10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-002032`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	tpnl-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 56 Stockholders Equity 11

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`	$1.40M	USD	Point-in-time
Cash	`Cash`	$1.63M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.41M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$10.00M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.41M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$11.64M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.27K	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`	$118.53K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$528.83K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$270.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.02M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$649.14K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$300.76K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	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`	$15.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$680.71K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$765.60K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$10.00M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$11.64M	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	-	USD	Point-in-time
Legal settlement payable - current portion	`LitigationReserveCurrent`	$254.90K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$124.17K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.32M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$27.89K	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`	$12.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.18M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,410,765 and 43,185,765 issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.19K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,410,765 and 43,185,765 issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.73M	USD	Point-in-time
Treasury stock at cost, 303,450 shares at June 30,2017 and December 31, 2016	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 shares at June 30,2017 and December 31, 2016	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.80M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$2.82M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$3.80M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-222.72K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-194.69K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.90M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.62M	USD	2 Qtrs
Revenues	`Revenues`	$2.38M	USD	1 Quarter
Revenues	`Revenues`	$4.56M	USD	2 Qtrs
Revenues	`Revenues`	$3.42M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$1.24M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$2.54M	USD	2 Qtrs
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$1.86M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$3.69M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.02M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$234.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.27K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$133.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$256.99K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$682.90K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$928.59K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.74M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$2.19M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$816.25K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.65M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$737.43K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$399.63K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$366.62K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$315.47K	USD	1 Quarter
Other income	`OtherIncome`	$5.90K	USD	1 Quarter
Other income	`OtherIncome`	$5.91K	USD	2 Qtrs
Other income	`OtherIncome`	$2.08K	USD	1 Quarter
Other income	`OtherIncome`	$26.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.62K	USD	2 Qtrs
Interest expense	`InterestExpense`	$22.71K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.27K	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.62K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-32.35K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.63K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-25.72K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-20.63K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$373.91K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$334.27K	USD	2 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$731.81K	USD	2 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$294.84K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$370.91K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$725.81K	USD	2 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$294.84K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$334.27K	USD	2 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-83.35K	USD	2 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-13.53K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-28.03K	USD	2 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-40.84K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$417.62K	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$384.44K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$753.84K	USD	2 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$335.68K	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$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`	$0.01	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.22M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.26M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.79M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.91M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.98M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.19M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.15M	shares	2 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.10M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$335.68K	USD	1 Quarter
Net income	`NetIncomeLoss`	$753.84K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$384.44K	USD	1 Quarter
Net income	`NetIncomeLoss`	$417.62K	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-83.35K	USD	2 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-28.03K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.27K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$133.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$256.99K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$234.41K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$102.91K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$26.82K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.26K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.63K	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$258.20K	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$65.43K	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-84.88K	USD	2 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$177.41K	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.64M	USD	2 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$3.29M	USD	2 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$496.23K	USD	2 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.48M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.31M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$398.89K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$399.93K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$361.38K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-798.82K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-403.38K	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$31.60K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$50.00K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$91.49K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-59.89K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-102.06K	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.01M	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.41M	USD	2 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.47M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	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`	$11.47M	USD	Point-in-time
Interest paid	`InterestPaid`	$38.27K	USD	2 Qtrs
Interest paid	`InterestPaid`	$46.66K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$13.20K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	-	USD	2 Qtrs
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	$115.23K	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$4.29K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$98.61K	USD	2 Qtrs
Warrant conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$294.84K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$334.27K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$725.81K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$370.91K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58M	USD	Point-in-time

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