Company: IPSI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076595
Chunk: 1

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
000  
     150,000 

    Total Liabilities 
     34,079,104  
     10,969,190 

    Stockholders’ (Deficit) 

    Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024. 
     -  
     - 
  
    Common stock, $0.0001 par value; 750,000,000 shares authorized. 319,950,097 and  19,081,446 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 
     31,995  
     1,908 
  
    Additional paid-in-capital 
     55,215,007  
     52,202,117 
  
    Accumulated deficit 
     (88,890,259) 
     (62,788,766)
  
    Total Stockholders’ (deficit) 
     (33,643,257) 
     (10,584,741)
  
    Total Liabilities and Stockholders’ (Deficit) 
    $435,847  
    $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  
    Six months ended  
    Six months ended 

    June 30,  
    June 30,  
    June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 

    Net Revenue 
    $-  
    $-  
    $-  
    $- 

    Cost of Goods Sold 
     -  
     -  
     -  
     - 

    Gross loss 
     -  
     -  
     -  
     - 

    General and administrative 
     170,638  
     407,132  
     424,944  
     1,033,929 
  
    Deprec