VSMR (Verify Smart) Total Current Assets : $0.17 Mil (As of Jun. 2024)

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What is Verify Smart Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Verify Smart's total current assets for the quarter that ended in Jun. 2024 was $0.17 Mil.

Verify Smart Total Current Assets Historical Data

The historical data trend for Verify Smart's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Verify Smart Total Current Assets Chart

Verify Smart Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun17

Jun18

Jun22

Jun23

Jun24

Total Current Assets

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0.06

0.16

0.13

0.17

Verify Smart Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun17	Jun18	Jun22	Jun23	Jun24
Total Current Assets	Get a 7-Day Free Trial							0.06	0.16	0.13	0.17	0.17

Verify Smart Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Verify Smart's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.152	+	0.013	+	-0.001
	=	0.17

Verify Smart's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.152	+	0.013	+	-0.001
	=	0.17

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Verify Smart (OTCPK:VSMR) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Verify Smart's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	1.948	+	0.75 * 0	+	0.5 * 0.013
=	-1.94

Verify Smart Total Current Assets Related Terms

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Verify Smart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verify Smart Corp (OTCPK:VSMR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Hillside Avenue, Mahwah, NJ, USA, 07430

Website

https://www.verifysmart.net

Verify Smart Corp is engaged in the business of developing and selling internet security software for credit card fraud prevention. The Company was originally formed to engage in the acquisition, exploration and development of natural resource properties.

Executives

Howard Stephen Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2
Gordon Koshowski	director	#109 - 114 W MAGNOLIA, SUITE 400, BELLINGHAM WA 98225

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