CoreCard (CCRD) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	CCRD
Security Exchange Name	NYSE
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
Entity Common Stock, Shares Outstanding (in shares)		8,160,758
Entity Central Index Key	0000320340
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 24,056	$ 26,918
Marketable securities	5,305	5,230
Accounts receivable, net	8,189	7,536
Other current assets	5,173	4,805
Total current assets	42,723	44,489
Investments	3,823	4,062
Property and equipment, at cost less accumulated depreciation	11,688	11,319
Other long-term assets	3,857	3,956
Total assets	62,091	63,826
Current liabilities:
Accounts payable	1,925	1,557
Deferred revenue, current portion	1,635	2,310
Accrued payroll	1,556	2,172
Accrued expenses	1,167	971
Other current liabilities	2,778	2,530
Total current liabilities	9,061	9,540
Deferred revenue, net of current portion	186	265
Long-term lease obligation	899	1,121
Other current liabilities	295	196
Total noncurrent liabilities	1,380	1,582
Commitments and Contingencies
Stockholders’ equity:
Outstanding shares – 8,160,758 and 8,295,408 at March 31, 2024 and December 31, 2023, respectively	90	90
Additional paid-in capital	16,781	16,621
Treasury stock, 855,382 and 720,732 shares at March 31, 2024 and December 31, 2023, respectively, at cost	(22,006)	(20,359)
Accumulated other comprehensive income	35	32
Accumulated income	56,750	56,320
Total stockholders’ equity	51,650	52,704
Total liabilities and stockholders’ equity	$ 62,091	$ 63,826

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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)	9,016,140	9,016,140
Common stock, shares outstanding (in shares)	8,160,758	8,295,408
Treasury Stock, Common, Shares (in shares)	855,382	720,732

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue
Total net revenue	$ 13,076	$ 14,756
Cost of revenue
Total cost of revenue	9,500	9,804
Expenses
Marketing	114	69
General and administrative	1,427	1,549
Development	1,508	1,514
Income from operations	527	1,820
Investment loss	(204)	(241)
Other income, net	256	90
Income before income taxes	579	1,669
Income taxes	149	413
Net income	$ 430	$ 1,256
us-gaap_EarningsPerShareAbstract
Basic (in dollars per share)	$ 0.05	$ 0.15
Diluted (in dollars per share)	$ 0.05	$ 0.15
Basic weighted average common shares outstanding (in shares)	8,236,135	8,502,735
Diluted weighted average common shares outstanding (in shares)	8,247,788	8,531,541
Service [Member]
Revenue
Total net revenue	$ 13,076	$ 14,756
Cost of revenue
Total cost of revenue	9,500	9,804
Product [Member]
Revenue
Total net revenue	0	0
Cost of revenue
Total cost of revenue	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 430	$ 1,256
Other comprehensive income (loss):
Unrealized gain on marketable securities	5	37
Foreign currency translation adjustments	(2)	(53)
Total comprehensive income	$ 433	$ 1,240

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, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2022	8,502,735
Balance at Dec. 31, 2022		$ 90	$ 16,471	$ (16,662)	$ (61)	$ 52,925	$ 52,763
Net income						1,256	1,256
Unrealized gain on marketable securities					37		37
Foreign currency translation adjustment					(53)		(53)
Balance (in shares) at Mar. 31, 2023	8,502,735
Balance at Mar. 31, 2023		90	16,471	(16,662)	(77)	54,181	54,003
Balance (in shares) at Dec. 31, 2023	8,295,408
Balance at Dec. 31, 2023		90	16,621	(20,359)	32	56,320	52,704
Net income						430	430
Unrealized gain on marketable securities					5		5
Foreign currency translation adjustment					(2)		(2)
Balance (in shares) at Mar. 31, 2024	8,160,758
Balance at Mar. 31, 2024		$ 90	16,781	(22,006)	$ 35	$ 56,750	51,650
Common stock repurchased* (in shares)	(134,650)
Common stock repurchased*				$ (1,647)			(1,647)
Stock compensation expense			$ 160				$ 160

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 430,000	$ 1,256,000
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	1,025,000	1,695,000
Stock-based compensation expense	160,000	0
Provision for deferred income taxes	(84,000)	(61,000)
Non-cash interest income	37,000	(37,000)
Equity in loss of affiliate company	239,000	295,000
Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable, net	(653,000)	(792,000)
Other current assets	(185,000)	259,000
Other long-term assets	(41,000)	(45,000)
Accounts payable	567,000	(503,000)
Accrued payroll	(616,000)	(365,000)
Deferred revenue, current portion	(675,000)	651,000
Accrued expenses	196,000	301,000
Other current liabilities	305,000	279,000
Deferred revenue, net of current portion	(79,000)	(59,000)
Net cash provided by operating activities	552,000	2,948,000
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of marketable securities	362,000	440,000
Maturities of marketable securities	324,000	411,000
Purchases of property and equipment	(1,593,000)	(1,628,000)
Advances on notes receivable	(200,000)	0
Proceeds from payments on notes receivable	50,000	55,000
Net cash used for investing activities	(1,781,000)	(1,602,000)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Repurchases of common stock	(1,631,000)	0
Net cash used for financing activities	(1,631,000)	0
Effects of exchange rate changes on cash	(2,000)	(53,000)
Net (decrease) increase in cash	(2,862,000)	1,293,000
Cash at beginning of period	26,918,000	20,399,000
Cash at end of period	24,056,000	21,692,000
Supplemental Cash Flow Information [Abstract]
Purchases of property and equipment, accrued but not paid	$ 262,000	$ 309,000

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
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 month periods ended March 31, 2024 and 2023. The interim results for the three months ended March 31, 2024 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, 2023, as filed in our Annual Report on Form 10-K. There have been no material changes in the Company’s significant accounting policies in the first quarter of 2024, as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”). Recent Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures (Amendments to Topic 280). This standard was issued to improve the disclosures about reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses by requiring disclosure of incremental segment information on an annual and interim basis to enable investors to develop more decision-useful financial analyses. Topic 280 currently requires certain information about its reportable segments. The amendments in the ASU do not change or remove those disclosure requirements. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of the ASU is on a retrospective basis. We will adopt the updated accounting guidance in our Annual Report on Form 10-K for the year ended December 31, 2024. We are currently evaluating the impact the adoption of the new accounting guidance will have on our segment disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This standard was issued to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this ASU address transparency about income tax information through disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this ASU are effective for annual periods beginning after December 15, 2024. The ASU should be applied on a prospective basis. Retrospective application is permitted. We will adopt the updated accounting guidance in our Annual Report on Form 10-K for the year ended December 31, 2025. We are currently evaluating the impact the adoption of the new accounting guidance will have on our income tax disclosures. 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	3 Months Ended
	Mar. 31, 2024
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 months ended March 31, 2024 and 2023: Three months ended March 31, (in thousands) 2024 2023 License $ - $ - Professional services 5,826 8,341 Processing and maintenance 6,152 5,430 Third party 1,098 985 Total $ 13,076 $ 14,756 Foreign revenues are based on the location of the customer. Revenues from customers by geographic areas for the three months ended March 31, 2024 and 2023 are as follows: Three months ended March 31, (in thousands) 2024 2023 United States $ 12,553 $ 14,340 Middle East 496 391 European Union 27 25 Total $ 13,076 $ 14,756 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 month periods ended March 31, 2024 and 2023. 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 March 31, 2024 2023 Customer A 59 % 70 %

Note 3 - Notes Receivable

Note 3 - Notes Receivable	3 Months Ended
	Mar. 31, 2024
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 had an interest rate of 4.6 percent annually and was paid in full in August 2023. In 2023, we entered into and advanced $650,000 on a Promissory Note with a maturity date of October 2025 and an annual interest rate of 5.25 percent. In the first quarter of 2024, we entered into and advanced a $200,000 Promissory Note with a maturity date of October 2025 and an annual interest rate of 5.25 percent. The carrying value of the current portion of our notes receivable of $240,000 at March 31, 2024 is included in other current assets on the Consolidated Balance Sheets. The carrying value of the noncurrent portion of our note receivable of $505,000 at March 31, 2024 is included in other long-term assets on the Consolidated Balance Sheets.

Note 4 - Investments

Note 4 - Investments	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Investment [Text Block]	4. INVESTMENTS We hold a 26.5 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 $3,668,000 at March 31, 2024, included in investments on the Consolidated Balance Sheets. We account for our investment using the equity method of accounting which resulted in losses of $239,000 and $295,000 for the three months ended March 31, 2024 and 2023, respectively, included in investment income (loss) on the Consolidated Statement of Operations. We evaluate on a continuing basis whether any impairment indicators are present that would require additional analysis or write-downs of the investment. While we have not recorded an impairment related to this investment as of March 31, 2024, variations from current expectations could result in future impairment charges. At March 31, 2024, the carrying value of this investment exceeded our share of the investee’s net asset assets by approximately $2.8 million. Substantially all of this difference is comprised of goodwill and other intangible assets.

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	5. STOCK-BASED COMPENSATION At March 31,2024, we had two Stock Options As of March 31, 2024, there was no no No Options Outstanding and Exercisable: Range of Number Wgt. Avg. Contractual (in years) Wgt. Avg. Aggregate $3.50 ‒ $3.86 13,000 3.0 $ 3.75 $ 94,910 $7.80 8,000 4.2 $ 7.80 $ 26,000 $19.99 30,000 4.8 $ 19.99 $ - $39.11 8,000 5.2 $ 39.11 $ - $3.50 ‒ $39.11 59,000 4.4 $ 17.35 $ 120,910 The estimated fair value of options granted is calculated using the Black-Scholes option pricing model with assumptions as previously disclosed in our 2023 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 first quarter of 2024 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 March 31, 2024. The amount of aggregate intrinsic value will change based on the market value of the Company’s stock. Restricted Stock Units Restricted Stock Units, or RSUs, generally vest at the end of a three-year vesting period. A summary of the Company’s RSU activity was as follows: Number of Restricted Stock Units Weighted-average grant date fair value per share Balance as of December 31, 2023 - $ - Granted 287,484 12.34 Vested - - Canceled and forfeited - - Balance as of March 31, 2024 287,484 $ 12.34 As of March 31, 2024, unrecognized compensation costs related to unvested RSUs was $3.1 million, which we expect to recognize over a weighted-average period of 2.9 years.

Note 6 - Fair Value of Financia

Note 6 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Fair Value, Option [Text Block]	6. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying value of cash, marketable securities, accounts 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 and trade accounts. 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 7 - Fair Value Measurement

Note 7 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	7. 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 following tables present the fair value hierarchy for assets and liabilities measured at fair value: March 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total Fair Value Cash equivalents Money market accounts $ 19,356 $ − $ − $ 19,356 Marketable securities Corporate and municipal debt securities 5,305 − − 5,305 Total assets $ 24,661 $ − $ − $ 24,661 The Company classifies money market funds, commercial paper, U.S. government securities, asset-backed securities and corporate securities within Level 1 or Level 2 of the fair value hierarchy because the Company values these investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. There were no transfers of financial instruments between the fair value hierarchy levels during the three months ended March 31, 2024.

Note 8 - Marketable Securities

Note 8 - Marketable Securities	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	8. MARKETABLE SECURITIES The amortized cost, unrealized gain (loss), and estimated fair value of the Company's investments in securities available for sale consisted of the following: March 31, 2024 (In thousands) Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Marketable securities Corporate and municipal debt securities $ 5,194 $ 115 $ (4 ) $ 5,305 The Company had four not The following table summarizes the stated maturities of the Company’s marketable securities: March 31, 2024 December 31, 2023 (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 1,369 $ 1,416 $ 1,506 $ 1,556 Due after one year through three years 3,825 3,889 3,607 3,674 Total $ 5,194 $ 5,305 $ 5,113 $ 5,230

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
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 2029, one of which was effective April 1, 2024 and therefore not included on the Consolidated Balance Sheet as of March 31, 2024. The remaining operating leases are included in other long-term assets on the Company's March 31, 2024 and December 31, 2023 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 March 31, 2024 and December 31, 2023 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: March 31, 2024 December 31, 2023 Right-of-use asset, net and lease liabilities (in thousands) $ 1,685 $ 2,003 Weighted average remaining lease term (years) 1.8 2.8 Weighted average discount rate 3.4 % 3.4 % For the three months ended March 31, 2024 and 2023, cash paid for operating leases included in operating cash flows was $299,000 and $331,000, respectively. Maturities of our operating lease liabilities as of March 31, 2024 is as follows: Operating Leases (In thousands) 2024 $ 1,094 2025 1,117 2026 1,026 2027 491 2028 405 Thereafter 102 Total lease liabilities $ 4,235 Lease expense for the three months ended March 31, 2024 and 2023 consisted of the following: Three Months Ended March 31, 2024 March 31, 2023 (in thousands) Cost of Revenue $ 176 $ 183 General and Administrative 119 108 Development 4 40 Total $ 299 $ 331 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	3 Months Ended
	Mar. 31, 2024
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.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 5. Other Information During the fiscal quarter ended March 31, 2024, no
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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 month periods ended March 31, 2024 and 2023. The interim results for the three months ended March 31, 2024 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, 2023, as filed in our Annual Report on Form 10-K. There have been no material changes in the Company’s significant accounting policies in the first quarter of 2024, as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”).
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures (Amendments to Topic 280). This standard was issued to improve the disclosures about reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses by requiring disclosure of incremental segment information on an annual and interim basis to enable investors to develop more decision-useful financial analyses. Topic 280 currently requires certain information about its reportable segments. The amendments in the ASU do not change or remove those disclosure requirements. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of the ASU is on a retrospective basis. We will adopt the updated accounting guidance in our Annual Report on Form 10-K for the year ended December 31, 2024. We are currently evaluating the impact the adoption of the new accounting guidance will have on our segment disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This standard was issued to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this ASU address transparency about income tax information through disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this ASU are effective for annual periods beginning after December 15, 2024. The ASU should be applied on a prospective basis. Retrospective application is permitted. We will adopt the updated accounting guidance in our Annual Report on Form 10-K for the year ended December 31, 2025. We are currently evaluating the impact the adoption of the new accounting guidance will have on our income tax disclosures. 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 (Tables)

Note 2 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended March 31, (in thousands) 2024 2023 License $ - $ - Professional services 5,826 8,341 Processing and maintenance 6,152 5,430 Third party 1,098 985 Total $ 13,076 $ 14,756 Three months ended March 31, (in thousands) 2024 2023 United States $ 12,553 $ 14,340 Middle East 496 391 European Union 27 25 Total $ 13,076 $ 14,756
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Three Months Ended March 31, 2024 2023 Customer A 59 % 70 %

Note 5 - Stock-based Compensa_2

Note 5 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Options Outstanding and Exercisable: Range of Number Wgt. Avg. Contractual (in years) Wgt. Avg. Aggregate $3.50 ‒ $3.86 13,000 3.0 $ 3.75 $ 94,910 $7.80 8,000 4.2 $ 7.80 $ 26,000 $19.99 30,000 4.8 $ 19.99 $ - $39.11 8,000 5.2 $ 39.11 $ - $3.50 ‒ $39.11 59,000 4.4 $ 17.35 $ 120,910
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of Restricted Stock Units Weighted-average grant date fair value per share Balance as of December 31, 2023 - $ - Granted 287,484 12.34 Vested - - Canceled and forfeited - - Balance as of March 31, 2024 287,484 $ 12.34

Note 7 - Fair Value Measureme_2

Note 7 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	March 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total Fair Value Cash equivalents Money market accounts $ 19,356 $ − $ − $ 19,356 Marketable securities Corporate and municipal debt securities 5,305 − − 5,305 Total assets $ 24,661 $ − $ − $ 24,661

Note 8 - Marketable Securities

Note 8 - Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Marketable Securities [Table Text Block]	March 31, 2024 (In thousands) Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Marketable securities Corporate and municipal debt securities $ 5,194 $ 115 $ (4 ) $ 5,305
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2024 December 31, 2023 (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 1,369 $ 1,416 $ 1,506 $ 1,556 Due after one year through three years 3,825 3,889 3,607 3,674 Total $ 5,194 $ 5,305 $ 5,113 $ 5,230

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Lease, Cost [Table Text Block]	March 31, 2024 December 31, 2023 Right-of-use asset, net and lease liabilities (in thousands) $ 1,685 $ 2,003 Weighted average remaining lease term (years) 1.8 2.8 Weighted average discount rate 3.4 % 3.4 % Three Months Ended March 31, 2024 March 31, 2023 (in thousands) Cost of Revenue $ 176 $ 183 General and Administrative 119 108 Development 4 40 Total $ 299 $ 331
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating Leases (In thousands) 2024 $ 1,094 2025 1,117 2026 1,026 2027 491 2028 405 Thereafter 102 Total lease liabilities $ 4,235

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue	$ 13,076	$ 14,756
UNITED STATES
Revenue	12,553	14,340
Middle East [Member]
Revenue	496	391
European Union [Member]
Revenue	27	25
License [Member]
Revenue	0	0
Professional Services [Member]
Revenue	5,826	8,341
Processing and Maintenance [Member]
Revenue	6,152	5,430
Third party [Member]
Revenue	$ 1,098	$ 985

Note 2 - Revenue - Concentratio

Note 2 - Revenue - Concentration of Revenue (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration	59%	70%

Note 3 - Notes Receivable (Deta

Note 3 - Notes Receivable (Details Textual) - USD ($)	1 Months Ended		3 Months Ended
	Sep. 30, 2023	Feb. 28, 2021	Mar. 31, 2024	Mar. 31, 2023
Payments to Acquire Notes Receivable	$ 650,000		$ 200,000	$ 0
Notes Receivable, Stated Interest Rate	5.25%		5.25%
Financing Receivable, after Allowance for Credit Loss, Current			$ 240,000
Financing Receivable, after Allowance for Credit Loss, Noncurrent			$ 505,000
Privately-Held Identity and Professional Services Company With Ties to the FinTech Industry [Member]
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
	Mar. 31, 2024	Mar. 31, 2023
Equity Method Investments	$ 3,668,000
Gain (Loss) on Investments	$ 239,000	$ 295,000
Privately-Held Identity and Professional Services Company With Ties to the FinTech Industry [Member]
Equity Method Investment, Ownership Percentage	26.50%
Transfer Advisory Business to New Entity [Member]
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 2,800,000

Note 5 - Stock-based Compensa_3

Note 5 - Stock-based Compensation (Details Textual) shares in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) shares	Sep. 30, 2023 shares	Mar. 31, 2023 USD ($) shares
Number of Stock-based Compensation Plans in Effect	2
Share-Based Payment Arrangement, Expense	$ 160,000		$ 0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | shares	0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares) | shares		0	0
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3,100,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 10 months 24 days

Note 5 - Stock-based Compensa_4

Note 5 - Stock-based Compensation - Stock Options Outstanding and Exercisable (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 3.5
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 39.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares	59,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 4 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 17.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 120,910
Options Outstanding Exercise Price Range1 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 3.5
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 3.86
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares	13,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 94,910
Options Outstanding Exercise Price Range2 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 7.8
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares	8,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 2 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.8
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 26,000
Options Outstanding Exercise Price Range 3 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 19.99
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares	30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 9 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 19.99
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 0
Options Outstanding Exercise Price Range 4 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 39.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares	8,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years 2 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 39.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 0

Note 5 - Stock-based Compensa_5

Note 5 - Stock-based Compensation - Summary of Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Balance (in shares) | shares	0
Balance (in dollars per share) | $ / shares	$ 0
Granted (in shares) | shares	287,484
Granted (in dollars per share) | $ / shares	$ 12.34
Vested (in shares) | shares	0
Vested (in dollars per share) | $ / shares	$ 0
Canceled and forefeited (in shares) | shares	0
Canceled and forefeited (in dollars per share) | $ / shares	$ 0
Balance (in shares) | shares	287,484
Balance (in dollars per share) | $ / shares	$ 12.34

Note 7 - Fair Value Measureme_3

Note 7 - Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Corporate, municipal debt and treasury securities	$ 5,305	$ 5,230
Total assets	24,661
Corporate Debt Securities [Member]
Corporate, municipal debt and treasury securities	5,305
Money Market Funds [Member]
Money market accounts	19,356
Fair Value, Inputs, Level 1 [Member]
Total assets	24,661
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Corporate, municipal debt and treasury securities	5,305
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Money market accounts	$ 19,356

Note 8 - Marketable Securitie_2

Note 8 - Marketable Securities (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	4
Other-than-temporary Impairment Loss, Debt Securities, Available-for-Sale 1	$ 0

Note 8 - Marketable Securitie_3

Note 8 - Marketable Securities - Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost	$ 5,194	$ 5,113
Estimated Fair Value	5,305	$ 5,230
Corporate and Municipal Debt Securities [Member]
Amortized Cost	5,194
Unrealized Gain	115
Unrealized Loss	(4)
Estimated Fair Value	$ 5,305

Note 8 - Marketable Securitie_4

Note 8 - Marketable Securities - Maturity of Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Due within one year, Amortized cost	$ 1,369	$ 1,506
Due within one year, Fair Value	1,416	1,556
Due after one year through three years, Amortized cost	3,825	3,607
Due after one year through three years, Fair Value	3,889	3,674
Amortized Cost	5,194	5,113
Estimated Fair Value	$ 5,305	$ 5,230

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Lease, Payments	$ 299,000	$ 331,000

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingencies - Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Right-of-use asset, net and lease liabilities (in thousands)	$ 1,685		$ 2,003
Lease expense	$ 299	$ 331
Weighted average remaining lease term (years) (Year)	1 year 9 months 18 days		2 years 9 months 18 days
Weighted average discount rate	3.40%		3.40%
Cost of Sales [Member]
Lease expense	$ 176	183
General and Administrative Expense [Member]
Lease expense	119	108
Research and Development Expense [Member]
Lease expense	$ 4	$ 40

Note 9 - Commitments and Cont_5

Note 9 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
2024	$ 1,094
2025	1,117
2026	1,026
2027	491
2028	405
Thereafter	102
Total lease liabilities	$ 4,235

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0