10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-003354`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	tpnl-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 78 Cash Flow Statement 54 Stockholders Equity 19

Balance Sheet 54 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`	44.10M	shares	Point-in-time
Cash	`Cash`	$4.30M	USD	Point-in-time
Cash	`Cash`	$2.75M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	43.67M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$14.42M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	44.10M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Cash Restricted	`RestrictedCash`	$20.44M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$390.96K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	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`	$1.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.23M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$854.40K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$907.03K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.55K	USD	Point-in-time
Deposits	`DepositsAssets`	$5.55K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.64M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.99M	USD	Point-in-time
Total assets	`Assets`	$29.13M	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`	$1.05M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$20.44M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$14.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.56M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 44,100,765 and 43,670,765 issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$43.67K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 44,100,765 and 43,670,765 issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$44.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.16M	USD	Point-in-time
Treasury stock at cost, 303,450 shares at September 30, 2018 and December 31, 2017	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 shares at September 30, 2018 and December 31, 2017	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.05K	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`	$7.84M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-200.12K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-203.25K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.40M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$16.56M	USD	3 Qtrs
Revenues	`Revenues`	$10.62M	USD	3 Qtrs
Revenues	`Revenues`	$6.42M	USD	1 Quarter
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`	$2.15M	USD	1 Quarter
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$8.65M	USD	3 Qtrs
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$3.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.79M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$276.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$284.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$779.80K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$725.40K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.24M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.00M	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`	$3.57M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$6.02M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$2.28M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$475.56K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.88M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.21M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$763.56K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$14.40K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$40.40K	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$36.68K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$62.30K	USD	3 Qtrs
Interest expense	`InterestExpense`	$31.62K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$62.30K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$8.77K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$14.40K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$36.68K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$800.25K	USD	1 Quarter
Income before provision for income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$489.95K	USD	1 Quarter
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`	$1.95M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.12K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$410.65K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$731.39K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$486.95K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$1.21M	USD	3 Qtrs
Net income before noncontrolling interest	`ProfitLoss`	$800.25K	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$1.94M	USD	3 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-41.24K	USD	3 Qtrs
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-617.00	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-13.21K	USD	1 Quarter
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-3.13K	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.95M	USD	3 Qtrs
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$500.17K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$800.86K	USD	1 Quarter
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	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	1 Quarter
Net income per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.04	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
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.47M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.37M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.47M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.31M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.54M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.67M	shares	1 Quarter
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.57M	shares	3 Qtrs
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.38M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$500.17K	USD	1 Quarter
Net income	`NetIncomeLoss`	$800.86K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-41.24K	USD	3 Qtrs
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-3.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$284.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$779.80K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$725.40K	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`	$755.50K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$73.25K	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$225.44K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$251.26K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$530.62K	USD	3 Qtrs
Change in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.00K	USD	3 Qtrs
Change in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$40.86K	USD	3 Qtrs
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-92.64K	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$6.02M	USD	3 Qtrs
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$2.50M	USD	3 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	3 Qtrs
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.65M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.13M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$217.73K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$649.26K	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$960.90K	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$601.53K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.18M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$50.00K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$100.00K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.06K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$7.57M	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.78M	USD	3 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.16M	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`	$24.74M	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`	$24.74M	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`	$17.16M	USD	Point-in-time
Issuance of stock for future services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$277.91K	USD	3 Qtrs
Issuance of stock for future services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$46.66K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$16.20K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$3.12K	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.64M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.33M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	USD	Point-in-time
Stock warrant exercised, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	1 Quarter
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$60.19K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$137.40K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$345.73K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$212.18K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$410.65K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.94M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$800.25K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$731.39K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$486.95K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.21M	USD	3 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.33M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.64M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.39M	USD	Point-in-time

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