CREDITRISKMONITOR COM INC, 10-Q filed on 06 Aug 25
 | XBRL Documents
v3.25.2
Document And Entity Information - shares
 6 Months Ended
Jun. 30, 2025
Aug. 06, 2025
Document Information Line Items    
Entity Central Index Key 0000315958  
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 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  
City Area Code 845  
Local Phone Number 230-3000  
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   10,767,501
Amendment Flag false  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,778,882 $ 6,674,473
Held-to-maturity securities 3,750,803 2,467,475
Accounts receivable, net of allowance for credit losses of $30,000 4,714,602 3,631,018
Other current assets 908,633 929,512
Total current assets 15,152,920 13,702,478
Held-to-maturity securities 8,510,000 8,758,000
Property and equipment, net 509,027 497,560
Goodwill 1,954,460 1,954,460
Total assets 26,126,407 24,912,498
Current liabilities:    
Unexpired subscription revenue 11,820,212 10,886,860
Accounts payable 219,310 319,717
Accrued expenses 1,667,647 1,931,281
Total current liabilities 13,707,169 13,137,858
Deferred taxes on income, net 481,420 481,420
Unexpired subscription revenue, less current portion 260,080 151,474
Total liabilities 14,448,669 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 10,767,501 and 10,722,401 shares in 2025 and 2024, respectively 107,675 107,224
Additional paid-in capital 30,253,683 30,106,731
Accumulated deficit (18,683,620) (19,072,209)
Total stockholders’ equity 11,677,738 11,141,746
Total liabilities and stockholders’ equity $ 26,126,407 $ 24,912,498
v3.25.2
CONDENSED BALANCE SHEETS (Parentheticals) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CONDENSED BALANCE SHEETS [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) 10,767,501 10,722,401
Common stock, outstanding (in Shares) 10,767,501 10,722,401
v3.25.2
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
CONDENSED STATEMENTS OF OPERATIONS [Abstract]        
Operating revenues $ 5,059,542 $ 4,933,767 $ 9,930,955 $ 9,742,474
Operating expenses:        
Data and product costs 2,194,060 2,173,184 4,477,434 4,360,878
Selling, general and administrative expenses 2,627,168 2,685,333 5,104,119 5,249,019
Depreciation and amortization 117,044 100,894 202,764 194,063
Total operating expenses 4,938,272 4,959,411 9,784,317 9,803,960
Income (loss) from operations 121,270 (25,644) 146,638 (61,486)
Other income, net 179,684 195,735 360,516 397,495
Income before income taxes 300,954 170,091 507,154 336,009
Provision for income taxes (71,427) (40,905) (118,565) (79,416)
Net income $ 229,527 $ 129,186 $ 388,589 $ 256,593
Net income per share - Basic (in Dollars per share) $ 0.02 $ 0.01 $ 0.04 $ 0.02
Net income per share - Diluted (in Dollars per share) $ 0.02 $ 0.01 $ 0.04 $ 0.02
Weighted average number of common shares outstanding        
Basic (in Shares) 10,767,501 10,722,401 10,744,826 10,722,401
Diluted (in Shares) 10,853,074 10,757,061 10,843,170 10,761,722
v3.25.2
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 0 256,593 256,593
Stock-based compensation 0 47,613 0 47,613
Balance at Jun. 30, 2024 $ 107,224 30,055,386 (20,490,518) 9,672,092
Balance (in Shares) at Jun. 30, 2024 10,722,401      
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      
Net income $ 0 0 129,186 129,186
Stock-based compensation 0 22,620 0 22,620
Balance at Jun. 30, 2024 $ 107,224 30,055,386 (20,490,518) 9,672,092
Balance (in Shares) at Jun. 30, 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
Stock options exercised $ 451 96,484 0 $ 96,935
Stock options exercised (in Shares) 45,100      
Net income $ 0 0 388,589 388,589
Stock-based compensation 0 50,468 0 50,468
Balance at Jun. 30, 2025 $ 107,675 30,253,683 (18,683,620) $ 11,677,738
Balance (in Shares) at Jun. 30, 2025 10,767,501     10,767,501
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      
Stock options exercised $ 451 96,484 0 96,935
Stock options exercised (in Shares) 45,100      
Net income $ 0 0 229,527 229,527
Stock-based compensation 0 23,183 0 23,183
Balance at Jun. 30, 2025 $ 107,675 $ 30,253,683 $ (18,683,620) $ 11,677,738
Balance (in Shares) at Jun. 30, 2025 10,767,501     10,767,501
v3.25.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 388,589 $ 256,593
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of bond discount (94,066) (87,915)
Depreciation and amortization 202,764 194,063
Operating lease right-of-use asset, net 0 2,609
Stock-based compensation 50,468 47,613
Changes in operating assets and liabilities:    
Accounts receivable, net (1,083,584) 383,935
Other current assets 20,879 (259,658)
Unexpired subscription revenue 1,041,958 1,210,169
Accounts payable (100,407) (63,148)
Accrued expenses (263,634) (123,660)
Net cash provided by operating activities 162,967 1,560,601
Cash flows from investing activities:    
Proceeds from held-to-maturity securities 1,995,000 1,890,000
Purchase of held-to-maturity securities (2,936,262) (1,900,931)
Purchase of property and equipment (214,231) (197,264)
Net cash used in investing activities (1,155,493) (208,195)
Cash flows from financing activities:    
Proceeds from exercise of stock options 96,935 0
Net cash provided by financing activities 96,935 0
Net (decrease) increase in cash and cash equivalents (895,591) 1,352,406
Cash and cash equivalents at beginning of period 6,674,473 11,004,937
Cash and cash equivalents at end of period $ 5,778,882 $ 12,357,343
v3.25.2
Overview and Basis of Presentation
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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. 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.
v3.25.2
Recently Issued Accounting Standards
 6 Months Ended
Jun. 30, 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 and the adoption of this update did not have a significant impact on the Company's financial statements (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. This guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of adoption of this pronouncement on its financial statements.
v3.25.2
Revenue Recognition
 6 Months Ended
Jun. 30, 2025
Revenue Recognition [Abstract]  
Revenue Recognition
(3) Revenue Recognition
 
The Company applies FASB Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (Topic 606) (“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.
v3.25.2
Stockholders’ Equity
 6 Months Ended
Jun. 30, 2025
Stockholders’ Equity [Abstract]  
Stockholders’ Equity
(4) Stockholders’ Equity
 
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 and six months ended June 30:
 
                
   3 Months Ended     6 Months Ended  
   June 30,     June 30,  
   
2025
    
2024
    
2025
    
2024
 
                    
Data and product costs
$9,541   $7,956   $18,000   $15,551 
Selling, general and administrative expenses
 13,642    14,664    32,468    32,062 
                    
  $23,183   $22,620   $50,468   $47,613 
 
Stock Options
 
On April 1, 2025, the Company issued 45,100 shares of common stock upon the exercise of stock options. The stock options had a weighted-average exercise price of $2.15 per share. The Company received cash proceeds totaling $96,935 in connection with the exercise of these stock options. The total intrinsic value of the stock options exercised during the three and six months ended June 30, 2025 was approximately $20,325.
 
There were no stock options exercised during the three and six months ended June 30, 2024.
v3.25.2
Fair Value Measurements
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
                
 
June 30, 2025
   
Level 1
    
Level 2
    
Level 3
    
Total
 
                    
Cash and cash equivalents
$5,778,882   $ −    $ −    $5,778,882 
Held-to-maturity securities
 12,260,803     −      −     12,260,803 
  $18,039,685   $ −    $ −    $18,039,685 
 
                
 
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 June 30, 2025 and December 31, 2024, respectively.
 
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.
v3.25.2
Marketable Securities
 6 Months Ended
Jun. 30, 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 19 to 25 months from the date of purchase. Accrued bond interest receivable as of June 30, 2025 and December 31, 2024 was $97,632 and $79,497, respectively.
 
The tables below summarize the Company’s cost and fair value of marketable securities as of June 30, 2025 and December 31, 2024:
 
            
 
June 30, 2025
   
Amortized Cost
    
Gross Unrealized Gain
    
Fair Value
 
Held-to-maturity securities
             
U.S. Treasury securities
$
12,260,803   $157,197   $12,418,000 
               
            
 
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 June 30, 2025 and December 31, 2024:
 
        
   
June 30,
    
December 31,
 
   
2025
    
2024
 
          
Held-to-maturity securities:
        
Due in one year or less
$3,750,803   $2,467,475 
Due in 12 – 20 months
 8,510,000    8,758,000 
          
  $12,260,803   $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 June 30, 2025.
v3.25.2
Net Income per Share
 6 Months Ended
Jun. 30, 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     6 Months Ended  
   June 30,     June 30,  
   
2025
    
2024
    
2025
    
2024
 
                    
Weighted average common shares outstanding – basic
 10,767,501    10,722,401    10,744,826    10,722,401 
Potential shares exercisable under stock option plans
 311,673    227,357    312,731    257,679 
Less: Shares which could be repurchased under treasury stock method
 (226,100)    (192,697)    (214,387)    (218,358) 
Weighted average common shares outstanding – diluted
 10,853,074    10,757,061    10,843,170    10,761,722 
 
For the three and six months ended June 30, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 501,450 and 500,450 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.
 
For the three and six months ended June 30, 2024, the computation of diluted net income per share excludes the effects of the assumed exercise of 645,050 and 615,050 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.
v3.25.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 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.
v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 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 6 Months Ended
  June 30, June 30,
   
2025
    
2024
    
2025
    
2024
 
                    
Segment operating revenues
$5,059,542   $4,933,767   $9,930,955   $9,742,474 
                    
Less:
                  
Significant segment expenses
                  
Data and product costs
                  
Employee expenses
 1,393,423    1,380,745    2,891,536    2,841,933 
Data feed expenses
 516,966    489,958    1,051,868    973,058 
Hosting and computer services expenses
 86,527    69,938    145,241    109,751 
Other data and product costs
 197,144    232,543    388,789    436,136 
Data and product costs subtotal
 2,194,060    2,173,184    4,477,434    4,360,878 
                    
Selling, general and administrative expenses
                  
Employee expenses
 1,932,924    2,014,253    3,847,035    4,023,250 
Professional fee expenses
 205,441    170,649    308,547    317,484 
Marketing expenses (1)
 203,062    268,373    411,853    485,921 
Occupancy expenses (2)
 113,694    106,366    224,038    216,304 
Other general and administrative expenses
 172,047    125,692    312,646    206,060 
Selling, general and administrative expenses subtotal
 2,627,168    2,685,333    5,104,119    5,249,019 
                    
Other significant segment items
                  
Depreciation and amortization
 117,044    100,894    202,764    194,063 
Other (income), net
 (179,684)    (195,735)    (360,516)    (397,495) 
Provision for income taxes
 71,427    40,905    118,565    79,416 
                    
Segment net income
$229,527   $129,186   $388,589   $256,593 
 
(1)   Marketing expenses include vendors, trade show conferences, and promotional materials.
(2)   Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.2
Stockholders’ Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Stockholders’ Equity [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 and six months ended June 30:
 
                
   3 Months Ended     6 Months Ended  
   June 30,     June 30,  
   
2025
    
2024
    
2025
    
2024
 
                    
Data and product costs
$9,541   $7,956   $18,000   $15,551 
Selling, general and administrative expenses
 13,642    14,664    32,468    32,062 
                    
  $23,183   $22,620   $50,468   $47,613 
v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
                
 
June 30, 2025
   
Level 1
    
Level 2
    
Level 3
    
Total
 
                    
Cash and cash equivalents
$5,778,882   $ −    $ −    $5,778,882 
Held-to-maturity securities
 12,260,803     −      −     12,260,803 
  $18,039,685   $ −    $ −    $18,039,685 
 
                
 
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 
v3.25.2
Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024:
 
            
 
June 30, 2025
   
Amortized Cost
    
Gross Unrealized Gain
    
Fair Value
 
Held-to-maturity securities
             
U.S. Treasury securities
$
12,260,803   $157,197   $12,418,000 
               
            
 
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 June 30, 2025 and December 31, 2024:
 
        
   
June 30,
    
December 31,
 
   
2025
    
2024
 
          
Held-to-maturity securities:
        
Due in one year or less
$3,750,803   $2,467,475 
Due in 12 – 20 months
 8,510,000    8,758,000 
          
  $12,260,803   $11,225,475 
v3.25.2
Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 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     6 Months Ended  
   June 30,     June 30,  
   
2025
    
2024
    
2025
    
2024
 
                    
Weighted average common shares outstanding – basic
 10,767,501    10,722,401    10,744,826    10,722,401 
Potential shares exercisable under stock option plans
 311,673    227,357    312,731    257,679 
Less: Shares which could be repurchased under treasury stock method
 (226,100)    (192,697)    (214,387)    (218,358) 
Weighted average common shares outstanding – diluted
 10,853,074    10,757,061    10,843,170    10,761,722 
v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 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 6 Months Ended
  June 30, June 30,
   
2025
    
2024
    
2025
    
2024
 
                    
Segment operating revenues
$5,059,542   $4,933,767   $9,930,955   $9,742,474 
                    
Less:
                  
Significant segment expenses
                  
Data and product costs
                  
Employee expenses
 1,393,423    1,380,745    2,891,536    2,841,933 
Data feed expenses
 516,966    489,958    1,051,868    973,058 
Hosting and computer services expenses
 86,527    69,938    145,241    109,751 
Other data and product costs
 197,144    232,543    388,789    436,136 
Data and product costs subtotal
 2,194,060    2,173,184    4,477,434    4,360,878 
                    
Selling, general and administrative expenses
                  
Employee expenses
 1,932,924    2,014,253    3,847,035    4,023,250 
Professional fee expenses
 205,441    170,649    308,547    317,484 
Marketing expenses (1)
 203,062    268,373    411,853    485,921 
Occupancy expenses (2)
 113,694    106,366    224,038    216,304 
Other general and administrative expenses
 172,047    125,692    312,646    206,060 
Selling, general and administrative expenses subtotal
 2,627,168    2,685,333    5,104,119    5,249,019 
                    
Other significant segment items
                  
Depreciation and amortization
 117,044    100,894    202,764    194,063 
Other (income), net
 (179,684)    (195,735)    (360,516)    (397,495) 
Provision for income taxes
 71,427    40,905    118,565    79,416 
                    
Segment net income
$229,527   $129,186   $388,589   $256,593 
 
(1)   Marketing expenses include vendors, trade show conferences, and promotional materials.
(2)   Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.2
Stockholders’ Equity (Details) - Stock Options [Member] - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Stockholders’ Equity [Abstract]        
Shares of common stock exercise (in shares) 45,100 0   0
Exercise price (in dollars per share) $ 2.15      
Proceeds from exercise of stock options $ 96,935      
Intrinsic value of stock options exercised $ 20,325   $ 20,325  
v3.25.2
Stockholders’ Equity - Stock-based Compensation Expense for Stock Options (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]        
Stock-based compensation expense $ 23,183 $ 22,620 $ 50,468 $ 47,613
Data and Product Costs [Member]        
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]        
Stock-based compensation expense 9,541 7,956 18,000 15,551
Selling, General and Administrative Expenses [Member]        
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]        
Stock-based compensation expense $ 13,642 $ 14,664 $ 32,468 $ 32,062
v3.25.2
Fair Value Measurements - Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis (Details) - Recurring [Member] - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Abstract]    
Cash and cash equivalents $ 5,778,882 $ 6,674,473
Held-to-maturity securities 12,260,803 11,225,475
Fair Value 18,039,685 17,899,948
Level 1 [Member]    
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Abstract]    
Cash and cash equivalents 5,778,882 6,674,473
Held-to-maturity securities 12,260,803 11,225,475
Fair Value 18,039,685 17,899,948
Level 2 [Member]    
Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis [Abstract]    
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 [Abstract]    
Cash and cash equivalents 0 0
Held-to-maturity securities 0 0
Fair Value $ 0 $ 0
v3.25.2
Marketable Securities (Details) - USD ($)
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Marketable Securities [Abstract]    
Accrued bond interest receivable $ 97,632 $ 79,497
Other-than-temporary impairment loss $ 0  
v3.25.2
Marketable Securities - Cost and Fair Value of Marketable Securities (Details) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Held-to-maturity securities    
Amortized Cost $ 12,260,803 $ 11,225,475
Gross Unrealized Gain 157,197 227,525
Fair Value $ 12,418,000 $ 11,453,000
v3.25.2
Marketable Securities - Maturities of Marketable Securities (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Held-to-maturity securities:    
Due in one year or less $ 3,750,803 $ 2,467,475
Due in 12 – 20 months 8,510,000 8,758,000
Held-to-maturity securities $ 12,260,803 $ 11,225,475
v3.25.2
Net Income per Share (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Stock Options [Member]        
Net Income per Share [Abstract]        
Antidilutive securities excluded from computation of earnings per share (in shares) 501,450 645,050 500,450 615,050
v3.25.2
Net Income per Share - Net Income per Share (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Income per Share [Abstract]        
Weighted average common shares outstanding – basic (in shares) 10,767,501 10,722,401 10,744,826 10,722,401
Potential shares exercisable under stock option plans (in shares) 311,673 227,357 312,731 257,679
Less: Shares which could be repurchased under treasury stock method (in shares) (226,100) (192,697) (214,387) (218,358)
Weighted average common shares outstanding – diluted (in shares) 10,853,074 10,757,061 10,843,170 10,761,722
v3.25.2
Segment Reporting (Details)
 6 Months Ended
Jun. 30, 2025
Segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.2
Segment Reporting - Segment Financial Information of Reportable Segments (Details) - Reportable Segments [Member] - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting [Abstract]        
Segment operating revenues $ 5,059,542 $ 4,933,767 $ 9,930,955 $ 9,742,474
Data and product costs        
Employee expenses 1,393,423 1,380,745 2,891,536 2,841,933
Data feed expenses 516,966 489,958 1,051,868 973,058
Hosting and computer services expenses 86,527 69,938 145,241 109,751
Other data and product costs 197,144 232,543 388,789 436,136
Data and product costs subtotal 2,194,060 2,173,184 4,477,434 4,360,878
Selling, general and administrative expenses        
Employee expenses 1,932,924 2,014,253 3,847,035 4,023,250
Professional fee expenses 205,441 170,649 308,547 317,484
Marketing expenses [1] 203,062 268,373 411,853 485,921
Occupancy expenses [2] 113,694 106,366 224,038 216,304
Other general and administrative expenses 172,047 125,692 312,646 206,060
Selling, general and administrative expenses subtotal 2,627,168 2,685,333 5,104,119 5,249,019
Other significant segment items        
Depreciation and amortization 117,044 100,894 202,764 194,063
Other (income), net (179,684) (195,735) (360,516) (397,495)
Provision for income taxes 71,427 40,905 118,565 79,416
Segment net income $ 229,527 $ 129,186 $ 388,589 $ 256,593
[1] Marketing expenses include vendors, trade show conferences, and promotional materials.
[2] Occupancy expenses include rent, utilities, repairs, and office supplies.