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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 54,249,614 $ 39,757,203 $ 184,346,412 $ 97,248,561
Cost of revenue 52,229,695 38,728,682 178,737,687 94,218,838
Gross profit 2,019,919 1,028,521 5,608,725 3,029,723
Operating expenses        
General and administration 2,076,472 957,768 6,144,677 3,529,218
Total operating expenses 2,076,472 957,768 6,144,677 3,529,218
Operating income (loss) (56,553) 70,753 (535,952) (499,495)
Other income (expense)        
Other income 7,006 2,607 88,151 3,126
Other expenses (5,770) (32,505) (6,620) (105,714)
Interest expense (672,266) (34,219) (1,533,820) (54,322)
Change in fair value of derivative liabilities 51,721 39,273 (1,063,789) 381,848
Loss on settlement of debt (27,537) (130,197)
Total other income (expense) (646,846) (24,844) (2,646,275) 224,938
Net income (loss) before provision for income taxes (703,399) 45,909 (3,182,227) (274,557)
Income taxes (69,605) (134,880)
Net income (loss) (773,004) 45,909 (3,317,107) (274,557)
Less: Net income attributable to noncontrolling interests 150,784 107,922 424,600 364,586
Net loss attributed to iQSTEL Inc. (923,788) (62,013) (3,741,707) (639,143)
Dividend on Series B Preferred Stock (816,480) (816,480)
Net loss attributed to stockholders of iQSTEL Inc. (923,788) (878,493) (3,741,707) (1,455,623)
Comprehensive income (loss)        
Foreign currency adjustment (4,428) 142
Total comprehensive income (loss) (773,004) 41,481 (3,317,107) (274,415)
Less: Comprehensive income attributable to noncontrolling interests 150,784 105,753 424,600 364,656
Net comprehensive loss attributed to iQSTEL Inc. $ (923,788) $ (64,272) $ (3,741,707) $ (639,071)
Basic and diluted loss per common share $ (0.01) $ (0.01) $ (0.02) $ (0.01)
Weighted average number of common shares outstanding - Basic and diluted 184,284,588 168,185,122 179,312,685 165,640,341