XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Non-Controlling Interest in Versus LLC | 3 Months Ended
--- | ---
Mar. 31, 2023
Non-Controlling Interest in Versus LLC [Abstract] |
NON-CONTROLLING INTEREST IN VERSUS LLC |
| 8. | NON-CONTROLLING INTEREST IN VERSUS LLC
As of December 31, 2018, the Company held a 41.3% ownership interest in Versus LLC, a privately held limited liability company organized under the laws of the state of Nevada. The Company consolidates Versus LLC as a result of having full control over the voting shares. Versus LLC is a technology company that is developing a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players. On May 21, 2019, the Company acquired an additional 25.2% interest in Versus LLC in exchange for 38,268 common shares of the Company and 19,134 share purchase warrants. The common shares and the share purchase warrants were determined to have a fair value of $1,403,675 and $116,595, respectively. As a result, the Company increased its ownership interest to 66.5% and recorded the excess purchase price over net identifiable liabilities of $3,575,884 against reserves. The effect on non-controlling interest was a reduction of $2,053,199. On June 21, 2019, the Company acquired an additional 0.3% interest in Versus LLC in exchange for 189 common shares of the Company and 95 share purchase warrants. The common shares and the share purchase warrants were determined to have a fair value of $6,906 and $2,527, respectively. As a result, the Company increased its ownership interest to 66.8% and recorded the excess purchase price over net identifiable assets of $26,448 against reserves. The effect on non-controlling interest was a reduction of $19,433. On March 1, 2022, the Company acquired an additional 15.1% interest in Versus LLC in exchange for 11,441 common shares of the Company. The common shares were determined to have a fair value of $186,294. As a result, the Company increased its ownership interest to 81.9% and recorded the excess purchase price over net identifiable assets of $4,562,631 against reserves. The effect on non-controlling interest was a reduction of $4,376,337. The following table presents summarized financial information before intragroup eliminations for the non-wholly owned subsidiary as of March 31, 2023 and March 31, 2022 and the three month periods then ended:
|  | 2023 |  |  | 2022 |
Non-controlling interest percentage |  | 18.1% |  |  | 18.1% |
|  | ($) |  |  | ($) |
Assets |  |  |  |  |  |
Current |  |  | 296,337 |  |  |  | 5,250,900 |
Non-current |  |  | 2,491,634 |  |  |  | 2,571,602 |
|  |  | 2,787,971 |  |  |  | 7,822,502 |
Liabilities |  |  |  |  |  |  |  |
Current |  |  | 151,311 |  |  |  | 665,142 |
Non-current |  |  | 40,803,631 |  |  |  | 36,933,902 |
|  |  | 40,954,942 |  |  |  | 37,599,044 |
Net liabilities |  |  | (38,166,971 | ) |  |  | (29,776,542 | )
Non-controlling interest |  |  | (6,515,823 | ) |  |  | (5,018,761 | )
Net loss |  |  | (733,116 | ) |  |  | (3,355,418 | )
Net loss attributed to non-controlling interest |  |  | (132,694 | ) |  |  | (773,517 | )

X
- Definition The entire disclosure for business combinations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2022-03-24 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS03_g59-63__IFRS03_g59-63_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfBusinessCombinationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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