XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 39,757,203 $ 21,936,634 $ 65,055,661 $ 97,248,561
Cost of revenue 38,728,682 20,621,674 62,410,367 94,218,838
Gross profit 1,028,521 1,314,960 2,645,294 3,029,723
Operating expenses        
General and administration 957,768 1,256,147 3,390,097 3,529,218
Total operating expenses 957,768 1,256,147 3,390,097 3,529,218
Operating income (loss) 70,753 58,813 (744,803) (499,495)
Other income (expense)        
Other income 2,607 43,219 38,591 3,126
Other expenses (32,505) (71,027) (54,247) (105,714)
Interest expense (34,219) (3,693) (22,417) (54,322)
Change in fair value of derivative liabilities 39,273 381,848
Total other income (expense) (24,844) (31,501) (38,073) 224,938
Net income (loss) before provision for income taxes 45,909 27,312 (782,876) (274,557)
Income taxes
Net income (loss) 45,909 27,312 (782,876) (274,557)
Less: Net income attributable to noncontrolling interests 107,922 96,175 192,137 364,586
Net loss attributed to iQSTEL Inc. (62,013) (68,863) (975,013) (639,143)
Dividend on Series B Preferred Stock (816,480) (816,480)
Net loss attributed to stockholders of iQSTEL Inc. (878,493) (68,863) (975,013) (1,455,623)
Comprehensive income (loss)        
Net income (loss) 45,909 27,312 (782,876) (274,557)
Foreign currency adjustment (4,428) (1,096) (2,503) 142
Total comprehensive income (loss) 41,481 26,216 (785,379) (274,415)
Less: Comprehensive income attributable to noncontrolling interests 105,753 95,638 190,911 364,656
Net comprehensive loss attributed to iQSTEL Inc. $ (64,272) $ (69,422) $ (976,290) $ (639,071)
Basic and diluted loss per common share $ (0.01) $ (0.00) $ (0.01) $ (0.01)
Weighted average number of common shares outstanding - Basic and diluted 168,185,122 151,750,426 150,057,315 165,640,341