XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 10 - Segment Reporting | 6 Months Ended
--- | ---
Jun. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 10. Segment Reporting Usio's reportable operating segments are "Output Solutions" and "Merchant Services" and these segments have been selected based on management’s resource allocation and performance assessment in making decisions regarding the Company. The following is a description of the segments. Output Solutions This segment offers electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institutions through the acquisition of substantially all of the assets of IMS. Output Solutions, provides an outsourced solution for document design, print, and electronic delivery to potential customers and entities looking to reduce postage costs and increase efficiencies. Merchant Services This segment offers integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and electronic funds transfer via the ACH network. Additionally, as part of our Prepaid card-based processing services, we develop and manage a variety of Mastercard-branded prepaid card program types, including consumer reloadable, consumer gift, incentive, promotional, general and government disbursement and corporate expense cards. The following tables set forth certain financial information with respect to Usio’s reportable segments for the three months ended June 30, 2025 and 2024:
For the Three Months Ended June 30, 2025 |  | Output Solutions |  |  | Merchant Services |  |  | Total |
Revenues |  | $ | 4,685,985 |  |  | $ | 15,275,005 |  |  | $ | 19,960,990 |
Cost of services |  |  | 3,846,854 |  |  |  | 10,974,067 |  |  |  | 14,820,921 |
Gross profit |  | $ | 839,131 |  |  | $ | 4,300,938 |  |  | $ | 5,140,069 |
Depreciation and amortization |  | $ | 235,547 |  |  | $ | 229,052 |  |  | $ | 464,599 |
Capital expenditures |  | $ | 61,859 |  |  | $ | 1,731 |  |  | $ | 63,590 |
Identifiable assets1 |  | $ | 3,816,153 |  |  | $ | 8,046,699 |  |  | $ | 11,862,852 |
For the Three Months Ended June 30, 2024 |  | Output Solutions |  |  | Merchant Services |  |  | Total |
Revenues |  | $ | 4,726,015 |  |  | $ | 15,353,873 |  |  | $ | 20,079,888 |
Cost of services |  |  | 3,790,529 |  |  |  | 11,489,545 |  |  |  | 15,280,074 |
Gross profit |  | $ | 935,486 |  |  | $ | 3,864,328 |  |  | $ | 4,799,814 |
Depreciation and amortization |  | $ | 342,050 |  |  | $ | 205,799 |  |  | $ | 547,849 |
Capital expenditures |  | $ | — |  |  | $ | 3,464 |  |  | $ | 3,464 |
Identifiable assets1 |  | $ | 4,408,855 |  |  | $ | 8,505,229 |  |  | $ | 12,914,084 |
Note to tables:
| (1) | Identifiable assets is calculated by summing the balances of accounts receivable, net; inventory; property and equipment, net; operating lease right-of-use lease assets; and intangibles, net.
The following tables set forth certain financial information with respect to Usio’s reportable segments for the six months ended June 30, 2025 and 2024:
For the Six Months Ended June 30, 2025 |  | Output Solutions |  |  | Merchant Services |  |  | Total |
Revenues |  | $ | 10,457,583 |  |  | $ | 31,512,457 |  |  | $ | 41,970,040 |
Cost of services |  |  | 8,372,664 |  |  |  | 23,648,164 |  |  |  | 32,020,828 |
Gross profit |  | $ | 2,084,919 |  |  | $ | 7,864,293 |  |  | $ | 9,949,212 |
Depreciation and amortization |  | $ | 478,175 |  |  | $ | 482,194 |  |  | $ | 960,369 |
Capital expenditures |  | $ | 61,859 |  |  | $ | 12,066 |  |  | $ | 73,925 |
Identifiable assets1 |  | $ | 3,816,153 |  |  | $ | 8,046,699 |  |  | $ | 11,862,852 |
For the Six Months Ended June 30, 2024 |  | Output Solutions |  |  | Merchant Services |  |  | Total |
Revenues |  | $ | 10,298,328 |  |  | $ | 30,751,946 |  |  | $ | 41,050,274 |
Cost of services |  |  | 8,355,378 |  |  |  | 23,041,387 |  |  |  | 31,396,765 |
Gross profit |  | $ | 1,942,950 |  |  | $ | 7,710,559 |  |  | $ | 9,653,509 |
Depreciation and amortization |  | $ | 683,051 |  |  | $ | 440,952 |  |  | $ | 1,124,003 |
Capital expenditures |  | $ | 29,350 |  |  | $ | 24,542 |  |  | $ | 53,892 |
Identifiable assets1 |  | $ | 4,408,855 |  |  | $ | 8,505,229 |  |  | $ | 12,914,084 |
Note to tables:
| (1) | Identifiable assets is calculated by summing the balances of accounts receivable, net; inventories; property and equipment, net; net right-of-use lease assets; and intangibles.
The following table reconciles segment profit reported above to the loss from operations reported in the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024:
|  | Three Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Segment Profit |  | $ | 5,140,069 |  |  | $ | 4,799,814 |
Stock-based compensation |  |  | (434,255 | ) |  |  | (460,061 | )
SG&A |  |  | (4,638,185 | ) |  |  | (4,000,845 | )
Depreciation and amortization |  |  | (464,599 | ) |  |  | (547,849 | )
Operating (loss) |  | $ | (396,970 | ) |  | $ | (208,941 | )
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Segment Profit |  | $ | 9,949,212 |  |  | $ | 9,653,509 |
Stock-based compensation |  |  | (844,317 | ) |  |  | (959,334 | )
SG&A |  |  | (8,781,080 | ) |  |  | (8,061,070 | )
Depreciation and amortization |  |  | (960,369 | ) |  |  | (1,124,003 | )
Operating (loss) |  | $ | (636,554 | ) |  | $ | (490,898 | )

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration