Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 525

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 525
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536,245 
  
    Net loss from continuing operations 
     (4,126,341) 
     (5,301,112)
  
    Adjustment to reconcile net loss to net cash used in operating activities: 

    Derivative liability movements 
     (6,892,395) 
     (1,501,446)
  
    Depreciation 
     2,169  
     380,634 
  
    Amortization of debt discount 
     1,037,914  
     770,372 
  
    Loss on novation 
     -  
     1,066,165 
  
    Loss on convertible notes 
     4,764,680  
     164,323 
  
    Fair value of price protected warrants 
     2,051,405  
     - 
  
    Fair value of warrants issued for services 
     75,357  
     159,004 
  
    Deemed interest income 
     (28,439) 
     - 
  
    Unrealized loss on equity method investments 
     819  
     403,282 
  
    Impairment of equity method investment 
     705,142  
     - 
  
    Stock based compensation 
     220,416  
     377,856 
  
    Impairment of deposit 
     5,000  
     - 
  
    Changes in Assets and Liabilities 

    Other current assets 
     25,001  
     58,224 
  
    Accounts payable and accrued expenses 
     962,663  
     1,577,888 
  
    Interest accruals 
     548,533  
     392,714 
  
    Cash used in operating activities - continuing operations 
     (648,076) 
     (1,452,096)
  
    Cash generated by operating activities - discontinued operations 
     -  
     35,287 
  
    CASH USED IN OPERATING ACTIVITIES 
     (648,076) 
     (1,416,809)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Investment in notes receivable 
     (338,333) 
     - 
  
    Investment in equity method investment 
     (500) 
     (999,000)
  
    Intang