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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 374,765 $ 5,449,751
Other current assets 97,042 85,034
Total Current Assets 471,807 5,534,785
Non-current assets    
Plant and equipment 40,362 28,799
Intangible assets 1,692,811 625,000
Security deposit 47,592 34,800
Investment 500,000 500,001
Total Non-Current Assets 2,280,765 1,188,600
Total Assets 2,752,572 6,723,385
Current Liabilities    
Accounts payable 761,732 465,205
Notes payable 964,268
Convertible debt, net of unamortized discount of $0 and $263,200, respectively 2,266,602 1,961,354
Derivative liability 2,550,642 407,161
Total Current Liabilities 6,543,244 2,833,720
Non-Current Liabilities    
Federal relief loans 163,978 158,353
Total Non-Current Liabilities 163,978 158,353
Total Liabilities 6,707,222 2,992,073
Equity (Deficit)    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2022 and December 31, 2021.
Common stock, $0.0001 par value; 750,000,000 and 500,000,000 shares authorized, 376,901,679 and 367,901,679 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively. 37,690 36,790
Additional paid-in-capital 48,405,921 45,771,012
Accumulated deficit (52,399,858) (42,111,701)
Total equity (deficit) attributable to Innovative Payment Solutions, Inc. Stockholders (3,956,247) 3,696,101
Non-controlling interest 1,597 35,211
Total Equity (Deficit) (3,954,650) 3,731,312
Total Liabilities and Equity (Deficit) $ 2,752,572 $ 6,723,385