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

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 527,388 $ 3,065,914
Accounts Receivable 836,000
Prepaid expenses 88,674 469,646
Total current assets 1,452,062 3,535,560
Intangible asset 609,000
Total assets 2,061,062 3,535,560
Current liabilities    
Accounts payable and accrued liabilities 142,759 26,288
Total current liabilities 142,759 26,288
Non-current liabilities    
Total liabilities 142,759 26,288
Stockholders’ equity    
Preferred stock, no par value. 100,000,000 authorized shares; no shares issued or outstanding, respectively
Common stock and additional paid in capital, no par value. 200,000,000 authorized shares; 4,901,677 and 4,901,677 shares issued and outstanding as of December 31, 2025 and 2024, respectively 151,017,446 150,587,018
Accumulated other comprehensive income 441,995 318,659
Deficit (141,268,519) (139,476,353)
Total Versus Systems, Inc. stockholders’ equity 10,190,922 11,429,324
Non-controlling interest (8,272,619) (7,920,052)
Total stockholders’ equity 1,918,303 3,509,272
Total liabilities, noncontrolling interest and stockholders’ equity $ 2,061,062 $ 3,535,560