v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 18,931,149 $ 6,188,996
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,892,007 2,892,309
Depreciation and amortization 7,285,088 6,111,520
Noncash lease expense 628,829 385,529
Change in fair value of contingent consideration (990,000) 0
Deferred income taxes, net 256,635 1,012,467
Changes in operating assets and liabilities:    
Accounts receivable (3,581,478) (17,005,175)
Other receivables 581,301 954,982
Prepaid expenses and other current assets (518,496) (208,131)
Accounts payable and accrued liabilities (753,474) 5,372,312
Operating lease liability (529,942) (377,257)
Customer card funding 57,629,812 (967,381)
Net cash provided by operating activities 82,831,431 4,360,171
Cash flows from investing activities:    
Purchase of fixed assets (424,870) (618,469)
Capitalization of internally developed software (3,691,746) (5,734,468)
Purchase of intangible assets (407,247) (83,402)
Net assets acquired in business combination 0 (2,000,000)
Net cash used in investing activities (4,523,863) (8,436,339)
Cash flows from financing activities:    
Proceeds from exercise of options 233,670 660,654
Payments on other liability (2,000,000) 0
Repurchase of shares for tax withholding (5,192,235) 0
Repurchase of common stock 0 (375,786)
Net cash (used in) provided by financing activities (6,958,565) 284,868
Net change in cash and restricted cash 71,349,003 (3,791,300)
Cash and restricted cash, beginning of period 164,984,711 122,343,186
Cash and restricted cash, end of period 236,333,714 118,551,886
Cash and restricted cash reconciliation:    
Cash 34,539,557 7,529,047
Restricted cash 201,794,157 111,022,839
Total cash and restricted cash 236,333,714 118,551,886
Supplemental cash flow information:    
Non-cash assets acquired in business combination 0 13,558,637
Non-cash liabilities incurred in business combination 0 (7,608,637)
Common stock issued in business combination 0 (5,950,000)
Right-of-use assets obtained in exchange for new operating lease liabilities, net 0 3,528,404
Cash paid for taxes $ 3,912,658 $ 389,991