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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income (loss) $ 2,676,571 $ (501,039)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 1,053,761 905,701
Amortization 653,960 653,900
Deferred federal income tax (3,186,053) 0
Employee stock-based compensation 1,529,106 1,677,258
Non-cash revenue from returned common stock 0 (156,162)
Changes in current assets and current liabilities:    
Accounts receivable 1,307,116 (831,978)
Prepaid expenses and other (331,239) (289,819)
Operating lease right-of-use assets (591,997) 244,040
Other assets 15,072 0
Inventory 22,806 106,516
Accounts payable and accrued expenses (1,373,432) 845,249
Operating lease liabilities 573,820 (267,553)
Prepaid card load obligations (9,513,406) 38,668,841
Merchant reserves (417,494) 427,044
Customer deposits (40,911) 24,376
Net cash provided by (used in) operating activities (7,622,320) 41,506,374
Investing activities:    
Purchases of property and equipment (698,271) (587,451)
Net cash (used in) investing activities (698,271) (587,451)
Financing activities:    
Payments on equipment loan (71,121) (42,527)
Proceeds from issuance of common stock 50,297 0
Purchases of treasury stock (393,766) (68,967)
Net cash (used in) financing activities (414,590) (111,494)
Change in cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves (8,735,181) 40,807,429
Cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves, beginning of period 45,910,486 32,343,501
Cash, Cash Equivalents, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Period 37,175,305 73,150,930
Supplemental disclosure of cash flow information:    
Interest 41,535 1,588
Income taxes 0 312,158
Non-cash operating activities:    
Right of use assets obtained in exchange for operating lease liabilities 963,487 0
Issuance of deferred stock compensation 1,497,300 2,478,506
Beginning cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves:    
Cash and cash equivalents 7,155,687 5,709,117
Prepaid card load assets 31,578,973 20,170,761
Customer deposits 1,865,731 1,554,122
Merchant reserves 5,310,095 4,909,501
Cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves, beginning of period 45,910,486 32,343,501
Cash and cash equivalents 8,392,317 7,396,285
Prepaid card load assets 22,065,567 58,839,602
Customer deposits 1,824,820 1,578,498
Merchant reserves 4,892,601 5,336,545
Cash, Cash Equivalents, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Period 37,175,305 73,150,930
Employee Awards [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Employee stock-based compensation 1,529,106 1,644,658
Vendor [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Employee stock-based compensation $ 0 $ 32,600