v3.26.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Asset Acquisition
Consideration:
Issuance of common stock$4,500,000 
Earn-out liability550,000 
Total consideration$5,050,000 
Assets acquired:Useful Life:
Acquired capitalized software developments3 years$5,050,000 
Schedule of Purchase Price Allocation as of the Acquisition Date
The purchase price allocation as of the acquisition date is presented as follows:
March 13,
2024
Purchase consideration:
Common Stock, at fair value$14,137,606 
Assumption of notes payable8,449,500 
Cash paid1,587,184 
Total purchase consideration$24,174,290 
Purchase price allocation:
Cash$1,728,400 
Loans held for investment7,027,678 
Fixed assets243,879 
Intangible assets11,720,000 
Prepaid expenses1,269,933 
Goodwill10,930,978 
Operating lease right of use asset341,121 
Accounts payable and other current liabilities(3,430,171)
Lease liability(341,121)
Revolving line of credit(5,316,407)
Fair value of net assets acquired$24,174,290 
Schedule of Intangible Assets Acquired Estimated Useful Lives Date of Acquisition
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in years):
Fair valueEstimated useful life
Trademarks and tradenames$1,700,000 5
Internally developed software3,600,000 3
Merchant relationships5,900,000 5
State operating licenses520,000 Indefinite
Total intangible assets$11,720,000 
Schedule of Pro Forma Financial Information
The following unaudited supplemental pro forma combined financial information presents the Company’s combined results of operations for the year ended December 31, 2024 as if the Credova Merger had occurred on January 1, 2024. The pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the Company’s operating results that may have occurred had the Credova Merger been completed on January 1, 2024. In addition, the unaudited pro forma financial information does not give effect to any anticipated cost savings, operating efficiencies or other synergies that may be associated with the merger, or any estimated costs that have been or will be incurred by the Company to integrate the assets and operations of Credova.
For the year ended December 31, 2024
Revenue$26,112,999 
Net loss$(56,296,035)