Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 32

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 32
---
 pay dividends on our common stock for the foreseeable future, and we may
never pay dividends. Consequently, the only opportunity for investors to achieve a return on their investment may be if an active trading
market develops, and investors are able to sell their shares for a profit or if our business is sold at a price that enables investors
to recognize a profit, neither of which we can guarantee will ever take place. Our payment of any future dividends will be at the discretion
of our Board of Directors after taking into account various factors, including but not limited to our financial condition, operating
results, cash needs, and growth plans.

18

Item 1B. Unresolved Staff Comments

None

Item 1C. Cybersecurity

The manner in which
we store and/or transmit sensitive data in connection with our payment processing solutions is an important part of how we operate and
plan to operate. We recognize the importance of assessing, identifying, and managing material risks associated with cybersecurity threats,
as such term is defined in Item 106(a) of Regulation S-K. These risks include, among other things: operational risks, intellectual property
theft, fraud, extortion, harm to employees and violation of data privacy or security laws.

Identifying and assessing
cybersecurity risk is integrated into our overall risk management systems and processes. Cybersecurity risks related to our business,
technical operations, privacy and compliance issues are identified through review by our internal information technology governance,
risk and compliance policies. To defend, detect and respond to cybersecurity incidents, we, among other things: may conduct proactive
privacy and cybersecurity reviews of systems and applications, audit applicable data, conduct employee training, monitor emerging laws
and regulations related to data protection and information security and implement appropriate changes.

Our risk management
program also assesses third party risks, and we perform third-party risk management to identify and mitigate risks from IPSIPay Express
and third parties like OpenPath, EfinityPay, vendors, suppliers, and other business partners associated with our use of third-party service
providers. Cybersecurity risks are evaluated when determining the selection and oversight of applicable third-party service providers
and potential fourth-party risks when handling and/or processing our employee, business or customer data.

Item 2. Properties

The Company does not
operate out of any leased or owned properties. The previous lease was terminated with effect from August 31, 2023.

Item 3. Legal Proceedings

From time to time, we
may become involved in various lawsuits and legal proceedings which