v3.25.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,284,965	$ 1,731,993
Accounts receivable, net	193,852	205,647
Note receivable, net of discount	0	2,453,425
Prepaid expenses and other current assets	430,588	134,110
Total current assets	1,909,405	4,525,175
Property and equipment, net	4,370	10,678
Intangible assets, net	1,952,896	2,422,590
Operating lease right-of-use assets	115,150	14,161
Note receivable, long term	4,458,237	0
Total assets	8,440,058	6,972,604
Current liabilities:
Accounts payable	1,694,599	1,482,498
Accrued expenses	438,912	420,611
Contract liabilities	372,795	15,382
Operating lease obligations	32,566	14,162
Total current liabilities	2,538,872	1,932,653
Liabilities, Noncurrent [Abstract]
Deferred tax liability, net	420,128	622,568
Uncertain tax position liability	370,454	278,704
Operating lease obligation – net of current position	85,437	0
Total liabilities	3,414,891	2,833,925
Commitments and Contingencies
Equity, Attributable to Parent [Abstract]
Common stock, $0.001 par value, 25,000,000 shares authorized; 8,213,533 shares issued and 8,067,333 shares outstanding and December 31, 2024, 8,154,474 shares issued and 8,010,837 shares outstanding at December 31, 2023	8,214	8,154
Accrued common stock bonus	193,246	84,576
Additional paid-in capital	73,640,538	73,505,439
Accumulated other comprehensive income	226,031	342,968
Accumulated deficit	(68,874,026)	(69,637,618)
Common stock in treasury, at cost, 147,633 shares at December 31, 2024 and 143,637 shares at December 31, 2023	(168,836)	(164,840)
Total shareholders’ equity	5,025,167	4,138,679
Total liabilities and shareholders’ equity	8,440,058	6,972,604
Series A Preferred Stock [Member]
Equity, Attributable to Parent [Abstract]
Series A Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

PAID INC 10-K