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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9011,7701,7873,0313,2122,876
Cash and cash equivalents1,9011,7701,7873,0313,2122,876
Receivables2,0711,9271,773305293310
Prepaid expense539315111474130
Total current assets:4,0253,7893,7123,4503,5793,316
Noncurrent Assets
Operating lease, right-of-use asset51423314353
Property, plant and equipment172023273237
Intangible assets, net (including goodwill)2,5792,5972,6632,6962,9633,135
Intangible assets, net (excluding goodwill)2,5792,5972,6632,6962,9633,135
Total noncurrent assets:2,6022,6322,7102,7533,0383,225
TOTAL ASSETS:6,6276,4216,4226,2046,6176,540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9571,9532,0412,8832,8732,807
Taxes payable7663232
Employee-related liabilities1373654
Accounts payable1,5561,6051,6101,4212,3842,156
Accrued liabilities401348431559421565
Other undisclosed current liabilities162535(94)(19)(36)
Total current liabilities:1,9731,9772,0762,7892,8552,771
Noncurrent Liabilities
Long-term debt and lease obligation:     516
Liabilities, other than long-term debt998976973770824850
Deferred income tax liabilities733711708770824850
Liability for uncertainty in income taxes265265265   
Operating lease, liability     516
Total noncurrent liabilities:998976973770829865
Total liabilities:2,9712,9543,0503,5593,6843,636
Equity
Equity, attributable to parent, including:3,6563,4673,3722,6452,9332,905
Common stock888888
Treasury stock, value(165)(165)(165)(58)(58)(58)
Additional paid in capital73,37373,27572,80172,76772,75172,709
Deferred compensation equity   (82)   
Accumulated other comprehensive income348314316337535628
Accumulated deficit(69,908)(69,965)(69,670)(70,409)(70,303)(70,383)
Other undisclosed equity, attributable to parent   164   
Total equity:3,6563,4673,3722,6452,9332,905
TOTAL LIABILITIES AND EQUITY:6,6276,4216,4226,2046,6176,540

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues4,1303,8064,2954,1454,5363,610
Cost of revenue(3,186)(2,954)(3,344)(3,228)(3,514)(2,811)
Gross profit:9458539519171,022798
Operating expenses(1,012)(1,272)(963)(946)(863)(858)
Operating income (loss):(67)(420)(12)(29)159(60)
Other undisclosed income from continuing operations before equity method investments, income taxes   32   
Income (loss) from continuing operations before equity method investments, income taxes:(67)(420)21(29)159(60)
Other undisclosed income from continuing operations before income taxes125125104   
Income (loss) from continuing operations before income taxes:58(295)125(29)159(60)
Income tax expense (benefit) (0)(0)614(77)(79)(1)
Income (loss) from continuing operations:57(295)739(106)80(60)
Income (loss) before gain (loss) on sale of properties:(106)80(60)
Net income (loss) available to common stockholders, diluted:57(295)739(106)80(60)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):57(295)739(106)80(60)
Comprehensive income (loss):57(295)739(106)80(60)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent34(2)(21)(198)(93)38
Comprehensive income (loss), net of tax, attributable to parent:91(297)718(304)(13)(22)

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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