Peer to Peer Network (PTOP)
Headquartered in Henderson, Nevada, Peer to Peer Network, founded in 2007, offers daily horoscopes and provides real-time psychic consultations accessible via telephone and the internet. The company officially adopted its current name in September 2014, having previously been known as Psychic Friends Network, Inc.
Sector: Software - Application
Industry: Software - Application
Peer to Peer Network
OTC:PTOPTechnology · Software - Application
Mkt Cap-
Float56.99M
O/S132.96M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$838K
Total Assets$228K
Free Cash Flow-$456K
Debt & Equity
Total Debt$530K
Total Equity-$766K
Preferred Stock$17K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:400Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:400Reverse splitSep 25, 2025400 shares → 1
Balance Sheet Details
Assets$228K
Liabilities$994K
Accounts Receivable$0
Accounts Payable$215K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$225K
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $2K | $987 | $0 | $0 | $0 | $0 | $0 | $1K |
| YoY Growth | - | - | - | - | - | 80.9% | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $147 | $145 | $6K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $2K | $842 | -$6K | $0 | $0 | $0 | $0 | $1K |
| Gross Margin | - | - | - | - | - | 91.8% | 85.3% | - | - | - | - | - | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $794K | $505K | $780K | $3.66M | $200K | $287K | $422K | $374K | $20K | $8K | $11K | $37K | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $794K | $505K | $780K | $3.66M | $200K | $316K | $445K | $379K | $20K | $8K | $11K | $37K | $0 |
| Operating Income (EBIT) | -$794K | -$505K | -$780K | -$3.66M | -$200K | -$314K | -$444K | -$379K | -$20K | -$8K | -$11K | -$37K | $1K |
| Operating Margin | - | - | - | - | - | -17600.3% | -44988.9% | - | - | - | - | - | 100.0% |
| Interest Expense | $14K | $18K | $27K | $28K | $39K | $78K | $0 | $68 | $72 | $72 | $75 | $82 | $36 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$45K | -$230K | -$197K | -$957K | -$22K | -$81K | $0 | -$68 | $0 | $0 | -$75 | -$82 | $0 |
| Income Before Tax (EBT) | -$838K | -$734K | -$977K | -$4.61M | -$223K | -$396K | -$444K | -$380K | -$20K | -$8K | -$11K | -$37K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $72 | $0 | $0 | $0 | -$1K |
| Net Income | -$838K | -$734K | -$977K | -$4.61M | -$223K | -$396K | -$444K | -$380K | -$20K | -$8K | -$11K | -$37K | $1K |
| Net Income Margin | - | - | - | - | - | -22161.6% | -44988.9% | - | - | - | - | - | 97.5% |
| Supplementary Data | |||||||||||||
| EPS | -0.02 | -0.02 | -0.04 | -0.12 | -0.01 | -1.84 | -2.12 | -1.84 | -0.08 | -0.04 | -0.04 | -0.20 | 0.01 |
| Diluted EPS | -0.02 | -0.02 | -0.04 | -0.12 | -0.01 | -1.84 | -2.12 | -1.84 | -0.08 | -0.04 | -0.04 | -0.20 | 0.01 |
| Weighted Average OS | 65.75M | 51.88M | 47.98M | 41.05M | 31.09M | 257,323 | 252,965 | 249,718 | 246,750 | 246,750 | 246,750 | 246,750 | 242,625 |
| EBITDA | -$825K | -$505K | -$949K | -$4.35M | $22K | -$289K | -$421K | -$374K | -$20K | -$8K | -$11K | -$37K | $1K |
| EBITDA Margin | - | - | - | - | - | -16210.9% | -42632.1% | - | - | - | - | - | 100.0% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $3K | $194 | $40 | $6K | $40K | $3K | $75K | $500K | $108 | $180 | $252 | $3K | $25K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $229 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3K | $194 | $40 | $6K | $40K | $3K | $75K | $500K | $108 | $180 | $252 | $3K | $25K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $125 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $3K | $194 | $40 | $6K | $40K | $3K | $75K | $501K | $108 | $180 | $252 | $3K | $25K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $225K | $225K | $225K | $205K | $0 | $27K | $56K | $41K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $193K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $225K | $225K | $225K | $205K | $193K | $97K | $56K | $41K | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $228K | $225K | $225K | $211K | $233K | $100K | $131K | $542K | $108 | $180 | $252 | $3K | $25K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $215K | $215K | $219K | $228K | $285K | $0 | $59K | $38K | $6K | $2K | $0 | $0 | $0 |
| Short-Term Debt | $530K | $179K | $211K | $229K | $308K | $34K | $0 | $0 | $0 | $29K | $20K | $15K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$88 | $0 | $0 | -$46K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $249K | $215K | $222K | $205K | $262K | $0 | $0 | $0 | $0 | -$29 | $3K | $0 | $0 |
| Total Current Liabilities | $994K | $609K | $651K | $661K | $854K | $134K | $59K | $38K | $51 | $31 | $23K | $15K | $0 |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $994K | $609K | $651K | $661K | $854K | $134K | $59K | $38K | $51K | $31K | $23K | $15K | $0 |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $21.31M | $19.88M | $16.71M | $15.4M | $11.19M | $89K | $85K | $84K | $8K | $8K | $8K | $8K | $8K |
| Retained Earnings | -$25.63M | -$24.8M | -$24.06M | -$23.07M | -$18.46M | -$1.29M | -$899K | -$455K | -$75K | -$55K | -$47K | -$36K | $1K |
| Comprehensive Income & Other | $292K | $255K | $435K | $349K | $497K | -$631 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $3.56M | $4.53M | $6.93M | $7.23M | $6.65M | $1.17M | $886K | $875K | $16K | $16K | $16K | $16K | $16K |
| Total Equity | -$766K | -$384K | -$426K | -$450K | -$621K | -$34K | $72K | $504K | -$51K | -$31K | -$23K | -$12K | $25K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $228K | $225K | $225K | $211K | $233K | $100K | $131K | $542K | $108 | $180 | $252 | $3K | $25K |
| Supplementary Data | |||||||||||||
| Total Debt | $530K | $179K | $211K | $229K | $308K | $34K | $0 | $0 | $46K | $29K | $20K | $15K | $0 |
| Net Debt | $527K | $179K | $210K | $222K | $267K | $32K | -$75K | -$500K | $46 | $29 | $20K | $12K | -$25K |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Operating Activities | |||||||||||||
| Net Income | -$838K | -$734K | -$169K | -$45K | -$223K | -$396K | -$444K | -$380K | -$20K | -$8K | -$11K | -$37K | $1K |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $29K | $23K | $6K | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $57K | $0 | -$96K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $3K | -$2K | $96K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | -$125 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$462 | $119K | $7K | $28K | $55K | $74K | $21K | $32K | $4K | -$1K | $3K | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $77K | $0 | -$1K | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$462 | $119K | $7K | $28K | $55K | $77K | $22K | $31K | $4K | -$1K | $3K | $0 | $0 |
| Other Non-Cash Items | $382K | $479K | $8K | -$233K | -$4K | $66K | $19K | $96K | -$4K | $1K | $0 | $0 | $0 |
| Net Cash from Operating | -$456K | -$135K | -$154K | -$250K | -$172K | -$221K | -$382K | -$247K | -$17K | -$9K | -$8K | -$37K | $1K |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $4 | -$20K | -$12K | -$57K | $0 | -$38K | -$47K | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$72K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$4 | $0 | $0 | $0 | -$67 | -$38 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | -$20K | -$12K | -$57K | -$67K | -$38K | -$47K | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | $1K | - | - | -$10K | $53K | - | - | -$16K | -$5K | -$5K | -$15K | - |
| Common Stock Issuance | $421K | $137K | $168K | $218K | $201K | $0 | $0 | $781K | $0 | $0 | $0 | $0 | $24K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $39K | $0 | -$400 | $10K | $28K | $171K | -$4K | $12K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $459K | $136K | $168K | $228K | $239K | $215K | -$4K | $793K | $16K | $9K | $5K | $15K | $24K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3K | $154 | -$6K | -$34K | $38K | -$73K | -$425K | $500K | -$72 | -$72 | -$3K | -$22K | $25K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$456K | -$135K | -$154K | -$250K | -$172K | -$221K | -$382K | -$247K | -$17K | -$9K | -$8K | -$37K | $1K |
| Capital Expenditure | $0 | $4 | -$20K | -$12K | -$57K | $0 | -$38K | -$47K | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$456K | -$135K | -$174K | -$262K | -$229K | -$221K | -$420K | -$294K | -$17K | -$9K | -$8K | -$37K | $1K |
| Cash at Beginning | $194 | $40 | $6K | $40K | $3K | $75K | $500K | $108 | $180 | $252 | $3K | $25K | $0 |
| Cash at End | $3K | $194 | $40 | $6K | $40K | $3K | $75K | $500K | $108 | $180 | $252 | $3K | $25K |