For the quarter ending 2025-09-30, IPSI has $478,487 in assets. $55,455,185 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 7,045 | 20,214 | ||
| Other current assets | 57,424 | 14,889 | ||
| Notes receivable current portion | 410,786 | 396,970 | ||
| Total current assets | 475,255 | 432,073 | ||
| Plant and equipment | 3,231 | 3,773 | ||
| Equity method investment | 1 | 1 | ||
| Total non-current assets | 3,232 | 3,774 | ||
| Total assets | 478,487 | 435,847 | ||
| Bank overdraft | - | 811 | ||
| Accounts payable | 2,543,058 | 2,561,279 | ||
| Related party payables-Related Party | 7,832 | 5,106 | ||
| Federal relief loans current portion | 10,497 | 9,810 | ||
| Notes payable, net of unamortized discount of 942 and 89,062, respectively | 1,931,852 | 1,858,883 | ||
| Convertible debt, net of unamortized discount of 73,818 and 80,971, respectively | 5,547,021 | 5,570,192 | ||
| Convertible debt related party | 248,679 | 243,840 | ||
| Derivative liability | 45,016,246 | 23,679,183 | ||
| Total current liabilities | 55,305,185 | 33,929,104 | ||
| Federal relief loans | 150,000 | 150,000 | ||
| Total non-current liabilities | 150,000 | 150,000 | ||
| Total liabilities | 55,455,185 | 34,079,104 | ||
| Common stock, 0.0001 par value 1,500,000,000 shares authorized, 454,236,931 and 19,081,446 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 45,424 | 31,995 | ||
| Additional paid-in-capital | 56,110,580 | 55,215,007 | ||
| Accumulated deficit | -111,132,702 | -88,890,259 | ||
| Total stockholders (deficit) | -54,976,698 | -33,643,257 | ||
| Total liabilities and stockholders (deficit) | 478,487 | 435,847 | ||
Innovative Payment Solutions, Inc. (IPSI)
Innovative Payment Solutions, Inc. (IPSI)