v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
(9) Segment Reporting
 
The Company has a single operating and reportable segment: SaaS subscription products. This segment includes add-ons and enhancements that can only be accessed with an active base subscription to its SaaS subscription products. The products are used mainly by subscribers to analyze commercial financial risk for the purpose of extending trade credit and managing the counterparty risk associated with these relationships.
 
The Company’s CODM is its Chief Executive Officer and President. The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.
                
  3 Months Ended 6 Months Ended
  June 30, June 30,
   
2025
    
2024
    
2025
    
2024
 
                    
Segment operating revenues
$5,059,542   $4,933,767   $9,930,955   $9,742,474 
                    
Less:
                  
Significant segment expenses
                  
Data and product costs
                  
Employee expenses
 1,393,423    1,380,745    2,891,536    2,841,933 
Data feed expenses
 516,966    489,958    1,051,868    973,058 
Hosting and computer services expenses
 86,527    69,938    145,241    109,751 
Other data and product costs
 197,144    232,543    388,789    436,136 
Data and product costs subtotal
 2,194,060    2,173,184    4,477,434    4,360,878 
                    
Selling, general and administrative expenses
                  
Employee expenses
 1,932,924    2,014,253    3,847,035    4,023,250 
Professional fee expenses
 205,441    170,649    308,547    317,484 
Marketing expenses (1)
 203,062    268,373    411,853    485,921 
Occupancy expenses (2)
 113,694    106,366    224,038    216,304 
Other general and administrative expenses
 172,047    125,692    312,646    206,060 
Selling, general and administrative expenses subtotal
 2,627,168    2,685,333    5,104,119    5,249,019 
                    
Other significant segment items
                  
Depreciation and amortization
 117,044    100,894    202,764    194,063 
Other (income), net
 (179,684)    (195,735)    (360,516)    (397,495) 
Provision for income taxes
 71,427    40,905    118,565    79,416 
                    
Segment net income
$229,527   $129,186   $388,589   $256,593 
 
(1)   Marketing expenses include vendors, trade show conferences, and promotional materials.
(2)   Occupancy expenses include rent, utilities, repairs, and office supplies.