Innovative Payment Solutions, Inc. (IPSI) Form 10-Q — Aug 14, 2026
Innovative Payment Solutions' Q2 2026 10-Q discloses substantial doubt about the company's ability to continue as a going concern. The company reported zero revenue for the three and six months ended June 30, 2026, with just $48 of cash on hand against $23.2 million of total liabilities and a $13.6 million stockholders' deficit. The quarter's $12.7 million net loss was driven almost entirely by a $20.2 million loss on repricing of convertible debt after the forbearance agreement with noteholders Cavalry Fund I LP and Mercer Street Global Opportunity Fund expired on May 1, 2026.
Key figures
- Revenue
- 0
- Total Assets
- 9635104
- Cash Position
- 48
- Shares Outstanding
- 994175223
- Total liabilities
- 23219723
- Authorized common shares
- 5000000000
- Notes payable all matured
- 2124119
- Convertible debt principal
- 5149325
- Intangible assets from vies
- 9600000
- Weighted avg shares q2 2026
- 920839272
- Shares outstanding dec 31 2025
- 710872547
- Shares outstanding jun 30 2026
- 953362723
- Derivative liability jun 30 2026
- 12569921
- Anti dilutive shares excluded from eps
- 5498896008
AI analysis
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