Genius Group Limited Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

GOODWILL (Tables)

12 Months Ended

Dec. 31, 2023

Changes in goodwill are as follows during the years ended December 31, 2023 and 2022:

SCHEDULE OF CHANGES IN GOODWILL

Balance as of December 31, 2021	$	1,320,100
Less - Foreign currency translation		(113,150	)
Additions: Goodwill on new acquisition		50,399,733
Less: Impairment loss		(20,053,893	)
Goodwill on tax adjustment		136,097
Balance as of December 31, 2022		31,688,887
Balance		31,688,887
Less: Goodwill reduction as per PPA		(4,919,920	)
Less: Impairment		(15,371,643	)
Add: Foreign currency translation		27,824
Balance as of December 31, 2023	$	11,425,148
Balance	$	11,425,148