Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of disaggregation of revenue

The following table presents the Company's payment processing service revenues by source:

	Three Months Ended
	March 31, 2020		March 31, 2019
ACH and complementary service revenue	$	2,237,746	$	2,357,786
Credit card revenue	4,982,658		3,904,406
Prepaid card services revenue	551,275		325,840
Total revenue	$	7,771,679	$	6,588,032

Schedule of cash and cash equivalents

The reconciliation of cash and cash equivalents to cash, cash equivalents, prepaid card load assets and merchant reserves is as follows for each period presented:

	March 31, 2020		March 31, 2019
Beginning cash, cash equivalents, prepaid card load assets and merchant reserves:
Cash and cash equivalents	$	2,137,580	$	2,159,698
Prepaid card load assets	528,434		535,479
Merchant reserves	10,016,904		12,645,803
Total	$	12,682,918	$	15,340,980
Ending cash, cash equivalents, prepaid card load assets and merchant reserves:
Cash and cash equivalents	$	1,742,683	$	3,492,322
Prepaid card load assets	581,575		973,396
Merchant reserves	8,524,904		11,297,894
Total	$	10,849,162	$	15,763,612

Restrictions on cash and cash equivalents

The reconciliation of cash and cash equivalents to cash, cash equivalents, prepaid card load assets and merchant reserves is as follows for each period presented:

	March 31, 2020		March 31, 2019
Beginning cash, cash equivalents, prepaid card load assets and merchant reserves:
Cash and cash equivalents	$	2,137,580	$	2,159,698
Prepaid card load assets	528,434		535,479
Merchant reserves	10,016,904		12,645,803
Total	$	12,682,918	$	15,340,980
Ending cash, cash equivalents, prepaid card load assets and merchant reserves:
Cash and cash equivalents	$	1,742,683	$	3,492,322
Prepaid card load assets	581,575		973,396
Merchant reserves	8,524,904		11,297,894
Total	$	10,849,162	$	15,763,612