<SEC-DOCUMENT>0001078782-20-000508.txt : 20200708
<SEC-HEADER>0001078782-20-000508.hdr.sgml : 20200708
<ACCEPTANCE-DATETIME>20200630132432
ACCESSION NUMBER:		0001078782-20-000508
CONFORMED SUBMISSION TYPE:	10-Q/A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200629
DATE AS OF CHANGE:		20200630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iQSTEL Inc
		CENTRAL INDEX KEY:			0001527702
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				452808620
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55984
		FILM NUMBER:		201001733

	BUSINESS ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		(954) 951-8191

	MAIL ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURESNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20151124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURE SNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20150813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	B-MAVEN, INC.
		DATE OF NAME CHANGE:	20110810
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q/A
<SEQUENCE>1
<FILENAME>f10qa033120_10qz.htm
<DESCRIPTION>FORM 10Q/A AMENDED QUARTERLY REPORT
<TEXT>
<HTML>
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<TITLE>Form 10Q/A Amended Quarterly Report</TITLE>
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<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><A name=_Hlk41640953 />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>UNITED STATES </B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>WASHINGTON, D.C. 20549</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>FORM 10-Q</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>[X] &nbsp;Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>For the quarterly period ended <B>March 31, 2020</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>[ &nbsp;&nbsp;] &nbsp;Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>For the transition period from __________ to__________</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Commission File Number: <B>000-55984</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>iQSTEL Inc. </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:247.5pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Nevada</B></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:22.5pt;padding-left:0.5pt;padding-right:0.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style='width:143.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>45-2808620</B></P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:247.5pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:22.5pt;padding-left:0.5pt;padding-right:0.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style='width:143.75pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P style='font:11pt Calibri;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>300 Aragon Avenue, Suite 375</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Coral Gables, FL 33134</B></P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Address of principal executive offices)</P>
</TD></TR>
<TR style=height:1pt><TD valign=middle bgcolor=#FFFFFF style=width:334.2pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>(954) 951-8191</B></P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Registrant&#8217;s telephone number)</P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style=width:334.2pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style='width:334.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Former name, former address and former fiscal year, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Securities registered pursuant to Section 12(b) of the Act:&#160;<B>None</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. </P>
<P align=right style='font:10pt Times New Roman;margin:0'><B>[X] Yes&#160;[ &nbsp;&nbsp;] No</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). <B>[X] Yes&#160;[ &nbsp;&nbsp;] No</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &quot;emerging growth company&quot; in Rule 12b-2 of the Exchange Act. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style=width:239.25pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>[ &nbsp;&nbsp;] Large accelerated filer </B></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:148.5pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>[ &nbsp;&nbsp;] Accelerated filer</B></P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style=width:239.25pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>[X] Non-accelerated filer</B></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:148.5pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>[X] Smaller reporting company</B></P>
</TD></TR>
<TR style=height:1pt><TD valign=top bgcolor=#FFFFFF style=width:239.25pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:148.5pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>[ &nbsp;&nbsp;] Emerging growth company</B></P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <B>[ &nbsp;&nbsp;] </B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&#160;</P>
<P align=right style='font:10pt Times New Roman;margin:0'><B>[ &nbsp;&nbsp;] Yes [X] No</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>State the number of shares outstanding of each of the issuer&#8217;s classes of common stock, as of the latest practicable date: <B>63,762,484 common shares as of June 24, 2020</B></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;margin-right:-1.75pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;margin-right:-1.75pt'><B>EXPLANATORY NOTE</B></P>
<P style='font:10pt Times New Roman;margin:0;margin-right:-1.75pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>iQSTEL, Inc. (the &#8220;<I>Company</I>&#8221;) is filing this Amendment No. 1 on Form 10-Q/A (this &#8220;<I>Amendment No. 1</I>&#8221;) to its Quarterly Report on Form 10-Q for the three months ended March 31, 2020, originally filed with the Securities and Exchange Commission (the &#8220;<I>SEC</I>&#8221;) on June 29, 2020 (the &#8220;<I>Original Form 10-Q</I>&#8221;), solely to disclose that the Company had filed the Original Form 10-Q after the May 15, 2020 deadline applicable to the Company for the filing of its Form 10-Q in reliance on the 45-day extension provided by an order issued by the U.S. Securities and Exchange Commission (the &#8220;<I>SEC</I>&#8221;) under Section 36 of the Securities Exchange Act of 1934, as amended (the &#8220;<I>Exchange Act</I>&#8221;), dated March 4, 2020 (Release No. 34-88318), as modified and superseded by a new SEC order issued on March 25, 2020 (Release No. 34-88465) (collectively, the &#8220;<I>Order</I>&#8221;).</P><P align=justify style='font:10pt Times New Roman;margin:0;text-indent:27pt;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>On May 15, 2020, the Company filed a Current Report on Form 8-K,&#160;(the &#8220;<I>Form 8-K</I>&#8221;) to indicate its intention to rely on the Order for such extension. After the diagnosis of the coronavirus (&quot;<I>COVID-19</I>&quot;) in close proximity of the Company's employees in March 2020, the Company closed its corporate offices and requested that all employees work remotely until further notice. Employees affected include certain of its key personnel responsible for assisting the Company in the preparation of its financial statements. In view of these ongoing circumstances, the Company was unable to timely provide its auditors and accountants with financial records, and therefore allow the Company to file a timely and accurate Quarterly Report on Form 10-Q for the period ending March 31, 2020 by the prescribed date without undue hardship and expense to the Company.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:27pt;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>Consistent with the Company&#8217;s statements made in the Form 8-K, the Company was unable to file the Original Form 10-Q in a timely manner,&#160;and therefore relied on the Order due to circumstances related to COVID-19. The Company filed the Original Form 10-Q on&#160;June 29, 2020.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:27pt'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>In accordance with Rule 12b-15 under the Exchange Act, the Company is including in this Amendment No. 1 an amended Part II, Item 6 to include currently dated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 from the Company&#8217;s principal executive officer and principal financial officer. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. Similarly, we are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment No. 1.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:27pt;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>Except as described above, this Amendment No. 1 does not amend, modify or update the information in, or exhibits to, the Original 10-Q. Furthermore, this Amendment No. 1 does not change any previously reported financial results nor does it reflect events occurring after the filing of the Original 10-Q. This Amendment should be read in conjunction with the Original 10-Q and with the Company&#8217;s other filings made with the SEC subsequent to the filing of the Original 10-Q.</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>PART 11. OTHER INFORMATION</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Item 6. Exhibits </B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:7.2pt><TD valign=bottom bgcolor=#FFFFFF style='width:43.95pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><B>Exhibit </B></P>
<P style='font:10pt Times New Roman;margin:0'><B>Number</B></P>
</TD><TD valign=bottom bgcolor=#FFFFFF style=width:11.15pt;padding-left:0.5pt;padding-right:0.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#FFFFFF style='width:484.9pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><B>Description of Exhibit</B>&#160;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top bgcolor=#FFFFFF style='width:43.95pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><A href=f10qa033120_ex31z1.htm style=text-decoration:none><FONT style='color:#0563C1;border-bottom:1px solid #0563C1'>31.1</FONT></A></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:11.15pt;padding-left:0.5pt;padding-right:0.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style='width:484.9pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top bgcolor=#FFFFFF style=width:43.95pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:11.15pt;padding-left:0.5pt;padding-right:0.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:484.9pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top bgcolor=#FFFFFF style=width:43.95pt><P style='font:10pt Times New Roman;margin:0'><A href=f10qa033120_ex31z2.htm style=text-decoration:none><FONT style='color:#0563C1;border-bottom:1px solid #0563C1'>31.2</FONT></A></P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:11.15pt;padding-left:0.5pt;padding-right:0.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#FFFFFF style=width:484.9pt><P style='font:10pt Times New Roman;margin:0'>Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on June 30, 2020 on its behalf by the undersigned thereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:50%><TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'><B>IQSTEL INC.</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style='width:100%;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><I>/s/Leandro Iglesias</I></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'>Leandro Iglesias</P>
<P style='font:10pt Times New Roman;margin:0'>Principal Executive Officer</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:100%><P style='font:10pt Times New Roman;margin:0'><I>/s/ Alvaro Quintana Cardona</I></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style='width:100%;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>Alvaro Quintana Cardona</P>
<P style='font:10pt Times New Roman;margin:0'>Principal Financial and Accounting Officer</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>f10qa033120_ex31z1.htm
<DESCRIPTION>EXHIBIT 31.1 SECTION 302 CERTIFICATION
<TEXT>
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<TITLE>Exhibit 31.1 Section 302 Certification</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt'><B>CERTIFICATIONS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>I, Leandro Iglesias, certify that;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>1.</KBD>I have reviewed this Amendment No. 1 to the Quarterly Report on Form 10-Q of iQSTEL Inc. (the &#8220;registrant&#8221;);&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>2.</KBD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Date: June 30, 2020</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><I>/s/ Leandro Iglesias</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>By: Leandro Iglesias</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Title: Chief Executive Officer</FONT></P>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>f10qa033120_ex31z2.htm
<DESCRIPTION>EXHIBIT 31.2 SECTION 302 CERTIFICATION
<TEXT>
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<TITLE>Exhibit 31.2 Section 302 Certification</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt'><B>CERTIFICATIONS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>I, Alvaro Quintana Cardona, certify that;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>1.</KBD>this Amendment No. 1 to the Quarterly Report on Form 10-Q of iQSTEL Inc. (the &#8220;registrant&#8221;);&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>2.</KBD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Date: June 30, 2020</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><I>/s/ Alvaro Quintana Cardona</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>By: Alvaro Quintana Cardona</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Title: Chief Financial Officer</FONT></P>
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