Item 1
(a) Name of Issuer:
USIO, Inc.
(b) Address of Issuers Principal Executive Offices:
3611 Paesanos Parkway, Suite 300, San Antonio, TX 78231
Item 2
(a) Name of Persons Filing:
Topline Capital Management, LLC (TCM)
Collin McBirney
Topline Capital
Partners, LP (TCP or the Fund)
(b) Address of Principal Business Office or, if none, Residence:
544 Euclid Street, Santa Monica, CA 90402
(c)
Citizenship:
Reference is made to Row 4 of pages 24 of this Schedule 13G (this Schedule), which are incorporated by
reference herein.
(d) Title of Class of Securities:
Common Stock, $0.001 par value
(e)
CUSIP Number: 70438S202
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
Reference is hereby made to Rows 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which are incorporated by reference herein.
As of December 31,
2021 and the date of this filing, the Fund beneficially owns 3,325,749 shares of the issuers common stock.
The securities reported on this Schedule
as beneficially owned by TCM (the Securities) are held by and for the benefit of the Fund. Under the definition of beneficial ownership in Rule 13d-3 under the Act, it is also possible
that the individual general partners, executive officers, and members of the foregoing entities might be deemed the beneficial owners of some or all of the Securities insofar as they may be deemed to share the power to direct the voting
or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of
Rule 13d-3 under the Act insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.
Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other
purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of its or his pecuniary interests
therein.
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