Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 08, 2023 | Jun. 30, 2022 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001088034 | ||
Entity Registrant Name | Usio, Inc. | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 000-30152 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 98-0190072 | ||
Entity Address, Address Line One | 3611 Paesanos Parkway, Suite 300 | ||
Entity Address, City or Town | San Antonio | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 78231 | ||
City Area Code | 210 | ||
Local Phone Number | 249-4100 | ||
Title of 12(b) Security | Common stock, par value $0.001 per share | ||
Trading Symbol | USIO | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 15,860,735 | ||
Entity Common Stock, Shares Outstanding | 26,392,315 | ||
Auditor Name | ADKF, P.C. | ||
Auditor Location | San Antonio, Texas United States | ||
Auditor Firm ID | 297 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Cash and cash equivalents | $ 5,709,117 | $ 7,255,321 |
Accounts receivable, net | 4,371,640 | 4,979,493 |
Settlement processing assets | 49,737,068 | 63,824,646 |
Prepaid card load assets | 20,170,761 | 36,590,893 |
Customer deposits | 1,554,122 | 1,364,193 |
Inventory | 507,355 | 434,532 |
Prepaid expenses and other | 450,389 | 426,963 |
Current assets before merchant reserves | 82,500,452 | 114,876,041 |
Merchant reserves | 4,909,501 | 6,381,153 |
Total current assets | 87,409,953 | 121,257,194 |
Property and equipment, net | 3,222,816 | 3,607,157 |
Other assets: | ||
Intangibles, net | 2,625,360 | 4,163,894 |
Deferred tax asset | 1,504,000 | 1,504,000 |
Operating lease right-of-use assets | 2,795,483 | 2,802,113 |
Other assets | 355,357 | 345,357 |
Total other assets | 7,280,200 | 8,815,364 |
Total Assets | 97,912,969 | 133,679,715 |
Current Liabilities: | ||
Accounts payable | 858,622 | 1,400,100 |
Accrued expenses | 3,721,108 | 2,325,665 |
Operating lease liabilities, current portion | 617,319 | 504,027 |
Equipment loan, current portion | 56,429 | 54,760 |
Settlement processing obligations | 49,737,068 | 63,824,646 |
Prepaid card load obligations | 20,170,761 | 36,590,893 |
Customer deposits | 1,554,122 | 1,364,193 |
Deferred revenues | 0 | 17,647 |
Current liabilities before merchant reserve obligations | 76,715,429 | 106,081,931 |
Merchant reserve obligations | 4,909,501 | 6,381,153 |
Total current liabilities | 81,624,930 | 112,463,084 |
Non-current liabilities: | ||
Equipment loan, non-current portion | 14,994 | 71,434 |
Operating lease liabilities, non-current portion | 2,338,947 | 2,476,291 |
Total liabilities | 83,978,871 | 115,010,809 |
Stockholders' Equity: | ||
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares issued and outstanding in 2022 and 2021 | 0 | 0 |
Common stock, $0.001 par value, 200,000,000 shares authorized; 27,044,900 and 26,807,145 issued and 25,097,963 and 25,473,453 outstanding in 2022 and 2021 (see Note 11) | 195,471 | 195,235 |
Additional paid-in capital | 94,048,603 | 93,100,129 |
Treasury stock, at cost; 1,946,937 and 1,333,692 shares in 2022 and 2021 (see Note 11) | (3,749,027) | (2,404,458) |
Deferred compensation | (5,697,900) | (6,842,195) |
Accumulated deficit | (70,863,049) | (65,379,805) |
Total stockholders' equity | 13,934,098 | 18,668,906 |
Total Liabilities and Stockholders' Equity | $ 97,912,969 | $ 133,679,715 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock, issued (in shares) | 27,044,900 | 26,807,145 |
Common stock, outstanding (in shares) | 25,097,963 | 25,473,453 |
Treasury stock, shares (in shares) | 1,946,937 | 1,333,692 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues | $ 69,428,285 | $ 61,942,316 |
Cost of services | 54,835,069 | 46,309,706 |
Gross profit | 14,593,216 | 15,632,610 |
Selling, general and administrative: | ||
Stock-based compensation | 2,072,041 | 1,489,976 |
Other expenses | 15,000,487 | 11,654,340 |
Depreciation and Amortization | 2,735,118 | 2,643,675 |
Total operating expenses | 19,807,646 | 15,787,991 |
Operating (loss) | (5,214,430) | (155,381) |
Other income: | ||
Interest income | 15,237 | 7,643 |
Other income (expense) | 0 | 279 |
Interest expense | (4,051) | (4,314) |
Other income and (expense), net | 11,186 | 3,608 |
(Loss) before income taxes | (5,203,244) | (151,773) |
Income taxes | 280,000 | 169,861 |
Net (Loss) | $ (5,483,244) | $ (321,634) |
(Loss) Per Share | ||
Basic (loss) per common share: (in dollars per share) | $ (0.27) | $ (0.02) |
Diluted (loss) per common share: (in dollars per share) | $ (0.27) | $ (0.02) |
Weighted average common shares outstanding (see Note 12) | ||
Basic (in shares) | 20,379,386 | 20,028,850 |
Diluted (in shares) | 20,379,386 | 20,028,850 |
Domestic Tax Authority [Member] | ||
Other income: | ||
Income taxes | $ 0 | $ (110,000) |
State and Local Jurisdiction [Member] | ||
Other income: | ||
Income taxes | $ 280,000 | $ 279,861 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Deferred Compensation, Share-Based Payments [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 26,260,776 | |||||
Balance at Dec. 31, 2020 | $ 194,692 | $ 89,659,433 | $ (2,165,721) | $ (5,926,872) | $ (65,058,171) | $ 16,703,361 |
Issuance of common stock under equity incentive plan (in shares) | 536,878 | |||||
Issuance of common stock under equity incentive plan | $ 535 | 2,750,204 | 0 | (2,168,347) | 0 | 582,392 |
Warrant compensation cost | $ 0 | 35,940 | 0 | 0 | 0 | 35,940 |
Cashless warrant exercise (in shares) | 39,745 | |||||
Cashless warrant exercise | $ 39 | (39) | ||||
Reversal of deferred compensation amortization that did not vest (in shares) | (173,111) | |||||
Reversal of deferred compensation amortization that did not vest | $ (173) | (345,267) | 241,295 | (104,145) | ||
Issuance of common stock, private offering (in shares) | 142,857 | |||||
Issuance of common stock, private offering | $ 142 | 999,858 | 0 | 0 | 0 | 1,000,000 |
Deferred compensation amortization | 1,011,729 | 1,011,729 | ||||
Purchase of treasury stock costs | 0 | 0 | (238,737) | 0 | 0 | (238,737) |
Net (loss) | $ 0 | 0 | 0 | 0 | (321,634) | (321,634) |
Balance (in shares) at Dec. 31, 2021 | 26,807,145 | |||||
Balance at Dec. 31, 2021 | $ 195,235 | 93,100,129 | (2,404,458) | (6,842,195) | (65,379,805) | 18,668,906 |
Issuance of common stock under equity incentive plan (in shares) | 369,755 | |||||
Issuance of common stock under equity incentive plan | $ 368 | 1,182,939 | 0 | (166,329) | 0 | 1,016,978 |
Warrant compensation cost | $ 0 | 20,963 | 0 | 0 | 0 | 20,963 |
Reversal of deferred compensation amortization that did not vest (in shares) | (132,000) | |||||
Reversal of deferred compensation amortization that did not vest | $ (132) | (255,428) | 0 | 145,498 | 0 | (110,062) |
Deferred compensation amortization | 1,165,126 | 1,165,126 | ||||
Purchase of treasury stock costs | 0 | 0 | (1,344,569) | 0 | 0 | (1,344,569) |
Net (loss) | $ 0 | 0 | 0 | 0 | (5,483,244) | (5,483,244) |
Balance (in shares) at Dec. 31, 2022 | 27,044,900 | |||||
Balance at Dec. 31, 2022 | $ 195,471 | $ 94,048,603 | $ (3,749,027) | $ (5,697,900) | $ (70,863,049) | $ 13,934,098 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Operating Activities | ||
Net (loss) | $ (5,483,244) | $ (321,634) |
Adjustments to reconcile net (loss) to net cash provided (used) by operating activities: | ||
Depreciation | 1,196,584 | 771,808 |
Amortization | 1,538,534 | 1,871,867 |
Bad Debt | 0 | 151,951 |
Deferred federal income tax | 0 | (110,000) |
Non-cash stock-based compensation | 2,072,041 | 1,489,976 |
Amortization of warrant costs | 20,963 | 35,940 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 607,853 | (2,267,806) |
Prepaid expenses and other | (23,426) | (125,208) |
Operating lease right-of-use assets | 6,630 | (130,847) |
Other assets | (10,000) | 22,721 |
Inventory | (72,823) | (258,066) |
Accounts payable and accrued expenses | 853,965 | 1,410,472 |
Operating lease liabilities | (24,052) | 137,522 |
Prepaid card load obligations | (16,420,132) | 28,980,651 |
Merchant reserves | (1,471,652) | (1,884,402) |
Customer deposits | 189,929 | 58,897 |
Deferred revenue | (17,647) | (48,925) |
Net cash provided (used) by operating activities | (17,036,477) | 29,784,917 |
Investing Activities | ||
Purchases of property and equipment | (812,242) | (1,273,039) |
Net cash (used) by investing activities | (812,242) | (1,273,039) |
Financing Activities | ||
Payments on equipment loan | (54,771) | (39,802) |
Proceeds from private offering | 0 | 1,000,000 |
Purchases of treasury stock | (1,344,569) | (238,737) |
Net cash provided (used) by financing activities | (1,399,340) | 887,457 |
Change in cash, cash equivalents, prepaid card loads, customer deposits and merchant reserves | (19,248,059) | 29,399,335 |
Cash, cash equivalents, prepaid card loads, customer deposits and merchant reserves, beginning of year | 51,591,560 | 22,192,225 |
Cash, Cash Equivalents, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Year | 32,343,501 | 51,591,560 |
Supplemental disclosures of cash flow information | ||
Interest | 4,051 | 4,314 |
Income taxes | 269,500 | 116,204 |
Non-cash transactions: | ||
Issuance of deferred stock compensation | 166,330 | 2,164,361 |
Equipment Loan [Member] | ||
Financing Activities | ||
Proceeds from loan | $ 0 | $ 165,996 |
Note 1 - Description of Busines
Note 1 - Description of Business and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Description and Accounting Policies [Text Block] | Note 1. Organization: Principles of Consolidation and Basis of Presentation: Use of Estimates: Revenue Recognition: 606 10 may may third 45 30 not Year Ended December 31, 2022 2021 $ Change % Change ACH and complementary service revenue $ 14,782,606 $ 15,432,787 $ (650,181 ) (4 )% Credit card revenue 27,121,621 25,174,579 1,947,042 8 % Prepaid card services revenue 9,117,670 6,542,651 2,575,019 39 % Output solutions revenue 18,406,388 14,792,299 3,614,089 24 % Total Revenue $ 69,428,285 $ 61,942,316 $ 7,485,969 12 % Deferred Revenues: The deferred revenue balances are as follows: 2022 2021 Deferred revenues, beginning of period $ 17,647 $ 66,572 Deferred revenues, end of period — 17,647 Revenue recognized in the period from amounts included in deferred revenues at the beginning of the period $ 17,647 $ 48,925 Cash and Cash Equivalents: 90 Settlement Processing Assets and Obligations: Prepaid Card Load Assets: Customer Deposits: not Merchant Reserves: may not The reconciliation of cash and cash equivalents to cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves is as follows for each period presented: December 31, 2022 December 31, 2021 Beginning cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 7,255,321 $ 5,011,132 Prepaid card load assets 36,590,893 7,610,242 Customer deposits 1,364,193 1,305,296 Merchant reserves 6,381,153 8,265,555 Total $ 51,591,560 $ 22,192,225 Ending cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 5,709,117 $ 7,255,321 Prepaid card load assets 20,170,761 36,590,893 Customer deposits 1,554,122 1,364,193 Merchant reserves 4,909,501 6,381,153 Total $ 32,343,501 $ 51,591,560 Accounts Receivable/Allowance for Estimated Losses: December 31, 2022 2021 The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability or failure of its customers to make required payments. The Company determines the allowance based on an account-by-account review, taking into consideration such factors as the age of the outstanding balance, historical pattern of collections and financial condition of the customer. Past losses incurred by the Company due to bad debts have been within its expectations. If the financial condition of its customers deteriorates, resulting in an impairment of their ability to make contractual payments, additional allowances might be required. Estimates for bad debt losses are variable based on the volume of transactions processed and could increase or decrease accordingly. The Company normally does not Inventory December 31, 2022 2021 Property and Equipment: three ten Accounting for Internal Use Software: no December 31, 2022 December 31, 2021 Concentration of Credit Risk: $250,000. 10% 2022 2021 Fair Value of Financial Instruments: Impairment of Long-Lived Assets and Intangible Assets: may not Reserve for Processing Losses: one not may may not December 31, 2022 2021 Advertising Costs: 2022 2021 Income Taxes: not” As with all businesses, the Company’s tax returns are subject to periodic examination. The Company’s federal returns for the past four not Stock-Based Compensation: 401 401 401 may 401 may not 401 2022 2022 2021 Earnings (Loss) Per Share: New Accounting Pronouncements June 2016, No. 2016 13, Financial Instruments - Credit Losses 326 326 326 December 25, 2022, not 2016 13 Accounting standards that have been issued or proposed by the FASB, the SEC or other standard setting bodies that do not not |
Note 2 - Property and Equipment
Note 2 - Property and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 2. Property and equipment consisted of the following at December 31: 2022 2021 Software $ 7,053,905 $ 6,455,040 Equipment 2,530,498 2,418,421 Furniture and fixtures 818,522 732,153 Leasehold improvements 207,624 192,692 Total property and equipment 10,610,549 9,798,306 Less: accumulated depreciation (7,387,732 ) (6,191,149 ) Net property and equipment $ 3,222,816 $ 3,607,157 |
Note 3 - Intangibles
Note 3 - Intangibles | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 3. Akimbo Financial, Inc. Acquisition ( 2015 On December 22, 2014, December 31, 2022) December 31, 2017. 36 January 2015 Goodwill was determined based on the purchase price paid over the assets acquired and has an indefinite life, which is tested for impairment annually. Singular Payments, LLC Acquisition ( 2017 On September 1, 2017, December 31, 2022). September 2017 August 2022. 2022 2021 Information Management Solutions, LLC Acquisition ( 2020 On December 15, 2020, December 31, 2022). January 2021 December 2025. 2025. |
Note 4 - Valuation Accounts
Note 4 - Valuation Accounts | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 4. Valuation and allowance accounts included the following at December 31: Net Charged Balance to Balance End Beginning of Costs and of Year Expenses Transfers Net Write-Off Year 2022 Allowance for doubtful accounts $ 319,000 $ — $ — $ — $ 319,000 Reserve for processing losses 623,494 132,000 — — 755,494 2021 Allowance for doubtful accounts $ 205,522 $ 151,951 $ — $ (38,473 ) $ 319,000 Reserve for processing losses 515,199 132,000 — (23,705 ) 623,494 |
Note 5 - Loans
Note 5 - Loans | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 5. Equipment Loan On March 20, 2021, March 20, 2024. |
Note 6 - Accrued Expenses
Note 6 - Accrued Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | Note 6. Accrued expenses consisted of the following balances at December 31: 2022 2021 Accrued commissions $ 1,479,580 $ 879,120 Reserve for processing losses 755,494 623,494 Other accrued expenses 821,167 226,888 Accrued taxes 320,854 298,168 Accrued salaries 344,013 297,995 Total accrued expenses $ 3,721,108 $ 2,325,665 |
Note 7 - Operating Leases
Note 7 - Operating Leases | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 7. The Company leases approximately 10,535 square feet of office space for its San Antonio, TX executive offices and operations. Rental expense under the operating lease was $150,129 and $143,149 for the years ended December 31, 2022 2021 July 31, 2024. The Company leases approximately 3,794 square feet of office space for its Nashville, Tennessee sales offices and operations. Rental expense under the operating lease was $102,976 and $85,122 for the years ended December 31, 2022 2021 April 30, 2023. not The Company assumed a lease in San Antonio, Texas as a part of the Information Management Solutions, LLC acquisition for its Output Solutions employees and warehouse operations. The lease has a remaining life of 45 months and expires on September 30, 2024. December 31, 2022 2021 On January 1, 2021, January 1, 2021 January 31, 2023. December 31, 2022 2021 January 26, 2023, February 1, 2023, January 31, 2025. On March 15, 2021, April 1, 2021 September 30, 2024 December 31, 2022 2021 On October 19, 2021, April 1, 2022 September 24, 2024 December 32, 2022 The Company has various copier equipment with leases that have not December 31, 2022 2021 The weighted average remaining lease term is 5.27 years. The weighted average discount rate is 4.17% The Company recognized total operating lease expense of approximately $711,000 and $591,000 for the years ended December 31, 2022 2021 2022 The maturities of lease liabilities are as follows at December 31, 2022 Year ended December 31, 2023 $ 617,319 2024 554,916 2025 518,935 2026 414,138 2027 414,138 Thereafter 917,081 Total minimum lease payments 3,436,527 Less imputed interest (480,261 ) Total lease liabilities $ 2,956,266 |
Note 8 - Related Party Transact
Note 8 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 8. Louis Hoch During the year ended December 31, 2022 2021 Officers and Directors On January 6, 2021, January 6, 2021 On January 6, 2022, January 6, 2022 On October 4, 2022, October 4, 2022 The Company granted 319,900 shares of restricted common stock with a 10-year vesting period and 141,900 restricted stock units (RSUs) with a 3-year vesting period to employees and Directors as a performance bonus on November 18, 2021 10 On April 1, 2021, |
Note 9 - Income Taxes
Note 9 - Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 9. Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax asset are as follows at December 31: 2022 2021 Deferred tax assets: Net operating loss carryforwards $ 5,024,000 $ 5,942,000 Depreciation and amortization 1,159,000 999,000 Non-cash compensation (117,000 ) (326,000 ) Other 69,000 101,000 Total 6,135,000 6,716,000 Valuation Allowance (4,631,000 ) (5,212,000 ) Deferred tax asset $ 1,504,000 $ 1,504,000 Management has reviewed its net deferred asset position, and due to the history of operating losses has determined that the application of a valuation allowance at December 31, 2022 2021 December 31, 2022 not The Company has net operating loss carryforwards for tax purposes of approximately $23.9 million. Net operating loss carryforwards prior to 2017 20 2022 2017 may Tax Year End NOL Expiration 2004 1,621,096 2024 2005 1,788,157 2025 2006 1,350,961 2026 2007 1,740,724 2027 2008 918,960 2028 2009 835,322 2029 2010 429,827 2030 2013 504,862 2033 2016 474,465 2036 2017 1,267,336 2037 Total $ 10,931,710 Effective for tax years ending in 2018 2018 The tax provision for federal and state income tax is as follows for the years ended December 31: 2022 2021 Current provision: Federal $ — $ — State 280,000 279,861 280,000 279,861 Deferred provision: Federal expense (benefit) — (110,000 ) Expense for income taxes $ 280,000 $ 169,861 The reconciliation of federal income tax computed at the U.S. federal statutory tax rates to total income tax expense is as follows for the years ended December 31: 2022 2021 Income tax (benefit) at 21 $ (1,134,200 ) $ (67,543 ) Change in valuation allowance (581,000 ) (2,322,000 ) Permanent and other differences 1,715,200 2,389,543 Federal income tax (benefit) — (110,000 ) State taxes 280,000 279,861 Income tax expense $ 280,000 $ 169,861 |
Note 10 - Stock Options, Incent
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-Based Payments [Text Block] | Note 10. Stock Option Plans: 2015 422 2015 2015 2025. 2015 no first 2015 January 1, 2016, 2022 2022 Treasury Stock 2022. Stock Awards 2005 2022. During 2022 not not 2022 Stock-based compensation expense related to stock and restricted stock awards was $2.1 million in 2022 2021 A summary of stock awards outstanding and 2022 Weighted Average Weighted Average Contractual Aggregate Intrinsic Stock Awards Shares Exercise Price Remaining Life Value Outstanding, December 31, 2021 5,241,902 $ 2.25 Granted 103,000 1.61 Vested 230,002 — Forfeited 132,000 — Outstanding, December 31, 2022 4,982,900 $ 2.27 5.06 $ (0.62 ) Expected to Vest after December 31, 2022 4,982,900 $ 2.27 5.06 $ (0.62 ) As of December 31, 2022 The aggregate intrinsic value represents the difference between the weighted average exercise price and the closing price of the Company’s stock on December 31, 2022 Employee Stock Purchase Plan 1999 423 may 2022 2021 no Stock Warrants August 21, 2018, first October 5, 2018. July 31, 2019 July 31, 2022. 30,000 October 5, 2018 one hundred twenty 30,000 120,000 2.77%; 0%; December 31, 2022 2021 On August 12, 2020, On February 5, 2021, On September 1, 2021, On December 15, 2020, $0.58; 0.09%; 0%; five |
Note 11 - Net (Loss) Per Share
Note 11 - Net (Loss) Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 11. Basic (loss) per share (EPS) was computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net (loss). 2022 2021 Numerator: Numerator for basic and diluted earnings per share, net (loss) available to common shareholders $ (5,483,244 ) $ (321,634 ) Denominator: Denominator for basic (loss) per share, weighted average shares outstanding 20,379,386 20,028,850 Effect of dilutive securities-stock options and restricted awards — — Denominator for diluted (loss) per share, adjusted weighted average shares and assumed conversion 20,379,386 20,028,850 Basic (loss) per common share $ (0.27 ) $ (0.02 ) Diluted (loss) per common share and common share equivalent $ (0.27 ) $ (0.02 ) The awards and options to purchase shares of common stock that were outstanding at December 31, 2022 2021 not Year Ended December 31, 2022 2021 Anti-dilutive awards and options 4,982,900 5,241,902 |
Note 12 - Concentration of Cred
Note 12 - Concentration of Credit Risk and Significant Customers | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 12. The Company has no one 10% |
Note 13 - Legal Proceedings
Note 13 - Legal Proceedings | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 13. KDHM, LLC On September 1, 2021, December 14, 2020. We believe that plaintiff's claims in the lawsuit have no On September 28, 2021, October 5, 2021, third not third 3.1 We also discovered that KDHM by and through its principals failed to disclose that $305,000 in additional customer deposits existed and these deposits were not not not 2.1 x 2.1 not In our counterclaims and third We consider the risk of loss as remote related to this lawsuit. Aside from these proceedings above, the Company may not no not |
Note 14 - COVID-19
Note 14 - COVID-19 | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Effect of Covid-19 Pandemic [Text Block] | Note 14. 19 The ongoing COVID- 19 not 19 19, During 2020 2021, 19 In April May 2020, Since 2020, Due to the COVID- 19 may The impacts and recovery from the COVID- 19 not |
Note 15 - Cyber Event
Note 15 - Cyber Event | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Cyber Event [Text Block] | Note 15. On December 25, 2021, 365 not This cyber event had no no |
Note 16 - Subsequent Events
Note 16 - Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 16. The Company granted 1,403,000 shares of restricted common stock with a 10-year vesting period and 273,000 restricted stock units (RSUs) with a 3-year vesting period to employees and Directors as a performance bonus on February 8, 2023 Effective on February 17, 2023, $250,000; one On January 26, 2023, February 1, 2023, January 31, 2025. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Organization [Policy Text Block] | Organization: |
Basis of Accounting, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation: |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates: |
Revenue [Policy Text Block] | Revenue Recognition: 606 10 may may third 45 30 not Year Ended December 31, 2022 2021 $ Change % Change ACH and complementary service revenue $ 14,782,606 $ 15,432,787 $ (650,181 ) (4 )% Credit card revenue 27,121,621 25,174,579 1,947,042 8 % Prepaid card services revenue 9,117,670 6,542,651 2,575,019 39 % Output solutions revenue 18,406,388 14,792,299 3,614,089 24 % Total Revenue $ 69,428,285 $ 61,942,316 $ 7,485,969 12 % |
Revenue from Contract with Customer [Policy Text Block] | Deferred Revenues: The deferred revenue balances are as follows: 2022 2021 Deferred revenues, beginning of period $ 17,647 $ 66,572 Deferred revenues, end of period — 17,647 Revenue recognized in the period from amounts included in deferred revenues at the beginning of the period $ 17,647 $ 48,925 |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents: 90 |
Credit Card Origination Costs, Policy [Policy Text Block] | Settlement Processing Assets and Obligations: |
Prepaid Card Load Assets, Policy [Policy Text Block] | Prepaid Card Load Assets: |
Customer Deposits [Policy Text Block] | Customer Deposits: not |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Merchant Reserves: may not The reconciliation of cash and cash equivalents to cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves is as follows for each period presented: December 31, 2022 December 31, 2021 Beginning cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 7,255,321 $ 5,011,132 Prepaid card load assets 36,590,893 7,610,242 Customer deposits 1,364,193 1,305,296 Merchant reserves 6,381,153 8,265,555 Total $ 51,591,560 $ 22,192,225 Ending cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 5,709,117 $ 7,255,321 Prepaid card load assets 20,170,761 36,590,893 Customer deposits 1,554,122 1,364,193 Merchant reserves 4,909,501 6,381,153 Total $ 32,343,501 $ 51,591,560 |
Receivable [Policy Text Block] | Accounts Receivable/Allowance for Estimated Losses: December 31, 2022 2021 The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability or failure of its customers to make required payments. The Company determines the allowance based on an account-by-account review, taking into consideration such factors as the age of the outstanding balance, historical pattern of collections and financial condition of the customer. Past losses incurred by the Company due to bad debts have been within its expectations. If the financial condition of its customers deteriorates, resulting in an impairment of their ability to make contractual payments, additional allowances might be required. Estimates for bad debt losses are variable based on the volume of transactions processed and could increase or decrease accordingly. The Company normally does not |
Inventory, Policy [Policy Text Block] | Inventory December 31, 2022 2021 |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment: three ten |
Internal Use Software, Policy [Policy Text Block] | Accounting for Internal Use Software: no December 31, 2022 December 31, 2021 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk: $250,000. 10% 2022 2021 |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value of Financial Instruments: |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets and Intangible Assets: may not |
Contingent Liability Reserve Estimate, Policy [Policy Text Block] | Reserve for Processing Losses: one not may may not December 31, 2022 2021 |
Advertising Cost [Policy Text Block] | Advertising Costs: 2022 2021 |
Income Tax, Policy [Policy Text Block] | Income Taxes: not” As with all businesses, the Company’s tax returns are subject to periodic examination. The Company’s federal returns for the past four not |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation: |
Pension and Other Postretirement Plans, Nonpension Benefits, Policy [Policy Text Block] | 401 401 401 may 401 may not 401 2022 2022 2021 |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Share: |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements June 2016, No. 2016 13, Financial Instruments - Credit Losses 326 326 326 December 25, 2022, not 2016 13 Accounting standards that have been issued or proposed by the FASB, the SEC or other standard setting bodies that do not not |
Note 1 - Description of Busin_2
Note 1 - Description of Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Year Ended December 31, 2022 2021 $ Change % Change ACH and complementary service revenue $ 14,782,606 $ 15,432,787 $ (650,181 ) (4 )% Credit card revenue 27,121,621 25,174,579 1,947,042 8 % Prepaid card services revenue 9,117,670 6,542,651 2,575,019 39 % Output solutions revenue 18,406,388 14,792,299 3,614,089 24 % Total Revenue $ 69,428,285 $ 61,942,316 $ 7,485,969 12 % |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | 2022 2021 Deferred revenues, beginning of period $ 17,647 $ 66,572 Deferred revenues, end of period — 17,647 Revenue recognized in the period from amounts included in deferred revenues at the beginning of the period $ 17,647 $ 48,925 |
Schedule of Cash and Cash Equivalents [Table Text Block] | December 31, 2022 December 31, 2021 Beginning cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 7,255,321 $ 5,011,132 Prepaid card load assets 36,590,893 7,610,242 Customer deposits 1,364,193 1,305,296 Merchant reserves 6,381,153 8,265,555 Total $ 51,591,560 $ 22,192,225 Ending cash, cash equivalents, prepaid card load assets, customer deposits and merchant reserves: Cash and cash equivalents $ 5,709,117 $ 7,255,321 Prepaid card load assets 20,170,761 36,590,893 Customer deposits 1,554,122 1,364,193 Merchant reserves 4,909,501 6,381,153 Total $ 32,343,501 $ 51,591,560 |
Note 2 - Property and Equipme_2
Note 2 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2022 2021 Software $ 7,053,905 $ 6,455,040 Equipment 2,530,498 2,418,421 Furniture and fixtures 818,522 732,153 Leasehold improvements 207,624 192,692 Total property and equipment 10,610,549 9,798,306 Less: accumulated depreciation (7,387,732 ) (6,191,149 ) Net property and equipment $ 3,222,816 $ 3,607,157 |
Note 4 - Valuation Accounts (Ta
Note 4 - Valuation Accounts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Net Charged Balance to Balance End Beginning of Costs and of Year Expenses Transfers Net Write-Off Year 2022 Allowance for doubtful accounts $ 319,000 $ — $ — $ — $ 319,000 Reserve for processing losses 623,494 132,000 — — 755,494 2021 Allowance for doubtful accounts $ 205,522 $ 151,951 $ — $ (38,473 ) $ 319,000 Reserve for processing losses 515,199 132,000 — (23,705 ) 623,494 |
Note 6 - Accrued Expenses (Tabl
Note 6 - Accrued Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2022 2021 Accrued commissions $ 1,479,580 $ 879,120 Reserve for processing losses 755,494 623,494 Other accrued expenses 821,167 226,888 Accrued taxes 320,854 298,168 Accrued salaries 344,013 297,995 Total accrued expenses $ 3,721,108 $ 2,325,665 |
Note 7 - Operating Leases (Tabl
Note 7 - Operating Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year ended December 31, 2023 $ 617,319 2024 554,916 2025 518,935 2026 414,138 2027 414,138 Thereafter 917,081 Total minimum lease payments 3,436,527 Less imputed interest (480,261 ) Total lease liabilities $ 2,956,266 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2022 2021 Deferred tax assets: Net operating loss carryforwards $ 5,024,000 $ 5,942,000 Depreciation and amortization 1,159,000 999,000 Non-cash compensation (117,000 ) (326,000 ) Other 69,000 101,000 Total 6,135,000 6,716,000 Valuation Allowance (4,631,000 ) (5,212,000 ) Deferred tax asset $ 1,504,000 $ 1,504,000 |
Summary of Operating Loss Carryforwards [Table Text Block] | Tax Year End NOL Expiration 2004 1,621,096 2024 2005 1,788,157 2025 2006 1,350,961 2026 2007 1,740,724 2027 2008 918,960 2028 2009 835,322 2029 2010 429,827 2030 2013 504,862 2033 2016 474,465 2036 2017 1,267,336 2037 Total $ 10,931,710 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2022 2021 Current provision: Federal $ — $ — State 280,000 279,861 280,000 279,861 Deferred provision: Federal expense (benefit) — (110,000 ) Expense for income taxes $ 280,000 $ 169,861 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2022 2021 Income tax (benefit) at 21 $ (1,134,200 ) $ (67,543 ) Change in valuation allowance (581,000 ) (2,322,000 ) Permanent and other differences 1,715,200 2,389,543 Federal income tax (benefit) — (110,000 ) State taxes 280,000 279,861 Income tax expense $ 280,000 $ 169,861 |
Note 10 - Stock Options, Ince_2
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | Weighted Average Weighted Average Contractual Aggregate Intrinsic Stock Awards Shares Exercise Price Remaining Life Value Outstanding, December 31, 2021 5,241,902 $ 2.25 Granted 103,000 1.61 Vested 230,002 — Forfeited 132,000 — Outstanding, December 31, 2022 4,982,900 $ 2.27 5.06 $ (0.62 ) Expected to Vest after December 31, 2022 4,982,900 $ 2.27 5.06 $ (0.62 ) |
Note 11 - Net (Loss) Per Share
Note 11 - Net (Loss) Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2022 2021 Numerator: Numerator for basic and diluted earnings per share, net (loss) available to common shareholders $ (5,483,244 ) $ (321,634 ) Denominator: Denominator for basic (loss) per share, weighted average shares outstanding 20,379,386 20,028,850 Effect of dilutive securities-stock options and restricted awards — — Denominator for diluted (loss) per share, adjusted weighted average shares and assumed conversion 20,379,386 20,028,850 Basic (loss) per common share $ (0.27 ) $ (0.02 ) Diluted (loss) per common share and common share equivalent $ (0.27 ) $ (0.02 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Year Ended December 31, 2022 2021 Anti-dilutive awards and options 4,982,900 5,241,902 |
Note 1 - Description of Busin_3
Note 1 - Description of Business and Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended | |
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Accounts Receivable, Allowance for Credit Loss, Current | $ 319,000 | $ 319,000 |
Capitalized Computer Software, Additions | 584,246 | 735,813 |
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | 755,494 | 623,494 |
Advertising Expense | $ 94,000 | 179,000 |
Goodwill, Amortization Period (Year) | 15 years | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 262,530 | $ 212,870 |
First 3% Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 100% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3% | |
Over 3% Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3% | |
Maximum Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 5% | |
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member] | ||
Number of Major Customers | 0 | 0 |
Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 1% | |
Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 10 years | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 15% |
Note 1 - Description of Busin_4
Note 1 - Description of Business and Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues | $ 69,428,285 | $ 61,942,316 |
Revenues, amount change | $ 7,485,969 | |
Revenues, percent change | 12% | |
ACH and Complementary Service Revenue [Member] | ||
Revenues | $ 14,782,606 | 15,432,787 |
Revenues, amount change | $ (650,181) | |
Revenues, percent change | (4.00%) | |
Credit Card Revenue [Member] | ||
Revenues | $ 27,121,621 | 25,174,579 |
Revenues, amount change | $ 1,947,042 | |
Revenues, percent change | 8% | |
Prepaid Card Services Revenue [Member] | ||
Revenues | $ 9,117,670 | 6,542,651 |
Revenues, amount change | $ 2,575,019 | |
Revenues, percent change | 39% | |
Output Solutions [Member] | ||
Revenues | $ 18,406,388 | $ 14,792,299 |
Revenues, amount change | $ 3,614,089 | |
Revenues, percent change | 24% |
Note 1 - Description of Busin_5
Note 1 - Description of Business and Summary of Significant Accounting Policies - Summary of Deferred Revenue (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred revenues, beginning of period | $ 17,647 | $ 66,572 |
Deferred revenues, end of period | 0 | 17,647 |
Revenue recognized in the period from amounts included in deferred revenues at the beginning of the period | $ 17,647 | $ 48,925 |
Note 1 - Description of Busin_6
Note 1 - Description of Business and Summary of Significant Accounting Policies - Reconciliation of Cash and Cash Equivalents to Cash, Cash Equivalents and Merchant Reserves (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and cash equivalents | $ 7,255,321 | $ 5,011,132 |
Prepaid card load assets | 36,590,893 | 7,610,242 |
Customer deposits | 1,364,193 | 1,305,296 |
Merchant reserves | 6,381,153 | 8,265,555 |
Cash, cash equivalents, prepaid card loads, customer deposits and merchant reserves, beginning of year | 51,591,560 | 22,192,225 |
Cash and cash equivalents | 5,709,117 | 7,255,321 |
Prepaid card load assets | 20,170,761 | 36,590,893 |
Customer deposits | 1,554,122 | 1,364,193 |
Merchant reserves | 4,909,501 | 6,381,153 |
Cash, Cash Equivalents, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Year | $ 32,343,501 | $ 51,591,560 |
Note 2 - Property and Equipme_3
Note 2 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Property and equipment | $ 10,610,549 | $ 9,798,306 |
Less: accumulated depreciation | (7,387,732) | (6,191,149) |
Net property and equipment | 3,222,816 | 3,607,157 |
Software and Software Development Costs [Member] | ||
Property and equipment | 7,053,905 | 6,455,040 |
Equipment [Member] | ||
Property and equipment | 2,530,498 | 2,418,421 |
Furniture and Fixtures [Member] | ||
Property and equipment | 818,522 | 732,153 |
Leasehold Improvements [Member] | ||
Property and equipment | $ 207,624 | $ 192,692 |
Note 3 - Intangibles (Details T
Note 3 - Intangibles (Details Textual) - USD ($) | 12 Months Ended | ||||||
Dec. 16, 2020 | Sep. 01, 2017 | Dec. 31, 2014 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 15, 2020 | Dec. 22, 2014 | |
Amortization of Intangible Assets | $ 1,538,534 | $ 1,871,867 | |||||
Akimbo [Member] | Customer List and Contracts [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 396,824 | ||||||
Finite-Lived Intangible Assets, Accumulated Amortization | 396,824 | ||||||
Goodwill, Ending Balance | $ 9,759 | ||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | ||||||
Finite-Lived Intangible Asset, Expected Amortization, Year One | $ 163,139 | ||||||
Singular Payments, LLC [Member] | Customer Lists [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 5,000,000 | ||||||
Finite-Lived Intangible Assets, Accumulated Amortization | 5,000,000 | ||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 60 months | ||||||
Amortization of Intangible Assets | 666,667 | $ 1,000,000 | |||||
Acquisition of Information Management Solutions, LLC [Member] | Customer Lists [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 4,359,335 | ||||||
Finite-Lived Intangible Assets, Accumulated Amortization | 1,743,734 | ||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 60 months | ||||||
Finite-Lived Intangible Asset, Expected Amortization, Year One | 871,867 | ||||||
Finite-Lived Intangible Asset, Expected Amortization, Year Two | 871,867 | ||||||
Finite-Lived Intangible Asset, Expected Amortization, Year Three | $ 871,867 |
Note 4 - Valuation Accounts - S
Note 4 - Valuation Accounts - Summary of Valuation and Allowance Accounts (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Balance, Beginning of Year | $ 623,494 | |
Balance, End of Year | 755,494 | $ 623,494 |
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | ||
Balance, Beginning of Year | 319,000 | 205,522 |
Net Charged to Costs and Expenses | 0 | 151,951 |
Transfers | 0 | 0 |
Net Write-off | 0 | (38,473) |
Balance, End of Year | 319,000 | 319,000 |
SEC Schedule, 12-09, Reserve, Legal [Member] | ||
Balance, Beginning of Year | 623,494 | 515,199 |
Net Charged to Costs and Expenses | 132,000 | 132,000 |
Transfers | 0 | 0 |
Net Write-off | 0 | (23,705) |
Balance, End of Year | $ 755,494 | $ 623,494 |
Note 5 - Loans (Details Textual
Note 5 - Loans (Details Textual) - USD ($) | 12 Months Ended | ||
Mar. 20, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Repayments of Long-Term Debt, Total | $ 54,771 | $ 39,802 | |
Debit Arrangement to Finance Purchase of Output Solutions Sorter [Member] | |||
Debt Instrument, Face Amount | $ 165,996 | ||
Debt Instrument, Term (Month) | 36 months | ||
Debt Instrument, Periodic Payment, Total | $ 4,902 | ||
Debt Instrument, Annual Principal Payment | $ 58,821 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.95% | ||
Repayments of Long-Term Debt, Total | $ 54,634 |
Note 6 - Accrued Expenses - Sum
Note 6 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Accrued commissions | $ 1,479,580 | $ 879,120 |
Reserve for processing losses | 755,494 | 623,494 |
Other accrued expenses | 821,167 | 226,888 |
Accrued taxes | 320,854 | 298,168 |
Accrued salaries | 344,013 | 297,995 |
Total accrued expenses | $ 3,721,108 | $ 2,325,665 |
Note 7 - Operating Leases (Deta
Note 7 - Operating Leases (Details Textual) | 12 Months Ended | |||
Oct. 19, 2021 USD ($) ft² | Mar. 15, 2021 USD ($) | Dec. 31, 2022 USD ($) ft² | Dec. 31, 2021 USD ($) | |
Operating Lease, Expense | $ 711,000 | $ 591,000 | ||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 5 years 3 months 7 days | |||
Operating Lease, Weighted Average Discount Rate, Percent | 4.17% | |||
Operating Lease, Fixed Operating Expense | $ 577,000 | |||
Operating Lease, Interest Expense | 134,000 | |||
Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Expense | $ 150,129 | 143,149 | ||
Sales Offices and Operations [Member] | Nashville, TN [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 3,794 | |||
Operating Lease, Expense | $ 102,976 | 85,122 | ||
Output Solutions Employees and Warehouse Operations [Member] | San Antonio, TX [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 22,400 | |||
Operating Lease, Expense | $ 112,504 | 107,647 | ||
Lessee, Operating Lease, Remaining Lease Term (Month) | 45 months | |||
Lease for Technology Organization [Member] | Austin, TX [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 1,890 | |||
Operating Lease, Expense | $ 83,610 | 81,353 | ||
Lessee, Operating Lease, Term of Contract (Month) | 25 months | |||
Amended Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 2,734 | |||
Operating Lease, Expense | $ 34,125 | $ 46,658 | ||
Lessee, Operating Lease, Term of Contract (Month) | 23 months | |||
Amendment Two of Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 6,628 | |||
Operating Lease, Expense | $ 75,269 | |||
Lease of Select Computer Equipment [Member] | ||||
Operating Lease, Expense | $ 12,729 | $ 25,000 | ||
Maximum [Member] | Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Leases, Area Leased (Square Foot) | ft² | 10,535 | |||
Maximum [Member] | Output Solutions Employees and Warehouse Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | $ 133,703 | |||
Maximum [Member] | Amended Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | 60,148 | |||
Maximum [Member] | Amendment Two of Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | $ 145,816 | |||
Minimum [Member] | Output Solutions Employees and Warehouse Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | 123,554 | |||
Minimum [Member] | Amended Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | $ 56,047 | |||
Minimum [Member] | Amendment Two of Office Space, Executive Offices and Operations [Member] | San Antonio, TX [Member] | ||||
Operating Lease, Annual Expense | $ 135,874 |
Note 7 - Operating Leases - Mat
Note 7 - Operating Leases - Maturities of Lease Liabilities (Details) | Dec. 31, 2022 USD ($) |
2023 | $ 617,319 |
2024 | 554,916 |
2025 | 518,935 |
2026 | 414,138 |
2027 | 414,138 |
Thereafter | 917,081 |
Total minimum lease payments | 3,436,527 |
Less imputed interest | (480,261) |
Total lease liabilities | $ 2,956,266 |
Note 8 - Related Party Transa_2
Note 8 - Related Party Transactions (Details Textual) - USD ($) | 12 Months Ended | ||||||
Oct. 04, 2022 | Jan. 06, 2022 | Nov. 18, 2021 | Apr. 01, 2021 | Jan. 06, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Treasury Stock, Value, Acquired, Cost Method | $ 1,344,569 | $ 238,737 | |||||
Shares Issued, Price Per Share (in dollars per share) | $ 6.39 | ||||||
Performance Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 319,900 | 1,444,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 10 years | 10 years | |||||
Performance Shares [Member] | President and Chief Executive Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 300,000 | ||||||
Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 141,900 | 103,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | |||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.08 | ||||||
Restricted Stock Units (RSUs) [Member] | Director One [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 10,000 | ||||||
Restricted Stock Units (RSUs) [Member] | Director Two [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 30,000 | ||||||
Angry Pug Sportswear [Member] | |||||||
Related Party Transaction, Purchases from Related Party | $ 22,835 | $ 4,009 | |||||
Louis Hoch [Member] | Angry Pug Sportswear [Member] | |||||||
Ownership Percentage | 50% | ||||||
Chief Financial Officer [Member] | |||||||
Treasury Stock, Shares, Acquired (in shares) | 11,361 | 11,860 | |||||
Treasury Stock, Value, Acquired, Cost Method | $ 47,930 | $ 38,545 | |||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 4.21 | $ 3.25 | |||||
Chief Financial Officer [Member] | Performance Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 50,000 | 200,000 | |||||
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 21,000 | ||||||
Chairman, President, Chief Executive Officer and Chief Operating Officer [Member] | |||||||
Treasury Stock, Shares, Acquired (in shares) | 26,234 | ||||||
Treasury Stock, Value, Acquired, Cost Method | $ 42,761 | ||||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 1.63 | ||||||
President and Chief Executive Officer [Member] | Performance Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 100,000 | ||||||
President and Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 30,000 | ||||||
Greg Carter [Member] | Performance Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 30,000 | ||||||
Greg Carter [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 9,000 | ||||||
Director One [Member] | Performance Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 25,000 | ||||||
Director One [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 6,000 | ||||||
Director Two [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 | ||||||
Director Three [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 | ||||||
Director Four [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) | 60 Months Ended |
Dec. 31, 2022 USD ($) | |
Operating Loss Carryforwards | $ 23,900,000 |
Net Operating Loss That Can Be Carried Forward Indefinitely | 12,994,000 |
Tax Year 2022 [Member] | |
Operating Loss Carryforwards | $ 9,100,000 |
Note 9 - Income Taxes - Summary
Note 9 - Income Taxes - Summary of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred tax assets: | ||
Net operating loss carryforwards | $ 5,024,000 | $ 5,942,000 |
Depreciation and amortization | 1,159,000 | 999,000 |
Non-cash compensation | (117,000) | (326,000) |
Other | 69,000 | 101,000 |
Total | 6,135,000 | 6,716,000 |
Valuation Allowance | (4,631,000) | (5,212,000) |
Deferred tax asset | $ 1,504,000 | $ 1,504,000 |
Note 9 - Income Taxes - Schedul
Note 9 - Income Taxes - Schedule of Net Operating Losses (Details) - USD ($) | 12 Months Ended | 168 Months Ended | |||||||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2006 | Dec. 31, 2005 | Dec. 31, 2004 | Dec. 31, 2017 | |
NOL | $ 1,267,336 | $ 474,465 | $ 504,862 | $ 429,827 | $ 835,322 | $ 918,960 | $ 1,740,724 | $ 1,350,961 | $ 1,788,157 | $ 1,621,096 | $ 10,931,710 |
Note 9 - Income Taxes - Compone
Note 9 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Current provision: | ||
Federal | $ 0 | $ 0 |
State | 280,000 | 279,861 |
Current Income Tax Expense (Benefit), Total | 280,000 | 279,861 |
Deferred provision: | ||
Federal expense (benefit) | 0 | (110,000) |
Expense for income taxes | $ 280,000 | $ 169,861 |
Note 9 - Income Taxes - Effecti
Note 9 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Change in valuation allowance | $ (581,000) | $ (2,322,000) |
Permanent and other differences | 1,715,200 | 2,389,543 |
Federal income tax (benefit) | 0 | (110,000) |
Expense for income taxes | $ 280,000 | $ 169,861 |
Note 9 - Income Taxes - Effec_2
Note 9 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) (Parentheticals) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income tax rate | 21% | 21% |
Note 10 - Stock Options, Ince_3
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan (Details Textual) | 12 Months Ended | |||||||||
Nov. 18, 2021 shares | Sep. 01, 2021 $ / shares shares | Apr. 01, 2021 shares | Feb. 05, 2021 $ / shares shares | Dec. 15, 2020 USD ($) $ / shares shares | Aug. 12, 2020 $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) shares | Oct. 05, 2018 $ / shares shares | Aug. 21, 2018 USD ($) $ / shares shares | |
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares) | 105,805 | |||||||||
Payment, Tax Withholding, Share-Based Payment Arrangement | $ | $ 227,975 | |||||||||
Share Price (in dollars per share) | $ / shares | $ 1.65 | |||||||||
Warrants and Rights Outstanding, Reduction of Revenue During Period | $ | $ 20,963 | $ 35,940 | ||||||||
Measurement Input, Risk Free Interest Rate [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.0277 | |||||||||
Measurement Input, Expected Term [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 5 | |||||||||
Measurement Input, Expected Dividend Rate [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0 | |||||||||
Measurement Input, Price Volatility [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.646 | |||||||||
Common Stock Warrants [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 150,000 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 5.97 | $ 5.88 | $ 3.46 | |||||||
Warrants and Rights Outstanding | $ | $ 135,764 | |||||||||
Stock Issued During Period, Shares, Warrants Exercised (in shares) | 19,950 | 19,795 | 27,051 | |||||||
Class of Warrant or Right, Number of Warrants Exercised (in shares) | 30,000 | 30,000 | 60,000 | |||||||
Common Stock Warrants, Tranche One [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 30,000 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.80 | |||||||||
Common Stock Warrants, Tranche One [Member] | Measurement Input, Share Price [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.94 | |||||||||
Common Stock Warrants, Tranche Two through Five [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 120,000 | 120,000 | ||||||||
Warrants and Rights Outstanding, Term (Year) | 4 years | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights, Maximum Percentage of Market Price of Common Stock | 120% | |||||||||
Common Stock Warrants, Tranche Two through Five [Member] | Measurement Input, Share Price [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.90 | |||||||||
Common Stock Warrants, Tranche Two through Five [Member] | Maximum [Member] | ||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 2 | |||||||||
Common Stock Warrants, Tranche Two [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 30,000 | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 945,599 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 4.23 | |||||||||
Warrants and Rights Outstanding | $ | $ 552,283 | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 945,599 | |||||||||
Class of Warrant or Right, Term Following Vesting (Year) | 5 years | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | Measurement Input, Share Price [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.58 | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.0009 | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | Measurement Input, Expected Term [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 5 | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0 | |||||||||
Warrants Issued to Acquire Information Management Solutions, LLC [Member] | Measurement Input, Price Volatility [Member] | ||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.599 | |||||||||
Restricted Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 103,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 10 years | |||||||||
Share-Based Payment Arrangement, Expense | $ | $ 2,100,000 | $ 1,500,000 | ||||||||
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ | $ 5,697,900 | |||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 5 years 21 days | |||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 141,900 | 103,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | ||||||||
Equity Incentive Plan 2025 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 5,000,000 | |||||||||
Increase in Capital Shares Reserved for Future Issuance Per Year [Member] | 5% | |||||||||
Equity Incentive Plan 2025 [Member] | Restricted Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 103,000 | |||||||||
Equity Incentive Plan 2025 [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 291,867 | |||||||||
The 1999 Employee Stock Purchase Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85% | |||||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares) | 0 | 0 |
Note 10 - Stock Options, Ince_4
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan - Schedule of Share-based Compensation Activity (Details) - Restricted Stock [Member] | 12 Months Ended |
Dec. 31, 2022 USD ($) $ / shares shares | |
Outstanding, beginning balance (in shares) | shares | 5,241,902 |
Outstanding, weighted average exercise price, beginning balance (in dollars per share) | $ / shares | $ 2.25 |
Granted (in shares) | shares | 103,000 |
Granted, weighted average exercise price (in dollars per share) | $ / shares | $ 1.61 |
Vested (in shares) | shares | 230,002 |
Vested, weighted average exercise price (in dollars per share) | $ / shares | $ 0 |
Forfeited (in shares) | shares | 132,000 |
Forfeited, weighted average exercise price (in dollars per share) | $ / shares | $ 0 |
Outstanding, ending balance (in shares) | shares | 4,982,900 |
Outstanding, weighted average exercise price, ending balance (in dollars per share) | $ / shares | $ 2.27 |
Weighted average contractual remaining life, outstanding (Year) | 5 years 21 days |
Aggregate intrinsic value, outstanding | $ | $ (0.62) |
Expected to Vest after year end (in shares) | shares | 4,982,900 |
Expected to Vest, weighted average exercise price (in dollars per share) | $ / shares | $ 2.27 |
Weighted average contractual remaining life, expected to vest after year end (Year) | 5 years 21 days |
Aggregate intrinsic value, expected to vest after year end | $ | $ (0.62) |
Note 11 - Net (Loss) Per Shar_2
Note 11 - Net (Loss) Per Share - Earnings Per Share Reconciliation (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Numerator: | ||
Numerator for basic and diluted earnings per share, net (loss) available to common shareholders | $ (5,483,244) | $ (321,634) |
Denominator: | ||
Denominator for basic (loss) per share, weighted average shares outstanding (in shares) | 20,379,386 | 20,028,850 |
Effect of dilutive securities-stock options and restricted awards (in shares) | 0 | 0 |
Denominator for diluted (loss) per share, adjusted weighted average shares and assumed conversion (in shares) | 20,379,386 | 20,028,850 |
Basic (loss) per common share (in dollars per share) | $ (0.27) | $ (0.02) |
Diluted (loss) per common share and common share equivalent (in dollars per share) | $ (0.27) | $ (0.02) |
Note 11 - Net (Loss) Per Shar_3
Note 11 - Net (Loss) Per Share - Anti-dilutive Securities (Details) - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Anti-dilutive awards and options (in shares) | 4,982,900 | 5,241,902 |
Note 12 - Concentration of Cr_2
Note 12 - Concentration of Credit Risk and Significant Customers (Details Textual) Pure in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member] | ||
Number of Major Customers | 0 | 0 |
Note 13 - Legal Proceedings (De
Note 13 - Legal Proceedings (Details Textual) | Sep. 28, 2021 USD ($) |
Claim By KDHM, LLC Against Usio Output Solutions, Inc. [Member] | |
Loss Contingency, Damages Sought, Value | $ 317,000 |
Counterclaim By Usio Output Solutions, Inc. Against KDHM, LLC [Member] | |
Amount Failed to Disclose As Required | $ 305,000 |
Note 16 - Subsequent Events (De
Note 16 - Subsequent Events (Details Textual) - USD ($) | 12 Months Ended | |||||
Feb. 27, 2023 | Feb. 08, 2023 | Nov. 18, 2021 | Apr. 01, 2021 | Dec. 31, 2022 | Jan. 26, 2023 | |
Shares Issued, Price Per Share (in dollars per share) | $ 6.39 | |||||
Austin, TX [Member] | Lease for Technology Organization [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Month) | 25 months | |||||
Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 103,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 10 years | |||||
Restricted Stock Units (RSUs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 141,900 | 103,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | ||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.08 | |||||
Restricted Stock Units (RSUs) [Member] | Chief Financial Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 21,000 | |||||
Restricted Stock Units (RSUs) [Member] | Director One [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 6,000 | |||||
Restricted Stock Units (RSUs) [Member] | Director Two [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 | |||||
Subsequent Event [Member] | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.75 | |||||
Subsequent Event [Member] | Austin, TX [Member] | Lease for Technology Organization [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Month) | 24 months | |||||
Subsequent Event [Member] | Executive Vice President [Member] | ||||||
Annual Base Salary | $ 250,000 | |||||
Employment Agreement, Commissions Percentage | 10% | |||||
Payment of One-time Signing Bonus | $ 40,000 | |||||
Subsequent Event [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 1,403,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 10 years | |||||
Subsequent Event [Member] | Restricted Stock [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 330,000 | |||||
Subsequent Event [Member] | Restricted Stock [Member] | Chief Financial Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 200,000 | |||||
Subsequent Event [Member] | Restricted Stock [Member] | Director One [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 100,000 | |||||
Subsequent Event [Member] | Restricted Stock [Member] | Director Two [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 100,000 | |||||
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 273,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 33,000 | |||||
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | Chief Financial Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 21,000 | |||||
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | Director One [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 | |||||
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | Director Two [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 12,000 |