FlexShopper, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/ income
Adjustments to reconcile net (loss)/ income to net cash used in operating activities:
Depreciation and impairment of lease merchandise
Other depreciation and amortization
Amortization of debt issuance costs
Amortization of discount on the promissory note related to acquisition
Compensation expense related to stock-based compensation
Gain on sale of lease receivables
Payment of interest in kind under promissory notes
Write off of capitalized software costs
Provision for doubtful accounts
Interest in kind added to promissory notes balance
Deferred income tax
Gain on debt extinguishment
Net change in fair value of promissory note related to acquisiton
Gain on bargain purchase
Net changes in the fair value of loan receivables at fair value

Changes in operating assets and liabilities, net of effects of acquisition:
Lease receivables
Loan receivables at fair value
Prepaid expenses and other assets
Security deposits
Lease merchandise
Purchase consideration payable related to acquisition
Promissory note related to acquisition
Lease liabilities
Accounts payable
Accrued payroll and related taxes
Accrued expenses
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Cash acquired in business combination
Purchases of property and equipment, including capitalized software costs
Purchases of data costs
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from promissory notes to related parties, net of fees
Proceeds from loan payable under credit agreement
Proceeds from promissory notes- Paycheck Protection Program, net of fees
Repayment of loan payable under credit agreement
Repayment of loan payable under Basepoint credit agreement
Repayment of promissory notes to related parties
Debt issuance related costs
Proceeds from exercise of stock options
Proceeds from promissory notes to related parties
Principal payment under finance lease obligation
Refund of equity issuance related costs
Proceeds from exercise of warrants
Repayment of purchase consideration payable related to acquisition
Repayment of installment loan
Purchases of Treasury Stock
Net cash provided by financing activities

INCREASE IN CASH
INCREASE / (DECREASE) IN CASH and RESTRICTED CASH
(DECREASE)/ INCREASE IN CASH and RESTRICTED CASH
CASH, beginning of period
CASH, end of period
CASH and RESTRICTED CASH, beginning of period
CASH and RESTRICTED CASH, end of period
Supplemental cash flow information:
Interest paid
Deemed dividend from exchange offer of warrants
Conversion of preferred stock to common stock
Interest paid
Due date extension of warrants
Acquisition of loan receivables at fair value
Acquisition of property and equipment
Acquisition of intangible assets
Acquisition of purchase consideration payable related to acquisition
Acquisition of accounts payable
Acquisition of deferred tax liability
Issuance of promissory note related to acquisition

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