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

Consolidated Statements of Loss and Comprehensive Loss

v3.22.1
Consolidated Statements of Loss and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Revenues $ 768,650 $ 1,390,018 $ 501,152
EXPENSES      
Amortization 304,904 240,820 246,626
Amortization of intangible assets 2,009,714 1,272,435 1,907,306
Consulting fees 582,998 465,252 613,608
Foreign exchange (gain) loss 1,087,110 24,719 29,241
Office and miscellaneous expenses 557,606 255,863 320,316
Interest expense 153,425 234,087 248,508
Professional fees 2,711,916 780,534 335,851
Salaries and wages 5,202,213 2,564,830 2,451,627
Sales and marketing 879,683 486,249 593,462
Software delivery costs 615,117 257,924 184,350
Share-based compensation 2,145,928 1,049,135 632,542
Total operating loss (15,481,964) (6,241,830) (7,062,287)
Finance expense (225,196) (276,602) (194,039)
Change in fair value of warrant liability (2,024,580)
Loss on disposal of marketable securities and notes payable (116,152) (378,718)
Other expense (13,890)
Net loss (17,847,892) (6,911,040) (7,256,326)
Other comprehensive loss:      
Foreign currency transaction loss (447,302) (266,048)
Loss and comprehensive loss (17,847,892) (7,358,342) (7,522,374)
Total other comprehensive loss attributable to:      
Shareholders (117,629) (344,516)
Non-controlling interest (329,673) 78,108
Comprehensive income (447,302) (266,408)
Comprehensive loss attributable to:      
Shareholders (14,399,072) (5,893,682) (5,521,772)
Non-controlling interest (3,448,820) (1,464,660) (2,000,962)
Comprehensive income net $ (17,847,892) $ (7,358,342) $ (7,522,734)
Basic and diluted loss per common share attributable to Versus Systems Inc. (in Dollars per share) $ (1.01) $ (0.59) $ (0.74)
Weighted average common shares outstanding (in Shares) 14,292,419 9,724,701 7,032,150