10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001019687-15-001085`
Period End Date	20141231
Filing Date	20150325
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	tpnl-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 12

Balance Sheet 62 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`	$3.89M	USD	Point-in-time
Cash	`Cash`	$1.03M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.67M	shares	Point-in-time
Cash	`Cash`	$1.87M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	38.94M	shares	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`	$7.79M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.67M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$391.61K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$86.66K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$218.95K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$214.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.98M	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`	$206.93K	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`	$765.72K	USD	Point-in-time
Total assets	`Assets`	$9.16M	USD	Point-in-time
Total assets	`Assets`	$12.96M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$680.16K	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`	$7.79M	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	$680.00K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$533.00K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$700.44K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$325.45K	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`	$10.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.06M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 36,669,000 and 38,936,106 issued and outstanding at December 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$36.67K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 36,669,000 and 38,936,106 issued and outstanding at December 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`	$5.63M	USD	Point-in-time
Treasury stock at cost, 303,450 and 303,450 shares, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 and 303,450 shares, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.40M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$2.73M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$58.78K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$47.70K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$48.15K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.29M	USD	Annual
Revenues	`Revenues`	$6.31M	USD	Annual
Cost of revenues	`CostOfRevenue`	$4.10M	USD	Annual
Cost of revenues	`CostOfRevenue`	$4.65M	USD	Annual
Gross profit	`GrossProfit`	$2.20M	USD	Annual
Gross profit	`GrossProfit`	$5.64M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$171.59K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$58.01K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.48M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.72M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$2.89M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$1.53M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$669.82K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.75M	USD	Annual
Interest expense	`InterestExpense`	$59.08K	USD	Annual
Interest expense	`InterestExpense`	$141.51K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-141.51K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-59.08K	USD	Annual
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.61M	USD	Annual
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$610.73K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$610.73K	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$2.61M	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-444.00	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-950.00	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$2.61M	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$611.68K	USD	Annual
net income per common share - basic	`EarningsPerShareBasic`	$0.02	USD	Annual
net income per common share - basic	`EarningsPerShareBasic`	$0.07	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.06	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.93M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.81M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.39M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.41M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$611.68K	USD	Annual
Net income	`NetIncomeLoss`	$2.61M	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-444.00	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-950.00	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$180.25K	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$600.64K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$171.59K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.01K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.85M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$886.58K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-291.06K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$310.28K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-13.35K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$209.25K	USD	Annual
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-445.00	USD	Annual
Change in accounts payable, accrued liabilities and stocks payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-604.59K	USD	Annual
Change in accounts payable, accrued liabilities and stocks payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-949.75K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.85M	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$886.58K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-620.27K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.08M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$140.85K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.33K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$186.45K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$387.06K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-527.91K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-238.78K	USD	Annual
Proceeds from borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$668.44K	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	$18.38K	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	$149.45K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$5.00K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$501.00K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$11.78K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.38K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$305.11K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$-845.67K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$2.86M	USD	Annual
Cash, beginning of period	`Cash`	$3.89M	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`	$3.89M	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

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time
Issuance of stock for accrued stock payable, value	`IssuanceOfStockForAccruedStockPayableValue`	$31.57K	USD	Annual
Issuance of stock warrants for shares as a loan fee	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$30.64K	USD	Annual
Issuance of stock for signing bonus, value	`IssuanceOfStockForSigningBonusValue`	$6.47K	USD	Annual
Cancellation of shares, value	`CancellationOfSharesValue`	$-1.00	USD	Annual
Net income (loss)	`ProfitLoss`	$610.73K	USD	Annual
Net income (loss)	`ProfitLoss`	$2.61M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-510.30K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$106.93K	USD	Point-in-time

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