10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-001983`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	tpnl-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 52 Stockholders Equity 9

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`	$2.18M	USD	Point-in-time
Cash	`Cash`	$1.03M	USD	Point-in-time
Cash	`Cash`	$1.88M	USD	Point-in-time
Cash	`Cash`	$3.89M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.67M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.91M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.91M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.79M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.67M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$71.10K	USD	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	`PrepaidExpenseCurrent`	$214.50K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$176.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.77M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$206.93K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$199.33K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Investment	`Investments`	$330.78K	USD	Point-in-time
Investment	`Investments`	$44.11K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$760.65K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$721.61K	USD	Point-in-time
Total assets	`Assets`	$9.07M	USD	Point-in-time
Total assets	`Assets`	$12.96M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$435.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$680.16K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.79M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$5.35M	USD	Point-in-time
Stocks payable - related parties	`StocksPayableRelatedParties`	$680.00K	USD	Point-in-time
Stocks payable - related parties	`StocksPayableRelatedParties`	$680.00K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$700.44K	USD	Point-in-time
Notes payable- related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$185.13K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$325.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.65M	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`	$6.65M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 36,913,265 and 36,669,106 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$36.91K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 36,913,265 and 36,669,106 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$36.67K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.71M	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`	$-2.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.23M	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`	$2.36M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$47.70K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$57.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.07M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.41M	USD	1 Quarter
Revenues	`Revenues`	$1.60M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.05M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$478.41K	USD	1 Quarter
Gross profit	`GrossProfit`	$553.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.76K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$907.87K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$508.88K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$979.63K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$542.83K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-426.48K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-64.42K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.79K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.81K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.45K	USD	1 Quarter
Loss before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-80.23K	USD	1 Quarter
Loss before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-431.93K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss before noncontrolling interest	`ProfitLoss`	$-80.23K	USD	1 Quarter
Net loss before noncontrolling interest	`ProfitLoss`	$-431.93K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$9.87K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-157.00	USD	1 Quarter
Net loss attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-80.08K	USD	1 Quarter
Net loss attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-441.80K	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
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.83M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.94M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-80.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-441.80K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-157.00	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$9.87K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.76K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$39.71K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$45.16K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-2.45M	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.88M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.56K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-187.72K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-36.95K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-56.31K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$900.00	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$702.67K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-221.24K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.45M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-495.08K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$939.22K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.99K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.33K	USD	1 Quarter
Cash outlay on investment	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Cash outlay on investment	`PaymentsToAcquireInvestments`	$286.67K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$94.21K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$78.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-389.87K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-132.82K	USD	1 Quarter
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	$34.99K	USD	1 Quarter
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$14.24K	USD	1 Quarter
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$2.70K	USD	1 Quarter
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$700.44K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$120.92K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-821.36K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$46.53K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.71M	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$852.93K	USD	1 Quarter
Cash, beginning of period	`Cash`	$2.18M	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, beginning 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`	$1.88M	USD	Point-in-time
Cash, end of period	`Cash`	$2.18M	USD	Point-in-time
Cash, end of period	`Cash`	$3.89M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$7.25K	USD	1 Quarter
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$65.21K	USD	1 Quarter
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$2.69K	USD	1 Quarter
Net loss	`ProfitLoss`	$-80.23K	USD	1 Quarter
Net loss	`ProfitLoss`	$-431.93K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time

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