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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 78,635,764 $ 32,824,829 $ 130,050,642 $ 57,491,358
Cost of revenue 76,472,140 32,040,363 126,507,992 55,490,156
Gross profit 2,163,624 784,466 3,542,650 2,001,202
Operating expenses        
General and administration 2,505,727 1,037,184 4,068,205 2,571,450
Total operating expenses 2,505,727 1,037,184 4,068,205 2,571,450
Operating income (loss) (342,103) (252,718) (525,555) (570,248)
Other income (expense)        
Other income 55,524 4,164 127,301 519
Other expenses (443) (39,255) (850) (73,209)
Interest expense (496,080) (20,103) (861,554) (20,103)
Change in fair value of derivative liabilities (1,115,510) 146,268 (1,115,510) 342,575
Gain (loss) on settlement of debt (102,660)
Total other income (expense) (1,556,509) 91,074 (1,953,273) 249,782
Net loss before provision for income taxes (1,898,612) (161,644) (2,478,828) (320,466)
Income taxes (65,275) (65,275)
Net loss (1,963,887) (161,644) (2,544,103) (320,466)
Less: Net income attributable to noncontrolling interests 44,265 52,301 273,816 256,664
Net loss attributed to iQSTEL Inc. (2,008,152) (213,945) (2,817,919) (577,130)
Comprehensive income (loss)        
Foreign currency adjustment 2,993 4,570
Total comprehensive loss (1,963,887) (158,651) (2,544,103) (315,896)
Less: Comprehensive income attributable to noncontrolling interests 44,265 53,767 273,816 258,903
Net comprehensive loss attributed to iQSTEL Inc. $ (2,008,152) $ (212,418) $ (2,817,919) $ (574,799)
Basic and diluted loss per common share $ (0.01) $ (0.00) $ (0.02) $ (0.00)
Weighted average number of common shares outstanding - Basic and diluted 178,445,909 164,636,688 176,799,415 164,346,860