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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 210,274 $ 4,570
Accounts receivable, net 2,816,894 1,825,854
Due from related parties 285,920 258,020
Prepaid and other current assets 112,692 17,503
Total Current Assets 3,425,780 2,105,947
Property and equipment, net 270,391 285,107
Goodwill 1,455,960 0
Deferred tax assets 408,744 0
TOTAL ASSETS 5,560,875 2,391,054
Current Liabilities    
Bank overdraft 0 82
Accounts payable 2,012,411 1,390,048
Due to related parties 34,631 23,193
Loans payable 97,035 194,557
Loans payable - related parties 1,831,859 90,787
Convertible notes 882,214 63,205
Other current liabilities 581,413 436,762
Derivative Liability, Current 5,415,797 1,790,067
Total Current Liabilities 10,855,360 3,988,701
Convertible notes - net of discount of $53,595 and $0 6,405 0
Loan payable 179,429 0
Other liabilities 147,890 0
TOTAL LIABILITIES 11,189,084 3,988,701
Stockholders' Deficit    
Preferred Stock, Value 0 0
Common Stock, Value 16,104 15,023
Additional paid in capital 2,923,943 1,054,718
Accumulated deficit (7,710,046) (2,667,388)
Accumulated other comprehensive income 22,742 0
Deficit Attributed to Shareholders of iQSTEL Inc. (4,747,257) (1,597,647)
Deficit Attributable to Noncontrolling interests (880,952) 0
Total Stockholders' Deficit (5,628,209) (1,597,647)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 5,560,875 $ 2,391,054