Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
| REVENUES | ||||
| Revenues | $ 22,950 | $ 316,819 | $ 236,953 | $ 891,236 |
| EXPENSES | ||||
| Amortization (Note 7) | 22,492 | 74,870 | 135,883 | 215,234 |
| Amortization of intangible assets (Note 10) | 611,186 | 629,108 | 1,983,137 | 1,896,787 |
| Consulting fees (Note 3) | 167,862 | 262,966 | 521,925 | 598,087 |
| Foreign exchange (gain) loss | (29,219) | (28,328) | 51,729 | (75,100) |
| Office and miscellaneous expenses | 172,528 | 292,753 | 516,530 | 711,968 |
| Interest expense | 16,615 | 29,155 | 61,528 | 96,205 |
| Professional fees (Note 14) | 97,712 | 168,686 | 414,799 | 836,327 |
| Salaries and wages (Note 14) | 719,481 | 1,528,149 | 2,715,260 | 4,586,199 |
| Sales and marketing | 42,715 | 24,234 | 122,690 | 102,489 |
| Software delivery costs | 127,258 | 261,739 | 432,913 | 863,744 |
| Share-based compensation (Note 13) | 1,909 | 371,266 | (1,154,308) | 1,255,588 |
| Total operating loss | (1,927,589) | (3,297,779) | (5,565,133) | (10,196,292) |
| Finance expense (Note 12) | (16,183) | (60,280) | ||
| Change in fair value of warrant liability (Note 3) | 6 | 361,055 | ||
| Employee Retention Credit | 354,105 | 354,105 | ||
| Other expense | (196,118) | (196,118) | ||
| Net loss | (1,573,484) | (3,510,074) | (5,211,028) | (10,091,635) |
| Other comprehensive loss: | ||||
| Foreign currency translation (gain) loss | 4,814 | (107,276) | (23,383) | (156,600) |
| Loss and comprehensive loss | (1,578,298) | (3,402,798) | (5,187,645) | (9,935,035) |
| Total other comprehensive loss attributable to: | ||||
| Shareholders | 4,814 | (107,276) | (23,383) | (156,600) |
| Non-controlling interest | ||||
| Comprehensive income | 4,814 | (107,276) | (23,383) | (156,600) |
| Total comprehensive loss attributable to: | ||||
| Shareholders | (1,362,340) | (2,974,733) | (4,570,099) | (8,248,044) |
| Non-controlling interest | (215,958) | (428,065) | (617,546) | (1,686,991) |
| Comprehensive income net | $ (1,578,298) | $ (3,402,798) | $ (5,187,645) | $ (9,935,035) |
| Basic loss per common share attributable to Versus Systems Inc. (in Dollars per share) | $ (0.13) | $ (1.79) | $ (0.46) | $ (5.87) |
| Weighted average common shares outstanding (in Shares) | 10,714,171 | 1,598,527 | 9,900,112 | 1,377,432 |
| X | ||||||||||
- Definition Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The comprehensive income from continuing operations attributable to non-controlling interests. [Refer: Comprehensive income from continuing operations; Non-controlling interests] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The gains (losses) recognised in other comprehensive income on change in value of foreign currency basis spreads, net of tax, before reclassification adjustments. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of other comprehensive income, net of tax, after reclassification adjustments, related to exchange differences when financial statements of foreign operations are translated. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'function of expense' form for its analysis of expenses. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of fees paid or payable for professional services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to the marketing and selling of goods or services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Share of the other comprehensive income of associates and joint ventures accounted for using the equity method that will not be reclassified to profit or loss, net of tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A class of employee benefits expense that represents wages and salaries. [Refer: Employee benefits expense] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of amortization. No definition available.
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- Definition Amount of amortization of intangible assets. No definition available.
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- Definition Change in fair value of warrant liability. No definition available.
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- Definition Amount of consulting fees. No definition available.
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- Definition Employee Retention Credit. No definition available.
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- References No definition available.
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- Definition The amount of costs associated with financing activities of the entity. No definition available.
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- Definition Foreign exchange loss. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Software delivery costs. No definition available.
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- References No definition available.
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- Definition The amount of all operating expenses. No definition available.
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