Premium finance contracts and related receivable, net of allowance for credit losses of 2,514,737 and 2,202,768 at june 30, 2026 and december 31, 2025, respectively
86,525,494
79,265,444
73,532,852
70,062,142
Prepaid expenses and other current assets
1,645,803
1,672,112
424,903
361,256
Total current assets
88,191,985
80,948,165
73,958,941
70,437,541
Property and equipment, net
124,509
135,801
105,664
115,475
Operating lease assets
102,416
127,281
177,423
145,653
Finance lease assets
5,524
8,838
15,466
18,780
Cash surrender value of life insurance
785,511
774,706
757,725
722,714
Deferred tax asset
651,000
599,000
556,000
541,000
Total other assets
1,436,511
1,373,706
1,313,725
1,263,714
Total assets
89,860,945
82,593,791
75,571,219
71,981,163
Cash overdraft
249,056
510,552
619,825
0
Line of credit, net
61,835,009
54,026,565
48,077,195
44,409,474
Drafts payable
3,718,870
4,473,397
4,289,644
4,493,017
Note payable - current portion
1,806,180
859,000
3,411,979
4,368,184
Other loans - current portion
-
-
-
0
Note payable - stockholders and related parties - current portion
-
1,185,000
1,265,000
290,000
Operating lease obligation - current portion
75,048
94,825
107,097
97,163
Finance lease obligation - current portion
6,303
9,934
14,431
14,243
Accrued expenses and other current liabilities
2,825,270
2,841,010
1,994,689
2,032,194
Total current liabilities
70,515,736
64,000,283
59,779,860
55,704,275
Note payable, net of current portion
7,176,245
7,977,925
5,559,989
4,866,319
Finance lease obligation, net of current portion
-
-
2,625
6,303
Note payable - stockholders and related parties, net of current portion
2,628,500
1,383,500
1,363,500
2,814,040
Life insurance policy loan
497,361
494,392
651,782
649,899
Operating lease obligation, net of current portion
27,368
32,456
70,326
48,489
Total long-term liabilities
10,329,474
9,888,273
7,648,222
8,385,050
Total liabilities
80,845,210
73,888,556
67,428,082
64,089,325
Preferred stock, par value 0.001 per share 20 million shares authorized, 600,000 shares designated as series a - convertible, 166,000 issued and outstanding at june 30, 2026 and december 31, 2025
166
166
166
166
Common stock, par value 0.001 per share 100 million shares authorized,2,930,726 and 3,001,216 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively
2,931
2,940
3,001
3,001
Additional paid in capital
3,514,470
3,514,577
3,511,465
3,507,140
Retained earnings
5,498,168
5,187,552
4,628,505
4,381,531
Total stockholders' equity
9,015,735
8,705,235
8,143,137
7,891,838
Total liabilities and stockholders' equity
89,860,945
82,593,791
75,571,219
71,981,163
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
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