v3.26.1
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income (loss) $ 623,918 $ (696,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 127,100 132,546
Common stock issued for services 35,200 54,750
Series B Preferred issued for services 14,100 792,200
Accounts receivable allowance 22,382 22,382
Fixed assets, net (135,791) (347,214)
Acquired intangible assets (46,280) (12,695)
Change in assets and liabilities:    
Gross accounts receivable (303,254) 977,118
Prepaid (339,637) 224,437
Related party receivable (4,042,260) (1,187,686)
Accounts payable 91,605 143,274
Other current liabilities (4,348,074) 4,699,893
Accrued interest (25,114) 42,164
Client funds payable 5,924,533 (8,643,333)
Fair value of trading position, net (588,221) 814,652
Operating lease (134,477) 756,847
Deferred taxes 44,557 (487,642)
Related party guarantee (27,139)
Tax receivable by subsidiaries (22,439) (3,554)
Accrued income (685,715) 154,709
Right of use of assets (lease) 123,703 (976,918)
Accrued expenses, related party 12,500 (15,000)
Net cash provided (used) in operating activities (3,651,664) (3,582,283)
Investing Activities:    
Capitalized software (224,177) 115,244
Business acquisition loan 25,000
Changes in paid-in capital 1,279,715 766,649
Net cash provided (used) in investing activities 1,055,538 906,893
Financing Activities:    
Borrowing from (payments to) line of credit 64,037 (29,987)
Net proceeds from cares act - paycheck protection program (5,661) (10,494)
Net proceeds from SBA loan (6,379) (6,379)
Related party advances (5,270,225) (535,660)
Common stock issued for cash 20,000
Common stock issued for financing cost 8,900
Series A Preferred cancelation (200)
Change in noncontrolling interest 69,077 (29,138)
Noncontrolling (income) loss (113,542) 16,940
Net cash provided (used) by financing activities (5,262,693) (566,018)
Effect of exchange rates 96,584 (85,636)
Net increase (decrease) in cash (7,762,235) (3,327,044)
Cash and cash equivalents, and restricted cash at beginning of period 25,376,957 31,316,461
Cash and cash equivalents, and restricted cash at end of period 17,614,722 27,989,417
Cash paid for income taxes
Cash paid for interest