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

Consolidated Statements of Loss and Comprehensive Loss

v3.23.1
Consolidated Statements of Loss and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Revenues $ 1,108,840 $ 768,650 $ 1,390,018
EXPENSES      
Amortization (Note 7) 273,309 304,904 240,820
Amortization of intangible assets (Note 10) 2,937,423 2,009,714 1,272,435
Consulting fees (Note 3) 861,924 582,998 465,252
Foreign exchange (gain) loss (45,985) 1,087,110 24,719
Impairment of goodwill and other intangibles (Note 9) 8,254,000
Office and miscellaneous expenses 1,011,693 557,606 255,863
Interest expense 122,992 153,425 234,087
Professional fees (Note 14) 1,041,293 2,711,916 780,534
Salaries and wages (Note 14) 5,923,782 5,202,213 2,564,830
Sales and marketing 144,057 879,683 486,249
Software delivery costs 1,079,387 615,117 257,924
Share-based compensation (Note 13) 1,567,583 2,145,928 1,049,135
Total operating loss (22,062,618) (15,481,964) (6,241,830)
Finance expense (Note 12) (60,770) (225,196) (276,602)
Change in fair value of warrant liability (Note 3) 361,055 (2,024,580)
Loss on disposal of marketable securities and notes payable (116,152) (378,718)
Other expense (13,890)
Net loss (21,762,333) (17,847,892) (6,911,040)
Other comprehensive loss:      
Foreign currency translation (gain) loss (154,970) 447,302
Loss and comprehensive loss (21,607,363) (17,847,892) (7,358,342)
Total other comprehensive loss attributable to:      
Shareholders (154,970) 117,629
Non-controlling interest 329,673
Comprehensive income (154,970) 447,302
Comprehensive loss attributable to:      
Shareholders (19,469,478) (14,399,072) (5,893,682)
Non-controlling interest (2,137,885) (3,448,820) (1,464,660)
Comprehensive income net $ (21,607,363) $ (17,847,892) $ (7,358,342)
Basic and diluted loss per common share attributable to Versus Systems Inc. (in Dollars per share) $ (11.63) $ (15.11) $ (8.85)
Weighted average common shares outstanding (in Shares) 1,660,370 952,828 648,313