PAID, Inc. (OTCMKTS:PAYD) Files An 8-K Financial Statements and Exhibits

ME Staff 8-k

8 years ago

PAID, Inc. (OTCMKTS:PAYD) Files An 8-K Financial Statements and Exhibits

Item 9.01 on Form 8-K.

Item 9.01. Financial Statements and Exhibits

(a)

Financials statements of emergeIT Inc.

The following audited financial statements of emergeIT are
attached as Exhibit 99.1

Balance Sheets as of December 31, 2015 and March 31, 2015

Income Statement for the nine months ended December 31, 2015
and the year ended March 31, 2015

Statements of Cash Flows for the nine months ended December
31, 2015 and the year ended March 31, 2015

Statements of Shareholders Deficiency for the nine months
ended December 31, 2015 and the year ended March 31, 2015

Notes to the Financial Statements

The following unaudited financial statements of emergeIT are
attached as Exhibit 99.2

Balance Sheets as of September 30, 2016 and December 31, 2015

Income Statements for the nine months ended September 30,
2016 and September 30, 2015

Statements of Cash Flows for the nine months ended September
30, 2016 and September 30, 2015

Notes to the Unaudited Financial Statements

(b)

Pro Forma Financial Information

The following unaudited pro forma financial information is
attached as Exhibit 99.3

Unaudited Pro Forma Condensed Combined Balance Sheets as of
September 30, 2016

Unaudited Pro Forma Condensed Combined Statement of
Operations for the nine months ended September 30, 2016 and
the year ended December 31, 2015

Notes to Unaudited Pro Forma Condensed Combined Financial
Statements

(d)

Exhibits

10.1	Amalgamation Agreement dated September 1, 2016 by and among PAID, Inc., emergeIT, Inc., 2534845 Ontario Inc. and 2534841 Ontario Inc. *
99.1	Audited Financial Statements listed in Item 9.01(a)
99.2	Unaudited Interim Financial Statements listen in Item 9.01(a)
99.3	Unaudited Pro Forma Financial Information listed in Item 9.01(b)

*Previously filed on a Current Report on Form 8-K filed with the
SEC on September 1, 2016

About PAID, Inc. (OTCMKTS:PAYD)
PAID, Inc. offers AuctionInc Software and BeerRun Software. The Company operates through three segments: Entertainment services, Shipping calculator services and Brewery management software. AuctionInc is a suite of online shipping and tax management tools assisting businesses with e-commerce storefronts, shipping solutions, tax calculation, inventory management, and auction processing. The application’s functionality and business is focused on real-time carrier calculated shipping rates and tax calculations. The product does have tools to assist with other aspects of the fulfillment process, but main purpose of the product is to provide shipping and tax calculations, and packaging algorithms that provide customers with shipping and tax solutions. BeerRun Software is a brewery management, and alcohol and tobacco tax, and trade bureau tax reporting software. Small craft brewers can utilize the product to manage brewery schedules, inventory, packaging, sales and purchasing. PAID, Inc. (OTCMKTS:PAYD) Recent Trading Information
PAID, Inc. (OTCMKTS:PAYD) closed its last trading session down -1.39 at 2.60 with shares trading hands.