4 results
10-Q
2024 Q1
VS
Versus Systems Inc
15 May 24
Quarterly report
4:01pm
The following table summarizes our results of operations for the three month periods ended March 31, 2024 and 2023:
For the Three Months Ended March 31, | ||||||||
2024 | 2023 | |||||||
Statement of Operations and Comprehensive Loss Data: | ||||||||
Revenue | $ | 26,503 | $ | 157,950 | ||||
Cost of revenues | 24,046 | 32,357 | ||||||
Gross Margin | 2,457 | 125,593 | ||||||
Expenses | ||||||||
Research and development | 39,412 | 67,140 | ||||||
Selling, general and administrative | 1,464,481 | 1,385,341 | ||||||
Total Operating Expenses | 1,503,893 | 1,452,482 | ||||||
Operating loss | (1,501,436) | (1,362,889) | ||||||
Other income/(expense) | 247 | 0 | ||||||
Net loss | (1,501,683) | (1,326,889) | ||||||
Other total comprehensive loss: | ||||||||
Change in foreign currency translation, net of tax | 39,691 | (9,348) | ||||||
Total comprehensive loss | $ | (1,461,992) | (1,317,541) | |||||
Basic and diluted loss per share to shareholders | $ | (0.53) | $ | (2.28) |
10-Q
2024 Q1
VS
Versus Systems Inc
15 May 24
Quarterly report
4:01pm
Three Months Ended | Three Months Ended | |||||||
March 31, 2024 | March 31, 2023 | |||||||
($) | ($) | |||||||
REVENUES | ||||||||
Revenues | 26,503 | 157,950 | ||||||
Cost of revenues | 24,046 | 32,357 | ||||||
Gross margin | 2,457 | 125,593 | ||||||
EXPENSES | ||||||||
Research and development | 39,412 | 67,140 | ||||||
Selling, general and administrative | 1,464,481 | 1,385,342 | ||||||
Total operating expenses | 1,503,893 | 1,452,482 | ||||||
Operating loss | (1,501,436) | (1,326,889) | ||||||
Other income/(expense), net | 247 | - | ||||||
Loss before provision | (1,501,683) | (1,326,889) | ||||||
Provision for income taxes | - | - | ||||||
Net loss | (1,501,683) | (1,326,889) | ||||||
Other total comprehensive loss: | ||||||||
Change in foreign currency translation, net of tax | 39,691 | (9,348) | ||||||
Total other comprehensive loss | 39,691 | (9,348) | ||||||
Total comprehensive loss | (1,461,992) | (1,317,541) | ||||||
Less: comprehensive income attributable to non-controlling interest | 173,292 | 132,694 | ||||||
Comprehensive loss attributable to shareholders | (1,288,700) | (1,184,847) | ||||||
Basic and diluted earnings per share to shareholders | (0.53) | (2.28) | ||||||
Weighted average shares - basic and diluted | 2,506,015 | 515,304 |
10-K
2023 FY
VS
Versus Systems Inc
1 Apr 24
Annual report
2:07pm
The following table summarizes our results of operations for the years ended December 31, 2023 and 2022:
For the Year Ended December 31, | ||||||||
2023 | 2022 | |||||||
Statement of Operations and Comprehensive Loss Data: | ||||||||
Revenue | $ | 271,169 | $ | 1,108,840 | ||||
Cost of revenues | 103,067 | 617,049 | ||||||
Gross Margin | 168,102 | 491,791 | ||||||
Expenses | ||||||||
Research and development | 1,107,235 | 2,406,006 | ||||||
Selling, general and administrative | 5,944,909 | 11,838,128 | ||||||
Impairment of goodwill and other intangibles | 3,968,332 | 8,919,002 | ||||||
Total Operating Expenses | 11,020,476 | 23,163,36 | ||||||
Operating loss | (10,852,374) | (22,671,345) | ||||||
Employee retention credit | (354,105) | - | ||||||
Change in fair value of warrant liability | - | (361,055) | ||||||
Other income/(expense) | 13,888 | 162,902 | ||||||
Net loss | (10,512,157) | (22,473,192) | ||||||
Other total comprehensive loss: | ||||||||
Change in foreign currency translation, net of tax | 93,317 | 154,970 | ||||||
Total comprehensive loss | $ | (10,418,840) | $ | (22,318,222) | ||||
Basic and diluted earnings per share to shareholders | $ | (10.66) | $ | (192.89) |
10-K
2023 FY
VS
Versus Systems Inc
1 Apr 24
Annual report
2:07pm
(Expressed in US Dollars)
Year Ended | Year Ended | |||||||
December 31, 2023 | December 31, 2022 | |||||||
($) | ($) | |||||||
REVENUES | ||||||||
Revenues | 271,169 | 1,108,840 | ||||||
Cost of revenues | 103,067 | 617,049 | ||||||
Gross margin | 168,102 | 491,791 | ||||||
EXPENSES | ||||||||
Research and development | 1,107,235 | 2,406,006 | ||||||
Selling, general and administrative | 5,944,909 | 11,838,128 | ||||||
Impairment of goodwill and other intangibles | 3,968,332 | 8,919,002 | ||||||
Total operating expenses | 11,020,476 | 23,163,136 | ||||||
Operating loss | (10,852,374) | (22,671,345) | ||||||
Change in fair value of warrant liability | - | (361,055) | ||||||
Employee retention credit | (354,105) | - | ||||||
Other income/(expense), net | 13,888 | 162,902 | ||||||
Loss before provision for income taxes | (10,512,157) | (22,473,192) | ||||||
Provision for income taxes | - | - | ||||||
Net loss | (10,512,157) | (22,473,192) | ||||||
Other total comprehensive income (loss): | ||||||||
Change in foreign currency translation, net of tax | 93,317 | 154,970 | ||||||
Total other comprehensive income | 93,317 | 154,970 | ||||||
Total comprehensive loss | (10,418,840) | (22,318,222) | ||||||
Less: comprehensive income attributable to non-controlling interest | 985,160 | 2,146,185 | ||||||
Comprehensive loss attributable to shareholders | (9,433,680) | (20,172,037) | ||||||
Basic and diluted earnings per share to shareholders | (10.44) | (192.89) | ||||||
Shares used in computation | 912,717 | 103,773 |
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