| Schedule of disaggregation of Revenue by service type and platform |
We disaggregate revenue by service type and by platform as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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Revenue stream |
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2026 |
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2025 |
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2026 |
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2025 |
|
Banking and payments revenues |
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$ |
5,293,820 |
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|
$ |
7,921,556 |
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|
$ |
10,225,033 |
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|
$ |
14,843,181 |
|
Custody and trading revenues |
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|
772,379 |
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|
|
241,600 |
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|
|
1,437,573 |
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|
|
393,455 |
|
Other revenues |
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|
27,685 |
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|
|
36,116 |
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|
|
27,782 |
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|
|
62,151 |
|
Less: Sales returns and allowances |
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|
(3,975 |
) |
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|
(23,346 |
) |
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|
(8,170 |
) |
|
|
(35,024 |
) |
Revenues, net |
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$ |
6,089,909 |
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|
$ |
8,175,926 |
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$ |
11,682,218 |
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|
$ |
15,263,763 |
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| Summary of activity deferred revenue |
The activity in deferred revenue for the six months ended June 30, 2026 and the year ended December 31, 2025, was as follows:
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Six Months Ended
June 30, 2026 |
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Year Ended December 31, 2025 |
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Beginning of the period contract liability |
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$ |
366,252 |
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$ |
875,466 |
|
Revenue recognized from the contract liabilities included in the beginning balance |
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|
(244,332 |
) |
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|
(771,669 |
) |
Increases due to cash received net of amounts recognized in revenue during the period |
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|
106,228 |
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|
|
262,455 |
|
End of period contract liability |
|
$ |
228,148 |
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|
$ |
366,252 |
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