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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 5,939,834 $ 5,011,132
Accounts receivable, net 4,187,253 2,863,638
Settlement processing assets 36,492,916 43,558,442
Prepaid card load assets 15,084,868 7,610,242
Customer deposits 1,505,324 1,305,296
Inventory 221,675 176,466
Prepaid expenses and other 247,046 301,755
Current assets before merchant reserves 63,678,916 60,826,971
Merchant reserves 7,261,153 8,265,555
Total current assets 70,940,069 69,092,526
Property and equipment, net 3,625,050 3,105,926
Other assets:    
Intangibles, net 4,631,861 6,035,761
Deferred tax asset, net 1,394,000 1,394,000
Operating lease right-of-use assets 2,921,129 2,671,266
Other assets 345,078 368,078
Total other assets 9,292,068 10,469,105
Total assets 83,857,187 82,667,557
Current liabilities:    
Accounts payable 1,334,579 851,349
Accrued expenses 1,746,226 1,463,944
Operating lease liabilities, current portion 494,983 346,913
Equipment loan, current portion 54,217 0
Settlement processing obligations 36,492,916 43,558,442
Prepaid card load obligations 15,084,868 7,610,242
Customer deposits 1,505,324 1,305,296
Deferred revenues 30,882 66,572
Current liabilities before merchant reserve obligations 56,743,995 55,202,758
Merchant reserve obligations 7,261,153 8,265,555
Total current liabilities 64,005,148 63,468,313
Non-current liabilities:    
Equipment loan, non-current portion 85,333 0
Operating lease liabilities, non-current portion 2,606,709 2,495,883
Total liabilities 66,697,190 65,964,196
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at September 30, 2021 (unaudited) and December 31, 2020, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 26,289,288 and 26,260,776 issued, and 24,962,750 and 24,974,995 outstanding at September 30, 2021 (unaudited) and December 31, 2020, respectively 194,746 194,692
Additional paid-in capital 89,702,612 89,659,433
Treasury stock, at cost; 1,326,538 and 1,285,781 shares at September 30, 2021 (unaudited) and December 31, 2020, respectively (2,364,071) (2,165,721)
Deferred compensation (4,954,584) (5,926,872)
Accumulated deficit (65,418,706) (65,058,171)
Total stockholders’ equity 17,159,997 16,703,361
Total liabilities and stockholders’ equity $ 83,857,187 $ 82,667,557