Note 2 - Discontinued Operations - Quepasa Games

3 Months Ended

Mar. 31, 2013

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 2 —Discontinued Operations – Quepasa Games

The games development business of our Brazilian subsidiary, Quepasa Games, were discontinued on June 30, 2012 in order to streamline efforts to improve efficiencies, reduce costs and focus on the Company’s core social network business. In connection with this closure, the Company transferred the hosting responsibilities of its games Wonderful City Rio and Amazon Alive to third parties, Quepasa Games office in Curitiba, Brazil was closed and all Quepasa Games employees were terminated. The games business closure qualifies as a discontinued operation and accordingly the Company has excluded results for Quepasa Games operations from its continuing operations in the Consolidated Statement of Operations for all periods presented.  The following table shows the results of Quepasa Games included in the loss from discontinued operations:

	For the Three Months Ended March 31,
	2013		2012
Games Revenues	$	-	$	407,451
Games Expenses		-		536,081
Product development and content		-		202,962
Depreciation and amortization		-		9,015
Exit costs		-		-
Loss on disposable of assets		-		-
Stock-based compensation		-		225,980
Loss on impairment of goodwill		-		-
Total		-		974,038
Loss from discontinued operations attributable to Quepasa Games	$	-	$	(566,587	)