10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-004344`
Period End Date	20130930
Filing Date	20131114
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	tpnl-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 76 Cash Flow Statement 46 Stockholders Equity 8

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
Common stock shares issued	`CommonStockSharesIssued`	38.91M	shares	Point-in-time
Cash	`Cash`	$63.83K	USD	Point-in-time
Cash	`Cash`	$202.86K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	Point-in-time
Cash	`Cash`	$498.17K	USD	Point-in-time
Cash	`Cash`	$1.87M	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`	$5.43M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.05M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$58.22K	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
Accounts Receivable	`AccountsReceivableNetCurrent`	$81.33K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$16.05K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$141.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$112.36K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$108.94K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.90K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$326.62K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$446.38K	USD	Point-in-time
Total assets	`Assets`	$7.46M	USD	Point-in-time
Total assets	`Assets`	$6.69M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$847.57K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.05M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.43M	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$535.00K	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`	$6.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.97M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,936,106 and 38,911,606 issued and outstanding at September 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$38.94K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized,38,936,106 and 38,911,606 issued and outstanding at September 30, 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`	$-5.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.01M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-339.20K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-559.40K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$48.92K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$49.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-290.29K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.69M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.46M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.06M	USD	1 Quarter
Revenues	`Revenues`	$4.38M	USD	3 Qtrs
Revenues	`Revenues`	$4.66M	USD	3 Qtrs
Revenues	`Revenues`	$622.37K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.13M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$307.31K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$737.98K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$323.15K	USD	1 Quarter
Gross profit	`GrossProfit`	$315.06K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.09M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$44.53K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.87K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$191.55K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$390.03K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$958.84K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$488.68K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$989.71K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$400.82K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$207.20K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$533.21K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$257.83K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$560.38K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$107.86K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-77.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.87K	USD	3 Qtrs
Interest expense	`InterestExpense`	$44.32K	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.99K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$23.38K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.16M	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.99K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.11M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-44.32K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$7.13K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.67M	USD	3 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$114.99K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-92.66K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$213.52K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$-92.66K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$213.52K	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$1.67M	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$114.99K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-110.00	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$2.79K	USD	3 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$2.80K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-178.00	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-92.55K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.67M	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$112.19K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$213.70K	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
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 - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	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
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.95M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.97M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.82M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.93M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
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`	42.39M	shares	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$213.70K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$112.19K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-92.55K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-178.00	USD	3 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$2.79K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.53K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.87K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$122.96K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$19.25K	USD	3 Qtrs
Gain on extinguishment of debt-stock based	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt-stock based	`GainsLossesOnExtinguishmentOfDebt`	$23.38K	USD	1 Quarter
Gain on extinguishment of debt-stock based	`GainsLossesOnExtinguishmentOfDebt`	$1.16M	USD	3 Qtrs
Gain on extinguishment of debt-stock based	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$775.17K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-379.15K	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-18.27K	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-130.71K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.12K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$862.29K	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.48M	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.08M	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$379.15K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-775.17K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.22M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$341.34K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.14K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.97K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$118.42K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$122.08K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.05K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-190.56K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$3.00K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$11.75K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.75K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$139.03K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.37M	USD	3 Qtrs
Cash, beginning of period	`Cash`	$63.83K	USD	Point-in-time
Cash, beginning of period	`Cash`	$202.86K	USD	Point-in-time
Cash, beginning of period	`Cash`	$498.17K	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.87M	USD	Point-in-time
Cash, end of period	`Cash`	$63.83K	USD	Point-in-time
Cash, end of period	`Cash`	$202.86K	USD	Point-in-time
Cash, end of period	`Cash`	$498.17K	USD	Point-in-time
Cash, end of period	`Cash`	$1.87M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-290.29K	USD	Point-in-time
Beginning balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Net income	`ProfitLoss`	$1.67M	USD	3 Qtrs
Net income	`ProfitLoss`	$114.99K	USD	1 Quarter
Net income	`ProfitLoss`	$213.52K	USD	3 Qtrs
Net income	`ProfitLoss`	$-92.66K	USD	1 Quarter
Ending balance - amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-290.29K	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.