2022 Q4 Form 10-Q Financial Statement

#000121390022071148 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $21.41M $26.14M $30.86M
YoY Change -31.14% -15.29% 25.6%
Cost Of Revenue $17.57M $18.75M $18.17M
YoY Change -6.93% 3.16% 16.11%
Gross Profit $3.843M $7.395M $12.69M
YoY Change -68.55% -41.72% 42.25%
Gross Profit Margin 17.95% 28.29% 41.12%
Selling, General & Admin $5.537M $5.497M $4.497M
YoY Change -17.58% 22.23% 8.37%
% of Gross Profit 144.09% 74.34% 35.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.466M $1.081M $17.65M
YoY Change -92.06% -93.87% 13.62%
% of Gross Profit 38.15% 14.62% 139.06%
Operating Expenses $26.89M $11.94M $8.823M
YoY Change 137.31% 35.36% 14.88%
Operating Profit -$23.04M -$4.549M $3.866M
YoY Change -2695.85% -217.66% 211.76%
Interest Expense -$3.825M $3.030M -$1.234M
YoY Change 176.49% -345.63% 29.85%
% of Operating Profit -31.91%
Other Income/Expense, Net
YoY Change
Pretax Income $5.161M -$7.579M $2.632M
YoY Change -1140.93% -387.92% 807.67%
Income Tax -$2.743M -$1.298M $936.2K
% Of Pretax Income -53.14% 35.57%
Net Earnings $5.941M -$6.280M $1.696M
YoY Change 838.05% -470.3% 484.83%
Net Earnings / Revenue 27.75% -24.02% 5.5%
Basic Earnings Per Share -$0.32 $0.05
Diluted Earnings Per Share $0.26 -$0.32 $71.93K
COMMON SHARES
Basic Shares Outstanding 21.75M shares 21.61M shares 21.38M shares
Diluted Shares Outstanding 21.68M shares 23.58M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.052M $5.274M $3.148M
YoY Change 18.79% 67.55% -53.36%
Cash & Equivalents $6.052M $5.274M $3.148M
Short-Term Investments
Other Short-Term Assets $35.16M $32.61M $34.45M
YoY Change -16.08% -5.33% 9.54%
Inventory
Prepaid Expenses $3.489M $1.479M
Receivables $35.54M $33.43M $19.65M
Other Receivables $0.00
Total Short-Term Assets $109.7M $97.90M $57.25M
YoY Change 42.65% 71.01% 24.29%
LONG-TERM ASSETS
Property, Plant & Equipment $8.087M $7.416M $7.227M
YoY Change 3.13% 2.62% 29.98%
Goodwill
YoY Change
Intangibles $15.16M
YoY Change 305592.52%
Long-Term Investments
YoY Change
Other Assets $13.95M $15.33M $78.35K
YoY Change 17879.58% 19471.65% 11.93%
Total Long-Term Assets $38.60M $24.20M $7.305M
YoY Change 387.5% 231.21% 29.76%
TOTAL ASSETS
Total Short-Term Assets $109.7M $97.90M $57.25M
Total Long-Term Assets $38.60M $24.20M $7.305M
Total Assets $148.3M $122.1M $64.56M
YoY Change 74.84% 89.14% 24.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.512M $3.875M $3.344M
YoY Change -18.42% 15.89% -33.78%
Accrued Expenses $3.988M $3.244M $4.232M
YoY Change 33.49% -23.35% 121.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.409M $1.191M $4.811M
YoY Change 32.69% -75.24% -19.55%
Total Short-Term Liabilities $12.23M $9.204M $12.39M
YoY Change -2.85% -25.7% -54.53%
LONG-TERM LIABILITIES
Long-Term Debt $94.76M $88.02M $34.22M
YoY Change 76.05% 157.21% 211.38%
Other Long-Term Liabilities $10.27M $178.2K $2.011M
YoY Change 1973.19% -91.14% -9.82%
Total Long-Term Liabilities $105.0M $178.2K $36.23M
YoY Change 21110.37% -99.51% 174.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.23M $9.204M $12.39M
Total Long-Term Liabilities $105.0M $178.2K $36.23M
Total Liabilities $117.3M $99.02M $49.32M
YoY Change 70.76% 100.77% 21.9%
SHAREHOLDERS EQUITY
Retained Earnings -$31.59M -$39.49M
YoY Change -30.14%
Common Stock $2.176K $2.176K
YoY Change 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.03M $23.08M $15.24M
YoY Change
Total Liabilities & Shareholders Equity $148.3M $122.1M $64.56M
YoY Change 74.84% 89.14% 24.89%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $5.941M -$6.280M $1.696M
YoY Change 838.05% -470.3% 484.83%
Depreciation, Depletion And Amortization $1.466M $1.081M $17.65M
YoY Change -92.06% -93.87% 13.62%
Cash From Operating Activities -$3.691M -$7.874M $1.194M
YoY Change -70.27% -759.36% -197.09%
INVESTING ACTIVITIES
Capital Expenditures $2.063M -$2.389M -$2.092M
YoY Change -238.45% 14.16% 198.9%
Acquisitions
YoY Change
Other Investing Activities $2.938M
YoY Change
Cash From Investing Activities $875.2K -$2.389M -$2.092M
YoY Change -158.73% 14.16% 198.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.860K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.234M 10.57M -1.101M
YoY Change -79.6% -1059.75% -5.07%
NET CHANGE
Cash From Operating Activities -3.691M -7.874M 1.194M
Cash From Investing Activities 875.2K -2.389M -2.092M
Cash From Financing Activities 3.234M 10.57M -1.101M
Net Change In Cash 417.2K 306.1K -1.999M
YoY Change -78.57% -115.31% -35.3%
FREE CASH FLOW
Cash From Operating Activities -$3.691M -$7.874M $1.194M
Capital Expenditures $2.063M -$2.389M -$2.092M
Free Cash Flow -$5.755M -$5.485M $3.286M
YoY Change -47.33% -266.91% -720.09%

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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stock Issued During Period Value Other
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CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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265407 usd
CY2021Q3 us-gaap Stock Issued During Period Value Other
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CY2022Q3 us-gaap Nonoperating Gains Losses
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6575000 usd
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fpay Proceeds From Debt Instrument
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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661444 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5094642 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5756086 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3147926 usd
us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Estimates -</b> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5274219 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
108083 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5756086 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5094642 usd
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AccountsReceivableGross
46790076 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
53176432 usd
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AllowanceForDoubtfulAccountReceivable
13364953 usd
CY2021Q4 fpay Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
27703278 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
33425123 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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AccountsReceivableChargedOffAgainstAllowance
16174329 usd
fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
56977427 usd
CY2021Q3 fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
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fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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us-gaap Provision For Doubtful Accounts
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42639102 usd
CY2021Q4 fpay Lease Merchandise At Cost
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72159063 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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2639454 usd
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us-gaap Other Depreciation And Amortization
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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fpay Interest In Kind Added To Promissory Notes Balance
InterestInKindAddedToPromissoryNotesBalance
128223 usd
fpay Interest In Kind Added To Promissory Notes Balance
InterestInKindAddedToPromissoryNotesBalance
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
1931825 usd
fpay Net Changes In The Fair Value Of Loans Receivable At Fair Value
NetChangesInTheFairValueOfLoansReceivableAtFairValue
1938570 usd
fpay Net Changes In The Fair Value Of Loans Receivable At Fair Value
NetChangesInTheFairValueOfLoansReceivableAtFairValue
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
58202657 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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fpay Increase Decrease In Loans Receivable At Fair Value
IncreaseDecreaseInLoansReceivableAtFairValue
24970008 usd
CY2022Q3 fpay Accumulated Depreciation
AccumulatedDepreciation
34037173 usd
fpay Increase Decrease In Loans Receivable At Fair Value
IncreaseDecreaseInLoansReceivableAtFairValue
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-344766 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
80795 usd
fpay Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
45825525 usd
fpay Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
50470104 usd
CY2021Q4 fpay Accumulated Depreciation
AccumulatedDepreciation
29505431 usd
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ImpairmentReserve
3639610 usd
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NonoperatingGainsLosses
1938570 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
264019 usd
us-gaap Increase Decrease In Employee Related Liabilities
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ProvisionForDoubtfulAccounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
56977427 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
34777881 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13364953 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q3 fpay Lease Merchandise At Cost
LeaseMerchandiseAtCost
68329607 usd
CY2021Q4 fpay Impairment Reserve
ImpairmentReserve
1711520 usd
CY2022Q3 fpay Lease Merchandise Net
LeaseMerchandiseNet
30652824 usd
CY2021Q4 fpay Lease Merchandise Net
LeaseMerchandiseNet
40942112 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
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us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
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us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2021Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
124720272 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2595 usd
CY2021Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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CY2022Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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CY2021Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
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us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
42639102 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
30566352 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1007079 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7611586 usd
CY2022Q3 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
24512086 usd
CY2021Q3 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
30740119 usd
fpay Lease Revenues And Fees
LeaseRevenuesAndFees
82746874 usd
fpay Lease Revenues And Fees
LeaseRevenuesAndFees
94153920 usd
CY2022Q3 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
56283 usd
fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
161895 usd
CY2021Q3 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
41794 usd
fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
171918 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
788228 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1159828 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4855150 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2998044 usd
fpay Purchases Of Data Costs
PurchasesOfDataCosts
1220722 usd
fpay Purchases Of Data Costs
PurchasesOfDataCosts
461379 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
32855000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4000000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
5730000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
6575000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
86932 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
529608 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
261505 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24988 usd
fpay Proceeds From Debt Instrument
ProceedsFromDebtInstrument
7000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8388 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5684 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
8406 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
8406 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34282779 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
661444 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5393306 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5094642 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8541232 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5756086 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3147926 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
6828663 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
3702949 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
769 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
769 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2307 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2307 usd
CY2022Q3 us-gaap Payments For Software
PaymentsForSoftware
1485669 usd
us-gaap Payments For Software
PaymentsForSoftware
3755750 usd
CY2021Q3 us-gaap Payments For Software
PaymentsForSoftware
900031 usd
us-gaap Payments For Software
PaymentsForSoftware
2015746 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
759825 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2064681 usd
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
572195 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1726199 usd
CY2022Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
458018 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1220722 usd
CY2021Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
461379 usd
CY2022Q3 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
162290 usd
fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
371949 usd
CY2021Q3 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
24406 usd
fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
9 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
481867 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
108083 usd
us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Estimates -</b> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5274219 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4986559 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5756086 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5094642 usd
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
46790076 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
53176432 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13067387 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11734032 shares
fpay Net Incomelosses
NetIncomelosses
5727852 usd
fpay Net Incomelosses
NetIncomelosses
2639454 usd
fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-1829332 usd
fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-1829322 usd
fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
3898520 usd
fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
810132 usd
fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-59078 usd
fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-27518 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
18868 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
19072 usd
fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
3858310 usd
fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
801686 usd
fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21611879 shares
fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21377978 shares
fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
323166 shares
fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
1244353 shares
fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
243171 shares
fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
834703 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22403447 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23682265 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2022Q3 fpay Net Incomelosses
NetIncomelosses
-6280434 usd
CY2021Q3 fpay Net Incomelosses
NetIncomelosses
1696023 usd
CY2022Q3 fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-609778 usd
CY2021Q3 fpay Convertible Series2 Preferred Share Dividends
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-609777 usd
CY2022Q3 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
-6890212 usd
CY2021Q3 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
1086246 usd
CY2021Q3 fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-17678 usd
CY2022Q3 fpay Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
13364953 usd
CY2021Q4 fpay Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
27703278 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
33425123 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25473154 usd
CY2022Q3 fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
16174329 usd
fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
56977427 usd
CY2021Q3 fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
18437746 usd
fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
27454106 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27703278 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22138541 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
42639102 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
40342618 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
56977427 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
34777881 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13364953 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27703278 usd
CY2022Q3 fpay Lease Merchandise At Cost
LeaseMerchandiseAtCost
68329607 usd
CY2021Q4 fpay Lease Merchandise At Cost
LeaseMerchandiseAtCost
72159063 usd
CY2022Q3 fpay Accumulated Depreciation
AccumulatedDepreciation
34037173 usd
CY2021Q4 fpay Accumulated Depreciation
AccumulatedDepreciation
29505431 usd
CY2022Q3 fpay Impairment Reserve
ImpairmentReserve
3639610 usd
CY2021Q4 fpay Impairment Reserve
ImpairmentReserve
1711520 usd
CY2022Q3 fpay Lease Merchandise Net
LeaseMerchandiseNet
30652824 usd
CY2021Q4 fpay Lease Merchandise Net
LeaseMerchandiseNet
40942112 usd
CY2022Q3 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
4396421 usd
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
1938570 usd
CY2021Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
4339 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
54236 usd
CY2022Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
38580116 usd
CY2021Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
42528079 usd
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
117774390 usd
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
124720272 usd
CY2022Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
15075109 usd
CY2021Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
11787960 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
42639102 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
30566352 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1007079 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7611586 usd
CY2022Q3 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
24512086 usd
CY2021Q3 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
30740119 usd
fpay Lease Revenues And Fees
LeaseRevenuesAndFees
82746874 usd
fpay Lease Revenues And Fees
LeaseRevenuesAndFees
94153920 usd
CY2022Q3 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
56283 usd
fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
161895 usd
CY2021Q3 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
41794 usd
fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
171918 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2307 usd
CY2021Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
6356 usd
CY2022Q3 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
-6890212 usd
CY2021Q3 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
1074924 usd
CY2022Q3 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21681853 shares
CY2021Q3 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21383647 shares
CY2021Q3 fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
CY2021Q3 fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
1112537 shares
CY2021Q3 fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
855764 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
21681853 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23577179 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
769 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
769 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2307 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
456000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
774000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2747000 usd
fpay Largest Benefit Percentage
LargestBenefitPercentage
0.50 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13067387 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11734032 shares
CY2022Q3 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
507897 usd
CY2022Q3 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
510625 usd
fpay Operating Leases Rent Expense Monthly Rent
OperatingLeasesRentExpenseMonthlyRent
2300 usd
CY2019Q1 fpay Term Of Lease
TermOfLease
P108M
CY2019Q1 us-gaap Area Of Land
AreaOfLand
21622 sqm
CY2019Q1 fpay Conversion Of Stock Options Into Common Stock
ConversionOfStockOptionsIntoCommonStock
31500 usd
CY2019Q1 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.03 pure
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
8800 usd
fpay Operating Leases Rent Expense
OperatingLeasesRentExpense
531000 usd
fpay Operating Leases Rent Expense
OperatingLeasesRentExpense
492000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
133000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
506000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
435000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
443000 usd
CY2022Q3 us-gaap Payments For Software
PaymentsForSoftware
1485669 usd
us-gaap Payments For Software
PaymentsForSoftware
3755750 usd
CY2021Q3 us-gaap Payments For Software
PaymentsForSoftware
900031 usd
us-gaap Payments For Software
PaymentsForSoftware
2015746 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
759825 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2064681 usd
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
572195 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1726199 usd
CY2022Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
458018 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1220722 usd
CY2021Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
461379 usd
CY2022Q3 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
162290 usd
fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
371949 usd
CY2021Q3 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
24406 usd
fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
9 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2022Q3 fpay Total Lease Assets
TotalLeaseAssets
1445159 usd
CY2021Q4 fpay Total Lease Assets
TotalLeaseAssets
1553330 usd
CY2022Q3 fpay Total Lease Liabilities
TotalLeaseLiabilities
1822064 usd
CY2021Q4 fpay Total Lease Liabilities
TotalLeaseLiabilities
1947355 usd
fpay Term Of Lease
TermOfLease
P12M
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2022Q3 fpay Net Incomelosses
NetIncomelosses
-6280434 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
292056 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
303871 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
302075 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
300415 usd
fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
8388 usd
fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
8388 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due Current
OperatingLeaseFutureMinimumPaymentsDueCurrent
103371 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Two Years
OperatingLeaseFutureMinimumPaymentsDueInTwoYears
417606 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Three Years
OperatingLeaseFutureMinimumPaymentsDueInThreeYears
430134 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Four Years
OperatingLeaseFutureMinimumPaymentsDueInFourYears
443038 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Five Years
OperatingLeaseFutureMinimumPaymentsDueInFiveYears
456330 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due Thereafter
OperatingLeaseFutureMinimumPaymentsDueThereafter
773593 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due
OperatingLeaseFutureMinimumPaymentsDue
2624072 usd
CY2022Q3 fpay Interest
Interest
-817509 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1806563 usd
CY2021Q3 fpay Net Incomelosses
NetIncomelosses
1696023 usd
CY2022Q3 fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-609778 usd
fpay Net Incomelosses
NetIncomelosses
5727852 usd
fpay Net Incomelosses
NetIncomelosses
2639454 usd
fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-1829332 usd
fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-1829322 usd
fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
3898520 usd
fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
810132 usd
fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-59078 usd
fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-27518 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
18868 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
19072 usd
fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
3858310 usd
fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
801686 usd
fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21611879 shares
fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21377978 shares
fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
323166 shares
fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
1244353 shares
fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
243171 shares
fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
834703 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22403447 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23682265 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2021Q3 fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-609777 usd
CY2022Q3 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
-6890212 usd
CY2021Q3 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
1086246 usd
CY2021Q3 fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-17678 usd
CY2021Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
6356 usd
CY2022Q3 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
-6890212 usd
CY2021Q3 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
1074924 usd
CY2022Q3 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21681853 shares
CY2021Q3 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21383647 shares
CY2021Q3 fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
CY2021Q3 fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
1112537 shares
CY2021Q3 fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
855764 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
21681853 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23577179 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2021Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
12485230 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
7416249 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
109628 usd
fpay Schedule Of Undiscounted Finance Lease Liabilities
ScheduleOfUndiscountedFinanceLeaseLiabilities
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-size: 10pt"><b>Finance Leases</b></span></td> <td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 88%"><span style="font-size: 10pt">2022</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font-size: 10pt">$</span></td> <td style="width: 9%; text-align: right"><span style="font-size: 10pt">2,931</span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-size: 10pt">2023</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font-size: 10pt">9,699</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">2024</span></td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-size: 10pt">4,781</span></td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-size: 10pt">Total undiscounted cash flows</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font-size: 10pt">17,411</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">Less: interest</span></td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-size: 10pt">(1,910</span></td> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt"><span style="font-size: 10pt">Present value of lease liabilities</span></td> <td style="padding-bottom: 4pt"> </td> <td style="border-bottom: black 4.5pt double"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 4.5pt double; text-align: right"><span style="font-size: 10pt">15,501</span></td> <td style="padding-bottom: 4pt"> </td></tr> </table>
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2931 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9699 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4781 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
17411 usd
fpay Finance Leaseinterest
FinanceLeaseinterest
1910 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
15501 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22830814 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17975664 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
15414565 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5490434 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1081204 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
683584 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2929335 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2006098 usd
fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1015539 usd
fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1011615 usd
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
45278 usd
CY2021Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
36779 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
147422 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
113523 usd
CY2022Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
46530 usd
CY2021Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
36516 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
151521 usd
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
fpay Description Of Notes Amended And Restated
DescriptionOfNotesAmendedAndRestated
This last amendment extended the maturity date from April 1, 2022 to July 1, 2024 and increased the credit commitment from $3,750,000 to $11,000,000.
CY2021Q1 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
237000 usd
CY2022Q3 fpay Loans Percentage
LoansPercentage
1 pure
CY2022Q3 fpay Loans Percentage
LoansPercentage
1 pure
fpay Schedule Of Covenant Requirements And Flexshoppers Actual Results
ScheduleOfCovenantRequirementsAndFlexshoppersActualResults
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">September 30, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Required<br/> Covenant</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Actual <br/> Position</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Equity Book Value not less than</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">9,636,387</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">23,082,979</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Liquidity greater than</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,274,219</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash greater than</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,756,086</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Consolidated Total Debt to Equity Book Value ratio not to exceed</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.86</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 fpay Borrowed Credit Agreement
BorrowedCreditAgreement
15055000 usd
fpay Borrowed Credit Agreement
BorrowedCreditAgreement
32855000 usd
CY2021Q3 fpay Borrowed Credit Agreement
BorrowedCreditAgreement
500000 usd
fpay Borrowed Credit Agreement
BorrowedCreditAgreement
4000000 usd
CY2022Q3 fpay Repaid Credit Agreement
RepaidCreditAgreement
4605000 usd
fpay Repaid Credit Agreement
RepaidCreditAgreement
5730000 usd
CY2021Q3 fpay Repaid Credit Agreement
RepaidCreditAgreement
1600000 usd
fpay Repaid Credit Agreement
RepaidCreditAgreement
6575000 usd
fpay Warrants Granted
WarrantsGranted
320000 shares
fpay Issuance Of Shares And Warrants In Eauity Raise Value
IssuanceOfSharesAndWarrantsInEauityRaiseValue
522808 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.63
fpay Warrant Convertible Into Common Stock
WarrantConvertibleIntoCommonStock
116903 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2022Q3 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
507897 usd
CY2022Q3 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
510625 usd
CY2022Q3 fpay Stock Options
StockOptions
238233 usd
fpay Largest Benefit Percentage
LargestBenefitPercentage
0.50 pure
fpay Operating Leases Rent Expense Monthly Rent
OperatingLeasesRentExpenseMonthlyRent
2300 usd
CY2019Q1 fpay Term Of Lease
TermOfLease
P108M
CY2019Q1 us-gaap Area Of Land
AreaOfLand
21622 sqm
CY2019Q1 fpay Conversion Of Stock Options Into Common Stock
ConversionOfStockOptionsIntoCommonStock
31500 usd
CY2019Q1 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.03 pure
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
8800 usd
fpay Operating Leases Rent Expense
OperatingLeasesRentExpense
531000 usd
fpay Operating Leases Rent Expense
OperatingLeasesRentExpense
492000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
133000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
506000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
435000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
443000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
456000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
774000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2747000 usd
CY2022Q3 fpay Total Lease Assets
TotalLeaseAssets
1445159 usd
CY2021Q4 fpay Total Lease Assets
TotalLeaseAssets
1553330 usd
CY2022Q3 fpay Total Lease Liabilities
TotalLeaseLiabilities
1822064 usd
CY2021Q4 fpay Total Lease Liabilities
TotalLeaseLiabilities
1947355 usd
fpay Term Of Lease
TermOfLease
P12M
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Two Years
OperatingLeaseFutureMinimumPaymentsDueInTwoYears
417606 usd
CY2021Q3 fpay Stock Options
StockOptions
265407 usd
fpay Stock Options
StockOptions
762340 usd
fpay Stock Options
StockOptions
894892 usd
CY2022Q3 fpay Performance Share Units
PerformanceShareUnits
-149065 usd
fpay Performance Share Units
PerformanceShareUnits
-187663 usd
CY2022Q3 fpay Total Stockbased Compensation
TotalStockbasedCompensation
387298 usd
CY2021Q3 fpay Total Stockbased Compensation
TotalStockbasedCompensation
265407 usd
fpay Total Stockbased Compensation
TotalStockbasedCompensation
950003 usd
fpay Total Stockbased Compensation
TotalStockbasedCompensation
894892 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
387298 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
950003 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
265407 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
894892 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1452640 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M17D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.69 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.92 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Three Years
OperatingLeaseFutureMinimumPaymentsDueInThreeYears
430134 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Four Years
OperatingLeaseFutureMinimumPaymentsDueInFourYears
443038 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3080904 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.06
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1923642 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1094002 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.5
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
308526 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.85
fpay Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedIntrinsicValue
480029 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7333 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.22
us-gaap Operating Lease Cost
OperatingLeaseCost
292056 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
303871 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
302075 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
300415 usd
fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
8388 usd
fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
8388 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due Current
OperatingLeaseFutureMinimumPaymentsDueCurrent
103371 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due In Five Years
OperatingLeaseFutureMinimumPaymentsDueInFiveYears
456330 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due Thereafter
OperatingLeaseFutureMinimumPaymentsDueThereafter
773593 usd
CY2022Q3 fpay Operating Lease Future Minimum Payments Due
OperatingLeaseFutureMinimumPaymentsDue
2624072 usd
CY2022Q3 fpay Interest
Interest
-817509 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1806563 usd
fpay Schedule Of Undiscounted Finance Lease Liabilities
ScheduleOfUndiscountedFinanceLeaseLiabilities
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-size: 10pt"><b>Finance Leases</b></span></td> <td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 88%"><span style="font-size: 10pt">2022</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font-size: 10pt">$</span></td> <td style="width: 9%; text-align: right"><span style="font-size: 10pt">2,931</span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-size: 10pt">2023</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font-size: 10pt">9,699</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">2024</span></td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-size: 10pt">4,781</span></td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-size: 10pt">Total undiscounted cash flows</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font-size: 10pt">17,411</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">Less: interest</span></td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-size: 10pt">(1,910</span></td> <td style="padding-bottom: 1.5pt"><span style="font-size: 10pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt"><span style="font-size: 10pt">Present value of lease liabilities</span></td> <td style="padding-bottom: 4pt"> </td> <td style="border-bottom: black 4.5pt double"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 4.5pt double; text-align: right"><span style="font-size: 10pt">15,501</span></td> <td style="padding-bottom: 4pt"> </td></tr> </table>
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2931 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9699 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4781 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
17411 usd
fpay Finance Leaseinterest
FinanceLeaseinterest
1910 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
15501 usd
CY2022Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
2273 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
25000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
1.7
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3834047 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2
fpay Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm2
P6Y11M15D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1219962 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2694862 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.1
fpay Sharebased Compensation Arrangement By Sharebased Payment Award Option Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm3
P6Y5M23D
CY2022Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Aggregate Intrinsic Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExercisableAggregateIntrinsicValue1
928330 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2595700 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.92
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2491026 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
592348 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
30999 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.81
fpay Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedIntrinsicValue
68278 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
43334 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.13
CY2021Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
53952 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3113715 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.04
fpay Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm2
P6Y11M8D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3855698 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2127537 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.03
fpay Sharebased Compensation Arrangement By Sharebased Payment Award Option Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm3
P7Y7D
CY2021Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Aggregate Intrinsic Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExercisableAggregateIntrinsicValue1
2850630 usd
fpay Weighted Average Grant Fair Value
WeightedAverageGrantFairValue
0.91
fpay Weighted Average Grant Fair Value
WeightedAverageGrantFairValue
1.77
fpay Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod1
790327 shares
fpay Weighted Average Grant Date Fair Value Granted
WeightedAverageGrantDateFairValueGranted
P1Y6M10D
fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber1
790327 shares
fpay Weighted Average Grant Date Fair Value Non Vested1
WeightedAverageGrantDateFairValueNonVested1
P1Y6M10D
fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1015539 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22830814 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17975664 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
15414565 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
12485230 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
7416249 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5490434 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1081204 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
683584 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2929335 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2006098 usd
fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1011615 usd
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
45278 usd
CY2021Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
36779 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
147422 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
113523 usd
CY2022Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
46530 usd
CY2021Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
36516 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
151521 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
109628 usd
fpay Description Of Notes Amended And Restated
DescriptionOfNotesAmendedAndRestated
This last amendment extended the maturity date from April 1, 2022 to July 1, 2024 and increased the credit commitment from $3,750,000 to $11,000,000.
CY2021Q1 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
237000 usd
CY2022Q3 fpay Loans Percentage
LoansPercentage
1 pure
CY2022Q3 fpay Loans Percentage
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1 pure
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fpay Schedule Of Covenant Requirements And Flexshoppers Actual Results
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">September 30, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Required<br/> Covenant</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Actual <br/> Position</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Equity Book Value not less than</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">9,636,387</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">23,082,979</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Liquidity greater than</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,274,219</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash greater than</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,756,086</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Consolidated Total Debt to Equity Book Value ratio not to exceed</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.86</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2021Q3 fpay Borrowed Credit Agreement
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>11. CONTINGENCIES AND OTHER UNCERTAINTIES</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Regulatory inquiries</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first quarter of 2021, FlexShopper, along with a number of other lease-to-own companies, received a subpoena from the California Department of Financial Protection and Innovation (the “DFPI”) requesting the production of documents and information regarding the Company’s compliance with state consumer protection laws. The Company is cooperatively engaging with the DFPI in response to its inquiry. Although the Company believes it is in compliance with all applicable consumer protection laws and regulations in California, this inquiry ultimately could lead to an enforcement action and/or a consent order, and substantial costs, including legal fees, fines, penalties, and remediation expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>COVID-19</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The extent of the impact and effects of the outbreak of the coronavirus (COVID-19) on the operation and financial performance of our business will depend on future developments, including the duration and spread of the outbreak, the recovery time of the disrupted supply chains, or the uncertainty with respect to the accessibility of additional liquidity or capital markets, all of which are highly uncertain and cannot be predicted. If the demand for the Company’s leases is impacted by this outbreak for an extended period, our results of operations may be materially adversely affected.</p>
CY2020Q2 us-gaap Debt Instrument Periodic Payment Principal
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CY2022Q3 fpay Loans Percentage
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1 pure
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
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fpay Total Stockbased Compensation
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CY2022Q3 fpay Net Income Attributables To Series1 Convertible Preferred Stock
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CY2022Q3 fpay Number Of Series One Convertible Preferred Stock
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CY2022Q3 fpay Common Stock Optionsin Shares
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CY2022Q3 fpay Common Stock Warrantsin Shares
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CY2021Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
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CY2021Q3 fpay Performance Share Units
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.69 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.92 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
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fpay Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Intrinsic Value
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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2.22
CY2022Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
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2273 usd
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25000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021Q3 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>11. CONTINGENCIES AND OTHER UNCERTAINTIES</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Regulatory inquiries</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first quarter of 2021, FlexShopper, along with a number of other lease-to-own companies, received a subpoena from the California Department of Financial Protection and Innovation (the “DFPI”) requesting the production of documents and information regarding the Company’s compliance with state consumer protection laws. The Company is cooperatively engaging with the DFPI in response to its inquiry. Although the Company believes it is in compliance with all applicable consumer protection laws and regulations in California, this inquiry ultimately could lead to an enforcement action and/or a consent order, and substantial costs, including legal fees, fines, penalties, and remediation expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>COVID-19</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The extent of the impact and effects of the outbreak of the coronavirus (COVID-19) on the operation and financial performance of our business will depend on future developments, including the duration and spread of the outbreak, the recovery time of the disrupted supply chains, or the uncertainty with respect to the accessibility of additional liquidity or capital markets, all of which are highly uncertain and cannot be predicted. If the demand for the Company’s leases is impacted by this outbreak for an extended period, our results of operations may be materially adversely affected.</p>
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CY2022Q3 fpay Loans Percentage
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Files In Submission

Name View Source Status
fpay-20220930_cal.xml Edgar Link unprocessable
fpay-20220930_def.xml Edgar Link unprocessable
fpay-20220930_pre.xml Edgar Link unprocessable
0001213900-22-071148-index-headers.html Edgar Link pending
0001213900-22-071148-index.html Edgar Link pending
0001213900-22-071148.txt Edgar Link pending
0001213900-22-071148-xbrl.zip Edgar Link pending
f10q0922ex31-1_flexshopper.htm Edgar Link pending
f10q0922ex31-2_flexshopper.htm Edgar Link pending
f10q0922ex32-1_flexshopper.htm Edgar Link pending
f10q0922ex32-2_flexshopper.htm Edgar Link pending
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