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VERSUS SYSTEMS INC.: 10-Q/A filed 2025-08-14

What VERSUS SYSTEMS INC. reported in its quarterly report amendment filed 2025-08-14 (fiscal Q2 2025): 29 published measures, 95 facts as tagged in accession 0001213900-25-076539.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form
10-Q/A (quarterly report amendment)
Filed
2025-08-14
Fiscal period
fiscal Q2 2025
Accession
0001213900-25-076539 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All VERSUS SYSTEMS INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2025-06-303,842,233USD
At 2024-12-313,535,560USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2025-06-3034,187USD
At 2024-12-3126,288USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2025-06-3011,652,703USD
At 2024-12-3111,429,324USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2025-04-01 to 2025-06-30672,335USD91
2025-01-01 to 2025-06-30-289,412USD181
2024-04-01 to 2024-06-30-1,343,545USD91
2024-01-01 to 2024-06-30-2,671,936USD182

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2025-01-01 to 2025-06-30-1,508,972USD181
2024-01-01 to 2024-06-30-3,874,311USD182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2025-01-01 to 2025-06-3023,348USD181
2024-04-01 to 2024-06-3026,937USD91
2024-01-01 to 2024-06-3053,440USD182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2025-06-30-139,765,764USD
At 2024-12-31-139,476,353USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2025-04-01 to 2025-06-304,901,677shares91
2025-01-01 to 2025-06-304,901,677shares181
2024-04-01 to 2024-06-302,506,015shares91
2024-01-01 to 2024-06-302,506,015shares182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2025-04-01 to 2025-06-304,927,369shares91
2025-01-01 to 2025-06-304,901,677shares181
2024-04-01 to 2024-06-302,506,015shares91
2024-01-01 to 2024-06-302,506,015shares182

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2025-04-01 to 2025-06-300.14USD/shares91
2025-01-01 to 2025-06-30-0.06USD/shares181
2024-04-01 to 2024-06-30-0.54USD/shares91
2024-01-01 to 2024-06-30-1.07USD/shares182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2025-04-01 to 2025-06-300.14USD/shares91
2025-01-01 to 2025-06-30-0.06USD/shares181
2024-04-01 to 2024-06-30-0.54USD/shares91
2024-01-01 to 2024-06-30-1.07USD/shares182

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2025-01-01 to 2025-06-30387,476USD181
2024-01-01 to 2024-06-30160,865USD182

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2025-04-01 to 2025-06-30938,801USD91
2025-01-01 to 2025-06-30-233,960USD181
2024-04-01 to 2024-06-30-1,499,668USD91
2024-01-01 to 2024-06-30-3,001,104USD182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2025-06-303,842,233USD
At 2024-12-313,535,560USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2025-06-3034,187USD
At 2024-12-3126,288USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2025-06-30330,000USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2025-04-01 to 2025-06-301,032,977USD91
2025-01-01 to 2025-06-302,396,862USD181
2024-04-01 to 2024-06-301,510,374USD91
2024-01-01 to 2024-06-303,014,267USD182

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2025-04-01 to 2025-06-301,971,778USD91
2025-01-01 to 2025-06-302,162,902USD181
2024-04-01 to 2024-06-3010,706USD91
2024-01-01 to 2024-06-3013,163USD182

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2025-04-01 to 2025-06-308,222USD91
2025-01-01 to 2025-06-3016,446USD181
2024-04-01 to 2024-06-3016,231USD91
2024-01-01 to 2024-06-3040,277USD182

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2025-04-01 to 2025-06-301,026,758USD91
2025-01-01 to 2025-06-302,384,494USD181
2024-04-01 to 2024-06-301,443,171USD91
2024-01-01 to 2024-06-302,907,652USD182

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2025-04-01 to 2025-06-306,219USD91
2025-01-01 to 2025-06-3012,368USD181
2024-04-01 to 2024-06-3067,203USD91
2024-01-01 to 2024-06-30106,615USD182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2025-06-304,901,677shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2025-06-301,682,256USD
At 2024-12-313,065,914USD
At 2024-06-30905,915USD
At 2023-12-314,689,007USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2025-06-30443,973USD
At 2024-12-31318,659USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2025-06-303,808,046USD
At 2025-03-312,726,545USD
At 2024-12-313,509,272USD
At 2024-06-301,797,764USD
At 2024-03-313,176,332USD
At 2023-12-314,556,841USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2025-04-01 to 2025-06-30942,461USD91
2025-01-01 to 2025-06-30-214,016USD181
2024-04-01 to 2024-06-30-1,499,742USD91
2024-01-01 to 2024-06-30-3,001,425USD182

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2025-04-01 to 2025-06-30942,461USD91
2025-01-01 to 2025-06-30-214,016USD181
2025-01-01 to 2025-03-31-1,156,477USD90
2024-04-01 to 2024-06-30-1,499,742USD91
2024-01-01 to 2024-06-30-3,001,425USD182
2024-01-01 to 2024-03-31-1,501,683USD91

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2025-04-01 to 2025-06-30554,771USD91
2025-01-01 to 2025-06-30-414,726USD181
2024-04-01 to 2024-06-30-1,222,371USD91
2024-01-01 to 2024-06-30-2,511,071USD182

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2025-04-01 to 2025-06-303,660USD91
2025-01-01 to 2025-06-3019,944USD181
2024-04-01 to 2024-06-30-74USD91
2024-01-01 to 2024-06-30-321USD182

Inspect the source

Entity
VERSUS SYSTEMS INC. / CIK 0001701963
Captured
2026-09-21T17:24:03.916Z
SEC response SHA-256
7e305ad3de982e5c5eb1bfa00f76ffc220c79aebda837510c7c4ca66a156885e

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

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Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001701963.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))