$PAYD
Paid Inc Stock $payd

$payd Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000114420415064222 Filed on November 10, 2015

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q4
Revenue	$130.0K	$46.19K	$50.00K
YoY Change	160.0%	-4.45%	-95.97%
Cost Of Revenue	$10.00K	$12.68K	$40.00K
YoY Change	-75.0%	20.7%	-95.74%
Gross Profit	$130.0K	$33.52K	$0.00
YoY Change		-11.43%	-100.0%
Gross Profit Margin	100.0%	72.56%	0.0%
Selling, General & Admin	$330.0K	$220.0K	$630.0K
YoY Change	-47.62%	0.0%
% of Gross Profit	253.85%	656.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.00K	$0.00	$10.00K
YoY Change	100.0%		0.0%
% of Gross Profit	15.38%	0.0%
Operating Expenses	$330.0K	$218.4K	$630.0K
YoY Change	-47.62%	2.21%	-49.19%
Operating Profit	-$200.0K	-$184.9K	-$630.0K
YoY Change	-68.25%	5.15%	-32.98%
Interest Expense	-$20.00K	-$490.0K	-$240.0K
YoY Change	-91.67%	115194.12%	-284.62%
% of Operating Profit
Other Income/Expense, Net	$0.00	-$485.1K	$320.0K
YoY Change	-100.0%	132.59%	202.33%
Pretax Income	-$230.0K	-$670.0K	-$540.0K
YoY Change	-57.41%	74.31%	-44.33%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$230.0K	-$670.0K	-$540.0K
YoY Change	-57.41%	73.06%	-44.33%
Net Earnings / Revenue	-176.92%	-1450.49%	-1080.0%
Basic Earnings Per Share
Diluted Earnings Per Share	-$280.5K	-$971.0K	-$806.0K
COMMON SHARES
Basic Shares Outstanding	343.8M shares	343.8M shares	328.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$120.0K	$310.0K	$650.0K
YoY Change	-81.54%	6.9%	14.04%
Cash & Equivalents	$120.0K	$313.7K	$651.3K
Short-Term Investments			$0.00
Other Short-Term Assets	$60.00K	$100.0K	$130.0K
YoY Change	-53.85%	-60.0%	-50.0%
Inventory	$0.00	$1.305K	$1.305K
Prepaid Expenses		$16.61K	$42.57K
Receivables	$30.00K	$91.65K	$91.57K
Other Receivables	$0.00	$10.00K	$120.0K
Total Short-Term Assets	$210.0K	$517.5K	$990.0K
YoY Change	-78.79%	-37.62%	-45.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.00K	$9.532K	$18.49K
YoY Change	-45.91%	-59.78%	-57.61%
Goodwill
YoY Change
Intangibles		$3.537K	$4.242K
YoY Change		-21.01%	-18.17%
Long-Term Investments
YoY Change
Other Assets	$0.00	$10.00K	$20.00K
YoY Change	-100.0%	-50.0%
Total Long-Term Assets	$290.0K	$25.40K	$46.12K
YoY Change	528.82%	-43.87%	-5.49%
TOTAL ASSETS
Total Short-Term Assets	$210.0K	$517.5K	$990.0K
Total Long-Term Assets	$290.0K	$25.40K	$46.12K
Total Assets	$500.0K	$542.9K	$1.036M
YoY Change	-51.74%	-37.94%	-44.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$100.0K	$129.0K	$215.7K
YoY Change	-53.64%	-15.59%	-56.89%
Accrued Expenses	$1.000M	$1.016M	$674.0K
YoY Change	48.36%	26.51%	53.55%
Deferred Revenue
YoY Change
Short-Term Debt	$20.00K	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$10.00K	$20.00K
YoY Change	-100.0%	-50.0%	0.0%
Total Short-Term Liabilities	$1.130M	$1.158M	$912.1K
YoY Change	23.9%	19.2%	-6.33%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.130M	$1.158M	$912.1K
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$1.130M	$1.158M	$915.1K
YoY Change	23.48%	18.38%	-7.89%
SHAREHOLDERS EQUITY
Retained Earnings		-$54.83M	-$53.75M
YoY Change		3.04%	3.2%
Common Stock		$54.22M	$53.85M
YoY Change		2.08%	1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$630.0K	-$615.1K	$121.0K
YoY Change
Total Liabilities & Shareholders Equity	$500.0K	$540.0K	$1.036M
YoY Change	-51.74%	-38.27%	-44.02%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q4
OPERATING ACTIVITIES
Net Income	-$230.0K	-$670.0K	-$540.0K
YoY Change	-57.41%	73.06%	-44.33%
Depreciation, Depletion And Amortization	$20.00K	$0.00	$10.00K
YoY Change	100.0%		0.0%
Cash From Operating Activities	-$60.00K	-$110.0K	-$180.0K
YoY Change	-66.67%	-50.0%	-25.0%
INVESTING ACTIVITIES
Capital Expenditures	-$300.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$300.0K	$0.00	$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	170.0K	-10.00K	550.0K
YoY Change	-69.09%	0.0%	-5600.0%
NET CHANGE
Cash From Operating Activities	-60.00K	-110.0K	-180.0K
Cash From Investing Activities	-300.0K	0.000	0.000
Cash From Financing Activities	170.0K	-10.00K	550.0K
Net Change In Cash	-190.0K	-120.0K	370.0K
YoY Change	-151.35%	-47.83%	-268.18%
FREE CASH FLOW
Cash From Operating Activities	-$60.00K	-$110.0K	-$180.0K
Capital Expenditures	-$300.0K
Free Cash Flow	$240.0K
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	91647	USD
CY2014Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	91574	USD
CY2015Q3	us-gaap	Inventory Net InventoryNet	1305	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	1305	USD
CY2015Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	16606	USD
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	42567	USD
CY2015Q3	us-gaap	Prepaid Royalties PrepaidRoyalties	82905	USD
CY2014Q4	us-gaap	Prepaid Royalties PrepaidRoyalties	82905	USD
CY2015Q3	us-gaap	Assets Current AssetsCurrent	517513	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	990007	USD
CY2015Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9532	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	18489	USD
CY2015Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3537	USD
CY2014Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4242	USD
CY2015Q3	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	7027	USD
CY2014Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	15223	USD
CY2015Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1015790	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	674019	USD
CY2015Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	6213	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	7102	USD
CY2015Q3	us-gaap	Liabilities Current LiabilitiesCurrent	1157986	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	912051	USD
CY2015Q3	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	0	USD
CY2014Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	3095	USD
CY2015Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	53872952	USD
CY2014Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	53506353	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-54831798	USD
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	339374050	shares
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-53749748	USD
CY2015Q3	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	0	USD
CY2014Q4	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	25000	USD
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	-615072	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	120979	USD
CY2015Q3	us-gaap	Other Receivables OtherReceivables	11377	USD
CY2014Q4	us-gaap	Other Receivables OtherReceivables	120338	USD
CY2015Q3	us-gaap	Liabilities Liabilities	1157986	USD
CY2014Q4	us-gaap	Liabilities Liabilities	915146	USD
CY2015Q3	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	12332	USD
CY2014Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	23387	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	313673	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	651318	USD
CY2015Q3	us-gaap	Assets Assets	542914	USD
CY2014Q4	us-gaap	Assets Assets	1036125	USD
CY2015Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	128956	USD
CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	215707	USD
CY2015Q3	us-gaap	Common Stock Value CommonStockValue	343774	USD
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	339374	USD
	us-gaap	Revenues Revenues	749916	USD
	us-gaap	Revenues Revenues	139593	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1130308	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1082050	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
CY2014Q3	us-gaap	Revenues Revenues	48340	USD
CY2015Q3	us-gaap	Revenues Revenues	46191	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-387147	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-669996	USD
CY2014Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
	us-gaap	Cost Of Revenue CostOfRevenue	485018	USD
	us-gaap	Gross Profit GrossProfit	264898	USD
	us-gaap	Operating Expenses OperatingExpenses	781160	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-516262	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	1418	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	86967	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-375147	USD
	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	342972218	shares
	payd	Other Accounts Receivable Writeoffs OtherAccountsReceivableWriteoffs	278089	USD
	payd	Other Accounts Receivable Writeoffs OtherAccountsReceivableWriteoffs	108961	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	34759	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	-79983	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2765	USD
CY2014Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	328874050	shares
CY2015Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	343774049	shares
	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	0	USD
CY2014Q3	us-gaap	Cost Of Revenue CostOfRevenue	10502	USD
CY2015Q3	us-gaap	Cost Of Revenue CostOfRevenue	12676	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	37838	USD
CY2015Q3	us-gaap	Gross Profit GrossProfit	33515	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	213645	USD
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	218377	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-175807	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-184862	USD
CY2014Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-425	USD
CY2015Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-148	USD
CY2014Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	350	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
CY2014Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-157939	USD
CY2015Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-376007	USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-485116	USD
CY2014Q3	payd	Other Accounts Receivable Writeoffs OtherAccountsReceivableWriteoffs	50561	USD
CY2015Q3	payd	Other Accounts Receivable Writeoffs OtherAccountsReceivableWriteoffs	108961	USD
CY2014Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2015Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2014Q3	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	0	USD
CY2015Q3	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	0	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	20620	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	9662	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	38004	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	150999	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-225799	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	73	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-8936	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-25961	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	2042	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-347555	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-86751	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-11193	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-13614	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-315206	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-521354	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	18104	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	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	-175660	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	463285	USD
	us-gaap	Interest Paid InterestPaid	634	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	157650	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	0	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	157650	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	0	USD
	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	-79983	USD
	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	0	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	0	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-3771	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-889	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	11291	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	195000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	183709	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-337645	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	287625	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	974	USD
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	278089	USD
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	108961	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	0	USD
	us-gaap	Increase Decrease In Other Deposits IncreaseDecreaseInOtherDeposits	-17072	USD
	us-gaap	Increase Decrease In Other Deposits IncreaseDecreaseInOtherDeposits	11055	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-214759	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	3971	USD
	us-gaap	Interest Paid InterestPaid	920	USD
	us-gaap	Stock Issued1 StockIssued1	25000	USD
	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2015Q3	us-gaap	Fdic Indemnification Asset FDICIndemnificationAsset	250000	USD
CY2015Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	38609	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	278089	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	108961	USD
	us-gaap	Advertising Expense AdvertisingExpense	20282	USD
	us-gaap	Advertising Expense AdvertisingExpense	2649	USD
CY2015Q3	us-gaap	Advertising Expense AdvertisingExpense	7180	USD
CY2014Q3	us-gaap	Advertising Expense AdvertisingExpense	14	USD
CY2015Q3	us-gaap	Earnings Per Share Potentially Dilutive Securities EarningsPerSharePotentiallyDilutiveSecurities	400,000
	us-gaap	Earnings Per Share Potentially Dilutive Securities EarningsPerSharePotentiallyDilutiveSecurities	1,583,000
CY2015Q3	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	1755	USD
CY2014Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2019	USD
CY2015Q3	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	80572	USD
CY2014Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	80572	USD
CY2015Q3	payd	Stock Payment Guarantee Liabilities Current StockPaymentGuaranteeLiabilitiesCurrent	900274	USD
CY2014Q4	payd	Stock Payment Guarantee Liabilities Current StockPaymentGuaranteeLiabilitiesCurrent	554732	USD
CY2015Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	33189	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	36696	USD
CY2015Q3	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1015790	USD
CY2014Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	674019	USD
CY2015Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	500000	shares
CY2014Q4	us-gaap	Common Stock Shares Subscribed But Unissued CommonStockSharesSubscribedButUnissued	500000	shares
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2015-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	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
	dei	Trading Symbol TradingSymbol	PAYD
CY2015Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	343774049	shares
CY2015Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	550000000	shares
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	550000000	shares
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	343774049	shares
CY2015Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	343774049	shares
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	339374050	shares
	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;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="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 collectability of accounts receivables and other receivables, the valuation of inventories, the recoverability of long-lived assets, the valuation of deferred tax assets and liabilities and the estimated fair value of the royalty and advance guarantees and share-based transactions. Actual results could materially differ from those estimates.</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;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Concentration of Credit Risk</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="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 September 30, 2015, 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. Management believes that it has invested in high credit quality institutions for which the Company has not experienced any loss in its accounts and believes it is not exposed to any significant credit risk related to these accounts.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="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 both September 30, 2015 and December 31, 2014, 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">38,609</font></font>.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">For the three months ended September 30, 2015, no revenues from any one individual client accounted for more than <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of total revenues. For the three months ended September 30, 2014, revenues from two clients accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 96</font>% of total revenues. For the nine months ended September 30, 2015, no revenues from any one individual client accounted for more than <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of total revenues. For the nine months ended September 30, 2014, revenues from two clients accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 85</font>% of total revenues. These revenues were generated from the sales of our line of AuctionInc products, tour merchandise, VIP services, and merchandising and fulfillment services.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Reclassifications</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">Certain reclassifications have been made to the prior period financial statement presentation to conform to the current period financial statement presentation. The reclassifications did not have any effect on reported net losses for any period presented.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	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
CY2015Q3	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	USD
CY2014Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	USD
CY2014Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2015Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2014Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	38609	USD

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0001144204-15-064222-xbrl.zip	Edgar Link	pending
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v423999_10q.htm	Edgar Link	pending
v423999_ex31-1.htm	Edgar Link	pending
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2015 Q4 Form 10-Q Financial Statement

#000114420415064222 Filed on November 10, 2015

Income Statement

Balance Sheet

Cashflow Statement

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Files In Submission

$PAYD Paid Inc Stock $payd

2015 Q4 Form 10-Q Financial Statement

#000114420415064222 Filed on November 10, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYD
Paid Inc Stock $payd