XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 21,936,634 $ 16,516,739 $ 65,055,661 $ 46,842,717
Cost of revenue 20,621,674 15,675,687 62,410,367 45,469,730
Gross profit 1,314,960 841,052 2,645,294 1,372,987
Operating expenses        
General and administration 1,256,147 957,195 3,390,097 3,664,473
Total operating expenses 1,256,147 957,195 3,390,097 3,664,473
Operating income (loss) 58,813 (116,143) (744,803) (2,291,486)
Other income (expense)        
Other income 43,219 11,252 38,591 40,431
Other expenses (71,027) 475 (54,247) (421)
Interest expense (3,693) (6,802) (22,417) (648,889)
Change in fair value of derivative liabilities 317,080
Loss on settlement of debt (528,794)
Total other income (expense) (31,501) 4,925 (38,073) (820,593)
Net income (loss) before provision for income taxes 27,312 (111,218) (782,876) (3,112,079)
Income taxes
Net income (loss) 27,312 (111,218) (782,876) (3,112,079)
Less: Net income attributable to noncontrolling interests 96,175 87,736 192,137 16,642
Net loss attributed to stockholders of iQSTEL Inc. (68,863) (198,954) (975,013) (3,128,721)
Comprehensive income (loss)        
Foreign currency adjustment (1,096) 3,406 (2,503) 54,398
Total comprehensive income (loss) 26,216 (107,812) (785,379) (3,057,681)
Less: Comprehensive income attributable to noncontrolling interests 95,638 89,405 190,911 43,297
Net comprehensive loss attributed to stockholders of iQSTEL Inc. $ (69,422) $ (197,217) $ (976,290) $ (3,100,978)
Basic income (loss) per common share $ 0.00 $ (0.00) $ (0.01) $ (0.02)
Diluted income (loss) per common share $ 0.00 $ (0.00) $ (0.01) $ (0.02)
Weighted average number of common shares outstanding - Basic and diluted 151,750,426 141,697,141 150,057,315 133,173,421
Weighted average number of common shares outstanding - Diluted 153,930,452 141,697,141 150,057,315 133,173,421