XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash $ 63,826 $ 42,214
Cash Restricted 5,514,661 4,409,068
Accounts Receivable 1,250,320 1,644,887
Prepaid Expenses 3,970  
Total current assets 6,832,777 6,096,169
Fixed assets, net 88,720 90,196
Intangible and other assets    
Deposits 3,551 3,551
Intangible assets, net 171,775 14,497
Total assets 7,096,823 6,204,413
Current liabilities    
Accounts payable and accrued liabilities 2,001,047 2,425,351
Customer card funding 5,514,661 4,409,068
Notes payable- related parties 538,000 538,000
Convertible note payable 10,000 10,000
Notes payable 1,943,900 1,948,900
Total current liabilities 10,007,608 9,331,319
Long-term liabilities    
Notes payable, non-current portion      
Total long Term liabilities      
Total liabilities 10,007,608 9,331,319
Commitments and contingencies      
Stockholders' deficit    
Common stock; $0.001 par value; 150,000,000 shares authorized, 35,250,391 and 35,245,069 issued and outstanding at December 31, 2011 and December 31, 2010, respectively 35,250 35,245
Additional paid-in capital 4,975,686 4,974,756
Treasury stock at cost, 303,450 shares (150,000) (150,000)
Accumulated deficit (7,829,104) (8,044,395)
Total 3Pea International, Inc.'s stockholders' deficit (2,968,168) (3,184,394)
Noncontrolling interest 57,383 57,488
Total stockholders' deficit (2,910,785) (3,126,906)
Total liabilities and stockholders' deficit $ 7,096,823 $ 6,204,413