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

INTEREST EXPENSE, NET

12 Months Ended

Dec. 31, 2021

NOTE 24 — INTEREST EXPENSE, NET

For the years ended December 31, 2021 and 2020, the Company earned interest income and incurred interest expense as follows:


	For the Years Ended December 31,
	2021		2020
Interest (expense) income
Bank and other cash	$	(74,081)	$	55,649
Total interest (expense) income		(74,081)		55,649
Interest expense/finance costs
Lease liabilities		131,291		131,291
Other interest paid – loans		103,357		455,394
Amortization of debt discount		140,837		322,947
Total interest expense/ finance costs		375,485		909,632
Total interest (expense), net	$	(449,566)	$	(853,983)