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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash $ 1,645,937 $ 3,334,813
Accounts receivable, net 4,303,010 2,540,515
Due from related parties 375,955 424,086
Prepaid and other current assets 493,539 267,110
Total Current Assets 6,818,441 6,566,524
Property and equipment, net 386,707 409,382
Intangible asset 99,592 99,592
Goodwill 5,172,146 1,537,742
Deferred tax assets 426,664 446,402
TOTAL ASSETS 12,903,550 9,059,642
Current Liabilities    
Accounts payable 2,517,086 1,474,595
Due to related parties 26,613 26,613
Loans payable - net of discount of $0 and $7,406 96,185 315,450
Loans payable - related parties 228,727 239,308
Other current liabilities 658,131 307,049
Stock payable 80,674
Total Current Liabilities 3,607,416 2,363,015
Loans payable, non-current 104,840 119,295
Employee benefits, non-current 149,518 156,434
TOTAL LIABILITIES 3,861,774 2,638,744
Stockholders' Equity    
Common stock: 300,000,000 authorized; $0.001 par value 151,559,011 and 147,477,358 shares issued and outstanding, respectively 151,559 147,477
Additional paid in capital 29,304,429 25,842,982
Accumulated deficit (19,443,071) (18,536,921)
Accumulated other comprehensive loss (37,376) (36,658)
Equity attributed to stockholders of iQSTEL Inc. 9,975,572 7,416,911
Deficit attributable to noncontrolling interests (933,796) (996,013)
Total Stockholders' Equity 9,041,776 6,420,898
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,903,550 $ 9,059,642