Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 227

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 227
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    Discontinued operations 

    Operating loss from discontinued operations 
     -  
     (40,821)
  
    Loss on disposal of subsidiary and investment 
     -  
     (495,424)
  
    Net loss from discontinued operations 
     -  
     (536,245)

    Net loss 
     (4,126,341) 
     (5,837,357)

    Net loss attributable to non-controlling interest 
     -  
     1,597 
  
    Deemed dividend 
     (426,807) 
     - 
  
    Net loss attributable to Innovative Payment Solutions, Inc. Stockholders’ 
    $(4,553,148) 
    $(5,835,760)

    Basic and diluted loss per share* 

    Continuing operations* 
    $(0.30) 
    $(0.41)
  
    Discontinued operations* 
     -  
     (0.04)

    $(0.30) 
    $(0.45)

    Weighted Average Number of Shares Outstanding - Basic and diluted* 
     15,077,923  
     12,844,609 

  * After giving effect to a 1 for 30 reverse stock split on August 30, 2023. 

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

F-4

INNOVATIVE PAYMENT
SOLUTIONS, INC.

CONSOLIDATED STATEMENTS
OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
FOR THE PERIOD JANUARY 1, 2023 TO DECEMBER 31, 2024

    Preferred Stock Shares  
    Amount 
    Common Stock Shares 
    Amount 
    Additional Paid-in Capital 
    Accumulated Deficit  
    Non-controlling shareholders interest  
    Total Stockholders’ Equity (Deficit) 
  
    Balance at December 31, 2022
     
                -  
    $          - 
     12,563,426 
    $1,256 
    $48,442,355 
    $(52,399,858) 
    $           1,597  
    $(3,954,650)
  
    Conversion of convertible debt
     
     -  
     - 
     1,253,625