10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001019687-12-001195`
Period End Date	20111231
Filing Date	20120402
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	tpnl-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 37 Cash Flow Statement 42 Stockholders Equity 11

Balance Sheet 65 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
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Cash	`Cash`	$63.83K	USD	Point-in-time
Cash	`Cash`	$2.90K	USD	Point-in-time
Cash	`Cash`	$42.21K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.41M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.51M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	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
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.64M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.83M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$90.20K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$88.72K	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`	$171.78K	USD	Point-in-time
Total assets	`Assets`	$6.20M	USD	Point-in-time
Total assets	`Assets`	$7.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Customer card funding	`CustomerAdvancesCurrent`	$4.41M	USD	Point-in-time
Customer card funding	`CustomerAdvancesCurrent`	$5.51M	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`	$10.01M	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`	$10.01M	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 December 31, 2011 and December 31, 2010, respectively	`CommonStockValue`	$35.24K	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 December 31, 2011 and December 31, 2010, respectively	`CommonStockValue`	$35.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.97M	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`	$-7.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.04M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-2.97M	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`	$57.38K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.20M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.30M	USD	Annual
Revenues	`Revenues`	$4.35M	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.43M	USD	Annual
Cost of revenues	`CostOfRevenue`	$3.61M	USD	Annual
Gross profit	`GrossProfit`	$870.09K	USD	Annual
Gross profit	`GrossProfit`	$739.72K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$109.11K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.51K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$547.69K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$548.69K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$591.20K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$657.81K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$81.91K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$278.89K	USD	Annual
Interest expense	`InterestExpense`	$63.70K	USD	Annual
Interest expense	`InterestExpense`	$66.43K	USD	Annual
Other expense	`OtherNonoperatingExpense`	-	USD	Annual
Other expense	`OtherNonoperatingExpense`	-	USD	Annual
Loss on impairment of intangibles assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$30.80K	USD	Annual
Gain on forgiveness of debts	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of debts	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-63.70K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-97.23K	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$215.19K	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.32K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income(loss) before noncontrolling interest	`ProfitLoss`	$-15.32K	USD	Annual
Net income(loss) before noncontrolling interest	`ProfitLoss`	$215.19K	USD	Annual
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.03K	USD	Annual
Net income (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-105.00	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-8.29K	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$215.29K	USD	Annual
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	Annual
Net income (loss) per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	Annual
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.69M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Shares issued for satisfaction of accounts payable and accrued liabilities	`IssuanceSharesOfCommonStockForSatisfactionOfAccountsPayableAndAccruedShares`	6.10M	shares	Annual
Shares issued for satisfaction of accounts payable and accrued liabilities	`IssuanceSharesOfCommonStockForSatisfactionOfAccountsPayableAndAccruedShares`	0.00	shares	Annual
Net loss	`NetIncomeLoss`	$-8.29K	USD	Annual
Net loss	`NetIncomeLoss`	$215.29K	USD	Annual
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.03K	USD	Annual
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-105.00	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$935.00	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$109.11K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.51K	USD	Annual
Impairment on intangible assets	`AssetImpairmentCharges`	$30.80K	USD	Annual
Merger expense - stock based	`MergerExpenseStockBased`	$2.89K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.11M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-974.39K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$394.57K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.64M	USD	Annual
Change in deposits	`IncreaseDecreaseInDeposits`	$-3.97K	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-424.30K	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.58M	USD	Annual
Change in customer card funding	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.11M	USD	Annual
Change in customer card funding	`IncreaseDecreaseInOtherCurrentLiabilities`	$974.39K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.92K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.33K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.99K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.93K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$160.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-199.31K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.99K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00	USD	Annual
Payments on notes payable-related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-5.00K	USD	Annual
Payments on notes payable-related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-8.58K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$13.70K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.03K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$39.31K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$21.61K	USD	Annual
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$2.90K	USD	Point-in-time
Cash, beginning of period	`Cash`	$42.21K	USD	Point-in-time
Cash, end of period	`Cash`	$63.83K	USD	Point-in-time
Cash, end of period	`Cash`	$2.90K	USD	Point-in-time
Cash, end of period	`Cash`	$42.21K	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	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Issuance of stock for accrued liabities	`IssuanceOfStockForAccruedLiabilities`	$60.00K	USD	Annual
Issuance of stock for accounts payable	`IssuanceOfStockForAccountsPayable`	$25.03K	USD	Annual
Net income (loss)	`ProfitLoss`	$215.19K	USD	Annual
Net income (loss)	`ProfitLoss`	$-15.32K	USD	Annual
Issuance of stock for cash $0.25 per share	`StockIssuedDuringPeriodValueNewIssues`	$250.00	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time

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