CoreCard (CCRD) 10-Q 3 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2022 shares
Document Information [Line Items]
Entity Central Index Key	0000320340
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	1-9330
Entity Registrant Name	CORECARD CORPORATION
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1964787
Entity Address, Address Line One	One Meca Way
Entity Address, City or Town	Norcross
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30093
City Area Code	770
Local Phone Number	381-2900
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
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value for the class
Trading Symbol	CCRD
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	8,567,008

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 21,516	$ 29,244
Accounts receivable, net	16,202	5,547
Other current assets	2,669	2,046
Total current assets	40,387	36,837
Investments	6,512	6,355
Property and equipment, at cost less accumulated depreciation	12,771	10,371
Other long-term assets	4,627	4,585
Total assets	64,297	58,148
Current liabilities:
Accounts payable	2,281	2,763
Deferred revenue, current portion	1,262	2,263
Accrued payroll	1,951	2,145
Accrued expenses	564	404
Other current liabilities	2,476	3,278
Total current liabilities	8,534	10,853
Noncurrent liabilities:
Deferred revenue, net of current portion	418	164
Deferred tax liability	556	549
Long-term lease obligation	2,664	2,708
Total noncurrent liabilities	3,638	3,421
Stockholders’ equity:
Common stock, $0.01 par value: Authorized shares - 20,000,000; Issued shares – 9,007,815 and 9,001,311 at June 30, 2022 and December 31, 2021, respectively; Outstanding shares – 8,567,008 and 8,689,815 at June 30, 2022 and December 31, 2021, respectively	90	90
Additional paid-in capital	16,421	16,261
Treasury stock, 440,807 and 311,496 shares at June 30, 2022 and December 31, 2021, respectively, at cost	(15,006)	(11,327)
Accumulated other comprehensive income (loss)	50	(194)
Accumulated income	50,570	39,044
Total stockholders’ equity	52,125	43,874
Total liabilities and stockholders’ equity	$ 64,297	$ 58,148

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited)-parentheticals (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	9,007,815	9,001,311
Common stock, shares outstanding (in shares)	8,567,008	8,689,815
Treasury stock, shares (in shares)	440,807	311,496

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 15,206	$ 13,355	$ 39,490	$ 22,267
Cost of revenue	7,937	5,558	15,393	9,986
Expenses
Marketing	85	46	151	83
General and administrative	1,255	1,241	2,940	2,121
Research and development	2,463	2,652	5,787	4,754
Income from operations	3,466	3,858	15,219	5,323
Investment income (loss)	260	(134)	157	(267)
Other income	29	81	66	156
Income before income taxes	3,755	3,805	15,442	5,212
Income taxes	899	1,000	3,916	1,367
Net income	$ 2,856	$ 2,805	$ 11,526	$ 3,845
Basic (in dollars per share)	$ 0.33	$ 0.32	$ 1.34	$ 0.43
Diluted (in dollars per share)	$ 0.33	$ 0.32	$ 1.33	$ 0.43
Basic weighted average common shares outstanding (in shares)	8,595,478	8,797,691	8,625,504	8,848,351
Diluted weighted average common shares outstanding (in shares)	8,616,354	8,828,773	8,651,874	8,880,831
Service [Member]
Revenue	$ 13,412	$ 11,055	$ 25,207	$ 19,967
Cost of revenue	7,937	5,558	15,393	9,986
Product [Member]
Revenue	$ 1,794	$ 2,300	$ 14,283	$ 2,300

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 2,856	$ 2,805	$ 11,526	$ 3,845
Other comprehensive income (loss):
Foreign currency translation adjustments	243	4	244	8
Total comprehensive income	$ 3,099	$ 2,809	$ 11,770	$ 3,853

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock Outstanding [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2020		8,885,797
Balance at Dec. 31, 2020			$ 89	$ 15,836	$ (1,639)	$ (140)	$ 30,005	$ 44,151
Common stock repurchased* (in shares)	[1]	(70,947)
Common stock repurchased*	[1]				(2,712)			(2,712)
Stock options exercised (in shares)		67,500
Stock options exercised			1	106				107
Net income								1,040
Stock compensation expense				57				57
Foreign currency translation adjustment						4		4
Balance (in shares) at Mar. 31, 2021		8,882,350
Balance at Mar. 31, 2021			90	15,999	(4,351)	(136)	31,045	42,647
Balance (in shares) at Dec. 31, 2020		8,885,797
Balance at Dec. 31, 2020			89	15,836	(1,639)	(140)	30,005	44,151
Net income								3,845
Stock compensation expense	[1]							198
Balance (in shares) at Jun. 30, 2021		8,742,599
Balance at Jun. 30, 2021			90	16,197	(9,399)	(132)	33,850	40,606
Balance (in shares) at Mar. 31, 2021		8,882,350
Balance at Mar. 31, 2021			90	15,999	(4,351)	(136)	31,045	42,647
Common stock repurchased* (in shares)	[1]	(144,194)
Common stock repurchased*	[1]				(5,048)			(5,048)
Net income							2,805	2,805
Foreign currency translation adjustment						4		4
Stock compensation expense (in shares)	[1]	4,443
Stock compensation expense	[1]			198
Balance (in shares) at Jun. 30, 2021		8,742,599
Balance at Jun. 30, 2021			90	16,197	(9,399)	(132)	33,850	40,606
Balance (in shares) at Dec. 31, 2021		8,689,815
Balance at Dec. 31, 2021			90	16,261	(11,327)	(194)	39,044	43,874
Common stock repurchased* (in shares)	[1]	(70,864)
Common stock repurchased*	[1]				(2,332)			(2,332)
Net income						8,670		8,670
Stock compensation expense				10				10
Foreign currency translation adjustment						1		1
Balance (in shares) at Mar. 31, 2022		8,618,951
Balance at Mar. 31, 2022			90	16,271	(13,659)	(193)	47,714	50,223
Balance (in shares) at Dec. 31, 2021		8,689,815
Balance at Dec. 31, 2021			90	16,261	(11,327)	(194)	39,044	$ 43,874
Stock options exercised (in shares)								0
Net income								$ 11,526
Balance (in shares) at Jun. 30, 2022		8,567,008
Balance at Jun. 30, 2022			90	16,421	(15,006)	50	50,570	52,125
Balance (in shares) at Mar. 31, 2022		8,618,951
Balance at Mar. 31, 2022			90	16,271	(13,659)	(193)	47,714	50,223
Common stock repurchased* (in shares)	[1]	(58,447)
Common stock repurchased*	[1]				(1,347)			$ (1,347)
Stock options exercised (in shares)								0
Net income							2,856	$ 2,856
Foreign currency translation adjustment						243		243
Stock compensation expense (in shares)		6,504
Stock compensation expense				150				150
Balance (in shares) at Jun. 30, 2022		8,567,008
Balance at Jun. 30, 2022			$ 90	$ 16,421	$ (15,006)	$ 50	$ 50,570	$ 52,125
[1]At June 30, 2022, approximately $19,994,000 was authorized for future repurchases of our common stock.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income	$ 11,526	$ 3,845
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	2,333	1,769
Stock-based compensation expense	160	255
Deferred income taxes	72
Non-cash interest income		(55)
Equity in (gain) loss of affiliate company	(157)	267
Changes in operating assets and liabilities:
Accounts receivable, net	(10,655)	(3,778)
Other current assets	(688)	(114)
Other long-term assets	(236)	(37)
Accounts payable	611	552
Accrued payroll	(194)	467
Deferred revenue, current portion	(1,001)	(282)
Accrued expenses	160	33
Other current liabilities	(827)	(2,605)
Deferred revenue, net of current portion	254	88
Net cash provided by operating activities	1,358	405
INVESTING ACTIVITIES:
Purchases of property and equipment	(5,760)	(2,612)
Advances on notes and interest receivable		(550)
Proceeds from payments on notes receivable	110	55
Purchase of intangible assets		(400)
Purchase of long-term investment		(1,000)
Net cash used for investing activities	(5,650)	(4,507)
FINANCING ACTIVITIES:
Sale of capital stock pursuant to exercise of option		107
Repurchases of common stock	(3,679)	(7,759)
Net cash used for financing activities	(3,679)	(7,652)
Effects of exchange rate changes on cash	243	8
Net decrease in cash	(7,728)	(11,746)
Cash at beginning of period	29,244	37,956
Cash at end of period	21,516	26,210
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for income taxes	5,330	$ 1,754
Purchases of property and equipment, accrued but not paid	$ 1,093

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Throughout this report, the terms “we”, “us”, “ours”, “CoreCard” and “Company” refer to CoreCard Corporation, including its wholly-owned and majority-owned subsidiaries. The unaudited Consolidated Financial Statements presented in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States applicable to interim financial statements. Accordingly, they do not include all of the information and notes required for complete financial statements. In the opinion of CoreCard management, these Consolidated Financial Statements contain all adjustments (which comprise only normal and recurring accruals) necessary to present fairly the financial position and results of operations as of and for the three and six month periods ended June 30, 2022 and 2021. The interim results for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with our Consolidated Financial Statements and notes thereto for the fiscal year ended December 31, 2021, as filed in our Annual Report on Form 10-K. There have been no material changes in the Company’s significant accounting policies as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, to require financial assets carried at amortized cost to be presented at the net amount expected to be collected based on historical experience, current conditions and forecasts. Subsequently, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, to clarify that receivables arising from operating leases are within the scope of lease accounting standards. Further, the FASB issued ASU No. 2019-04, ASU No. 2019-05, ASU 2019-10 and ASU 2019-11 to provide additional guidance on the credit losses standard. The ASUs are effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Adoption of the ASUs is on a modified retrospective basis. We plan to adopt the ASUs on January 1, 2023. The ASUs are currently not expected to have a material impact on our consolidated financial statements. In March 2022, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2022-02 "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" (ASU 2022-02), which eliminates the accounting guidance for troubled debt restructurings (TDRs) by creditors that have adopted ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and enhances certain disclosure requirements. The ASU is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Adoption of the ASUs is on a modified retrospective basis. We plan to adopt the ASUs on January 1, 2023. The adoption of ASU 2022-02 is not expected to have a material impact on our Consolidated Financial Statements. We have considered all other recently issued accounting pronouncements and do not believe the adoption of such pronouncements will have a material impact on our Consolidated Financial Statements.

Note 2 - Revenue

Note 2 - Revenue	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. REVENUE Disaggregation of Revenue In the following table, revenue is disaggregated by type of revenue for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 License $ 1,794 $ 2,300 $ 14,283 $ 2,300 Professional services 7,605 6,100 14,167 11,847 Processing and maintenance 4,510 4,193 8,570 6,799 Third party 1,297 762 2,470 1,321 Total $ 15,206 $ 13,355 $ 39,490 $ 22,267 Foreign revenues are based on the location of the customer. Revenues from customers by geographic areas for the three and six months ended June 30, 2022 and 2021 are as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 United States $ 14,865 $ 12,515 $ 38,861 $ 21,397 Middle East 316 211 580 211 European Union 25 629 49 659 Total $ 15,206 $ 13,355 $ 39,490 $ 22,267 Concentration of Revenue The following table indicates the percentage of consolidated revenue represented by each customer that represented more than 10 percent of consolidated revenue in the three and six month periods ended June 30, 2022 and 2021. Most of our customers have multi-year contracts with recurring revenue as well as professional services fees that vary by period depending on their business needs. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Customer A 71 % 71 % 79 % 71 %

Note 3 - Notes Receivable

Note 3 - Notes Receivable	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Financing Receivables [Text Block]	3. NOTES RECEIVABLE In February 2021, we entered into and advanced a $550,000 Promissory Note with a privately held technology company and program manager in the FinTech industry. The note bears interest at the rate of 4.6 percent annually with the maturity date of October 2023.

Note 4 - Investments

Note 4 - Investments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Investment [Text Block]	4. INVESTMENTS We hold a 40 percent ownership interest in a privately held identity and professional services company with ties to the FinTech industry. The carrying value of our investment was $1,486,000 at June 30, 2022, included in investments on the Consolidated Balance Sheets. In 2021, the company transferred its advisory business to a new entity. We contributed our note receivable of $2,806,000 and $800,000 of cash for a 28% In the second quarter of 2021, we invested $1,000,000 in a privately held company that provides supply chain and receivables financing. The carrying amount of $1,000,000 is accounted for at cost and is included in investments on the Consolidated Balance Sheet.

Note 5 - Related Party Transact

Note 5 - Related Party Transaction	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	5. RELATED PARTY TRANSACTION The lease on our headquarters and primary facility in Norcross, Georgia is held by ISC Properties, LLC, an entity controlled by our Chairman and Chief Executive Officer, J. Leland Strange. Mr. Strange holds a 100% ownership interest in ISC Properties, LLC. We have determined that ISC Properties, LLC is not a variable interest entity. On March 1, 2022, we canceled our lease agreement dated April 1, 2021 and entered into a new lease to move our corporate headquarters and to procure additional office space. The new lease has a five-year

Note 6 - Stock-Based Compensati

Note 6 - Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	6. STOCK-BASED COMPENSATION At June 30, 2022, we have four As of June 30, 2022, there is no Options Outstanding and Exercisable: Range of Number Wgt. Avg. Contractual Wgt. Avg. Aggregate $3.50 - $3.86 13,000 4.7 $ 3.75 $ 298,720 $7.80 8,000 5.9 $ 7.80 $ 102,750 $19.99 30,000 6.6 $ 19.99 $ 132,600 $39.11 8,000 6.9 $ 39.11 $ -- $3.50 - $39.11 59,000 6.1 $ 17.35 $ 534,070 The estimated fair value of options granted is calculated using the Black-Scholes option pricing model with assumptions as previously disclosed in our 2021 Form 10-K. The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the company’s closing stock price on the last trading day of the second quarter of 2022 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on June 30, 2022. The amount of aggregate intrinsic value will change based on the market value of the company’s stock.

Note 7 - Fair Value of Financia

Note 7 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Fair Value, Option [Text Block]	7. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying value of cash, marketable securities, accounts receivable, notes receivable, accounts payable and certain other financial instruments (such as accrued expenses, and other current liabilities) included in the accompanying consolidated balance sheets approximates their fair value principally due to the short-term maturity of these instruments. Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash, marketable securities, trade accounts and notes receivable. Our available cash is held in accounts managed by third-party financial institutions. Cash may exceed the Federal Deposit Insurance Corporation, or FDIC, insurance limits. While we monitor cash balances on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, we have experienced no loss or lack of access to our cash; however, we can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets.

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. FAIR VALUE MEASUREMENTS In determining fair value, the company uses quoted market prices in active markets. GAAP establishes a fair value measurement framework, provides a single definition of fair value, and requires expanded disclosure summarizing fair value measurements. GAAP emphasizes that fair value is a market-based measurement, not an entity specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing an asset or liability. GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable input be used when available. Observable inputs are based on data obtained from sources independent of the company that market participants would use in pricing the asset or liability. Unobservable inputs are inputs that reflect the company’s assumptions about the estimates market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is measured in three levels based on the reliability of inputs: • Level 1 Valuations based on quoted prices in active markets for identical assets or liabilities that we have the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. • Level 2 Valuations based on quoted prices in less active, dealer or broker markets. Fair values are primarily obtained from third party pricing services for identical or comparable assets or liabilities. • Level 3 Valuations derived from other valuation methodologies, including pricing models, discounted cash flow models and similar techniques, and not based on market, exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections that are not observable in the market and significant professional judgment is needed in determining the fair value assigned to such assets or liabilities. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The fair value of equity method investments has not been determined as it was impracticable to do so due to the fact that the investee companies are relatively small, early stage private companies for which there is no comparable valuation data available without unreasonable time and expense. The fair value of our cost method investments was determined using Level 3 inputs.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	9. COMMITMENTS AND CONTINGENCIES Leases We have noncancelable operating leases for offices and data centers expiring at various dates through March 2027. These operating leases are included in other long-term assets on the Company's June 30, 2022 and December 31, 2021 Consolidated Balance Sheets and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make lease payments are included in other current liabilities and long-term lease obligation on the Company's June 30, 2022 and December 31, 2021 Consolidated Balance Sheets. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. Supplemental Information Leases Supplemental information related to our right-of-use assets and related lease liabilities is as follows: June 30, 2022 December 31, 2021 Right-of-use asset, net and lease liabilities (in thousands) $ 3,953 $ 3,955 Weighted average remaining lease term (years) 3.8 3.5 Weighted average discount rate 3.4 % 4.1 % For the six months ended June 30, 2022 and 2021, cash paid for operating leases included in operating cash flows was $348,000 and $575,000, respectively. Maturities of our operating lease liabilities as of June 30, 2022 is as follows: Operating Leases (in thousands) 2022 $ 695 2023 1,334 2024 1,007 2025 617 2026 503 Thereafter 68 Total lease liabilities $ 4,224 Lease expense for the three and six months ended June 30, 2022 and 2021 consisted of the following: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Cost of Revenue $ 194 $ 224 $ 412 $ 442 General and Administrative 107 56 158 112 Research and Development 47 10 93 21 Total $ 348 $ 290 $ 663 $ 575 Legal Matters There are no pending or threatened legal proceedings. However, in the ordinary course of business, from time to time we may be involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. We accrue for unpaid legal fees for services performed to date.

Note 10 - Income Taxes

Note 10 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. INCOME TAXES We recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are recognized, net of a valuation allowance, for the estimated future tax effects of deductible temporary differences and tax credit carry-forwards. A valuation allowance against deferred tax assets is recorded when, and if, based upon available evidence, it is more likely than not that some or all deferred tax assets will not be realized. There were no We file a consolidated U.S. federal income tax return for all subsidiaries in which our ownership equals or exceeds 80%, as well as individual subsidiary returns in various states and foreign jurisdictions. With few exceptions we are no longer subject to U.S. federal, state and local or foreign income tax examinations by taxing authorities for returns filed more than three years ago.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Not Yet Adopted

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 License $ 1,794 $ 2,300 $ 14,283 $ 2,300 Professional services 7,605 6,100 14,167 11,847 Processing and maintenance 4,510 4,193 8,570 6,799 Third party 1,297 762 2,470 1,321 Total $ 15,206 $ 13,355 $ 39,490 $ 22,267 Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 United States $ 14,865 $ 12,515 $ 38,861 $ 21,397 Middle East 316 211 580 211 European Union 25 629 49 659 Total $ 15,206 $ 13,355 $ 39,490 $ 22,267
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Customer A 71 % 71 % 79 % 71 %

Note 6 - Stock-Based Compensa_2

Note 6 - Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Options Outstanding and Exercisable: Range of Number Wgt. Avg. Contractual Wgt. Avg. Aggregate $3.50 - $3.86 13,000 4.7 $ 3.75 $ 298,720 $7.80 8,000 5.9 $ 7.80 $ 102,750 $19.99 30,000 6.6 $ 19.99 $ 132,600 $39.11 8,000 6.9 $ 39.11 $ -- $3.50 - $39.11 59,000 6.1 $ 17.35 $ 534,070

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Lease, Cost [Table Text Block]	June 30, 2022 December 31, 2021 Right-of-use asset, net and lease liabilities (in thousands) $ 3,953 $ 3,955 Weighted average remaining lease term (years) 3.8 3.5 Weighted average discount rate 3.4 % 4.1 % Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Cost of Revenue $ 194 $ 224 $ 412 $ 442 General and Administrative 107 56 158 112 Research and Development 47 10 93 21 Total $ 348 $ 290 $ 663 $ 575
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating Leases (in thousands) 2022 $ 695 2023 1,334 2024 1,007 2025 617 2026 503 Thereafter 68 Total lease liabilities $ 4,224

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 15,206	$ 13,355	$ 39,490	$ 22,267
UNITED STATES
Revenue	14,865	12,515	38,861	21,397
Middle East [Member]
Revenue	316	211	580	211
European Union [Member]
Revenue	25	629	49	659
License [Member]
Revenue	1,794	2,300	14,283	2,300
Professional Services [Member]
Revenue	7,605	6,100	14,167	11,847
Processing and Maintenance [Member]
Revenue	4,510	4,193	8,570	6,799
Third party [Member]
Revenue	$ 1,297	$ 762	$ 2,470	$ 1,321

Note 2 - Revenue - Concentratio

Note 2 - Revenue - Concentration of Revenue (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration	71%	71%	79%	71%

Note 3 - Notes Receivable (Deta

Note 3 - Notes Receivable (Details Textual) - Privately-Held Identity and Professional Services Company With Ties to the FinTech Industry [Member]	1 Months Ended
	Feb. 28, 2021 USD ($)
Payments to Acquire Notes Receivable	$ 550,000
Notes Receivable, Stated Interest Rate	4.60%

Note 4 - Investments (Details T

Note 4 - Investments (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2019
Equity Method Investments	$ 4,026,000		$ 4,026,000
Ownership Percentage					28%
Gain (Loss) on Investments, Total	260,000		(157,000)
Payments to Acquire Investments, Total				$ 1,000,000
Long-Term Investments, Total	6,512,000		6,512,000		$ 6,355,000
Long-term Investments [Member]
Equity Method Investments	$ 1,486,000		$ 1,486,000
Privately-Held Identity and Professional Services Company With Ties to the FinTech Industry [Member]
Equity Method Investment, Ownership Percentage						40%
Transfer Advisory Business to New Entity [Member]
Financing Receivable, after Allowance for Credit Loss, Total					2,806,000
Cash					$ 800,000
Privately Held Company Providing Supply Chain and Receivables Financing [Member]
Payments to Acquire Investments, Total		$ 1,000,000		1,000,000
Long-Term Investments, Total		$ 1,000,000		$ 1,000,000

Note 5 - Related Party Transa_2

Note 5 - Related Party Transaction (Details Textual)	Jun. 30, 2022
Related Party Ownership Percentage	100%
Lessee, Operating Lease, Term of Contract (Year)	5 years

Note 6 - Stock-Based Compensa_3

Note 6 - Stock-Based Compensation (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	May 31, 2022 shares
Number of Stock-based Compensation Plans in Effect	4		4
Share-Based Payment Arrangement, Expense | $	$ 150,000	$ 198,000	$ 160,000	$ 255,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 0		$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)	0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	6,504
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Value | $	$ 150,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares)	0
The 2020 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	200,000		200,000
The 2022 Stock Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					750,000

Note 6 - Stock Compensation Pla

Note 6 - Stock Compensation Plans - Stock Options Outstanding and Exercisable (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Lower Range of Exercise Price (in dollars per share)	$ 3.50
Upper Range of Exercise Price (in dollars per share)	$ 39.11
Number Outstanding (in shares) | shares	59,000
Wgt. Avg. Contractual Life Remaining (Year)	6 years 1 month 6 days
Wgt. Avg. Exercise Price (in dollars per share)	$ 17.35
Aggregate Intrinsic Value | $	$ 534,070
Options Outstanding Exercise Price Range1 [Member]
Lower Range of Exercise Price (in dollars per share)	$ 3.50
Upper Range of Exercise Price (in dollars per share)	$ 3.86
Number Outstanding (in shares) | shares	13,000
Wgt. Avg. Contractual Life Remaining (Year)	4 years 8 months 12 days
Wgt. Avg. Exercise Price (in dollars per share)	$ 3.75
Aggregate Intrinsic Value | $	$ 298,720
Options Outstanding Exercise Price Range2 [Member]
Lower Range of Exercise Price (in dollars per share)	$ 7.80
Number Outstanding (in shares) | shares	8,000
Wgt. Avg. Contractual Life Remaining (Year)	5 years 10 months 24 days
Wgt. Avg. Exercise Price (in dollars per share)	$ 7.80
Aggregate Intrinsic Value | $	$ 102,750
Options Outstanding Exercise Price Range 3 [Member]
Lower Range of Exercise Price (in dollars per share)	$ 19.99
Number Outstanding (in shares) | shares	30,000
Wgt. Avg. Contractual Life Remaining (Year)	6 years 7 months 6 days
Wgt. Avg. Exercise Price (in dollars per share)	$ 19.99
Aggregate Intrinsic Value | $	$ 132,600
Options Outstanding Exercise Price Range 4 [Member]
Lower Range of Exercise Price (in dollars per share)	$ 39.11
Number Outstanding (in shares) | shares	8,000
Wgt. Avg. Contractual Life Remaining (Year)	6 years 10 months 24 days
Wgt. Avg. Exercise Price (in dollars per share)	$ 39.11

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Lease, Payments	$ 348,000	$ 575,000

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingencies - Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Right-of-use asset, net and lease liabilities (in thousands)	$ 3,953		$ 3,953		$ 3,955
Lease expense	$ 348	$ 290	$ 663	$ 575
Weighted average remaining lease term (years) (Year)	3 years 9 months 18 days		3 years 9 months 18 days		3 years 6 months
Weighted average discount rate	3.40%		3.40%		4.10%
Cost of Sales [Member]
Lease expense	$ 194	224	$ 412	442
General and Administrative Expense [Member]
Lease expense	107	56	158	112
Research and Development Expense [Member]
Lease expense	$ 47	$ 10	$ 93	$ 21

Note 9 - Commitments and Cont_5

Note 9 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
2022	$ 695
2023	1,334
2024	1,007
2025	617
2026	503
Thereafter	68
Total lease liabilities	$ 4,224

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0