$PAYD
Paid Inc Stock $payd

$payd Overview Financials Valuation SEC Filings Company Website

2012 Q2 Form 10-Q Financial Statement

#000101765512000034 Filed on August 09, 2012

Income Statement

Concept	2012 Q2	2011 Q2
Revenue	$2.287M	$1.675M
YoY Change	36.56%	40.19%
Cost Of Revenue	$1.654M	$1.083M
YoY Change	52.72%	63.03%
Gross Profit	$632.9K	$591.6K
YoY Change	6.98%	11.58%
Gross Profit Margin	27.68%	35.33%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.00K	$10.00K
YoY Change	100.0%
% of Gross Profit	3.16%	1.69%
Operating Expenses	$1.916M	$1.402M
YoY Change	36.62%	5.01%
Operating Profit	-$1.283M	-$810.7K
YoY Change	58.25%	0.69%
Interest Expense	$1.800K	$800.00
YoY Change	125.0%
% of Operating Profit
Other Income/Expense, Net	-$359.6K	$0.00
YoY Change
Pretax Income	-$1.643M	-$811.4K
YoY Change	102.43%	0.78%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$1.643M	-$811.4K
YoY Change	102.43%	0.78%
Net Earnings / Revenue	-71.83%	-48.46%
Basic Earnings Per Share	-$0.01	$0.00
Diluted Earnings Per Share	-$2.563M	-$1.397M
COMMON SHARES
Basic Shares Outstanding	311.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2012 Q2	2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$310.0K	$480.0K
YoY Change	-35.42%	-82.61%
Cash & Equivalents	$153.3K	$479.3K
Short-Term Investments	$150.0K
Other Short-Term Assets	$2.210M	$1.250M
YoY Change	76.8%	-23.31%
Inventory	$1.061M	$998.6K
Prepaid Expenses	$577.1K	$233.6K
Receivables	$433.4K	$197.6K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$4.008M	$2.926M
YoY Change	36.99%	-50.82%
LONG-TERM ASSETS
Property, Plant & Equipment	$264.5K	$95.89K
YoY Change	175.85%	91.77%
Goodwill
YoY Change
Intangibles	$6.600K	$7.537K
YoY Change	-12.43%
Long-Term Investments
YoY Change
Other Assets	$1.240M
YoY Change
Total Long-Term Assets	$1.509M	$103.4K
YoY Change	1358.68%	72.37%
TOTAL ASSETS
Total Short-Term Assets	$4.008M	$2.926M
Total Long-Term Assets	$1.509M	$103.4K
Total Assets	$5.517M	$3.029M
YoY Change	82.11%	-49.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$830.0K	$330.0K
YoY Change	151.52%	0.0%
Accrued Expenses	$1.710M	$500.0K
YoY Change	242.0%	-9.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$30.00K	$10.00K
YoY Change	200.0%
Total Short-Term Liabilities	$3.107M	$1.288M
YoY Change	141.2%	-64.71%
LONG-TERM LIABILITIES
Long-Term Debt	$60.00K	$30.00K
YoY Change	100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$60.00K	$30.00K
YoY Change	100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.107M	$1.288M
Total Long-Term Liabilities	$60.00K	$30.00K
Total Liabilities	$3.170M	$1.320M
YoY Change	140.15%	-63.84%
SHAREHOLDERS EQUITY
Retained Earnings	-$49.48M	-$44.67M
YoY Change	10.78%
Common Stock	$324.2K	$291.0K
YoY Change	11.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.349M	$1.713M
YoY Change
Total Liabilities & Shareholders Equity	$5.517M	$3.029M
YoY Change	82.11%	-49.6%

Cashflow Statement

Concept	2012 Q2	2011 Q2
OPERATING ACTIVITIES
Net Income	-$1.643M	-$811.4K
YoY Change	102.43%	0.78%
Depreciation, Depletion And Amortization	$20.00K	$10.00K
YoY Change	100.0%
Cash From Operating Activities	-$580.0K	$110.0K
YoY Change	-627.27%	-93.96%
INVESTING ACTIVITIES
Capital Expenditures	-$40.00K	-$10.00K
YoY Change	300.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$40.00K	-$10.00K
YoY Change	300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-10.00K	0.000
YoY Change		-100.0%
NET CHANGE
Cash From Operating Activities	-580.0K	110.0K
Cash From Investing Activities	-40.00K	-10.00K
Cash From Financing Activities	-10.00K	0.000
Net Change In Cash	-630.0K	100.0K
YoY Change	-730.0%	-94.62%
FREE CASH FLOW
Cash From Operating Activities	-$580.0K	$110.0K
Capital Expenditures	-$40.00K	-$10.00K
Free Cash Flow	-$540.0K	$120.0K
YoY Change	-550.0%	-93.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1711600	USD
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1332500	USD
CY2012Q2	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	826500	USD
CY2011Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	491400	USD
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	194300	USD
CY2012Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	433400	USD
CY2012Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1711600	USD
CY2011Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1332500	USD
CY2012Q2	us-gaap	Accrued Professional Fees Current And Noncurrent AccruedProfessionalFeesCurrentAndNoncurrent	79200	USD
CY2011Q4	us-gaap	Accrued Professional Fees Current And Noncurrent AccruedProfessionalFeesCurrentAndNoncurrent	51200	USD
CY2012Q2	us-gaap	Accrued Royalties Current And Noncurrent AccruedRoyaltiesCurrentAndNoncurrent	263700	USD
CY2011Q4	us-gaap	Accrued Royalties Current And Noncurrent AccruedRoyaltiesCurrentAndNoncurrent	587300	USD
CY2011Q4	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	41600	USD
CY2012Q2	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	99400	USD
CY2012Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	51509000	USD
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	49273300	USD
	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	.6
	us-gaap	Advertising Expense AdvertisingExpense	4000	USD
	us-gaap	Advertising Expense AdvertisingExpense	5500	USD
CY2012Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	48300	USD
CY2012Q2	us-gaap	Assets Assets	5516700	USD
CY2011Q4	us-gaap	Assets Assets	4934300	USD
CY2012Q2	us-gaap	Assets Current AssetsCurrent	4008100	USD
CY2011Q4	us-gaap	Assets Current AssetsCurrent	3368200	USD
	us-gaap	Concentration Risk Other Risk ConcentrationRiskOtherRisk	0
	us-gaap	Concentration Risk Other Risk ConcentrationRiskOtherRisk	0.6
CY2011Q2	us-gaap	Cost Of Revenue CostOfRevenue	1082900	USD
	us-gaap	Cost Of Revenue CostOfRevenue	1583100	USD
CY2012Q2	us-gaap	Cost Of Revenue CostOfRevenue	1653800	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	61600	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	30400	USD
CY2011Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	13800	USD
CY2012Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	27800	USD
CY2011Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	21000	USD
CY2012Q2	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	61100	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	153300	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	996000	USD
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	479300	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	747300	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-268000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-842700	USD
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2012Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	324172532	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	308736705	shares
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	308800	USD
CY2012Q2	us-gaap	Common Stock Value CommonStockValue	324200	USD
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with stable high credit quality institutions, and management believes that the risk of loss is negligible </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six months ended June 30, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;"> revenues from a limited number of clients accounted for approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">60%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;">, respectively, of total revenues. In addition advanced royalties are </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">60%</font><font style="font-family:inherit;font-size:10pt;"> to one client at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2012</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0%</font><font style="font-family:inherit;font-size:10pt;"> to that same client at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2011</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	.5
	us-gaap	Cost Of Revenue CostOfRevenue	2429300	USD
CY2011Q4	us-gaap	Deferred Revenue DeferredRevenue	303400	USD
CY2012Q2	us-gaap	Deferred Revenue DeferredRevenue	541100	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	18100	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33700	USD
CY2012Q2	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	1076700	USD
CY2011Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	505900	USD
CY2011Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	-505900	USD
CY2012Q2	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	-781163	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-236200	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	0	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2011Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
	us-gaap	Fair Value Assumptions Expected Dividend Rate FairValueAssumptionsExpectedDividendRate	0.00
	us-gaap	Fair Value Assumptions Expected Dividend Rate FairValueAssumptionsExpectedDividendRate	0.00
	us-gaap	Fair Value Assumptions Expected Term FairValueAssumptionsExpectedTerm	P3D
	us-gaap	Fair Value Assumptions Risk Free Interest Rate FairValueAssumptionsRiskFreeInterestRate	0.00
	us-gaap	Fair Value Assumptions Risk Free Interest Rate FairValueAssumptionsRiskFreeInterestRate	0.00
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Gross Profit GrossProfit	1138300	USD
CY2011Q2	us-gaap	Gross Profit GrossProfit	591600	USD
CY2012Q2	us-gaap	Gross Profit GrossProfit	632900	USD
	us-gaap	Gross Profit GrossProfit	802700	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2674700	USD
CY2011Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-811400	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1642600	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1832300	USD
CY2011Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2012Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	335200	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	41200	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	239100	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-106300	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	28000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	142900	USD
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	-57100	USD
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	-1108200	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	278200	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	237700	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	183900	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-54000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-99000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	121100	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-128500	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	0	USD
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	7100	USD
CY2012Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6600	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	-1200	USD
CY2011Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	-800	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	-291300	USD
CY2012Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	-359600	USD
	us-gaap	Interest Expense InterestExpense	1200	USD
CY2011Q2	us-gaap	Interest Expense InterestExpense	800	USD
CY2012Q2	us-gaap	Interest Expense InterestExpense	1800	USD
	us-gaap	Interest Expense InterestExpense	3500	USD
	us-gaap	Interest Paid InterestPaid	1200	USD
	us-gaap	Interest Paid InterestPaid	3500	USD
CY2011Q4	us-gaap	Inventory Net InventoryNet	876700	USD
CY2012Q2	us-gaap	Inventory Net InventoryNet	1060600	USD
CY2012Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	655100	USD
CY2011Q4	us-gaap	Investments Investments	205000	USD
CY2012Q2	us-gaap	Investments Investments	153400	USD
CY2011Q4	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	205000	USD
CY2012Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	153438	USD
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	843400	USD
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	2030900	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4934300	USD
CY2012Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5516700	USD
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2141100	USD
CY2012Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3107000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7600	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-252600	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-690000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1832300	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	-1642600	USD
CY2011Q2	us-gaap	Net Income Loss NetIncomeLoss	-811400	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2674700	USD
	us-gaap	Operating Expenses OperatingExpenses	3521700	USD
	us-gaap	Operating Expenses OperatingExpenses	2633800	USD
CY2011Q2	us-gaap	Operating Expenses OperatingExpenses	1402300	USD
CY2012Q2	us-gaap	Operating Expenses OperatingExpenses	1915800	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2383400	USD
CY2011Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-810700	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1282900	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1831100	USD
CY2012Q2	us-gaap	Other Liabilities OtherLiabilities	192600	USD
CY2011Q4	us-gaap	Other Liabilities OtherLiabilities	146500	USD
	us-gaap	Payments For Rent PaymentsForRent	2500	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	-11400	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	-145100	USD
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Noncurrent PrepaidExpenseAndOtherAssetsNoncurrent	1468000	USD
CY2012Q2	us-gaap	Prepaid Expense And Other Assets Noncurrent PrepaidExpenseAndOtherAssetsNoncurrent	1237500	USD
CY2011Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	574100	USD
CY2012Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	577100	USD
CY2012Q2	us-gaap	Prepaid Royalties PrepaidRoyalties	1630300	USD
CY2011Q4	us-gaap	Prepaid Royalties PrepaidRoyalties	522100	USD
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the 2011 financial statements have been reclassified to conform to the 2012 presentation with no effect on previously reported net loss or accumulated deficit.</font></div></div>
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	962	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	91000	USD
CY2012Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	264500	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	7600	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	5000	USD
CY2012Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-49484600	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-46809900	USD
CY2012Q2	us-gaap	Revenues Revenues	2286700	USD
	us-gaap	Revenues Revenues	3567600	USD
CY2011Q2	us-gaap	Revenues Revenues	1674500	USD
	us-gaap	Revenues Revenues	2385800	USD
CY2012Q2	payd	A2002 Stock Option Plan Shares Outstanding A2002StockOptionPlanSharesOutstanding	13121952	shares
CY2012Q2	payd	A2002 Stock Option Plan Total Authorized A2002StockOptionPlanTotalAuthorized	30000000	shares
	us-gaap	Share Based Compensation ShareBasedCompensation	226000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	180200	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.04
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.16
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	3611620	shares
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	17183284	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-162700	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-40000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	40000	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	2772200	USD
CY2012Q2	us-gaap	Stockholders Equity StockholdersEquity	2348600	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-236200	USD
CY2012Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-178700	USD
CY2011Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	0	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	0	USD
CY2011Q2	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2012Q2	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-179100	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-51600	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the balance sheets and reported amounts of revenue and expenses during the reporting periods. Material estimates that are particularly susceptible to significant change in the near term relate to inventories, deferred tax asset valuation, assumptions used in the determination of fair value of stock options and warrants using the Black-Scholes option-pricing model, and forfeiture rates related to unvested stock options. Although these estimates are based on management's knowledge of current events and actions, they may ultimately differ from actual results.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2012Q2	payd	A2002 Stock Option Plan Unexercisable A2002StockOptionPlanUnexercisable	5500000	shares
CY2012Q2	payd	Af1 Advance Issuance Af1AdvanceIssuance	10173860	shares
CY2012Q2	payd	Af1 Advance Payment Af1AdvancePayment	1246118	shares
	payd	Boston Rent Payment BostonRentPayment	5800	USD
	payd	Intended Cash Savings IntendedCashSavings	75000	USD
	payd	Washington St Lease WashingtonStLease	13856	USD
CY2011Q4	payd	Washington St Lease Payment WashingtonStLeasePayment	1277400	USD
CY2011Q4	payd	Washington St Stock Payment WashingtonStStockPayment	6082985	shares
	payd	Weighted Average Number Of Shares Outstanding Basic Diluted WeightedAverageNumberOfSharesOutstandingBasicDiluted	314051404	shares
CY2011Q2	payd	Weighted Average Number Of Shares Outstanding Basic Diluted WeightedAverageNumberOfSharesOutstandingBasicDiluted	289434362	shares
CY2012Q2	payd	Weighted Average Number Of Shares Outstanding Basic Diluted WeightedAverageNumberOfSharesOutstandingBasicDiluted	317968817	shares
	payd	Weighted Average Number Of Shares Outstanding Basic Diluted WeightedAverageNumberOfSharesOutstandingBasicDiluted	288710776	shares
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	dei	Document Period End Date DocumentPeriodEndDate	2012-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001017655
CY2012Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	325205612	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	PAID INC

Files In Submission

Name	View Source	Status
0001017655-12-000034-index-headers.html	Edgar Link	pending
0001017655-12-000034-index.html	Edgar Link	pending
0001017655-12-000034.txt	Edgar Link	pending
0001017655-12-000034-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
paidincbwa.jpg	Edgar Link	pending
paidjune2012-10q.htm	Edgar Link	pending
payd-20120630.xml	Edgar Link	completed
payd-20120630.xsd	Edgar Link	pending
payd-20120630_cal.xml	Edgar Link	unprocessable
payd-20120630_def.xml	Edgar Link	unprocessable
payd-20120630_lab.xml	Edgar Link	unprocessable
payd-20120630_pre.xml	Edgar Link	unprocessable
q2exhibit311.htm	Edgar Link	pending
q2exhibit312.htm	Edgar Link	pending
q2exhibit32.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$PAYD
Paid Inc Stock $payd

2012 Q2 Form 10-Q Financial Statement

#000101765512000034 Filed on August 09, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYD Paid Inc Stock $payd

2012 Q2 Form 10-Q Financial Statement

#000101765512000034 Filed on August 09, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYD
Paid Inc Stock $payd