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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Net Revenue $ 769,897 $ 363,580 $ 2,026,248 $ 525,050    
Cost of Goods Sold 736,021 311,779 1,942,957 455,715    
Gross Profit 33,876 51,801 83,291 69,335    
General and administrative 536,156 360,610 3,845,798 1,153,981    
Depreciation and amortization 19,345 8,583 58,034 25,503    
Total Expense 555,501 369,193 3,903,832 1,179,484    
Loss from Operations (521,625) (317,392) (3,820,541) (1,110,149)    
Other income 636 4,651 471    
Interest expense, net (3,025) (9,008)    
Foreign currency loss (101,854) (205,179) (216,699) (418,368)    
Loss before Provision for Income Taxes (625,868) (522,571) (4,041,597) (1,528,046)    
Provision for Income Taxes    
Net Loss (625,868) (522,571) (4,041,597) (1,528,046)    
Net loss attributable to non-controlling interest    
Net Loss Attributable to Controlling Interest $ (625,868) $ (522,571) $ (4,041,597) $ (1,528,046)    
Net Loss Per Share - Basic and Diluted (in dollars per share) $ (0.01) $ (0.01) $ (0.07) $ (0.07)    
Weighted Average Number of Shares Outstanding - Basic and Diluted (in shares) 55,344,870 37,184,000 54,226,382 21,250,969    
Other Comprehensive Income            
Foreign currency translation adjustment $ 55,418 $ 156,873 $ 147,577 $ 263,353    
Total Comprehensive loss (570,450) (365,698) (3,894,020) (1,264,694)    
Comprehensive loss attributable to non-controlling interest    
Comprehensive Loss Attributable to Controlling Interest $ (570,450) $ (365,698) $ (3,894,020) $ (1,264,694)    
QPAGOS Corporation - Parent Company [Member]            
Net Revenue         $ 1,127,944 $ 137,250
Cost of Goods Sold         1,120,236 135,602
Gross Profit         7,708 [1] 1,648
General and administrative         2,000,714 1,264,535
Depreciation and amortization         37,810 30,600
Total Expense         2,038,524 1,295,135
Loss from Operations         (2,030,816) (1,293,487)
Other income [2]         203 5,033
Interest expense, net         (2,241) [2] 11
Foreign currency loss         (466,920) (200,875)
Loss before Provision for Income Taxes         (2,499,774) (1,489,318)
Provision for Income Taxes        
Net Loss         (2,499,774) (1,489,318)
Net loss attributable to non-controlling interest        
Net Loss Attributable to Controlling Interest         $ (2,499,774) [1] $ (1,489,318)
Net Loss Per Share - Basic and Diluted (in dollars per share)         $ (0.10) $ (0.30)
Weighted Average Number of Shares Outstanding - Basic and Diluted (in shares) [3]         25,698,747 4,918,628
Other Comprehensive Income            
Foreign currency translation adjustment         $ 267,257 [4] $ 147,167
Total Comprehensive loss         (2,232,517) (1,342,151)
Comprehensive loss attributable to non-controlling interest        
Comprehensive Loss Attributable to Controlling Interest         $ (2,232,517) $ (1,342,151)
[1] 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 we have brought this restatement to the attention of the Mexican revenue authorities and are in the process of correcting our tax returns.
[2] 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.
[3] To reflect the adjustments necessary to record the recapitalization effect of the reverse merger with Asiya Pearls, Inc.
[4] 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.