MOPALS.COM, INC.

CIK:0001222218|SEC Filings

Condensed Interim Consolidated Statement of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
EXPENSES (RECOVERIES)
Consultants & Contractors	$ 235,705	$ 250,186	$ 573,306	$ 541,607
General & Administrative Expenses	79,960	83,166	154,471	193,625
Occupancy Costs	141,132	35,248	168,733	68,610
Share Based Compensation (Note 9)	83,802	(141,242)	181,460	(42,315)
Depreciation	3,896	4,133	7,556	7,954
Total Operating Expense & Loss before Income Taxes	544,495	231,491	1,085,526	769,481
Provision for Income Taxes
Net loss from Operations	(544,495)	(231,491)	(1,085,526)	(769,481)
Foreign currency translation adjustment, net of taxes	(11,440)	(22,220)	(187,160)	112,879
Other Comprehensive (Loss) Income	(11,440)	(22,220)	(187,160)	112,879
Total Comprehensive Loss	$ (533,055)	$ (253,711)	$ (898,366)	$ (656,602)
Basic and Diluted:
Net (Loss) per common share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted Average Number of Shares Outstanding - Basic and Diluted During the Period	52,200,700	45,804,884	52,200,700	45,804,884

Condensed Interim Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows used in Operating Activities
Net (Loss)	$ (1,085,526)	$ (769,481)
Adjustments to reconcile net (loss) to net cash from operating activities:
Depreciation	7,556	7,954
Stock-based compensation expense (recovery)	181,460	(42,315)
Increase (Decrease) in net assets:
Decrease (increase) in Prepaids & Other Assets	113,251	(13,203)
Increase in MoCoinsTM liability	29,829	2,463
Increase in Accounts Payable & Accrued Liabilities and Employee Tax Deductions Payable	236,020	200,993
Net Cash Flows used in Operating Activities	(517,410)	(613,589)
Cash Flows from Financing Activities
Shares to be issued		70
Additional Paid In Capital		126,397
Increase in Shareholders' Loan	680,175	254,346
Net Cash Flows from Financing Activities	680,175	380,813
Cash Flows used in Investing Activities
Purchases of Capital Equipment		(3,066)
Net Cash Flows used in Investing Activities		(3,066)
Net Cash Flows	162,765	(235,842)
Effects of Exchange Rate on Cash	(162,765)	148,220
Cash - Beginning of Period	6,079	143,482
Cash - End of Period	6,079	55,860
Supplemental Cash Flow Information
Interest Paid
Income Taxes Paid

Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash	$ 6,079	$ 6,079
Prepaid & Other Assets (Note 4)	173,617	295,253
Total Current Assets	179,696	301,332
Equipment, net (Note 5)	10,180	16,768
Total Assets	189,876	318,100
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts Payable & Accrued Liabilities	300,898	231,726
Employee Tax Deductions Payable	1,078,201	832,831
MoCoins Liability	33,576	2,644
Share Based Accrual	14,924	14,924
Loans from Shareholder (Note 6)	2,065,281	1,429,055
Total Liabilities	3,492,880	2,511,180
Commitments and Contingencies (Note 7)
Capital Stock; par value $0.0001 (Note 8)	5,220	5,220
Additional Paid In Capital	3,631,840	3,469,078
Deficit	(7,233,100)	(6,147,574)
Foreign Currency Translation	293,036	480,196
Total Stockholders' Deficit	(3,303,004)	(2,193,080)
Total Liabilities and Stockholders' Deficit	$ 189,876	$ 318,100