10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001683168-17-000670`
Period End Date	20161231
Filing Date	20170327
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	tpnl-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 42 Cash Flow Statement 54 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
Common stock shares issued	`CommonStockSharesIssued`	42.51M	shares	Point-in-time
Cash	`Cash`	$1.39M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Cash	`Cash`	$3.89M	USD	Point-in-time
Cash	`Cash`	$1.63M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	42.51M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$16.74K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.27K	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`	$270.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.02M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$300.76K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$271.97K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$3.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Total assets	`Assets`	$10.26M	USD	Point-in-time
Total assets	`Assets`	$13.87M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$765.60K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$465.32K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$10.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$7.06M	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	$915.48K	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	$254.90K	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	$125.99K	USD	Point-in-time
Stocks payable - related parties	`DueToRelatedPartiesCurrent`	$71.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$124.17K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$174.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.74M	USD	Point-in-time
Notes Payable	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Notes Payable	`LongTermDebtNoncurrent`	$27.89K	USD	Point-in-time
Legal settlement payable-long-term portion	`LitigationReserveNoncurrent`	-	USD	Point-in-time
Legal settlement payable-long-term portion	`LitigationReserveNoncurrent`	$339.18K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$339.18K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$27.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.25M	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, 43,185,765 and 42,510,765 issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$43.19K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,185,765 and 42,510,765 issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$42.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.73M	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`	$-3.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.20M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$1.27M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$2.82M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-194.69K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-91.54K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.87M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.42M	USD	Annual
Revenues	`Revenues`	$8.11M	USD	Annual
Cost of revenues	`CostOfRevenue`	$4.02M	USD	Annual
Cost of revenues	`CostOfRevenue`	$5.20M	USD	Annual
Gross profit	`GrossProfit`	$5.22M	USD	Annual
Gross profit	`GrossProfit`	$4.09M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$362.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$572.32K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.73M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.29M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$3.86M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$4.10M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$1.36M	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	`OtherNonoperatingIncomeExpense`	$16.15K	USD	Annual
Other expenses	`OtherNonoperatingIncomeExpense`	$-6.36K	USD	Annual
Legal settlement	`LitigationSettlementExpense`	$2.50M	USD	Annual
Legal settlement	`LitigationSettlementExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$77.11K	USD	Annual
Interest expense	`InterestExpense`	$45.68K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-60.96K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.54M	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.55M	USD	Annual
Income (loss) before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.30M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-2.55M	USD	Annual
Net income (loss) before noncontrolling interest	`ProfitLoss`	$1.30M	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-103.15K	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-139.24K	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.40M	USD	Annual
Net income (loss) attributable to 3Pea International, Inc.	`NetIncomeLoss`	$-2.41M	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.03	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.06	USD	Annual
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	$0.03	USD	Annual
Net income (loss) per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.88M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.64M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.87M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.40M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.41M	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-103.15K	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-139.24K	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$202.55K	USD	Annual
Stock based expenses	`ShareBasedCompensation`	$92.94K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.71K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$572.32K	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`	$2.94M	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$93.53K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-69.92K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$44.72K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.41K	USD	Annual
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	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`	$415.50K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$-728.31K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$2.94M	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$-1.25M	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$999.76K	USD	Annual
Change in stock payable	`IncreaseDecreaseInOtherCurrentLiabilities`	$125.99K	USD	Annual
Change in stock payable	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.27M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-719.50K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$138.33K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.86K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$777.14K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$787.85K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-926.18K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-887.01K	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	$44.75K	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	-	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	$700.44K	USD	Annual
Payments on notes payable-related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$151.35K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$182.02K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-137.26K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-851.79K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$-2.50M	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$242.45K	USD	Annual
Cash, beginning of period	`Cash`	$1.39M	USD	Point-in-time
Cash, beginning of period	`Cash`	$3.89M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.63M	USD	Point-in-time
Cash, end of period	`Cash`	$1.39M	USD	Point-in-time
Cash, end of period	`Cash`	$3.89M	USD	Point-in-time
Cash, end of period	`Cash`	$1.63M	USD	Point-in-time
Issuance of common stock for satisfaction of stocks payable	`StockIssued1`	$54.40K	USD	Annual
Issuance of common stock for satisfaction of stocks payable	`StockIssued1`	-	USD	Annual
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	-	USD	Annual
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	$115.23K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$202.55K	USD	Annual
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$95.59K	USD	Annual
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$65.21K	USD	Annual
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$51.75K	USD	Annual
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$2.70K	USD	Annual
Issuance of stock for accrued stock payable, value	`IssuanceOfStockForAccruedStockPayableValue`	$680.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$-2.55M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.30M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.78M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time

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