10-K Filing

PAYSIGN, INC. CIK: 1496443 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001683168-19-000607`
Period End Date	20181231
Filing Date	20190312
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	tpnl-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 38 Cash Flow Statement 44 Stockholders Equity 15

Balance Sheet 51 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
Common stock shares issued	`CommonStockSharesIssued`	46.44M	shares	Point-in-time
Cash	`Cash`	$2.75M	USD	Point-in-time
Cash	`Cash`	$5.62M	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$26.05M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	46.44M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$14.42M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$165.52K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$337.30K	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
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Prepaid Expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$578.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.91M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$854.40K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$883.49K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.12M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.64M	USD	Point-in-time
Total assets	`Assets`	$36.18M	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`	$1.33M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$14.42M	USD	Point-in-time
Customer card funding	`CustomerDepositsCurrent`	$25.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.29M	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 46,440,765 and 43,670,765 issued and outstanding at December 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, 46,440,765 and 43,670,765 issued and outstanding at December 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$46.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.62M	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, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Treasury stock at cost, 303,450 and 303,450 shares, December 31, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$579.58K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.01M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$9.10M	USD	Point-in-time
Total 3Pea International, Inc.'s stockholders' equity	`StockholdersEquity`	$5.04M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-206.93K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-200.12K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.40M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$23.42M	USD	Annual
Revenues	`Revenues`	$15.23M	USD	Annual
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$12.03M	USD	Annual
Cost of revenues (excluding depreciation and amortization)	`CostOfRevenue`	$8.53M	USD	Annual
Gross profit	`GrossProfit`	$11.40M	USD	Annual
Gross profit	`GrossProfit`	$6.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.09M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$876.19K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.06M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.84M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$8.92M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$4.93M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.77M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.47M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$16.32K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-31.12K	USD	Annual
Interest	`InterestIncomeExpenseNet`	$7.60K	USD	Annual
Interest	`InterestIncomeExpenseNet`	$139.74K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$108.61K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$23.92K	USD	Annual
Income before noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.79M	USD	Annual
Income before noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.58M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$1.79M	USD	Annual
Net income before noncontrolling interest	`ProfitLoss`	$2.58M	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-6.81K	USD	Annual
Net loss attributable to the noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-5.43K	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$2.59M	USD	Annual
Net income attributable to 3Pea International, Inc.	`NetIncomeLoss`	$1.79M	USD	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.06	USD	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.04	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	Annual
Net income per common share - fully diluted	`EarningsPerShareDiluted`	$0.05	USD	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.48M	shares	Annual
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.40M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.04M	shares	Annual
Weighted average common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.35M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.79M	USD	Annual
Net income	`NetIncomeLoss`	$2.59M	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-6.81K	USD	Annual
Change in noncontrolling interest	`MinorityInterestPeriodIncreaseDecrease`	$-5.43K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.37M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$308.70K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.09M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$876.19K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$171.78K	USD	Annual
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.25K	USD	Annual
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$596.90K	USD	Annual
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$302.15K	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$182.41K	USD	Annual
Change in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$379.49K	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$11.54M	USD	Annual
Change in customer card funding	`IncreaseDecreaseInCustomerDeposits`	$4.41M	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Change in legal settlement payable	`GainLossRelatedToLitigationSettlement`	$254.90K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.15M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$257.06K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$707.22K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$812.12K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.34M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.52M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$50.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$100.00K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$152.06K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.06K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	Annual
Net change in cash and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.50M	USD	Annual
Net change in cash and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.53M	USD	Annual
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.67M	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`	$11.63M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.67M	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`	$11.63M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$46.66K	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$16.20K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$7.50K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.89M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70M	USD	Point-in-time
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.14K	USD	Annual
Issuance of stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$12.88K	USD	Annual
Exercise of stock warrant, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	Annual
Exercise of stock warrant, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	Annual
Issuance of stock for stock based compensation, value	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$91.80K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$204.01K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.22M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.79M	USD	Annual
Net income (loss)	`ProfitLoss`	$2.58M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.89M	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.