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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 1) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Sales of services $ 497,985 $ 34,573
Kiosk sales 130,972 18,770
Payment processing fees 977 2,701
Net Revenue 629,934 56,044
Cost of Goods Sold    
Sales of services 483,885 35,455
Kiosk sales 113,357 13,030
Other 12,046 2,121
Cost of Goods Sold 609,288 50,606
Gross Profit 20,646 5,438
General and administrative 2,693,703 429,724
Depreciation and amortization 19,345 8,441
Total Expense 2,713,048 438,165
Loss from Operations (2,692,402) (432,727)
Other (expense) income 2,999 470
Interest expense, net (2,992)
Foreign currency gain (loss) 30,984 (40,305)
Loss before Provision for Income Taxes (2,661,411) (472,562)
Provision for Income Taxes
Net Loss (2,661,411) (472,562)
Net loss attributable to non-controlling interest
Net Loss Attributable to Controlling Interest $ (2,661,411) $ (472,562)
Net Loss Per Share - Basic and Diluted (in dollars per share) $ (0.06) $ (0.1)
Weighted Average Number of Shares Outstanding - Basic and Diluted (in shares) 42,895,154 4,918,628
Other Comprehensive Income    
Foreign currency translation adjustment $ 42,982 $ 59,016
Total Comprehensive loss (2,618,429) (413,546)
Comprehensive loss attributable to non-controlling interest
Comprehensive Loss Attributable to Controlling Interest (2,618,429) (413,546)
Scenario, Previously Reported [Member]    
Revenues    
Sales of services 755,541 54,528
Kiosk sales 130,972 18,770
Payment processing fees 977 2,701
Net Revenue 887,490 75,999
Cost of Goods Sold    
Sales of services 755,561 58,130
Kiosk sales 113,357 13,030
Other 5,250
Cost of Goods Sold 874,168 71,160
Gross Profit 13,322 4,839
General and administrative 2,693,703 429,724
Depreciation and amortization 19,345 8,441
Total Expense 2,713,048 438,165
Loss from Operations (2,699,726) (433,326)
Other (expense) income (3,797) (1,651)
Interest expense, net (2,992)
Foreign currency gain (loss) 30,984 (40,305)
Loss before Provision for Income Taxes (2,675,531) (475,282)
Provision for Income Taxes
Net Loss (2,675,531) (475,282)
Net loss attributable to non-controlling interest
Net Loss Attributable to Controlling Interest $ (2,675,531) $ (475,282)
Net Loss Per Share - Basic and Diluted (in dollars per share) $ (0.06) $ (0.1)
Weighted Average Number of Shares Outstanding - Basic and Diluted (in shares) 42,895,154 4,918,628
Other Comprehensive Income    
Foreign currency translation adjustment   $ 56,380
Total Comprehensive loss $ (2,633,153) (418,902)
Comprehensive loss attributable to non-controlling interest
Comprehensive Loss Attributable to Controlling Interest (2,633,153) (418,902)
Adjustments [Member]    
Revenues    
Sales of services [1] (257,556) (19,955)
Net Revenue (257,556) (19,955)
Cost of Goods Sold    
Sales of services [1],[2] (271,676) (22,675)
Other [3] 6,796 2,121
Cost of Goods Sold (264,880) (20,554)
Gross Profit [2] 7,324 599
Total Expense
Loss from Operations 7,324 599
Other (expense) income [3] 6,796 2,121
Loss before Provision for Income Taxes 14,120 2,720
Net Loss 14,120 2,720
Net Loss Attributable to Controlling Interest [2] $ 14,120 $ 2,720
Net Loss Per Share - Basic and Diluted (in dollars per share) $ 0 $ 0
Weighted Average Number of Shares Outstanding - Basic and Diluted (in shares) [4] 42,895,154 4,918,628
Other Comprehensive Income    
Foreign currency translation adjustment $ 604 [5] $ 2,636
Total Comprehensive loss 14,724 5,356
Comprehensive Loss Attributable to Controlling Interest $ 14,724 $ 5,356
[1] Management noted an error in the recording of transactions related to a consumer's use of kiosks to pay for certain services such as utilities through our kiosks. In these transactions, the Company earns a payment processing fee as an agent, on either a percentage of transaction value or a fixed fee per transaction basis. This revenue was previously recorded at gross value, the full value of the transaction was recorded as revenue and the full value of the service provided to our end users was recognized as cost of goods sold. The value-added taxation on both the revenue and cost of goods sold was recorded as due to and due from, the Mexican revenue authorities, respectively. The Restated financial statements reversed the difference between the gross revenue recorded and the payment processing fee actually earned on these transactions; and the cost of goods sold entries originally recorded were reversed. The value-added taxation recorded has been restated and the Company has brought this restatement to the attention of the Mexican revenue authorities and are in the process of correcting its tax returns.
[2] Management noted an error in recording of cost of goods sold of prepaid services sold to end users. Purchases of prepaid services from providers are recorded as a prepaid asset, which is subsequently expensed to cost of goods sold when the service is sold and the risks and rewards of ownership passed to end users. The cost of goods sold was incorrectly recorded as equal to revenue on all service sales. The gross profit on these revenue transactions was earned but remained on our balance sheet in prepaid expenditure. The restated financial statements reduced the costs of goods sold recorded by the gross profit earned on these transactions with a corresponding reduction in prepaid expenditure. The net value added tax effect on these transactions was restated and the Company has brought this restatement to the attention of the Mexican revenue authorities and are in the process of correcting its tax returns.
[3] To reclass certain lease payments to retailers for the lease of floor space for the placement of kiosks on their premises from other (expense) income to cost of goods sold.
[4] To reflect the adjustments necessary to record the effect of the acquisition of the net assets and liabilities and the common shares retained by the shareholders of Asiya Pearls, Inc., on the effective date of the transaction, May 12, 2016, previously this was disclosed effective the earliest date presented in our financial statements.
[5] Represents the restatement of the foreign currency translation adjustment directly related to the restatement of revenues and cost of goods sold discussed in A and B above.