XML 66 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Details    
Revenues $ 18,031,548 $ 13,775,361
Cost of goods sold 17,250,623 12,582,955
Gross profit 780,925 1,192,406
Operating Expenses    
General and administration 1,449,624 1,220,301
Total operating expenses 1,449,624 1,220,301
Operating loss (668,699) (27,895)
Other income (expense)    
Other income 2,631 11,642
Other expenses (10,891) (41,498)
Interest expense (2,653,996) (460,185)
Change in fair value of derivative liabilities (2,111,783) (1,588,567)
Gain on settlement of debt 0 2,342
Total other expense (4,774,039) (2,076,266)
Net loss before provision for income taxes (5,442,738) (2,104,161)
Income taxes 0 0
Net loss (5,442,738) (2,104,161)
Less: Net income (loss) attributable to noncontrolling interests 15,131 0
Net Loss Attributed to Shareholders of iQSTEL Inc. (5,457,869) (2,104,161)
Comprehensive loss    
Net loss (5,442,738) (2,104,161)
Foreign currency adjustment (354) 0
Total Comprehensive loss (5,443,092) (2,104,161)
Less: Comprehensive income attributable to noncontrolling interests 14,958 0
Net Comprehensive Loss Attributed to Shareholders of iQSTEL Inc. $ (5,458,050) $ (2,104,161)
Basic and dilutive loss per common share $ (0.35) $ (0.15)
Weighted average number of common shares outstanding 15,684,477 13,721,304