Let K be a field of characteristic 0, G the direct sum of two copies of the additive group of integers. For a total order ≺ on G, which is compatible with the addition, and for any ċ1, ċ2 ∈ K, we define G-graded highest weight modules M(ċ1, ċ2, ≺) over the Virasoro-like algebra , indexed by G. It is natural to call them Verma modules. In the present paper, the irreducibility of M (ċ1, ċ2, ≺) is completely determined and the structure of reducible module M (ċ1, ċ2, ≺)is also described.