STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of restricted stock granted

The following common shares were issued by the Company during the three months ended March 31, 2016:

i. On February 16, 2016, Qpagos Corporation entered into consulting agreements with Gibbs Investment Holdings, Gibbs international, Eurosa, Inc. and Robert Skaff, in terms of which the parties have provided consulting services to Qpagos Corporation and continue to provide such services and were issued a total of 5,145,000 (2,572,500 pre-merger) common shares of Qpagos Corporation at an issue price of $0.395 ($0.79 pre-merger) per share. In connection with the Merger, these shares of Qpagos Corporation were converted to QPAGOS shares in the ratio of 2 to 1.

Included in common stock is restricted stock which vests on April 30, 2016:

		Restricted Stock Granted				Restricted Stock Vested
Grant date Price		Number Granted		Weighted Average Fair Value per Share		Number Vested		Weighted Average Fair Value per Share
$	0.10		2,880,000	$	0.10		-	$	-
$	0.10		1,440,000	$	0.10		-	$	-
			4,320,000	$	0.10		-	$	-

Warrant [Member]

Schedule of warrant activity

A summary of all of our warrant activity during the period January 1, 2016 to March 31, 2016 is as follows:

	Shares Underlying Warrants		Exercise price per share		Weighted average exercise price
Outstanding January 1, 2016		6,219,200	$	0.625	$	0.625
Granted		-		-		-
Forfeited/Cancelled		-		-		-
Exercised		-		-		-
Outstanding March 31, 2016		6,219,200	$	0.625	$	0.625

Schedule of exercise price range of warrants

The warrants outstanding and exercisable at March 31, 2016 are as follows:

		Warrants Outstanding						Warrants Exercisable
Exercise Price		Number Outstanding		Weighted Average Remaining Contractual life in years		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price		Weighted Average Remaining Contractual life in years
$	0.625		6,219,200		4.51	$	0.625		6,219,200	$	0.625		4.51
			6,219,200			$	0.625		6,219,200	$	0.625