10-K Filing

MOPALS.COM, INC. CIK: 1222218 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001213900-16-012811`
Period End Date	20151231
Filing Date	20160427
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	pals-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Capital stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	45.80M	shares	Point-in-time
Prepaid & Other Assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$295.25K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	52.20M	shares	Point-in-time
Prepaid & Other Assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$243.96K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$387.45K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$301.33K	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	45.80M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	52.20M	shares	Point-in-time
Equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$16.77K	USD	Point-in-time
Equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$32.71K	USD	Point-in-time
Total Assets	`Assets`	$318.10K	USD	Point-in-time
Total Assets	`Assets`	$420.16K	USD	Point-in-time
Accounts Payable & Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$255.08K	USD	Point-in-time
Accounts Payable & Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$231.73K	USD	Point-in-time
Employee Tax Deductions Payable	`EmployeeRelatedLiabilitiesCurrent`	$500.14K	USD	Point-in-time
Employee Tax Deductions Payable	`EmployeeRelatedLiabilitiesCurrent`	$832.83K	USD	Point-in-time
MoCoins Liability	`CustomerLoyaltyProgramLiabilityCurrent`	$2.64K	USD	Point-in-time
MoCoins Liability	`CustomerLoyaltyProgramLiabilityCurrent`	$1.85K	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`	$1.13M	USD	Point-in-time
Loans from Shareholder (Note 6)	`LoansFromShareholder`	$1.43M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.51M	USD	Point-in-time
Commitments & Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital Stock; par value $0.0001, 100,000,000 shares authorized, 52,200,700 shares issued and outstanding on December 31, 2015 (2014 - 45,804,884) (Note 8)	`CommonStockValue`	$4.58K	USD	Point-in-time
Capital Stock; par value $0.0001, 100,000,000 shares authorized, 52,200,700 shares issued and outstanding on December 31, 2015 (2014 - 45,804,884) (Note 8)	`CommonStockValue`	$5.22K	USD	Point-in-time
Shares Subscribed (Note 9)	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Shares Subscribed (Note 9)	`CommonStockSharesSubscriptions`	$1.50M	USD	Point-in-time
Share Subscriptions Receivable (Note 9)	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Share Subscriptions Receivable (Note 9)	`StockholdersEquityNoteSubscriptionsReceivable`	$1.50M	USD	Point-in-time
Shares to be Issued (Note 8(d))	`SharesToBeIssued`	-	USD	Point-in-time
Shares to be Issued (Note 8(d))	`SharesToBeIssued`	$300.00	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$2.38M	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$3.47M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.15M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.00M	USD	Point-in-time
Foreign Currency Translation	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$480.20K	USD	Point-in-time
Foreign Currency Translation	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$139.69K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-210.44K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.19M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.48M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$318.10K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$420.16K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Salaries, Consultants & Contractors	`SalariesConsultantsAndContractors`	$1.36M	USD	Annual
Salaries, Consultants & Contractors	`SalariesConsultantsAndContractors`	$1.20M	USD	Annual
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$386.81K	USD	Annual
General & Administrative Expenses	`GeneralAndAdministrativeExpense`	$367.61K	USD	Annual
Occupancy Costs	`OccupancyCosts`	$132.13K	USD	Annual
Occupancy Costs	`OccupancyCosts`	$141.02K	USD	Annual
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$418.83K	USD	Annual
Share Based Compensation (Note 10)	`ShareBasedCompensation`	$414.88K	USD	Annual
Depreciation	`Depreciation`	$15.73K	USD	Annual
Depreciation	`Depreciation`	$10.35K	USD	Annual
Total Operating Expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.29M	USD	Annual
Total Operating Expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.15M	USD	Annual
Loss from Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.15M	USD	Annual
Loss from Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.29M	USD	Annual
Other Income	`OtherIncome`	-	USD	Annual
Other Income	`OtherIncome`	$149.98K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.14M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.15M	USD	Annual
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$340.50K	USD	Annual
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$85.63K	USD	Annual
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$340.50K	USD	Annual
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$85.63K	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.06M	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.81M	USD	Annual
Net (Loss) from operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.04	USD	Annual
Net (Loss) from operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.05	USD	Annual
Net (Loss) per common share	`EarningsPerShareBasic`	$-0.05	USD	Annual
Net (Loss) per common share	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net (Loss) from operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.05	USD	Annual
Net (Loss) from operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.04	USD	Annual
Net (Loss) per common share	`EarningsPerShareDiluted`	$-0.05	USD	Annual
Net (Loss) per common share	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Weighted Average Number of Shares Outstanding - Basic During the Year	`WeightedAverageNumberOfSharesOutstandingBasic`	47.73M	shares	Annual
Weighted Average Number of Shares Outstanding - Basic During the Year	`WeightedAverageNumberOfSharesOutstandingBasic`	45.68M	shares	Annual
Weighted Average Number of Shares Outstanding - Diluted During the Year	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.68M	shares	Annual
Weighted Average Number of Shares Outstanding - Diluted During the Year	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.73M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-2.14M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-2.15M	USD	Annual
Depreciation	`Depreciation`	$15.73K	USD	Annual
Depreciation	`Depreciation`	$10.35K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$418.83K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$414.88K	USD	Annual
(Increase) in Prepaid & Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$74.13K	USD	Annual
(Increase) in Prepaid & Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.17K	USD	Annual
Increase in MoCoins liability	`IncreaseInMocoinsLiability`	$1.71K	USD	Annual
Increase in MoCoins liability	`IncreaseInMocoinsLiability`	$1.41K	USD	Annual
Increase in Accounts Payable & Accrued Liabilities and employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$461.30K	USD	Annual
Increase in Accounts Payable & Accrued Liabilities and employee tax deductions payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$574.09K	USD	Annual
Net Cash Flows used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	Annual
Net Cash Flows used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.33M	USD	Annual
Shares Issued	`ProceedsFromIssuanceOrSaleOfEquity`	$201.00	USD	Annual
Shares Issued	`ProceedsFromIssuanceOrSaleOfEquity`	$10.00	USD	Annual
Shares to be issued	`CommonStockShareToBeIssuedForSubscriptionPayable`	$100.00	USD	Annual
Shares to be issued	`CommonStockShareToBeIssuedForSubscriptionPayable`	-	USD	Annual
Additional Paid In Capital	`ProceedsFromAdditionalPaidInCapital`	$249.72K	USD	Annual
Additional Paid In Capital	`ProceedsFromAdditionalPaidInCapital`	$452.97K	USD	Annual
Increase in Shareholders' Loan	`IncreaseInShareholdersLoan`	$526.93K	USD	Annual
Increase in Shareholders' Loan	`IncreaseInShareholdersLoan`	$473.04K	USD	Annual
Net Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$980.10K	USD	Annual
Net Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$722.86K	USD	Annual
Purchases of Equipment	`PaymentsToAcquireProductiveAssets`	$3.88K	USD	Annual
Purchases of Equipment	`PaymentsToAcquireProductiveAssets`	$1.77K	USD	Annual
Sale of Equipment	`PaymentsOfSaleOfEquipment`	$381.00	USD	Annual
Sale of Equipment	`PaymentsOfSaleOfEquipment`	-	USD	Annual
Net Cash Flows used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.39K	USD	Annual
Net Cash Flows used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.88K	USD	Annual
Net Cash Flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-353.98K	USD	Annual
Net Cash Flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-383.14K	USD	Annual
Effects of Exchange Rate on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$88.97K	USD	Annual
Effects of Exchange Rate on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$216.57K	USD	Annual
Cash and Cash Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash and Cash Equivalents - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$437.65K	USD	Point-in-time
Cash and Cash Equivalents - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$143.48K	USD	Point-in-time
Cash and Cash Equivalents - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Interest Paid	`InterestPaid`	-	USD	Annual
Interest Paid	`InterestPaid`	-	USD	Annual
Income Taxes Paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income Taxes Paid	`IncomeTaxesPaidNet`	-	USD	Annual
Shares issued for rent deposit	`SharesIssuedForRentDepositNonCashActivity`	$62.50K	USD	Annual
Shares issued for rent deposit	`SharesIssuedForRentDepositNonCashActivity`	-	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-210.44K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-2.19M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.48M	USD	Point-in-time
Shares subscribed (Note 8)	`CommonStockValueOfSharesSubscribed`	$351.17K	USD	Annual
Shares subscribed (Note 8)	`CommonStockValueOfSharesSubscribed`	$26.48K	USD	Annual
Stock options exercised (Note 8)	`StockIssuedDuringPeriodValueStockOptionsExercised`	$180.00K	USD	Annual
Shares to be issued (Note 8)	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Shares to be issued (Note 8)	`StockIssuedDuringPeriodValueOther`	$223.35K	USD	Annual
Shares granted to employee (Note 10)	`SharesGrantedToEmployees`	$7.81K	USD	Annual
Shares granted to employee (Note 10)	`SharesGrantedToEmployees`	$75.98K	USD	Annual
Options forfeited (Note 10)	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	$-54.75K	USD	Annual
Shares granted to employees, consultants and directors (Note 10)	`SharesGrantedToEmployeesConsultantsAndDirectors`	$347.25K	USD	Annual
Write off of shares subscription receivable (Note 9)	`WriteOffOfSharesSubscriptionReceivable`	-	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$85.63K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$340.50K	USD	Annual
Issuance of shares to landlord (Note 8)	`StockIssuedDuringPeriodValueToLandlord`	$62.50K	USD	Annual
Issuance of stock options (Note 10)	`IssuanceOfStockOptions`	$470.92K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.14M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.15M	USD	Annual
Ending Balance	`StockholdersEquity`	$-210.44K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-2.19M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.48M	USD	Point-in-time

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