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NOTE 13 – ACQUISITION (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
NOTE 13 - ACQUISITIONS - Summary of Fair Value Consideration Paid in Acquisition |
|  | July 1,
Fair Value of Consideration: |  | 2025
Cash |  | $ | 100,000 |
Promissory note |  |  | 100,000 |
IQSTEL common stock |  |  | 500,000 |
Contingent liability |  |  | 285,175 |
Total Purchase Price |  | $ | 985,175 |
NOTE 13 - ACQUISITIONS - Globetopper Assets and Liabilities Acquired |
Total purchase price |  | $ | 985,175 |
Assets Acquired: |  |  |  |
Cash |  |  | 129,531 |
Prepaid expenses and other current assets |  |  | 306,310 |
Total identifiable assets |  |  | 435,841 |
Liabilities Assumed: |  |  |  |
Other current liabilities |  |  | (71,580 | )
Contract liabilities |  |  | (703,262 | )
Line of credit |  |  | (99,000 | )
Total liabilities assumed |  |  | (873,842 | )
Net assets |  |  | (438,001 | )
Non-controlling interest - 49% |  |  | 214,620 |
Total net assets |  |  | (223,381 | )
Goodwill |  | $ | 1,208,556 |
NOTE 13 - ACQUISITIONS - Proforma Results of Operations for Globetopper Acquisition |
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  | $ | 102,867,553 |  |  | $ | 62,183,464 |  |  | $ | 258,349,274 |  |  | $ | 212,841,207 |
Cost of revenues |  |  | 100,126,838 |  |  |  | 59,991,984 |  |  |  | 251,263,440 |  |  |  | 206,623,461 |
Gross profit |  |  | 2,740,715 |  |  |  | 2,191,480 |  |  |  | 7,085,834 |  |  |  | 6,217,746 |
Operating expenses |  |  | 3,299,798 |  |  |  | 2,231,896 |  |  |  | 8,692,708 |  |  |  | 6,647,307 |
Operating loss |  |  | (559,083 | ) |  |  | (40,416 | ) |  |  | (1,606,874 | ) |  |  | (429,561 | )
Other expense |  |  | (1,694,867 | ) |  |  | (651,416 | ) |  |  | (3,819,843 | ) |  |  | (2,648,705 | )
Income tax |  |  | (71,919 | ) |  |  | (69,605 | ) |  |  | (184,190 | ) |  |  | (134,880 | )
Net loss |  | $ | (2,325,869 | ) |  | $ | (761,437 | ) |  | $ | (5,610,907 | ) |  | $ | (3,213,146 | )

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