Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,065,914 $ 4,689,007
Receivables, net of allowance for credit losses 18,222
Prepaid expenses 469,646 160,474
Total current assets 3,535,560 4,867,703
Restricted deposit 8,679
Property and equipment 1,935
Total assets 3,535,560 4,878,317
Current liabilities    
Accounts payable and accrued liabilities 26,288 286,427
Deferred revenue 35,049
Total current liabilities 26,288 321,476
Non-current liabilities    
Total liabilities 26,288 321,476
Stockholders’ equity    
Common stock and additional paid in capital, no par value. Unlimited authorized shares; 4,901,677 and 2,506,015 shares issued and outstanding as of December 31, 2024 and 2023, respectively 150,587,018 147,130,123
Accumulated other comprehensive income 318,659 248,287
Deficit (139,476,353) (135,434,022)
Total Versus Systems, Inc. stockholders’ equity 11,429,324 11,944,388
Non-controlling interest (7,920,052) (7,387,547)
Total stockholders’ equity 3,509,272 4,556,841
Total liabilities, noncontrolling interest and stockholders’ equity 3,535,560 4,878,317
Class A Shares    
Stockholders’ equity    
Class A shares, no par value. Unlimited authorized shares; no shares issued or outstanding, respectively