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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash $ 2,531,868 $ 5,449,751
Other current assets 26,722 85,034
Total Current Assets 2,558,590 5,534,785
Non-current assets    
Plant and equipment 19,806 28,799
Intangible assets 964,710 625,000
Security deposit 34,800 34,800
Investment 500,001 500,001
Total Non-Current Assets 1,519,317 1,188,600
Total Assets 4,077,907 6,723,385
Current Liabilities    
Accounts payable 404,844 465,205
Convertible debt, net of unamortized discount of $0 and $263,200, respectively 1,796,972 1,961,354
Derivative liability 557,102 407,161
Total Current Liabilities 2,758,918 2,833,720
Non-Current Liabilities    
Federal relief loans 161,142 158,353
Total Non-Current Liabilities 161,142 158,353
Total Liabilities 2,920,060 2,992,073
Equity    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2022 and December 31, 2021.
Common stock, $0.0001 par value; 750,000,000 and 500,000,000 shares authorized, 367,901,679 shares issued and outstanding as of June 30, 2022 and December 31, 2021. 36,790 36,790
Additional paid-in-capital 46,085,472 45,771,012
Accumulated deficit (44,987,550) (42,111,701)
Total equity attributable to Innovative Payment Solutions, Inc. Stockholders 1,134,712 3,696,101
Non-controlling interest 23,135 35,211
Total Equity 1,157,847 3,731,312
Total Liabilities and Equity $ 4,077,907 $ 6,723,385