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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net Revenue $ 5 $ 438
Cost of Goods Sold 284 2,369
Gross loss (279) (1,931)
General and administrative 407,132 1,057,631 1,033,929 2,007,578
Depreciation and amortization 542 139,015 1,084 279,705
Total Expense 407,674 1,196,646 1,035,013 2,287,283
Loss from Operations (407,674) (1,196,925) (1,035,013) (2,289,214)
Loss on convertible notes (36,305) (18,478) (102,352) (18,478)
Loss on disposal of assets (2,600) (2,600)
Interest expense (146,176) (95,079) (283,095) (180,300)
Interest income 7,997 11,279  
Amortization of debt discount (320,346) (88,687) (640,245) (111,654)
Derivative liability movements 107,547 (1,252,682) 923,488 (311,932)
Loss before Income Taxes (797,557) (2,651,851) (1,128,538) (2,911,578)
Income Taxes
Net Loss after income taxes (797,557) (2,651,851) (1,128,538) (2,911,578)
Net loss from equity method investments (88) (1,381) (572) (1,381)
Net loss from continuing operations (797,645) (2,653,232) (1,129,110) (2,912,959)
Discontinued operations        
Operating loss from discontinued operations (25,561) (40,821)
Loss on disposal of subsidiary and investment (495,424) (495,424)
Net loss from discontinued operations, total (520,985) (536,245)
Net loss (797,645) (3,174,217) (1,129,110) (3,449,204)
Net loss attributable to non-controlling interest 1,597
Net loss attributable to Innovative Payment Solutions, Inc., stockholders $ (797,645) $ (3,174,217) $ (1,129,110) $ (3,447,607)
Basic and diluted loss per share*        
Continuing operations Basic (in Dollars per share) [1] $ (0.06) $ (0.21) $ (0.08) $ (0.23)
Discontinued operations Basic (in Dollars per share) [1] (0.04) (0.04)
Earnings Per Share Basic (in Dollars per share) $ (0.06) $ (0.25) $ (0.08) $ (0.27)
Weighted Average Number of Shares Outstanding – Basic (in Shares) 13,819,889 12,596,834 13,819,889 12,580,112
[1] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.