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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 5,614,702 $ 5,011,132
Accounts receivable, net 3,160,449 2,863,638
Settlement processing assets 35,515,375 43,558,442
Prepaid card load assets 9,157,519 7,610,242
Customer deposits 1,410,607 1,305,296
Inventory 214,918 176,466
Prepaid expenses and other 432,417 301,755
Current assets before merchant reserves 55,505,987 60,826,971
Merchant reserves 8,101,153 8,265,555
Total current assets 63,607,140 69,092,526
Property and equipment, net 3,326,356 3,105,926
Other assets:    
Intangibles, net 5,099,828 6,035,761
Deferred tax asset 1,394,000 1,394,000
Operating lease right-of-use assets 3,038,920 2,671,266
Other assets 413,961 368,078
Total other assets 9,946,709 10,469,105
Total assets 76,880,205 82,667,557
Current liabilities:    
Accounts payable 645,224 851,349
Accrued expenses 1,847,384 1,463,944
Operating lease liabilities, current portion 487,410 346,913
Equipment loan, current portion 53,673 0
Settlement processing obligations 35,515,375 43,558,442
Prepaid card load obligations 9,157,519 7,610,242
Customer deposits 1,410,607 1,305,296
Deferred revenues 44,118 66,572
Current liabilities before merchant reserve obligations 49,161,310 55,202,758
Merchant reserve obligations 8,101,153 8,265,555
Total current liabilities 57,262,463 63,468,313
Non-current liabilities:    
Equipment loan, non-current portion 99,102 0
Operating lease liabilities, non-current portion 2,733,343 2,495,883
Total liabilities 60,094,908 65,964,196
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at June 30, 2021 (unaudited) and December 31, 2020, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 26,261,016 and 26,260,776 issued, and 24,954,529 and 24,974,995 outstanding at June 30, 2021 (unaudited) and December 31, 2020, respectively 194,691 194,692
Additional paid-in capital 89,662,665 89,659,433
Treasury stock, at cost; 1,306,487 and 1,285,781 shares at June 30, 2021 (unaudited) and December 31, 2020, respectively (2,244,985) (2,165,721)
Deferred compensation (5,267,134) (5,926,872)
Accumulated deficit (65,559,940) (65,058,171)
Total stockholders’ equity 16,785,297 16,703,361
Total liabilities and stockholders’ equity $ 76,880,205 $ 82,667,557