PAID INC. Q2 2025 Update: Board Changes & Financials

TL;DR

**PAID INC. Q2 2025: New board members, stock option details filed.**

AI Summary

PAID INC. filed its 10-Q for the period ending June 30, 2025. The company reported financial results for the second quarter of 2025, including details on employee stock options. The filing also noted the appointment of three new board members on May 15, 2025.

Why It Matters

This filing provides investors with an update on PAID INC.'s financial performance and corporate governance, including key personnel changes that could impact future strategy.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediately apparent significant negative events.

Key Numbers

• Q2 2025 — Reporting Period (Financial results for the second quarter of 2025 are detailed.)
• June 30, 2025 — Period End Date (The 10-Q covers financial activities up to this date.)

Key Players & Entities

• PAID INC. (company) — Filer of the 10-Q
• 20250630 (date) — End of the reporting period
• 20250815 (date) — Filing date of the 10-Q
• May 15, 2025 (date) — Date of board member appointment

FAQ

Key Financial Figures

• $0.001 — ection 12(g) of the Act: Common Stock, $0.001 Par Value Indicate by check mark whet

Filing Documents

• payd20250630_10q.htm (10-Q) — 913KB
• ex_850017.htm (EX-31.1) — 12KB
• ex_850016.htm (EX-32) — 5KB
• paidlogo.jpg (GRAPHIC) — 15KB
• 0001437749-25-027037.txt ( ) — 4899KB
• payd-20250630.xsd (EX-101.SCH) — 37KB
• payd-20250630_def.xml (EX-101.DEF) — 269KB
• payd-20250630_lab.xml (EX-101.LAB) — 276KB
• payd-20250630_pre.xml (EX-101.PRE) — 294KB
• payd-20250630_cal.xml (EX-101.CAL) — 38KB
• payd20250630_10q_htm.xml (XML) — 726KB

– Financial Information

Part I – Financial Information Item 1.

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets as of June 30, 2025, and December 31, 2024 3 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2025, and 2024 4 Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025, and 2024 5 Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity for the three and six months ended June 30, 2025, and 2024 6 Notes to Unaudited Condensed Consolidated Financial Statements 7-16 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 20 Item 1A.

Risk Factors

Risk Factors 20 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 3. Defaults Upon Senior Securities 20 Item 4. Mine Safety Disclosures 20 Item 5. Other Information 20 Item 6. Exhibits 21

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS PAID, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,068,119 $ 1,284,965 Accounts receivable, net 310,277 193,852 Prepaid expenses and other current assets 314,464 430,588 Total current assets 1,692,860 1,909,405 Property and equipment, net 5,739 4,370 Intangible assets, net 1,916,246 1,952,896 Operating lease right-of-use assets, net 106,056 115,150 Notes receivable, long term 4,472,949 4,458,237 Total assets $ 8,193,850 $ 8,440,058 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,651,353 $ 1,694,599 Accrued expenses 260,838 438,912 Contract liabilities 326,124 372,795 Operating lease obligations 31,924 32,566 Total current liabilities 2,270,239 2,538,872 Long-term liabilities: Deferred tax liability, net 464,804 420,128 Uncertain tax position liability 370,455 370,454 Operating lease obligation – net of current portion 77,292 85,437 Total liabilities 3,182,790 3,414,891 Commitments and contingencies Shareholders' equity: Series A Preferred stock, $ 0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2025, and December 31, 2024 - - Common stock, $ 0.001 par value, 25,000,000 shares authorized; 8,527,467 shares issued and 8,379,834 shares outstanding at June 30, 2025, and 8,213,533 shares issued and 8,065,900 shares outstanding at December 31, 2024 8,528 8,214 Accrued common stock bonus - 193,246 Additional paid-in capital 74,347,571 73,640,538 Accumulated other comprehensive income 243,945 226,031 Accumulated deficit ( 69,420,148 ) ( 68,874,026 ) Common stock in treasury, at cost, 147,633 shares at June 30, 2025, and 147,633 shares at December 31, 2024 ( 168,836 ) ( 168,836 ) Total shareholders' equity 5,011,060 5,025,167

View Full Filing

View this 10-Q filing on SEC EDGAR