v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income (loss) $ 402,583 $ (601,624)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 511,763 960,369
Deferred federal income tax 121,803 0
Employee stock-based compensation 811,792 844,317
Allowance for expected credit losses (223,096) 0
Reserve for processing losses (155,100) (171,525)
Changes in current assets and current liabilities:    
Accounts receivable (1,027,939) 162,045
Accounts receivable, tax credit 0 1,494,612
Prepaid expenses and other (464,758) (520,027)
Operating lease right-of-use assets 444,063 310,086
Inventory 69,567 23,339
Accounts payable and accrued expenses 286,463 (1,255,292)
Operating lease liabilities (371,601) (310,483)
Merchant reserves (227,000) 105,000
Customer deposits 74,064 69,509
Net cash provided by operating activities 252,604 1,110,326
Investing activities:    
Purchases of property and equipment (532,124) (73,925)
Capitalized labor for internal use software (476,791) (673,242)
Net cash used in investing activities (1,008,915) (747,167)
Financing activities:    
Payments on equipment loan, net (110,379) (72,328)
Proceeds from issuance of common stock 36,601 41,496
Purchases of treasury stock (370,932) (708,298)
Assets held for customers (12,685,977) 3,202,631
Net cash provided by (used in) financing activities (13,130,687) 2,463,501
Change in cash, cash equivalents, settlement processing assets, prepaid card load assets, customer deposits and merchant reserves (13,886,998) 2,826,660
Cash, cash equivalents, settlement processing assets, prepaid card load assets, customer deposits and merchant reserves, beginning of period 116,315,011 87,618,491
Cash, Cash Equivalents, Settlement Processing Assets, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Period 102,428,013 90,445,151
Supplemental disclosure of cash flow information:    
Interest 45,760 23,578
Income taxes 450,000 438,000
Issuance of deferred stock compensation 1,350,900 0
Right-of-use assets obtained in exchange for operating lease liabilities 1,206,270 0
Cash and cash equivalents 7,434,051 8,056,891
Settlement processing assets 74,180,475 47,104,006
Prepaid card load assets 27,623,728 25,648,688
Customer deposits 2,281,220 1,918,805
Merchant reserves 4,795,537 4,890,101
Cash, cash equivalents, settlement processing assets, prepaid card load assets, customer deposits and merchant reserves, beginning of period 116,315,011 87,618,491
Cash and cash equivalents 6,385,966 7,506,411
Settlement processing assets 72,172,358 62,891,265
Prepaid card load assets 16,945,868 13,064,060
Customer deposits 2,355,284 1,988,314
Merchant reserves 4,568,537 4,995,101
Cash, Cash Equivalents, Settlement Processing Assets, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Period 102,428,013 90,445,151
Employee Awards [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Employee stock-based compensation $ 811,792 $ 844,317