Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 57

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 57
---
   Weighted Average Remaining Contractual life in years   $0.09    600,000    9.28         375,000         9.28   $1.20    13,334    6.96         13,334         6.96   $4.50    1,166,667    6.27         1,166,667         6.27         1,780,001    7.29   $2.989    1,555,001   $3.408    7.29  

The options outstanding have an intrinsic
value of $0 as of September 30, 2025 and December 31, 2024.

The option expense was $1,371 and $31,488
for the three months ended September 30, 2025 and 2024, respectively and $20,557 and $220,416 for the nine months ended September
30, 2025 and 2024, respectively.

28

INNOVATIVE PAYMENT SOLUTIONS, INC.

Notes to the Unaudited
Condensed Financial Statements

    11
    LOSS ON SETTLEMENT AND REPRICING OF CONVERTIBLE NOTES

The loss on
settlement and repricing of convertible notes consists of the following:

    Three months ended  
    Three months ended  
    Nine months ended  
    Nine months ended 

    September 30,  
    September 30,  
    September 30,  
    September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Expense on extension of maturity date of convertible notes 
    $-  
    $-  
    $-  
    $(102,352)
  
    Penalty on convertible debt 
     -  
     (6,611) 
     (61,729) 
     (6,611)
  
    Loss on conversion of convertible debt 
     (236,312) 
     (159,493) 
     (935,399) 
     (159,493)
  
    Loss on no notice default convertible note 
     -