Versus Systems Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Apr 15, 2026
VS$0.79-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flow
| Year Ended · Year Ended | ||||
|---|---|---|---|---|
| December 31, 2025 · December 31, 2024 | ||||
| ($) · ($) | ||||
| OPERATING ACTIVITIES | ||||
| Net Loss | $(2,144,733) | $(4,574,836) | ||
| Adjustments to reconcile net loss to net cash: | ||||
| Amortization of property and equipment | - | 1,688 | ||
| Accretion of interest expense | - | 17,795 | ||
| Share-based compensation | 430,428 | 160,865 | ||
| Changes in accounts receivable | ||||
| Receivables | (836,000) | 18,222 | ||
| Prepaid expenses and other current assets | 380,972 | (300,493) | ||
| Deferred revenue | - | (35,049) | ||
| Accounts payable and accrued liabilities | 116,471 | (260,140) | ||
| Cash flows used in operating activities | (2,052,862) | (4,971,948) | ||
| INVESTING ACTIVITIES | ||||
| Development of intangible assets | (609,000) | - | ||
| Cash flows used in investing activities | (609,000) | - | ||
| FINANCING ACTIVITIES | ||||
| Proceeds from convertible debt – related party | - | 2,500,000 | ||
| Proceeds from warrant exercises | - | 885,003 | ||
| Payments of share and debt issuance costs | - | (106,768) | ||
| Cash flows from financing activities | - | 3,278,235 | ||
| Effect of foreign exchange | 123,336 | 70,620 | ||
| Change in cash and cash equivalents during the period | (2,538,526) | (1,623,093) | ||
| Cash and cash equivalents - Beginning of period | 3,065,914 | 4,689,007 | ||
| Cash and cash equivalents - End of period | $527,388 | $3,065,914 | ||
| Supplemental disclosures of cash flow | ||||
| Interest paid | $ | - | $ | - |
| Income taxes paid | $ | - | $ | - |
| Noncash investing and financing activities | ||||
| Debt converted into common stock and warrants | $ | - | $2,411,027 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.