Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest in Versus LLC

v3.25.3
Non-Controlling Interest in Versus LLC
9 Months Ended
Sep. 30, 2025
Non-Controlling Interest In Versus LLC [Abstract]  
NON-CONTROLLING INTEREST IN VERSUS LLC
4. NON-CONTROLLING INTEREST IN VERSUS LLC

 

The Company holds an 81.9% ownership interest in Versus LLC, a privately held limited liability company organized under the laws of the state of Nevada. The Company consolidates Versus LLC as a result of having full control over the voting shares. Versus LLC is a technology company that is developing a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players.

 

The net loss for Versus, LLC for the three month periods ended September 30, 2025 and 2024 was $(1,040,474) and $(361,134), respectively. The net loss attributable to the non-controlling interest for the three month periods ended September 30, 2025 and 2024 was $(188,326) and $(65,365), respectively. The net loss for Versus, LLC for the nine month periods ended September 30, 2025 and 2024 was $(799,924) and $(2,181,516), respectively. The net loss attributable to the non-controlling interest for the nine month periods ended September 30, 2025 and 2024 was $(144,786) and $(394,854), respectively.

 

The following table presents summarized financial information before intragroup eliminations for the non-wholly owned subsidiary as of September 30, 2025 and December 31, 2024, respectively.

 

    September 30,
2025
    December 31,
2024
 
Non-controlling interest percentage   18.1%     18.1%  
    ($)     ($)  
Assets            
Current     2,714,267       3,310,563  
Non-current     300,000      
-
 
      3,014,267       3,310,563  
                 
Liabilities                
Current     2,483       2,062  
Non-current     45,877,726       45,533,471  
      45,880,209       45,535,533  
Net liabilities     (42,865,942 )     (42,224,970 )
Non-controlling interest     (8,064,838 )     (7,920,052 )