10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-003985`
Period End Date	20120930
Filing Date	20121113
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	tpnl-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 76 Cash Flow Statement 51 Stockholders Equity 15

Balance Sheet 62 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`	$202.86K	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`	38.86M	shares	Point-in-time
Cash	`Cash`	$63.83K	USD	Point-in-time
Cash	`Cash`	$47.26K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.86M	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`	$4.74M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$388.03K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$13.75K	USD	Point-in-time
Other receivables	`OtherReceivables`	-	USD	Point-in-time
Other receivables	`OtherReceivables`	$8.49K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.35M	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`	$118.66K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$287.87K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$171.78K	USD	Point-in-time
Total assets	`Assets`	$5.76M	USD	Point-in-time
Total assets	`Assets`	$7.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$904.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$4.74M	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`	$244.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.01M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,860,891 and 35,250,391 issued and outstanding at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$38.86K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,860,891 and 35,250,391 issued and outstanding at September 30, 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`	$5.54M	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`	$-6.16M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-734.32K	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`	$60.17K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-674.15K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.76M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.88M	USD	3 Qtrs
Revenues	`Revenues`	$4.66M	USD	3 Qtrs
Revenues	`Revenues`	$622.37K	USD	1 Quarter
Revenues	`Revenues`	$278.01K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.27M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$90.05K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$307.31K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.09M	USD	3 Qtrs
Gross profit	`GrossProfit`	$187.96K	USD	1 Quarter
Gross profit	`GrossProfit`	$315.06K	USD	1 Quarter
Gross profit	`GrossProfit`	$607.40K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.53K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.60K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$488.68K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$191.55K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$129.61K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$421.79K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$140.21K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$455.92K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$533.21K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$207.20K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$151.48K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$107.86K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$560.38K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$47.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.99K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.87K	USD	3 Qtrs
Interest expense	`InterestExpense`	$47.64K	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.16M	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$23.38K	USD	1 Quarter
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`	$7.13K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.11M	USD	3 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$103.84K	USD	3 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.76K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$114.99K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.67M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$31.76K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$103.84K	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$114.99K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$1.67M	USD	3 Qtrs
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.00	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-102.00	USD	3 Qtrs
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.80K	USD	1 Quarter
Net (loss) attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.79K	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.67M	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$31.77K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$103.94K	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$112.19K	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.05	USD	3 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.82M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.97M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.82M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.97M	shares	3 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	3 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$112.19K	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.94K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.77K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.67M	USD	3 Qtrs
Change in noncontrolling interest	`ChangeInNoncontrollingInterest`	$2.79K	USD	3 Qtrs
Change in noncontrolling interest	`ChangeInNoncontrollingInterest`	$-102.00	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.53K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.13K	USD	3 Qtrs
Merger expense-stock based	`OtherNonoperatingExpense`	$935.00	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$19.25K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	$-1.14M	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	-	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$775.17K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$42.42K	USD	3 Qtrs
Change in other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Change in other receivables	`IncreaseDecreaseInOtherReceivables`	$-8.49K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.78K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$862.29K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.58M	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.10M	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.55M	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-42.42K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-775.17K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$169.06K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$341.34K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.14K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.13K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$122.88K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$118.42K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.01K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-190.56K	USD	3 Qtrs
Proceeds from borrowings on notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from borrowings on notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$11.75K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.75K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$5.05K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$139.03K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$202.86K	USD	Point-in-time
Cash, beginning of period	`Cash`	$42.21K	USD	Point-in-time
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$47.26K	USD	Point-in-time
Cash, end of period	`Cash`	$202.86K	USD	Point-in-time
Cash, end 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`	$47.26K	USD	Point-in-time
Issuance of 3,335,500 shares of common stock and warrants in satisfaction of notes payable	`IssuanceOf3335500SharesOfCommonStockAndWarrantsInSatisfactionOfNotesPayable`	-	USD	3 Qtrs
Issuance of 3,335,500 shares of common stock and warrants in satisfaction of notes payable	`IssuanceOf3335500SharesOfCommonStockAndWarrantsInSatisfactionOfNotesPayable`	$1.73M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-674.15K	USD	Point-in-time
Issuance of stock for debt conversion - amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$135.09K	USD	3 Qtrs
Issuance of stock for debt conversion 2 - amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities2`	$165.11K	USD	3 Qtrs
Issuance of stock warrants for shares of common stock for settlement of debt	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$127.33K	USD	3 Qtrs
Issuance of stock warrants for shares of common stock for settlement of debt 2	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued2`	$104.17K	USD	3 Qtrs
Issuance of stock for signing bonus - amount	`StockIssuedDuringPeriodValueOther`	$18.00K	USD	3 Qtrs
Issuance of stock for consulting - amount	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	3 Qtrs
Issuance of warrants for consulting	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.50K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$114.99K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.67M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$103.84K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$31.76K	USD	1 Quarter
Ending balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Ending balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-674.15K	USD	Point-in-time

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