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PAYD Paid

PAID Inc. (the “Company” or “PAID”) was incorporated in Delaware on August 9, 1995. The Company has multiple web addresses, www.paid.com, which offers updated information on various aspects of our operations and www.shiptime.com which showcases our online label generation software. Information contained in the Company's website shall not be deemed to be a part of this Annual Report. The Company's principal executive offices are located at 225 Cedar Hill Street, Marlborough, Massachusetts 01581 with offices also located at 700 Dorval Drive, Oakville, Ontario, Canada. The Company's telephone number is (617) 861-6050.

Company profile

Ticker
PAYD
Exchange
CEO
Allan Pratt
Employees
Incorporated
Location
Fiscal year end
Former names
ROSE INTERNATIONAL LTD, SALES ONLINE DIRECT INC, SECURITIES RESOLUTION ADVISORS INC
SEC CIK
IRS number
731479833

PAYD stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

31 Mar 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Paid earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.64M 1.64M 1.64M 1.64M 1.64M 1.64M
Cash burn (monthly) (positive/no burn) (positive/no burn) 662.41K 177.62K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 2.25M 602.8K n/a n/a
Cash remaining n/a n/a -603.8K 1.04M n/a n/a
Runway (months of cash) n/a n/a -0.9 5.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Nov 20 Bradley Laurie Diane Option to Purchase Common Stock Grant Aquire A No No 2.885 10,000 28.85K 47,500
10 Nov 20 Andrew Pilaro Option to Purchase Common Stock Grant Aquire A No No 2.885 10,000 28.85K 66,000
10 Nov 20 David Ogden Option to Purchase Common Stock Grant Aquire A Yes No 2.885 5,000 14.43K 35,000
28 Sep 20 Lewis William Austin IV Common Stock Grant Aquire A Yes No 0.81 178,000 144.18K 1,676,178
28 Sep 20 Lewis William Austin IV Common Stock Grant Aquire A No No 0.13 274,120 35.64K 1,498,178
12 May 20 Pratt Allan Common Stock Grant Aquire A No No 0.13 363,260 47.22K 1,262,284

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 6 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Freedman Financial Associates 6 $0 NEW
Largest transactions
Shares Bought/sold Change
Freedman Financial Associates 6 +6 NEW

Financial report summary

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Risks
  • We have experienced operating losses.
  • Our capital is limited and we may need additional financing to continue operations.
  • We are unable to guarantee that the marketplace will accept our software products.
  • Our operating results are unpredictable.
  • The successful operation of our business depends upon the supply of critical technology elements from other third parties, including our internet service provider and technology licensors.
  • Our failure to manage growth could place a significant strain on our management, operational and financial resources.
  • Our Company's success still depends upon the continued services of its current management and other relationships.
  • Our Company's success will depend on our ability to attract and retain qualified personnel.
  • Our success depends upon market awareness of our brand.
  • System failures could result in interruptions in our service, which could harm our business.
  • We currently identify vulnerabilities with our communications hardware and computer hardware.
  • There are certain provisions of Delaware law that could have anti-takeover effects.
  • Our success is dependent in part on our ability to obtain and maintain proprietary protection for our technologies and processes.
  • Intellectual property infringement claims would harm our business.
  • Our success is dependent on licensed technologies.
  • We may be exposed to liability for content retrieved from our websites.
  • The Company may be exposed to potential risks relating to our significant deficiencies and material weaknesses in our internal controls over financial reporting.
  • The market for online services is intensely competitive with low barriers to entry.
  • We may be adversely affected by the deterioration in economic conditions, which could affect consumer and corporate spending and our ability to raise capital, and, therefore, significantly adversely impact our operating results.
  • Security breaches and credit card fraud could harm our business.
  • Our industry may be exposed to increased government regulation.
  • Our stock price has been and may continue to be very volatile.
  • “Penny stock” regulations may impose certain restrictions on marketability of securities.
  • The market for our Company's securities is limited and may not provide adequate liquidity.
Management Discussion
  • Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • This Annual Report on Form 10-K contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding the Company and its business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates", "could", "may", "should", "will", "would", and similar expressions or variations of such words are intended to identify forward-looking statements in this report. Additionally, statements concerning future matters such as the development of new services, technology enhancements, purchase of equipment, credit arrangements, possible changes in legislation and other statements regarding matters that are not historical are forward-looking statements.
  • Although forward-looking statements in this Annual Report reflect the good faith judgment of the Company's management, such statements can only be based on facts and factors currently known by the Company. Consequently, forward-looking statements are inherently subject to risks, contingencies and uncertainties, and actual results and outcomes may differ materially from results and outcomes discussed in this report. Although the Company believes that its plans, intentions and expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that its plans, intentions or expectations will be achieved. For a more complete discussion of these risk factors, see Item 1A, "Risk Factors.”
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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