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

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS    
Revenue $ 12,778,262 $ 7,633,776
Cost of revenue (10,020,804) (4,134,108)
Gross profit 2,757,458 3,499,668
Operating (Expenses) Income    
General and administrative (7,211,204) (6,151,221)
Depreciation and amortization (38,864) (40,906)
Other operating income 490,300 133,519
Loss from foreign currency transactions (166,174) (121,909)
Total operating expenses (6,925,942) (6,180,517)
Loss from Operations (4,168,484) (2,680,849)
(Expense) Income    
Interest expense, net (449,566) (853,983)
Other income   411,763
Total Other Expense (449,566) (442,220)
Loss Before Income Tax (4,618,050) (3,123,069)
Income Tax Benefit (Expense) 128,852 (69,245)
Net Loss (4,489,198) (3,192,314)
Other comprehensive income:    
Foreign currency translation 230,081 2,129,081
Total Comprehensive Loss (4,259,117) (1,063,233)
Total Comprehensive Loss is attributable to:    
Owners of Genius Group Ltd (4,085,158) (1,006,037)
Non controlling interest (173,959) (57,196)
Total Comprehensive Loss $ (4,259,117) $ (1,063,233)
Weighted-average number of shares outstanding, basic 16,155,812 16,155,812
Weighted-average number of shares outstanding, diluted 16,155,812 12,575,605
Basic earnings (loss) per share from continuing operations $ (0.28) $ (0.25)
Diluted earnings (loss) per share from continuing operations $ (0.28) $ (0.25)