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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 32,824,829 $ 23,699,716 $ 57,491,358 $ 43,119,027
Cost of revenue 32,040,363 22,853,442 55,490,156 41,788,693
Gross profit 784,466 846,274 2,001,202 1,330,334
Operating expenses        
General and administration 1,037,184 1,144,452 2,571,450 2,133,950
Total operating expenses 1,037,184 1,144,452 2,571,450 2,133,950
Operating loss (252,718) (298,178) (570,248) (803,616)
Other income (expense)        
Other income 4,264 10,125 519 (4,628)
Other expenses (39,355) 6,432 (73,209) 16,780
Interest expense (20,103) (3,836) (20,103) (18,724)
Change in fair value of derivative liabilities 146,268 342,575
Total other income (expense) 91,074 12,721 249,782 (6,572)
Net loss before provision for income taxes (161,644) (285,457) (320,466) (810,188)
Income taxes
Net loss (161,644) (285,457) (320,466) (810,188)
Less: Net income attributable to noncontrolling interests 52,301 65,723 256,664 95,962
Net loss attributed to stockholders of iQSTEL Inc. (213,945) (351,180) (577,130) (906,150)
Comprehensive income (loss)        
Foreign currency adjustment 2,993 (1,023) 4,570 (1,407)
Total comprehensive loss (158,651) (286,480) (315,896) (811,595)
Less: Comprehensive income attributable to noncontrolling interests 53,767 65,222 258,903 95,273
Net comprehensive loss attributed to stockholders of iQSTEL Inc. $ (212,418) $ (351,702) $ (574,799) $ (906,868)
Basic and diluted loss per common share $ (0.00) $ (0.00) $ (0.00) $ (0.01)
Weighted average number of common shares outstanding - Basic and diluted 164,636,688 150,835,665 164,346,860 149,196,728