10-Q Filing

MOPALS.COM, INC. CIK: 1222218 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001213900-12-002849`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mbkr-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 36

Balance Sheet 58 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
Cash	`Cash`	$530.38K	USD	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$909.49K	USD	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.01K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.08K	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
Total Current Assets	`AssetsCurrent`	$935.50K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.29M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$538.45K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.29M	shares	Point-in-time
Equipment, net (note 3)	`MachineryAndEquipmentGross`	$62.91K	USD	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.29M	shares	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.29M	shares	Point-in-time
Equipment, net (note 3)	`MachineryAndEquipmentGross`	$41.82K	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasedAssetsGross`	$1.04K	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasedAssetsGross`	$365.00	USD	Point-in-time
Total Assets	`Assets`	$999.45K	USD	Point-in-time
Total Assets	`Assets`	$580.64K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$694.20K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Advances from related parties (note 5)	`DueToRelatedPartiesCurrent`	$2.41M	USD	Point-in-time
Advances from related parties (note 5)	`DueToRelatedPartiesCurrent`	$2.77M	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$114.09K	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`	$4.11K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.58M	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$13.90K	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`	$3.60M	USD	Point-in-time
Commitments and Contingencies (notes 1 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (notes 1 and 11)	`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 (2011: 1,294,993) 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 (2011: 1,294,993) issued and outstanding (note 8)	`CommonStockValue`	$129.00	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.20M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$6.20M	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	$27.29K	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	$27.29K	USD	Point-in-time
Accumulated Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$112.92K	USD	Point-in-time
Accumulated Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$152.44K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.96M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-9.30M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.64M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.01M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$999.45K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$580.64K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$1.89M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$2.93M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$2.54M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$1.66M	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$364.02K	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$401.95K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.89K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$99.25K	USD	1 Quarter
Stock-based compensation (note 7b)	`OfficersCompensation`	$816.00	USD	1 Quarter
Stock-based compensation (note 7b)	`OfficersCompensation`	$26.00	USD	1 Quarter
Occupancy costs (note 15)	`OccupancyCosts`	$40.04K	USD	1 Quarter
Occupancy costs (note 15)	`OccupancyCosts`	$59.28K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.87K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$22.99K	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$2.22M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$3.12M	USD	1 Quarter
(Loss) from Operations and Before Income Taxes	`OperatingIncomeLoss`	$-188.31K	USD	1 Quarter
(Loss) from Operations and Before Income Taxes	`OperatingIncomeLoss`	$-334.90K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-188.31K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-334.90K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.52K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$26.57K	USD	1 Quarter
Total Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-374.43K	USD	1 Quarter
Total Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-161.74K	USD	1 Quarter
Net (Loss) per Share Basic (note 10)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Net (Loss) per Share Basic (note 10)	`EarningsPerShareBasic`	$-0.26	USD	1 Quarter
Net (Loss) per Share - Diluted (note 10)	`EarningsPerShareDiluted`	$-0.26	USD	1 Quarter
Net (Loss) per Share - Diluted (note 10)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Weighted Average Number of Shares Outstanding - Basic During the Period	`WeightedAverageNumberOfSharesOutstandingBasic`	1.29M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Basic During the Period	`WeightedAverageNumberOfSharesOutstandingBasic`	1.30M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Diluted During the Period	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.29M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Diluted During the Period	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.30M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$-188.31K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-334.90K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.87K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$22.99K	USD	1 Quarter
Stock-based compensation accrual	`ShareBasedCompensation`	$816.00	USD	1 Quarter
Stock-based compensation accrual	`ShareBasedCompensation`	$26.00	USD	1 Quarter
Accounts payable and Employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-403.65K	USD	1 Quarter
Accounts payable and Employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-221.30K	USD	1 Quarter
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$-17.94K	USD	1 Quarter
Prepaids	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Net Cash provided by (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-697.61K	USD	1 Quarter
Net Cash provided by (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-399.92K	USD	1 Quarter
(Purchase) of equipment, net	`PaymentsToAcquireMachineryAndEquipment`	-	USD	1 Quarter
(Purchase) of equipment, net	`PaymentsToAcquireMachineryAndEquipment`	$4.71K	USD	1 Quarter
Net Cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.71K	USD	1 Quarter
Net Cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$413.57K	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$359.24K	USD	1 Quarter
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$413.57K	USD	1 Quarter
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$359.24K	USD	1 Quarter
Net (decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.94K	USD	1 Quarter
Net (decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-338.37K	USD	1 Quarter
Effect of exchange rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-40.74K	USD	1 Quarter
Effect of exchange rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$19.40K	USD	1 Quarter
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$752.42K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$530.38K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$780.76K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$752.42K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$530.38K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$780.76K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$1.28K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

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