Company: IPSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044146
Chunk: 1

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---

     10,969,190 

    Stockholders’ (Deficit) 

    Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024. 
     -  
     - 
  
    Common stock, $0.0001 par value; 750,000,000 shares authorized. 73,889,435 and  19,081,446 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 
     7,389  
     1,908 
  
    Additional paid-in-capital 
     52,954,852  
     52,202,117 
  
    Accumulated deficit 
     (66,888,951) 
     (62,788,766)
  
    Total Stockholders’  (deficit) 
     (13,926,710) 
     (10,584,741)
  
    Total Liabilities and Stockholders’  (Deficit) 
    $391,550  
    $384,449 

See accompanying notes
to the unaudited condensed  financial statements.

1

INNOVATIVE PAYMENT SOLUTIONS, INC.

Condensed Statements
of Operations

(Unaudited)

    Three months ended  
    Three months ended 

    March 31,  
    March 31, 

    2025  
    2024 

    Net Revenue 
    $-  
    $- 

    Cost of Goods Sold 
     -  
     - 

    Gross profit 
     -  
     - 

    General and administrative 
     254,308  
     626,797 
  
    Depreciation and amortization 
     542  
     542 
  
    Total Expense 
     254,850  
     627,339 

    Loss from Operations 
     (254,850) 
     (627,339)

    Loss on convertible debt 
     (2,487,213) 
     (66,047)
  
    Fair value adjustments to price protected warrants 
     (1,618,545) 
     - 
  
    Interest income