v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net Revenue
Cost of Goods Sold
Gross loss
General and administrative 368,366 170,638 1,513,329 424,944
Depreciation and amortization 330 542 660 1,084
Total Expense 368,696 171,180 1,513,989 426,028
Loss from Operations (368,696) (171,180) (1,513,989) (426,028)
Loss on settlement and repricing of convertible notes (20,233,349) (15,199,321) (20,371,357) (17,686,534)
Fair value adjustment to price protected warrants (6,631,924) (8,250,469)
Interest expense (223,572) (227,806) (449,682) (440,549)
Interest income 13,193 25,799
Amortization of debt discount (99,610) (60,434) (193,740) (178,491)
Derivative liability movements 8,189,992 1,706,229 9,208,075 2,635,208
Loss before Income Taxes (12,735,235) (20,571,243) (13,320,693) (24,321,064)
Income Taxes
Consolidated net loss (12,735,235) (20,571,243) (13,320,693) (24,321,064)
Add: Net loss attributable to non-controlling interest 26 26
Net loss attributable to Innovative Payment Solutions stockholders’ (12,735,209) (20,571,243) (13,320,667) (24,321,064)
Deemed dividend (36,973) (1,430,065) (36,973) (1,780,429)
Net loss attributable to Innovative Payment Solutions common stockholders $ (12,772,182) $ (22,001,308) $ (13,357,640) $ (26,101,493)
Basic loss per share (in Dollars per share) $ (0.01) $ (0.11) $ (0.02) $ (0.23)
Diluted loss per share (in Dollars per share) $ (0.01) $ (0.11) $ (0.02) $ (0.23)
Weighted Average Number of Shares Outstanding – Basic (in Shares) 920,839,272 195,354,467 845,093,387 115,531,476
Weighted Average Number of Shares Outstanding - Diluted (in Shares) 920,839,272 195,354,467 845,093,387 115,531,476