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Non-Controlling Interest In Versus LLC | 9 Months Ended | 12 Months Ended
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Sep. 30, 2024 | Dec. 31, 2023
Non-Controlling Interest In Versus LLC [Abstract] |  |
NON-CONTROLLING INTEREST IN VERSUS LLC | 4. NON-CONTROLLING INTEREST IN VERSUS LLC The Company holds a 81.9% 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. The net loss for Versus, LLC for the three month and nine month periods ended September 30, 2024 was $543,107 and $3,448,893, respectively. The net loss for Versus, LLC for the three month and nine month periods ended September 30, 2023 was $2,363,489 and $4,995,685, respectively. The net income (loss) attributable to the non-controlling interest for the three month and nine month periods ended September 30, 2024 was $(31,920) and $297,569, respectively The net income (loss) attributable to the non-controlling interest for the three month and nine month periods ended September 30, 2023 was $215,958 and $603,271, respectively The following table presents summarized financial information before intragroup eliminations for the non-wholly owned subsidiary as of September 30, 2024 and 2023.
|  | September 30, 2024 |  | December 31, 2023
Non-controlling interest percentage |  | 18.1% |  | 18.1%
|  | ($) |  | ($)
Assets |  |  |  |  |  |
Current |  | 676,300 |  |  | 2,996,250 |
Non-current |  | — |  |  | 1,935 |
|  | 676,300 |  |  | 2,998,185 |
Liabilities |  |  |  |  |  |
Current |  | 19,853 |  |  | 170,051 |
Non-current |  | 45,997,362 |  |  | 45,960,372 |
|  | 46,017,215 |  |  | 43,354,484 |
Net liabilities |  | (45,340,915 | ) |  | (46,135,423 | )
Non-controlling interest |  | (7,685,116 | ) |  | (7,387,547 | )
| 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. During 2019, the Company increased its ownership by 25.2% in a series of transactions through the issuance of common shares and warrants. On March 1, 2022, the Company acquired an additional 15.1% interest in Versus LLC in exchange for 715 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 additional-paid-in-capital. The effect on non-controlling interest was a reduction of $4,376,337. The following table presents summarized financial information before intragroup eliminations for the non-wholly owned subsidiary as of December 31, 2023 and December 31, 2022.
|  | 2023 |  | 2022
Non-controlling interest percentage |  | 18.1% |  | 18.1%
|  | ($) |  | ($)
Assets |  |  |  |  |  |
Current |  | 2,996,250 |  |  | 1,011,636 |
Non-current |  | 1,935 |  |  | 2,822,122 |
|  | 2,998,185 |  |  | 3,843,758 |
Liabilities |  |  |  |  |  |
Current |  | 175,051 |  |  | 518,701 |
Non-current |  | 45,960,372 |  |  | 39,774,321 |
|  | 46,135,423 |  |  | 40,293,022 |
Net liabilities |  | (43,137,238 | ) |  | (36,449,264 | )
Non-controlling interest |  | (7,387,547 | ) |  | (6,402,387 | )
Net loss |  | (10,418,840 | ) |  | (22,318,222 | )
Net loss attributed to non-controlling interest |  | (985,160 | ) |  | (2,146,185 | )

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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