XML 32 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 1,711,626us-gaap_NetIncomeLoss $ (779,290)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation expense 233,462us-gaap_ShareBasedCompensation 311,124us-gaap_ShareBasedCompensation
Depreciation and amortization expense 725,173us-gaap_DepreciationDepletionAndAmortization 746,313us-gaap_DepreciationDepletionAndAmortization
(Recovery) provision for doubtful accounts (1,007)us-gaap_ProvisionForDoubtfulAccounts 3,268us-gaap_ProvisionForDoubtfulAccounts
Disposal of property and equipment   3,157us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Gain on insurance settlement (517,930)us-gaap_InsuranceRecoveries  
Changes in operating assets and liabilities:    
Decrease in settlement assets 486,539us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 1,496,906us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
(Increase) decrease in accounts receivables, prepaid expenses and other current assets (436,702)plpm_IncreaseDecreaseInAccountsReceivablesPrepaidExpenseAndOtherCurrentAssets 346,274plpm_IncreaseDecreaseInAccountsReceivablesPrepaidExpenseAndOtherCurrentAssets
Increase in security deposits and other assets (47,230)plpm_IncreaseDecreaseInSecurityDepositsAndOtherNoncurrentAssets (107,049)plpm_IncreaseDecreaseInSecurityDepositsAndOtherNoncurrentAssets
Increase (decrease) in accounts payable and accrued expenses 454,979us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,112,427)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease in due to merchants (487,255)plpm_IncreaseDueToMerchants (1,524,224)plpm_IncreaseDueToMerchants
Other (81,947)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (10,979)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by (used in) operating activities 2,039,708us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (626,927)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Decrease (increase) in restricted cash 119us-gaap_IncreaseDecreaseInRestrictedCash (230,094)us-gaap_IncreaseDecreaseInRestrictedCash
Decrease in merchant reserves (96)plpm_IncreaseDecreaseInMerchantReserves  
Purchase of property and equipment (123,817)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (19,756)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Capitalized software development (287,223)us-gaap_PaymentsToDevelopSoftware (397,401)us-gaap_PaymentsToDevelopSoftware
Purchase of intangible assets (5,888)us-gaap_PaymentsToAcquireIntangibleAssets (53,695)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used in investing activities (416,905)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (700,946)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of common stock   602,572us-gaap_ProceedsFromIssuanceOfCommonStock
Principal payments on capital lease obligations (146,905)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (137,922)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Net cash (used in) provided by financing activities (146,905)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 464,650us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 1,475,898us-gaap_NetCashProvidedByUsedInContinuingOperations (863,223)us-gaap_NetCashProvidedByUsedInContinuingOperations
Beginning of period 9,837,791us-gaap_CashAndCashEquivalentsAtCarryingValue 6,572,468us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 11,313,689us-gaap_CashAndCashEquivalentsAtCarryingValue 5,709,245us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for:    
Interest 18,837us-gaap_InterestPaid 18,272us-gaap_InterestPaid
Income taxes 199,364us-gaap_IncomeTaxesPaid 180,835us-gaap_IncomeTaxesPaid
Non-cash investing and financing activities:    
Assets acquired under capital leases 79,291us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 163,861us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
Accrued capitalized hardware, software and fixed assets 38,609us-gaap_CapitalExpendituresIncurredButNotYetPaid 50,401us-gaap_CapitalExpendituresIncurredButNotYetPaid
Capitalized stock-based compensation $ 10,711us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $ 10,352us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount