Versus Systems Inc

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

VS$0.84+3.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Balance Sheets

	December 31,	December 31,
	2023	2022
	($)	($)
ASSETS
Current assets
Cash	4,689,007	1,178,847
Receivables, net of allowance for credit losses (Note 5)	18,222	60,749
Prepaid expenses and other current assets	160,474	223,226
Total current assets	4,867,703	1,462,822
Restricted deposit (Note 6)	8,679	8,489
Deposits	-	100,000
Property and equipment, net (Note 7)	1,935	93,973
Intangible assets (Note 10)	-	6,393,364
Total Assets	4,878,317	8,058,648
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and accrued liabilities (Note 11, Note 12 and Note 14)	286,427	522,012
Deferred revenue	35,049	69,275
Notes payable - Related Party (Note 12)	-	2,604,713
Lease liability (Note 19)	-	128,560
Total current liabilities	321,476	3,324,560
Non-current liabilities
Total liabilities	321,476	3,324,560
Equity (Deficit)
Share capital (Note 13)
Class A shares, no par value. Unlimited authorized shares; 0 and 21 issued or outstanding, respectively	-	28,247
Common stock and additional paid in capital, no par value. Unlimited authorized shares; 2,506,015 and 260,761 shares issued and outstanding, respectively	147,130,123	136,860,283
Accumulated other comprehensive income	248,287	154,970
Deficit	(135,434,022)	(125,907,025)
	11,944,388	11,136,475
Non-controlling interest (Note 8)	(7,387,547)	(6,402,387)
	4,556,841	4,734,088
Total Liabilities and Equity	4,878,317	8,058,648

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.