Paid Inc (PAYD) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 FRIBERG PARKWAY
WESTBOROUGH, MA 01581
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7872,8401,644476632536
Cash and cash equivalents1,7872,8401,644476632536
Receivables1,7732151721328838
Prepaid expense15116518412411044
Other undisclosed current assets      203
Total current assets:3,7123,2202,000732830821
Noncurrent Assets
Operating lease, right-of-use asset236193121
Property, plant and equipment234060909192
Intangible assets, net (including goodwill)2,6633,1753,6334,0494,29116,197
Goodwill      10,695
Intangible assets, net (excluding goodwill)2,6633,1753,6334,0494,2915,502
Total noncurrent assets:2,7103,2773,7874,2604,38216,290
TOTAL ASSETS:6,4226,4965,7874,9915,21217,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0412,6772762082,0271,704
Taxes payable 3232  
Employee-related liabilities 252  
Accounts payable1,6102,301  758637
Accrued liabilities431376  1,2691,067
Other undisclosed accounts payable and accrued liabilities   219174  
Debt   34024121
Deferred revenue and credits279
Due to related parties     30
Other undisclosed current liabilities35471,503882144 
Total current liabilities:2,0762,7241,7821,1302,1952,135
Noncurrent Liabilities
Long-term debt and lease obligation  2562961222
Capital lease obligations1222
Finance lease, liability    3
Liabilities, other than long-term debt973838  1,0881,270
Deferred tax liabilities, net1,0881,270
Deferred income tax liabilities708838  
Liability for uncertainty in income taxes265     
Operating lease, liability  256294
Other undisclosed noncurrent liabilities   8991,070  
Total noncurrent liabilities:9738631,0231,1671,1001,292
Total liabilities:3,0503,5882,8042,2963,2953,427
Equity
Equity, attributable to parent, including:3,3722,9092,9832,6951,91713,684
Preferred stock    444
Common stock886222
Treasury stock, value(165)(58)  (58)(27)
Additional paid in capital72,80172,69170,08369,24268,75268,575
Deferred compensation equity (82)     
Accumulated other comprehensive income316590571513344976
Accumulated deficit(69,670)(70,323)(69,626)(67,008)(67,127)(55,846)
Other undisclosed equity, attributable to parent 164 1,948(58)  
Total equity:3,3722,9092,9832,6951,91713,684
TOTAL LIABILITIES AND EQUITY:6,4226,4965,7874,9915,21217,111

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues16,58614,89012,92110,5489,2537,572
Cost of revenue(12,897)(11,436)(9,810)(7,802)(6,777)(5,395)
Cost of goods and services sold   (9,810)(7,802)(6,777)390
Other undisclosed gross profit     (285)(291)
Gross profit:3,6893,4533,1112,7472,1911,885
Operating expenses(3,630)(3,944)(5,243)(3,459)(13,847)(2,576)
Operating income (loss):59(491)(2,131)(712)(11,655)(691)
Nonoperating income (expense)   2199261(2)
Other nonoperating income   219886625
Interest and debt expense 32(0)(1)(2)  
Other undisclosed income from continuing operations before equity method investments, income taxes  12  
Income (loss) from continuing operations before equity method investments, income taxes:91(491)(2,110)280(11,595)(693)
Other undisclosed income from continuing operations before income taxes1040    
Income (loss) from continuing operations before income taxes:196(491)(2,110)280(11,595)(693)
Income tax expense (benefit)456(206)(122)26376
Income (loss) from continuing operations:652(697)(2,233)282(11,532)(617)
Income (loss) before gain (loss) on sale of properties:(697)(2,233)282(11,532)(617)
Net income (loss) attributable to parent:652(697)(2,233)282(11,532)(617)
Preferred stock dividends and other adjustments   2919217225
Other undisclosed net income (loss) available to common stockholders, basic   (57)(384)(94)128
Net income (loss) available to common stockholders, diluted:652(697)(2,261)90(11,453)(464)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):652(697)(2,233)282(11,532)(617)
Other comprehensive income (loss)   (2,175)451(12,163)359
Comprehensive income (loss):652(697)(4,407)733(23,695)(258)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(274)19    
Comprehensive income (loss), net of tax, attributable to parent:378(677)(4,407)733(23,695)(258)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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