10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-001295`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	tpnl-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 7

Balance Sheet 52 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`	43.67M	shares	Point-in-time
Cash	`Cash`	$2.17M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.67M	shares	Point-in-time
Cash	`Cash`	$2.75M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$16.32M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$14.42M	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`	$164.70K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$165.52K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$572.79K	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$986.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.90M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$854.92K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$854.40K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.64M	USD	Point-in-time
Total assets	`Assets`	$20.40M	USD	Point-in-time
Total assets	`Assets`	$22.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$537.96K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$14.42M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$16.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.86M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,670,765 and 43,670,765 issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$43.67K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 43,670,765 and 43,670,765 issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$43.67K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.16M	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`	$-1.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$5.04M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$5.59M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-200.12K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-202.01K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	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`	$22.25M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.68M	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`	$2.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$246.04K	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`	$1.58M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.03M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.83M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$337.80K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$418.05K	USD	1 Quarter
Other income (expense)	`OtherIncome`	$-7.40K	USD	1 Quarter
Other income (expense)	`OtherIncome`	$20.10K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$20.10K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.40K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$410.65K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$357.90K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$354.90K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$410.65K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-14.50K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-1.90K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$369.39K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$412.55K	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 - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.67M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.19M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.16M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.65M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income attritubutable to 3Pea International Inc.	`NetIncomeLoss`	$412.55K	USD	1 Quarter
Net income attritubutable to 3Pea International Inc.	`NetIncomeLoss`	$369.39K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-1.90K	USD	1 Quarter
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-14.50K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$246.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$215.27K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$137.40K	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`	$-823.00	USD	1 Quarter
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$414.18K	USD	1 Quarter
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$59.64K	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDeposits`	$1.00K	USD	1 Quarter
Change in deposits	`IncreaseDecreaseInDeposits`	$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`	$-607.12K	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.91M	USD	1 Quarter
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$1.27M	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	1 Quarter
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.47M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.21K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.41K	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$299.32K	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$193.69K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-244.10K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-352.53K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-152.06K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.33M	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`	$18.49M	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`	$17.16M	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`	$17.16M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.49M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.71M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$15.04K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$3.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$137.40K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$354.90K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$410.65K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	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.