| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and restricted cash | 1,209,908 | 3,255,995 | ||
| Deferred financing costs | - | 33,151 | ||
| Work in progress | - | 0 | ||
| Accounts receivable | 296,700 | 200,000 | ||
| Tax receivable | 728,193 | 689,203 | ||
| Prepaid expenses | 1,215,775 | 615,716 | ||
| Total current assets | 3,450,576 | 4,794,065 | ||
| Due from related parties | 69,657 | 68,864 | ||
| Equipment | 120,008 | 118,266 | ||
| Total assets | 3,640,241 | 4,981,195 | ||
| Deferred revenue | - | 0 | ||
| Deferred grant | - | 17,832 | ||
| Accounts payable | 1,508,247 | 2,265,506 | ||
| Accrued liabilities | 132,665 | 25,655 | ||
| Provision for legal claim | 9,402,338 | 9,171,174 | ||
| Restricted share unit liability | 1,776,600 | 4,025,461 | ||
| Total current liabilities | 12,819,850 | 15,505,628 | ||
| Loans payable | 139,722 | 140,347 | ||
| Total liabilities | 12,959,572 | 15,645,975 | ||
| Voting shares, value-Class ASubordinate Voting Stock | 121,532,339 | 112,097,010 | ||
| Additional paid-in capital | 18,808,571 | 16,944,375 | ||
| Accumulated other comprehensive loss | -591,715 | -504,697 | ||
| Deficit | -149,068,526 | -139,201,468 | ||
| Total shareholders deficiency | -9,319,331 | -10,664,780 | ||
| Total liabilities and shareholders deficiency | 3,640,241 | 4,981,195 | ||
Verses AI Inc. (VRSSF)
Verses AI Inc. (VRSSF)