10-Q Filing

MOPALS.COM, INC. CIK: 1222218 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-006342`
Period End Date	20150630
Filing Date	20150819
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	pals-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.86K	USD	Point-in-time
Prepaid & Other Assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$257.17K	USD	Point-in-time
Prepaid & Other Assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$243.96K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$313.03K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$387.45K	USD	Point-in-time
Equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$25.61K	USD	Point-in-time
Equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$32.71K	USD	Point-in-time
Total Assets	`Assets`	$420.16K	USD	Point-in-time
Total Assets	`Assets`	$338.64K	USD	Point-in-time
Accounts Payable & Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$274.64K	USD	Point-in-time
Accounts Payable & Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$255.08K	USD	Point-in-time
Employee Tax Deductions Payable	`EmployeeRelatedLiabilitiesCurrent`	$500.14K	USD	Point-in-time
Employee Tax Deductions Payable	`EmployeeRelatedLiabilitiesCurrent`	$603.57K	USD	Point-in-time
MoCoins Liability	`CustomerLoyaltyProgramLiabilityCurrent`	$1.85K	USD	Point-in-time
MoCoins Liability	`CustomerLoyaltyProgramLiabilityCurrent`	$4.32K	USD	Point-in-time
Share Based Accrual	`SharedBasedAccrual`	$14.92K	USD	Point-in-time
Share Based Accrual	`SharedBasedAccrual`	$14.92K	USD	Point-in-time
Loans from Shareholder (Note 6)	`LoansFromShareholder`	$1.41M	USD	Point-in-time
Loans from Shareholder (Note 6)	`LoansFromShareholder`	$1.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.90M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.31M	USD	Point-in-time
Commitments and Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital Stock; par value $0.0001 (Note 8)	`CommonStockValue`	$4.58K	USD	Point-in-time
Capital Stock; par value $0.0001 (Note 8)	`CommonStockValue`	$4.58K	USD	Point-in-time
Shares Subscribed (Note 9)	`CommonStockSharesSubscriptions`	$1.50M	USD	Point-in-time
Shares Subscribed (Note 9)	`CommonStockSharesSubscriptions`	$1.50M	USD	Point-in-time
Share Subscriptions Receivable (Note 9)	`StockholdersEquityNoteSubscriptionsReceivable`	$1.50M	USD	Point-in-time
Share Subscriptions Receivable (Note 9)	`StockholdersEquityNoteSubscriptionsReceivable`	$1.50M	USD	Point-in-time
Shares to be Issued (Note 8)	`SharesToBeIssued`	$300.00	USD	Point-in-time
Shares to be Issued (Note 8)	`SharesToBeIssued`	$370.00	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$2.54M	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$2.38M	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-4.77M	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-4.00M	USD	Point-in-time
Foreign Currency Translation	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$139.69K	USD	Point-in-time
Foreign Currency Translation	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$252.57K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.48M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$338.64K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$420.16K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Consultants & Contractors	`ConsultantsAndContractors`	$541.61K	USD	2 Qtrs
Consultants & Contractors	`ConsultantsAndContractors`	$473.45K	USD	2 Qtrs
Consultants & Contractors	`ConsultantsAndContractors`	$250.19K	USD	1 Quarter
Consultants & Contractors	`ConsultantsAndContractors`	$250.31K	USD	1 Quarter
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$187.17K	USD	2 Qtrs
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$83.17K	USD	1 Quarter
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$76.67K	USD	1 Quarter
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$193.62K	USD	2 Qtrs
Occupancy Costs	`OccupancyCosts`	$35.25K	USD	1 Quarter
Occupancy Costs	`OccupancyCosts`	$68.61K	USD	2 Qtrs
Occupancy Costs	`OccupancyCosts`	$100.27K	USD	2 Qtrs
Occupancy Costs	`OccupancyCosts`	$41.56K	USD	1 Quarter
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$-141.24K	USD	1 Quarter
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$237.47K	USD	2 Qtrs
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$118.73K	USD	1 Quarter
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$-42.31K	USD	2 Qtrs
Depreciation	`Depreciation`	$8.30K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.07K	USD	1 Quarter
Depreciation	`Depreciation`	$7.95K	USD	2 Qtrs
Depreciation	`Depreciation`	$4.13K	USD	1 Quarter
Total Operating Expense & Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-492.35K	USD	1 Quarter
Total Operating Expense & Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-231.49K	USD	1 Quarter
Total Operating Expense & Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-769.48K	USD	2 Qtrs
Total Operating Expense & Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.01M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss from Operations	`NetIncomeLoss`	$-769.48K	USD	2 Qtrs
Net loss from Operations	`NetIncomeLoss`	$-492.35K	USD	1 Quarter
Net loss from Operations	`NetIncomeLoss`	$-231.49K	USD	1 Quarter
Net loss from Operations	`NetIncomeLoss`	$-1.01M	USD	2 Qtrs
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$31.16K	USD	2 Qtrs
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-22.22K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$32.85K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$112.88K	USD	2 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$32.85K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$112.88K	USD	2 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-22.22K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$31.16K	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-656.60K	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-459.50K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-253.71K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-975.50K	USD	2 Qtrs
Net (Loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net (Loss) per common share	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Net (Loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net (Loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Weighted Average Number of Shares Outstanding - Basic and Diluted During the Period	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.74M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Basic and Diluted During the Period	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.80M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding - Basic and Diluted During the Period	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.80M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Basic and Diluted During the Period	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.74M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-769.48K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-492.35K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-231.49K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-1.01M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.30K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.07K	USD	1 Quarter
Depreciation	`Depreciation`	$7.95K	USD	2 Qtrs
Depreciation	`Depreciation`	$4.13K	USD	1 Quarter
Stock-based compensation expense (recovery)	`ShareBasedCompensation`	$-141.24K	USD	1 Quarter
Stock-based compensation expense (recovery)	`ShareBasedCompensation`	$237.47K	USD	2 Qtrs
Stock-based compensation expense (recovery)	`ShareBasedCompensation`	$118.73K	USD	1 Quarter
Stock-based compensation expense (recovery)	`ShareBasedCompensation`	$-42.31K	USD	2 Qtrs
Increase in Prepaids & Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.20K	USD	2 Qtrs
Increase in Prepaids & Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.54K	USD	2 Qtrs
Bank Overdraft	`IncreaseDecreaseInBankOverdraft`	-	USD	2 Qtrs
Bank Overdraft	`IncreaseDecreaseInBankOverdraft`	$31.15K	USD	2 Qtrs
Increase in MoCoins liability	`IncreaseInMocoinsLiability`	$2.46K	USD	2 Qtrs
Increase in MoCoins liability	`IncreaseInMocoinsLiability`	$17.33K	USD	2 Qtrs
Increase in Accounts Payable & Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$75.12K	USD	2 Qtrs
Increase in Accounts Payable & Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$200.99K	USD	2 Qtrs
Net Cash Flows used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-678.84K	USD	2 Qtrs
Net Cash Flows used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-613.59K	USD	2 Qtrs
Shares Issued	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Shares Issued	`ProceedsFromIssuanceOrSaleOfEquity`	$25.00	USD	2 Qtrs
Shares To Be Issued	`SharesToBeIssue`	$20.00	USD	2 Qtrs
Shares To Be Issued	`SharesToBeIssue`	$70.00	USD	2 Qtrs
Additional Paid In Capital	`ProceedsFromAdditionalPaidInCapital`	$45.44K	USD	2 Qtrs
Additional Paid In Capital	`ProceedsFromAdditionalPaidInCapital`	$126.40K	USD	2 Qtrs
Increase in Shareholders' Loan	`IncreaseInShareholdersLoan`	$254.35K	USD	2 Qtrs
Increase in Shareholders' Loan	`IncreaseInShareholdersLoan`	$166.22K	USD	2 Qtrs
Net Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$211.70K	USD	2 Qtrs
Net Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$380.81K	USD	2 Qtrs
Purchases of Capital Equipment	`PaymentsToAcquireProductiveAssets`	$3.07K	USD	2 Qtrs
Purchases of Capital Equipment	`PaymentsToAcquireProductiveAssets`	$14.94K	USD	2 Qtrs
Net Cash Flows used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.94K	USD	2 Qtrs
Net Cash Flows used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.07K	USD	2 Qtrs
Net Cash Flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-235.84K	USD	2 Qtrs
Net Cash Flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-482.08K	USD	2 Qtrs
Effects of Exchange Rate on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$44.43K	USD	2 Qtrs
Effects of Exchange Rate on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$148.22K	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.86K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.86K	USD	Point-in-time
Interest Paid	`InterestPaid`	-	USD	2 Qtrs
Interest Paid	`InterestPaid`	-	USD	2 Qtrs
Income Taxes Paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income Taxes Paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-1.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Shares to be issued (Note 8)	`StockIssuedDuringPeriodValueOther`	$204.47K	USD	2 Qtrs
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$12.43K	USD	2 Qtrs
Options forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-54.75K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$112.88K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-769.48K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-492.35K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-231.49K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.01M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$-1.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.97M	USD	Point-in-time

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