v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 6,847,021 $ 10,766,982
Restricted cash 104,643,347 111,576,204
Accounts receivable, net 52,234,762 32,639,242
Other receivables 1,048,928 1,606,276
Prepaid expenses and other current assets 2,379,800 2,247,929
Total current assets 167,153,858 158,836,633
Fixed assets, net 1,134,779 1,157,975
Intangible assets, net 25,151,765 12,239,717
Goodwill 5,512,637 0
Operating lease right-of-use asset 2,683,754 2,792,922
Deferred tax asset, net 3,481,233 4,000,950
Total assets 205,118,026 179,028,197
Current liabilities    
Accounts payable and accrued liabilities 48,914,973 34,330,217
Operating lease liability, current portion 472,007 448,008
Other liabilities, current portion 2,000,000 0
Customer card funding 104,291,641 111,328,270
Total current liabilities 155,678,621 146,106,495
Operating lease liability, long-term portion 2,356,504 2,480,070
Other liabilities, long-term portion 7,808,637 0
Total liabilities 165,843,762 148,586,565
Commitments and contingencies (Note 9)  
Stockholders’ equity    
Preferred stock: $0.001 par value; 25,000,000 shares authorized; none issued and outstanding 0 0
Common stock; $0.001 par value; 150,000,000 shares authorized, 55,082,382 and 54,358,382 issued at March 31, 2025 and December 31, 2024, respectively 55,082 54,358
Additional paid-in capital 31,253,799 24,632,205
Treasury stock at cost, 934,708 and 834,708 shares, respectively (2,148,715) (1,772,929)
Retained earnings 10,114,098 7,527,998
Total stockholders’ equity 39,274,264 30,441,632
Total liabilities and stockholders’ equity $ 205,118,026 $ 179,028,197