XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2020
Income Statement [Abstract]    
Revenues $ 93,203,532 $ 64,702,018
Cost of revenue 91,412,016 63,168,303
Gross profit 1,791,516 1,533,715
Operating expenses    
General and administration 4,983,176 4,517,631
Total operating expenses 4,983,176 4,517,631
Operating loss (3,191,660) (2,983,916)
Other income (expense)    
Other income 118,871 4,426
Other expenses (112,962) 2,684
Interest expense (29,641) (675,481)
Change in fair value of derivative liabilities (2,650,369) 317,080
Loss on settlement of debt (528,794)
Total other expense (2,674,101) (880,085)
Net loss before provision for income taxes (5,865,761) (3,864,001)
Income taxes
Net loss (5,865,761) (3,864,001)
Less: Net income (loss) attributable to noncontrolling interests 101,713 (26,228)
Net loss attributed to stockholders of iQSTEL Inc. (5,967,474) (3,837,773)
Comprehensive income (loss)    
Foreign currency adjustment 6,080 74,849
Total comprehensive loss (5,859,681) (3,789,152)
Less: Comprehensive income attributable to noncontrolling interests 104,692 10,448
Net comprehensive loss attributed to stockholders of iQSTEL Inc. $ (5,964,373) $ (3,799,600)
Basic and diluted loss per common share $ (0.04) $ (0.03)
Weighted average number of common shares outstanding - Basic and diluted 151,850,443 135,383,893