IPSI: the balance sheet

MyFinsight

For the year ending 2025-12-31, IPSI has $4,274,163 in assets. $11,868,260 in debts.

Balance Sheets	2025-12-31
Cash	29,804
Other current assets	41,669
Total current assets	71,473
Plant and equipment	2,689
Equity method investment	4,200,001
Total non-current assets	4,202,690
Total assets	4,274,163

Accounts payable	2,510,541
Related party payables	7,832
Federal relief loans current portion	11,184
Notes payable, net of unamortized discount of 0 and 89,062 respectively	1,997,040
Convertible debt, net of unamortized discount of 200,769 and 80,971, respectively	5,356,624
Convertible debt related party	253,519
Derivative liability	1,581,520
Total current liabilities	11,718,260
Federal relief loans	150,000
Total non-current liabilities	150,000
Total liabilities	11,868,260
Common stock, 0.0001 par value 1,500,000,000 shares authorized 710,872,547 and 19,081,446 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively	71,087
Additional paid-in-capital	61,333,014
Accumulated deficit	-68,998,198
Total stockholders deficit	-7,594,097
Total liabilities and stockholders deficit	4,274,163

Unit: Dollar.