Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 230

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 230
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 activities – continuing operations 
     (338,833) 
     (1,028,605)
  
    Net cash used in investing activities – discontinued operations 
     -  
     (36,230)
  
    NET CASH USED IN INVESTING ACTIVITIES 
     (338,833) 
     (1,064,835)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from short term notes and convertible notes 
     1,318,834  
     2,461,666 
  
    Repayment of convertible notes 
     (381,832) 
     (304,354)
  
    Proceeds from non-controlling shareholders 
        
     - 
  
    NET CASH PROVIDED BY FINANCING ACTIVITIES 
     937,002  
     2,157,312 

    NET DECREASE IN CASH 
     (49,907) 
     (324,332)
  
    CASH AT BEGINNING OF YEAR 
     50,433  
     374,765 
  
    CASH AT END OF YEAR 
    $526  
    $50,433 

    RECONCILIATION OF OPENING CASH WITHIN THE BALANCE SHEET TO THE STATEMENT OF CASH FLOWS 

    Cash 
    $50,433  
    $373,822 
  
    Cash included in assets held for resale 
     -  
     943 
  
    CASH AT BEGINNING OF THE YEAR 
    $50,433  
    $374,765 

    RECONCILIATION OF CLOSING CASH WITHIN THE BALANCE SHEET TO THE STATEMENT OF CASH FLOWS 

    Cash 
    $526  
    $50,433 
  
    CASH AT END OF THE YEAR 
    $526  
    $50,433 

    CASH PAID FOR INTEREST AND TAXES: 

    Cash paid for income taxes 
    $-  
    $- 
  
    Cash paid for interest 
    $(55,055) 
    $(31,403)

    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Fair value of warrants issued with convertible notes 
    $109,268  
    $1,045,655 
  
    Conversion of convertible debt