10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001019687-16-005668`
Period End Date	20151231
Filing Date	20160330
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	tpnl-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 42 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 68 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`	$1.39M	USD	Point-in-time
Cash	`Cash`	$3.89M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	42.51M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.67M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.79M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	42.51M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.06M	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`	$16.74K	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	`PrepaidExpenseAndOtherAssetsCurrent`	$254.22K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$214.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.98M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$271.97K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$206.93K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$765.72K	USD	Point-in-time
Total assets	`Assets`	$10.26M	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`	$465.32K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.79M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.06M	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	-	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	$915.48K	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	$125.99K	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	$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`	$174.10K	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`	$8.74M	USD	Point-in-time
Legal settlement payable-long-term portion	`LitigationReserveNoncurrent`	$339.18K	USD	Point-in-time
Legal settlement payable-long-term portion	`LitigationReserveNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$339.18K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$9.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.18M	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, 42,510,765 and 36,669,106 issued and outstanding at December 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$36.67K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 42,510,765 and 36,669,106 issued and outstanding at December 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$42.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.58M	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`	$-5.20M	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`	$1.27M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-91.54K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$47.70K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	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`	$10.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$8.11M	USD	Annual
Revenues	`Revenues`	$10.29M	USD	Annual
Cost of revenues	`CostOfRevenue`	$4.65M	USD	Annual
Cost of revenues	`CostOfRevenue`	$4.02M	USD	Annual
Gross profit	`GrossProfit`	$4.09M	USD	Annual
Gross profit	`GrossProfit`	$5.64M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$362.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$171.59K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.73M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.72M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$2.89M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$4.10M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$2.75M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-8.87K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	Annual
Other expenses	`OtherExpenses`	-	USD	Annual
Other expenses	`OtherExpenses`	$6.36K	USD	Annual
Legal settlement	`LitigationSettlementExpense`	$2.50M	USD	Annual
Legal settlement	`LitigationSettlementExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$141.51K	USD	Annual
Interest expense	`InterestExpense`	$45.68K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.54M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-141.51K	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.61M	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.55M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income (loss) before noncontrolling interest	`ProfitLoss`	$2.61M	USD	Annual
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-2.55M	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-444.00	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-139.24K	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-2.41M	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$2.61M	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.06	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.07	USD	Annual
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	$0.06	USD	Annual
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.81M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.64M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.41M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.41M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.61M	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-444.00	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-139.24K	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$600.64K	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$202.55K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$171.59K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.71K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-728.31K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$886.58K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-69.92K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-291.06K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-13.35K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$44.72K	USD	Annual
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-445.00	USD	Annual
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-900.00	USD	Annual
Change in accounts payable, accrued liabilities and stocks payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-130.59K	USD	Annual
Change in accounts payable, accrued liabilities and stocks payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-604.59K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$-728.31K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$886.58K	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$-1.25M	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Change in stock payable	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Change in stock payable	`IncreaseDecreaseInOtherCurrentLiabilities`	$125.99K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-719.50K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.08M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$138.33K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$140.85K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$787.85K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$387.06K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-926.18K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-527.91K	USD	Annual
Proceeds from borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$668.44K	USD	Annual
Proceeds from borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	$149.45K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$501.00K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$700.44K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$11.78K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$151.35K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$305.11K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-851.79K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$-2.50M	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$2.86M	USD	Annual
Cash, beginning of period	`Cash`	$1.03M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.39M	USD	Point-in-time
Cash, beginning of period	`Cash`	$3.89M	USD	Point-in-time
Cash, end of period	`Cash`	$1.39M	USD	Point-in-time
Cash, end of period	`Cash`	$1.03M	USD	Point-in-time
Cash, end of period	`Cash`	$3.89M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	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`	$680.00K	USD	Annual
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 services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$202.55K	USD	Annual
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$65.21K	USD	Annual
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$2.70K	USD	Annual
Net income (loss)	`ProfitLoss`	$2.61M	USD	Annual
Net income (loss)	`ProfitLoss`	$-2.55M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	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.