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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 270,503 $ 4,570
Accounts receivable, net 2,759,164 1,825,854
Due from related parties 316,860 258,020
Prepaid and other current assets 91,970 17,503
Total Current Assets 3,438,497 2,105,947
Property and equipment, net 287,970 285,107
Goodwill 1,455,960 0
Deferred tax assets 420,519 0
TOTAL ASSETS 5,602,946 2,391,054
Current Liabilities    
Accounts payable 2,291,921 1,390,130
Due to related parties 34,631 23,193
Loans payable 89,671 194,557
Loans payable - related parties 1,885,708 90,787
Convertible notes 1,251,096 63,205
Other current liabilities 848,484 436,762
Derivative Liability, Current 4,744,134 1,790,067
Total Current Liabilities 11,145,645 3,988,701
Convertible notes - net of discount of $48,558 and $0 11,442 0
Loan payable 178,021 0
Employee benefits, non-current 38,253 0
TOTAL LIABILITIES 11,373,361 3,988,701
Shareholders' Deficit    
Common Stock, Value 18,008 15,023
Additional paid in capital 3,240,528 1,054,718
Accumulated deficit (8,125,257) (2,667,388)
Accumulated other comprehensive income (181) 0
Deficit Attributed to Shareholders of iQSTEL Inc. (4,866,902) (1,597,647)
Deficit Attributable to Noncontrolling interests (903,513) 0
Total Shareholders' Deficit (5,770,415) (1,597,647)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 5,602,946 $ 2,391,054