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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current Assets      
Cash $ 1,352,983 $ 5,449,751 $ 94,703
Other current assets 133,880 85,034 5,270
Total Current Assets 1,486,863 5,534,785 99,973
Non-current assets      
Plant and equipment 52,434 28,799 37,500
Intangible assets 1,198,011 625,000
Right of use asset   51,926
Security deposit 47,592 34,800 4,000
Investment 500,001 500,001 1
Total Non-Current Assets 1,798,038 1,188,600 93,427
Total Assets 3,284,901 6,723,385 193,400
Current Liabilities      
Accounts payable 574,825 465,205 461,577
Related party payables   4,000
Federal relief loans   60,292
Loans payable   23,633
Convertible debt, net of unamortized discount 2,210,802 1,961,354 903,641
Operating lease liability   44,134
Derivative liability 710,389 407,161 2,966,416
Total Current Liabilities 3,496,016 2,833,720 4,463,693
Non-Current Liabilities      
Federal relief loans 162,560 158,353 152,728
Operating lease liability   7,792
Total Non-Current Liabilities 162,560 158,353 160,520
Total Liabilities 3,658,576 2,992,073 4,624,213
Equity (Deficit)      
Preferred stock value
Common stock value 37,690 36,790 19,363
Additional paid-in-capital 47,863,546 45,771,012 23,179,399
Accumulated deficit (48,290,394) (42,111,701) (27,629,575)
Total equity (deficit) attributable to Innovative Payment Solutions, inc. Stockholders (389,158) 3,696,101 (4,430,813)
Non-controlling interest 15,483 35,211
Total Equity (Deficit) (373,675) 3,731,312 (4,430,813)
Total Liabilities and Equity (Deficit) $ 3,284,901 $ 6,723,385 $ 193,400