Company: IPSI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076595
Chunk: 56

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 the Unaudited
Condensed Financial Statements

12NET
LOSS PER SHARE

Basic loss
per share is based on the weighted-average number of Common Stock outstanding during each period. Diluted loss per share is based on basic
shares as determined above plus Common Stock equivalents. The computation of diluted net loss per share does not assume the issuance of
Common Stock that have an anti-dilutive effect on net loss per share. For the three and six months ended June 30, 2025 and 2024 all warrants
options and convertible debt securities were excluded from the computation of diluted net loss per share.

Dilutive shares
which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their
affect would have been anti-dilutive for the three and six months ended June 30, 2025 and 2024 are as follows:

    Six months ended June 30, 2025 (Shares)  
    Six months ended June 30,  2024 (Shares) 
  
    Convertible debt 
     4,339,295,470  
     17,120,766 
  
    Stock options 
     1,530,001  
     1,513,335 
  
    Warrants to purchase shares of Common Stock 
     2,222,034,165  
     11,948,731 

     6,562,859,635  
     30,582,832 

13RELATED
PARTY TRANSACTIONS

The following transactions were entered
into with related parties:

William Corbett

In terms of an employment agreement
entered into on January 7, 2025, with Mr. Corbett, which is for a term expiring on December 31, 2025 at a base salary of $20,000 per
month, Mr. Corbett was awarded ten year options exercisable for 600,000 shares of common stock at an exercise price of $0.09 per
share. With the resignation of Mr. Rosenblum, disclosed below, Mr. Corbett assumed the role of Chief Executive Officer, Chief Financial
Officer and President of the Company.

The option expense for options still
vesting for Mr. Corbett was $1,371 and $66,587 for the three months ended June 30, 2025 and 2024, respectively and $19,186 and $133