10-K Filing

MOPALS.COM, INC. CIK: 1222218 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001213900-12-001872`
Period End Date	20111231
Filing Date	20120416
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	mbkr-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 43 Stockholders Equity 25

Balance Sheet 61 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
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$752.42K	USD	Point-in-time
Cash	`Cash`	$909.49K	USD	Point-in-time
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.01K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.30M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$43.77K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.29M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$796.19K	USD	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.29M	shares	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.30M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$935.50K	USD	Point-in-time
Equipment, net (note 3)	`MachineryAndEquipmentGross`	$62.91K	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`	$1.04K	USD	Point-in-time
Total Assets	`Assets`	$883.25K	USD	Point-in-time
Total Assets	`Assets`	$999.45K	USD	Point-in-time
Accounts payable and accrued liabilities (note 15)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Accounts payable and accrued liabilities (note 15)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Advances from related party (note 5)	`DueToRelatedPartiesCurrent`	$2.41M	USD	Point-in-time
Advances from related party (note 5)	`DueToRelatedPartiesCurrent`	$482.83K	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$231.02K	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$144.59K	USD	Point-in-time
Stock-based compensation accrual - current portion (note 7a)	`EmployeeRelatedLiabilitiesCurrent`	$4.11K	USD	Point-in-time
Stock-based compensation accrual - current portion (note 7a)	`EmployeeRelatedLiabilitiesCurrent`	$7.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$22.49K	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$13.87K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.64M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.01M	USD	Point-in-time
Commitments and Contingencies (notes 1 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (notes 1 and 14)	`CommitmentsAndContingencies`	-	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; 1,294,993 (2010-1,295,136) issued and outstanding (note 8)	`CommonStockValue`	$129.00	USD	Point-in-time
Capital stock, $0.0001 par value; 100,000,000 shares authorized; 1,294,993 (2010-1,295,136) issued and outstanding (note 8)	`CommonStockValue`	$129.00	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.02M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.20M	USD	Point-in-time
Additional Paid-in Capital - Warrants (note 9)	`OtherAdditionalCapital`	-	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`	$152.44K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.40M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.96M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-588.88K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.64M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$883.25K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$999.45K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$13.50M	USD	Annual
Revenue	`SalesRevenueNet`	$14.29M	USD	Annual
Commission and agent fees	`SalesCommissionsAndFees`	$12.27M	USD	Annual
Commission and agent fees	`SalesCommissionsAndFees`	$11.87M	USD	Annual
Salaries and benefits (note 15)	`SalariesAndWages`	$1.30M	USD	Annual
Salaries and benefits (note 15)	`SalariesAndWages`	$2.34M	USD	Annual
General and administrative expenses (note 15)	`GeneralAndAdministrativeExpense`	$1.09M	USD	Annual
General and administrative expenses (note 15)	`GeneralAndAdministrativeExpense`	$624.55K	USD	Annual
Employee stock-based compensation	`OtherLaborRelatedExpenses`	-	USD	Annual
Employee stock-based compensation	`OtherLaborRelatedExpenses`	$-1.65K	USD	Annual
Stock-based compensation (note 7a)	`OtherCostAndExpenseOperating`	$-12.32K	USD	Annual
Stock-based compensation (note 7a)	`OtherCostAndExpenseOperating`	$-11.90K	USD	Annual
Stock-based compensation (note 7b)	`OfficersCompensation`	$-54.34K	USD	Annual
Stock-based compensation (note 7b)	`OfficersCompensation`	-	USD	Annual
Occupancy costs (note 15)	`OccupancyCosts`	$151.27K	USD	Annual
Occupancy costs (note 15)	`OccupancyCosts`	$224.53K	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$22.19K	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$35.35K	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$15.06M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$14.78M	USD	Annual
(Loss) before Income Taxes	`OperatingIncomeLoss`	$-494.01K	USD	Annual
(Loss) before Income Taxes	`OperatingIncomeLoss`	$-1.57M	USD	Annual
Provision for income taxes (note 11)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes (note 11)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (Loss)	`ProfitLoss`	$-494.01K	USD	Annual
Net (Loss)	`ProfitLoss`	$-1.57M	USD	Annual
Foreign Currency Translation Adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-41.71K	USD	Annual
Foreign Currency Translation Adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$51.55K	USD	Annual
Total Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.51M	USD	Annual
Total Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-535.72K	USD	Annual
Net (Loss) per Share Basic (note 12)	`EarningsPerShareBasic`	$-0.35	USD	Annual
Net (Loss) per Share Basic (note 12)	`EarningsPerShareBasic`	$-1.21	USD	Annual
Net (Loss) per Share - Diluted (note 12)	`EarningsPerShareDiluted`	$-0.35	USD	Annual
Net (Loss) per Share - Diluted (note 12)	`EarningsPerShareDiluted`	$-1.21	USD	Annual
Weighted Average Number of Shares Outstanding - Basic During the Year	`WeightedAverageNumberOfSharesOutstandingBasic`	1.30M	shares	Annual
Weighted Average Number of Shares Outstanding - Basic During the Year	`WeightedAverageNumberOfSharesOutstandingBasic`	1.41M	shares	Annual
Weighted Average Number of Shares Outstanding - Diluted During the Year	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.30M	shares	Annual
Weighted Average Number of Shares Outstanding - Diluted During the Year	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.41M	shares	Annual

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$-494.01K	USD	Annual
Net (Loss)	`ProfitLoss`	$-1.57M	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$22.19K	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$35.35K	USD	Annual
Employee stock-based compensation	`EmployeeBenefitsAndShareBasedCompensation`	$-1.65K	USD	Annual
Stock-based compensation accrual	`ShareBasedCompensation`	$-11.90K	USD	Annual
Stock-based compensation accrual	`ShareBasedCompensation`	$-66.67K	USD	Annual
Referral fees held in trust	`IncreaseDecreaseInOtherCurrentAssets`	$-2.82K	USD	Annual
Referral fees held in trust	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$17.34K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.55K	USD	Annual
Accounts payable and accrued liabilities and Employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-812.90K	USD	Annual
Accounts payable and accrued liabilities and Employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-259.41K	USD	Annual
Trust liability	`IncreaseDecreaseInOtherCurrentLiabilities`	$2.82K	USD	Annual
Trust liability	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Net Cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	Annual
Net Cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.80M	USD	Annual
(Purchase) of equipment	`PaymentsToAcquireMachineryAndEquipment`	$4.70K	USD	Annual
(Purchase) of equipment	`PaymentsToAcquireMachineryAndEquipment`	$7.92K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.92K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfOtherEquity`	-	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfOtherEquity`	$2.05K	USD	Annual
Advances from related party	`ProceedsFromRelatedPartyDebt`	$109.30K	USD	Annual
Advances from related party	`ProceedsFromRelatedPartyDebt`	$1.98M	USD	Annual
(Decrease) in bank indebtedness	`RepaymentsOfBankDebt`	-	USD	Annual
(Decrease) in bank indebtedness	`RepaymentsOfBankDebt`	$66.37K	USD	Annual
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.98M	USD	Annual
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$40.88K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$173.91K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.33M	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$10.16K	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.93K	USD	Annual
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$725.42K	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$725.42K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-588.88K	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.64M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
January 1, 2010- cancellation of stock	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	Annual
January 1, 2010- cancellation of stock (Shares)	`StockRedeemedOrCalledDuringPeriodShares`	0.00	shares	Annual
January 21, 2010- purchase of treasury shares (note 10)	`TreasuryStockValueAcquiredCostMethod`	$-2.05K	USD	Annual
July 9, 2010- expiration of warrants(note 9)	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	-	USD	Annual
July 9, 2011 expiration of warrants(note 9)	`July92011ExpirationOfWarrants`	-	USD	Annual
November 9, 2010- cancellation of shares(note 8)	`November92010CancellationOfSharesValue`	-	USD	Annual
November 9, 2010- cancellation of shares(note 8) (Shares)	`November92010CancellationOfSharesShares`	0.00	shares	Annual
December 8, 2011- cancellation of shares (Note 13)	`December82011CancellationOfSharesValue`	-	USD	Annual
December 8, 2011- cancellation of shares (Note 13) (Shares)	`December82011CancellationOfSharesShares`	0.00	shares	Annual
Foreign Currency Translation Adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-41.71K	USD	Annual
Foreign Currency Translation Adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$51.55K	USD	Annual
Net (Loss)	`ProfitLoss`	$-494.01K	USD	Annual
Net (Loss)	`ProfitLoss`	$-1.57M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-588.88K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.64M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (Shares)	`SharesOutstanding`	0.00	shares	Point-in-time

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