v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 7,551,613 $ 3,815,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 4,262,058 2,604,589
Depreciation and amortization 8,318,797 5,994,986
Noncash lease expense 591,786 422,103
Deferred income taxes, net 2,265,981 298,780
Changes in operating assets and liabilities:    
Accounts receivable (39,552,752) (16,416,901)
Other receivables 679,747 (20,293)
Prepaid expenses and other current assets 294,212 (227,148)
Accounts payable and accrued liabilities 36,607,716 7,812,650
Operating lease liability (431,089) (383,699)
Customer card funding 31,862,798 19,046,146
Net cash provided by operating activities 52,450,867 22,947,120
Cash flows from investing activities:    
Purchase of fixed assets (1,209,048) (434,901)
Capitalization of internally developed software (6,801,761) (8,926,201)
Purchase of intangible assets (83,401) (127,600)
Net assets acquired in business combination (2,000,000) 0
Net cash used in investing activities (10,094,210) (9,488,702)
Cash flows from financing activities:    
Proceeds from exercise of stock options 660,654 28,800
Repurchase of common stock (375,786) (495,045)
Net cash provided by (used in) financing activities 284,868 (466,245)
Net change in cash and restricted cash 42,641,525 12,992,173
Cash and restricted cash, beginning of period 122,343,186 109,351,013
Cash and restricted cash, end of period 164,984,711 122,343,186
Cash and restricted cash reconciliation:    
Cash 21,067,651 10,766,982
Restricted cash 143,917,060 111,576,204
Total cash and restricted cash 164,984,711 122,343,186
Supplemental cash flow information:    
Non-cash assets acquired in business combination 13,558,637 0
Non-cash liabilities incurred in business combination (7,608,637) 0
Common stock issued in business combination (5,950,000) 0
Right-of-use assets obtained in exchange for new operating lease liabilities, net 3,528,404 0
Cash paid for taxes $ 414,186 $ 136,631