Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 566

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 566
---
2024  
    Year ended December 31, 2023 

    Conversion price 
    $0.0364 to 0.345  
    $0.104
to 0.345 
  
    Risk free interest rate 
     3.58
to 5.50% 
     3.60 to 5.55%
  
    Expected life of derivative liability 
    $1
to 41 months  
     3.5 to 47 months 
  
    Expected volatility of underlying stock 
     24.3
to 262.09% 
     158.72
to 217.01%
  
    Expected dividend rate 
     0.0% 
     0.0%

The
movement in derivative liability is as follows:

    Year ended December 31, 2024  
    Year ended December 31, 2023 

    Opening balance 
    $1,434,196  
    $2,550,642 
  
    Derivative financial liability arising from convertible notes and warrants 
     226,329  
     385,000 
  
    Derivative liability arising on anti-dilutive convertible notes and warrants 
     6,370,074  
     - 
  
    Fair value adjustment to derivative liability 
     (6,892,395) 
     (1,501,446)
  
    Closing balance 
    $1,138,204  
    $1,434,196 

F-25

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY

a.Common Stock

The
Company has total authorized Common Stock of 750,000,000 shares with a par value of $0.0001 each. The Company had 19,081,446 and13,819,889 shares
of Common Stock issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.

On
May 19, 2023, in terms of a conversion notice received from a convertible note holder, the Company issued 72,464 shares of Common
Stock for the conversion of $25,000 of convertible debt.

On
August 16, 2023, in terms of a conversion notice received from a convertible note holder, the