Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash	$ 2,597,587	$ 2,155,359
Accounts receivable, net	23,697,094	30,259,020
Inventory	30,658	30,658
Due from related parties	496,520	639,519
Prepaid and other current assets	2,904,623	3,077,868
Total Current Assets	29,726,482	36,162,424
Property and equipment, net	564,114	615,048
Intangible asset, net	6,837,091	6,957,404
Goodwill	5,790,049	5,790,049
Deferred tax assets	459,472	459,472
Other assets	1,148,918	1,103,538
TOTAL ASSETS	44,526,126	51,087,935
Current Liabilities
Accounts payable	8,531,004	9,167,288
Accrued and other current liabilities	14,577,738	19,050,496
Contract liabilities	1,111,441	1,391,377
Due to related parties	65,829	65,829
Loans payable - net of discount of $83,053 and $127,170, respectively	4,862,497	4,020,833
Loans payable - related parties	94,711	125,409
Contingent liability for acquisition of subsidiary	285,175	285,175
Stock payable for acquisition of subsidiary	500,000	500,000
Total Current Liabilities	30,028,395	34,606,407
Loans payable, non-current	29,394	31,302
Employee benefits, non-current	169,599	169,599
TOTAL LIABILITIES	30,227,388	34,807,308
Stockholders' Equity
Common stock: 26,000,000 authorized; $0.001 par value 5,076,368 and 4,668,017 shares issued and outstanding, respectively	5,076	4,668
Additional paid in capital	54,460,136	54,455,615
Accumulated deficit	(44,349,472)	(42,991,879)
Accumulated other comprehensive loss	(25,340)	(25,340)
Equity attributed to stockholders of IQSTEL Inc.	10,090,478	11,443,151
Equity attributable to noncontrolling interests	4,208,260	4,837,476
TOTAL STOCKHOLDERS' EQUITY	14,298,738	16,280,627
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	44,526,126	51,087,935
Preferred Class A [Member]
Stockholders' Equity
Preferred stock: 1,200,000 authorized; $0.001 par value	10	10
Preferred Class B [Member]
Stockholders' Equity
Preferred stock: 1,200,000 authorized; $0.001 par value	59	59
Preferred Class C [Member]
Stockholders' Equity
Preferred stock: 1,200,000 authorized; $0.001 par value
Preferred Class D [Member]
Stockholders' Equity
Preferred stock: 1,200,000 authorized; $0.001 par value	$ 9	$ 18

iQSTEL Inc 10-Q