Company Quick10K Filing
KinerjaPay
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 44 $10
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-06-06 Quarter: 2019-03-31
10-K 2019-04-24 Annual: 2018-12-31
S-1 2018-11-02 Public Filing
10-Q 2018-12-03 Quarter: 2018-09-30
10-Q 2018-08-15 Quarter: 2018-06-30
S-1 2018-05-08 Public Filing
10-Q 2018-05-25 Quarter: 2018-03-31
10-K 2018-04-20 Annual: 2017-12-31
10-Q 2017-12-08 Quarter: 2017-09-30
10-Q 2017-08-25 Quarter: 2017-06-30
10-Q 2017-06-07 Quarter: 2017-03-31
10-K 2017-04-28 Annual: 2016-12-31
10-Q 2016-11-21 Quarter: 2016-09-30
10-Q 2016-08-22 Quarter: 2016-06-30
10-Q 2016-05-17 Quarter: 2016-03-31
10-K 2016-02-11 Annual: 2015-12-31
10-K 2015-03-18 Annual: 2014-12-31
10-K 2014-03-25 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-08-13 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-K 2012-03-26 Annual: 2011-12-31
8-K 2019-11-08 Other Events, Exhibits
8-K 2019-10-23
8-K 2019-05-02 Other Events, Exhibits
8-K 2019-01-30 Other Events, Exhibits
8-K 2019-01-14 Other Events, Exhibits
8-K 2019-01-08 Other Events, Exhibits
8-K 2018-02-05 Other Events, Exhibits
8-K 2018-01-11 Sale of Shares, Other Events, Exhibits
8-K 2018-01-09 Enter Agreement

KinerjaPay Financials

KPAY Metrics, Comps, Filings

Annual | Quarterly

Business

Our business aim is to build a secure and convenient e-commerce ecosystem to customers and merchants through our introduction of services and products including: (i) electronic payment service; and (ii) virtual marketplace both of which are available on the portal, KinerjaPay.com, (the “Portal”). In addition to access to the Portal, our Android and iPhone based mobile application includes additional in-app services to mobile phone users such as social engagement and digital entertainment (the “Mobile App”). A virtual marketplace, powered by our proprietary electronic payment service and gamified with in-app entertainment features, creates a one-stop-shop e-commerce platform for users to BUY, PAY and PLAY. We brand our virtual marketplace under the name of KMALL, our electronic payment solution under the name of KPAY, and our gamification features under the name of KGAMES.

The Company was incorporated in Delaware on February 12, 2010 under the name Solarflex Corp. for the purpose of developing, manufacturing and selling a solar photovoltaic element (“Equipment”), an equipment that converts light into electrical flow (also known as a photovoltaic cell) based on certain proprietary technology to enable an increase in solar energy conversion efficiency and provide energy at a lower cost. The Company entered into an Asset Purchase Agreement with International Executive Consulting SPRL, organized under the laws of Belgium (“IEC”) on May 14, 2013. The business plan was to use the Equipment to: (i) develop a working prototype of its photovoltaic cell for testing and evaluation; (ii) enter into manufacturing arrangements with third parties to produce the photovoltaic elements and sell to solar panel producers; and (iii) enter into distribution agreements for the commercial sale of our products. Since the Asset Purchase Agreement with IEC through mid-2015, we did not successfully use the Equipment to develop a working prototype, nor was there any estimated timeline for our ability to put the working prototype in production. Since the Company did not generate any revenue from the technology, we determined that it was not in the best interest of the Company or its shareholders to continue devoting resources and incurring expenditures towards efforts to commercialize the technology using the Equipment.

On November 10, 2015, the Company entered into an Asset Purchase Rescission Agreement with IEC (the “Rescission Agreement”) pursuant to which: (i) we transferred and assigned all right, title and interest in the Equipment back to IEC; (ii) IEC returned 333,333 of the 2,000,000 Shares back to the Company; (iii) IEC transferred and assigned the remaining 1,666,667 Shares to Mr. Edwin Witarsa Ng (“Mr. Ng”), a resident of Indonesia, who was appointed as Chairman of our Board of Directors, in consideration for a cash payment by Mr. Ng of $20,000 to IEC. The rationale of the Rescission Agreement was based upon the Registrant's determination not to pursue the use and commercial exploitation of the Equipment in furtherance of its former solar energy business plan.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Sino Agro Food (SIAF) 10,995 16% 0.8 2% 794,381 80,166 141,804 22,000 19,515 19,860 15,742
New Bancorp (NWBB) 10,731 -1.6 0% 117,804 101,893 0 0 398 1,869 -3,046
Kiwa Bio-Tech (KWBT) 10,716 34% 9.7 -3% 32,244 19,141 28,194 9,701 -929 1,295 12,518
BioCorRx (BICX) 10,699 55% -1.0 -148% 5,512 260 262 143 -8,172 -6,054 5,906
Zenosense (ZENO) 10,638 -48.7 -112% 413 756 0 0 -464 -227 11,055
Applied Minerals (AMNL) 10,531 0% 7.6 291% 2,076 43,967 5,075 0 6,034 6,859 52,112
KinerjaPay (KPAY) 10,487 2% -0.7 -361% 4,481 7,603 794 18 -16,156 -16,130 10,515
Immunocellular Therapeutics (IMUC) 10,478 -1.3 -148% 3,829 402 0 0 -5,664 -5,664 7,626
Parks America (PRKA) 10,475 0% 4.2 11% 10,279 1,882 6,221 0 1,120 2,045 8,650
Sci Engineered Materials (SCIA) 10,472 22% 10.1 10% 8,241 4,340 13,728 3,044 831 862 8,674
International Baler (IBAL) 10,420 32% 13.6 2% 10,305 1,034 5,535 1,774 242 489 6,629
Duo World (DUUO) 10,418 61% -15.4 -62% 1,130 4,499 667 404 -698 -677 10,409
Sunstock (SSOK) 10,414 10% -2.4 -691% 654 5,532 1,928 184 -4,520 -4,317 10,394
Dais Analytic (DLYT) 10,399 50% -6.7 -771% 393 7,194 1,044 520 -3,025 -1,540 10,370
AlphaPoint Technology (APPO) 10,360 0% -10.9 -1,370% 69 987 10 0 -948 -948 10,324
Nanoflex Power (OPVS) 10,175 0% -0.9 -3,712% 442 11,151 627 0 -16,426 -11,456 10,074
Global Healthcare REIT (GBCS) 10,120 0% 66.3 -3% 39,953 38,819 2,890 0 -1,306 710 47,097
Home Treasure Finders (HMTF) 10,092 0% -1,769.4 -5% 869 992 686 0 -47 -6 10,063
SPYR (SPYR) 10,003 143% -4.1 -819% 375 3,839 252 361 -3,073 -2,421 9,980
Sunwin Stevia (SUWN) 9,982 10% -2.0 -13% 30,813 27,391 19,835 2,035 -4,101 -4,588 9,196

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312015-12-312016-12-312017-12-312018-12-31
Cash1000161150
Accounts Receivable6
Inventory16
PP&E413650
Assets2601225025082751,104
Accounts Payable53
Long-Term Debt600
Liabilities808713912742741586424,596
Stockholders' Equity-55-89-24-24-76-115-3,492
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312015-12-312016-12-312017-12-312018-12-31
Revenue000000-1060
Cost of Revenue2,821
Gross Profit4
R&D
SG&A168510845452,6805,4466,282
Tax0000000
Net Income-16-82-188-293-293-2,690-6,166-8,394
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-13-88-78-49-49-1,194-1,423-2,038
Cash Investing00-300000-12-12
Cash Financing138791792972979961,5472,119