XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.25.4

DEFERRED TAX ASSETS AND LIABILITIES | 12 Months Ended
--- | ---
Dec. 31, 2025
Deferred Tax Assets And Liabilities |
DEFERRED TAX ASSETS AND LIABILITIES | NOTE 17 — DEFERRED TAX ASSETS AND LIABILITIES Deferred tax assets and (liabilities) as of December 31, 2025 and 2024 and the related activity for the years ended December 31, 2025 and 2024 are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | Balance as of December 31, 2024 |  |  | Effect from acquisition of subsidiary |  |  | Recognized in Provision for Income Taxes |  |  | Balance as of December 31, 2025 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible Assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Property, plant, and equipment |  |  | (112 | ) |  |  | (1,292,894 | ) |  |  | 134,776 |  |  |  | (1,158,230 | )
Other |  |  | — |  |  |  | — |  |  |  | (7,248 | ) |  |  | (7,248 | )
|  |  | (112 | ) |  |  | (1,292,894 | ) |  |  | 127,528 |  |  |  | (1,165,478 | )
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Prepaid expenses |  |  | 1,444 |  |  |  | 220,787 |  |  |  | (223,587 | ) |  |  | (1,356 | )
Other (Section 24C allowance) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 1,444 |  |  |  | 220,787 |  |  |  | (223,587 | ) |  |  | (1,356 | )
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income in Advance |  |  | — |  |  |  | 109,489 |  |  |  | (109,775 | ) |  |  | (286 | )
Accrued expenses and provisions |  |  | — |  |  |  | 7,553 |  |  |  | (4,925 | ) |  |  | 2,628 |
Tax Losses |  |  | — |  |  |  | 679,935 |  |  |  | (422,943 | ) |  |  | 256,992 |
Net deferred tax assets and (liabilities) |  | $ | 1,332 |  |  | $ | (275,130 | ) |  | $ | (633,702 | ) |  | $ | (907,500 | )
|  | Balance as of December 31, 2023 |  |  | Recognized in equity |  |  | Recognized in Provision for Income Taxes |  |  | Balance as of December 31, 2024 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible Assets |  | $ | (3,303,471 | ) |  | $ | - |  |  | $ | 3,303,471 |  |  | $ | - |
Property, plant, and equipment |  |  | 595,911 |  |  |  | (795,115 | ) |  |  | 199,092 |  |  |  | (112 | )
Other |  |  | 6,933 |  |  |  | — |  |  |  | (6,933 | ) |  |  | - |
|  |  | (2,700,627 | ) |  |  | (795,115 | ) |  |  | 3,495,630 |  |  |  | (112 | )
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Prepaid expenses |  |  | 333,551 |  |  |  | — |  |  |  | (332,107 | ) |  |  | 1,444 |
Other (Section 24C allowance) |  |  | 986,367 |  |  |  | — |  |  |  | (986,367 | ) |  |  | — |
|  |  | 1,319,918 |  |  |  | — |  |  |  | (1,318,474 | ) |  |  | 1,444 |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income in Advance |  |  | 408,206 |  |  |  | 33,663 |  |  |  | (441,869 | ) |  |  | - |
Tax Losses |  |  | (1,307,820 | ) |  |  | 761,452 |  |  |  | 546,368 |  |  |  | - |
Net deferred tax assets and (liabilities) |  | $ | (2,280,323 | ) |  | $ | - |  |  | $ | 2,281,655 |  |  | $ | 1,332 |
Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2025 and 2024 are as follows: SCHEDULE OF UNUSED TAX LOSSES FOR WHICH NO DEFERRED TAX ASSETS HAVE BEEN RECOGNIZED
|  | 2025 |  |  | 2024 |
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Unused tax losses for which no deferred tax assets has been recognized |  | $ | (67,677,210 | ) |  | $ | (56,417,466 | )
Potential tax benefit of such unused tax losses at applicable statutory tax rates |  | $ | (14,204,743 | ) |  | $ | (11,501,499 | )

X
- References No definition available. + Details
Name: | GNS_DeferredTaxAssetAndLiabilitiesAbstract
Namespace Prefix: | GNS_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration