Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 56

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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15, 2025, options exercisable
for 333,334 shares of Common Stock expired due to the resignation of the Company’s CFO whose options were not exercised in accordance
with the terms allowed under the plan and were therefore cancelled.

The fair value
of the options granted were determined by using a Black Scholes valuation model using the following assumptions:

    Nine months ended September 30, 2025 
  
    Exercise price 
    $0.09 
  
    Risk free interest rate 
     4.67%
  
    Expected life 
     Ten years 
  
    Expected volatility of underlying stock 
     200.7%
  
    Expected dividend rate 
     0%

A summary of option activity during
the period January 1, 2024 to September 30, 2025 is as follows:

    Shares Underlying options  
    Exercise price per share  
    Weighted average exercise price 
  
    Outstanding January 1, 2024 
     1,520,002  
    $1.20 to 12.00  
    $4.46 
  
    Granted 
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     (6,667) 
     1.20  
     1.20 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding December 31, 2024 
     1,513,335  
    $1.20 to 12.00  
    $4.47 
  
    Granted 
     600,000  
     0.09  
     0.09 
  
    Forfeited/Cancelled 
     (333,334) 
     4.50  
     4.50 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding September 30, 2025 
     1,780,001  
    $0.09 to 12.00  
    $2.989 

The options outstanding and exercisable
at September 30 2025 are as follows:

      Options Outstanding   Options Exercisable   Exercise Price*   Number Outstanding   Weighted Average Remaining Contractual life in years   Weighted Average Exercise Price   Number Exercisable   Weighted Average Exercise Price