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

Consolidated Statements of Changes in Stockholders' Equity

v3.25.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Issued capital [member]
Non-controlling interests [member]
Reserve of exchange differences on translation [member]
Other reserves [member]
Retained earnings [member]
Total
Balance at Dec. 31, 2021 $ 49,023,419 $ 4,344,899 $ 432,450 $ (33,917,367) $ (11,897,405) $ 7,985,996
Balance, shares at Dec. 31, 2021 16,155,812          
IfrsStatementLineItems [Line Items]            
Net loss (206,021) (55,800,418) (56,006,439)
Foreign currency translation adjustments (290,184) (290,184)
Proceeds from IPO (net) $ 15,202,858 15,202,858
Proceeds from IPO (net), shares 3,913,410          
Share options GG IPO April 2022 $ 270,476 270,476
Share options GG IPO April 2022, shares 45,580          
GeniusU Shares issued for cash 2,655,739 2,655,739
Shares issued for conversion of convertible notes $ 7,829,607 7,829,607
Shares issued for conversion of convertible notes, shares 1,554,097          
Shares issued for IPO acquisition $ 35,098,001 35,098,001
Shares issued for IPO acquisition, shares 5,975,407          
Shares cancelled in satisfaction of liability, net of derivative liability $ (100,002) (100,002)
Shares cancelled in satisfaction of liability, net of derivative liability, shares (49,002)          
Share based compensation $ 1,308,784 1,308,784
Share based compensation, shares 109,923          
Balance at Dec. 31, 2022 $ 108,633,143 6,794,617 142,266 (33,917,367) (67,697,823) 13,954,836
Balance, shares at Dec. 31, 2022 27,705,227          
IfrsStatementLineItems [Line Items]            
Net loss (54,079) (5,657,143) (5,711,222)
Foreign currency translation adjustments (203,832) (203,832)
Shares issued for conversion of convertible notes $ 18,026,388 18,026,388
Shares issued for conversion of convertible notes, shares 45,239,128          
Share based compensation $ 532,466 532,466
Share based compensation, shares 432,320          
Convertible loan adjustment for outstanding note, net $ (10,006,519) (10,006,519)
Share issued by conversion from ERL and GeniusU $ 125,109 (125,109)
Share issued by conversion from ERL and GeniusU, shares 149,160          
Q4 2023 Share Option Plan $ 214,116 214,116
Q4 2023 Share Option Plan, shares 347,949          
ERL Spin off $ (31,862,919) (925,954) 25,519,367 14,222,186 6,952,680
RF PPA adjustment (4,043,920)         (4,043,920)
Balance at Dec. 31, 2023 $ 81,617,864 5,689,475 (61,566) (8,398,000) (59,132,780) 19,714,993
Balance, shares at Dec. 31, 2023 73,873,784          
IfrsStatementLineItems [Line Items]            
Net loss (57,746) (24,882,076) (24,939,822)
Foreign currency translation adjustments (48,747) (48,747)
Share based compensation 672,767 672,767
Shares issued for follow on offering $ 6,580,300 6,580,300
Shares issued for follow on offering, shares 23,571,429          
Shares issued for exercise of warrants $ 5,990,930 5,990,930
Shares issued for exercise of warrants, shares 18,170,707          
Shares issued for the failed acquisition [1] $ 29,327,892 29,327,892
Shares issued for the failed acquisition, shares [1] 73,873,784          
2024 Share Plan $ 5,105,964 5,105,964
2024 Share Plan, shares 27,600,000          
Reverse stock split (cancellation of shares) $ (130,523,807) (130,523,807)
Reverse stock split (cancellation of shares), shares (217,089,704)          
Reverse stock split (issuance of shares based on 1 for 10 ratio) $ 130,523,807 130,523,807
Reverse stock split (issuance of shares based on 1:10 ratio), shares 21,708,798          
2024 Share Plan (Issuance after reverse stock split) $ 1,315,664 1,315,664
2024 Share Plan (Issuance after reverse stock split), shares 3,000,000          
CEO Purchase of Shares $ 455,000 455,000
CEO Purchase of Shares, shares 500,000          
CEO Compensation $ 3,448,946 $ 3,448,946
CEO Compensation, shares 5,032,753         5,032,753
Issuance in satisfaction of Liability $ 215,161 $ 215,161
Issuance in satisfaction of Liability, shares 135,120         135,120
Genius Group - ATM Shares $ 31,571,382 $ 31,571,382
Genius Group - ATM Shares, shares 34,014,680          
Balance at Dec. 31, 2024 $ 166,301,870 $ 5,631,729 $ (110,313) $ (8,398,000) $ (84,014,856) $ 79,410,430
Balance, shares at Dec. 31, 2024 64,391,351          
[1] This represents shares issued for the acquisition of FatBrain which was subsequently rescinded and are expected to be cancelled.