Genius Group Limited Registration statement for securities of certain foreign private issuers

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

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.

NOTE 15 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

As of December 31, 2020 and 2019, accrued expenses and other current liabilities consist of:


	As of December 31,
	2020		2019
Accrued expenses	$	233,842	$	275,258
North West Parks Board		1,049,515		986,516
Other taxation payable		104,368		135,381
VAT		28,271		33,938
Derivative liability		250,000		—
Sundry payables		144,226		11,497
Total	$	1,810,222	$	1,442,590

The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge land lease. The Derivative liability is explained at Note 17 — Loans Payable.