CREDITRISKMONITOR COM INC, 10-Q filed on 08 May 25
 | XBRL Documents
v3.25.1
Document And Entity Information - shares
 3 Months Ended
Mar. 31, 2025
May 08, 2025
Document Information Line Items    
Entity Central Index Key 0000315958  
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Fiscal Year Focus 2025  
Document Transition Report false  
Entity File Number 1-8601  
Entity Registrant Name CreditRiskMonitor.com, Inc.  
Entity Incorporation, State or Country Code NV  
Entity Tax Identification Number 36-2972588  
Entity Address, Address Line One 704 Executive Boulevard  
Entity Address, Address Line Two Suite A  
Entity Address, City or Town Valley Cottage  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10989  
City Area Code 845  
Local Phone Number 230-3000  
Entity Interactive Data Current Yes  
Entity Current Reporting Status 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   10,722,401
Amendment Flag false  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
v3.25.1
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,837,195 $ 6,674,473
Held-to-maturity securities 1,488,665 2,467,475
Accounts receivable, net of allowance for credit losses of $30,000 3,896,950 3,631,018
Other current assets 1,056,602 929,512
Total current assets 12,279,412 13,702,478
Held-to-maturity securities 9,784,000 8,758,000
Property and equipment, net 417,840 497,560
Goodwill 1,954,460 1,954,460
Total assets 24,435,712 24,912,498
Current liabilities:    
Unexpired subscription revenue 10,991,469 10,886,860
Accounts payable 188,455 319,717
Accrued expenses 1,161,998 1,931,281
Total current liabilities 12,341,922 13,137,858
Deferred taxes on income, net 481,420 481,420
Unexpired subscription revenue, less current portion 284,277 151,474
Total liabilities 13,107,619 13,770,752
Stockholders’ equity:    
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued 0 0
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 shares 107,224 107,224
Additional paid-in capital 30,134,016 30,106,731
Accumulated deficit (18,913,147) (19,072,209)
Total stockholders’ equity 11,328,093 11,141,746
Total liabilities and stockholders’ equity $ 24,435,712 $ 24,912,498
v3.25.1
CONDENSED BALANCE SHEETS (Parentheticals) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Accounts receivable, allowance (in Dollars) $ 30,000 $ 30,000
Preferred stock, par value (in Dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 5,000,000 5,000,000
Preferred stock, issued (in shares) 0 0
Common stock, par value (in Dollars per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 32,500,000 32,500,000
Common stock, issued (in shares) 10,722,401 10,722,401
Common stock, outstanding (in shares) 10,722,401 10,722,401
v3.25.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONDENSED STATEMENTS OF OPERATIONS [Abstract]    
Operating revenues $ 4,871,412 $ 4,808,707
Operating expenses:    
Data and product costs 2,283,374 2,197,777
Selling, general and administrative expenses 2,476,951 2,553,601
Depreciation and amortization 85,720 93,170
Total operating expenses 4,846,045 4,844,548
Income (loss) from operations 25,367 (35,841)
Other income, net 180,833 201,759
Income before income taxes 206,200 165,918
Provision for income taxes (47,138) (38,511)
Net income $ 159,062 $ 127,407
Net income per share – Basic (in Dollars per share) $ 0.01 $ 0.01
Net income per share - Diluted (in Dollars per share) $ 0.01 $ 0.01
Weighted average number of common shares outstanding - Basic (in Shares) 10,722,401 10,722,401
Weighted average number of common shares outstanding - Diluted (in Shares) 10,831,979 10,766,909
v3.25.1
CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2023 $ 107,224 $ 30,007,773 $ (20,747,111) $ 9,367,886
Balance (in Shares) at Dec. 31, 2023 10,722,401      
Net income $ 0 0 127,407 127,407
Stock-based compensation 0 24,993 0 24,993
Balance at Mar. 31, 2024 $ 107,224 30,032,766 (20,619,704) 9,520,286
Balance (in Shares) at Mar. 31, 2024 10,722,401      
Balance at Dec. 31, 2024 $ 107,224 30,106,731 (19,072,209) $ 11,141,746
Balance (in Shares) at Dec. 31, 2024 10,722,401     10,722,401
Net income $ 0 0 159,062 $ 159,062
Stock-based compensation 0 27,285 0 27,285
Balance at Mar. 31, 2025 $ 107,224 $ 30,134,016 $ (18,913,147) $ 11,328,093
Balance (in Shares) at Mar. 31, 2025 10,722,401     10,722,401
v3.25.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 159,062 $ 127,407
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of bond discount (53,499) (43,704)
Depreciation and amortization 85,720 93,170
Operating lease right-of-use asset, net 0 1,305
Stock-based compensation 27,285 24,993
Changes in operating assets and liabilities:    
Accounts receivable, net (265,932) 148,454
Other current assets (127,090) (17,975)
Unexpired subscription revenue 237,412 969,166
Accounts payable (131,262) 96,225
Accrued expenses (769,283) (790,267)
Net cash (used in) provided by operating activities (837,587) 608,774
Cash flows from investing activities:    
Proceeds from held-to-maturity securities 985,000 940,000
Purchase of held-to-maturity securities (978,691) (940,329)
Purchase of property and equipment (6,000) (197,264)
Net cash provided by (used in) investing activities 309 (197,593)
Net (decrease) increase in cash and cash equivalents (837,278) 411,181
Cash and cash equivalents at beginning of period 6,674,473 11,004,937
Cash and cash equivalents at end of period $ 5,837,195 $ 11,416,118
v3.25.1
Overview and Basis of Presentation
 3 Months Ended
Mar. 31, 2025
Overview and Basis of Presentation [Abstract]  
Overview and Basis of Presentation
(1) Overview and Basis of Presentation
 
CreditRiskMonitor.com, Inc. (the “Company” or “CreditRiskMonitor.com”) provides interactive business-to-business Software-as-a-Service (“SaaS”) subscription products designed specifically for credit and supply chain managers. These products are sold predominantly to corporations located in the United States.
 
The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures required by generally accepted accounting principles (“GAAP”) in the United States for complete financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying unaudited condensed financial statements reflect all material adjustments, including normal recurring accruals, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods presented, and have been prepared in a manner consistent with the audited financial statements for the fiscal year ended December 31, 2024.
 
The results of operations for the three months ended March 31, 2025 and 2024 are not necessarily indicative of the results for an entire fiscal year.
 
The December 31, 2024 condensed balance sheet has been derived from the audited financial statements at that date, but does not include all disclosures required by GAAP for complete financial statements. These condensed financial statements should be read in conjunction with the audited financial statements and the footnotes for the fiscal year ended December 31, 2024 included in the Company’s Annual Report on Form 10-K.
v3.25.1
Recently Issued Accounting Standards
 3 Months Ended
Mar. 31, 2025
Recently Issued Accounting Standards [Abstract]  
Recently Issued Accounting Standards
(2) Recently Issued Accounting Standards
 
In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment. All disclosure requirements under ASU 2023-07 are also required for public entities with a single reportable segment. The Company adopted ASU 2023-07 on January 1, 2024 (see Note 9).
 
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which provides for improvements to income tax disclosures primarily related to rate reconciliation and income taxes paid by jurisdiction. This guidance is effective for annual reporting periods beginning after December 15, 2024. The Company is currently evaluating the effects of this pronouncement on its financial statements.
 
In November 2024, the FASB issued ASU 2024-03, Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), to improve disclosures about a public entity’s expenses by requiring disclosure of additional information about the types of expenses commonly presented in the financial statements on an annual and interim basis. The guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this update on its financial statements.
v3.25.1
Revenue Recognition
 3 Months Ended
Mar. 31, 2025
Revenue Recognition [Abstract]  
Revenue Recognition
(3) Revenue Recognition
 
The Company applies FASB Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), to recognize revenue. ASC 606 requires an entity to apply the following five-step approach: (1) identify the contract(s) with a customer; (2) identify each performance obligation in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation; and (5) recognize revenue when or as each performance obligation is satisfied. The Company’s primary source of revenue is subscription income which is recognized ratably over the subscription term.
v3.25.1
Stock-Based Compensation
 3 Months Ended
Mar. 31, 2025
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
(4) Stock-Based Compensation
 
The Company applies ASC 718, Compensation-Stock Compensation (Topic 718) (“ASC 718”), to account for stock-based compensation.
 
The following table summarizes the stock-based compensation expense for stock options that was recorded in the Company’s results of operations in accordance with ASC 718 for the three months ended March 31:
           
  3 Months Ended
  March 31,
    2025       2024  
           
Data and product costs
$8,546    $7,594 
Selling, general and administrative expenses
 18,739     17,399 
           
  $27,285    $24,993 
v3.25.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Fair Value Measurements
(5) Fair Value Measurements
 
The Company’s cash, cash equivalents and marketable securities are stated at fair value. The carrying value of accounts receivable, other current assets, accounts payable, and accrued expenses approximates fair market value because of the short maturity of these financial instruments.
 
The Company’s cash equivalents are generally classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices.
 
All held-to-maturity securities as of March 31, 2025 and December 31, 2024 were U.S. Treasury securities. Investments in these government securities are based on quoted market prices in active markets, and are included in the Level 1 fair value hierarchy.
 
The tables below set forth the Company’s cash and cash equivalents, as well as marketable securities as of March 31, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
 
                       
  March 31, 2025
    Level 1       Level 2       Level 3       Total  
                       
Cash and cash equivalents
$5,837,195    $−    $−    $5,837,195 
Held-to-maturity securities
 11,272,665      −       −      11,272,665 
  $17,109,860    $−    $−    $17,109,860 
                       
  December 31, 2024
    Level 1       Level 2       Level 3       Total  
                       
Cash and cash equivalents
$6,674,473    $−    $−    $6,674,473 
Held-to-maturity securities
 11,225,475      −       −      11,225,475 
  $17,899,948    $−    $−    $17,899,948 
 
The Company did not hold financial assets and liabilities which were recorded at fair value in the Level 2 or 3 categories as of March 31, 2025.
 
The preceding methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
v3.25.1
Marketable Securities
 3 Months Ended
Mar. 31, 2025
Marketable Securities [Abstract]  
Marketable Securities
(6) Marketable Securities
 
Based upon the Company’s intent and ability to hold its U.S. Treasury securities to maturity, such securities have been classified as held-to-maturity and are carried at amortized cost, which approximates fair market value. Maturities on these U.S. Treasury security holdings range from 12 to 25 months from the date of purchase. Accrued bond interest receivable as of March 31, 2025 and December 31, 2024 is $65,279 and $79,497, respectively.
 
The tables below summarize the Company’s cost and fair value of marketable securities as of March 31, 2025 and December 31, 2024:
            
                 
  March 31, 2025
    Amortized Cost       Gross Unrealized Gain       Fair Value  
Held-to-maturity securities
               
U.S. Treasury securities
$11,272,665    $221,335    $11,494,000 
            
                 
  December 31, 2024
    Amortized Cost       Gross Unrealized Gain       Fair Value  
Held-to-maturity securities
               
U.S. Treasury securities
$11,225,475    $227,525    $11,453,000 
 
Maturities of marketable securities were as follows as of March 31, 2025 and December 31, 2024:
 
        
    March 31,       December 31,  
    2025       2024  
           
Held-to-maturity securities:
 
 
     
 
 
Due in one year or less
$1,488,665    $2,467,475 
Due in 12 – 25 months
 9,784,000     8,758,000 
           
  $11,272,665    $11,225,475 
 
The Company’s investments in marketable securities consist of investments in U.S. Treasury securities. Market values were determined for each individual security in the investment portfolio.
Management evaluates securities for other-than-temporary impairment at least on an annual basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Management has determined that no other-than-temporary impairment exists as of March 31, 2025.
v3.25.1
Net Income per Share
 3 Months Ended
Mar. 31, 2025
Net Income per Share [Abstract]  
Net Income per Share
(7) Net Income per Share
 
Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.
 
        
           
  3 Months Ended
  March 31,
    2025       2024  
           
Weighted average common shares outstanding – basic
 10,722,401     10,722,401 
Potential shares exercisable under stock option plans
 341,950     258,000 
Less: Shares which could be repurchased under treasury stock method
 (232,372)     (213,492) 
 
          
Weighted average common shares outstanding – diluted  10,831,979     10,766,909 
 
For the three months ended March 31, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 611,850 stock options, since their inclusion would be anti-dilutive as their exercise prices were above average market value.
 
For the three months ended March 31, 2024, the computation of diluted net income per share excludes the effects of the assumed exercise of 529,900 stock options, since their inclusion would be anti-dilutive as their exercise prices were above average market value.
v3.25.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
(8) Commitments and Contingencies
 
From time to time, the Company is involved in various legal proceedings arising in the ordinary course of business. The Company records a liability when it believes that a loss will be incurred and the amount of loss or range of loss can be reasonably estimated. Based on the currently available information, the Company does not believe that there are claims or legal proceedings that would have a material adverse effect on the business, or the condensed financial statements of the Company.
v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting
(9) Segment Reporting
 
The Company has a single operating and reportable segment: SaaS subscription products. This segment includes add-ons and enhancements that can only be accessed with an active base subscription to its SaaS subscription products. The products are used mainly by subscribers to analyze commercial financial risk for the purpose of extending trade credit and managing the counterparty risk associated with these relationships.
 
The Company’s CODM is its Chief Executive Officer and President. The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.
           
  3 Months Ended
  March 31,
    2025       2024  
           
Segment operating revenues
$4,871,412    $4,808,707 
           
Less:
         
Significant segment expenses
         
Data and product costs
         
Employee expenses
 1,498,114     1,460,862 
Data feed expenses
 534,901     483,100 
Hosting and computer services expenses
 58,714     39,814 
Other data and product costs
 191,645     214,001 
Data and product costs subtotal
 2,283,374     2,197,777 
           
Selling, general and administrative expenses
         
Employee expenses
 1,914,112     2,009,324 
Professional fee expenses
 103,106     146,834 
Marketing expenses (1)
 208,791     217,548 
Occupancy expenses (2)
 110,344     109,939 
Other general and administrative expenses
 140,598     69,956 
Selling, general and administrative expenses subtotal
 2,476,951     2,553,601 
           
Other significant segment items
         
Depreciation and amortization
 85,720     93,170 
Other (income), net
 (180,833)     (201,759) 
Provision for income taxes
 47,138     38,511 
           
Segment net income
$159,062    $127,407 
 
(1) Marketing expenses include vendors, trade show conferences, and promotional materials.
(2) Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Stock-Based Compensation [Abstract]  
Stock-based Compensation Expense for Stock Options
The following table summarizes the stock-based compensation expense for stock options that was recorded in the Company’s results of operations in accordance with ASC 718 for the three months ended March 31:
           
  3 Months Ended
  March 31,
    2025       2024  
           
Data and product costs
$8,546    $7,594 
Selling, general and administrative expenses
 18,739     17,399 
           
  $27,285    $24,993 
v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis
The tables below set forth the Company’s cash and cash equivalents, as well as marketable securities as of March 31, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
 
                       
  March 31, 2025
    Level 1       Level 2       Level 3       Total  
                       
Cash and cash equivalents
$5,837,195    $−    $−    $5,837,195 
Held-to-maturity securities
 11,272,665      −       −      11,272,665 
  $17,109,860    $−    $−    $17,109,860 
                       
  December 31, 2024
    Level 1       Level 2       Level 3       Total  
                       
Cash and cash equivalents
$6,674,473    $−    $−    $6,674,473 
Held-to-maturity securities
 11,225,475      −       −      11,225,475 
  $17,899,948    $−    $−    $17,899,948 
v3.25.1
Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2025
Marketable Securities [Abstract]  
Cost and Fair Value of Marketable Securities
The tables below summarize the Company’s cost and fair value of marketable securities as of March 31, 2025 and December 31, 2024:
            
                 
  March 31, 2025
    Amortized Cost       Gross Unrealized Gain       Fair Value  
Held-to-maturity securities
               
U.S. Treasury securities
$11,272,665    $221,335    $11,494,000 
            
                 
  December 31, 2024
    Amortized Cost       Gross Unrealized Gain       Fair Value  
Held-to-maturity securities
               
U.S. Treasury securities
$11,225,475    $227,525    $11,453,000 
Maturities of Marketable Securities
Maturities of marketable securities were as follows as of March 31, 2025 and December 31, 2024:
 
        
    March 31,       December 31,  
    2025       2024  
           
Held-to-maturity securities:
 
 
     
 
 
Due in one year or less
$1,488,665    $2,467,475 
Due in 12 – 25 months
 9,784,000     8,758,000 
           
  $11,272,665    $11,225,475 
v3.25.1
Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Net Income per Share [Abstract]  
Computation of Basic and Diluted Net Income per Share
Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.
 
        
           
  3 Months Ended
  March 31,
    2025       2024  
           
Weighted average common shares outstanding – basic
 10,722,401     10,722,401 
Potential shares exercisable under stock option plans
 341,950     258,000 
Less: Shares which could be repurchased under treasury stock method
 (232,372)     (213,492) 
 
          
Weighted average common shares outstanding – diluted  10,831,979     10,766,909 
v3.25.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Financial Information of Reportable Segments The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.
           
  3 Months Ended
  March 31,
    2025       2024  
           
Segment operating revenues
$4,871,412    $4,808,707 
           
Less:
         
Significant segment expenses
         
Data and product costs
         
Employee expenses
 1,498,114     1,460,862 
Data feed expenses
 534,901     483,100 
Hosting and computer services expenses
 58,714     39,814 
Other data and product costs
 191,645     214,001 
Data and product costs subtotal
 2,283,374     2,197,777 
           
Selling, general and administrative expenses
         
Employee expenses
 1,914,112     2,009,324 
Professional fee expenses
 103,106     146,834 
Marketing expenses (1)
 208,791     217,548 
Occupancy expenses (2)
 110,344     109,939 
Other general and administrative expenses
 140,598     69,956 
Selling, general and administrative expenses subtotal
 2,476,951     2,553,601 
           
Other significant segment items
         
Depreciation and amortization
 85,720     93,170 
Other (income), net
 (180,833)     (201,759) 
Provision for income taxes
 47,138     38,511 
           
Segment net income
$159,062    $127,407 
 
(1) Marketing expenses include vendors, trade show conferences, and promotional materials.
(2) Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.1
Stock-Based Compensation - Stock-based Compensation Expense for Stock Options (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Stock-based compensation expense $ 27,285 $ 24,993
Data and Product Costs [Member]    
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Stock-based compensation expense 8,546 7,594
Selling, General and Administrative Expenses [Member]    
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Stock-based compensation expense $ 18,739 $ 17,399
v3.25.1
Fair Value Measurements - Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis (Details) - Recurring [Member] - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Line Items]    
Cash and cash equivalents $ 5,837,195 $ 6,674,473
Held-to-maturity securities 11,272,665 11,225,475
Fair Value 17,109,860 17,899,948
Level 1 [Member]    
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Line Items]    
Cash and cash equivalents 5,837,195 6,674,473
Held-to-maturity securities 11,272,665 11,225,475
Fair Value 17,109,860 17,899,948
Level 2 [Member]    
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Line Items]    
Cash and cash equivalents 0 0
Held-to-maturity securities 0 0
Fair Value 0 0
Level 3 [Member]    
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Line Items]    
Cash and cash equivalents 0 0
Held-to-maturity securities 0 0
Fair Value $ 0 $ 0
v3.25.1
Marketable Securities (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Marketable Securities [Abstract]    
Accrued bond interest receivable $ 65,279 $ 79,497
Other-than-temporary impairment loss $ 0  
v3.25.1
Marketable Securities - Cost and Fair Value of Marketable Securities (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Held-to-maturity securities    
Amortized Cost $ 11,272,665 $ 11,225,475
Gross Unrealized Gain 221,335 227,525
Fair Value $ 11,494,000 $ 11,453,000
v3.25.1
Marketable Securities - Maturities of Marketable Securities (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Held-to-maturity securities:    
Due in one year or less $ 1,488,665 $ 2,467,475
Due in 12 – 25 months 9,784,000 8,758,000
Held-to-maturity securities $ 11,272,665 $ 11,225,475
v3.25.1
Net Income per Share (Details) - shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Stock Options [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 611,850 529,900
v3.25.1
Net Income per Share - Net Income per Share (Details) - shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Income per Share [Abstract]    
Weighted average common shares outstanding – basic (in shares) 10,722,401 10,722,401
Potential shares exercisable under stock option plans (in shares) 341,950 258,000
Less: Shares which could be repurchased under treasury stock method (in shares) (232,372) (213,492)
Weighted average common shares outstanding – diluted (in shares) 10,831,979 10,766,909
v3.25.1
Segment Reporting (Details)
 3 Months Ended
Mar. 31, 2025
Segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.1
Segment Reporting - Segment Financial Information of Reportable Segments (Details) - Reportable Segments [Member] - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Segment operating revenues $ 4,871,412 $ 4,808,707
Data and product costs    
Employee expenses 1,498,114 1,460,862
Data feed expenses 534,901 483,100
Hosting and computer services expenses 58,714 39,814
Other data and product costs 191,645 214,001
Data and product costs subtotal 2,283,374 2,197,777
Selling, general and administrative expenses    
Employee expenses 1,914,112 2,009,324
Professional fee expenses 103,106 146,834
Marketing expenses [1] 208,791 217,548
Occupancy expenses [2] 110,344 109,939
Other general and administrative expenses 140,598 69,956
Selling, general and administrative expenses subtotal 2,476,951 2,553,601
Other significant segment items    
Depreciation and amortization 85,720 93,170
Other (income), net (180,833) (201,759)
Provision for income taxes 47,138 38,511
Segment net income $ 159,062 $ 127,407
[1] Marketing expenses include vendors, trade show conferences, and promotional materials.
[2] Occupancy expenses include rent, utilities, repairs, and office supplies.