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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 46,788 $ 373,822
Receivable from equity method investment 22,103
Receivable on sale of subsidiary 166,668
Other current assets 19,080 97,042
Assets held for sale 807,263
Total Current Assets 254,639 1,278,127
Non-current assets    
Plant and equipment 14,861 40,362
Intangible assets 1,191,693 1,401,491
Receivable on sale of subsidiary 64,768
Security deposit 19,800 32,592
Equity method investment 306,839
Investment
Total Non-Current Assets 1,597,961 1,474,445
Total Assets 1,852,600 2,752,572
Current Liabilities    
Accounts payable 1,387,412 727,922
Liabilities held for sale 33,810
Related party payables 50,000
Federal relief loans – current portion 3,275
Notes payable 1,012,736 964,268
Convertible debt, net of unamortized discount of $463,104 and $0, respectively 2,837,176 2,266,602
Derivative liability 3,012,574 2,550,642
Total Current Liabilities 8,303,173 6,543,244
Federal relief loans 158,360 163,978
Total Non-Current Liabilities 158,360 163,978
Total Liabilities 8,461,533 6,707,222
Equity (Deficit)    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022.
Common stock, $0.0001 par value; 750,000,000 shares authorized, 379,075,592 and 376,901,679 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. 37,908 37,690
Additional paid-in-capital 49,200,624 48,405,921
Accumulated deficit (55,847,465) (52,399,858)
Total equity (deficit) attributable to Innovative Payment Solutions, Inc. Stockholders (6,608,933) (3,956,247)
Non-controlling interest 1,597
Total Equity (Deficit) (6,608,933) (3,954,650)
Total Liabilities and Equity (Deficit) $ 1,852,600 $ 2,752,572