Registration statement for securities of certain foreign private issuers

Condensed Consolidated Statements of Financial Position

v3.23.3
Condensed Consolidated Statements of Financial Position - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Current Assets      
Cash and cash equivalents $ 2,624,432 $ 5,720,569 $ 1,784,938
Restricted cash 11,108,816
Accounts receivable, net 3,843,414 4,856,637 1,018,003
Other receivables 88,594 120,304 66,000
Income tax receivable 130,957
Due from related parties 252,060 351,357 44,245
Inventories 1,171,728 1,001,977 92,530
Prepaid expenses and other current assets 1,238,196 1,090,787 3,490,446
Total Current Assets 9,349,381 24,250,447 6,496,162
Property and equipment, net 203,934 563,131 6,776,116
Operating lease right-of-use asset 12,344,687 12,573,710 1,077,241
Investments at fair value 44,413 29,071 29,069
Goodwill 31,677,406 31,688,887 1,320,100
Intangible assets, net 15,421,531 16,107,293 1,394,969
Other receivables 767,982 732,716
Due from related parties 5,566,247 5,288,264
Other non-current assets 26,286 26,108 501,750
Total Assets 75,401,867 91,259,627 17,595,407
Current Liabilities      
Accounts payable 2,224,294 1,672,306 1,078,381
Accrued expenses and other current liabilities 3,391,966 3,809,540 2,064,302
Deferred revenue 5,050,855 6,391,993 2,561,912
Income tax payable 355,023
Due to related parties   2,932,090 425,551
Operating lease liabilities – current portion 1,325,839 1,590,538 436,271
Loans payable – current portion 330,108 334,391 65,415
Loans payable – related parties – current portion 1,018,628 2,932,090  
Convertible debt obligations, current portion 3,773,790 5,752,328 507,765
Short term debt 369,245 539,245
Total Current Liabilities 17,484,725 23,377,454 7,139,597
Due to related parties 1,812 1,729
Operating lease liabilities – non-current portion 11,436,814 11,394,337 894,589
Loans payable – non-current portion 412,121 428,025 85,858
Convertible debt obligations, non-current portion 137,500 2,223,523 766,245
Deferred tax liability 3,300,516 3,391,129 723,122
Derivative liabilities 36,488,594 36,488,594
Total Liabilities 69,262,082 77,304,791 9,609,411
Commitments and Contingencies
Stockholders’ Equity:      
Contributed capital 114,218,578 110,534,000 50,924,276
Subscriptions receivable (1,900,857) (1,900,857) (1,900,857)
Reserves (33,697,262) (32,933,714) (31,888,638)
Accumulated deficit (78,522,639) (68,539,210) (13,493,684)
Capital and reserves attributable to owners of Genius Group Ltd 97,820 7,160,219 3,641,097
Non controlling interest 6,041,965 6,794,617 4,344,899
Total Stockholders’ Equity 6,139,785 13,954,836 7,985,996
Total Liabilities and Stockholders’ Equity $ 75,401,867 $ 91,259,627 $ 17,595,407