If by report you mean who you sent and received SMS from. Go to verizonwireless.com set up an account, go to the usage section, click on messages. It will give you a detailed view including the number that you sent or received a text from as well as the date and time..
I think the OP wants notification that his text was delivered and read. If this is the case, there is no way to do this for SMS messages. Just iMessages. I had one phone that did that and I really miss this feature.