PAYD on OTC

PAID INC

PAID INC is an American business services company, incorporated in Delaware.1 It is headquartered in Westborough, Massachusetts.1 Its shares trade on OTC under the symbol PAYD.1

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Last updated Oct 20, 2026.

Overview

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  • TickerPAYD on OTC1
  • IndustryServices-Business Services, NEC1
  • HeadquartersWestborough, Massachusetts1
  • Incorporated inDE2
  • Business address200 Friberg Parkway, Suite 4004, Westborough, Ma 015812
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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PAID, Inc. (the “Company” or “PAID”) was incorporated in Delaware on August 9, 1995. The Company has multiple web addresses, including www.paid.com, which offers updated information on various aspects of our operations and www.shiptime.com which showcases our online label generation software. The information contained in the Company's website should not be deemed to be a part of this Annual Report. The Company's principal executive offices are located at 225 Cedar Hill Street, Marlborough, Massachusetts 01752 with offices also located at 700 Dorval Drive, Oakville, Ontario, Canada. The Company's telephone number is (617) 861-6050.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.4%Gross margin4
-3.2%Operating margin4
-1.8%Net margin4
11.4%Revenue growth, 20254
-6.6%Return on equity4
-$55.6KFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Shipping Calculator Services brought in 100% of the revenue PAID INC broke down this way in fiscal 2025.

  1. Shipping Calculator Services$20.7M4100%up 12% from 2024
  2. Merchant Processing Services$26.5K40%down 61% from 2024
  3. Service$3.9K40%down 78% from 2024
Products and services by year
Products and services20242025
Shipping Calculator Services$18.5M$20.7M
Merchant Processing Services$68.1K$26.5K
Service$17.8K$3.9K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue78¢$16.1M
  • Other costs21¢$4.4M
  • Income tax1¢$236.0K

Out of $20.7M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$20.7M in 2025+96% since 2019
0$10.0M$20.0M$30.0M2019: $10.5M$10.5M20192020: $12.9M$12.9M2020+22%2021: $14.9M$14.9M2021+15%2022: $16.6M$16.6M2022+11%2023: $16.6M$16.6M2023−0%2024: $18.6M$18.6M2024+12%2025: $20.7M$20.7M2025+11%
Gross profit567894$4.6M in 2025+69% since 2019
0$2.0M$4.0M$6.0M2019: $2.7M$2.7M20192020: $3.1M$3.1M2020+13%2021: $3.5M$3.5M2021+11%2022: $3.7M$3.7M2022+7%2023: $3.8M$3.8M2023+3%2024: $4.1M$4.1M2024+8%2025: $4.6M$4.6M2025+14%
Operating income567894-$654.8K in 2025−8% since 2019
-$3.0M-$2.0M-$1.0M0$1.0M2019: -$712.0K-$712.0K20192020: -$2.1M-$2.1M2020+199%2021: -$490.5K-$490.5K2021−77%2022: $59.0K$59.0K20222023: -$587.8K-$587.8K20232024: -$493.4K-$493.4K2024−16%2025: -$654.8K-$654.8K2025+33%
Net income567894-$368.2K in 2025
-$3.0M-$2.0M-$1.0M0$1.0M2019: $282.0K$282.0K20192020: -$2.2M-$2.2M20202021: -$696.8K-$696.8K2021−69%2022: $652.1K$652.1K20222023: $353.2K$353.2K2023−46%2024: $763.6K$763.6K2024+116%2025: -$368.2K-$368.2K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues, net$20.7M$18.6M
Cost of revenues$16.1M$14.5M
Gross profit$4.6M$4.1M
Salaries and related$2.4M$2.1M
General and administrative$1.7M$2.0M
Amortization of intangible assets$286.8K$292.5K
Share-based compensation$868.5K$235.6K
Total operating expenses$5.3M$4.6M
Loss from operations-$654.8K-$493.4K
Interest income$36.1K$175.1K
Other income$14.4K$1.0M
Total other income$50.5K$1.2M
Income before income (loss) tax (benefit) provision-$604.3K$722.5K
Income tax (benefit) provision-$236.0K-$41.0K
Net income (loss) per share basic (in dollars per share)-$0.04$0.09
Net income (loss) per share diluted (in dollars per share)-$0.04$0.09
Weighted average number of common shares outstanding basic (in shares)8.4M shares8.1M shares
Weighted average number of common shares outstanding diluted (in shares)8.4M shares8.1M shares
Net income (loss)-$368.2K$763.6K
Foreign currency translation adjustments$14.7K-$116.9K
Comprehensive income loss-$353.6K$646.7K

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Corporate structure

PAID INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PAID INC

  • John Victor Smith Filed SCHEDULE 13G/A on PAID INC, latest Jul 23, 2025 (2 filings since Oct 31, 2024)
  • PAID INC Westborough, Massachusetts

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PAID INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$601.8K4 Dec 31, 2025$593.6K4 Dec 31, 2024+1.4%
Accumulated depreciation$597.7K4 Dec 31, 2025$589.3K4 Dec 31, 2024+1.4%
Property and equipment, net$4.1K4 Dec 31, 2025$4.4K4 Dec 31, 2024−6.3%
Operating-lease assets (leased space)$89.7K4 Dec 31, 2025$115.2K4 Dec 31, 2024−22.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1M4 Dec 31, 2025$1.3M4 Dec 31, 2024−13.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1.8M4 Dec 31, 2025$2.0M4 Dec 31, 2024−9.9%
Finite-lived intangibles, gross$6.0M4 Dec 31, 2025$5.7M4 Dec 31, 2024+4.7%
Accumulated amortization$4.2M4 Dec 31, 2025$3.8M4 Dec 31, 2024+12.4%
Finite-lived intangibles, net$1.8M4 Dec 31, 2025$2.0M4 Dec 31, 2024−9.9%

Properties, in its own words

The Company’s primary offices are located at 700 Dorval Drive, Oakville, Ontario with a principal executive office at P.O. Box 17 Southborough, Massachusetts, pursuant to a lease agreement for the Oakville property which expires in August 2028.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led PAID INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gregory Rotman2006–2009
  2. William Austin Lewis Iv.2012–now

President

  1. Gregory Rotman2006–2012
  2. William Austin Lewis Iv.2012–2017

Chief financial officer

  1. Richard Rotman2006–2010
  2. Christopher Culross2010–2011
  3. William Austin Lewis Iv.2013–now

Chief operating officer

  1. Richard Rotman2012
2010201520202025
Board members and other officers (11)

Former names

  • SALES ONLINE DIRECT INCMay 26, 1999 to Jan 15, 20042
  • SECURITIES RESOLUTION ADVISORS INCAug 18, 1998 to Feb 4, 19992
  • ROSE INTERNATIONAL LTDNov 12, 1996 to Jun 22, 19982

Timeline

  1. Sep 4, 20268-K Entered a material agreement26
  2. May 12, 20268-K Executive or director change27
  3. Feb 5, 20268-K Entered a material agreement28
  4. Oct 16, 20258-K Executive or director change29
  5. Jul 12, 20248-K Entered a material agreement30
  6. Jun 17, 20248-K Change of auditor31
  7. Oct 25, 20228-K Entered a material agreement32
  8. Aug 10, 2012New chief executive William Austin Lewis Iv. becomes CEO12
  9. Jun 27, 2006New chief executive Gregory Rotman becomes CEO13

Filings

56 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 7 major events, 25 insider forms, 2 large holders, 2 other. The latest 20:

  1. Sep 4, 20268-K EDGAR
  2. Aug 14, 202610-Q EDGAR
  3. May 20, 20263 EDGAR
  4. May 15, 202610-Q EDGAR
  5. May 12, 20268-K EDGAR
  6. Mar 31, 202610-K EDGAR
  7. Mar 10, 20264 D SCOTT FORM 4 EDGAR
  8. Mar 6, 20264 LEWIS FORM 4 EDGAR
  9. Feb 5, 20268-K EDGAR
  10. Nov 14, 202510-Q EDGAR
  11. Oct 16, 20258-K EDGAR
  12. Aug 15, 202510-Q EDGAR
  13. Jul 23, 2025SCHEDULE 13G/A EDGAR
  14. Jul 21, 20254 EDGAR
  15. May 22, 20254 EDGAR
  16. May 22, 20254 D SCOTT FORM 4 EDGAR
  17. May 22, 20254 LEWIS FORM 4 EDGAR
  18. May 15, 202510-Q EDGAR
  19. Apr 15, 202510-K EDGAR
  20. Mar 31, 2025NT 10-K EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • John Victor SmithSCHEDULE 13G/A, 2 filings Oct 31, 2024 to Jul 23, 202533

SEC filer profile

How PAID INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPAID INC1
  • CIK0001017655
  • Employer ID (EIN)73-14798333
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address200 Friberg Parkway, Suite 4004, Westborough, MA 015811
  • Phone617-861-60501
  • Shares outstanding8,477,659 as of Aug 14, 202611
  • Public float$6.9M as of Jun 30, 20253
  • Auditordbbmckennon, San Diego, California PCAOB ID 3501; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 12, 19961
  • Filings505 in all: 4 (174), 10-Q (57), 8-K (49), 10QSB (33), 3 (19), 10-K (18), S-8 (13), SC 13D/A (13)1
    All 39 form types

    UPLOAD (12), SC 13G/A (11), 10KSB (10), NT 10-K (9), NT 10-Q (9), 4/A (8), CORRESP (8), 8-K/A (7), PRE 14A (5), SC 13G (5), DEF 14A (4), DEF 14C (4), PRER14A (4), SB-2/A (4), SC 13D (4), 10KSB/A (3), PRRN14A (3), 10KSB40 (2), 424B3 (2), D (2), REGDEX/A (2), SB-2 (2), 10-K/A (1), 10-Q/A (1), 10QSB/A (1), 3/A (1), 424B2 (1), DEFN14A (1), DEFR14C (1), S-3 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Nov 9, 2016
    Latest 8-K (8-K) Sep 4, 2026

Risk factors and legal proceedings

The risks PAID INC names in Item 1A of its 10-K filed Mar 31, 2026: 24 risks under these headings, as written.3

  • Risks Relating to the Company
  • We have experienced operating losses.
  • Our capital is limited, and we may need additional financing to continue operations.
  • We are unable to guarantee that the marketplace will accept our software products.
  • Our operating results are unpredictable.
  • The successful operation of our business depends upon the supply of critical technology elements from other third parties, including our internet service provider and technology licensors.
  • Our failure to manage growth could place a significant strain on our management, operational and financial resources.
  • Our Company's success still depends upon the continued services of its current management and other relationships.
  • Our Company's success will depend on our ability to attract and retain qualified personnel.
  • Our success depends upon market awareness of our brand.
  • System failures could result in interruptions in our service, which could harm our business.
  • We currently identify vulnerabilities with our communications hardware and computer hardware.
The other 13 risks
  • There are certain provisions of Delaware law that could have anti-takeover effects.
  • Our success is dependent in part on our ability to obtain and maintain proprietary protection for our technologies and processes.
  • Intellectual property infringement claims would harm our business.
  • Our success is dependent on licensed technologies.
  • We may be exposed to liability for content retrieved from our websites.
  • The Company may be exposed to potential risks relating to our significant deficiencies and material weaknesses in our internal controls over financial reporting.
  • Risks Associated With Our Industry
  • The market for online services is intensely competitive with low barriers to entry.
  • We may be adversely affected by the deterioration in economic conditions, which could affect consumer and corporate spending and our ability to raise capital, and, therefore, significantly adversely impact our operating results.
  • Security breaches and credit card fraud could harm our business.
  • Our industry may be exposed to increased government regulation.
  • Risks Associated with our Common Stock
  • Our stock price has been and may continue to be very volatile.
  • “Penny stock” regulations may impose certain restrictions on marketability of securities.
  • The market for our Company's securities is limited and may not provide adequate liquidity.

Legal proceedings

From time to time we may be a party to various legal proceedings arising in the ordinary course of our business. Our management is not aware of any litigation outstanding, threatened or pending as of the date hereof by or against us or our properties which we believe would be material to our financial condition or results of operations, except with respect to a dispute related to its non-renewal of the employment agreement with Mr. Allan Pratt, the Company's former President and CEO, in which Mr. Pratt appears to be treating it as a termination which would trigger a two-year severance payment in addition to claims of an unpaid bonus. Around the same time that Mr. Pratt’s employment term expired, the Company’s Board of Directors voted to reduce the board from five to three, and Mr. Pratt and Mr. Austin Lewis, CFO, automatically rolled off from the Board of Directors. More than a year later, in 2021, Mr. Pratt filed a claim in Delaware courts to contest that decision and, in November 2023 this claim was dismissed. In July 2022, Mr. Pratt amended the complaint to dispute the proper authorization of a stock bonus that was awarded to the Company’s CEO in March 2021. The trial was held before the Delaware court on December 5-6, 2024. Post-trial briefing in the Delaware action was completed on March 21, 2025, followed by a post-trial hearing on May 14, 2025.

The opening of Item 3, Legal Proceedings.3

Sources

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