Paysign Inc 2026年季度报告

PAYSIGN, INC. PART I. FINANCIAL INFORMATION 1.BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT POLICIES The foregoing unaudited interim condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions forForm 10-Q and Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, these financialstatements do not include all the disclosures required by GAAP for complete financial statements. These unaudited interim condensed The preparation of financial statements in accordance with GAAP requires the use of estimates and assumptions that affect thereported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financialstatements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for theyear ending December 31, 2026. About Paysign, Inc. Paysign, Inc. (the “Company,” “Paysign,” “we” or “our”) was incorporated on August 24, 1995, and trades under the symbol PAYS onThe Nasdaq Stock Market LLC. Paysign is a provider of prepaid card programs, comprehensive patient affordability offerings, lifescience software technology solutions, digital banking services and integrated payment processing designed for businesses, consumersand government entities. Headquartered in Nevada, the Company creates customized, innovative payment solutions for clients across Principles of Consolidation – The condensed consolidated financial statements include the accounts of the Company and itssubsidiaries. All significant intercompany balances and transactions have been eliminated. Subsequent Events – The Company discloses subsequent events that provide evidence about conditions that did not change thecondensed consolidated financial statements at the balance sheet date but have a significant effect on the financial statements at the Segment Reporting – The Company operates as one business, a vertically integrated provider of prepaid card products and processingservices. The Company’s chief operating decision maker (“CODM”), who is the Company’s chief executive officer, utilizes aconsolidated approach to assess the performance of and allocate resources to the business. Accordingly, management has concluded The CODM regularly assesses the performance of the single operating and reporting segment based on consolidated net income. TheCODM reviews expenses at a level consistent with those reported in the Company’s consolidated statements of income. All significant Use of Estimates – The preparation of condensed consolidated financial statements in conformity with GAAP requires management tomake estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and Cash and Cash Equivalents – The Company considers all highly liquid investments purchased with an original maturity of threemonths or less at the time of purchase to be cash equivalents for the purposes of the statement of cash flows. The Company had no Restricted Cash – At March 31, 2026 and December 31, 2025, restricted cash consisted of funds held specifically for our card productand pharma patient affordability programs that are contractually restricted to use. The Company includes changes in restricted cash ReimbursementReceivables– At March 31,2026 and December 31,2025,accounts receivable included$79,255,866 and$62,366,232, respectively, of customer reimbursement balances of pass-through claims, which are fully offset in accounts payable and The Company applied current accounting guidance to evaluate whether its accounts receivable balances were subject to credit losses.A combination of aging and loss-rate methodologies was used to estimate current expected credit losses. In developing this estimate,the Company considered a broad range of information, including historical loss experience adjusted for current conditions andexpectations of future trends. The evaluation also incorporated qualitative and quantitative risk factors such as the age of receivable Concentrations of Credit Risk – Financial instruments that potentially subject the Company to concentrations of credit risk consistprincipally of cash and cash equivalents and restricted cash. The Company maintains its cash and cash equivalents and restricted cashin various bank accounts primarily with one financial institution in the United States, which at times may exceed federally insuredlimits. If this financial institution were to be placed into receivership, we may be unable to access the cash we have on deposit. If weare unable to access our cash and cash equivalents as needed, our financial pos