10-Q/A Filing

PAYSIGN, INC. CIK: 1496443 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001019687-12-003123`
Period End Date	20120630
Filing Date	20120904
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	tpnl-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 76 Cash Flow Statement 48 Stockholders Equity 11

Balance Sheet 66 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`	$117.62K	USD	Point-in-time
Cash	`Cash`	$96.70K	USD	Point-in-time
Cash	`Cash`	$63.83K	USD	Point-in-time
Cash	`Cash`	$42.21K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.59M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.51M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.11M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.59M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Other receivables	`OtherReceivables`	$4.12K	USD	Point-in-time
Other receivables	`OtherReceivables`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.83M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$88.72K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$86.74K	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`	$249.99K	USD	Point-in-time
Total assets	`Assets`	$8.02M	USD	Point-in-time
Total assets	`Assets`	$7.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.45M	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`	$264.40K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.84M	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`	$8.84M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,585,891 and 35,250,391 issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$35.25K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,585,891 and 35,250,391 issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$38.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.50M	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`	$-6.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.83M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-879.31K	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`	$-2.91M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-821.94K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.02M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$665.03K	USD	1 Quarter
Revenues	`Revenues`	$4.03M	USD	2 Qtrs
Revenues	`Revenues`	$1.60M	USD	2 Qtrs
Revenues	`Revenues`	$2.55M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.26M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$1.18M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$432.17K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$778.53K	USD	2 Qtrs
Gross profit	`GrossProfit`	$419.44K	USD	2 Qtrs
Gross profit	`GrossProfit`	$232.86K	USD	1 Quarter
Gross profit	`GrossProfit`	$515.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.86K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.52K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.87K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$144.49K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$297.10K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$298.26K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$144.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$321.79K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$157.35K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$155.27K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$325.97K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$75.51K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$360.47K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$97.66K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$452.56K	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.54K	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.46K	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.71K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.86K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.14M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.14M	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-31.54K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$1.10M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.86K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.12M	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.12K	USD	2 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.48M	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.66K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.56M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$66.12K	USD	2 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$59.66K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$1.48M	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$1.56M	USD	2 Qtrs
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.00	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.00	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00	USD	2 Qtrs
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.00	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$66.02K	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.56M	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$59.64K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.04M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.79M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.83M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.25M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.25M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.33M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.64K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.02K	USD	2 Qtrs
Change in noncontrolling interest	`ChangeInNoncontrollingInterest`	$8.00	USD	2 Qtrs
Change in noncontrolling interest	`ChangeInNoncontrollingInterest`	$-99.00	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.87K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.52K	USD	2 Qtrs
Gain on extinguishment of debt- stock based	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	$-1.14M	USD	2 Qtrs
Gain on extinguishment of debt- stock based	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	$7.76K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.14M	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-64.58K	USD	2 Qtrs
Change in other receivables	`IncreaseDecreaseInOtherReceivables`	$-4.12K	USD	2 Qtrs
Change in other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.97K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-856.86K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.60M	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$577.68K	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.52M	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.14M	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$64.58K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$170.65K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$177.79K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.13K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.35K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$83.67K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$79.76K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.81K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.11K	USD	2 Qtrs
Proceeds from borrowings on notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from borrowings on notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$3.50K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$11.75K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.50K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.75K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$53.80K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$54.48K	USD	2 Qtrs
Cash, beginning of period	`Cash`	$117.62K	USD	Point-in-time
Cash, beginning of period	`Cash`	$96.70K	USD	Point-in-time
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$42.21K	USD	Point-in-time
Cash, end of period	`Cash`	$117.62K	USD	Point-in-time
Cash, end of period	`Cash`	$96.70K	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
Issuance of 3,335,500 shares of common stock and warrants in satisfaction of notes payable	`IssuanceOf3335500SharesOfCommonStockAndWarrantsInSatisfactionOfNotesPayable`	-	USD	2 Qtrs
Issuance of 3,335,500 shares of common stock and warrants in satisfaction of notes payable	`IssuanceOf3335500SharesOfCommonStockAndWarrantsInSatisfactionOfNotesPayable`	$1.73M	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-821.94K	USD	Point-in-time
Issuance of stock on May 18, 2012 for debt conversion at .09 share, Amount	`IssuanceOfStockOnMay182012ForDebtConversionAt.09ShareAmount`	$300.19K	USD	2 Qtrs
Issuance of stock warrants for 1,834,525 shares of common stock for settlement of debt	`IssuanceOfStockWarrantsFor1834525SharesOfCommonStockForSettlementOfDebt`	$127.33K	USD	2 Qtrs
Issuance of stock warrants for 1,500,975 shares of common stock for settlement of debt	`IssuanceOfStockWarrantsFor1500975SharesOfCommonStockForSettlementOfDebt`	$104.17K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$1.48M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.56M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$59.66K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$66.12K	USD	2 Qtrs
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-821.94K	USD	Point-in-time

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