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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 8,718,247 $ 8,056,891
Accounts receivable, net 4,569,616 5,053,639
Accounts receivable, tax credit 0 1,494,612
Settlement processing assets 62,151,877 47,104,006
Prepaid card load assets 14,553,939 25,648,688
Customer deposits 1,907,169 1,918,805
Inventory 348,493 403,796
Prepaid expenses and other 729,039 585,500
Current assets before merchant reserves 92,978,380 90,265,937
Merchant reserves 4,925,101 4,890,101
Total current assets 97,903,481 95,156,038
Property and equipment, net 3,230,300 3,194,818
Other assets:    
Intangibles, net 663,349 881,346
Deferred tax asset, net 4,580,440 4,580,440
Operating lease right-of-use assets 2,884,691 3,037,928
Other assets 357,877 357,877
Total other assets 8,486,357 8,857,591
Total assets 109,620,138 107,208,447
Current liabilities:    
Accounts payable 715,223 1,256,819
Accrued expenses 2,705,122 3,366,925
Operating lease liabilities, current portion 620,915 612,680
Equipment loan, current portion 150,085 147,581
Settlement processing obligations 62,151,877 47,104,006
Prepaid card load obligations 14,553,939 25,648,688
Customer deposits 1,907,169 1,918,805
Current liabilities before merchant reserve obligations 82,804,330 80,055,504
Merchant reserve obligations 4,925,101 4,890,101
Total current liabilities 87,729,431 84,945,605
Non-current liabilities:    
Equipment loan, net of current portion 533,248 571,862
Operating lease liabilities, net of current portion 2,365,529 2,534,017
Total liabilities 90,628,208 88,051,484
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2025 (unaudited) and December 31, 2024, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 30,038,355 and 29,902,415 issued, and 26,527,906 and 26,609,651 outstanding at March 31, 2025 (unaudited) and December 31, 2024, respectively 30,038 198,317
Additional paid-in capital 99,992,655 99,676,457
Treasury stock, at cost; 3,510,449 and 3,292,764 shares at March 31, 2025 (unaudited) and December 31, 2024, respectively (6,122,232) (5,770,592)
Deferred compensation (6,640,905) (6,914,563)
Accumulated deficit (68,267,626) (68,032,656)
Total stockholders’ equity 18,991,930 19,156,963
Total liabilities and stockholders’ equity $ 109,620,138 $ 107,208,447