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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 4,227,044 $ 3,334,813
Accounts receivable, net 2,604,334 2,540,515
Due from related parties 399,571 424,086
Prepaid and other current assets 141,122 267,110
Total Current Assets 7,372,071 6,566,524
Property and equipment, net 398,909 409,382
Intangible asset 99,592 99,592
Goodwill 1,537,742 1,537,742
Deferred tax assets 441,315 446,402
TOTAL ASSETS 9,849,629 9,059,642
Current Liabilities    
Accounts payable 1,521,619 1,474,595
Due to related parties 26,613 26,613
Loans payable - net of discount of $0 and $7,406 99,488 315,450
Loans payable - related parties 236,581 239,308
Other current liabilities 265,314 307,049
Deposit for option 500,000
Total Current Liabilities 2,649,615 2,363,015
Loans payable, non-current 108,440 119,295
Employee benefits, non-current 154,652 156,434
TOTAL LIABILITIES 2,912,707 2,638,744
Stockholders' Equity (Deficit)    
Common stock: 300,000,000 authorized; $0.001 par value 149,537,358 and 147,477,358 shares issued and outstanding, respectively 149,537 147,477
Additional paid in capital 26,882,061 25,842,982
Accumulated deficit (19,091,891) (18,536,921)
Accumulated other comprehensive loss (36,854) (36,658)
Equity (Deficit) attributed to stockholders of iQSTEL Inc. 7,902,884 7,416,911
Deficit attributable to noncontrolling interests (965,962) (996,013)
Total stockholders' Equity (Deficit) 6,936,922 6,420,898
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 9,849,629 $ 9,059,642