Private company
Zerify, Inc.
American prepackaged software services company based in Edison1
In its 2023 annual report the company says: “We are a software development and services company that offers a suite of integrated computer network security products using proprietary technology.”32
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Research and development7¢$580.0K
- Selling, general and admin93¢$7.7M
Out of $103.0K in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $384.3K4 | $274.1K5 | $233.9K6 | $768.0K7 | $207.0K8 | $193.0K3 | $103.0K3 |
| Cost of revenue | $6.4K4 | $12.5K5 | $14.1K6 | $10.0K7 | $13.0K8 | $27.0K8 | |
| Gross profit | $377.9K4 | $261.6K5 | $57.9K9 | ||||
| Research and development | $521.7K4 | $537.3K5 | $511.3K6 | $520.0K7 | $520.0K8 | $566.0K3 | $580.0K3 |
| Selling, general and admin | $1.2M4 | $1.1M5 | $775.6K6 | $1.8M7 | $2.4M8 | $9.4M3 | $7.7M3 |
| Operating expenses | $10.0M3 | $8.3M3 | |||||
| Operating income | -$2.4M4 | -$2.4M5 | -$2.4M6 | -$1.6M7 | -$2.7M8 | -$9.8M3 | -$8.2M3 |
| Interest | $875.2K4 | $837.9K5 | -$443.7K6 | $505.0K7 | $654.0K8 | $447.0K8 | |
| Income tax | $71.7K5 | $1.5K6 | $2.0K7 | $07 | |||
| Net income | $2.9M4 | -$3.2M5 | -$3.8M6 | -$3.8M7 | -$10.1M8 | -$17.2M3 | -$8.8M3 |
| Earnings per share (diluted) |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $804.1K5 | $455.5K5 | $86.0K7 | $75.0K8 | $162.0K8 | $2.1M3 | $192.0K3 |
| Receivables | $24.0K3 | $20.0K3 | |||||
| Current assets | $965.4K4 | $512.0K5 | $111.3K6 | $99.0K7 | $203.0K8 | $2.1M3 | $212.0K3 |
| Property, plant and equipment | $03 | $36.0K3 | |||||
| Total assets | $996.9K4 | $540.2K5 | $139.0K6 | $327.0K7 | $376.0K8 | $2.2M3 | $313.0K3 |
| Current liabilities | $9.4M4 | $11.3M5 | $13.9M6 | $15.5M7 | $14.1M8 | $13.6M3 | $15.0M3 |
| Long-term debt | $147.9K6 | ||||||
| Total liabilities | $9.4M12 | $13.9M6 | $15.8M7 | $14.7M8 | $13.8M3 | $15.2M3 | |
| Retained earnings | -$71.6M3 | -$82.2M3 | |||||
| Shareholders’ equity | -$8.4M5 | -$10.8M6 | -$13.8M7 | -$15.5M7 | -$13.5M8 | -$10.7M3 | -$14.0M3 |
| Shares outstanding | 2.3B shares4 | 2.3B shares5 | 2.4B shares6 | 5.9M shares7 | 718.3M shares8 | 955.4M shares3 | 1.1B shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $2.4M4 | -$1.7M5 | -$2.0M6 | -$1.4M7 | -$2.3M8 | -$3.1M3 | -$4.3M3 |
| Depreciation and amortization | $4.0K8 | ||||||
| Capital spending | $7.9K4 | $3.3K5 | -$6.3K6 | $1.0K7 | $1.0K8 | $03 | $39.0K3 |
| Free cash flow | $2.4M | -$1.7M | -$2.0M | -$1.4M | -$2.3M | -$3.1M | -$4.3M |
| Cash from investing | $03 | -$39.0K3 | |||||
| Share buybacks | $165.0K3 | ||||||
| Cash from financing | $5.0M3 | $2.4M3 |
What it owns
What Zerify, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $192.0K3 Dec 31, 2022 | $153.0K3 Dec 31, 2021 | +25.5% |
| Accumulated depreciation | $156.0K3 Dec 31, 2022 | $153.0K3 Dec 31, 2021 | +2.0% |
| Property and equipment, net | $36.0K3 Dec 31, 2022 | $03 Dec 31, 2021 | |
| Operating-lease assets (leased space) | $54.0K3 Dec 31, 2022 | $107.0K3 Dec 31, 2021 | −49.5% |
Investments
Leadership
Who has led Zerify, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerRamarao Pemmaraju Jan 15, 2020 to Jan 15, 202013
- Chief executive officerMark L. Kay Mar 15, 2010 to Jan 22, 202114
- Chief financial officerPhilip Ellis Blocker Jan 12, 2018 to Jan 12, 201815
Board members and other officers (4)
- Board memberGeorge Waller Jan 15, 2020 to Jan 22, 202116
- Board memberRamarao Pemmaraju Jan 15, 2020 to Jan 22, 202113
- Board memberMark L. Kay Mar 15, 2010 to Jan 22, 202114
- Board memberRobert Allen Denn Jr. Nov 24, 2009 to Feb 27, 201217
Former names
Timeline
- Jul 7, 20258-K Change in control; Executive or director change18
- Dec 12, 20248-K Entered a material agreement; Regulation FD disclosure19
- Sep 3, 20248-K Entered a material agreement; Unregistered sale of shares; Change in control20
- Aug 29, 20248-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure21
- Jul 26, 20248-K Entered a material agreement; Unregistered sale of shares; Change in control22
- Apr 17, 20248-K Regulation FD disclosure23
- Mar 11, 20248-K Entered a material agreement; Other events24
- Dec 27, 20238-K Change of auditor25
- Jul 20, 20238-K Entered a material agreement; Other events26
- Jan 26, 20238-K Shareholder vote27
- Nov 2, 20228-K Entered a material agreement; Unregistered sale of shares28
- Aug 26, 20228-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights29
- Jan 15, 2020New chief executive Ramarao Pemmaraju becomes CEO13
- Mar 15, 2010New chief executive Mark L. Kay becomes CEO14
Filings
88 filings to the SEC since October 2021: 5 annual reports, 7 quarterly reports, 15 major events, 1 private raises, 60 other. The latest 20:
- Jul 7, 20258-K EDGAR
- Dec 12, 20248-K EDGAR
- Sep 3, 20248-K EDGAR
- Aug 29, 20248-K EDGAR
- Aug 14, 2024NT 10-Q EDGAR
- Jul 26, 20248-K EDGAR
- May 16, 2024NT 10-Q EDGAR
- May 2, 2024DEF 14C EDGAR
- Apr 17, 20248-K EDGAR
- Apr 12, 2024PRE 14C EDGAR
- Apr 1, 2024NT 10-K EDGAR
- Mar 11, 20248-K EDGAR
- Feb 13, 2024253G1 EDGAR
- Feb 12, 2024QUALIF EDGAR
- Feb 5, 20241-A POS EDGAR
- Dec 27, 20238-K EDGAR
- Dec 22, 202310-Q EDGAR
- Nov 13, 2023NT 10-Q EDGAR
- Oct 26, 2023QUALIF EDGAR
- Oct 18, 20231-A POS EDGAR
The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $17.6K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2023 | $17.6K | $17.6K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Zerify, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARZerify, Inc.1
- CIK0001285543
- Employer ID (EIN)22-38275971
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inWyoming1
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address1090 King Georges Post Road, Edison, NJ 088371
- Phone732 661 96411
- Shares outstanding2,736,452,523 as of Dec 15, 202311
- Public float$21.1M as of Jun 30, 202231
- On EDGAR sinceMar 30, 20041
- Filings423 in all: 8-K (60), 10-Q (48), NT 10-Q (45), PRE 14C (19), 4 (18), DEF 14C (18), CORRESP (17), NT 10-K (16)1
All 48 form types
SC 13G (16), 10-K (15), SC 13G/A (12), 1-A/A (11), UPLOAD (11), 5 (9), 10QSB (8), DEF 14A (7), QUALIF (7), REGDEX (7), 253G2 (6), S-1/A (6), 1-A POS (5), 10-K/A (4), 424B3 (4), EFFECT (4), S-1 (4), 1-A (3), 10KSB (3), 4/A (3), 8-K/A (3), D (3), RW (3), SB-2 (3), SB-2/A (3), 10-Q/A (2), 10KSB/A (2), 10QSB/A (2), 3 (2), 8-A12G/A (2), POS AM (2), REGDEX/A (2), 1-A-W (1), 253G1 (1), 424B2 (1), 5/A (1), 8-A12G (1), PRE 14A (1), SC 13D (1), SUPPL (1)
- Latest filingsAnnual report (10-K) Apr 14, 2023
Quarterly report (10-Q) Dec 22, 2023
Proxy statement (DEF 14A) Nov 28, 2022
Latest 8-K (8-K) Jul 7, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARZerify, Inc. filings on SEC EDGAR
- 2SEC EDGARZerify, Inc. filings on SEC EDGAR
- 3SEC EDGARZerify, Inc. 10-K for fiscal 2022
- 4SEC EDGARZerify, Inc. 10-K for fiscal 2016
- 5SEC EDGARZerify, Inc. 10-K for fiscal 2017
- 6SEC EDGARZerify, Inc. 10-K for fiscal 2018
- 7SEC EDGARZerify, Inc. 10-K for fiscal 2019
- 8SEC EDGARZerify, Inc. 10-K for fiscal 2020
- 9SEC EDGARZerify, Inc. 10-K for fiscal 2018
- 10SEC EDGARZerify, Inc. 10-Q for fiscal 2023
- 11SEC EDGARZerify, Inc. 10-Q for fiscal 2023
- 12SEC EDGARZerify, Inc. 10-K for fiscal 2016
- 13
- 14SEC EDGARMark L. Kay, Chief executive officer
- 15
- 16SEC EDGARGeorge Waller, Board member
- 17SEC EDGARRobert Allen Denn Jr., Board member
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARRegulation FD disclosure
- 24
- 25SEC EDGARChange of auditor
- 26
- 27SEC EDGARShareholder vote
- 28
- 29
- 30
- 31
- 32SEC EDGARZerify, Inc. filing with the SEC