Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 2306

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 2306
---
 
    $(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 STATEMENTS
OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
FOR THE PERIOD JANUARY 1, 2023 TO DECEMBER 31, 2024

    Preferred Stock Shares  
    Amount 
    Common Stock Shares 
    Amount 
    Additional Paid-in Capital 
    Accumulated Deficit  
    Non-controlling shareholders interest  
    Total Stockholders’ Equity (Deficit) 
  
    Balance at December 31, 2022
     
                -  
    $          - 
     12,563,426 
    $1,256 
    $48,442,355 
    $(52,399,858) 
    $           1,597  
    $(3,954,650)
  
    Conversion of convertible debt
     
     -  
     - 
     1,253,625 
     126 
     523,135 
     -  
     -  
     523,261 
  
    Additional shares issued on reverse stock split
     
     -  
     - 
     2,838 
     - 
     - 
     -  
     -  
     - 
  
    Fair value of warrants issued for services
     
     -  
     - 
     - 
     - 
     159,004 
     -  
     -  
     159,004 
  
    Fair value of warrants issued to convertible debt holders
     
     -  
     - 
     - 
     - 
     1,045,655 
     -  
     -  
     1,045,655 
  
    Stock based compensation
     
     -  
     - 
     - 
     - 
     377,856