$IPSI

INNOVATIVE PYMNT SOLUTION

Catalog and mail-order houses · OTCID

0.000 -60.00% as of 10/29/2026, 3:36:34 PM · delayed

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Official links

Filings

10-Q Fri Aug 14 2026 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View
10-Q Fri May 15 2026 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View
8-K Wed Apr 01 2026 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View
10-K Tue Mar 31 2026 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View
10-Q Fri Nov 14 2025 00:00:00 GMT-0500 (Eastern Standard Time) SEC.gov View
8-K Tue Nov 04 2025 00:00:00 GMT-0500 (Eastern Standard Time) SEC.gov View
8-K Wed Oct 29 2025 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View
10-Q Thu Aug 14 2025 00:00:00 GMT-0400 (Eastern Daylight Time) SEC.gov View

All filings

Timeline

revenue 9/8/2026 Revenue reported: $7.94M, year ended Dec 31, 2018
revenue 9/8/2026 Revenue reported: $3.94M, year ended Dec 31, 2017
import 9/7/2026 IPSI added from OTCID universe
filing 8/13/2026 10-Q filed
filing 5/14/2026 10-Q filed
filing 3/31/2026 8-K filed
filing 3/30/2026 10-K filed
filing 11/13/2025 10-Q filed
filing 11/3/2025 8-K filed
filing 10/28/2025 8-K filed

Company reliability

–

No resolved statements yet.

Revenue

Annual

FY 2018 $7.9M
FY 2017 $3.9M

Source: SEC XBRL

CEO compensation

$360K/yr (from $30K/month) (FY 2026)

All disclosed CEO pay: $2.9M since 2015 (may span more than one CEO)

10-K

Provisional - extracted from filings, not verified.

FY 2025 $2K extracted
FY 2024 $3K extracted

Notes & debt

Provisional - extracted from filings, not verified.

IN DEFAULT · $130.3M in arrears
$572K matured Feb 16, 2021 10% 10-Q · 2026-08-14

Quote

Cavalry Fund LLP On February 16, 2021, the Company closed a transaction with Cavalry pursuant to which the Company received net proceeds of $ 500,500 , after an original issue discount of $ 71,500 in exchange for the issuance of a $ 572,000 Senior Secured Convertible Note, bearing interest at 10 % per annum and maturing on February 16, 2022.
$482K matured Dec 30, 2023 10-Q · 2026-08-14

Quote

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 13 CONVERTIBLE NOTES PAYABLE (continued) Cavalry and Mercer December 2022 Note Amendment Transaction (continued) (2) The Original Warrants issued on February 16, 2021 were irrevocably exchanged for 12-month non-convertible promissory notes in the amount of $ 482,000 (the “Exchange Notes”).
$0 matured Feb 13, 2024 10-Q · 2026-08-14

Quote

On March 14, 2024, the Company extended the maturity date of 11 convertible notes maturing between February 13, 2024 and February 23, 2024 by an additional six months and as compensation for the extension, the note holders were issued warrants exercisable for 387,673 shares of Common Stock at an exercise price of $ 0.345 per share.
$8K matured Jan 6, 2026 8% 10-Q · 2026-08-14

Quote

Corbett, the Company’s CEO, has a convertible note payable to him which matured on January 6, 2026 and is technically in default.
$82.4M matured Jun 30, 2026 10-Q · 2026-08-14

Quote

The decrease is primarily due to the reduction in the fair value of price protected warrants, the net credit on derivative liability movements and the reduction in deemed dividends, offset by the increase in general and administrative expenses, and an increase in the loss on settlement and repricing of convertible notes, discussed in detail above.
$9.2M matured Jun 30, 2026 10-Q · 2026-08-14

Quote

The decrease is primarily due to the decrease in the fair value adjustment to price protected warrants, the net credit on derivative liability movements and the reduction in deemed dividends, offset by an increase in general and administrative expenses, and an increase in the loss on settlement and repricing of convertible notes, discussed in detail above.
$263K matured Jun 30, 2026 10-Q · 2026-08-14

Quote

As of June 30, 2026, we calculated that the potential dilutive impact of conversion of the convertible notes is a total of 5,094,790,511 shares of common stock after the expiry of a forbearance agreement with significant convertible note holders.
$16.9M due Dec 31, 2026 10-Q · 2026-08-14

Quote

The loss on settlement and repricing of convertible notes during the prior year related to; (i) a loss of $16,925,718 realized on an anti-dilution adjustment to the conversion feature of certain convertible debt; (ii) a penalty on conversion of $61,729 on conversion of convertible debt which is in default; and (iii) a loss of $699,087 realized on conversion of certain convertible debt at prices lower than the current market price during the prior year.
$14.6M due Dec 31, 2026 10-Q · 2026-08-14

Quote

The loss on settlement and repricing of convertible notes during the prior year related to; (i) a loss of $14,584,238 realized on an anti-dilution adjustment to the conversion feature of certain convertible debt; (ii) a penalty on conversion of $22,500 on conversion of convertible debt which is in default; and (iii) a loss of $592,583 realized on conversion of certain convertible debt at prices lower than the market price on the day of conversion.
$4.2M due Dec 31, 2026 10-Q · 2026-08-14

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We have certain forbearance agreements in place with other convertible note holders which extended the maturity date of the convertible notes to December 31, 2026, the remaining convertible notes are technically in default.
$905K — 10-Q · 2026-08-14

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The 2025 Convertible Notes have an aggregate amount outstanding of $ 905,026 , net of unamortized debt discount of $ 27,844 . 2025 Convertible Notes with an aggregate amount outstanding of $ 493,365 have matured, have not entered into forbearance agreements and are technically in default.
$697K — 10-Q · 2026-08-14

Quote

Notes to the Unaudited Condensed consolidated Financial Statements 10 CONVERTIBLE DEBT (continued) 2023, 2024, 2025 and 2026 Convertible Notes (continued) The 2024 Convertible Notes have an aggregate amount outstanding of $ 697,219 . 2024 Convertible Notes with an aggregate amount outstanding of $ 667,841 have matured, have not entered into forbearance agreements and are technically in default .
$0 — 10-Q · 2026-08-14

Quote

The 2023 convertible notes have an aggregate outstanding balance of $ 1,792,148 . 2023 Convertible Notes with an aggregate amount outstanding of $ 773,993 have matured, have not entered into forbearance agreements, and are technically in default, none of the 2023 Convertible Note investors have declared a default. 22 INNOVATIVE PAYMENT SOLUTIONS, INC.
NEARING / AGED
$110K — 8% 10-Q · 2026-08-14

Quote

Between May 7, 2026 and May 19, 2026, we entered into Securities Purchase Agreement pursuant to which the Company issued 3 convertible promissory notes and warrants to certain noteholders to 3 accredited investors for total gross proceeds of $110,000.
$69K — 10-Q · 2026-08-14

Quote

The liability was $543,616 on the date of settlement Between April 20, 2026 and April 29, 2026, we received conversion notices from convertible note holders, converting $68,917 of principal, interest and conversion fees into 9,309,353 shares of common stock.
$699K — 10-Q · 2026-08-14

Quote

Between February 9, 2026 and April 29, 2026, in terms of conversion notices received from a convertible note holder, the Company issued 20,818,000 shares of common stock for the conversion of $ 104,090 .
OTHER ISSUANCES
$78K — 8% 10-Q · 2026-08-14

Quote

On July 16, 2026, we entered into Securities Purchase Agreements with an accredited investor to purchase a convertible note for gross proceeds of $78,000, bearing interest at 8% per annum and maturing on July 16, 2027.
$78K — 8% 10-Q · 2026-08-14

Quote

Notes to the Unaudited Condensed consolidated Financial Statements 17 SUBSEQUENT EVENTS (continued) Convertible debt funding On July 16, 2026, the Company entered into Securities Purchase Agreements with an accredited investor to purchase a convertible note for gross proceeds of $ 78,000 , bearing interest at 8 % per annum and maturing on July 16, 2027 .
$0 — 8% 10-Q · 2026-08-14

Quote

The balance of the convertible note outstanding, including interest thereon at June 30, 2026 and December 31, 2025 is $ 263,040 and $ 253,519 , respectively.
$395K — 8% 10-Q · 2026-08-14

Quote

Between February 27, 2026 and May 19, 2026, the Company entered into Securities Purchase Agreements with 7 accredited investors to purchase convertible notes (the “2026 Convertible Notes”), receiving an aggregate of $ 395,000 in gross proceeds from the 2026 Convertible Notes, net of debt discount of $ 97,772 .
$0 — 8% 10-Q · 2026-08-14

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Rosenblum, whereby $ 210,000 of accrued payroll was exchanged for a convertible note with an exercise price of $ 0.02 per share, maturing on January 6, 2026 .
$572K — 10% 10-Q · 2026-08-14

Quote

Mercer Street Global Opportunity Fund, LLC On February 16, 2021, the Company closed a transaction with Mercer, pursuant to which the Company received net proceeds of $ 500,500 , after an original issue discount of $ 71,500 in exchange for the issuance of a $ 572,000 Senior Secured Convertible Note, bearing interest at 10 % per annum and maturing on February 16, 2022.
$20.4M — 10-Q · 2026-08-14

Quote

Depreciation is on small office related equipment. 37 Loss on settlement and repricing of convertible notes Loss on settlement and repricing of convertible debt was $20,371,357 and $17,686,534 for the six months ended June 30, 2026 and 2025, respectively, an increase of $2,684,823 or 15.2%.
$1.4M — 10-Q · 2026-08-14

Quote

The deemed dividend in the current period related to the repricing of fixed priced anti-dilution adjustments to certain convertible notes and warrants and in the prior period, related to a full rachet anti-dilution adjustment to certain fixed exercise price warrants issued to convertible note holders during the prior year.
$4K — 10-Q · 2026-08-14

Quote

The decrease is primarily related to the conversion of several convertible notes since the prior period, offset by additional notes entered into during the current period.
$20.2M — 10-Q · 2026-08-14

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Loss on settlement and repricing of convertible notes Loss on settlement and repricing of convertible notes was $20,233,349 and $15,199,321 for the three months ended June 30, 2026 and 2025, respectively, an increase of $5,034,028 or 33.1%.
$0 — 10-Q · 2026-08-14

Quote

The Company also issued a five-year warrant to purchase an aggregate of 7,800,000 shares of common stock at exercise price of $0.01 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar events), associated with the Convertible Note.
$100K — 10-Q · 2026-08-14

Quote

These convertible notes, including a late settlement penalty of $ 100,000 were converted into shares of common stock on April 6, 2026. 28 INNOVATIVE PAYMENT SOLUTIONS, INC.
$100K — 10-Q · 2026-08-14

Quote

In terms of the legal settlement, convertible notes were issued to guarantee payment of the liability.
$20.2M — 10-Q · 2026-08-14

Quote

The expiration of the forbearance agreement with Cavalry and Mercer, disclosed in note 10 above resulted in a revaluation of the conversion feature of certain Cavalry and Mercer variable priced convertible notes on May 1, 2026, using a Black Scholes valuation model.
$0 — 10-Q · 2026-08-14

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On October 6, 2025, a 2025 convertible note holder with an aggregate principal amount outstanding of $ 210,000 assigned his note to a third party.
$188K — 10-Q · 2026-08-14

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Convertible notes with an aggregate principal balance outstanding of $ 187,500 have a variable priced component to its conversion feature.
$817K — 10-Q · 2026-08-14

Quote

Between January 7, 2025 and December 5, 2025, the Company entered into Securities Purchase Agreements with 6 accredited investors to purchase convertible notes (the “2025 Convertible Notes”), receiving an aggregate of $ 817,000 in gross proceeds from the 2025 Convertible Notes, net of original issue discount of $ 43,500 .
$575K — 10-Q · 2026-08-14

Quote

Between February 6, 2024 and October 23, 2024, the Company entered into Securities Purchase Agreements with 9 accredited investors to purchase convertible notes (the “2024 Convertible Notes”), receiving an aggregate of $ 575,002 in gross proceeds from the 2024 Convertible Notes.
$1.3M — 10-Q · 2026-08-14

Quote

Notes to the Unaudited Condensed consolidated Financial Statements 10 CONVERTIBLE DEBT (continued) 2023, 2024, 2025 and 2026 Convertible Notes Between February 13, 2023 and November 27, 2023, the Company entered into Securities Purchase Agreements with 30 accredited investors to purchase convertible notes (the “2023 Convertible Notes”), receiving an aggregate of $ 2,026,666 in gross proceeds from the 2023 convertible notes.
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