10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-006227`
Period End Date	20160331
Filing Date	20160512
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tpnl-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 40 Cash Flow Statement 50 Stockholders Equity 7

Balance Sheet 64 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
Common stock shares issued	`CommonStockSharesIssued`	42.51M	shares	Point-in-time
Cash	`Cash`	$3.89M	USD	Point-in-time
Cash	`Cash`	$1.39M	USD	Point-in-time
Cash	`Cash`	$918.08K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	42.51M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.67M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$219.88K	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`	$16.74K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$351.37K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$254.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.72M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$271.97K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$257.25K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.34M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Total assets	`Assets`	$10.77M	USD	Point-in-time
Total assets	`Assets`	$10.26M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$465.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$556.40K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.06M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.67M	USD	Point-in-time
Legal settlement payable, current portion	`LitigationReserveCurrent`	$915.48K	USD	Point-in-time
Legal settlement payable, current portion	`LitigationReserveCurrent`	$922.36K	USD	Point-in-time
Stocks payable	`StocksPayableCurrent`	$113.29K	USD	Point-in-time
Stocks payable	`StocksPayableCurrent`	$125.99K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$168.16K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$174.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.43M	USD	Point-in-time
Legal settlement payable, long-term portion	`LitigationReserveNoncurrent`	$85.11K	USD	Point-in-time
Legal settlement payable, long-term portion	`LitigationReserveNoncurrent`	$339.18K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$85.11K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$339.18K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.08M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 42,723,265 and 42,510,765 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$42.51K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 42,723,265 and 42,510,765 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$42.72K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.61M	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`	$-5.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.12M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$1.38M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$1.27M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-134.05K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-91.54K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.26M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.18M	USD	1 Quarter
Revenues	`Revenues`	$1.60M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.05M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$553.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$123.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.76K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$831.50K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$907.87K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$979.63K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$955.13K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-426.48K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$51.15K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$11.34K	USD	1 Quarter
Other income	`OtherIncome`	$3.83K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$15.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.79K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.72K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.45K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-431.93K	USD	1 Quarter
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.43K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$39.43K	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-431.93K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$9.87K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-42.51K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$81.94K	USD	1 Quarter
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-441.80K	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	1 Quarter
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`	42.68M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.83M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.68M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$81.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-441.80K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$9.87K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-42.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$123.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.76K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$45.16K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$15.50K	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`	$610.09K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$203.14K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.56K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-36.95K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$97.15K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.00K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-221.24K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$91.08K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$610.09K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$-2.45M	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$247.19K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-278.83K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-495.08K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.13K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.99K	USD	1 Quarter
Cash outlay on investment	`PaymentsToAcquireInvestments`	$286.67K	USD	1 Quarter
Cash outlay on investment	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$181.52K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$94.21K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-186.65K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-389.87K	USD	1 Quarter
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$700.44K	USD	1 Quarter
Payments in notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$120.92K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.94K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-821.36K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.94K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-471.41K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-1.71M	USD	1 Quarter
Cash, beginning of period	`Cash`	$2.18M	USD	Point-in-time
Cash, beginning of period	`Cash`	$3.89M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.39M	USD	Point-in-time
Cash, beginning of period	`Cash`	$918.08K	USD	Point-in-time
Cash, end of period	`Cash`	$1.39M	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
Cash, end of period	`Cash`	$918.08K	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25M	USD	Point-in-time
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$28.20K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$39.43K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-431.93K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25M	USD	Point-in-time

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