XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 753,316 $ 270,503
Accounts receivable, net 2,528,321 2,759,164
Due from related parties 221,790 316,860
Prepaid and other current assets 78,157 91,970
Total Current Assets 3,581,584 3,438,497
Property and equipment, net 350,530 287,970
Intangible asset 21,875 0
Goodwill 1,537,742 1,455,960
Deferred tax assets 460,036 420,519
TOTAL ASSETS 5,951,767 5,602,946
Current Liabilities    
Accounts payable 2,737,411 2,291,921
Due to related parties 94,616 34,631
Loans payable - net of discount of $19,221 and $0 1,332,612 89,671
Loans payable - related parties 2,054,379 1,885,708
Convertible notes 253,554 1,251,096
Other current liabilities 413,676 848,484
Derivative Liability, Current 1,025,691 4,744,134
Total Current Liabilities 7,911,939 11,145,645
Convertible notes - net of discount of $2,184 and $48,558 2,816 11,442
Loans payable 270,836 178,021
Employee benefits, non-current 161,212 38,253
TOTAL LIABILITIES 8,346,803 11,373,361
Stockholders' Deficit    
Preferred Stock, Value, Issued 0 0
Common Stock, Value 118,133 18,008
Additional paid in capital 13,267,261 3,240,528
Accumulated deficit (14,699,148) (8,125,257)
Accumulated other comprehensive loss (74,831) (181)
Deficit attributed to stockholders of iQSTEL Inc. (1,388,575) (4,866,902)
Deficit attributable to noncontrolling interests (1,006,461) (903,513)
Total stockholders' Deficit (2,395,036) (5,770,415)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 5,951,767 5,602,946
Series A Preferred Stock    
Stockholders' Deficit    
Preferred Stock, Value, Issued 10 0
Series B Preferred Stock    
Stockholders' Deficit    
Preferred Stock, Value, Issued $ 0 $ 0