DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

4 DISCONTINUED OPERATIONS

Effective December 31, 2019, the Company sold 100% of the outstanding common stock of its subsidiary, Qpagos Corp to Vivi. The operations of Qpagos Corp and its two Mexican entities; QPagos S.A.P.I. de C.V. and Redpag Electrónicos S.A.P.I. de C.V, which represent substantially all of its assets, are reported as discontinued operations.

The statement of operations from discontinued operations is as follows:

	Three months ended
	March 31,
	2019
Net Revenue	$	1,236,202
Cost of Goods Sold		1,224,184
Gross profit		12,018
General and administrative		255,555
Depreciation and amortization and impairment costs		11,960
Total Expense		267,515
Loss from Operations		(255,497	)
Other income		7,031
Foreign currency loss		(5,221	)
Loss before taxation		(253,687	)
Taxation		-
Loss from discontinued operations, net of taxation	$	(253,687	)