Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 174

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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 to 12.00  
    $4.46 
  
    Granted 
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     (6,667) 
     1.20  
     1.20 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding December 31, 2024 
     1,513,335  
    $1.20 to 12.00  
    $4.47 
  
    Granted 
     600,000  
     0.09  
     0.09 
  
    Forfeited/Cancelled 
     (333,334) 
     4.50  
     4.50 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding September 30, 2025 
     1,780,001  
    $0.09 to 12.00  
    $2.989 

The options outstanding and exercisable
at September 30 2025 are as follows:

      Options Outstanding   Options Exercisable   Exercise Price*   Number Outstanding   Weighted Average Remaining Contractual life in years   Weighted Average Exercise Price   Number Exercisable   Weighted Average Exercise Price   Weighted Average Remaining Contractual life in years   $0.09    600,000    9.28         375,000         9.28   $1.20    13,334    6.96         13,334         6.96   $4.50    1,166,667    6.27         1,166,667         6.27         1,780,001    7.29   $2.989    1,555,001   $3.408    7.29  

The options outstanding have an intrinsic
value of $0 as of September 30, 2025 and December 31, 2024.

The option expense was $1,371 and $31,488
for the three months ended September 30, 2025 and