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

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

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2021

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

As of December 31, 2021 and 2020, accrued expenses and other current liabilities consist of:


		As of December 31,
		2021			2020
Accrued expenses		$	390,138		$	233,842
North West Parks Board			1,177,050			1,049,515
Other taxation payable			33,314			104,368
VAT			48,493			28,271
Derivative liability			250,000			250,000
Sundry payables			165,307			144,226
Total		$	2,064,302		$	1,810,222

The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease.