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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net Revenue $ (28) $ 410
Cost of Goods Sold 387 2,756
Gross loss (415) (2,346)
General and administrative 745,688 2,705,833 2,753,266 4,326,413
Depreciation and amortization 100,387 20,500 380,092 29,493
Total Expense 846,075 2,726,333 3,133,358 4,355,906
Loss from Operations (846,490) (2,726,333) (3,135,704) (4,355,906)
Loss on debt conversion (58,769) (77,247)
Penalty on convertible notes (9,306) (602,100) (9,306) (1,321,658)
Loss on novation (1,066,165)   (1,066,165)
Fair value of warrants issued (14,176)   (14,176)  
Interest expense (110,328) (51,340) (290,628) (142,302)
Amortization of debt discount (303,042) (414,696) (263,200)
Derivative liability movements 1,795,642 84,895 1,483,710 (65,046)
Loss before Income Taxes (612,634) (3,294,878) (3,524,212) (6,148,112)
Income Taxes
Net Loss after income taxes (612,634) (3,294,878) (3,524,212) (6,148,112)
Net loss from equity method investments (402,509) (403,890)
Net loss from continuing operations (1,015,143) (3,294,878) (3,928,102) (6,148,112)
Discontinued operations        
Operating loss from discontinued operations (15,618) (40,821) (59,962)
Loss on disposal of subsidiary and investment (495,424)
Discontinued operations (15,618) (536,245) (59,962)
Net loss (1,015,143) [1] (3,310,496) [1] (4,464,347) (6,208,074)
Net loss attributable to non-controlling interest 7,652 1,597 29,381
Net loss attributable to Innovative Payment Solutions, Inc., stockholders $ (1,015,143) $ (3,302,844) $ (4,462,750) $ (6,178,693)
Basic and diluted loss per share*        
Continuing operations (in Dollars per share) [2] $ (0.08) $ (0.26) $ (0.31) $ (0.5)
Discontinued operations (in Dollars per share) [2] 0 0 (0.04) 0
Basic and diluted loss per share total (in Dollars per share) $ (0.08) $ (0.26) $ (0.35) $ (0.5)
Weighted Average Number of Shares Outstanding – Basic (in Shares) [2] 12,789,493 12,531,868 12,650,758 12,353,866
[1] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.
[2] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.