10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-003074`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	tpnl-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 9

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`	$1.03M	USD	Point-in-time
Cash	`Cash`	$1.87M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	39.04M	shares	Point-in-time
Cash	`Cash`	$865.63K	USD	Point-in-time
Cash	`Cash`	$686.88K	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.91M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.94M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	39.04M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$40.66K	USD	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`	$242.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.93M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$170.43K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$121.08K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.90K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$591.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$495.25K	USD	Point-in-time
Total assets	`Assets`	$7.70M	USD	Point-in-time
Total assets	`Assets`	$9.16M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.96M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$6.91M	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$533.00K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$567.99K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$187.78K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$214.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.06M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 39,036,106 and 38,936,106 issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$39.04K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 39,036,106 and 38,936,106 issued and outstanding at June 30, 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`	$5.59M	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`	$-5.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.40M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$58.78K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' deficit	`StockholdersEquity`	$-108.72K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$47.91K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$48.15K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-60.81K	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`	$7.70M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.32M	USD	2 Qtrs
Revenues	`Revenues`	$1.23M	USD	1 Quarter
Revenues	`Revenues`	$3.64M	USD	2 Qtrs
Revenues	`Revenues`	$1.20M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$799.56K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.63M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$703.22K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.39M	USD	2 Qtrs
Gross profit	`GrossProfit`	$924.39K	USD	2 Qtrs
Gross profit	`GrossProfit`	$529.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$404.83K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.08K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.57K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.09M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$300.20K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$568.81K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$580.53K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$588.89K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$310.10K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$616.16K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.16M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$335.50K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$94.72K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-86.26K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-150.68K	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.94K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$32.06K	USD	2 Qtrs
Interest expense	`InterestExpense`	$29.33K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.24K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.94K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-32.06K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-29.33K	USD	2 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$306.18K	USD	2 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.78K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-102.51K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-182.74K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-102.51K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$306.18K	USD	2 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-182.74K	USD	2 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$79.78K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-242.00	USD	2 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-60.00	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-67.00	USD	2 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-84.00	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-102.42K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$79.84K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-182.50K	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$306.24K	USD	2 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	2 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`	$0.01	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.95M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.04M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.59M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.96M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-102.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.84K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-182.50K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$306.24K	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-241.00	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-67.00	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.57K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.08K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$78.04K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$83.25K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-44.58K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-942.13K	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$69.63K	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$25.91K	USD	2 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-445.00	USD	2 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-350.95K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.86K	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.20M	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-477.14K	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$44.58K	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$942.13K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-896.56K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-186.79K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.87K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.67K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$141.25K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$91.05K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-110.72K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-215.12K	USD	2 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	$40.36K	USD	2 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$26.56K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.37K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$61.55K	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-340.36K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.01M	USD	2 Qtrs
Cash, beginning of period	`Cash`	$686.88K	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.03M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.87M	USD	Point-in-time
Cash, beginning of period	`Cash`	$865.63K	USD	Point-in-time
Cash, end of period	`Cash`	$1.87M	USD	Point-in-time
Cash, end of period	`Cash`	$865.63K	USD	Point-in-time
Cash, end of period	`Cash`	$1.03M	USD	Point-in-time
Cash, end of period	`Cash`	$686.88K	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-60.81K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Issuance of stock related stock payable, amount	`IssuanceOfStockRelatedStockPayableAmount`	$15.00K	USD	2 Qtrs
Net income	`ProfitLoss`	$-102.51K	USD	1 Quarter
Net income	`ProfitLoss`	$306.18K	USD	2 Qtrs
Net income	`ProfitLoss`	$-182.74K	USD	2 Qtrs
Net income	`ProfitLoss`	$79.78K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-60.81K	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.