Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 577

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 577
---
 and were therefore canceled.

A
summary of option activity during the period January 1, 2023 to December 31, 2024 is as follows:

    Shares
 Underlying
 options*  
    Exercise
 price per
 share*  
    Weighted
 average
 exercise
 price* 
  
    Outstanding January 1, 2023 
     1,543,891  
    $1.20 - 12.00  
    $4.47 
  
    Granted 
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     (23,889) 
    $1.20 - 12.00  
     5.41 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding December 31, 2023 
     1,520,002  
    $1.20 - 12.00  
    $4.46 
  
    Granted 
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     (6,667) 
    $1.20  
     1.20 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding December 31, 2024 
     1,513,335  
    $1.20 - 12.00  
    $4.47 

*After giving effect to a 1
for 30 reverse stock split on August 30, 2023.

F-30

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY
(continued)

e.Stock options (continued)

The
options outstanding and exercisable at December 31, 2024 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*   Weighted Average Remaining Contractual life in years   $        1.20    13,334    7.71         13,334         7