2014 Q2 Form 10-Q Financial Statement
#000114420414048104 Filed on August 08, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $192.2K | $1.069M |
| YoY Change | -82.02% | -53.27% |
| Cost Of Revenue | $92.65K | $769.3K |
| YoY Change | -87.96% | -53.48% |
| Gross Profit | $99.52K | $299.3K |
| YoY Change | -66.75% | -52.71% |
| Gross Profit Margin | 51.79% | 28.01% |
| Selling, General & Admin | $280.0K | $520.0K |
| YoY Change | -46.15% | |
| % of Gross Profit | 281.35% | 173.74% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $10.00K | $20.00K |
| YoY Change | -50.0% | 0.0% |
| % of Gross Profit | 10.05% | 6.68% |
| Operating Expenses | $281.1K | $516.9K |
| YoY Change | -45.63% | -73.02% |
| Operating Profit | -$181.5K | -$217.6K |
| YoY Change | -16.57% | -83.04% |
| Interest Expense | -$495.00 | $800.00 |
| YoY Change | -161.88% | -55.56% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$388.5K | $136.5K |
| YoY Change | -384.7% | -137.95% |
| Pretax Income | -$570.1K | -$81.11K |
| YoY Change | 602.8% | -95.06% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$570.1K | -$81.11K |
| YoY Change | 602.8% | -95.06% |
| Net Earnings / Revenue | -296.65% | -7.59% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$863.6K | -$117.6K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 328.9M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $510.0K | $1.250M |
| YoY Change | -59.2% | 303.23% |
| Cash & Equivalents | $508.2K | $1.009M |
| Short-Term Investments | $0.00 | $240.0K |
| Other Short-Term Assets | $260.0K | $860.0K |
| YoY Change | -69.77% | -61.09% |
| Inventory | $1.305K | $2.900K |
| Prepaid Expenses | $45.59K | $520.6K |
| Receivables | $133.1K | $350.8K |
| Other Receivables | $230.0K | $0.00 |
| Total Short-Term Assets | $1.132M | $2.457M |
| YoY Change | -53.92% | -38.69% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $28.91K | $170.2K |
| YoY Change | -83.01% | -35.65% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $4.713K | $5.600K |
| YoY Change | -15.84% | -15.15% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $20.00K | $940.0K |
| YoY Change | -97.87% | -24.19% |
| Total Long-Term Assets | $54.38K | $1.112M |
| YoY Change | -95.11% | -26.27% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.132M | $2.457M |
| Total Long-Term Assets | $54.38K | $1.112M |
| Total Assets | $1.187M | $3.570M |
| YoY Change | -66.76% | -35.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $163.4K | $579.7K |
| YoY Change | -71.81% | -30.16% |
| Accrued Expenses | $725.5K | $1.194M |
| YoY Change | -39.23% | -30.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $20.00K | $20.00K |
| YoY Change | 0.0% | -33.33% |
| Total Short-Term Liabilities | $905.3K | $1.959M |
| YoY Change | -53.78% | -36.96% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $10.00K | $40.00K |
| YoY Change | -75.0% | -33.33% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $10.00K | $40.00K |
| YoY Change | -75.0% | -33.33% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $905.3K | $1.959M |
| Total Long-Term Liabilities | $10.00K | $40.00K |
| Total Liabilities | $915.5K | $2.000M |
| YoY Change | -54.22% | -36.91% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$52.83M | -$51.24M |
| YoY Change | 3.1% | 3.54% |
| Common Stock | $53.10M | $52.88M |
| YoY Change | 0.42% | 16209.99% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $271.1K | $1.574M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.187M | $3.570M |
| YoY Change | -66.76% | -35.29% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$570.1K | -$81.11K |
| YoY Change | 602.8% | -95.06% |
| Depreciation, Depletion And Amortization | $10.00K | $20.00K |
| YoY Change | -50.0% | 0.0% |
| Cash From Operating Activities | -$60.00K | -$140.0K |
| YoY Change | -57.14% | -75.86% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $70.00K | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | $70.00K | $0.00 |
| YoY Change | -100.0% | |
| 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 | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -60.00K | -140.0K |
| Cash From Investing Activities | 70.00K | 0.000 |
| Cash From Financing Activities | 0.000 | 0.000 |
| Net Change In Cash | 10.00K | -140.0K |
| YoY Change | -107.14% | -77.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$60.00K | -$140.0K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
53300 | USD |
| CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
53300 | USD |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The preparation of the 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 fair value of investments in marketable securities, the collectability of receivables, the realizability of inventories, the recoverability of long-lived assets, valuation of deferred tax assets and liabilities and the estimated fair value of the royalty and advance guarantees and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> share-based transactions. Actual results could materially differ from those estimates.</font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Concentration of Credit Risk</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>. At June 30, 2014, the Company had amounts in these accounts in excess of the FDIC limit. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to these deposits.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The Company extends credit based on an evaluation of the customer's financial condition, generally without requiring collateral. Exposure to losses on receivables is principally dependent on each customer's financial condition. The Company monitors its exposure for credit losses and maintains allowances for anticipated losses. Although the Company expects to collect amounts due, actual collections may differ from the estimated amounts. At June 30, 2014 and December 31, 2013, the Company has recorded an allowance for doubtful accounts of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">53,300</font></font>.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">For the three <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">months ended June 30, 2014 and 2013, revenues from three and two clients accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 93</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 72</font>%, respectively, of total revenues. For the six months ended June 30, 2014 and 2013, revenues from three and two clients accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 95</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 44</font>%, respectively, of total revenues. These revenues were generated from the sales of tour merchandise, VIP services, and merchandising and fulfillment services. As of June 30, 2014 and December 31, 2013, accounts receivable from one client accounted for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 19</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 63</font>%, respectively.</font></font><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></i></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9978000 | shares | |
| CY2014Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7558000 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
| us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
less than a 50% likelihood | ||
| CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1127920 | USD |
| CY2014Q2 | us-gaap |
Fdic Indemnification Asset
FDICIndemnificationAsset
|
250000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
98788 | USD | |
| CY2014Q2 | us-gaap |
Other Receivables
OtherReceivables
|
227528 | USD |
| CY2013Q4 | us-gaap |
Other Receivables
OtherReceivables
|
635056 | USD |
| us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
227528 | USD | |
| CY2014Q2 | us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
171910 | USD |
| CY2014Q2 | payd |
Common Stock Held For Sale
CommonStockHeldForSale
|
2528091 | shares |
| CY2013Q4 | payd |
Common Stock Held For Sale
CommonStockHeldForSale
|
3528091 | shares |
| us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
-79983 | USD | |
| CY2014Q2 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
3590 | USD |
| CY2013Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
2446 | USD |
| CY2014Q2 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
467187 | USD |
| CY2013Q4 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
421963 | USD |
| CY2014Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
37027 | USD |
| CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
14539 | USD |
| CY2014Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
725512 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
438948 | USD |
| CY2014Q2 | payd |
Guarantee Price Of Common Stock
GuaranteePriceOfCommonStock
|
217208 | USD |
| CY2013Q4 | payd |
Guarantee Price Of Common Stock
GuaranteePriceOfCommonStock
|
0 | USD |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
508150 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
463285 | USD |
| CY2014Q2 | us-gaap |
Investments
Investments
|
0 | USD |
| CY2013Q4 | us-gaap |
Investments
Investments
|
106097 | USD |
| CY2014Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
133141 | USD |
| CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
340663 | USD |
| CY2014Q2 | us-gaap |
Inventory Net
InventoryNet
|
1305 | USD |
| CY2013Q4 | us-gaap |
Inventory Net
InventoryNet
|
1305 | USD |
| CY2014Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
45587 | USD |
| CY2013Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
41180 | USD |
| CY2014Q2 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
216569 | USD |
| CY2013Q4 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
214527 | USD |
| CY2014Q2 | us-gaap |
Assets Current
AssetsCurrent
|
1132280 | USD |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1802113 | USD |
| CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28911 | USD |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
43614 | USD |
| CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
4713 | USD |
| CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5184 | USD |
| CY2014Q2 | us-gaap |
Assets
Assets
|
1186661 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
1850911 | USD |
| CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
163406 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
500320 | USD |
| CY2014Q2 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
16370 | USD |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
20775 | USD |
| CY2014Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
725512 | USD |
| CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
438948 | USD |
| CY2014Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
0 | USD |
| CY2013Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
13614 | USD |
| CY2014Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
905288 | USD |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
973657 | USD |
| CY2014Q2 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
10256 | USD |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
19848 | USD |
| CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
915544 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
993505 | USD |
| CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
328874 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
328874 | USD |
| CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
52769382 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
52744046 | USD |
| CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
| CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-131536 | USD |
| CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-52827139 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-52083978 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
271117 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
857406 | USD |
| CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1186661 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1850911 | USD |
| CY2014Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
| CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
328874050 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
328874050 | shares |
| CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
328874050 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
328874050 | shares |
| us-gaap |
Revenues
Revenues
|
2000971 | USD | |
| us-gaap |
Revenues
Revenues
|
701576 | USD | |
| CY2013Q2 | us-gaap |
Revenues
Revenues
|
1068596 | USD |
| CY2014Q2 | us-gaap |
Revenues
Revenues
|
192171 | USD |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
1343180 | USD | |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
458253 | USD | |
| CY2013Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
769291 | USD |
| CY2014Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
90618 | USD |
| us-gaap |
Gross Profit
GrossProfit
|
657791 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
243323 | USD | |
| CY2013Q2 | us-gaap |
Gross Profit
GrossProfit
|
299305 | USD |
| CY2014Q2 | us-gaap |
Gross Profit
GrossProfit
|
101553 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
1181834 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
583778 | USD | |
| CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
516889 | USD |
| CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
283090 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-524043 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-340455 | USD | |
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-217584 | USD |
| CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-181537 | USD |
| us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-1721 | USD | |
| us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
1843 | USD | |
| CY2013Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-810 | USD |
| CY2014Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-495 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
86617 | USD | |
| CY2013Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
| CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
84815 | USD |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
0 | USD | |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-79983 | USD | |
| CY2013Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
0 | USD |
| CY2014Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-83731 | USD |
| us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
94850 | USD | |
| us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
0 | USD | |
| CY2013Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-13844 | USD |
| CY2014Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
0 | USD |
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
34759 | USD | |
| CY2014Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
148274 | USD | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-217208 | USD | |
| CY2013Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
151125 | USD |
| CY2014Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-217208 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
241403 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-401500 | USD | |
| CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-388529 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-282640 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-741955 | USD | |
| CY2013Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
136471 | USD |
| CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-81113 | USD |
| CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-570066 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
0 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1945 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-207522 | USD | |
| us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1206 | USD | |
| CY2013Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-282640 | USD | |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-81113 | USD |
| CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-570066 | USD |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | ||
| CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
| CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
| 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
|
328874050 | shares | |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
328874050 | shares |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
328874050 | shares |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-743161 | USD | |
| us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
0 | USD | |
| us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
0 | USD | |
| CY2013Q2 | us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
0 | USD |
| CY2014Q2 | us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
0 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-282640 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-743161 | USD | |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-81113 | USD |
| CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-570066 | USD |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
38942 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
15174 | USD | |
| us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD | |
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
171749 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
25336 | USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
148274 | USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-217208 | USD | |
| us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
90686 | USD | |
| us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-214759 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-417807 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
210430 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4407 | USD | |
| us-gaap |
Increase Decrease In Prepaid Royalties
IncreaseDecreaseInPrepaidRoyalties
|
6301 | USD | |
| us-gaap |
Increase Decrease In Prepaid Royalties
IncreaseDecreaseInPrepaidRoyalties
|
2042 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-148294 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-336914 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-170782 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
69356 | USD | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-69424 | USD | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-13614 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-409472 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-98788 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
157650 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
157650 | USD | |
| us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
14298 | USD | |
| us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
13997 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-14298 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-13997 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-423770 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
44865 | USD | |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1433034 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1009264 | USD |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
1721 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
0 | USD | |
| CY2014Q2 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | USD |
| CY2013Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | USD |
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| 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 | ||
| CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
328874050 | shares |
| CY2014Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
20757 | USD |
| CY2013Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
0 | USD |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
227528 | USD | |
| CY2013Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD |
| CY2014Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
171910 | USD |
| us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-4284 | USD | |
| CY2014Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
500 | USD |
| CY2013Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
0 | USD |
| CY2014Q2 | payd |
Stock Price Guarantee
StockPriceGuarantee
|
217208 | USD |
| CY2013Q4 | payd |
Stock Price Guarantee
StockPriceGuarantee
|
0 | USD |
| us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
0 | USD | |
| us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
20757 | USD |
