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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 7,590,951 $ 7,255,321
Accounts receivable, net 4,176,494 4,979,493
Settlement processing assets 50,591,364 63,824,646
Prepaid card load assets 28,846,980 36,590,893
Customer deposits 1,391,465 1,364,193
Inventory 430,285 434,532
Prepaid expenses and other 681,470 426,963
Current assets before merchant reserves 93,709,009 114,876,041
Merchant reserves 6,386,153 6,381,153
Total current assets 100,095,162 121,257,194
Property and equipment, net 3,432,256 3,607,157
Other assets:    
Intangibles, net 3,695,927 4,163,894
Deferred tax asset, net 1,504,000 1,504,000
Operating lease right-of-use assets 2,683,394 2,802,113
Other assets 345,357 345,357
Total other assets 8,228,678 8,815,364
Total assets 111,756,096 133,679,715
Current liabilities:    
Accounts payable 1,181,275 1,400,100
Accrued expenses 2,844,210 2,325,665
Operating lease liabilities, current portion 498,286 504,027
Equipment loan, current portion 55,303 54,760
Settlement processing obligations 50,591,364 63,824,646
Prepaid card load obligations 28,846,980 36,590,893
Customer deposits 1,391,465 1,364,193
Deferred revenues 4,412 17,647
Current liabilities before merchant reserve obligations 85,413,295 106,081,931
Merchant reserve obligations 6,386,153 6,381,153
Total current liabilities 91,799,448 112,463,084
Non-current liabilities:    
Equipment loan, non-current portion 57,403 71,434
Operating lease liabilities, non-current portion 2,359,438 2,476,291
Total liabilities 94,216,289 115,010,809
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2022 (unaudited) and December 31, 2021, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 26,868,745 and 26,807,145 issued, and 25,517,835 and 25,473,453 outstanding at March 31, 2022 (unaudited) and December 31, 2021, respectively 195,297 195,235
Additional paid-in capital 93,376,970 93,100,129
Treasury stock, at cost; 1,350,910 and 1,333,692 shares at March 31, 2022 (unaudited) and December 31, 2021, respectively (2,470,952) (2,404,458)
Deferred compensation (6,559,433) (6,842,195)
Accumulated deficit (67,002,075) (65,379,805)
Total stockholders’ equity 17,539,807 18,668,906
Total liabilities and stockholders’ equity $ 111,756,096 $ 133,679,715