Versus Systems Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
FY2024 · Filed Mar 31, 2025
VS$0.79-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
Consolidated Statements of Operations and Comprehensive Loss
| Year Ended | Year Ended | |
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| ($) | ($) | |
| REVENUES | ||
| Revenues | $57,288 | $271,169 |
| Cost of revenues | 40,277 | 103,067 |
| Gross margin | 17,011 | 168,102 |
| EXPENSES | ||
| Research and development | 246,019 | 1,107,235 |
| Selling, general and administrative | 4,310,218 | 5,944,909 |
| Impairment of goodwill and other intangibles | - | 3,968,332 |
| Total operating expenses | 4,556,237 | 11,020,476 |
| Operating loss | (4,539,226) | (10,852,374) |
| Employee retention credit | - | 354,105 |
| Other income/(expense), net | (11,384) | (13,888) |
| Loss before provision for income taxes | (4,550,610) | (10,512,157) |
| Provision for income taxes | (24,226) | - |
| Net loss | (4,574,836) | (10,512,157) |
| Less: Net loss attributable to non-controlling interest | 532,505 | 985,160 |
| Net loss attributable to Versus Systems, Inc. Shareholders | (4,042,331) | (9,526,997) |
| Per share Data: | ||
| Basic and diluted loss per share to shareholders | (1.54) | (10.44) |
| Weighted average shares – basic and diluted | 2,628,226 | 912,717 |
| Comprehensive income (loss) | ||
| Net loss | (4,574,836) | (10,512,157) |
| Other comprehensive income (loss), net of tax | ||
| Change in foreign currency translation, net of tax | 70,372 | 93,317 |
| Total other comprehensive income | 70,372 | 93,317 |
| Total comprehensive loss | $(4,504,463) | $(10,418,840) |
| Less: comprehensive loss attributable to non-controlling interest | 532,505 | 985,160 |
| Comprehensive loss attributable to shareholders | $(3,971,958) | $(9,433,680) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.