Company: IPSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044146
Chunk: 4

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---

     -  
     94,464  
     -  
     94,464 
  
    Net loss 
     -  
     -  
     -  
     -  
     -  
     (331,465) 
     (331,465)
  
    Balance at March 31, 2024 
     -  
    $-  
     13,819,889  
    $1,382  
    $50,897,756  
    $(58,567,083) 
    $(7,667,945)

See accompanying notes
to unaudited condensed  financial statements.

3

INNOVATIVE PAYMENT SOLUTIONS, INC.

Condensed Statements
of Cash Flows

(Unaudited)

    Three  months  ended  
    Three months  ended 

    March 31,  
    March 31, 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(3,749,821) 
    $(331,465)
  
    Adjustment to reconcile net loss to net cash used in operating activities: 

    Derivative liability movements 
     (928,979) 
     (815,941)
  
    Depreciation 
     542  
     542 
  
    Amortization of debt discount 
     118,056  
     319,899 
  
    Loss on convertible debt 
     2,487,213  
     66,047 
  
    Fair value of price protected warrants 
     1,618,545  
     - 
  
    Fair value of warrants issued for services 
     -  
     36,207 
  
    Deemed interest income 
     (9,056) 
     (3,282)
  
    Unrealized loss on equity method investments 
     -  
     484 
  
    Stock based compensation 
     17,815  
     94,464 
  
    Changes in Assets and Liabilities 

    Other current assets 
     4,495  
     26,221 
  
    Accounts payable and accrued expenses 
     3,675  
     283,679 
  
    Related party payables 
     5,106