During the fourth quarter of fiscal 2026, the Company identified an error in the timing of revenue recognition for its Refund Assurance Plan ("RAP") fees associated with the Company's tax preparation services. The Company had historically recognized RAP fees as revenue at the time the related tax return was prepared. However, the Company determined that under ASC 606, Revenue from Contracts with Customers, these fees should be recognized ratably over the 36-month coverage period of each plan, as the related performance obligation is a stand-ready obligation satisfied over time. Accordingly, the Company should recognize a contract liability for the unearned portion of RAP fees, which is recognized as revenue ratably over the coverage period.

The Company evaluated the error in accordance with SEC Staff Accounting Bulletin No. 99, Materiality, and SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, considering both quantitative and qualitative factors, and concluded that the error was not material, individually or in the aggregate, to any previously issued financial statements. The Company has revised the prior period comparative financial statements presented herein to reflect the correction for comparability purposes. Because the error was not material to any previously issued financial statements, no restatement to any previously filed annual or quarterly report is required.

The effect of the revision on the Company's previously issued consolidated financial statements for each financial statement line item affected is presented in the tables below:


	For the three months ended June 30,
	2025
	As Reported		Increase		As Revised
Insurance and other income, net1	$	17,149,118	$	322,905	$	17,472,023
Total revenues	132,451,920		322,905		132,774,825
Income before income taxes	1,945,816		322,905		2,268,721
Income tax expense	601,749		82,582		684,331
Net income	1,344,067		240,323		1,584,390
Net income per common share	0.26		0.04		0.30
Net income per diluted share	0.25		0.05		0.30


	As of and for the three months ended June 30,
	2025
	As Reported		Increase (Decrease)		As Revised
Opening retained earnings at March 31	$	173,053,986	$	(2,488,977)	$	170,565,009
Opening shareholders' equity at March 31	439,480,464		(2,488,977)		436,991,487
Net income	1,344,067		240,323		1,584,390
Ending retained earnings at June 30	161,379,742		(2,248,654)		159,131,088
Ending shareholders' equity at June 30	427,851,338		(2,248,654)		425,602,684


	Pre-Tax		Tax Effect		After-Tax
Errors through fiscal 2025 - adjustment to opening retained earnings as of April 1, 2025	$	(3,349,571)	$	860,594	$	(2,488,977)
Adjustment to retained earnings as of June 30, 2025	322,905		(82,582)		240,323
Total	$	(3,026,666)	$	778,012	$	(2,248,654)


	For the three months ended June 30,
	2025
	As Reported		Increase (Decrease)			As Revised
Cash flow from operating activities:
Net income	$	1,344,067	$	240,323		$	1,584,390
Adjustments to reconcile net income to net cash provided by operating activities:
Change in accounts:
Deferred income tax expense	4,164,091		82,582			4,246,673
Deferred revenue (contract liability)	—		(322,905)			(322,905)
Net cash provided by operating activities	$	58,153,047	$	—	—	$	58,153,047