Genius Group Limited (GNS) F-1 9 Sep 22 Registration statement (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021
Document and Entity Information [Abstract]
Document Type	F-1
Entity Registrant Name	Genius Group Ltd
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001847806
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 1,784,938	$ 2,273,151	[1]	$ 3,290,095	[1]	$ 2,737,889	[1]
Accounts receivable, net	1,018,003	948,341	[2]	1,263,849	[2]
Other receivables	66,000
Due from related parties	44,245	53,851	[2]	67,310	[2]
Inventories	92,530	112,543	[2]	119,516	[2]
Prepaid expenses and other current assets	3,490,446	1,548,717	[2]	1,065,035	[2]
Total Current Assets	6,496,162	4,936,603	[2]	5,805,805	[2]
Property and equipment, net	6,776,116	7,596,990	[2]	7,399,412	[2]	6,261,425
Operating lease right-of-use asset	1,077,241	1,663,881	[2]	2,194,073	[2]
Investments at fair value	29,069	29,076	[2]	28,526	[2]
Goodwill	1,320,100	1,209,953	[2]	1,209,953	[2]	1,209,953
Intangible assets, net	1,394,969	1,004,914	[2]	922,379	[2]
Other non-current assets	501,750	516,296	[2]
Total Assets	17,595,407	16,957,713	[2]	17,560,148	[2]
Current Liabilities
Accounts payable	1,078,381	821,820	[2]	486,871	[2]
Accrued expenses and other current liabilities	2,064,302	1,810,222	[2]	1,442,590	[2]
Deferred revenue	2,561,912	1,546,712	[2]	3,231,431	[2]
Lease liabilities, current	436,271	545,132	[2]	544,551	[2]
Loans payable - current portion	65,415	65,611	[2]	64,379	[2]
Loans payable - related parties - current portion	425,551	589,502	[2]	432,800	[2]
Convertible debt obligations, current portion	507,765
Total Current Liabilities	7,139,597	5,378,999	[2]	6,202,622	[2]
Operating lease liabilities - non-current portion	894,589	1,307,932	[2]	1,729,188	[2]
Loans payable - non-current portion	85,858	157,629	[2]	1,217,509	[2]
Convertible debt obligations, non-current portion	766,245	1,531,639	[2]	1,918,340	[2]
Deferred tax liability	723,122	875,425	[2]	736,645	[2]
Total Liabilities	9,609,411	9,251,624	[2]	12,229,451	[2]
Commitments and Contingencies Stockholders' Equity:
Contributed capital	50,924,276	50,630,439	[2]	26,846,043	[2]
Subscriptions receivable	(1,900,857)	(1,900,857)	[2]	(1,125,774)	[2]
Reserves	(31,888,638)	(32,112,799)	[2]	(13,844,404)	[2]
Accumulated deficit	(13,493,684)	(9,167,848)	[2]	(6,050,692)	[2]
Capital and reserves attributable to owners of Genius Group Ltd	3,641,097	7,448,935	[2]	5,330,697	[2]
Non controlling interest	4,344,899	257,154	[2]
Total Stockholders' Equity	7,985,996	7,706,089	[2]	5,330,697	[2]	$ 6,118,134
Total Liabilities and Stockholders' Equity	$ 17,595,407	$ 16,957,713	[2]	$ 17,560,148	[2]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenue		$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Cost of revenue		(10,020,804)	(4,134,108)	[1]	(5,024,302)	[1]
Gross profit		2,757,458	3,499,668	[1]	4,924,755	[1]
Operating (Expenses) Income
General and administrative		(7,211,204)	(6,151,221)	[1]	(7,102,720)	[1]
Depreciation and amortization		(38,864)	(40,906)	[1]	(47,537)	[1]
Other operating income		490,300	133,519	[1]	94,131	[1]
Loss from foreign currency transactions		(166,174)	(121,909)	[1]	31,704	[1]
Total operating expenses		(6,925,942)	(6,180,517)	[1]	(5,963,628)	[1]
Loss from Operations		(4,168,484)	(2,680,849)	[1]	(1,038,873)	[1]
(Expense) Income
Interest expense, net		(449,566)	(853,983)	[1]	(863,871)	[1]
Other income	[1]		411,763
Total Other Expense		(449,566)	(442,220)	[1]	(80,136)	[1]
Loss Before Income Tax		(4,618,050)	(3,123,069)	[1]	(1,119,009)	[1]
Income Tax Benefit (Expense)		128,852	(69,245)	[1]	(111,310)	[1]
Net Loss		(4,489,198)	(3,192,314)	[1]	(1,230,319)	[1]
Other comprehensive income:
Foreign currency translation		230,081	2,129,081	[1]	(308,172)	[1]
Total Comprehensive Loss		(4,259,117)	(1,063,233)	[1]	(1,538,491)	[1]
Total Comprehensive Loss is attributable to:
Owners of Genius Group Ltd		(4,085,158)	(1,006,037)	[1]	(1,538,491)	[1]
Non controlling interest		(173,959)	(57,196)	[1]
Total Comprehensive Loss		$ (4,259,117)	$ (1,063,233)	[1]	$ (1,538,491)	[1]
Weighted-average number of shares outstanding, basic		16,155,812	12,575,605	[1]	8,492,924	[1]
Weighted-average number of shares outstanding, diluted		16,155,812	12,575,605		8,492,924
Basic earnings (loss) per share from continuing operations		$ (0.28)	$ (0.25)	[1]	$ (0.14)	[1]
Diluted earnings (loss) per share from continuing operations		$ (0.28)	$ (0.25)		$ (0.14)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)		Issued capital [member]	Non-controlling interests [member]	Subscriptions Receivable	Reserve of exchange differences on translation [member]	Other reserves [member]	Treasury shares [member]	Retained earnings [member]	Total
Balance at the beginning, as restated at Dec. 31, 2018		$ 16,460,431			$ (14,895)	$ (5,123,337)	$ (132,501)	$ (5,071,564)	$ 6,118,134
Net loss								(1,230,319)	(1,230,319)	[1]
Foreign currency translation					(308,172)				(308,172)	[1]
Shares issued for cash		2,599,978							2,599,978
Shares issued for conversion of convertible notes		1,125,774		$ (1,125,774)
Shares issued for acquisition of Entrepreneur Resorts Ltd		6,400,000						398,748	6,798,748
Share based compensation		171,768							171,768
Adjustments to book value method	[2]					(8,398,000)			(8,398,000)
Balance at the end. at Dec. 31, 2019		26,846,043		(1,125,774)	(323,067)	(13,521,337)	(494,476)	(6,050,692)	5,330,697	[2]
Balance at the end at Dec. 31, 2019								(6,050,692)	5,330,697
Net loss								(3,192,315)	(3,192,315)	[1]
Foreign currency translation					2,129,081				2,129,081	[1]
Shares issued for cash		2,222,000							2,222,000
Shares issued for subscriptions receivable		915,763		(915,763)
Shares issued for conversion of convertible notes		2,664,004							2,664,004
Shares issued for acquisition of Entrepreneur Resorts Ltd		17,798,374							17,798,374
Eliminations on acquisition of Entrepreneur Resorts				140,680			$ 494,476		635,156
Shares issued in satisfaction of a liability, net of derivative liability		100,000							100,000
Non-controlling Interest		(314,350)	$ 257,154		(17,963)			75,159
Share based compensation		398,605							398,605
Adjustments to book value method	[1]					(20,379,513)			(20,379,513)
Balance at the end. at Dec. 31, 2020		50,630,439	257,154	(1,900,857)	1,788,051	(33,900,850)		(9,167,848)	7,706,089	[2]
Balance at the end at Dec. 31, 2020			257,154					(9,167,848)	7,706,089
Net loss								(4,489,198)	(4,489,198)
Foreign currency translation					230,081				230,081
Adjustment against capital and retained earnings						(16,517)			(16,517)
Shares issued for cash		3,127,442							3,127,442
Shares issued for conversion of convertible notes		181,175							181,175
Funds received for shares to be issued			953,087						953,087
Non-controlling Interest		(3,308,617)	3,134,658		10,597			163,362
Share based compensation		293,837							293,837
Balance at the end. at Dec. 31, 2021		$ 50,924,276	$ 4,344,899	$ (1,900,857)	$ 2,028,729	$ (33,917,367)		$ (13,493,684)	$ 7,985,996
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Dec. 31, 2021 USD ($)
Cash Flows From Operating Activities
Net loss	$ (4,489,198)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	293,837
Depreciation and amortization	1,574,913
Deferred tax liability	105,650
Amortization of debt discount	140,837
Provision for doubtful debts	(39,108)
Loss on foreign exchange transactions	153,692
Interest on lease liabilities	131,291
Changes in operating assets and liabilities:
Accounts receivable	(30,554)
Other receivable	(66,000)
Prepaid expenses and other current assets	(1,927,176)
Inventory	20,013
Accounts payable	256,562
Accrued expenses and other current liabilities	254,080
Deferred revenue	1,015,200
Deferred tax liability	(257,953)
Other non-current liabilities	(217,291)
Total adjustments	1,407,993
Net Cash Used In Operating Activities	(3,081,205)
Cash Flows From Investing Activities
Purchase of intangible assets	(804,314)
Purchase of equipment	(77,797)
Net Cash Used In Investing Activities	(882,111)
Cash Flows From Financing Activities
Amount due to/from related party	(154,345)
Proceeds from sale of future shares	953,087
Proceeds from equity issuances, net of issuance costs	3,127,442
Operating lease liability payments	(758,522)
Repayments of loans payable	(71,967)
Net Cash Provided By Financing Activities	3,095,695
Effect of Exchange Rate Changes on Cash	379,408
Net Increase (Decrease) In Cash	(488,213)
Cash - Beginning of year	2,273,151	[1]
Cash - End of year	1,784,938
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	202,176
Non-Cash Investing and Financing Activities
Shares issued for conversion of convertible notes	$ 293,837
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
	Dec. 31, 2020 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Shares Issued In Satisfaction Of Derivative Liability	$ 250,000

BUSINESS ORGANIZATION AND NATUR

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1 — BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Genius Group Ltd is a limited company incorporated on November 30, 2015 and domiciled in Singapore. The registered office and principal place of business of Genius Group Ltd is 8 Amoy Street, #01-01, Singapore 049950. Genius Group Ltd operates through its subsidiaries, GeniusU Ltd, which provides full entrepreneur education system business development tools and management consultancy services to entrepreneurs and Entrepreneur Resorts. Entrepreneur Resorts (“ERL”) was incorporated in Seychelles on May 9, 2017, and represent a group of resorts, retreats and co-working cafes for entrepreneurs. Entrepreneur Resorts owns resorts in Bali and South Africa which run entrepreneur retreats and workshops. It also owns Genius Café, an entrepreneur beach club in Bali, and Genius Central Singapore Pte Ltd, an entrepreneur co-working hub in Singapore. As of the January 1, 2020, Genius Group Ltd and Entrepreneur Resorts were held under the common control of a shared director (the “Director”). In July 2020, Genius Group Ltd acquired a majority interest in Entrepreneur Resorts to form a consolidated group. The accompanying consolidated financial statements of Genius Group Ltd and Entrepreneur Resorts, after elimination of all intercompany accounts and transactions, present the historical consolidated statements of financial positions, operations and comprehensive loss, changes in stockholders’ equity, and cash flows of the group. These consolidated financial statements have been derived from the accounting records of Genius Group Ltd and Entrepreneur Resorts and should be read in conjunction with the accompanying notes hereto. In January 2020, the World Health Organization declared the COVID 19 virus an international pandemic. The virus spread throughout the world with unfavorable stock market condition during the beginning of March 2020. During March 2020, multiple countries went into a national enforced shut down. These lock downs put significant strain on the world economy and on companies worldwide. The Company has taken measures to control costs and is emphasizing its digital business given these conditions. Specific cost savings and government support resulted in a decrease to operating expenses of $0.74 million contributed by ➢ Government Job Support Scheme $0.23 million which we received for Genius Central Singapore Pte Ltd (0.10 million), Wealth Dynamics Pte Ltd (0.02 million) and Tau Game Lodge (0.11 million) ➢ Rental waiver of $0.12 million for Genius Central Singapore ➢ Insurance support $0.10 million for our resort in South Africa which includes $0.08 million for Tau Game Lodge and 0.02 million for Matla Game Lodge ➢ Reduced or deferred salaries $0.29 million resulted in reduction of expense of $0.16 million for GeniusU, $0.02 million for Genius Group, $0.06 million for Entrepreneur Resorts Limited and $0.05 million for Tau Game Lodge. General cost reductions across the Group in response to COVID-19 of 5% reduced operating expenses by approximately $0.35 million. In 2021, the Group received government subsidies amounting to $490,300 reported under other operating income (Note 22). The imposed ‘lock down’ and associated social distancing measures have had a significant effect on economic activity and have hurt in particular businesses in the travel, entertainment and leisure sectors. To cater to this unprecedented pandemic scenario, governments across the globe have enacted many emergency funding and support schemes in order to alleviate the hopefully short-term liquidity difficulties encountered by businesses and individuals. Such measures include corporate guarantee and liquidity measures, deferral of state taxes and/or suspension for debt obligations, measures to allow businesses to implement forbearance and furlough measures while the employees receive reasonable proportion of salaries and benefits. The Company has been able to avail itself of such measures as available to it which has been of assistance to survive the financial impact of the pandemic.	NOTE 1 — BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Genius Group Ltd is a limited company incorporated on November 30, 2015 and domiciled in Singapore. The registered office and principal place of business of Genius Group Ltd is 8 Amoy Street, #01-01, Singapore 049950. Genius Group Ltd operates through its subsidiaries, GeniusU Ltd, which provides a full entrepreneur education system business development tools and management consultancy services to entrepreneurs and Entrepreneur Resorts. Entrepreneur Resorts were incorporated in Seychelles on May 9, 2017, and represent a group of resorts, retreats and co-working cafes for entrepreneurs. Entrepreneur Resorts owns resorts in Bali and South Africa which run entrepreneur retreats and workshops. It also owns Genius Café, an entrepreneur beach club in Bali, and Genius Central Singapore Pte Ltd, an entrepreneur co-working hub in Singapore. As of the December 31, 2019, Genius Group Ltd and Entrepreneur Resorts were held under the common control of a shared director (the “Director”). In July 2020, Genius Group Ltd acquired a majority interest in Entrepreneur Resorts to form a consolidated group. The accompanying consolidated financial statements of Genius Group Ltd and Entrepreneur Resorts, after elimination of all intercompany accounts and transactions, present the historical consolidated statements of financial positions, operations and comprehensive loss, changes in stockholders’ equity, and cash flows of the Company. These consolidated financial statements have been derived from the accounting records of Genius Group Ltd and Entrepreneur Resorts and should be read in conjunction with the accompanying notes hereto. In January 2020, the World Health Organization declared the COVID 19 virus an international pandemic. The virus spread throughout the world with unfavorable stock market condition during the beginning of March 2020. During March 2020, multiple countries went into a national enforced shut down. These lock downs put significant strain on the world economy and on companies worldwide. The Company has taken measures to control costs and is emphasizing its digital business given these conditions. Specific cost savings and government support resulted in a decrease to operating expenses of $0.74 million contributed by ● Government Job Support Scheme $0.23 million which we received for Genius Central Singapore Pte Ltd ( 0.10 million), Entrepreneurs Institute ( 0.02 million) and Tau Game Lodge ( 0.11 million) ● Rental waiver of $0.12 million for Genius Central Singapore ● Insurance support $0.10 million for our resort in South Africa which includes $0.08 million for Tau Game Lodge and 0.02 million for Matla Game Lodge ● Reduced or deferred salaries $0.29 million resulted in reduction of expense of $0.16 million for GeniusU, $0.02 million for Genius Group, $0.06 million for Entrepreneur Resorts Limited and $0.05 million for Tau Game Lodge. General cost reductions across the Group in response to COVID-19 of 5% reduced operating expenses by approximately $0.35 million. The imposed ‘lock down’ and associated social distancing measures have had a significant effect on economic activity and have hurt in particular businesses in the travel, entertainment and leisure sectors. To cater to this unprecedented pandemic scenario, governments across the globe have enacted many emergency funding and support schemes in order to alleviate the hopefully short-term liquidity difficulties encountered by businesses and individuals. Such measures include corporate guarantee and liquidity measures, deferral of state taxes and/or suspension for debt obligations, measures to allow businesses to implement forbearance and furlough measures while the employees receive reasonable proportion of salaries and benefits. The Company has been able to avail itself of such measures as available to it which has been of assistance to survive the financial impact of the pandemic.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD. Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through the use of its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred. Business Combinations The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as of the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as of the acquisition date. The measurement to fair value is included in profit or loss for the year. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising from the acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company has elected to account for common control business combinations using the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity, as if the acquisition had taken place at the beginning of the earliest period presented. On the acquisition date, the Company records any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholders’ Equity. Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements. Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available. Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less. Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in statement of operations and comprehensive loss. Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs. Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2021, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service. Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ➢ it is technologically feasible to complete the asset so that it will be available for use or sale. ➢ there is an intention to complete and use or sell it. ➢ there is an ability to use or sell it. ➢ it will generate probable future economic benefits. ➢ there are available technical, financial and other resources to complete the development and to use or sell the asset. ➢ the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ➢ first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ➢ then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase. Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ➢ Mandatorily at fair value through profit or loss; or ➢ Designated as of fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ➢ Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ➢ Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as of amortized cost or at fair value through other comprehensive income); or ➢ Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ➢ Amortized cost; ➢ Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ➢ Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ➢ the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as of fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as of fair value through other comprehensive income. The designation as of fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as of fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 27, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date. Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ➢ a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ➢ a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity. Leases The Company accounts for its various operating leases in accordance with adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ➢ the initial amount of the corresponding lease liability; ➢ any lease payments made at or before the commencement date; ➢ any initial direct costs incurred; ➢ any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ➢ less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and de	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD. Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through use its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred. Business Combinations (as restated) The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as at the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. Contingent liabilities are only included in the identifiable assets and liabilities of the acquiree where there is a present obligation at acquisition date. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as at acquisition date. The measurement to fair value is included in profit or loss for the year. Where the existing shareholding was classified as an available-for-sale financial asset, the cumulative fair value adjustments recognized previously to other comprehensive income and accumulated in stockholders’ equity are recognized in profit or loss as a reclassification adjustment. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising on acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company previously elected to account for common control business combinations using a modified acquisition method. This accounting policy was applied consistently to similar transactions. The Company’s policy was to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to restate the common control entity’s identifiable assets, liabilities and contingent liabilities to their fair values as of the acquisition date and record goodwill, similar to the acquisition method. The Company has changed its policy to correct its accounting for common control business combinations, from the modified acquisition method to the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity. Restatement of the Consolidated Financial Statements The Company has restated its consolidated financial statements as of and for the years ended December 31, 2020 and 2019 as a result of the correction to the policy for accounting for common control business combinations, as noted above. See Note 4 — Business Combinations. See Note 35 — Restatement of Previously Issued Audited Consolidated Financial Statements for additional information regarding the restatement adjustments made to the consolidated financial statements as a result of the above noted accounting policy correction for common control business combinations. Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements. Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available. Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less. Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in investment income. Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs. Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2019, the Company had $825,307 of construction in progress that had been placed into service in February 2020. As of December 31, 2020, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service. Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ● it is technically feasible to complete the asset so that it will be available for use or sale. ● there is an intention to complete and use or sell it. ● there is an ability to use or sell it. ● it will generate probable future economic benefits. ● there are available technical, financial and other resources to complete the development and to use or sell the asset. ● the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. In addition, Entrepreneurs Institute developed content, customer relationships, and trade names and trademarks were recognized as part of the acquisition accounting in August 2019, and Entrepreneur Resorts’ developed content, trade names and trademarks, and databases were recognized as part of the acquisition accounting in July 2020. Developed content is being amortized over ten years, and customer relationships and databases are being amortized over seven years. Trade names and trademarks have been determined to have an indefinite useful life. See Note 4 — Business Combinations. Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ● first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ● then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase. Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ● Mandatorily at fair value through profit or loss; or ● Designated as at fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ● Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ● Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as at amortized cost or at fair value through other comprehensive income); or ● Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ● Amortized cost; ● Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ● Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ● the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as at fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as at fair value through other comprehensive income. The designation as at fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as at fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof. Loans payable and convertible debt Loans payable are recognized when the Company becomes a party to the contractual provisions of the loan and are classified as financial liabilities subsequently measured at amortized cost. The loans are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. Interest expense, calculated on the effective interest method, is included in profit or loss. Borrowings expose the Company to liquidity risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date. Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ● a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ● a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different per

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 — RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Standards Standard/Interpretation Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 effective for periods beginning January 1, 2021 did not materially impact the Company’s consolidated financial statements. Recent Accounting Standards Not Yet Adopted ​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2021 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023 ​ The Company expects that the adoption of the standards above will have no material impact on the consolidated financial statements in the year of initial application.	NOTE 3 — RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Standards ​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to References to the Conceptual Framework in IFRS Standards ​ January 1, 2020 Amendments to FRS 1 and FRS 8 Definition of Material ​ January 1, 2020 Amendments to IFRS 3 Definition of a Business ​ January 1, 2020 Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform ​ January 1, 2020 Amendment to IFRS 16 COVID-19 Related Rent Concessions ​ June 1,2020 ​ The adoption of the standards above did not materially impact the Company’s consolidated financial statements. Recent Accounting Standards Not Yet Adopted ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation ​ beginning on or after Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 ​ January 1, 2021 Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2020 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023 ​ The Company expects that the adoption of the standards above will have no material impact on the consolidated financial statements in the year of initial application.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	NOTE 4 — BUSINESS COMBINATIONS Genius Group Ltd.’s Acquisition of Entrepreneur Resorts On July 17, 2020, Genius Group Ltd acquired 97.8% of the voting equity interest of Entrepreneur Resorts, an entity under common control with Genius Group Ltd, and its wholly-owned subsidiaries, for $30,997,810 of purchase consideration, made up of $30,997,810 of Genius Group Ltd ordinary shares. Entrepreneur Resorts operates entrepreneur resorts and cafes. Below is a summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954 ​ The difference between the purchase consideration and the total of net assets acquired amounts to $25,190,856 and is recorded under Reserves. The operating results of Entrepreneur Resorts were consolidated with Genius Group for the years ended December 31, 2020 on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneur Resorts for both years have been included in the consolidated statements of operations and comprehensive loss in full.	NOTE 4 — BUSINESS COMBINATIONS The Company continues to make acquisitions to accelerate the revenue and profitability growth of the Group, to add valuable assets to the Group portfolio, and to fulfill management’s vision for the business — in terms of both positive impact on customers and shareholder value. The Company believes that the acquisitions will further enhance the efficiency of the Group and will add value through synergies and leverage. Genius Group’s Acquisition of Entrepreneurs Institute (as restated) On August 30, 2019, Genius Group Ltd acquired 100% of the voting equity interest of Entrepreneurs Institute, an entity under common control with Genius Group Ltd, for $8,000,000 of purchase consideration, including $6,400,000 of Genius Group Ltd ordinary shares, $800,000 of cash and a $800,000 non-interest bearing note payable to the sellers with $400,000 payable on each of the first and second Below is a summary of the book value of the assets and liabilities associated with Entrepreneurs Institute at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash & equivalents $ 159,000 Accounts receivable ​ 984,000 Advances to affiliates ​ 830,000 Prepaid expenses ​ 468,000 Other assets ​ 9,000 Total acquired assets ​ 2,450,000 Less: Acquired liabilities Accounts payable ​ (566,000) Accrued expenses ​ (58,000) Deferred revenue ​ (2,224,000) Net assets acquired ​ $ (398,000) ​ The corrections as disclosed in Note 2 resulted in the following restatement adjustments. ● Assets and liability previously identified and recorded which have been removed:- ● Trade names and trademarks — $2,530,000 ● Developed content — $2,460,000 ● Customer relationships — $350,000 ● Goodwill — $3,655,567 ● Deferred tax liability — $597,567 ● The difference between the purchase consideration and the total of net assets acquired amounts to $8,398,000 and is recorded under Reserves. The operating results of Entrepreneurs Institute were consolidated with Genius Group for the year ended December 31, 2019, on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneurs Institute for the year have been included in the consolidated statements of operations and comprehensive loss in full. Entrepreneur Resorts’ Acquisition of Matla Game Lodge On August 22, 2019, Entrepreneur Resorts acquired 100% of the voting equity interest of Matla Game Lodge Proprietary Limited (“Matla”) for $1 of cash purchase consideration. Matla became one of the Genius Group Ltd campuses. The Company recognized a $1,060,795 bargain purchase gain on the acquisition date to the fact that the fair value of Matla’s net assets exceeded the purchase price. The seller agreed to sell the property for purchase consideration that was less than the property’s fair value because recurring losses resulting from operating restrictions imposed by the land lease had negatively impacted the seller’s cash flows. Entrepreneur Resorts management has determined that the impact of these operating restrictions on the Entrepreneur Resorts business are mitigated by synergies provided by Entrepreneur Resorts’ business association with Genius Group Ltd and the operation of Entrepreneur Resorts’ existing Tau Game lodge. Below is a summary of the fair value of the assets and liabilities associated with Matla at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash & equivalents ​ $ 14,759 Buildings ​ 975,008 Right of use asset ​ 166,925 Other property and equipment ​ 290,865 Other assets ​ 9,888 Total acquired assets ​ 1,457,445 Less: Acquired liabilities Accounts payable ​ (8,499) Lease liability ​ (166,925) Deferred tax liability ​ (218,402) Other liabilities ​ (2,824) Net assets acquired ​ $ 1,060,795 ​ Had Matla been consolidated from January 1, 2019, the consolidated statements of operations and comprehensive loss would have included revenue of $0.11 million and loss of $0.17 million (unaudited). Genius Group Ltd.’s Acquisition of Entrepreneur Resorts (as restated) On July 17, 2020, Genius Group Ltd acquired 97.8% of the voting equity interest of Entrepreneur Resorts, an entity under common control with Genius Group Ltd, and its wholly-owned subsidiaries, for $30,997,810 of purchase consideration, made up of $30,997,810 of Genius Group Ltd ordinary shares. The excess of the purchase consideration over the carrying value of Entrepreneur Resort’s assets and liabilities was charged off to capital reserves. Entrepreneur Resorts operates entrepreneur resorts and cafes. Below is a summary of the book value of the assets and liabilities associated with Entrepreneur Resorts at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954 ​ The corrections as disclosed in Note 2 resulted in the following restatement adjustments. ● Assets previously identified and recorded which have been removed:- ● Trademarks, Trade Names and Domain Names — $9,919,269 ● Developed Content — $3,769,322 ● Databases — $1,290,000 ● Asset and liability for which the amounts are restated:- ● Goodwill — from $14,991,931 to $1,209,953 ● Deferred tax liability — from $3,602,988 to $607,270 ● The difference between the purchase consideration and the total of net assets acquired amounts to $25,190,856 and is recorded under Reserves. The amounts recorded under Reserves in the Consolidated Statements of Changes in Stockholders’ Equity are reconciled as follows: ● During 2017, Entrepreneur Resorts Ltd acquired all of the issued shares of Entrepreneur Resorts Pte Ltd. This was a common control business combination. The difference between the purchase consideration and the net assets acquired was $5,123,337 , which is recorded against reserves prior to 2019 and is shown in the consolidated statement of changes in stockholders’ equity as the opening balance of Reserves As restated as at January 1, 2019. ● During 2020, Genius Group Ltd acquired 97.8% of the issued shares of Entrepreneur Resorts Ltd. This was a common control business combination. The difference between the purchase consideration and the net assets acquired was $25,190,856 . The amount of $5,123,337 referenced in the dot point above forms part of this difference, leaving a remaining amount of $20,067,519 . A foreign currency translation adjustment of $311,994 was recorded in relation to the transaction, resulting in the amount of $20,379,513 recorded under Reserves As restated in 2020. ● The difference between the consideration for the acquisition of $30,997,810 and the amount of $17,798,374 for ordinary shares issued for this acquisition is reconciled as follows: ● The Company’s policy for accounting for common control business combinations, as restated in Note 2, is to apply the book value method. In accordance with this policy, the financial statements for the pre-acquisition period are presented to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity. ● As such, the issued value of Entrepreneur Resorts contributed capital immediately prior to the acquisition of $ 13,199,436 was included in the consolidated financial statements of the Pre- IPO Group as part of contributed capital immediately prior to the acquisition. ● For the consideration for the acquisition of Entrepreneur Resorts, Genius Group Ltd issued shares to Entrepreneur Resorts shareholders with a total value of $30,997,810 . The transaction was a swap of Genius Group Ltd shares for Entrepreneur Resorts shares. As $13,199,436 of contributed capital of Entrepreneur Resorts was already included in consolidated contributed capital of the Pre-IPO Group, we have recognized only the difference in value of $17,798,374 as the net increase in contributed capital on a consolidated basis. ● On consolidation as at December 31, 2020, the contributed capital of Entrepreneur Resorts in the amount of $13,199,436 was eliminated along with Genius Group Ltd’s shareholding in Entrepreneur Resorts of $30,997,810 . As such, the issued value of Genius Group Ltd shares from the transaction of $30,997,810 forms part of total Contributed Capital as at December 31, 2020. The difference on elimination of $17,798,374 forms part of reserves as a result of the application of the book method for the business combination. The combination of these eliminations results in the full elimination of $30,997,810 . The operating results of Entrepreneur Resorts were consolidated with Genius Group for the years ended December 31, 2019 and 2020 on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneur Resorts for both years have been included in the consolidated statements of operations and comprehensive loss in full.

DUE FROM RELATED PARTY

DUE FROM RELATED PARTY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DUE FROM RELATED PARTY
DUE FROM RELATED PARTY	NOTE 5 — DUE FROM RELATED PARTY Due from related parties at December 31, 2021 and 2020 represents non-operational amounts receivable from entities that are controlled by a director of the Company. The receivables are unsecured, bear no interest and are due on demand.	NOTE 5 — DUE FROM RELATED PARTY Due from related parties at December 31, 2020 and 2019 represents amounts receivable from entities that are controlled by a director of the Company. The receivables are unsecured, bear no interest and are due on demand.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
INVENTORIES	NOTE 6 — INVENTORIES As of December 31, 2021 and 2020 inventories consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Food and beverage ​ $ 38,500 ​ $ 42,694 Merchandise ​ 51,777 ​ 59,943 Consumables ​ 2,253 ​ 9,906 Total inventories ​ $ 92,530 ​ $ 112,543 ​	NOTE 6 — INVENTORIES As of December 31, 2020 and 2019 inventories consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Food and beverage ​ $ 42,694 ​ $ 47,224 Merchandise ​ 59,943 ​ 65,098 Consumables ​ 9,906 ​ 7,194 Total inventories ​ $ 112,543 ​ $ 119,516 ​

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PREPAID EXPENSES AND OTHER CURRENT ASSETS
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 7 — PREPAID EXPENSES AND OTHER CURRENT ASSETS As of December 31, 2021 and 2020, prepaid expenses and other current assets consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Prepaid expenses $ 3,349,990 $ 1,305,088 Deposits ​ ​ 59,925 ​ ​ 226,189 Other receivables ​ 80,531 ​ 17,440 Total ​ $ 3,490,446 ​ $ 1,548,717 ​	NOTE 7 — PREPAID EXPENSES AND OTHER CURRENT ASSETS As of December 31, 2020 and 2019, prepaid expenses and other current assets consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Prepaid expenses $ 1,305,088 $ 832,280 Deposits ​ ​ 226,189 ​ ​ 223,718 Other receivables ​ 17,440 ​ 9,037 Total ​ $ 1,548,717 ​ $ 1,065,035 ​

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 8 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Accumulated ​ Carrying ​ ​ ​ ​ Accumulated ​ Carrying ​ Cost Depreciation Value Cost Depreciation Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings ​ 4,401,241 ​ (989,085) ​ 3,412,156 ​ 4,625,408 ​ (674,781) ​ 3,950,627 Leasehold property ​ 4,261,623 ​ (2,770,810) ​ 1,490,813 ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 Plant and machinery ​ 136,692 ​ (87,050) ​ 49,642 ​ 164,137 ​ (79,453) ​ 84,684 Furniture and fixtures ​ 537,964 ​ (330,476) ​ 207,488 ​ 466,277 ​ (276,904) ​ 189,373 Motor vehicles ​ 320,103 ​ (281,587) ​ 38,516 ​ 341,906 ​ (248,580) ​ 93,326 Office equipment ​ 26,287 ​ (19,528) ​ 6,759 ​ 23,599 ​ (13,164) ​ 10,435 IT equipment ​ 113,790 ​ (88,274) ​ 25,516 ​ 113,790 ​ (80,800) ​ 32,990 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Spa equipment, curtains, crockery, glassware and linen ​ 255,434 ​ (196,926) ​ 58,508 ​ 255,434 ​ (161,724) ​ 93,710 ​ ​ $ 11,554,308 ​ $ (4,768,192) ​ $ 6,776,116 ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ Reconciliation of property and equipment — 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings ​ 3,950,627 ​ ​ ​ — ​ (215,291) ​ ​ ​ (323,180) ​ 3,412,156 Leasehold Property ​ 1,655,129 ​ ​ ​ — ​ 9,777 ​ — ​ (174,093) ​ 1,490,813 Plant & Machinery ​ 84,685 ​ 9,981 ​ — ​ (37,427) ​ ​ ​ (7,597) ​ 49,642 Furniture and Fixtures ​ 189,372 ​ 65,128 ​ — ​ 6,558 ​ ​ ​ (53,570) ​ 207,488 Motor Vehicles ​ 93,325 ​ — ​ — ​ (21,803) ​ ​ ​ (33,006) ​ 38,516 Office Equipment ​ 10,435 ​ 2,688 ​ — ​ — ​ ​ ​ (6,364) ​ 6,759 IT Equipment ​ 32,989 ​ — ​ — ​ — ​ ​ ​ (7,473) ​ 25,516 Spa Equipment, curtains, crockery, glassware and linen ​ 93,710 ​ — ​ — ​ ​ ​ ​ ​ (35,202) ​ 58,508 ​ ​ $ 7,596,990 ​ $ 77,797 ​ $ — ​ $ (258,186) ​ $ — ​ $ (640,485) ​ $ 6,776,116 ​ Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ ​ 1,486,718 Buildings ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ 825,307 ​ — ​ — ​ ​ ​ (825,307) ​ — ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 ​	NOTE 8 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ ​ ​ ​ As restated ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost Accumulated Value ​ ​ Accumulated Carrying ​ ​ As restated ​ Depreciation ​ As restated ​ Cost ​ Depreciation ​ Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings, as restated ​ 4,625,408 ​ (674,781) ​ 3,950,627 ​ 3,774,580 ​ (344,035) ​ 3,430,545 Leasehold property ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 ​ 3,373,869 ​ (2,354,975) ​ 1,018,894 Plant and machinery ​ 164,137 ​ (79,453) ​ 84,684 ​ 167,428 ​ (71,509) ​ 95,919 Furniture and fixtures ​ 466,277 ​ (276,904) ​ 189,373 ​ 450,618 ​ (219,166) ​ 231,452 Motor vehicles ​ 341,906 ​ (248,580) ​ 93,326 ​ 356,094 ​ (220,244) ​ 135,850 Office equipment ​ 23,599 ​ (13,164) ​ 10,435 ​ 23,700 ​ (10,909) ​ 12,791 IT equipment ​ 113,790 ​ (80,800) ​ 32,990 ​ 113,630 ​ (71,190) ​ 42,440 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Construction in progress ​ ​ — ​ ​ — ​ ​ — ​ ​ 825,307 ​ ​ — ​ ​ 825,307 Spa equipment, curtains, crockery, glassware and linen. ​ 255,434 ​ (161,724) ​ 93,710 ​ 257,094 ​ (137,598) ​ 119,496 ​ ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ $ 10,833,494 ​ $ (3,434,082) ​ $ 7,399,412 ​ Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance As restated Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings, as restated ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ ​ 825,307 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ (825,307) ​ ​ — ​ ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 ​ Reconciliation of property and equipment — 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Revaluation Depreciation Balance Land ​ ​ 1,486,453 ​ ​ 265 ​ ​ — ​ ​ ​ ​ ​ — ​ — ​ ​ 1,486,718 Buildings ​ 3,448,091 ​ 147,815 ​ — ​ ​ ​ ​ ​ (165,361) ​ 3,430,545 Leasehold Property ​ 832,002 ​ 706,146 ​ — ​ ​ ​ ​ ​ (519,254) ​ 1,018,894 Plant & Machinery ​ 13,390 ​ 93,074 ​ (3,309) ​ ​ ​ ​ ​ (7,236) ​ 95,919 Furniture and Fixtures ​ 239,759 ​ 14,372 ​ — ​ ​ ​ ​ ​ (22,679) ​ 231,452 Motor Vehicles ​ 74,055 ​ 70,791 ​ — ​ ​ ​ ​ ​ (8,996) ​ 135,850 Office Equipment ​ 1,359 ​ 16,658 ​ (214) ​ ​ ​ ​ ​ (5,012) ​ 12,791 IT Equipment ​ 36,015 ​ 18,682 ​ — ​ ​ ​ ​ ​ (12,257) ​ 42,440 Construction in progress ​ — ​ 825,307 ​ — ​ ​ ​ ​ ​ — ​ 825,307 Spa Equipment, curtains, crockery, glassware and linen ​ 130,301 ​ 8,928 ​ (22) ​ ​ ​ ​ ​ (19,711) ​ 119,496 ​ ​ $ 6,261,425 ​ $ 1,902,038 ​ $ (3,545) ​ $ — ​ $ — ​ $ (760,506) ​ $ 7,399,412 ​

RIGHT OF USE ASSET AND LEASE LI

RIGHT OF USE ASSET AND LEASE LIABILITY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
RIGHT OF USE ASSET AND LEASE LIABILITY	NOTE 9 — RIGHT OF USE ASSET AND LEASE LIABILITY Net carrying amounts of right-of-use assets The carrying amounts of right-of-use assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (117,959) ​ (39,007) Accumulated depreciation on right of use assets ​ (1,233,934) ​ (726,246) Right of use asset, net. ​ $ 1,077,241 ​ $ 1,663,881 ​ During the year ended December 31, 2021, the Company recorded depreciation of right-of-use assets of $507,688 (2020 — $491,185) which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. Lease liabilities The maturity analysis of lease liabilities is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Within one year ​ $ 436,270 ​ $ 545,132 Two to five years ​ 298,594 ​ 660,034 Thereafter ​ 9,007,645 ​ 9,924,141 ​ ​ 9,742,509 ​ 11,129,307 Less: finance charges component ​ (8,411,649) ​ (9,276,243) ​ ​ $ 1,330,860 ​ $ 1,853,064 Lease liabilities, current ​ $ 436,271 ​ $ 545,132 Lease liabilities, non-current ​ 894,589 ​ 1,307,932 ​ ​ $ 1,330,860 ​ $ 1,853,064 ​ The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.25%.	NOTE 9 — RIGHT OF USE ASSET AND LEASE LIABILITY Net carrying amounts of right-of-use assets The carrying amounts of right-of-use assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (39,007) ​ — Accumulated depreciation on right of use assets ​ (726,246) ​ (235,061) Right of use asset, net. ​ $ 1,663,881 ​ $ 2,194,073 ​ During the year ended December 31, 2020, the Company recorded depreciation of right-of-use assets of $491,185 (2019 — $235,061) which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. Lease liabilities The maturity analysis of lease liabilities is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Within one year ​ $ 545,132 ​ $ 544,551 Two to five years ​ 660,034 ​ 1,214,787 Thereafter ​ 9,924,141 ​ 15,534,632 ​ ​ 11,129,307 ​ 17,293,970 Less: finance charges component ​ (9,276,243) ​ (15,020,231) ​ ​ $ 1,853,064 ​ $ 2,273,739 Lease liabilities, current ​ $ 545,132 ​ $ 544,551 Lease liabilities, non-current ​ 1,307,932 ​ 1,729,188 ​ ​ $ 1,853,064 ​ $ 2,273,739 ​ The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.25%.

INVESTMENTS AT FAIR VALUE

INVESTMENTS AT FAIR VALUE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS AT FAIR VALUE
INVESTMENTS AT FAIR VALUE	NOTE 10 — INVESTMENTS AT FAIR VALUE As of December 31, 2021 and 2020, investments at fair value consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Investments in YouGo World ​ $ 28,698 ​ $ 28,698 Other investments ​ 371 ​ 378 Total ​ $ 29,069 ​ $ 29,076 ​ On September 11, 2017, the Company entered into an agreement to purchase a 2.5% interest in yougo.world ltd., a start-up company focusing on mixed reality platforms, content and services. The investment was funded in 2018.	NOTE 10 — INVESTMENTS AT FAIR VALUE As of December 31, 2020 and 2019, investments at fair value consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Investments in YouGo World ​ $ 28,698 ​ $ 28,155 Other investments ​ 378 ​ 371 Total ​ $ 29,076 ​ $ 28,526 ​ On September 11, 2017, the Company entered into an agreement to purchase a 2.5% interest in yougo.world ltd., a start-up company focusing on mixed reality platforms, content and services. The investment was funded in 2018.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GOODWILL
GOODWILL	NOTE 11 — GOODWILL Changes in goodwill are as follows during the years ended December 31, 2021 and 2020: ​ ​ ​ ​ ​ Balance as of January 1, 2020 $ 1,209,953 Additions – ​ — Balance as of December 31, 2020 ​ $ 1,209,953 Additions – foreign currency translation ​ 110,147 Balance as of December 31, 2021 ​ $ 1,320,100 ​ See Note 4 — Business Combinations for additional details related to the Entrepreneur Resorts goodwill. Goodwill is allocated to the Company’s cash-generating units. The recoverable amounts of these cash- generating units have been determined based on value in use calculations. Other assumptions included in value in use calculations are closely linked to entity-specific key performance indicators. Management believes that any reasonably possible change in the key assumptions on which recoverable amounts are based would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the cash- generating units.	NOTE 11 — GOODWILL (as restated) Changes in goodwill are as follows during the years ended December 31, 2020, and 2019: ​ ​ ​ ​ ​ Balance as of December 31, 2018, as restated ​ 1,209,953 Additions – ​ — Balance as of December 31, 2019, as restated ​ $ 1,209,953 Additions – ​ — Balance as of December 31, 2020, as restated ​ $ 1,209,953 ​ See Note 4 — Business Combinations for additional details related to the Entrepreneurs Institute and Entrepreneur Resorts goodwill. Goodwill is allocated to the Company’s cash-generating units. The recoverable amounts of these cash- generating units have been determined based on value in use calculations. Other assumptions included in value in use calculations are closely linked to entity-specific key performance indicators. Management believes that any reasonably possible change in the key assumptions on which recoverable amounts are based would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the cash- generating units.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTANGIBLE ASSETS
INTANGIBLE ASSETS	NOTE 12 — INTANGIBLE ASSETS The Company’s intangible assets consist of costs incurred in connection with the development of the Company’s digital education software platform. A reconciliation of intangible assets for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2020 Additions ​ Intangibles Expense Translation 2021 GeniusU software platform $ 2,007,182 $ 804,314 $ — $ — ​ — $ 2,811,496 Trademarks ​ 13,234 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (1,015,502) ​ — ​ — ​ (424,080) ​ 9,821 ​ (1,429,761) Net carrying value ​ $ 1,004,914 ​ $ 804,314 ​ $ — ​ $ (424,080) ​ $ 9,821 ​ $ 1,394,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions Intangibles Expense Translation 2020 GeniusU software platform $ 1,563,193 $ 424,530 ​ ​ $ — $ 19,459 $ 2,007,182 Trademarks ​ ​ ​ — ​ $ 13,234 ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ During the years ended December 31, 2021 and 2020, the Company recorded amortization of intangible assets in the amount of $424,080 and $359,822 respectively, which is included in cost of revenue on the accompanying statements of operations and comprehensive loss.	NOTE 12 — INTANGIBLE ASSETS (as restated) The Company’s intangible assets consist of costs incurred in connection with the development of the Company’s digital education software platform. A reconciliation of intangible assets for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions ​ Intangibles Expense Translation 2020, as restated Trademarks $ — $ — $ 13,234 $ — $ — $ 13,234 GeniusU software platform ​ $ 1,563,193 ​ $ 424,530 ​ $ — ​ $ — ​ $ 19,459 ​ $ 2,007,182 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2018 Additions Intangibles Expense Translation 2019, as restated GeniusU software platform $ 1,103,705 $ 423,959 $ — $ — $ 35,529 $ 1,563,193 Accumulated Amortization ​ (358,067) ​ ​ ​ ​ ​ (268,499) ​ (14,248) ​ (640,814) Net carrying value ​ $ 745,638 ​ $ 423,959 ​ $ — ​ $ (268,499) ​ $ 21,281 ​ $ 922,379 ​ During the years ended December 31, 2020 and 2019, the Company recorded amortization of intangible assets in the amount of $359,822 and $268,499 respectively, which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. See Note 4 — Business Combinations for additional details related to the Entrepreneurs Institute and Entrepreneur Resorts acquisitions.

DEFERRED TAX ASSETS AND LIABILI

DEFERRED TAX ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED TAX ASSETS AND LIABILITIES
DEFERRED TAX ASSETS AND LIABILITIES	NOTE 13 — DEFERRED TAX ASSETS AND LIABILITIES Deferred tax assets and (liabilities) as of December 31, 2021 and 2020 and the related activity for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Other ​ Provision For ​ December 31, ​ ​ 2020 Comprehensive Income Income Taxes 2021 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ ​ — ​ ​ — ​ ​ — ​ $ — Property, plant, and equipment ​ ​ (979,612) ​ ​ — ​ ​ 96,537 ​ $ (883,075) Other ​ (8,431) ​ ​ ​ ​ 8,431 ​ $ — ​ ​ (988,043) ​ — ​ 104,968 ​ (883,075) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ — ​ — ​ ​ — ​ $ — Prepaid expenses ​ (11,849) ​ — ​ (5,346) ​ $ (17,195) Other (Section 24C allowance) ​ 26,452 ​ 23,451 ​ 116 ​ $ 50,019 ​ ​ 14,603 ​ 23,451 ​ (5,230) ​ 32,824 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ — ​ — ​ ​ — ​ $ — Income in Advance ​ 98,015 ​ — ​ 29,114 ​ $ 127,129 Tax Losses ​ — ​ — ​ — ​ $ — Net deferred tax assets and (liabilities) ​ $ (875,425) ​ $ 23,451 ​ $ 128,852 ​ $ (723,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Recognized In ​ Recognized In ​ Balance ​ ​ 2019, as ​ Business ​ Provision For ​ December 31, ​ ​ restated ​ Combinations Income Taxes ​ 2020 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (1,005,005) ​ (69,537) ​ 94,930 ​ (979,612) Other ​ — ​ — ​ (8,431) ​ (8,431) ​ ​ (1,005,005) ​ — ​ 86,499 ​ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ (11,849) Other (Other) ​ — ​ — ​ 26,452 ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ ​ (174,963) ​ ​ — ​ ​ 280,070 ​ — ​ (182,056) ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Unused tax losses for which no deferred tax assets has been recognized ​ $ (9,982,291) ​ $ (6,155,623) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (2,050,255) ​ $ (1,305,245) ​ Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s financial statements as of December 31, 2021 and 2020. No tax audits were commenced or were in process during the years ended December 31, 2021 and 2020 and no tax related interest or penalties were incurred during those years.	NOTE 13 — DEFERRED TAX ASSETS AND LIABILITIES (as restated) Deferred tax assets and (liabilities) as of December 31, 2020 and 2019 and the related activity for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2019, as restated Combinations Income Taxes 2020, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ ​ (1,005,005) ​ ​ (69,537) ​ ​ 94,930 ​ ​ (979,612) Other ​ — ​ ​ ​ ​ (8,431) ​ $ (8,431) ​ ​ (1,005,005) ​ (69,537) ​ 86,499 ​ $ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ ​ (11,849) Other (Other) ​ ​ — ​ ​ — ​ ​ 26,452 ​ ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ (174,963) ​ ​ — ​ ​ ​ 280,071 ​ ​ — ​ ​ (182,056) ​ ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Recognized In ​ Recognized In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2018 ​ Combinations Income Taxes ​ 2019, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (853,231) ​ (218,402) ​ 66,628 $ (1,005,005) Other ​ — ​ — ​ — $ — ​ ​ (853,231) ​ (218,402) ​ 66,628 ​ (1,005,005) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ ​ — ​ ​ — ​ ​ — ​ $ — Prepaid expenses ​ ​ (1,536) ​ ​ — ​ ​ 1,536 ​ $ — Other (Section 24C allowance) ​ (70,427) ​ — ​ 58,718 $ (11,709) ​ ​ (71,963) ​ — ​ 60,254 ​ (11,709) Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ ​ — ​ ​ — ​ ​ — ​ $ — Income in Advance ​ 117,378 ​ — ​ (12,270) $ 105,108 Tax Losses ​ 373,618 ​ ​ ​ ​ (198,656) ​ $ 174,963 ​ ​ 490,996 ​ ​ ​ (210,926) ​ 280,071 Net deferred tax assets and (liabilities) ​ $ (434,198) ​ $ (218,402) ​ $ (84,044) ​ $ (736,645) ​ Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 2019 Unused tax losses for which no deferred tax assets has been recognized ​ $ (6,155,623) ​ $ (4,044,750) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (1,305,245) ​ $ (768,413) ​ Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s financial statements as of December 31, 2020 and 2019. No tax audits were commenced or were in process during the years ended December 31, 2020 and 2019 and no tax related interest or penalties were incurred during those years.

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS	NOTE 14 — OTHER NON-CURRENT ASSETS As of December 31, 2021, other non-current assets amounting to $501,750 (2020- $516,296) consists of a deposit on a proposed acquisition of University of Antelope Valley.	NOTE 14 — OTHER NON-CURRENT ASSETS As of December 31, 2020, other non-current assets amounting to $516,296 consists of a deposit on a proposed acquisition of University of Antelope Valley.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES As of December 31, 2021, and 2020, accrued expenses and other current liabilities consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Accrued expenses ​ $ 390,138 ​ $ 233,842 North West Parks Board ​ ​ 1,177,050 ​ ​ 1,049,515 Other taxation payable ​ 33,314 ​ 104,368 VAT ​ 48,493 ​ 28,271 Derivative liability ​ 250,000 ​ 250,000 Sundry payables ​ 165,307 ​ 144,226 Total ​ $ 2,064,302 ​ $ 1,810,222 ​ The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease.	NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES As of December 31, 2020 and 2019, accrued expenses and other current liabilities consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Accrued expenses ​ $ 233,842 ​ $ 275,258 North West Parks Board ​ ​ 1,049,515 ​ ​ 986,516 Other taxation payable ​ 104,368 ​ 135,381 VAT ​ 28,271 ​ 33,938 Derivative liability ​ 250,000 ​ — Sundry payables ​ 144,226 ​ 11,497 Total ​ $ 1,810,222 ​ $ 1,442,590 ​ The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease. The Derivative liability is explained at Note 17 — Loans Payable.

DEFERRED REVENUE

DEFERRED REVENUE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED REVENUE
DEFERRED REVENUE	NOTE 16 — DEFERRED REVENUE As of December 31, 2021, and 2020, deferred revenue consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Advance bookings for lodges ​ $ 293,716 ​ $ 379,305 Educational revenue paid in advance ​ ​ 1,630,723 ​ ​ 1,026,700 Other prepaid income ​ 638,473 ​ 140,707 Total ​ $ 2,561,912 ​ $ 1,546,712 ​ An analysis of contractual obligations is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Deferred revenue, beginning ​ $ 1,546,712 ​ $ 3,231,431 Addition ​ 1,773,994 ​ 1,220,972 Usage ​ (758,794) ​ (2,905,691) Deferred revenue, ending ​ $ 2,561,912 ​ $ 1,546,712 ​	NOTE 16 — DEFERRED REVENUE As of December 31, 2020 and 2019, deferred revenue consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Advance bookings for lodges ​ $ 379,305 ​ $ 399,291 Educational revenue paid in advance ​ ​ 1,026,700 ​ ​ 2,724,427 Other prepaid income ​ 140,707 ​ 107,713 Total ​ $ 1,546,712 ​ $ 3,231,431 ​

LOANS PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE
LOANS PAYABLE	NOTE 17 — LOANS PAYABLE As of December 31, 2021 and 2020, loans payable consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2020 Loans payable – current portion ​ $ 65,415 ​ $ 65,611 Loans payable – non-current portion ​ ​ 85,858 ​ ​ 157,629 Total ​ $ 151,273 ​ $ 223,240 ​ In September of 2019, the Company obtained lines of credit in the aggregate amount of S$400,000 (approximately $296,912 at the 2019 exchange rate) for working capital and business expansions requirements, which the Company drew down on in full. Loans in the amount of S$100,000 (approximately $74,228 at the 2019 exchange rate) shall be repaid over 36 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 8% per annum plus a margin of 0.88%, subject to adjustment. The Company has the option to prepay the loan before its maturity date, subject to a fee of 6.88% if paid within twelve months from the drawdown date. Loans in the amount of S$300,000 (approximately $222,684 at the 2019 exchange rate) shall be repaid over 60 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 6.25% per annum, subject to adjustment. The loans are secured by personal guarantees of the Director. During the year ended December 31, 2021, the Company repaid an aggregate of S$91,063, approximately $67,220 at the 2021 exchange rate (2020 — S$84,614, approximately $61,379 at the 2020 exchange rate) of principal plus the respective accrued interest.	NOTE 17 — LOANS PAYABLE As of December 31, 2020 and 2019, loans payable consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Loans payable – current portion ​ $ 65,611 ​ $ 64,379 Loans payable – non-current portion ​ ​ 157,629 ​ ​ 1,217,509 Total ​ $ 223,240 ​ $ 1,281,888 ​ In 2017, the Company purchased shares of an entity for consideration of $4,000,000, settled by payment of $2,500,000 in cash and through the issuance of an unsecured loan in the amount of $1,500,000 which bears interest at rates per annum as agreed upon by the parties from time to time. During the year ended December 31, 2019, the Company repaid $ 500,000 $250,000 In September of 2019, the Company obtained lines of credit in the aggregate amount of S$400,000 (approximately $296,912 at the 2019 exchange rate) for working capital and business expansions requirements, which the Company drew down on in full. Loans in the amount of S$100,000 (approximately $74,228 at the 2019 exchange rate) shall be repaid over 36 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 8% per annum plus a margin of 0.88%, subject to adjustment. The Company has the option to prepay the loan before its maturity date, subject to a fee of 6.88% if paid within twelve months from the drawdown date. Loans in the amount of S$300,000 (approximately $222,684 at the 2019 exchange rate) shall be repaid over 60 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 6.25% per annum, subject to adjustment. The loans are secured by personal guarantees of the Director. During the year ended December 31, 2020, the Company repaid an aggregate of S$84,614, approximately $61,379 at the 2020 exchange rate (2019 — S$20,241, approximately $15,024 at the 2019 exchange rate) of principal plus the respective accrued interest. In 2020, loans amounting to $400,000 were settled by the creditor in favor of the Company.

LOANS PAYABLE - RELATED PARTIES

LOANS PAYABLE - RELATED PARTIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE - RELATED PARTIES
LOANS PAYABLE - RELATED PARTIES	NOTE 18 — LOANS PAYABLE — RELATED PARTIES Loans from related parties as of December 31, 2021 and 2020 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Loan payable to related parties for the acquisition of Wealth Dynamics ​ ​ ​ ​ ​ ​ Current portion ​ $ 425,551 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ — Subtotal ​ 425,551 ​ 400,000 Other loans payable to related parties, current ​ — ​ 189,502 Total loans payable to related parties ​ $ 425,551 ​ $ 589,502 ​ The loan payable to related parties for the acquisition of Entrepreneurs Institute is non-interest bearing, with $400,000 payable on each of the first and second anniversaries of the acquisition date. Other loans payable to related parties represent unsecured loans from shareholders, which bear no interest and are payable on demand. The Company pays fees to Entrepreneurs Institute Australia Pty Ltd (“EIA”), an Australian company controlled and ultimately owned by Roger Hamilton and Sandra Morrell, directors of the Group. The total in 2021 was $319,464 (2020:$509,415). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. EIA on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable. The Company pays fees to GeniusU Web Services India Pvt Ltd (“GU India”), an Indian company controlled and ultimately owned by Suraj Naik, an employee of the Group, and a family member of Suraj Naik. The total in 2021 was $162,930 (2020:$215,871). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. GU India on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable.	NOTE 18 — LOANS PAYABLE — RELATED PARTIES Loans from related parties as of December 31, 2020 and 2019 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Loan payable to related parties for the acquisition of Entrepreneurs Institute ​ ​ ​ ​ ​ ​ Current portion ​ $ 400,000 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ 400,000 Subtotal ​ 400,000 ​ 800,000 Other loans payable to related parties, current ​ 189,502 ​ 32,800 Total loans payable to related parties ​ $ 589,502 ​ $ 832,800 ​ The loan payable to related parties for the acquisition of Entrepreneurs Institute is non-interest bearing, with $400,000 payable on each of the first and second anniversaries of the acquisition date. Other loans payable to related parties represent unsecured loans from shareholders, which bear no interest and are payable on demand. The Company pays fees to Entrepreneurs Institute Australia Pty Ltd (“EIA”), an Australian company controlled and ultimately owned by Roger Hamilton and Sandra Morrell, directors of the Group. The total in 2020 was $319,464 (2019:$509,415). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. EIA on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable. The Company pays fees to GeniusU Web Services India Pvt Ltd (“GU India”), an Indian company controlled and ultimately owned by Suraj Naik, an employee of the Group, and a family member of Suraj Naik. The total in 2020 was $162,930 (2019:$215,871). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. GU India on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable.

CONVERTIBLE DEBT OBLIGATIONS

CONVERTIBLE DEBT OBLIGATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONVERTIBLE DEBT OBLIGATIONS
CONVERTIBLE DEBT OBLIGATIONS	NOTE 19 — CONVERTIBLE DEBT OBLIGATIONS As of December 31, 2021, and 2020, the Company’s convertible obligations consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Convertible debt obligations, beg, gross ​ $ 1,531,639 ​ $ 1,918,340 Converted to equity ​ (257,629) ​ (386,701) Deferred debt discount ​ — ​ — Convertible debt obligations, end, net ​ $ 1,274,010 ​ $ 1,531,639 Convertible debt obligations, current portion ​ $ 507,765 ​ $ 1,531,639 Convertible debt obligations, non-current portion ​ $ 766,245 ​ $ 1,531,639 ​ During the year ended December 31, 2020, Genius Group Ltd issued 36-month convertible loans in the principal amount of $1,819,145 which bear interest at rates between 10% to 12% per annum, payable quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes”). The convertible notes are convertible at the end of the term at the market price of the Company’s ordinary shares. Additionally, in connection with the convertible note issuances, the Company incurred $36,383 of debt issuance costs which are being accounted for as interest expenses. During the year ended 2019, Entrepreneur Resorts issued 36-month convertible loans in the principal amount of $2,256,178 which bear interest at rates between 10% to 12% per annum, payable monthly, quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes). The 2019 Convertible Notes are convertible upon Entrepreneur Resorts listing on the Australian Stock Exchange at a price equal to 70% of the initial listing price on the Australian Stock Exchange. The Company bifurcated the conversion option as a derivative liability with a fair value of $783,735 with a debit to deferred debt discount to be amortized over the term of the 2019 Convertible Notes. Additionally, in connection with the 2019 Convertible Note issuances, the Company incurred $134,152 of debt issuance costs which are being accounted for as debt discount and being amortized over the term of the 2019 Convertible notes. During the year ended December 31, 2020, the Company recognized amortization of debt discount of $322,947 During the year ended December 31, 2021, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $161,500 and $6,170 of accrued interest were converted into 13,306 GeniusU Limited ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a GeniusU Limited ordinary share at the time of conversion, or between $10 and $15 per GeniusU Limited ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2021 Convertible Notes to equity. During the year ended December 31, 2021, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $47,884 and $229 of accrued interest were converted into 13,487 Entrepreneurs Resorts Ltd ordinary shares and 1,003 GeniusU Limited ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of Entrepreneur Resorts Ltd and GeniusU Limited ordinary share at the time of conversion. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in an aggregate principal amount of $992,813 were converted into 496,408 shares of Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts at an exercise price equal to the fair value of an Entrepreneur Resorts ordinary share at the time of conversion, or $2.00 per Entrepreneur Resorts ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $739,160 and $111 of accrued interest were converted into 19,605 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $891,400 and $23,016 of accrued interest were converted into 25,652 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2020 Convertible Notes to equity.	NOTE 19 — CONVERTIBLE DEBT OBLIGATIONS As of December 31, 2020 and 2019, the Company’s convertible obligations consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Convertible debt obligations, gross ​ $ 1,531,639 ​ $ 2,256,178 Deferred debt discount ​ — ​ (337,838) Convertible debt obligations, net ​ $ 1,531,639 ​ $ 1,918,340 ​ During the year ended December 31, 2020, Genius Group Ltd issued 36-month convertible loans in the principal amount of $1,819,145 which bear interest at rates between 10% to 12% per annum, payable quarterly, annually or at maturity depending upon the convertible note (the “2020 Convertible Notes”). The convertible notes are convertible at the end of the term at the market price. Additionally, in connection with the convertible note issuances, the Company incurred $36,383 of debt issuance costs which are being accounted for as interest expenses. During the year ended 2019, Entrepreneur Resorts issued 36-month convertible loans in the principal amount of $2,256,178 which bear interest at rates between 10% to 12% per annum, payable monthly, quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes). The 2019 Convertible Notes are convertible upon Entrepreneur Resorts listing on the Australian Stock Exchange at a price equal to 70% of the initial listing price on the Australian Stock Exchange. The Company bifurcated the conversion option as a derivative liability with a fair value of $783,735 with a debit to deferred debt discount to be amortized over the term of the 2019 Convertible Notes. Additionally, in connection with the 2019 Convertible Note issuances, the Company incurred $134,152 of debt issuance costs which are being accounted for as debt discount and being amortized over the term of the 2019 Convertible Notes. During the years ended December 31, 2019 and 2020, the Company recognized amortization of debt discount of $580,049 and $322,960 respectively as interest expense. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $992,813 were converted into 496,408 shares of Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts at an exercise price equal to the fair value of an Entrepreneur Resorts ordinary share at the time of conversion, or $2.00 per Entrepreneur Resorts ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $739,160 and $111 of accrued interest were converted into 19,605 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $891,400 and $23,016 of accrued interest were converted into 25,652 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2020 Convertible Notes to equity.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EQUITY
EQUITY	NOTE 20 — EQUITY Contributed Capital The company has 16,155,810 shares issued and outstanding . Equity Issued During the years ended December 31, 2021 and 2020, the Company issued ordinary shares for gross cash proceeds of $3,127,442 and $2,222,000, respectively. During the year ended December 31, 2021, the Company issued GeniusU Limited ordinary shares with a value of $3,308,617 (2020 - $0) in exchange of cash and conversion from loan to equity. Company also issued Entrepreneur Resorts Limited ordinary shares with a value of $953,087 (2020 - $0) in exchange of cash and conversion from loan to equity. During the year ended December 31, 2020, the Company issued Genius Group Ltd ordinary shares with a value of $30,997,810 in exchange for Entrepreneur Resorts shares with a contributed capital value of $13,199,435 to Entrepreneur Resorts shareholders in connection with the 2020 acquisition of Entrepreneur Resorts. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. See below for discussions regarding additional equity issuances. Shares Issued Related to Debt Conversions During the year December 31, 2021, convertible debt obligations consisting of $177,689 (2020-$1,671,188) of principal and accrued interest were converted into GeniusU Limited shares pursuant to conversion offers extended by Genius Group Ltd and Entrepreneur Resorts Limited. See Note 19 — Convertible Debt Obligations for additional information. During the year December 31, 2021, convertible debt obligations consisting of $37,085 (2020-$992,816) of principal and accrued interest were converted into Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts. See Note 19 — Convertible Debt Obligations for additional information. Shares Issued in Satisfaction of a Liability During the year December 31, 2020, the Company issued $350,000 of Genius Group Ltd ordinary shares as partial settlement of a loan with the seller of Tau Game Lodge. See Note 17 — Loans Payable for additional information. Derivative liability In an agreement dated December 13, 2020, the Company granted a put option over shares issued in satisfaction of a liability. If the option is exercised the Company will be required to buy back the shares for $250,000. See Note 15 - Accrued expenses for additional information. Stock-Based Compensation On December 31, 2020, options for the purchase of 233,501 Entrepreneur Resorts ordinary shares were exercised in exchange for a subscription receivable in the amount of $140,680. During the year ended December 31, 2021, the Company granted options for the purchase of 14,306 (2020 — 12,238) Genius Group Ltd ordinary shares equivalent to 85,836 (2020 — 73,428) shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $181,559 (2020 — $101,731). The options vest two years from the date of grant and are exercisable upon vesting at $34.87 (2020 — $34.87) per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2021, options for the purchase of 12,238 Genius Group Ltd ordinary shares (equivalent to 73,428 shares after giving retroactive effect to the 6 for 1 stock split in April 2021) were exercised in exchange for a subscription receivable in the amount of $433,783. The Company values stock options using the Black-Scholes option pricing model and used the following assumptions during the reporting periods: ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2021 2020 ​ Risk-free interest rate ​ 0.73 % 0.13 % Contractual term (years) 1-3 2.00 ​ Expected volatility 66.00 % 42.00 % Expected dividends 0.00 % 0.00 % ​ A summary of the option activity during the year ended December 31, 2021 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2021 73,428 5.81 1.00 97,782 Granted 85,836 5.81 2 Exercised — — — — Expired — — — — Outstanding Dec 31, 2021 159,264 5.81 1.00 ​ The following table presents information related to options outstanding at December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2021 ​ $ 5.81 85,836 Genius Group 1 n/a ​ The Company recorded stock-based compensation in the amount of $394,717 and $398,605 during the years ended December 31, 2021 and 2020, respectively, in connection with the amortization of the grant date value of the stock options and the value of deferred salary share grants in response to the impact of Covid-19. As of December 31, 2021, there was $159,265 (2020-$75,434) of unamortized stock-based compensation.	NOTE 21 — EQUITY Contributed Capital Equity Issued During the years ended December 31, 2020 and 2019, the Company issued ordinary shares for gross cash proceeds of $2,222,000 and $2,599,978, respectively. During the year ended December 31, 2020, the Company issued Genius Group Ltd ordinary shares with a value of $30,997,810 in exchange for Entrepreneur Resorts shares with a contributed capital value of $13,199,435 to Entrepreneur Resorts shareholders in connection with the 2020 acquisition of Entrepreneur Resorts. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. During the year ended December 31, 2019, the Company issued Genius Group Ltd ordinary shares valued at $6,400,000 to the seller in connection with the 2019 acquisition of Entrepreneurs Institute. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. See below for discussions regarding additional equity issuances. Shares Issued Related to Debt Conversions During the year December 31, 2020, convertible debt obligations consisting of $1,671,188 of principal and accrued interest were converted into Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd. See Note 19 — Convertible Debt Obligations for additional information. During the year December 31, 2020, convertible debt obligations consisting of $992,816 of principal and accrued interest were converted into Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts. See Note 19 — Convertible Debt Obligations for additional information. Shares Issued in Satisfaction of a Liability During the year December 31, 2020, the Company issued $350,000 of Genius Group Ltd ordinary shares as partial settlement of a loan with the seller of Tau Game Lodge. See Note 17 — Loans Payable for additional information. Derivative liability In an agreement dated December 13, 2020 the Company granted a put option over shares issued in satisfaction of a liability. If the option is exercised the Company will be required to buy back the shares for $250,000. See Note 17 – Loans Payable for additional information. Subscriptions Receivable On December 31, 2019, an entity owned by the Company’s Chief Executive Officer purchased 25,507 Genius Group Ltd ordinary shares (equivalent to 153,042 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021) in exchange for a $668,214 subscription receivable. Also, see Stock-Based Compensation below. Stock-Based Compensation In January 2018, the Company granted options for the purchase of 20,317 GeniusU Pte Ltd ordinary shares (equivalent to 121,902 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $91,941. The options vested on December 31, 2019 and were exercisable upon vesting at $15.45 per share. The Company funds the exercise price as a non-interest- bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2019, the Company issued 20,317 GeniusU Pte Ltd ordinary shares (equivalent to 121,902 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021) in exchange for a subscription receivable of $ Agreed to previously issued F-1in connection with the exercise of stock options. In January 2018, the Company granted options for the purchase of 233,501 Entrepreneur Resorts ordinary shares, with a grant date value of $88,213. The options vested on December 31, 2019 and were exercisable upon vesting at $1.30 per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2019, options for the purchase of 233,501 Entrepreneur Resorts ordinary shares were exercised in exchange for a subscription receivable in the amount of $140,680. During the year ended December 31, 2020, the Company granted options for the purchase of 12,238 (2019 — 42,913) Genius Group Ltd ordinary shares equivalent to 73,428 (2019 — 257,478) shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $101,731 (2019 — $210,930). The options vest two years from the date of grant and are exercisable upon vesting at $34.87 (2019 — $21.34) per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2020, options for the purchase of 42,913 Genius Group Ltd ordinary shares (equivalent to 257,478 shares after giving retroactive effect to the 6 for 1 stock split in April 2021) were exercised in exchange for a subscription receivable in the amount of $915,763. The Company values stock options using the Black-Scholes option pricing model and used the following assumptions during the reporting periods: ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2020 2019 ​ Risk-free interest rate ​ 0.13 % 2.50 % Contractual term (years) 2.00 2.00 ​ Expected volatility 42.00 % 39.00 % Expected dividends 0.00 % 0.00 % ​ A summary of the option activity during the years ended December 31, 2020 and 2019 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2018 253,818 2.43 1.00 119,667 Granted 257,478 3.56 0.00 0 Exercised (253,818) 2.43 0.00 0 Expired ​ 0 ​ 0.00 ​ 0.00 ​ 0 Outstanding Dec 31, 2019 ​ 257,478 ​ 3.56 ​ 1.00 ​ 580,613 Granted ​ 73,428 ​ 5.81 ​ 0.00 ​ 0 Exercised ​ (257,478) ​ 0.00 ​ 0.00 ​ 0 Expired 0 0.00 0.00 0 Outstanding Dec 31, 2020 73,428 5.81 1.00 97,782 ​ The following table presents information related to options outstanding at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2019 ​ $ 3.56 ​ 257,478 ​ Genius Group ​ n/a ​ n/a 2020 ​ $ 5.81 73,428 Genius Group n/a n/a ​ The Company recorded stock-based compensation in the amount of $398,605 and $171,768 during the years ended December 31, 2020 and 2019, respectively, in connection with the amortization of the grant date value of the stock options and the value of deferred salary share grants in response to the impact of Covid-19. As of December 31, 2020, there was $75,434 of unamortized stock-based compensation. Reserves Reserves represent the excess of the purchase consideration over the carrying value of the assets and liabilities acquired in common control acquisitions. See Note 4 — Business Combinations. Treasury Stock During the years ended December 31, 2020 and 2019, the Company repurchased ordinary shares for $0 and $656,513 of cash consideration, respectively. During the years ended December 31, 2020 and 2019, the Company resold ordinary shares for gross proceeds of $0 and $382,630, respectively. Other During the years ended December 31, 2020 and 2019, Entrepreneurs Institute paid $0 and $147,557 of dividends, respectively.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
REVENUES	NOTE 21 — REVENUES The breakdown of revenues for the years ended December 31, 2021 and 2020 are shown below. The revenue is disaggregated into the categories the Company believes depict how and the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 3,102,210 ​ $ 1,280,320 – Rendering of services. ​ — ​ 735,246 Campus sub-total ​ 3,102,210 ​ 2,015,566 Education Revenue ​ ​ – Digital. ​ 9,676,052 ​ 5,298,227 – In-Person. ​ — ​ 319,983 Education sub-total ​ 9,676,052 ​ 5,618,210 Total Revenue ​ $ 12,778,262 ​ $ 7,633,776 ​ The Company applies the practical expedient in paragraph 121.b of IFRS 15 and does not disclose information about its remaining performance obligations because the Company has a right to consideration from its customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date.	NOTE 22 — REVENUES The breakdown of revenues for the years ended December 31, 2020 and 2019 are shown below. The revenue is disaggregated into the categories the Company believes depict how and the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 1,280,320 ​ $ 1,796,961 – Rendering of services. ​ 735,246 ​ 2,635,035 Campus sub-total ​ 2,015,566 ​ 4,431,996 Education Revenue ​ ​ ​ ​ – Digital. ​ 5,298,227 ​ 4,771,253 – In-Person. ​ 319,983 ​ 745,808 Education sub-total ​ 5,618,210 ​ 5,517,061 Total Revenue ​ $ 7,633,776 ​ $ 9,949,057 ​ The Company applies the practical expedient in paragraph 121.b of IFRS 15 and does not disclose information about its remaining performance obligations because the Company has a right to consideration from its customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date.

OTHER OPERATING INCOME

OTHER OPERATING INCOME	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER OPERATING INCOME
OTHER OPERATING INCOME	NOTE 22 — OTHER OPERATING INCOME For the years ended December 31, 2021 and 2020, other operating income consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Other income ​ $ — ​ $ 133,519 Subsidy from Government ​ ​ 499,300 ​ ​ — ​ ​ $ 499,300 ​ $ 133,519 ​	NOTE 23 — OTHER OPERATING INCOME For the years ended December 31, 2020 and 2019, other operating income consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Administration and management fees received ​ $ — ​ $ 12,458 Other income ​ ​ 133,519 ​ ​ 81,673 ​ ​ $ 133,519 ​ $ 94,131 ​

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GENERAL AND ADMINISTRATIVE EXPENSES
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 23 — GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the years ended December 31, 2021 and 2020 include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Consulting and professional services ​ $ 660,117 ​ $ 424,891 Marketing ​ 73,277 ​ 72,942 Rent expense ​ 250,994 ​ 144,423 Repairs and maintenance ​ 11,144 ​ 103,152 Salaries, wages, bonuses and other benefits ​ 4,197,397 ​ 3,031,485 Travel ​ 13,356 ​ 13,356 Utilities ​ 142,019 ​ 112,027 Other ​ 1,151,991 ​ 1,314,430 Development charges ​ 456,180 ​ 378,010 Stock-based compensation ​ 293,837 ​ 394,717 Provision for doubtful debts ​ (39,108) ​ 161,788 Total general and administrative expenses ​ $ 7,211,204 ​ $ 6,151,221 ​	NOTE 24 — GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the years ended December 31, 2020 and 2019 include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Consulting and professional services ​ $ 424,891 ​ $ 606,738 Marketing ​ 72,942 ​ 814,873 Rent expense ​ 144,423 ​ 457,735 Repairs and maintenance ​ 103,152 ​ 120,023 Salaries, wages, bonuses and other benefits ​ 3,031,485 ​ 3,538,114 Travel ​ 13,356 ​ 447,383 Utilities ​ 112,027 ​ 85,319 Other ​ 1,314,430 ​ 499,834 Development charges ​ 378,010 ​ 360,933 Stock-based compensation ​ 394,717 ​ 171,768 Provision for doubtful debts ​ 161,788 ​ — Total general and administrative expenses ​ $ 6,151,221 ​ $ 7,102,720 ​

INTEREST EXPENSE, NET

INTEREST EXPENSE, NET	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTEREST EXPENSE, NET
INTEREST EXPENSE, NET	NOTE 24 — INTEREST EXPENSE, NET For the years ended December 31, 2021 and 2020, the Company earned interest income and incurred interest expense as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Interest (expense) income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ (74,081) ​ $ 55,649 Total interest (expense) income ​ (74,081) ​ 55,649 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 131,291 Other interest paid – loans ​ 103,357 ​ 455,394 Amortization of debt discount ​ 140,837 ​ 322,947 Total interest expense/ finance costs ​ 375,485 ​ 909,632 Total interest (expense), net ​ $ (449,566) ​ $ (853,983) ​	NOTE 25 — INTEREST EXPENSE, NET For the years ended December 31, 2020 and 2019, the Company earned interest income and incurred interest expense as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Interest income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ 55,649 ​ $ 1,996 Other financial assets – loans ​ — ​ 102,431 Total interest income ​ 55,649 ​ 104,427 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 122,190 Other interest paid – loans ​ 455,394 ​ 266,059 Amortization of debt discount ​ 322,947 ​ 580,049 Total interest expense/ finance costs ​ 909,632 ​ 968,298 Total interest (expense) income, net ​ $ (853,983) ​ $ (863,871) ​

INCOME TAX EXPENSE

INCOME TAX EXPENSE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX EXPENSE
INCOME TAX EXPENSE	NOTE 25 — INCOME TAX EXPENSE The Company is subject to income taxes in the countries of Indonesia, Singapore, and South Africa. The provision for income taxes consists of the following provisions (benefits): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current tax: ​ ​ ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ — ​ ​ — ​ — Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ (29,230) ​ 155,603 Decrease in deferred tax liabilities ​ (99,622) ​ (86,358) ​ ​ (128,852) ​ 69,245 (Benefit from) Provision for income taxes, as previously reported ​ $ (128,852) ​ $ 69,245 ​ The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Income (loss) from continuing operations before provision for income taxes ​ $ (4,618,050) ​ $ (3,123,070) Tax at the Singapore rate of 17% ​ $ (785,069) ​ $ (530,922) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 31,272 ​ 39,478 Current period net operating losses not recognized as a deferred tax asset ​ 743,997 ​ 407,519 Rate differential – non-Singapore entities ​ (55,045) ​ (24,305) Other deferred tax activity ​ ​ (64,007) ​ 177,474 Provision for income taxes ​ $ (128,852) ​ $ 69,245 ​	NOTE 27 — INCOME TAX EXPENSE (as restated) The Company is subject to income taxes in the countries of Indonesia, Singapore, and South Africa. The provision for income taxes consists of the following provisions (benefits): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 ​ ​ As restated ​ As restated Current tax: ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ 27,265 ​ ​ — ​ 27,265 Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ 155,603 ​ 210,926 Decrease in deferred tax liabilities ​ (86,358) ​ (126,881) ​ ​ 69,245 ​ 84,045 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310 ​ The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2020 and 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 ​ ​ As restated Income (loss) from continuing operations before provision for income taxes ​ $ (3,123,070) ​ $ (1,119,009) Tax at the Singapore rate of 17% ​ $ (530,922) ​ $ (190,232) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 39,478 ​ 91,519 Usage of unrecorded net operating loss deferred tax asset ​ ​ — ​ ​ (316,226) Current period net operating losses not recognized as a deferred tax asset ​ 407,519 ​ 272,204 Rate differential – non-Singapore entities ​ (24,305) ​ 188,728 Reversal of deferred tax liability ​ ​ — ​ ​ — Other deferred tax activity ​ ​ 177,474 ​ 65,317 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310 ​

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 26 — EARNINGS PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Basic loss per share from continuing operations ​ $ (0.28) ​ $ (0.25) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss ​ $ (4,489,198) ​ $ (3,192,314) Non-controlling Interest ​ (173,959) ​ (75,159) Loss attributable to ordinary shareholders ​ $ (4,663,157) ​ $ (3,117,155) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 16,155,812 ​ 9,742,998 Issued in current year ​ — ​ 6,412,812 Issued at the end of the year ​ 16,155,812 ​ 16,155,812 Weighted average ​ 16,155,812 ​ 12,575,605 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 7,138,140 ​	NOTE 28 — EARNINGS PER SHARE (as restated) ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 Basic loss per share from continuing operations, as restated ​ $ (0.25) ​ $ (0.14) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss, as restated ​ $ (3,192,314) ​ $ (1,230,319) Non-controlling Interest ​ 75,159 ​ — Loss attributable to ordinary shareholders, as restated ​ $ (3,117,155) ​ $ (1,230,319) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 9,742,998 ​ 7,926,570 Issued in current year ​ 6,412,812 ​ 1,816,428 Issued at the end of the year ​ 16,155,812 ​ 9,742,998 Weighted average ​ 12,575,605 ​ 8,492,924 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 377,928 ​

FAIR VALUE INFORMATION

FAIR VALUE INFORMATION	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE INFORMATION
FAIR VALUE INFORMATION	NOTE 27 — FAIR VALUE INFORMATION Fair value hierarchy The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows: Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date. Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. As of December 31, 2021, and 2020, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 1,784,938 ​ $ — ​ $ — ​ $ 1,784,938 Accounts receivable ​ — ​ 1,018,003 ​ — ​ 1,018,003 Other Receivable ​ ​ ​ ​ ​ ​ ​ ​ 66,000 ​ ​ ​ Due from related parties ​ — ​ 44,245 ​ — ​ 44,245 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,069 ​ 29,069 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ Accounts payable ​ — ​ 1,078,381 ​ — ​ 1,078,381 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 151,273 ​ — ​ 151,273 Loans payable, related parties ​ — ​ 425,551 ​ — ​ 425,551 Lease liabilities ​ — ​ 1,330,860 ​ — ​ 1,330,860 Convertible debt obligations, net ​ — ​ 1,274,010 ​ — ​ 1,274,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ ​ — ​ $ 2,273,151 Accounts receivable ​ ​ — ​ ​ 948,341 ​ ​ — ​ ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ ​ 250,000 Loans payable ​ ​ — ​ ​ 223,240 ​ ​ — ​ ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ ​ 1,531,639 ​	NOTE 29 — FAIR VALUE INFORMATION Fair value hierarchy The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows: Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date. Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. During the year ended December 31, 2019, the Company recognized a gain on the change in fair value of derivative liabilities of $783,785 related to the mark-to-market of the bifurcated conversion options of convertible notes issued during 2019. See Note 19, Convertible Debt Obligations, for additional details. No gain or loss on the change in fair value was recorded for year ended December 31, 2020. As of December 31, 2020 and 2019, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ $ — ​ $ 2,273,151 Accounts receivable ​ — ​ 948,341 ​ — ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 223,240 ​ — ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ 1,531,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 3,290,095 ​ $ — ​ ​ — ​ $ 3,290,095 Accounts receivable ​ ​ — ​ ​ 1,263,849 ​ ​ — ​ ​ 1,263,849 Due from related parties ​ — ​ 67,310 ​ — ​ ​ 97,310 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 28,526 ​ ​ 28,526 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 486,871 ​ — ​ ​ 486,871 Loans payable ​ ​ — ​ ​ 1,281,888 ​ ​ — ​ ​ 1,281,888 Loans payable, related parties ​ — ​ 832,800 ​ — ​ ​ 832,800 Lease liabilities ​ — ​ 2,273,739 ​ — ​ ​ 2,273,739 Convertible debt obligations, net ​ — ​ 1,918,340 ​ — ​ ​ 1,918,340 ​

FINANCIAL RISK MANAGEMENT

FINANCIAL RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT	NOTE 28 — FINANCIAL RISK MANAGEMENT The Company’s activities expose it to certain financial risks mainly related to: ➢ market risk (currency risk, interest rate risk and price risk); ➢ credit risk, and ➢ liquidity risk. The board of directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The board has established the risk committee, which is responsible for developing and monitoring the Company’s risk management policies. The committee reports quarterly to the board of directors on its activities. The Group’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Group’s board of directors oversees how management monitors compliance with the risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. Market risk Interest rate risk Fluctuations in interest rates impact on the value of investments and financing activities, giving rise to interest rate risk. The debt of the Company is comprised of different instruments, which bear interest at either fixed or floating interest rates. The ratio of fixed and floating rate instruments in the loan portfolio is monitored and managed, by incurring either variable rate bank loans or fixed rate bonds as necessary. Interest rate swaps are also used where appropriate, in order to convert borrowings into either variable or fixed, in order to manage the composition of the ratio. Interest rates on all borrowings compare favorably with those rates available in the market. The Company policy with regards to financial assets, is to invest cash at floating rates of interest and to maintain cash reserves in short-term investments in order to maintain liquidity, while also achieving a satisfactory return for shareholders. Foreign currency risk The Company is exposed to foreign currency risk as a result of certain transactions and borrowings which are denominated in foreign currencies. Exchange rate exposures are managed within approved policy parameters utilizing foreign forward exchange contracts where necessary. The foreign currencies in which the Company deals primarily are US Dollars, Singapore Dollars, Indonesian Rupees and South African Rands. Credit risk Credit risk arises from the potential default of a counterparty to an agreement or financial instrument, resulting in financial loss. The Company is exposed to credit risk in its operating activities (mainly in connection with trade receivables) and financial activities, including deposits with banks and other financial institutions and other financial instruments contracted. To mitigate risks associated with trade receivables, management makes use of credit approvals, limits and monitoring, and only deals with reputable counterparties with consistent payment histories. Sufficient collateral or guarantees are also obtained when necessary. Each counterparty is analyzed individually for creditworthiness before terms and conditions are offered. The analysis involves making use of information submitted by the counterparties as well as external bureau data (where available). Counterparty credit limits are in place and are reviewed and approved by credit management committees. The exposure to credit risk and the creditworthiness of counterparties is continuously monitored. Credit loss allowances for expected credit losses are recognized for all debt instruments except those measured at fair value through profit or loss. Credit loss allowances are also recognized for loan commitments and financial guarantee contracts. For trade receivables and contract assets which do not contain a significant financing component, the loss allowance is determined as the lifetime expected credit losses of the instruments. For all other trade receivables, contract assets and lease receivables, IFRS 9 permits the determination of the credit loss allowance by either determining whether there was a significant increase in credit risk since initial recognition or by always making use of lifetime expected credit losses. Management has chosen as an accounting policy, to make use of lifetime expected credit losses. Management does therefore not make the annual assessment of whether the credit risk has increased significantly since initial recognition for trade receivables, contract assets or lease receivables. Liquidity risk The Company is exposed to liquidity risk, which is the risk that the Company will encounter difficulties in meeting its obligations as they become due. The Company manages its liquidity risk by effectively managing its working capital, capital expenditure and cash flows. The financing requirements are met through a mixture of cash generated from operations, loans payable and convertible debt. Committed borrowing facilities are available for meeting liquidity requirements and deposits are held at central banking institutions.	NOTE 30 — FINANCIAL RISK MANAGEMENT The Company’s activities expose it to certain financial risks mainly related to: ● market risk (currency risk, interest rate risk and price risk); ● credit risk, and ● liquidity risk. The board of directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The board has established the risk committee, which is responsible for developing and monitoring the Company’s risk management policies. The committee reports quarterly to the board of directors on its activities. The Group’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Group’s board of directors oversees how management monitors compliance with the risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. Market risk Interest rate risk Fluctuations in interest rates impact on the value of investments and financing activities, giving rise to interest rate risk. The debt of the Company is comprised of different instruments, which bear interest at either fixed or floating interest rates. The ratio of fixed and floating rate instruments in the loan portfolio is monitored and managed, by incurring either variable rate bank loans or fixed rate bonds as necessary. Interest rate swaps are also used where appropriate, in order to convert borrowings into either variable or fixed, in order to manage the composition of the ratio. Interest rates on all borrowings compare favorably with those rates available in the market. The Company policy with regards to financial assets, is to invest cash at floating rates of interest and to maintain cash reserves in short-term investments in order to maintain liquidity, while also achieving a satisfactory return for shareholders. Foreign currency risk The Company is exposed to foreign currency risk as a result of certain transactions and borrowings which are denominated in foreign currencies. Exchange rate exposures are managed within approved policy parameters utilizing foreign forward exchange contracts where necessary. The foreign currencies in which the Company deals primarily are US Dollars, Singapore Dollars, Indonesian Rupees and South African Rands. Credit risk Credit risk arises from the potential default of a counterparty to an agreement or financial instrument, resulting in financial loss. The Company is exposed to credit risk in its operating activities (mainly in connection with trade receivables) and financial activities, including deposits with banks and other financial institutions and other financial instruments contracted. To mitigate risks associated with trade receivables, management makes use of credit approvals, limits and monitoring, and only deals with reputable counterparties with consistent payment histories. Sufficient collateral or guarantees are also obtained when necessary. Each counterparty is analyzed individually for creditworthiness before terms and conditions are offered. The analysis involves making use of information submitted by the counterparties as well as external bureau data (where available). Counterparty credit limits are in place and are reviewed and approved by credit management committees. The exposure to credit risk and the creditworthiness of counterparties is continuously monitored. Credit loss allowances for expected credit losses are recognized for all debt instruments except those measured at fair value through profit or loss. Credit loss allowances are also recognized for loan commitments and financial guarantee contracts. For trade receivables and contract assets which do not contain a significant financing component, the loss allowance is determined as the lifetime expected credit losses of the instruments. For all other trade receivables, contract assets and lease receivables, IFRS 9 permits the determination of the credit loss allowance by either determining whether there was a significant increase in credit risk since initial recognition or by always making use of lifetime expected credit losses. Management has chosen as an accounting policy, to make use of lifetime expected credit losses. Management does therefore not make the annual assessment of whether the credit risk has increased significantly since initial recognition for trade receivables, contract assets or lease receivables. Liquidity risk The Company is exposed to liquidity risk, which is the risk that the Company will encounter difficulties in meeting its obligations as they become due. The Company manages its liquidity risk by effectively managing its working capital, capital expenditure and cash flows. The financing requirements are met through a mixture of cash generated from operations, loans payable and convertible debt. Committed borrowing facilities are available for meeting liquidity requirements and deposits are held at central banking institutions.

RELATED PARTIES

RELATED PARTIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
RELATED PARTIES	NOTE 29 — RELATED PARTIES ​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik ​ See Note 18 — Loans Payable, Related Parties for information on related party balances.	NOTE 31 — RELATED PARTIES ​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik ​ See Note 18 — Loans Payable, Related Parties for information on related party balances.

KEY MANAGEMENT COMPENSATION

KEY MANAGEMENT COMPENSATION	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
KEY MANAGEMENT COMPENSATION
KEY MANAGEMENT COMPENSATION	NOTE 30 — KEY MANAGEMENT COMPENSATION The following tables set forth information regarding compensation awarded to or earned by our Executive Officers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 593,195 ​ $ 28,310 ​ $ 621,505 ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 Michelle Clarke Chief Marketing Officer ​ 110,846 ​ 4,067 ​ 114,913 ​ 83,235 ​ 18,553 ​ 101,788 Suraj Naik Chief Technology Officer ​ 88,682 ​ 3,921 ​ 92,603 ​ 67,719 ​ 13,274 ​ 80,993 Sandra Morrell Chief Operating Officer ​ 40,172 ​ 6,748 ​ 46,920 ​ 151,439 ​ 30,284 ​ 181,723 ​ The following table sets forth information regarding the compensation earned for service on our Board of Directors by our non-employee directors during the years ended December 31, 2021 and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,889 ​ ​ — ​ $ 8,889 ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 Nic Lim Director ​ 8,889 ​ — ​ 8,889 ​ 6,964 ​ 36,614 ​ 43,578 Anna Gong Director ​ 8,889 ​ — ​ 8,889 ​ 8,705 ​ 34,870 ​ 43,575 Jeremy Harris Director ​ 67,548 ​ 594 ​ 68,142 ​ 39,652 ​ 8,578 ​ 48,230 Dennis DuBois Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 Lisa Bovio Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 ​	NOTE 32 — KEY MANAGEMENT COMPENSATION The following tables set forth information regarding compensation awarded to or earned by our Executive Officers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 ​ $ 432,411 ​ $ 60,007 ​ $ 492,418 Michelle Clarke Chief Marketing Officer ​ 83,235 ​ 18,553 ​ 101,788 ​ 93,746 ​ 15,870 ​ 109,616 Suraj Naik Chief Technology Officer ​ 67,719 ​ 13,274 ​ 80,993 ​ 75,701 ​ 11,588 ​ 82,289 Sandra Morrell Chief Operating Officer ​ 151,439 ​ 30,284 ​ 181,723 ​ 165,947 ​ 20,150 ​ 186,097 ​ The following table sets forth information regarding the compensation earned for service on our Board of Directors by our non-employee directors during the years ended December 31, 2020 and 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 ​ $ — ​ $ — ​ $ — Nic Lim Director ​ 6,964 ​ 36,614 ​ 43,578 ​ 5,882 ​ — ​ 5,882 Anna Gong Director ​ 8,705 ​ 34,870 ​ 43,575 ​ 5,882 ​ — ​ 5,882 Jeremy Harris Director ​ 39,652 ​ 8,578 ​ 48,230 ​ 50,688 ​ — ​ 50,688 Dennis DuBois Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 Lisa Bovio Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 ​

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 31 — SEGMENT REPORTING Each of the Company’s business segments offer different, but synergistic products and services, and are managed separately. Discrete financial information is available for each segment, and segment performance is evaluated based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Intercompany” which eliminates the effect of transactions between the segments. The Company’s business consists of two reportable business segments: ➢ Education — ➢ Campus — The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Periods Ended December. 31 ​ ​ 2021 2020 ​ Education Campus Total Education Campus Total Revenues ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 Depreciation and Amortization (1)(2) ​ $ 426,740 ​ $ 1,148,173 ​ $ 1,574,913 ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 (Loss) income from Operations ​ $ (2,153,975) ​ $ (2,014,508) ​ $ (4,168,484) ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) Net Profit or Loss ​ $ (2,252,794) ​ $ (2,365,255) ​ $ (4,618,050) ​ $ (53,722) ​ $ (3,069,347) ​ $ (3,123,069) Interest Expense, net ​ $ 98,819 ​ $ 350,747 ​ $ 449,566 ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 Capital Expenditures ​ $ — ​ ​ — ​ $ — ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 Total Property and Equipment, net ​ $ 15,442 ​ $ 6,760,674 ​ $ 6,776,116 ​ $ 10,881 ​ $ 7,586,109 $ 7,596,990 Total Assets ​ $ 5,122,967 ​ $ 12,472,440 ​ $ 17,595,407 ​ $ 3,336,242 ​ $ 13,621,471 $ 16,957,713 Total Liabilities ​ $ 3,589,315 ​ $ 6,020,096 ​ $ 9,609,411 ​ $ 5,852,323 ​ $ 3,399,301 $ 9,251,624 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment Consists of $1,109,309 (2020- $937,773 ) which is included in cost of revenue and $38,864 (2020- $47,537 ) which is included in operating expenses in the accompanying statements of operations. A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 3,630,760 ​ $ 1,554,828 ​ $ 5,185,588 ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 Asia / Pacific ​ 3,346,691 ​ 1,547,382 ​ 4,894,073 ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 North America / South America ​ 2,698,601 ​ — ​ 2,698,601 ​ 1,595,331 ​ — ​ 1,595,331 ​ ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 602 ​ $ 8,476,791 ​ ​ 8,477,393 ​ $ 802 ​ $ 503,853 ​ $ 504,655 Asia / Pacific ​ — ​ 2,120,102 ​ 2,120,102 ​ 499,772 ​ 10,500,388 ​ 11,000,159 North America / South America ​ 501,750 ​ — ​ 501,750 ​ 516,296 ​ — ​ 516,296 ​ ​ $ 502,352 ​ $ 10,596,893 ​ ​ 11,099,245 ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​	NOTE 33 — SEGMENT REPORTING Each of the Company’s business segments offer different, but synergistic products and services, and are managed separately. Discrete financial information is available for each segment, and segment performance is evaluated based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Intercompany” which eliminates the effect of transactions between the segments. The Company’s business consists of two reportable business segments: ● Education — entrepreneur education, management consultancy and business development tools. ● Campus — resorts, retreats and co-working cafes for entrepreneurs. The detailed segment information of the Company is as follows: The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 2019 ​ Education Campus Total Education Campus Total Revenues ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,061 ​ $ 4,431,996 ​ $ 9,949,057 Depreciation and Amortization, as restated (1)(2) ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as restated ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss) income as restated ​ $ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as restated ​ $ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 $ 7,399,412 Total Assets, as restated ​ $ 3,336,242 ​ $ 13,621,471 ​ $ 16,957,713 ​ $ 3,523,344 ​ $ 14,036,804 $ 17,560,148 Total Liabilities, as restated ​ $ 5,852,323 ​ $ 3,399,301 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 $ 12,229,451 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment consists of $913,492 (2019- $937,773 ) which is included in cost of revenue and $40,906 (2019- $47,537 ) which is included in operating expenses in the accompanying statements of operations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Revenues $ 5,618,210 $ 2,015,566 $ 7,633,776 $ 5,517,061 $ 4,431,996 $ 9,949,057 Depreciation and Amortization, as previously reported ​ ​ 914,195 ​ $ 1,226,131 ​ $ 2,140,326 ​ $ 373,465 ​ $ 985,310 ​ $ 1,358,775 Adjustments (Note 4)(1) ​ ​ (298,000) ​ ​ (271,733) ​ ​ (569,733) ​ ​ (96,667) ​ ​ — ​ ​ (96,667) Depreciation and Amortization, as restated ​ ​ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as previously reported ​ ​ 8,710 ​ $ (3,259,292) ​ $ (3,250,582) ​ $ (1,302,451) ​ $ 166,911 ​ $ (1,135,540) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 (Loss) income from Operations, as restated ​ ​ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss), as previously reported ​ $ (135,636) ​ $ (3,341,080) ​ $ (3,476,716) ​ $ (1,286,019) ​ ​ (24,534) ​ $ (1,310,553) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 Adjustments (Note 4 - income tax) ​ ​ (229,973) ​ ​ (55,358) ​ ​ (285,331) ​ ​ (16,433) ​ ​ — ​ ​ (16,433) Net (Loss), as restated ​ ​ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as previously reported ​ ​ 10,881 ​ $ 7,239,965 ​ $ 7,250,846 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Adjustments (Note 4) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Total Property and Equipment, net, as restated ​ ​ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Total Assets, as previously reported ​ $ 12,030,161 ​ $ 41,755,288 ​ $ 53,785,449 ​ $ 12,422,243 ​ $ 19,160,141 ​ $ 31,582,385 Adjustments (Note 4 - Property and equipment) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Adjustments (Note 4 - Goodwill) ​ ​ (3,655,567) ​ ​ (14,110,257) ​ ​ (17,765,824) ​ ​ (3,655,567) ​ ​ (5,123,337) ​ ​ (8,778,904) Adjustments (Note 4 - Intangible assets) ​ ​ (4,945,333) ​ ​ (14,697,982) ​ ​ (19,643,315) ​ ​ (5,243,333) ​ ​ — ​ ​ (5,243,333) Adjustments (Foreign currency translation) ​ ​ — ​ ​ 235,259 ​ ​ 235,259 ​ ​ — ​ ​ — ​ ​ — Total Assets, as restated ​ $ 3,429,261 ​ $ 13,528,452 ​ $ 16,957,713 ​ $ 3,523,343 ​ $ 14,036,804 ​ $ 17,560,147 Total Liabilities, as previously reported ​ $ 5,673,010 ​ $ 6,870,135 ​ $ 12,543,145 ​ $ 4,468,709 ​ $ 8,341,876 ​ $ 12,810,585 Adjustments (Note 4 - deferred tax liability) ​ ​ 229,973 ​ (3,521,494) ​ ​ (3,291,521) ​ ​ — ​ ​ (581,134) ​ ​ (581,134) Total Liabilities, as restated ​ $ 5,902,983 ​ $ 3,348,641 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 ​ $ 12,229,451 (1) Depreciation and amortization adjustments are adjusted to cost of revenue in the accompanying statements of operations. A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 ​ $ 1,818,859 ​ $ 1,951,769 ​ $ 3,770,628 Asia / Pacific ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 ​ 2,108,503 ​ 2,480,027 ​ 4,588,530 North America / South America ​ 1,595,331 ​ — ​ 1,595,331 ​ 1,589,899 ​ — ​ 1,589,899 ​ ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,261 ​ $ 4,431,796 ​ $ 9,949,057 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ As restated ​ As restated ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 802 ​ $ 503,853 ​ $ 504,655 ​ $ — ​ $ 7,786,240 ​ $ 7,786,240 Asia / Pacific ​ 499,772 ​ 10,500,387 ​ 11,000,159 ​ 962,424 ​ 3,005,679 ​ 3,968,103 North America / South America ​ 516,296 ​ — ​ 516,296 ​ — ​ — ​ — ​ ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​ $ 962,424 ​ $ 10,791,919 ​ $ 11,754,343 ​

EVENTS AFTER THE REPORTING PERI

EVENTS AFTER THE REPORTING PERIOD	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EVENTS AFTER THE REPORTING PERIOD
EVENTS AFTER THE REPORTING PERIOD	NOTE 32 — EVENTS AFTER THE REPORTING PERIOD Convertible Debt Obligations Subsequent to December 31, 2021 and prior to the issuance of these financial statements, convertible debt obligations consisting of $229,237 of principal and accrued interest were converted into 38,206 shares of Genius Group Ltd pursuant to conversion offers extended by the Company. Shares Issued for Cash Subsequent to December 31, 2021 and prior to the issuance of these financial statements, GeniusU Ltd sold an aggregate non-controlling interest of 0.61% of GeniusU Ltd for gross proceeds of $1,528,000 and incurred aggregate issuance costs of $30,560. Initial Public Offering Subsequent to December 31, 2021 and prior to the issuance of these financial statements, Genius Group consummated its initial public offering on the NYSE American (ticker: GNS) as of April 14, 2022 with the issuance of 3,272,727 ordinary shares at an IPO price of $6 per share. The Group also changed underwriters from ThinkEquity LLC to Boustead LLC. Business Combinations Subsequent to December 31, 2021 and prior to the issuance of these financial statements, On April 21, 2022, Genius Group Limited, a Singapore public limited company (“Genius Group”), announced that it completed a series of business combinations with Education Angels in Home Childcare Limited (“Education Angels”), Property Investors Network Ltd and Mastermind Principles Limited (“PIN” and collectively the “IPO Acquisitions”). The Company is also in the process of trying to close two additional acquisitions: University of Antelope Valley and E-Square. In relation to the completed business combinations, the Company intends to obtain an independent valuation of the purchase price allocation for each acquisition. As of the date of the issuance of these financial statements this valuation is not yet available. As such, the disclosures required by IFRS 3 paragraph B64 are not included in these financial statements. Such disclosures are expected to be included in the next financial statements issued by the Company. The detailed terms of each acquisition is stated below. Education Angels Education Angels delivers home educators and childcare for 0-5 year old’s with creative thinking and play modules. ➢ The Share Purchase Agreement was signed on October 22, 2020 between Genius Group and the owners of Education Angels, David Raymond Hitchins and Angela Stead, for the purchase of 100% of the shares in Education Angels. ➢ The purchase price was NZ$3 million (approximately US$2 million) calculated as 2x the annual revenue in 2019 or 2020 (whichever is higher) of Education Angels, with a minimum purchase price of NZ$3 million (approximately US$2 million). ➢ The payment was 100% in shares of Genius Group. ➢ The share purchase included all rights, title, interest and benefits appertaining to the company, including all contracts, intellectual property, goodwill and ongoing operations, all assets and liabilities on the balance sheet as of the date of the acquisition, less any director’s loans or shareholder’s loans. ➢ The sellers agreed not to sell any shares in Genius Group for at least 6 months from closing in the case of David Hitchins and 12 months in the case of Angie Stead. ➢ Both parties have provided various representations, warranties and indemnifications as part of the agreement. ➢ An extending letter was signed on September 30, 2021 to extend the terms of the agreement to December 31, 2021. ➢ An extending letter was signed on December 17, 2021 to extend the terms of the agreement to March 31, 2022. ➢ An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. The acquisition of Education Angels was completed on April 30, 2022. Property Investors Network PIN is a UK-based property networking organization. ➢ The Share Purchase Agreement was signed on November 30, 2020, between Genius Group and the owner of PIN, Simon Zutshi on behalf of Property Mastermind International Pte Ltd (MPL), for the purchase of 100% of the shares in Property Investors Network Ltd and Mastermind Principles Ltd. ➢ The purchase price was GBP 3.6 million (Approximately $4.7 million) calculated as 1x the annual revenue in 2019 or 2020 (whichever was higher) of the two companies in the agreement. ➢ The payment was 10% in cash and 90% in Genius Group ordinary shares, with the shares paid on closing and the cash paid within 7 days of closing. ➢ The share purchase included all rights, title, interest and benefits appertaining to the company, including all contracts, intellectual property, goodwill and ongoing operations, all assets and liabilities on the balance sheet as of the date of the acquisition, less any director’s loans or shareholder’s loans. ➢ The parties agreed to clear all director’s loans and shareholder’s loans from the balance sheets of the two companies first by Genius Group paying £1.5 million (US$2.0 million) to MPL on behalf of the seller in order to pay off part of the outstanding loans, and second by the seller repaying any remaining unpaid loans within three years of the closing date. ➢ Both parties provided various representations, warranties and indemnifications as part of the agreement. ➢ An extending letter was signed on September 30, 2021 to extend the terms of the agreement to December 31, 2021. ➢ An extending letter was signed on December 17, 2021 to extend the terms of the agreement to March 31, 2022. ➢ An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. ➢ An amendment was signed on April 30, 2022, to reflect a change in the terms of the purchase price consideration to 2x revenue or 10x EBITDA. The acquisition of Property Investors Network was completed on April 30, 2022. E-Square E-Square is a full campus with primary, secondary and college education for students in entrepreneurship. The terms of the acquisition were amended on April 19, 2022 to reflect that the closing is conditioned upon the approval of the South African Reserve Bank. An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. The acquisition of E-Square closed May 31, 2022. University of Antelope Valley UAV is a California-based, WASC accredited, U.S. university issuing degrees on campus and on-line. Per the terms of the agreement, Genius Group has already paid UAV US$7 million in cash and 1 million Genius Group ordinary shares (valued at US$6 million) as closing consideration. An amendment was signed on May 18, 2022 to adjust the closing date to June 30, 2022 as well as updating the ‘payment of top up consideration’ based on the performance of UAV over the 2022, 2023 and 2024 fiscal years. A further amendment was signed on June 30, 2022 to adjust the closing date to July 7, 2022. The acquisition of UAV was closed on July 7, 2022.	NOTE 34 — EVENTS AFTER THE REPORTING PERIOD Convertible Debt Obligations Subsequent to December 31, 2020 and prior to the issuance of these financial statements, convertible debt obligations consisting of $161,500 of principal and $6,170 of accrued interest were converted into 13,307 shares of GeniusU Ltd pursuant to conversion offers extended by the Company. Shares Issued for Cash Subsequent to December 31, 2020 and prior to the issuance of these financial statements, GeniusU Ltd sold an aggregate non-controlling interest of 2.45% of GeniusU Ltd for gross proceeds of $2,652,577 and incurred aggregate issuance costs of $53,052. Subsequent to December 31, 2020 and prior to the issuance of these financial statements, Entrepreneur Resorts Ltd commenced making offers for sale of shares. No shares have been issued as of the date of issuance of these financial statements. Stock Split On April 29, 2021, Genius Group Ltd effected a 6-for-1 stock split with respect to ordinary shares. Refer to Note 21 for more information on the retroactive effect of the share split on specific disclosures in these financial statements. Stock-Based Compensation Subsequent to December 31, 2020 and prior to the issuance of these financial statements, Genius Group Ltd agreed to issue an aggregate of 63,842 options for shares of common stock to key management and partners. The options vest at various stages over three years, subject to satisfaction of relevant conditions including continued employment. Business Combinations The Pre-IPO Group continues to make acquisitions to accelerate the revenue and profitability growth of the Group, to add valuable assets to the Group portfolio, and to fulfill management’s vision for the business — in terms of both positive impact on customers and shareholder value. The Pre-IPO Group believes that the acquisitions will further enhance the efficiency of the Group and will add value through synergies and leverage. Subsequent to December 31, 2020, and prior to the issuance of these financial statements, the Pre-IPO Group executed definitive agreements to close the following business combinations upon the completion of the Pre-IPO Group’s initial public offering: Genius Group Ltd.’s Pending Acquisition of Education Angels On October 22, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of Education Angels in Home Childcare Limited for purchase consideration of NZ 3 million (approximately $2.0 million US dollars) of Genius Group Ltd ordinary shares. Education Angels delivers home educators and childcare for 0-5 year olds with creative thinking and play modules. Genius Group Ltd.’s Pending Acquisition of E-Square On November 28, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of E-Squared Education Enterprises (Pty) Ltd for purchase consideration of ZAR 10 million (approximately $654,000 US dollars) of Genius Group Ltd.’s ordinary shares. E-Square is a full campus with primary, secondary and college education for students in entrepreneurship. Genius Group Ltd.’s Pending Acquisition of Property Investors Network On November 30, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of Property Investors Network Ltd and Mastermind Principles Limited for purchase consideration equal to its December 31, 2019, annual revenue, of which 90% will be paid in Genius Group Ltd ordinary shares and 10% will be paid in cash. Property Investors Network is an investor education network with investor meetups held in 50 cities and on-line. Genius Group Ltd.’s Pending Acquisition of the University of Antelope Valley On March 22, 2021, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of University of Antelope Valley for $30 million of purchase consideration, including $6 million of Genius Group Ltd ordinary shares and $24 million of cash. The University of Antelope Valley is a California-based, WASC accredited, U.S. university issuing degrees on campus and on-line. An amendment was signed on March 24, 2022 to amend the consideration to $6.5 million in cash, $6 million in shares in Genius Group and $17.5 million in a note payable.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD.	Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through the use of its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred.	Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through use its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred.
Business Combinations	Business Combinations The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as of the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as of the acquisition date. The measurement to fair value is included in profit or loss for the year. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising from the acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company has elected to account for common control business combinations using the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity, as if the acquisition had taken place at the beginning of the earliest period presented. On the acquisition date, the Company records any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholders’ Equity.	Business Combinations (as restated) The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as at the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. Contingent liabilities are only included in the identifiable assets and liabilities of the acquiree where there is a present obligation at acquisition date. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as at acquisition date. The measurement to fair value is included in profit or loss for the year. Where the existing shareholding was classified as an available-for-sale financial asset, the cumulative fair value adjustments recognized previously to other comprehensive income and accumulated in stockholders’ equity are recognized in profit or loss as a reclassification adjustment. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising on acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company previously elected to account for common control business combinations using a modified acquisition method. This accounting policy was applied consistently to similar transactions. The Company’s policy was to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to restate the common control entity’s identifiable assets, liabilities and contingent liabilities to their fair values as of the acquisition date and record goodwill, similar to the acquisition method. The Company has changed its policy to correct its accounting for common control business combinations, from the modified acquisition method to the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity.
Significant judgments and use of estimates	Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.	Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.
Critical judgements in applying accounting policies	Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements.	Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements.
Fair value estimation	Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available.	Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available.
Cash and cash equivalents	Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less.	Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less.
Trade and other receivables	Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in statement of operations and comprehensive loss.	Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in investment income.
Inventories	Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs.	Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs.
Property and Equipment	Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2021, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service.	Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2019, the Company had $825,307 of construction in progress that had been placed into service in February 2020. As of December 31, 2020, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service.
Intangible assets	Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ➢ it is technologically feasible to complete the asset so that it will be available for use or sale. ➢ there is an intention to complete and use or sell it. ➢ there is an ability to use or sell it. ➢ it will generate probable future economic benefits. ➢ there are available technical, financial and other resources to complete the development and to use or sell the asset. ➢ the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years.	Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ● it is technically feasible to complete the asset so that it will be available for use or sale. ● there is an intention to complete and use or sell it. ● there is an ability to use or sell it. ● it will generate probable future economic benefits. ● there are available technical, financial and other resources to complete the development and to use or sell the asset. ● the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. In addition, Entrepreneurs Institute developed content, customer relationships, and trade names and trademarks were recognized as part of the acquisition accounting in August 2019, and Entrepreneur Resorts’ developed content, trade names and trademarks, and databases were recognized as part of the acquisition accounting in July 2020. Developed content is being amortized over ten years, and customer relationships and databases are being amortized over seven years. Trade names and trademarks have been determined to have an indefinite useful life. See Note 4 — Business Combinations.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ➢ first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ➢ then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase.	Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ● first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ● then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase.
Financial Instruments	Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ➢ Mandatorily at fair value through profit or loss; or ➢ Designated as of fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ➢ Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ➢ Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as of amortized cost or at fair value through other comprehensive income); or ➢ Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ➢ Amortized cost; ➢ Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ➢ Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ➢ the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as of fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as of fair value through other comprehensive income. The designation as of fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as of fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 27, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date.	Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ● Mandatorily at fair value through profit or loss; or ● Designated as at fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ● Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ● Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as at amortized cost or at fair value through other comprehensive income); or ● Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ● Amortized cost; ● Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ● Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ● the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as at fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as at fair value through other comprehensive income. The designation as at fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as at fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof.
Income taxes	Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ➢ a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ➢ a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity.	Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ● a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ● a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity.
Leases	Leases The Company accounts for its various operating leases in accordance with adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ➢ the initial amount of the corresponding lease liability; ➢ any lease payments made at or before the commencement date; ➢ any initial direct costs incurred; ➢ any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ➢ less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. Each part of a right-of-use asset with a cost that is significant in relation to the total cost of the asset is depreciated separately. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. Lease liability The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise the following: ➢ fixed lease payments, including in-substance fixed payments, less any lease incentives; ➢ variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ➢ the amount expected to be payable by the Company under residual value guarantees; ➢ the exercise price of purchase options, if the Company is reasonably certain to exercise the option; ➢ lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and ➢ penalties for early termination of a lease, if the lease term reflects the exercise of an option to terminate the lease. Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability (or right-of-use asset). The related payments are recognized as an expense in the period incurred and are included in operating expenses. The lease liability is presented as a separate line item on the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect lease payments made. Interest charged on the lease liability is included in interest expense on the accompany consolidated statements of operations and comprehensive loss. Management remeasures the lease liability when: ➢ there has been a change to the lease term, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ➢ there has been a change in the assessment of whether the Company will exercise a purchase, termination or extension option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ➢ there has been a change to the lease payments due to a change in an index or a rate, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); ➢ there has been a change in expected payment under a residual value guarantee, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate; ➢ a lease contract has been modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised payments using a revised discount rate. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of- use asset or is recognized in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. Leases accounted for under IAS 17 Pursuant to IAS 17, a lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. For leases classified as finance leases, the property is capitalized as leasehold property and is depreciated over the lease term. Leased assets are depreciated over the shorter of their expected useful lives and the lease term. Finance leases are recognized as assets and liabilities in the consolidated statement of financial position at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum lease payments. The corresponding liability to the lessor is included in the consolidated balance sheet as a finance lease obligation. The discount rate used in calculating the present value of the minimum lease payments is the interest rate implicit in the lease. The lease payments are apportioned between the finance charge and reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate on the remaining balance of the liability. Operating lease payments are recognized as an expense on a straight-line basis over the lease term. The difference between the amounts recognized as an expense and the contractual payments are recognized as an operating lease asset. This liability is not discounted. Any contingent rents are expensed in the period they are incurred.	Leases The Company adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ● the initial amount of the corresponding lease liability; ● any lease payments made at or before the commencement date; ● any initial direct costs incurred; ● any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ● less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. Each part of a right-of-use asset with a cost that is significant in relation to the total cost of the asset is depreciated separately. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. Lease liability The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise the following: ● fixed lease payments, including in-substance fixed payments, less any lease incentives; ● variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● the amount expected to be payable by the Company under residual value guarantees; ● the exercise price of purchase options, if the Company is reasonably certain to exercise the option; ● lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and ● penalties for early termination of a lease, if the lease term reflects the exercise of an option to terminate the lease. Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability (or right-of-use asset). The related payments are recognized as an expense in the period incurred and are included in operating expenses. The lease liability is presented as a separate line item on the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect lease payments made. Interest charged on the lease liability is included in interest expense on the accompany consolidated statements of operations and comprehensive loss. Management remeasures the lease liability when: ● there has been a change to the lease term, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ● there has been a change in the assessment of whether the Company will exercise a purchase, termination or extension option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ● there has been a change to the lease payments due to a change in an index or a rate, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); ● there has been a change in expected payment under a residual value guarantee, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate; ● a lease contract has been modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised payments using a revised discount rate. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of- use asset or is recognized in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. Leases accounted for under IAS 17 Pursuant to IAS 17, a lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. For leases classified as finance leases, the property is capitalized as leasehold property and is depreciated over the lease term. Leased assets are depreciated over the shorter of their expected useful lives and the lease term. Finance leases are recognized as assets and liabilities in the consolidated statement of financial position at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum lease payments. The corresponding liability to the lessor is included in the consolidated balance sheet as a finance lease obligation. The discount rate used in calculating the present value of the minimum lease payments is the interest rate implicit in the lease. The lease payments are apportioned between the finance charge and reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate on the remaining balance of the liability. Operating lease payments are recognized as an expense on a straight-line basis over the lease term. The difference between the amounts recognized as an expense and the contractual payments are recognized as an operating lease asset. This liability is not discounted. Any contingent rents are expensed in the period they are incurred.
Contributed capital and equity	Contributed capital and equity Contributed capital represents the aggregate shareholder investment in Genius Group Ltd and ERL. Non-controlling interest represents the portion of comprehensive income (loss) and net assets attributable to minority shareholders. Non-controlling interest is identified in the consolidated statements of operations and under equity in the consolidated statements of financial position.	Contributed capital and equity Contributed capital represents the aggregate shareholder investment in Genius Group Ltd and ERL. Non-controlling interest represents the portion of comprehensive income (loss) and net assets attributable to minority shareholders. Non-controlling interest is identified in the consolidated statements of operations and under equity in the consolidated statements of financial position.
Revenue from contracts with customers	Revenue from contracts with customers The Company recognizes revenue from the following major sources: ➢ Digital education platform ➢ In person education courses ➢ Sales of goods — ➢ Service revenue Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognized when the Company satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A detailed analysis of performance obligations for each revenue source follows. Digital education platform This revenue is derived from online workshops, training programs, assessments, courses, accreditations certifications and licences provided by both the Company itself and by partners, as well as memberships. Revenue is derived, and performance obligations are fulfilled, over the course of delivery of the product or service, which may be at the time of sale or may be monthly for up to twelve months. The company is compensated by way of fees for the product or service as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. In person education courses This revenue is derived from workshops, training programs and conferences that are delivered in person at the Company’s campuses or third party venues. Revenue is derived, and performance obligations are fulfilled, at the time of delivering the event. The company is compensated by way of course fees as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. Sales of goods — retail This revenue is derived by the Company’s campus businesses and includes food and beverage, spa products, merchandise and ancillary products. Revenue is derived, and performance obligations are fulfilled, at the point in time of providing the goods; in the case of food and beverage delivered as part of a pre-paid accommodation package, revenue is recognized daily over the time of guests’ duration of stay. The company is compensated based on the advertised or agreed price of the goods as part of accommodation packages or on in-house menus in the case of food and beverage, and on in-house price lists or price tickets in the case of spa products, merchandise and ancillary products. The Company’s typical customer for this revenue source is: ➢ an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ➢ individuals, families and companies who are not necessarily seeking education but are attracted to the Company ’ Service revenue This revenue is derived by the Company’s campus businesses and includes accommodation, spa, conferences and events, and memberships. Revenue is derived, and performance obligations are fulfilled, at the time of providing the services; in the case of accommodation as part of a pre-paid booking, revenue is recognized daily over the time of guests’ duration of stay, and for memberships revenue is recognized monthly over the course of delivery of the product or service which may be up to twelve months. The company is compensated based on the advertised or agreed price of the goods as displayed online by the company or booking agents in the case of accommodation, on in-house price lists in the case of spa, by tailored quote in the case of conferences and events, and as displayed in-house or online in the case of memberships. The Company’s typical customer for this revenue source is: ➢ an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ➢ individuals, families and companies who are not necessarily seeking education but are attracted to the Company ’ Deferred revenue The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A contract asset (accounts receivable) is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records a contract liability (deferred revenue) until the performance obligations are satisfied. Deferred revenue represents the Company’s contract liability for cash collections received from its customers in advance of performance under the contract. Deferred revenue is recognized as revenue upon completion of the performance obligation, which generally occurs within one year. As of December 31, 2021, the Company had deferred revenue for remaining unsatisfied performance obligations of $2,561,912 (2020: $1,546,712), which is expected to be recognized within one year. During the year ended December 31, 2021, the Company recognized revenue of $758,794 (2020: $2,905,691) that was included in the deferred revenue balance at the beginning of the period.	Revenue from contracts with customers The Company recognizes revenue from the following major sources: ● Digital education platform ● In person education courses ● Sales of goods — retail ● Service revenue Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognized when the Company satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A detailed analysis of performance obligations for each revenue source follows. Digital education platform This revenue is derived from online workshops, training programs, assessments, courses, accreditations certifications and licenses provided by both the Company itself and by partners, as well as memberships. Revenue is derived, and performance obligations are fulfilled, over the course of delivery of the product or service, which may be at the time of sale or may be monthly for up to twelve months. The company is compensated by way of fees for the product or service as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. In person education courses This revenue is derived from workshops, training programs and conferences that are delivered in person at the Company’s campuses or third-party venues. Revenue is derived, and performance obligations are fulfilled, at the time of delivering the event. The company is compensated by way of course fees as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. Sales of goods — retail This revenue is derived by the Company’s campus businesses and includes food and beverage, spa products, merchandise and ancillary products. Revenue is derived, and performance obligations are fulfilled, at the point in time of providing the goods; in the case of food and beverage delivered as part of a pre-paid accommodation package, revenue is recognized daily over the time of guests’ duration of stay. The company is compensated based on the advertised or agreed price of the goods as part of accommodation packages or on in-house menus in the case of food and beverage, and on in-house price lists or price tickets in the case of spa products, merchandise and ancillary products. The Company’s typical customer for this revenue source is: ● an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ● individuals, families and companies who are not necessarily seeking education but are attracted to the Company’s venues and locations for recreation and hospitality experiences. Service revenue This revenue is derived by the Company’s campus businesses and includes accommodation, spa, conferences and events, and memberships. Revenue is derived, and performance obligations are fulfilled, at the time of providing the services; in the case of accommodation as part of a pre-paid booking, revenue is recognized daily over the time of guests’ duration of stay, and for memberships revenue is recognized monthly over the course of delivery of the product or service which may be up to twelve months. The company is compensated based on the advertised or agreed price of the goods as displayed online by the company or booking agents in the case of accommodation, on in-house price lists in the case of spa, by tailored quote in the case of conferences and events, and as displayed in-house or online in the case of memberships. The Company’s typical customer for this revenue source is: ● an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ● individuals, families and companies who are not necessarily seeking education but are attracted to the Company’s venues and locations for recreation and hospitality experiences. Deferred revenue The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A contract asset (accounts receivable) is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records a contract liability (deferred revenue) until the performance obligations are satisfied. Deferred revenue represents the Company’s contract liability for cash collections received from its customers in advance of performance under the contract. Deferred revenue is recognized as revenue upon completion of the performance obligation, which generally occurs within one year. As of December 31, 2020, the Company had deferred revenue for remaining unsatisfied performance obligations of $1,546,712 (2019: $3,231,431), which is expected to be recognized within one year. During the year ended December 31, 2020, the Company recognized revenue of $2,905,691 (2019: $2,155,612) that was included in the deferred revenue balance at the beginning of the period.
Borrowing costs	Borrowing costs Coupon interest is recognized in the period in which it is incurred, while other borrowing costs (debt discount) are amortized to interest expense over the expected term of the notes using the interest method.	Borrowing costs Coupon interest is recognized in the period in which it is incurred, while other borrow costs (debt discount) are amortized to interest expense over the expected term of the notes using the interest method.
Foreign currency transactions	Foreign currency transactions The Company’s reporting currency is the U.S. dollar. The functional currencies of the Genius Group and its subsidiaries are their local currencies (Singapore dollar, British pound, Indonesian rupiah and South African rand) and the functional currency of ERL and its subsidiaries is the U.S. dollar. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies. Gains and losses resulting from transactions denominated in non-functional currencies are recognized in earnings. At the end of the reporting period, assets and liabilities are translated into U.S. dollars using the exchange rate at the balance sheet date and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended. Resulting translation adjustments are made directly to accumulated other comprehensive income. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period, or in previous consolidated financial statements, are recognized in profit or loss in the period in which they arise. When a gain or loss on a non-monetary item is recognized to other comprehensive income and accumulated in equity, any exchange component of that gain or loss is recognized to other comprehensive income and accumulated in equity. When a gain or loss on a non-monetary item is recognized in profit or loss, any exchange component of that gain or loss is recognized in profit or loss. Cash flows arising from transactions in a foreign currency are recorded in U.S. dollars by applying to the foreign currency amount the exchange rate between the U.S. dollar and the foreign currency at the date of the cash flow.	Foreign currency transactions The Company’s reporting currency is the U.S. dollar. The functional currencies of the Genius Group and its subsidiaries are their local currencies (Singapore dollar, British pound, Indonesian rupiah and South African rand) and the functional currency of ERL and its subsidiaries is the U.S. dollar. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies. Gains and losses resulting from transactions denominated in non-functional currencies are recognized in earnings. At the end of the reporting period, assets and liabilities are translated into U.S. dollars using the exchange rate at the balance sheet date and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended. Resulting translation adjustments are made directly to accumulated other comprehensive income. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period, or in previous consolidated financial statements, are recognized in profit or loss in the period in which they arise. When a gain or loss on a non-monetary item is recognized to other comprehensive income and accumulated in equity, any exchange component of that gain or loss is recognized to other comprehensive income and accumulated in equity. When a gain or loss on a non-monetary item is recognized in profit or loss, any exchange component of that gain or loss is recognized in profit or loss. Cash flows arising from transactions in a foreign currency are recorded in U.S. dollars by applying to the foreign currency amount the exchange rate between the U.S. dollar and the foreign currency at the date of the cash flow.
Stock-based compensation	Stock-based compensation For service-based awards, compensation expense is measured at the grant date based on the fair value of the award and is recognized on a straight-line basis over the requisite service period, which is typically the vesting period.	Stock-based compensation For service-based awards, compensation expense is measured at the grant date based on the fair value of the award and is recognized on a straight-line basis over the requisite service period, which is typically the vesting period.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of useful lives of items of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years	​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
Schedule of recent accounting standard not yet adopted	​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2021 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023	​ ​ ​ ​ ​ Effective for periods Standard/Interpretation ​ beginning on or after Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 ​ January 1, 2021 Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2020 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2021
BUSINESS COMBINATIONS
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities	​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Food and beverage ​ $ 38,500 ​ $ 42,694 Merchandise ​ 51,777 ​ 59,943 Consumables ​ 2,253 ​ 9,906 Total inventories ​ $ 92,530 ​ $ 112,543	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Food and beverage ​ $ 42,694 ​ $ 47,224 Merchandise ​ 59,943 ​ 65,098 Consumables ​ 9,906 ​ 7,194 Total inventories ​ $ 112,543 ​ $ 119,516

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Summary of prepaid expenses and other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Prepaid expenses $ 3,349,990 $ 1,305,088 Deposits ​ ​ 59,925 ​ ​ 226,189 Other receivables ​ 80,531 ​ 17,440 Total ​ $ 3,490,446 ​ $ 1,548,717	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Prepaid expenses $ 1,305,088 $ 832,280 Deposits ​ ​ 226,189 ​ ​ 223,718 Other receivables ​ 17,440 ​ 9,037 Total ​ $ 1,548,717 ​ $ 1,065,035

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PROPERTY AND EQUIPMENT
Summary of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Accumulated ​ Carrying ​ ​ ​ ​ Accumulated ​ Carrying ​ Cost Depreciation Value Cost Depreciation Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings ​ 4,401,241 ​ (989,085) ​ 3,412,156 ​ 4,625,408 ​ (674,781) ​ 3,950,627 Leasehold property ​ 4,261,623 ​ (2,770,810) ​ 1,490,813 ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 Plant and machinery ​ 136,692 ​ (87,050) ​ 49,642 ​ 164,137 ​ (79,453) ​ 84,684 Furniture and fixtures ​ 537,964 ​ (330,476) ​ 207,488 ​ 466,277 ​ (276,904) ​ 189,373 Motor vehicles ​ 320,103 ​ (281,587) ​ 38,516 ​ 341,906 ​ (248,580) ​ 93,326 Office equipment ​ 26,287 ​ (19,528) ​ 6,759 ​ 23,599 ​ (13,164) ​ 10,435 IT equipment ​ 113,790 ​ (88,274) ​ 25,516 ​ 113,790 ​ (80,800) ​ 32,990 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Spa equipment, curtains, crockery, glassware and linen ​ 255,434 ​ (196,926) ​ 58,508 ​ 255,434 ​ (161,724) ​ 93,710 ​ ​ $ 11,554,308 ​ $ (4,768,192) ​ $ 6,776,116 ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ ​ ​ ​ As restated ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost Accumulated Value ​ ​ Accumulated Carrying ​ ​ As restated ​ Depreciation ​ As restated ​ Cost ​ Depreciation ​ Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings, as restated ​ 4,625,408 ​ (674,781) ​ 3,950,627 ​ 3,774,580 ​ (344,035) ​ 3,430,545 Leasehold property ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 ​ 3,373,869 ​ (2,354,975) ​ 1,018,894 Plant and machinery ​ 164,137 ​ (79,453) ​ 84,684 ​ 167,428 ​ (71,509) ​ 95,919 Furniture and fixtures ​ 466,277 ​ (276,904) ​ 189,373 ​ 450,618 ​ (219,166) ​ 231,452 Motor vehicles ​ 341,906 ​ (248,580) ​ 93,326 ​ 356,094 ​ (220,244) ​ 135,850 Office equipment ​ 23,599 ​ (13,164) ​ 10,435 ​ 23,700 ​ (10,909) ​ 12,791 IT equipment ​ 113,790 ​ (80,800) ​ 32,990 ​ 113,630 ​ (71,190) ​ 42,440 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Construction in progress ​ ​ — ​ ​ — ​ ​ — ​ ​ 825,307 ​ ​ — ​ ​ 825,307 Spa equipment, curtains, crockery, glassware and linen. ​ 255,434 ​ (161,724) ​ 93,710 ​ 257,094 ​ (137,598) ​ 119,496 ​ ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ $ 10,833,494 ​ $ (3,434,082) ​ $ 7,399,412
Summary of reconciliation of property and equipment	Reconciliation of property and equipment — 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings ​ 3,950,627 ​ ​ ​ — ​ (215,291) ​ ​ ​ (323,180) ​ 3,412,156 Leasehold Property ​ 1,655,129 ​ ​ ​ — ​ 9,777 ​ — ​ (174,093) ​ 1,490,813 Plant & Machinery ​ 84,685 ​ 9,981 ​ — ​ (37,427) ​ ​ ​ (7,597) ​ 49,642 Furniture and Fixtures ​ 189,372 ​ 65,128 ​ — ​ 6,558 ​ ​ ​ (53,570) ​ 207,488 Motor Vehicles ​ 93,325 ​ — ​ — ​ (21,803) ​ ​ ​ (33,006) ​ 38,516 Office Equipment ​ 10,435 ​ 2,688 ​ — ​ — ​ ​ ​ (6,364) ​ 6,759 IT Equipment ​ 32,989 ​ — ​ — ​ — ​ ​ ​ (7,473) ​ 25,516 Spa Equipment, curtains, crockery, glassware and linen ​ 93,710 ​ — ​ — ​ ​ ​ ​ ​ (35,202) ​ 58,508 ​ ​ $ 7,596,990 ​ $ 77,797 ​ $ — ​ $ (258,186) ​ $ — ​ $ (640,485) ​ $ 6,776,116 Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ ​ 1,486,718 Buildings ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ 825,307 ​ — ​ — ​ ​ ​ (825,307) ​ — ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990	Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance As restated Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings, as restated ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ ​ 825,307 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ (825,307) ​ ​ — ​ ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 Reconciliation of property and equipment — 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Revaluation Depreciation Balance Land ​ ​ 1,486,453 ​ ​ 265 ​ ​ — ​ ​ ​ ​ ​ — ​ — ​ ​ 1,486,718 Buildings ​ 3,448,091 ​ 147,815 ​ — ​ ​ ​ ​ ​ (165,361) ​ 3,430,545 Leasehold Property ​ 832,002 ​ 706,146 ​ — ​ ​ ​ ​ ​ (519,254) ​ 1,018,894 Plant & Machinery ​ 13,390 ​ 93,074 ​ (3,309) ​ ​ ​ ​ ​ (7,236) ​ 95,919 Furniture and Fixtures ​ 239,759 ​ 14,372 ​ — ​ ​ ​ ​ ​ (22,679) ​ 231,452 Motor Vehicles ​ 74,055 ​ 70,791 ​ — ​ ​ ​ ​ ​ (8,996) ​ 135,850 Office Equipment ​ 1,359 ​ 16,658 ​ (214) ​ ​ ​ ​ ​ (5,012) ​ 12,791 IT Equipment ​ 36,015 ​ 18,682 ​ — ​ ​ ​ ​ ​ (12,257) ​ 42,440 Construction in progress ​ — ​ 825,307 ​ — ​ ​ ​ ​ ​ — ​ 825,307 Spa Equipment, curtains, crockery, glassware and linen ​ 130,301 ​ 8,928 ​ (22) ​ ​ ​ ​ ​ (19,711) ​ 119,496 ​ ​ $ 6,261,425 ​ $ 1,902,038 ​ $ (3,545) ​ $ — ​ $ — ​ $ (760,506) ​ $ 7,399,412

RIGHT OF USE ASSET AND LEASE _2

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
Summary of carrying amounts of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (117,959) ​ (39,007) Accumulated depreciation on right of use assets ​ (1,233,934) ​ (726,246) Right of use asset, net. ​ $ 1,077,241 ​ $ 1,663,881	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (39,007) ​ — Accumulated depreciation on right of use assets ​ (726,246) ​ (235,061) Right of use asset, net. ​ $ 1,663,881 ​ $ 2,194,073
Summary of maturity analysis of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Within one year ​ $ 436,270 ​ $ 545,132 Two to five years ​ 298,594 ​ 660,034 Thereafter ​ 9,007,645 ​ 9,924,141 ​ ​ 9,742,509 ​ 11,129,307 Less: finance charges component ​ (8,411,649) ​ (9,276,243) ​ ​ $ 1,330,860 ​ $ 1,853,064 Lease liabilities, current ​ $ 436,271 ​ $ 545,132 Lease liabilities, non-current ​ 894,589 ​ 1,307,932 ​ ​ $ 1,330,860 ​ $ 1,853,064	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Within one year ​ $ 545,132 ​ $ 544,551 Two to five years ​ 660,034 ​ 1,214,787 Thereafter ​ 9,924,141 ​ 15,534,632 ​ ​ 11,129,307 ​ 17,293,970 Less: finance charges component ​ (9,276,243) ​ (15,020,231) ​ ​ $ 1,853,064 ​ $ 2,273,739 Lease liabilities, current ​ $ 545,132 ​ $ 544,551 Lease liabilities, non-current ​ 1,307,932 ​ 1,729,188 ​ ​ $ 1,853,064 ​ $ 2,273,739

INVESTMENTS AT FAIR VALUE (Tabl

INVESTMENTS AT FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS AT FAIR VALUE
Schedule of investments at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Investments in YouGo World ​ $ 28,698 ​ $ 28,698 Other investments ​ 371 ​ 378 Total ​ $ 29,069 ​ $ 29,076	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Investments in YouGo World ​ $ 28,698 ​ $ 28,155 Other investments ​ 378 ​ 371 Total ​ $ 29,076 ​ $ 28,526

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GOODWILL
Summary of changes in goodwill	​ ​ ​ ​ ​ Balance as of January 1, 2020 $ 1,209,953 Additions – ​ — Balance as of December 31, 2020 ​ $ 1,209,953 Additions – foreign currency translation ​ 110,147 Balance as of December 31, 2021 ​ $ 1,320,100	​ ​ ​ ​ ​ Balance as of December 31, 2018, as restated ​ 1,209,953 Additions – ​ — Balance as of December 31, 2019, as restated ​ $ 1,209,953 Additions – ​ — Balance as of December 31, 2020, as restated ​ $ 1,209,953

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTANGIBLE ASSETS
Summary of reconciliation of intangible assets	A reconciliation of intangible assets for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2020 Additions ​ Intangibles Expense Translation 2021 GeniusU software platform $ 2,007,182 $ 804,314 $ — $ — ​ — $ 2,811,496 Trademarks ​ 13,234 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (1,015,502) ​ — ​ — ​ (424,080) ​ 9,821 ​ (1,429,761) Net carrying value ​ $ 1,004,914 ​ $ 804,314 ​ $ — ​ $ (424,080) ​ $ 9,821 ​ $ 1,394,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions Intangibles Expense Translation 2020 GeniusU software platform $ 1,563,193 $ 424,530 ​ ​ $ — $ 19,459 $ 2,007,182 Trademarks ​ ​ ​ — ​ $ 13,234 ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914	A reconciliation of intangible assets for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions ​ Intangibles Expense Translation 2020, as restated Trademarks $ — $ — $ 13,234 $ — $ — $ 13,234 GeniusU software platform ​ $ 1,563,193 ​ $ 424,530 ​ $ — ​ $ — ​ $ 19,459 ​ $ 2,007,182 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2018 Additions Intangibles Expense Translation 2019, as restated GeniusU software platform $ 1,103,705 $ 423,959 $ — $ — $ 35,529 $ 1,563,193 Accumulated Amortization ​ (358,067) ​ ​ ​ ​ ​ (268,499) ​ (14,248) ​ (640,814) Net carrying value ​ $ 745,638 ​ $ 423,959 ​ $ — ​ $ (268,499) ​ $ 21,281 ​ $ 922,379

DEFERRED TAX ASSETS AND LIABI_2

DEFERRED TAX ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED TAX ASSETS AND LIABILITIES
Summary of Deferred tax assets and liabilities	Deferred tax assets and (liabilities) as of December 31, 2021 and 2020 and the related activity for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Other ​ Provision For ​ December 31, ​ ​ 2020 Comprehensive Income Income Taxes 2021 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ ​ — ​ ​ — ​ ​ — ​ $ — Property, plant, and equipment ​ ​ (979,612) ​ ​ — ​ ​ 96,537 ​ $ (883,075) Other ​ (8,431) ​ ​ ​ ​ 8,431 ​ $ — ​ ​ (988,043) ​ — ​ 104,968 ​ (883,075) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ — ​ — ​ ​ — ​ $ — Prepaid expenses ​ (11,849) ​ — ​ (5,346) ​ $ (17,195) Other (Section 24C allowance) ​ 26,452 ​ 23,451 ​ 116 ​ $ 50,019 ​ ​ 14,603 ​ 23,451 ​ (5,230) ​ 32,824 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ — ​ — ​ ​ — ​ $ — Income in Advance ​ 98,015 ​ — ​ 29,114 ​ $ 127,129 Tax Losses ​ — ​ — ​ — ​ $ — Net deferred tax assets and (liabilities) ​ $ (875,425) ​ $ 23,451 ​ $ 128,852 ​ $ (723,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Recognized In ​ Recognized In ​ Balance ​ ​ 2019, as ​ Business ​ Provision For ​ December 31, ​ ​ restated ​ Combinations Income Taxes ​ 2020 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (1,005,005) ​ (69,537) ​ 94,930 ​ (979,612) Other ​ — ​ — ​ (8,431) ​ (8,431) ​ ​ (1,005,005) ​ — ​ 86,499 ​ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ (11,849) Other (Other) ​ — ​ — ​ 26,452 ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ ​ (174,963) ​ ​ — ​ ​ 280,070 ​ — ​ (182,056) ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425)	Deferred tax assets and (liabilities) as of December 31, 2020 and 2019 and the related activity for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2019, as restated Combinations Income Taxes 2020, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ ​ (1,005,005) ​ ​ (69,537) ​ ​ 94,930 ​ ​ (979,612) Other ​ — ​ ​ ​ ​ (8,431) ​ $ (8,431) ​ ​ (1,005,005) ​ (69,537) ​ 86,499 ​ $ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ ​ (11,849) Other (Other) ​ ​ — ​ ​ — ​ ​ 26,452 ​ ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ (174,963) ​ ​ — ​ ​ ​ 280,071 ​ ​ — ​ ​ (182,056) ​ ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Recognized In ​ Recognized In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2018 ​ Combinations Income Taxes ​ 2019, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (853,231) ​ (218,402) ​ 66,628 $ (1,005,005) Other ​ — ​ — ​ — $ — ​ ​ (853,231) ​ (218,402) ​ 66,628 ​ (1,005,005) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ ​ — ​ ​ — ​ ​ — ​ $ — Prepaid expenses ​ ​ (1,536) ​ ​ — ​ ​ 1,536 ​ $ — Other (Section 24C allowance) ​ (70,427) ​ — ​ 58,718 $ (11,709) ​ ​ (71,963) ​ — ​ 60,254 ​ (11,709) Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ ​ — ​ ​ — ​ ​ — ​ $ — Income in Advance ​ 117,378 ​ — ​ (12,270) $ 105,108 Tax Losses ​ 373,618 ​ ​ ​ ​ (198,656) ​ $ 174,963 ​ ​ 490,996 ​ ​ ​ (210,926) ​ 280,071 Net deferred tax assets and (liabilities) ​ $ (434,198) ​ $ (218,402) ​ $ (84,044) ​ $ (736,645)
Summary of unused tax losses for which no deferred tax assets have been recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Unused tax losses for which no deferred tax assets has been recognized ​ $ (9,982,291) ​ $ (6,155,623) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (2,050,255) ​ $ (1,305,245)	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 2019 Unused tax losses for which no deferred tax assets has been recognized ​ $ (6,155,623) ​ $ (4,044,750) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (1,305,245) ​ $ (768,413)

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Schedule of accrued expenses and other current liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Accrued expenses ​ $ 390,138 ​ $ 233,842 North West Parks Board ​ ​ 1,177,050 ​ ​ 1,049,515 Other taxation payable ​ 33,314 ​ 104,368 VAT ​ 48,493 ​ 28,271 Derivative liability ​ 250,000 ​ 250,000 Sundry payables ​ 165,307 ​ 144,226 Total ​ $ 2,064,302 ​ $ 1,810,222	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Accrued expenses ​ $ 233,842 ​ $ 275,258 North West Parks Board ​ ​ 1,049,515 ​ ​ 986,516 Other taxation payable ​ 104,368 ​ 135,381 VAT ​ 28,271 ​ 33,938 Derivative liability ​ 250,000 ​ — Sundry payables ​ 144,226 ​ 11,497 Total ​ $ 1,810,222 ​ $ 1,442,590

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED REVENUE
Summary of deferred revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Advance bookings for lodges ​ $ 293,716 ​ $ 379,305 Educational revenue paid in advance ​ ​ 1,630,723 ​ ​ 1,026,700 Other prepaid income ​ 638,473 ​ 140,707 Total ​ $ 2,561,912 ​ $ 1,546,712	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Advance bookings for lodges ​ $ 379,305 ​ $ 399,291 Educational revenue paid in advance ​ ​ 1,026,700 ​ ​ 2,724,427 Other prepaid income ​ 140,707 ​ 107,713 Total ​ $ 1,546,712 ​ $ 3,231,431
Summary of analysis of contractual obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Deferred revenue, beginning ​ $ 1,546,712 ​ $ 3,231,431 Addition ​ 1,773,994 ​ 1,220,972 Usage ​ (758,794) ​ (2,905,691) Deferred revenue, ending ​ $ 2,561,912 ​ $ 1,546,712

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE
Summary of loans payable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2020 Loans payable – current portion ​ $ 65,415 ​ $ 65,611 Loans payable – non-current portion ​ ​ 85,858 ​ ​ 157,629 Total ​ $ 151,273 ​ $ 223,240	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Loans payable – current portion ​ $ 65,611 ​ $ 64,379 Loans payable – non-current portion ​ ​ 157,629 ​ ​ 1,217,509 Total ​ $ 223,240 ​ $ 1,281,888

LOANS PAYABLE - RELATED PARTI_2

LOANS PAYABLE - RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE - RELATED PARTIES
Summary of loans from related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Loan payable to related parties for the acquisition of Wealth Dynamics ​ ​ ​ ​ ​ ​ Current portion ​ $ 425,551 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ — Subtotal ​ 425,551 ​ 400,000 Other loans payable to related parties, current ​ — ​ 189,502 Total loans payable to related parties ​ $ 425,551 ​ $ 589,502	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Loan payable to related parties for the acquisition of Entrepreneurs Institute ​ ​ ​ ​ ​ ​ Current portion ​ $ 400,000 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ 400,000 Subtotal ​ 400,000 ​ 800,000 Other loans payable to related parties, current ​ 189,502 ​ 32,800 Total loans payable to related parties ​ $ 589,502 ​ $ 832,800

CONVERTIBLE DEBT OBLIGATIONS (T

CONVERTIBLE DEBT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONVERTIBLE DEBT OBLIGATIONS
Summary of convertible debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Convertible debt obligations, beg, gross ​ $ 1,531,639 ​ $ 1,918,340 Converted to equity ​ (257,629) ​ (386,701) Deferred debt discount ​ — ​ — Convertible debt obligations, end, net ​ $ 1,274,010 ​ $ 1,531,639 Convertible debt obligations, current portion ​ $ 507,765 ​ $ 1,531,639 Convertible debt obligations, non-current portion ​ $ 766,245 ​ $ 1,531,639	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Convertible debt obligations, gross ​ $ 1,531,639 ​ $ 2,256,178 Deferred debt discount ​ — ​ (337,838) Convertible debt obligations, net ​ $ 1,531,639 ​ $ 1,918,340

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EQUITY
Schedule of stock options using the Black-Scholes option pricing model and used the assumptions	​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2021 2020 ​ Risk-free interest rate ​ 0.73 % 0.13 % Contractual term (years) 1-3 2.00 ​ Expected volatility 66.00 % 42.00 % Expected dividends 0.00 % 0.00 %	​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2020 2019 ​ Risk-free interest rate ​ 0.13 % 2.50 % Contractual term (years) 2.00 2.00 ​ Expected volatility 42.00 % 39.00 % Expected dividends 0.00 % 0.00 %
Summary of option activity	A summary of the option activity during the year ended December 31, 2021 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2021 73,428 5.81 1.00 97,782 Granted 85,836 5.81 2 Exercised — — — — Expired — — — — Outstanding Dec 31, 2021 159,264 5.81 1.00 ​	A summary of the option activity during the years ended December 31, 2020 and 2019 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2018 253,818 2.43 1.00 119,667 Granted 257,478 3.56 0.00 0 Exercised (253,818) 2.43 0.00 0 Expired ​ 0 ​ 0.00 ​ 0.00 ​ 0 Outstanding Dec 31, 2019 ​ 257,478 ​ 3.56 ​ 1.00 ​ 580,613 Granted ​ 73,428 ​ 5.81 ​ 0.00 ​ 0 Exercised ​ (257,478) ​ 0.00 ​ 0.00 ​ 0 Expired 0 0.00 0.00 0 Outstanding Dec 31, 2020 73,428 5.81 1.00 97,782 ​
Schedule of information related to options outstanding	The following table presents information related to options outstanding at December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2021 ​ $ 5.81 85,836 Genius Group 1 n/a ​	The following table presents information related to options outstanding at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2019 ​ $ 3.56 ​ 257,478 ​ Genius Group ​ n/a ​ n/a 2020 ​ $ 5.81 73,428 Genius Group n/a n/a ​

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 3,102,210 ​ $ 1,280,320 – Rendering of services. ​ — ​ 735,246 Campus sub-total ​ 3,102,210 ​ 2,015,566 Education Revenue ​ ​ – Digital. ​ 9,676,052 ​ 5,298,227 – In-Person. ​ — ​ 319,983 Education sub-total ​ 9,676,052 ​ 5,618,210 Total Revenue ​ $ 12,778,262 ​ $ 7,633,776	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 1,280,320 ​ $ 1,796,961 – Rendering of services. ​ 735,246 ​ 2,635,035 Campus sub-total ​ 2,015,566 ​ 4,431,996 Education Revenue ​ ​ ​ ​ – Digital. ​ 5,298,227 ​ 4,771,253 – In-Person. ​ 319,983 ​ 745,808 Education sub-total ​ 5,618,210 ​ 5,517,061 Total Revenue ​ $ 7,633,776 ​ $ 9,949,057

OTHER OPERATING INCOME (Tables)

OTHER OPERATING INCOME (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER OPERATING INCOME
Schedule of other operating income	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Other income ​ $ — ​ $ 133,519 Subsidy from Government ​ ​ 499,300 ​ ​ — ​ ​ $ 499,300 ​ $ 133,519	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Administration and management fees received ​ $ — ​ $ 12,458 Other income ​ ​ 133,519 ​ ​ 81,673 ​ ​ $ 133,519 ​ $ 94,131

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GENERAL AND ADMINISTRATIVE EXPENSES
Schedule of general and administrative expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Consulting and professional services ​ $ 660,117 ​ $ 424,891 Marketing ​ 73,277 ​ 72,942 Rent expense ​ 250,994 ​ 144,423 Repairs and maintenance ​ 11,144 ​ 103,152 Salaries, wages, bonuses and other benefits ​ 4,197,397 ​ 3,031,485 Travel ​ 13,356 ​ 13,356 Utilities ​ 142,019 ​ 112,027 Other ​ 1,151,991 ​ 1,314,430 Development charges ​ 456,180 ​ 378,010 Stock-based compensation ​ 293,837 ​ 394,717 Provision for doubtful debts ​ (39,108) ​ 161,788 Total general and administrative expenses ​ $ 7,211,204 ​ $ 6,151,221	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Consulting and professional services ​ $ 424,891 ​ $ 606,738 Marketing ​ 72,942 ​ 814,873 Rent expense ​ 144,423 ​ 457,735 Repairs and maintenance ​ 103,152 ​ 120,023 Salaries, wages, bonuses and other benefits ​ 3,031,485 ​ 3,538,114 Travel ​ 13,356 ​ 447,383 Utilities ​ 112,027 ​ 85,319 Other ​ 1,314,430 ​ 499,834 Development charges ​ 378,010 ​ 360,933 Stock-based compensation ​ 394,717 ​ 171,768 Provision for doubtful debts ​ 161,788 ​ — Total general and administrative expenses ​ $ 6,151,221 ​ $ 7,102,720

INTEREST EXPENSE, NET (Tables)

INTEREST EXPENSE, NET (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTEREST EXPENSE, NET
Schedule of company earned interest income and incurred interest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Interest (expense) income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ (74,081) ​ $ 55,649 Total interest (expense) income ​ (74,081) ​ 55,649 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 131,291 Other interest paid – loans ​ 103,357 ​ 455,394 Amortization of debt discount ​ 140,837 ​ 322,947 Total interest expense/ finance costs ​ 375,485 ​ 909,632 Total interest (expense), net ​ $ (449,566) ​ $ (853,983)	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Interest income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ 55,649 ​ $ 1,996 Other financial assets – loans ​ — ​ 102,431 Total interest income ​ 55,649 ​ 104,427 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 122,190 Other interest paid – loans ​ 455,394 ​ 266,059 Amortization of debt discount ​ 322,947 ​ 580,049 Total interest expense/ finance costs ​ 909,632 ​ 968,298 Total interest (expense) income, net ​ $ (853,983) ​ $ (863,871)

INCOME TAX EXPENSE (Tables)

INCOME TAX EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX EXPENSE
Schedule of provision for income taxes provisions (benefits) and deferred income tax	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current tax: ​ ​ ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ — ​ ​ — ​ — Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ (29,230) ​ 155,603 Decrease in deferred tax liabilities ​ (99,622) ​ (86,358) ​ ​ (128,852) ​ 69,245 (Benefit from) Provision for income taxes, as previously reported ​ $ (128,852) ​ $ 69,245	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 ​ ​ As restated ​ As restated Current tax: ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ 27,265 ​ ​ — ​ 27,265 Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ 155,603 ​ 210,926 Decrease in deferred tax liabilities ​ (86,358) ​ (126,881) ​ ​ 69,245 ​ 84,045 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310
Schedule of reconciliation of income taxes at the statutory rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Income (loss) from continuing operations before provision for income taxes ​ $ (4,618,050) ​ $ (3,123,070) Tax at the Singapore rate of 17% ​ $ (785,069) ​ $ (530,922) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 31,272 ​ 39,478 Current period net operating losses not recognized as a deferred tax asset ​ 743,997 ​ 407,519 Rate differential – non-Singapore entities ​ (55,045) ​ (24,305) Other deferred tax activity ​ ​ (64,007) ​ 177,474 Provision for income taxes ​ $ (128,852) ​ $ 69,245	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 ​ ​ As restated Income (loss) from continuing operations before provision for income taxes ​ $ (3,123,070) ​ $ (1,119,009) Tax at the Singapore rate of 17% ​ $ (530,922) ​ $ (190,232) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 39,478 ​ 91,519 Usage of unrecorded net operating loss deferred tax asset ​ ​ — ​ ​ (316,226) Current period net operating losses not recognized as a deferred tax asset ​ 407,519 ​ 272,204 Rate differential – non-Singapore entities ​ (24,305) ​ 188,728 Reversal of deferred tax liability ​ ​ — ​ ​ — Other deferred tax activity ​ ​ 177,474 ​ 65,317 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EARNINGS PER SHARE
Summary of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Basic loss per share from continuing operations ​ $ (0.28) ​ $ (0.25) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss ​ $ (4,489,198) ​ $ (3,192,314) Non-controlling Interest ​ (173,959) ​ (75,159) Loss attributable to ordinary shareholders ​ $ (4,663,157) ​ $ (3,117,155) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 16,155,812 ​ 9,742,998 Issued in current year ​ — ​ 6,412,812 Issued at the end of the year ​ 16,155,812 ​ 16,155,812 Weighted average ​ 16,155,812 ​ 12,575,605 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 7,138,140	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 Basic loss per share from continuing operations, as restated ​ $ (0.25) ​ $ (0.14) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss, as restated ​ $ (3,192,314) ​ $ (1,230,319) Non-controlling Interest ​ 75,159 ​ — Loss attributable to ordinary shareholders, as restated ​ $ (3,117,155) ​ $ (1,230,319) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 9,742,998 ​ 7,926,570 Issued in current year ​ 6,412,812 ​ 1,816,428 Issued at the end of the year ​ 16,155,812 ​ 9,742,998 Weighted average ​ 12,575,605 ​ 8,492,924 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 377,928

FAIR VALUE INFORMATION (Tables)

FAIR VALUE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE INFORMATION
Summary of financial assets and liabilities by level within the fair value hierarchy	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 1,784,938 ​ $ — ​ $ — ​ $ 1,784,938 Accounts receivable ​ — ​ 1,018,003 ​ — ​ 1,018,003 Other Receivable ​ ​ ​ ​ ​ ​ ​ ​ 66,000 ​ ​ ​ Due from related parties ​ — ​ 44,245 ​ — ​ 44,245 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,069 ​ 29,069 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ Accounts payable ​ — ​ 1,078,381 ​ — ​ 1,078,381 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 151,273 ​ — ​ 151,273 Loans payable, related parties ​ — ​ 425,551 ​ — ​ 425,551 Lease liabilities ​ — ​ 1,330,860 ​ — ​ 1,330,860 Convertible debt obligations, net ​ — ​ 1,274,010 ​ — ​ 1,274,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ ​ — ​ $ 2,273,151 Accounts receivable ​ ​ — ​ ​ 948,341 ​ ​ — ​ ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ ​ 250,000 Loans payable ​ ​ — ​ ​ 223,240 ​ ​ — ​ ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ ​ 1,531,639	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ $ — ​ $ 2,273,151 Accounts receivable ​ — ​ 948,341 ​ — ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 223,240 ​ — ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ 1,531,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 3,290,095 ​ $ — ​ ​ — ​ $ 3,290,095 Accounts receivable ​ ​ — ​ ​ 1,263,849 ​ ​ — ​ ​ 1,263,849 Due from related parties ​ — ​ 67,310 ​ — ​ ​ 97,310 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 28,526 ​ ​ 28,526 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 486,871 ​ — ​ ​ 486,871 Loans payable ​ ​ — ​ ​ 1,281,888 ​ ​ — ​ ​ 1,281,888 Loans payable, related parties ​ — ​ 832,800 ​ — ​ ​ 832,800 Lease liabilities ​ — ​ 2,273,739 ​ — ​ ​ 2,273,739 Convertible debt obligations, net ​ — ​ 1,918,340 ​ — ​ ​ 1,918,340

RELATED PARTIES (Tables)

RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Summary of relationships of related parties	​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik	​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik

KEY MANAGEMENT COMPENSATION (Ta

KEY MANAGEMENT COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
KEY MANAGEMENT COMPENSATION
Summary of compensation awarded to or earned by our executive officers and compensation earned for service on our Board of Directors by our non-employee directors	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 593,195 ​ $ 28,310 ​ $ 621,505 ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 Michelle Clarke Chief Marketing Officer ​ 110,846 ​ 4,067 ​ 114,913 ​ 83,235 ​ 18,553 ​ 101,788 Suraj Naik Chief Technology Officer ​ 88,682 ​ 3,921 ​ 92,603 ​ 67,719 ​ 13,274 ​ 80,993 Sandra Morrell Chief Operating Officer ​ 40,172 ​ 6,748 ​ 46,920 ​ 151,439 ​ 30,284 ​ 181,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,889 ​ ​ — ​ $ 8,889 ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 Nic Lim Director ​ 8,889 ​ — ​ 8,889 ​ 6,964 ​ 36,614 ​ 43,578 Anna Gong Director ​ 8,889 ​ — ​ 8,889 ​ 8,705 ​ 34,870 ​ 43,575 Jeremy Harris Director ​ 67,548 ​ 594 ​ 68,142 ​ 39,652 ​ 8,578 ​ 48,230 Dennis DuBois Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 Lisa Bovio Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 ​ $ 432,411 ​ $ 60,007 ​ $ 492,418 Michelle Clarke Chief Marketing Officer ​ 83,235 ​ 18,553 ​ 101,788 ​ 93,746 ​ 15,870 ​ 109,616 Suraj Naik Chief Technology Officer ​ 67,719 ​ 13,274 ​ 80,993 ​ 75,701 ​ 11,588 ​ 82,289 Sandra Morrell Chief Operating Officer ​ 151,439 ​ 30,284 ​ 181,723 ​ 165,947 ​ 20,150 ​ 186,097 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 ​ $ — ​ $ — ​ $ — Nic Lim Director ​ 6,964 ​ 36,614 ​ 43,578 ​ 5,882 ​ — ​ 5,882 Anna Gong Director ​ 8,705 ​ 34,870 ​ 43,575 ​ 5,882 ​ — ​ 5,882 Jeremy Harris Director ​ 39,652 ​ 8,578 ​ 48,230 ​ 50,688 ​ — ​ 50,688 Dennis DuBois Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 Lisa Bovio Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SEGMENT REPORTING
Summary of detailed segment information	The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Periods Ended December. 31 ​ ​ 2021 2020 ​ Education Campus Total Education Campus Total Revenues ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 Depreciation and Amortization (1)(2) ​ $ 426,740 ​ $ 1,148,173 ​ $ 1,574,913 ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 (Loss) income from Operations ​ $ (2,153,975) ​ $ (2,014,508) ​ $ (4,168,484) ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) Net Profit or Loss ​ $ (2,252,794) ​ $ (2,365,255) ​ $ (4,618,050) ​ $ (53,722) ​ $ (3,069,347) ​ $ (3,123,069) Interest Expense, net ​ $ 98,819 ​ $ 350,747 ​ $ 449,566 ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 Capital Expenditures ​ $ — ​ ​ — ​ $ — ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 Total Property and Equipment, net ​ $ 15,442 ​ $ 6,760,674 ​ $ 6,776,116 ​ $ 10,881 ​ $ 7,586,109 $ 7,596,990 Total Assets ​ $ 5,122,967 ​ $ 12,472,440 ​ $ 17,595,407 ​ $ 3,336,242 ​ $ 13,621,471 $ 16,957,713 Total Liabilities ​ $ 3,589,315 ​ $ 6,020,096 ​ $ 9,609,411 ​ $ 5,852,323 ​ $ 3,399,301 $ 9,251,624 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment Consists of $1,109,309 (2020- $937,773 ) which is included in cost of revenue and $38,864 (2020- $47,537 ) which is included in operating expenses in the accompanying statements of operations.	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 2019 ​ Education Campus Total Education Campus Total Revenues ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,061 ​ $ 4,431,996 ​ $ 9,949,057 Depreciation and Amortization, as restated (1)(2) ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as restated ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss) income as restated ​ $ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as restated ​ $ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 $ 7,399,412 Total Assets, as restated ​ $ 3,336,242 ​ $ 13,621,471 ​ $ 16,957,713 ​ $ 3,523,344 ​ $ 14,036,804 $ 17,560,148 Total Liabilities, as restated ​ $ 5,852,323 ​ $ 3,399,301 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 $ 12,229,451 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment consists of $913,492 (2019- $937,773 ) which is included in cost of revenue and $40,906 (2019- $47,537 ) which is included in operating expenses in the accompanying statements of operations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Revenues $ 5,618,210 $ 2,015,566 $ 7,633,776 $ 5,517,061 $ 4,431,996 $ 9,949,057 Depreciation and Amortization, as previously reported ​ ​ 914,195 ​ $ 1,226,131 ​ $ 2,140,326 ​ $ 373,465 ​ $ 985,310 ​ $ 1,358,775 Adjustments (Note 4)(1) ​ ​ (298,000) ​ ​ (271,733) ​ ​ (569,733) ​ ​ (96,667) ​ ​ — ​ ​ (96,667) Depreciation and Amortization, as restated ​ ​ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as previously reported ​ ​ 8,710 ​ $ (3,259,292) ​ $ (3,250,582) ​ $ (1,302,451) ​ $ 166,911 ​ $ (1,135,540) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 (Loss) income from Operations, as restated ​ ​ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss), as previously reported ​ $ (135,636) ​ $ (3,341,080) ​ $ (3,476,716) ​ $ (1,286,019) ​ ​ (24,534) ​ $ (1,310,553) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 Adjustments (Note 4 - income tax) ​ ​ (229,973) ​ ​ (55,358) ​ ​ (285,331) ​ ​ (16,433) ​ ​ — ​ ​ (16,433) Net (Loss), as restated ​ ​ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as previously reported ​ ​ 10,881 ​ $ 7,239,965 ​ $ 7,250,846 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Adjustments (Note 4) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Total Property and Equipment, net, as restated ​ ​ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Total Assets, as previously reported ​ $ 12,030,161 ​ $ 41,755,288 ​ $ 53,785,449 ​ $ 12,422,243 ​ $ 19,160,141 ​ $ 31,582,385 Adjustments (Note 4 - Property and equipment) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Adjustments (Note 4 - Goodwill) ​ ​ (3,655,567) ​ ​ (14,110,257) ​ ​ (17,765,824) ​ ​ (3,655,567) ​ ​ (5,123,337) ​ ​ (8,778,904) Adjustments (Note 4 - Intangible assets) ​ ​ (4,945,333) ​ ​ (14,697,982) ​ ​ (19,643,315) ​ ​ (5,243,333) ​ ​ — ​ ​ (5,243,333) Adjustments (Foreign currency translation) ​ ​ — ​ ​ 235,259 ​ ​ 235,259 ​ ​ — ​ ​ — ​ ​ — Total Assets, as restated ​ $ 3,429,261 ​ $ 13,528,452 ​ $ 16,957,713 ​ $ 3,523,343 ​ $ 14,036,804 ​ $ 17,560,147 Total Liabilities, as previously reported ​ $ 5,673,010 ​ $ 6,870,135 ​ $ 12,543,145 ​ $ 4,468,709 ​ $ 8,341,876 ​ $ 12,810,585 Adjustments (Note 4 - deferred tax liability) ​ ​ 229,973 ​ (3,521,494) ​ ​ (3,291,521) ​ ​ — ​ ​ (581,134) ​ ​ (581,134) Total Liabilities, as restated ​ $ 5,902,983 ​ $ 3,348,641 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 ​ $ 12,229,451 (1) Depreciation and amortization adjustments are adjusted to cost of revenue in the accompanying statements of operations.
Summary of revenue and non-current assets (other than financial instruments) by geographic location	A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 3,630,760 ​ $ 1,554,828 ​ $ 5,185,588 ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 Asia / Pacific ​ 3,346,691 ​ 1,547,382 ​ 4,894,073 ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 North America / South America ​ 2,698,601 ​ — ​ 2,698,601 ​ 1,595,331 ​ — ​ 1,595,331 ​ ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 602 ​ $ 8,476,791 ​ ​ 8,477,393 ​ $ 802 ​ $ 503,853 ​ $ 504,655 Asia / Pacific ​ — ​ 2,120,102 ​ 2,120,102 ​ 499,772 ​ 10,500,388 ​ 11,000,159 North America / South America ​ 501,750 ​ — ​ 501,750 ​ 516,296 ​ — ​ 516,296 ​ ​ $ 502,352 ​ $ 10,596,893 ​ ​ 11,099,245 ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110	A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 ​ $ 1,818,859 ​ $ 1,951,769 ​ $ 3,770,628 Asia / Pacific ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 ​ 2,108,503 ​ 2,480,027 ​ 4,588,530 North America / South America ​ 1,595,331 ​ — ​ 1,595,331 ​ 1,589,899 ​ — ​ 1,589,899 ​ ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,261 ​ $ 4,431,796 ​ $ 9,949,057 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ As restated ​ As restated ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 802 ​ $ 503,853 ​ $ 504,655 ​ $ — ​ $ 7,786,240 ​ $ 7,786,240 Asia / Pacific ​ 499,772 ​ 10,500,387 ​ 11,000,159 ​ 962,424 ​ 3,005,679 ​ 3,968,103 North America / South America ​ 516,296 ​ — ​ 516,296 ​ — ​ — ​ — ​ ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​ $ 962,424 ​ $ 10,791,919 ​ $ 11,754,343

BUSINESS ORGANIZATION AND NAT_2

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Decrease in operating expenses	$ 740,000	$ 740,000
Government Job Support Scheme	230,000	230,000
Amount of insurance support received	100,000	100,000
Amount of reduced or deferred salaries	$ 290,000	$ 290,000
Percentage of general cost reduction	5%	5%
Amount of general cost of reduction on operating expenses	$ 350,000	$ 350,000
Income from government grants	499,300
Genius Central Singapore Pte Ltd
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	100,000	100,000
Rent waiver	120,000	120,000
Wealth Dynamics Pte Ltd
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	20,000	20,000
Matla Game Lodge
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of insurance support received	20,000	20,000
Genius Group
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	20,000	20,000
Income from government grants	490,300
Entrepreneur Resorts
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	60,000	60,000
Tau Game Lodge
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	110,000	110,000
Amount of insurance support received	80,000	80,000
Amount of reduced or deferred salaries	50,000	50,000
GeniusU
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	$ 160,000	$ 160,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment-2 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	20 years	20 years
Plant and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Fixtures and fittings
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Motor vehicle
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Spa Equipment, Curtains, Crockery, Glassware and Linen [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Construction in progress [member]
Disclosure of detailed information about property, plant and equipment [line items]
Construction in progress	$ 0	$ 0	$ 825,307
Depreciation expense	$ 0	$ 0
Maximum | IT Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Maximum | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	8 years	8 years
Minimum | IT Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	3 years	3 years
Minimum | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	2 years	2 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Development costs
Intangible assets
Useful life (in years)	5 years	5 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Impairment of Long-Lived Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Impairment loss	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue from contracts with customers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred revenue for remaining unsatisfied performance obligations	$ 2,561,912	$ 1,546,712	$ 3,231,431
Amount of recognized revenue that was included in the deferred revenue balance at the beginning of the period	$ 758,794	$ 2,905,691	$ 2,155,612

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) £ in Millions		12 Months Ended
	Jul. 17, 2020 USD ($)	Dec. 31, 2020 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)
BUSINESS COMBINATIONS
Purchase consideration			$ 4,700,000	£ 3.6
Less: Acquired liabilities
Difference between the purchase consideration and the total of net assets acquired	$ 25,190,856
Entrepreneur Resorts
BUSINESS COMBINATIONS
Voting interest acquired (in percent)	97.80%	97.80%
Purchase consideration	$ 30,997,810	$ 30,997,810
Consideration made up of shares	30,997,810	30,997,810
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition
Cash and cash equivalents	1,376,396	1,376,396
Accounts receivable, net	196,434	196,434
Due from related parties	3,171	3,171
Inventories	157,927	157,927
Prepaid expenses and other current assets	613,164	613,164
Property and equipment, net	6,865,544	6,865,544
Operating lease right-of-use asset	1,740,083	1,740,083
Other intangible assets	67,849	67,849
Goodwill	1,209,953	1,209,953
Total acquired assets	12,230,521	12,230,521
Less: Acquired liabilities
Accounts payable	56,490	56,490
Accrued expenses and other current liabilities	1,013,665	1,013,665
Deferred revenue	564,215	564,215
Operating lease liabilities - current portion	519,740	519,740
Deferred tax liability	607,270	607,270
Operating lease liabilities - non-current portion	1,311,110	1,311,110
Loans payable - non-current portion	1,000,000	1,000,000
Convertible debt obligations	1,220,450	1,220,450
Total acquired liabilities	6,292,940	6,292,940
Net assets	5,937,581	5,937,581
Net assets acquired - 97.8% controlling interest	$ 5,806,954	5,806,954
Difference between the purchase consideration and the total of net assets acquired		$ 25,190,856

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
INVENTORIES
Food and beverage	$ 38,500	$ 42,694		$ 47,224
Merchandise	51,777	59,943		65,098
Consumables	2,253	9,906		7,194
Total inventories	$ 92,530	$ 112,543	[1]	$ 119,516	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses	$ 3,349,990	$ 1,305,088		$ 832,280
Deposits	59,925	226,189		223,718
Other receivables	80,531	17,440		9,037
Total	$ 3,490,446	$ 1,548,717	[1]	$ 1,065,035	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PROPERTY AND EQUIPMENT - Proper

PROPERTY AND EQUIPMENT - Property and equipment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	$ 6,776,116	$ 7,596,990	[1]	$ 7,399,412	[1]	$ 6,261,425
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	11,554,308	11,733,570		10,833,494
Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(4,768,192)	(4,136,580)		(3,434,082)
Office space
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,486,718	1,486,718		1,486,718		1,486,453
Office space | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,486,718	1,486,718		1,486,718
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	3,412,156	3,950,627		3,430,545		3,448,091
Buildings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,401,241	4,625,408		3,774,580
Buildings | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(989,085)	(674,781)		(344,035)
Leasehold property.
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,490,813	1,655,127		1,018,894
Leasehold property. | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,261,623	4,251,845		3,373,869
Leasehold property. | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(2,770,810)	(2,596,718)		(2,354,975)
Plant and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	49,642	84,684		95,919		13,390
Plant and machinery | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	136,692	164,137		167,428
Plant and machinery | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(87,050)	(79,453)		(71,509)
Fixtures and fittings
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	207,488	189,373		231,452		239,759
Fixtures and fittings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	537,964	466,277		450,618
Fixtures and fittings | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(330,476)	(276,904)		(219,166)
Motor vehicle
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	38,516	93,326		135,850
Motor vehicle | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	320,103	341,906		356,094
Motor vehicle | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(281,587)	(248,580)		(220,244)
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	6,759	10,435		12,791		1,359
Office equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	26,287	23,599		23,700
Office equipment | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(19,528)	(13,164)		(10,909)
IT equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	25,516	32,990		42,440
IT equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	113,790	113,790		113,630
IT equipment | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(88,274)	(80,800)		(71,190)
Computer Software | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,456	4,456		4,456
Computer Software | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(4,456)	(4,456)		(4,456)
Spa equipment, curtains, crockery, glassware and linen
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	58,508	93,710		119,496		$ 130,301
Spa equipment, curtains, crockery, glassware and linen | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	255,434	255,434		257,094
Spa equipment, curtains, crockery, glassware and linen | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	$ (196,926)	$ (161,724)		$ (137,598)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PROPERTY AND EQUIPMENT - Reconc

PROPERTY AND EQUIPMENT - Reconciliation of property and equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	$ 7,596,990	[1]	$ 7,399,412	[1]	$ 6,261,425
Additions	77,797		588,843		1,902,038
Disposals			(25,236)		(3,545)
Translation	(258,186)		336,510
Depreciation	(640,485)		(702,539)		(760,506)
Closing Balance	6,776,116		7,596,990	[1]	7,399,412	[1]
Office space
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	1,486,718		1,486,718		1,486,453
Additions					265
Closing Balance	1,486,718		1,486,718		1,486,718
Buildings
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	3,950,627		3,430,545		3,448,091
Additions			490,961		147,815
Translation	(215,291)		359,867
Depreciation	(323,180)		(330,746)		(165,361)
Closing Balance	3,412,156		3,950,627		3,430,545
Leasehold property
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	1,655,129		1,018,894		832,002
Additions			54,250		706,146
Translation	9,777		(1,579)
Reclass			825,307
Depreciation	(174,093)		(241,743)		(519,254)
Closing Balance	1,490,813		1,655,129		1,018,894
Plant and machinery
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	84,684		95,919		13,390
Additions	9,981				93,074
Disposals					(3,309)
Translation	(37,427)		(3,291)
Depreciation	(7,597)		(7,944)		(7,236)
Closing Balance	49,642		84,684		95,919
Fixtures and fittings
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	189,373		231,452		239,759
Additions	65,128		39,739		14,372
Disposals			(24,033)
Translation	6,558
Depreciation	(53,570)		(57,785)		(22,679)
Closing Balance	207,488		189,373		231,452
Motor vehicles.
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,325
Translation	(21,803)
Depreciation	(33,006)
Closing Balance	38,516		93,325
Motor vehicles
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,780		135,850		74,055
Additions					70,791
Translation			(13,734)
Depreciation			(28,336)		(8,996)
Closing Balance			93,780		135,850
Office equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	10,435		12,791		1,359
Additions	2,688		3,893		16,658
Disposals			(1,203)		(214)
Translation			(2,751)
Depreciation	(6,364)		(2,295)		(5,012)
Closing Balance	6,759		10,435		12,791
IT equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	32,990		42,440
Translation			(341)
Depreciation	(7,473)		(9,564)
Closing Balance	25,516		32,990		42,440
IT Equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	32,535		42,440		36,015
Additions					18,682
Translation			(341)
Depreciation			(9,564)		(12,257)
Closing Balance			32,535		42,440
Construction in progress [member]
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance			825,307
Additions					825,307
Reclass			(825,307)
Closing Balance					825,307
Spa equipment, curtains, crockery, glassware and linen
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,710		119,496		130,301
Additions					8,928
Disposals					(22)
Translation			(1,661)
Depreciation	(35,202)		(24,126)		(19,711)
Closing Balance	$ 58,508		$ 93,710		$ 119,496
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

RIGHT OF USE ASSET AND LEASE _3

RIGHT OF USE ASSET AND LEASE LIABILITY- Carrying amounts of right-of-use assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	$ (1,077,241)	$ (1,663,881)	[1]	$ (2,194,073)	[1]
Depreciation of right-of-use assets	507,688	491,185		235,061
Foreign currency translation
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(117,959)	(39,007)
Accumulated Depreciation
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	1,233,934	726,246		235,061
Buildings
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(1,378,312)	(1,378,312)		(1,378,312)
Office space
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(58,412)	(58,412)		(58,412)
Leasehold property
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	$ (992,410)	$ (992,410)		$ (992,410)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

RIGHT OF USE ASSET AND LEASE _4

RIGHT OF USE ASSET AND LEASE LIABILITY - maturity analysis of lease liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 9,742,509	$ 11,129,307		$ 17,293,970
Less: finance charges component	(8,411,649)	(9,276,243)		(15,020,231)
Lease liabilities, net	1,330,860	1,853,064		2,273,739
Lease liabilities, current	436,271	545,132	[1]	544,551	[1]
Lease liabilities, non-current	$ 894,589	$ 1,307,932	[1]	1,729,188	[1]
Weighted average discount rate utilized to calculate the present value of the lease liabilities	11.25%	11.25%
Within one year
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 436,270	$ 545,132		544,551
Two to five years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	298,594	660,034		1,214,787
Thereafter
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 9,007,645	$ 9,924,141		$ 15,534,632
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INVESTMENTS AT FAIR VALUE - Sum

INVESTMENTS AT FAIR VALUE - Summary of investments at fair value (Details) - USD ($)	Sep. 11, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		$ 29,069	$ 29,076	$ 28,526
Percentage of interest purchase from investment company	2.50%
Investments in You Go World
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		28,698	28,698	28,155
Other investments
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		$ 371	$ 378	$ 371

GOODWILL (Details)

GOODWILL (Details)	12 Months Ended
	Dec. 31, 2020 USD ($)
Changes in goodwill
Balance at the beginning	$ 1,209,953	[1]
Additions - foreign currency translation	110,147
Balance at the end	$ 1,209,953	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of reconciliation of intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Depreciation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	$ (1,015,502)	$ (640,814)	$ (358,067)
Amortization Expense	(424,080)	(359,822)	(268,499)
Foreign Currency Translation	9,821	(14,866)	(14,248)
Ending balance	(1,429,761)	(1,015,502)	(640,814)
Net Carrying Amount
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	1,004,914	922,379	745,638
Software Development Additions	804,314	424,530	423,959
Purchase of intangibles		13,234
Amortization Expense	(424,080)	(359,822)	(268,499)
Foreign Currency Translation	9,821	4,593	21,281
Ending balance	1,394,969	1,004,914	922,379
GeniusU software platform
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	2,007,182	1,563,193	1,103,705
Software Development Additions	804,314	424,530	423,959
Foreign Currency Translation		19,459	35,529
Ending balance	2,811,496	2,007,182	$ 1,563,193
Trademarks
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	13,234
Purchase of intangibles		13,234
Ending balance	$ 13,234	$ 13,234

INTANGIBLE ASSETS - Additional

INTANGIBLE ASSETS - Additional Informations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cost of sales [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortization of intangible assets	$ 424,080	$ 359,822	$ 268,499

DEFERRED TAX ASSETS AND LIABI_3

DEFERRED TAX ASSETS AND LIABILITIES - Summary of deferred tax assets and (liabilities) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Recognized In Provision for Income Taxes
Property, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	$ (979,612)	(1,005,005)	$ (853,231)
Recognized in Other Comprehensive Income		(69,537)	(218,402)
Recognized In Provision for Income Taxes	96,537	94,930	66,628
Ending Balance	(883,075)	(979,612)	(1,005,005)
Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(8,431)
Recognized In Provision for Income Taxes	8,431	(8,431)
Ending Balance		(8,431)
Non current assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(988,043)	(1,005,005)	(853,231)
Recognized in Other Comprehensive Income		(69,537)	(218,402)
Recognized In Provision for Income Taxes	104,968	86,499	66,628
Ending Balance	(883,075)	(988,043)	(1,005,005)
Receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(11,849)	(11,709)
Recognized In Provision for Income Taxes		(140)
Ending Balance		(11,849)	(11,709)
Prepaid expenses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(11,849)		(1,536)
Recognized In Provision for Income Taxes	(5,346)		1,536
Ending Balance	(17,195)	(11,849)
Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	26,452
Recognized in Other Comprehensive Income	23,451
Recognized In Provision for Income Taxes	116	26,452
Ending Balance	50,019	26,452
current assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	14,603	(11,709)	(71,963)
Recognized in Other Comprehensive Income	23,451
Recognized In Provision for Income Taxes	(5,230)	26,312	60,254
Ending Balance	32,824	14,603	(11,709)
Depreciation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	98,015	280,070
Recognized In Provision for Income Taxes		(182,056)
Ending Balance		98,015	280,070
Income in Advance
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	98,015	105,108	117,378
Recognized In Provision for Income Taxes	29,114	(7,093)	(12,270)
Ending Balance	127,129	98,015	105,108
Tax Losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance		174,963	373,618
Recognized In Provision for Income Taxes		(174,963)	(198,656)
Ending Balance			174,963
Net deferred tax and (liabilities)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(875,425)	(736,645)	(434,198)
Recognized in Other Comprehensive Income	23,451	(69,537)	(218,402)
Recognized In Provision for Income Taxes	128,852	(69,245)	(84,044)
Ending Balance	$ (723,122)	$ (875,425)	$ (736,645)

DEFERRED TAX ASSETS AND LIABI_4

DEFERRED TAX ASSETS AND LIABILITIES - Summary of unused tax losses for which no deferred tax assets have been recognized (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Uncertain tax positions	$ 0	$ 0	$ 0
Tax related interest or penalties	0	0	0
Unused tax losses for which no deferred tax assets has been recognized
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses	(9,982,291)	(6,155,623)	(4,044,750)
Potential tax benefit of such unused tax losses at applicable statutory tax rates
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses	$ (2,050,255)	$ (1,305,245)	$ (768,413)

OTHER NONCURRENT ASSETS (Detail

OTHER NONCURRENT ASSETS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
OTHER NON-CURRENT ASSETS
Other non-current assets	$ 501,750	$ 516,296	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses	$ 390,138	$ 233,842		$ 275,258
North West Parks Board	1,177,050	1,049,515		986,516
Other taxation payable	33,314	104,368		135,381
VAT	48,493	28,271		33,938
Derivative liability	250,000	250,000
Sundry payables	165,307	144,226		11,497
Total	$ 2,064,302	$ 1,810,222	[1]	$ 1,442,590	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

DEFERRED REVENUE (Details)

DEFERRED REVENUE (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
DEFERRED REVENUE
Advance bookings for lodges	$ 293,716	$ 379,305		$ 399,291
Educational revenue paid in advance	1,630,723	1,026,700		2,724,427
Other prepaid income	638,473	140,707		107,713
Total	$ 2,561,912	$ 1,546,712	[1]	$ 3,231,431	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

DEFERRED REVENUE - Summary of a

DEFERRED REVENUE - Summary of analysis of contractual obligations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED REVENUE
Deferred revenue, beginning	$ 1,546,712	$ 3,231,431
Addition	1,773,994	1,220,972
Usage	(758,794)	(2,905,691)
Deferred revenue, ending	$ 2,561,912	$ 1,546,712

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
LOANS PAYABLE
Loans payable - current portion	$ 65,415	$ 65,611	[1]	$ 64,379	[1]
Loans payable - non-current portion	85,858	157,629	[1]	1,217,509	[1]
Total	$ 151,273	$ 223,240		$ 1,281,888
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

LOANS PAYABLE - Additional Info

LOANS PAYABLE - Additional Information (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2019 USD ($) installment	Dec. 31, 2021 USD ($)	Dec. 31, 2021 SGD ($)	Dec. 31, 2020 USD ($)		Dec. 31, 2020 SGD ($)	Dec. 31, 2019 USD ($)		Dec. 31, 2019 SGD ($)	Sep. 30, 2019 SGD ($)
Disclosure of detailed information about borrowings [line items]
Repayment of principal and accrued interest | $		$ 71,967		$ 551,946	[1]		$ 218,572	[1]
Amount of loan settled by the creditor | $				400,000
Lines of credit
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 296,912									$ 400,000
Repayment of principal and accrued interest		$ 67,220	$ 91,063	$ 61,379		$ 84,614	$ 15,024		$ 20,241
Lines of credit repayable over 36 monthly installments
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 74,228									$ 100,000
Number of monthly installments | installment	36
Interest rate	8%									8%
Margin percentage	0.88%									0.88%
Prepayments fee percentage	6.88%
Lines of credit repayable over 60 monthly installments
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 222,684									$ 300,000
Number of monthly installments | installment	60
Interest rate	6.25%									6.25%
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

LOANS PAYABLE - RELATED PARTI_3

LOANS PAYABLE - RELATED PARTIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about borrowings [line items]
Subtotal	$ 425,551	$ 589,502	$ 832,800
Loan payable to related parties for the acquisition of Wealth Dynamics
Disclosure of detailed information about borrowings [line items]
Current portion	425,551	400,000	400,000
Non-current portion			400,000
Subtotal	$ 425,551	400,000	800,000
Other loans payable to related parties
Disclosure of detailed information about borrowings [line items]
Current portion		$ 189,502	$ 32,800

LOANS PAYABLE - RELATED PARTI_4

LOANS PAYABLE - RELATED PARTIES - Additional information (Details)	Dec. 31, 2020 USD ($)
Loan payable to related parties for the acquisition of Wealth Dynamics
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 400,000

LOANS PAYABLE - RELATED PARTI_5

LOANS PAYABLE - RELATED PARTIES - Fee Payment to Related Party (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Entrepreneurs Institute Australia Pty Ltd
Disclosure of detailed information about borrowings [line items]
Fees payments to related party	$ 319,464	$ 509,415
GeniusU Web Services India Pvt Ltd
Disclosure of detailed information about borrowings [line items]
Fees payments to related party	$ 162,930	$ 215,871	$ 215,871

CONVERTIBLE DEBT OBLIGATIONS (D

CONVERTIBLE DEBT OBLIGATIONS (Details) - Convertible debt obligations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about borrowings [line items]
Convertible debt obligations, beg, gross	$ 1,531,639	$ 1,918,340	$ 2,256,178
Converted to equity	(257,629)	(386,701)
Deferred debt discount	0	0	(337,838)
Convertible debt obligations, end, net	1,274,010	1,531,639	$ 1,918,340
Convertible debt obligations, current portion	507,765	1,531,639
Convertible debt obligations, non-current portion	$ 766,245	$ 1,531,639

CONVERTIBLE DEBT OBLIGATIONS -

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2020 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 161,500	$ 891,400
Accrued interest converted	$ 6,170	$ 23,016
Number of shares issued upon conversion of debt		25,652
2020 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2020 Convertible Notes | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes | GeniusU Limited
Disclosure of detailed information about borrowings [line items]
Number of shares issued upon conversion of debt	13,306
2020 Convertible Notes | GeniusU Limited | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price	$ 10
2020 Convertible Notes | GeniusU Limited | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price	$ 15

CONVERTIBLE DEBT OBLIGATIONS _2

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2021 (Details)	12 Months Ended
	Dec. 31, 2020 USD ($) $ / shares shares
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price	$ 42.86
2021 Convertible Notes | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted | $	$ 992,813
Number of shares issued upon conversion of debt | shares	496,408
Exercise price	$ 2

CONVERTIBLE DEBT OBLIGATIONS _3

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2019 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2019 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 47,884	$ 739,160
Accrued interest converted	$ 229	$ 111
Number of shares issued upon conversion of debt		19,605
Stock Exchange at a price			70%
Conversion option as a derivative liability with a fair value			$ 783,735
Debt issuance costs			134,152
Interest expense on amortization of debt discount		$ 322,960	580,049
2019 Convertible Notes | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted		$ 992,813	$ 2,256,178
Number of shares issued upon conversion of debt	13,487	496,408
Exercise price		$ 2
2019 Convertible Notes | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted		$ 1,819,145
Number of shares issued upon conversion of debt	1,003
Convertible note issuances		$ 36,383
2019 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2019 Convertible Notes | Minimum | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Bear interest at rate			10%
2019 Convertible Notes | Minimum | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Bear interest at rate		10%
2019 Convertible Notes | Maximum | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Bear interest at rate			12%
2019 Convertible Notes | Maximum | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Bear interest at rate		12%

CONVERTIBLE DEBT OBLIGATIONS _4

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2020 of year 2020 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 161,500	$ 891,400
Accrued interest converted	$ 6,170	$ 23,016
Number of shares issued upon conversion of debt		25,652
2020 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2020 Convertible Notes | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86

EQUITY - Additional Information

EQUITY - Additional Information (Details)			1 Months Ended		12 Months Ended
	Apr. 21, 2021 shares	Dec. 13, 2020 USD ($)	Apr. 30, 2021 shares	Jan. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares		Dec. 31, 2019 USD ($) $ / shares shares		Dec. 31, 2018 shares
EQUITY
Shares issued | shares					16,155,810
Shares outstanding | shares					16,155,810
Number of shares issued | shares					16,155,812	16,155,812		9,742,998		7,926,570
Proceeds from sale of future shares					$ 953,087
Shares issued for cash					3,127,442	$ 2,222,000		$ 2,599,978
Contributed capital					$ 50,924,276	$ 50,630,439	[1]	26,846,043	[1]
Number of shares repurchased		$ 250,000						$ 656,513
Tau Game Lodge [Member]
EQUITY
Number pf Options for purchase, shares | shares						233,501		233,501
Subscription receivable amount						$ 140,680		$ 140,680
Equity stock split ratio					1%	1%
Exercisable price | $ / shares					$ 34.87	$ 34.87		$ 21.34
Stock-based compensation expenses					$ 181,559	$ 101,731		$ 210,930
Vesting term					2 years	2 years
Ordinary shares
EQUITY
Proceeds from sale of future shares					$ 3,127,442	$ 2,222,000		$ 2,599,978
Ordinary shares | Tau Game Lodge [Member]
EQUITY
Number of shares issued | shares					85,836	73,428		257,478
Genius U Limited Ordinary Shares [Member]
EQUITY
Shares issued for cash					$ 3,308,617	$ 0
Genius U Limited Ordinary Shares [Member] | Convertible Debt [Member]
EQUITY
Convertible debt obligations					177,689	1,671,188
Entrepreneur Resorts Limited Ordinary Shares [Member]
EQUITY
Shares issued for cash					953,087	0
Contributed capital						13,199,435
Entrepreneur Resorts Limited Ordinary Shares [Member] | Tau Game Lodge [Member]
EQUITY
Number pf Options for purchase, shares				233,501
Exercisable price | $ / shares								$ 1.30
Stock-based compensation expenses				$ 88,213
Entrepreneur Resorts Limited Ordinary Shares [Member] | Convertible Debt [Member]
EQUITY
Convertible debt obligations					$ 37,085	992,816
Genius Group Ltd Ordinary Shares [Member]
EQUITY
Shares issued for cash						30,997,810		$ 6,400,000
Shares issued for settlement of loan						$ 350,000
Number pf Options for purchase, shares								153,042
Number pf Options for purchase, shares | shares	73,428		257,478		12,238	42,913
Subscription receivable amount					$ 433,783	$ 915,763		$ 668,214
Equity stock split ratio	1%							6%
Stock-based compensation expenses					394,717	398,605		$ 171,768
Unamortized share based compensation					$ 159,265	$ 75,434
Genius Group Ltd Ordinary Shares [Member] | Tau Game Lodge [Member]
EQUITY
Number of shares issued | shares				121,902				121,902
Number pf Options for purchase, shares				20,317				20,317
Number pf Options for purchase, shares | shares					14,306	12,238		42,913
Equity stock split ratio				1%				1%
Exercisable price | $ / shares				$ 15.45
Stock-based compensation expenses				$ 91,941
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EQUITY - Stock options using th

EQUITY - Stock options using the Black-Scholes option pricing model and used the assumptions (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
EQUITY
Risk-free interest rate	0.73%	0.13%	2.50%
Contractual term (years)		2
Expected volatility	66%	42%	39%
Expected dividends	0%	0%	0%
Minimum
EQUITY
Contractual term (years)	1	2
Maximum
EQUITY
Contractual term (years)	3

EQUITY - Summary of option acti

EQUITY - Summary of option activity (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($) $ / shares
No of Options
Outstanding, beginning balance	73,428	257,478
Outstanding, ending balance	85,836	73,428	257,478
Weighted Average Remaining Life
Weighted Average Life in Years	1 year
Stock Option [Member]
No of Options
Outstanding, beginning balance	73,428	257,478	253,818
Granted	85,836	73,428	257,478
Exercised		257,478	253,818
Expired		0	0
Outstanding, ending balance	159,264	73,428	257,478	253,818
Weighted Average Share Price
Outstanding, beginning balance | $ / shares	$ 5.81	$ 3.56	$ 2.43
Granted | $ / shares	5.81	5.81	3.56
Exercised | $ / shares		0	2.43
Expired | $ / shares		0	0
Outstanding, ending balance | $ / shares	$ 5.81	$ 5.81	$ 3.56	$ 2.43
Weighted Average Remaining Life
Weighted Average Life in Years	1 year	1 year	1 year	1 year
Granted Weighted average remaining contractual life	2 years	0 years	0 years
Share Based Payment Award Aggregate Intrinsic Value [Abstract]
Outstanding, beginning balance	97,782	580,613	119,667
Outstanding, ending balance		97,782	580,613	119,667

EQUITY - Information related to

EQUITY - Information related to options outstanding (Details)	12 Months Ended
	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares	Dec. 31, 2019 $ / shares
Options outstanding
Exercise Price	$ 5.81	$ 5.81	$ 3.56
Outstanding Number of options	85,836	73,428	257,478
Weighted Average Life in Years	1 year

REVENUES - Disaggregation of re

REVENUES - Disaggregation of revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Campus Revenue
- Sale of goods	$ 3,102,210	$ 1,280,320	$ 1,796,961
- Rendering of services.		735,246	2,635,035
Campus sub-total	3,102,210	2,015,566	4,431,996
Education Revenue
- Digital.	9,676,052	5,298,227	4,771,253
- In-Person.		319,983	745,808
Education sub-total	9,676,052	5,618,210	5,517,061
Total Revenue	$ 12,778,262	$ 7,633,776	$ 9,949,057

OTHER OPERATING INCOME (Details

OTHER OPERATING INCOME (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OTHER OPERATING INCOME
Other income		$ 133,519	$ 81,673
Subsidy from Government	$ 499,300
Other operating income	$ 499,300	$ 133,519	$ 94,131

GENERAL AND ADMINISTRATIVE EX_3

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
GENERAL AND ADMINISTRATIVE EXPENSES
Consulting and professional services	$ 660,117	$ 424,891		$ 606,738
Marketing	73,277	72,942		814,873
Rent expense	250,994	144,423		457,735
Repairs and maintenance	11,144	103,152		120,023
Salaries, wages, bonuses and other benefits	4,197,397	3,031,485		3,538,114
Travel	13,356	13,356		447,383
Utilities	142,019	112,027		85,319
Other	1,151,991	1,314,430		499,834
Development charges	456,180	378,010		360,933
Stock-based compensation	293,837	394,717		171,768
Provision for doubtful debts	39,108	(161,788)
Total general and administrative expenses	$ 7,211,204	$ 6,151,221	[1]	$ 7,102,720	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INTEREST EXPENSE, NET - Company

INTEREST EXPENSE, NET - Company earned interest income and incurred interest expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Interest income
Bank and other cash	$ (74,081)	$ 55,649		$ 1,996
Other financial assets - loans				102,431
Total interest income	(74,081)	55,649		104,427
Interest expense/finance costs
Lease liabilities	131,291	131,291		122,190
Other interest paid - loans	103,357	455,394		266,059
Amortization of debt discount	140,837	322,947		580,049
Total interest expense/ finance costs	375,485	909,632		968,298
Total interest (expense), net	$ (449,566)	$ (853,983)	[1]	$ (863,871)	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INCOME TAX EXPENSE - Provision

INCOME TAX EXPENSE - Provision for income taxes provisions (benefits) and deferred income tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Current tax:
Current tax on profits for the year				$ 27,265
Deferred income tax:
(Increase) decrease in deferred tax assets	$ (29,230)	$ 155,603		210,926
Decrease in deferred tax liabilities	(99,622)	(86,358)		(126,881)
Deferred income tax	(128,852)	69,245		84,045
(Benefit from) Provision for income taxes, as previously reported	$ (128,852)	$ 69,245	[1]	$ 111,310	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INCOME TAX EXPENSE - Reconcilia

INCOME TAX EXPENSE - Reconciliation of income taxes at the statutory rate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
INCOME TAX EXPENSE
Income (loss) from continuing operations before provision for income taxes	$ (4,618,050)	$ (3,123,070)		$ (1,119,009)
Tax at the Singapore rate of 17%	(785,069)	(530,922)		(190,232)
Reconciling items:
Permanent differences	31,272	39,478		91,519
Current period net operating losses not recognized as a deferred tax asset	743,997	407,519		272,204
Rate differential - non-Singapore entities	(55,045)	(24,305)		188,728
Other deferred tax activity	(64,007)	177,474		65,317
(Benefit from) Provision for income taxes, as previously reported	$ (128,852)	$ 69,245	[1]	$ 111,310	[1]
Tax at the Singapore rate	17%	17%
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
EARNINGS PER SHARE
Basic earnings (loss) per share from continuing operations	$ (0.28)	$ (0.25)	[1]	$ (0.14)	[1]
Net loss	$ (4,489,198)	$ (3,192,314)	[1]	$ (1,230,319)	[1]
Non-controlling Interest	(173,959)	(75,159)
Loss attributable to ordinary shareholders	$ (4,663,157)	$ (3,117,155)		$ (1,230,319)
Weighted average number of ordinary shares:
Issued at the end of the year	16,155,812	16,155,812		9,742,998
Issued in current year	0	6,412,812		1,816,428
Issued at the beginning of the year	16,155,812	9,742,998		7,926,570
Weighted-average number of shares outstanding, basic	16,155,812	12,575,605	[1]	8,492,924	[1]
Weighted-average number of shares outstanding, diluted	16,155,812	12,575,605		8,492,924
Diluted earnings (loss) per share:
Share Options	7,138,140	7,138,140		377,928
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

FAIR VALUE INFORMATION (Details

FAIR VALUE INFORMATION (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial liabilities at amortized cost | Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	$ 1,078,381	$ 821,820	$ 486,871
Financial liabilities at amortized cost | Accounts payable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,078,381	821,820	486,871
Financial liabilities at amortized cost | Derivative liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	250,000	250,000
Financial liabilities at amortized cost | Derivative liability | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	250,000	250,000
Financial liabilities at amortized cost | Loans payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	151,273	223,240	1,281,888
Financial liabilities at amortized cost | Loans payable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	151,273	223,240	1,281,888
Financial liabilities at amortized cost | Loans payable, related parties
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	425,551	589,502	832,800
Financial liabilities at amortized cost | Loans payable, related parties | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	425,551	589,502	832,800
Financial liabilities at amortized cost | Lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,330,860	1,853,064	2,273,739
Financial liabilities at amortized cost | Lease liabilities | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,330,860	1,853,064	2,273,739
Financial liabilities at amortized cost | Convertible debt obligations, net
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,274,010	1,531,639	1,918,340
Financial liabilities at amortized cost | Convertible debt obligations, net | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,274,010	1,531,639	1,918,340
Financial assets at amortized cost | Cash
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	1,784,938	2,273,151	3,290,095
Financial assets at amortized cost | Cash | Level 1
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	1,784,938	2,273,151	3,290,095
Financial assets at amortized cost | Accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	1,018,003	948,341	1,263,849
Financial assets at amortized cost | Accounts receivable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	1,018,003	948,341	1,263,849
Financial assets at amortized cost | Other Receivable | Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	66,000
Financial assets at amortized cost | Due from related parties
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	44,245	53,851	97,310
Financial assets at amortized cost | Due from related parties | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	44,245	53,851	67,310
Financial assets at fair value through profit or loss | Investments at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	29,069	29,076	28,526
Financial assets at fair value through profit or loss | Investments at fair value | Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	$ 29,069	$ 29,076	$ 28,526

KEY MANAGEMENT COMPENSATION (De

KEY MANAGEMENT COMPENSATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Roger James Hamilton
Disclosure of transactions between related parties [line items]
Salary	$ 593,195	$ 463,235	$ 432,411
Stock-based	28,310	103,223	60,007
Total	621,505	566,458	492,418
Michelle Clarke
Disclosure of transactions between related parties [line items]
Salary	110,846	83,235	93,746
Stock-based	4,067	18,553	15,870
Total	114,913	101,788	109,616
Suraj Naik
Disclosure of transactions between related parties [line items]
Salary	88,682	67,719	75,701
Stock-based	3,921	13,274	11,588
Total	92,603	80,993	82,289
Sandra Morrell
Disclosure of transactions between related parties [line items]
Salary	40,172	151,439	165,947
Stock-based	6,748	30,284	20,150
Total	46,920	181,723	186,097
Patrick Grove
Disclosure of transactions between related parties [line items]
Salary	8,889	8,705
Stock-based		34,870
Total	8,889	43,575
Nic Lim
Disclosure of transactions between related parties [line items]
Salary	8,889	6,964	5,882
Stock-based		36,614
Total	8,889	43,578	5,882
Anna Gong
Disclosure of transactions between related parties [line items]
Salary	8,889	8,705	5,882
Stock-based		34,870
Total	8,889	43,575	5,882
Jeremy Harris
Disclosure of transactions between related parties [line items]
Salary	67,548	39,652	50,688
Stock-based	594	8,578
Total	68,142	48,230	50,688
Dennis DuBois
Disclosure of transactions between related parties [line items]
Salary	24,000	20,400	24,000
Stock-based		3,592
Total	24,000	23,992	24,000
Lisa Bovio
Disclosure of transactions between related parties [line items]
Salary	24,000	20,400	24,000
Stock-based		3,592
Total	$ 24,000	$ 23,992	$ 24,000

SEGMENT REPORTING - Segment inf

SEGMENT REPORTING - Segment information (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($) segment		Dec. 31, 2019 USD ($)		Dec. 31, 2018 USD ($)
Disclosure of operating segments [line items]
Number of reportable business segments | segment	2	2
Revenue	$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Depreciation and Amortization	1,574,913	1,570,593		1,262,108
(Loss) income from Operations	(4,168,484)	(2,680,849)	[1]	(1,038,873)	[1]
Net Profit or Loss	(4,618,050)	(3,123,069)	[1]	(1,119,009)	[1]
Interest expense, net	449,566	853,983	[1]	863,871	[1]
Capital Expenditures		671,587		1,060,124
Total Property and Equipment, net	6,776,116	7,596,990	[2]	7,399,412	[2]	$ 6,261,425
Total Assets	17,595,407	16,957,713	[2]	17,560,148	[2]
Total Liabilities	9,609,411	9,251,624	[2]	12,229,451	[2]
Depreciation and amortization	38,864	40,906	[1]	47,537	[1]
Education
Disclosure of operating segments [line items]
Revenue	9,676,052	5,618,210		5,517,061
Depreciation and Amortization	426,740	616,195		276,798
(Loss) income from Operations	(2,153,975)	306,710		(1,205,784)
Net Profit or Loss	(2,252,794)	(53,722)
Interest expense, net	98,819	107,833
Capital Expenditures		437,764		423,959
Total Property and Equipment, net	15,442	10,881		11,519
Total Assets	5,122,967	3,336,242		3,523,344
Total Liabilities	3,589,315	5,852,323		4,468,709
Campus
Disclosure of operating segments [line items]
Revenue	3,102,210	2,015,566		4,431,996
Depreciation and Amortization	1,148,173	954,398		985,310
(Loss) income from Operations	(2,014,508)	(2,987,559)		166,911
Net Profit or Loss	(2,365,255)	(3,069,347)
Interest expense, net	350,747	746,150		863,871
Capital Expenditures		233,823		636,165
Total Property and Equipment, net	6,760,674	7,586,109		7,387,893
Total Assets	12,472,440	13,621,471		14,036,804
Total Liabilities	6,020,096	3,399,301		7,760,742
Campus | Cost of revenue
Disclosure of operating segments [line items]
Depreciation and amortization	1,109,309	937,773		913,492
Campus | Operating expenses.
Disclosure of operating segments [line items]
Depreciation and amortization	$ 38,864	$ 47,537		$ 40,906
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

SEGMENT REPORTING - Revenue and

SEGMENT REPORTING - Revenue and Non current assets by geographic location (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of geographical areas [line items]
Revenue	$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Non-current assets	11,099,245	12,021,110		11,754,343
Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	5,185,588	3,078,736		3,770,628
Non-current assets	8,477,393	504,655		7,786,240
Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	4,894,073	2,959,709		4,588,530
Non-current assets	2,120,102	11,000,159		3,968,103
North America / South America
Disclosure of geographical areas [line items]
Revenue	2,698,601	1,595,331		1,589,899
Non-current assets	501,750	516,296
Education
Disclosure of geographical areas [line items]
Revenue	9,676,052	5,618,210		5,517,061
Non-current assets	502,352	1,016,870		962,424
Education | Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	3,630,760	2,068,037		1,818,859
Non-current assets	602	802
Education | Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	3,346,691	1,954,842		2,108,503
Non-current assets		499,772		962,424
Education | North America / South America
Disclosure of geographical areas [line items]
Revenue	2,698,601	1,595,331		1,589,899
Non-current assets	501,750	516,296
Campus
Disclosure of geographical areas [line items]
Revenue	3,102,210	2,015,566		4,431,996
Non-current assets	10,596,893	11,004,240		10,791,919
Campus | Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	1,554,828	1,010,699		1,951,769
Non-current assets	8,476,791	503,853		7,786,240
Campus | Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	1,547,382	1,004,867		2,480,027
Non-current assets	$ 2,120,102	$ 10,500,388		$ 3,005,679
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EVENTS AFTER THE REPORTING PE_2

EVENTS AFTER THE REPORTING PERIOD (Details - Convertible Debt Obligations) - USD ($)		4 Months Ended
	Jan. 01, 2021	Apr. 30, 2022
Disclosure of non-adjusting events after reporting period [line items]
Amount of principal and accrued interest converted	$ 6,170
Debt conversion
Disclosure of non-adjusting events after reporting period [line items]
Amount of principal and accrued interest converted	$ 161,500	$ 229,237
Number of shares issued upon conversion of debt	13,307	38,206

EVENTS AFTER THE REPORTING PE_3

EVENTS AFTER THE REPORTING PERIOD (Details - Shares Issued for Cash) - USD ($)	4 Months Ended		12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from sale of future shares			$ 953,087
Shares Issued for Cash | GeniusU
Disclosure of non-adjusting events after reporting period [line items]
Aggregate non-controlling interest sold (as a percent)	0.61%			2.45%
Proceeds from sale of future shares	$ 2,652,577	$ 1,528,000
Aggregate issuance costs incurred	$ 53,052	$ 30,560

EVENTS AFTER THE REPORTING PE_4

EVENTS AFTER THE REPORTING PERIOD (Details - Initial Public Offering) - USD ($)		1 Months Ended	12 Months Ended
	Apr. 12, 2022	Jan. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from sale of future shares			$ 953,087
Ordinary shares
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from sale of future shares			$ 3,127,442	$ 2,222,000	$ 2,599,978
Initial Public Offering | Ordinary shares
Disclosure of non-adjusting events after reporting period [line items]
Number of ordinary shares	3,272,727	63,842
IPO price	$ 6

EVENTS AFTER THE REPORTING PE_5

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, Education Angels) £ in Millions, $ in Millions, $ in Millions	Apr. 21, 2022 item	Oct. 22, 2020 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)	Oct. 22, 2020 NZD ($)
Disclosure of non-adjusting events after reporting period [line items]
Purchase consideration			$ 4.7	£ 3.6
Education Angels
Disclosure of non-adjusting events after reporting period [line items]
Voting interest acquired (in percent)		100%			100%
Purchase consideration		$ 2			$ 3
Education Angels | Minimum
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		0 years
Education Angels | Maximum
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		5 years
Business Combinations
Disclosure of non-adjusting events after reporting period [line items]
Number of additional acquisitions	2
Business Combinations | Education Angels
Disclosure of non-adjusting events after reporting period [line items]
Voting interest acquired (in percent)		100%			100%
Purchase consideration		$ 2			$ 3
Percentage of payment in shares		100%
Business Combinations | Education Angels | David Hitchins
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		6 months
Business Combinations | Education Angels | Angie Stead
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		12 months

EVENTS AFTER THE REPORTING PE_6

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, Property Investors Network Ltd and Mastermind Principles Ltd) - Nov. 30, 2020 - Property Investors Network Ltd and Mastermind Principles Ltd £ in Millions, $ in Millions	GBP (£) company item	USD ($) company item
Disclosure of non-adjusting events after reporting period [line items]
Percentage of shares acquired	100%	100%
Number of companies in the agreement | item	50	50
Percentage of payment in cash	10%	10%
Percentage of payment in shares	90%	90%
Business Combinations
Disclosure of non-adjusting events after reporting period [line items]
Percentage of shares acquired	100%	100%
Number of companies in the agreement | company	2	2
Percentage of payment in cash	10%	10%
Percentage of payment in shares	90%	90%
Business Combinations | Property Mastermind International Pte Ltd
Disclosure of non-adjusting events after reporting period [line items]
Payments made on behalf of the seller to pay off part of the outstanding loans	£ 1.5	$ 2
Term for repayments of remaining unpaid loans	3 years	3 years

EVENTS AFTER THE REPORTING PE_7

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, University of Antelope Valley) - University of Antelope Valley - USD ($) $ in Millions	Mar. 24, 2022	Dec. 31, 2021	Mar. 21, 2021
Disclosure of non-adjusting events after reporting period [line items]
Cash payments to acquire business	$ 6.5		$ 24
Consideration made up of shares	$ 6		$ 6
Business Combinations
Disclosure of non-adjusting events after reporting period [line items]
Cash payments to acquire business		$ 7
Shares transferred as consideration		1
Consideration made up of shares		$ 6

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION	Dec. 31, 2019 USD ($)
Current Assets
Cash and cash equivalents	$ 3,290,095	[1]
Accounts receivable, net	1,263,849	[2]
Due from related parties	67,310	[2]
Inventories	119,516	[2]
Prepaid expenses and other current assets	1,065,035	[2]
Total Current Assets	5,805,805	[2]
Property and equipment, net	7,399,412	[2]
Operating lease right-of-use asset	2,194,073	[2]
Investments at fair value	28,526	[2]
Goodwill	1,209,953	[2]
Intangible assets, net	922,379	[2]
Total Assets	17,560,148	[2]
Current Liabilities
Accounts payable	486,871	[2]
Accrued expenses and other current liabilities	1,442,590	[2]
Deferred revenue	3,231,431	[2]
Lease liabilities, current	544,551	[2]
Loans payable - current portion	64,379	[2]
Loans payable - related parties - current portion	432,800	[2]
Total Current Liabilities	6,202,622	[2]
Operating lease liabilities - non-current portion	1,729,188	[2]
Loans payable - non-current portion	1,217,509	[2]
Loans payable - related parties - noncurrent portion	400,000	[2]
Convertible debt obligations, non-current portion	1,918,340	[2]
Deferred tax liability	736,645	[2]
Other non-current liabilities	25,147	[2]
Total Liabilities	12,229,451	[2]
Commitments and Contingencies Stockholders' Equity:
Contributed capital	26,846,043	[2]
Subscriptions receivable	(1,125,774)	[2]
Reserves	(13,844,404)	[2]
Accumulated deficit	(6,050,692)	[2]
Treasury stock, at cost	(494,476)	[2]
Capital and reserves attributable to owners of Genius Group Ltd	5,330,697	[2]
Total Stockholders' Equity	5,330,697	[2]
Total Liabilities and Stockholders' Equity	$ 17,560,148	[2]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF FI_3

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Convertible debt obligations, debt discount	$ 0	$ 337,838

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenue		$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Cost of revenue		(10,020,804)	(4,134,108)	[1]	(5,024,302)	[1]
Gross profit		2,757,458	3,499,668	[1]	4,924,755	[1]
Operating (Expenses) Income
General and administrative		(7,211,204)	(6,151,221)	[1]	(7,102,720)	[1]
Depreciation and amortization		(38,864)	(40,906)	[1]	(47,537)	[1]
Other operating income		490,300	133,519	[1]	94,131	[1]
Bargain purchase gain	[1]				1,060,794
Loss from foreign currency transactions		(166,174)	(121,909)	[1]	31,704	[1]
Total operating expenses		(6,925,942)	(6,180,517)	[1]	(5,963,628)	[1]
Loss from Operations		(4,168,484)	(2,680,849)	[1]	(1,038,873)	[1]
(Expense) Income
Interest expense, net		(449,566)	(853,983)	[1]	(863,871)	[1]
Change in fair value of derivative liabilities	[1]				783,735
Other income	[1]		411,763
Total Other Expense		(449,566)	(442,220)	[1]	(80,136)	[1]
Loss Before Income Tax		(4,618,050)	(3,123,069)	[1]	(1,119,009)	[1]
Income Tax Benefit (Expense)		128,852	(69,245)	[1]	(111,310)	[1]
Net Loss		(4,489,198)	(3,192,314)	[1]	(1,230,319)	[1]
Other comprehensive income:
Foreign currency translation		230,081	2,129,081	[1]	(308,172)	[1]
Total Comprehensive Loss		(4,259,117)	(1,063,233)	[1]	(1,538,491)	[1]
Total Comprehensive Loss is attributable to:
Owners of Genius Group Ltd		(4,085,158)	(1,006,037)	[1]	(1,538,491)	[1]
Non controlling interest		(173,959)	(57,196)	[1]
Total Comprehensive Loss		$ (4,259,117)	$ (1,063,233)	[1]	$ (1,538,491)	[1]
Weighted-average number of shares outstanding, basic		16,155,812	12,575,605	[1]	8,492,924	[1]
Weighted-average number of shares outstanding, diluted		16,155,812	12,575,605		8,492,924
Basic earnings (loss) per share from continuing operations		$ (0.28)	$ (0.25)	[1]	$ (0.14)	[1]
Diluted earnings (loss) per share from continuing operations		$ (0.28)	$ (0.25)		$ (0.14)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)		Issued capital [member]	Non-controlling interests [member]	Subscriptions Receivable	Reserve of exchange differences on translation [member]	Other reserves [member]	Treasury shares [member]	Retained earnings [member]	Total
Balance at the beginning, as restated at Dec. 31, 2018		$ 16,460,431			$ (14,895)	$ (5,123,337)	$ (132,501)	$ (5,071,564)	$ 6,118,134
Net loss								(1,230,319)	(1,230,319)	[1]
Foreign currency translation					(308,172)				(308,172)	[1]
Shares issued for cash		2,599,978							2,599,978
Shares issued for conversion of convertible notes		1,125,774		$ (1,125,774)
Shares issued for acquisition of Entrepreneur Resorts Ltd		6,400,000						398,748	6,798,748
Share based compensation		171,768							171,768
Purchase of treasury shares							(656,513)		(656,513)
Resale of treasury stock		88,092					294,538		382,630
Dividend									(147,557)
Adjustments to book value method	[2]					(8,398,000)			(8,398,000)
Balance at the end. at Dec. 31, 2019		26,846,043		(1,125,774)	(323,067)	(13,521,337)	(494,476)	(6,050,692)	5,330,697	[2]
Balance at the end at Dec. 31, 2019								(6,050,692)	5,330,697
Net loss								(3,192,315)	(3,192,315)	[1]
Foreign currency translation					2,129,081				2,129,081	[1]
Shares issued for cash		2,222,000							2,222,000
Shares issued for subscriptions receivable		915,763		(915,763)
Shares issued for conversion of convertible notes		2,664,004							2,664,004
Shares issued for acquisition of Entrepreneur Resorts Ltd		17,798,374							17,798,374
Eliminations on acquisition of Entrepreneur Resorts				140,680			$ 494,476		635,156
Shares issued in satisfaction of a liability, net of derivative liability		100,000							100,000
Non-controlling Interest		(314,350)	$ 257,154		(17,963)			75,159
Share based compensation		398,605							398,605
Resale of treasury stock									0
Adjustments to book value method	[1]					(20,379,513)			(20,379,513)
Balance at the end. at Dec. 31, 2020		50,630,439	257,154	(1,900,857)	1,788,051	(33,900,850)		(9,167,848)	7,706,089	[2]
Balance at the end at Dec. 31, 2020			257,154					(9,167,848)	7,706,089
Net loss								(4,489,198)	(4,489,198)
Foreign currency translation					230,081				230,081
Adjustment against capital and retained earnings						(16,517)			(16,517)
Shares issued for cash		3,127,442							3,127,442
Shares issued for conversion of convertible notes		181,175							181,175
Funds received for shares to be issued			953,087						953,087
Non-controlling Interest		(3,308,617)	3,134,658		10,597			163,362
Share based compensation		293,837							293,837
Balance at the end. at Dec. 31, 2021		$ 50,924,276	$ 4,344,899	$ (1,900,857)	$ 2,028,729	$ (33,917,367)		$ (13,493,684)	$ 7,985,996
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CA_3

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities
Net loss	[1]	$ (3,192,315)	$ (1,230,319)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	[1]	398,605	171,768
Depreciation and amortization	[1]	1,570,593	1,262,108
Bargain purchase gain	[1]		(1,060,794)
Amortization of deferred tax liability	[1]	(68,808)
Amortization of debt discount	[1]	322,947	580,049
Provision for doubtful debts	[1]	161,788
Loss (gain) on foreign exchange transactions	[1]	121,904	(31,704)
Loss on disposal of property and equipment	[1]	294
Change in fair value of derivative liabilities	[1]		(783,735)
Changes in operating assets and liabilities:
Accounts receivable	[1]	157,720	(557,044)
Prepaid expenses and other current assets	[1]	(483,682)	(699,189)
Inventory	[1]	(6,973)	(27,793)
Accounts payable	[1]	334,949	(138,625)
Accrued expenses and other current liabilities	[1]	117,632	290,219
Deferred revenue	[1]	(1,684,719)	833,050
Deferred tax liability	[1]	138,053	84,046
Other non-current liabilities	[1]	(25,147)	22,323
Total adjustments	[1]	1,065,101	(55,321)
Net Cash Used In Operating Activities	[1]	(2,127,213)	(1,285,640)
Cash Flows From Investing Activities
Purchase of intangible assets	[1]	(437,764)	(423,959)
Purchase of equipment	[1]	(233,823)	(636,165)
Sale of equipment	[1]	25,236	3,545
Acquisition of Entrepreneurs Institute	[1]		(800,000)
Cash paid in Matla acquisition	[1]		(1)
Cash acquired in Matla acquisition	[1]		14,759
Purchase of investment in Health360	[1]		(373)
Deposit on investment in UAV	[1]	(516,296)
Net Cash Used In Investing Activities	[1]	(1,162,647)	(1,842,194)
Cash Flows From Financing Activities
Amount due to/from related party	[1]	13,459	48,066
Dividends paid	[1]		(147,557)
Purchase of treasury stock	[1]		(656,513)
Proceeds from sale of treasury stock	[1]		382,630
Proceeds from convertible debt, net of issuance costs	[1]	1,819,145	2,256,178
Convertible debt issuance costs	[1]		(134,151)
Proceeds from equity issuances, net of issuance costs	[1]	2,222,000	2,599,978
Operating lease liability	[1]	(420,675)	(153,437)
Repayments of loans payable	[1]	(551,946)	(218,572)
Net Cash Provided By Financing Activities	[1]	3,081,983	3,976,622
Effect of Exchange Rate Changes on Cash	[1]	(809,067)	(296,582)
Net Increase (Decrease) In Cash	[1]	(1,016,944)	552,206
Cash - Beginning of year	[1]	3,290,095	2,737,889
Cash - End of year	[1]	2,273,151	3,290,095
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	[1]	335,606	266,059
Non-Cash Investing and Financing Activities
Debt Discount For Derivative Liability	[1]		783,735
ROU asset for lease liability	[1]		2,427,176
Treasury stock adjustment	[1]	494,476
Condonation of loan	[1]	400,000
Shares issued for subscription receivable	[1]	915,763	1,125,774
Shares issued in satisfaction of a liability, net of derivative liability (2020: $250,000)	[1]	100,000
Shares issued for the acquisition of Entrepreneur Resorts and Wealth Dynamics		17,798,374
Shares issued for the acquisition of Entrepreneur Resorts and Entrepreneurs Institute	[1]	17,798,374	6,400,000
Shares issued for conversion of convertible notes	[1]	$ 2,664,004
Loan payable for the acquisition of Entrepreneurs Institute	[1]		$ 800,000
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CONSOLIDATED STATEMENTS OF CA_4

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
	Dec. 31, 2020 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Shares Issued In Satisfaction Of Derivative Liability	$ 250,000

BUSINESS ORGANIZATION AND NAT_3

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1 — BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Genius Group Ltd is a limited company incorporated on November 30, 2015 and domiciled in Singapore. The registered office and principal place of business of Genius Group Ltd is 8 Amoy Street, #01-01, Singapore 049950. Genius Group Ltd operates through its subsidiaries, GeniusU Ltd, which provides full entrepreneur education system business development tools and management consultancy services to entrepreneurs and Entrepreneur Resorts. Entrepreneur Resorts (“ERL”) was incorporated in Seychelles on May 9, 2017, and represent a group of resorts, retreats and co-working cafes for entrepreneurs. Entrepreneur Resorts owns resorts in Bali and South Africa which run entrepreneur retreats and workshops. It also owns Genius Café, an entrepreneur beach club in Bali, and Genius Central Singapore Pte Ltd, an entrepreneur co-working hub in Singapore. As of the January 1, 2020, Genius Group Ltd and Entrepreneur Resorts were held under the common control of a shared director (the “Director”). In July 2020, Genius Group Ltd acquired a majority interest in Entrepreneur Resorts to form a consolidated group. The accompanying consolidated financial statements of Genius Group Ltd and Entrepreneur Resorts, after elimination of all intercompany accounts and transactions, present the historical consolidated statements of financial positions, operations and comprehensive loss, changes in stockholders’ equity, and cash flows of the group. These consolidated financial statements have been derived from the accounting records of Genius Group Ltd and Entrepreneur Resorts and should be read in conjunction with the accompanying notes hereto. In January 2020, the World Health Organization declared the COVID 19 virus an international pandemic. The virus spread throughout the world with unfavorable stock market condition during the beginning of March 2020. During March 2020, multiple countries went into a national enforced shut down. These lock downs put significant strain on the world economy and on companies worldwide. The Company has taken measures to control costs and is emphasizing its digital business given these conditions. Specific cost savings and government support resulted in a decrease to operating expenses of $0.74 million contributed by ➢ Government Job Support Scheme $0.23 million which we received for Genius Central Singapore Pte Ltd (0.10 million), Wealth Dynamics Pte Ltd (0.02 million) and Tau Game Lodge (0.11 million) ➢ Rental waiver of $0.12 million for Genius Central Singapore ➢ Insurance support $0.10 million for our resort in South Africa which includes $0.08 million for Tau Game Lodge and 0.02 million for Matla Game Lodge ➢ Reduced or deferred salaries $0.29 million resulted in reduction of expense of $0.16 million for GeniusU, $0.02 million for Genius Group, $0.06 million for Entrepreneur Resorts Limited and $0.05 million for Tau Game Lodge. General cost reductions across the Group in response to COVID-19 of 5% reduced operating expenses by approximately $0.35 million. In 2021, the Group received government subsidies amounting to $490,300 reported under other operating income (Note 22). The imposed ‘lock down’ and associated social distancing measures have had a significant effect on economic activity and have hurt in particular businesses in the travel, entertainment and leisure sectors. To cater to this unprecedented pandemic scenario, governments across the globe have enacted many emergency funding and support schemes in order to alleviate the hopefully short-term liquidity difficulties encountered by businesses and individuals. Such measures include corporate guarantee and liquidity measures, deferral of state taxes and/or suspension for debt obligations, measures to allow businesses to implement forbearance and furlough measures while the employees receive reasonable proportion of salaries and benefits. The Company has been able to avail itself of such measures as available to it which has been of assistance to survive the financial impact of the pandemic.	NOTE 1 — BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Genius Group Ltd is a limited company incorporated on November 30, 2015 and domiciled in Singapore. The registered office and principal place of business of Genius Group Ltd is 8 Amoy Street, #01-01, Singapore 049950. Genius Group Ltd operates through its subsidiaries, GeniusU Ltd, which provides a full entrepreneur education system business development tools and management consultancy services to entrepreneurs and Entrepreneur Resorts. Entrepreneur Resorts were incorporated in Seychelles on May 9, 2017, and represent a group of resorts, retreats and co-working cafes for entrepreneurs. Entrepreneur Resorts owns resorts in Bali and South Africa which run entrepreneur retreats and workshops. It also owns Genius Café, an entrepreneur beach club in Bali, and Genius Central Singapore Pte Ltd, an entrepreneur co-working hub in Singapore. As of the December 31, 2019, Genius Group Ltd and Entrepreneur Resorts were held under the common control of a shared director (the “Director”). In July 2020, Genius Group Ltd acquired a majority interest in Entrepreneur Resorts to form a consolidated group. The accompanying consolidated financial statements of Genius Group Ltd and Entrepreneur Resorts, after elimination of all intercompany accounts and transactions, present the historical consolidated statements of financial positions, operations and comprehensive loss, changes in stockholders’ equity, and cash flows of the Company. These consolidated financial statements have been derived from the accounting records of Genius Group Ltd and Entrepreneur Resorts and should be read in conjunction with the accompanying notes hereto. In January 2020, the World Health Organization declared the COVID 19 virus an international pandemic. The virus spread throughout the world with unfavorable stock market condition during the beginning of March 2020. During March 2020, multiple countries went into a national enforced shut down. These lock downs put significant strain on the world economy and on companies worldwide. The Company has taken measures to control costs and is emphasizing its digital business given these conditions. Specific cost savings and government support resulted in a decrease to operating expenses of $0.74 million contributed by ● Government Job Support Scheme $0.23 million which we received for Genius Central Singapore Pte Ltd ( 0.10 million), Entrepreneurs Institute ( 0.02 million) and Tau Game Lodge ( 0.11 million) ● Rental waiver of $0.12 million for Genius Central Singapore ● Insurance support $0.10 million for our resort in South Africa which includes $0.08 million for Tau Game Lodge and 0.02 million for Matla Game Lodge ● Reduced or deferred salaries $0.29 million resulted in reduction of expense of $0.16 million for GeniusU, $0.02 million for Genius Group, $0.06 million for Entrepreneur Resorts Limited and $0.05 million for Tau Game Lodge. General cost reductions across the Group in response to COVID-19 of 5% reduced operating expenses by approximately $0.35 million. The imposed ‘lock down’ and associated social distancing measures have had a significant effect on economic activity and have hurt in particular businesses in the travel, entertainment and leisure sectors. To cater to this unprecedented pandemic scenario, governments across the globe have enacted many emergency funding and support schemes in order to alleviate the hopefully short-term liquidity difficulties encountered by businesses and individuals. Such measures include corporate guarantee and liquidity measures, deferral of state taxes and/or suspension for debt obligations, measures to allow businesses to implement forbearance and furlough measures while the employees receive reasonable proportion of salaries and benefits. The Company has been able to avail itself of such measures as available to it which has been of assistance to survive the financial impact of the pandemic.

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD. Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through the use of its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred. Business Combinations The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as of the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as of the acquisition date. The measurement to fair value is included in profit or loss for the year. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising from the acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company has elected to account for common control business combinations using the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity, as if the acquisition had taken place at the beginning of the earliest period presented. On the acquisition date, the Company records any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholders’ Equity. Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements. Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available. Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less. Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in statement of operations and comprehensive loss. Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs. Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2021, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service. Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ➢ it is technologically feasible to complete the asset so that it will be available for use or sale. ➢ there is an intention to complete and use or sell it. ➢ there is an ability to use or sell it. ➢ it will generate probable future economic benefits. ➢ there are available technical, financial and other resources to complete the development and to use or sell the asset. ➢ the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ➢ first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ➢ then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase. Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ➢ Mandatorily at fair value through profit or loss; or ➢ Designated as of fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ➢ Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ➢ Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as of amortized cost or at fair value through other comprehensive income); or ➢ Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ➢ Amortized cost; ➢ Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ➢ Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ➢ the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as of fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as of fair value through other comprehensive income. The designation as of fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as of fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 27, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date. Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ➢ a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ➢ a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity. Leases The Company accounts for its various operating leases in accordance with adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ➢ the initial amount of the corresponding lease liability; ➢ any lease payments made at or before the commencement date; ➢ any initial direct costs incurred; ➢ any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ➢ less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and de	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD. Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through use its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred. Business Combinations (as restated) The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as at the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. Contingent liabilities are only included in the identifiable assets and liabilities of the acquiree where there is a present obligation at acquisition date. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as at acquisition date. The measurement to fair value is included in profit or loss for the year. Where the existing shareholding was classified as an available-for-sale financial asset, the cumulative fair value adjustments recognized previously to other comprehensive income and accumulated in stockholders’ equity are recognized in profit or loss as a reclassification adjustment. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising on acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company previously elected to account for common control business combinations using a modified acquisition method. This accounting policy was applied consistently to similar transactions. The Company’s policy was to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to restate the common control entity’s identifiable assets, liabilities and contingent liabilities to their fair values as of the acquisition date and record goodwill, similar to the acquisition method. The Company has changed its policy to correct its accounting for common control business combinations, from the modified acquisition method to the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity. Restatement of the Consolidated Financial Statements The Company has restated its consolidated financial statements as of and for the years ended December 31, 2020 and 2019 as a result of the correction to the policy for accounting for common control business combinations, as noted above. See Note 4 — Business Combinations. See Note 35 — Restatement of Previously Issued Audited Consolidated Financial Statements for additional information regarding the restatement adjustments made to the consolidated financial statements as a result of the above noted accounting policy correction for common control business combinations. Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements. Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available. Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less. Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in investment income. Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs. Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2019, the Company had $825,307 of construction in progress that had been placed into service in February 2020. As of December 31, 2020, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service. Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ● it is technically feasible to complete the asset so that it will be available for use or sale. ● there is an intention to complete and use or sell it. ● there is an ability to use or sell it. ● it will generate probable future economic benefits. ● there are available technical, financial and other resources to complete the development and to use or sell the asset. ● the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. In addition, Entrepreneurs Institute developed content, customer relationships, and trade names and trademarks were recognized as part of the acquisition accounting in August 2019, and Entrepreneur Resorts’ developed content, trade names and trademarks, and databases were recognized as part of the acquisition accounting in July 2020. Developed content is being amortized over ten years, and customer relationships and databases are being amortized over seven years. Trade names and trademarks have been determined to have an indefinite useful life. See Note 4 — Business Combinations. Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ● first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ● then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase. Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ● Mandatorily at fair value through profit or loss; or ● Designated as at fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ● Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ● Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as at amortized cost or at fair value through other comprehensive income); or ● Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ● Amortized cost; ● Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ● Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ● the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as at fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as at fair value through other comprehensive income. The designation as at fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as at fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof. Loans payable and convertible debt Loans payable are recognized when the Company becomes a party to the contractual provisions of the loan and are classified as financial liabilities subsequently measured at amortized cost. The loans are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. Interest expense, calculated on the effective interest method, is included in profit or loss. Borrowings expose the Company to liquidity risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date. Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ● a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ● a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different per

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 — RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Standards Standard/Interpretation Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 effective for periods beginning January 1, 2021 did not materially impact the Company’s consolidated financial statements. Recent Accounting Standards Not Yet Adopted ​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2021 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023 ​ The Company expects that the adoption of the standards above will have no material impact on the consolidated financial statements in the year of initial application.	NOTE 3 — RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Standards ​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to References to the Conceptual Framework in IFRS Standards ​ January 1, 2020 Amendments to FRS 1 and FRS 8 Definition of Material ​ January 1, 2020 Amendments to IFRS 3 Definition of a Business ​ January 1, 2020 Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform ​ January 1, 2020 Amendment to IFRS 16 COVID-19 Related Rent Concessions ​ June 1,2020 ​ The adoption of the standards above did not materially impact the Company’s consolidated financial statements. Recent Accounting Standards Not Yet Adopted ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation ​ beginning on or after Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 ​ January 1, 2021 Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2020 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023 ​ The Company expects that the adoption of the standards above will have no material impact on the consolidated financial statements in the year of initial application.

BUSINESS COMBINATIONS_2

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	NOTE 4 — BUSINESS COMBINATIONS Genius Group Ltd.’s Acquisition of Entrepreneur Resorts On July 17, 2020, Genius Group Ltd acquired 97.8% of the voting equity interest of Entrepreneur Resorts, an entity under common control with Genius Group Ltd, and its wholly-owned subsidiaries, for $30,997,810 of purchase consideration, made up of $30,997,810 of Genius Group Ltd ordinary shares. Entrepreneur Resorts operates entrepreneur resorts and cafes. Below is a summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954 ​ The difference between the purchase consideration and the total of net assets acquired amounts to $25,190,856 and is recorded under Reserves. The operating results of Entrepreneur Resorts were consolidated with Genius Group for the years ended December 31, 2020 on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneur Resorts for both years have been included in the consolidated statements of operations and comprehensive loss in full.	NOTE 4 — BUSINESS COMBINATIONS The Company continues to make acquisitions to accelerate the revenue and profitability growth of the Group, to add valuable assets to the Group portfolio, and to fulfill management’s vision for the business — in terms of both positive impact on customers and shareholder value. The Company believes that the acquisitions will further enhance the efficiency of the Group and will add value through synergies and leverage. Genius Group’s Acquisition of Entrepreneurs Institute (as restated) On August 30, 2019, Genius Group Ltd acquired 100% of the voting equity interest of Entrepreneurs Institute, an entity under common control with Genius Group Ltd, for $8,000,000 of purchase consideration, including $6,400,000 of Genius Group Ltd ordinary shares, $800,000 of cash and a $800,000 non-interest bearing note payable to the sellers with $400,000 payable on each of the first and second Below is a summary of the book value of the assets and liabilities associated with Entrepreneurs Institute at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash & equivalents $ 159,000 Accounts receivable ​ 984,000 Advances to affiliates ​ 830,000 Prepaid expenses ​ 468,000 Other assets ​ 9,000 Total acquired assets ​ 2,450,000 Less: Acquired liabilities Accounts payable ​ (566,000) Accrued expenses ​ (58,000) Deferred revenue ​ (2,224,000) Net assets acquired ​ $ (398,000) ​ The corrections as disclosed in Note 2 resulted in the following restatement adjustments. ● Assets and liability previously identified and recorded which have been removed:- ● Trade names and trademarks — $2,530,000 ● Developed content — $2,460,000 ● Customer relationships — $350,000 ● Goodwill — $3,655,567 ● Deferred tax liability — $597,567 ● The difference between the purchase consideration and the total of net assets acquired amounts to $8,398,000 and is recorded under Reserves. The operating results of Entrepreneurs Institute were consolidated with Genius Group for the year ended December 31, 2019, on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneurs Institute for the year have been included in the consolidated statements of operations and comprehensive loss in full. Entrepreneur Resorts’ Acquisition of Matla Game Lodge On August 22, 2019, Entrepreneur Resorts acquired 100% of the voting equity interest of Matla Game Lodge Proprietary Limited (“Matla”) for $1 of cash purchase consideration. Matla became one of the Genius Group Ltd campuses. The Company recognized a $1,060,795 bargain purchase gain on the acquisition date to the fact that the fair value of Matla’s net assets exceeded the purchase price. The seller agreed to sell the property for purchase consideration that was less than the property’s fair value because recurring losses resulting from operating restrictions imposed by the land lease had negatively impacted the seller’s cash flows. Entrepreneur Resorts management has determined that the impact of these operating restrictions on the Entrepreneur Resorts business are mitigated by synergies provided by Entrepreneur Resorts’ business association with Genius Group Ltd and the operation of Entrepreneur Resorts’ existing Tau Game lodge. Below is a summary of the fair value of the assets and liabilities associated with Matla at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash & equivalents ​ $ 14,759 Buildings ​ 975,008 Right of use asset ​ 166,925 Other property and equipment ​ 290,865 Other assets ​ 9,888 Total acquired assets ​ 1,457,445 Less: Acquired liabilities Accounts payable ​ (8,499) Lease liability ​ (166,925) Deferred tax liability ​ (218,402) Other liabilities ​ (2,824) Net assets acquired ​ $ 1,060,795 ​ Had Matla been consolidated from January 1, 2019, the consolidated statements of operations and comprehensive loss would have included revenue of $0.11 million and loss of $0.17 million (unaudited). Genius Group Ltd.’s Acquisition of Entrepreneur Resorts (as restated) On July 17, 2020, Genius Group Ltd acquired 97.8% of the voting equity interest of Entrepreneur Resorts, an entity under common control with Genius Group Ltd, and its wholly-owned subsidiaries, for $30,997,810 of purchase consideration, made up of $30,997,810 of Genius Group Ltd ordinary shares. The excess of the purchase consideration over the carrying value of Entrepreneur Resort’s assets and liabilities was charged off to capital reserves. Entrepreneur Resorts operates entrepreneur resorts and cafes. Below is a summary of the book value of the assets and liabilities associated with Entrepreneur Resorts at acquisition. ​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954 ​ The corrections as disclosed in Note 2 resulted in the following restatement adjustments. ● Assets previously identified and recorded which have been removed:- ● Trademarks, Trade Names and Domain Names — $9,919,269 ● Developed Content — $3,769,322 ● Databases — $1,290,000 ● Asset and liability for which the amounts are restated:- ● Goodwill — from $14,991,931 to $1,209,953 ● Deferred tax liability — from $3,602,988 to $607,270 ● The difference between the purchase consideration and the total of net assets acquired amounts to $25,190,856 and is recorded under Reserves. The amounts recorded under Reserves in the Consolidated Statements of Changes in Stockholders’ Equity are reconciled as follows: ● During 2017, Entrepreneur Resorts Ltd acquired all of the issued shares of Entrepreneur Resorts Pte Ltd. This was a common control business combination. The difference between the purchase consideration and the net assets acquired was $5,123,337 , which is recorded against reserves prior to 2019 and is shown in the consolidated statement of changes in stockholders’ equity as the opening balance of Reserves As restated as at January 1, 2019. ● During 2020, Genius Group Ltd acquired 97.8% of the issued shares of Entrepreneur Resorts Ltd. This was a common control business combination. The difference between the purchase consideration and the net assets acquired was $25,190,856 . The amount of $5,123,337 referenced in the dot point above forms part of this difference, leaving a remaining amount of $20,067,519 . A foreign currency translation adjustment of $311,994 was recorded in relation to the transaction, resulting in the amount of $20,379,513 recorded under Reserves As restated in 2020. ● The difference between the consideration for the acquisition of $30,997,810 and the amount of $17,798,374 for ordinary shares issued for this acquisition is reconciled as follows: ● The Company’s policy for accounting for common control business combinations, as restated in Note 2, is to apply the book value method. In accordance with this policy, the financial statements for the pre-acquisition period are presented to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity. ● As such, the issued value of Entrepreneur Resorts contributed capital immediately prior to the acquisition of $ 13,199,436 was included in the consolidated financial statements of the Pre- IPO Group as part of contributed capital immediately prior to the acquisition. ● For the consideration for the acquisition of Entrepreneur Resorts, Genius Group Ltd issued shares to Entrepreneur Resorts shareholders with a total value of $30,997,810 . The transaction was a swap of Genius Group Ltd shares for Entrepreneur Resorts shares. As $13,199,436 of contributed capital of Entrepreneur Resorts was already included in consolidated contributed capital of the Pre-IPO Group, we have recognized only the difference in value of $17,798,374 as the net increase in contributed capital on a consolidated basis. ● On consolidation as at December 31, 2020, the contributed capital of Entrepreneur Resorts in the amount of $13,199,436 was eliminated along with Genius Group Ltd’s shareholding in Entrepreneur Resorts of $30,997,810 . As such, the issued value of Genius Group Ltd shares from the transaction of $30,997,810 forms part of total Contributed Capital as at December 31, 2020. The difference on elimination of $17,798,374 forms part of reserves as a result of the application of the book method for the business combination. The combination of these eliminations results in the full elimination of $30,997,810 . The operating results of Entrepreneur Resorts were consolidated with Genius Group for the years ended December 31, 2019 and 2020 on the basis that the entities were under common control. As such, the revenue and profit or loss of Entrepreneur Resorts for both years have been included in the consolidated statements of operations and comprehensive loss in full.

DUE FROM RELATED PARTY_2

DUE FROM RELATED PARTY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DUE FROM RELATED PARTY
DUE FROM RELATED PARTY	NOTE 5 — DUE FROM RELATED PARTY Due from related parties at December 31, 2021 and 2020 represents non-operational amounts receivable from entities that are controlled by a director of the Company. The receivables are unsecured, bear no interest and are due on demand.	NOTE 5 — DUE FROM RELATED PARTY Due from related parties at December 31, 2020 and 2019 represents amounts receivable from entities that are controlled by a director of the Company. The receivables are unsecured, bear no interest and are due on demand.

INVENTORIES_2

INVENTORIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
INVENTORIES	NOTE 6 — INVENTORIES As of December 31, 2021 and 2020 inventories consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Food and beverage ​ $ 38,500 ​ $ 42,694 Merchandise ​ 51,777 ​ 59,943 Consumables ​ 2,253 ​ 9,906 Total inventories ​ $ 92,530 ​ $ 112,543 ​	NOTE 6 — INVENTORIES As of December 31, 2020 and 2019 inventories consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Food and beverage ​ $ 42,694 ​ $ 47,224 Merchandise ​ 59,943 ​ 65,098 Consumables ​ 9,906 ​ 7,194 Total inventories ​ $ 112,543 ​ $ 119,516 ​

PREPAID EXPENSES AND OTHER CU_4

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PREPAID EXPENSES AND OTHER CURRENT ASSETS
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 7 — PREPAID EXPENSES AND OTHER CURRENT ASSETS As of December 31, 2021 and 2020, prepaid expenses and other current assets consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Prepaid expenses $ 3,349,990 $ 1,305,088 Deposits ​ ​ 59,925 ​ ​ 226,189 Other receivables ​ 80,531 ​ 17,440 Total ​ $ 3,490,446 ​ $ 1,548,717 ​	NOTE 7 — PREPAID EXPENSES AND OTHER CURRENT ASSETS As of December 31, 2020 and 2019, prepaid expenses and other current assets consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Prepaid expenses $ 1,305,088 $ 832,280 Deposits ​ ​ 226,189 ​ ​ 223,718 Other receivables ​ 17,440 ​ 9,037 Total ​ $ 1,548,717 ​ $ 1,065,035 ​

PROPERTY AND EQUIPMENT_2

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 8 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Accumulated ​ Carrying ​ ​ ​ ​ Accumulated ​ Carrying ​ Cost Depreciation Value Cost Depreciation Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings ​ 4,401,241 ​ (989,085) ​ 3,412,156 ​ 4,625,408 ​ (674,781) ​ 3,950,627 Leasehold property ​ 4,261,623 ​ (2,770,810) ​ 1,490,813 ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 Plant and machinery ​ 136,692 ​ (87,050) ​ 49,642 ​ 164,137 ​ (79,453) ​ 84,684 Furniture and fixtures ​ 537,964 ​ (330,476) ​ 207,488 ​ 466,277 ​ (276,904) ​ 189,373 Motor vehicles ​ 320,103 ​ (281,587) ​ 38,516 ​ 341,906 ​ (248,580) ​ 93,326 Office equipment ​ 26,287 ​ (19,528) ​ 6,759 ​ 23,599 ​ (13,164) ​ 10,435 IT equipment ​ 113,790 ​ (88,274) ​ 25,516 ​ 113,790 ​ (80,800) ​ 32,990 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Spa equipment, curtains, crockery, glassware and linen ​ 255,434 ​ (196,926) ​ 58,508 ​ 255,434 ​ (161,724) ​ 93,710 ​ ​ $ 11,554,308 ​ $ (4,768,192) ​ $ 6,776,116 ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ Reconciliation of property and equipment — 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings ​ 3,950,627 ​ ​ ​ — ​ (215,291) ​ ​ ​ (323,180) ​ 3,412,156 Leasehold Property ​ 1,655,129 ​ ​ ​ — ​ 9,777 ​ — ​ (174,093) ​ 1,490,813 Plant & Machinery ​ 84,685 ​ 9,981 ​ — ​ (37,427) ​ ​ ​ (7,597) ​ 49,642 Furniture and Fixtures ​ 189,372 ​ 65,128 ​ — ​ 6,558 ​ ​ ​ (53,570) ​ 207,488 Motor Vehicles ​ 93,325 ​ — ​ — ​ (21,803) ​ ​ ​ (33,006) ​ 38,516 Office Equipment ​ 10,435 ​ 2,688 ​ — ​ — ​ ​ ​ (6,364) ​ 6,759 IT Equipment ​ 32,989 ​ — ​ — ​ — ​ ​ ​ (7,473) ​ 25,516 Spa Equipment, curtains, crockery, glassware and linen ​ 93,710 ​ — ​ — ​ ​ ​ ​ ​ (35,202) ​ 58,508 ​ ​ $ 7,596,990 ​ $ 77,797 ​ $ — ​ $ (258,186) ​ $ — ​ $ (640,485) ​ $ 6,776,116 ​ Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ ​ 1,486,718 Buildings ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ 825,307 ​ — ​ — ​ ​ ​ (825,307) ​ — ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 ​	NOTE 8 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ ​ ​ ​ As restated ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost Accumulated Value ​ ​ Accumulated Carrying ​ ​ As restated ​ Depreciation ​ As restated ​ Cost ​ Depreciation ​ Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings, as restated ​ 4,625,408 ​ (674,781) ​ 3,950,627 ​ 3,774,580 ​ (344,035) ​ 3,430,545 Leasehold property ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 ​ 3,373,869 ​ (2,354,975) ​ 1,018,894 Plant and machinery ​ 164,137 ​ (79,453) ​ 84,684 ​ 167,428 ​ (71,509) ​ 95,919 Furniture and fixtures ​ 466,277 ​ (276,904) ​ 189,373 ​ 450,618 ​ (219,166) ​ 231,452 Motor vehicles ​ 341,906 ​ (248,580) ​ 93,326 ​ 356,094 ​ (220,244) ​ 135,850 Office equipment ​ 23,599 ​ (13,164) ​ 10,435 ​ 23,700 ​ (10,909) ​ 12,791 IT equipment ​ 113,790 ​ (80,800) ​ 32,990 ​ 113,630 ​ (71,190) ​ 42,440 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Construction in progress ​ ​ — ​ ​ — ​ ​ — ​ ​ 825,307 ​ ​ — ​ ​ 825,307 Spa equipment, curtains, crockery, glassware and linen. ​ 255,434 ​ (161,724) ​ 93,710 ​ 257,094 ​ (137,598) ​ 119,496 ​ ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ $ 10,833,494 ​ $ (3,434,082) ​ $ 7,399,412 ​ Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance As restated Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings, as restated ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ ​ 825,307 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ (825,307) ​ ​ — ​ ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 ​ Reconciliation of property and equipment — 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Revaluation Depreciation Balance Land ​ ​ 1,486,453 ​ ​ 265 ​ ​ — ​ ​ ​ ​ ​ — ​ — ​ ​ 1,486,718 Buildings ​ 3,448,091 ​ 147,815 ​ — ​ ​ ​ ​ ​ (165,361) ​ 3,430,545 Leasehold Property ​ 832,002 ​ 706,146 ​ — ​ ​ ​ ​ ​ (519,254) ​ 1,018,894 Plant & Machinery ​ 13,390 ​ 93,074 ​ (3,309) ​ ​ ​ ​ ​ (7,236) ​ 95,919 Furniture and Fixtures ​ 239,759 ​ 14,372 ​ — ​ ​ ​ ​ ​ (22,679) ​ 231,452 Motor Vehicles ​ 74,055 ​ 70,791 ​ — ​ ​ ​ ​ ​ (8,996) ​ 135,850 Office Equipment ​ 1,359 ​ 16,658 ​ (214) ​ ​ ​ ​ ​ (5,012) ​ 12,791 IT Equipment ​ 36,015 ​ 18,682 ​ — ​ ​ ​ ​ ​ (12,257) ​ 42,440 Construction in progress ​ — ​ 825,307 ​ — ​ ​ ​ ​ ​ — ​ 825,307 Spa Equipment, curtains, crockery, glassware and linen ​ 130,301 ​ 8,928 ​ (22) ​ ​ ​ ​ ​ (19,711) ​ 119,496 ​ ​ $ 6,261,425 ​ $ 1,902,038 ​ $ (3,545) ​ $ — ​ $ — ​ $ (760,506) ​ $ 7,399,412 ​

RIGHT OF USE ASSET AND LEASE _5

RIGHT OF USE ASSET AND LEASE LIABILITY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
RIGHT OF USE ASSET AND LEASE LIABILITY	NOTE 9 — RIGHT OF USE ASSET AND LEASE LIABILITY Net carrying amounts of right-of-use assets The carrying amounts of right-of-use assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (117,959) ​ (39,007) Accumulated depreciation on right of use assets ​ (1,233,934) ​ (726,246) Right of use asset, net. ​ $ 1,077,241 ​ $ 1,663,881 ​ During the year ended December 31, 2021, the Company recorded depreciation of right-of-use assets of $507,688 (2020 — $491,185) which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. Lease liabilities The maturity analysis of lease liabilities is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Within one year ​ $ 436,270 ​ $ 545,132 Two to five years ​ 298,594 ​ 660,034 Thereafter ​ 9,007,645 ​ 9,924,141 ​ ​ 9,742,509 ​ 11,129,307 Less: finance charges component ​ (8,411,649) ​ (9,276,243) ​ ​ $ 1,330,860 ​ $ 1,853,064 Lease liabilities, current ​ $ 436,271 ​ $ 545,132 Lease liabilities, non-current ​ 894,589 ​ 1,307,932 ​ ​ $ 1,330,860 ​ $ 1,853,064 ​ The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.25%.	NOTE 9 — RIGHT OF USE ASSET AND LEASE LIABILITY Net carrying amounts of right-of-use assets The carrying amounts of right-of-use assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (39,007) ​ — Accumulated depreciation on right of use assets ​ (726,246) ​ (235,061) Right of use asset, net. ​ $ 1,663,881 ​ $ 2,194,073 ​ During the year ended December 31, 2020, the Company recorded depreciation of right-of-use assets of $491,185 (2019 — $235,061) which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. Lease liabilities The maturity analysis of lease liabilities is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Within one year ​ $ 545,132 ​ $ 544,551 Two to five years ​ 660,034 ​ 1,214,787 Thereafter ​ 9,924,141 ​ 15,534,632 ​ ​ 11,129,307 ​ 17,293,970 Less: finance charges component ​ (9,276,243) ​ (15,020,231) ​ ​ $ 1,853,064 ​ $ 2,273,739 Lease liabilities, current ​ $ 545,132 ​ $ 544,551 Lease liabilities, non-current ​ 1,307,932 ​ 1,729,188 ​ ​ $ 1,853,064 ​ $ 2,273,739 ​ The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.25%.

INVESTMENTS AT FAIR VALUE_2

INVESTMENTS AT FAIR VALUE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS AT FAIR VALUE
INVESTMENTS AT FAIR VALUE	NOTE 10 — INVESTMENTS AT FAIR VALUE As of December 31, 2021 and 2020, investments at fair value consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Investments in YouGo World ​ $ 28,698 ​ $ 28,698 Other investments ​ 371 ​ 378 Total ​ $ 29,069 ​ $ 29,076 ​ On September 11, 2017, the Company entered into an agreement to purchase a 2.5% interest in yougo.world ltd., a start-up company focusing on mixed reality platforms, content and services. The investment was funded in 2018.	NOTE 10 — INVESTMENTS AT FAIR VALUE As of December 31, 2020 and 2019, investments at fair value consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Investments in YouGo World ​ $ 28,698 ​ $ 28,155 Other investments ​ 378 ​ 371 Total ​ $ 29,076 ​ $ 28,526 ​ On September 11, 2017, the Company entered into an agreement to purchase a 2.5% interest in yougo.world ltd., a start-up company focusing on mixed reality platforms, content and services. The investment was funded in 2018.

GOODWILL_2

GOODWILL	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GOODWILL
GOODWILL	NOTE 11 — GOODWILL Changes in goodwill are as follows during the years ended December 31, 2021 and 2020: ​ ​ ​ ​ ​ Balance as of January 1, 2020 $ 1,209,953 Additions – ​ — Balance as of December 31, 2020 ​ $ 1,209,953 Additions – foreign currency translation ​ 110,147 Balance as of December 31, 2021 ​ $ 1,320,100 ​ See Note 4 — Business Combinations for additional details related to the Entrepreneur Resorts goodwill. Goodwill is allocated to the Company’s cash-generating units. The recoverable amounts of these cash- generating units have been determined based on value in use calculations. Other assumptions included in value in use calculations are closely linked to entity-specific key performance indicators. Management believes that any reasonably possible change in the key assumptions on which recoverable amounts are based would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the cash- generating units.	NOTE 11 — GOODWILL (as restated) Changes in goodwill are as follows during the years ended December 31, 2020, and 2019: ​ ​ ​ ​ ​ Balance as of December 31, 2018, as restated ​ 1,209,953 Additions – ​ — Balance as of December 31, 2019, as restated ​ $ 1,209,953 Additions – ​ — Balance as of December 31, 2020, as restated ​ $ 1,209,953 ​ See Note 4 — Business Combinations for additional details related to the Entrepreneurs Institute and Entrepreneur Resorts goodwill. Goodwill is allocated to the Company’s cash-generating units. The recoverable amounts of these cash- generating units have been determined based on value in use calculations. Other assumptions included in value in use calculations are closely linked to entity-specific key performance indicators. Management believes that any reasonably possible change in the key assumptions on which recoverable amounts are based would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the cash- generating units.

INTANGIBLE ASSETS_2

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTANGIBLE ASSETS
INTANGIBLE ASSETS	NOTE 12 — INTANGIBLE ASSETS The Company’s intangible assets consist of costs incurred in connection with the development of the Company’s digital education software platform. A reconciliation of intangible assets for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2020 Additions ​ Intangibles Expense Translation 2021 GeniusU software platform $ 2,007,182 $ 804,314 $ — $ — ​ — $ 2,811,496 Trademarks ​ 13,234 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (1,015,502) ​ — ​ — ​ (424,080) ​ 9,821 ​ (1,429,761) Net carrying value ​ $ 1,004,914 ​ $ 804,314 ​ $ — ​ $ (424,080) ​ $ 9,821 ​ $ 1,394,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions Intangibles Expense Translation 2020 GeniusU software platform $ 1,563,193 $ 424,530 ​ ​ $ — $ 19,459 $ 2,007,182 Trademarks ​ ​ ​ — ​ $ 13,234 ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ During the years ended December 31, 2021 and 2020, the Company recorded amortization of intangible assets in the amount of $424,080 and $359,822 respectively, which is included in cost of revenue on the accompanying statements of operations and comprehensive loss.	NOTE 12 — INTANGIBLE ASSETS (as restated) The Company’s intangible assets consist of costs incurred in connection with the development of the Company’s digital education software platform. A reconciliation of intangible assets for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions ​ Intangibles Expense Translation 2020, as restated Trademarks $ — $ — $ 13,234 $ — $ — $ 13,234 GeniusU software platform ​ $ 1,563,193 ​ $ 424,530 ​ $ — ​ $ — ​ $ 19,459 ​ $ 2,007,182 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2018 Additions Intangibles Expense Translation 2019, as restated GeniusU software platform $ 1,103,705 $ 423,959 $ — $ — $ 35,529 $ 1,563,193 Accumulated Amortization ​ (358,067) ​ ​ ​ ​ ​ (268,499) ​ (14,248) ​ (640,814) Net carrying value ​ $ 745,638 ​ $ 423,959 ​ $ — ​ $ (268,499) ​ $ 21,281 ​ $ 922,379 ​ During the years ended December 31, 2020 and 2019, the Company recorded amortization of intangible assets in the amount of $359,822 and $268,499 respectively, which is included in cost of revenue on the accompanying statements of operations and comprehensive loss. See Note 4 — Business Combinations for additional details related to the Entrepreneurs Institute and Entrepreneur Resorts acquisitions.

DEFERRED TAX ASSETS AND LIABI_5

DEFERRED TAX ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED TAX ASSETS AND LIABILITIES
DEFERRED TAX ASSETS AND LIABILITIES	NOTE 13 — DEFERRED TAX ASSETS AND LIABILITIES Deferred tax assets and (liabilities) as of December 31, 2021 and 2020 and the related activity for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Other ​ Provision For ​ December 31, ​ ​ 2020 Comprehensive Income Income Taxes 2021 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ ​ — ​ ​ — ​ ​ — ​ $ — Property, plant, and equipment ​ ​ (979,612) ​ ​ — ​ ​ 96,537 ​ $ (883,075) Other ​ (8,431) ​ ​ ​ ​ 8,431 ​ $ — ​ ​ (988,043) ​ — ​ 104,968 ​ (883,075) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ — ​ — ​ ​ — ​ $ — Prepaid expenses ​ (11,849) ​ — ​ (5,346) ​ $ (17,195) Other (Section 24C allowance) ​ 26,452 ​ 23,451 ​ 116 ​ $ 50,019 ​ ​ 14,603 ​ 23,451 ​ (5,230) ​ 32,824 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ — ​ — ​ ​ — ​ $ — Income in Advance ​ 98,015 ​ — ​ 29,114 ​ $ 127,129 Tax Losses ​ — ​ — ​ — ​ $ — Net deferred tax assets and (liabilities) ​ $ (875,425) ​ $ 23,451 ​ $ 128,852 ​ $ (723,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Recognized In ​ Recognized In ​ Balance ​ ​ 2019, as ​ Business ​ Provision For ​ December 31, ​ ​ restated ​ Combinations Income Taxes ​ 2020 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (1,005,005) ​ (69,537) ​ 94,930 ​ (979,612) Other ​ — ​ — ​ (8,431) ​ (8,431) ​ ​ (1,005,005) ​ — ​ 86,499 ​ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ (11,849) Other (Other) ​ — ​ — ​ 26,452 ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ ​ (174,963) ​ ​ — ​ ​ 280,070 ​ — ​ (182,056) ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Unused tax losses for which no deferred tax assets has been recognized ​ $ (9,982,291) ​ $ (6,155,623) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (2,050,255) ​ $ (1,305,245) ​ Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s financial statements as of December 31, 2021 and 2020. No tax audits were commenced or were in process during the years ended December 31, 2021 and 2020 and no tax related interest or penalties were incurred during those years.	NOTE 13 — DEFERRED TAX ASSETS AND LIABILITIES (as restated) Deferred tax assets and (liabilities) as of December 31, 2020 and 2019 and the related activity for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2019, as restated Combinations Income Taxes 2020, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ ​ (1,005,005) ​ ​ (69,537) ​ ​ 94,930 ​ ​ (979,612) Other ​ — ​ ​ ​ ​ (8,431) ​ $ (8,431) ​ ​ (1,005,005) ​ (69,537) ​ 86,499 ​ $ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ ​ (11,849) Other (Other) ​ ​ — ​ ​ — ​ ​ 26,452 ​ ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ (174,963) ​ ​ — ​ ​ ​ 280,071 ​ ​ — ​ ​ (182,056) ​ ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Recognized In ​ Recognized In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2018 ​ Combinations Income Taxes ​ 2019, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (853,231) ​ (218,402) ​ 66,628 $ (1,005,005) Other ​ — ​ — ​ — $ — ​ ​ (853,231) ​ (218,402) ​ 66,628 ​ (1,005,005) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ ​ — ​ ​ — ​ ​ — ​ $ — Prepaid expenses ​ ​ (1,536) ​ ​ — ​ ​ 1,536 ​ $ — Other (Section 24C allowance) ​ (70,427) ​ — ​ 58,718 $ (11,709) ​ ​ (71,963) ​ — ​ 60,254 ​ (11,709) Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ ​ — ​ ​ — ​ ​ — ​ $ — Income in Advance ​ 117,378 ​ — ​ (12,270) $ 105,108 Tax Losses ​ 373,618 ​ ​ ​ ​ (198,656) ​ $ 174,963 ​ ​ 490,996 ​ ​ ​ (210,926) ​ 280,071 Net deferred tax assets and (liabilities) ​ $ (434,198) ​ $ (218,402) ​ $ (84,044) ​ $ (736,645) ​ Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 2019 Unused tax losses for which no deferred tax assets has been recognized ​ $ (6,155,623) ​ $ (4,044,750) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (1,305,245) ​ $ (768,413) ​ Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s financial statements as of December 31, 2020 and 2019. No tax audits were commenced or were in process during the years ended December 31, 2020 and 2019 and no tax related interest or penalties were incurred during those years.

OTHER NON-CURRENT ASSETS_2

OTHER NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS	NOTE 14 — OTHER NON-CURRENT ASSETS As of December 31, 2021, other non-current assets amounting to $501,750 (2020- $516,296) consists of a deposit on a proposed acquisition of University of Antelope Valley.	NOTE 14 — OTHER NON-CURRENT ASSETS As of December 31, 2020, other non-current assets amounting to $516,296 consists of a deposit on a proposed acquisition of University of Antelope Valley.

ACCRUED EXPENSES AND OTHER CU_4

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES As of December 31, 2021, and 2020, accrued expenses and other current liabilities consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Accrued expenses ​ $ 390,138 ​ $ 233,842 North West Parks Board ​ ​ 1,177,050 ​ ​ 1,049,515 Other taxation payable ​ 33,314 ​ 104,368 VAT ​ 48,493 ​ 28,271 Derivative liability ​ 250,000 ​ 250,000 Sundry payables ​ 165,307 ​ 144,226 Total ​ $ 2,064,302 ​ $ 1,810,222 ​ The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease.	NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES As of December 31, 2020 and 2019, accrued expenses and other current liabilities consist of: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Accrued expenses ​ $ 233,842 ​ $ 275,258 North West Parks Board ​ ​ 1,049,515 ​ ​ 986,516 Other taxation payable ​ 104,368 ​ 135,381 VAT ​ 28,271 ​ 33,938 Derivative liability ​ 250,000 ​ — Sundry payables ​ 144,226 ​ 11,497 Total ​ $ 1,810,222 ​ $ 1,442,590 ​ The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease. The Derivative liability is explained at Note 17 — Loans Payable.

DEFERRED REVENUE_2

DEFERRED REVENUE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED REVENUE
DEFERRED REVENUE	NOTE 16 — DEFERRED REVENUE As of December 31, 2021, and 2020, deferred revenue consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Advance bookings for lodges ​ $ 293,716 ​ $ 379,305 Educational revenue paid in advance ​ ​ 1,630,723 ​ ​ 1,026,700 Other prepaid income ​ 638,473 ​ 140,707 Total ​ $ 2,561,912 ​ $ 1,546,712 ​ An analysis of contractual obligations is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Deferred revenue, beginning ​ $ 1,546,712 ​ $ 3,231,431 Addition ​ 1,773,994 ​ 1,220,972 Usage ​ (758,794) ​ (2,905,691) Deferred revenue, ending ​ $ 2,561,912 ​ $ 1,546,712 ​	NOTE 16 — DEFERRED REVENUE As of December 31, 2020 and 2019, deferred revenue consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Advance bookings for lodges ​ $ 379,305 ​ $ 399,291 Educational revenue paid in advance ​ ​ 1,026,700 ​ ​ 2,724,427 Other prepaid income ​ 140,707 ​ 107,713 Total ​ $ 1,546,712 ​ $ 3,231,431 ​

LOANS PAYABLE_2

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE
LOANS PAYABLE	NOTE 17 — LOANS PAYABLE As of December 31, 2021 and 2020, loans payable consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2020 Loans payable – current portion ​ $ 65,415 ​ $ 65,611 Loans payable – non-current portion ​ ​ 85,858 ​ ​ 157,629 Total ​ $ 151,273 ​ $ 223,240 ​ In September of 2019, the Company obtained lines of credit in the aggregate amount of S$400,000 (approximately $296,912 at the 2019 exchange rate) for working capital and business expansions requirements, which the Company drew down on in full. Loans in the amount of S$100,000 (approximately $74,228 at the 2019 exchange rate) shall be repaid over 36 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 8% per annum plus a margin of 0.88%, subject to adjustment. The Company has the option to prepay the loan before its maturity date, subject to a fee of 6.88% if paid within twelve months from the drawdown date. Loans in the amount of S$300,000 (approximately $222,684 at the 2019 exchange rate) shall be repaid over 60 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 6.25% per annum, subject to adjustment. The loans are secured by personal guarantees of the Director. During the year ended December 31, 2021, the Company repaid an aggregate of S$91,063, approximately $67,220 at the 2021 exchange rate (2020 — S$84,614, approximately $61,379 at the 2020 exchange rate) of principal plus the respective accrued interest.	NOTE 17 — LOANS PAYABLE As of December 31, 2020 and 2019, loans payable consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Loans payable – current portion ​ $ 65,611 ​ $ 64,379 Loans payable – non-current portion ​ ​ 157,629 ​ ​ 1,217,509 Total ​ $ 223,240 ​ $ 1,281,888 ​ In 2017, the Company purchased shares of an entity for consideration of $4,000,000, settled by payment of $2,500,000 in cash and through the issuance of an unsecured loan in the amount of $1,500,000 which bears interest at rates per annum as agreed upon by the parties from time to time. During the year ended December 31, 2019, the Company repaid $ 500,000 $250,000 In September of 2019, the Company obtained lines of credit in the aggregate amount of S$400,000 (approximately $296,912 at the 2019 exchange rate) for working capital and business expansions requirements, which the Company drew down on in full. Loans in the amount of S$100,000 (approximately $74,228 at the 2019 exchange rate) shall be repaid over 36 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 8% per annum plus a margin of 0.88%, subject to adjustment. The Company has the option to prepay the loan before its maturity date, subject to a fee of 6.88% if paid within twelve months from the drawdown date. Loans in the amount of S$300,000 (approximately $222,684 at the 2019 exchange rate) shall be repaid over 60 monthly installments including both principal and the respective accrued interest. Interest on such principal shall bear at a rate of 6.25% per annum, subject to adjustment. The loans are secured by personal guarantees of the Director. During the year ended December 31, 2020, the Company repaid an aggregate of S$84,614, approximately $61,379 at the 2020 exchange rate (2019 — S$20,241, approximately $15,024 at the 2019 exchange rate) of principal plus the respective accrued interest. In 2020, loans amounting to $400,000 were settled by the creditor in favor of the Company.

LOANS PAYABLE - RELATED PARTI_6

LOANS PAYABLE - RELATED PARTIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE - RELATED PARTIES
LOANS PAYABLE - RELATED PARTIES	NOTE 18 — LOANS PAYABLE — RELATED PARTIES Loans from related parties as of December 31, 2021 and 2020 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Loan payable to related parties for the acquisition of Wealth Dynamics ​ ​ ​ ​ ​ ​ Current portion ​ $ 425,551 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ — Subtotal ​ 425,551 ​ 400,000 Other loans payable to related parties, current ​ — ​ 189,502 Total loans payable to related parties ​ $ 425,551 ​ $ 589,502 ​ The loan payable to related parties for the acquisition of Entrepreneurs Institute is non-interest bearing, with $400,000 payable on each of the first and second anniversaries of the acquisition date. Other loans payable to related parties represent unsecured loans from shareholders, which bear no interest and are payable on demand. The Company pays fees to Entrepreneurs Institute Australia Pty Ltd (“EIA”), an Australian company controlled and ultimately owned by Roger Hamilton and Sandra Morrell, directors of the Group. The total in 2021 was $319,464 (2020:$509,415). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. EIA on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable. The Company pays fees to GeniusU Web Services India Pvt Ltd (“GU India”), an Indian company controlled and ultimately owned by Suraj Naik, an employee of the Group, and a family member of Suraj Naik. The total in 2021 was $162,930 (2020:$215,871). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. GU India on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable.	NOTE 18 — LOANS PAYABLE — RELATED PARTIES Loans from related parties as of December 31, 2020 and 2019 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Loan payable to related parties for the acquisition of Entrepreneurs Institute ​ ​ ​ ​ ​ ​ Current portion ​ $ 400,000 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ 400,000 Subtotal ​ 400,000 ​ 800,000 Other loans payable to related parties, current ​ 189,502 ​ 32,800 Total loans payable to related parties ​ $ 589,502 ​ $ 832,800 ​ The loan payable to related parties for the acquisition of Entrepreneurs Institute is non-interest bearing, with $400,000 payable on each of the first and second anniversaries of the acquisition date. Other loans payable to related parties represent unsecured loans from shareholders, which bear no interest and are payable on demand. The Company pays fees to Entrepreneurs Institute Australia Pty Ltd (“EIA”), an Australian company controlled and ultimately owned by Roger Hamilton and Sandra Morrell, directors of the Group. The total in 2020 was $319,464 (2019:$509,415). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. EIA on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable. The Company pays fees to GeniusU Web Services India Pvt Ltd (“GU India”), an Indian company controlled and ultimately owned by Suraj Naik, an employee of the Group, and a family member of Suraj Naik. The total in 2020 was $162,930 (2019:$215,871). The sole purpose of the entity is to engage local team and physical resources to provide day to day support to the Group with its own business requirements as well as catering to external clients. GU India on-charges its costs and does not record a material profit or loss, therefore the related party shareholders do not receive any financial benefit from this arrangement. Unpaid fees are recorded as a related party loan payable.

CONVERTIBLE DEBT OBLIGATIONS_2

CONVERTIBLE DEBT OBLIGATIONS	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONVERTIBLE DEBT OBLIGATIONS
CONVERTIBLE DEBT OBLIGATIONS	NOTE 19 — CONVERTIBLE DEBT OBLIGATIONS As of December 31, 2021, and 2020, the Company’s convertible obligations consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Convertible debt obligations, beg, gross ​ $ 1,531,639 ​ $ 1,918,340 Converted to equity ​ (257,629) ​ (386,701) Deferred debt discount ​ — ​ — Convertible debt obligations, end, net ​ $ 1,274,010 ​ $ 1,531,639 Convertible debt obligations, current portion ​ $ 507,765 ​ $ 1,531,639 Convertible debt obligations, non-current portion ​ $ 766,245 ​ $ 1,531,639 ​ During the year ended December 31, 2020, Genius Group Ltd issued 36-month convertible loans in the principal amount of $1,819,145 which bear interest at rates between 10% to 12% per annum, payable quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes”). The convertible notes are convertible at the end of the term at the market price of the Company’s ordinary shares. Additionally, in connection with the convertible note issuances, the Company incurred $36,383 of debt issuance costs which are being accounted for as interest expenses. During the year ended 2019, Entrepreneur Resorts issued 36-month convertible loans in the principal amount of $2,256,178 which bear interest at rates between 10% to 12% per annum, payable monthly, quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes). The 2019 Convertible Notes are convertible upon Entrepreneur Resorts listing on the Australian Stock Exchange at a price equal to 70% of the initial listing price on the Australian Stock Exchange. The Company bifurcated the conversion option as a derivative liability with a fair value of $783,735 with a debit to deferred debt discount to be amortized over the term of the 2019 Convertible Notes. Additionally, in connection with the 2019 Convertible Note issuances, the Company incurred $134,152 of debt issuance costs which are being accounted for as debt discount and being amortized over the term of the 2019 Convertible notes. During the year ended December 31, 2020, the Company recognized amortization of debt discount of $322,947 During the year ended December 31, 2021, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $161,500 and $6,170 of accrued interest were converted into 13,306 GeniusU Limited ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a GeniusU Limited ordinary share at the time of conversion, or between $10 and $15 per GeniusU Limited ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2021 Convertible Notes to equity. During the year ended December 31, 2021, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $47,884 and $229 of accrued interest were converted into 13,487 Entrepreneurs Resorts Ltd ordinary shares and 1,003 GeniusU Limited ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of Entrepreneur Resorts Ltd and GeniusU Limited ordinary share at the time of conversion. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in an aggregate principal amount of $992,813 were converted into 496,408 shares of Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts at an exercise price equal to the fair value of an Entrepreneur Resorts ordinary share at the time of conversion, or $2.00 per Entrepreneur Resorts ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $739,160 and $111 of accrued interest were converted into 19,605 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $891,400 and $23,016 of accrued interest were converted into 25,652 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2020 Convertible Notes to equity.	NOTE 19 — CONVERTIBLE DEBT OBLIGATIONS As of December 31, 2020 and 2019, the Company’s convertible obligations consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Convertible debt obligations, gross ​ $ 1,531,639 ​ $ 2,256,178 Deferred debt discount ​ — ​ (337,838) Convertible debt obligations, net ​ $ 1,531,639 ​ $ 1,918,340 ​ During the year ended December 31, 2020, Genius Group Ltd issued 36-month convertible loans in the principal amount of $1,819,145 which bear interest at rates between 10% to 12% per annum, payable quarterly, annually or at maturity depending upon the convertible note (the “2020 Convertible Notes”). The convertible notes are convertible at the end of the term at the market price. Additionally, in connection with the convertible note issuances, the Company incurred $36,383 of debt issuance costs which are being accounted for as interest expenses. During the year ended 2019, Entrepreneur Resorts issued 36-month convertible loans in the principal amount of $2,256,178 which bear interest at rates between 10% to 12% per annum, payable monthly, quarterly, annually or at maturity depending upon the convertible note (the “2019 Convertible Notes). The 2019 Convertible Notes are convertible upon Entrepreneur Resorts listing on the Australian Stock Exchange at a price equal to 70% of the initial listing price on the Australian Stock Exchange. The Company bifurcated the conversion option as a derivative liability with a fair value of $783,735 with a debit to deferred debt discount to be amortized over the term of the 2019 Convertible Notes. Additionally, in connection with the 2019 Convertible Note issuances, the Company incurred $134,152 of debt issuance costs which are being accounted for as debt discount and being amortized over the term of the 2019 Convertible Notes. During the years ended December 31, 2019 and 2020, the Company recognized amortization of debt discount of $580,049 and $322,960 respectively as interest expense. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $992,813 were converted into 496,408 shares of Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts at an exercise price equal to the fair value of an Entrepreneur Resorts ordinary share at the time of conversion, or $2.00 per Entrepreneur Resorts ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2019 Convertible Notes in the aggregate principal amount of $739,160 and $111 of accrued interest were converted into 19,605 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2019 Convertible Notes to equity. During the year ended December 31, 2020, the Company and holders of 2020 Convertible Notes in the aggregate principal amount of $891,400 and $23,016 of accrued interest were converted into 25,652 Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd at exercise prices equal to the fair value of a Genius Group Ltd ordinary share at the time of conversion, or between $34.87 and $42.86 per Genius Group Ltd ordinary share. The Company recorded the conversions by reclassifying the carrying value of the 2020 Convertible Notes to equity.

OTHER NON-CURRENT LIABILITIES

OTHER NON-CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2020
OTHER NON-CURRENT LIABILITIES
OTHER NON-CURRENT LIABILITIES	NOTE 20 — OTHER NON-CURRENT LIABILITIES Other non-current liabilities of $25,147 at December 31, 2019 related to investor deposits for the purchase of common stock of the Company.

EQUITY_2

EQUITY	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EQUITY
EQUITY	NOTE 20 — EQUITY Contributed Capital The company has 16,155,810 shares issued and outstanding . Equity Issued During the years ended December 31, 2021 and 2020, the Company issued ordinary shares for gross cash proceeds of $3,127,442 and $2,222,000, respectively. During the year ended December 31, 2021, the Company issued GeniusU Limited ordinary shares with a value of $3,308,617 (2020 - $0) in exchange of cash and conversion from loan to equity. Company also issued Entrepreneur Resorts Limited ordinary shares with a value of $953,087 (2020 - $0) in exchange of cash and conversion from loan to equity. During the year ended December 31, 2020, the Company issued Genius Group Ltd ordinary shares with a value of $30,997,810 in exchange for Entrepreneur Resorts shares with a contributed capital value of $13,199,435 to Entrepreneur Resorts shareholders in connection with the 2020 acquisition of Entrepreneur Resorts. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. See below for discussions regarding additional equity issuances. Shares Issued Related to Debt Conversions During the year December 31, 2021, convertible debt obligations consisting of $177,689 (2020-$1,671,188) of principal and accrued interest were converted into GeniusU Limited shares pursuant to conversion offers extended by Genius Group Ltd and Entrepreneur Resorts Limited. See Note 19 — Convertible Debt Obligations for additional information. During the year December 31, 2021, convertible debt obligations consisting of $37,085 (2020-$992,816) of principal and accrued interest were converted into Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts. See Note 19 — Convertible Debt Obligations for additional information. Shares Issued in Satisfaction of a Liability During the year December 31, 2020, the Company issued $350,000 of Genius Group Ltd ordinary shares as partial settlement of a loan with the seller of Tau Game Lodge. See Note 17 — Loans Payable for additional information. Derivative liability In an agreement dated December 13, 2020, the Company granted a put option over shares issued in satisfaction of a liability. If the option is exercised the Company will be required to buy back the shares for $250,000. See Note 15 - Accrued expenses for additional information. Stock-Based Compensation On December 31, 2020, options for the purchase of 233,501 Entrepreneur Resorts ordinary shares were exercised in exchange for a subscription receivable in the amount of $140,680. During the year ended December 31, 2021, the Company granted options for the purchase of 14,306 (2020 — 12,238) Genius Group Ltd ordinary shares equivalent to 85,836 (2020 — 73,428) shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $181,559 (2020 — $101,731). The options vest two years from the date of grant and are exercisable upon vesting at $34.87 (2020 — $34.87) per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2021, options for the purchase of 12,238 Genius Group Ltd ordinary shares (equivalent to 73,428 shares after giving retroactive effect to the 6 for 1 stock split in April 2021) were exercised in exchange for a subscription receivable in the amount of $433,783. The Company values stock options using the Black-Scholes option pricing model and used the following assumptions during the reporting periods: ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2021 2020 ​ Risk-free interest rate ​ 0.73 % 0.13 % Contractual term (years) 1-3 2.00 ​ Expected volatility 66.00 % 42.00 % Expected dividends 0.00 % 0.00 % ​ A summary of the option activity during the year ended December 31, 2021 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2021 73,428 5.81 1.00 97,782 Granted 85,836 5.81 2 Exercised — — — — Expired — — — — Outstanding Dec 31, 2021 159,264 5.81 1.00 ​ The following table presents information related to options outstanding at December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2021 ​ $ 5.81 85,836 Genius Group 1 n/a ​ The Company recorded stock-based compensation in the amount of $394,717 and $398,605 during the years ended December 31, 2021 and 2020, respectively, in connection with the amortization of the grant date value of the stock options and the value of deferred salary share grants in response to the impact of Covid-19. As of December 31, 2021, there was $159,265 (2020-$75,434) of unamortized stock-based compensation.	NOTE 21 — EQUITY Contributed Capital Equity Issued During the years ended December 31, 2020 and 2019, the Company issued ordinary shares for gross cash proceeds of $2,222,000 and $2,599,978, respectively. During the year ended December 31, 2020, the Company issued Genius Group Ltd ordinary shares with a value of $30,997,810 in exchange for Entrepreneur Resorts shares with a contributed capital value of $13,199,435 to Entrepreneur Resorts shareholders in connection with the 2020 acquisition of Entrepreneur Resorts. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. During the year ended December 31, 2019, the Company issued Genius Group Ltd ordinary shares valued at $6,400,000 to the seller in connection with the 2019 acquisition of Entrepreneurs Institute. The Genius Group Ltd shares were valued using the market approach based on the price per share paid by third parties for Genius Group Ltd shares as of the acquisition date and share delivery date. See below for discussions regarding additional equity issuances. Shares Issued Related to Debt Conversions During the year December 31, 2020, convertible debt obligations consisting of $1,671,188 of principal and accrued interest were converted into Genius Group Ltd ordinary shares pursuant to conversion offers extended by Genius Group Ltd. See Note 19 — Convertible Debt Obligations for additional information. During the year December 31, 2020, convertible debt obligations consisting of $992,816 of principal and accrued interest were converted into Entrepreneur Resorts ordinary shares pursuant to conversion offers extended by Entrepreneur Resorts. See Note 19 — Convertible Debt Obligations for additional information. Shares Issued in Satisfaction of a Liability During the year December 31, 2020, the Company issued $350,000 of Genius Group Ltd ordinary shares as partial settlement of a loan with the seller of Tau Game Lodge. See Note 17 — Loans Payable for additional information. Derivative liability In an agreement dated December 13, 2020 the Company granted a put option over shares issued in satisfaction of a liability. If the option is exercised the Company will be required to buy back the shares for $250,000. See Note 17 – Loans Payable for additional information. Subscriptions Receivable On December 31, 2019, an entity owned by the Company’s Chief Executive Officer purchased 25,507 Genius Group Ltd ordinary shares (equivalent to 153,042 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021) in exchange for a $668,214 subscription receivable. Also, see Stock-Based Compensation below. Stock-Based Compensation In January 2018, the Company granted options for the purchase of 20,317 GeniusU Pte Ltd ordinary shares (equivalent to 121,902 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $91,941. The options vested on December 31, 2019 and were exercisable upon vesting at $15.45 per share. The Company funds the exercise price as a non-interest- bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2019, the Company issued 20,317 GeniusU Pte Ltd ordinary shares (equivalent to 121,902 Genius Group shares after giving retroactive effect to the 6 for 1 stock split in April 2021) in exchange for a subscription receivable of $ Agreed to previously issued F-1in connection with the exercise of stock options. In January 2018, the Company granted options for the purchase of 233,501 Entrepreneur Resorts ordinary shares, with a grant date value of $88,213. The options vested on December 31, 2019 and were exercisable upon vesting at $1.30 per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2019, options for the purchase of 233,501 Entrepreneur Resorts ordinary shares were exercised in exchange for a subscription receivable in the amount of $140,680. During the year ended December 31, 2020, the Company granted options for the purchase of 12,238 (2019 — 42,913) Genius Group Ltd ordinary shares equivalent to 73,428 (2019 — 257,478) shares after giving retroactive effect to the 6 for 1 stock split in April 2021), with a grant date value of $101,731 (2019 — $210,930). The options vest two years from the date of grant and are exercisable upon vesting at $34.87 (2019 — $21.34) per share. The Company funds the exercise price as a non-interest-bearing loan, which is repaid upon the sale of the underlying shares. Options that are not exercised on the vesting date are forfeited. On December 31, 2020, options for the purchase of 42,913 Genius Group Ltd ordinary shares (equivalent to 257,478 shares after giving retroactive effect to the 6 for 1 stock split in April 2021) were exercised in exchange for a subscription receivable in the amount of $915,763. The Company values stock options using the Black-Scholes option pricing model and used the following assumptions during the reporting periods: ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2020 2019 ​ Risk-free interest rate ​ 0.13 % 2.50 % Contractual term (years) 2.00 2.00 ​ Expected volatility 42.00 % 39.00 % Expected dividends 0.00 % 0.00 % ​ A summary of the option activity during the years ended December 31, 2020 and 2019 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2018 253,818 2.43 1.00 119,667 Granted 257,478 3.56 0.00 0 Exercised (253,818) 2.43 0.00 0 Expired ​ 0 ​ 0.00 ​ 0.00 ​ 0 Outstanding Dec 31, 2019 ​ 257,478 ​ 3.56 ​ 1.00 ​ 580,613 Granted ​ 73,428 ​ 5.81 ​ 0.00 ​ 0 Exercised ​ (257,478) ​ 0.00 ​ 0.00 ​ 0 Expired 0 0.00 0.00 0 Outstanding Dec 31, 2020 73,428 5.81 1.00 97,782 ​ The following table presents information related to options outstanding at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2019 ​ $ 3.56 ​ 257,478 ​ Genius Group ​ n/a ​ n/a 2020 ​ $ 5.81 73,428 Genius Group n/a n/a ​ The Company recorded stock-based compensation in the amount of $398,605 and $171,768 during the years ended December 31, 2020 and 2019, respectively, in connection with the amortization of the grant date value of the stock options and the value of deferred salary share grants in response to the impact of Covid-19. As of December 31, 2020, there was $75,434 of unamortized stock-based compensation. Reserves Reserves represent the excess of the purchase consideration over the carrying value of the assets and liabilities acquired in common control acquisitions. See Note 4 — Business Combinations. Treasury Stock During the years ended December 31, 2020 and 2019, the Company repurchased ordinary shares for $0 and $656,513 of cash consideration, respectively. During the years ended December 31, 2020 and 2019, the Company resold ordinary shares for gross proceeds of $0 and $382,630, respectively. Other During the years ended December 31, 2020 and 2019, Entrepreneurs Institute paid $0 and $147,557 of dividends, respectively.

REVENUES_2

REVENUES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
REVENUES	NOTE 21 — REVENUES The breakdown of revenues for the years ended December 31, 2021 and 2020 are shown below. The revenue is disaggregated into the categories the Company believes depict how and the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 3,102,210 ​ $ 1,280,320 – Rendering of services. ​ — ​ 735,246 Campus sub-total ​ 3,102,210 ​ 2,015,566 Education Revenue ​ ​ – Digital. ​ 9,676,052 ​ 5,298,227 – In-Person. ​ — ​ 319,983 Education sub-total ​ 9,676,052 ​ 5,618,210 Total Revenue ​ $ 12,778,262 ​ $ 7,633,776 ​ The Company applies the practical expedient in paragraph 121.b of IFRS 15 and does not disclose information about its remaining performance obligations because the Company has a right to consideration from its customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date.	NOTE 22 — REVENUES The breakdown of revenues for the years ended December 31, 2020 and 2019 are shown below. The revenue is disaggregated into the categories the Company believes depict how and the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 1,280,320 ​ $ 1,796,961 – Rendering of services. ​ 735,246 ​ 2,635,035 Campus sub-total ​ 2,015,566 ​ 4,431,996 Education Revenue ​ ​ ​ ​ – Digital. ​ 5,298,227 ​ 4,771,253 – In-Person. ​ 319,983 ​ 745,808 Education sub-total ​ 5,618,210 ​ 5,517,061 Total Revenue ​ $ 7,633,776 ​ $ 9,949,057 ​ The Company applies the practical expedient in paragraph 121.b of IFRS 15 and does not disclose information about its remaining performance obligations because the Company has a right to consideration from its customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date.

OTHER OPERATING INCOME_2

OTHER OPERATING INCOME	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER OPERATING INCOME
OTHER OPERATING INCOME	NOTE 22 — OTHER OPERATING INCOME For the years ended December 31, 2021 and 2020, other operating income consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Other income ​ $ — ​ $ 133,519 Subsidy from Government ​ ​ 499,300 ​ ​ — ​ ​ $ 499,300 ​ $ 133,519 ​	NOTE 23 — OTHER OPERATING INCOME For the years ended December 31, 2020 and 2019, other operating income consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Administration and management fees received ​ $ — ​ $ 12,458 Other income ​ ​ 133,519 ​ ​ 81,673 ​ ​ $ 133,519 ​ $ 94,131 ​

GENERAL AND ADMINISTRATIVE EX_4

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GENERAL AND ADMINISTRATIVE EXPENSES
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 23 — GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the years ended December 31, 2021 and 2020 include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Consulting and professional services ​ $ 660,117 ​ $ 424,891 Marketing ​ 73,277 ​ 72,942 Rent expense ​ 250,994 ​ 144,423 Repairs and maintenance ​ 11,144 ​ 103,152 Salaries, wages, bonuses and other benefits ​ 4,197,397 ​ 3,031,485 Travel ​ 13,356 ​ 13,356 Utilities ​ 142,019 ​ 112,027 Other ​ 1,151,991 ​ 1,314,430 Development charges ​ 456,180 ​ 378,010 Stock-based compensation ​ 293,837 ​ 394,717 Provision for doubtful debts ​ (39,108) ​ 161,788 Total general and administrative expenses ​ $ 7,211,204 ​ $ 6,151,221 ​	NOTE 24 — GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the years ended December 31, 2020 and 2019 include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Consulting and professional services ​ $ 424,891 ​ $ 606,738 Marketing ​ 72,942 ​ 814,873 Rent expense ​ 144,423 ​ 457,735 Repairs and maintenance ​ 103,152 ​ 120,023 Salaries, wages, bonuses and other benefits ​ 3,031,485 ​ 3,538,114 Travel ​ 13,356 ​ 447,383 Utilities ​ 112,027 ​ 85,319 Other ​ 1,314,430 ​ 499,834 Development charges ​ 378,010 ​ 360,933 Stock-based compensation ​ 394,717 ​ 171,768 Provision for doubtful debts ​ 161,788 ​ — Total general and administrative expenses ​ $ 6,151,221 ​ $ 7,102,720 ​

INTEREST EXPENSE, NET_2

INTEREST EXPENSE, NET	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTEREST EXPENSE, NET
INTEREST EXPENSE, NET	NOTE 24 — INTEREST EXPENSE, NET For the years ended December 31, 2021 and 2020, the Company earned interest income and incurred interest expense as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Interest (expense) income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ (74,081) ​ $ 55,649 Total interest (expense) income ​ (74,081) ​ 55,649 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 131,291 Other interest paid – loans ​ 103,357 ​ 455,394 Amortization of debt discount ​ 140,837 ​ 322,947 Total interest expense/ finance costs ​ 375,485 ​ 909,632 Total interest (expense), net ​ $ (449,566) ​ $ (853,983) ​	NOTE 25 — INTEREST EXPENSE, NET For the years ended December 31, 2020 and 2019, the Company earned interest income and incurred interest expense as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Interest income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ 55,649 ​ $ 1,996 Other financial assets – loans ​ — ​ 102,431 Total interest income ​ 55,649 ​ 104,427 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 122,190 Other interest paid – loans ​ 455,394 ​ 266,059 Amortization of debt discount ​ 322,947 ​ 580,049 Total interest expense/ finance costs ​ 909,632 ​ 968,298 Total interest (expense) income, net ​ $ (853,983) ​ $ (863,871) ​

CHANGE IN FAIR VALUE OF DERIVAT

CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES	12 Months Ended
	Dec. 31, 2020
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES	NOTE 26 — CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES During the year ended December 31, 2019, the Company recorded Level 3 derivative liabilities that were measured at fair value at issuance in the aggregate amount of $783,735 , related to the redemption features of certain convertible notes payable. See Note 19 — Convertible Debt Obligations for additional details. Management estimated the fair value of the redemption features recorded as derivative liabilities to be $0 as of December 31, 2019 and recorded a change in fair value of derivative liabilities of $783,735 during the year ended December 31, 2019. The fair value of the derivative was valued using management’s estimate of the probability of Entrepreneur Resorts listing on the Australian Stock Exchange, which was 80% at issuance and was 0% as of December 31, 2019. During the year ended December 31, 2020 the company granted a put option in respect of shares issued which, if exercised, will require the company to buy back the shares for $250,000 .

INCOME TAX EXPENSE_2

INCOME TAX EXPENSE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX EXPENSE
INCOME TAX EXPENSE	NOTE 25 — INCOME TAX EXPENSE The Company is subject to income taxes in the countries of Indonesia, Singapore, and South Africa. The provision for income taxes consists of the following provisions (benefits): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current tax: ​ ​ ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ — ​ ​ — ​ — Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ (29,230) ​ 155,603 Decrease in deferred tax liabilities ​ (99,622) ​ (86,358) ​ ​ (128,852) ​ 69,245 (Benefit from) Provision for income taxes, as previously reported ​ $ (128,852) ​ $ 69,245 ​ The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Income (loss) from continuing operations before provision for income taxes ​ $ (4,618,050) ​ $ (3,123,070) Tax at the Singapore rate of 17% ​ $ (785,069) ​ $ (530,922) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 31,272 ​ 39,478 Current period net operating losses not recognized as a deferred tax asset ​ 743,997 ​ 407,519 Rate differential – non-Singapore entities ​ (55,045) ​ (24,305) Other deferred tax activity ​ ​ (64,007) ​ 177,474 Provision for income taxes ​ $ (128,852) ​ $ 69,245 ​	NOTE 27 — INCOME TAX EXPENSE (as restated) The Company is subject to income taxes in the countries of Indonesia, Singapore, and South Africa. The provision for income taxes consists of the following provisions (benefits): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 ​ ​ As restated ​ As restated Current tax: ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ 27,265 ​ ​ — ​ 27,265 Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ 155,603 ​ 210,926 Decrease in deferred tax liabilities ​ (86,358) ​ (126,881) ​ ​ 69,245 ​ 84,045 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310 ​ The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2020 and 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 ​ ​ As restated Income (loss) from continuing operations before provision for income taxes ​ $ (3,123,070) ​ $ (1,119,009) Tax at the Singapore rate of 17% ​ $ (530,922) ​ $ (190,232) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 39,478 ​ 91,519 Usage of unrecorded net operating loss deferred tax asset ​ ​ — ​ ​ (316,226) Current period net operating losses not recognized as a deferred tax asset ​ 407,519 ​ 272,204 Rate differential – non-Singapore entities ​ (24,305) ​ 188,728 Reversal of deferred tax liability ​ ​ — ​ ​ — Other deferred tax activity ​ ​ 177,474 ​ 65,317 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310 ​

EARNINGS PER SHARE_2

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 26 — EARNINGS PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Basic loss per share from continuing operations ​ $ (0.28) ​ $ (0.25) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss ​ $ (4,489,198) ​ $ (3,192,314) Non-controlling Interest ​ (173,959) ​ (75,159) Loss attributable to ordinary shareholders ​ $ (4,663,157) ​ $ (3,117,155) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 16,155,812 ​ 9,742,998 Issued in current year ​ — ​ 6,412,812 Issued at the end of the year ​ 16,155,812 ​ 16,155,812 Weighted average ​ 16,155,812 ​ 12,575,605 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 7,138,140 ​	NOTE 28 — EARNINGS PER SHARE (as restated) ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 Basic loss per share from continuing operations, as restated ​ $ (0.25) ​ $ (0.14) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss, as restated ​ $ (3,192,314) ​ $ (1,230,319) Non-controlling Interest ​ 75,159 ​ — Loss attributable to ordinary shareholders, as restated ​ $ (3,117,155) ​ $ (1,230,319) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 9,742,998 ​ 7,926,570 Issued in current year ​ 6,412,812 ​ 1,816,428 Issued at the end of the year ​ 16,155,812 ​ 9,742,998 Weighted average ​ 12,575,605 ​ 8,492,924 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 377,928 ​

FAIR VALUE INFORMATION_2

FAIR VALUE INFORMATION	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE INFORMATION
FAIR VALUE INFORMATION	NOTE 27 — FAIR VALUE INFORMATION Fair value hierarchy The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows: Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date. Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. As of December 31, 2021, and 2020, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 1,784,938 ​ $ — ​ $ — ​ $ 1,784,938 Accounts receivable ​ — ​ 1,018,003 ​ — ​ 1,018,003 Other Receivable ​ ​ ​ ​ ​ ​ ​ ​ 66,000 ​ ​ ​ Due from related parties ​ — ​ 44,245 ​ — ​ 44,245 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,069 ​ 29,069 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ Accounts payable ​ — ​ 1,078,381 ​ — ​ 1,078,381 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 151,273 ​ — ​ 151,273 Loans payable, related parties ​ — ​ 425,551 ​ — ​ 425,551 Lease liabilities ​ — ​ 1,330,860 ​ — ​ 1,330,860 Convertible debt obligations, net ​ — ​ 1,274,010 ​ — ​ 1,274,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ ​ — ​ $ 2,273,151 Accounts receivable ​ ​ — ​ ​ 948,341 ​ ​ — ​ ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ ​ 250,000 Loans payable ​ ​ — ​ ​ 223,240 ​ ​ — ​ ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ ​ 1,531,639 ​	NOTE 29 — FAIR VALUE INFORMATION Fair value hierarchy The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows: Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date. Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. During the year ended December 31, 2019, the Company recognized a gain on the change in fair value of derivative liabilities of $783,785 related to the mark-to-market of the bifurcated conversion options of convertible notes issued during 2019. See Note 19, Convertible Debt Obligations, for additional details. No gain or loss on the change in fair value was recorded for year ended December 31, 2020. As of December 31, 2020 and 2019, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ $ — ​ $ 2,273,151 Accounts receivable ​ — ​ 948,341 ​ — ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 223,240 ​ — ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ 1,531,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 3,290,095 ​ $ — ​ ​ — ​ $ 3,290,095 Accounts receivable ​ ​ — ​ ​ 1,263,849 ​ ​ — ​ ​ 1,263,849 Due from related parties ​ — ​ 67,310 ​ — ​ ​ 97,310 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 28,526 ​ ​ 28,526 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 486,871 ​ — ​ ​ 486,871 Loans payable ​ ​ — ​ ​ 1,281,888 ​ ​ — ​ ​ 1,281,888 Loans payable, related parties ​ — ​ 832,800 ​ — ​ ​ 832,800 Lease liabilities ​ — ​ 2,273,739 ​ — ​ ​ 2,273,739 Convertible debt obligations, net ​ — ​ 1,918,340 ​ — ​ ​ 1,918,340 ​

FINANCIAL RISK MANAGEMENT_2

FINANCIAL RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT	NOTE 28 — FINANCIAL RISK MANAGEMENT The Company’s activities expose it to certain financial risks mainly related to: ➢ market risk (currency risk, interest rate risk and price risk); ➢ credit risk, and ➢ liquidity risk. The board of directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The board has established the risk committee, which is responsible for developing and monitoring the Company’s risk management policies. The committee reports quarterly to the board of directors on its activities. The Group’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Group’s board of directors oversees how management monitors compliance with the risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. Market risk Interest rate risk Fluctuations in interest rates impact on the value of investments and financing activities, giving rise to interest rate risk. The debt of the Company is comprised of different instruments, which bear interest at either fixed or floating interest rates. The ratio of fixed and floating rate instruments in the loan portfolio is monitored and managed, by incurring either variable rate bank loans or fixed rate bonds as necessary. Interest rate swaps are also used where appropriate, in order to convert borrowings into either variable or fixed, in order to manage the composition of the ratio. Interest rates on all borrowings compare favorably with those rates available in the market. The Company policy with regards to financial assets, is to invest cash at floating rates of interest and to maintain cash reserves in short-term investments in order to maintain liquidity, while also achieving a satisfactory return for shareholders. Foreign currency risk The Company is exposed to foreign currency risk as a result of certain transactions and borrowings which are denominated in foreign currencies. Exchange rate exposures are managed within approved policy parameters utilizing foreign forward exchange contracts where necessary. The foreign currencies in which the Company deals primarily are US Dollars, Singapore Dollars, Indonesian Rupees and South African Rands. Credit risk Credit risk arises from the potential default of a counterparty to an agreement or financial instrument, resulting in financial loss. The Company is exposed to credit risk in its operating activities (mainly in connection with trade receivables) and financial activities, including deposits with banks and other financial institutions and other financial instruments contracted. To mitigate risks associated with trade receivables, management makes use of credit approvals, limits and monitoring, and only deals with reputable counterparties with consistent payment histories. Sufficient collateral or guarantees are also obtained when necessary. Each counterparty is analyzed individually for creditworthiness before terms and conditions are offered. The analysis involves making use of information submitted by the counterparties as well as external bureau data (where available). Counterparty credit limits are in place and are reviewed and approved by credit management committees. The exposure to credit risk and the creditworthiness of counterparties is continuously monitored. Credit loss allowances for expected credit losses are recognized for all debt instruments except those measured at fair value through profit or loss. Credit loss allowances are also recognized for loan commitments and financial guarantee contracts. For trade receivables and contract assets which do not contain a significant financing component, the loss allowance is determined as the lifetime expected credit losses of the instruments. For all other trade receivables, contract assets and lease receivables, IFRS 9 permits the determination of the credit loss allowance by either determining whether there was a significant increase in credit risk since initial recognition or by always making use of lifetime expected credit losses. Management has chosen as an accounting policy, to make use of lifetime expected credit losses. Management does therefore not make the annual assessment of whether the credit risk has increased significantly since initial recognition for trade receivables, contract assets or lease receivables. Liquidity risk The Company is exposed to liquidity risk, which is the risk that the Company will encounter difficulties in meeting its obligations as they become due. The Company manages its liquidity risk by effectively managing its working capital, capital expenditure and cash flows. The financing requirements are met through a mixture of cash generated from operations, loans payable and convertible debt. Committed borrowing facilities are available for meeting liquidity requirements and deposits are held at central banking institutions.	NOTE 30 — FINANCIAL RISK MANAGEMENT The Company’s activities expose it to certain financial risks mainly related to: ● market risk (currency risk, interest rate risk and price risk); ● credit risk, and ● liquidity risk. The board of directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The board has established the risk committee, which is responsible for developing and monitoring the Company’s risk management policies. The committee reports quarterly to the board of directors on its activities. The Group’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Group’s board of directors oversees how management monitors compliance with the risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. Market risk Interest rate risk Fluctuations in interest rates impact on the value of investments and financing activities, giving rise to interest rate risk. The debt of the Company is comprised of different instruments, which bear interest at either fixed or floating interest rates. The ratio of fixed and floating rate instruments in the loan portfolio is monitored and managed, by incurring either variable rate bank loans or fixed rate bonds as necessary. Interest rate swaps are also used where appropriate, in order to convert borrowings into either variable or fixed, in order to manage the composition of the ratio. Interest rates on all borrowings compare favorably with those rates available in the market. The Company policy with regards to financial assets, is to invest cash at floating rates of interest and to maintain cash reserves in short-term investments in order to maintain liquidity, while also achieving a satisfactory return for shareholders. Foreign currency risk The Company is exposed to foreign currency risk as a result of certain transactions and borrowings which are denominated in foreign currencies. Exchange rate exposures are managed within approved policy parameters utilizing foreign forward exchange contracts where necessary. The foreign currencies in which the Company deals primarily are US Dollars, Singapore Dollars, Indonesian Rupees and South African Rands. Credit risk Credit risk arises from the potential default of a counterparty to an agreement or financial instrument, resulting in financial loss. The Company is exposed to credit risk in its operating activities (mainly in connection with trade receivables) and financial activities, including deposits with banks and other financial institutions and other financial instruments contracted. To mitigate risks associated with trade receivables, management makes use of credit approvals, limits and monitoring, and only deals with reputable counterparties with consistent payment histories. Sufficient collateral or guarantees are also obtained when necessary. Each counterparty is analyzed individually for creditworthiness before terms and conditions are offered. The analysis involves making use of information submitted by the counterparties as well as external bureau data (where available). Counterparty credit limits are in place and are reviewed and approved by credit management committees. The exposure to credit risk and the creditworthiness of counterparties is continuously monitored. Credit loss allowances for expected credit losses are recognized for all debt instruments except those measured at fair value through profit or loss. Credit loss allowances are also recognized for loan commitments and financial guarantee contracts. For trade receivables and contract assets which do not contain a significant financing component, the loss allowance is determined as the lifetime expected credit losses of the instruments. For all other trade receivables, contract assets and lease receivables, IFRS 9 permits the determination of the credit loss allowance by either determining whether there was a significant increase in credit risk since initial recognition or by always making use of lifetime expected credit losses. Management has chosen as an accounting policy, to make use of lifetime expected credit losses. Management does therefore not make the annual assessment of whether the credit risk has increased significantly since initial recognition for trade receivables, contract assets or lease receivables. Liquidity risk The Company is exposed to liquidity risk, which is the risk that the Company will encounter difficulties in meeting its obligations as they become due. The Company manages its liquidity risk by effectively managing its working capital, capital expenditure and cash flows. The financing requirements are met through a mixture of cash generated from operations, loans payable and convertible debt. Committed borrowing facilities are available for meeting liquidity requirements and deposits are held at central banking institutions.

RELATED PARTIES_2

RELATED PARTIES	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
RELATED PARTIES	NOTE 29 — RELATED PARTIES ​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik ​ See Note 18 — Loans Payable, Related Parties for information on related party balances.	NOTE 31 — RELATED PARTIES ​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik ​ See Note 18 — Loans Payable, Related Parties for information on related party balances.

KEY MANAGEMENT COMPENSATION_2

KEY MANAGEMENT COMPENSATION	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
KEY MANAGEMENT COMPENSATION
KEY MANAGEMENT COMPENSATION	NOTE 30 — KEY MANAGEMENT COMPENSATION The following tables set forth information regarding compensation awarded to or earned by our Executive Officers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 593,195 ​ $ 28,310 ​ $ 621,505 ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 Michelle Clarke Chief Marketing Officer ​ 110,846 ​ 4,067 ​ 114,913 ​ 83,235 ​ 18,553 ​ 101,788 Suraj Naik Chief Technology Officer ​ 88,682 ​ 3,921 ​ 92,603 ​ 67,719 ​ 13,274 ​ 80,993 Sandra Morrell Chief Operating Officer ​ 40,172 ​ 6,748 ​ 46,920 ​ 151,439 ​ 30,284 ​ 181,723 ​ The following table sets forth information regarding the compensation earned for service on our Board of Directors by our non-employee directors during the years ended December 31, 2021 and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,889 ​ ​ — ​ $ 8,889 ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 Nic Lim Director ​ 8,889 ​ — ​ 8,889 ​ 6,964 ​ 36,614 ​ 43,578 Anna Gong Director ​ 8,889 ​ — ​ 8,889 ​ 8,705 ​ 34,870 ​ 43,575 Jeremy Harris Director ​ 67,548 ​ 594 ​ 68,142 ​ 39,652 ​ 8,578 ​ 48,230 Dennis DuBois Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 Lisa Bovio Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 ​	NOTE 32 — KEY MANAGEMENT COMPENSATION The following tables set forth information regarding compensation awarded to or earned by our Executive Officers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 ​ $ 432,411 ​ $ 60,007 ​ $ 492,418 Michelle Clarke Chief Marketing Officer ​ 83,235 ​ 18,553 ​ 101,788 ​ 93,746 ​ 15,870 ​ 109,616 Suraj Naik Chief Technology Officer ​ 67,719 ​ 13,274 ​ 80,993 ​ 75,701 ​ 11,588 ​ 82,289 Sandra Morrell Chief Operating Officer ​ 151,439 ​ 30,284 ​ 181,723 ​ 165,947 ​ 20,150 ​ 186,097 ​ The following table sets forth information regarding the compensation earned for service on our Board of Directors by our non-employee directors during the years ended December 31, 2020 and 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 ​ $ — ​ $ — ​ $ — Nic Lim Director ​ 6,964 ​ 36,614 ​ 43,578 ​ 5,882 ​ — ​ 5,882 Anna Gong Director ​ 8,705 ​ 34,870 ​ 43,575 ​ 5,882 ​ — ​ 5,882 Jeremy Harris Director ​ 39,652 ​ 8,578 ​ 48,230 ​ 50,688 ​ — ​ 50,688 Dennis DuBois Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 Lisa Bovio Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 ​

SEGMENT REPORTING_2

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 31 — SEGMENT REPORTING Each of the Company’s business segments offer different, but synergistic products and services, and are managed separately. Discrete financial information is available for each segment, and segment performance is evaluated based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Intercompany” which eliminates the effect of transactions between the segments. The Company’s business consists of two reportable business segments: ➢ Education — ➢ Campus — The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Periods Ended December. 31 ​ ​ 2021 2020 ​ Education Campus Total Education Campus Total Revenues ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 Depreciation and Amortization (1)(2) ​ $ 426,740 ​ $ 1,148,173 ​ $ 1,574,913 ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 (Loss) income from Operations ​ $ (2,153,975) ​ $ (2,014,508) ​ $ (4,168,484) ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) Net Profit or Loss ​ $ (2,252,794) ​ $ (2,365,255) ​ $ (4,618,050) ​ $ (53,722) ​ $ (3,069,347) ​ $ (3,123,069) Interest Expense, net ​ $ 98,819 ​ $ 350,747 ​ $ 449,566 ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 Capital Expenditures ​ $ — ​ ​ — ​ $ — ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 Total Property and Equipment, net ​ $ 15,442 ​ $ 6,760,674 ​ $ 6,776,116 ​ $ 10,881 ​ $ 7,586,109 $ 7,596,990 Total Assets ​ $ 5,122,967 ​ $ 12,472,440 ​ $ 17,595,407 ​ $ 3,336,242 ​ $ 13,621,471 $ 16,957,713 Total Liabilities ​ $ 3,589,315 ​ $ 6,020,096 ​ $ 9,609,411 ​ $ 5,852,323 ​ $ 3,399,301 $ 9,251,624 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment Consists of $1,109,309 (2020- $937,773 ) which is included in cost of revenue and $38,864 (2020- $47,537 ) which is included in operating expenses in the accompanying statements of operations. A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 3,630,760 ​ $ 1,554,828 ​ $ 5,185,588 ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 Asia / Pacific ​ 3,346,691 ​ 1,547,382 ​ 4,894,073 ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 North America / South America ​ 2,698,601 ​ — ​ 2,698,601 ​ 1,595,331 ​ — ​ 1,595,331 ​ ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 602 ​ $ 8,476,791 ​ ​ 8,477,393 ​ $ 802 ​ $ 503,853 ​ $ 504,655 Asia / Pacific ​ — ​ 2,120,102 ​ 2,120,102 ​ 499,772 ​ 10,500,388 ​ 11,000,159 North America / South America ​ 501,750 ​ — ​ 501,750 ​ 516,296 ​ — ​ 516,296 ​ ​ $ 502,352 ​ $ 10,596,893 ​ ​ 11,099,245 ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​	NOTE 33 — SEGMENT REPORTING Each of the Company’s business segments offer different, but synergistic products and services, and are managed separately. Discrete financial information is available for each segment, and segment performance is evaluated based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Intercompany” which eliminates the effect of transactions between the segments. The Company’s business consists of two reportable business segments: ● Education — entrepreneur education, management consultancy and business development tools. ● Campus — resorts, retreats and co-working cafes for entrepreneurs. The detailed segment information of the Company is as follows: The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 2019 ​ Education Campus Total Education Campus Total Revenues ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,061 ​ $ 4,431,996 ​ $ 9,949,057 Depreciation and Amortization, as restated (1)(2) ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as restated ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss) income as restated ​ $ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as restated ​ $ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 $ 7,399,412 Total Assets, as restated ​ $ 3,336,242 ​ $ 13,621,471 ​ $ 16,957,713 ​ $ 3,523,344 ​ $ 14,036,804 $ 17,560,148 Total Liabilities, as restated ​ $ 5,852,323 ​ $ 3,399,301 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 $ 12,229,451 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment consists of $913,492 (2019- $937,773 ) which is included in cost of revenue and $40,906 (2019- $47,537 ) which is included in operating expenses in the accompanying statements of operations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Revenues $ 5,618,210 $ 2,015,566 $ 7,633,776 $ 5,517,061 $ 4,431,996 $ 9,949,057 Depreciation and Amortization, as previously reported ​ ​ 914,195 ​ $ 1,226,131 ​ $ 2,140,326 ​ $ 373,465 ​ $ 985,310 ​ $ 1,358,775 Adjustments (Note 4)(1) ​ ​ (298,000) ​ ​ (271,733) ​ ​ (569,733) ​ ​ (96,667) ​ ​ — ​ ​ (96,667) Depreciation and Amortization, as restated ​ ​ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as previously reported ​ ​ 8,710 ​ $ (3,259,292) ​ $ (3,250,582) ​ $ (1,302,451) ​ $ 166,911 ​ $ (1,135,540) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 (Loss) income from Operations, as restated ​ ​ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss), as previously reported ​ $ (135,636) ​ $ (3,341,080) ​ $ (3,476,716) ​ $ (1,286,019) ​ ​ (24,534) ​ $ (1,310,553) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 Adjustments (Note 4 - income tax) ​ ​ (229,973) ​ ​ (55,358) ​ ​ (285,331) ​ ​ (16,433) ​ ​ — ​ ​ (16,433) Net (Loss), as restated ​ ​ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as previously reported ​ ​ 10,881 ​ $ 7,239,965 ​ $ 7,250,846 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Adjustments (Note 4) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Total Property and Equipment, net, as restated ​ ​ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Total Assets, as previously reported ​ $ 12,030,161 ​ $ 41,755,288 ​ $ 53,785,449 ​ $ 12,422,243 ​ $ 19,160,141 ​ $ 31,582,385 Adjustments (Note 4 - Property and equipment) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Adjustments (Note 4 - Goodwill) ​ ​ (3,655,567) ​ ​ (14,110,257) ​ ​ (17,765,824) ​ ​ (3,655,567) ​ ​ (5,123,337) ​ ​ (8,778,904) Adjustments (Note 4 - Intangible assets) ​ ​ (4,945,333) ​ ​ (14,697,982) ​ ​ (19,643,315) ​ ​ (5,243,333) ​ ​ — ​ ​ (5,243,333) Adjustments (Foreign currency translation) ​ ​ — ​ ​ 235,259 ​ ​ 235,259 ​ ​ — ​ ​ — ​ ​ — Total Assets, as restated ​ $ 3,429,261 ​ $ 13,528,452 ​ $ 16,957,713 ​ $ 3,523,343 ​ $ 14,036,804 ​ $ 17,560,147 Total Liabilities, as previously reported ​ $ 5,673,010 ​ $ 6,870,135 ​ $ 12,543,145 ​ $ 4,468,709 ​ $ 8,341,876 ​ $ 12,810,585 Adjustments (Note 4 - deferred tax liability) ​ ​ 229,973 ​ (3,521,494) ​ ​ (3,291,521) ​ ​ — ​ ​ (581,134) ​ ​ (581,134) Total Liabilities, as restated ​ $ 5,902,983 ​ $ 3,348,641 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 ​ $ 12,229,451 (1) Depreciation and amortization adjustments are adjusted to cost of revenue in the accompanying statements of operations. A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 ​ $ 1,818,859 ​ $ 1,951,769 ​ $ 3,770,628 Asia / Pacific ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 ​ 2,108,503 ​ 2,480,027 ​ 4,588,530 North America / South America ​ 1,595,331 ​ — ​ 1,595,331 ​ 1,589,899 ​ — ​ 1,589,899 ​ ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,261 ​ $ 4,431,796 ​ $ 9,949,057 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ As restated ​ As restated ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 802 ​ $ 503,853 ​ $ 504,655 ​ $ — ​ $ 7,786,240 ​ $ 7,786,240 Asia / Pacific ​ 499,772 ​ 10,500,387 ​ 11,000,159 ​ 962,424 ​ 3,005,679 ​ 3,968,103 North America / South America ​ 516,296 ​ — ​ 516,296 ​ — ​ — ​ — ​ ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​ $ 962,424 ​ $ 10,791,919 ​ $ 11,754,343 ​

EVENTS AFTER THE REPORTING PE_8

EVENTS AFTER THE REPORTING PERIOD	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EVENTS AFTER THE REPORTING PERIOD
EVENTS AFTER THE REPORTING PERIOD	NOTE 32 — EVENTS AFTER THE REPORTING PERIOD Convertible Debt Obligations Subsequent to December 31, 2021 and prior to the issuance of these financial statements, convertible debt obligations consisting of $229,237 of principal and accrued interest were converted into 38,206 shares of Genius Group Ltd pursuant to conversion offers extended by the Company. Shares Issued for Cash Subsequent to December 31, 2021 and prior to the issuance of these financial statements, GeniusU Ltd sold an aggregate non-controlling interest of 0.61% of GeniusU Ltd for gross proceeds of $1,528,000 and incurred aggregate issuance costs of $30,560. Initial Public Offering Subsequent to December 31, 2021 and prior to the issuance of these financial statements, Genius Group consummated its initial public offering on the NYSE American (ticker: GNS) as of April 14, 2022 with the issuance of 3,272,727 ordinary shares at an IPO price of $6 per share. The Group also changed underwriters from ThinkEquity LLC to Boustead LLC. Business Combinations Subsequent to December 31, 2021 and prior to the issuance of these financial statements, On April 21, 2022, Genius Group Limited, a Singapore public limited company (“Genius Group”), announced that it completed a series of business combinations with Education Angels in Home Childcare Limited (“Education Angels”), Property Investors Network Ltd and Mastermind Principles Limited (“PIN” and collectively the “IPO Acquisitions”). The Company is also in the process of trying to close two additional acquisitions: University of Antelope Valley and E-Square. In relation to the completed business combinations, the Company intends to obtain an independent valuation of the purchase price allocation for each acquisition. As of the date of the issuance of these financial statements this valuation is not yet available. As such, the disclosures required by IFRS 3 paragraph B64 are not included in these financial statements. Such disclosures are expected to be included in the next financial statements issued by the Company. The detailed terms of each acquisition is stated below. Education Angels Education Angels delivers home educators and childcare for 0-5 year old’s with creative thinking and play modules. ➢ The Share Purchase Agreement was signed on October 22, 2020 between Genius Group and the owners of Education Angels, David Raymond Hitchins and Angela Stead, for the purchase of 100% of the shares in Education Angels. ➢ The purchase price was NZ$3 million (approximately US$2 million) calculated as 2x the annual revenue in 2019 or 2020 (whichever is higher) of Education Angels, with a minimum purchase price of NZ$3 million (approximately US$2 million). ➢ The payment was 100% in shares of Genius Group. ➢ The share purchase included all rights, title, interest and benefits appertaining to the company, including all contracts, intellectual property, goodwill and ongoing operations, all assets and liabilities on the balance sheet as of the date of the acquisition, less any director’s loans or shareholder’s loans. ➢ The sellers agreed not to sell any shares in Genius Group for at least 6 months from closing in the case of David Hitchins and 12 months in the case of Angie Stead. ➢ Both parties have provided various representations, warranties and indemnifications as part of the agreement. ➢ An extending letter was signed on September 30, 2021 to extend the terms of the agreement to December 31, 2021. ➢ An extending letter was signed on December 17, 2021 to extend the terms of the agreement to March 31, 2022. ➢ An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. The acquisition of Education Angels was completed on April 30, 2022. Property Investors Network PIN is a UK-based property networking organization. ➢ The Share Purchase Agreement was signed on November 30, 2020, between Genius Group and the owner of PIN, Simon Zutshi on behalf of Property Mastermind International Pte Ltd (MPL), for the purchase of 100% of the shares in Property Investors Network Ltd and Mastermind Principles Ltd. ➢ The purchase price was GBP 3.6 million (Approximately $4.7 million) calculated as 1x the annual revenue in 2019 or 2020 (whichever was higher) of the two companies in the agreement. ➢ The payment was 10% in cash and 90% in Genius Group ordinary shares, with the shares paid on closing and the cash paid within 7 days of closing. ➢ The share purchase included all rights, title, interest and benefits appertaining to the company, including all contracts, intellectual property, goodwill and ongoing operations, all assets and liabilities on the balance sheet as of the date of the acquisition, less any director’s loans or shareholder’s loans. ➢ The parties agreed to clear all director’s loans and shareholder’s loans from the balance sheets of the two companies first by Genius Group paying £1.5 million (US$2.0 million) to MPL on behalf of the seller in order to pay off part of the outstanding loans, and second by the seller repaying any remaining unpaid loans within three years of the closing date. ➢ Both parties provided various representations, warranties and indemnifications as part of the agreement. ➢ An extending letter was signed on September 30, 2021 to extend the terms of the agreement to December 31, 2021. ➢ An extending letter was signed on December 17, 2021 to extend the terms of the agreement to March 31, 2022. ➢ An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. ➢ An amendment was signed on April 30, 2022, to reflect a change in the terms of the purchase price consideration to 2x revenue or 10x EBITDA. The acquisition of Property Investors Network was completed on April 30, 2022. E-Square E-Square is a full campus with primary, secondary and college education for students in entrepreneurship. The terms of the acquisition were amended on April 19, 2022 to reflect that the closing is conditioned upon the approval of the South African Reserve Bank. An extending letter was signed on March 24, 2022 to extend the terms of the agreement to June 30, 2022. The acquisition of E-Square closed May 31, 2022. University of Antelope Valley UAV is a California-based, WASC accredited, U.S. university issuing degrees on campus and on-line. Per the terms of the agreement, Genius Group has already paid UAV US$7 million in cash and 1 million Genius Group ordinary shares (valued at US$6 million) as closing consideration. An amendment was signed on May 18, 2022 to adjust the closing date to June 30, 2022 as well as updating the ‘payment of top up consideration’ based on the performance of UAV over the 2022, 2023 and 2024 fiscal years. A further amendment was signed on June 30, 2022 to adjust the closing date to July 7, 2022. The acquisition of UAV was closed on July 7, 2022.	NOTE 34 — EVENTS AFTER THE REPORTING PERIOD Convertible Debt Obligations Subsequent to December 31, 2020 and prior to the issuance of these financial statements, convertible debt obligations consisting of $161,500 of principal and $6,170 of accrued interest were converted into 13,307 shares of GeniusU Ltd pursuant to conversion offers extended by the Company. Shares Issued for Cash Subsequent to December 31, 2020 and prior to the issuance of these financial statements, GeniusU Ltd sold an aggregate non-controlling interest of 2.45% of GeniusU Ltd for gross proceeds of $2,652,577 and incurred aggregate issuance costs of $53,052. Subsequent to December 31, 2020 and prior to the issuance of these financial statements, Entrepreneur Resorts Ltd commenced making offers for sale of shares. No shares have been issued as of the date of issuance of these financial statements. Stock Split On April 29, 2021, Genius Group Ltd effected a 6-for-1 stock split with respect to ordinary shares. Refer to Note 21 for more information on the retroactive effect of the share split on specific disclosures in these financial statements. Stock-Based Compensation Subsequent to December 31, 2020 and prior to the issuance of these financial statements, Genius Group Ltd agreed to issue an aggregate of 63,842 options for shares of common stock to key management and partners. The options vest at various stages over three years, subject to satisfaction of relevant conditions including continued employment. Business Combinations The Pre-IPO Group continues to make acquisitions to accelerate the revenue and profitability growth of the Group, to add valuable assets to the Group portfolio, and to fulfill management’s vision for the business — in terms of both positive impact on customers and shareholder value. The Pre-IPO Group believes that the acquisitions will further enhance the efficiency of the Group and will add value through synergies and leverage. Subsequent to December 31, 2020, and prior to the issuance of these financial statements, the Pre-IPO Group executed definitive agreements to close the following business combinations upon the completion of the Pre-IPO Group’s initial public offering: Genius Group Ltd.’s Pending Acquisition of Education Angels On October 22, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of Education Angels in Home Childcare Limited for purchase consideration of NZ 3 million (approximately $2.0 million US dollars) of Genius Group Ltd ordinary shares. Education Angels delivers home educators and childcare for 0-5 year olds with creative thinking and play modules. Genius Group Ltd.’s Pending Acquisition of E-Square On November 28, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of E-Squared Education Enterprises (Pty) Ltd for purchase consideration of ZAR 10 million (approximately $654,000 US dollars) of Genius Group Ltd.’s ordinary shares. E-Square is a full campus with primary, secondary and college education for students in entrepreneurship. Genius Group Ltd.’s Pending Acquisition of Property Investors Network On November 30, 2020, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of Property Investors Network Ltd and Mastermind Principles Limited for purchase consideration equal to its December 31, 2019, annual revenue, of which 90% will be paid in Genius Group Ltd ordinary shares and 10% will be paid in cash. Property Investors Network is an investor education network with investor meetups held in 50 cities and on-line. Genius Group Ltd.’s Pending Acquisition of the University of Antelope Valley On March 22, 2021, Genius Group Ltd signed a definitive agreement to acquire 100% of the voting equity interest of University of Antelope Valley for $30 million of purchase consideration, including $6 million of Genius Group Ltd ordinary shares and $24 million of cash. The University of Antelope Valley is a California-based, WASC accredited, U.S. university issuing degrees on campus and on-line. An amendment was signed on March 24, 2022 to amend the consideration to $6.5 million in cash, $6 million in shares in Genius Group and $17.5 million in a note payable.

RESTATEMENT OF THE PREVIOUSLY I

RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2020
RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS
RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS	NOTE 35 — RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS The financial statements have been restated to reflect the correction to the accounting policy for common control business combinations as discussed in Note 2 for the following common control business combinations: ● acquisition of Entrepreneur Resorts Pte Ltd (“ERPL”) by Entrepreneur Resorts Ltd (“ER”) in May 2017 ● acquisition of Wealth Dynamics Pte Ltd (“WD”) by Genius Group Ltd (“GG”) on August 30, 2019 ● acquisition of Entrepreneur Resorts Ltd (“ER”) by Genius Group Ltd (“GG”) on June 30, 2020 The impact of the restatement on the Consolidated Statements of Financial Position as of December 31, 2020 and 2019 and the Consolidated Statements of Operations and Comprehensive Loss, Consolidated Statements of Changes in Stockholders’ Equity and Consolidated Statements of Cash Flows for the years then ended is presented in the tables below. As of and for the year ended December 31, 2020 ● increase in Property and equipment $346,144 , being reversal of translation adjustment on ER acquisition and subsequent depreciation ● reduction in Goodwill of $17,437,545 to remove increase in valuation arising from ERPL, WD and ER acquisitions ● reduction in Intangible assets of $19,736,335 to remove increase in valuation arising from WD and ER acquisitions and subsequent amortization ● reduction in Deferred tax liability of $3,291,521 relating to Intangible assets on WD and ER acquisitions and subsequent amortization ● the recording of a $33,900,850 reduction to reserves account being the excess of purchase consideration over book value of net assets on ERPL, WD and ER acquisitions ● reduction in Cost of revenue of $569,733 being reduction in amortization of intangible assets ● reduction in Income tax benefit of $285,331 being reduction in amortization of deferred tax liability ● increase in Non-controlling interest of $5,869 as a result of reduction in Net loss ● reduction in Basic and diluted loss per share from continuing operations of $0.02 as a result of reduction in Net loss As of and for the year ended December 31, 2019 ● reduction in Goodwill of $8,778,904 to remove increase in valuation arising from ERPL and WD acquisitions ● reduction in Intangible assets of $5,243,333 to remove increase in valuation arising from WD acquisition and subsequent amortization ● reduction in Deferred tax liability of $581,134 relating to Intangible assets on WD acquisition and subsequent amortization ● the recording of a $13,521,337 reduction to reserves account being the excess of purchase consideration over book value of net assets on ERPL and WD acquisitions ● reduction in Cost of revenue of $96,667 being reduction in amortization of intangible assets ● reduction in Income tax benefit of $16,433 being reduction in amortization of deferred tax liability ● reduction in Basic and diluted loss per share from continuing operations of $0.01 as a result of reduction in Net loss ​ ​ As previously ​ ​ ​ ​ ​ reported ​ Adjustments ​ Restated ​ ​ $ $ $ Statement of financial position ​ ​ ​ As of December 31, 2020 ​ Property and equipment ​ 7,250,846 346,144 7,596,990 Goodwill ​ 18,647,498 (17,437,545) 1,209,953 Intangible assets ​ 20,741,249 (19,736,335) 1,004,914 Total Assets ​ 53,785,449 (36,827,736) 16,957,713 Deferred tax liability ​ 4,166,946 (3,291,521) 875,425 Total Liabilities ​ 12,543,145 (3,291,521) 9,251,624 Reserves ​ 1,788,051 (33,900,850) (32,112,799) Accumulated deficit ​ (9,526,614) 358,766 (9,167,848) Capital and reserves attributable to owners of Genius Group Ltd ​ 40,991,019 (33,542,084) 7,448,935 Non-controlling interest ​ 251,285 5,869 257,154 Total Stockholder’s Equity. ​ 41,242,304 (33,536,215) 7,706,089 Total Liabilities and Stockholder’s Equity ​ 53,785,449 (36,827,736) 16,957,713 As of December 31, 2019 ​ Goodwill ​ 9,988,857 (8,778,904) 1,209,953 Intangible assets. ​ 6,165,712 (5,243,333) 922,379 Total assets ​ 31,582,385 (14,022,237) 17,560,148 Deferred tax liability ​ 1,317,779 (581,134) 736,645 Total liabilities ​ 12,810,585 (581,134) 12,229,451 Reserves ​ (323,067) (13,521,337) (13,844,404) Accumulated deficit ​ (6,130,926) 80,234 (6,050,692) Capital and reserves attributable to owners of Genius Group Ltd ​ 18,771,800 (13,441,103) 5,330,697 Total Stockholder’s Equity ​ 18,771,800 (13,441,103) 5,330,697 Total Liabilities and Stockholder’s Equity ​ 31,582,385 (14,022,237) 17,560,148 Statement of profit or loss and other comprehensive income ​ For the year ended December 31, 2020 ​ Cost of Revenue ​ (4,703,841) 569,733 (4,134,108) Gross profit ​ 2,929,935 569,733 3,499,668 Loss from Operations ​ (3,250,582) 569,733 (2,680,849) Loss Before Income Tax ​ (3,692,802) 569,733 (3,123,069) Income tax benefit (expense) ​ 216,086 (285,331) (69,245) Net (loss) ​ (3,476,716) 284,402 (3,192,314) Non-controlling interest ​ (63,065) 5,869 (57,196) Total Comprehensive (loss) ​ (1,347,635) 284,402 (1,063,233) Basic and diluted earnings (loss) per share from continuing operations ​ (0.27) 0.02 (0.25) For the year ended December 31, 2019 ​ Cost of Revenue ​ (5,120,969) 96,667 (5,024,302) Gross profit ​ 4,828,088 96,667 4,924,755 Loss from Operations ​ (1,135,540) 96,667 (1,038,873) Loss Before Income Tax (1,215,676) 96,667 (1,119,009) Income tax benefit (expense) (94,877) (16,433) (111,310) Net (loss) (1,310,553) 80,234 (1,230,319) Total Comprehensive Income (loss) (1,618,725) 80,234 (1,538,491) Basic and diluted earnings (loss) per share from continuing operations. (0.15) 0.01 (0.14) Statement of changes in equity For the year ended December 31, 2020 Non-controlling interest. 251,285 5,869 257,154 Reserves 1,788,051 (33,900,850) (32,112,799) Accumulated losses (9,526,614) 358,766 (9,167,848) Total Equity 41,242,304 (33,536,215) 7,706,089 For the year ended December 31, 2019 Reserves. (323,067) (13,521,337) (13,844,404) Accumulated deficit (6,130,926) 80,234 (6,050,692) Total Equity 18,771,800 (13,441,103) 5,330,697 Statement of cash flows For the year ended December 31, 2020 Net loss (3,476,716) 284,402 (3,192,314) Amortization of deferred tax liability (166,396) 97,588 (68,808) Deferred tax liability (49,691) 187,743 138,052 Depreciation and amortization 2,140,326 (569,733) 1,570,593 Total adjustments to reconcile net loss to net cash used in operating activities. 1,349,503 (284,402) 1,065,101 For the year ended December 31, 2019 Net loss before income tax (1,310,553) 80,234 (1,230,319) Amortization of deferred tax liability (16,433) 16,433 — Depreciation and amortization 1,358,775 (96,667) 1,262,108 Total adjustments to reconcile net loss to net cash used in operating activities 24,913 (80,234) (55,321) ​

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD.	Basis of Presentation The consolidated financial statements have been prepared on the going concern basis in accordance with, and in compliance with, International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), and International Financial Reporting Interpretations Committee (“IFRIC”) interpretations issued and effective at the time of preparing these consolidated financial statements and the International Business Companies Act of 2016. The consolidated financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations that the realization of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The consolidated financial statements have been prepared on the historical cost convention, unless otherwise stated in the accounting policies which follow and incorporate the principal accounting policies set out below. The presentation currency is USD.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through the use of its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred.	Principles of Consolidation The consolidated financial statements incorporate the financial statements of the Company and all its subsidiaries. Subsidiaries are entities (including structured entities) which are controlled by the Company. The Company has control of an entity when it is exposed to or has rights to variable returns from involvement with the entity and it has the ability to affect those returns through use its power over the entity. The results of subsidiaries are included in the consolidated financial statements from the effective date of acquisition to the effective date of disposal. Adjustments are made when necessary to the financial statements of subsidiaries to bring their accounting policies in line with those of the Company. All inter-company transactions, balances, and unrealized gains on transactions between consolidated companies are eliminated in full upon consolidation. Unrealized losses on transactions between consolidated companies are also eliminated upon consolidation unless the transaction provides evidence of an impairment of the asset transferred.
Business Combinations	Business Combinations The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as of the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as of the acquisition date. The measurement to fair value is included in profit or loss for the year. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising from the acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company has elected to account for common control business combinations using the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity, as if the acquisition had taken place at the beginning of the earliest period presented. On the acquisition date, the Company records any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholders’ Equity.	Business Combinations (as restated) The Company accounts for business combinations using the acquisition method of accounting in accordance with IFRS. The cost of the business combination is measured as the aggregate of the fair values of assets given, liabilities incurred or assumed, and equity instruments issued. Costs directly attributable to the business combination are expensed as incurred, except the costs to issue debt which are amortized as part of the effective interest, and costs to issue equity which are included in stockholders’ equity. Any contingent consideration is included in the cost of the business combination at fair value as at the date of acquisition. Subsequent changes to the assets, liability or equity which arise as a result of the contingent consideration are not affected against goodwill, unless they are valid measurement period adjustments. Otherwise, all subsequent changes to the fair value of contingent consideration that is deemed to be an asset or liability is recognized in either profit or loss or in other comprehensive income, in accordance with relevant IFRS. Contingent consideration that is classified as equity is not remeasured, and its subsequent settlement is accounted for within stockholders’ equity. The acquiree’s identifiable assets, liabilities and contingent liabilities which meet the recognition conditions of IFRS 3 — Business Combinations (“IFRS 3”) are recognized at their fair values at acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 — Non-current Assets Held For Sale and Discontinued Operations, which are recognized at fair value less costs to sell. Contingent liabilities are only included in the identifiable assets and liabilities of the acquiree where there is a present obligation at acquisition date. On acquisition, the acquiree’s assets and liabilities are reassessed in terms of classification and are reclassified where the classification is inappropriate for Company purposes. This excludes lease agreements and insurance contracts whose classification remains as per their inception date. Non-controlling interests in the acquiree are measured on an acquisition-by-acquisition basis either at fair value or at the non- controlling interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. This treatment applies to non-controlling interests which are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation. All other components of non-controlling interests are measured at their acquisition date fair values unless another measurement basis is required by IFRS. In cases where the Company held a non-controlling shareholding in the acquiree prior to obtaining control, that interest is measured to fair value as at acquisition date. The measurement to fair value is included in profit or loss for the year. Where the existing shareholding was classified as an available-for-sale financial asset, the cumulative fair value adjustments recognized previously to other comprehensive income and accumulated in stockholders’ equity are recognized in profit or loss as a reclassification adjustment. Goodwill is determined as the consideration paid, plus the fair value of any shares held prior to obtaining control, plus non-controlling interest and less the fair value of the identifiable assets and liabilities of the acquiree. If, in the case of a bargain purchase, the result of this formula is negative, then the difference is recognized directly in profit or loss. Goodwill is not amortized but is tested on an annual basis for impairment. If goodwill is assessed to be impaired, that impairment is not subsequently reversed. Goodwill arising on acquisition of foreign entities is considered an asset of the foreign entity. In such cases, the goodwill is translated to the functional currency of the Company at the end of each reporting period with the adjustment recognized in equity through to other comprehensive income. Common control business combinations are outside the scope of IFRS 3. The Company previously elected to account for common control business combinations using a modified acquisition method. This accounting policy was applied consistently to similar transactions. The Company’s policy was to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to restate the common control entity’s identifiable assets, liabilities and contingent liabilities to their fair values as of the acquisition date and record goodwill, similar to the acquisition method. The Company has changed its policy to correct its accounting for common control business combinations, from the modified acquisition method to the book value method. This accounting policy is applied consistently to similar transactions. The Company’s policy is to present the financial statements for the pre-acquisition period to include the results of the common control entity as if the acquisition had taken place at the beginning of the earliest period presented and, on the acquisition date, to record any difference between the acquisition consideration and the book value of net assets at that date against reserves under Stockholder’s Equity.
Restatement of the Consolidated Financial Statements		Restatement of the Consolidated Financial Statements The Company has restated its consolidated financial statements as of and for the years ended December 31, 2020 and 2019 as a result of the correction to the policy for accounting for common control business combinations, as noted above. See Note 4 — Business Combinations. See Note 35 — Restatement of Previously Issued Audited Consolidated Financial Statements for additional information regarding the restatement adjustments made to the consolidated financial statements as a result of the above noted accounting policy correction for common control business combinations.
Significant judgments and use of estimates	Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.	Significant judgments and use of estimates The preparation of consolidated financial statements in conformity with IFRS requires management, from time to time, to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on experience and various other factors that are believed to be reasonable under these circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.
Critical judgements in applying accounting policies	Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements.	Critical judgements in applying accounting policies Management did not make critical judgements in the application of accounting policies, apart from those involving estimations, which would significantly affect the financial statements.
Fair value estimation	Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available.	Fair value estimation Several assets and liabilities of the Company are either measured at fair value or disclosure is made of their fair values. Observable market data is used as inputs to determine fair value, to the extent that such information is available.
Cash and cash equivalents	Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less.	Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash in hand, bank balances and short-term deposits with original maturity of three months or less.
Trade and other receivables	Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in statement of operations and comprehensive loss.	Trade and other receivables Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. Trade and other receivables, are classified as financial assets subsequently measured at amortized cost, adjusted for any loss allowance. For receivables which contain a significant financing component, interest income is calculated using the effective interest method, and is included in profit or loss in investment income.
Inventories	Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs.	Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories of items that are not ordinarily interchangeable, and goods or services produced and segregated for specific projects, are assigned using specific identification of the individual costs. The cost of inventories is assigned using the first-in, first-out (FIFO) formula. The same cost formula is used for all inventories having a similar nature and use to the entity. When inventories are sold, the carrying amount of those inventories are recognized as cost of sales in the period in which the related revenue is recognized. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories arising from an increase in net realizable value are recognized as a reduction in the amount general and administrative expenses in the period in which the reversal occurs.
Property and Equipment	Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2021, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service.	Property and Equipment Property and equipment are tangible assets which the Company holds for its own use and which are expected to be used for more than one year. An item of property and equipment is recognized as an asset when it is probable that future economic benefits associated with the item will flow to the Company, and the cost of the item can be measured reliably. Property and equipment are initially measured at cost. Cost includes all of the expenditures which are directly attributable to the acquisition or construction of the asset, including the capitalization of borrowing costs on qualifying assets and adjustments in respect of hedge accounting, where appropriate. Expenditures incurred subsequently for major services, additions to or replacements of parts of property and equipment are capitalized if it is probable that future economic benefits associated with the expenditure will flow to the Company and the cost can be measured reliably. Day-to-day servicing costs are expensed as incurred. Subsequent to initial recognition, property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Increases in the carrying amounts arising on revaluation of land and buildings are recognized, net of tax, in other comprehensive income and accumulated in reserves in shareholders’ equity. To the extent that the increase reverses a decrease previously recognized in profit or loss, the increase is first recognized in profit or loss. Any decrease in an asset’s carrying amount, as a result of a revaluation, is recognized in profit or loss in the current year. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the accumulated other comprehensive income attributable to the asset; all other decreases are charged to profit or loss. Depreciation of an asset commences when the asset is available for use as intended by management. Depreciation is charged to write off the asset’s carrying amount over its estimated useful life to its estimated residual value, using a method that best reflects the pattern in which the asset’s economic benefits are consumed by the Company. Depreciation is not charged to an asset if its estimated residual value exceeds or is equal to its carrying amount. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale or derecognized. The useful lives of items of property and equipment have been assessed as follows: ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years ​ Leasehold improvements are amortized over the period of the lease or useful lives of the asset, whichever is shorter. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. An item of property or equipment is derecognized upon disposal or when no future economic benefits are expected from its continued use or disposal. Any gain or loss arising from the derecognition of an item of property or equipment, determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, is included in profit or loss when the item is derecognized. As of December 31, 2019, the Company had $825,307 of construction in progress that had been placed into service in February 2020. As of December 31, 2020, the Company had $0 of construction in progress. No depreciation expense is recorded on construction in progress until such time as the assets are completed and placed into service.
Intangible assets	Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ➢ it is technologically feasible to complete the asset so that it will be available for use or sale. ➢ there is an intention to complete and use or sell it. ➢ there is an ability to use or sell it. ➢ it will generate probable future economic benefits. ➢ there are available technical, financial and other resources to complete the development and to use or sell the asset. ➢ the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years.	Intangible assets An intangible asset is recognized when it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably. Intangible assets are initially recognized at cost, less any accumulated amortization and any impairment losses. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. Deferred development costs arising from development expenditures on GeniusU are recognized as an intangible asset when: ● it is technically feasible to complete the asset so that it will be available for use or sale. ● there is an intention to complete and use or sell it. ● there is an ability to use or sell it. ● it will generate probable future economic benefits. ● there are available technical, financial and other resources to complete the development and to use or sell the asset. ● the expenditure attributable to the asset during its development can be measured reliably. Amortization begins when development is complete, and the asset is available for use. Development costs are amortized based on a useful life of five years. In addition, Entrepreneurs Institute developed content, customer relationships, and trade names and trademarks were recognized as part of the acquisition accounting in August 2019, and Entrepreneur Resorts’ developed content, trade names and trademarks, and databases were recognized as part of the acquisition accounting in July 2020. Developed content is being amortized over ten years, and customer relationships and databases are being amortized over seven years. Trade names and trademarks have been determined to have an indefinite useful life. See Note 4 — Business Combinations.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ➢ first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ➢ then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase.	Impairment of Long-Lived Assets Impairment tests are performed on property and equipment when there is an indicator that they may be impaired. When the carrying amount of an item of property and equipment is assessed to be higher than the estimated recoverable amount, an impairment loss is recognized immediately in profit or loss to bring the carrying amount in line with the recoverable amount. For intangible assets, reassessing the useful life of an intangible asset with a finite useful life after it was classified as indefinite is an indicator that the asset may be impaired. As a result, the asset is tested for impairment and the remaining carrying amount is amortized over its useful life. Management assesses at each end of the reporting period whether there is any indication that an asset may be impaired. If any such indication exists, management estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash- generating unit to which the asset belongs is determined. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss of assets carried at cost less any accumulated depreciation or amortization is recognized immediately in profit or loss. Any impairment loss of a revalued asset is treated as a revaluation decrease. Goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash- generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. An impairment loss is recognized for cash-generating units if the recoverable amount of the unit is less than the carrying amount of the units. The impairment loss is allocated to reduce the carrying amount of the assets of the unit in the following order: ● first, to reduce the carrying amount of any goodwill allocated to the cash-generating unit and ● then, to the other assets of the unit, pro rata on the basis of the carrying amount of each asset in the unit. An entity assesses at each reporting date whether there is any indication that an impairment loss recognized in prior periods for assets other than goodwill may no longer exist or may have decreased. If any such indication exists, the recoverable amounts of those assets are estimated. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior periods. A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortization other than goodwill is recognized immediately in profit or loss. Any reversal of an impairment loss of a revalued asset is treated as a revaluation increase.
Financial Instruments	Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ➢ Mandatorily at fair value through profit or loss; or ➢ Designated as of fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ➢ Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ➢ Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as of amortized cost or at fair value through other comprehensive income); or ➢ Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ➢ Amortized cost; ➢ Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ➢ Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ➢ the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as of fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as of fair value through other comprehensive income. The designation as of fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as of fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 27, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date.	Financial Instruments Financial instruments held by the Company are classified in accordance with the provisions of IFRS 9 — Financial Instruments. Broadly, the classification possibilities, which are adopted by the Company, as applicable, are as follows: Financial assets which are equity instruments: ● Mandatorily at fair value through profit or loss; or ● Designated as at fair value through other comprehensive income. (This designation is not available to equity instruments which are held for trading or which are contingent consideration in a business combination). Financial assets which are debt instruments: ● Amortized cost. (This category applies only when the contractual terms of the instrument give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal, and where the instrument is held under a business model whose objective is met by holding the instrument to collect contractual cash flows); or ● Mandatorily at fair value through profit or loss. (This classification automatically applies to all debt instruments which do not qualify as at amortized cost or at fair value through other comprehensive income); or ● Designated at fair value through profit or loss. (This classification option can only be applied when it eliminates or significantly reduces an accounting mismatch; Financial liabilities: ● Amortized cost; ● Mandatorily at fair value through profit or loss. (This applies to contingent consideration in a business combination or to liabilities which are held for trading); or ● Designated at fair value through profit or loss. (This classification option can be applied when it eliminates or significantly reduces an accounting mismatch; ● the liability forms part of a group of financial instruments managed on a fair value basis; or it forms part of a contract containing an embedded derivative and the entire contract is designated as at fair value through profit or loss). Trade and other receivables Trade and other receivables, including amounts due from related parties, are classified as financial assets subsequently measured at amortized cost. They have been classified in this manner because their contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal outstanding, and the Company’s business model is to collect the contractual cash flows on trade and other receivables. Trade and other receivables are recognized when the Company becomes a party to the contractual provisions of the receivables. They are measured, at initial recognition, at fair value plus transaction costs, if any and are subsequently measured at amortized cost. The amortized cost is the amount recognized on the receivable initially, minus principal repayments, plus cumulative amortization (interest) using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. A loss allowance for expected credit losses is recognized on trade and other receivables and is updated at each reporting date. The Company measures the loss allowance for trade and other receivables at an amount equal to lifetime expected credit losses (lifetime ECL), which represents the expected credit losses that will result from all possible default events over the expected life of the receivable. A provision matrix is used as a practical expedient to the determination of expected credit losses on trade and other receivables. The provision matrix is based on the Company’s historic credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current and forecasted direction of conditions at the reporting date, including the time value of money, where appropriate. The loss allowance is calculated on a collective basis for all trade and other receivables in totality. An impairment gain or loss is recognized in profit or loss with a corresponding adjustment to the carrying amount of trade and other receivables, through use of a loss allowance account. The impairment loss is included in operating expenses as a movement in credit loss allowance. Receivables are written off when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, e.g., when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Receivables written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss. Investments in equity instruments Investments in equity instruments are presented in Note 10, Investments at Fair Value. Investments in equity instruments are designated as mandatorily at fair value through profit or loss. As an exception to this classification, the Company may make an irrevocable election, on an instrument-by-instrument basis, and on initial recognition, to designate certain investments in equity instruments as at fair value through other comprehensive income. The designation as at fair value through other comprehensive income is never made on investments which are either held for trading or contingent consideration in a business combination. Investments in equity instruments are recognized when the Company becomes a party to the contractual provisions of the instrument. The investments are measured, at initial recognition, at fair value. Transaction costs are added to the initial carrying amount for those investments which have been designated as at fair value through other comprehensive income. All other transaction costs are recognized in profit or loss. Investments in equity instruments are subsequently measured at fair value with changes in fair value recognized either in profit or loss or in other comprehensive income (and accumulated in equity in the reserve for valuation of investments), depending on their classification. Fair value gains or losses recognized on investments at fair value through profit or loss are included in other operating gains (losses). Dividends received on equity investments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment. Dividends are included in investment income. Investments in equity instruments are not subject to impairment provisions. The gains or losses which accumulated in equity in the reserve for valuation of investments for equity investments at fair value through other comprehensive income are not reclassified to profit or loss on derecognition of the related investment. Instead, the cumulative amount is transferred directly to retained earnings. Trade and other payables Trade and other payables, excluding VAT and amounts received in advance, are classified as financial liabilities subsequently measured at amortized cost. They are recognized when the Company becomes a party to the contractual provisions, and are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability. If trade and other payables contain a significant financing component, and the effective interest method results in the recognition of interest expense, then it is included in profit or loss. Trade and other payables expose the Company to liquidity risk and possibly to interest rate risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof.
Loans payable and convertible debt		Loans payable and convertible debt Loans payable are recognized when the Company becomes a party to the contractual provisions of the loan and are classified as financial liabilities subsequently measured at amortized cost. The loans are measured, at initial recognition, at fair value plus transaction costs, if any, and are subsequently measured at amortized cost using the effective interest method. Interest expense, calculated on the effective interest method, is included in profit or loss. Borrowings expose the Company to liquidity risk. Refer to Note 30, Financial Risk Management, for details of risk exposure and management thereof. Convertible debt is bifurcated into its liability component and equity or derivative liability component at the date of issue, in accordance with the substance of the debt agreements. Conversion options that are bifurcated as derivative liabilities are recorded as a debt discount, which is amortized over the term of the related debt. Derivative liabilities are recorded at fair value at issuance and are marked-to-market at each statement of financial position date.
Income taxes Current income taxes	Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ➢ a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ➢ a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity.	Income taxes Current income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date. Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred taxes A deferred tax asset or liability is recognized for all taxable temporary differences, except to the extent that the deferred tax asset or liability arises from the initial recognition of an asset or liability in a transaction which at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss). A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. A deferred tax asset is recognized for the carry forward of unused tax losses and unused Secondary Tax on Companies (“STC”) credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused STC credits can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current and deferred taxes are recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from: ● a transaction or event which is recognized, in the same or a different period, to other comprehensive income, or ● a business combination. Current tax and deferred taxes are charged or credited to other comprehensive income if the tax relates to items that are credited or charged, in the same or a different period, to other comprehensive income. Current tax and deferred taxes are charged or credited directly to equity if the tax relates to items that are credited or charged, in the same or a different period, directly in equity.
Leases	Leases The Company accounts for its various operating leases in accordance with adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ➢ the initial amount of the corresponding lease liability; ➢ any lease payments made at or before the commencement date; ➢ any initial direct costs incurred; ➢ any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ➢ less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. Each part of a right-of-use asset with a cost that is significant in relation to the total cost of the asset is depreciated separately. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. Lease liability The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise the following: ➢ fixed lease payments, including in-substance fixed payments, less any lease incentives; ➢ variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ➢ the amount expected to be payable by the Company under residual value guarantees; ➢ the exercise price of purchase options, if the Company is reasonably certain to exercise the option; ➢ lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and ➢ penalties for early termination of a lease, if the lease term reflects the exercise of an option to terminate the lease. Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability (or right-of-use asset). The related payments are recognized as an expense in the period incurred and are included in operating expenses. The lease liability is presented as a separate line item on the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect lease payments made. Interest charged on the lease liability is included in interest expense on the accompany consolidated statements of operations and comprehensive loss. Management remeasures the lease liability when: ➢ there has been a change to the lease term, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ➢ there has been a change in the assessment of whether the Company will exercise a purchase, termination or extension option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ➢ there has been a change to the lease payments due to a change in an index or a rate, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); ➢ there has been a change in expected payment under a residual value guarantee, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate; ➢ a lease contract has been modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised payments using a revised discount rate. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of- use asset or is recognized in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. Leases accounted for under IAS 17 Pursuant to IAS 17, a lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. For leases classified as finance leases, the property is capitalized as leasehold property and is depreciated over the lease term. Leased assets are depreciated over the shorter of their expected useful lives and the lease term. Finance leases are recognized as assets and liabilities in the consolidated statement of financial position at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum lease payments. The corresponding liability to the lessor is included in the consolidated balance sheet as a finance lease obligation. The discount rate used in calculating the present value of the minimum lease payments is the interest rate implicit in the lease. The lease payments are apportioned between the finance charge and reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate on the remaining balance of the liability. Operating lease payments are recognized as an expense on a straight-line basis over the lease term. The difference between the amounts recognized as an expense and the contractual payments are recognized as an operating lease asset. This liability is not discounted. Any contingent rents are expensed in the period they are incurred.	Leases The Company adopted IFRS 16, Leases (“IFRS 16’) on January 1, 2019. Management assesses whether a contract is or contains a lease at the inception of the contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In order to assess whether a contract is or contains a lease, management determines whether the asset under consideration is “identified,” which means that the asset is either explicitly or implicitly specified in the contract and that the supplier does not have a substantial right of substitution throughout the period of use. Once management has concluded that the contract includes an identified asset, the right to control the use thereof is considered. To this end, control over the use of an identified asset only exists when the Company has the right to substantially all of the economic benefits from the use of the asset as well as the right to direct the use of the asset. Pursuant to IFRS 16, a lease liability and corresponding right-of-use asset are recognized at the lease commencement date for all lease agreements for which the Company is a lessee. Details of leasing arrangements where the Company is a lessee are presented in Note 9, Right of Use Asset and Lease Liability. Right-of-use assets Right-of-use assets are presented as a separate line item on the consolidated statement of financial position. Lease payments included in the measurement of the lease liability comprise the following: ● the initial amount of the corresponding lease liability; ● any lease payments made at or before the commencement date; ● any initial direct costs incurred; ● any estimated costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, when the Company incurs an obligation to do so, unless these costs are incurred to produce inventories; and ● less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. However, if a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Depreciation starts at the commencement date of a lease. For right-of-use assets which are depreciated over their useful lives, the useful lives are determined consistently with items of the same class of property and equipment. Refer to the accounting policy for property and equipment for details of useful lives. The residual value, useful life and depreciation method of each asset are reviewed at the end of each reporting year. If the expectations differ from previous estimates, the change is accounted for prospectively as a change in accounting estimate. Each part of a right-of-use asset with a cost that is significant in relation to the total cost of the asset is depreciated separately. The depreciation charge for each year is recognized in profit or loss unless it is included in the carrying amount of another asset. Lease liability The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise the following: ● fixed lease payments, including in-substance fixed payments, less any lease incentives; ● variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● the amount expected to be payable by the Company under residual value guarantees; ● the exercise price of purchase options, if the Company is reasonably certain to exercise the option; ● lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and ● penalties for early termination of a lease, if the lease term reflects the exercise of an option to terminate the lease. Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability (or right-of-use asset). The related payments are recognized as an expense in the period incurred and are included in operating expenses. The lease liability is presented as a separate line item on the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect lease payments made. Interest charged on the lease liability is included in interest expense on the accompany consolidated statements of operations and comprehensive loss. Management remeasures the lease liability when: ● there has been a change to the lease term, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ● there has been a change in the assessment of whether the Company will exercise a purchase, termination or extension option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; ● there has been a change to the lease payments due to a change in an index or a rate, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); ● there has been a change in expected payment under a residual value guarantee, in which case the lease liability is remeasured by discounting the revised lease payments using the initial discount rate; ● a lease contract has been modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised payments using a revised discount rate. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of- use asset or is recognized in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. Leases accounted for under IAS 17 Pursuant to IAS 17, a lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. For leases classified as finance leases, the property is capitalized as leasehold property and is depreciated over the lease term. Leased assets are depreciated over the shorter of their expected useful lives and the lease term. Finance leases are recognized as assets and liabilities in the consolidated statement of financial position at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum lease payments. The corresponding liability to the lessor is included in the consolidated balance sheet as a finance lease obligation. The discount rate used in calculating the present value of the minimum lease payments is the interest rate implicit in the lease. The lease payments are apportioned between the finance charge and reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate on the remaining balance of the liability. Operating lease payments are recognized as an expense on a straight-line basis over the lease term. The difference between the amounts recognized as an expense and the contractual payments are recognized as an operating lease asset. This liability is not discounted. Any contingent rents are expensed in the period they are incurred.
Contributed capital and equity	Contributed capital and equity Contributed capital represents the aggregate shareholder investment in Genius Group Ltd and ERL. Non-controlling interest represents the portion of comprehensive income (loss) and net assets attributable to minority shareholders. Non-controlling interest is identified in the consolidated statements of operations and under equity in the consolidated statements of financial position.	Contributed capital and equity Contributed capital represents the aggregate shareholder investment in Genius Group Ltd and ERL. Non-controlling interest represents the portion of comprehensive income (loss) and net assets attributable to minority shareholders. Non-controlling interest is identified in the consolidated statements of operations and under equity in the consolidated statements of financial position.
Revenue from contracts with customers	Revenue from contracts with customers The Company recognizes revenue from the following major sources: ➢ Digital education platform ➢ In person education courses ➢ Sales of goods — ➢ Service revenue Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognized when the Company satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A detailed analysis of performance obligations for each revenue source follows. Digital education platform This revenue is derived from online workshops, training programs, assessments, courses, accreditations certifications and licences provided by both the Company itself and by partners, as well as memberships. Revenue is derived, and performance obligations are fulfilled, over the course of delivery of the product or service, which may be at the time of sale or may be monthly for up to twelve months. The company is compensated by way of fees for the product or service as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. In person education courses This revenue is derived from workshops, training programs and conferences that are delivered in person at the Company’s campuses or third party venues. Revenue is derived, and performance obligations are fulfilled, at the time of delivering the event. The company is compensated by way of course fees as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. Sales of goods — retail This revenue is derived by the Company’s campus businesses and includes food and beverage, spa products, merchandise and ancillary products. Revenue is derived, and performance obligations are fulfilled, at the point in time of providing the goods; in the case of food and beverage delivered as part of a pre-paid accommodation package, revenue is recognized daily over the time of guests’ duration of stay. The company is compensated based on the advertised or agreed price of the goods as part of accommodation packages or on in-house menus in the case of food and beverage, and on in-house price lists or price tickets in the case of spa products, merchandise and ancillary products. The Company’s typical customer for this revenue source is: ➢ an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ➢ individuals, families and companies who are not necessarily seeking education but are attracted to the Company ’ Service revenue This revenue is derived by the Company’s campus businesses and includes accommodation, spa, conferences and events, and memberships. Revenue is derived, and performance obligations are fulfilled, at the time of providing the services; in the case of accommodation as part of a pre-paid booking, revenue is recognized daily over the time of guests’ duration of stay, and for memberships revenue is recognized monthly over the course of delivery of the product or service which may be up to twelve months. The company is compensated based on the advertised or agreed price of the goods as displayed online by the company or booking agents in the case of accommodation, on in-house price lists in the case of spa, by tailored quote in the case of conferences and events, and as displayed in-house or online in the case of memberships. The Company’s typical customer for this revenue source is: ➢ an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ➢ individuals, families and companies who are not necessarily seeking education but are attracted to the Company ’ Deferred revenue The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A contract asset (accounts receivable) is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records a contract liability (deferred revenue) until the performance obligations are satisfied. Deferred revenue represents the Company’s contract liability for cash collections received from its customers in advance of performance under the contract. Deferred revenue is recognized as revenue upon completion of the performance obligation, which generally occurs within one year. As of December 31, 2021, the Company had deferred revenue for remaining unsatisfied performance obligations of $2,561,912 (2020: $1,546,712), which is expected to be recognized within one year. During the year ended December 31, 2021, the Company recognized revenue of $758,794 (2020: $2,905,691) that was included in the deferred revenue balance at the beginning of the period.	Revenue from contracts with customers The Company recognizes revenue from the following major sources: ● Digital education platform ● In person education courses ● Sales of goods — retail ● Service revenue Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognized when the Company satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A detailed analysis of performance obligations for each revenue source follows. Digital education platform This revenue is derived from online workshops, training programs, assessments, courses, accreditations certifications and licenses provided by both the Company itself and by partners, as well as memberships. Revenue is derived, and performance obligations are fulfilled, over the course of delivery of the product or service, which may be at the time of sale or may be monthly for up to twelve months. The company is compensated by way of fees for the product or service as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. In person education courses This revenue is derived from workshops, training programs and conferences that are delivered in person at the Company’s campuses or third-party venues. Revenue is derived, and performance obligations are fulfilled, at the time of delivering the event. The company is compensated by way of course fees as displayed at events or online. The Company’s typical customer for this revenue source is an entrepreneur who seeks to acquire education in a community environment. Sales of goods — retail This revenue is derived by the Company’s campus businesses and includes food and beverage, spa products, merchandise and ancillary products. Revenue is derived, and performance obligations are fulfilled, at the point in time of providing the goods; in the case of food and beverage delivered as part of a pre-paid accommodation package, revenue is recognized daily over the time of guests’ duration of stay. The company is compensated based on the advertised or agreed price of the goods as part of accommodation packages or on in-house menus in the case of food and beverage, and on in-house price lists or price tickets in the case of spa products, merchandise and ancillary products. The Company’s typical customer for this revenue source is: ● an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ● individuals, families and companies who are not necessarily seeking education but are attracted to the Company’s venues and locations for recreation and hospitality experiences. Service revenue This revenue is derived by the Company’s campus businesses and includes accommodation, spa, conferences and events, and memberships. Revenue is derived, and performance obligations are fulfilled, at the time of providing the services; in the case of accommodation as part of a pre-paid booking, revenue is recognized daily over the time of guests’ duration of stay, and for memberships revenue is recognized monthly over the course of delivery of the product or service which may be up to twelve months. The company is compensated based on the advertised or agreed price of the goods as displayed online by the company or booking agents in the case of accommodation, on in-house price lists in the case of spa, by tailored quote in the case of conferences and events, and as displayed in-house or online in the case of memberships. The Company’s typical customer for this revenue source is: ● an entrepreneur who seeks to acquire education in a community environment and wishes to combine learning and experiences; and ● individuals, families and companies who are not necessarily seeking education but are attracted to the Company’s venues and locations for recreation and hospitality experiences. Deferred revenue The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A contract asset (accounts receivable) is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records a contract liability (deferred revenue) until the performance obligations are satisfied. Deferred revenue represents the Company’s contract liability for cash collections received from its customers in advance of performance under the contract. Deferred revenue is recognized as revenue upon completion of the performance obligation, which generally occurs within one year. As of December 31, 2020, the Company had deferred revenue for remaining unsatisfied performance obligations of $1,546,712 (2019: $3,231,431), which is expected to be recognized within one year. During the year ended December 31, 2020, the Company recognized revenue of $2,905,691 (2019: $2,155,612) that was included in the deferred revenue balance at the beginning of the period.
Borrowing costs	Borrowing costs Coupon interest is recognized in the period in which it is incurred, while other borrowing costs (debt discount) are amortized to interest expense over the expected term of the notes using the interest method.	Borrowing costs Coupon interest is recognized in the period in which it is incurred, while other borrow costs (debt discount) are amortized to interest expense over the expected term of the notes using the interest method.
Foreign currency transactions	Foreign currency transactions The Company’s reporting currency is the U.S. dollar. The functional currencies of the Genius Group and its subsidiaries are their local currencies (Singapore dollar, British pound, Indonesian rupiah and South African rand) and the functional currency of ERL and its subsidiaries is the U.S. dollar. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies. Gains and losses resulting from transactions denominated in non-functional currencies are recognized in earnings. At the end of the reporting period, assets and liabilities are translated into U.S. dollars using the exchange rate at the balance sheet date and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended. Resulting translation adjustments are made directly to accumulated other comprehensive income. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period, or in previous consolidated financial statements, are recognized in profit or loss in the period in which they arise. When a gain or loss on a non-monetary item is recognized to other comprehensive income and accumulated in equity, any exchange component of that gain or loss is recognized to other comprehensive income and accumulated in equity. When a gain or loss on a non-monetary item is recognized in profit or loss, any exchange component of that gain or loss is recognized in profit or loss. Cash flows arising from transactions in a foreign currency are recorded in U.S. dollars by applying to the foreign currency amount the exchange rate between the U.S. dollar and the foreign currency at the date of the cash flow.	Foreign currency transactions The Company’s reporting currency is the U.S. dollar. The functional currencies of the Genius Group and its subsidiaries are their local currencies (Singapore dollar, British pound, Indonesian rupiah and South African rand) and the functional currency of ERL and its subsidiaries is the U.S. dollar. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies. Gains and losses resulting from transactions denominated in non-functional currencies are recognized in earnings. At the end of the reporting period, assets and liabilities are translated into U.S. dollars using the exchange rate at the balance sheet date and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended. Resulting translation adjustments are made directly to accumulated other comprehensive income. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period, or in previous consolidated financial statements, are recognized in profit or loss in the period in which they arise. When a gain or loss on a non-monetary item is recognized to other comprehensive income and accumulated in equity, any exchange component of that gain or loss is recognized to other comprehensive income and accumulated in equity. When a gain or loss on a non-monetary item is recognized in profit or loss, any exchange component of that gain or loss is recognized in profit or loss. Cash flows arising from transactions in a foreign currency are recorded in U.S. dollars by applying to the foreign currency amount the exchange rate between the U.S. dollar and the foreign currency at the date of the cash flow.
Stock-based compensation	Stock-based compensation For service-based awards, compensation expense is measured at the grant date based on the fair value of the award and is recognized on a straight-line basis over the requisite service period, which is typically the vesting period.	Stock-based compensation For service-based awards, compensation expense is measured at the grant date based on the fair value of the award and is recognized on a straight-line basis over the requisite service period, which is typically the vesting period.

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of useful lives of items of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years	​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ Useful Category Method Life Buildings Straight line 20 years Machinery ​ Straight line ​ 5 years Furniture and fixtures Straight line 5 years Motor vehicles Straight line 5 years Office equipment Straight line 5 years IT equipment Straight line 3 – 5 years Computer software ​ Straight line ​ 2 – 8 years Spa equipment, curtains, crockery, glassware and linen ​ Straight line ​ 5 years

RECENT ACCOUNTING PRONOUNCEME_4

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
Schedule of recently adopted accounting standards		​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to References to the Conceptual Framework in IFRS Standards ​ January 1, 2020 Amendments to FRS 1 and FRS 8 Definition of Material ​ January 1, 2020 Amendments to IFRS 3 Definition of a Business ​ January 1, 2020 Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform ​ January 1, 2020 Amendment to IFRS 16 COVID-19 Related Rent Concessions ​ June 1,2020
Schedule of recent accounting standard not yet adopted	​ ​ ​ ​ ​ ​ Effective for periods Standard/Interpretation beginning on or after Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2021 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023	​ ​ ​ ​ ​ Effective for periods Standard/Interpretation ​ beginning on or after Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 ​ January 1, 2021 Amendments to IFRS 3 Reference to the Conceptual Framework Relating to Business Combinations ​ January 1, 2022 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract ​ January 1, 2022 Annual Improvements to IFRS Standards 2018-2020 ​ January 1, 2022 Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use ​ January 1, 2022 Amendments to IAS 1 Classification of Liabilities as Current or Non-current ​ January 1, 2023 Amendments to IFRS 17 Insurance Contracts ​ January 1, 2023

BUSINESS COMBINATIONS (Tables_2

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities	​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954
Entrepreneurs Institute
Disclosure of detailed information about business combination [line items]
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities		​ ​ ​ ​ ​ ​ Amount Cash & equivalents $ 159,000 Accounts receivable ​ 984,000 Advances to affiliates ​ 830,000 Prepaid expenses ​ 468,000 Other assets ​ 9,000 Total acquired assets ​ 2,450,000 Less: Acquired liabilities Accounts payable ​ (566,000) Accrued expenses ​ (58,000) Deferred revenue ​ (2,224,000) Net assets acquired ​ $ (398,000)
Matla Game Lodge
Disclosure of detailed information about business combination [line items]
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities		​ ​ ​ ​ ​ ​ Amount Cash & equivalents ​ $ 14,759 Buildings ​ 975,008 Right of use asset ​ 166,925 Other property and equipment ​ 290,865 Other assets ​ 9,888 Total acquired assets ​ 1,457,445 Less: Acquired liabilities Accounts payable ​ (8,499) Lease liability ​ (166,925) Deferred tax liability ​ (218,402) Other liabilities ​ (2,824) Net assets acquired ​ $ 1,060,795
Entrepreneur Resorts Limited [Member]
Disclosure of detailed information about business combination [line items]
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities		​ ​ ​ ​ ​ ​ Amount Cash and cash equivalents ​ 1,376,396 Accounts receivable, net ​ 196,434 Due from related parties ​ 3,171 Inventories ​ 157,927 Prepaid expenses and other current assets ​ 613,164 Property and equipment, net ​ 6,865,544 Operating lease right-of-use asset ​ 1,740,083 Other intangible assets ​ 67,849 Goodwill ​ 1,209,953 Total acquired assets ​ 12,230,521 Less: Acquired liabilities Accounts payable ​ 56,490 Accrued expenses and other current liabilities ​ 1,013,665 Deferred revenue ​ 564,215 Operating lease liabilities – current portion ​ 519,740 Deferred tax liability ​ 607,270 Operating lease liabilities – non-current portion ​ 1,311,110 Loans payable – non-current portion ​ 1,000,000 Convertible debt obligations ​ 1,220,450 Total acquired liabilities ​ 6,292,940 Net assets ​ $ 5,937,581 Net assets acquired – 97.8% controlling interest ​ $ 5,806,954

INVENTORIES (Tables)_2

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Food and beverage ​ $ 38,500 ​ $ 42,694 Merchandise ​ 51,777 ​ 59,943 Consumables ​ 2,253 ​ 9,906 Total inventories ​ $ 92,530 ​ $ 112,543	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Food and beverage ​ $ 42,694 ​ $ 47,224 Merchandise ​ 59,943 ​ 65,098 Consumables ​ 9,906 ​ 7,194 Total inventories ​ $ 112,543 ​ $ 119,516

PREPAID EXPENSES AND OTHER CU_5

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Summary of prepaid expenses and other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Prepaid expenses $ 3,349,990 $ 1,305,088 Deposits ​ ​ 59,925 ​ ​ 226,189 Other receivables ​ 80,531 ​ 17,440 Total ​ $ 3,490,446 ​ $ 1,548,717	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2020 2019 Prepaid expenses $ 1,305,088 $ 832,280 Deposits ​ ​ 226,189 ​ ​ 223,718 Other receivables ​ 17,440 ​ 9,037 Total ​ $ 1,548,717 ​ $ 1,065,035

PROPERTY AND EQUIPMENT (Table_2

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PROPERTY AND EQUIPMENT
Summary of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Accumulated ​ Carrying ​ ​ ​ ​ Accumulated ​ Carrying ​ Cost Depreciation Value Cost Depreciation Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings ​ 4,401,241 ​ (989,085) ​ 3,412,156 ​ 4,625,408 ​ (674,781) ​ 3,950,627 Leasehold property ​ 4,261,623 ​ (2,770,810) ​ 1,490,813 ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 Plant and machinery ​ 136,692 ​ (87,050) ​ 49,642 ​ 164,137 ​ (79,453) ​ 84,684 Furniture and fixtures ​ 537,964 ​ (330,476) ​ 207,488 ​ 466,277 ​ (276,904) ​ 189,373 Motor vehicles ​ 320,103 ​ (281,587) ​ 38,516 ​ 341,906 ​ (248,580) ​ 93,326 Office equipment ​ 26,287 ​ (19,528) ​ 6,759 ​ 23,599 ​ (13,164) ​ 10,435 IT equipment ​ 113,790 ​ (88,274) ​ 25,516 ​ 113,790 ​ (80,800) ​ 32,990 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Spa equipment, curtains, crockery, glassware and linen ​ 255,434 ​ (196,926) ​ 58,508 ​ 255,434 ​ (161,724) ​ 93,710 ​ ​ $ 11,554,308 ​ $ (4,768,192) ​ $ 6,776,116 ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ ​ ​ ​ As restated ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost Accumulated Value ​ ​ Accumulated Carrying ​ ​ As restated ​ Depreciation ​ As restated ​ Cost ​ Depreciation ​ Value Land ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 ​ $ 1,486,718 ​ $ — ​ $ 1,486,718 Buildings, as restated ​ 4,625,408 ​ (674,781) ​ 3,950,627 ​ 3,774,580 ​ (344,035) ​ 3,430,545 Leasehold property ​ 4,251,845 ​ (2,596,718) ​ 1,655,127 ​ 3,373,869 ​ (2,354,975) ​ 1,018,894 Plant and machinery ​ 164,137 ​ (79,453) ​ 84,684 ​ 167,428 ​ (71,509) ​ 95,919 Furniture and fixtures ​ 466,277 ​ (276,904) ​ 189,373 ​ 450,618 ​ (219,166) ​ 231,452 Motor vehicles ​ 341,906 ​ (248,580) ​ 93,326 ​ 356,094 ​ (220,244) ​ 135,850 Office equipment ​ 23,599 ​ (13,164) ​ 10,435 ​ 23,700 ​ (10,909) ​ 12,791 IT equipment ​ 113,790 ​ (80,800) ​ 32,990 ​ 113,630 ​ (71,190) ​ 42,440 Computer Software ​ 4,456 ​ (4,456) ​ — ​ 4,456 ​ (4,456) ​ — Construction in progress ​ ​ — ​ ​ — ​ ​ — ​ ​ 825,307 ​ ​ — ​ ​ 825,307 Spa equipment, curtains, crockery, glassware and linen. ​ 255,434 ​ (161,724) ​ 93,710 ​ 257,094 ​ (137,598) ​ 119,496 ​ ​ $ 11,733,570 ​ $ (4,136,580) ​ $ 7,596,990 ​ $ 10,833,494 ​ $ (3,434,082) ​ $ 7,399,412
Summary of reconciliation of property and equipment	Reconciliation of property and equipment — 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings ​ 3,950,627 ​ ​ ​ — ​ (215,291) ​ ​ ​ (323,180) ​ 3,412,156 Leasehold Property ​ 1,655,129 ​ ​ ​ — ​ 9,777 ​ — ​ (174,093) ​ 1,490,813 Plant & Machinery ​ 84,685 ​ 9,981 ​ — ​ (37,427) ​ ​ ​ (7,597) ​ 49,642 Furniture and Fixtures ​ 189,372 ​ 65,128 ​ — ​ 6,558 ​ ​ ​ (53,570) ​ 207,488 Motor Vehicles ​ 93,325 ​ — ​ — ​ (21,803) ​ ​ ​ (33,006) ​ 38,516 Office Equipment ​ 10,435 ​ 2,688 ​ — ​ — ​ ​ ​ (6,364) ​ 6,759 IT Equipment ​ 32,989 ​ — ​ — ​ — ​ ​ ​ (7,473) ​ 25,516 Spa Equipment, curtains, crockery, glassware and linen ​ 93,710 ​ — ​ — ​ ​ ​ ​ ​ (35,202) ​ 58,508 ​ ​ $ 7,596,990 ​ $ 77,797 ​ $ — ​ $ (258,186) ​ $ — ​ $ (640,485) ​ $ 6,776,116 Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ ​ 1,486,718 Buildings ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ 825,307 ​ — ​ — ​ ​ ​ (825,307) ​ — ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990	Reconciliation of property and equipment — 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Reclass Depreciation Balance As restated Land ​ ​ 1,486,718 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ — ​ 1,486,718 Buildings, as restated ​ 3,430,545 ​ 490,961 ​ — ​ 359,867 ​ ​ ​ (330,746) ​ 3,950,627 Leasehold Property ​ 1,018,894 ​ 54,250 ​ — ​ (1,579) ​ 825,307 ​ (241,743) ​ 1,655,129 Plant & Machinery ​ 95,919 ​ — ​ — ​ (3,291) ​ ​ ​ (7,944) ​ 84,684 Furniture and Fixtures ​ 231,452 ​ 39,739 ​ (24,033) ​ ​ ​ ​ ​ (57,785) ​ 189,373 Motor Vehicles ​ 135,850 ​ — ​ — ​ (13,734) ​ ​ ​ (28,336) ​ 93,780 Office Equipment ​ 12,791 ​ 3,893 ​ (1,203) ​ (2,751) ​ ​ ​ (2,295) ​ 10,435 IT Equipment ​ 42,440 ​ — ​ — ​ (341) ​ ​ ​ (9,564) ​ 32,535 Construction in progress ​ ​ 825,307 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ (825,307) ​ ​ — ​ ​ — Spa Equipment, curtains, crockery, glassware and linen ​ 119,496 ​ — ​ — ​ (1,661) ​ ​ ​ (24,126) ​ 93,709 ​ ​ $ 7,399,412 ​ $ 588,843 ​ $ (25,236) ​ $ 336,510 ​ $ — ​ $ (702,539) ​ $ 7,596,990 Reconciliation of property and equipment — 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Opening ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Closing ​ Balance Additions Disposals Translation Revaluation Depreciation Balance Land ​ ​ 1,486,453 ​ ​ 265 ​ ​ — ​ ​ ​ ​ ​ — ​ — ​ ​ 1,486,718 Buildings ​ 3,448,091 ​ 147,815 ​ — ​ ​ ​ ​ ​ (165,361) ​ 3,430,545 Leasehold Property ​ 832,002 ​ 706,146 ​ — ​ ​ ​ ​ ​ (519,254) ​ 1,018,894 Plant & Machinery ​ 13,390 ​ 93,074 ​ (3,309) ​ ​ ​ ​ ​ (7,236) ​ 95,919 Furniture and Fixtures ​ 239,759 ​ 14,372 ​ — ​ ​ ​ ​ ​ (22,679) ​ 231,452 Motor Vehicles ​ 74,055 ​ 70,791 ​ — ​ ​ ​ ​ ​ (8,996) ​ 135,850 Office Equipment ​ 1,359 ​ 16,658 ​ (214) ​ ​ ​ ​ ​ (5,012) ​ 12,791 IT Equipment ​ 36,015 ​ 18,682 ​ — ​ ​ ​ ​ ​ (12,257) ​ 42,440 Construction in progress ​ — ​ 825,307 ​ — ​ ​ ​ ​ ​ — ​ 825,307 Spa Equipment, curtains, crockery, glassware and linen ​ 130,301 ​ 8,928 ​ (22) ​ ​ ​ ​ ​ (19,711) ​ 119,496 ​ ​ $ 6,261,425 ​ $ 1,902,038 ​ $ (3,545) ​ $ — ​ $ — ​ $ (760,506) ​ $ 7,399,412

RIGHT OF USE ASSET AND LEASE _6

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
Summary of carrying amounts of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (117,959) ​ (39,007) Accumulated depreciation on right of use assets ​ (1,233,934) ​ (726,246) Right of use asset, net. ​ $ 1,077,241 ​ $ 1,663,881	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Right of use asset – buildings ​ $ 1,378,312 ​ $ 1,378,312 Right of use asset – office space ​ 58,412 ​ 58,412 Right of use asset – leaseholds ​ 992,410 ​ 992,410 Foreign currency translation ​ (39,007) ​ — Accumulated depreciation on right of use assets ​ (726,246) ​ (235,061) Right of use asset, net. ​ $ 1,663,881 ​ $ 2,194,073
Summary of maturity analysis of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Within one year ​ $ 436,270 ​ $ 545,132 Two to five years ​ 298,594 ​ 660,034 Thereafter ​ 9,007,645 ​ 9,924,141 ​ ​ 9,742,509 ​ 11,129,307 Less: finance charges component ​ (8,411,649) ​ (9,276,243) ​ ​ $ 1,330,860 ​ $ 1,853,064 Lease liabilities, current ​ $ 436,271 ​ $ 545,132 Lease liabilities, non-current ​ 894,589 ​ 1,307,932 ​ ​ $ 1,330,860 ​ $ 1,853,064	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Within one year ​ $ 545,132 ​ $ 544,551 Two to five years ​ 660,034 ​ 1,214,787 Thereafter ​ 9,924,141 ​ 15,534,632 ​ ​ 11,129,307 ​ 17,293,970 Less: finance charges component ​ (9,276,243) ​ (15,020,231) ​ ​ $ 1,853,064 ​ $ 2,273,739 Lease liabilities, current ​ $ 545,132 ​ $ 544,551 Lease liabilities, non-current ​ 1,307,932 ​ 1,729,188 ​ ​ $ 1,853,064 ​ $ 2,273,739

INVESTMENTS AT FAIR VALUE (Ta_2

INVESTMENTS AT FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS AT FAIR VALUE
Schedule of investments at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Investments in YouGo World ​ $ 28,698 ​ $ 28,698 Other investments ​ 371 ​ 378 Total ​ $ 29,069 ​ $ 29,076	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Investments in YouGo World ​ $ 28,698 ​ $ 28,155 Other investments ​ 378 ​ 371 Total ​ $ 29,076 ​ $ 28,526

GOODWILL (Tables)_2

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GOODWILL
Summary of changes in goodwill	​ ​ ​ ​ ​ Balance as of January 1, 2020 $ 1,209,953 Additions – ​ — Balance as of December 31, 2020 ​ $ 1,209,953 Additions – foreign currency translation ​ 110,147 Balance as of December 31, 2021 ​ $ 1,320,100	​ ​ ​ ​ ​ Balance as of December 31, 2018, as restated ​ 1,209,953 Additions – ​ — Balance as of December 31, 2019, as restated ​ $ 1,209,953 Additions – ​ — Balance as of December 31, 2020, as restated ​ $ 1,209,953

INTANGIBLE ASSETS (Tables)_2

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTANGIBLE ASSETS
Summary of reconciliation of intangible assets	A reconciliation of intangible assets for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2020 Additions ​ Intangibles Expense Translation 2021 GeniusU software platform $ 2,007,182 $ 804,314 $ — $ — ​ — $ 2,811,496 Trademarks ​ 13,234 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (1,015,502) ​ — ​ — ​ (424,080) ​ 9,821 ​ (1,429,761) Net carrying value ​ $ 1,004,914 ​ $ 804,314 ​ $ — ​ $ (424,080) ​ $ 9,821 ​ $ 1,394,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions Intangibles Expense Translation 2020 GeniusU software platform $ 1,563,193 $ 424,530 ​ ​ $ — $ 19,459 $ 2,007,182 Trademarks ​ ​ ​ — ​ $ 13,234 ​ ​ ​ ​ ​ ​ ​ 13,234 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914	A reconciliation of intangible assets for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2019 Additions ​ Intangibles Expense Translation 2020, as restated Trademarks $ — $ — $ 13,234 $ — $ — $ 13,234 GeniusU software platform ​ $ 1,563,193 ​ $ 424,530 ​ $ — ​ $ — ​ $ 19,459 ​ $ 2,007,182 Accumulated amortization ​ (640,814) ​ — ​ — ​ (359,822) ​ (14,866) ​ (1,015,502) Net carrying value ​ $ 922,379 ​ $ 424,530 ​ $ 13,234 ​ $ (359,822) ​ $ 4,593 ​ $ 1,004,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Software ​ Purchase ​ ​ ​ Foreign ​ Balance at ​ ​ December 31, ​ Development ​ of ​ Amortization ​ Currency ​ December 31, ​ ​ 2018 Additions Intangibles Expense Translation 2019, as restated GeniusU software platform $ 1,103,705 $ 423,959 $ — $ — $ 35,529 $ 1,563,193 Accumulated Amortization ​ (358,067) ​ ​ ​ ​ ​ (268,499) ​ (14,248) ​ (640,814) Net carrying value ​ $ 745,638 ​ $ 423,959 ​ $ — ​ $ (268,499) ​ $ 21,281 ​ $ 922,379

DEFERRED TAX ASSETS AND LIABI_6

DEFERRED TAX ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED TAX ASSETS AND LIABILITIES
Summary of Deferred tax assets and liabilities	Deferred tax assets and (liabilities) as of December 31, 2021 and 2020 and the related activity for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Other ​ Provision For ​ December 31, ​ ​ 2020 Comprehensive Income Income Taxes 2021 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ ​ — ​ ​ — ​ ​ — ​ $ — Property, plant, and equipment ​ ​ (979,612) ​ ​ — ​ ​ 96,537 ​ $ (883,075) Other ​ (8,431) ​ ​ ​ ​ 8,431 ​ $ — ​ ​ (988,043) ​ — ​ 104,968 ​ (883,075) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ — ​ — ​ ​ — ​ $ — Prepaid expenses ​ (11,849) ​ — ​ (5,346) ​ $ (17,195) Other (Section 24C allowance) ​ 26,452 ​ 23,451 ​ 116 ​ $ 50,019 ​ ​ 14,603 ​ 23,451 ​ (5,230) ​ 32,824 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ — ​ — ​ ​ — ​ $ — Income in Advance ​ 98,015 ​ — ​ 29,114 ​ $ 127,129 Tax Losses ​ — ​ — ​ — ​ $ — Net deferred tax assets and (liabilities) ​ $ (875,425) ​ $ 23,451 ​ $ 128,852 ​ $ (723,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Recognized In ​ Recognized In ​ Balance ​ ​ 2019, as ​ Business ​ Provision For ​ December 31, ​ ​ restated ​ Combinations Income Taxes ​ 2020 Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (1,005,005) ​ (69,537) ​ 94,930 ​ (979,612) Other ​ — ​ — ​ (8,431) ​ (8,431) ​ ​ (1,005,005) ​ — ​ 86,499 ​ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ (11,849) Other (Other) ​ — ​ — ​ 26,452 ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ ​ (174,963) ​ ​ — ​ ​ 280,070 ​ — ​ (182,056) ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425)	Deferred tax assets and (liabilities) as of December 31, 2020 and 2019 and the related activity for the years ended December 31, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized Recognized ​ ​ ​ Balance ​ In ​ In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2019, as restated Combinations Income Taxes 2020, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ ​ (1,005,005) ​ ​ (69,537) ​ ​ 94,930 ​ ​ (979,612) Other ​ — ​ ​ ​ ​ (8,431) ​ $ (8,431) ​ ​ (1,005,005) ​ (69,537) ​ 86,499 ​ $ (988,043) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other (Section 24C allowance) ​ (11,709) ​ — ​ (140) ​ ​ (11,849) Other (Other) ​ ​ — ​ ​ — ​ ​ 26,452 ​ ​ 26,452 ​ ​ (11,709) ​ — ​ 26,312 ​ ​ 14,603 Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income in Advance ​ 105,108 ​ — ​ (7,093) ​ ​ 98,015 Tax Losses ​ 174,963 ​ ​ ​ (174,963) ​ ​ — ​ ​ ​ 280,071 ​ ​ — ​ ​ (182,056) ​ ​ 98,015 Net deferred tax assets and (liabilities) ​ $ (736,645) ​ $ (69,537) ​ $ (69,245) ​ $ (875,425) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Recognized In ​ Recognized In ​ Balance ​ ​ December 31, ​ Business ​ Provision For ​ December 31, ​ ​ 2018 ​ Combinations Income Taxes ​ 2019, as restated Non-current assets: ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets ​ $ — ​ $ — ​ $ — ​ $ — Property, plant, and equipment ​ (853,231) ​ (218,402) ​ 66,628 $ (1,005,005) Other ​ — ​ — ​ — $ — ​ ​ (853,231) ​ (218,402) ​ 66,628 ​ (1,005,005) Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables ​ ​ — ​ ​ — ​ ​ — ​ $ — Prepaid expenses ​ ​ (1,536) ​ ​ — ​ ​ 1,536 ​ $ — Other (Section 24C allowance) ​ (70,427) ​ — ​ 58,718 $ (11,709) ​ ​ (71,963) ​ — ​ 60,254 ​ (11,709) Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation ​ ​ — ​ ​ — ​ ​ — ​ $ — Income in Advance ​ 117,378 ​ — ​ (12,270) $ 105,108 Tax Losses ​ 373,618 ​ ​ ​ ​ (198,656) ​ $ 174,963 ​ ​ 490,996 ​ ​ ​ (210,926) ​ 280,071 Net deferred tax assets and (liabilities) ​ $ (434,198) ​ $ (218,402) ​ $ (84,044) ​ $ (736,645)
Summary of unused tax losses for which no deferred tax assets have been recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Unused tax losses for which no deferred tax assets has been recognized ​ $ (9,982,291) ​ $ (6,155,623) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (2,050,255) ​ $ (1,305,245)	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 2019 Unused tax losses for which no deferred tax assets has been recognized ​ $ (6,155,623) ​ $ (4,044,750) Potential tax benefit of such unused tax losses at applicable statutory tax rates ​ $ (1,305,245) ​ $ (768,413)

ACCRUED EXPENSES AND OTHER CU_5

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Schedule of accrued expenses and other current liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Accrued expenses ​ $ 390,138 ​ $ 233,842 North West Parks Board ​ ​ 1,177,050 ​ ​ 1,049,515 Other taxation payable ​ 33,314 ​ 104,368 VAT ​ 48,493 ​ 28,271 Derivative liability ​ 250,000 ​ 250,000 Sundry payables ​ 165,307 ​ 144,226 Total ​ $ 2,064,302 ​ $ 1,810,222	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Accrued expenses ​ $ 233,842 ​ $ 275,258 North West Parks Board ​ ​ 1,049,515 ​ ​ 986,516 Other taxation payable ​ 104,368 ​ 135,381 VAT ​ 28,271 ​ 33,938 Derivative liability ​ 250,000 ​ — Sundry payables ​ 144,226 ​ 11,497 Total ​ $ 1,810,222 ​ $ 1,442,590

DEFERRED REVENUE (Tables)_2

DEFERRED REVENUE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
DEFERRED REVENUE
Summary of deferred revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Advance bookings for lodges ​ $ 293,716 ​ $ 379,305 Educational revenue paid in advance ​ ​ 1,630,723 ​ ​ 1,026,700 Other prepaid income ​ 638,473 ​ 140,707 Total ​ $ 2,561,912 ​ $ 1,546,712	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Advance bookings for lodges ​ $ 379,305 ​ $ 399,291 Educational revenue paid in advance ​ ​ 1,026,700 ​ ​ 2,724,427 Other prepaid income ​ 140,707 ​ 107,713 Total ​ $ 1,546,712 ​ $ 3,231,431
Summary of analysis of contractual obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2021 Deferred revenue, beginning ​ $ 1,546,712 ​ $ 3,231,431 Addition ​ 1,773,994 ​ 1,220,972 Usage ​ (758,794) ​ (2,905,691) Deferred revenue, ending ​ $ 2,561,912 ​ $ 1,546,712

LOANS PAYABLE (Tables)_2

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE
Summary of loans payable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2021 2020 Loans payable – current portion ​ $ 65,415 ​ $ 65,611 Loans payable – non-current portion ​ ​ 85,858 ​ ​ 157,629 Total ​ $ 151,273 ​ $ 223,240	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2020 2019 Loans payable – current portion ​ $ 65,611 ​ $ 64,379 Loans payable – non-current portion ​ ​ 157,629 ​ ​ 1,217,509 Total ​ $ 223,240 ​ $ 1,281,888

LOANS PAYABLE - RELATED PARTI_7

LOANS PAYABLE - RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LOANS PAYABLE - RELATED PARTIES
Summary of loans from related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Loan payable to related parties for the acquisition of Wealth Dynamics ​ ​ ​ ​ ​ ​ Current portion ​ $ 425,551 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ — Subtotal ​ 425,551 ​ 400,000 Other loans payable to related parties, current ​ — ​ 189,502 Total loans payable to related parties ​ $ 425,551 ​ $ 589,502	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Loan payable to related parties for the acquisition of Entrepreneurs Institute ​ ​ ​ ​ ​ ​ Current portion ​ $ 400,000 ​ $ 400,000 Non-current portion ​ ​ — ​ ​ 400,000 Subtotal ​ 400,000 ​ 800,000 Other loans payable to related parties, current ​ 189,502 ​ 32,800 Total loans payable to related parties ​ $ 589,502 ​ $ 832,800

CONVERTIBLE DEBT OBLIGATIONS _5

CONVERTIBLE DEBT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONVERTIBLE DEBT OBLIGATIONS
Summary of convertible debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2021 2020 Convertible debt obligations, beg, gross ​ $ 1,531,639 ​ $ 1,918,340 Converted to equity ​ (257,629) ​ (386,701) Deferred debt discount ​ — ​ — Convertible debt obligations, end, net ​ $ 1,274,010 ​ $ 1,531,639 Convertible debt obligations, current portion ​ $ 507,765 ​ $ 1,531,639 Convertible debt obligations, non-current portion ​ $ 766,245 ​ $ 1,531,639	​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ​ 2020 2019 Convertible debt obligations, gross ​ $ 1,531,639 ​ $ 2,256,178 Deferred debt discount ​ — ​ (337,838) Convertible debt obligations, net ​ $ 1,531,639 ​ $ 1,918,340

EQUITY (Tables)_2

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EQUITY
Schedule of stock options using the Black-Scholes option pricing model and used the assumptions	​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2021 2020 ​ Risk-free interest rate ​ 0.73 % 0.13 % Contractual term (years) 1-3 2.00 ​ Expected volatility 66.00 % 42.00 % Expected dividends 0.00 % 0.00 %	​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ ​ ​ 2020 2019 ​ Risk-free interest rate ​ 0.13 % 2.50 % Contractual term (years) 2.00 2.00 ​ Expected volatility 42.00 % 39.00 % Expected dividends 0.00 % 0.00 %
Summary of option activity	A summary of the option activity during the year ended December 31, 2021 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2021 73,428 5.81 1.00 97,782 Granted 85,836 5.81 2 Exercised — — — — Expired — — — — Outstanding Dec 31, 2021 159,264 5.81 1.00 ​	A summary of the option activity during the years ended December 31, 2020 and 2019 was as follows (revised to give retroactive effect to the 6 for 1 stock split in April 2021): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ Aggregate ​ ​ No of ​ Share ​ Remaining ​ Intrinsic ​ Options Price Life Value Outstanding Jan. 1, 2018 253,818 2.43 1.00 119,667 Granted 257,478 3.56 0.00 0 Exercised (253,818) 2.43 0.00 0 Expired ​ 0 ​ 0.00 ​ 0.00 ​ 0 Outstanding Dec 31, 2019 ​ 257,478 ​ 3.56 ​ 1.00 ​ 580,613 Granted ​ 73,428 ​ 5.81 ​ 0.00 ​ 0 Exercised ​ (257,478) ​ 0.00 ​ 0.00 ​ 0 Expired 0 0.00 0.00 0 Outstanding Dec 31, 2020 73,428 5.81 1.00 97,782 ​
Schedule of information related to options outstanding	The following table presents information related to options outstanding at December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2021 ​ $ 5.81 85,836 Genius Group 1 n/a ​	The following table presents information related to options outstanding at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Underlying ​ Remaining ​ Exercisable ​ ​ Exercise ​ Number ​ Common ​ Life in ​ Number of Year Price of options Stock Years Warrants 2019 ​ $ 3.56 ​ 257,478 ​ Genius Group ​ n/a ​ n/a 2020 ​ $ 5.81 73,428 Genius Group n/a n/a ​

REVENUES (Tables)_2

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 3,102,210 ​ $ 1,280,320 – Rendering of services. ​ — ​ 735,246 Campus sub-total ​ 3,102,210 ​ 2,015,566 Education Revenue ​ ​ – Digital. ​ 9,676,052 ​ 5,298,227 – In-Person. ​ — ​ 319,983 Education sub-total ​ 9,676,052 ​ 5,618,210 Total Revenue ​ $ 12,778,262 ​ $ 7,633,776	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Campus Revenue ​ ​ ​ ​ ​ ​ – Sale of goods ​ $ 1,280,320 ​ $ 1,796,961 – Rendering of services. ​ 735,246 ​ 2,635,035 Campus sub-total ​ 2,015,566 ​ 4,431,996 Education Revenue ​ ​ ​ ​ – Digital. ​ 5,298,227 ​ 4,771,253 – In-Person. ​ 319,983 ​ 745,808 Education sub-total ​ 5,618,210 ​ 5,517,061 Total Revenue ​ $ 7,633,776 ​ $ 9,949,057

OTHER OPERATING INCOME (Table_2

OTHER OPERATING INCOME (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OTHER OPERATING INCOME
Schedule of other operating income	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Other income ​ $ — ​ $ 133,519 Subsidy from Government ​ ​ 499,300 ​ ​ — ​ ​ $ 499,300 ​ $ 133,519	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Administration and management fees received ​ $ — ​ $ 12,458 Other income ​ ​ 133,519 ​ ​ 81,673 ​ ​ $ 133,519 ​ $ 94,131

GENERAL AND ADMINISTRATIVE EX_5

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
GENERAL AND ADMINISTRATIVE EXPENSES
Schedule of general and administrative expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Consulting and professional services ​ $ 660,117 ​ $ 424,891 Marketing ​ 73,277 ​ 72,942 Rent expense ​ 250,994 ​ 144,423 Repairs and maintenance ​ 11,144 ​ 103,152 Salaries, wages, bonuses and other benefits ​ 4,197,397 ​ 3,031,485 Travel ​ 13,356 ​ 13,356 Utilities ​ 142,019 ​ 112,027 Other ​ 1,151,991 ​ 1,314,430 Development charges ​ 456,180 ​ 378,010 Stock-based compensation ​ 293,837 ​ 394,717 Provision for doubtful debts ​ (39,108) ​ 161,788 Total general and administrative expenses ​ $ 7,211,204 ​ $ 6,151,221	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Consulting and professional services ​ $ 424,891 ​ $ 606,738 Marketing ​ 72,942 ​ 814,873 Rent expense ​ 144,423 ​ 457,735 Repairs and maintenance ​ 103,152 ​ 120,023 Salaries, wages, bonuses and other benefits ​ 3,031,485 ​ 3,538,114 Travel ​ 13,356 ​ 447,383 Utilities ​ 112,027 ​ 85,319 Other ​ 1,314,430 ​ 499,834 Development charges ​ 378,010 ​ 360,933 Stock-based compensation ​ 394,717 ​ 171,768 Provision for doubtful debts ​ 161,788 ​ — Total general and administrative expenses ​ $ 6,151,221 ​ $ 7,102,720

INTEREST EXPENSE, NET (Tables_2

INTEREST EXPENSE, NET (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INTEREST EXPENSE, NET
Schedule of company earned interest income and incurred interest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Interest (expense) income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ (74,081) ​ $ 55,649 Total interest (expense) income ​ (74,081) ​ 55,649 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 131,291 Other interest paid – loans ​ 103,357 ​ 455,394 Amortization of debt discount ​ 140,837 ​ 322,947 Total interest expense/ finance costs ​ 375,485 ​ 909,632 Total interest (expense), net ​ $ (449,566) ​ $ (853,983)	​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2020 2019 Interest income ​ ​ ​ ​ ​ ​ Bank and other cash ​ $ 55,649 ​ $ 1,996 Other financial assets – loans ​ — ​ 102,431 Total interest income ​ 55,649 ​ 104,427 Interest expense/finance costs ​ ​ ​ ​ ​ ​ Lease liabilities ​ 131,291 ​ 122,190 Other interest paid – loans ​ 455,394 ​ 266,059 Amortization of debt discount ​ 322,947 ​ 580,049 Total interest expense/ finance costs ​ 909,632 ​ 968,298 Total interest (expense) income, net ​ $ (853,983) ​ $ (863,871)

INCOME TAX EXPENSE (Tables)_2

INCOME TAX EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX EXPENSE
Schedule of provision for income taxes provisions (benefits) and deferred income tax	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current tax: ​ ​ ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ — ​ ​ — ​ — Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ (29,230) ​ 155,603 Decrease in deferred tax liabilities ​ (99,622) ​ (86,358) ​ ​ (128,852) ​ 69,245 (Benefit from) Provision for income taxes, as previously reported ​ $ (128,852) ​ $ 69,245	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 ​ ​ As restated ​ As restated Current tax: ​ ​ ​ ​ Current tax on profits for the year ​ $ — ​ $ 27,265 ​ ​ — ​ 27,265 Deferred income tax: ​ ​ ​ ​ ​ ​ (Increase) decrease in deferred tax assets ​ 155,603 ​ 210,926 Decrease in deferred tax liabilities ​ (86,358) ​ (126,881) ​ ​ 69,245 ​ 84,045 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310
Schedule of reconciliation of income taxes at the statutory rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Income (loss) from continuing operations before provision for income taxes ​ $ (4,618,050) ​ $ (3,123,070) Tax at the Singapore rate of 17% ​ $ (785,069) ​ $ (530,922) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 31,272 ​ 39,478 Current period net operating losses not recognized as a deferred tax asset ​ 743,997 ​ 407,519 Rate differential – non-Singapore entities ​ (55,045) ​ (24,305) Other deferred tax activity ​ ​ (64,007) ​ 177,474 Provision for income taxes ​ $ (128,852) ​ $ 69,245	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 ​ ​ As restated Income (loss) from continuing operations before provision for income taxes ​ $ (3,123,070) ​ $ (1,119,009) Tax at the Singapore rate of 17% ​ $ (530,922) ​ $ (190,232) Reconciling items: ​ ​ ​ ​ ​ ​ Permanent differences ​ 39,478 ​ 91,519 Usage of unrecorded net operating loss deferred tax asset ​ ​ — ​ ​ (316,226) Current period net operating losses not recognized as a deferred tax asset ​ 407,519 ​ 272,204 Rate differential – non-Singapore entities ​ (24,305) ​ 188,728 Reversal of deferred tax liability ​ ​ — ​ ​ — Other deferred tax activity ​ ​ 177,474 ​ 65,317 Provision for income taxes, as restated ​ $ 69,245 ​ $ 111,310

EARNINGS PER SHARE (Tables)_2

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EARNINGS PER SHARE
Summary of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2020 Basic loss per share from continuing operations ​ $ (0.28) ​ $ (0.25) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss ​ $ (4,489,198) ​ $ (3,192,314) Non-controlling Interest ​ (173,959) ​ (75,159) Loss attributable to ordinary shareholders ​ $ (4,663,157) ​ $ (3,117,155) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 16,155,812 ​ 9,742,998 Issued in current year ​ — ​ 6,412,812 Issued at the end of the year ​ 16,155,812 ​ 16,155,812 Weighted average ​ 16,155,812 ​ 12,575,605 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 7,138,140	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 2019 Basic loss per share from continuing operations, as restated ​ $ (0.25) ​ $ (0.14) The calculation of basic and diluted earnings per share has been based on the following loss attributable to ordinary shareholders and the weighted average number of ordinary shares ​ ​ Net Loss, as restated ​ $ (3,192,314) ​ $ (1,230,319) Non-controlling Interest ​ 75,159 ​ — Loss attributable to ordinary shareholders, as restated ​ $ (3,117,155) ​ $ (1,230,319) Weighted average number of ordinary shares: ​ ​ Issued at the beginning of the year ​ 9,742,998 ​ 7,926,570 Issued in current year ​ 6,412,812 ​ 1,816,428 Issued at the end of the year ​ 16,155,812 ​ 9,742,998 Weighted average ​ 12,575,605 ​ 8,492,924 Diluted earnings (loss) per share: ​ ​ There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share ​ ​ ​ ​ ​ ​ Instruments that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted earnings per share because they are antidilutive: ​ ​ ​ ​ ​ ​ Share Options ​ ​ 7,138,140 ​ ​ 377,928

FAIR VALUE INFORMATION (Table_2

FAIR VALUE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE INFORMATION
Summary of financial assets and liabilities by level within the fair value hierarchy	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 1,784,938 ​ $ — ​ $ — ​ $ 1,784,938 Accounts receivable ​ — ​ 1,018,003 ​ — ​ 1,018,003 Other Receivable ​ ​ ​ ​ ​ ​ ​ ​ 66,000 ​ ​ ​ Due from related parties ​ — ​ 44,245 ​ — ​ 44,245 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,069 ​ 29,069 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ Accounts payable ​ — ​ 1,078,381 ​ — ​ 1,078,381 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 151,273 ​ — ​ 151,273 Loans payable, related parties ​ — ​ 425,551 ​ — ​ 425,551 Lease liabilities ​ — ​ 1,330,860 ​ — ​ 1,330,860 Convertible debt obligations, net ​ — ​ 1,274,010 ​ — ​ 1,274,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ ​ — ​ $ 2,273,151 Accounts receivable ​ ​ — ​ ​ 948,341 ​ ​ — ​ ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ ​ 250,000 Loans payable ​ ​ — ​ ​ 223,240 ​ ​ — ​ ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ ​ 1,531,639	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ Cash ​ $ 2,273,151 ​ $ — ​ $ — ​ $ 2,273,151 Accounts receivable ​ — ​ 948,341 ​ — ​ 948,341 Due from related parties ​ — ​ 53,851 ​ — ​ 53,851 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 29,076 ​ 29,076 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 821,820 ​ — ​ 821,820 Derivative liability ​ — ​ 250,000 ​ — ​ 250,000 Loans payable ​ — ​ 223,240 ​ — ​ 223,240 Loans payable, related parties ​ — ​ 589,502 ​ — ​ 589,502 Lease liabilities ​ — ​ 1,853,064 ​ — ​ 1,853,064 Convertible debt obligations, net ​ — ​ 1,531,639 ​ — ​ 1,531,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ Level 1 Level 2 Level 3 Total FINANCIAL ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 3,290,095 ​ $ — ​ ​ — ​ $ 3,290,095 Accounts receivable ​ ​ — ​ ​ 1,263,849 ​ ​ — ​ ​ 1,263,849 Due from related parties ​ — ​ 67,310 ​ — ​ ​ 97,310 Financial assets at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at fair value ​ — ​ — ​ 28,526 ​ ​ 28,526 FINANCIAL LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at amortized cost ​ ​ ​ ​ ​ ​ Accounts payable ​ — ​ 486,871 ​ — ​ ​ 486,871 Loans payable ​ ​ — ​ ​ 1,281,888 ​ ​ — ​ ​ 1,281,888 Loans payable, related parties ​ — ​ 832,800 ​ — ​ ​ 832,800 Lease liabilities ​ — ​ 2,273,739 ​ — ​ ​ 2,273,739 Convertible debt obligations, net ​ — ​ 1,918,340 ​ — ​ ​ 1,918,340

RELATED PARTIES (Tables)_2

RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Summary of relationships of related parties	​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik	​ Relationships ​ Members of key management ​ Roger James Hamilton ​ ​ Dennis Owen Du Bois ​ ​ Sandra Lee Morrell ​ ​ Vilma Lisa Bovio ​ ​ Jeremy Justin Harris ​ ​ MI Senne ​ ​ Suraj Naik

KEY MANAGEMENT COMPENSATION (_2

KEY MANAGEMENT COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
KEY MANAGEMENT COMPENSATION
Summary of compensation awarded to or earned by our executive officers and compensation earned for service on our Board of Directors by our non-employee directors	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 593,195 ​ $ 28,310 ​ $ 621,505 ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 Michelle Clarke Chief Marketing Officer ​ 110,846 ​ 4,067 ​ 114,913 ​ 83,235 ​ 18,553 ​ 101,788 Suraj Naik Chief Technology Officer ​ 88,682 ​ 3,921 ​ 92,603 ​ 67,719 ​ 13,274 ​ 80,993 Sandra Morrell Chief Operating Officer ​ 40,172 ​ 6,748 ​ 46,920 ​ 151,439 ​ 30,284 ​ 181,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2021 ​ 2020 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,889 ​ ​ — ​ $ 8,889 ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 Nic Lim Director ​ 8,889 ​ — ​ 8,889 ​ 6,964 ​ 36,614 ​ 43,578 Anna Gong Director ​ 8,889 ​ — ​ 8,889 ​ 8,705 ​ 34,870 ​ 43,575 Jeremy Harris Director ​ 67,548 ​ 594 ​ 68,142 ​ 39,652 ​ 8,578 ​ 48,230 Dennis DuBois Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992 Lisa Bovio Director ​ 24,000 ​ — ​ 24,000 ​ 20,400 ​ 3,592 ​ 23,992	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Roger James Hamilton ​ Chief Executive Officer ​ $ 463,235 ​ $ 103,223 ​ $ 566,458 ​ $ 432,411 ​ $ 60,007 ​ $ 492,418 Michelle Clarke Chief Marketing Officer ​ 83,235 ​ 18,553 ​ 101,788 ​ 93,746 ​ 15,870 ​ 109,616 Suraj Naik Chief Technology Officer ​ 67,719 ​ 13,274 ​ 80,993 ​ 75,701 ​ 11,588 ​ 82,289 Sandra Morrell Chief Operating Officer ​ 151,439 ​ 30,284 ​ 181,723 ​ 165,947 ​ 20,150 ​ 186,097 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ ​ ​ 2020 ​ 2019 Name of the Director Job Title Salary Stock-based Total Salary Stock-based Total Patrick Grove ​ Director ​ $ 8,705 ​ $ 34,870 ​ $ 43,575 ​ $ — ​ $ — ​ $ — Nic Lim Director ​ 6,964 ​ 36,614 ​ 43,578 ​ 5,882 ​ — ​ 5,882 Anna Gong Director ​ 8,705 ​ 34,870 ​ 43,575 ​ 5,882 ​ — ​ 5,882 Jeremy Harris Director ​ 39,652 ​ 8,578 ​ 48,230 ​ 50,688 ​ — ​ 50,688 Dennis DuBois Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000 Lisa Bovio Director ​ 20,400 ​ 3,592 ​ 23,992 ​ 24,000 ​ — ​ 24,000

SEGMENT REPORTING (Tables)_2

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SEGMENT REPORTING
Summary of detailed segment information	The detailed segment information of the Company is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Periods Ended December. 31 ​ ​ 2021 2020 ​ Education Campus Total Education Campus Total Revenues ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 Depreciation and Amortization (1)(2) ​ $ 426,740 ​ $ 1,148,173 ​ $ 1,574,913 ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 (Loss) income from Operations ​ $ (2,153,975) ​ $ (2,014,508) ​ $ (4,168,484) ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) Net Profit or Loss ​ $ (2,252,794) ​ $ (2,365,255) ​ $ (4,618,050) ​ $ (53,722) ​ $ (3,069,347) ​ $ (3,123,069) Interest Expense, net ​ $ 98,819 ​ $ 350,747 ​ $ 449,566 ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 Capital Expenditures ​ $ — ​ ​ — ​ $ — ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 Total Property and Equipment, net ​ $ 15,442 ​ $ 6,760,674 ​ $ 6,776,116 ​ $ 10,881 ​ $ 7,586,109 $ 7,596,990 Total Assets ​ $ 5,122,967 ​ $ 12,472,440 ​ $ 17,595,407 ​ $ 3,336,242 ​ $ 13,621,471 $ 16,957,713 Total Liabilities ​ $ 3,589,315 ​ $ 6,020,096 ​ $ 9,609,411 ​ $ 5,852,323 ​ $ 3,399,301 $ 9,251,624 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment Consists of $1,109,309 (2020- $937,773 ) which is included in cost of revenue and $38,864 (2020- $47,537 ) which is included in operating expenses in the accompanying statements of operations.	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 2019 ​ Education Campus Total Education Campus Total Revenues ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,061 ​ $ 4,431,996 ​ $ 9,949,057 Depreciation and Amortization, as restated (1)(2) ​ $ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as restated ​ $ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss) income as restated ​ $ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as restated ​ $ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 $ 7,399,412 Total Assets, as restated ​ $ 3,336,242 ​ $ 13,621,471 ​ $ 16,957,713 ​ $ 3,523,344 ​ $ 14,036,804 $ 17,560,148 Total Liabilities, as restated ​ $ 5,852,323 ​ $ 3,399,301 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 $ 12,229,451 (1) Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. (2) Depreciation and amortization related to the Campus segment consists of $913,492 (2019- $937,773 ) which is included in cost of revenue and $40,906 (2019- $47,537 ) which is included in operating expenses in the accompanying statements of operations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Revenues $ 5,618,210 $ 2,015,566 $ 7,633,776 $ 5,517,061 $ 4,431,996 $ 9,949,057 Depreciation and Amortization, as previously reported ​ ​ 914,195 ​ $ 1,226,131 ​ $ 2,140,326 ​ $ 373,465 ​ $ 985,310 ​ $ 1,358,775 Adjustments (Note 4)(1) ​ ​ (298,000) ​ ​ (271,733) ​ ​ (569,733) ​ ​ (96,667) ​ ​ — ​ ​ (96,667) Depreciation and Amortization, as restated ​ ​ 616,195 ​ $ 954,398 ​ $ 1,570,593 ​ ​ 276,798 ​ $ 985,310 ​ $ 1,262,108 (Loss) income from Operations, as previously reported ​ ​ 8,710 ​ $ (3,259,292) ​ $ (3,250,582) ​ $ (1,302,451) ​ $ 166,911 ​ $ (1,135,540) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 (Loss) income from Operations, as restated ​ ​ 306,710 ​ $ (2,987,559) ​ $ (2,680,849) ​ $ (1,205,784) ​ $ 166,911 ​ ​ (1,038,873) Net (Loss), as previously reported ​ $ (135,636) ​ $ (3,341,080) ​ $ (3,476,716) ​ $ (1,286,019) ​ ​ (24,534) ​ $ (1,310,553) Adjustments (Note 4) ​ ​ 298,000 ​ ​ 271,733 ​ ​ 569,733 ​ ​ 96,667 ​ ​ — ​ ​ 96,667 Adjustments (Note 4 - income tax) ​ ​ (229,973) ​ ​ (55,358) ​ ​ (285,331) ​ ​ (16,433) ​ ​ — ​ ​ (16,433) Net (Loss), as restated ​ ​ (67,609) ​ $ (3,124,705) ​ $ (3,192,314) ​ $ (1,205,785) ​ $ (24,534) ​ $ (1,230,319) Interest Expense, net ​ $ 107,833 ​ $ 746,150 ​ $ 853,983 ​ $ — ​ $ 863,871 ​ $ 863,871 Capital Expenditures ​ $ 437,764 ​ $ 233,823 ​ $ 671,587 ​ $ 423,959 ​ $ 636,165 ​ $ 1,060,124 Total Property and Equipment, net, as previously reported ​ ​ 10,881 ​ $ 7,239,965 ​ $ 7,250,846 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Adjustments (Note 4) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Total Property and Equipment, net, as restated ​ ​ 10,881 ​ $ 7,586,109 ​ $ 7,596,990 ​ $ 11,519 ​ $ 7,387,893 ​ $ 7,399,412 Total Assets, as previously reported ​ $ 12,030,161 ​ $ 41,755,288 ​ $ 53,785,449 ​ $ 12,422,243 ​ $ 19,160,141 ​ $ 31,582,385 Adjustments (Note 4 - Property and equipment) ​ ​ — ​ ​ 346,144 ​ ​ 346,144 ​ ​ — ​ ​ — ​ ​ — Adjustments (Note 4 - Goodwill) ​ ​ (3,655,567) ​ ​ (14,110,257) ​ ​ (17,765,824) ​ ​ (3,655,567) ​ ​ (5,123,337) ​ ​ (8,778,904) Adjustments (Note 4 - Intangible assets) ​ ​ (4,945,333) ​ ​ (14,697,982) ​ ​ (19,643,315) ​ ​ (5,243,333) ​ ​ — ​ ​ (5,243,333) Adjustments (Foreign currency translation) ​ ​ — ​ ​ 235,259 ​ ​ 235,259 ​ ​ — ​ ​ — ​ ​ — Total Assets, as restated ​ $ 3,429,261 ​ $ 13,528,452 ​ $ 16,957,713 ​ $ 3,523,343 ​ $ 14,036,804 ​ $ 17,560,147 Total Liabilities, as previously reported ​ $ 5,673,010 ​ $ 6,870,135 ​ $ 12,543,145 ​ $ 4,468,709 ​ $ 8,341,876 ​ $ 12,810,585 Adjustments (Note 4 - deferred tax liability) ​ ​ 229,973 ​ (3,521,494) ​ ​ (3,291,521) ​ ​ — ​ ​ (581,134) ​ ​ (581,134) Total Liabilities, as restated ​ $ 5,902,983 ​ $ 3,348,641 ​ $ 9,251,624 ​ $ 4,468,709 ​ $ 7,760,742 ​ $ 12,229,451 (1) Depreciation and amortization adjustments are adjusted to cost of revenue in the accompanying statements of operations.
Summary of revenue and non-current assets (other than financial instruments) by geographic location	A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 3,630,760 ​ $ 1,554,828 ​ $ 5,185,588 ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 Asia / Pacific ​ 3,346,691 ​ 1,547,382 ​ 4,894,073 ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 North America / South America ​ 2,698,601 ​ — ​ 2,698,601 ​ 1,595,331 ​ — ​ 1,595,331 ​ ​ $ 9,676,052 ​ $ 3,102,210 ​ $ 12,778,262 ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 602 ​ $ 8,476,791 ​ ​ 8,477,393 ​ $ 802 ​ $ 503,853 ​ $ 504,655 Asia / Pacific ​ — ​ 2,120,102 ​ 2,120,102 ​ 499,772 ​ 10,500,388 ​ 11,000,159 North America / South America ​ 501,750 ​ — ​ 501,750 ​ 516,296 ​ — ​ 516,296 ​ ​ $ 502,352 ​ $ 10,596,893 ​ ​ 11,099,245 ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110	A summary of revenue by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 2,068,037 ​ $ 1,010,699 ​ $ 3,078,736 ​ $ 1,818,859 ​ $ 1,951,769 ​ $ 3,770,628 Asia / Pacific ​ 1,954,842 ​ 1,004,867 ​ 2,959,709 ​ 2,108,503 ​ 2,480,027 ​ 4,588,530 North America / South America ​ 1,595,331 ​ — ​ 1,595,331 ​ 1,589,899 ​ — ​ 1,589,899 ​ ​ $ 5,618,210 ​ $ 2,015,566 ​ $ 7,633,776 ​ $ 5,517,261 ​ $ 4,431,796 ​ $ 9,949,057 ​ A summary of non-current assets (other than financial instruments) by geographic location appears below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ As restated ​ As restated ​ Education Campus Total Education Campus Total Europe / Middle East / Africa ​ $ 802 ​ $ 503,853 ​ $ 504,655 ​ $ — ​ $ 7,786,240 ​ $ 7,786,240 Asia / Pacific ​ 499,772 ​ 10,500,387 ​ 11,000,159 ​ 962,424 ​ 3,005,679 ​ 3,968,103 North America / South America ​ 516,296 ​ — ​ 516,296 ​ — ​ — ​ — ​ ​ $ 1,016,870 ​ $ 11,004,240 ​ $ 12,021,110 ​ $ 962,424 ​ $ 10,791,919 ​ $ 11,754,343

RESTATEMENT OF THE PREVIOUSLY_2

RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS
Schedule of restatement of the previously issued audited consolidated financial statements	​ ​ As previously ​ ​ ​ ​ ​ reported ​ Adjustments ​ Restated ​ ​ $ $ $ Statement of financial position ​ ​ ​ As of December 31, 2020 ​ Property and equipment ​ 7,250,846 346,144 7,596,990 Goodwill ​ 18,647,498 (17,437,545) 1,209,953 Intangible assets ​ 20,741,249 (19,736,335) 1,004,914 Total Assets ​ 53,785,449 (36,827,736) 16,957,713 Deferred tax liability ​ 4,166,946 (3,291,521) 875,425 Total Liabilities ​ 12,543,145 (3,291,521) 9,251,624 Reserves ​ 1,788,051 (33,900,850) (32,112,799) Accumulated deficit ​ (9,526,614) 358,766 (9,167,848) Capital and reserves attributable to owners of Genius Group Ltd ​ 40,991,019 (33,542,084) 7,448,935 Non-controlling interest ​ 251,285 5,869 257,154 Total Stockholder’s Equity. ​ 41,242,304 (33,536,215) 7,706,089 Total Liabilities and Stockholder’s Equity ​ 53,785,449 (36,827,736) 16,957,713 As of December 31, 2019 ​ Goodwill ​ 9,988,857 (8,778,904) 1,209,953 Intangible assets. ​ 6,165,712 (5,243,333) 922,379 Total assets ​ 31,582,385 (14,022,237) 17,560,148 Deferred tax liability ​ 1,317,779 (581,134) 736,645 Total liabilities ​ 12,810,585 (581,134) 12,229,451 Reserves ​ (323,067) (13,521,337) (13,844,404) Accumulated deficit ​ (6,130,926) 80,234 (6,050,692) Capital and reserves attributable to owners of Genius Group Ltd ​ 18,771,800 (13,441,103) 5,330,697 Total Stockholder’s Equity ​ 18,771,800 (13,441,103) 5,330,697 Total Liabilities and Stockholder’s Equity ​ 31,582,385 (14,022,237) 17,560,148 Statement of profit or loss and other comprehensive income ​ For the year ended December 31, 2020 ​ Cost of Revenue ​ (4,703,841) 569,733 (4,134,108) Gross profit ​ 2,929,935 569,733 3,499,668 Loss from Operations ​ (3,250,582) 569,733 (2,680,849) Loss Before Income Tax ​ (3,692,802) 569,733 (3,123,069) Income tax benefit (expense) ​ 216,086 (285,331) (69,245) Net (loss) ​ (3,476,716) 284,402 (3,192,314) Non-controlling interest ​ (63,065) 5,869 (57,196) Total Comprehensive (loss) ​ (1,347,635) 284,402 (1,063,233) Basic and diluted earnings (loss) per share from continuing operations ​ (0.27) 0.02 (0.25) For the year ended December 31, 2019 ​ Cost of Revenue ​ (5,120,969) 96,667 (5,024,302) Gross profit ​ 4,828,088 96,667 4,924,755 Loss from Operations ​ (1,135,540) 96,667 (1,038,873) Loss Before Income Tax (1,215,676) 96,667 (1,119,009) Income tax benefit (expense) (94,877) (16,433) (111,310) Net (loss) (1,310,553) 80,234 (1,230,319) Total Comprehensive Income (loss) (1,618,725) 80,234 (1,538,491) Basic and diluted earnings (loss) per share from continuing operations. (0.15) 0.01 (0.14) Statement of changes in equity For the year ended December 31, 2020 Non-controlling interest. 251,285 5,869 257,154 Reserves 1,788,051 (33,900,850) (32,112,799) Accumulated losses (9,526,614) 358,766 (9,167,848) Total Equity 41,242,304 (33,536,215) 7,706,089 For the year ended December 31, 2019 Reserves. (323,067) (13,521,337) (13,844,404) Accumulated deficit (6,130,926) 80,234 (6,050,692) Total Equity 18,771,800 (13,441,103) 5,330,697 Statement of cash flows For the year ended December 31, 2020 Net loss (3,476,716) 284,402 (3,192,314) Amortization of deferred tax liability (166,396) 97,588 (68,808) Deferred tax liability (49,691) 187,743 138,052 Depreciation and amortization 2,140,326 (569,733) 1,570,593 Total adjustments to reconcile net loss to net cash used in operating activities. 1,349,503 (284,402) 1,065,101 For the year ended December 31, 2019 Net loss before income tax (1,310,553) 80,234 (1,230,319) Amortization of deferred tax liability (16,433) 16,433 — Depreciation and amortization 1,358,775 (96,667) 1,262,108 Total adjustments to reconcile net loss to net cash used in operating activities 24,913 (80,234) (55,321)

BUSINESS ORGANIZATION AND NAT_4

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Decrease in operating expenses	$ 740,000	$ 740,000
Government Job Support Scheme	230,000	230,000
Amount of insurance support received	100,000	100,000
Amount of reduced or deferred salaries	$ 290,000	$ 290,000
Percentage of general cost reduction	5%	5%
Amount of general cost of reduction on operating expenses	$ 350,000	$ 350,000
Income from government grants	499,300
Genius Central Singapore Pte Ltd
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	100,000	100,000
Rent waiver	120,000	120,000
Wealth Dynamics Pte Ltd
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	20,000	20,000
Matla Game Lodge
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of insurance support received	20,000	20,000
Genius Group
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	20,000	20,000
Income from government grants	490,300
Entrepreneur Resorts
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	60,000	60,000
Tau Game Lodge
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Government Job Support Scheme	110,000	110,000
Amount of insurance support received	80,000	80,000
Amount of reduced or deferred salaries	50,000	50,000
GeniusU
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS
Amount of reduced or deferred salaries	$ 160,000	$ 160,000

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment-2 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	20 years	20 years
Plant and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Fixtures and fittings
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Motor vehicle
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Spa Equipment, Curtains, Crockery, Glassware and Linen [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Construction in progress [member]
Disclosure of detailed information about property, plant and equipment [line items]
Construction in progress	$ 0	$ 0	$ 825,307
Depreciation expense	$ 0	$ 0
Maximum | IT Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	5 years	5 years
Maximum | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	8 years	8 years
Minimum | IT Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	3 years	3 years
Minimum | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful life measured as period of time, property, plant and equipment	2 years	2 years

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Development costs
Intangible assets
Useful life (in years)	5 years	5 years
Developed content
Intangible assets
Useful life (in years)		10 years
Customer relationships
Intangible assets
Useful life (in years)		7 years

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Impairment of Long-Lived Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Impairment loss	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue from contracts with customers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred revenue for remaining unsatisfied performance obligations	$ 2,561,912	$ 1,546,712	$ 3,231,431
Amount of recognized revenue that was included in the deferred revenue balance at the beginning of the period	$ 758,794	$ 2,905,691	$ 2,155,612

BUSINESS COMBINATIONS - Genius

BUSINESS COMBINATIONS - Genius Group's Acquisition of Entrepreneurs Institute (Details) £ in Millions			12 Months Ended
		Aug. 22, 2019 USD ($)	Dec. 31, 2019 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)	Aug. 30, 2019 USD ($)
BUSINESS COMBINATIONS
Purchase consideration				$ 4,700,000	£ 3.6
Bargain purchase gain	[1]		$ 1,060,794
Entrepreneurs Institute
BUSINESS COMBINATIONS
Voting interest acquired (in percent)						100%
Purchase consideration						$ 8,000,000
Ordinary shares issued						6,400,000
Cash						800,000
Non-interest bearing note payable to the seller						800,000
Non-interest bearing note payable to the seller on first anniversary						400,000
Non-interest bearing note payable to the seller on second anniversary						$ 400,000
Matla Game Lodge
BUSINESS COMBINATIONS
Voting interest acquired (in percent)		100%
Purchase consideration		$ 1
Bargain purchase gain		$ 1,060,795
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

BUSINESS COMBINATIONS - Entrepr

BUSINESS COMBINATIONS - Entrepreneur Resorts' Acquisition of Matla Game Lodge (Details) - USD ($)		12 Months Ended
	Jul. 17, 2020	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2021	Aug. 30, 2019	Dec. 31, 2018
Less: Acquired liabilities
Intangible assets other than goodwill		$ 1,004,914	[1]	$ 922,379	[1]	$ 1,394,969
Goodwill		1,209,953	[1]	1,209,953	[1]	1,320,100		$ 1,209,953
Deferred tax liability		875,425	[1]	736,645	[1]	$ 723,122
Difference between the purchase consideration and the total of net assets acquired	$ 25,190,856
Previously stated
Less: Acquired liabilities
Intangible assets other than goodwill		20,741,249		6,165,712
Goodwill		18,647,498		9,988,857
Deferred tax liability		4,166,946		1,317,779
Adjustments
Less: Acquired liabilities
Intangible assets other than goodwill		(19,736,335)		(5,243,333)
Goodwill		(17,437,545)		(8,778,904)
Deferred tax liability		(3,291,521)		(581,134)
Entrepreneurs Institute
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents							$ 159,000
Total acquired assets							2,450,000
Less: Acquired liabilities
Accounts payable							$ 566,000
Difference between the purchase consideration and the total of net assets acquired		8,398,000
Entrepreneurs Institute | Adjustments
Less: Acquired liabilities
Goodwill		3,655,567
Deferred tax liability		597,567
Entrepreneurs Institute | Adjustments | Trade names and trademarks
Less: Acquired liabilities
Intangible assets other than goodwill		2,530,000
Entrepreneurs Institute | Adjustments | Developed content
Less: Acquired liabilities
Intangible assets other than goodwill		2,460,000
Entrepreneurs Institute | Adjustments | Customer relationships
Less: Acquired liabilities
Intangible assets other than goodwill		350,000
Matla Game Lodge
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		14,759
Buildings		975,008
Right of use asset		166,925
Other property and equipment		290,865
Other assets		9,888
Total acquired assets		1,457,445
Less: Acquired liabilities
Accounts payable		8,499
Lease liability		(166,925)
Deferred tax liability		218,402
Other liabilities		(2,824)
Net assets		1,060,795
Revenue				110,000
Loss				$ 170,000
Entrepreneur Resorts Limited [Member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	1,376,396	1,376,396
Total acquired assets	12,230,521	12,230,521
Less: Acquired liabilities
Accounts payable	56,490	56,490
Deferred tax liability	607,270	607,270
Net assets	$ 5,937,581	5,937,581
Goodwill		1,209,953
Deferred tax liability		607,270
Difference between the purchase consideration and the total of net assets acquired		25,190,856
Entrepreneur Resorts Limited [Member] | Previously stated
Less: Acquired liabilities
Goodwill		14,991,931
Deferred tax liability		3,602,988
Entrepreneur Resorts Limited [Member] | Adjustments | Trademarks , Trade Names and Domain Names
Less: Acquired liabilities
Intangible assets other than goodwill		9,919,269
Entrepreneur Resorts Limited [Member] | Adjustments | Developed content
Less: Acquired liabilities
Intangible assets other than goodwill		3,769,322
Entrepreneur Resorts Limited [Member] | Adjustments | Computer Software
Less: Acquired liabilities
Intangible assets other than goodwill		$ 1,290,000
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

BUSINESS COMBINATIONS - Book va

BUSINESS COMBINATIONS - Book value of the assets and liabilities (Details) £ in Millions	Dec. 31, 2020 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)	Jul. 17, 2020 USD ($)	Aug. 30, 2019 USD ($)
BUSINESS COMBINATIONS
Purchase consideration		$ 4,700,000	£ 3.6
Entrepreneur Resorts
BUSINESS COMBINATIONS
Voting interest acquired (in percent)	97.80%			97.80%
Purchase consideration	$ 30,997,810			$ 30,997,810
Consideration made up of shares	30,997,810			30,997,810
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition
Cash and cash equivalents	1,376,396			1,376,396
Accounts receivable, net	196,434			196,434
Due from related parties	3,171			3,171
Inventories	157,927			157,927
Prepaid expenses and other current assets	613,164			613,164
Property and equipment, net	6,865,544			6,865,544
Operating lease right-of-use asset	1,740,083			1,740,083
Other intangible assets	67,849			67,849
Goodwill	1,209,953			1,209,953
Total acquired assets	12,230,521			12,230,521
Less: Acquired liabilities
Less: Acquired liabilities Accounts payable	(56,490)			(56,490)
Accrued expenses and other current liabilities	1,013,665			1,013,665
Deferred revenue	564,215			564,215
Operating lease liabilities - current portion	519,740			519,740
Deferred tax liability	(607,270)			(607,270)
Operating lease liabilities - non-current portion	1,311,110			1,311,110
Loans payable - non-current portion	1,000,000			1,000,000
Convertible debt obligations	1,220,450			1,220,450
Total acquired liabilities	6,292,940			6,292,940
Net assets	5,937,581			5,937,581
Net assets acquired - 97.8% controlling interest	$ 5,806,954			$ 5,806,954
Entrepreneurs Institute
BUSINESS COMBINATIONS
Voting interest acquired (in percent)					100%
Purchase consideration					$ 8,000,000
Consideration made up of shares					6,400,000
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition
Cash and cash equivalents					159,000
Accounts receivable, net					984,000
Due from related parties					830,000
Prepaid expenses and other current assets					468,000
Other intangible assets					9,000
Total acquired assets					2,450,000
Less: Acquired liabilities
Less: Acquired liabilities Accounts payable					(566,000)
Accrued expenses and other current liabilities					(58,000)
Deferred revenue					(2,224,000)
Net assets acquired - 97.8% controlling interest					$ (398,000)

BUSINESS COMBINATIONS - Additio

BUSINESS COMBINATIONS - Additional Information (Details) £ in Millions		12 Months Ended
	Jul. 17, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)		Dec. 31, 2019 USD ($)	[1]	Dec. 31, 2017 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)
Disclosure of detailed information about business combination [line items]
Difference between the purchase consideration and the total of net assets acquired	$ 25,190,856
Foreign currency translation adjustment		$ 230,081	$ 2,129,081	[1]	$ (308,172)
Purchase consideration								$ 4,700,000	£ 3.6
Entrepreneur Resorts Limited [Member]
Disclosure of detailed information about business combination [line items]
Contributed capital prior to business combination			13,199,436
Entrepreneur Resorts Limited [Member]
Disclosure of detailed information about business combination [line items]
Difference between the purchase consideration and the total of net assets acquired			$ 25,190,856
Voting interest acquired (in percent)	97.80%		97.80%
Loss Arising from Business Combination, Remaining Amount			$ 20,067,519
Foreign currency translation adjustment			311,994
Difference between the purchase consideration and the total of net assets acquired, net foreign currency translation adjustments			20,379,513
Purchase consideration	$ 30,997,810		30,997,810
Ordinary shares issued excluding capital contribution			17,798,374
Ordinary shares issued	$ 30,997,810		30,997,810
Entrepreneur Resorts pte ltd | Entrepreneur Resorts Limited [Member]
Disclosure of detailed information about business combination [line items]
Difference between the purchase consideration and the total of net assets acquired			$ 5,123,337				$ 5,123,337
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INVENTORIES (Details)_2

INVENTORIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
INVENTORIES
Food and beverage	$ 38,500	$ 42,694		$ 47,224
Merchandise	51,777	59,943		65,098
Consumables	2,253	9,906		7,194
Total inventories	$ 92,530	$ 112,543	[1]	$ 119,516	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PREPAID EXPENSES AND OTHER CU_6

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses	$ 3,349,990	$ 1,305,088		$ 832,280
Deposits	59,925	226,189		223,718
Other receivables	80,531	17,440		9,037
Total	$ 3,490,446	$ 1,548,717	[1]	$ 1,065,035	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PROPERTY AND EQUIPMENT - Prop_2

PROPERTY AND EQUIPMENT - Property and equipment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	$ 6,776,116	$ 7,596,990	[1]	$ 7,399,412	[1]	$ 6,261,425
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	11,554,308	11,733,570		10,833,494
Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(4,768,192)	(4,136,580)		(3,434,082)
Office space
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,486,718	1,486,718		1,486,718		1,486,453
Office space | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,486,718	1,486,718		1,486,718
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	3,412,156	3,950,627		3,430,545		3,448,091
Buildings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,401,241	4,625,408		3,774,580
Buildings | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(989,085)	(674,781)		(344,035)
Leasehold property.
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	1,490,813	1,655,127		1,018,894
Leasehold property. | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,261,623	4,251,845		3,373,869
Leasehold property. | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(2,770,810)	(2,596,718)		(2,354,975)
Plant and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	49,642	84,684		95,919		13,390
Plant and machinery | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	136,692	164,137		167,428
Plant and machinery | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(87,050)	(79,453)		(71,509)
Fixtures and fittings
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	207,488	189,373		231,452		239,759
Fixtures and fittings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	537,964	466,277		450,618
Fixtures and fittings | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(330,476)	(276,904)		(219,166)
Motor vehicle
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	38,516	93,326		135,850
Motor vehicle | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	320,103	341,906		356,094
Motor vehicle | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(281,587)	(248,580)		(220,244)
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	6,759	10,435		12,791		1,359
Office equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	26,287	23,599		23,700
Office equipment | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(19,528)	(13,164)		(10,909)
IT equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	25,516	32,990		42,440
IT equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	113,790	113,790		113,630
IT equipment | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(88,274)	(80,800)		(71,190)
Computer Software | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	4,456	4,456		4,456
Computer Software | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	(4,456)	(4,456)		(4,456)
Construction in progress [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net				825,307
Construction in progress [member] | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net				825,307
Spa equipment, curtains, crockery, glassware and linen
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	58,508	93,710		119,496		$ 130,301
Spa equipment, curtains, crockery, glassware and linen | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	255,434	255,434		257,094
Spa equipment, curtains, crockery, glassware and linen | Accumulated Depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, net	$ (196,926)	$ (161,724)		$ (137,598)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

PROPERTY AND EQUIPMENT - Reco_2

PROPERTY AND EQUIPMENT - Reconciliation of property and equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	$ 7,596,990	[1]	$ 7,399,412	[1]	$ 6,261,425
Additions	77,797		588,843		1,902,038
Disposals			(25,236)		(3,545)
Translation	(258,186)		336,510
Depreciation	(640,485)		(702,539)		(760,506)
Closing Balance	6,776,116		7,596,990	[1]	7,399,412	[1]
Office space
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	1,486,718		1,486,718		1,486,453
Additions					265
Closing Balance	1,486,718		1,486,718		1,486,718
Buildings
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	3,950,627		3,430,545		3,448,091
Additions			490,961		147,815
Translation	(215,291)		359,867
Depreciation	(323,180)		(330,746)		(165,361)
Closing Balance	3,412,156		3,950,627		3,430,545
Leasehold property
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	1,655,129		1,018,894		832,002
Additions			54,250		706,146
Translation	9,777		(1,579)
Reclass			825,307
Depreciation	(174,093)		(241,743)		(519,254)
Closing Balance	1,490,813		1,655,129		1,018,894
Plant and machinery
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	84,684		95,919		13,390
Additions	9,981				93,074
Disposals					(3,309)
Translation	(37,427)		(3,291)
Depreciation	(7,597)		(7,944)		(7,236)
Closing Balance	49,642		84,684		95,919
Fixtures and fittings
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	189,373		231,452		239,759
Additions	65,128		39,739		14,372
Disposals			(24,033)
Translation	6,558
Depreciation	(53,570)		(57,785)		(22,679)
Closing Balance	207,488		189,373		231,452
Motor vehicles.
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,325
Translation	(21,803)
Depreciation	(33,006)
Closing Balance	38,516		93,325
Motor vehicles
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,780		135,850		74,055
Additions					70,791
Translation			(13,734)
Depreciation			(28,336)		(8,996)
Closing Balance			93,780		135,850
Office equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	10,435		12,791		1,359
Additions	2,688		3,893		16,658
Disposals			(1,203)		(214)
Translation			(2,751)
Depreciation	(6,364)		(2,295)		(5,012)
Closing Balance	6,759		10,435		12,791
IT equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	32,990		42,440
Translation			(341)
Depreciation	(7,473)		(9,564)
Closing Balance	25,516		32,990		42,440
IT Equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	32,535		42,440		36,015
Additions					18,682
Translation			(341)
Depreciation			(9,564)		(12,257)
Closing Balance			32,535		42,440
Construction in progress
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance			825,307
Additions					825,307
Reclass			(825,307)
Closing Balance					825,307
Spa equipment, curtains, crockery, glassware and linen
Reconciliation of changes in property, plant and equipment [abstract]
Opening Balance	93,710		119,496		130,301
Additions					8,928
Disposals					(22)
Translation			(1,661)
Depreciation	(35,202)		(24,126)		(19,711)
Closing Balance	$ 58,508		$ 93,710		$ 119,496
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

RIGHT OF USE ASSET AND LEASE _7

RIGHT OF USE ASSET AND LEASE LIABILITY- Carrying amounts of right-of-use assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	$ (1,077,241)	$ (1,663,881)	[1]	$ (2,194,073)	[1]
Depreciation of right-of-use assets	507,688	491,185		235,061
Foreign Currency Translation [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(117,959)	(39,007)
Accumulated Depreciation
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	1,233,934	726,246		235,061
Buildings
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(1,378,312)	(1,378,312)		(1,378,312)
Office space
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	(58,412)	(58,412)		(58,412)
Leasehold property
Disclosure of quantitative information about right-of-use assets [line items]
Operating lease right-of-use asset	$ (992,410)	$ (992,410)		$ (992,410)
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

RIGHT OF USE ASSET AND LEASE _8

RIGHT OF USE ASSET AND LEASE LIABILITY - maturity analysis of lease liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 9,742,509	$ 11,129,307		$ 17,293,970
Less: finance charges component	(8,411,649)	(9,276,243)		(15,020,231)
Lease liabilities, net	1,330,860	1,853,064		2,273,739
Lease liabilities, current	436,271	545,132	[1]	544,551	[1]
Lease liabilities, non-current	$ 894,589	$ 1,307,932	[1]	1,729,188	[1]
Weighted average discount rate utilized to calculate the present value of the lease liabilities	11.25%	11.25%
Within one year
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 436,270	$ 545,132		544,551
Two to five years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	298,594	660,034		1,214,787
Thereafter
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Lease liabilities, gross	$ 9,007,645	$ 9,924,141		$ 15,534,632
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INVESTMENTS AT FAIR VALUE - S_2

INVESTMENTS AT FAIR VALUE - Summary of investments at fair value (Details) - USD ($)	Sep. 11, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		$ 29,069	$ 29,076	$ 28,526
Percentage of interest purchase from investment company	2.50%
Investments in You Go World
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		28,698	28,698	28,155
Other investments
Disclosure of detailed information about investment property [line items]
Investments at fair value, Total		$ 371	$ 378	$ 371

GOODWILL (Details)_2

GOODWILL (Details)	12 Months Ended
	Dec. 31, 2020 USD ($)
Changes in goodwill
Balance at the beginning	$ 1,209,953	[1]
Additions - foreign currency translation	110,147
Balance at the end	$ 1,209,953	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INTANGIBLE ASSETS - Summary o_2

INTANGIBLE ASSETS - Summary of reconciliation of intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Depreciation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	$ (1,015,502)	$ (640,814)	$ (358,067)
Amortization Expense	(424,080)	(359,822)	(268,499)
Foreign Currency Translation	9,821	(14,866)	(14,248)
Ending balance	(1,429,761)	(1,015,502)	(640,814)
Net Carrying Amount
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	1,004,914	922,379	745,638
Software Development Additions	804,314	424,530	423,959
Purchase of intangibles		13,234
Amortization Expense	(424,080)	(359,822)	(268,499)
Foreign Currency Translation	9,821	4,593	21,281
Ending balance	1,394,969	1,004,914	922,379
GeniusU software platform
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	2,007,182	1,563,193	1,103,705
Software Development Additions	804,314	424,530	423,959
Foreign Currency Translation		19,459	35,529
Ending balance	2,811,496	2,007,182	$ 1,563,193
Trademarks
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	13,234
Purchase of intangibles		13,234
Ending balance	$ 13,234	$ 13,234

INTANGIBLE ASSETS - Additiona_2

INTANGIBLE ASSETS - Additional Informations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cost of sales [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortization of intangible assets	$ 424,080	$ 359,822	$ 268,499

DEFERRED TAX ASSETS AND LIABI_7

DEFERRED TAX ASSETS AND LIABILITIES - Summary of deferred tax assets and (liabilities) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Recognized In Provision for Income Taxes
Property, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	$ (979,612)	(1,005,005)	$ (853,231)
Recognized In Business Combinations		(69,537)	(218,402)
Recognized In Provision for Income Taxes	96,537	94,930	66,628
Ending Balance	(883,075)	(979,612)	(1,005,005)
Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(8,431)
Recognized In Provision for Income Taxes	8,431	(8,431)
Ending Balance		(8,431)
Non current assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(988,043)	(1,005,005)	(853,231)
Recognized In Business Combinations		(69,537)	(218,402)
Recognized In Provision for Income Taxes	104,968	86,499	66,628
Ending Balance	(883,075)	(988,043)	(1,005,005)
Receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(11,849)	(11,709)
Recognized In Provision for Income Taxes		(140)
Ending Balance		(11,849)	(11,709)
Prepaid expenses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(11,849)		(1,536)
Recognized In Provision for Income Taxes	(5,346)		1,536
Ending Balance	(17,195)	(11,849)
Other (Section 24C allowance)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(11,849)	(11,709)	(70,427)
Recognized In Provision for Income Taxes		(140)	58,718
Ending Balance		(11,849)	(11,709)
Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	26,452
Recognized In Business Combinations	23,451
Recognized In Provision for Income Taxes	116	26,452
Ending Balance	50,019	26,452
current assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	14,603	(11,709)	(71,963)
Recognized In Business Combinations	23,451
Recognized In Provision for Income Taxes	(5,230)	26,312	60,254
Ending Balance	32,824	14,603	(11,709)
Depreciation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	98,015	280,070
Recognized In Provision for Income Taxes		(182,056)
Ending Balance		98,015	280,070
Income in Advance
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	98,015	105,108	117,378
Recognized In Provision for Income Taxes	29,114	(7,093)	(12,270)
Ending Balance	127,129	98,015	105,108
Tax Losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance		174,963	373,618
Recognized In Provision for Income Taxes		(174,963)	(198,656)
Ending Balance			174,963
Current Liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	98,015	280,071	490,996
Recognized In Provision for Income Taxes		(182,056)	(210,926)
Ending Balance		98,015	280,071
Net deferred tax and (liabilities)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning Balance	(875,425)	(736,645)	(434,198)
Recognized In Business Combinations	23,451	(69,537)	(218,402)
Recognized In Provision for Income Taxes	128,852	(69,245)	(84,044)
Ending Balance	$ (723,122)	$ (875,425)	$ (736,645)

DEFERRED TAX ASSETS AND LIABI_8

DEFERRED TAX ASSETS AND LIABILITIES - Summary of unused tax losses for which no deferred tax assets have been recognized (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Uncertain tax positions	$ 0	$ 0	$ 0
Tax related interest or penalties	0	0	0
Unused tax losses for which no deferred tax assets has been recognized
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses	(9,982,291)	(6,155,623)	(4,044,750)
Potential tax benefit of such unused tax losses at applicable statutory tax rates
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses	$ (2,050,255)	$ (1,305,245)	$ (768,413)

OTHER NONCURRENT ASSETS (Deta_2

OTHER NONCURRENT ASSETS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
OTHER NON-CURRENT ASSETS
Other non-current assets	$ 501,750	$ 516,296	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

ACCRUED EXPENSES AND OTHER CU_6

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses	$ 390,138	$ 233,842		$ 275,258
North West Parks Board	1,177,050	1,049,515		986,516
Other taxation payable	33,314	104,368		135,381
VAT	48,493	28,271		33,938
Derivative liability	250,000	250,000
Sundry payables	165,307	144,226		11,497
Total	$ 2,064,302	$ 1,810,222	[1]	$ 1,442,590	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

DEFERRED REVENUE (Details)_2

DEFERRED REVENUE (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
DEFERRED REVENUE
Advance bookings for lodges	$ 293,716	$ 379,305		$ 399,291
Educational revenue paid in advance	1,630,723	1,026,700		2,724,427
Other prepaid income	638,473	140,707		107,713
Total	$ 2,561,912	$ 1,546,712	[1]	$ 3,231,431	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

LOANS PAYABLE (Details)_2

LOANS PAYABLE (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
LOANS PAYABLE
Loans payable - current portion	$ 65,415	$ 65,611	[1]	$ 64,379	[1]
Loans payable - non-current portion	85,858	157,629	[1]	1,217,509	[1]
Total	$ 151,273	$ 223,240		$ 1,281,888
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

LOANS PAYABLE - Additional In_2

LOANS PAYABLE - Additional Information (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2019 USD ($) installment	Dec. 31, 2021 USD ($)	Dec. 31, 2021 SGD ($)	Dec. 31, 2020 USD ($)		Dec. 31, 2020 SGD ($)	Dec. 31, 2019 USD ($)		Dec. 31, 2019 SGD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2019 SGD ($)
Disclosure of detailed information about borrowings [line items]
Repayment of principal and accrued interest		$ 71,967		$ 551,946	[1]		$ 218,572	[1]
Amount of loan settled by the creditor				400,000
Outstanding balance		151,273		223,240			1,281,888
Settlement of loan				600,000
Stock issued for settlement of loan				350,000
Amount of buy back of stock if put option is exercised		250,000		250,000
Lines of credit
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 296,912										$ 400,000
Repayment of principal and accrued interest		$ 67,220	$ 91,063	$ 61,379		$ 84,614	15,024		$ 20,241
Lines of credit repayable over 36 monthly installments
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 74,228										$ 100,000
Number of monthly installments | installment	36
Interest rate	8%										8%
Margin percentage	0.88%										0.88%
Prepayments fee percentage	6.88%
Lines of credit repayable over 60 monthly installments
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 222,684										$ 300,000
Number of monthly installments | installment	60
Interest rate	6.25%										6.25%
IFRS Unsecured Debt [Member]
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan										$ 1,500,000
Repayment of principal and accrued interest							218,572
Consideration for purchase of shares										4,000,000
Payments for acquisition of shares										$ 2,500,000
Outstanding balance							$ 1,000,000
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

LOANS PAYABLE - RELATED PARTI_8

LOANS PAYABLE - RELATED PARTIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about borrowings [line items]
Subtotal	$ 425,551	$ 589,502	$ 832,800
Loan payable to related parties for the acquisition of Wealth Dynamics
Disclosure of detailed information about borrowings [line items]
Current portion	425,551	400,000	400,000
Non-current portion			400,000
Subtotal	$ 425,551	400,000	800,000
Other loans payable to related parties
Disclosure of detailed information about borrowings [line items]
Current portion		$ 189,502	$ 32,800

LOANS PAYABLE - RELATED PARTI_9

LOANS PAYABLE - RELATED PARTIES - Additional information (Details)	Dec. 31, 2020 USD ($)
Loan payable to related parties for the acquisition of Wealth Dynamics
Disclosure of detailed information about borrowings [line items]
Aggregate amount of loan	$ 400,000

LOANS PAYABLE - RELATED PART_10

LOANS PAYABLE - RELATED PARTIES - Fee Payment to Related Party (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Entrepreneurs Institute Australia Pty Ltd
Disclosure of detailed information about borrowings [line items]
Fees payments to related party	$ 319,464	$ 509,415
GeniusU Web Services India Pvt Ltd
Disclosure of detailed information about borrowings [line items]
Fees payments to related party	$ 162,930	$ 215,871	$ 215,871

CONVERTIBLE DEBT OBLIGATIONS _6

CONVERTIBLE DEBT OBLIGATIONS (Details) - Convertible debt obligations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about borrowings [line items]
Convertible debt obligations, beg, gross	$ 1,531,639	$ 1,918,340	$ 2,256,178
Converted to equity	(257,629)	(386,701)
Deferred debt discount	0	0	(337,838)
Convertible debt obligations, end, net	1,274,010	1,531,639	$ 1,918,340
Convertible debt obligations, current portion	507,765	1,531,639
Convertible debt obligations, non-current portion	$ 766,245	$ 1,531,639

CONVERTIBLE DEBT OBLIGATIONS _7

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2020 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 161,500	$ 891,400
Accrued interest converted	$ 6,170	$ 23,016
Number of shares issued upon conversion of debt		25,652
2020 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2020 Convertible Notes | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes | GeniusU Limited
Disclosure of detailed information about borrowings [line items]
Number of shares issued upon conversion of debt	13,306
2020 Convertible Notes | GeniusU Limited | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price	$ 10
2020 Convertible Notes | GeniusU Limited | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price	$ 15

CONVERTIBLE DEBT OBLIGATIONS _8

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2019 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2019 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 47,884	$ 739,160
Accrued interest converted	$ 229	$ 111
Number of shares issued upon conversion of debt		19,605
Stock Exchange at a price			70%
Conversion option as a derivative liability with a fair value			$ 783,735
Debt issuance costs			134,152
Interest expense on amortization of debt discount		$ 322,960	580,049
2019 Convertible Notes | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted		$ 992,813	$ 2,256,178
Number of shares issued upon conversion of debt	13,487	496,408
Exercise price		$ 2
2019 Convertible Notes | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted		$ 1,819,145
Number of shares issued upon conversion of debt	1,003
Convertible note issuances		$ 36,383
2019 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2019 Convertible Notes | Minimum | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Bear interest at rate			10%
2019 Convertible Notes | Minimum | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Bear interest at rate		10%
2019 Convertible Notes | Maximum | Entrepreneur Resorts
Disclosure of detailed information about borrowings [line items]
Bear interest at rate			12%
2019 Convertible Notes | Maximum | Genius Group Ltd [Member]
Disclosure of detailed information about borrowings [line items]
Bear interest at rate		12%

CONVERTIBLE DEBT OBLIGATIONS _9

CONVERTIBLE DEBT OBLIGATIONS - Convertible notes 2020 of year 2020 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86
2020 Convertible Notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount converted	$ 161,500	$ 891,400
Accrued interest converted	$ 6,170	$ 23,016
Number of shares issued upon conversion of debt		25,652
2020 Convertible Notes | Minimum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 34.87
2020 Convertible Notes | Maximum
Disclosure of detailed information about borrowings [line items]
Exercise price		$ 42.86

OTHER NON-CURRENT LIABILITIES (

OTHER NON-CURRENT LIABILITIES (Details)	Dec. 31, 2019 USD ($)
OTHER NON-CURRENT LIABILITIES
Other non-current liabilities	$ 25,147	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EQUITY - Additional Informati_2

EQUITY - Additional Information (Details)				1 Months Ended		12 Months Ended
		Apr. 21, 2021 shares	Dec. 13, 2020 USD ($)	Apr. 30, 2021 shares	Jan. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares		Dec. 31, 2019 USD ($) $ / shares shares		Dec. 31, 2018 shares
EQUITY
Shares issued | shares						16,155,810
Shares outstanding | shares						16,155,810
Number of shares issued | shares						16,155,812	16,155,812		9,742,998		7,926,570
Proceeds from sale of future shares						$ 953,087
Shares issued for cash						3,127,442	$ 2,222,000		$ 2,599,978
Contributed capital						$ 50,924,276	50,630,439	[1]	26,846,043	[1]
Number of shares repurchased			$ 250,000						656,513
Value of shares repurchased for cash consideration	[2]								656,513
Gross proceeds from resold of ordinary shares							$ 0		382,630
Dividends paid	[2]								$ 147,557
Tau Game Lodge [Member]
EQUITY
Number pf Options for purchase, shares | shares							233,501		233,501
Subscription receivable amount							$ 140,680		$ 140,680
Equity stock split ratio						1%	1%
Exercisable price | $ / shares						$ 34.87	$ 34.87		$ 21.34
Stock-based compensation expenses						$ 181,559	$ 101,731		$ 210,930
Vesting term						2 years	2 years
Entrepreneurs Institute Australia Pty Ltd
EQUITY
Dividends paid							$ 0		147,557
Treasury shares [member]
EQUITY
Number of shares repurchased									656,513
Value of shares repurchased for cash consideration							0		656,513
Gross proceeds from resold of ordinary shares									294,538
Ordinary shares
EQUITY
Proceeds from sale of future shares						$ 3,127,442	$ 2,222,000		$ 2,599,978
Ordinary shares | Tau Game Lodge [Member]
EQUITY
Number of shares issued | shares						85,836	73,428		257,478
Genius U Limited Ordinary Shares [Member]
EQUITY
Shares issued for cash						$ 3,308,617	$ 0
Genius U Limited Ordinary Shares [Member] | Convertible Debt [Member]
EQUITY
Convertible debt obligations						177,689	1,671,188
Entrepreneur Resorts Limited Ordinary Shares [Member]
EQUITY
Shares issued for cash						953,087	0
Contributed capital							13,199,435
Entrepreneur Resorts Limited Ordinary Shares [Member] | Tau Game Lodge [Member]
EQUITY
Number pf Options for purchase, shares					233,501
Exercisable price | $ / shares									$ 1.30
Stock-based compensation expenses					$ 88,213
Entrepreneur Resorts Limited Ordinary Shares [Member] | Convertible Debt [Member]
EQUITY
Convertible debt obligations						$ 37,085	992,816
Genius Group Ltd Ordinary Shares [Member]
EQUITY
Shares issued for cash							30,997,810		$ 6,400,000
Shares issued for settlement of loan							$ 350,000
Number pf Options for purchase, shares									153,042
Number pf Options for purchase, shares | shares		73,428		257,478		12,238	42,913
Subscription receivable amount						$ 433,783	$ 915,763		$ 668,214
Equity stock split ratio		1%							6%
Stock-based compensation expenses						394,717	398,605		$ 171,768
Unamortized share based compensation						$ 159,265	$ 75,434
Genius Group Ltd Ordinary Shares [Member] | Tau Game Lodge [Member]
EQUITY
Number of shares issued | shares					121,902				121,902
Number pf Options for purchase, shares					20,317				20,317
Number pf Options for purchase, shares | shares						14,306	12,238		42,913
Equity stock split ratio					1%				1%
Exercisable price | $ / shares					$ 15.45
Stock-based compensation expenses					$ 91,941
Genius Group Ltd Ordinary Shares [Member] | Chief Executive Officers [Member]
EQUITY
Number pf Options for purchase, shares									25,507
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EQUITY - Stock options using _2

EQUITY - Stock options using the Black-Scholes option pricing model and used the assumptions (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
EQUITY
Risk-free interest rate	0.73%	0.13%	2.50%
Contractual term (years)		2
Expected volatility	66%	42%	39%
Expected dividends	0%	0%	0%
Minimum
EQUITY
Contractual term (years)	1	2
Maximum
EQUITY
Contractual term (years)	3

EQUITY - Summary of option ac_2

EQUITY - Summary of option activity (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($) $ / shares
No of Options
Outstanding, beginning balance	73,428	257,478
Outstanding, ending balance	85,836	73,428	257,478
Weighted Average Remaining Life
Weighted Average Life in Years	1 year
Stock Option [Member]
No of Options
Outstanding, beginning balance	73,428	257,478	253,818
Granted	85,836	73,428	257,478
Exercised		(257,478)	(253,818)
Expired		0	0
Outstanding, ending balance	159,264	73,428	257,478	253,818
Weighted Average Share Price
Outstanding, beginning balance | $ / shares	$ 5.81	$ 3.56	$ 2.43
Granted | $ / shares	5.81	5.81	3.56
Exercised | $ / shares		0	2.43
Expired | $ / shares		0	0
Outstanding, ending balance | $ / shares	$ 5.81	$ 5.81	$ 3.56	$ 2.43
Weighted Average Remaining Life
Weighted Average Life in Years	1 year	1 year	1 year	1 year
Granted Weighted average remaining contractual life	2 years	0 years	0 years
Exercised Weighted average remaining contractual life		0 years	0 years
Expired Weighted average remaining contractual life		0 years	0 years
Share Based Payment Award Aggregate Intrinsic Value [Abstract]
Outstanding, beginning balance	97,782	580,613	119,667
Granted		0	0
Exercised		0	0
Expired		0	0
Outstanding, ending balance		97,782	580,613	119,667

EQUITY - Information related _2

EQUITY - Information related to options outstanding (Details)	12 Months Ended
	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares	Dec. 31, 2019 $ / shares
Options outstanding
Exercise Price	$ 5.81	$ 5.81	$ 3.56
Outstanding Number of options	85,836	73,428	257,478
Weighted Average Life in Years	1 year

REVENUES - Disaggregation of _2

REVENUES - Disaggregation of revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Campus Revenue
- Sale of goods	$ 3,102,210	$ 1,280,320	$ 1,796,961
- Rendering of services.		735,246	2,635,035
Campus sub-total	3,102,210	2,015,566	4,431,996
Education Revenue
- Digital.	9,676,052	5,298,227	4,771,253
- In-Person.		319,983	745,808
Education sub-total	9,676,052	5,618,210	5,517,061
Total Revenue	$ 12,778,262	$ 7,633,776	$ 9,949,057

OTHER OPERATING INCOME (Detai_2

OTHER OPERATING INCOME (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OTHER OPERATING INCOME
Administration and management fees received			$ 12,458
Other income		$ 133,519	81,673
Other operating income	$ 499,300	$ 133,519	$ 94,131

GENERAL AND ADMINISTRATIVE EX_6

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
GENERAL AND ADMINISTRATIVE EXPENSES
Consulting and professional services	$ 660,117	$ 424,891		$ 606,738
Marketing	73,277	72,942		814,873
Rent expense	250,994	144,423		457,735
Repairs and maintenance	11,144	103,152		120,023
Salaries, wages, bonuses and other benefits	4,197,397	3,031,485		3,538,114
Travel	13,356	13,356		447,383
Utilities	142,019	112,027		85,319
Other	1,151,991	1,314,430		499,834
Development charges	456,180	378,010		360,933
Stock-based compensation	293,837	394,717		171,768
Provision for doubtful debts	39,108	(161,788)
Total general and administrative expenses	$ 7,211,204	$ 6,151,221	[1]	$ 7,102,720	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INTEREST EXPENSE, NET - Compa_2

INTEREST EXPENSE, NET - Company earned interest income and incurred interest expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Interest income
Bank and other cash	$ (74,081)	$ 55,649		$ 1,996
Other financial assets - loans				102,431
Total interest income	(74,081)	55,649		104,427
Interest expense/finance costs
Lease liabilities	131,291	131,291		122,190
Other interest paid - loans	103,357	455,394		266,059
Amortization of debt discount	140,837	322,947		580,049
Total interest expense/ finance costs	375,485	909,632		968,298
Total interest (expense), net	$ (449,566)	$ (853,983)	[1]	$ (863,871)	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

CHANGE IN FAIR VALUE OF DERIV_2

CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES (Details) - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Change in fair value of derivative liabilities	[1]		$ 783,735
Percentage of estimated probability for valuation of fair value of the derivatives		80%	0%
Buy Back Shares Member
Disclosure of detailed information about financial instruments [line items]
Cancellation of treasury shares		$ 250,000
Level 3
Disclosure of detailed information about financial instruments [line items]
Fair value			$ 783,735
Derivative liability
Disclosure of detailed information about financial instruments [line items]
Fair value			0
Change in fair value of derivative liabilities			$ 783,735
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INCOME TAX EXPENSE - Provisio_2

INCOME TAX EXPENSE - Provision for income taxes provisions (benefits) and deferred income tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Current tax:
Current tax on profits for the year				$ 27,265
Deferred income tax:
(Increase) decrease in deferred tax assets	$ (29,230)	$ 155,603		210,926
Decrease in deferred tax liabilities	(99,622)	(86,358)		(126,881)
Deferred income tax	(128,852)	69,245		84,045
(Benefit from) Provision for income taxes, as previously reported	$ (128,852)	$ 69,245	[1]	$ 111,310	[1]
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

INCOME TAX EXPENSE - Reconcil_2

INCOME TAX EXPENSE - Reconciliation of income taxes at the statutory rate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
INCOME TAX EXPENSE
Income (loss) from continuing operations before provision for income taxes	$ (4,618,050)	$ (3,123,070)		$ (1,119,009)
Tax at the Singapore rate of 17%	(785,069)	(530,922)		(190,232)
Reconciling items:
Permanent differences	31,272	39,478		91,519
Usage of unrecorded net operating loss deferred tax asset				(316,226)
Current period net operating losses not recognized as a deferred tax asset	743,997	407,519		272,204
Rate differential - non-Singapore entities	(55,045)	(24,305)		188,728
Other deferred tax activity	(64,007)	177,474		65,317
(Benefit from) Provision for income taxes, as previously reported	$ (128,852)	$ 69,245	[1]	$ 111,310	[1]
Tax at the Singapore rate	17%	17%
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EARNINGS PER SHARE (Details)_2

EARNINGS PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
EARNINGS PER SHARE
Basic earnings (loss) per share from continuing operations	$ (0.28)	$ (0.25)	[1]	$ (0.14)	[1]
Net loss	$ (4,489,198)	$ (3,192,314)	[1]	$ (1,230,319)	[1]
Non-controlling Interest	(173,959)	(75,159)
Loss attributable to ordinary shareholders	$ (4,663,157)	$ (3,117,155)		$ (1,230,319)
Weighted average number of ordinary shares:
Issued at the end of the year	16,155,812	16,155,812		9,742,998
Issued in current year	0	6,412,812		1,816,428
Issued at the beginning of the year	16,155,812	9,742,998		7,926,570
Weighted-average number of shares outstanding, basic	16,155,812	12,575,605	[1]	8,492,924	[1]
Weighted-average number of shares outstanding, diluted	16,155,812	12,575,605		8,492,924
Diluted earnings (loss) per share:
Share Options	7,138,140	7,138,140		377,928
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

FAIR VALUE INFORMATION (Detai_2

FAIR VALUE INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Gain on the change in fair value of derivative liabilities	$ 0	$ 783,785
Financial liabilities at amortized cost | Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	821,820	486,871	$ 1,078,381
Financial liabilities at amortized cost | Accounts payable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	821,820	486,871	1,078,381
Financial liabilities at amortized cost | Derivative liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	250,000		250,000
Financial liabilities at amortized cost | Derivative liability | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	250,000		250,000
Financial liabilities at amortized cost | Loans payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	223,240	1,281,888	151,273
Financial liabilities at amortized cost | Loans payable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	223,240	1,281,888	151,273
Financial liabilities at amortized cost | Loans payable, related parties
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	589,502	832,800	425,551
Financial liabilities at amortized cost | Loans payable, related parties | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	589,502	832,800	425,551
Financial liabilities at amortized cost | Lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,853,064	2,273,739	1,330,860
Financial liabilities at amortized cost | Lease liabilities | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,853,064	2,273,739	1,330,860
Financial liabilities at amortized cost | Convertible debt obligations, net
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,531,639	1,918,340	1,274,010
Financial liabilities at amortized cost | Convertible debt obligations, net | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized cost	1,531,639	1,918,340	1,274,010
Financial assets at amortized cost | Cash
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	2,273,151	3,290,095	1,784,938
Financial assets at amortized cost | Cash | Level 1
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	2,273,151	3,290,095	1,784,938
Financial assets at amortized cost | Accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	948,341	1,263,849	1,018,003
Financial assets at amortized cost | Accounts receivable | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	948,341	1,263,849	1,018,003
Financial assets at amortized cost | Other Receivable | Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost			66,000
Financial assets at amortized cost | Due from related parties
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	53,851	97,310	44,245
Financial assets at amortized cost | Due from related parties | Level 2
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized cost	53,851	67,310	44,245
Financial assets at fair value through profit or loss | Investments at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	29,076	28,526	29,069
Financial assets at fair value through profit or loss | Investments at fair value | Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	$ 29,076	$ 28,526	$ 29,069

KEY MANAGEMENT COMPENSATION (_3

KEY MANAGEMENT COMPENSATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Roger James Hamilton
Disclosure of transactions between related parties [line items]
Salary	$ 593,195	$ 463,235	$ 432,411
Stock-based	28,310	103,223	60,007
Total	621,505	566,458	492,418
Michelle Clarke
Disclosure of transactions between related parties [line items]
Salary	110,846	83,235	93,746
Stock-based	4,067	18,553	15,870
Total	114,913	101,788	109,616
Suraj Naik
Disclosure of transactions between related parties [line items]
Salary	88,682	67,719	75,701
Stock-based	3,921	13,274	11,588
Total	92,603	80,993	82,289
Sandra Morrell
Disclosure of transactions between related parties [line items]
Salary	40,172	151,439	165,947
Stock-based	6,748	30,284	20,150
Total	46,920	181,723	186,097
Patrick Grove
Disclosure of transactions between related parties [line items]
Salary	8,889	8,705
Stock-based		34,870
Total	8,889	43,575
Nic Lim
Disclosure of transactions between related parties [line items]
Salary	8,889	6,964	5,882
Stock-based		36,614
Total	8,889	43,578	5,882
Anna Gong
Disclosure of transactions between related parties [line items]
Salary	8,889	8,705	5,882
Stock-based		34,870
Total	8,889	43,575	5,882
Jeremy Harris
Disclosure of transactions between related parties [line items]
Salary	67,548	39,652	50,688
Stock-based	594	8,578
Total	68,142	48,230	50,688
Dennis DuBois
Disclosure of transactions between related parties [line items]
Salary	24,000	20,400	24,000
Stock-based		3,592
Total	24,000	23,992	24,000
Lisa Bovio
Disclosure of transactions between related parties [line items]
Salary	24,000	20,400	24,000
Stock-based		3,592
Total	$ 24,000	$ 23,992	$ 24,000

SEGMENT REPORTING - Segment i_2

SEGMENT REPORTING - Segment information (Details)	12 Months Ended
	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($) segment		Dec. 31, 2019 USD ($)		Dec. 31, 2018 USD ($)
Disclosure of operating segments [line items]
Number of reportable business segments | segment	2	2
Revenue	$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Depreciation and Amortization	1,574,913	1,570,593		1,262,108
(Loss) income from Operations	(4,168,484)	(2,680,849)	[1]	(1,038,873)	[1]
Net loss	(4,489,198)	(3,192,314)	[1]	(1,230,319)	[1]
Interest expense, net	449,566	853,983	[1]	863,871	[1]
Capital Expenditures		671,587		1,060,124
Total Property and Equipment, net	6,776,116	7,596,990	[2]	7,399,412	[2]	$ 6,261,425
Total Assets	17,595,407	16,957,713	[2]	17,560,148	[2]
Total Liabilities	9,609,411	9,251,624	[2]	12,229,451	[2]
Depreciation and amortization	38,864	40,906	[1]	47,537	[1]
Previously stated
Disclosure of operating segments [line items]
Depreciation and Amortization		2,140,326		1,358,775
(Loss) income from Operations		(3,250,582)		(1,135,540)
Net loss		(3,476,716)		(1,310,553)
Total Property and Equipment, net		7,250,846		7,399,412
Total Assets		53,785,449		31,582,385
Total Liabilities		12,543,145		12,810,585
Restatement Prior Period Adjustment
Disclosure of operating segments [line items]
Depreciation and Amortization		(569,733)		(96,667)
(Loss) income from Operations		569,733		96,667
Net loss		569,733		96,667
Total Property and Equipment, net		346,144
Total Liabilities		(3,291,521)		(581,134)
Restatement Adjustment, Income Taxes
Disclosure of operating segments [line items]
Net loss		(285,331)		(16,433)
Restatement Adjustment, Property, Plant and Equipment
Disclosure of operating segments [line items]
Total Assets		346,144
Restatement Adjustment, Goodwill
Disclosure of operating segments [line items]
Total Assets		(17,765,824)		(8,778,904)
Restatement Adjustment, Intangible Assets
Disclosure of operating segments [line items]
Total Assets		(19,643,315)		(5,243,333)
Restatement Adjustment, Foreign Currency Translation
Disclosure of operating segments [line items]
Total Assets		235,259
As Restated
Disclosure of operating segments [line items]
Net loss		(3,192,314)		(1,230,319)
Total Assets		16,957,713		17,560,148
Total Liabilities		9,251,624		12,229,451
Education
Disclosure of operating segments [line items]
Revenue	9,676,052	5,618,210		5,517,061
Depreciation and Amortization	426,740	616,195		276,798
(Loss) income from Operations	(2,153,975)	306,710		(1,205,784)
Net loss		(67,609)		(1,205,785)
Interest expense, net	98,819	107,833
Capital Expenditures		437,764		423,959
Total Property and Equipment, net	15,442	10,881		11,519
Total Assets	5,122,967	3,336,242		3,523,344
Total Liabilities	3,589,315	5,852,323		4,468,709
Education | Previously stated
Disclosure of operating segments [line items]
Depreciation and Amortization		914,195		373,465
(Loss) income from Operations		8,710		(1,302,451)
Net loss		(135,636)		(1,286,019)
Total Property and Equipment, net		10,881		11,519
Total Assets		12,030,161		12,422,243
Total Liabilities		5,673,010		4,468,709
Education | Restatement Prior Period Adjustment
Disclosure of operating segments [line items]
Depreciation and Amortization		(298,000)		(96,667)
(Loss) income from Operations		298,000		96,667
Net loss		298,000		96,667
Total Liabilities		229,973
Education | Restatement Adjustment, Income Taxes
Disclosure of operating segments [line items]
Net loss		(229,973)		(16,433)
Education | Restatement Adjustment, Goodwill
Disclosure of operating segments [line items]
Total Assets		(3,655,567)		(3,655,567)
Education | Restatement Adjustment, Intangible Assets
Disclosure of operating segments [line items]
Total Assets		(4,945,333)		(5,243,333)
Education | As Restated
Disclosure of operating segments [line items]
Net loss		(67,609)		(1,205,785)
Total Assets		3,429,261		3,523,343
Total Liabilities		5,902,983		4,468,709
Campus
Disclosure of operating segments [line items]
Revenue	3,102,210	2,015,566		4,431,996
Depreciation and Amortization	1,148,173	954,398		985,310
(Loss) income from Operations	(2,014,508)	(2,987,559)		166,911
Net loss		(3,124,705)		(24,534)
Interest expense, net	350,747	746,150		863,871
Capital Expenditures		233,823		636,165
Total Property and Equipment, net	6,760,674	7,586,109		7,387,893
Total Assets	12,472,440	13,621,471		14,036,804
Total Liabilities	6,020,096	3,399,301		7,760,742
Campus | Previously stated
Disclosure of operating segments [line items]
Depreciation and Amortization		1,226,131		985,310
(Loss) income from Operations		(3,259,292)		166,911
Net loss		(3,341,080)		(24,534)
Total Property and Equipment, net		7,239,965		7,387,893
Total Assets		41,755,288		19,160,141
Total Liabilities		6,870,135		8,341,876
Campus | Restatement Prior Period Adjustment
Disclosure of operating segments [line items]
Depreciation and Amortization		(271,733)
(Loss) income from Operations		271,733
Net loss		271,733
Total Property and Equipment, net		346,144
Total Liabilities		(3,521,494)		(581,134)
Campus | Restatement Adjustment, Income Taxes
Disclosure of operating segments [line items]
Net loss		(55,358)
Campus | Restatement Adjustment, Property, Plant and Equipment
Disclosure of operating segments [line items]
Total Assets		346,144
Campus | Restatement Adjustment, Goodwill
Disclosure of operating segments [line items]
Total Assets		(14,110,257)		(5,123,337)
Campus | Restatement Adjustment, Intangible Assets
Disclosure of operating segments [line items]
Total Assets		(14,697,982)
Campus | Restatement Adjustment, Foreign Currency Translation
Disclosure of operating segments [line items]
Total Assets		235,259
Campus | As Restated
Disclosure of operating segments [line items]
Net loss		(3,124,705)		(24,534)
Total Assets		13,528,452		14,036,804
Total Liabilities		3,348,641		7,760,742
Campus | Cost of revenue
Disclosure of operating segments [line items]
Depreciation and amortization	1,109,309	937,773		913,492
Campus | Operating expenses.
Disclosure of operating segments [line items]
Depreciation and amortization	$ 38,864	$ 47,537		$ 40,906
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination

SEGMENT REPORTING - Revenue a_2

SEGMENT REPORTING - Revenue and Non current assets by geographic location (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of geographical areas [line items]
Revenue	$ 12,778,262	$ 7,633,776	[1]	$ 9,949,057	[1]
Non-current assets	11,099,245	12,021,110		11,754,343
Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	5,185,588	3,078,736		3,770,628
Non-current assets	8,477,393	504,655		7,786,240
Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	4,894,073	2,959,709		4,588,530
Non-current assets	2,120,102	11,000,159		3,968,103
North America / South America
Disclosure of geographical areas [line items]
Revenue	2,698,601	1,595,331		1,589,899
Non-current assets	501,750	516,296
Education
Disclosure of geographical areas [line items]
Revenue	9,676,052	5,618,210		5,517,061
Non-current assets	502,352	1,016,870		962,424
Education | Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	3,630,760	2,068,037		1,818,859
Non-current assets	602	802
Education | Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	3,346,691	1,954,842		2,108,503
Non-current assets		499,772		962,424
Education | North America / South America
Disclosure of geographical areas [line items]
Revenue	2,698,601	1,595,331		1,589,899
Non-current assets	501,750	516,296
Campus
Disclosure of geographical areas [line items]
Revenue	3,102,210	2,015,566		4,431,996
Non-current assets	10,596,893	11,004,240		10,791,919
Campus | Europe / Middle East / Africa
Disclosure of geographical areas [line items]
Revenue	1,554,828	1,010,699		1,951,769
Non-current assets	8,476,791	503,853		7,786,240
Campus | Asia / Pacific
Disclosure of geographical areas [line items]
Revenue	1,547,382	1,004,867		2,480,027
Non-current assets	$ 2,120,102	$ 10,500,388		$ 3,005,679
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination

EVENTS AFTER THE REPORTING PE_9

EVENTS AFTER THE REPORTING PERIOD (Details - Convertible Debt Obligations) - USD ($)		4 Months Ended
	Jan. 01, 2021	Apr. 30, 2022
Disclosure of non-adjusting events after reporting period [line items]
Amount of principal and accrued interest converted	$ 6,170
Debt conversion
Disclosure of non-adjusting events after reporting period [line items]
Amount of principal and accrued interest converted	$ 161,500	$ 229,237
Number of shares issued upon conversion of debt	13,307	38,206

EVENTS AFTER THE REPORTING P_10

EVENTS AFTER THE REPORTING PERIOD (Details - Shares Issued for Cash) - USD ($)	4 Months Ended		12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from sale of future shares			$ 953,087
Shares Issued for Cash | GeniusU
Disclosure of non-adjusting events after reporting period [line items]
Aggregate non-controlling interest sold (as a percent)	0.61%			2.45%
Proceeds from sale of future shares	$ 2,652,577	$ 1,528,000
Aggregate issuance costs incurred	$ 53,052	$ 30,560

EVENTS AFTER THE REPORTING P_11

EVENTS AFTER THE REPORTING PERIOD (Details - Initial Public Offering) - Initial Public Offering - Ordinary shares - $ / shares		1 Months Ended
	Apr. 12, 2022	Jan. 31, 2020
Disclosure of non-adjusting events after reporting period [line items]
Number of ordinary shares	3,272,727	63,842
IPO price	$ 6

EVENTS AFTER THE REPORTING P_12

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, Education Angels, E-Square) £ in Millions, R in Millions, $ in Millions	Apr. 21, 2022 item	Oct. 22, 2020 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)	Nov. 28, 2020 USD ($)	Nov. 28, 2020 ZAR (R)	Oct. 22, 2020 NZD ($)
Disclosure of non-adjusting events after reporting period [line items]
Purchase consideration			$ 4,700,000	£ 3.6
Education Angels
Disclosure of non-adjusting events after reporting period [line items]
Voting interest acquired (in percent)		100%					100%
Purchase consideration		$ 2,000,000					$ 3
Education Angels | Minimum
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		0 years
Education Angels | Maximum
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		5 years
E-Square
Disclosure of non-adjusting events after reporting period [line items]
Voting interest acquired (in percent)					100%	100%
Purchase consideration					$ 654,000	R 10
Business Combinations
Disclosure of non-adjusting events after reporting period [line items]
Number of additional acquisitions	2
Business Combinations | Education Angels
Disclosure of non-adjusting events after reporting period [line items]
Voting interest acquired (in percent)		100%					100%
Purchase consideration		$ 2,000,000					$ 3
Percentage of payment in shares		100%
Business Combinations | Education Angels | David Hitchins
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		6 months
Business Combinations | Education Angels | Angie Stead
Disclosure of non-adjusting events after reporting period [line items]
Threshold term where the sellers agreed not to sell any shares		12 months

EVENTS AFTER THE REPORTING P_13

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, Property Investors Network Ltd and Mastermind Principles Ltd) - Nov. 30, 2020 - Property Investors Network Ltd and Mastermind Principles Ltd £ in Millions, $ in Millions	GBP (£) company item	USD ($) company item
Disclosure of non-adjusting events after reporting period [line items]
Percentage of shares acquired	100%	100%
Number of companies in the agreement | item	50	50
Percentage of payment in cash	10%	10%
Percentage of payment in shares	90%	90%
Business Combinations
Disclosure of non-adjusting events after reporting period [line items]
Percentage of shares acquired	100%	100%
Number of companies in the agreement | company	2	2
Percentage of payment in cash	10%	10%
Percentage of payment in shares	90%	90%
Business Combinations | Property Mastermind International Pte Ltd
Disclosure of non-adjusting events after reporting period [line items]
Payments made on behalf of the seller to pay off part of the outstanding loans	£ 1.5	$ 2
Term for repayments of remaining unpaid loans	3 years	3 years

EVENTS AFTER THE REPORTING P_14

EVENTS AFTER THE REPORTING PERIOD (Details - Business Combinations, University of Antelope Valley) £ in Millions, $ in Millions	Mar. 24, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 21, 2021 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2020 GBP (£)
Disclosure of non-adjusting events after reporting period [line items]
Purchase consideration				$ 4.7	£ 3.6
University of Antelope Valley
Disclosure of non-adjusting events after reporting period [line items]
Percentage of shares acquired			100%
Purchase consideration			$ 30
Consideration made up of shares	$ 6		6
Cash payments to acquire business	6.5		$ 24
Liabilities incurred	$ 17.5
Business Combinations | University of Antelope Valley
Disclosure of non-adjusting events after reporting period [line items]
Shares transferred as consideration		1
Consideration made up of shares		$ 6
Cash payments to acquire business		$ 7

RESTATEMENT OF THE PREVIOUSLY_3

RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Statement of financial position
Property and equipment, net	$ 6,776,116	$ 7,596,990	[1]	$ 7,399,412	[1]	$ 6,261,425
Goodwill	1,320,100	1,209,953	[1]	1,209,953	[1]	$ 1,209,953
Intangible assets, net	1,394,969	1,004,914	[1]	922,379	[1]
Total Assets	17,595,407	16,957,713	[1]	17,560,148	[1]
Deferred tax liability	723,122	875,425	[1]	736,645	[1]
Total Liabilities	9,609,411	9,251,624	[1]	12,229,451	[1]
Reserves	(31,888,638)	(32,112,799)	[1]	(13,844,404)	[1]
Accumulated deficit	(13,493,684)	(9,167,848)	[1]	(6,050,692)	[1]
Capital and reserves attributable to owners of Genius Group Ltd	3,641,097	7,448,935	[1]	5,330,697	[1]
Non controlling interest	4,344,899	257,154	[1]
Total Stockholder's Equity		7,706,089		5,330,697
Total Liabilities and Stockholder's Equity	17,595,407	16,957,713	[1]	17,560,148	[1]
Statement of profit or loss and other comprehensive income
Cost of Revenue		(4,134,108)		(5,024,302)
Gross profit	2,757,458	3,499,668	[2]	4,924,755	[2]
Loss from Operations	(4,168,484)	(2,680,849)	[2]	(1,038,873)	[2]
Loss Before Income Tax	(4,618,050)	(3,123,069)	[2]	(1,119,009)	[2]
Income Tax Benefit (Expense)	128,852	(69,245)	[2]	(111,310)	[2]
Net loss	(4,489,198)	(3,192,314)	[2]	(1,230,319)	[2]
Non controlling interest	(173,959)	(57,196)	[2]
Total Comprehensive (loss)	$ (4,259,117)	$ (1,063,233)	[2]	$ (1,538,491)	[2]
Basic earnings (loss) per share from continuing operations	$ (0.28)	$ (0.25)	[2]	$ (0.14)	[2]
Diluted earnings (loss) per share from continuing operations	$ (0.28)	$ (0.25)		$ (0.14)
Statement of changes in equity
Total Equity		$ 7,706,089		$ 5,330,697
Statement of cash flows
Net loss	$ (4,489,198)	(3,192,314)	[2]	(1,230,319)	[2]
Amortization of deferred tax liability	105,650	(68,808)	[2]
Deferred tax liability	257,953	(138,053)	[2]	(84,046)	[2]
Depreciation and amortization	1,574,913	1,570,593	[2]	1,262,108	[2]
Total adjustments to reconcile net loss to net cash used in operating activities	$ 1,407,993	1,065,101	[2]	(55,321)	[2]
Non-controlling interests [member]
Statement of financial position
Total Stockholder's Equity		257,154
Statement of changes in equity
Total Equity		257,154
Reserves.
Statement of financial position
Total Stockholder's Equity		(32,112,799)		(13,844,404)
Statement of changes in equity
Total Equity		(32,112,799)		(13,844,404)
Retained earnings [member]
Statement of financial position
Total Stockholder's Equity		(9,167,848)		(6,050,692)
Statement of changes in equity
Total Equity		(9,167,848)		(6,050,692)
Previously stated
Statement of financial position
Property and equipment, net		7,250,846		7,399,412
Goodwill		18,647,498		9,988,857
Intangible assets, net		20,741,249		6,165,712
Total Assets		53,785,449		31,582,385
Deferred tax liability		4,166,946		1,317,779
Total Liabilities		12,543,145		12,810,585
Reserves		1,788,051		(323,067)
Accumulated deficit		(9,526,614)		(6,130,926)
Capital and reserves attributable to owners of Genius Group Ltd		40,991,019		18,771,800
Non controlling interest		251,285
Total Stockholder's Equity		41,242,304		18,771,800
Total Liabilities and Stockholder's Equity		53,785,449		31,582,385
Statement of profit or loss and other comprehensive income
Cost of Revenue		(4,703,841)		(5,120,969)
Gross profit		2,929,935		4,828,088
Loss from Operations		(3,250,582)		(1,135,540)
Loss Before Income Tax		(3,692,802)		(1,215,676)
Income Tax Benefit (Expense)		216,086		(94,877)
Net loss		(3,476,716)		(1,310,553)
Non controlling interest		(63,065)
Total Comprehensive (loss)		$ (1,347,635)		$ (1,618,725)
Basic earnings (loss) per share from continuing operations		$ (0.27)		$ (0.15)
Statement of changes in equity
Total Equity		$ 41,242,304		$ 18,771,800
Statement of cash flows
Net loss		(3,476,716)		(1,310,553)
Amortization of deferred tax liability		(166,396)		(16,433)
Deferred tax liability		(49,691)
Depreciation and amortization		2,140,326		1,358,775
Total adjustments to reconcile net loss to net cash used in operating activities		1,349,503		24,913
Previously stated | Non-controlling interests [member]
Statement of financial position
Total Stockholder's Equity		251,285
Statement of changes in equity
Total Equity		251,285
Previously stated | Reserves.
Statement of financial position
Total Stockholder's Equity		1,788,051		(323,067)
Statement of changes in equity
Total Equity		1,788,051		(323,067)
Previously stated | Retained earnings [member]
Statement of financial position
Total Stockholder's Equity		(9,526,614)		(6,130,926)
Statement of changes in equity
Total Equity		(9,526,614)		(6,130,926)
Adjustments
Statement of financial position
Property and equipment, net		346,144
Goodwill		(17,437,545)		(8,778,904)
Intangible assets, net		(19,736,335)		(5,243,333)
Total Assets		(36,827,736)		(14,022,237)
Deferred tax liability		(3,291,521)		(581,134)
Total Liabilities		(3,291,521)		(581,134)
Reserves		(33,900,850)		(13,521,337)
Accumulated deficit		358,766		80,234
Capital and reserves attributable to owners of Genius Group Ltd		(33,542,084)		(13,441,103)
Non controlling interest		5,869
Total Stockholder's Equity		(33,536,215)		(13,441,103)
Total Liabilities and Stockholder's Equity		(36,827,736)		(14,022,237)
Statement of profit or loss and other comprehensive income
Cost of Revenue		569,733		96,667
Gross profit		569,733		96,667
Loss from Operations		569,733		96,667
Loss Before Income Tax		569,733		96,667
Income Tax Benefit (Expense)		(285,331)		(16,433)
Net loss		284,402		80,234
Non controlling interest		5,869
Total Comprehensive (loss)		$ 284,402		$ 80,234
Basic earnings (loss) per share from continuing operations		$ 0.02		$ 0.01
Statement of changes in equity
Total Equity		$ (33,536,215)		$ (13,441,103)
Statement of cash flows
Net loss		284,402		80,234
Amortization of deferred tax liability		97,588		16,433
Deferred tax liability		187,743
Depreciation and amortization		(569,733)		(96,667)
Total adjustments to reconcile net loss to net cash used in operating activities		(284,402)		(80,234)
Adjustments | Non-controlling interests [member]
Statement of financial position
Total Stockholder's Equity		5,869
Statement of changes in equity
Total Equity		5,869
Adjustments | Reserves.
Statement of financial position
Total Stockholder's Equity		(33,900,850)		(13,521,337)
Statement of changes in equity
Total Equity		(33,900,850)		(13,521,337)
Adjustments | Retained earnings [member]
Statement of financial position
Total Stockholder's Equity		358,766		80,234
Statement of changes in equity
Total Equity		$ 358,766		$ 80,234
[1]Restatements in Note 35 to align with IFRS 3 book value method for business combination[2]Restatements in Note 35 to align with IFRS 3 book value method for business combination