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

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

v3.22.1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 1,784,938 $ 2,273,151
Accounts receivable, net 1,018,003 948,341
Other receivables 66,000  
Due from related parties 44,245 53,851
Inventories 92,530 112,543
Prepaid expenses and other current assets 3,490,446 1,548,717
Total Current Assets 6,496,162 4,936,603
Property and equipment, net 6,776,116 7,596,990
Operating lease right-of-use asset 1,077,241 1,663,881
Investments at fair value 29,069 29,076
Goodwill 1,320,100 1,209,953
Intangible assets, net 1,394,969 1,004,914
Other non-current assets 501,750 516,296
Total Assets 17,595,407 16,957,713
Current Liabilities    
Accounts payable 1,078,381 821,820
Accrued expenses and other current liabilities 2,064,302 1,810,222
Deferred revenue 2,561,912 1,546,712
Lease liabilities, current 436,271 545,132
Loans payable - current portion 65,415 65,611
Loans payable - related parties - current portion 425,551 589,502
Convertible debt obligations, current portion 507,765  
Total Current Liabilities 7,139,597 5,378,999
Operating lease liabilities - non-current portion 894,589 1,307,932
Loans payable - non-current portion 85,858 157,629
Convertible debt obligations, non-current portion 766,245 1,531,639
Deferred tax liability 723,122 875,425
Total Liabilities 9,609,411 9,251,624
Commitments and Contingencies Stockholders' Equity:    
Contributed capital 50,924,276 50,630,439
Subscriptions receivable (1,900,857) (1,900,857)
Reserves (31,888,638) (32,112,799)
Accumulated deficit (13,493,684) (9,167,848)
Capital and reserves attributable to owners of Genius Group Ltd 3,641,097 7,448,935
Non controlling interest 4,344,899 257,154
Total Stockholders' Equity 7,985,996 7,706,089
Total Liabilities and Stockholders' Equity $ 17,595,407 $ 16,957,713