Company: IPSI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076595
Chunk: 6

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
     -  
     36,207 
  
    Stock based compensation 
     -  
     -  
     -  
     -  
     94,464  
     -  
     94,464 
  
    Net loss 
     -  
     -  
     -  
     -  
     -  
     (797,645) 
     (797,645)
  
    Balance at June 30, 2024 
                -  
    $            -  
     13,819,889  
    $1,382  
    $51,107,595  
    $(59,364,728) 
    $(8,255,751)

See accompanying notes
to unaudited condensed financial statements.

3

INNOVATIVE PAYMENT SOLUTIONS, INC.

Condensed Statements
of Cash Flows

(Unaudited)

    Six months ended  
    Six months ended 

    June 30,  
    June 30, 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(24,321,064) 
    $(1,129,110)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Derivative liability movements 
     (2,635,208) 
     (923,488)
  
    Depreciation 
     1,084  
     1,084 
  
    Amortization of debt discount 
     178,491  
     640,245 
  
    Loss on settlement and repricing of convertible notes 
     17,686,534  
     102,352 
  
    Fair value of price protected warrants 
     8,250,469  
     - 
  
    Deemed interest income 
     (18,658) 
     (11,207)
  
    Unrealized loss on equity method investments 
     -  
     572 
  
    Warrants issued for services 
     -  
     72,414 
  
    Stock based compensation 
     19,186  
     188,928 
  
    Changes in Assets and Liabilities 

    Receivable from equity method investments 
     -