DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

5 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:

	Year ended
	December 31,
	2019
Net Revenue	$	11,480,637
Cost of Goods Sold		11,525,223
Gross (loss) profit		(44,586	)
General and administrative		953,491
Depreciation and amortization and impairment costs		45,360
Total Expense		998,851
Loss from Operations		(1,043,437	)
Other income		6,648
Foreign currency gain		383,542
Loss before taxation		(653,247	)
Taxation		-
Loss from discontinued operations, net of taxation	$	(653,247	)