10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-001799`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	tpnl-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 32 Cash Flow Statement 35 Stockholders Equity 6

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
Cash	`Cash`	$63.83K	USD	Point-in-time
Cash	`Cash`	$83.92K	USD	Point-in-time
Cash	`Cash`	$98.83K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Cash	`Cash`	$42.21K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.51M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.30M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.19M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$98.01K	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`	$171.78K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$206.50K	USD	Point-in-time
Total assets	`Assets`	$7.49M	USD	Point-in-time
Total assets	`Assets`	$7.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.06M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.78M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$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`	$1.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.33M	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`	$10.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.33M	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 35,250,391 issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$35.25K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 35,250,391 and 35,250,391 issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$35.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	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`	$-7.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.75M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-2.89M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-2.97M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$57.38K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$57.38K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.83M	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`	$7.49M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.48M	USD	1 Quarter
Revenues	`Revenues`	$937.57K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.22M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$750.99K	USD	1 Quarter
Gross profit	`GrossProfit`	$186.58K	USD	1 Quarter
Gross profit	`GrossProfit`	$262.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.83K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.70K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$153.73K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$152.73K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$170.56K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$164.43K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$92.23K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$22.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.80K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-15.84K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-15.80K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$76.39K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.36K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$6.36K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$76.39K	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.00	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-84.00	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$76.39K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$6.44K	USD	1 Quarter
Net income per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$76.39K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.44K	USD	1 Quarter
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.00	USD	1 Quarter
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-84.00	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.83K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.70K	USD	1 Quarter
Merger expense - stock based	`NoncashMergerRelatedCosts`	$7.76K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.46M	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$267.02K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.97K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-54.38K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.58M	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.53M	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.55K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.46M	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-267.02K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$74.66K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.35K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.35K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$32.95K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$35.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.95K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.84K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$8.50K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.50K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$35.01K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$41.70K	USD	1 Quarter
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$83.92K	USD	Point-in-time
Cash, beginning of period	`Cash`	$98.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$42.21K	USD	Point-in-time
Cash, end of period	`Cash`	$83.92K	USD	Point-in-time
Cash, end of period	`Cash`	$98.83K	USD	Point-in-time
Cash, end of period	`Cash`	$63.83K	USD	Point-in-time
Cash, end of period	`Cash`	$42.21K	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.83M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Net income	`ProfitLoss`	$76.39K	USD	1 Quarter
Net income	`ProfitLoss`	$6.36K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.83M	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.