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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-K**\n\n \n\n☑ **Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**\n\n \n\n**For the fiscal year ended December 31, 2025**\n\n \n\n☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n\n \n\nFor the transition period from                                                                     to                                \n\n \n\n**COMMISSION FILE NUMBER 0-28720**\n\n \n\n \n\n**(Exact Name of Registrant as Specified in its Charter)**\n\n \n\n**Delaware**\n\n**73-1479833**\n\n(State or Other Jurisdiction of Incorporation or Organization)\n\n(I.R.S. Employer Identification No.)\n\n \n\n**225 Cedar Hill Street, Marlborough, Massachusetts 01752**\n\n(Address of Principal Executive Offices) (Zip Code)\n\n \n\n**(617) 861-6050**\n\n(Registrant’s Telephone Number, Including Area Code)\n\n \n\nSecurities registered under Section 12(b) of the Act:\n\n \n\nTitle of each class\n\nTrading Symbol\n\nName of each exchange on which registered\n\nNone\n\nNone\n\nNone\n\n \n\nSecurities registered under Section 12(g) of the Act:\n\n**Common Stock, $0.001 Par Value**\n\n \n\nIndicate by check mark whether the registrant has filed a report on an attestation to its management’s assessment of the effectiveness of its internal control of financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.   Yes ☐     No ☑\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ☐     No ☑\n\n \n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐     No ☑\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑     No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes ☑   No ☐\n\n \n\n \n\n \n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or emerging growth company.  See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated Filer\n\n☐\n\nNon-accelerated filer\n\n☑\n\nSmaller reporting company \n\n☑\n\nEmerging Growth Company\n\n☐\n\n \n\nIf an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                                                                                             ☐\n\n \n\nIndicate by check mark whether the registrant has filed a report on and attestation to its managements’ assessment of effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.                                                                                                              ☐\n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.                                                                                                                                             ☐\n\n \n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).                                                                                             ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐     No ☑\n\n \n\nThe aggregate market value of the common stock held by non-affiliates of the registrant based on the last sale price of such stock as reported by the Over-the-Counter Bulletin Board on June 30, 2025 (the last business day of the Registrant's most recently completed second fiscal quarter) was approximately $6,851,217.\n\n \n\nAs of March 31, 2026, the registrant had 8,446,289 shares of Common Stock outstanding.\n\n \n\nDOCUMENTS INCORPORATED BY REFERENCE\n\n \n\nNo documents are incorporated by reference into this Annual Report except those Exhibits so incorporated as set forth in the Exhibit Index.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**PAID, INC.**\n\n \n\n**FORM 10-K**\n\n**FOR THE YEAR ENDED DECEMBER 31, 2025**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\n**PART I**"}