Registration statement for securities of certain foreign private issuers

Consolidated Statements of Operations and Comprehensive Loss

v3.23.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
[1]
Profit or loss [abstract]    
Revenue $ 18,193,616 $ 8,294,804
Cost of revenue (9,554,327) (5,537,346)
Gross profit 8,639,289 2,757,458
Operating (Expenses) Income    
General and administrative (21,073,794) (7,211,204)
Depreciation and amortization (1,182,413) (38,864)
Other operating income 144,396 490,300
Impairment loss (28,246,010)
(Loss) gains from foreign currency transactions 135,625 (166,174)
Total operating expenses (50,222,196) (6,925,942)
Loss from Operations (41,582,907) (4,168,484)
Other Expense    
Other Income 418,437
Revaluation adjustment of contingent liabilities (13,838,197)
Interest expense, net (1,312,476) (449,566)
Total Other Expense (14,732,236) (449,566)
Loss Before Income Tax (56,315,143) (4,618,050)
Income Tax Benefit 1,063,596 128,852
Net Loss (55,251,547) (4,489,198)
Other comprehensive income:    
Foreign currency translation (1,045,076) 230,081
Total Comprehensive Loss (56,296,623) (4,259,117)
Net Loss is attributed to:    
Owners of Genius Group Ltd (55,045,526) (4,315,239)
Non-controlling interest (206,021) (173,959)
Net Loss (55,251,547) (4,489,198)
Total Comprehensive Loss is attributable to:    
Owners of Genius Group Ltd (56,090,602) (4,085,158)
Non-controlling interest $ (206,021) $ (173,959)
Net loss per share attributed to common stockholders, basic and diluted $ (2.44) $ (0.28)
Weighted-average number of shares outstanding, basic, and diluted 22,634,366 16,155,812
Number of shares outstanding, basic, and diluted 27,705,227 16,155,812
[1] Restatement details in Note 2