10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-001254`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tpnl-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 7

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`	$1.43M	USD	Point-in-time
Cash	`Cash`	$1.63M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$11.27M	USD	Point-in-time
Cash Restricted	`RestrictedCash`	$10.00M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.19M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.19M	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`	$110.27K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$106.61K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$330.28K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$270.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.02M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$326.61K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$300.76K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Total assets	`Assets`	$13.87M	USD	Point-in-time
Total assets	`Assets`	$15.03M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$765.60K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$651.04K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$10.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$11.27M	USD	Point-in-time
Legal settlement payable, current portion	`LitigationReserveCurrent`	$254.90K	USD	Point-in-time
Legal settlement payable, current portion	`LitigationReserveCurrent`	-	USD	Point-in-time
Stocks payable	`StocksPayableCurrent`	$71.59K	USD	Point-in-time
Stocks payable	`StocksPayableCurrent`	$71.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$124.17K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.00M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$27.89K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$27.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.25M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,185,765 and 43,185,765 issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.19K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,185,765 and 43,185,765 issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.73M	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`	$-3.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.43M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$3.24M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$2.82M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-209.18K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-194.69K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.03M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.18M	USD	1 Quarter
Revenues	`Revenues`	$3.20M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$1.83M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$1.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$888.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$123.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$215.27K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$814.28K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$713.89K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$837.53K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$337.80K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$51.15K	USD	1 Quarter
Other income	`OtherIncome`	$3.83K	USD	1 Quarter
Other income	`OtherIncome`	$20.10K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$15.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.72K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$20.10K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$357.90K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.43K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$354.90K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$39.43K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-42.51K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-14.50K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$369.39K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$81.94K	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
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.19M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.68M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.16M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.68M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$81.94K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$369.39K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-14.50K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-42.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$123.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$215.27K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$15.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$52.00K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.65K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$203.14K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$97.15K	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$59.64K	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-1.00K	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$1.00K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-114.56K	USD	1 Quarter
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$91.08K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.27M	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$610.09K	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$247.19K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$331.26K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.13K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.41K	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$181.52K	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$193.69K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-244.10K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-186.65K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.94K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.94K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-152.06K	USD	1 Quarter
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$138.68K	USD	1 Quarter
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.07M	USD	1 Quarter
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.71M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.59M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.45M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.63M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.45M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.63M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.59M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.71M	USD	Point-in-time
Interest paid	`InterestPaid`	$15.04K	USD	1 Quarter
Interest paid	`InterestPaid`	$15.56K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.03M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$354.90K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$39.43K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.03M	USD	Point-in-time

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