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

Consolidated Statements of Financial Position

v3.23.2
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 5,720,569 $ 1,784,938
Restricted cash 11,108,816
Accounts receivable, net 4,856,637 1,018,003
Other Receivables 120,304 66,000
Due from related parties 351,357 44,245
Inventories 1,001,977 92,530
Prepaid expenses and other current assets 1,090,787 3,490,446
Total Current Assets 24,250,447 6,496,162
Property and equipment, net 563,131 6,776,116
Operating lease right-of-use asset 12,573,710 1,077,241
Investments at fair value 29,071 29,069
Goodwill 31,688,887 1,320,100
Intangible assets, net 16,107,293 1,394,969
Other receivables 732,716
Due from related parties 5,288,264
Other non-current assets 26,108 501,750
Total Assets 91,259,627 17,595,407
Current Liabilities    
Accounts payable 1,672,306 1,078,381
Accrued expenses and other current liabilities 3,809,540 2,064,302
Deferred revenue 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 1,590,538 436,271
Loans payable - current portion 334,391 65,415
Convertible debt obligations - current portion 5,752,328 507,765
Short term debt 539,245
Total Current Liabilities 23,377,454 7,139,597
Due to related parties 1,729
Operating lease liabilities – non-current portion 11,394,337 894,589
Loans payable – non-current portion 428,025 85,858
Convertible debt obligations - non-current portion 2,223,523 766,245
Deferred tax liability 3,391,129 723,122
Derivative liabilities 36,488,594
Total Liabilities 77,304,791 9,609,411
Stockholders’ Equity    
Contributed capital 110,534,000 50,924,276
Subscriptions receivable (1,900,857) (1,900,857)
Reserves (32,933,714) (31,888,638)
Accumulated deficit (68,539,210) (13,493,684)
Capital and reserves attributable to owners of Genius Group Ltd 7,160,219 3,641,097
Non-controlling interest 6,794,617 4,344,899
Total Stockholders’ Equity 13,954,836 7,985,996
Total Liabilities and Stockholders’ Equity $ 91,259,627 $ 17,595,407