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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues $ 6,443,065 $ 8,636,271 $ 17,019,538 $ 15,893,561
Cost of revenues 3,138,350 3,598,038 7,993,870 7,080,174
Gross profit 3,304,715 5,038,233 9,025,668 8,813,387
Operating expenses        
Selling, general and administrative 3,401,501 3,012,972 7,228,825 5,717,921
Loss on abandonment of assets 42,898 0 42,898 0
Depreciation and amortization 506,477 395,510 1,008,854 729,271
Total operating expenses 3,950,876 3,408,482 8,280,576 6,447,192
Income (loss) from operations (646,161) 1,629,751 745,092 2,366,195
Other income (expense)        
Interest income 3,130 131,812 65,291 250,985
Total other income 3,130 131,812 65,291 250,985
Income (loss) before income tax provision (benefit) and noncontrolling interest (643,031) 1,761,563 810,383 2,617,180
Income tax provision (benefit) (423,797) 23,276 (511,348) 7,786
Net income (loss) before noncontrolling interest (219,234) 1,738,287 1,321,731 2,609,394
Net loss attributable to the noncontrolling interest 0 504 0 1,068
Net income (loss) attributable to Paysign, Inc. $ (219,234) $ 1,738,791 $ 1,321,731 $ 2,610,462
Net income (loss) per share - basic $ 0.00 $ 0.04 $ 0.03 $ 0.06
Net income (loss) per share - diluted $ 0.00 $ 0.03 $ 0.02 $ 0.05
Weighted average common shares outstanding - basic 49,015,686 47,310,209 48,864,424 47,136,608
Weighted average common shares outstanding - diluted 54,396,850 54,967,595 54,542,458 54,739,483
Plasma Industry [Member]        
Revenues $ 4,572,439 $ 6,542,655 $ 11,915,849 $ 12,427,232
Pharma industry [Member]        
Revenues 1,768,565 2,093,616 4,788,942 3,466,329
Other [Member]        
Revenues $ 102,061 $ 0 $ 314,747 $ 0