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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 779,553 $ 270,503
Accounts receivable, net 2,706,733 2,759,164
Due from related parties 287,884 316,860
Prepaid and other current assets 79,132 91,970
Total Current Assets 3,853,302 3,438,497
Property and equipment, net 351,411 287,970
Intangible asset 21,875 0
Goodwill 1,537,742 1,455,960
Deferred tax assets 429,757 420,519
TOTAL ASSETS 6,194,087 5,602,946
Current Liabilities    
Accounts payable 2,280,050 2,291,921
Due to related parties 154,616 34,631
Loans payable, net of discount 1,205,288 89,671
Loans payable - related parties 1,925,141 1,885,708
Current portion of convertible notes - net of discount of $457,454 and $597,654 1,115,852 1,251,096
Other current liabilities 675,225 848,484
Derivative Liability, Current 1,159,797 4,744,134
Total Current Liabilities 8,515,969 11,145,645
Convertible notes - net of discount of $2,929 and $48,558 2,071 11,442
Loans payable 270,611 178,021
TOTAL LIABILITIES 8,939,600 11,373,361
Stockholders' Deficit    
Preferred Stock, Value, Issued 0 0
Common Stock, Value 68,295 18,008
Additional paid in capital 8,686,103 3,240,528
Accumulated deficit (10,729,728) (8,125,257)
Accumulated other comprehensive income (17,311) (181)
Deficit attributed to stockholders of iQSTEL Inc. (1,992,641) (4,866,902)
Deficit attributable to noncontrolling interests (752,872) (903,513)
Total stockholders' Deficit (2,745,513) (5,770,415)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 6,194,087 5,602,946
Employee benefits, non-current $ 150,949 $ 38,253