v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 21,067,651 $ 10,766,982
Restricted cash 143,917,060 111,576,204
Accounts receivable, net 72,191,994 32,639,242
Other receivables 926,529 1,606,276
Prepaid expenses and other current assets 1,953,717 2,247,929
Total current assets 240,056,951 158,836,633
Fixed assets, net 1,897,892 1,157,975
Intangible assets, net 22,346,213 12,239,717
Goodwill 4,487,637 0
Operating lease right-of-use asset 5,729,541 2,792,922
Deferred tax asset, net 1,734,969 4,000,950
Total assets 276,253,203 179,028,197
Current liabilities    
Accounts payable and accrued liabilities 70,542,803 34,330,217
Operating lease liability, current portion 751,503 448,008
Other liabilities, current portion 1,863,116 0
Customer card funding 143,191,068 111,328,270
Total current liabilities 216,348,490 146,106,495
Operating lease liability, long-term portion 5,273,891 2,480,070
Other liabilities, long-term portion 6,140,651 0
Total liabilities 227,763,032 148,586,565
Commitments and contingencies (Note 10)
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, 56,021,596 and 54,358,382 issued at December 31, 2025 and 2024, respectively 56,022 54,358
Additional paid-in capital 35,503,253 24,632,205
Treasury stock at cost, 934,708 shares and 834,708 shares, respectively (2,148,715) (1,772,929)
Retained earnings 15,079,611 7,527,998
Total stockholders’ equity 48,490,171 30,441,632
Total liabilities and stockholders’ equity $ 276,253,203 $ 179,028,197