10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001019687-13-001141`
Period End Date	20121231
Filing Date	20130401
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	tpnl-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 36 Cash Flow Statement 40 Stockholders Equity 13

Balance Sheet 61 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
Common stock shares issued	`CommonStockSharesIssued`	35.25M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.91M	shares	Point-in-time
Cash	`Cash`	$42.21K	USD	Point-in-time
Cash	`Cash`	$1.87M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	35.25M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.05M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.91M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.51M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$81.33K	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$16.05K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.02M	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`	$108.94K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$326.62K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$171.78K	USD	Point-in-time
Total assets	`Assets`	$7.46M	USD	Point-in-time
Total assets	`Assets`	$7.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.51M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.05M	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
Notes payable	`NotesPayableCurrent`	$1.94M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$169.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.97M	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,38,911,606 and 35,250,391 issued and outstanding at December 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,38,911,606 and 35,250,391 issued and outstanding at December 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$38.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.56M	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`	$-6.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.83M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-559.40K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-2.97M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$49.10K	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`	$-3.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.46M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.70M	USD	Annual
Revenues	`Revenues`	$3.30M	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.43M	USD	Annual
Cost of revenues	`CostOfRevenue`	$5.31M	USD	Annual
Gross profit	`GrossProfit`	$1.40M	USD	Annual
Gross profit	`GrossProfit`	$870.09K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$43.51K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$59.25K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$547.69K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$760.93K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$591.20K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$820.18K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$574.85K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$278.89K	USD	Annual
Interest expense	`InterestExpense`	$62.16K	USD	Annual
Interest expense	`InterestExpense`	$63.70K	USD	Annual
Gain on forgiveness of debts	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of debts	`GainsLossesOnExtinguishmentOfDebt`	$1.30M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$1.23M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-63.70K	USD	Annual
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.81M	USD	Annual
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$215.19K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$1.81M	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$215.19K	USD	Annual
Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-105.00	USD	Annual
Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.29K	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.82M	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$215.29K	USD	Annual
Net income per common share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net income per common share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$0.05	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.53M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.25M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.57M	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.82M	USD	Annual
Net income	`NetIncomeLoss`	$215.29K	USD	Annual
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.29K	USD	Annual
Change in noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-105.00	USD	Annual
Stock based expenses	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$935.00	USD	Annual
Stock based expenses	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$85.38K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.25K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.51K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.30M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$463.79K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.11M	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.17M	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$394.57K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-8.53K	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`	$240.93K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-463.79K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.11M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.06M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.92K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.37K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.93K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$160.38K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$157.95K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-234.32K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-199.31K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$11.75K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$5.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.75K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$21.61K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$1.81M	USD	Annual
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`	$1.87M	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`	$1.87M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Issuance of stock and warrants for debt conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$558.70K	USD	Annual
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$15.00K	USD	Annual
Issuance of stock for signing bonus, value	`StockIssuedDuringPeriodValueOther`	$18.00K	USD	Annual
Issuance of stock related to share exchange, value	`IssuanceOfStockRelatedToShareExchangeValue`	$212.00	USD	Annual
Issuance of stock related to share exchange, value	`IssuanceOfStockRelatedToShareExchangeValue`	$935.00	USD	Annual
Net income (loss)	`ProfitLoss`	$215.19K	USD	Annual
Net income (loss)	`ProfitLoss`	$1.81M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.91M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time

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