10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-001867`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	tpnl-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 46 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`	$1.77M	USD	Point-in-time
Cash	`Cash`	$1.87M	USD	Point-in-time
Cash	`Cash`	$1.03M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	Point-in-time
Cash	`Cash`	$1.88M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.94M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.91M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.94M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$203.90K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$391.61K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$218.95K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$161.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.54M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$163.94K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$121.08K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.80K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.90K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$495.25K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$551.26K	USD	Point-in-time
Total assets	`Assets`	$9.16M	USD	Point-in-time
Total assets	`Assets`	$7.99M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.02M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$6.91M	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$567.99K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$533.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$199.32K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$187.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.06M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 38,936,606 and 38,936,606 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$38.94K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 38,936,606 and 38,936,606 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$38.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.57M	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`	$-5.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.48M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-21.29K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$58.78K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$48.15K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$47.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.70K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$9.16M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.99M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.41M	USD	1 Quarter
Revenues	`Revenues`	$2.11M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.59M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$478.41K	USD	1 Quarter
Gross profit	`GrossProfit`	$519.57K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.95K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$268.60K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$508.88K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$278.79K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$542.83K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$240.78K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-64.42K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.38K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.81K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.81K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.38K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$226.40K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-80.23K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$226.40K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-80.23K	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`	$-157.00	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$226.41K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-80.08K	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`	$0.01	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.93M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.94M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$226.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-80.08K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-157.00	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-7.00	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.18K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$43.71K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$39.71K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.88M	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-738.55K	USD	1 Quarter
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-56.31K	USD	1 Quarter
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$39.45K	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$900.00	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-27.57K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-187.72K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-305.91K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$702.67K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$738.55K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$939.22K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-37.50K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.69K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.33K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$78.49K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$44.22K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-62.91K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-132.82K	USD	1 Quarter
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	$34.99K	USD	1 Quarter
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$14.24K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$2.70K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$46.53K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$852.93K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-100.41K	USD	1 Quarter
Cash, beginning of period	`Cash`	$1.77M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.87M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.03M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.88M	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`	$1.03M	USD	Point-in-time
Cash, end of period	`Cash`	$1.88M	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.70K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Net income	`ProfitLoss`	$226.40K	USD	1 Quarter
Net income	`ProfitLoss`	$-80.23K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.70K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time

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