Paid Inc (PAYD) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8401,644476632536340124
Cash and cash equivalents2,8401,644476632536340124
Receivables21517213288383927
Prepaid expense165184124110445757
Other undisclosed current assets    2031705
Total current assets:3,2202,000732830821606213
Noncurrent Assets
Operating lease, right-of-use asset6193121
Property, plant and equipment4060909192939
Intangible assets, net (including goodwill)3,1753,6334,0494,29116,19715,946277
Goodwill    10,6959,990 
Intangible assets, net (excluding goodwill)3,1753,6334,0494,2915,5025,957277
Total noncurrent assets:3,2773,7874,2604,38216,29016,039286
TOTAL ASSETS:6,4965,7874,9915,21217,11116,645499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6772762082,0271,7041,5421,097
Accounts payable2,301  75863756495
Accrued liabilities376  1,2691,0679781,001
Employee-related liabilities 252    
Taxes payable 3232    
Other undisclosed accounts payable and accrued liabilities 219174    
Debt 340241212627
Due to related parties    30170 
Deferred revenue and credits2792387
Other undisclosed current liabilities471,503882144   
Total current liabilities:2,7241,7821,1302,1952,1351,9751,131
Noncurrent Liabilities
Long-term debt and lease obligation256296122229 
Finance lease, liability  3
Capital lease obligations122229 
Operating lease, liability256294
Liabilities, other than long-term debt838  1,0881,2701,260 
Deferred tax liabilities, net1,0881,2701,260 
Deferred income tax liabilities838  
Other undisclosed noncurrent liabilities 8991,070    
Total noncurrent liabilities:8631,0231,1671,1001,2921,289 
Total liabilities:3,5882,8042,2963,2953,4273,2641,131
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9092,9832,6951,91713,68413,381(632)
Preferred stock  4444 
Common stock8622229
Treasury stock, value(58)  (58)(27)  
Additional paid in capital72,69170,08369,24268,75268,57568,78254,418
Accumulated other comprehensive income590571513344976  
Accumulated deficit(70,323)(69,626)(67,008)(67,127)(55,846)(55,407)(55,059)
Other undisclosed stockholders' equity attributable to parent 1,948(58)    
Total stockholders' equity:2,9092,9832,6951,91713,68413,381(632)
TOTAL LIABILITIES AND EQUITY:6,4965,7874,9915,21217,11116,645499

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,89012,92110,5489,2537,572524273
Revenue, net228204192
Cost of revenue(11,436)(9,810)(7,802)(6,777)(5,395)(24)(40)
Cost of goods and services sold (9,810)(7,802)(6,777)390509868
Other undisclosed gross profit   (285)(291)  
Gross profit:3,4533,1112,7472,1911,885499233
Operating expenses(3,944)(5,243)(3,459)(13,847)(2,576)(954)(1,067)
Operating loss:(491)(2,131)(712)(11,655)(691)(455)(834)
Nonoperating income (expense) 2199261(2)108(475)
Other nonoperating income 219886625621
Interest and debt expense(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:(491)(2,110)280(11,595)(693)(347)(1,309)
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(491)(2,110)280(11,595)(693)(347)(1,309)
Income tax expense (benefit)(206)(122)26376(0)(1)
Net income (loss) attributable to parent:(697)(2,233)282(11,532)(617)(348)(1,309)
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:(697)(2,261)90(11,453)(464)(348)(1,309)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(697)(2,233)282(11,532)(617)(348)(1,309)
Other comprehensive income (loss) (2,175)451(12,163)359  
Comprehensive income (loss):(697)(4,407)733(23,695)(258)(348)(1,309)
Other undisclosed comprehensive income, net of tax, attributable to parent19      
Comprehensive income (loss), net of tax, attributable to parent:(677)(4,407)733(23,695)(258)(348)(1,309)

Statements sources

The financial statements are based on the company's filings with the 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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