Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.24.3
Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2024
Summary Of Significant Accounting Policies [Abstract]  
Schedule of Subsidiary The carrying amount of non-controlling interest is adjusted to reflect the change in the non-controlling interest’s relative interest in the subsidiary, and the difference between the adjustment to the carrying amount of non-controlling interests and the Company’s share of proceeds received and/or consideration paid is recognized directly in equity and attributed to owners of the Company.
Name of Subsidiary   Place of Incorporation   Proportion of
Ownership Interest
    Principal Activity
Versus Systems (Holdco) Inc.   United States of America     81.9 %   Holding Company
Versus LLC   United States of America     81.9 %   Technology Company
Xcite Interactive, Inc.   United States of America     100.0 %   Technology Company
Schedule of Property and Equipment is Recorded at Cost Less Accumulated Amortization and Any Impairments Property and equipment is recorded at cost less accumulated amortization and any impairments. Depreciation is calculated based on the estimated residual value and estimated economic life of the specific assets using the straight-line method over the period indicated below:
Asset   Rate
Computers   Straight line, 3 years
Right of use assets   Shorter of useful life or lease term