v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues $ 109,068,246 $ 72,183,236 $ 206,988,082 $ 129,816,052
Cost of revenue 106,321,441 70,311,749 202,160,579 126,009,607
Gross profit 2,746,805 1,871,487 4,827,503 3,806,445
Operating expenses        
General and administration 3,867,624 2,527,716 6,906,331 5,066,900
Total operating expenses 3,867,624 2,527,716 6,906,331 5,066,900
Operating loss (1,120,819) (656,229) (2,078,828) (1,260,455)
Other income (expense)        
Other income 17,059 22,286 42,408 45,514
Other expenses (68,584) (86,775) (79,746)
Interest expense (313,626) (459,118) (664,624) (990,844)
Loss on settlement of debt (926,126) (878,592) (926,126) (878,592)
Loss on settlement of salary payable (216,981) (216,981)
Total other expense (1,222,693) (1,600,989) (1,635,117) (2,120,649)
Net loss before provision for income taxes (2,343,512) (2,257,218) (3,713,945) (3,381,104)
Income taxes (62,109) (91,696) (77,612) (112,271)
Net loss (2,405,621) (2,348,914) (3,791,557) (3,493,375)
Less: Net income attributable to noncontrolling interests 218,237 58,064 189,894 71,561
Net loss attributed to IQSTEL Inc. (2,623,858) (2,406,978) (3,981,451) (3,564,936)
Dividend on Series D Preferred Stock (36,720) (36,720)
Undeclared dividend on Series D Preferred Stock (16,567)
Net loss attributed to stockholders of IQSTEL Inc. (2,660,578) (2,406,978) (4,034,738) (3,564,936)
Comprehensive loss        
Less: Comprehensive income attributable to noncontrolling interests 218,237 58,064 189,894 71,561
Net comprehensive loss attributed to IQSTEL Inc. $ (2,623,858) $ (2,406,978) $ (3,981,451) $ (3,564,936)
Basic and diluted loss per common share $ (0.38) $ (0.82) $ (0.68) $ (1.28)
Weighted average number of common shares outstanding - Basic and diluted 6,936,634 2,952,905 5,913,074 2,792,279