1 unchanged sentence
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.
−Removed: The information contained in the Company's website shall not be deemed to be a part of this Annual Report.
+Added: 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.
7 unchanged sentences
The application provides customers with a choice of today’s leading couriers and freight carriers, all with discounted pricing allowing members to save on every shipment.
−Removed: In addition to these features, ShipTime also provides what it refers to as “Heroic Multilingual Customer Support.” In this capacity, ShipTime acts as an advocate on behalf of its clients in resolving matters concerning orders and shipping to enhance the customer experience.
+Added: In addition to these features, ShipTime also provides what it refers to as “Heroic Multilingual Customer Support.” In this capacity, ShipTime acts as an advocate on behalf of its clients in resolving matters concerning orders and shipping to enhance customer experiences.
With an increasing focus and service offering for e-commerce merchants;
2 unchanged sentences
We actively sell directly to small and medium businesses and through long standing partnerships with selected associations throughout Canada and we currently serve in excess of 109,300 members across the world.
−Removed: BeerRun Software.
−Removed: BeerRun Software is a brewery management and Alcohol and Tobacco Tax and Trade Bureau tax reporting software.
−Removed: Small craft brewers can utilize the product to manage brewery schedules, inventory, packaging, sales and purchasing.
−Removed: Tax reporting can be processed with a single click and is fully customizable by state or province.
−Removed: The software is designed to integrate with QuickBooks accounting platforms by using our powerful sync engine.
−Removed: We currently offer two versions of the software BeerRun and BeerRun Light which excludes some of the enhanced features of BeerRun without disrupting the core functionality of the software.
includes the PaidPayment, PaidWeb, PaidCart and PaidShipping products that offers a robust platform enabling small and medium businesses to launch websites via our catalog of templates.
17 unchanged sentences
We continue to focus on clients in both the United States and Canada.
−Removed: Paid products will continue to grow in 2024 with the launch of our PaidShipping, PaidWeb and PaidCart platforms.
−Removed: BeerRun continues to be a component of the Company and remains effective for the existing clients.
−Removed: Our strategy for 2025 is to continue to wind down this segment of the business as we are no longer investing in new technologies and development in the Craft Brewing industry.
As ShipTime has been cash flow positive we are able to take advantage of the excess cash with long- and short-term investments.
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Under the Securities Purchase Agreement, the Company had the right to purchase additional shares on the same terms.
−Removed: An agreement to extend the Note in 2024 has been authorized which includes an additional $500,000 investment with a 25% original issue discount.
+Added: An agreement to extend the Note in 2024 was authorized which included an additional $500,000 investment with a 25% original issue discount.
+Added: In 2025 the Company entered into a Forbearance and Loan Modification Agreement with Embolx which extends the note until August 2026.
Additionally, Management feels that the assets of Embolx are sufficient to satisfy the obligation of the note receivable.
7 unchanged sentences
While much of the growth and success in 2025 was the result of the cooperative efforts of ShipTime sales staff, our channel partners and our marketing strategies play a key role in the Company’s growth.
−Removed: Additions to our sales team have allowed us to continue to pursue opportunities with channel partners.
+Added: Additions to our management team have allowed us to continue to pursue opportunities with channel partners.
The Company will continue to market PAID and ShipTime throughout 2026 and beyond.
−Removed: Cross-selling efforts will be enhanced, and new features are being added to our Paid platform.
+Added: Cross-selling efforts will be enhanced, and new features are being added to our Paid and ShipTime platforms.
Based on experience and feedback with existing partnerships that promote our product lines, the Company believes that creating additional partnerships in the United States and beyond North America is an effective marketing tool to promote and encourage new registrations.
−Removed: Additional resources and marketing initiatives will be utilized to increase onboarding and convert our members to being active long-time users of the Company’s services in order to accelerate our growth.
+Added: Additional resources and marketing initiatives will be utilized to increase onboarding and convert our members into active long-time users of the Company’s services in order to accelerate our growth.
Revenue Sources
In 2025, our revenues were primarily derived from our label generation services.
−Removed: This portion of our business has maintained consistent growth since our merger in 2016.
−Removed: In addition to the label generation services we continue to focus on launching our new e-commerce platforms.
+Added: This portion of our business has maintained consistent growth since our merger with ShipTime in 2016.
+Added: In addition to the label generation services, we continue to focus on launching our new e-commerce platforms and adding additional carriers and services to our product offerings.
See “Risk Factors” included in Item 1A.
9 unchanged sentences
Over the past years, the Company has made progress developing new integrations with e-commerce shopping cart platforms.
−Removed: The Company now employs several developers who are focused on the growth of the PAID brand and ShipTime products and their technologies.
+Added: The Company has recently brought on a new Chief Technology Officer in addition to several new developers who are focused on the growth of the PAID brand and ShipTime products and their technologies.
Our technology roadmap has been projected from 2025 through the 2027 calendar year and we have enhancements scheduled for all aspects of our businesses.
Our strategy includes continuous user enhancements on our existing platforms, new websites, updates to our e-commerce shopping cart solution, enhancements to our merchant payment processing platform, shipping calculator enhancements and many additional features and upgrades to our online shopping and shipping tools.
−Removed: As of March 31, 2025, the Company currently has twenty-six full time equivalent employees and one part-time employee.
−Removed: We have no collective bargaining agreements and consider the relationship with our employees to be excellent.
+Added: As of March 31, 2026, the Company currently has twenty-nine full time equivalent employees and one part-time employee.
+Added: We have no collective bargaining agreements and consider the relationship with our employees to be heroic.
Government Regulation
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.