Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 56

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 56
---
,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 
     (4,126,341) 
     (5,837,357)

    Net loss attributable to non-controlling interest 
     -  
     1,597 
  
    Deemed dividend 
     (426,807) 
     - 
  
    Net loss attributable to Innovative Payment Solutions, Inc. Stockholders’ 
    $(4,553,148) 
    $(5,835,760)

    Basic and diluted loss per share* 

    Continuing operations* 
    $(0.30) 
    $(0.41)
  
    Discontinued operations* 
     -  
     (0.04)

    $(0.30) 
    $(0.45)

    Weighted Average Number of Shares Outstanding - Basic and diluted* 
     15,077,923  
     12,844,609 

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

The accompanying notes
are an integral part of these audited consolidated financial statements.

F-4

INNOVATIVE PAYMENT
SOLUTIONS, INC.

CONSOLIDATED STATE