10-Q Filing

MOPALS.COM, INC. CIK: 1222218 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001213900-11-004400`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	mbkr-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 63 Cash Flow Statement 48

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.73M	USD	Point-in-time
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$752.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$49.58K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	38.85M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$43.77K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	38.85M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.02M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$796.19K	USD	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	38.85M	shares	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	38.85M	shares	Point-in-time
Equipment, net (note 3)	`MachineryAndEquipmentGross`	$77.34K	USD	Point-in-time
Equipment, net (note 3)	`MachineryAndEquipmentGross`	$85.60K	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasedAssetsGross`	$1.46K	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasedAssetsGross`	$1.28K	USD	Point-in-time
Total Assets	`Assets`	$883.25K	USD	Point-in-time
Total Assets	`Assets`	$2.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Advances from related parties (note 5)	`DueToRelatedPartiesCurrent`	$482.83K	USD	Point-in-time
Advances from related parties (note 5)	`DueToRelatedPartiesCurrent`	$1.22M	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$231.02K	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$183.21K	USD	Point-in-time
Stock-based compensation accrual - current portion (note 7a)	`EmployeeRelatedLiabilitiesCurrent`	$7.39K	USD	Point-in-time
Stock-based compensation accrual - current portion (note 7a)	`EmployeeRelatedLiabilitiesCurrent`	$7.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.57M	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$22.49K	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$24.01K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.01M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.59M	USD	Point-in-time
Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Capital stock, $0.0001 par value; 100,000,000 shares authorized; 38,854,099 (2010: 38,854,099) issued and outstanding (note 8)	`CommonStockValue`	$3.88K	USD	Point-in-time
Capital stock, $0.0001 par value; 100,000,000 shares authorized; 38,854,099 (2010: 38,854,099) issued and outstanding (note 8)	`CommonStockValue`	$3.88K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.02M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.02M	USD	Point-in-time
Additional Paid-in Capital - Warrants (note 9)	`OtherAdditionalCapital`	$175.37K	USD	Point-in-time
Additional Paid-in Capital - Warrants (note 9)	`OtherAdditionalCapital`	$175.37K	USD	Point-in-time
Treasury Stock (note 10)	`TreasuryStockValue`	$27.29K	USD	Point-in-time
Treasury Stock (note 10)	`TreasuryStockValue`	$27.29K	USD	Point-in-time
Accumulated Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.89K	USD	Point-in-time
Accumulated Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$68.96K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.73M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.40M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.49M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$2.10M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$883.25K	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$7.60M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$4.09M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$7.02M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$4.47M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$6.13M	USD	2 Qtrs
Commission and agent fees	`SalesCommissionsAndFees`	$6.28M	USD	2 Qtrs
Commission and agent fees	`SalesCommissionsAndFees`	$3.94M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$3.59M	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$365.41K	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$334.38K	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$729.43K	USD	2 Qtrs
Salaries and benefits	`SalariesAndWages`	$706.00K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$373.94K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$228.05K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$707.87K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$343.93K	USD	1 Quarter
Stock based compensation (note 14 a and 14b)	`OtherCostAndExpenseOperating`	$-24.65K	USD	1 Quarter
Stock based compensation (note 14 a and 14b)	`OtherCostAndExpenseOperating`	$-9.86K	USD	2 Qtrs
Stock based compensation (note 14 a and 14b)	`OtherCostAndExpenseOperating`	$709.00	USD	1 Quarter
Stock based compensation (note 14 a and 14b)	`OtherCostAndExpenseOperating`	$1.52K	USD	2 Qtrs
Stock based compensation	`OfficersCompensation`	$-104.07K	USD	1 Quarter
Stock based compensation	`OfficersCompensation`	-	USD	2 Qtrs
Stock based compensation	`OfficersCompensation`	$-34.25K	USD	2 Qtrs
Occupancy costs	`OccupancyCosts`	$52.72K	USD	1 Quarter
Occupancy costs	`OccupancyCosts`	$112.00K	USD	2 Qtrs
Occupancy costs	`OccupancyCosts`	$34.62K	USD	1 Quarter
Occupancy costs	`OccupancyCosts`	$76.57K	USD	2 Qtrs
Depreciation expense	`DepreciationNonproduction`	$8.57K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$17.13K	USD	2 Qtrs
Depreciation expense	`DepreciationNonproduction`	$11.36K	USD	2 Qtrs
Depreciation expense	`DepreciationNonproduction`	$2.49K	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$7.35M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$4.24M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$7.75M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$4.53M	USD	1 Quarter
(Loss) from Operations	`OperatingIncomeLoss`	$-65.81K	USD	1 Quarter
(Loss) from Operations	`OperatingIncomeLoss`	$-145.99K	USD	1 Quarter
(Loss) from Operations	`OperatingIncomeLoss`	$-147.47K	USD	2 Qtrs
(Loss) from Operations	`OperatingIncomeLoss`	$-334.30K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-145.99K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-147.47K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-334.30K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-65.81K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-20.03K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$5.36K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$31.93K	USD	2 Qtrs
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-8.18K	USD	2 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-85.84K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-302.36K	USD	2 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-140.62K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-155.64K	USD	2 Qtrs
Net (loss) per share - Basic and Diluted during the period	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) per share - Basic and Diluted during the period	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net (loss) per share - Basic and Diluted during the period	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net (loss) per share - Basic and Diluted during the period	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.94M	shares	2 Qtrs
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	2 Qtrs
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.94M	shares	1 Quarter
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	1 Quarter
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.94M	shares	1 Quarter
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.94M	shares	2 Qtrs
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.85M	shares	1 Quarter
Weighted Average Number of Shares (note 12) Outstanding During the Periods -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.85M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$-145.99K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-147.47K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-334.30K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-65.81K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$8.57K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$17.13K	USD	2 Qtrs
Depreciation expense	`DepreciationNonproduction`	$11.36K	USD	2 Qtrs
Depreciation expense	`DepreciationNonproduction`	$2.49K	USD	1 Quarter
Employee stock-based compensation	`EmployeeBenefitsAndShareBasedCompensation`	-	USD	2 Qtrs
Employee stock-based compensation	`EmployeeBenefitsAndShareBasedCompensation`	$-9.86K	USD	2 Qtrs
Stock-based compensation accrual	`ShareBasedCompensation`	$1.52K	USD	2 Qtrs
Stock-based compensation accrual	`ShareBasedCompensation`	$-34.25K	USD	2 Qtrs
Referral fees held in trust	`IncreaseDecreaseInOtherCurrentAssets`	$2.83K	USD	2 Qtrs
Referral fees held in trust	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-4.54K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-14.50K	USD	2 Qtrs
Accounts payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.74K	USD	2 Qtrs
Accounts payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$796.09K	USD	2 Qtrs
Trust liability	`IncreaseDecreaseInOtherCurrentLiabilities`	$-2.83K	USD	2 Qtrs
Trust liability	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$470.14K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-130.20K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$4.80K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$416.00	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.80K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-416.00	USD	2 Qtrs
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	$-724.80K	USD	2 Qtrs
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	$104.02K	USD	2 Qtrs
(Decrease) in bank indebtedness	`RepaymentsOfBankDebt`	$36.83K	USD	2 Qtrs
(Decrease) in bank indebtedness	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Net Cash Provided (Used in) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$724.80K	USD	2 Qtrs
Net Cash Provided (Used in) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-140.85K	USD	2 Qtrs
Net(Decrease) Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.19M	USD	2 Qtrs
Net(Decrease) Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-271.46K	USD	2 Qtrs
Foreign Exchange on Balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$29.14K	USD	2 Qtrs
Foreign Exchange on Balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.11K	USD	2 Qtrs
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.73M	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$752.42K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.73M	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$752.42K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Interest paid	`InterestPaid`	$6.53K	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.