2014 Q4 Form 10-Q Financial Statement

#000114420414068951 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $50.00K $48.34K $1.111M
YoY Change -95.97% -95.65% -84.34%
Cost Of Revenue $40.00K $10.50K $686.1K
YoY Change -95.74% -98.47% -87.95%
Gross Profit $0.00 $37.84K $424.6K
YoY Change -100.0% -91.09% -69.61%
Gross Profit Margin 0.0% 78.27% 38.23%
Selling, General & Admin $630.0K $220.0K $460.0K
YoY Change -52.17%
% of Gross Profit 581.43% 108.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $0.00 $20.00K
YoY Change 0.0% -100.0% -33.33%
% of Gross Profit 0.0% 4.71%
Operating Expenses $630.0K $213.6K $457.7K
YoY Change -49.19% -53.32% -72.46%
Operating Profit -$630.0K -$175.8K -$33.08K
YoY Change -32.98% 431.52% -87.51%
Interest Expense -$240.0K -$425.00 $800.00
YoY Change -284.62% -153.13% -38.46%
% of Operating Profit
Other Income/Expense, Net $320.0K -$208.6K $159.6K
YoY Change 202.33% -230.69% -124.69%
Pretax Income -$540.0K -$384.4K $126.5K
YoY Change -44.33% -403.82% -113.88%
Income Tax $0.00 $2.765K $0.00
% Of Pretax Income 0.0%
Net Earnings -$540.0K -$387.1K $126.5K
YoY Change -44.33% -406.01% -113.88%
Net Earnings / Revenue -1080.0% -800.88% 11.39%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$806.0K $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 328.9M shares 328.9M shares 328.9M shares
Diluted Shares Outstanding 328.9M shares 336.8M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $650.0K $290.0K $820.0K
YoY Change 14.04% -64.63% 10.81%
Cash & Equivalents $651.3K $287.6K $668.5K
Short-Term Investments $0.00 $0.00 $150.0K
Other Short-Term Assets $130.0K $250.0K $830.0K
YoY Change -50.0% -69.88% -20.19%
Inventory $1.305K $1.305K $23.70K
Prepaid Expenses $42.57K $32.24K $511.6K
Receivables $91.57K $114.9K $427.8K
Other Receivables $120.0K $180.0K $0.00
Total Short-Term Assets $990.0K $829.6K $2.099M
YoY Change -45.06% -60.47% -43.46%
LONG-TERM ASSETS
Property, Plant & Equipment $18.49K $23.70K $151.5K
YoY Change -57.61% -84.36% -35.2%
Goodwill
YoY Change
Intangibles $4.242K $4.478K $5.400K
YoY Change -18.17% -17.07% -15.63%
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $850.0K
YoY Change -97.65% -27.97%
Total Long-Term Assets $46.12K $45.25K $1.007M
YoY Change -5.49% -95.51% -29.1%
TOTAL ASSETS
Total Short-Term Assets $990.0K $829.6K $2.099M
Total Long-Term Assets $46.12K $45.25K $1.007M
Total Assets $1.036M $874.8K $3.106M
YoY Change -44.02% -71.84% -39.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.7K $152.8K $355.2K
YoY Change -56.89% -56.99% -46.18%
Accrued Expenses $674.0K $802.9K $920.4K
YoY Change 53.55% -12.77% -57.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% -33.33%
Total Short-Term Liabilities $912.1K $971.5K $1.391M
YoY Change -6.33% -30.14% -56.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.00K $30.00K
YoY Change -100.0% -66.67% -40.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $10.00K $30.00K
YoY Change -100.0% -66.67% -40.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $912.1K $971.5K $1.391M
Total Long-Term Liabilities $0.00 $10.00K $30.00K
Total Liabilities $915.1K $978.2K $1.420M
YoY Change -7.89% -31.11% -56.31%
SHAREHOLDERS EQUITY
Retained Earnings -$53.75M -$53.21M -$51.11M
YoY Change 3.2% 4.11% 1.42%
Common Stock $53.85M $53.11M $52.95M
YoY Change 1.46% 0.31% 16126.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $121.0K -$103.4K $1.685M
YoY Change
Total Liabilities & Shareholders Equity $1.036M $874.8K $3.106M
YoY Change -44.02% -71.84% -39.48%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$540.0K -$387.1K $126.5K
YoY Change -44.33% -406.01% -113.88%
Depreciation, Depletion And Amortization $10.00K $0.00 $20.00K
YoY Change 0.0% -100.0% -33.33%
Cash From Operating Activities -$180.0K -$220.0K -$330.0K
YoY Change -25.0% -33.33% -180.49%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -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 550.0K -10.00K -10.00K
YoY Change -5600.0% 0.0%
NET CHANGE
Cash From Operating Activities -180.0K -220.0K -330.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 550.0K -10.00K -10.00K
Net Change In Cash 370.0K -230.0K -340.0K
YoY Change -268.18% -32.35% -180.95%
FREE CASH FLOW
Cash From Operating Activities -$180.0K -$220.0K -$330.0K
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-214759 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-396986 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
201417 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8936 USD
us-gaap Increase Decrease In Prepaid Royalties
IncreaseDecreaseInPrepaidRoyalties
-13699 USD
us-gaap Increase Decrease In Prepaid Royalties
IncreaseDecreaseInPrepaidRoyalties
2042 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
0 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-139242 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-13614 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-744011 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-315206 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
20516 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
18104 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-20516 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-18104 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-764527 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-175660 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1433034 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
668507 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
3971 USD
us-gaap Interest Paid
InterestPaid
2461 USD
us-gaap Interest Paid
InterestPaid
920 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
328874050 shares
us-gaap Advertising Expense
AdvertisingExpense
2265 USD
us-gaap Advertising Expense
AdvertisingExpense
2649 USD
CY2013Q3 us-gaap Advertising Expense
AdvertisingExpense
570 USD
CY2014Q3 us-gaap Advertising Expense
AdvertisingExpense
14 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328874050 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328874050 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
336848737 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328874050 shares

Files In Submission

Name View Source Status
0001144204-14-068951-index-headers.html Edgar Link pending
0001144204-14-068951-index.html Edgar Link pending
0001144204-14-068951.txt Edgar Link pending
0001144204-14-068951-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
payd-20140930.xml Edgar Link completed
payd-20140930.xsd Edgar Link pending
payd-20140930_cal.xml Edgar Link unprocessable
payd-20140930_def.xml Edgar Link unprocessable
payd-20140930_lab.xml Edgar Link unprocessable
payd-20140930_pre.xml Edgar Link unprocessable
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
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R2.htm Edgar Link pending
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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
tlogo.jpg Edgar Link pending
v393520_10q.htm Edgar Link pending
v393520_ex31-1.htm Edgar Link pending
v393520_ex31-2.htm Edgar Link pending
v393520_ex32.htm Edgar Link pending