Paysign, Inc. (PAYS) financial statements (2023 and earlier)

Company profile

Business Address 2615 ST. ROSE PARKWAY
HENDERSON, NV 89052
State of Incorp. NV
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 investments7,3877,8299,6645,6152,7481,6321,389
Cash and cash equivalents7,3877,8299,6645,6152,7481,6321,389
Restricted cash and investments   26,05114,41610,0037,064
Receivables4,41365589233716611017
Other undisclosed current assets62,52749,47637,3221,175573271254
Total current assets:74,32757,96147,87733,17817,90312,0158,724
Noncurrent Assets
Operating lease, right-of-use asset3,9944,325 
Property, plant and equipment1,6431,849937883854301272
Intangible assets, net (including goodwill)4,0873,6993,8162,1161,6401,5501,264
Intangible assets, net (excluding goodwill)4,0873,6993,8162,1161,6401,5501,264
Other undisclosed noncurrent assets  917 664
Total noncurrent assets:9,7249,8735,6712,9992,5001,8561,540
TOTAL ASSETS:84,05167,83453,54836,17820,40313,87210,264
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,7652,1621,5241,3271,145766465
Employee-related liabilities285      
Settlement liabilities      1,255
Other undisclosed accounts payable and accrued liabilities5,4802,1621,5241,3271,145766(789)
Deferred revenue61,28448,101 
Debt     124174
Estimated litigation liability     255915
Due to related parties     72126
Customer advances and deposits14,41610,0037,064
Other undisclosed current liabilities34032132,72325,961   
Total current liabilities:67,39050,58434,24727,28815,56211,2198,745
Noncurrent Liabilities
Long-term debt and lease obligation3,6734,014   28 
Long-term debt, excluding current maturities     28 
Operating lease, liability3,6734,014 
Liabilities, other than long-term debt      339
Estimated litigation liability      339
Other undisclosed noncurrent liabilities(3,673)(4,014)     
Total noncurrent liabilities:3,6734,014   28339
Total liabilities:71,06354,59734,24727,28815,56211,2479,084
Stockholders' equity
Stockholders' equity attributable to parent12,98813,23619,5659,0965,0412,8201,272
Common stock52504946444343
Treasury stock, value(150)(150)(150)(150)(150)(150)(150)
Additional paid in capital16,86014,38911,5788,6207,1566,7266,580
Retained earnings (accumulated deficit)(3,774)(1,053)8,088580(2,008)(3,800)(5,200)
Stockholders' equity attributable to noncontrolling interest  (263)(207)(200)(195)(92)
Total stockholders' equity:12,98813,23619,3028,8894,8412,6251,180
TOTAL LIABILITIES AND EQUITY:84,05167,83453,54836,17820,40313,87210,264

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
Revenues29,46524,12034,66723,42415,23410,4178,108
Cost of revenue(14,753)(14,817)(15,425)(12,026)(8,534)(5,197)(4,020)
Cost of goods and services sold(14,753)      
Gross profit:14,7129,30319,24111,3976,7005,2194,088
Operating expenses(17,451)(17,642)(13,140)(8,925)(4,932)(3,861)(4,097)
Operating income (loss):(2,739)(8,338)6,1022,4731,7681,359(9)
Nonoperating income (expense)  44110924(61)(2,541)
Other nonoperating income (expense)   (31) 16 
Interest and debt expense    (32)(77)11
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 91  3277(11)
Income (loss) from continuing operations before income taxes:(2,739)(8,247)6,5432,5811,7921,298(2,550)
Income tax expense (benefit)(10)(894)910 (6)  
Income (loss) before gain (loss) on sale of properties:(2,750)(9,142)7,4532,5811,7861,298(2,550)
Other undisclosed net income38      
Net income (loss):(2,711)(9,142)7,4532,5811,7861,298(2,550)
Other undisclosed net income (loss) attributable to parent(10) 275103139
Net income (loss) available to common stockholders, diluted:(2,721)(9,142)7,4542,5881,7911,401(2,410)

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):(2,711)(9,142)7,4532,5811,7861,298(2,550)
Comprehensive income (loss), net of tax, attributable to parent:(2,711)(9,142)7,4532,5811,7861,298(2,550)

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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