Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 2)

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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 2) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to the company $ (555,938) $ (2,668,938) [1]
Less: loss attributable to non-controlling interest [1]
Net loss (555,938) (2,668,938) [1]
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation expense 14,790 15,888 [1]
Amortization expense 10,969 10,984 [1]
Equity based compensation charge 108,000 [1]
Shares issued for services 2,032,275 [1]
Non- cash investment in affiliates (3,000) [1]
Other foreign currency movements 3,792 [1]
Changes in Assets and Liabilities    
Accounts receivable (95,769) (155,999) [1]
Inventory 52,463 115,308 [1]
Recoverable IVA taxes and credits 787 (109,700) [1]
Prepayments   (17,408)
Other assets 2,542 (68) [1]
Accounts payable and accrued expenses (122,073) 38,711 [1]
IVA and other taxes payable (18,972) 3,303 [1]
Advances from customers 18,438 3,873 [1]
Interest accruals 27,216 2,992 [1]
CASH USED IN OPERATING ACTIVITIES (270,901) (627,571) [1]
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (454) [1]
NET CASH USED IN INVESTING ACTIVITIES (454) [1]
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 15,000 [1]
NET CASH PROVIDED BY FINANCING ACTIVITIES 473,000 [1]
Effect of exchange rate changes on cash and cash equivalents (214,520) 46,774 [1]
NET DECREASE IN CASH (12,421) (581,251) [1]
CASH AT BEGINNING OF PERIOD 46,286 832,159 [1]
CASH AT END OF PERIOD $ 33,865 250,908 [1]
As Previously Reported [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to the company [2]   (2,661,411)
Less: loss attributable to non-controlling interest  
Net loss   (2,661,411)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation expense [2]   8,415
Amortization expense [2]   10,930
Equity based compensation charge   108,000
Shares issued for services   2,032,275
Non- cash investment in affiliates   (3,000)
Other foreign currency movements [2]  
Changes in Assets and Liabilities    
Accounts receivable   (155,999)
Inventory   115,308
Recoverable IVA taxes and credits   (109,700)
Prepayments   (17,408)
Other assets   (68)
Accounts payable and accrued expenses   38,711
IVA and other taxes payable   3,303
Advances from customers   3,873
Interest accruals   2,992
CASH USED IN OPERATING ACTIVITIES   (623,779)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment   (454)
NET CASH USED IN INVESTING ACTIVITIES   (454)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable  
NET CASH PROVIDED BY FINANCING ACTIVITIES  
Effect of exchange rate changes on cash and cash equivalents   42,982
NET DECREASE IN CASH   (581,251)
CASH AT BEGINNING OF PERIOD   832,159
CASH AT END OF PERIOD   250,908
Adjustments [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to the company [2]   (7,527)
Less: loss attributable to non-controlling interest  
Net loss   (7,527)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation expense [2]   7,473
Amortization expense [2]   54
Other foreign currency movements [2]   (3,792)
Changes in Assets and Liabilities    
CASH USED IN OPERATING ACTIVITIES   (3,792)
CASH FLOWS FROM INVESTING ACTIVITIES:    
NET CASH USED IN INVESTING ACTIVITIES  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable  
NET CASH PROVIDED BY FINANCING ACTIVITIES  
Effect of exchange rate changes on cash and cash equivalents   3,792
NET DECREASE IN CASH  
CASH AT END OF PERIOD  
[1] (As Restated)
[2] To correct an error in classifying kiosks acquired in 2015 as inventory and available for sale, to property and equipment, along with the recording of related accumulated depreciation and depreciation expense.