10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001683168-18-000758`
Period End Date	20171231
Filing Date	20180326
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	tpnl-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 52 Stockholders Equity 15

Balance Sheet 61 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`	$2.75M	USD	Point-in-time
Cash	`Cash`	$1.63M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.67M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$14.42M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.19M	shares	Point-in-time
Cash Restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$165.52K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.27K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$270.63K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$572.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.90M	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`	$854.40K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.64M	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`	$20.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$765.60K	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$14.42M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$10.00M	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`	$15.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.15M	USD	Point-in-time
Notes Payable	`LongTermDebtNoncurrent`	$27.89K	USD	Point-in-time
Notes Payable	`LongTermDebtNoncurrent`	-	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`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.18M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,670,765 and 43,185,765 issued and outstanding at December 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, 43,670,765 and 43,185,765 issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.67K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.16M	USD	Point-in-time
Treasury stock at cost, 303,450 and 303,450 shares, December 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 and 303,450 shares, December 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01M	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`	$5.04M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-200.12K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-194.69K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.87M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$15.23M	USD	Annual
Revenues	`Revenues`	$10.42M	USD	Annual
Cost of revenues	`CostOfRevenue`	$5.88M	USD	Annual
Cost of revenues	`CostOfRevenue`	$8.53M	USD	Annual
Gross profit	`GrossProfit`	$4.54M	USD	Annual
Gross profit	`GrossProfit`	$6.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$572.32K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$876.19K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.61M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.06M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$4.93M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$3.18M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.36M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.77M	USD	Annual
Other income	`OtherIncome`	$55.54K	USD	Annual
Other income	`OtherIncome`	$16.15K	USD	Annual
Interest expense	`InterestExpense`	$77.11K	USD	Annual
Interest expense	`InterestExpense`	$31.62K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$23.92K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-60.96K	USD	Annual
Income before noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.30M	USD	Annual
Income before noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.79M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$1.30M	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$1.79M	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-5.43K	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-103.15K	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.40M	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.79M	USD	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	USD	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.03	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.40M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.88M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.87M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.93M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.79M	USD	Annual
Net income	`NetIncomeLoss`	$1.40M	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-103.15K	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-5.43K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$308.70K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$92.94K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$572.32K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$876.19K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$93.53K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.25K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.41K	USD	Annual
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$302.15K	USD	Annual
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	Annual
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$415.51K	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$379.49K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$2.94M	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$4.41M	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$999.76K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.15M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$707.22K	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`	$812.12K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-887.01K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.52M	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from borrowing	`ProceedsFromNotesPayable`	$44.75K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$50.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$182.02K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.06K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.26K	USD	Annual
Net change in cash and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.53M	USD	Annual
Net change in cash and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.18M	USD	Annual
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.63M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.16M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.45M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.16M	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
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
Interest paid	`InterestPaidNet`	$77.11K	USD	Annual
Interest paid	`InterestPaidNet`	$46.66K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$16.20K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$12.88K	USD	Annual
Exercise of stock warrant, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	Annual
Issuance of stock for stock based compensation, value	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$91.80K	USD	Annual
Issuance of stock and warrant for accrued liabilities, value	`IssuanceOfStockAndWarrantForAccruedLiabilitiesValue`	$95.59K	USD	Annual
Issuance of stock for accrued liabilities, value	`IssuanceOfStockForAccruedLiabilitiesValue`	$51.75K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$204.01K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$71.59K	USD	Annual
Net income (loss)	`ProfitLoss`	$1.30M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.79M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time

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