PASO (PASO)
Patient Access Solutions, Inc.
OTC:PASOHealthcare · Medical - Healthcare Information Services
CLOSED
Mkt Cap-
Float620.96M
O/S740.59M
VOL50K sh
RVOL0.08×
Inst Own-
Dilution
Financials Summary
Revenue$213K
Net Income-$10.59M
Total Assets$489K
Free Cash Flow-$10.26M
Debt & Equity
Total Debt$925K
Total Equity-$1.95M
Preferred Stock$10K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PASO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$489K
Liabilities$2.44M
Accounts Receivable$0
Accounts Payable$50K
Inventory$0
PP&E (Net)$462K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 |
| Revenue | $213K | $504K | $938K | $1.86M | $2.46M | $651K |
| YoY Growth | -57.8% | -46.2% | -49.5% | -24.4% | 277.8% | - |
| Cost of Revenue | $0 | $0 | $3K | -$3K | $46K | $0 |
| Gross Profit | $213K | $504K | $935K | $1.86M | $2.41M | $651K |
| Gross Margin | 100.0% | 100.0% | 99.7% | 100.1% | 98.1% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $9.18M | $7.51M | $467K | $1.12M | $3.8M | $540K |
| Other | $15K | $680 | -$60 | $0 | $0 | $0 |
| Total Operating Expenses | $9.19M | $7.51M | $467K | $1.13M | $3.8M | $540K |
| Operating Income (EBIT) | -$9M | -$7M | $471K | $726K | -$1.38M | $111K |
| Operating Margin | -4232.5% | -1389.2% | 50.2% | 39.1% | -56.3% | 17.0% |
| Interest Expense | $3K | $400 | $1K | $27K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $57 | $14 |
| Other Income (Expense) | -$1.59M | -$333K | -$1K | -$27K | -$190K | -$2K |
| Income Before Tax (EBT) | -$10.59M | -$7.34M | $469K | $699K | -$1.57M | $109K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $4 | $0 |
| Net Income | -$10.59M | -$7.34M | $469K | $699K | -$1.57M | $109K |
| Net Income Margin | -4979.7% | -1455.2% | 50.0% | 37.6% | -64.0% | 16.8% |
| Supplementary Data | ||||||
| EPS | -0.00 | -0.01 | 0.00 | 0.00 | -0.02 | 0.00 |
| Diluted EPS | -0.00 | -0.01 | 0.00 | 0.00 | -0.02 | 0.00 |
| Weighted Average OS | 2.28B | 1.16B | 389.75M | 0 | 81.52M | 24.52M |
| EBITDA | -$12.1M | -$7.13M | $471K | $726K | -$1.45M | $111K |
| EBITDA Margin | -5687.0% | -1414.2% | 50.2% | 39.1% | -58.8% | 17.0% |
Balance Sheet
| Period | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $15K | $15K | $41K | -$62K | -$252K | $208K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $15K | $15K | $41K | -$62K | -$252K | $208K |
| Accounts Receivable | $0 | $0 | $2.03M | $1.37M | $1.78M | $218K |
| Inventory | $0 | $0 | $7K | $7K | $20K | $20K |
| Other Current Assets | $0 | -$23K | $3K | $25K | $460K | $2 |
| Total Current Assets | $15K | $15K | $2.1M | $1.34M | $1.57M | $469K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $462K | $632K | $643K | $643K | $636K | $397K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $12K | $0 | $26K | $826K | $26K | $46K |
| Total Long-Term Assets | $474K | $632K | $669K | $1.47M | $663K | $443K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $489K | $647K | $2.77M | $2.81M | $2.23M | $913K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $50K | $75K | $128K | $164K | $103K | $51K |
| Short-Term Debt | $392K | $735K | $565K | $575K | $822K | $479K |
| Current Income Tax Payable | $0 | -$69K | -$69K | -$69K | -$69K | $6K |
| Current Unearned Revenue | $0 | $9K | -$69K | -$69K | -$69K | $6K |
| Other Current Liabilities | $1.47M | $1.09M | $107K | $107K | $168K | $344K |
| Total Current Liabilities | $1.91M | $1.91M | $732K | $778K | $1.09M | $880K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $200K | $200K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $533K | $200K | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.44M | $2.11M | $732K | $778K | $1.09M | $880K |
| Stockholders' Equity | ||||||
| Preferred Stock | $10K | $10K | $10K | $10K | $10K | $10 |
| Common Stock | $2.28M | $1.16M | $251K | $239K | $197K | $2K |
| Retained Earnings | -$41.42M | -$30.83M | -$15.25M | -$15.59M | -$13.41M | -$12K |
| Comprehensive Income & Other | $328K | $623K | $595K | $245K | -$1.57M | -$350K |
| Other Stockholders' Equity | $37.19M | $28.21M | $17.04M | $16.59M | $14.35M | $43K |
| Total Equity | -$1.95M | -$1.46M | $2.04M | $1.23M | $1.14M | $33K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $489K | $647K | $2.77M | $2.01M | $2.23M | $913K |
| Supplementary Data | ||||||
| Total Debt | $925K | $935K | $565K | $575K | $822K | $479K |
| Net Debt | $910K | $920K | $524K | $637K | $1.07M | $271K |
Cash Flow Statement
| Period | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 |
| Operating Activities | ||||||
| Net Income | -$10.59M | -$7.34M | $469K | $699K | -$2K | $7 |
| Depreciation & Amortization | $23K | $0 | $0 | $0 | $46K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $1K | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | -$151K | -$34K | -$1.57M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $13K | $0 | $0 |
| Accounts Payable | -$25K | $567K | -$26K | $6K | $0 | $0 |
| Other Working Capital | $402K | $150K | -$2K | -$31K | -$86 | $14 |
| Total Working Capital Change | $377K | $566K | -$61K | -$1.59M | -$86 | $14 |
| Other Non-Cash Items | -$63K | $6.91M | -$279K | $1.79M | -$45K | -$0 |
| Net Cash from Operating | -$10.26M | $137K | $129K | -$650K | -$505 | $20 |
| Investing Activities | ||||||
| Capital Expenditures | -$4 | $0 | $0 | -$4K | -$397 | $0 |
| Acquisitions | $568K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$12K | $0 | $0 | $0 | -$46 | $0 |
| Net Cash from Investing | $556K | $0 | $0 | -$4K | -$443 | $0 |
| Financing Activities | ||||||
| Debt Repaid | -$333K | - | - | $260K | - | - |
| Common Stock Issuance | $10.4M | $0 | $0 | $54K | $0 | $0 |
| Common Stock Repurchases | $0 | -$150K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$295K | $0 | $340K | $853K | $988 | $0 |
| Net Cash from Financing | $10.06M | -$150K | $340K | $647K | $988 | $0 |
| Forex Effect | -$358K | -$14K | $0 | $0 | $0 | $0 |
| Net Change in Cash | $219 | -$26K | $103K | $190K | $39 | $20 |
| Supplementary Data | ||||||
| Operating Cash Flow | -$10.26M | $137K | $129K | -$650K | -$505 | $20 |
| Capital Expenditure | -$4 | $0 | $0 | -$4K | -$397 | $0 |
| Free Cash Flow | -$10.26M | $137K | $129K | -$654K | -$902 | $20 |
| Cash at Beginning | $15K | $41K | -$62K | -$252K | $20 | $0 |
| Cash at End | $15K | $15K | $41K | -$62K | $59 | $20 |