Paysign Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission file number 001-38623 PAYSIGN, INC.(Exact name of registrant as specified in its charter) Nevada95-4550154(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 2615 St. Rose Parkway,Henderson, Nevada 89052(Address of principal executive offices) (Zip code) (702) 453-2221(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 55,905,773shares as of May 6, 2026. PAYSIGN, INC.FORM 10-Q REPORTINDEXPART I. FINANCIAL INFORMATIONItem 1. Financial Statements3Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3. Quantitative and Qualitative Disclosures About Market Risk28Item 4. Controls and Procedures28PART II. OTHER INFORMATIONItem 1. Legal Proceedings29Item 1A. Risk Factors29Item 2. Unregistered Sales of Equity Securities and Use of Proceeds29Item 5. Other Information29Item 6. Exhibits30SIGNATURES31 PAYSIGN, INC.CONDENSED CONSOLIDATED BALANCE SHEETS PAYSIGN, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) PAYSIGN, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED) PAYSIGN, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) PAYSIGN, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 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 condensedconsolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included onForm 10-K for the year ended December31, 2025. In the opinion of management, the unaudited interim condensed consolidatedfinancial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fairstatement of the results for the interim period presented. 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 tosuch estimates and assumptions are inherent in the preparation of the Company’s financial statements; accordingly, it is possible thatthe actual results could differ from these estimates and assumptions that could have a material effect