10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-002938`
Period End Date	20170930
Filing Date	20171113
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	tpnl-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 56 Stockholders Equity 12

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`	$1.92M	USD	Point-in-time
Cash	`Cash`	$1.63M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.66M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$10.00M	USD	Point-in-time
Cash Restricted	`RestrictedCash`	$12.50M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.66M	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
Accounts Receivable	`AccountsReceivableNetCurrent`	$183.52K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.27K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$521.89K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$270.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.12M	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`	$852.14K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Total assets	`Assets`	$17.50M	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`	$806.45K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$12.50M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$10.00M	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
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`	$13.30M	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`	$27.89K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$13.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.18M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,660,765 and 43,185,765 issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.66K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,660,765 and 43,185,765 issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.09M	USD	Point-in-time
Treasury stock at cost, 303,450 shares at September 30, 2017 and December 31, 2016	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 shares at September 30, 2017 and December 31, 2016	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.80M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$2.89M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$4.43M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-194.69K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-235.93K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.87M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.81M	USD	1 Quarter
Revenues	`Revenues`	$10.62M	USD	3 Qtrs
Revenues	`Revenues`	$7.37M	USD	3 Qtrs
Revenues	`Revenues`	$4.00M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$5.83M	USD	3 Qtrs
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$4.06M	USD	3 Qtrs
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$2.15M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$1.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.79M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.31M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$276.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$149.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$725.40K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$406.33K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$660.56K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.05M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.85M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.38M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.46M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$3.57M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$809.90K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$475.56K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$846.80K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$480.18K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.21M	USD	3 Qtrs
Other income	`OtherIncome`	$4.99K	USD	1 Quarter
Other income	`OtherIncome`	$40.40K	USD	3 Qtrs
Other income	`OtherIncome`	$10.90K	USD	3 Qtrs
Other income	`OtherIncome`	$14.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.75K	USD	3 Qtrs
Interest expense	`InterestExpense`	$31.62K	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.48K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-15.50K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$14.40K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-47.85K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$8.77K	USD	3 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.22M	USD	3 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$464.68K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$798.95K	USD	3 Qtrs
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$489.95K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$798.95K	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$1.21M	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$464.68K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$486.95K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-99.10K	USD	3 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-15.75K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-13.21K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-41.24K	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$480.43K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$500.17K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$898.05K	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.03	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.02	USD	3 Qtrs
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 - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	3 Qtrs
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.03	USD	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.31M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.84M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.47M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.95M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.38M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.14M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.54M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.99M	shares	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$898.05K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$500.17K	USD	1 Quarter
Net income	`NetIncomeLoss`	$480.43K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-99.10K	USD	3 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-41.24K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$149.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$725.40K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$406.33K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$276.53K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$238.04K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$40.09K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$73.25K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$93.53K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$-4.03K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$251.26K	USD	3 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	3 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$237.51K	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$40.86K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$2.50M	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.73M	USD	3 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	3 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$746.95K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.37M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.13M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.11K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$649.26K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$601.53K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$551.45K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-603.56K	USD	3 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	$29.05K	USD	3 Qtrs
Proceeds from borrowing on note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$50.00K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$126.31K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.06K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-97.25K	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.78M	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.67M	USD	3 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.45M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.42M	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`	$10.12M	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`	$14.42M	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`	$10.12M	USD	Point-in-time
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	-	USD	3 Qtrs
Transfer of accrued interest from accrued liabilities to notes payable	`TransferOfAccruedInterestFromAccruedLiabilitiesToNotesPayable`	$115.23K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$46.66K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$58.75K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$16.20K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$12.88K	USD	3 Qtrs
Stock issued for employee bonus, value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$84.40K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$140.76K	USD	3 Qtrs
Exercise of Warrants, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$464.68K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$486.95K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.21M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$798.95K	USD	3 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time

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