$PAYD
PAID INC

2011 Q3 Form 10-Q Financial Statement

#000144530511002389 Filed on August 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2011 Q2 2010 Q2
Revenue $1.620M $1.675M $1.194M
YoY Change -61.3% 40.19% -26.27%
Cost Of Revenue $1.011M $1.083M $664.2K
YoY Change -65.24% 63.03% -34.88%
Gross Profit $609.9K $591.6K $530.2K
YoY Change -52.33% 11.58% -11.63%
Gross Profit Margin 37.64% 35.33% 44.39%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K $0.00
YoY Change 0.0% -100.0%
% of Gross Profit 1.64% 1.69% 0.0%
Operating Expenses $1.412M $1.402M $1.335M
YoY Change -13.0% 5.01% -21.91%
Operating Profit -$802.5K -$810.7K -$805.1K
YoY Change 133.32% 0.69% -27.46%
Interest Expense $800.00 $800.00 $0.00
YoY Change 231.95%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$803.3K -$811.4K -$805.1K
YoY Change 133.39% 0.78% -27.46%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$803.3K -$811.4K -$805.1K
YoY Change 133.39% 0.78% -27.46%
Net Earnings / Revenue -49.57% -48.46% -67.41%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share -$1.356M -$1.397M -$1.473M
COMMON SHARES
Basic Shares Outstanding 291.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q3 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $980.0K $480.0K $2.760M
YoY Change -20.33% -82.61% -9.21%
Cash & Equivalents $984.0K $479.3K $2.760M
Short-Term Investments
Other Short-Term Assets $1.510M $1.250M $1.630M
YoY Change 48.04% -23.31% 18.98%
Inventory $1.068M $998.6K $1.100M
Prepaid Expenses $537.2K $233.6K
Receivables $328.2K $197.6K $440.0K
Other Receivables $0.00 $0.00 $30.00K
Total Short-Term Assets $3.889M $2.926M $5.950M
YoY Change -2.77% -50.82% 5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $95.77K $95.89K $50.00K
YoY Change 91.55% 91.77% 150.0%
Goodwill
YoY Change
Intangibles $7.301K $7.537K
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.060M
YoY Change
Total Long-Term Assets $1.168M $103.4K $60.00K
YoY Change 1846.06% 72.37% 100.0%
TOTAL ASSETS
Total Short-Term Assets $3.889M $2.926M $5.950M
Total Long-Term Assets $1.168M $103.4K $60.00K
Total Assets $5.057M $3.029M $6.010M
YoY Change 24.56% -49.6% 6.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.0K $330.0K $330.0K
YoY Change -8.33% 0.0% 43.48%
Accrued Expenses $520.0K $500.0K $550.0K
YoY Change -29.73% -9.09% -11.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K $10.00K
YoY Change
Total Short-Term Liabilities $2.107M $1.288M $3.650M
YoY Change 64.61% -64.71% -28.85%
LONG-TERM LIABILITIES
Long-Term Debt $30.00K $30.00K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $30.00K $30.00K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.107M $1.288M $3.650M
Total Long-Term Liabilities $30.00K $30.00K $0.00
Total Liabilities $2.130M $1.320M $3.650M
YoY Change 66.41% -63.84% -28.85%
SHAREHOLDERS EQUITY
Retained Earnings -$45.47M -$44.67M
YoY Change
Common Stock $301.3K $291.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.925M $1.713M $2.360M
YoY Change
Total Liabilities & Shareholders Equity $5.057M $3.029M $6.010M
YoY Change 24.56% -49.6% 6.37%

Cashflow Statement

Concept 2011 Q3 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income -$803.3K -$811.4K -$805.1K
YoY Change 133.39% 0.78% -27.46%
Depreciation, Depletion And Amortization $10.00K $10.00K $0.00
YoY Change 0.0% -100.0%
Cash From Operating Activities $430.0K $110.0K $1.820M
YoY Change -124.16% -93.96% -39.93%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K $0.00
YoY Change 0.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.00K -$10.00K $0.00
YoY Change 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 0.000 40.00K
YoY Change -73.08% -100.0% -180.0%
NET CHANGE
Cash From Operating Activities 430.0K 110.0K 1.820M
Cash From Investing Activities -10.00K -10.00K 0.000
Cash From Financing Activities 70.00K 0.000 40.00K
Net Change In Cash 490.0K 100.0K 1.860M
YoY Change -132.03% -94.62% -37.58%
FREE CASH FLOW
Cash From Operating Activities $430.0K $110.0K $1.820M
Capital Expenditures -$10.00K -$10.00K $0.00
Free Cash Flow $440.0K $120.0K $1.820M
YoY Change -124.86% -93.41% -39.93%

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Files In Submission

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0001445305-11-002389-index-headers.html Edgar Link pending
0001445305-11-002389-index.html Edgar Link pending
0001445305-11-002389.txt Edgar Link pending
0001445305-11-002389-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
paidinc_bw.jpg Edgar Link pending
paidjune2011-10q.htm Edgar Link pending
payd-20110630.xml Edgar Link completed
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payd-20110630_cal.xml Edgar Link unprocessable
payd-20110630_def.xml Edgar Link unprocessable
payd-20110630_lab.xml Edgar Link unprocessable
payd-20110630_pre.xml Edgar Link unprocessable
q2ex311.htm Edgar Link pending
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R11.htm Edgar Link pending
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