INNOVATIVE PAYMENT SOLUTIONS, INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $29.8K | $526 | $50.4K | $374.8K | $5.4M | $94.7K | $3.0K | $71.3K |
| Accounts Receivable | — | — | — | — | — | — | — | $60.5K |
| Inventory | — | — | — | — | — | — | — | $330.6K |
| Total Current Assets | $71.5K | $379.6K | $89.3K | $1.3M | $5.5M | $100.0K | $58.0K | $1.1M |
| Property, Plant & Equipment | $2.7K | $4.9K | $7.0K | $40.4K | $28.8K | $37.5K | — | $228.1K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | $1.4M | $625.0K | — | — | $82.4K |
| Total Assets | $4.3M | $384.4K | $805.2K | $2.8M | $6.7M | $193.4K | $1.1M | $1.1M |
| Liabilities | ||||||||
| Accounts Payable | $2.5M | $3.0M | $2.0M | $727.9K | $465.2K | $461.6K | — | — |
| Total Current Liabilities | $11.7M | $10.8M | $8.2M | $6.5M | $2.8M | $4.5M | $1.7M | $4.3M |
| Long-Term Debt | — | — | — | — | — | $150.0K | — | — |
| Total Liabilities | $11.9M | $11.0M | $8.4M | $6.7M | $3.0M | $4.6M | $1.7M | $4.3M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-69.0M | $-62.8M | $-58.2M | $-52.4M | $-42.1M | $-27.6M | $-22.2M | $-18.5M |
| Total Stockholders' Equity | $-7.6M | $-10.6M | $-7.6M | $-4.0M | $3.7M | $-4.4M | $-593.1K | $-3.2M |