Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Loss and Comprehensive Loss

v3.21.1
Consolidated Statements of Loss and Comprehensive Loss - CAD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Loss and Comprehensive Loss [Abstract]      
REVENUES $ 1,864,709 $ 664,922 $ 1,620
EXPENSES      
Cost of Sales 170
Amortization (Note 6) 323,060 327,221 29,642
Amortization of intangible assets (Note 8) 1,706,972 2,530,590 2,965,035
Consulting fees (Note 12) 624,136 814,128 1,177,405
Foreign exchange loss 33,160 38,797 147,273
Office and miscellaneous expenses 343,240 424,992 854,242
Interest expense 233,388 225,334 77,669
Interest expense on lease obligations (Note 17) 80,640 104,384  
Professional fees 1,047,086 445,603 621,979
Salaries and wages (Note 10 and 12) 3,440,720 3,252,789 2,074,554
Sales and marketing 652,303 787,398 199,412
Software and delivery costs 346,005 244,594 451,410
Share-based compensation (Note 11) 1,407,414 839,249 651,316
Operating loss (8,373,415) (9,370,157) (9,248,487)
Finance expense (Note 10) (371,061) (257,448) (125,903)
Loss on disposal of marketable securities (Note 11) (508,050)  
Other (expense) income (18,634) 1,219
Loss and comprehensive loss (9,271,160) (9,627,605) (9,373,171)
Loss and comprehensive loss attributable to:      
Shareholders (7,748,575) (6,869,121) (4,631,477)
Non-controlling interest (1,522,585) (2,758,484) (4,741,694)
Comprehensive income $ (9,271,160) $ (9,627,605) $ (9,373,171)
Basic and diluted loss per common share attributable to Versus Systems Inc. (in Dollars per share) $ (0.84) $ (0.98) $ (0.86)
Weighted average common shares outstanding (in Shares) 9,724,701 7,032,150 5,398,326