Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 958

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 958
---
,883,257  
     3,576,352 
  
    Depreciation 
     2,169  
     380,634 
  
    Total Expense 
     1,885,426  
     3,956,986 

    Loss from Operations 
     (1,885,426) 
     (3,960,123)

    Loss on convertible notes 
     (4,764,680) 
     (164,323)
  
    Fair value adjustment to price protected warrants 
     (2,051,405) 
     - 
  
    Loss on novation 
     -  
     (1,066,165)
  
    Fair value of warrants issued 
     -  
     (14,176)
  
    Loss on disposal of assets 
     (2,600) 
     - 
  
    Interest expense 
     (603,588) 
     (424,117)
  
    Interest income 
     32,838  
     - 
  
    Amortization of debt discount 
     (1,037,914) 
     (770,372)
  
    Derivative liability movements 
     6,892,395  
     1,501,446 
  
    Loss before income taxes 
     (3,420,380) 
     (4,897,830)
  
    Income taxes 
     -  
     - 
  
    Net loss after income taxes 
     (3,420,380) 
     (4,897,830)

    Operating loss from equity method investments 
     (819) 
     (403,282)
  
    Impairment of equity method investment 
     (705,142) 
     - 
  
    Total loss from equity method investment 
     (705,961) 
     (403,282)

    Net loss from continuing operations 
     (4,126,341) 
     (5,301,112)

    Discontinued operations 

    Operating loss from discontinued operations 
     -  
     (40,821)
  
    Loss on disposal of subsidiary and investment 
     -  
     (495,424)
  
    Net loss from discontinued operations 
     -  
     (536,245)

    Net loss 
     (4,126,