10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001019687-11-003518`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	tpnl-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 64 Cash Flow Statement 44 Stockholders Equity 8

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Cash	`Cash`	$47.26K	USD	Point-in-time
Cash	`Cash`	$65.49K	USD	Point-in-time
Cash	`Cash`	$42.21K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Cash	`Cash`	$2.90K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.37M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.41M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$60.66K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.64M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.47M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$90.20K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$94.52K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.50K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$135.06K	USD	Point-in-time
Total assets	`Assets`	$4.71M	USD	Point-in-time
Total assets	`Assets`	$6.20M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$871.28K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Customer card funding	`CustomerAdvancesCurrent`	$4.41M	USD	Point-in-time
Customer card funding	`CustomerAdvancesCurrent`	$4.37M	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$538.00K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$538.00K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$10.00K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$10.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.94M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.73M	USD	Point-in-time
Notes payable, non-current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable, non-current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Total long Term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total long Term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$9.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.73M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 35,250,391 and 35,245,069 issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$35.25K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 35,250,391 and 35,245,069 issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$35.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	USD	Point-in-time
Treasury stock at cost, 303,450 shares	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 shares	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.94M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-3.18M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$57.49K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$57.39K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.02M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.20M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.71M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$278.01K	USD	1 Quarter
Revenues	`Revenues`	$1.88M	USD	3 Qtrs
Revenues	`Revenues`	$1.05M	USD	1 Quarter
Revenues	`Revenues`	$2.54M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$2.05M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$90.05K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$873.19K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$487.89K	USD	3 Qtrs
Gross profit	`GrossProfit`	$187.96K	USD	1 Quarter
Gross profit	`GrossProfit`	$178.43K	USD	1 Quarter
Gross profit	`GrossProfit`	$607.40K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$88.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.84K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$129.61K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$421.79K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$391.27K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$132.62K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$150.46K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$455.92K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$140.21K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$479.69K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$27.97K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$151.48K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$47.75K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$8.21K	USD	3 Qtrs
Interest expense	`InterestExpense`	$50.69K	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.55K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.99K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.64K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-50.69K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.99K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-47.64K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.55K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.41K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$103.84K	USD	3 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.76K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-42.48K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) before noncontrolling interest	`NetIncomeLoss`	$-42.48K	USD	3 Qtrs
Net income (loss) before noncontrolling interest	`NetIncomeLoss`	$103.84K	USD	3 Qtrs
Net income (loss) before noncontrolling interest	`NetIncomeLoss`	$11.41K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`NetIncomeLoss`	$31.76K	USD	1 Quarter
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-42.00	USD	1 Quarter
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.83K	USD	3 Qtrs
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.00	USD	1 Quarter
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-102.00	USD	3 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`ProfitLoss`	$-35.65K	USD	3 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`ProfitLoss`	$11.45K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`ProfitLoss`	$103.94K	USD	3 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`ProfitLoss`	$31.77K	USD	1 Quarter
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	3 Qtrs
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.51M	shares	3 Qtrs
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.23M	shares	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$103.94K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$31.77K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$11.45K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-35.65K	USD	3 Qtrs
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-42.00	USD	1 Quarter
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.83K	USD	3 Qtrs
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.00	USD	1 Quarter
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-102.00	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$88.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.84K	USD	1 Quarter
Merger expense - stock based	`NoncashMergerRelatedCosts`	$935.00	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$474.05K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$42.42K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.58M	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-743.00	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.62K	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.55M	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-474.05K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-42.42K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$169.06K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.81K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.13K	USD	3 Qtrs
Capitalization of cost associated with intangible assets	`PaymentsToAcquireIntangibleAssets`	$122.88K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.01K	USD	3 Qtrs
Proceeds from borrowings on notes payable-related parties	`ProceedsFromNotesPayable`	$3.58K	USD	3 Qtrs
Proceeds from stock sales	`ProceedsFromIssuanceOfCommonStock`	$250.00	USD	3 Qtrs
Payments on notes payable-related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-8.95K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$10.10K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.22K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$5.05K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$62.59K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$47.26K	USD	Point-in-time
Cash, beginning of period	`Cash`	$65.49K	USD	Point-in-time
Cash, beginning of period	`Cash`	$42.21K	USD	Point-in-time
Cash, beginning of period	`Cash`	$2.90K	USD	Point-in-time
Cash, end of period	`Cash`	$47.26K	USD	Point-in-time
Cash, end of period	`Cash`	$65.49K	USD	Point-in-time
Cash, end of period	`Cash`	$42.21K	USD	Point-in-time
Cash, end of period	`Cash`	$2.90K	USD	Point-in-time
Issuance of 6,100,000 shares of common stock for satisfaction of accounts payable and accrued liabilities	`IssuanceSharesOfCommonStockForSatisfactionOfAccountsPayableAndAccrued`	$85.03K	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.02M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$103.84K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-42.48K	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.02M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.