v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 7,728,795 $ 7,434,051
Settlement processing assets 69,522,444 74,180,475
Prepaid card load assets 15,466,828 27,623,728
Customer deposits 2,239,829 2,281,220
Accounts receivable, net 5,418,653 5,274,586
Inventory 392,873 461,675
Prepaid expenses and other 1,903,690 1,359,382
Merchant reserves 4,617,537 4,795,537
Total current assets 107,290,649 123,410,654
Property and equipment, net 4,545,252 4,157,393
Other assets:    
Intangibles, net 9,759 9,759
Deferred tax asset, net 4,459,144 4,526,228
Operating lease right-of-use assets 3,524,650 2,423,231
Other assets 362,949 362,949
Total other assets 8,356,502 7,322,167
Total assets 120,192,403 134,890,214
Current liabilities:    
Accounts payable 1,275,061 880,590
Accrued expenses 4,052,640 3,326,445
Operating lease liabilities, current portion 756,708 639,805
Equipment loan, current portion 337,544 289,317
Settlement processing obligations 69,522,444 74,180,475
Prepaid card load obligations 15,466,828 27,623,728
Customer deposits 2,239,829 2,281,220
Merchant reserve obligations 4,617,537 4,795,537
Total current liabilities 98,268,591 114,017,117
Non-current liabilities:    
Equipment loan, net of current portion 987,996 1,074,711
Operating lease liabilities, net of current portion 2,790,905 1,885,983
Total liabilities 102,047,492 116,977,811
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2026 (unaudited) and December 31, 2025 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 31,667,305 and 31,562,178 issued, and 27,672,168 and 27,729,704 outstanding at March 31, 2026 (unaudited) and December 31, 2025, respectively 31,667 31,562
Additional paid-in capital 102,455,703 102,363,590
Treasury stock, at cost; 3,995,137 and 3,832,474 shares at March 31, 2026 (unaudited) and December 31, 2025, respectively (7,070,640) (6,837,181)
Deferred compensation (6,849,327) (7,100,573)
Accumulated deficit (70,422,492) (70,544,995)
Total stockholders’ equity 18,144,911 17,912,403
Total liabilities and stockholders’ equity $ 120,192,403 $ 134,890,214