Prepaid Service Contract	9 Months Ended
Sep. 30, 2023
Prepaid Service Contract [Abstract]
Prepaid Service Contract	7. Prepaid Service Contract In April 2020, the Company entered into an agreement with a technology partner whereby the Company paid the technology partner shares of the Company’s common stock and cash in exchange for services to develop a new client and back-end interface as well as related functionalities for the Company’s key operations. In February 2022, the Company entered into a Consulting Services Agreement (“CSA”) with the technology partner, whereby the Company would provide certain consulting services over an 18-month period. In September 2022, the Company and the technology partner mutually agreed to terminate the services being provided under both the original agreement as well as the CSA. Refer to Note 6 – Prepaid Service Contract in the Company’s 2022 Form 10-K for further detail. Information related to these transactions that impacted the periods presented is shown below. As part of the termination, in September 2022, the technology partner returned 193,906 shares of the Company’s common stock previously issued and agreed to pay the Company a total of $950,000. The Company recorded amortization of prepaid service contract assets of $357,000 and $711,000 for the three and nine months ended September 30, 2022, respectively, which is included in the line item “Technology and communications” in the statements of operations. The Company recorded consulting fee income of $867,000 and $1,700,000 for the three and nine months ended September 30, 2022, respectively, which is recorded in “Other income” in the statements of operations. The Company did not record consulting fee income or amortization of prepaid service contract assets for the three and nine months ended September 30, 2023.

Prepaid Service Contract

9 Months Ended

Sep. 30, 2023

7. Prepaid Service Contract

In April 2020, the Company entered into an agreement with a technology partner whereby the Company paid the technology partner shares of the Company’s common stock and cash in exchange for services to develop a new client and back-end interface as well as related functionalities for the Company’s key operations. In February 2022, the Company entered into a Consulting Services Agreement (“CSA”) with the technology partner, whereby the Company would provide certain consulting services over an 18-month period. In September 2022, the Company and the technology partner mutually agreed to terminate the services being provided under both the original agreement as well as the CSA. Refer to Note 6 – Prepaid Service Contract in the Company’s 2022 Form 10-K for further detail. Information related to these transactions that impacted the periods presented is shown below.

As part of the termination, in September 2022, the technology partner returned 193,906 shares of the Company’s common stock previously issued and agreed to pay the Company a total of $950,000. The Company recorded amortization of prepaid service contract assets of $357,000 and $711,000 for the three and nine months ended September 30, 2022, respectively, which is included in the line item “Technology and communications” in the statements of operations. The Company recorded consulting fee income of $867,000 and $1,700,000 for the three and nine months ended September 30, 2022, respectively, which is recorded in “Other income” in the statements of operations. The Company did not record consulting fee income or amortization of prepaid service contract assets for the three and nine months ended September 30, 2023.