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

Consolidated Statements of Changes in Stockholder???s Equity

v3.25.1
Consolidated Statements of Changes in Stockholder’s Equity - USD ($)
Common Shares
Class A
Common Shares
Additional Paid in Capital
Currency translation adjustment
Accumulated Deficit
Versus Systems, Inc. Equity
Non- controlling Interest
Total
Balance at Dec. 31, 2022 $ 28,247 $ 122,353,525 $ 14,506,758 $ 154,970 $ (125,907,025) $ 11,136,475 $ (6,402,387) $ 4,734,088
Balance (in Shares) at Dec. 31, 2022 21 260,761            
Exercise of warrants $ 4,561,200 4,561,200 4,561,200
Exercise of warrants (in Shares)   283,875            
Shares issued in connection with private placement $ 2,562,660 2,562,660 2,562,660
Shares issued in connection with private placement (in Shares)   989,903            
Shares issued in public offering $ 5,250,003 5,250,003 5,250,003
Shares issued in public offering (in Shares)   971,455            
Class A shares converted $ (28,247) $ 28,247  
Class A shares converted (in Shares) (21) 21            
Share issuance costs $ (679,890) (679,890) (679,890)
Stock-based compensation (1,452,380) (1,452,380) (1,452,380)
Cumulative translation adjustment 93,317 93,317 93,317
Net loss (9,526,997) (9,526,997) (985,160) (10,512,157)
Balance at Dec. 31, 2023 $ 134,075,745 13,054,378 248,287 (135,434,022) 11,944,388 (7,387,547) 4,556,841
Balance (in Shares) at Dec. 31, 2023 2,506,015            
Exercise of warrants 885,003 885,003 885,003
Exercise of warrants (in Shares) 0 240,490            
Conversion of debt into common stock 2,411,027 2,411,027 2,411,027
Conversion of debt into common stock (in Shares) 2,155,172            
Stock-based compensation 160,865 160,865 160,865
Cumulative translation adjustment 70,372 70,372 70,372
Net loss (4,042,331) (4,042,331) (532,505) (4,574,836)
Balance at Dec. 31, 2024 $ 134,075,745 $ 16,511,273 $ 318,659 $ (139,476,353) $ 11,429,324 $ (7,920,052) $ 3,509,272
Balance (in Shares) at Dec. 31, 2024 4,901,677