Registration statement for securities of certain foreign private issuers

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Profit or loss [abstract]        
Revenue $ 11,795,714 $ 5,343,247 $ 18,193,616 $ 8,294,804 [1]
Cost of revenue (5,593,340) (3,112,654) (9,554,327) (5,537,346) [1]
Gross profit 6,202,374 2,230,593 8,639,289 2,757,458 [1]
Operating (Expenses) Income        
General and administrative (13,672,668) (5,249,054) (21,073,794) (7,211,204) [1]
Depreciation and amortization (919,568) (178,807) (1,182,413) (38,864) [1]
Other operating income 1,213 166,001 144,396 490,300 [1]
Impairment loss     (28,246,010) [1]
Legal expenses (776,867)    
Loss from foreign currency transactions 2,425 58,759 135,625 (166,174) [1]
Total operating expenses (15,365,465) (5,203,101) (50,222,196) (6,925,942) [1]
Loss from Operations (9,163,091) (2,972,508) (41,582,907) (4,168,484) [1]
(Expense) Income        
Other income 68,311 30,713 418,437 [1]
Revaluation adjustment of contingent liabilities     (13,838,197) [1]
Interest expense, net (1,999,361) (99,298) (1,312,476) (449,566) [1]
Impairment loss (480,372)    
Other expense (5,227)    
Total Other Expense (1,936,277) (548,957) (14,732,236) (449,566) [1]
Loss Before Income Tax (11,099,368) (3,521,465) (56,315,143) (4,618,050) [1]
Income Tax Benefit 324,666 24,238 1,063,596 128,852 [1]
Net Loss (10,774,702) (3,497,227) (55,251,547) (4,489,198) [1]
Other comprehensive income:        
Foreign currency translation (599,818) (69,375) (1,045,076) 230,081 [1]
Total Comprehensive Loss (11,374,520) (3,566,602) (56,296,623) (4,259,117) [1]
Net Loss is attributed to:        
Owners of Genius Group Ltd (10,147,159) (3,351,554) (55,045,526) (4,315,239) [1]
Non-controlling interest (627,543) (145,673) (206,021) (173,959) [1]
Net Loss (10,774,702) (3,497,227) (55,251,547) (4,489,198) [1]
Total Comprehensive Loss is attributable to:        
Owners of Genius Group Ltd (10,746,977) (3,420,929) (56,090,602) (4,085,158) [1]
Non controlling interest $ (627,543) $ (145,673) $ (206,021) $ (173,959) [1]
Basic earnings (loss) per share from continuing operations $ (0.32) $ (0.20) $ (2.44) $ (0.28)
Diluted earnings (loss) per share from continuing operations $ (0.32) $ (0.20) $ (2.44) $ (0.28)
Weighted-average number of shares outstanding, basic 33,668,483 17,794,634 22,634,366 16,155,812
Weighted-average number of shares outstanding, diluted 33,668,483 17,794,634 22,634,366 16,155,812
Number of shares outstanding, basic     27,705,227 16,155,812
Number of shares outstanding, diluted     27,705,227 16,155,812
[1] Restatement details in Note 2