Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 166

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 0.0037 
  
    Forfeited/Cancelled 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Vested 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Outstanding September 30 ,2025 
     68,283,167  
    $0.0207  
     -  
    $-  
     68,283,167  
    $0.0207 

The restricted stock granted, issued
and exercisable at September 30, 2025 is as follows:

    Restricted Stock Granted and Vested 
  
    Grant date Price  
    Number Granted  
    Weighted Average Fair Value per Share 
  
    $0.0037  
     67,500,000  
     0.0037 
  
    $1.4700  
     683,167  
    $1.4700 
  
    $1.5000  
     33,333  
     1.5000 
  
    $1.6500  
     66,667  
     1.6500 

     68,283,167  
    $0.0207 

The Company has recorded an expense
of $249,750 and $0 for the three and nine months ended September 30, 2025 and 2024, respectively. 

c.Preferred
Stock

The Company
has authorized 100,000,000 shares of preferred stock with a par value of $0.0001 authorized. No preferred stock
was issued and outstanding as of September 30, 2025 and December 31, 2024.

d.Warrants

On March 4,
2024, the Company entered into a Securities Purchase Agreement with an accredited investor. In terms of the Securities Purchase Agreement,
the Company issued a five-year warrant to purchase an aggregate of 357,764 shares of the Common Stock at an exercise price
of $0.345 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar events). The Company is under
no obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

On March