of lease expense</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_495_20230101__20231231_zrQFyocG0LSd" style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_492_20220101__20221231_zSBTFR6NY4d6" style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years ended December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseCost_maLCzWPx_z1LDrbxhNtpc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Operating lease cost</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">182</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">85</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--ShortTermLeaseCost_maLCzWPx_z0ZzpLz3g6L3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">28</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LeaseCost_iT_pn3n3_mtLCzWPx_zouN1ZwQm6l1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease costs</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">210</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">103</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zfvB1zWkiWB7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Supplemental information related to leases was as follows (dollars in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock_pn3n3_zdcwJwbjIPhl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B1_z6xSfoelRMr5" style="display: none">Schedule of supplemental information related to leases</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20231231_zRl4HoAMsSUh" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20221231_zK0dEOYUHbD9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">December 31, 2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">December 31, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Operating Lease right-of-use asset</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">468</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">469</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current portion of operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">170</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current portion of operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">307</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">359</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--TotalOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">477</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">474</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Cash paid for amounts included in the measurement of operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">177</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">80</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Right-of-use assets obtained in exchange for operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2026">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">552</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted-average remaining lease term for operating leases (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20231231_ztsxb42s7duh" title="Weighted-average remaining lease term for operating leases (years)">3.0</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231_zBleWyqHFtXi" title="Weighted-average remaining lease term for operating leases (years)">4.3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Weighted average discount rate for operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_c20231231_zlamUd11T5Xg" title="Weighted average discount rate for operating leases">6.4</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_c20221231_zVBFT2jmgVKf" title="Weighted average discount rate for operating leases">6.0</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A6_zbRia4iuZO5c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a reconciliation of future undiscounted cash flows to the operating lease liabilities on our consolidated balance sheets as of December 31, 2023 (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_pn3n3_z9sHBCM1Tdua" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - LEASES (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_8B9_zajYZyROjWYa" style="display: none">Schedule of operating lease liabilities maturities</span></td> <td> </td> <td> </td> <td id="xdx_49F_20231231_zVJhZQLprZnd" style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; white-space: nowrap">Year ended December 31,</td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_pn3n3_maLOLLPzFCc_zOzqUFAudWf5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 82%; text-align: right">2024</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">191</td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_iI_pn3n3_maLOLLPzFCc_zM6jYg2wNuS1" style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2025</td> <td> </td> <td> </td> <td style="text-align: right">195</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_iI_pn3n3_maLOLLPzFCc_zZdbmDtd3RTb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2026</td> <td> </td> <td> </td> <td style="text-align: right">139</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_iI_pn3n3_maLOLLPzFCc_zIbLALGvlr4g" style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2027</td> <td> </td> <td> </td> <td style="text-align: right">45</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_iI_pn3n3_maLOLLPzFCc_z1f5YMuftNvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Thereafter</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2051">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzFCc_zevJBEruT9ze" style="vertical-align: bottom; background-color: White"> <td>Total future lease payments</td> <td> </td> <td> </td> <td style="text-align: right">570</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zoQbP4mvlvI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Less: imputed interest</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(93</td> <td style="white-space: nowrap">)</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pn3n3_zNolHT313Mw4" style="vertical-align: bottom; background-color: White"> <td>Present value of future lease payments</td> <td> </td> <td> </td> <td style="text-align: right">477</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pn3n3_di_zpaJV28qx7nh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Less: current portion of lease liabilities</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(170</td> <td style="white-space: nowrap">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zppu0bvUY8Ef" style="vertical-align: bottom; background-color: White"> <td>Long-term lease liabilities</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">307</td> <td style="white-space: nowrap"> </td></tr> </table> <p id="xdx_8AF_zVLSpomJFNSh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:OperatingLeasesOfLessorDisclosureTextBlock>
<us-gaap:LeaseCostTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact001998">
<table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--LeaseCostTableTextBlock_pn3n3_z9vqCZ7AMxD5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span id="xdx_8BE_zkw4wSE7CQn6" style="display: none">Schedule of components of lease expense</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_495_20230101__20231231_zrQFyocG0LSd" style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td id="xdx_492_20220101__20221231_zSBTFR6NY4d6" style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Years ended December 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseCost_maLCzWPx_z1LDrbxhNtpc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Operating lease cost</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">182</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">85</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--ShortTermLeaseCost_maLCzWPx_z0ZzpLz3g6L3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">28</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LeaseCost_iT_pn3n3_mtLCzWPx_zouN1ZwQm6l1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease costs</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">210</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">103</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:LeaseCostTableTextBlock>
<us-gaap:OperatingLeaseCost contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002000" unitRef="USD"> 182000 </us-gaap:OperatingLeaseCost>
<us-gaap:OperatingLeaseCost contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002001" unitRef="USD"> 85000 </us-gaap:OperatingLeaseCost>
<us-gaap:ShortTermLeaseCost contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002003" unitRef="USD"> 28000 </us-gaap:ShortTermLeaseCost>
<us-gaap:ShortTermLeaseCost contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002004" unitRef="USD"> 18000 </us-gaap:ShortTermLeaseCost>
<us-gaap:LeaseCost contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002006" unitRef="USD"> 210000 </us-gaap:LeaseCost>
<us-gaap:LeaseCost contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002007" unitRef="USD"> 103000 </us-gaap:LeaseCost>
<vrme:ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002009">
<table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock_pn3n3_zdcwJwbjIPhl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td> <span id="xdx_8B1_z6xSfoelRMr5" style="display: none">Schedule of supplemental information related to leases</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20231231_zRl4HoAMsSUh" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20221231_zK0dEOYUHbD9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">December 31, 2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">December 31, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Operating Lease right-of-use asset</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">468</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">469</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current portion of operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">170</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current portion of operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">307</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">359</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--TotalOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">477</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">474</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Cash paid for amounts included in the measurement of operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">177</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">80</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Right-of-use assets obtained in exchange for operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2026">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">552</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted-average remaining lease term for operating leases (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20231231_ztsxb42s7duh" title="Weighted-average remaining lease term for operating leases (years)">3.0</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231_zBleWyqHFtXi" title="Weighted-average remaining lease term for operating leases (years)">4.3</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Weighted average discount rate for operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_c20231231_zlamUd11T5Xg" title="Weighted average discount rate for operating leases">6.4</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_c20221231_zVBFT2jmgVKf" title="Weighted average discount rate for operating leases">6.0</span></td><td style="text-align: left">%</td></tr> </table>
</vrme:ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock>
<us-gaap:OperatingLeaseRightOfUseAsset contextRef="AsOf2023-12-31" decimals="-3" id="Fact002011" unitRef="USD"> 468000 </us-gaap:OperatingLeaseRightOfUseAsset>
<us-gaap:OperatingLeaseRightOfUseAsset contextRef="AsOf2022-12-31" decimals="-3" id="Fact002012" unitRef="USD"> 469000 </us-gaap:OperatingLeaseRightOfUseAsset>
<us-gaap:OperatingLeaseLiabilityCurrent contextRef="AsOf2023-12-31" decimals="-3" id="Fact002014" unitRef="USD"> 170000 </us-gaap:OperatingLeaseLiabilityCurrent>
<us-gaap:OperatingLeaseLiabilityCurrent contextRef="AsOf2022-12-31" decimals="-3" id="Fact002015" unitRef="USD"> 115000 </us-gaap:OperatingLeaseLiabilityCurrent>
<us-gaap:OperatingLeaseLiabilityNoncurrent contextRef="AsOf2023-12-31" decimals="-3" id="Fact002017" unitRef="USD"> 307000 </us-gaap:OperatingLeaseLiabilityNoncurrent>
<us-gaap:OperatingLeaseLiabilityNoncurrent contextRef="AsOf2022-12-31" decimals="-3" id="Fact002018" unitRef="USD"> 359000 </us-gaap:OperatingLeaseLiabilityNoncurrent>
<vrme:TotalOperatingLeaseLiabilities contextRef="AsOf2023-12-31" decimals="-3" id="Fact002020" unitRef="USD"> 477000 </vrme:TotalOperatingLeaseLiabilities>
<vrme:TotalOperatingLeaseLiabilities contextRef="AsOf2022-12-31" decimals="-3" id="Fact002021" unitRef="USD"> 474000 </vrme:TotalOperatingLeaseLiabilities>
<vrme:CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities contextRef="AsOf2023-12-31" decimals="-3" id="Fact002023" unitRef="USD"> 177000 </vrme:CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities>
<vrme:CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities contextRef="AsOf2022-12-31" decimals="-3" id="Fact002024" unitRef="USD"> 80000 </vrme:CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities>
<vrme:RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities contextRef="AsOf2022-12-31" decimals="-3" id="Fact002027" unitRef="USD"> 552000 </vrme:RightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities>
<us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1 contextRef="AsOf2023-12-31" id="Fact002029"> P3Y </us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1>
<us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1 contextRef="AsOf2022-12-31" id="Fact002031"> P4Y3M18D </us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1>
<us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent contextRef="AsOf2023-12-31" decimals="INF" id="Fact002033" unitRef="Pure"> 0.064 </us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
<us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent contextRef="AsOf2022-12-31" decimals="INF" id="Fact002035" unitRef="Pure"> 0.060 </us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
<us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002041">
<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_pn3n3_z9sHBCM1Tdua" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - LEASES (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"><span id="xdx_8B9_zajYZyROjWYa" style="display: none">Schedule of operating lease liabilities maturities</span></td> <td> </td> <td> </td> <td id="xdx_49F_20231231_zVJhZQLprZnd" style="text-align: right"> </td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; white-space: nowrap">Year ended December 31,</td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_pn3n3_maLOLLPzFCc_zOzqUFAudWf5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 82%; text-align: right">2024</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">191</td> <td style="white-space: nowrap; width: 1%"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_iI_pn3n3_maLOLLPzFCc_zM6jYg2wNuS1" style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2025</td> <td> </td> <td> </td> <td style="text-align: right">195</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_iI_pn3n3_maLOLLPzFCc_zZdbmDtd3RTb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2026</td> <td> </td> <td> </td> <td style="text-align: right">139</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_iI_pn3n3_maLOLLPzFCc_zIbLALGvlr4g" style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2027</td> <td> </td> <td> </td> <td style="text-align: right">45</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_iI_pn3n3_maLOLLPzFCc_z1f5YMuftNvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Thereafter</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2051">-</span></td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzFCc_zevJBEruT9ze" style="vertical-align: bottom; background-color: White"> <td>Total future lease payments</td> <td> </td> <td> </td> <td style="text-align: right">570</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zoQbP4mvlvI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Less: imputed interest</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(93</td> <td style="white-space: nowrap">)</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pn3n3_zNolHT313Mw4" style="vertical-align: bottom; background-color: White"> <td>Present value of future lease payments</td> <td> </td> <td> </td> <td style="text-align: right">477</td> <td style="white-space: nowrap"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pn3n3_di_zpaJV28qx7nh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Less: current portion of lease liabilities</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(170</td> <td style="white-space: nowrap">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zppu0bvUY8Ef" style="vertical-align: bottom; background-color: White"> <td>Long-term lease liabilities</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">307</td> <td style="white-space: nowrap"> </td></tr> </table>
</us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock>
<us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths contextRef="AsOf2023-12-31" decimals="-3" id="Fact002043" unitRef="USD"> 191000 </us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths>
<us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo contextRef="AsOf2023-12-31" decimals="-3" id="Fact002045" unitRef="USD"> 195000 </us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo>
<us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree contextRef="AsOf2023-12-31" decimals="-3" id="Fact002047" unitRef="USD"> 139000 </us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree>
<us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour contextRef="AsOf2023-12-31" decimals="-3" id="Fact002049" unitRef="USD"> 45000 </us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour>
<us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue contextRef="AsOf2023-12-31" decimals="-3" id="Fact002053" unitRef="USD"> 570000 </us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue>
<us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount contextRef="AsOf2023-12-31" decimals="-3" id="Fact002055" unitRef="USD"> 93000 </us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount>
<us-gaap:OperatingLeaseLiability contextRef="AsOf2023-12-31" decimals="-3" id="Fact002057" unitRef="USD"> 477000 </us-gaap:OperatingLeaseLiability>
<us-gaap:OperatingLeaseLiabilityCurrent contextRef="AsOf2023-12-31" decimals="-3" id="Fact002059" unitRef="USD"> 170000 </us-gaap:OperatingLeaseLiabilityCurrent>
<us-gaap:OperatingLeaseLiabilityNoncurrent contextRef="AsOf2023-12-31" decimals="-3" id="Fact002061" unitRef="USD"> 307000 </us-gaap:OperatingLeaseLiabilityNoncurrent>
<us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002063">
<p id="xdx_80B_eus-gaap--ConcentrationRiskDisclosureTextBlock_zbe3j4qaKLE5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 15 – <span id="xdx_82F_zpMCDifJAcNg">CONCENTRATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, one customer represented <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_pdd" title="Concentration risk, percentage">17%</span> of revenues and one customer represented <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_pdd" title="Concentration risk, percentage">13%</span> of revenues for the year ended December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, three customers made up <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--ThreeCustomerMember_zP7A2Km5ILUd" title="Concentration risk, percentage">47%</span> of accounts receivable. As of December 31, 2022, two customers accounted for <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomerMember_zeao3U3DOkRb" title="Concentration risk, percentage">23%</span> of total accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, and December 31, 2022, one vendor accounted for <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TransportationCostMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_pdd" title="Concentration risk, percentage"><span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TransportationCostMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_pdd" title="Concentration risk, percentage">99%</span></span> of transportation costs, in our Precision Logistics segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
</us-gaap:ConcentrationRiskDisclosureTextBlock>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2023-01-012023-12-31_us-gaap_SalesRevenueNetMember_us-gaap_CustomerConcentrationRiskMember_custom_OneCustomerMember" decimals="INF" id="Fact002065" unitRef="Pure"> 0.17 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2022-01-012022-12-31_us-gaap_SalesRevenueNetMember_us-gaap_CustomerConcentrationRiskMember_custom_OneCustomerMember" decimals="INF" id="Fact002067" unitRef="Pure"> 0.13 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2023-01-012023-12-31_us-gaap_AccountsReceivableMember_us-gaap_CustomerConcentrationRiskMember_custom_ThreeCustomerMember" decimals="INF" id="Fact002069" unitRef="Pure"> 0.47 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2022-01-012022-12-31_us-gaap_AccountsReceivableMember_us-gaap_CustomerConcentrationRiskMember_custom_TwoCustomerMember" decimals="INF" id="Fact002071" unitRef="Pure"> 0.23 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2023-01-012023-12-31_custom_TransportationCostMember_us-gaap_ProductConcentrationRiskMember_custom_OneVendorMember" decimals="INF" id="Fact002073" unitRef="Pure"> 0.99 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2022-01-012022-12-31_custom_TransportationCostMember_us-gaap_ProductConcentrationRiskMember_custom_OneVendorMember" decimals="INF" id="Fact002075" unitRef="Pure"> 0.99 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:SegmentReportingDisclosureTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002077">
<p id="xdx_808_eus-gaap--SegmentReportingDisclosureTextBlock_zwIeHvmejNkk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 16 – <span id="xdx_822_zyngZfItugKc">SEGMENT REPORTING</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of December 31, 2023, we operated through two reportable business segments: <span style="background-color: white"> (i) Precision Logistics (formerly PeriShip Global Solutions) and (ii) Authentication (formerly VerifyMe Solutions).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Precision Logistics: </b>This segment offers a value-added service provider for time and temperature sensitive parcel management. Through logistics management from a sophisticated IT platform with proprietary databases, package and flight-tracking software, weather, traffic, as well as dynamic dashboards with real-time visibility into shipment transit and last-mile events that are managed by a service center we provide our clients an end-to-end vertical approach for their most critical service delivery needs. Using our proprietary IT platform, we provide real-time information and analysis to mitigate supply chain flow interruption, delivering last-mile resolution for key markets, including the perishable healthcare and food industries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Authentication:</b> This segment specializes in solutions that connect brands with consumers through their products. Consumers can authenticate products with their smart phone prior to usage, and brand owners have the ability to gather business intelligence while engaging directly with their consumers. Our Authentication segment also provides brand protection and supply chain functions such as counterfeit prevention.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We do not allocate the following items to the segments: general and administrative expenses, research and development expense, sales and marketing expenses, and other income (expense).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth the revenue and operating results attributable to each reportable segment and includes a reconciliation of segment revenue to consolidated revenue and operating results to consolidated loss before income tax expense (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zl7ygKmYSSOi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT REPORTING (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zAyzx79fNCY1" style="display: none">Schedule of segment reporting information</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Years Ended<br/> December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Revenue</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Precision Logistics</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zicejTLpCfwg" style="width: 15%; text-align: right" title="Revenues">24,652</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zB57QFN47Qw1" style="width: 15%; text-align: right" title="Revenues">18,190</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zOpxxItue4Pi" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zUxzApEECvic" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20230101__20231231_zeApghZMdia" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">25,313</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20220101__20221231_ztrSq6UwswGk" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">19,576</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Precision Logistics</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--GrossProfit_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Gross Profit">8,475</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Gross Profit">5,505</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--GrossProfit_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Profit">528</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--GrossProfit_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Profit">983</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Gross Profit</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--GrossProfit_c20230101__20231231_pn3n3" style="text-align: right" title="Gross Profit">9,003</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--GrossProfit_c20220101__20221231_pn3n3" style="text-align: right" title="Gross Profit">6,488</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and administrative</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--GeneralAndAdministrativeExpense_c20230101__20231231_pn3n3" style="text-align: right" title="General and administrative">10,586</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--GeneralAndAdministrativeExpense_c20220101__20221231_pn3n3" style="text-align: right" title="General and administrative">8,428</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Research and development</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ResearchAndDevelopmentExpense_c20230101__20231231_pn3n3" style="text-align: right" title="Research and development">107</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ResearchAndDevelopmentExpense_c20220101__20221231_pn3n3" style="text-align: right" title="Research and development">89</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales and marketing</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--SellingAndMarketingExpense_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Sales and marketing">1,638</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--SellingAndMarketingExpense_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Sales and marketing">1,718</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">LOSS BEFORE OTHER EXPENSE, NET</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--OperatingIncomeLoss_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="LOSS BEFORE OTHER EXPENSE, NET">(3,328</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingIncomeLoss_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="LOSS BEFORE OTHER EXPENSE, NET">(3,747</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSE, NET</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--NonoperatingIncomeExpense_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="TOTAL OTHER EXPENSE, NET">(62</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--NonoperatingIncomeExpense_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="TOTAL OTHER EXPENSE, NET">(10,651</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLoss_c20230101__20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="NET (LOSS) INCOME">(3,390</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--NetIncomeLoss_c20220101__20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="NET (LOSS) INCOME">(14,398</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Additional information relating to our business segments is as follows (in thousands):</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Identifiable assets:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Years Ended<br/> December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Precision Logistics</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_c20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="width: 15%; text-align: right" title="Total Assets">16,637</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_c20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="width: 15%; text-align: right" title="Total Assets">17,302</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--Assets_c20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Assets">4,068</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_c20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Assets">3,450</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Assets">20,705</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Assets_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Assets">20,752</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zGRtqJ2hgOQk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
</us-gaap:SegmentReportingDisclosureTextBlock>
<us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002084">
<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zl7ygKmYSSOi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT REPORTING (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zAyzx79fNCY1" style="display: none">Schedule of segment reporting information</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Years Ended<br/> December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap">Revenue</td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Precision Logistics</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zicejTLpCfwg" style="width: 15%; text-align: right" title="Revenues">24,652</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_zB57QFN47Qw1" style="width: 15%; text-align: right" title="Revenues">18,190</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_pn3n3_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zOpxxItue4Pi" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">661</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_zUxzApEECvic" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,386</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20230101__20231231_zeApghZMdia" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">25,313</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20220101__20221231_ztrSq6UwswGk" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">19,576</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Precision Logistics</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--GrossProfit_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Gross Profit">8,475</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="text-align: right" title="Gross Profit">5,505</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--GrossProfit_c20230101__20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Profit">528</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--GrossProfit_c20220101__20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Gross Profit">983</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Gross Profit</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--GrossProfit_c20230101__20231231_pn3n3" style="text-align: right" title="Gross Profit">9,003</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--GrossProfit_c20220101__20221231_pn3n3" style="text-align: right" title="Gross Profit">6,488</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and administrative</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--GeneralAndAdministrativeExpense_c20230101__20231231_pn3n3" style="text-align: right" title="General and administrative">10,586</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--GeneralAndAdministrativeExpense_c20220101__20221231_pn3n3" style="text-align: right" title="General and administrative">8,428</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Research and development</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ResearchAndDevelopmentExpense_c20230101__20231231_pn3n3" style="text-align: right" title="Research and development">107</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ResearchAndDevelopmentExpense_c20220101__20221231_pn3n3" style="text-align: right" title="Research and development">89</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales and marketing</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--SellingAndMarketingExpense_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Sales and marketing">1,638</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--SellingAndMarketingExpense_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Sales and marketing">1,718</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">LOSS BEFORE OTHER EXPENSE, NET</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--OperatingIncomeLoss_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="LOSS BEFORE OTHER EXPENSE, NET">(3,328</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingIncomeLoss_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="LOSS BEFORE OTHER EXPENSE, NET">(3,747</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSE, NET</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--NonoperatingIncomeExpense_c20230101__20231231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="TOTAL OTHER EXPENSE, NET">(62</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--NonoperatingIncomeExpense_c20220101__20221231_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="TOTAL OTHER EXPENSE, NET">(10,651</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLoss_c20230101__20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="NET (LOSS) INCOME">(3,390</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--NetIncomeLoss_c20220101__20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="NET (LOSS) INCOME">(14,398</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Additional information relating to our business segments is as follows (in thousands):</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Identifiable assets:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="white-space: nowrap; font-weight: bold; text-align: center">Years Ended<br/> December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Precision Logistics</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_c20231231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="width: 15%; text-align: right" title="Total Assets">16,637</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_c20221231__srt--ConsolidatedEntitiesAxis__custom--AuthenticationMember_pn3n3" style="width: 15%; text-align: right" title="Total Assets">17,302</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Authentication</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--Assets_c20231231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Assets">4,068</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_c20221231__srt--ConsolidatedEntitiesAxis__custom--PrecisionLogisticsMember_pn3n3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Assets">3,450</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_c20231231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Assets">20,705</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Assets_c20221231_pn3n3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Assets">20,752</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002086" unitRef="USD"> 24652000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002088" unitRef="USD"> 18190000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-012023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002090" unitRef="USD"> 661000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002092" unitRef="USD"> 1386000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002094" unitRef="USD"> 25313000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002096" unitRef="USD"> 19576000 </us-gaap:Revenues>
<us-gaap:GrossProfit contextRef="From2023-01-012023-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002098" unitRef="USD"> 8475000 </us-gaap:GrossProfit>
<us-gaap:GrossProfit contextRef="From2022-01-012022-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002100" unitRef="USD"> 5505000 </us-gaap:GrossProfit>
<us-gaap:GrossProfit contextRef="From2023-01-012023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002102" unitRef="USD"> 528000 </us-gaap:GrossProfit>
<us-gaap:GrossProfit contextRef="From2022-01-012022-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002104" unitRef="USD"> 983000 </us-gaap:GrossProfit>
<us-gaap:GrossProfit contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002106" unitRef="USD"> 9003000 </us-gaap:GrossProfit>
<us-gaap:GrossProfit contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002108" unitRef="USD"> 6488000 </us-gaap:GrossProfit>
<us-gaap:GeneralAndAdministrativeExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002110" unitRef="USD"> 10586000 </us-gaap:GeneralAndAdministrativeExpense>
<us-gaap:GeneralAndAdministrativeExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002112" unitRef="USD"> 8428000 </us-gaap:GeneralAndAdministrativeExpense>
<us-gaap:ResearchAndDevelopmentExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002114" unitRef="USD"> 107000 </us-gaap:ResearchAndDevelopmentExpense>
<us-gaap:ResearchAndDevelopmentExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002116" unitRef="USD"> 89000 </us-gaap:ResearchAndDevelopmentExpense>
<us-gaap:SellingAndMarketingExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002118" unitRef="USD"> 1638000 </us-gaap:SellingAndMarketingExpense>
<us-gaap:SellingAndMarketingExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002120" unitRef="USD"> 1718000 </us-gaap:SellingAndMarketingExpense>
<us-gaap:OperatingIncomeLoss contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002122" unitRef="USD"> -3328000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002124" unitRef="USD"> -3747000 </us-gaap:OperatingIncomeLoss>
<us-gaap:NonoperatingIncomeExpense contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002126" unitRef="USD"> -62000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002128" unitRef="USD"> -10651000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NetIncomeLoss contextRef="From2023-01-01to2023-12-31" decimals="-3" id="Fact002130" unitRef="USD"> -3390000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2022-01-012022-12-31" decimals="-3" id="Fact002132" unitRef="USD"> -14398000 </us-gaap:NetIncomeLoss>
<us-gaap:Assets contextRef="AsOf2023-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002134" unitRef="USD"> 16637000 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2022-12-31_custom_AuthenticationMember" decimals="-3" id="Fact002136" unitRef="USD"> 17302000 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2023-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002138" unitRef="USD"> 4068000 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2022-12-31_custom_PrecisionLogisticsMember" decimals="-3" id="Fact002140" unitRef="USD"> 3450000 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2023-12-31" decimals="-3" id="Fact002142" unitRef="USD"> 20705000 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2022-12-31" decimals="-3" id="Fact002144" unitRef="USD"> 20752000 </us-gaap:Assets>
<us-gaap:SubsequentEventsTextBlock contextRef="From2023-01-01to2023-12-31" id="Fact002146">
<p id="xdx_803_eus-gaap--SubsequentEventsTextBlock_zm2LXEspOZw7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 17 – <span id="xdx_82F_zhAy5GRvJ4zi">SUBSEQUENT EVENTS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 17, 2024 we repurchased <span id="xdx_906_eus-gaap--StockRepurchasedDuringPeriodShares_c20240201__20240217__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zCG5aYqnMzGd" title="Share repurchase">1,000</span> shares under the Share Repurchase program</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 29, 2024, seven participants exercised their option under the Company’s 2021 Plan, and as a result, <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20240201__20240229__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--PlanNameAxis__custom--Plan2021Member__us-gaap--RelatedPartyTransactionAxis__custom--SevenParticipantsMember_zHjwb7p4YJD5" title="Stock option exercised">21,889</span> shares were issued with an exercise price of $<span id="xdx_907_eus-gaap--StockOptionExercisePriceIncrease_c20240201__20240229__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--PlanNameAxis__custom--Plan2021Member__us-gaap--RelatedPartyTransactionAxis__custom--SevenParticipantsMember_zvFXOTPCHDBi" title="Exercise Price">0.97</span>.</p>
</us-gaap:SubsequentEventsTextBlock>
<us-gaap:StockRepurchasedDuringPeriodShares contextRef="From2024-02-012024-02-17_us-gaap_SubsequentEventMember" decimals="INF" id="Fact002148" unitRef="Shares"> 1000 </us-gaap:StockRepurchasedDuringPeriodShares>
<us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2024-02-012024-02-29_us-gaap_SubsequentEventMember_custom_Plan2021Member_custom_SevenParticipantsMember" decimals="INF" id="Fact002150" unitRef="Shares"> 21889 </us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
<us-gaap:StockOptionExercisePriceIncrease contextRef="From2024-02-012024-02-29_us-gaap_SubsequentEventMember_custom_Plan2021Member_custom_SevenParticipantsMember" decimals="INF" id="Fact002152" unitRef="USDPShares"> 0.97 </us-gaap:StockOptionExercisePriceIncrease>
<link:footnoteLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
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<link:footnote id="Footnote000304" xlink:label="Footnote000304" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Includes share-based compensation of $1,675 thousand for the year ended December 31, 2023, and $1,468 thousand for the year ended December 31, 2022. </link:footnote>
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<link:loc xlink:href="#Fact000998" xlink:label="Fact000998" xlink:type="locator"/>
<link:footnote id="Footnote001039" xlink:label="Footnote001039" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Revenue is our Precision Logistics Segment in 2022 includes revenue since the acquisition date of our PeriShip Global business, on April 22, 2022. </link:footnote>
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<link:loc xlink:href="#Fact001060" xlink:label="Fact001060" xlink:type="locator"/>
<link:footnote id="Footnote001063" xlink:label="Footnote001063" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Included within "Unbilled revenue" on the accompanying Consolidated Balance sheets. </link:footnote>
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<link:footnote id="Footnote001122" xlink:label="Footnote001122" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Stock issued was calculated based on the 15 day volume-weighted average price (“VWAP”) through February 28, 2023 calculated at $1.8388. </link:footnote>
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<link:footnote id="Footnote001184" xlink:label="Footnote001184" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Stock issued was calculated based on the 15 days prior to April 22, 2022, volume-weighted average price (“VWAP”) calculated at $3.2736. </link:footnote>
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<link:loc xlink:href="#xdx2ixbrl1710" xlink:label="xdx2ixbrl1710" xlink:type="locator"/>
<link:footnote id="Footnote001731" xlink:label="Footnote001731" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for options that were in-the-money at each respective period.  </link:footnote>
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<link:loc xlink:href="#xdx2ixbrl1910" xlink:label="xdx2ixbrl1910" xlink:type="locator"/>
<link:footnote id="Footnote001911" xlink:label="Footnote001911" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $1.12 for our common stock on December 31, 2023. </link:footnote>
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</xbrl>

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/25/24  VerifyMe, Inc.                    ARS        12/31/23    1:1M                                     Securex Filings/FA

33 Previous Filings that this Filing References

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11/08/23  VerifyMe, Inc.                    10-Q        9/30/23   73:6.5M                                   Securex Filings/FA
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11/10/22  VerifyMe, Inc.                    10-Q        9/30/22   71:5.9M                                   Securex Filings/FA
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 4/26/22  VerifyMe, Inc.                    8-K:1,2,3,5 4/22/22   23:3.7M                                   Securex Filings/FA
 4/25/22  VerifyMe, Inc.                    DEF 14A     6/09/22    1:391K                                   Securex Filings/FA
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 2/22/22  VerifyMe, Inc.                    8-K:5,9     2/16/22   16:750K                                   Securex Filings/FA
 5/13/21  VerifyMe, Inc.                    10-Q        3/31/21   48:2.7M                                   Securex Filings/FA
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11/12/20  VerifyMe, Inc.                    10-Q        9/30/20   58:4.2M                                   Securex Filings/FA
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10/10/19  VerifyMe, Inc.                    S-1                   65:7.2M                                   Securex Filings/FA
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11/19/13  VerifyMe, Inc.                    DEF 14A    12/09/13    1:586K                                   Toppan Vite NY Inc./FA
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