10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-003015`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	tpnl-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 56 Stockholders Equity 12

Balance Sheet 60 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`	$686.88K	USD	Point-in-time
Cash	`Cash`	$2.82M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	41.93M	shares	Point-in-time
Cash	`Cash`	$1.03M	USD	Point-in-time
Cash	`Cash`	$3.89M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.67M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.69M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.67M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.79M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	41.93M	shares	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`	$86.66K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$25.33K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$214.50K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseCurrent`	$175.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.98M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$206.93K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$223.07K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$765.72K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.02M	USD	Point-in-time
Total assets	`Assets`	$12.96M	USD	Point-in-time
Total assets	`Assets`	$8.96M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$680.16K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$512.90K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$4.69M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.79M	USD	Point-in-time
Stocks payable - related parties	`StocksPayableRelatedParties`	$680.00K	USD	Point-in-time
Stocks payable - related parties	`StocksPayableRelatedParties`	-	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`	$181.60K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$325.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.39M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 41,925,765 and 36,669,106 issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$36.67K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 41,925,765 and 36,669,106 issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$41.93K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.63M	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`	$-2.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79M	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`	$3.56M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$15.12K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$47.70K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.31M	USD	1 Quarter
Revenues	`Revenues`	$1.23M	USD	1 Quarter
Revenues	`Revenues`	$3.64M	USD	2 Qtrs
Revenues	`Revenues`	$3.91M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$2.03M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$703.22K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$980.61K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$529.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.88M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$74.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.57K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$146.06K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.69M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$580.53K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.09M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$786.80K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.84M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$616.16K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.16M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$861.10K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-86.26K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$469.51K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-150.68K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$43.03K	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$16.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.18K	USD	2 Qtrs
Interest expense	`InterestExpense`	$32.06K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.40K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-9.85K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.40K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.24K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-32.06K	USD	2 Qtrs
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`	$33.18K	USD	2 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-182.74K	USD	2 Qtrs
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$465.11K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$465.11K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-102.51K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-182.74K	USD	2 Qtrs
Net income (loss) before noncontrolling interest	`ProfitLoss`	$33.18K	USD	2 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$242.00	USD	2 Qtrs
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$84.00	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$42.45K	USD	1 Quarter
Net (income) loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$32.58K	USD	2 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-182.50K	USD	2 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$507.56K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$65.76K	USD	2 Qtrs
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-102.42K	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.98M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.95M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.96M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.91M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.11M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.18M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-102.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$65.76K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$507.56K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-182.50K	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-32.58K	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-241.00	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.57K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$146.06K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$74.30K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$101.44K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$78.04K	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.10M	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-942.13K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-61.33K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.91K	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-36.96K	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-445.00	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-350.95K	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-177.01K	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-477.14K	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.10M	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInOtherOperatingCapitalNet`	$942.13K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$190.62K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-186.79K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.25K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.87K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$364.49K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$141.25K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-215.12K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-415.74K	USD	2 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from borrowing on note payable - related party	`ProceedsFromRelatedPartyDebt`	$40.36K	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$26.56K	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$700.44K	USD	2 Qtrs
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$143.85K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.37K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$61.55K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-844.29K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-340.36K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.07M	USD	2 Qtrs
Cash, beginning of period	`Cash`	$3.89M	USD	Point-in-time
Cash, beginning of period	`Cash`	$686.88K	USD	Point-in-time
Cash, beginning of period	`Cash`	$2.82M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.03M	USD	Point-in-time
Cash, end of period	`Cash`	$2.82M	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
Cash, end of period	`Cash`	$3.89M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.57M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$7.25K	USD	2 Qtrs
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$65.21K	USD	2 Qtrs
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$5.38K	USD	2 Qtrs
Issuance of stock for accrued stock payable, value	`IssuanceOfStockForAccruedStockPayableValue`	$680.00K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-182.74K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$33.18K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-102.51K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$465.11K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.57M	USD	Point-in-time

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