Company: IPSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044146
Chunk: 2

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     12,607  
     3,282 
  
    Interest expense 
     (212,743) 
     (136,919)
  
    Amortization of debt discount 
     (118,056) 
     (319,899)
  
    Derivative liability movements 
     928,979  
     815,941 
  
    Loss before Income Taxes 
     (3,749,821) 
     (330,981)

    Income Taxes 
     -  
     - 
  
    Net Loss after income taxes 
     (3,749,821) 
     (330,981)

    Net loss from equity method investments 
     -  
     (484)
  
    Net loss 
     (3,749,821) 
     (331,465)
  
    Deemed dividend 
     (350,364) 
     - 
  
    Net loss attributable to common stockholders 
    $(4,100,185) 
    $(331,465)

    Basic and diluted loss per share 
    $(0.12) 
    $(0.02)

    Weighted Average Number of Shares Outstanding – Basic and diluted 
     34,821,561  
     13,819,889 

See accompanying notes
to the unaudited condensed  financial statements.

2

INNOVATIVE PAYMENT SOLUTIONS, INC.

Condensed Statements
of Changes in Stockholders’ Equity (Deficit)

(Unaudited)

    Preferred Stock Shares  
    Amount  
    Common Stock Shares  
    Amount  
    Additional Paid-in Capital  
    Accumulated Deficit  
    Total Stockholders’ Equity (Deficit) 
  
    Balance at December 31, 2024 
            -  
    $         -  
     19,081,446  
    $1,908  
    $52,202,117  
    $(62,788,766) 
    $(10,584,741)
  
    Conversion of convertible debt 
     -  
     -  
     54,807,989  
     5,481  
     331,821  
     -  
     337,302 
  
    Fair value of warrants anti-dilution deemed dividend 
     -  
     -  
     -