Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,614,933 $ 614,753
Restricted cash 711,026
Accounts receivable, net 1,653,238 1,868,931
Other receivables 1,741,176 50,465
Due from related parties 5,714,741 4,966,733
Digital assets 30,441,133
Inventories 467,230 755,284
Prepaid expenses and other current assets 786,376 666,673
Total Current Assets 42,418,827 9,633,865
Property and equipment, net 301,531 456,751
Investments at fair value 1,381,666 28,698
Investments in joint venture 366 379
Goodwill 8,338,547 11,425,148
Intangible assets, net 11,913,096 15,250,751
Deferred tax asset 1,332
Other receivables 758,025 770,994
Due from related parties 5,628,298
Other non-current assets 35,941,961 18,889
Total Non-Current Assets 58,636,524 33,579,908
Total Assets 101,055,351 43,213,773
Current Liabilities    
Accounts payable 3,285,495 4,406,850
Accrued expenses and other current liabilities 2,066,930 2,419,205
Contract Liability 1,731,378 2,750,137
Income tax payable 254,434 174,738
Due to related parties 4,001,091 4,907,181
Loans payable - current portion 229,815 2,467,656
Short term debt 40,000 122,415
Total Current Liabilities 11,609,143 17,248,182
Due to related parties 1,789 1,820
Loans payable – non-current portion 10,033,989 254,455
Deferred tax liability 2,280,323
Contingent liabilities 3,714,000
Total Non Current Liabilities 10,035,778 6,250,598
Total Liabilities 21,644,921 23,498,780
Stockholders’ Equity    
Contributed capital 166,301,870 81,617,864
Reserves (8,508,313) (8,459,565)
Accumulated deficit (84,014,856) (59,132,781)
Capital and reserves attributable to owners of Genius Group Limited 73,778,701 14,025,518
Non-controlling interest 5,631,729 5,689,475
Total Stockholders’ Equity 79,410,430 19,714,993
Total Liabilities and Stockholders’ Equity $ 101,055,351 $ 43,213,773