2022 Q3 Form 10-Q Financial Statement

#000166357722000455 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $21.94M $23.70M $19.42M
YoY Change 32.81% 46.94% 36.78%
Cost Of Revenue $20.62M $22.85M $18.94M
YoY Change 31.55% 42.09% 38.11%
Gross Profit $1.315M $846.3K $484.1K
YoY Change 56.35% 1798.97% -0.68%
Gross Profit Margin 5.99% 3.57% 2.49%
Selling, General & Admin $1.071M $1.083M $900.1K
YoY Change 11.85% -10.42% -39.92%
% of Gross Profit 81.42% 128.0% 185.95%
Research & Development $45.16K
YoY Change
% of Gross Profit 9.33%
Depreciation & Amortization $28.85K $28.82K $33.55K
YoY Change 17.76% 31.84% 63.18%
% of Gross Profit 2.19% 3.41% 6.93%
Operating Expenses $1.256M $1.144M $978.8K
YoY Change 31.23% -5.35% -34.66%
Operating Profit $58.81K -$298.2K -$494.7K
YoY Change -150.64% -74.4% -51.05%
Interest Expense -$3.690K -$3.840K -$14.89K
YoY Change -45.74% -113.99% -95.78%
% of Operating Profit -6.27%
Other Income/Expense, Net -$31.50K $12.72K -$4.410K
YoY Change -368.55% -69.88% -117.95%
Pretax Income $27.31K -$285.5K -$524.7K
YoY Change -124.56% -74.57% -72.07%
Income Tax
% Of Pretax Income
Net Earnings -$68.86K -$351.2K -$555.0K
YoY Change -65.39% -64.43% -71.43%
Net Earnings / Revenue -0.31% -1.48% -2.86%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00 -$3.761K
COMMON SHARES
Basic Shares Outstanding 151.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.295M $1.646M $4.227M
YoY Change 8.75% -11.0% 39.38%
Cash & Equivalents $1.295M $1.646M $4.227M
Short-Term Investments
Other Short-Term Assets $546.2K $493.5K $141.1K
YoY Change 199.84% 140.52% 19.77%
Inventory $26.12K
Prepaid Expenses $546.2K $493.5K
Receivables $3.923M $4.303M $2.604M
Other Receivables $351.1K $376.0K $399.6K
Total Short-Term Assets $6.141M $6.818M $7.372M
YoY Change 18.05% 22.56% 26.35%
LONG-TERM ASSETS
Property, Plant & Equipment $391.8K $386.7K $398.9K
YoY Change 11.07% 7.66% 18.81%
Goodwill $5.172M $5.172M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $413.4K $426.7K $441.3K
YoY Change -5.15% -2.98% 2.14%
Total Long-Term Assets $6.077M $6.085M $2.478M
YoY Change 155.76% 156.56% 6.16%
TOTAL ASSETS
Total Short-Term Assets $6.141M $6.818M $7.372M
Total Long-Term Assets $6.077M $6.085M $2.478M
Total Assets $12.22M $12.90M $9.850M
YoY Change 61.22% 62.61% 20.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.913M $2.517M $1.522M
YoY Change -21.09% -4.95% -25.99%
Accrued Expenses $30.83K $40.93K $232.7K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due -$93.20K $96.19K $336.1K
YoY Change -107.79% -92.2% -82.56%
Total Short-Term Liabilities $2.770M $3.607M $2.650M
YoY Change -29.27% -13.86% -58.66%
LONG-TERM LIABILITIES
Long-Term Debt $101.6K $104.8K $108.4K
YoY Change -19.39% -23.26% -56.37%
Other Long-Term Liabilities $144.9K $149.5K $154.7K
YoY Change -5.16% -2.98% 2.14%
Total Long-Term Liabilities $246.5K $254.4K $263.1K
YoY Change -11.59% -12.51% -34.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.770M $3.607M $2.650M
Total Long-Term Liabilities $246.5K $254.4K $263.1K
Total Liabilities $3.016M $3.862M $1.947M
YoY Change -6.67% 12.72% -67.11%
SHAREHOLDERS EQUITY
Retained Earnings -$19.51M -$19.44M
YoY Change
Common Stock $151.8K $151.6K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.04M $9.976M $7.903M
YoY Change
Total Liabilities & Shareholders Equity $12.22M $12.90M $9.850M
YoY Change 61.22% 62.61% 20.58%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$68.86K -$351.2K -$555.0K
YoY Change -65.39% -64.43% -71.43%
Depreciation, Depletion And Amortization $28.85K $28.82K $33.55K
YoY Change 17.76% 31.84% 63.18%
Cash From Operating Activities -$53.61K -$987.6K -$447.7K
YoY Change -86.35% -6.05% -57.05%
INVESTING ACTIVITIES
Capital Expenditures -$39.27K -$22.30K -$24.92K
YoY Change 16.25% -55.83% 35.8%
Acquisitions
YoY Change
Other Investing Activities -$249.7K -$1.565M $0.00
YoY Change 30.44% 6415.53% -100.0%
Cash From Investing Activities -$289.0K -$1.587M -$24.92K
YoY Change 28.31% 2030.37% -68.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 1.368M
YoY Change -100.0% -100.0% -59.96%
NET CHANGE
Cash From Operating Activities -53.61K -987.6K -447.7K
Cash From Investing Activities -289.0K -1.587M -24.92K
Cash From Financing Activities 0.000 0.000 1.368M
Net Change In Cash -342.6K -2.575M 895.4K
YoY Change -47.89% 116.67% -61.0%
FREE CASH FLOW
Cash From Operating Activities -$53.61K -$987.6K -$447.7K
Capital Expenditures -$39.27K -$22.30K -$24.92K
Free Cash Flow -$14.34K -$965.3K -$422.7K
YoY Change -96.0% -3.54% -58.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001527702
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2021Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
IQST Prepayment And Default Penalty
PrepaymentAndDefaultPenalty
usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
IQST Proceeds From Issuance Of Common Stock Purchase Options
ProceedsFromIssuanceOfCommonStockPurchaseOptions
usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
usd
IQST Stock Issued During Period Value Acquisitions To Be Issued
StockIssuedDuringPeriodValueAcquisitionsToBeIssued
usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
usd
us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
usd
IQST Related Party Debt Forgiveness
RelatedPartyDebtForgiveness
usd
IQST Common Stock Issued For Settlement Of Debt Value2
CommonStockIssuedForSettlementOfDebtValue2
usd
IQST Preferred Stock Issued For Conversion Of Common Stock
PreferredStockIssuedForConversionOfCommonStock
usd
CY2022Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2021Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2021Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-55984
dei Entity Registrant Name
EntityRegistrantName
iQSTEL Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-2808620
dei Entity Address Address Line1
EntityAddressAddressLine1
300 Aragon Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 375
dei Entity Address City Or Town
EntityAddressCityOrTown
Coral Gables
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33134
dei City Area Code
CityAreaCode
954
dei Local Phone Number
LocalPhoneNumber
951-8191
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
151530378 shares
CY2022Q2 us-gaap Cash
Cash
1645937 usd
CY2021Q4 us-gaap Cash
Cash
3334813 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4303010 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2540515 usd
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
375955 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
424086 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
493539 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
267110 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
6818441 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
6566524 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
386707 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
409382 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
99592 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
99592 usd
CY2022Q2 us-gaap Goodwill
Goodwill
5172146 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1537742 usd
CY2022Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
426664 usd
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
446402 usd
CY2022Q2 us-gaap Assets
Assets
12903550 usd
CY2021Q4 us-gaap Assets
Assets
9059642 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2517086 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1474595 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
26613 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
26613 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
0 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
7406 usd
CY2022Q2 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
96185 usd
CY2021Q4 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
315450 usd
CY2022Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
228727 usd
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
239308 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
658131 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
307049 usd
CY2022Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
80674 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3607416 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2363015 usd
CY2022Q2 us-gaap Loans Payable To Bank
LoansPayableToBank
104840 usd
CY2021Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
119295 usd
CY2022Q2 IQST Employee Benefits Non Current
EmployeeBenefitsNonCurrent
149518 usd
CY2021Q4 IQST Employee Benefits Non Current
EmployeeBenefitsNonCurrent
156434 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
151559011 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
151559011 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
147477358 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147477358 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
151559 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
147477 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29304429 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
25842982 usd
CY2022Q2 us-gaap Liabilities
Liabilities
3861774 usd
CY2021Q4 us-gaap Liabilities
Liabilities
2638744 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1200000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1200000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19443071 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18536921 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-37376 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-36658 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9975572 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
7416911 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
-933796 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
-996013 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9041776 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6420898 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12903550 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9059642 usd
CY2022Q2 us-gaap Revenues
Revenues
23699716 usd
CY2021Q2 us-gaap Revenues
Revenues
16128367 usd
us-gaap Revenues
Revenues
43119027 usd
us-gaap Revenues
Revenues
30325978 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
22853442 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
16083802 usd
us-gaap Cost Of Revenue
CostOfRevenue
41788693 usd
us-gaap Cost Of Revenue
CostOfRevenue
29794043 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
846274 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
44565 usd
us-gaap Gross Profit
GrossProfit
1330334 usd
us-gaap Gross Profit
GrossProfit
531935 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1144452 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1209167 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2133950 usd
CY2021Q2 IQST Interest Expense2
InterestExpense2
12062 usd
IQST Interest Expense2
InterestExpense2
18724 usd
IQST Interest Expense2
InterestExpense2
642087 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2707278 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
1144452 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
1209167 usd
us-gaap Operating Expenses
OperatingExpenses
2133950 usd
us-gaap Operating Expenses
OperatingExpenses
2707278 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-298178 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1164602 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-803616 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2175343 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
6432 usd
CY2021Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4145 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-4628 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
29179 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10125 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-427 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16780 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-896 usd
CY2022Q2 IQST Interest Expense2
InterestExpense2
3836 usd
CY2021Q2 IQST Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss1
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss1
39505 usd
IQST Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss1
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss1
317080 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
11069 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-528794 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12721 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
42230 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6572 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-825518 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-285457 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1122372 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-810188 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3000861 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-285457 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-1122372 usd
us-gaap Profit Loss
ProfitLoss
-810188 usd
us-gaap Profit Loss
ProfitLoss
-3000861 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
65723 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-134996 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
95962 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-71094 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-351180 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-987376 usd
us-gaap Net Income Loss
NetIncomeLoss
-906150 usd
us-gaap Net Income Loss
NetIncomeLoss
-2929767 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-285457 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-1122372 usd
us-gaap Profit Loss
ProfitLoss
-810188 usd
us-gaap Profit Loss
ProfitLoss
-3000861 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
1023 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
56664 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
1407 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
-50992 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-286480 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1179036 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-811595 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2949869 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
65222 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-162761 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
95273 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-46108 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-351702 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1016275 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-906868 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2903761 usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2022Q2 IQST Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
150835665 shares
CY2021Q2 IQST Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
139078656 shares
IQST Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
149196728 shares
IQST Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
128840922 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
7416911 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
41139 usd
CY2022Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-196 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-554970 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
7902884 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30490 usd
CY2022Q2 IQST Stock Issued During Period Value Acquisitions To Be Issued
StockIssuedDuringPeriodValueAcquisitionsToBeIssued
1550000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
325000 usd
CY2022Q2 IQST Common Stock Payable Value
CommonStockPayableValue
18900 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
500000 usd
CY2022Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-522 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-351180 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9975572 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1388575 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3586250 usd
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
284700 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
564000 usd
CY2021Q1 IQST Common Stock Issued For Forbearance Of Debt Value
CommonStockIssuedForForbearanceOfDebtValue
49925 usd
CY2021Q1 IQST Common Stock Issued For Conversion Of Debt Value
CommonStockIssuedForConversionOfDebtValue
422295 usd
CY2021Q1 IQST Cancellation Of Common Stock Value
CancellationOfCommonStockValue
-90104 usd
CY2021Q1 IQST Resolution Of Derivative Liabilities Value
ResolutionOfDerivativeLiabilitiesValue
708611 usd
CY2021Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
54905 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-1942391 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2249616 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
412200 usd
CY2021Q2 IQST Common Stock Issued For Settlement Of Debt Value1
CommonStockIssuedForSettlementOfDebtValue1
2056530 usd
CY2021Q2 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
807103 usd
CY2021Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-28899 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-987376 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
4509174 usd
us-gaap Profit Loss
ProfitLoss
-810188 usd
us-gaap Profit Loss
ProfitLoss
-3000861 usd
us-gaap Share Based Compensation
ShareBasedCompensation
90529 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1170796 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62371 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42421 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
7407 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
435956 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-317080 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-528794 usd
IQST Prepayment And Default Penalty
PrepaymentAndDefaultPenalty
122020 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
910284 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
784128 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6977 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
130278 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
47832 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
49794 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-31917 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
34224 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-129121 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1435292 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2093398 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-1564132 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-60000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47223 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68844 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
24220 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
100 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
200 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1612255 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-152864 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
400000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
232018 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
321609 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
60787 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1100000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3586250 usd
IQST Proceeds From Issuance Of Common Stock Purchase Options
ProceedsFromIssuanceOfCommonStockPurchaseOptions
500000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1367982 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3353854 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-9311 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11438 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1688876 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1096154 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3334813 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
753316 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1645937 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1849470 usd
us-gaap Interest Paid Net
InterestPaidNet
3333 usd
us-gaap Interest Paid Net
InterestPaidNet
117198 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
325000 usd
IQST Stock Issued During Period Value Acquisitions To Be Issued
StockIssuedDuringPeriodValueAcquisitionsToBeIssued
1550000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
422295 usd
us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
708611 usd
IQST Related Party Debt Forgiveness
RelatedPartyDebtForgiveness
807103 usd
IQST Common Stock Issued For Settlement Of Debt Value2
CommonStockIssuedForSettlementOfDebtValue2
2056530 usd
IQST Preferred Stock Issued For Conversion Of Common Stock
PreferredStockIssuedForConversionOfCommonStock
21 usd
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2011-06-24
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
120000 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
71629 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
151559011 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
151559011 shares
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zn5jBlIcGDQa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/>
IQST Conideration Of Whisl
ConiderationOfWhisl
<table cellpadding="0" cellspacing="0" id="xdx_888_ecustom--ConiderationOfWhisl_zDtDxaHNVj32" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 50%; margin-right: auto" summary="xdx: Disclosure - NOTE 4 - ACQUISITIONS - Whisl Consideration (Details)"> <tr style="vertical-align: bottom"> <td colspan="2" style="font-size: 11pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">May 13,</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fair Value of Consideration:</span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 43%; text-align: right"><span id="xdx_902_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_c20220513__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zAgc0miCtWx9">1,000,000</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payable to seller</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--BusinessCombinationContingentConsiderationLiability_iI_c20220513__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zqbBfXlNErp8">250,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220101__20220630__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zfoNBnoVBcP4">1,461,653</span> shares of common stock</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_c20220101__20220630__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zSzQKpgZ8f8c">550,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Purchase Price</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--AcquisitionCostsCumulative_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zsqA1NFZro58">1,800,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
IQST Conideration Of Smartbiz
ConiderationOfSmartbiz
<table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ConiderationOfSmartbiz_zblxWSUlwZuj" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 50%; margin-right: auto" summary="xdx: Disclosure - NOTE 4 - ACQUISITIONS - Smartbiz Consideration (Details)"> <tr style="vertical-align: bottom"> <td colspan="2" style="font-size: 11pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 1,</td></tr> <tr style="vertical-align: bottom"> <td colspan="2">Fair Value of Consideration:</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2022</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 43%; text-align: right"><span id="xdx_906_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_za6MyugLsig6">725,000</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payable to seller</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--BusinessCombinationContingentConsiderationLiability_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zG0yn0E0ccs8">75,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220501__20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zE2MUqMeTR1l">2,850,330</span> shares of common stock </span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_c20220501__20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zdURwW9IafQ2">1,000,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Purchase Price</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--AcquisitionCostsCumulative_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zmVBMLhmZlef">1,800,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
982242 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
985801 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
595535 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
576419 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
386707 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
409382 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
62371 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
42421 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
201025 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
442151 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
201025 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
434745 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
96185 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
315450 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
104840 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
119295 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
658131 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
307049 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Loans Payable
LoansPayable
228727 usd
CY2021Q4 us-gaap Loans Payable
LoansPayable
239308 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
228727 usd
CY2021Q4 us-gaap Loans Payable Current
LoansPayableCurrent
239308 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
40929 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
61153 usd
CY2022Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
325000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8173 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
80730 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
92229 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2799 usd
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
106516 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
105221 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
102157 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40273 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
147477358 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147477358 shares
IQST Proceeds From Issuance Of Common Stock Purchase Options
ProceedsFromIssuanceOfCommonStockPurchaseOptions
500000 usd
CY2022Q2 us-gaap Revenues
Revenues
23699716 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
22853442 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
846274 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1144452 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
24220 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
100 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
200 usd
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
375955 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
424086 usd
IQST Repayments Of Related Party Debt2
RepaymentsOfRelatedPartyDebt2
0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
60787 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
26613 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
26613 usd
us-gaap Management Fee Expense
ManagementFeeExpense
270000 usd
us-gaap Management Fee Expense
ManagementFeeExpense
270000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
0 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
976200 usd
us-gaap Payments To Employees
PaymentsToEmployees
281000 usd
us-gaap Payments To Employees
PaymentsToEmployees
301300 usd
CY2022Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12M
us-gaap Operating Lease Expense
OperatingLeaseExpense
38645 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
24223 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-298178 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12721 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-285457 usd
CY2021Q2 us-gaap Revenues
Revenues
16128367 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
16083802 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
44565 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1209167 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1164602 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
42230 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-1122372 usd
us-gaap Revenues
Revenues
43119027 usd
us-gaap Cost Of Revenue
CostOfRevenue
41788693 usd
us-gaap Gross Profit
GrossProfit
1330334 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2133950 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-803616 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6572 usd
us-gaap Profit Loss
ProfitLoss
-810188 usd
us-gaap Revenues
Revenues
30325978 usd
us-gaap Cost Of Revenue
CostOfRevenue
29794043 usd
us-gaap Gross Profit
GrossProfit
531935 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2707278 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2175343 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-825518 usd
us-gaap Profit Loss
ProfitLoss
-3000861 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
6818441 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
6085109 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3607416 usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
254358 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
6566524 usd
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2493118 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2363015 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
275729 usd

Files In Submission

Name View Source Status
0001663577-22-000455-index-headers.html Edgar Link pending
0001663577-22-000455-index.html Edgar Link pending
0001663577-22-000455.txt Edgar Link pending
0001663577-22-000455-xbrl.zip Edgar Link pending
ex31_1.htm Edgar Link pending
ex31_2.htm Edgar Link pending
ex32_1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
iqst-20220630.xsd Edgar Link pending
iqst10q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
iqst-20220630_cal.xml Edgar Link unprocessable
iqst-20220630_def.xml Edgar Link unprocessable
iqst-20220630_lab.xml Edgar Link unprocessable
iqst-20220630_pre.xml Edgar Link unprocessable
iqst10q_htm.xml Edgar Link completed
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending