Note 3 - Discontinued Operations - Quepasa Games

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 3 —Discontinued Operations – Quepasa Games

The games development business of our Brazilian subsidiary, Quepasa Games, were discontinued on June 30, 2012 in order to streamline efforts to improve efficiencies, reduce costs and focus on the Company’s core social network business. In connection with this closure, the Company transferred the hosting responsibilities of its games Wonderful City Rio and Amazon Alive to third parties, Quepasa Games office in Curitiba, Brazil was closed and all Quepasa Games employees were terminated. The games business closure qualifies as a discontinued operation and accordingly the Company has excluded results for Quepasa Games operations from its continuing operations in the Consolidated Statement of Operations for all periods presented.

The following table shows the results of Quepasa Games included in the loss from discontinued operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Games Revenues	$	-	$	-	$	-	$	840,190
Games Expenses		-		-		-		1,032,366
Product development and content		-		-		-		552,563
Depreciation and amortization		-		-		-		16,102
Exit costs		-		-		-		431,418
Loss on disposable of assets		-		-		-		48,084
Stock-based compensation		-		-		-		151,508
Loss on impairment of goodwill		-		-		-		2,288,776
Total		-		-		-		4,520,817
Loss from discontinued operations attributable to Quepasa Games	$	-	$	-	$	-	$	(3,680,627	)