{"url_path":"/sec/ipsi/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 Defaults upon Senior Securities.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1591913/0001213900-26-057675-index.html","accession_number":"0001213900-26-057675","cik":"0001591913","ticker":"IPSI","issuer_name":"Innovative Payment Solutions, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1591913/0001213900-26-057675-index.html","primary_entity_key":"0001591913","primary_entity_name":"Innovative Payment Solutions, Inc."},"word_count":52,"has_tables":true,"body_markdown":"**Item 3. Defaults upon Senior Securities.**\n\n \n\nCertain of the convertible\ndebt and notes payable of the Company are technically in default, although no default has been declared, except for one investor with\na balance due of $19,951. Where the notes in default provide for default penalties or interest, these have been accrued."}