INNOVATIVE PAYMENT SOLUTIONS, INC.: 10-Q filed 2022-11-14

Name: INNOVATIVE PAYMENT SOLUTIONS, INC.: 10-Q filed 2022-11-14
Creator: INNOVATIVE PAYMENT SOLUTIONS, INC.

What INNOVATIVE PAYMENT SOLUTIONS, INC. reported in its quarterly report filed 2022-11-14 (fiscal Q3 2022): 36 published measures, 105 facts as tagged in accession 0001213900-22-071662.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-14
Fiscal period: fiscal Q3 2022
Accession: 0001213900-22-071662 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All INNOVATIVE PAYMENT SOLUTIONS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-09-30	3,284,901	USD
At 2021-12-31	6,723,385	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-09-30	3,658,576	USD
At 2021-12-31	2,992,073	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2022-09-30	-389,158	USD
At 2021-12-31	3,696,101	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-09-30	1,352,983	USD
At 2021-12-31	5,449,751	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-3,302,844	USD	92
2022-01-01 to 2022-09-30	-6,178,693	USD	273
2021-07-01 to 2021-09-30	-1,743,077	USD	92
2021-01-01 to 2021-09-30	-13,253,462	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-2,320,426	USD	273
2021-01-01 to 2021-09-30	-1,883,716	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	40,500	USD	273
2021-01-01 to 2021-09-30	9,234	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-1,137,410	USD	273
2021-01-01 to 2021-09-30	9,084,200	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-638,932	USD	273
2021-01-01 to 2021-09-30	-764,034	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-09-30	-48,290,394	USD
At 2021-12-31	-42,111,701	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	375,956,027	shares	92
2022-01-01 to 2022-09-30	370,615,966	shares	273
2021-07-01 to 2021-09-30	364,722,331	shares	92
2021-01-01 to 2021-09-30	323,034,956	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	375,956,027	shares	92
2022-01-01 to 2022-09-30	370,615,966	shares	273
2021-07-01 to 2021-09-30	364,722,331	shares	92
2021-01-01 to 2021-09-30	323,034,956	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.01	USD/shares	92
2022-01-01 to 2022-09-30	-0.02	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.04	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.01	USD/shares	92
2022-01-01 to 2022-09-30	-0.02	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.04	USD/shares	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-09-30	52,434	USD
At 2021-12-31	28,799	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	1,437,516	USD	273
2021-01-01 to 2021-09-30	6,416,471	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-2,741,951	USD	92
2022-01-01 to 2022-09-30	-4,415,868	USD	273
2021-07-01 to 2021-09-30	-2,752,335	USD	92
2021-01-01 to 2021-09-30	-9,470,427	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-09-30	1,486,863	USD
At 2021-12-31	5,534,785	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-09-30	3,496,016	USD
At 2021-12-31	2,833,720	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-09-30	574,825	USD
At 2021-12-31	465,205	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-09-30	12,629	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	2,741,951	USD	92
2022-01-01 to 2022-09-30	4,415,868	USD	273
2021-07-01 to 2021-09-30	2,752,335	USD	92
2021-01-01 to 2021-09-30	9,470,427	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-09-30	376,901,679	shares
At 2021-12-31	367,901,679	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-09-30	1,352,983	USD
At 2021-12-31	5,449,751	USD
At 2021-09-30	6,531,153	USD
At 2020-12-31	94,703	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-09-30	47,863,546	USD
At 2021-12-31	45,771,012	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2022-09-30	-373,675	USD
At 2022-06-30	1,157,847	USD
At 2022-03-31	2,078,298	USD
At 2021-12-31	3,731,312	USD
At 2021-09-30	4,453,163	USD
At 2021-06-30	3,950,508	USD
At 2021-03-31	2,413,011	USD
At 2020-12-31	-4,430,813	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-09-30	1,000	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-09-30	1,198,011	USD
At 2021-12-31	625,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-3,310,496	USD	92
2022-01-01 to 2022-09-30	-6,208,074	USD	273
2021-07-01 to 2021-09-30	-1,743,077	USD	92
2021-01-01 to 2021-09-30	-13,253,462	USD	273

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-3,310,496	USD	92
2022-01-01 to 2022-09-30	-6,208,074	USD	273
2022-04-01 to 2022-06-30	-1,087,332	USD	91
2022-01-01 to 2022-03-31	-1,810,246	USD	90
2021-07-01 to 2021-09-30	-1,743,077	USD	92
2021-01-01 to 2021-09-30	-13,253,462	USD	273
2021-04-01 to 2021-06-30	-116,279	USD	91
2021-01-01 to 2021-03-31	-11,394,106	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	2,721,451	USD	92
2022-01-01 to 2022-09-30	4,386,375	USD	273
2021-07-01 to 2021-09-30	2,747,693	USD	92
2021-01-01 to 2021-09-30	9,457,134	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	29,493	USD	273
2021-01-01 to 2021-09-30	13,293	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	20,500	USD	92
2022-01-01 to 2022-09-30	29,493	USD	273
2021-07-01 to 2021-09-30	4,642	USD	92
2021-01-01 to 2021-09-30	13,293	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	12,629	USD	92
2022-01-01 to 2022-09-30	12,629	USD	273
2021-07-01 to 2021-09-30	0	USD	92
2021-01-01 to 2021-09-30	0	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	88,260	USD	273
2021-01-01 to 2021-09-30	29,813	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	4,550,000	USD	273

Inspect the source

Entity: INNOVATIVE PAYMENT SOLUTIONS, INC. / CIK 0001591913
Captured: 2026-09-20T09:24:14.436Z
SEC response SHA-256: df185d637e59248534b04e8f44fdec152794aad08daae80d878ac0026e794a6c

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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with urlopen("https://canlicapital.com/company-data/0001591913.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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