XML 65 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)
 3 Months Ended 7 Months Ended 12 Months Ended
Feb. 16, 2016
May 18, 2015
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
May 12, 2016
Aug. 31, 2015
Dec. 31, 2013
Common stock, authorized     100,000,000   100,000,000 100,000,000        
Common stock par value (in dollars per share)     $ 0.0001   $ 0.0001 $ 0.0001        
Common stock, issued     54,954,000   49,809,000 49,809,000        
Common stock, outstanding     54,954,000   49,809,000 49,809,000        
Share based expenses     $ 108,000            
Preferred stock, authorized     25,000,000              
Preferred stock par value (in dollars per share)     $ 0.0001              
Preferred stock, issued     0              
Preferred stock, outstanding     0              
Number of common stock exercisable     6,219,200              
Common stock, par value     $ 0.0001   $ 0.0001 $ 0.0001        
Subsequent Event [Member] | Reverse Merger Transaction [Member]                    
Number of options exercisable               6,219,200    
Restricted Stock [Member]                    
Share based expenses     $ 108,000 $ 0            
Warrant [Member]                    
Number of exercisable shares         4,784,000 4,784,000        
Warrants exercise price (in dollars per share)         $ 0.625 $ 0.625        
Intrinsic value of warrant outstanding         $ 0 $ 0        
Number of common stock exercisable     6,219,200   6,219,200 6,219,200        
Warrant [Member] | Subsequent Event [Member]                    
Number of common stock exercisable               6,219,200    
Consulting Agreements [Member] | Subsequent Event [Member]                    
Common stock par value (in dollars per share) $ 1.25                  
Common stock, par value $ 1.25                  
Employment Agreement [Member] | Mr. Gaston Pereira [Member] | Restricted Stock [Member]                    
Number of common shares post merger     2,880,000              
Number of common shares pre merger     1,440,000              
Description of vesting    

These shares are restricted and vest October 29, 2016.

              
Employment Agreement [Member] | Chief Operating Officer [Member] | Restricted Stock [Member]                    
Number of common shares post merger     1,440,000              
Number of common shares pre merger     720,000              
Description of vesting    

These shares are restricted and vest October 29, 2016.

              
Placement Agent Agreement [Member] | Warrant [Member]                    
Number of exercisable shares     717,600              
Warrants exercise price (in dollars per share)     $ 0.625              
Warrant term     5 years              
Number of exercisable warrants unit     717,600              
QPAGOS Corporation - Parent Company [Member]                    
Common stock, authorized         50,000,000 50,000,000 50,000,000      
Common stock par value (in dollars per share)         $ 0.001 $ 0.001 $ 0.001      
Common stock, issued         22,392,000 22,392,000 4,619,314      
Common stock, outstanding         22,392,000 22,392,000 4,619,314      
Share based expenses           $ 166,715      
Preferred stock, authorized         10,000,000 10,000,000        
Preferred stock par value (in dollars per share)         $ 0.001 $ 0.001        
Common stock, par value         $ 0.001 $ 0.001 $ 0.001      
Proceeds on common stock issued, net of expenses           $ 2,601,300        
Share issue expenses           388,700        
Value for number of conversion of debt into equity           2,909,423        
Notes payable         $ 103,320 $ 103,320 $ 2,324,422      
QPAGOS Corporation - Parent Company [Member] | Convertible Notes Payable [Member]                    
Number of capital stock converted into common stock           14,547,111        
Value for number of conversion of debt into equity           $ 2,909,423        
Notes payable             2,324,422      
QPAGOS Corporation - Parent Company [Member] | Debt Holders [Member]                    
Share issued per share (in dollars per share)         $ 0.20 $ 0.20        
Number of capital stock converted into common stock           14,547,111        
QPAGOS Corporation - Parent Company [Member] | Restricted Stock [Member]                    
Share based expenses           $ 288,000 $ 0      
QPAGOS Corporation - Parent Company [Member] | Warrant [Member]                    
Number of common stock exercisable         3,109,600 3,109,600    
QPAGOS Corporation - Parent Company [Member] | Warrant [Member]                    
Intrinsic value of warrant outstanding         $ 0 $ 0 $ 0      
QPAGOS Corporation - Parent Company [Member] | Consultants and Advisors [Member]                    
Number of share issued for services           3,292,889        
Share issued per share (in dollars per share)         $ 0.20 $ 0.20        
QPAGOS Corporation - Parent Company [Member] | Consulting Agreements [Member] | Reverse Merger Transaction [Member]                    
Number of capital stock converted into common stock           2,160,000        
QPAGOS Corporation - Parent Company [Member] | Consulting Agreements [Member] | Gibbs Investment Holdings, Gibbs International, Eurosa, Inc. & Robert Skaff [Member] | Consulting Services [Member]                    
Number of share issued for services 2,572,500                  
Share issued per share (in dollars per share) $ 0.79                  
QPAGOS Corporation - Parent Company [Member] | Employment Agreement [Member] | Mr. Gaston Pereira [Member] | Restricted Stock [Member]                    
Description of vesting          

These shares are restricted and vest October 29, 2016.

        
Number of common stock issued           1,440,000        
QPAGOS Corporation - Parent Company [Member] | Employment Agreement [Member] | Chief Operating Officer [Member] | Restricted Stock [Member]                    
Description of vesting          

These shares are restricted and vest October 29, 2016.

        
Number of common stock issued           720,000        
QPAGOS Corporation - Parent Company [Member] | Private Placement Agreement And Individual Securities Purchase Agreements [Member] | Warrant [Member] | Investor [Member]                    
Number of pre-merger common units         2,392,000 2,392,000        
Common shares per unit (in dollars per share)         $ 1.25 $ 1.25        
Description of each unit        

Each unit consisting of one share of Common Stock and a five year warrant exercisable for one share of common stock at an exercise price of $1.25 per share.

          
QPAGOS Corporation - Parent Company [Member] | Private Placement Agreement And Individual Securities Purchase Agreements [Member] | Placement Agent [Member] | Warrant [Member]                    
Description of each unit        

The placement agent was also issued five year warrants to purchase 538,200 units to purchase shares of common stock at an exercise price of $1.25 per unit.

          
QPAGOS Corporation - Parent Company [Member] | Share Exchange Agreement [Member]                    
Percentage of majority stockholders                 99.996%  
Percentage of outstanding shares                 99.99%  
QPAGOS Corporation - Parent Company [Member] | Private Placement Agreement [Member] | Placement Agent [Member]                    
Percentage of fee received on gross proceeds   10.00%                
Percentage of expense recovery fee   3.00%                
Description of issuance of warrrants  

The Placement Agent was issued warrants equal to 15% of the total number of shares issued to the investors, on the same terms and conditions of those units issued to investors.

                
QPAGOS Corporation - Parent Company [Member] | Private Placement Agreement [Member] | Placement Agent [Member] | Warrant [Member]                    
Number of pre-merger common units         358,800 358,800        
Common shares per unit (in dollars per share)         $ 1.25 $ 1.25        
Description of each unit        

Each consisting of one share of Common stock and a five year warrant exercisable for 358,800 shares of Common Stock at an exercise price of $1.25 per share.

          
QPAGOS Corporation - Wholly Owned Subsidiary [Member]                    
Description of ratio of shares converted Ratio of 2 to 1                  
Number of share converted 5,145,000                  
Percentage of majority stockholders     100.00%              
Date of acquisition agreement     May 12, 2016              
Notes payable     $ 106,312   $ 103,320 $ 103,320        
QPAGOS Corporation - Wholly Owned Subsidiary [Member] | Subsequent Event [Member]                    
Percentage of outstanding shares               91.00%    
QPAGOS Corporation - Wholly Owned Subsidiary [Member] | Warrant [Member]                    
Common stock par value (in dollars per share)     $ 0.0001              
Intrinsic value of warrant outstanding     $ 0              
Common stock, par value     $ 0.0001              
QPAGOS Corporation - Wholly Owned Subsidiary [Member] | Private Placement Agreement And Individual Securities Purchase Agreements [Member] | Investor [Member]                    
Number of pre-merger common units         2,392,000 2,392,000        
Common shares per unit (in dollars per share)         $ 1.25 $ 1.25        
Description of each unit         Each unit consisting of one share of Common Stock and a five year warrant exercisable for one share of common stock of Qpagos Corporation at an exercise price of $1.25 per share.          
QPAGOS Corporation - Wholly Owned Subsidiary [Member] | Placement Agent Agreement [Member] | Warrant [Member]                    
Number of pre-merger common units     358,800              
Common shares per unit (in dollars per share)     $ 1.25              
Description of each unit     Each consisting of one share of common stock of Qpagos Corporation and one five year warrant exercisable for a total of 358,800 pre-Merger shares of common stock of Qpagos Corporation at an exercise price of $0.625 per share.              
Warrant term     5 years              
QPAGOS Corporation - Wholly Owned Subsidiary [Member] | Share Exchange Agreement [Member]                    
Percentage of majority stockholders                 99.996%  
Percentage of outstanding shares                 99.99%  
Qpagos Coporation and Redpag Electronics [Member] | Consulting Agreements [Member] | Reverse Merger Transaction [Member]                    
Number of share issued for services           2,459,314