10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-001853`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	tpnl-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 40 Stockholders Equity 6

Balance Sheet 58 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`	$1.87M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	Point-in-time
Cash	`Cash`	$63.83K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.91M	shares	Point-in-time
Cash	`Cash`	$1.77M	USD	Point-in-time
Cash	`Cash`	$98.83K	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.05M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.91M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.94M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.31M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$81.33K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$53.77K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$16.05K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$55.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.19M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$118.21K	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`	$370.08K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$326.62K	USD	Point-in-time
Total assets	`Assets`	$7.46M	USD	Point-in-time
Total assets	`Assets`	$6.68M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.94M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$4.31M	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
Notes payable	`NotesPayableCurrent`	$169.40K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$169.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.96M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,936,606 and 38,911,606 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$38.94K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,936,606 and 38,911,606 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$38.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.56M	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`	$-5.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.01M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-326.50K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-559.40K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$49.09K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$49.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-277.41K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.46M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.68M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.48M	USD	1 Quarter
Revenues	`Revenues`	$2.11M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.22M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$519.57K	USD	1 Quarter
Gross profit	`GrossProfit`	$262.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.83K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$268.60K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$153.73K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$278.79K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$170.56K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$240.78K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$92.23K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.38K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.38K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.84K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$226.40K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$76.39K	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`	$226.40K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$76.39K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-7.00	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-5.00	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$76.39K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$226.41K	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.25M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.93M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.25M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$226.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.39K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-7.00	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-5.00	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.83K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.68K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$738.55K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$267.02K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.97K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-39.45K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-54.38K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.57K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-305.88K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.55K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-267.02K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-738.55K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.50K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.35K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.35K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.69K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$35.49K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$44.22K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.84K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.91K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$8.50K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.50K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-100.41K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$35.01K	USD	1 Quarter
Cash, beginning of period	`Cash`	$98.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.87M	USD	Point-in-time
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.77M	USD	Point-in-time
Cash, end of period	`Cash`	$63.83K	USD	Point-in-time
Cash, end of period	`Cash`	$1.77M	USD	Point-in-time
Cash, end of period	`Cash`	$1.87M	USD	Point-in-time
Cash, end of period	`Cash`	$98.83K	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-277.41K	USD	Point-in-time
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Net income	`ProfitLoss`	$226.40K	USD	1 Quarter
Net income	`ProfitLoss`	$76.39K	USD	1 Quarter
Ending balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-277.41K	USD	Point-in-time
Ending balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time

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