CREDITRISKMONITOR COM INC, 10-Q filed on 10 Nov 25
 | XBRL Documents
v3.25.3
Document And Entity Information - shares
 9 Months Ended
Sep. 30, 2025
Nov. 10, 2025
Document Information Line Items    
Entity Central Index Key 0000315958  
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 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 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   10,767,501
Amendment Flag false  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --12-31  
v3.25.3
CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 6,918,389 $ 6,674,473
Held-to-maturity securities 6,098,773 2,467,475
Accounts receivable, net of allowance for credit losses of $30,000 2,976,665 3,631,018
Other current assets 899,739 929,512
Total current assets 16,893,566 13,702,478
Held-to-maturity securities 6,481,000 8,758,000
Property and equipment, net 432,033 497,560
Operating lease right-of-use asset, net 105,777 0
Goodwill 1,954,460 1,954,460
Total assets 25,866,836 24,912,498
Current liabilities:    
Unexpired subscription revenue 10,894,478 10,886,860
Accounts payable 191,625 319,717
Operating lease liability, current portion 30,024 0
Accrued expenses 2,083,662 1,931,281
Total current liabilities 13,199,789 13,137,858
Deferred taxes on income, net 481,420 481,420
Unexpired subscription revenue, less current portion 164,508 151,474
Operating lease liability, less current portion 75,753 0
Total liabilities 13,921,470 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, respectively 107,675 107,224
Additional paid-in capital 30,276,443 30,106,731
Accumulated deficit (18,438,752) (19,072,209)
Total stockholders’ equity 11,945,366 11,141,746
Total liabilities and stockholders’ equity $ 25,866,836 $ 24,912,498
v3.25.3
CONDENSED BALANCE SHEETS (Parentheticals) - USD ($)
Sep. 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
v3.25.3
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
CONDENSED STATEMENTS OF OPERATIONS [Abstract]        
Operating revenues $ 5,094,736 $ 5,009,370 $ 15,025,690 $ 14,751,845
Operating expenses:        
Data and product costs 2,191,789 2,205,871 6,669,223 6,566,750
Selling, general and administrative expenses 2,697,192 2,256,732 7,801,311 7,505,751
Depreciation and amortization 78,336 97,513 281,100 291,576
Total operating expenses 4,967,317 4,560,116 14,751,634 14,364,077
Income from operations 127,419 449,254 274,056 387,768
Other income, net 193,222 267,092 553,739 664,587
Income before income taxes 320,641 716,346 827,795 1,052,355
Provision for income taxes (75,773) (164,764) (194,338) (244,180)
Net income $ 244,868 $ 551,582 $ 633,457 $ 808,175
Net income per share - Basic (in Dollars per share) $ 0.02 $ 0.05 $ 0.06 $ 0.08
Net income per share - Diluted (in Dollars per share) $ 0.02 $ 0.05 $ 0.06 $ 0.08
Weighted average number of common shares outstanding        
Basic (in Shares) 10,767,501 10,722,401 10,767,501 10,722,401
Diluted (in Shares) 10,848,607 10,770,383 10,852,979 10,764,587
v3.25.3
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 0 808,175 808,175
Stock-based compensation 0 73,892 0 73,892
Balance at Sep. 30, 2024 $ 107,224 30,081,665 (19,938,936) 10,249,953
Balance (in Shares) at Sep. 30, 2024 10,722,401      
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      
Net income $ 0 0 551,582 551,582
Stock-based compensation 0 26,279 0 26,279
Balance at Sep. 30, 2024 $ 107,224 30,081,665 (19,938,936) 10,249,953
Balance (in Shares) at Sep. 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 0 633,457 633,457
Stock-based compensation 0 73,228 0 73,228
Balance at Sep. 30, 2025 $ 107,675 30,276,443 (18,438,752) $ 11,945,366
Balance (in Shares) at Sep. 30, 2025 10,767,501     10,767,501
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      
Stock options exercised $ 0 0 0 0
Net income 0 0 244,868 244,868
Stock-based compensation 0 22,760 0 22,760
Balance at Sep. 30, 2025 $ 107,675 $ 30,276,443 $ (18,438,752) $ 11,945,366
Balance (in Shares) at Sep. 30, 2025 10,767,501     10,767,501
v3.25.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 633,457 $ 808,175
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of bond discount (131,190) (146,697)
Depreciation and amortization 281,100 291,576
Operating lease right-of-use asset, net 0 2,494
Stock-based compensation 73,228 73,892
Changes in operating assets and liabilities:    
Accounts receivable, net 654,353 375,116
Other current assets 29,773 (127,557)
Unexpired subscription revenue 20,652 709,902
Accounts payable (128,092) (69,066)
Accrued expenses 152,381 291,619
Net cash provided by operating activities 1,585,662 2,209,454
Cash flows from investing activities:    
Proceeds from held-to-maturity securities 2,695,000 2,850,000
Purchase of held-to-maturity securities (3,918,108) (7,898,319)
Purchase of property and equipment (215,573) (278,039)
Net cash used in investing activities (1,438,681) (5,326,358)
Cash flows from financing activities:    
Proceeds from exercise of stock options 96,935 0
Net cash provided by financing activities 96,935 0
Net increase (decrease) in cash and cash equivalents 243,916 (3,116,904)
Cash and cash equivalents at beginning of period 6,674,473 11,004,937
Cash and cash equivalents at end of period $ 6,918,389 $ 7,888,033
v3.25.3
Overview and Basis of Presentation
 9 Months Ended
Sep. 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 risk 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 nine months ended September 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.
v3.25.3
Recently Issued Accounting Standards
 9 Months Ended
Sep. 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.
v3.25.3
Revenue Recognition
 9 Months Ended
Sep. 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.
v3.25.3
Stockholders’ Equity
 9 Months Ended
Sep. 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 nine months ended September 30:
 
                 
                     
 
 3 Months Ended
September 30, 		 
 9 Months Ended
September 30, 		 
     2025      2024      2025      2024  
                     
Data and product costs  $6,906   $8,213   $24,993   $23,764 
Selling, general and administrative expenses   15,854    18,066    48,235    50,128 
                     
   $22,760   $26,279   $73,228   $73,892 
 
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 nine months ended September 30, 2025 was approximately $20,325.
 
There were no stock options exercised during the three and nine months ended September 30, 2024.
v3.25.3
Fair Value Measurements
 9 Months Ended
Sep. 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 values 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 September 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 September 30, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
                     
    September 30, 2025  
     Level 1      Level 2      Level 3      Total  
                     
Cash and cash equivalents
 $6,918,389   $ −    $ −    $6,918,389 
Held-to-maturity securities
  12,579,773     −      −     12,579,773 
   $19,498,162   $ −    $ −    $19,498,162 
      
    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 September 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.
v3.25.3
Marketable Securities
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024 was $96,651 and $79,497, respectively.
 
The tables below summarize the Company’s cost and fair value of marketable securities as of September 30, 2025 and December 31, 2024:
 
                
    September 30, 2025  
    
Amortized Cost
     Gross Unrealized Gain      Fair Value  
Held-to-maturity securities
              
U.S. Treasury securities
 $12,579,773   $109,227   $12,689,000 
                
 
 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 September 30, 2025 and December 31, 2024:
 
         
     September 30,
2025 		     December 31,
2024 		 
           
Held-to-maturity securities:          
Due in one year or less  $6,098,773   $2,467,475 
Due in 12 – 24 months   6,481,000    8,758,000 
           
   $12,579,773   $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 September 30, 2025.
v3.25.3
Net Income per Share
 9 Months Ended
Sep. 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
September 30, 		 
 9 Months Ended
September 30, 		 
                     
     2025      2024      2025      2024  
                     
Weighted average common shares outstanding – basic
  10,767,501    10,722,401    10,767,501    10,722,401 
Potential shares exercisable under stock option plans
  279,348    255,500    311,033    257,133 
Less: Shares which could be repurchased under treasury stock method
  (198,242)    (207,518)    (225,555)    (214,947) 
Weighted average common shares outstanding – diluted
  10,848,607    10,770,383    10,852,979    10,764,587 
 
For the three and nine months ended September 30, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 568,900 and 536,900 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.
 
For the three and nine months ended September 30, 2024, the computation of diluted net income per share excludes the effects of the assumed exercise of 590,550 and 615,050 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.
v3.25.3
Commitments and Contingencies
 9 Months Ended
Sep. 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.
v3.25.3
Segment Reporting
 9 Months Ended
Sep. 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, evaluating supply chains, 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
September 30, 		 
  9 Months Ended
September 30,		 
     2025      2024      2025      2024  
                     
Segment operating revenues
 $5,094,736   $5,009,370   $15,025,690   $14,751,845 
                     
Less:
                   
Significant segment expenses
                   
Data and product costs
                   
Employee expenses
  1,340,869    1,388,724    4,232,159    4,230,657 
Data feed expenses
  553,166    493,249    1,605,034    1,466,307 
Hosting and computer services expenses
  100,794    78,107    246,034    187,858 
Other data and product costs
  196,960    245,791    585,996    681,928 
Data and product costs subtotal
  2,191,789    2,205,871    6,669,223    6,566,750 
                     
Selling, general and administrative expenses
                   
Employee expenses
  1,983,938    1,700,470    5,830,985    5,723,720 
Professional fee expenses
  326,141    157,442    634,688    474,926 
Marketing expenses (1)
  187,058    201,498    598,912    687,419 
Occupancy expenses (2)
  47,745    104,639    271,783    320,943 
Other general and administrative expenses
  152,310    92,683    464,943    298,743 
Selling, general and administrative expenses subtotal
  2,697,192    2,256,732    7,801,311    7,505,751 
                     
Other significant segment items
                   
Depreciation and amortization
  78,336    97,513    281,100    291,576 
Other (income), net
  (193,222)    (267,092)    (553,739)    (664,587) 
Provision for income taxes
  75,773    164,764    194,338    244,180 
                     
Segment net income
 $244,868   $551,582   $633,457   $808,175 
 
(1) Marketing expenses include vendors, trade show conferences, and promotional materials.
(2) Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.3
Supplemental Disclosures of Noncash Investing and Financing Activities
 9 Months Ended
Sep. 30, 2025
Supplemental Disclosures of Noncash Investing and Financing Activities [Abstract]  
Supplemental Disclosures of Noncash Investing and Financing Activities
(10) Supplemental Disclosures of Noncash Investing and Financing Activities
 
For the nine months ended September 30, 2025, there was a noncash transfer of operating lease right-of-use assets obtained in exchange for lease liabilities in the amount of $114,463.
v3.25.3
Stockholders’ Equity (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30:
 
                 
                     
 
 3 Months Ended
September 30, 		 
 9 Months Ended
September 30, 		 
     2025      2024      2025      2024  
                     
Data and product costs  $6,906   $8,213   $24,993   $23,764 
Selling, general and administrative expenses   15,854    18,066    48,235    50,128 
                     
   $22,760   $26,279   $73,228   $73,892 
v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.
                     
    September 30, 2025  
     Level 1      Level 2      Level 3      Total  
                     
Cash and cash equivalents
 $6,918,389   $ −    $ −    $6,918,389 
Held-to-maturity securities
  12,579,773     −      −     12,579,773 
   $19,498,162   $ −    $ −    $19,498,162 
      
    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 
v3.25.3
Marketable Securities (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024:
 
                
    September 30, 2025  
    
Amortized Cost
     Gross Unrealized Gain      Fair Value  
Held-to-maturity securities
              
U.S. Treasury securities
 $12,579,773   $109,227   $12,689,000 
                
 
 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 September 30, 2025 and December 31, 2024:
 
         
     September 30,
2025 		     December 31,
2024 		 
           
Held-to-maturity securities:          
Due in one year or less  $6,098,773   $2,467,475 
Due in 12 – 24 months   6,481,000    8,758,000 
           
   $12,579,773   $11,225,475 
v3.25.3
Net Income per Share (Tables)
 9 Months Ended
Sep. 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
September 30, 		 
 9 Months Ended
September 30, 		 
                     
     2025      2024      2025      2024  
                     
Weighted average common shares outstanding – basic
  10,767,501    10,722,401    10,767,501    10,722,401 
Potential shares exercisable under stock option plans
  279,348    255,500    311,033    257,133 
Less: Shares which could be repurchased under treasury stock method
  (198,242)    (207,518)    (225,555)    (214,947) 
Weighted average common shares outstanding – diluted
  10,848,607    10,770,383    10,852,979    10,764,587 
v3.25.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 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
September 30, 		 
  9 Months Ended
September 30,		 
     2025      2024      2025      2024  
                     
Segment operating revenues
 $5,094,736   $5,009,370   $15,025,690   $14,751,845 
                     
Less:
                   
Significant segment expenses
                   
Data and product costs
                   
Employee expenses
  1,340,869    1,388,724    4,232,159    4,230,657 
Data feed expenses
  553,166    493,249    1,605,034    1,466,307 
Hosting and computer services expenses
  100,794    78,107    246,034    187,858 
Other data and product costs
  196,960    245,791    585,996    681,928 
Data and product costs subtotal
  2,191,789    2,205,871    6,669,223    6,566,750 
                     
Selling, general and administrative expenses
                   
Employee expenses
  1,983,938    1,700,470    5,830,985    5,723,720 
Professional fee expenses
  326,141    157,442    634,688    474,926 
Marketing expenses (1)
  187,058    201,498    598,912    687,419 
Occupancy expenses (2)
  47,745    104,639    271,783    320,943 
Other general and administrative expenses
  152,310    92,683    464,943    298,743 
Selling, general and administrative expenses subtotal
  2,697,192    2,256,732    7,801,311    7,505,751 
                     
Other significant segment items
                   
Depreciation and amortization
  78,336    97,513    281,100    291,576 
Other (income), net
  (193,222)    (267,092)    (553,739)    (664,587) 
Provision for income taxes
  75,773    164,764    194,338    244,180 
                     
Segment net income
 $244,868   $551,582   $633,457   $808,175 
 
(1) Marketing expenses include vendors, trade show conferences, and promotional materials.
(2) Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.3
Stockholders’ Equity (Details) - Stock Options [Member] - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 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  
v3.25.3
Stockholders’ Equity - Stock-based Compensation Expense for Stock Options (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Stockholders’ Equity [Abstract]        
Stock-based compensation expense $ 22,760 $ 26,279 $ 73,228 $ 73,892
Data and Product Costs [Member]        
Stockholders’ Equity [Abstract]        
Stock-based compensation expense 6,906 8,213 24,993 23,764
Selling, General and Administrative Expenses [Member]        
Stockholders’ Equity [Abstract]        
Stock-based compensation expense $ 15,854 $ 18,066 $ 48,235 $ 50,128
v3.25.3
Fair Value Measurements - Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis (Details) - Recurring [Member] - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Fair Value Measurements [Abstract]    
Cash and cash equivalents $ 6,918,389 $ 6,674,473
Held-to-maturity securities 12,579,773 11,225,475
Fair Value 19,498,162 17,899,948
Level 1 [Member]    
Fair Value Measurements [Abstract]    
Cash and cash equivalents 6,918,389 6,674,473
Held-to-maturity securities 12,579,773 11,225,475
Fair Value 19,498,162 17,899,948
Level 2 [Member]    
Fair Value Measurements [Abstract]    
Cash and cash equivalents 0 0
Held-to-maturity securities 0 0
Fair Value 0 0
Level 3 [Member]    
Fair Value Measurements [Abstract]    
Cash and cash equivalents 0 0
Held-to-maturity securities 0 0
Fair Value $ 0 $ 0
v3.25.3
Marketable Securities (Details) - USD ($)
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Marketable Securities [Abstract]    
Accrued bond interest receivable $ 96,651 $ 79,497
Other-than-temporary impairment loss $ 0  
v3.25.3
Marketable Securities - Cost and Fair Value of Marketable Securities (Details) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Held-to-maturity securities    
Amortized Cost $ 12,579,773 $ 11,225,475
Gross Unrealized Gain 109,227 227,525
Fair Value $ 12,689,000 $ 11,453,000
v3.25.3
Marketable Securities - Maturities of Marketable Securities (Details) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Held-to-maturity securities:    
Due in one year or less $ 6,098,773 $ 2,467,475
Due in 12 – 24 months 6,481,000 8,758,000
Held-to-maturity securities $ 12,579,773 $ 11,225,475
v3.25.3
Net Income per Share (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Stock Options [Member]        
Net Income per Share [Abstract]        
Antidilutive securities excluded from computation of earnings per share (in shares) 568,900 590,550 536,900 615,050
v3.25.3
Net Income per Share - Net Income per Share (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net Income per Share [Abstract]        
Weighted average common shares outstanding – basic (in shares) 10,767,501 10,722,401 10,767,501 10,722,401
Potential shares exercisable under stock option plans (in shares) 279,348 255,500 311,033 257,133
Less: Shares which could be repurchased under treasury stock method (in shares) (198,242) (207,518) (225,555) (214,947)
Weighted average common shares outstanding – diluted (in shares) 10,848,607 10,770,383 10,852,979 10,764,587
v3.25.3
Segment Reporting (Details)
 9 Months Ended
Sep. 30, 2025
Segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.3
Segment Reporting - Segment Financial Information of Reportable Segments (Details) - Reportable Segments [Member] - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting [Abstract]        
Segment operating revenues $ 5,094,736 $ 5,009,370 $ 15,025,690 $ 14,751,845
Data and product costs        
Employee expenses 1,340,869 1,388,724 4,232,159 4,230,657
Data feed expenses 553,166 493,249 1,605,034 1,466,307
Hosting and computer services expenses 100,794 78,107 246,034 187,858
Other data and product costs 196,960 245,791 585,996 681,928
Data and product costs subtotal 2,191,789 2,205,871 6,669,223 6,566,750
Selling, general and administrative expenses        
Employee expenses 1,983,938 1,700,470 5,830,985 5,723,720
Professional fee expenses 326,141 157,442 634,688 474,926
Marketing expenses [1] 187,058 201,498 598,912 687,419
Occupancy expenses [2] 47,745 104,639 271,783 320,943
Other general and administrative expenses 152,310 92,683 464,943 298,743
Selling, general and administrative expenses subtotal 2,697,192 2,256,732 7,801,311 7,505,751
Other significant segment items        
Depreciation and amortization 78,336 97,513 281,100 291,576
Other (income), net (193,222) (267,092) (553,739) (664,587)
Provision for income taxes 75,773 164,764 194,338 244,180
Net income $ 244,868 $ 551,582 $ 633,457 $ 808,175
[1] Marketing expenses include vendors, trade show conferences, and promotional materials.
[2] Occupancy expenses include rent, utilities, repairs, and office supplies.
v3.25.3
Supplemental Disclosures of Noncash Investing and Financing Activities (Details)
 9 Months Ended
Sep. 30, 2025
USD ($)
Supplemental Disclosures of Noncash Investing and Financing Activities [Abstract]  
Operating lease right-of-use assets obtained in exchange for lease liabilities $ 114,463