CoreCard (CCRD) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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)		7,901,148
Entity Central Index Key	0000320340
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 22,498	$ 26,918
Marketable securities	5,511	5,230
Accounts receivable, net	7,320	7,536
Other current assets	6,522	4,805
Total current assets	41,851	44,489
Investments	3,632	4,062
Property and equipment, at cost less accumulated depreciation	11,954	11,319
Other long-term assets	5,371	3,956
Total assets	62,808	63,826
Current liabilities:
Accounts payable	1,628	1,557
Deferred revenue, current portion	1,264	2,310
Accrued payroll	2,459	2,172
Accrued expenses	1,050	971
Other current liabilities	2,143	2,530
Total current liabilities	8,544	9,540
Commitments and Contingencies
Noncurrent liabilities:
Deferred revenue, net of current portion	161	265
Other long-term liabilities	372	196
Common stock, $0.01 par value: Authorized shares - 20,000,000; Issued shares – 9,026,940 and 9,016,140 at September 30, 2024 and December 31, 2023, respectively; Outstanding shares – 7,901,148 and 8,295,408 at September 30, 2024 and December 31, 2023, respectively	91	90
Additional paid-in capital	17,479	16,621
Treasury stock, 1,125,792 and 720,732 shares at September 30, 2024 and December 31, 2023, respectively, at cost	(25,825)	(20,359)
Accumulated other comprehensive income (loss)	100	32
Accumulated income	59,842	56,320
Total stockholders’ equity	51,687	52,704
Total liabilities and stockholders’ equity	62,808	63,826
Long-term lease obligation	2,044	1,121
Total noncurrent liabilities	2,577	1,582
Other long-term liabilities	372	196
Common stock, $0.01 par value: Authorized shares - 20,000,000; Issued shares – 9,026,940 and 9,016,140 at September 30, 2024 and December 31, 2023, respectively; Outstanding shares – 7,901,148 and 8,295,408 at September 30, 2024 and December 31, 2023, respectively	91	90
Additional paid-in capital	17,479	16,621
Treasury stock, 1,125,792 and 720,732 shares at September 30, 2024 and December 31, 2023, respectively, at cost	(25,825)	(20,359)
Accumulated other comprehensive income (loss)	100	32
Accumulated income	59,842	56,320
Total stockholders’ equity	51,687	52,704
Total liabilities and stockholders’ equity	$ 62,808	$ 63,826

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Sep. 30, 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, $0.01 par value: Authorized shares - 20,000,000; Issued shares – 9,026,940 and 9,016,140 at September 30, 2024 and December 31, 2023, respectively; (in shares)	9,026,940	9,016,140
Common stock, shares outstanding (in shares)	7,901,148	8,295,408
Treasury Stock, Common, Shares (in shares)	1,125,792	720,732

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue
Total net revenue	$ 15,703	$ 13,399	$ 42,576	$ 43,847
Cost of revenue
Total cost of revenue	8,999	9,279	27,588	28,380
Expenses
Marketing	79	63	309	237
General and administrative	1,339	1,155	4,256	4,220
Development	2,501	2,489	5,961	6,094
Income from operations	2,785	413	4,462	4,916
Investment income (loss)	(90)	(1,015)	(528)	(1,701)
Other income (loss), net	233	308	758	653
Income (loss) before income taxes	2,928	(294)	4,692	3,868
Income tax expense (benefit)	732	(72)	1,170	959
Net income (loss)	$ 2,196	$ (222)	$ 3,522	$ 2,909
Earnings per share:
Basic (in dollars per share)	$ 0.28	$ (0.03)	$ 0.44	$ 0.34
Diluted (in dollars per share)	$ 0.27	$ (0.03)	$ 0.43	$ 0.34
Basic weighted average common shares outstanding (in shares)	7,957,571	8,460,473	8,092,681	8,485,416
Diluted weighted average common shares outstanding (in shares)	8,017,870	8,460,473	8,142,972	8,509,825
Service [Member]
Revenue
Total net revenue	$ 14,283	$ 13,399	$ 41,156	$ 42,053
Cost of revenue
Total cost of revenue	8,999	9,279	27,588	28,380
Product [Member]
Revenue
Total net revenue	1,420	0	1,420	1,794
Cost of revenue
Total cost of revenue	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net (loss) income	$ 2,196	$ (222)	$ 3,522	$ 2,909
Other comprehensive income (loss):
Unrealized gain (loss) on marketable securities	111	11	133	36
Foreign currency translation adjustments	(15)	15	(65)	(32)
Total comprehensive (loss) income	$ 2,292	$ (196)	$ 3,590	$ 2,913

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 (loss) income							1,256	1,256
Unrealized gain (loss) on marketable securities						37		37
Foreign currency translation adjustment						(53)		(53)
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						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, 2022		8,502,735
Balance at Dec. 31, 2022			90	16,471	(16,662)	(61)	52,925	52,763
Net (loss) income								2,909
Unrealized gain (loss) on marketable securities								36
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax								36
Balance (in shares) at Sep. 30, 2023		8,440,356
Balance at Sep. 30, 2023			90	16,621	(18,213)	(57)	55,834	54,275
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
Net (loss) income							1,875	1,875
Unrealized gain (loss) on marketable securities						(12)		(12)
Foreign currency translation adjustment						6		6
Common stock repurchased* (in shares)	[1]	(18,075)
Common stock repurchased*	[1]				(443)			$ (443)
Stock compensation expense (in shares)		6,021						150
Stock compensation expense			0	150
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						(12)		$ (12)
Foreign currency translation adjustment						6		$ 6
Common stock repurchased, including excise tax* (in shares)	[1]	18,075
Stock compensation expense (in shares)		6,021						150
Stock compensation expense			0	150
Balance (in shares) at Jun. 30, 2023		8,490,681
Balance at Jun. 30, 2023			90	16,621	(17,105)	(83)	56,056	$ 55,579
Net (loss) income							(222)	(222)
Unrealized gain (loss) on marketable securities						11		11
Foreign currency translation adjustment						15		15
Common stock repurchased* (in shares)	[1]	(50,325)
Common stock repurchased*	[1]				(1,108)			(1,108)
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						11		11
Foreign currency translation adjustment						15		15
Common stock repurchased, including excise tax* (in shares)	[1]	50,325
Balance (in shares) at Sep. 30, 2023		8,440,356
Balance at Sep. 30, 2023			90	16,621	(18,213)	(57)	55,834	54,275
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 (loss) income							430	430
Unrealized gain (loss) on marketable securities						5		5
Foreign currency translation adjustment						(2)		(2)
Common stock repurchased* (in shares)	[1]	(134,650)
Common stock repurchased*	[1]				(1,647)			(1,647)
Stock compensation expense				160				160
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						5		5
Foreign currency translation adjustment						(2)		(2)
Common stock repurchased, including excise tax* (in shares)	[1]	134,650
Stock compensation expense				160				160
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
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 (loss) income								3,522
Unrealized gain (loss) on marketable securities								133
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax								133
Balance (in shares) at Sep. 30, 2024		7,901,148
Balance at Sep. 30, 2024			91	17,479	(25,825)	100	59,842	51,687
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
Net (loss) income							896	896
Unrealized gain (loss) on marketable securities						17		17
Foreign currency translation adjustment						(48)		(48)
Common stock repurchased* (in shares)	[1]	147,040
Common stock repurchased*	[1]				(2,091)			(2,091)
Stock compensation expense (in shares)		10,800
Stock compensation expense				424				425
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						17		17
Foreign currency translation adjustment						(48)		(48)
Common stock repurchased, including excise tax* (in shares)	[1]	(147,040)
Stock compensation expense (in shares)		10,800
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture			1
Stock compensation expense				424				425
Balance (in shares) at Jun. 30, 2024		8,024,518
Balance at Jun. 30, 2024			91	17,205	(24,097)	4	57,646	50,849
Net (loss) income							2,196	2,196
Unrealized gain (loss) on marketable securities						111		111
Foreign currency translation adjustment						(15)		(15)
Common stock repurchased* (in shares)	[1]	123,370
Common stock repurchased*	[1]				(1,728)			(1,728)
Stock compensation expense				274				274
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax						111		111
Foreign currency translation adjustment						(15)		(15)
Common stock repurchased, including excise tax* (in shares)	[1]	(123,370)
Stock compensation expense				274				274
Balance (in shares) at Sep. 30, 2024		7,901,148
Balance at Sep. 30, 2024			$ 91	$ 17,479	$ (25,825)	$ 100	$ 59,842	$ 51,687
[1]*At September 30, 2024, approximately $9.3 million was authorized for future repurchases of our common stock.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
OPERATING ACTIVITIES:
Net (loss) income	$ 2,196,000	$ 430,000	$ (222,000)	$ 1,256,000	$ 3,522,000	$ 2,909,000
us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract
Depreciation and amortization					2,776,000	5,011,000
Stock-based compensation expense					859,000	150,000
Deferred income taxes					(260,000)	69,000
Non-cash investment loss (income)					0	1,000,000
Equity in loss of affiliate company					528,000	701,000
Changes in operating assets and liabilities:
Accounts receivable, net					216,000	7,345,000
Other current assets					(1,717,000)	(2,329,000)
Other long-term assets					17,000	563,000
Accounts payable					388,000	(78,000)
Accrued payroll					287,000	53,000
Deferred revenue, current portion					(1,046,000)	2,649,000
Accrued expenses					79,000	281,000
Other current liabilities					(506,000)	40,000
Deferred revenue, net of current portion					(104,000)	(112,000)
Net cash provided by operating activities					5,039,000	18,252,000
INVESTING ACTIVITIES:
Purchases of property and equipment					(3,733,000)	(4,845,000)
Advances on notes and interest receivable		(200,000)			(200,000)	(450,000)	$ (650,000)
Proceeds from payments on notes receivable					152,000	147,000
Purchase of marketable securities					1,831,000	1,776,000
Maturities of marketable securities					1,728,000	1,602,000
Purchase of long-term investment					(98,000)	(155,000)
Net cash used for investing activities					(3,982,000)	(5,477,000)
FINANCING ACTIVITIES:
Repurchases of common stock					5,412,000	1,528,000
Net cash used for financing activities					(5,412,000)	(1,528,000)
Effects of exchange rate changes on cash					(65,000)	(32,000)
Net increase (decrease) in cash					(4,420,000)	11,215,000
Cash at beginning of period		$ 26,918,000		$ 20,399,000	26,918,000	20,399,000	20,399,000
Cash at end of period	$ 22,498,000		$ 31,614,000		22,498,000	31,614,000	$ 26,918,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for income taxes					1,070,000	168,000
Purchases of property and equipment, accrued but not paid					$ 144,000	$ 0

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 (“GAAP”) 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 nine month periods ended September 30, 2024 and 2023. The interim results for the three and nine months ended September 30, 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 during the first nine months 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	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 License $ 1,420 $ - $ 1,420 $ 1,794 Professional services 7,006 6,432 19,805 22,127 Processing and maintenance 6,067 5,814 17,912 16,933 Third party 1,210 1,153 3,439 2,993 Total $ 15,703 $ 13,399 $ 42,576 $ 43,847 Foreign revenues are based on the location of the customer. Revenues from customers by geographic area for the three and nine months ended September 30, 2024 and 2023 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 United States $ 14,997 $ 12,777 $ 40,754 $ 42,307 Middle East 678 588 1,740 1,452 European Union 28 34 82 88 Total $ 15,703 $ 13,399 $ 42,576 $ 43,847 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 nine month periods ended September 30, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A 64 % 62 % 62 % 68 %

Note 3 - Notes Receivable

Note 3 - Notes Receivable	9 Months Ended
	Sep. 30, 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 September 30, 2024, is included in other current assets on the Consolidated Balance Sheets. The carrying value of the noncurrent portion of our note receivable of $403,000 as of September 30, 2024 is included in other long-term assets on the Consolidated Balance Sheets.

Note 4 - Investments

Note 4 - Investments	9 Months Ended
	Sep. 30, 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 $3,378,000 at September 30, 2024, included in investments on the Consolidated Balance Sheets. We account for this investment using the equity method of accounting which resulted in losses of $90,000 and $528,000 for the three and nine months ended September 30, 2024, respectively, and losses of $15,000 and $701,000 for the three and nine months ended September 30, 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 September 30, 2024, variations from current expectations could result in future impairment charges. At September 30, 2024, the carrying value of this investment exceeded our share of the investee’s net assets by approximately $2.8 million. Substantially all of this difference is comprised of goodwill and other intangible assets. In the second quarter of 2021, we invested $1,000,000 in a privately held company that provides supply chain and receivables financing. During the third quarter of 2023, due to the failure of the business to successfully monetize its product offerings, we recorded an impairment charge of $1,000,000 included in investment income (loss) on the Consolidated Statement of Operations, to reduce the carrying value of the investee company to $0 as of September 30, 2023. In the third quarter of 2024, after the investee company signed its first revenue contracts, we invested an additional $98,000 as part of a Series A-2 financing.

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	5. STOCK-BASED COMPENSATION At September 30, 2024, we had two Stock Options As of September 30, 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 2.5 $ 3.75 $ 140,020 $7.80 8,000 3.7 $ 7.80 $ 53,760 $19.99 30,000 4.3 $ 19.99 $ - $39.11 8,000 4.7 $ 39.11 $ - $3.50 - $39.11 59,000 3.9 $ 17.35 $ 193,780 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 third 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 September 30, 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 287,485 12.34 Vested - - Canceled and forfeited (2,473 ) 12.34 Balance as of September 30, 2024 285,012 $ 12.34 As of September 30, 2024, unrecognized compensation costs related to unvested RSUs was $2.6 million, which we expect to recognize over a weighted-average period of 2.4 years. In October 2024, we granted an additional 198,912 RSUs to long-term employees at a grant date fair value of $2.6 million that vest at the end of a three-year vesting period.

Note 6 - Fair Value of Financia

Note 6 - Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value, Option [Text Block]	6. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying value of cash and cash equivalents, 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 7 - Fair Value Measurement

Note 7 - Fair Value Measurements	9 Months Ended
	Sep. 30, 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: September 30, 2024 (In thousands) Level 1 Level 2 Level 3 Total Fair Value Cash equivalents Money market accounts $ 16,805 $ − $ − $ 16,805 Marketable securities Corporate, municipal debt and treasury securities 5,511 − − 5,511 Total assets $ 22,316 $ − $ − $ 22,316 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 nine months ended September 30, 2024 or 2023.

Note 8 - Marketable Securities

Note 8 - Marketable Securities	9 Months Ended
	Sep. 30, 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: September 30, 2024 (In thousands) Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Marketable securities Corporate, municipal debt and treasury securities $ 5,321 $ 190 $ − $ 5,511 The Company had one not The following table summarizes the stated maturities of the Company’s marketable securities: September 30, 2024 December 31, 2023 (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 1,229 $ 1,271 $ 1,506 $ 1,556 Due after one year through three years 4,092 4,240 3,607 3,674 Total $ 5,321 $ 5,511 $ 5,113 $ 5,230

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 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. These operating leases are included in other long-term assets on the Company’s September 30, 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 September 30, 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: September 30, 2024 December 31, 2023 Right-of-use asset, net and lease liabilities (in thousands) $ 3,049 $ 2,003 Weighted average remaining lease term (years) 3.4 2.8 Weighted average discount rate 6.4 % 3.4 % For the nine-months ended September 30, 2024 and 2023, cash paid for operating leases included in operating cash flows was $1,005,000 and $994,000, respectively. Maturities of our operating lease liabilities as of September 30, 2024 is as follows: Operating Leases (in thousands) 2024 $ 362 2025 1,133 2026 1,045 2027 521 2028 440 Thereafter 111 Total lease liabilities $ 3,612 Lease expense for the three and nine months ended September 30, 2024 and 2023 consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Cost of Revenue $ 209 $ 187 $ 594 $ 557 General and Administrative 121 116 359 339 Development 32 28 68 109 Total $ 362 $ 331 $ 1,021 $ 1,005 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 5. Other Information During the fiscal quarter ended September 30, 2024, no
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 (“GAAP”) 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 nine month periods ended September 30, 2024 and 2023. The interim results for the three and nine months ended September 30, 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 during the first nine months 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)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 License $ 1,420 $ - $ 1,420 $ 1,794 Professional services 7,006 6,432 19,805 22,127 Processing and maintenance 6,067 5,814 17,912 16,933 Third party 1,210 1,153 3,439 2,993 Total $ 15,703 $ 13,399 $ 42,576 $ 43,847 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 United States $ 14,997 $ 12,777 $ 40,754 $ 42,307 Middle East 678 588 1,740 1,452 European Union 28 34 82 88 Total $ 15,703 $ 13,399 $ 42,576 $ 43,847
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A 64 % 62 % 62 % 68 %

Note 5 - Stock-based Compensa_2

Note 5 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 2.5 $ 3.75 $ 140,020 $7.80 8,000 3.7 $ 7.80 $ 53,760 $19.99 30,000 4.3 $ 19.99 $ - $39.11 8,000 4.7 $ 39.11 $ - $3.50 - $39.11 59,000 3.9 $ 17.35 $ 193,780
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 287,485 12.34 Vested - - Canceled and forfeited (2,473 ) 12.34 Balance as of September 30, 2024 285,012 $ 12.34

Note 7 - Fair Value Measureme_2

Note 7 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	September 30, 2024 (In thousands) Level 1 Level 2 Level 3 Total Fair Value Cash equivalents Money market accounts $ 16,805 $ − $ − $ 16,805 Marketable securities Corporate, municipal debt and treasury securities 5,511 − − 5,511 Total assets $ 22,316 $ − $ − $ 22,316

Note 8 - Marketable Securities

Note 8 - Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Marketable Securities [Table Text Block]	September 30, 2024 (In thousands) Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Marketable securities Corporate, municipal debt and treasury securities $ 5,321 $ 190 $ − $ 5,511
Investments Classified by Contractual Maturity Date [Table Text Block]	September 30, 2024 December 31, 2023 (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 1,229 $ 1,271 $ 1,506 $ 1,556 Due after one year through three years 4,092 4,240 3,607 3,674 Total $ 5,321 $ 5,511 $ 5,113 $ 5,230

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Lease, Cost [Table Text Block]	September 30, 2024 December 31, 2023 Right-of-use asset, net and lease liabilities (in thousands) $ 3,049 $ 2,003 Weighted average remaining lease term (years) 3.4 2.8 Weighted average discount rate 6.4 % 3.4 % Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Cost of Revenue $ 209 $ 187 $ 594 $ 557 General and Administrative 121 116 359 339 Development 32 28 68 109 Total $ 362 $ 331 $ 1,021 $ 1,005
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating Leases (in thousands) 2024 $ 362 2025 1,133 2026 1,045 2027 521 2028 440 Thereafter 111 Total lease liabilities $ 3,612

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue	$ 15,703	$ 13,399	$ 42,576	$ 43,847
UNITED STATES
Revenue	14,997	12,777	40,754	42,307
Middle East [Member]
Revenue	678	588	1,740	1,452
European Union [Member]
Revenue	28	34	82	88
License [Member]
Revenue	1,420	0	1,420	1,794
Professional Services [Member]
Revenue	7,006	6,432	19,805	22,127
Processing and Maintenance [Member]
Revenue	6,067	5,814	17,912	16,933
Third party [Member]
Revenue	$ 1,210	$ 1,153	$ 3,439	$ 2,993

Note 2 - Revenue - Concentratio

Note 2 - Revenue - Concentration of Revenue (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration	64%	62%	62%	68%

Note 3 - Notes Receivable (Deta

Note 3 - Notes Receivable (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Feb. 28, 2021	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Payments to Acquire Notes Receivable		$ 200,000	$ 200,000	$ 450,000	$ 650,000
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			$ 403,000
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		6 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2021	Sep. 30, 2024	Sep. 30, 2023
Equity Method Investments	$ 3,378,000			$ 3,378,000
Gain (Loss) on Investments	90,000	$ 15,000		528,000	$ 701,000
Gain (Loss) on Investments	$ (90,000)	(15,000)		(528,000)	(701,000)
Payments to Acquire Investments				$ 98,000
Privately-Held Identity and Professional Services Company With Ties to the FinTech Industry [Member]
Equity Method Investment, Ownership Percentage	26.50%			26.50%
Transfer Advisory Business to New Entity [Member]
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 2,800,000			$ 2,800,000
Privately Held Company Providing Supply Chain and Receivables Financing [Member]
Equity Method Investments		$ 0			0
Payments to Acquire Investments			$ 1,000,000
Asset Impairment Charges					$ 1,000,000

Note 5 - Stock-based Compensa_3

Note 5 - Stock-based Compensation (Details Textual)		3 Months Ended		9 Months Ended
	Oct. 30, 2024 USD ($) shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)
Number of Stock-based Compensation Plans in Effect		2		2
Share-Based Payment Arrangement, Expense | $		$ 274,000	$ 0	$ 859,000	$ 150,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | shares				0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $		$ 0		$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares) | shares		0
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 2,600,000	$ 2,600,000		$ 2,600,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				2 years 4 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period | shares	198,912

Note 5 - Stock-based Compensa_4

Note 5 - Stock-based Compensation - Stock Options Outstanding and Exercisable (Details)	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit (in dollars per share)	$ 3.5
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share)	$ 39.11
Share-Based Payment Arrangement, Options, Outstanding, Number (in shares) | shares	59,000
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	3 years 10 months 24 days
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 17.35
Share-Based Payment Arrangement, Options, Outstanding, Intrinsic Value | $	$ 193,780
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	3 years 10 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 | $	$ 193,780
Options Outstanding Exercise Price Range1 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit (in dollars per share)	$ 3.5
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share)	$ 3.86
Share-Based Payment Arrangement, Options, Outstanding, Number (in shares) | shares	13,000
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	2 years 6 months
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 3.75
Share-Based Payment Arrangement, Options, Outstanding, Intrinsic Value | $	$ 140,020
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	2 years 6 months
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 | $	$ 140,020
Options Outstanding Exercise Price Range2 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share)	$ 7.8
Share-Based Payment Arrangement, Options, Outstanding, Number (in shares) | shares	8,000
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	3 years 8 months 12 days
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 7.8
Share-Based Payment Arrangement, Options, Outstanding, Intrinsic Value | $	$ 53,760
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	3 years 8 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 | $	$ 53,760
Options Outstanding Exercise Price Range 3 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share)	$ 19.99
Share-Based Payment Arrangement, Options, Outstanding, Number (in shares) | shares	30,000
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	4 years 3 months 18 days
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 19.99
Share-Based Payment Arrangement, Options, Outstanding, Intrinsic Value | $	$ 0
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 3 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 (in dollars per share)	$ 39.11
Share-Based Payment Arrangement, Options, Outstanding, Number (in shares) | shares	8,000
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	4 years 8 months 12 days
Share-Based Payment Arrangement, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 39.11
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	4 years 8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 39.11

Note 5 - Stock-based Compensa_5

Note 5 - Stock-based Compensation - Summary of Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Balance (in shares) | shares	0
Balance (in dollars per share) | $ / shares	$ 0
Granted (in shares) | shares	287,485
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	(2,473)
Canceled and forefeited (in dollars per share) | $ / shares	$ 12.34
Balance (in shares) | shares	285,012
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	Sep. 30, 2024	Dec. 31, 2023
Corporate, municipal debt and treasury securities	$ 5,511	$ 5,230
Total assets	22,316
Corporate Debt Securities [Member]
Corporate, municipal debt and treasury securities	5,511
Money Market Funds [Member]
Money market accounts	16,805
Fair Value, Inputs, Level 1 [Member]
Total assets	22,316
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Corporate, municipal debt and treasury securities	5,511
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Money market accounts	$ 16,805

Note 8 - Marketable Securitie_2

Note 8 - Marketable Securities (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	6
Other-than-temporary Impairment Loss, Debt Securities, Available-for-Sale 1	$ 0	$ 0

Note 8 - Marketable Securitie_3

Note 8 - Marketable Securities - Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost	$ 5,321	$ 5,113
Corporate, municipal debt and treasury securities	5,511	$ 5,230
Corporate and Municipal Debt Securities [Member]
Amortized Cost	5,321
Unrealized Gain	190
Corporate, municipal debt and treasury securities	$ 5,511

Note 8 - Marketable Securitie_4

Note 8 - Marketable Securities - Maturity of Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Due within one year, Amortized cost	$ 1,229	$ 1,506
Due within one year, Fair Value	1,271	1,556
Due after one year through three years, Amortized cost	4,092	3,607
Due after one year through three years, Fair Value	4,240	3,674
Amortized Cost	5,321	5,113
Fair Value	$ 5,511	$ 5,230

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Lease, Payments	$ 1,005,000	$ 994,000

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingencies - Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Right-of-use asset, net and lease liabilities (in thousands)	$ 3,049		$ 3,049		$ 2,003
Lease expense	$ 362	$ 331	$ 1,021	$ 1,005
Weighted average remaining lease term (years) (Year)	3 years 4 months 24 days		3 years 4 months 24 days		2 years 9 months 18 days
Weighted average discount rate	6.40%		6.40%		3.40%
Cost of Sales [Member]
Lease expense	$ 209	187	$ 594	557
General and Administrative Expense [Member]
Lease expense	121	116	359	339
Research and Development Expense [Member]
Lease expense	$ 32	$ 28	$ 68	$ 109

Note 9 - Commitments and Cont_5

Note 9 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2024	$ 362
2025	1,133
2026	1,045
2027	521
2028	440
Thereafter	111
Total lease liabilities	$ 3,612

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0