7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
      
    		                                 
      operating activities
    		                                 
      net
    		3,497,000                                 
      reconciliation of net (loss) to net cash from operating activities:
    		                                 
      depreciation expense
    		1,711,000 1,587,000 1,945,000 1,948,000 1,937,000 1,891,000 2,059,000 2,053,000 2,136,000 2,096,000 2,067,000 2,235,000 2,129,000 1,954,000 1,616,000 1,402,000 1,376,000 1,189,000 1,007,000 794,000 757,000 675,827 558,650 455,478 367,287         
      amortization expense - intangible assets
    		713,000 685,000 616,000 599,000 442,000 1,073,000 340,000 691,000 654,000 683,000 512,000 449,000 638,000 475,000 342,000 335,000 318,000 318,000 303,000 127,000 103,000 91,696 83,439 78,374 72,992         
      allowance for credit losses on receivables/bad debt on receivables
    		253,000 77,000 605,000 255,000 -193,000 -836,000 159,000 500,000 259,000 -680,000 -1,790,000 1,228,000 -20,000 389,000 219,000    385,000               
      equity in loss of unconsolidated affiliates
    		195,000   364,000 281,000 374,000 149,000 549,000 354,000 143,000 342,000 411,000 329,000 567,000 317,000 183,000 -2,000 1,000 6,000 13,000 21,000             
      agent growth incentive stock-based compensation expense
    		9,655,000 9,615,000 8,119,000                               
      stock option compensation
    		1,578,000 1,601,000 1,853,000 2,014,000 1,986,000 1,985,000 1,990,000 3,077,000 2,533,000 2,365,000 2,761,000 3,570,000 3,751,000 3,610,000 3,511,000 3,494,000 3,369,000 3,130,000 3,109,000               
      agent equity stock-based compensation expense
    		27,150,000 26,803,000 20,756,000                               
      deferred income taxes
    		1,122,000 -274,000 -1,509,000 -5,837,000 -3,021,000 7,123,000 -4,786,000 -6,101,000 65,000 3,093,000 277,000 -5,003,000 -3,953,000 -991,000 -5,901,000 -16,807,000 -20,691,000                 
      changes in operating assets and liabilities:
    		                                 
      accounts receivable
    		22,174,000 -42,225,000 -15,808,000 17,231,000 29,936,000 -28,730,000 -20,141,000 26,875,000 21,865,000 -34,458,000 -10,808,000 31,332,000 35,872,000 -12,423,000 -9,846,000 -3,944,000 4,182,000 -45,188,000 -11,907,000 -19,038,000 -6,433,000 7,845,803 14,746,184 -21,090,918 -12,263,873 3,752,633 2,072,186 -14,169,656 -2,175,888 648,720 892,903 -5,106,448 -320,157 
      prepaids and other assets
    		829,000 825,000 -2,963,000 1,063,000 137,000 2,152,000 -311,000 2,703,000 -4,333,000 4,089,000 -3,722,000 4,655,000 -5,239,000 1,740,000 496,000 -1,113,000 2,956,000 -4,007,000 -459,000 794,000 -476,000 -950,797 -711,061 -145,792 111,575 -1,056,769 -91,346 61,036 -91,961 42,215 -185,151 44,057 -180,482 
      customer deposits
    		-16,539,000 22,659,000 11,685,000 -11,400,000 -19,436,000 10,707,000 31,239,000 -9,660,000 -34,433,000 33,472,000 17,382,000 -14,863,000 -42,028,000 -23,373,000 49,266,000 -1,733,000 -24,356,000 27,657,000 38,324,000 7,199,000 3,219,000 -963,859 1,787,591 1,921,289 1,675,556 -196,977 -177,107 1,123,695 847,406 -210,916 17,992 329,871 304,542 
      accounts payable
    		-1,506,000 1,177,000 -369,000 -168,000 -883,000 2,544,000 197,000 -422,000 2,000,000 -1,759,000 -1,310,000 480,000 3,104,000 -1,226,000 74,000 -1,424,000 2,243,000 1,193,000 1,161,000 -2,287,000 1,336,000 1,410,126 -427,871 385,686 44,888 -283,448 504,956 271,857 115,570 222,648 -59,723 4,567 150,175 
      accrued expenses
    		-22,085,000 32,866,000 25,828,000 -22,559,000 -14,129,000 20,540,000 14,703,000 -19,615,000 -21,234,000 32,073,000 17,200,000 -37,009,000 -27,191,000 16,107,000 15,854,000 2,112,000 -9,670,000 38,811,000 15,420,000 16,567,000 5,371,000 -8,588,872 -14,918,125 23,021,587 11,787,112 -2,198,112 -4,035,769 11,744,020 4,655,504 1,062,951 591,988 3,959,067 462,056 
      litigation contingency
    		0   0 18,000,000 0 16,000,000                           
      other operating activities
    		144,000 -224,000 184,000 34,000 -3,000   0 1,000 120,000 37,000 37,000 37,000 38,000 36,000 39,000      65            
      net cash from operating activities
    		28,891,000 36,088,000 39,838,000 13,714,000 45,999,000 71,147,000 60,654,000 32,615,000 22,348,000 98,024,000 56,144,000 23,211,000 22,026,000 53,791,000 111,507,000 48,479,000 30,988,000 88,506,000 78,919,000 28,547,000 17,489,000 15,410,306 14,999,646 18,119,125 6,657,355         
      capex
    		-2,595,000 -2,531,000 -3,003,000 -2,300,000 -656,000 -1,843,000 -1,438,000 -1,798,000 -1,511,000 0 -1,432,000 -2,786,000 -1,371,000 -3,393,000 -4,438,000 -4,240,000 -3,407,000 -3,486,000 -2,116,000 -918,000 -1,355,000 0 0 0 0         
      free cash flows
    		26,296,000 33,557,000 36,835,000 11,414,000 45,343,000 69,304,000 59,216,000 30,817,000 20,837,000 98,024,000 54,712,000 20,425,000 20,655,000 50,398,000 107,069,000 44,239,000 27,581,000 85,020,000 76,803,000 27,629,000 16,134,000 15,410,306 14,999,646 18,119,125 6,657,355         
      investing activities
    		                                 
      purchases of property and equipment
    		-2,335,000 -2,798,000 -2,553,000                               
      purchase of business
    		    0                             
      investments in unconsolidated affiliates
    		-690,000 -429,000 -11,244,000 -1,211,000 -298,000 -131,000 -3,807,000 -351,000 -175,000 -5,000,000 -350,000     4,000                  
      capitalized software development costs in intangible assets
    		-260,000 267,000 -450,000 -225,000 -656,000 -394,000 -115,000 -664,000 -751,000                         
      net cash from investing activities
    		-3,285,000 -2,960,000 -14,247,000 -6,511,000 -2,590,000 -5,124,000 -5,245,000 -2,185,000 -1,356,000 -8,180,000 -1,782,000 -3,571,000 -10,813,000       -1,332,000 -1,355,000 -2,575,942 -1,529,194 -1,256,982 -1,327,919         
      financing activities
    		                                 
      repurchase of common stock
    		-16,358,000 -24,887,000 -4,982,000 -24,840,000 -35,015,000 -48,234,000 -33,032,000 -25,925,000 -55,897,000 -48,812,000 -29,916,000 -39,838,000 -59,815,000 -49,864,000 -29,956,000 -29,912,000 -53,191,000 -54,903,000 -34,009,000 -1,682,000 -10,305,000 -9,407,122 -9,103,962 -4,897,976 -3,647,076         
      proceeds from exercise of options
    		56,000 76,000 300,000 368,000 592,000 75,000 977,000 219,000 3,508,000 946,000 307,000 -1,609,000 1,441,000 282,000 498,000 925,000 938,000 384,000 1,373,000 639,000 1,828,000 745,772 646,164 690,267 215,726 265,138 876,639 608,902 264,355 26,596 0 0 20,000 
      transactions with noncontrolling interests
    		   0 0 0 -1,169,000     1,000 0 1,000 -426,000 0 0   19,000 87,000             
      dividends declared and paid
    		-7,705,000 -7,671,000 -7,602,000 -7,535,000 -7,489,000 -7,490,000 -7,585,000 -7,540,000 -7,519,000 -6,864,000 -6,596,000 -6,692,000 -6,793,000 -5,885,000 -5,859,000 -5,793,000                  
      net cash from financing activities
    		-24,007,000 -32,482,000 -12,284,000 -32,007,000 -41,912,000 -55,649,000 -40,809,000 -33,246,000 -59,908,000 -54,730,000 -36,205,000 -48,138,000 -65,167,000 -55,466,000 -35,743,000     -1,024,000 -8,390,000 -8,471,850 -8,457,798 -4,207,709 -3,431,350         
      effect of changes in exchange rates on cash, cash equivalents and restricted cash
    		-152,000 2,064,000 329,000 -2,348,000 722,000 -757,000 -589,000 -441,000 -217,000 26,000 594,000 684,000 370,000 -1,182,000 41,000 1,000 -131,000 24,000 47,000 657,000 -710,000 62,491 -51,963 68,545 27,039 -27,945 -285,505 315,613 -23,033     
      net change in cash, cash equivalents and restricted cash
    		1,447,000 2,710,000 13,636,000 -27,152,000 2,219,000 9,617,000 14,011,000 -3,257,000 -39,133,000 35,140,000 18,751,000 -27,814,000 -53,584,000 -6,250,000 71,121,000 8,440,000 -33,705,000 30,678,000 42,573,000 26,848,000 7,034,000 4,425,005 4,960,691 12,722,979 1,925,125 -1,770,249 6,349,173 8,350,274 4,516,223     
      cash, cash equivalents and restricted cash, beginning balance
    		0 0 168,588,000 0 0 0 169,893,000 0 0 0 159,383,000 0 0 0 175,910,000 0 0 0 127,924,000 0 47,074,000             
      cash, cash equivalents and restricted cash, ending balance
    		1,447,000 2,710,000 182,224,000 -27,152,000 2,219,000 9,617,000 183,904,000 -3,257,000 -39,133,000 35,140,000 178,134,000 -27,814,000 -53,584,000 -6,250,000 247,031,000 8,440,000 -33,705,000 30,678,000 170,497,000 26,848,000 54,108,000             
      supplemental disclosure of cash flows information:
    		                                 
      cash paid for income taxes
    		1,532,000 534,000 1,480,000 496,000 656,000 433,000 1,109,000 349,000 549,000 744,000 1,089,000 473,000 489,000 1,961,000 483,000 271,000 358,000 699,000 3,000 194,000 30,000 -135,177 36,029 128,584 100,289 20,507 7,455 14,270 30,450 39,750 3,148 23,661 30,675 
      supplemental disclosure of non-cash investing and financing activities:
    		                                 
      property and equipment purchases in accounts payable
    		-77,000 -53,000 214,000                               
      net income
    		  -11,024,000 -9,505,000 -8,506,000 12,383,000 -15,639,000 -21,197,000 1,349,000 9,422,000 1,453,000 -7,201,000 4,402,000 9,359,000 8,864,000 15,456,000 23,814,000 37,043,000 4,846,000 8,236,000 141,000 782,307 -1,847,363 -2,195,741 -6,295,823 -5,219,182 -4,628,171 -1,886,658 -10,696,345 -17,514,305 -7,780,570 3,233,639 -69,729 
      reconciliation of net income to net cash from operating activities:
    		                                 
      equity in (income) loss of unconsolidated affiliates
    		  -80,000                               
      impairment expense
    		                                 
      loss on disposition of business
    		       0                          
      agent growth incentive stock compensation expense
    		   9,198,000 9,910,000 9,330,000 8,827,000 13,266,000 11,764,000 8,488,000 9,660,000 8,033,000 5,800,000 9,230,000 7,798,000 6,364,000 6,817,000 5,840,000 5,472,000 3,246,000 3,519,000  3,503,236           
      agent equity stock compensation expense
    		   25,281,000 29,541,000 30,588,000 25,868,000 30,678,000 38,896,000 38,877,000 26,775,000 32,874,000 44,395,000 48,335,000 38,500,000 42,746,000 41,838,000 38,451,000 21,402,000 10,503,000 8,794,000 10,213,274 11,110,371           
      long term payable
    		       15,000 0 0 -4,692,000        -150,000               
      purchases of property, plant, and equipment
    		   -2,075,000                              
      acquisition of business, net of cash acquired
    		                                 
      proceeds from sale of business
    		       0                          
      termination of lease obligation - operating lease
    		       4,000 18,000                         
      issuance of treasury stock, for acquisition
    		                                 
      contingent consideration for disposition of business
    		       0                          
      property, plant and equipment increase due to transfer of right-of-use lease asset
    		       0 0                         
      property, plant and equipment purchases in accounts payable
    		       36,000    43,000 -226,000 0 246,000 24,000 143,000 -134,000 141,000               
      purchases of property, plant, equipment
    		     -1,449,000 -1,323,000 -1,170,000 -760,000                         
      amortization expense - long-term payable
    		                   43,000 64,000             
      lease liabilities arising from obtaining right-of-use assets
    		               -11,000      70,703 1,096,656           
      loss on dissolution of consolidated affiliates
    		           0 0 0 361,000                   
      purchases of property, plant, equipment & intangible assets
    		          -1,432,000                       
      asset impairments
    		                                 
      purchases of property, plant and equipment
    		           -2,829,000 -1,145,000 -3,393,000 -4,684,000 -4,264,000 -3,550,000 -3,352,000 -2,257,000 -918,000 -1,355,000             
      acquisition of businesses, net of cash acquired
    		           -242,000       -1,500,000               
      termination of lease liabilities
    		               29,000 226,000   140,000 43,000             
      issuance of treasury stock
    		                                 
      liabilities incurred associated with a business acquisition
    		                                 
      liabilities assumed in business acquisition
    		                                 
      ​
    		                                 
      acquisition of businesses
    		               -1,000,000 0                 
      net cash (used in) investing activities
    		              -4,684,000 -5,260,000 -6,554,000 -3,352,000 -3,757,000               
      allowance for credit losses on receivables
    		               297,000 230,000                 
      long-term payable
    		               978,000 10,000                 
      intangible assets acquired
    		                                 
      net cash (used in) financing activities
    		               -34,780,000 -58,008,000 -54,500,000 -32,636,000               
      retirement of treasury stock
    		                                 
      intangible assets in accounts payable
    		                     -70,000            
      other investing activities
    		                                 
      liabilities incurred associated with business acquisition
    		                                 
      common stock issued for business acquisition
    		                                 
      allowance for credit losses/bad debt on receivables
    		                                 
      stock option expense
    		                    1,073,000 979,366 1,060,175 1,830,508 1,215,448 1,260,180 1,103,055 1,181,969 1,301,702 7,379,072 4,979,213 -4,300,892 -1,201,364 
      cash paid for interest
    		                        18,460     1,157 58 304 558 
      fixed asset purchases in accounts payable
    		                    109,000 63,913 7,552 -24,345 46,343 42,711 -13,271 -14,384 71,890 -45,345 20,948 30,559 65,728 
      stock compensation expense
    		                        3,669,321 2,546,100 4,238,665 3,989,604 8,279,109 3,885,268 3,543,074 2,229,767 1,303,522 
      cash, cash equivalents and restricted cash, beginning of year
    		                                 
      cash, cash equivalents and restricted cash, end of year
    		                                 
      adjustments to reconcile net income to cash from operating activities:
    		                                 
      amortization expense - stock payable
    		                      54,358           
      fixed asset additions
    		                      -1,497,208           
      payment for a business acquisition
    		                                 
      intangible asset additions
    		                      -31,986           
      cash, cash equivalents and restricted cash, beginning of period
    		                      0 0 23,040,648 0 0 0 5,595,227     
      cash, cash equivalents and restricted cash, end of period
    		                      4,960,691 12,722,979 24,965,773 -1,770,249 6,349,173 8,350,274 10,111,450     
      noncash lease expense
    		                       64 63         
      payment for a business combination
    		                                 
      agent equity program
    		                        6,210,293 6,506,975 7,099,352 5,277,346 2,370,004     
      change in stock payable
    		                        62,516         
      purchase of fixed assets
    		                        -827,919         
      payment for business acquisition and intangibles
    		                        -500,000         
      recognition of right of use assets and lease liability upon adoption of new accounting standard
    		                        317,629         
      adjustments to reconcile net income
    		                                 
      to cash from operating activities:
    		                                 
      depreciation and amortization
    		                                 
      amortization of debt discount
    		                                 
      cash from operating activities
    		                         5,455,674 6,325,852 7,740,771 4,788,422 1,730,163 2,094,221 145,194 157,286 
      cash from investing activities
    		                         -7,463,116 -567,813 -315,012 -513,521 -431,383 -301,006 -335,133 -213,625 
      proceeds from issuance of common stock
    		                             0 -17,842 0 160,000 
      repurchase and retirement of subsidiary common stock
    		                                 
      principal payments of notes payable
    		                             0 -7,866 -14,108 -13,804 
      cash from financing activities
    		                         265,138 876,639 608,902 264,355 26,596 -7,866 -17,715 148,354 
      depreciation
    		                          240,031 147,558 183,321 146,040 112,487 81,437 13,265 
      acquisition of property and equipment
    		                          -567,813 -315,012 -513,521 -431,383 -301,006 -335,133 -213,625 
      common stock issuance transactions costs
    		                                 
      repurchase and retirement of common stock
    		                             0 0   
      deferred tax asset
    		                                 
      accounts receivable, related party
    		                                 
      restricted cash
    		                             210,916 -17,992 -329,871 -304,542 
      accrued interest
    		                                 
      common stock issuance transaction costs
    		                               0 -17,842 
      proceeds from issuance of subsidiary common stock
    		                                 
      proceeds from issuance of notes payable
    		                                 
      effect of changes in exchange rates on cash and cash equivalents
    		                             -1,252 -1,659 -18,766 14,017 
      net change in cash and cash equivalents
    		                             1,324,124 1,783,690 -226,420 106,032 
      cash and cash equivalents, beginning of period
    		                             0 0 0 1,684,608 
      cash and cash equivalents, end of period
    		                             1,324,124 1,783,690 -226,420 1,790,640 
      repurchase and retirement of shares
    		                                 
      common stock issuance costs in accounts payable
    		                                 
      accounts payable and accrued liabilities
    		                                 
      due to related parties
    		                                 
      bank indebtedness
    		                                 
      issuance of common stock
    		                                 
      stock subscriptions received
    		                                 
      advances from related parties
    		                                 
      repayments to related parties
    		                                 
      change in cash
    		                                 
      cash – beginning of period
    		                                 
      cash – end of period
    		                                 
      supplemental disclosures
    		                                 
      interest paid
    		                                 
      income taxes paid
    		                                 
      1.
    		                                 
      2.
    		                                 
      a)
    		                                 
      b)
    		                                 
      c)
    		                                 
      d)
    		                                 
      e)
    		                                 
      prepaid expenses
    		                                 
      f-3
    		                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.