Company: IPSI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076595
Chunk: 7

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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     (900)
  
    Other current assets 
     (6,995) 
     21,267 
  
    Accounts payable and accrued expenses 
     12,417  
     426,727 
  
    Related party payables 
     5,106  
     - 
  
    Interest receivable 
     (7,141) 
     (72)
  
    Interest accruals 
     437,656  
     247,793 
  
    CASH USED IN OPERATING ACTIVITIES 
     (398,123) 
     (363,395)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Investment in notes receivable 
     -  
     (188,333)
  
    Investment in equity method investment 
     -  
     (500)
  
    CASH USED IN INVESTING ACTIVITIES 
     -  
     (188,833)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from bank overdraft 
     811  
     - 
  
    Proceeds from notes payable 
     -  
     100,000 
  
    Proceeds from convertible notes 
     417,000  
     718,835 
  
    Repayment of convertible notes 
     -  
     (238,013)
  
    NET CASH PROVIDED BY FINANCING ACTIVITIES 
     417,811  
     580,822 

    NET INCRERASE (DECREASE) IN CASH 
     19,688  
     28,594 
  
    Cash and cash included in assets held for sale at the beginning of the period 
     526  
     50,433 
  
    CASH AT END OF PERIOD 
    $20,214  
    $79,027 
  
    CASH PAID FOR INTEREST AND TAXES: 

    Cash paid for income taxes 
    $-  
    $- 
  
    Cash paid for interest 
    $2,895  
    $35,302 
  
    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Fair value of warrants issued with convertible notes 
    $105,167  
    $87,676 
  
    Conversion of convertible debt to equity 
    $