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Consolidated Statements of Net Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Details        
Revenues $ 4,172,547 $ 3,794,359 $ 12,589,109 $ 9,675,194
Cost of goods sold 3,929,137 3,531,877 12,001,850 8,722,576
Gross profit 243,410 262,482 587,259 952,618
Operating Expenses        
General and administration 492,782 195,884 1,024,842 654,609
Total operating expenses 492,782 195,884 1,024,842 654,609
Operating income (249,372) 66,598 (437,583) 298,009
Other income (expense)        
Other income 0 164 2,600 10,132
Other expenses (5,149) (4,473) (5,524) (17,408)
Interest expense (1,009,467) (119,755) (1,785,629) (277,324)
Change in fair value of derivative liabilities (2,254,035) (448,471) (2,801,706) (448,471)
Gain on settlement of debt 0 2,342 0 2,342
Total other expense (3,268,651) (570,193) (4,590,259) (730,729)
Net loss before provision for income taxes (3,518,023) (503,595) (5,027,842) (432,720)
Income taxes 852 0 852 0
Net loss (3,517,171) (503,595) (5,026,990) (432,720)
Less: Net income attributable to noncontrolling interests 15,668 0 15,668 0
Net Loss Attributed to Shareholders of iQSTEL Inc. (3,532,839) (503,595) (5,042,658) (432,720)
Comprehensive Loss        
Net loss (3,517,171) (503,595) (5,026,990) (432,720)
Foreign currency adjustment 44,593 (1,182) 44,593 0
Total Comprehensive loss (3,472,578) (504,777) (4,982,397) (432,720)
Less: Comprehensive income attributable to noncontrolling interests 37,519 0 37,519 0
Net Comprehensive Loss Attributed to Shareholders of iQSTEL Inc. $ (3,510,097) $ (504,777) $ (5,019,916) $ (432,720)
Basic and dilutive loss per common share $ (0.22) $ (0.03) $ (0.33) $ (0.03)
Weighted average number of common shares outstanding 15,933,527 15,002,598 15,446,876 13,283,040