v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 6,385,966 $ 7,434,051
Settlement processing assets 72,172,358 74,180,475
Prepaid card load assets 16,945,868 27,623,728
Customer deposits 2,355,284 2,281,220
Merchant reserves 4,568,537 4,795,537
Accounts receivable, net 6,525,621 5,274,586
Inventory 392,108 461,675
Prepaid expenses and other 1,824,140 1,359,382
Total current assets 111,169,882 123,410,654
Property and equipment, net 4,654,545 4,157,393
Other assets:    
Intangibles, net 9,759 9,759
Operating lease right-of-use assets, net 3,185,438 2,423,231
Other assets 362,949 362,949
Deferred tax asset, net 4,404,425 4,526,228
Total other assets 7,962,571 7,322,167
Total assets 123,786,998 134,890,214
Current liabilities:    
Accounts payable 967,359 880,590
Accrued expenses 3,371,039 3,326,445
Operating lease liabilities, current portion 750,013 639,805
Equipment loan, current portion 343,339 289,317
Settlement processing obligations 72,172,358 74,180,475
Prepaid card load obligations 16,945,868 27,623,728
Customer deposits 2,355,284 2,281,220
Merchant reserve obligations 4,568,537 4,795,537
Total current liabilities 101,473,797 114,017,117
Non-current liabilities:    
Operating lease liabilities, net of current portion 2,610,444 1,885,983
Equipment loan, net of current portion 910,310 1,074,711
Total liabilities 104,994,551 116,977,811
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at June 30, 2026 (unaudited) and December 31, 2025 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 32,607,392 and 31,562,178 issued, and 28,513,915 and 27,729,704 outstanding at June 30, 2026 (unaudited) and December 31, 2025, respectively 32,607 31,562
Additional paid-in capital 104,007,118 102,363,590
Treasury stock, at cost; 4,093,477 and 3,832,474 shares at June 30, 2026 (unaudited) and December 31, 2025, respectively (7,208,113) (6,837,181)
Deferred compensation (7,896,753) (7,100,573)
Accumulated deficit (70,142,412) (70,544,995)
Total stockholders’ equity 18,792,447 17,912,403
Total liabilities and stockholders’ equity $ 123,786,998 $ 134,890,214