FlexShopper, Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, 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
Revenues:
Lease revenues and fees, net
Lease merchandise sold
Loan revenues and fees, net of changes in fair value
Total revenues
Costs and expenses:
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise
Cost of lease merchandise sold
Depreciation and impairment of lease merchandise
Loan origination costs and fees
Marketing
Salaries and benefits
Operating expenses
Net change in fair value of promissory note related to acquisition
Gain on bargain purchase
Total costs and expenses

Operating income/ (loss)
Gain on bargain purchase
Interest expense including amortization of debt issuance costs
Loss before income taxes
Benefit from income taxes
Net (loss)/ income
Deemed dividend from exchange offer of warrants
Dividends on Series 2 Convertible Preferred Shares
Net (loss)/ income attributable to common and Series 1 Convertible Preferred shareholders
Basic and diluted
Basic and diluted (loss)/ income per common share:
Basic (in Dollars per share)
Diluted (in Dollars per share)
WEIGHTED AVERAGE COMMON SHARES:
Basic and diluted
Basic (in Shares)
Diluted (in Shares)

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