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

Consolidated Statements of Operations and Comprehensive Loss

v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUES    
Revenues $ 57,288 $ 271,169
Cost of revenues 40,277 103,067
Gross margin 17,011 168,102
EXPENSES    
Research and development 246,019 1,107,235
Selling, general and administrative 4,310,218 5,944,909
Impairment of goodwill and other intangibles 3,968,332
Total operating expenses 4,556,237 11,020,476
Operating loss (4,539,226) (10,852,374)
Employee retention credit 354,105
Other income/(expense), net (11,384) (13,888)
Loss before provision for income taxes (4,550,610) (10,512,157)
Provision for income taxes (24,226)
Net loss (4,574,836) (10,512,157)
Less: Net loss attributable to non-controlling interest 532,505 985,160
Net loss attributable to Versus Systems, Inc. Shareholders $ (4,042,331) $ (9,526,997)
Per share Data:    
Basic loss per share to shareholders (in Dollars per share) $ (1.54) $ (10.44)
Diluted loss per share to shareholders (in Dollars per share) $ (1.54) $ (10.44)
Weighted average shares – basic (in Shares) 2,628,226 912,717
Weighted average shares – diluted (in Shares) 2,628,226 912,717
Comprehensive income (loss)    
Net loss $ (4,574,836) $ (10,512,157)
Change in foreign currency translation, net of tax 70,372 93,317
Total other comprehensive income 70,372 93,317
Total comprehensive loss (4,504,463) (10,418,840)
Less: comprehensive loss attributable to non-controlling interest 532,505 985,160
Comprehensive loss attributable to shareholders $ (3,971,958) $ (9,433,680)