2015 Q4 Form 10-K Financial Statement
#000161577417001723 Filed on April 17, 2017
Income Statement
| Concept | 2015 Q4 | 2015 | 2014 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $1.128M | $0.00 |
| YoY Change | |||
| Cost Of Revenue | $1.156M | ||
| YoY Change | |||
| Gross Profit | -$27.79K | ||
| YoY Change | |||
| Gross Profit Margin | -2.46% | ||
| Selling, General & Admin | $0.00 | $27.23K | $0.00 |
| YoY Change | -35.75% | ||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $0.00 | $2.813M | $0.00 |
| YoY Change | 6537.39% | ||
| Operating Profit | -$2.841M | ||
| YoY Change | 6602.96% | ||
| Interest Expense | $2.241K | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | $203.00 | ||
| YoY Change | |||
| Pretax Income | $0.00 | -$27.23K | $0.00 |
| YoY Change | -35.75% | ||
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | $0.00 | -$27.23K | $0.00 |
| YoY Change | -35.75% | ||
| Net Earnings / Revenue | -2.41% | ||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $0.00 | -$27.23K | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 Q4 | 2015 | 2014 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $0.00 | $0.00 | $30.00K |
| YoY Change | -100.0% | -100.0% | |
| Cash & Equivalents | $833.6K | $0.00 | $173.8K |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | $388.8K | ||
| Prepaid Expenses | |||
| Receivables | $242.1K | ||
| Other Receivables | |||
| Total Short-Term Assets | $1.933M | $0.00 | $30.00K |
| YoY Change | 6343.22% | -100.0% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $300.4K | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | $211.4K | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $11.71K | ||
| YoY Change | |||
| Total Long-Term Assets | $523.5K | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.933M | $0.00 | $30.00K |
| Total Long-Term Assets | $523.5K | $0.00 | $0.00 |
| Total Assets | $2.456M | $0.00 | $30.00K |
| YoY Change | 8088.28% | -100.0% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $38.37K | $0.00 | $0.00 |
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $335.7K | $0.00 | $0.00 |
| YoY Change | |||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $335.7K | $0.00 | $0.00 |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $335.7K | $0.00 | $0.00 |
| YoY Change | |||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$4.026M | ||
| YoY Change | |||
| Common Stock | $4.478K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.121M | $0.00 | $30.00K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.456M | $0.00 | $30.00K |
| YoY Change | 8088.28% | -100.0% |
Cashflow Statement
| Concept | 2015 Q4 | 2015 | 2014 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $0.00 | -$27.23K | $0.00 |
| YoY Change | -35.75% | ||
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | $0.00 | -$27.62K | -$10.00K |
| YoY Change | -100.0% | -35.95% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $4.779K | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $2.990M | ||
| YoY Change | 11860.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | 0.000 | -27.62K | -10.00K |
| Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
| Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
| Net Change In Cash | 0.000 | -27.62K | -10.00K |
| YoY Change | -100.0% | -501.45% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $0.00 | -$27.62K | -$10.00K |
| Capital Expenditures | $4.779K | ||
| Free Cash Flow | -$32.40K | ||
| YoY Change | -24.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
288000 | USD |
| CY2015 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2990000 | USD |
| CY2015 | us-gaap |
Revenues
Revenues
|
1127944 | USD |
| CY2015 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
215000 | USD |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
832159 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
173828 | USD |
| CY2015Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
242075 | USD |
| CY2015Q4 | us-gaap |
Inventory Net
InventoryNet
|
388821 | USD |
| CY2015Q4 | qpag |
Recoverable Iva Taxes And Credits
RecoverableIvaTaxesAndCredits
|
417897 | USD |
| CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1932966 | USD |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
300388 | USD |
| CY2015Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
211417 | USD |
| CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11712 | USD |
| CY2015Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
523517 | USD |
| CY2015Q4 | us-gaap |
Assets
Assets
|
2456483 | USD |
| CY2015Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
38372 | USD |
| CY2015Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
103320 | USD |
| CY2015Q4 | qpag |
Iva And Other Taxes Payable
IvaAndOtherTaxesPayable
|
192044 | USD |
| CY2015Q4 | qpag |
Advances From Customers Current
AdvancesFromCustomersCurrent
|
1986 | USD |
| CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
335722 | USD |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
335722 | USD |
| CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
4478 | USD |
| CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5735861 | USD |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4026148 | USD |
| CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
406570 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2120761 | USD |
| CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
USD | |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2120761 | USD |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2456483 | USD |
| CY2015 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1155732 | USD |
| CY2015 | us-gaap |
Gross Profit
GrossProfit
|
-27788 | USD |
| CY2015 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2780576 | USD |
| CY2015 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
32351 | USD |
| CY2015 | us-gaap |
Operating Expenses
OperatingExpenses
|
2812927 | USD |
| CY2015 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2840715 | USD |
| CY2015 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
203 | USD |
| CY2015 | us-gaap |
Interest Expense
InterestExpense
|
2241 | USD |
| CY2015 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
226161 | USD |
| CY2015 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
21581 | USD |
| CY2015 | qpag |
Increase Decrease Recoverable Iva Taxes And Credits
IncreaseDecreaseRecoverableIvaTaxesAndCredits
|
246697 | USD |
| CY2015 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
5520 | USD |
| CY2015 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-64129 | USD |
| CY2015 | qpag |
Increase Decrease Iva And Other Taxes Payable
IncreaseDecreaseIvaAndOtherTaxesPayable
|
183689 | USD |
| CY2015 | qpag |
Increase Decrease In Advances From Customers
IncreaseDecreaseInAdvancesFromCustomers
|
-1106 | USD |
| CY2015 | qpag |
Increase Decrease In Interest Accruals
IncreaseDecreaseInInterestAccruals
|
3320 | USD |
| CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2675448 | USD |
| CY2015 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4779 | USD |
| CY2015 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-219779 | USD |
| CY2015 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
685001 | USD |
| CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
3286301 | USD |
| CY2015 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
253821 | USD |
| CY2015 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
658331 | USD |
| CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2015 | us-gaap |
Interest Paid
InterestPaid
|
USD | |
| CY2015 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2909423 | USD |
| CY2015Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
USD | |
| CY2015Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
USD | |
| CY2015Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
USD | |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2015 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
USD | |
| CY2015 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
658577 | USD |
| CY2015 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| CY2015 | qpag |
Non Cash Investment In Affiliates
NonCashInvestmentInAffiliates
|
USD | |
| CY2015 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
| CY2015 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
388700 | USD |
| CY2015 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD |
