Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1237

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1237
---
859

    715,965

    Total Assets
     
    $
    384,449

    $
    805,216

    Liabilities and Equity (Deficit)

    Current Liabilities

    Accounts payable
     
    $
    2,986,039

    $
    2,023,375

    Federal relief loans – current portion

    8,869

    9,369

    Notes payable, net of unamortized discount of $89,062 and $0, respectively

    1,669,873

    1,062,007

    Convertible debt, net of unamortized discount of $80,971 and $687,503, respectively

    5,016,205

    3,704,280

    Derivative liability

    1,138,204

    1,434,196

    Total Current Liabilities

    10,819,190

    8,233,227

    Non-Current Liabilities

    Federal relief loans

    150,000

    150,000

    Total Non-Current Liabilities

    150,000

    150,000

    Total Liabilities

    10,969,190

    8,383,227

    Stockholders’ Equity (Deficit)

    Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023.

    -

    -

    Common stock, $0.0001 par value; 750,000,000 shares authorized. 19,081,446 and  13,819,889 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.*

    1,908

    1,382

    Additional paid-in-capital*

    52,202,117

    50,656,225

    Accumulated deficit

    (62,788,766
    )

    (58,235,618
    )
  
    Total Stockholders’ Equity (deficit)

    (10,584,741
    )

    (7,578,011
    )
  
    Total Liabilities and
    Stockholders’ Equity (Deficit)
     
    $