10-Q Filing

PAYSIGN, INC. CIK: 1496443 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001683168-21-003397`
Period End Date	20210630
Filing Date	20210811
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	paysign_i10q-063021_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 66 Cash Flow Statement 68 Stockholders Equity 32

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`Cash`	$7.63M	USD	Point-in-time
Cash	`Cash`	$6.62M	USD	Point-in-time
Cash	`Cash`	$7.83M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$65.76M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$39.92M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$48.10M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$654.86K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$947.95K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.38M	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
Total current assets	`AssetsCurrent`	$57.96M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$75.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.14M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.85M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	303,450.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.84M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$4.11M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$4.32M	USD	Point-in-time
Total assets	`Assets`	$67.83M	USD	Point-in-time
Total assets	`Assets`	$84.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.86M	USD	Point-in-time
Operating lease, current portion	`OperatingLeaseLiabilityCurrent`	$320.64K	USD	Point-in-time
Operating lease, current portion	`OperatingLeaseLiabilityCurrent`	$330.38K	USD	Point-in-time
Customer card funding	`ContractWithCustomerLiabilityCurrent`	$65.76M	USD	Point-in-time
Customer card funding	`ContractWithCustomerLiabilityCurrent`	$48.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.95M	USD	Point-in-time
Operating lease liability, long term portion	`OperatingLeaseLiabilityNoncurrent`	$3.85M	USD	Point-in-time
Operating lease liability, long term portion	`OperatingLeaseLiabilityNoncurrent`	$4.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$72.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.60M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.001 par value; 25,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.001 par value; 25,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 51,143,382 and 50,251,607 issued at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$51.14K	USD	Point-in-time
Common stock; $0.001 par value; 150,000,000 shares authorized, 51,143,382 and 50,251,607 issued at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$50.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.69M	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`	$-1.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$84.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.83M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.65M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.44M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.02M	USD	2 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.93M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$7.99M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$3.50M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$3.14M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$6.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.03M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.15M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.23M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.34M	USD	2 Qtrs
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	$-42.90K	USD	2 Qtrs
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	$-42.90K	USD	1 Quarter
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	-	USD	1 Quarter
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.21M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$614.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$506.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.28M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.55M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-646.16K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$745.09K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-936.18K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.57M	USD	2 Qtrs
Interest income, net	`InterestAndOtherIncome`	$5.01K	USD	1 Quarter
Interest income, net	`InterestAndOtherIncome`	$3.13K	USD	1 Quarter
Interest income, net	`InterestAndOtherIncome`	$65.29K	USD	2 Qtrs
Interest income, net	`InterestAndOtherIncome`	$12.11K	USD	2 Qtrs
Income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-643.03K	USD	1 Quarter
Income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$810.38K	USD	2 Qtrs
Income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.55M	USD	2 Qtrs
Income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-931.17K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-511.35K	USD	2 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$2.40K	USD	2 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-423.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-219.23K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.56M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-931.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.02M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.55M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.86M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.54M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.55M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.75M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-931.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.56M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-219.23K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.21M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$614.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$506.48K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.18M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.32M	USD	2 Qtrs
Amortization of lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$353.75K	USD	2 Qtrs
Amortization of lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$59.89K	USD	2 Qtrs
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	$-42.90K	USD	2 Qtrs
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	$-42.90K	USD	1 Quarter
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	-	USD	2 Qtrs
Loss on abandonment of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	-	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$499.70K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$293.10K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-228.35K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$85.80K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$366.50K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$687.30K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-259.62K	USD	2 Qtrs
Operating lease	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	2 Qtrs
Operating lease	`IncreaseDecreaseInOperatingLeaseLiability`	$-285.98K	USD	2 Qtrs
Customer card funding	`IncreaseDecreaseInContractWithCustomerLiability`	$1.12M	USD	2 Qtrs
Customer card funding	`IncreaseDecreaseInContractWithCustomerLiability`	$17.65M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.26M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.58M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$173.48K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.05M	USD	2 Qtrs
Capitalization of internally developed software	`PaymentsToDevelopSoftware`	$949.03K	USD	2 Qtrs
Capitalization of internally developed software	`PaymentsToDevelopSoftware`	$1.05M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$57.13K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$39.71K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.68K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$120.14K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$24.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$24.00K	USD	2 Qtrs
Repurchase of employee common stock for taxes withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Repurchase of employee common stock for taxes withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$245.43K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-221.43K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.14K	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$16.44M	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.98M	USD	2 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.37M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.57M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.55M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.93M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.55M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.93M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.57M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.37M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	$2.40K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.17K	USD	2 Qtrs
Operating lease right-of-use asset	`OperatingLeaseRightsofuseAsset`	$4.46M	USD	2 Qtrs
Operating lease right-of-use asset	`OperatingLeaseRightsofuseAsset`	-	USD	2 Qtrs
Issuance of stock for asset acquisition	`StockIssued1`	-	USD	2 Qtrs
Issuance of stock for asset acquisition	`StockIssued1`	$177.20K	USD	2 Qtrs
Dissolution of noncontrolling interest	`DissolutionOfNoncontrollingInterest`	-	USD	2 Qtrs
Dissolution of noncontrolling interest	`DissolutionOfNoncontrollingInterest`	$263.09K	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$12.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$13.24M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$11.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$21.90M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$21.59M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$19.30M	USD	Point-in-time
Issuance of stock for previously vested stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Issuance of stock for previously vested stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Issuance of stock for previously vested stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Issuance of stock for previously vested stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Repurchase of employee common stock for taxes withheld	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$245.43K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.68K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$110.47K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$24.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$636.21K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$600.77K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$724.18K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$540.92K	USD	1 Quarter
Issuance of stock for acquisition of contract assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$177.20K	USD	1 Quarter
Dissolution of Paysign, Ltd. Subsidiary	`StockholdersEquityChangeInReportingEntity`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-931.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.56M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$1.32M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-219.23K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$12.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$13.24M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$11.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$21.90M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$21.59M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$19.30M	USD	Point-in-time

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