$PAYD
Paid Inc Stock $payd

$payd Overview Financials Valuation SEC Filings Company Website

2013 Q2 Form 10-Q Financial Statement

#000114420413045965 Filed on August 14, 2013

Income Statement

Concept	2013 Q2	2012 Q2
Revenue	$1.069M	$2.287M
YoY Change	-53.27%	36.56%
Cost Of Revenue	$769.3K	$1.654M
YoY Change	-53.48%	52.72%
Gross Profit	$299.3K	$632.9K
YoY Change	-52.71%	6.98%
Gross Profit Margin	28.01%	27.68%
Selling, General & Admin	$520.0K
YoY Change
% of Gross Profit	173.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.00K	$20.00K
YoY Change	0.0%	100.0%
% of Gross Profit	6.68%	3.16%
Operating Expenses	$516.9K	$1.916M
YoY Change	-73.02%	36.62%
Operating Profit	-$217.6K	-$1.283M
YoY Change	-83.04%	58.25%
Interest Expense	$800.00	$1.800K
YoY Change	-55.56%	125.0%
% of Operating Profit
Other Income/Expense, Net	$136.5K	-$359.6K
YoY Change	-137.95%
Pretax Income	-$81.11K	-$1.643M
YoY Change	-95.06%	102.43%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$81.11K	-$1.643M
YoY Change	-95.06%	102.43%
Net Earnings / Revenue	-7.59%	-71.83%
Basic Earnings Per Share	$0.00	-$0.01
Diluted Earnings Per Share	-$117.6K	-$2.563M
COMMON SHARES
Basic Shares Outstanding		311.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q2	2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.250M	$310.0K
YoY Change	303.23%	-35.42%
Cash & Equivalents	$1.009M	$153.3K
Short-Term Investments	$240.0K	$150.0K
Other Short-Term Assets	$860.0K	$2.210M
YoY Change	-61.09%	76.8%
Inventory	$2.900K	$1.061M
Prepaid Expenses	$520.6K	$577.1K
Receivables	$350.8K	$433.4K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$2.457M	$4.008M
YoY Change	-38.69%	36.99%
LONG-TERM ASSETS
Property, Plant & Equipment	$170.2K	$264.5K
YoY Change	-35.65%	175.85%
Goodwill
YoY Change
Intangibles	$5.600K	$6.600K
YoY Change	-15.15%	-12.43%
Long-Term Investments
YoY Change
Other Assets	$940.0K	$1.240M
YoY Change	-24.19%
Total Long-Term Assets	$1.112M	$1.509M
YoY Change	-26.27%	1358.68%
TOTAL ASSETS
Total Short-Term Assets	$2.457M	$4.008M
Total Long-Term Assets	$1.112M	$1.509M
Total Assets	$3.570M	$5.517M
YoY Change	-35.29%	82.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$579.7K	$830.0K
YoY Change	-30.16%	151.52%
Accrued Expenses	$1.194M	$1.710M
YoY Change	-30.19%	242.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$20.00K	$30.00K
YoY Change	-33.33%	200.0%
Total Short-Term Liabilities	$1.959M	$3.107M
YoY Change	-36.96%	141.2%
LONG-TERM LIABILITIES
Long-Term Debt	$40.00K	$60.00K
YoY Change	-33.33%	100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$40.00K	$60.00K
YoY Change	-33.33%	100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.959M	$3.107M
Total Long-Term Liabilities	$40.00K	$60.00K
Total Liabilities	$2.000M	$3.170M
YoY Change	-36.91%	140.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$51.24M	-$49.48M
YoY Change	3.54%	10.78%
Common Stock	$52.88M	$324.2K
YoY Change	16209.99%	11.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.574M	$2.349M
YoY Change
Total Liabilities & Shareholders Equity	$3.570M	$5.517M
YoY Change	-35.29%	82.11%

Cashflow Statement

Concept	2013 Q2	2012 Q2
OPERATING ACTIVITIES
Net Income	-$81.11K	-$1.643M
YoY Change	-95.06%	102.43%
Depreciation, Depletion And Amortization	$20.00K	$20.00K
YoY Change	0.0%	100.0%
Cash From Operating Activities	-$140.0K	-$580.0K
YoY Change	-75.86%	-627.27%
INVESTING ACTIVITIES
Capital Expenditures		-$40.00K
YoY Change		300.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change
Cash From Investing Activities	$0.00	-$40.00K
YoY Change	-100.0%	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	0.000	-10.00K
YoY Change	-100.0%
NET CHANGE
Cash From Operating Activities	-140.0K	-580.0K
Cash From Investing Activities	0.000	-40.00K
Cash From Financing Activities	0.000	-10.00K
Net Change In Cash	-140.0K	-630.0K
YoY Change	-77.78%	-730.0%
FREE CASH FLOW
Cash From Operating Activities	-$140.0K	-$580.0K
Capital Expenditures		-$40.00K
Free Cash Flow		-$540.0K
YoY Change		-550.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Period End Date DocumentPeriodEndDate	2013-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
CY2012Q2	us-gaap	Revenues Revenues	2286700	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1642500	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-282600	USD
CY2013Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2013Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	328874050	shares
	dei	Entity Registrant Name EntityRegistrantName	PAID INC
	dei	Entity Central Index Key EntityCentralIndexKey	0001017655
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2013Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2013Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2013Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	328874050	shares
CY2012Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	328874050	shares
CY2013Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	328874050	shares
CY2012Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	328874050	shares
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1009300	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1433000	USD
CY2013Q2	us-gaap	Investments Investments	237600	USD
CY2012Q4	us-gaap	Investments Investments	142800	USD
CY2013Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	350800	USD
CY2012Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	348800	USD
CY2013Q2	us-gaap	Inventory Net InventoryNet	2900	USD
CY2012Q4	us-gaap	Inventory Net InventoryNet	420700	USD
CY2013Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	520600	USD
CY2012Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	310200	USD
CY2013Q2	us-gaap	Prepaid Royalties PrepaidRoyalties	336100	USD
CY2012Q4	us-gaap	Prepaid Royalties PrepaidRoyalties	329800	USD
CY2013Q2	us-gaap	Assets Current AssetsCurrent	2457300	USD
CY2012Q4	us-gaap	Assets Current AssetsCurrent	2985300	USD
CY2013Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	170200	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	212900	USD
CY2013Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	5600	USD
CY2012Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6100	USD
CY2013Q2	us-gaap	Prepaid Expense And Other Assets Noncurrent PrepaidExpenseAndOtherAssetsNoncurrent	936500	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets Noncurrent PrepaidExpenseAndOtherAssetsNoncurrent	1027200	USD
CY2013Q2	us-gaap	Assets Assets	3569600	USD
CY2012Q4	us-gaap	Assets Assets	4231500	USD
CY2013Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	579700	USD
CY2012Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	728000	USD
CY2013Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	23900	USD
CY2012Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	26300	USD
CY2013Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1193800	USD
CY2012Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1512800	USD
CY2013Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	161100	USD
CY2012Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	230500	USD
CY2013Q2	us-gaap	Liabilities Current LiabilitiesCurrent	1958500	USD
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2497600	USD
CY2013Q2	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	36800	USD
CY2012Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	48600	USD
CY2013Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q2	us-gaap	Common Stock Value CommonStockValue	328900	USD
CY2012Q4	us-gaap	Common Stock Value CommonStockValue	328900	USD
CY2013Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	52548100	USD
CY2012Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	52376500	USD
CY2013Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-51238700	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	-1108200	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-50956100	USD
CY2013Q2	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	-64000	USD
CY2012Q4	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	-64000	USD
CY2013Q2	us-gaap	Stockholders Equity StockholdersEquity	1574300	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	1685300	USD
CY2013Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3569600	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4231500	USD
CY2013Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2013Q2	us-gaap	Revenues Revenues	1068700	USD
	us-gaap	Revenues Revenues	2001000	USD
	us-gaap	Revenues Revenues	3567600	USD
CY2013Q2	us-gaap	Cost Of Revenue CostOfRevenue	769300	USD
CY2012Q2	us-gaap	Cost Of Revenue CostOfRevenue	1653800	USD
	us-gaap	Cost Of Revenue CostOfRevenue	1343200	USD
	us-gaap	Cost Of Revenue CostOfRevenue	2429300	USD
CY2013Q2	us-gaap	Gross Profit GrossProfit	299400	USD
CY2012Q2	us-gaap	Gross Profit GrossProfit	632900	USD
	us-gaap	Gross Profit GrossProfit	657800	USD
	us-gaap	Gross Profit GrossProfit	1138300	USD
CY2013Q2	us-gaap	Operating Expenses OperatingExpenses	516700	USD
CY2012Q2	us-gaap	Operating Expenses OperatingExpenses	1915800	USD
	us-gaap	Operating Expenses OperatingExpenses	1181700	USD
	us-gaap	Operating Expenses OperatingExpenses	3521700	USD
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-217300	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1282900	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-523900	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2383400	USD
CY2013Q2	us-gaap	Interest Expense InterestExpense	800	USD
CY2012Q2	us-gaap	Interest Expense InterestExpense	1800	USD
	us-gaap	Interest Expense InterestExpense	1700	USD
	us-gaap	Interest Expense InterestExpense	3500	USD
CY2013Q2	payd	Unrealized Loss On Investments UnrealizedLossOnInvestments	13900	USD
CY2012Q2	payd	Unrealized Loss On Investments UnrealizedLossOnInvestments	179100	USD
	payd	Unrealized Loss On Investments UnrealizedLossOnInvestments	-94800	USD
	payd	Unrealized Loss On Investments UnrealizedLossOnInvestments	51600	USD
CY2013Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	151000	USD
CY2012Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-178700	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	148200	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-236200	USD
CY2013Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	136300	USD
CY2012Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-359600	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	241300	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-291300	USD
CY2013Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-81000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2674700	USD
CY2012Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2013Q2	us-gaap	Net Income Loss NetIncomeLoss	-81000	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	-1642500	USD
	us-gaap	Net Income Loss NetIncomeLoss	-282600	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2674700	USD
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2013Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	328874050	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	314051404	shares
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	38900	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	328874050	shares
CY2012Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	317968817	shares
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33700	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	94800	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-51600	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	171600	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	180200	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	148200	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-236200	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	90700	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	128500	USD
	payd	Stock Options Awarded To Professionals And Consultants In Payment Of Fees StockOptionsAwardedToProfessionalsAndConsultantsInPaymentOfFees	0	USD
	payd	Stock Options Awarded To Professionals And Consultants In Payment Of Fees StockOptionsAwardedToProfessionalsAndConsultantsInPaymentOfFees	2030900	USD
	payd	Stock Options Awarded To Professionals And Consultants In Payment Of Compensation StockOptionsAwardedToProfessionalsAndConsultantsInPaymentOfCompensation	0	USD
	payd	Stock Options Awarded To Professionals And Consultants In Payment Of Compensation StockOptionsAwardedToProfessionalsAndConsultantsInPaymentOfCompensation	40000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	239100	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-417800	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	183900	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	210400	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-99000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-148300	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	335200	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-170800	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	142900	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-69400	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	237700	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-409500	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-690000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	145100	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	0	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-145100	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	14200	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	7600	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-14200	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7600	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-423700	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-842700	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	996000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	153300	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Interest Paid InterestPaid	1700	USD
	us-gaap	Interest Paid InterestPaid	3500	USD
	payd	Acquisition Of Property And Equipment Under Capital Lease AcquisitionOfPropertyAndEquipmentUnderCapitalLease	0	USD
	payd	Acquisition Of Property And Equipment Under Capital Lease AcquisitionOfPropertyAndEquipmentUnderCapitalLease	61600	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-4300	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	-6300	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">The preparation of condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates made by the Company’s management include, but are not limited to, the collectability of accounts receivable, the realizability of inventories, the fair value of investments in trading securities, the recoverability of long-lived assets, valuation of deferred tax assets and liabilities and the estimated fair value of the royalty and advance guarantees, stock options, warrants and shares issued for non-cash consideration. Actual results could materially differ from those estimates.</font></div> </div>
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <i><font style="FONT-SIZE: 10pt">Concentrations</font></i></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash. The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $<font style=" FONT-SIZE: 10pt">250,000</font>. At June 30, 2013, the Company had balances of approximately $<font style=" FONT-SIZE: 10pt">480,000</font> in these accounts in excess of the FDIC insurance limits. The Company places its cash in stable high credit quality institutions, and management believes that the risk of loss is negligible.</font></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">For the three and six months ended June 30, 2013 and 2012, revenues from a limited number of clients accounted for approximately <font style=" FONT-SIZE: 10pt"> 72</font>% and <font style=" FONT-SIZE: 10pt">60</font>%, and <font style=" FONT-SIZE: 10pt">44</font>% and <font style=" FONT-SIZE: 10pt">60</font>%, respectively, of total revenues.</font></div> </div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <i><font style="FONT-SIZE: 10pt">Reclassifications</font></i></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="clear:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 presentation with no effect on previously reported net loss or accumulated deficit.</font></div> </div>
CY2012	us-gaap	Net Income Loss NetIncomeLoss	-4146200	USD
CY2013Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	53300	USD
CY2012Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	53300	USD
	us-gaap	Advertising Expense AdvertisingExpense	1700	USD
	us-gaap	Advertising Expense AdvertisingExpense	4000	USD
CY2013Q2	us-gaap	Fdic Indemnification Asset FDICIndemnificationAsset	250000	USD
	us-gaap	Fdic Indemnification Asset Period Increase Decrease FDICIndemnificationAssetPeriodIncreaseDecrease	480000	USD
CY2013Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5026000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6252000	shares
CY2012Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	18100	USD
CY2013Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2600	USD
CY2013Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	0	USD
CY2012Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	77400	USD
CY2013Q2	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	851300	USD
CY2012Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	858300	USD
CY2013Q2	payd	Stock Price Guarantee Liabilities Current StockPriceGuaranteeLiabilitiesCurrent	295000	USD
CY2012Q4	payd	Stock Price Guarantee Liabilities Current StockPriceGuaranteeLiabilitiesCurrent	443200	USD
CY2013Q2	payd	Accrued Liabilities Other Current AccruedLiabilitiesOtherCurrent	44900	USD
CY2012Q4	payd	Accrued Liabilities Other Current AccruedLiabilitiesOtherCurrent	115800	USD
CY2013Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1193800	USD
CY2012Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1512800	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	1500000	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P7D
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.3036	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.1586	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0001	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0008	pure
CY2013Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	20030582	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P9Y1M24D
CY2013Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	276263	USD
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	18030582	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	3500000	shares
	payd	Stock Issued During Period Shares Stock Option Exercise StockIssuedDuringPeriodSharesStockOptionExercise	0	shares
CY2013Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	20030582	shares
CY2013Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.080
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0.145
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.092
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.083

Files In Submission

Name	View Source	Status
0001144204-13-045965-index-headers.html	Edgar Link	pending
0001144204-13-045965-index.html	Edgar Link	pending
0001144204-13-045965.txt	Edgar Link	pending
0001144204-13-045965-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
ft0002img-1.jpg	Edgar Link	pending
payd-20130630.xml	Edgar Link	completed
payd-20130630.xsd	Edgar Link	pending
payd-20130630_cal.xml	Edgar Link	unprocessable
payd-20130630_def.xml	Edgar Link	unprocessable
payd-20130630_lab.xml	Edgar Link	unprocessable
payd-20130630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R1.xml	Edgar Link	unprocessable
R10.htm	Edgar Link	pending
R10.xml	Edgar Link	unprocessable
R11.htm	Edgar Link	pending
R11.xml	Edgar Link	unprocessable
R12.htm	Edgar Link	pending
R12.xml	Edgar Link	unprocessable
R13.htm	Edgar Link	pending
R13.xml	Edgar Link	unprocessable
R14.htm	Edgar Link	pending
R14.xml	Edgar Link	unprocessable
R15.htm	Edgar Link	pending
R15.xml	Edgar Link	unprocessable
R16.htm	Edgar Link	pending
R16.xml	Edgar Link	unprocessable
R17.htm	Edgar Link	pending
R17.xml	Edgar Link	unprocessable
R18.htm	Edgar Link	pending
R18.xml	Edgar Link	unprocessable
R19.htm	Edgar Link	pending
R19.xml	Edgar Link	unprocessable
R2.htm	Edgar Link	pending
R2.xml	Edgar Link	unprocessable
R20.htm	Edgar Link	pending
R20.xml	Edgar Link	unprocessable
R21.htm	Edgar Link	pending
R21.xml	Edgar Link	unprocessable
R22.htm	Edgar Link	pending
R22.xml	Edgar Link	unprocessable
R23.htm	Edgar Link	pending
R23.xml	Edgar Link	unprocessable
R24.htm	Edgar Link	pending
R24.xml	Edgar Link	unprocessable
R25.htm	Edgar Link	pending
R25.xml	Edgar Link	unprocessable
R26.htm	Edgar Link	pending
R26.xml	Edgar Link	unprocessable
R3.htm	Edgar Link	pending
R3.xml	Edgar Link	unprocessable
R4.htm	Edgar Link	pending
R4.xml	Edgar Link	unprocessable
R5.htm	Edgar Link	pending
R5.xml	Edgar Link	unprocessable
R6.htm	Edgar Link	pending
R6.xml	Edgar Link	unprocessable
R7.htm	Edgar Link	pending
R7.xml	Edgar Link	unprocessable
R8.htm	Edgar Link	pending
R8.xml	Edgar Link	unprocessable
R9.htm	Edgar Link	pending
R9.xml	Edgar Link	unprocessable
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v352689_10q.htm	Edgar Link	pending
v352689_ex31-1.htm	Edgar Link	pending
v352689_ex31-2.htm	Edgar Link	pending
v352689_ex32-1.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$PAYD
Paid Inc Stock $payd

2013 Q2 Form 10-Q Financial Statement

#000114420413045965 Filed on August 14, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYD Paid Inc Stock $payd

2013 Q2 Form 10-Q Financial Statement

#000114420413045965 Filed on August 14, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYD
Paid Inc Stock $payd