10-Q Filing

MOPALS.COM, INC. CIK: 1222218 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001213900-12-004797`
Period End Date	20120630
Filing Date	20120820
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	mbkr-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 57 Cash Flow Statement 40

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`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$909.49K	USD	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$456.73K	USD	Point-in-time
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.01K	USD	Point-in-time
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.84K	USD	Point-in-time
Capital stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.29M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$935.50K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$509.57K	USD	Point-in-time
Capital stock, shares outstanding	`CommonStockSharesOutstanding`	1.29M	shares	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.29M	shares	Point-in-time
Equipment, net (note 3)	`PropertyPlantAndEquipmentNet`	$53.84K	USD	Point-in-time
Capital stock, shares issued	`CommonStockSharesIssued`	1.29M	shares	Point-in-time
Equipment, net (note 3)	`PropertyPlantAndEquipmentNet`	$62.91K	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$895.00	USD	Point-in-time
Equipment Under Capital Leases (note 4)	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$1.04K	USD	Point-in-time
Total Assets	`Assets`	$999.45K	USD	Point-in-time
Total Assets	`Assets`	$564.30K	USD	Point-in-time
Accounts payable and accrued liabilities (note 9)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Accounts payable and accrued liabilities (note 9)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$535.93K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$3.32M	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$2.41M	USD	Point-in-time
Employee tax deductions payable (note 6)	`AccruedPayrollTaxesCurrent`	$73.46K	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`	$3.29K	USD	Point-in-time
Stock-based compensation accrual - current portion (note 7a)	`EmployeeRelatedLiabilitiesCurrent`	$4.11K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.93M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.63M	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$11.14K	USD	Point-in-time
Stock-based Compensation Accrual (note 7b)	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$13.87K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.64M	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 sharesauthorized; 1,294,993 (2011: 1,294,993) issued andoutstanding (note 8)	`CommonStockValue`	$129.00	USD	Point-in-time
Capital stock, $0.0001 par value; 100,000,000 sharesauthorized; 1,294,993 (2011: 1,294,993) issued andoutstanding (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`	$152.44K	USD	Point-in-time
Accumulated Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$161.51K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-9.71M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.96M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.64M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.38M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$564.30K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$999.45K	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues (note 9)	`SalesRevenueNet`	$3.20M	USD	2 Qtrs
Revenues (note 9)	`SalesRevenueNet`	$4.09M	USD	1 Quarter
Revenues (note 9)	`SalesRevenueNet`	$7.02M	USD	2 Qtrs
Revenues (note 9)	`SalesRevenueNet`	$1.31M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$2.84M	USD	2 Qtrs
Commission and agent fees	`SalesCommissionsAndFees`	$6.13M	USD	2 Qtrs
Commission and agent fees	`SalesCommissionsAndFees`	$3.59M	USD	1 Quarter
Commission and agent fees	`SalesCommissionsAndFees`	$1.19M	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$423.48K	USD	1 Quarter
Salaries and benefits	`SalariesAndWages`	$729.43K	USD	2 Qtrs
Salaries and benefits	`SalariesAndWages`	$825.43K	USD	2 Qtrs
Salaries and benefits	`SalariesAndWages`	$365.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$93.64K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$192.89K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$228.05K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$373.94K	USD	2 Qtrs
Stock-based compensation (note 7a and 7b)	`OfficersCompensation`	$1.52K	USD	2 Qtrs
Stock-based compensation (note 7a and 7b)	`OfficersCompensation`	$-3.58K	USD	1 Quarter
Stock-based compensation (note 7a and 7b)	`OfficersCompensation`	$-3.56K	USD	2 Qtrs
Stock-based compensation (note 7a and 7b)	`OfficersCompensation`	$709.00	USD	1 Quarter
Occupancy costs (note 9)	`OccupancyCosts`	$52.72K	USD	1 Quarter
Occupancy costs (note 9)	`OccupancyCosts`	$112.00K	USD	2 Qtrs
Occupancy costs (note 9)	`OccupancyCosts`	$38.49K	USD	1 Quarter
Occupancy costs (note 9)	`OccupancyCosts`	$78.53K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$2.49K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$9.23K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$-13.75K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$11.36K	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$7.35M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$4.24M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$1.73M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$3.95M	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-745.56K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-410.66K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-334.30K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-145.99K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$31.93K	USD	2 Qtrs
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$48.59K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.07K	USD	2 Qtrs
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$5.36K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-362.07K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-140.62K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-736.49K	USD	2 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-302.36K	USD	2 Qtrs
Net (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	2 Qtrs
Net (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	1 Quarter
Net (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.58	USD	2 Qtrs
Net (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.30M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.30M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.29M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.29M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
(Loss) from Operations and Before Income Taxes	`ProfitLoss`	$-745.56K	USD	2 Qtrs
(Loss) from Operations and Before Income Taxes	`ProfitLoss`	$-410.66K	USD	1 Quarter
(Loss) from Operations and Before Income Taxes	`ProfitLoss`	$-334.30K	USD	2 Qtrs
(Loss) from Operations and Before Income Taxes	`ProfitLoss`	$-145.99K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$2.49K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$9.23K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$-13.75K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$11.36K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-3.56K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.52K	USD	2 Qtrs
Accounts payable and accrued liabilities and employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$796.09K	USD	2 Qtrs
Accounts payable and accrued liabilities and employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-606.05K	USD	2 Qtrs
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$27.10K	USD	2 Qtrs
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$4.54K	USD	2 Qtrs
Net Cash (used in) provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.37M	USD	2 Qtrs
Net Cash (used in) provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$470.14K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$4.80K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	2 Qtrs
Net Cash (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.80K	USD	2 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$917.85K	USD	2 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$724.80K	USD	2 Qtrs
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$724.80K	USD	2 Qtrs
Net Cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$917.85K	USD	2 Qtrs
Net (decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-455.19K	USD	2 Qtrs
Net (decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.19M	USD	2 Qtrs
Effect of exchange rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.43K	USD	2 Qtrs
Effect of exchange rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$29.14K	USD	2 Qtrs
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$456.73K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	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 - End of period	`CashAndCashEquivalentsAtCarryingValue`	$456.73K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$909.49K	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
Interest paid	`InterestPaid`	-	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.