Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1240

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1240
---

     - 
     5,261,557 
     526 
     611,691 
     -  
     -  
     612,217 
  
    Fair value of warrant anti-dilution
     
     -  
     - 
     - 
     - 
     426,807 
     (426,807) 
     -  
     - 
  
    Fair value of warrants issued for services
     
     -  
     - 
     - 
     - 
     75,357 
     -  
     -  
     75,357 
  
    Fair value of warrants issued to convertible debt holders
     
     -  
     - 
     - 
     - 
     109,268 
     -  
     -  
     109,268 
  
    Fair value of warrants issued on debt extinguishment
     
     -  
     - 
     - 
     - 
     102,353 
     -  
     -  
     102,353 
  
    Stock based compensation
     
     -  
     - 
     - 
     - 
     220,416 
     -  
     -  
     220,416 
  
    Net loss
     
     -  
     - 
     - 
     - 
     - 
     (4,126,341) 
     -  
     (4,126,341)
  
    Balance at December 31, 2024
     
     -  
    $- 
     19,081,446 
    $1,908 
    $52,202,117 
    $(62,788,766) 
    $-  
    $(10,584,741)

The accompanying notes
are an integral part of these audited consolidated financial statements.

F-5

INNOVATIVE PAYMENT
SOLUTIONS, INC.

CONSOLIDATED STATEMENTS
OF CASH FLOWS

    Twelve months ended  
    Twelve months ended 

    December 31,  
    December 31, 

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING ACTIV