XML 40 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 9,424,385 $ 9,663,746
Restricted Cash 45,424,829 35,908,559
Accounts Receivable 911,597 891,936
Prepaid expenses and other assets 1,380,683 1,413,208
Total current assets 57,141,494 47,877,449
Fixed assets, net 1,798,751 937,185
Intangible assets, net 3,948,413 3,816,232
Deferred tax asset 993,382 917,480
Total assets 63,882,040 53,548,346
Current liabilities    
Accounts payable and accrued liabilities 1,999,046 1,523,604
Customer card funding 40,292,331 32,723,227
Total current liabilities 42,291,377 34,246,831
Total liabilities 42,291,377 34,246,831
Stockholders' equity    
Preferred stock: $0.001 par value; 25,000,000 shares authorized; none issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock: $0.001 par value; 150,000,000 shares authorized, 49,016,270 and 48,577,712 issued at March 31, 2020 and December 31, 2019, respectively 49,016 48,578
Additional paid-in capital 12,062,197 11,577,539
Treasury stock at cost, 303,450 shares (150,000) (150,000)
Retained earnings 9,629,450 8,088,485
Total Paysign, Inc.'s stockholders' equity 21,590,663 19,564,602
Noncontrolling interest 0 (263,087)
Total stockholders' equity 21,590,663 19,301,515
Total liabilities and stockholders' equity $ 63,882,040 $ 53,548,346