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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 4,284,360 $ 5,011,132
Accounts receivable, net 3,597,928 2,863,638
Settlement processing assets 36,792,386 43,558,442
Prepaid card load assets 18,555,474 7,610,242
Customer deposits 1,357,242 1,305,296
Inventory 180,927 176,466
Prepaid expenses and other 524,665 301,755
Current assets before merchant reserves 65,292,982 60,826,971
Merchant reserves 8,317,462 8,265,555
Total current assets 73,610,444 69,092,526
Property and equipment, net 3,226,152 3,105,926
Other assets:    
Intangibles, net 5,567,794 6,035,761
Deferred tax asset 1,394,000 1,394,000
Operating lease right-of-use assets 2,750,346 2,671,266
Other assets 353,815 368,078
Total other assets 10,065,955 10,469,105
Total assets 86,902,551 82,667,557
Current liabilities:    
Accounts payable 493,348 851,349
Accrued expenses 1,971,192 1,463,944
Operating lease liabilities, current portion 427,609 346,913
Equipment loan, current portion 53,135
Settlement processing obligations 36,792,386 43,558,442
Prepaid card load obligations 18,555,474 7,610,242
Customer deposits 1,357,242 1,305,296
Deferred revenues 57,353 66,572
Current liabilities before merchant reserve obligations 59,707,739 55,202,758
Merchant reserve obligations 8,317,462 8,265,555
Total current liabilities 68,025,201 63,468,313
Non-current liabilities:    
Equipment loan, non-current portion 112,861
Operating lease liabilities, non-current portion 2,494,135 2,495,883
Total liabilities 70,632,197 65,964,196
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2021 (unaudited) and December 31, 2020, respectively
Common stock, $0.001 par value, 200,000,000 shares authorized; 26,314,460 and 26,260,776 issued, and 25,013,557 and 24,974,995 outstanding at March 31, 2021 (unaudited) and December 31, 2020, respectively 194,745 194,692
Additional paid-in capital 89,740,284 89,659,433
Treasury stock, at cost; 1,300,903 and 1,285,781 shares at March 31, 2021 (unaudited) and December 31, 2020, respectively (2,215,175) (2,165,721)
Deferred compensation (5,671,077) (5,926,872)
Accumulated deficit (65,778,423) (65,058,171)
Total stockholders’ equity 16,270,354 16,703,361
Total liabilities and stockholders’ equity $ 86,902,551 $ 82,667,557