XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Details        
Revenues $ 13,291,698 $ 4,172,547 $ 29,439,196 $ 12,589,109
Cost of revenue 13,158,685 3,929,137 28,735,016 12,001,850
Gross profit 133,013 243,410 704,180 587,259
Operating expenses        
General and administration 958,787 492,782 3,161,330 1,024,842
Total operating expenses 958,787 492,782 3,161,330 1,024,842
Operating loss (825,774) (249,372) (2,457,150) (437,583)
Other income (expense)        
Other income 4,412 0 29,144 2,600
Other expenses (61) (5,149) (8,118) (5,524)
Interest expense (913,592) (1,009,467) (2,368,107) (1,785,629)
Change in fair value of derivative liabilities 1,096,265 (2,254,035) 1,350,513 (2,801,706)
Loss on settlement of debt (331,475) 0 (48,245) 0
Total other income (expense) (144,451) (3,268,651) (1,044,813) (4,590,259)
Net loss before provision for income taxes (970,225) (3,518,023) (3,501,963) (5,027,842)
Income taxes 0 852 0 852
Net loss (970,225) (3,517,171) (3,501,963) (5,026,990)
Less: Net income attributable to noncontrolling interests (26,224) 15,668 46,509 15,668
Net loss attributed to stockholders of iQSTEL Inc. (944,001) (3,532,839) (3,548,472) (5,042,658)
Comprehensive income (loss)        
Net loss (970,225) (3,517,171) (3,501,963) (5,026,990)
Foreign currency adjustment (42,722) 44,593 (76,310) 44,593
Total comprehensive loss (1,012,947) (3,472,578) (3,578,273) (4,982,397)
Less: Comprehensive income (loss) attributable to noncontrolling interests (47,158) 37,519 9,117 37,519
Net comprehensive loss attributed to stockholders of iQSTEL Inc. $ (965,789) $ (3,510,097) $ (3,587,390) $ (5,019,916)
Basic and Diluted loss per common share $ (0.01) $ (0.22) $ (0.07) $ (0.33)
Weighted average number of common shares outstanding - Basic and Diluted 73,045,296 15,933,527 53,705,271 15,446,876