Schedule of Disaggregated Revenue |
The
Company disaggregated revenue by type for the three and six months ended June 30, 2025 and June 30, 2024 is as follows:
Schedule
of Disaggregated Revenue
| |
2025 | | |
2024 | |
| |
Three Months Ended June 30 | |
| |
2025 | | |
2024 | |
Account fee income | |
$ | 1,009,730 | | |
$ | 1,681,596 | |
Loan interest income | |
| 555,971 | | |
| 1,836,092 | |
Investment income | |
| 260,403 | | |
| 500,617 | |
Safe Harbor Program income | |
| 19,230 | | |
| 19,230 | |
Total | |
$ | 1,845,334 | | |
$ | 4,037,535 | |
| |
2025 | | |
2024 | |
| |
Six Months Ended June 30 | |
| |
2025 | | |
2024 | |
Account fee income | |
$ | 2,082,195 | | |
$ | 3,302,590 | |
Loan interest income | |
| 1,096,193 | | |
| 3,472,848 | |
Investment income | |
| 560,838 | | |
| 1,274,436 | |
Safe Harbor Program income | |
| 38,460 | | |
| 38,460 | |
Total | |
$ | 3,777,686 | | |
$ | 8,088,334 | |
|
Revenue by type are as follows:
Schedule
of Disaggregated Revenue
| |
2024 | | |
2023 | |
| |
Year ended December 31 | |
| |
2024 | | |
2023 | |
Account fee income | |
$ | 6,447,201 | | |
$ | 8,614,945 | |
Investment income | |
| 2,092,863 | | |
| 5,844,836 | |
Loan interest income | |
| 6,625,576 | | |
| 2,972,434 | |
Safe Harbor Program income | |
| 76,920 | | |
| 130,688 | |
Total Revenue | |
$ | 15,242,560 | | |
$ | 17,562,903 | |
|
Schedule of Revenue from PCCU |
Revenue
from PCCU is as follows:
Schedule
of Revenue from PCCU
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Three
Months Ended | | |
Six months ended | |
| |
June 30, | | |
June 30, | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
Deposit, activity, onboarding income | |
$ | 808,848 | | |
$ | 1,206,922 | | |
$ | 1,565,275 | | |
| 2,424,598 | |
Investment income | |
| 260,387 | | |
| 435,238 | | |
| 552,823 | | |
| 1,166,663 | |
Loan interest income | |
| 506,233 | | |
| 1,836,092 | | |
| 1,046,455 | | |
| 3,472,848 | |
Total | |
$ | 1,575,468 | | |
$ | 3,478,252 | | |
$ | 3,164,553 | | |
$ | 7,064,109 | |
|
|
Schedule of Revenue from PCCU Under General and Administrative Expenses |
Account fees associated from revenue from PCCU were recorded under general and administrative expenses in the unaudited
condensed consolidated statements of operations.
Schedule
of Revenue from PCCU Under General and Administrative Expenses
| |
2 025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Three Months Ended | | |
Six Months ended | |
| |
June 30, | | |
June 30, | |
| |
2 025 | | |
2024 | | |
2025 | | |
2024 | |
Account hosting fees | |
$ | 288,232 | | |
$ | 121,108 | | |
$ | 591,744 | | |
$ | 225,367 | |
Investment hosting fees | |
| - | | |
| 117,620 | | |
| - | | |
| 277,721 | |
Loan servicing fees | |
| - | | |
| 36,156 | | |
| - | | |
| 72,057 | |
Total | |
$ | 288,232 | | |
$ | 274,884 | | |
$ | 591,744 | | |
$ | 575,145 | |
|
|