10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-004221`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	tpnl-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 72 Cash Flow Statement 48 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
Cash	`Cash`	$498.17K	USD	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
Cash	`Cash`	$705.77K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	39.04M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.39M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	38.94M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	39.04M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.91M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$74.16K	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`	$391.61K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$205.94K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$218.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.54M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$121.08K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$217.52K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.90K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$495.25K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$679.58K	USD	Point-in-time
Total assets	`Assets`	$9.16M	USD	Point-in-time
Total assets	`Assets`	$8.27M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$6.91M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$6.39M	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`	$211.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.30M	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 September 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 September 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`	$-5.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.40M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity (deficit)	`StockholdersEquity`	$-77.64K	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity (deficit)	`StockholdersEquity`	$58.78K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$48.15K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$47.75K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.89K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$8.27M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$9.16M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.06M	USD	1 Quarter
Revenues	`Revenues`	$5.35M	USD	3 Qtrs
Revenues	`Revenues`	$4.38M	USD	3 Qtrs
Revenues	`Revenues`	$1.71M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.08M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.71M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$737.98K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.13M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$627.32K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.64M	USD	3 Qtrs
Gross profit	`GrossProfit`	$323.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.66K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.23K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.87K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.63M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$543.41K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$390.03K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$958.84K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.74M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$580.07K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$400.82K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$989.71K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$257.83K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$47.25K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-77.67K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-103.43K	USD	3 Qtrs
Interest expense	`InterestExpense`	$44.32K	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$48.39K	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.99K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.99K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.33K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-44.32K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-48.39K	USD	3 Qtrs
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`	$30.92K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-151.82K	USD	3 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$213.52K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$213.52K	USD	3 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-92.66K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-151.82K	USD	3 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$30.92K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$156.00	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$397.00	USD	3 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$178.00	USD	3 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$110.00	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-92.55K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$31.08K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$213.70K	USD	3 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-151.42K	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.93M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.95M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.98M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.96M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.42M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$213.70K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-151.42K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-92.55K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-178.00	USD	3 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-397.00	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.87K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$106.23K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$133.33K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$122.96K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$379.15K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-520.26K	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$130.71K	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-9.26K	USD	3 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-445.00	USD	3 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-317.45K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.12K	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.48M	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-407.76K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$520.26K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-379.15K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.13K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.22M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.97K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$134.83K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$252.17K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$122.08K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-387.00K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-154.05K	USD	3 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	$40.36K	USD	3 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$26.56K	USD	3 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$-3.00K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$8.52K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.00K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$58.40K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-321.46K	USD	3 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.37M	USD	3 Qtrs
Cash, beginning of period	`Cash`	$705.77K	USD	Point-in-time
Cash, beginning of period	`Cash`	$498.17K	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, end of period	`Cash`	$1.03M	USD	Point-in-time
Cash, end of period	`Cash`	$1.87M	USD	Point-in-time
Cash, end of period	`Cash`	$498.17K	USD	Point-in-time
Cash, end of period	`Cash`	$705.77K	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.89K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Net loss	`ProfitLoss`	$213.52K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-92.66K	USD	1 Quarter
Net loss	`ProfitLoss`	$-151.82K	USD	3 Qtrs
Net loss	`ProfitLoss`	$30.92K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-29.89K	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.