v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 34,539,557 $ 21,067,651
Restricted cash 201,794,157 143,917,060
Accounts receivable, net 75,773,472 72,191,994
Other receivables 345,228 926,529
Prepaid expenses and other current assets 2,472,213 1,953,717
Total current assets 314,924,627 240,056,951
Fixed assets, net 1,846,519 1,897,892
Intangible assets, net 19,636,361 22,346,213
Goodwill 4,487,637 4,487,637
Operating lease right-of-use asset 5,100,712 5,729,541
Deferred tax asset, net 1,478,334 1,734,969
Total assets 347,474,190 276,253,203
Current liabilities    
Accounts payable and accrued liabilities 69,449,438 70,542,803
Customer card funding 200,820,880 143,191,068
Operating lease liability, current portion 910,585 751,503
Other liabilities, current portion 1,788,992 1,863,116
Total current liabilities 272,969,895 216,348,490
Operating lease liability, long-term portion 4,584,867 5,273,891
Other liabilities, long-term portion 3,564,666 6,140,651
Total liabilities 281,119,428 227,763,032
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock: $0.001 par value; 25,000,000 shares authorized; none issued and outstanding 0 0
Common stock; $0.001 par value; 150,000,000 shares authorized, 58,513,071 and 56,021,596 issued at September 30, 2026 and December 31, 2025, respectively 58,513 56,022
Additional paid-in capital 39,626,439 35,503,253
Treasury stock at cost, 1,675,203 and 934,708 shares, respectively (7,340,950) (2,148,715)
Retained earnings 34,010,760 15,079,611
Total stockholders’ equity 66,354,762 48,490,171
Total liabilities and stockholders’ equity $ 347,474,190 $ 276,253,203