Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 177

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 177
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5 to $0.345 per share to a conversion price of $0.01 per share, resulting
in a gain on repricing of convertible debt and a reduction in derivative liability of $11,955,877.

29

INNOVATIVE PAYMENT SOLUTIONS, INC.

Notes to the Unaudited
Condensed Financial Statements

12NET
LOSS PER SHARE

Basic loss
per share is based on the weighted-average number of Common Stock outstanding during each period. Diluted loss per share is based on basic
shares as determined above plus Common Stock equivalents. The computation of diluted net loss per share does not assume the issuance of
Common Stock that have an anti-dilutive effect on net loss per share. For the three and nine months ended September 30, 2025 and 2024
all warrants options and convertible debt securities were excluded from the computation of diluted net loss per share.

Dilutive shares
which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their
affect would have been anti-dilutive for the three and nine months ended September 30, 2025 and 2024 are as follows:

    Nine months ended September 30, 2025 (Shares)  
    Nine months ended September 30,  2024 (Shares) 
  
    Convertible debt 
     599,675,944  
     38,680,397 
  
    Stock options 
     1,555,001  
     1,513,335 
  
    Warrants to purchase shares of Common Stock 
     2,231,503,000  
     21,721,759 

     2,832,733,945  
     61,915,491 

13RELATED
PARTY TRANSACTIONS

The following transactions were entered
into with related parties:

William Corbett

In terms of an employment agreement
entered into on January 7, 2025, with Mr. Corbett, which is for a term expiring on December 31, 2025 at a base salary of $20,000 per
month, Mr. Corbett was awarded ten year options exercisable for 600,000 shares of common stock at an exercise price of $0.09 per
share. With the resignation of Mr. Rosenblum, disclosed below, Mr. Corbett assumed the role of Chief Executive Officer, Chief Financial
Off