Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 6

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
  
    $51,107,595  
    $(59,364,728) 
    $(8,255,751)
  
    Conversion of convertible debt 
     -  
     -  
     2,365,663  
     237  
     357,972  
     -  
     358,209 
  
    Fair value of securities anti-dilution deemed dividend 
     -  
     -  
     -  
     -  
     426,807  
     (426,807) 
     - 
  
    Fair value of warrants issued for services 
     -  
     -  
     -  
     -  
     2,943  
     -  
     2,943 
  
    Stock based compensation 
     -  
     -  
     -  
     -  
     31,488  
     -  
     31,488 
  
    Net loss 
     -  
     -  
     -  
     -  
     -  
     (1,728,152) 
     (1,728,152)
  
    Balance at September 30, 2024 
     -  
    $-  
     16,185,552  
    $1,619  
    $51,926,805  
    $(61,519,687) 
    $(9,591,263)

See accompanying notes
to unaudited condensed financial statements.

3

INNOVATIVE PAYMENT SOLUTIONS, INC.

Condensed Statements
of Cash Flows

(Unaudited)

    Nine months ended  
    Nine months ended 

    September 30,  
    September 30, 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(46,529,425) 
    $(2,857,262)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Derivative liability movements 
     30,657,732  
     (6,461,496)
  
    Depreciation 
     1,627  
     1,627 
  
    Amort