Registration statement for securities of certain foreign private issuers

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

v3.22.2.2
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Dec. 31, 2019
USD ($)
Current Assets  
Cash and cash equivalents $ 3,290,095 [1]
Accounts receivable, net 1,263,849 [2]
Due from related parties 67,310 [2]
Inventories 119,516 [2]
Prepaid expenses and other current assets 1,065,035 [2]
Total Current Assets 5,805,805 [2]
Property and equipment, net 7,399,412 [2]
Operating lease right-of-use asset 2,194,073 [2]
Investments at fair value 28,526 [2]
Goodwill 1,209,953 [2]
Intangible assets, net 922,379 [2]
Total Assets 17,560,148 [2]
Current Liabilities  
Accounts payable 486,871 [2]
Accrued expenses and other current liabilities 1,442,590 [2]
Deferred revenue 3,231,431 [2]
Lease liabilities, current 544,551 [2]
Loans payable - current portion 64,379 [2]
Loans payable - related parties - current portion 432,800 [2]
Total Current Liabilities 6,202,622 [2]
Operating lease liabilities - non-current portion 1,729,188 [2]
Loans payable - non-current portion 1,217,509 [2]
Loans payable - related parties - noncurrent portion 400,000 [2]
Convertible debt obligations, non-current portion 1,918,340 [2]
Deferred tax liability 736,645 [2]
Other non-current liabilities 25,147 [2]
Total Liabilities 12,229,451 [2]
Commitments and Contingencies Stockholders' Equity:  
Contributed capital 26,846,043 [2]
Subscriptions receivable (1,125,774) [2]
Reserves (13,844,404) [2]
Accumulated deficit (6,050,692) [2]
Treasury stock, at cost (494,476) [2]
Capital and reserves attributable to owners of Genius Group Ltd 5,330,697 [2]
Total Stockholders' Equity 5,330,697 [2]
Total Liabilities and Stockholders' Equity $ 17,560,148 [2]
[1] Restatements in Note 35 to align with IFRS 3 book value method for business combination
[2] Restatements in Note 35 to align with IFRS 3 book value method for business combination