XML 40 R27.htm IDEA: XBRL DOCUMENT v3.21.1
PROFIT ON DISPOSAL OF SUBSIDIARIES (Tables)
12 Months Ended
Dec. 31, 2020
Profit on Disposal of Subsidiaries [Abstract]  
Schedule of business operation
   

Year ended

December 31,
2019

 
Proceeds on disposal        
Shares in Vivi Holdings, Inc.   $ 1,120,836  
Promissory note from Qpagos Corporation     130,000  
Kiosks to be transferred to Innovative Payment Solutions     50,000  
Gross proceeds     1,300,836  
         
Vivi Holdings, Inc. shares distributed as deal related fees     (100,875 )
Deal related expenses     (28,328 )
Net proceeds   $ 1,171,633  
         
Assets disposed of:        
Cash   $ 59,551  
Inventory     150,117  
Accounts receivable     10,863  
Recoverable IVA and tax credits     170,981  
Other current assets     186,093  
Intangible assets     39,417  
Plant and equipment     178,778  
Other non-current assets     12,849  
      808,649  
Liabilities assumed by purchaser        
Accounts payable and other payables     (355,652 )
Notes payable     (43,000 )
IVA and other taxes payable     (14,923 )
Advances from customers     (195,344 )
Net     (608,919 )
Net assets sold   $ 199,730  
Net profit realized on disposal   $ 971,903