v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net income (loss) $ 6,869,920 $ 104,548
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Less: Net income attributable to noncontrolling interest (6,242) (13,498)
Depreciation 46,643 38,832
Common stock issued for services 49,299
Series B Preferred issued for services 1
Fixed assets, net (35,242) 25,425
Acquired intangible assets 75,665 (24,908)
Change in assets and liabilities:    
Gross accounts receivable (170,517) (16,320)
Prepaid 61,689 (186,449)
Related party receivable 7,322,711 (1,446,098)
Accounts payable 335,875 235,223
Other current liabilities (490,392) (4,434,429)
Accrued interest 1,254 67
Customer funds 22,525,367 5,926,493
Fair value of trading position, net 1,111,487 143,164
Operating lease 137,866 (43,713)
Deferred taxes (5,636) 15,114
Tax receivable by subsidiaries 2,615,533 (7,612)
Accrued income 4,174 (250,316)
Right of use of assets (lease) (137,866) 43,713
Accrued expenses, related party 464,972 7,500
Net cash provided by (used in) operating activities 40,727,261 166,036
Investing Activities:    
Capitalized software (98,107) (54,234)
Investment through subsidiary 1,552
Business acquisition seller’s note
Changes in paid-in capital, common control 4,643,653 882,771
Net cash provided by (used in) investing activities 4,547,098 828,537
Financing Activities:    
Borrowing from (payments to) line of credit 155,574 110,463
Net proceeds from cares act – paycheck protection program (3,272)
Net proceeds from SBA loan (2,126) (2,127)
Related party advances (25,900,580) 932,932
Noncontrolling interest 10,476 (10,433)
Net cash provided by (used in) financing activities (25,736,656) 1,027,563
Effect of exchange rate changes on cash (315,911) 193,407
Net increase (decrease) in cash 19,221,792 2,215,543
Cash at beginning of the period 17,669,749 24,781,389
Cash at end of the period $ 36,891,541 $ 26,996,932