$USIO
Usio, Inc. Stock $usio

$usio Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000108803420000012 Filed on May 14, 2020

Income Statement

Concept	2020 Q1	2019 Q4	2019 Q1
Revenue	$7.772M	$7.370M	$6.588M
YoY Change	17.97%	14.8%	12.74%
Cost Of Revenue	$5.843M	$5.870M	$5.252M
YoY Change	11.25%	19.8%	14.86%
Gross Profit	$1.928M	$1.500M	$1.336M
YoY Change	44.36%	-1.32%	5.1%
Gross Profit Margin	24.81%	20.35%	20.28%
Selling, General & Admin	$2.798M	$340.0K	$2.432M
YoY Change	15.05%	17.24%	4.29%
% of Gross Profit	145.08%	22.67%	182.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$137.8K	$540.0K	$236.5K
YoY Change	-41.75%	10.2%	13.36%
% of Gross Profit	7.15%	36.0%	17.71%
Operating Expenses	$2.798M	$2.980M	$2.432M
YoY Change	15.05%	25.21%	-64.78%
Operating Profit	-$869.3K	-$1.480M	-$1.096M
YoY Change	-20.68%	72.09%	3.32%
Interest Expense	$10.00K	$20.00K	$20.00K
YoY Change	-50.0%	-33.33%	100.0%
% of Operating Profit
Other Income/Expense, Net	$11.84K	-$30.00K	$23.08K
YoY Change	-48.67%		131.24%
Pretax Income	-$857.5K	-$1.500M	-$1.073M
YoY Change	-20.08%	80.72%	2.1%
Income Tax	-$22.47K	$30.00K	$0.00
% Of Pretax Income
Net Earnings	-$835.0K	-$1.530M	-$1.073M
YoY Change	-22.17%	73.86%	2.1%
Net Earnings / Revenue	-10.74%	-20.76%	-16.29%
Basic Earnings Per Share	-$0.06		-$0.09
Diluted Earnings Per Share	-$0.06	-$116.7K	-$0.09
COMMON SHARES
Basic Shares Outstanding	13.13M	16.91M shares	12.62M shares
Diluted Shares Outstanding	13.13M		12.62M shares

Balance Sheet

Concept	2020 Q1	2019 Q4	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.740M	$2.140M	$4.470M
YoY Change	-61.07%	-20.74%	28.82%
Cash & Equivalents	$1.743M	$2.138M	$3.492M
Short-Term Investments
Other Short-Term Assets	$39.23M	$49.63M	$46.71M
YoY Change	-16.01%	-12.76%	-12.2%
Inventory
Prepaid Expenses	$242.4K	$183.6K	$241.6K
Receivables	$1.082M	$1.274M	$1.135M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$42.06M	$53.05M	$52.42M
YoY Change	-19.77%	-12.9%	-9.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.572M	$1.558M	$1.849M
YoY Change	-14.96%	-19.41%	-4.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$424.7K	$404.1K	$320.8K
YoY Change	32.39%	-92.49%	75.61%
Total Long-Term Assets	$8.242M	$8.513M	$7.757M
YoY Change	6.24%	58.32%	29.22%
TOTAL ASSETS
Total Short-Term Assets	$42.06M	$53.05M	$52.42M
Total Long-Term Assets	$8.242M	$8.513M	$7.757M
Total Assets	$50.30M	$61.56M	$62.03M
YoY Change	-18.91%	-9.76%	-5.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$244.8K	$419.8K	$220.4K
YoY Change	11.1%	36.24%	-2.38%
Accrued Expenses	$1.370M	$1.361M	$1.957M
YoY Change	-30.02%	59.55%	94.33%
Deferred Revenue	$110.3K	$123.5K	$5.000K
YoY Change	2105.88%	517.65%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$40.95M	$51.71M	$48.84M
YoY Change	-16.15%	-11.61%	-9.82%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.350M	$2.280M	$2.560M
YoY Change	-8.2%	2750.0%
Total Long-Term Liabilities	$2.350M	$2.280M	$2.560M
YoY Change	-8.2%	2750.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$40.95M	$51.71M	$48.84M
Total Long-Term Liabilities	$2.350M	$2.280M	$2.560M
Total Liabilities	$43.30M	$53.99M	$51.40M
YoY Change	-15.77%	-7.84%	-5.07%
SHAREHOLDERS EQUITY
Retained Earnings	-$62.99M	-$62.15M	-$58.11M
YoY Change	8.39%	8.97%	6.99%
Common Stock	$186.7K	$186.7K	$186.4K
YoY Change	0.17%	0.59%	0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.912M	$1.885M	$1.835M
YoY Change	4.18%	3.96%	2.7%
Treasury Stock Shares	1.138M shares	$1.120M	1.098M shares
Shareholders Equity	$7.003M	$7.568M	$10.63M
YoY Change
Total Liabilities & Shareholders Equity	$50.30M	$61.56M	$62.03M
YoY Change	-18.91%	-9.76%	-5.51%

Cashflow Statement

Concept	2020 Q1	2019 Q4	2019 Q1
OPERATING ACTIVITIES
Net Income	-$835.0K	-$1.530M	-$1.073M
YoY Change	-22.17%	73.86%	2.1%
Depreciation, Depletion And Amortization	$137.8K	$540.0K	$236.5K
YoY Change	-41.75%	10.2%	13.36%
Cash From Operating Activities	-$1.654M	-$750.0K	-$1.197M
YoY Change	38.27%	-11.76%	400.46%
INVESTING ACTIVITIES
Capital Expenditures	$152.7K	-$110.0K	$152.9K
YoY Change	-0.18%	-8.33%	418.35%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change
Cash From Investing Activities	-$152.7K	-$110.0K	-$152.9K
YoY Change	-0.18%	-8.33%	418.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$26.63K		-$1.772M
YoY Change	-101.5%		-285.34%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-26.63K	-20.00K	$1.772M
YoY Change	-101.5%	100.0%	-285.34%
NET CHANGE
Cash From Operating Activities	-1.654M	-750.0K	-$1.197M
Cash From Investing Activities	-152.7K	-110.0K	-$152.9K
Cash From Financing Activities	-26.63K	-20.00K	$1.772M
Net Change In Cash	-1.834M	-880.0K	$422.6K
YoY Change	-533.89%	-10.2%	-134.51%
FREE CASH FLOW
Cash From Operating Activities	-$1.654M	-$750.0K	-$1.197M
Capital Expenditures	$152.7K	-$110.0K	$152.9K
Free Cash Flow	-$1.807M	-$640.0K	-$1.349M
YoY Change	33.92%	-12.33%	402.42%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q1	pyds	Increase Decrease In Prepaid Card Load Liabilities IncreaseDecreaseInPrepaidCardLoadLiabilities	53141	USD
CY2019Q1	pyds	Increase Decrease In Restricted Cash And Cash Equivalents Current Operating Activities IncreaseDecreaseInRestrictedCashAndCashEquivalentsCurrentOperatingActivities	1347909	USD
CY2020Q1	pyds	Increase Decrease In Restricted Cash And Cash Equivalents Current Operating Activities IncreaseDecreaseInRestrictedCashAndCashEquivalentsCurrentOperatingActivities	1492000	USD
CY2019Q4	pyds	Liabilities Current Excluding Restricted Cash LiabilitiesCurrentExcludingRestrictedCash	41695327	USD
CY2020Q1	pyds	Liabilities Current Excluding Restricted Cash LiabilitiesCurrentExcludingRestrictedCash	32424975	USD
CY2020Q1	pyds	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-54767	USD
CY2019Q1	pyds	Increase Decrease In Operating Lease Rightof Use Asset IncreaseDecreaseInOperatingLeaseRightofUseAsset	2616128	USD
CY2020Q1	pyds	Increase Decrease In Operating Lease Rightof Use Asset IncreaseDecreaseInOperatingLeaseRightofUseAsset	-56727	USD
CY2018Q4	pyds	Merchant Reserves Current MerchantReservesCurrent	12645803	USD
CY2019Q1	pyds	Merchant Reserves Current MerchantReservesCurrent	11297894	USD
CY2020Q1	dei	Amendment Flag AmendmentFlag	false
CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001088034
CY2020Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	18629671	shares
CY2020Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	USIO, INC.
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	true
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CY2019Q1	pyds	Amortization Of Warrant Costs AmortizationOfWarrantCosts	8985	USD
CY2020Q1	pyds	Amortization Of Warrant Costs AmortizationOfWarrantCosts	8985	USD
CY2019Q4	pyds	Assets Current Excluding Merchant Reserves AssetsCurrentExcludingMerchantReserves	43030370	USD
CY2020Q1	pyds	Assets Current Excluding Merchant Reserves AssetsCurrentExcludingMerchantReserves	33533113	USD
CY2019Q4	pyds	Assets Noncurrent Excluding Property Plant And Equipment Net AssetsNoncurrentExcludingPropertyPlantAndEquipmentNet	6955384	USD
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CY2020Q1	us-gaap	Liabilities Current LiabilitiesCurrent	40949879	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1772083	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-26629	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-152923	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-152654	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1196528	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1654473	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-1072889	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-835009	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	23075	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	11844	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1095964	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-869327	USD
CY2019Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	103522	USD
CY2020Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	68086	USD
CY2020Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	2581030	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	2775259	USD
CY2019Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	356184	USD
CY2020Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	234553	USD
CY2019Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2279613	USD
CY2020Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2346477	USD
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2480902	USD
CY2020Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2424175	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2688412	USD
CY2019Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	51200000	USD
CY2019Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	92385	USD
CY2020Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	124859	USD
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	404055	USD
CY2020Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	424749	USD
CY2019Q1	us-gaap	Other General Expense OtherGeneralExpense	1661739	USD
CY2020Q1	us-gaap	Other General Expense OtherGeneralExpense	2122106	USD
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1	USD
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	688	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	21822	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	26629	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	152923	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	152654	USD
CY2019Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2020Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2020Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2019Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2020Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2020Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2019Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	183575	USD
CY2020Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	242419	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1793905	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1557521	USD
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1572381	USD
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-62151988	USD
CY2020Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-62986997	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6588032	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	7771679	USD
CY2019Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2431695	USD
CY2020Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2797611	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	283408	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	287710	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	59491	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	9633726	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	10625313	USD
CY2019Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1793905	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	58613	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	7568335	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	7003392	USD
CY2019Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1119579	shares
CY2020Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	1137924	shares
CY2019Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1885452	USD
CY2020Q1	us-gaap	Treasury Stock Value TreasuryStockValue	1912081	USD
CY2019Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	21822	USD
CY2020Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	26629	USD
CY2019Q4	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	506153	USD
CY2020Q1	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	539153	USD
CY2019Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2020Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12621857	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13127229	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12621857	shares
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13127229	shares
CY2020Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001088034-20-000012-index-headers.html	Edgar Link	pending
0001088034-20-000012-index.html	Edgar Link	pending
0001088034-20-000012.txt	Edgar Link	pending
0001088034-20-000012-xbrl.zip	Edgar Link	pending
exhibit_3113312020.htm	Edgar Link	pending
exhibit_3123312020.htm	Edgar Link	pending
exhibit_3213312020.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
pyds-20200331.xml	Edgar Link	completed
pyds-20200331.xsd	Edgar Link	pending
pyds-20200331_cal.xml	Edgar Link	unprocessable
pyds-20200331_def.xml	Edgar Link	unprocessable
pyds-20200331_lab.xml	Edgar Link	unprocessable
pyds-20200331_pre.xml	Edgar Link	unprocessable
pyds_331202010-q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$USIO
Usio, Inc. Stock $usio

2020 Q1 Form 10-Q Financial Statement

#000108803420000012 Filed on May 14, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$USIO Usio, Inc. Stock $usio

2020 Q1 Form 10-Q Financial Statement

#000108803420000012 Filed on May 14, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$USIO
Usio, Inc. Stock $usio