| OTHER INCOME |
Other
income consisted of the following:
SCHEDULE OF OTHER INCOME
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
For three months ended | | |
For nine months ended | |
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Accretion expense | |
$ | (3,155 | ) | |
$ | (265,356 | ) | |
$ | (3,155 | ) | |
$ | (719,195 | ) |
| Grant Income | |
| 128,430 | | |
| 42,071 | | |
| 210,339 | | |
| 68,026 | |
| Interest earned | |
| 6,297 | | |
| 18,056 | | |
| 91,350 | | |
| 98,105 | |
| Loss on derivative liability | |
| - | | |
| (3,010,994 | ) | |
| - | | |
| (546,121 | ) |
| Interest expense | |
| (13,037 | ) | |
| (251,962 | ) | |
| (25,291 | ) | |
| (545,000 | ) |
| Legal claim expense | |
| (185,833 | ) | |
| - | | |
| (768,086 | ) | |
| 1,666,000 | |
| Provision for losses on related party transactions | |
| - | | |
| (83,285 | ) | |
| - | | |
| (479,809 | ) |
| R&D tax credits | |
| - | | |
| - | | |
| 416,208 | | |
| - | |
| Other
income | |
$ | (67,298 | ) | |
$ | (3,551,470 | ) | |
$ | (78,635 | ) | |
$ | (457,994 | ) |
|
21. OTHER INCOME
Other
income consisted of the following:
SCHEDULE
OF OTHER INCOME
| | |
2025 | | |
2024 | |
| Interest earned | |
$ | 119,480 | | |
$ | 240,293 | |
| R&D
tax credits | |
| 33,933 | | |
| - | |
| Credit
card reward cash back | |
| 60,000 | | |
| - | |
| Other
income | |
$ | 213,413 | | |
$ | 240,293 | |
VERSES AI INC.
Notes to the Consolidated Financial Statements
For the years ended March 31, 2025 and 2024
(Expressed in United States dollars)
|
|