2023 Q3 Form 10-Q Financial Statement

#000121390023066736 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue -$28.00 $5.00
YoY Change
Cost Of Revenue $387.00 $284.00
YoY Change
Gross Profit -$415.00 -$279.00
YoY Change
Gross Profit Margin -5580.0%
Selling, General & Admin $750.0K $1.058M
YoY Change -72.44% 32.94%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $139.0K
YoY Change 387.8% 2991.28%
% of Gross Profit
Operating Expenses $846.1K $1.197M
YoY Change -69.14% 49.57%
Operating Profit -$846.5K -$1.197M
YoY Change -69.13% 49.61%
Interest Expense $83.83K $69.32K
YoY Change 149.79% -124.13%
% of Operating Profit
Other Income/Expense, Net -$20.00K $0.00
YoY Change -96.68%
Pretax Income -$1.015M -$2.652M
YoY Change -69.34% 143.89%
Income Tax
% Of Pretax Income
Net Earnings -$1.015M -$3.174M
YoY Change -69.26% 195.45%
Net Earnings / Revenue -63484340.0%
Basic Earnings Per Share -$0.08 -$0.01
Diluted Earnings Per Share -$0.08 -$0.01
COMMON SHARES
Basic Shares Outstanding 379.1M shares 376.9M shares
Diluted Shares Outstanding 12.79M shares 377.9M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $46.79K
YoY Change -98.52% -98.15%
Cash & Equivalents $19.40K $373.8K
Short-Term Investments
Other Short-Term Assets $49.41K $19.08K
YoY Change -63.09% -28.6%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $68.81K $254.6K
YoY Change -95.37% -90.05%
LONG-TERM ASSETS
Property, Plant & Equipment $7.569K $14.86K
YoY Change -85.56% -24.97%
Goodwill
YoY Change
Intangibles $0.00 $1.192M
YoY Change -100.0% 23.53%
Long-Term Investments $704.3K $306.8K
YoY Change 40.87% -38.63%
Other Assets $20.00K $84.57K
YoY Change -57.97% 143.02%
Total Long-Term Assets $726.9K $1.598M
YoY Change -59.57% 5.18%
TOTAL ASSETS
Total Short-Term Assets $68.81K $254.6K
Total Long-Term Assets $726.9K $1.598M
Total Assets $795.7K $1.853M
YoY Change -75.78% -54.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.596M $1.387M
YoY Change 177.72% 242.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $4.540M $3.900M
YoY Change 105.36% 117.03%
Long-Term Debt Due $0.00 $3.280K
YoY Change
Total Short-Term Liabilities $7.485M $8.303M
YoY Change 114.1% 200.96%
LONG-TERM LIABILITIES
Long-Term Debt $160.0K $158.4K
YoY Change -1.57% -1.73%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $158.3K $158.4K
YoY Change -2.64% -1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.485M $8.303M
Total Long-Term Liabilities $158.3K $158.4K
Total Liabilities $7.643M $8.462M
YoY Change 108.91% 189.77%
SHAREHOLDERS EQUITY
Retained Earnings -$56.86M -$55.85M
YoY Change 17.75% 24.14%
Common Stock $1.303K $37.91K
YoY Change -96.54% 3.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.848M -$6.609M
YoY Change
Total Liabilities & Shareholders Equity $795.7K $1.853M
YoY Change -75.78% -54.57%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.015M -$3.174M
YoY Change -69.26% 195.45%
Depreciation, Depletion And Amortization $100.0K $139.0K
YoY Change 387.8% 2991.28%
Cash From Operating Activities -$160.0K -$244.9K
YoY Change -81.56% -64.6%
INVESTING ACTIVITIES
Capital Expenditures $40.00K
YoY Change -113.41%
Acquisitions
YoY Change
Other Investing Activities -$750.0K -$215.9K
YoY Change 5763.96%
Cash From Investing Activities -$800.0K -$215.9K
YoY Change 157.13% 45.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 920.0K 351.6K
YoY Change 3543.83%
NET CHANGE
Cash From Operating Activities -160.0K -244.9K
Cash From Investing Activities -800.0K -215.9K
Cash From Financing Activities 920.0K 351.6K
Net Change In Cash -40.00K -109.1K
YoY Change -96.61% -86.87%
FREE CASH FLOW
Cash From Operating Activities -$160.0K -$244.9K
Capital Expenditures $40.00K
Free Cash Flow -$200.0K
YoY Change -64.88%

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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3731312 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
94466 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
62766 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-1810246 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2078298 usd
CY2022Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
9653 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
94462 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
62766 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1087332 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1157847 usd
us-gaap Profit Loss
ProfitLoss
-3449204 usd
us-gaap Profit Loss
ProfitLoss
-2897578 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-536245 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-44344 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2912959 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2853234 usd
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
-311932 usd
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
-149941 usd
us-gaap Depreciation
Depreciation
279705 usd
us-gaap Depreciation
Depreciation
8993 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
111654 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
263200 usd
ipsi Loss On Conversion Of Debt To Equity
LossOnConversionOfDebtToEquity
18478 usd
ipsi Penalty On Convertible Debt
PenaltyOnConvertibleDebt
-719558 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1381 usd
us-gaap Share Based Compensation
ShareBasedCompensation
261342 usd
us-gaap Share Based Compensation
ShareBasedCompensation
314460 usd
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
22103 usd
us-gaap Increase Decrease In Accounts Receivable From Securitization
IncreaseDecreaseInAccountsReceivableFromSecuritization
-18570 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-77957 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-58312 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
659490 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-63881 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
50000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
176107 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2712 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-968446 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1399939 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
35287 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-52734 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-933159 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1452673 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
44405 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
290290 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
200000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-244405 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-290290 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-36231 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-37510 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-280636 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-327800 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
900000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
11840 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
1147063 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
2342 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
885818 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1147063 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
9653 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
885818 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1137410 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-327977 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2917883 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
374765 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5449751 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46788 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2531868 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
373822 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5367551 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
943 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
82200 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
374765 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
5449751 usd
CY2023Q2 us-gaap Cash
Cash
46788 usd
CY2022Q2 us-gaap Cash
Cash
2520060 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
11808 usd
CY2023Q2 us-gaap Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
46788 usd
CY2022Q2 us-gaap Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
2531868 usd
us-gaap Interest Paid
InterestPaid
4191 usd
us-gaap Interest Paid
InterestPaid
88250 usd
ipsi Fair Value Of Warrants Issued With Convertible Notes
FairValueOfWarrantsIssuedWithConvertibleNotes
381881 usd
ipsi Conversion Of Convertible Debt To Equity
ConversionOfConvertibleDebtToEquity
25000 usd
ipsi Fair Value Of Warrants Issued For Equity Method Investments
FairValueOfWarrantsIssuedForEquityMethodInvestments
108220 usd
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
621920 shares
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
2500 shares
us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
500000 shares
CY2019Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
32047817 shares
CY2019Q4 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
2250000 shares
CY2019Q4 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
2250000 shares
CY2019Q4 ipsi Percentage Of Shares Vivi
PercentageOfSharesVivi
0.09 pure
CY2023Q2 ipsi Membership Interest
MembershipInterest
0.1111 pure
CY2023Q2 ipsi Tranche Paid
TranchePaid
200000 usd
CY2021Q3 ipsi Percentage Of Remaining Shares Owned
PercentageOfRemainingSharesOwned
0.49 pure
CY2023Q2 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
30000000 shares
CY2023Q2 ipsi Fintech Shares
FintechShares
250000 usd
CY2023Q2 ipsi Percentage Of Credits Against Invoices
PercentageOfCreditsAgainstInvoices
0.20 pure
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in"><b>c)</b></td> <td style="text-align: justify"><b>Use of Estimates</b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="background-color: white">The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, which are evaluated on an ongoing basis, that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the amounts of revenues and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and judgments. In particular, significant estimates and judgments include those related to, the estimated useful lives for plant and equipment, the fair value of long-lived investments, the fair value of warrants and stock options granted for services or compensation, estimates of the probability and potential magnitude of contingent liabilities, derivative liabilities, the valuation allowance for deferred tax assets due to continuing operating losses and the allowance for doubtful accounts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="background-color: white">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed consolidated financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.</span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in"><b>f)</b></td> <td style="text-align: justify"><b>Risks and Uncertainties</b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="background-color: white">The Company’s operations are and will be subject to significant risks and uncertainties including financial, operational, regulatory, and other risks, including the potential risk of business failure. These risks include, without limitation, risks associated with (i) launching and scaling the Company’s IPSIPay and IPSIPay Express products and the use by customers of such products, (ii) developing and implementing successful marketing campaigns and other strategic initiatives; (iii) competition, (iv) compliance with applicable laws, rules and regulations (including those related to fund remittance); (v) the Company’s outstanding indebtedness, including the Company’s ability to repay or extend the maturity of such indebtedness (see notes 11 and 12); (vi) inflation and other economic factors and (vii) the Company’s ability to obtain necessary financing. These conditions may not only limit the Company’s access to capital, but also make it difficult for its customers, vendors and the Company to accurately forecast and plan future business activities.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="background-color: white">The Company’s results may also be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, and rates and methods of taxation, among other things. Many of these risks are beyond the Company’s control and are unpredictable. The Company may be unable to adequately manage such risks and similar risks, which could impair the viability of the Company.</span></p>
us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
308220 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1381 usd
ipsi Joint Venture Total
JointVentureTotal
306839 usd
CY2023Q2 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
2342 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2023Q2 ipsi Federally Insured Limit
FederallyInsuredLimit
0 usd
CY2022Q4 ipsi Federally Insured Limit
FederallyInsuredLimit
120580 usd
CY2023Q2 ipsi Equity Methods Investment Ownership Percentage
EquityMethodsInvestmentOwnershipPercentage
0.20 pure
ipsi Schedule Of Estimated Useful Lives Of Assets
ScheduleOfEstimatedUsefulLivesOfAssets
<span style="background-color: white">Plant and equipment is stated at cost, less accumulated depreciation. Plant and equipment with costs greater than $1,000 are capitalized and depreciated. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of the assets are as follows:</span><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 49%; border-bottom: black 1.5pt solid"><b>Description</b></td> <td style="width: 2%"> </td> <td style="width: 49%; border-bottom: black 1.5pt solid"><b>Estimated Useful Life</b></td></tr> <tr> <td> </td> <td> </td> <td> </td></tr> <tr style="background-color: #CCEEFF"> <td>Kiosks (not used in the Company’s current business)</td> <td> </td> <td>7 years</td></tr> <tr> <td> </td> <td> </td> <td> </td></tr> <tr style="background-color: #CCEEFF"> <td>Computer equipment</td> <td> </td> <td>3 years</td></tr> <tr> <td> </td> <td> </td> <td> </td></tr> <tr style="background-color: #CCEEFF"> <td>Office equipment</td> <td> </td> <td>10 years</td></tr> </table>
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
438 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
0 usd
us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
2775 usd
CY2023Q2 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
147656 usd
CY2023Q2 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
30000000 shares
CY2023Q2 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
250000 usd
CY2023Q2 us-gaap Credit Derivative Liquidation Proceeds Percentage
CreditDerivativeLiquidationProceedsPercentage
0.20 pure
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
339 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
327211 usd
CY2023Q2 ipsi Business Combination Recognized Identifiable Assets Acquired And Liabilities Security Deposit
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesSecurityDeposit
15000 usd
CY2023Q2 ipsi Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Investment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInvestment
500000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentAssets
842211 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
842550 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
97126 usd
CY2023Q2 ipsi Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Assets Sold
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAssetsSold
745424 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
250000 usd
CY2023Q2 ipsi Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Loss On Disposal
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLossOnDisposal
495424 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
943 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
291320 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
500000 usd
CY2022 ipsi Security Deposits
SecurityDeposits
15000 usd
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
807263 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
33810 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
33810 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
25561 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
26483 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
40821 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
44344 usd
CY2023Q2 us-gaap Production Tax Expense
ProductionTaxExpense
25561 usd
CY2022Q2 us-gaap Production Tax Expense
ProductionTaxExpense
26483 usd
us-gaap Production Tax Expense
ProductionTaxExpense
40821 usd
us-gaap Production Tax Expense
ProductionTaxExpense
44344 usd
CY2023Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-25561 usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-26483 usd
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-40821 usd
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-44344 usd
CY2023Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-25561 usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-26483 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-40821 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-44344 usd
CY2023Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
13978 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
3275 usd
CY2021Q3 us-gaap Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
250000 usd
CY2021Q3 ipsi Fintech Percentage
FintechPercentage
0.51 pure
CY2021Q3 ipsi Owned Frictionless Financial Technologies
OwnedFrictionlessFinancialTechnologies
0.49 pure
CY2022 ipsi Additional Amount Of Software
AdditionalAmountOfSoftware
41320 usd
ipsi Additional Amount Of Software
AdditionalAmountOfSoftware
35891 usd
CY2021 us-gaap Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
375000 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
1127400 usd
us-gaap Payments For Software
PaymentsForSoftware
44405 usd
us-gaap Finite Lived Intangible Assets Cost Incurred To Renew Or Extend
FiniteLivedIntangibleAssetsCostIncurredToRenewOrExtend
1546805 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-355112 usd
CY2023Q2 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
1191693 usd
CY2022Q4 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
1401491 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
128348 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
254204 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2023Q2 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
200000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
108220 usd
us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
The lease commenced on April 1, 2021 and is for a twelve month period, terminating on April 1, 2022.
us-gaap Lease Cost
LeaseCost
4800 usd
CY2023Q1 ipsi Monthly Rent
MonthlyRent
5088 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
30528 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
28800 usd
ipsi Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
-30528 usd
ipsi Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
-28800 usd
ipsi Remaining Lease Term Operating Lease
RemainingLeaseTermOperatingLease
Monthly
ipsi Remaining Lease Term Operating Lease
RemainingLeaseTermOperatingLease
Monthly
CY2020Q3 ipsi Disaster Loan Amount
DisasterLoanAmount
150000 usd
CY2020Q3 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0375 pure
CY2020Q3 us-gaap Interest And Fee Income Loans Consumer Installment Credit Card
InterestAndFeeIncomeLoansConsumerInstallmentCreditCard
731 usd
ipsi Loss On Conversion Of Debt To Equity
LossOnConversionOfDebtToEquity
usd
CY2021Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
500500 usd
CY2021Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.125 pure
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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DebtInstrumentsInterestRateStatedPercentage
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us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
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BeneficiallyOwnOfPercentage
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LimitationExceedsPercentage
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CY2023Q2 us-gaap Convertible Long Term Notes Payable
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DerivativeCashReceivedOnHedge
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DerivativeCashReceivedOnHedge
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ipsi Derivative Financial Liability Arising From Convertible Note
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CY2022 ipsi Derivative Financial Liability Arising From Convertible Note
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2023Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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CY2023Q2 ipsi Conversion Of Convertible Debt To Equity
ConversionOfConvertibleDebtToEquity
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ipsi Restricted Stock Granted Shares
RestrictedStockGrantedShares
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ipsi Restricted Stock Granted Weighted Average Fair Value Per Share
RestrictedStockGrantedWeightedAverageFairValuePerShare
0.05
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OtherTaxExpenseBenefit
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CY2022Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
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us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
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us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
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CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
(i) a cash endorsement fee of Three Hundred Thousand U.S. Dollars ($300,000 USD), payable as follows: (i) One Hundred Twenty-Five Thousand Dollars ($125,000) upon execution of the Endorsement Agreement, (ii) One Hundred Twenty-Five Thousand Dollars ($125,000) quarterly during the Term, beginning on the 90th day following the Effective Date, and (iii) Fifty Thousand Dollars ($50,000) on or prior to the first anniversary of the Effective Date and (ii) warrants exercisable for an aggregate of Fifteen Million (15,000,000) shares of the Common Stock at an exercise price of $0.0345 per share. The Warrants shall have a three-year term commencing from the Effective Date.
CY2022Q3 ipsi Expiration Dates
ExpirationDates
2027-08-30
CY2022Q4 ipsi Note Amendment Transaction Description
NoteAmendmentTransactionDescription
the Company entered into the December 2022 Note Amendment Transaction, as fully described in note 9 above. In terms of the Note Amendment Transaction the following occurred: ●The warrants issued to Cavalry and Mercer exercisable for 4,973,914 shares of Common Stock (2,486,957 for each of Cavalry and Mercer), were exchanged for two promissory notes of $482,000 each, as disclosed in note 8 above; ●The warrants issued to Cavalry and Mercer on August 30, 2022, were subject to repricing and a full rachet increase in the number of warrants issued, resulting in an increase in the number of warrants by 72,260,870 (36,130,435 to each Cavalry and Mercer) and a reset of the exercise price to $0.0115 per share. The additional warrants were valued at $841,003 using a Black-Scholes valuation model and was expensed in the statement of operations as a component of the loss on convertible debt. ●An additional 13,736,857 warrants previously issued to Mercer, Iroquois Master Fund and Bellridge Capital LP were subject to repricing of the exercise price from a range of $0.05 to $0.15 per share to $0.0115 per share. The change in the fair value of these warrants of $20,079, using a Black-Scholes valuation model was recorded as a component of the loss on convertible debt.  
us-gaap Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
0.0999 pure
CY2023Q2 us-gaap Preferred Stock Per Share Amounts Of Preferred Dividends In Arrears
PreferredStockPerShareAmountsOfPreferredDividendsInArrears
0.015
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
198926452 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y11M26D
CY2023Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.0259
CY2023Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
195176452 shares
CY2023Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
0.0259
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
395833 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022Q3 ipsi Options Exercisable Shares
OptionsExercisableShares
200000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.04
CY2022 ipsi Amount Of Immediate Expense
AmountOfImmediateExpense
31970 usd
CY2022Q2 ipsi Loss On Disposal Of Subsidiary And Investment
LossOnDisposalOfSubsidiaryAndInvestment
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ipsi Loss On Disposal Of Subsidiary And Investment
LossOnDisposalOfSubsidiaryAndInvestment
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
ipsi Share Based Compensation Arrangements By Share Based Payment Award Option Outstanding
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionOutstanding
46316666 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.15
CY2023Q2 ipsi Options Exercisable Number Exercisablein
OptionsExercisableNumberExercisablein
40483333 shares
CY2023Q2 ipsi Options Exercisable Weighted Average Exercise Price
OptionsExercisableWeightedAverageExercisePrice
0.15
ipsi Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm
P8Y5M26D
CY2023Q2 ipsi Intrinsic Value Outstanding Options
IntrinsicValueOutstandingOptions
0 usd
CY2022Q2 ipsi Intrinsic Value Outstanding Options
IntrinsicValueOutstandingOptions
0 usd
CY2023Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
94465 usd
CY2022Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
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us-gaap Restricted Stock Expense
RestrictedStockExpense
188928 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
188928 usd
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
545726432 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
79800582 shares
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
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CY2023Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
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CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
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CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2023Q2 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
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CY2022Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
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CY2023Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
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CY2022Q4 ipsi Related Party Payables
RelatedPartyPayables
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CY2022Q4 us-gaap Federal Home Loan Bank Advances Current
FederalHomeLoanBankAdvancesCurrent
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CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2023Q2 us-gaap Minority Interest
MinorityInterest
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us-gaap Revenues
Revenues
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us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2022Q2 ipsi Loss On Debt Conversion
LossOnDebtConversion
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ipsi Loss On Debt Conversion
LossOnDebtConversion
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CY2023Q2 ipsi Penalty On Convertible Debt
PenaltyOnConvertibleDebt
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CY2022Q2 ipsi Penalty On Convertible Debt
PenaltyOnConvertibleDebt
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ipsi Penalty On Convertible Debt
PenaltyOnConvertibleDebt
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CY2022Q2 ipsi Amortization Of Debt Discount
AmortizationOfDebtDiscount
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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ipsi Penalty On Convertible Debt
PenaltyOnConvertibleDebt
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Increase Decrease In Accrued Investment Income Receivable
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us-gaap Increase Decrease In Accounts Receivable From Securitization
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us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
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us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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ipsi Fair Value Of Warrants Issued With Convertible Notes
FairValueOfWarrantsIssuedWithConvertibleNotes
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ipsi Conversion Of Convertible Debt To Equity
ConversionOfConvertibleDebtToEquity
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ipsi Fair Value Of Warrants Issued For Equity Method Investments
FairValueOfWarrantsIssuedForEquityMethodInvestments
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CY2023Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
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CY2022Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
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us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
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us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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us-gaap Gross Profit
GrossProfit
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CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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ipsi Derivativefinancialliabilityarisingonnoteamendmentincludedinlossonconvertiblenotes
Derivativefinancialliabilityarisingonnoteamendmentincludedinlossonconvertiblenotes
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001591913

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