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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 6,575,124 $ 5,709,117
Accounts receivable, net 5,221,772 4,371,640
Settlement processing assets 45,060,670 49,737,068
Prepaid card load assets 46,398,476 20,170,761
Customer deposits 1,563,192 1,554,122
Inventory 482,170 507,355
Prepaid expenses and other 627,117 450,389
Current assets before merchant reserves 105,928,521 82,500,452
Merchant reserves 5,141,040 4,909,501
Total current assets 111,069,561 87,409,953
Property and equipment, net 3,006,347 3,222,816
Other assets:    
Intangibles, net 2,189,427 2,625,360
Deferred tax asset, net 1,504,000 1,504,000
Operating lease right-of-use assets 2,680,527 2,795,483
Other assets 355,357 355,357
Total other assets 6,729,311 7,280,200
Total assets 120,805,219 97,912,969
Current liabilities:    
Accounts payable 913,277 858,622
Accrued expenses 3,802,854 3,721,108
Operating lease liabilities, current portion 663,354 617,319
Equipment loan, current portion 43,208 56,429
Settlement processing obligations 45,060,670 49,737,068
Prepaid card load obligations 46,398,476 20,170,761
Customer deposits 1,563,192 1,554,122
Current liabilities before merchant reserve obligations 98,445,031 76,715,429
Merchant reserve obligations 5,141,040 4,909,501
Total current liabilities 103,586,071 81,624,930
Non-current liabilities:    
Equipment loan, non-current portion 0 14,994
Operating lease liabilities, non-current portion 2,157,933 2,338,947
Total liabilities 105,744,004 83,978,871
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at June 30, 2023 (unaudited) and December 31, 2022, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 28,462,606 and 27,044,900 issued, and 26,362,870 and 25,097,963 outstanding at June 30, 2023 (unaudited) and December 31, 2022, respectively 196,888 195,471
Additional paid-in capital 96,853,243 94,048,603
Treasury stock, at cost; 2,099,736 and 1,946,937 shares at June 30, 2023 (unaudited) and December 31, 2022, respectively (3,924,225) (3,749,027)
Deferred compensation (7,421,516) (5,697,900)
Accumulated deficit (70,643,175) (70,863,049)
Total stockholders’ equity 15,061,215 13,934,098
Total liabilities and stockholders’ equity $ 120,805,219 $ 97,912,969