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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 1,190,804 $ 753,316
Accounts receivable, net 3,407,819 2,528,321
Due from related parties 421,586 221,790
Prepaid and other current assets 182,151 78,157
Total Current Assets 5,202,360 3,581,584
Property and equipment, net 352,724 350,530
Intangible asset 49,699 21,875
Goodwill 1,537,742 1,537,742
Deferred tax assets 435,902 460,036
TOTAL ASSETS 7,578,427 5,951,767
Current Liabilities    
Accounts payable 2,424,769 2,737,411
Due to related parties 26,613 94,616
Loans payable - net of discount of $0 and $19,221 102,911 1,332,612
Loans payable - related parties 1,093,902 2,054,379
Current portion of convertible notes - net of discount of $0 and $370,106 253,554
Other current liabilities 268,122 413,676
Derivative liabilities 1,025,691
Total Current Liabilities 3,916,317 7,911,939
Convertible notes - net of discount of $0 and $2,184 2,816
Loans payable, non-current 126,024 270,836
Employee benefits, non-current 152,755 161,212
TOTAL LIABILITIES 4,195,096 8,346,803
Stockholders' Equity (Deficit)    
Preferred stock: 1,200,000 authorized; $0.001 par value
Common stock: 300,000,000 authorized; $0.001 par value 141,717,358 and 118,133,432 shares issued and outstanding, respectively 141,717 118,133
Additional paid in capital 22,079,704 13,267,261
Accumulated deficit (17,827,869) (14,699,148)
Accumulated other comprehensive loss (47,088) (74,831)
Equity (Deficit) attributed to stockholders of iQSTEL Inc. 4,346,495 (1,388,575)
Deficit attributable to noncontrolling interests (963,164) (1,006,461)
Total stockholders' Equity (Deficit) 3,383,331 (2,395,036)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 7,578,427 $ 5,951,767