v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 48 $ 29,804
Prepaid expenses 33,026 41,669
Total Current Assets 33,074 71,473
Non-current assets    
Plant and equipment 2,029 2,689
Intangible assets 9,600,000
Equity method investment 1 4,200,001
Total Non-Current Assets 9,602,030 4,202,690
Total Assets 9,635,104 4,274,163
Current Liabilities    
Bank overdraft 1,426
Accounts payable 2,069,591 2,510,541
Related party payables 7,832
Accrued interest on federal relief loans 13,242 11,184
Notes payable 2,124,119 1,997,040
Convertible debt, net of unamortized discount of $104,801 and $200,769, respectively 6,028,384 5,356,624
Convertible debt – related party 263,040 253,519
Derivative liability 12,569,921 1,581,520
Total Current Liabilities 23,069,723 11,718,260
Non-Current Liabilities    
Federal relief loans 150,000 150,000
Total Non-Current Liabilities 150,000 150,000
Total Liabilities 23,219,723 11,868,260
Stockholders’ Deficit    
Preferred stock, $0.0001 par value, 100,000,000 and 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.
Common stock, $0.0001 par value; 5,000,000,000 and 1,500,000,000 shares authorized 953,362,723 and 710,872,547 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 95,336 71,087
Additional paid-in-capital 63,875,909 61,333,014
Accumulated deficit (82,355,838) (68,998,198)
Total deficit attributable to Innovative Payment Solutions, Inc. Stockholders (18,384,593) (7,594,097)
Non-controlling interest 4,799,974
Total shareholders’ deficit (13,584,619) (7,594,097)
Total Liabilities and Stockholders’ Deficit $ 9,635,104 $ 4,274,163