IQST: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, IQST has $46,886,200 in assets. $29,032,924 in debts. $2,259,432 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Deposit for acquisition	-	50,000
Cash	2,259,432	2,038,288
Accounts receivable, net	23,979,191	30,627,972
Inventory	30,658	30,658
Due from related parties	668,177	659,338
Prepaid and other current assets	2,900,271	2,148,774
Total current assets	29,837,729	35,555,030
Property and equipment, net	670,642	609,393
Intangible assets, net	7,077,715	7,198,028
Goodwill	7,958,601	6,750,045
Deferred tax assets	243,108	243,108
Other assets	1,098,405	1,052,894
Total assets	46,886,200	51,408,498

Convertible notes - net of discount of 0 and 210,296	0	0
Loans payable, non-current	34,118	-
Employee benefits, non-current	256,130	276,614
Accounts payable	7,942,825	9,353,772
Contract liabilities	887,408	-
Loans payable - net of discount of 105,323 and 62,898, respectively	2,674,548	4,455,875
Contingent liability for acquisition of subsidiary	285,175	0
Stock payable for acquisition of subsidiary	500,000	-
Accrued and other current liabilities	15,009,370	20,572,944
Loans payable - related parties	211,050	352,007
Convertible notes - net of discount of 7,671 and 138,654, respectively	1,166,471	2,082,673
Due to related parties	65,829	26,613
Total current liabilities	28,742,676	36,843,884
Total liabilities	29,032,924	37,120,498
Equity attributed to stockholders of iqstel inc	13,172,868	-
Equity attributable to noncontrolling interests	4,680,408	-
Total stockholders' equity	17,853,276	14,288,000
Total liabilities and stockholders' equity	46,886,200	51,408,498

Unit: Dollar