Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited)

v3.22.2.2
Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Revenues $ 250,661 $ 70,364 $ 574,417 $ 70,700
EXPENSES        
Amortization (Note 7) 65,870 85,430 140,364 152,183
Amortization of intangible assets (Note 10) 629,989 595,998 1,267,679 927,713
Consulting fees (Note 3) 186,714 139,679 335,121 225,798
Foreign exchange (gain) loss (155,605) 1,459,795 (46,772) 1,318,905
Office and miscellaneous expenses 229,585 328,663 419,215 529,999
Interest expense 30,482 40,325 67,050 116,502
Professional fees (Note 14) 232,637 1,523,623 667,641 2,060,360
Salaries and wages (Note 14) 1,600,138 1,217,858 3,058,050 2,181,835
Sales and marketing 29,406 521,781 78,255 727,023
Software delivery costs 364,982 99,926 602,005 158,654
Share-based compensation (Note 13) 375,919 275,788 884,322 478,008
Total operating loss (3,339,456) (6,218,504) (6,898,513) (8,806,281)
Finance expense (Note 12) (19,739) (52,468) (44,097) (137,629)
Change in fair value of warrant liability (Note 13) 133,052 3,887,287 361,049 (4,705,890)
Loss on note conversion   (2,762)   (118,544)
Net loss (3,226,143) (2,386,446) (6,581,561) (13,768,344)
Other comprehensive loss:        
Foreign currency transaction loss     (355,627)
Loss and comprehensive loss (3,226,143) (2,386,446) (6,581,561) (14,123,971)
Total other comprehensive loss attributable to:        
Shareholders     (317,875)
Non-controlling interest       (37,752)
Comprehensive income     (355,627)
Total comprehensive loss attributable to:        
Shareholders (2,740,734) (1,125,704) (5,322,635) (12,624,612)
Non-controlling interest (485,409) (1,260,742) (1,258,926) (1,499,358)
Comprehensive income net $ (3,226,143) $ (2,386,446) $ (6,581,561) $ (14,123,971)
Basic and diluted loss per common share attributable to Versus Systems Inc. (in Dollars per share) $ (0.13) $ (0.08) $ (0.28) $ (0.94)
Weighted average common shares outstanding (in Shares) 20,710,853 13,832,813 18,975,776 13,076,747