2023 Q2 Form 10-K Financial Statement

#000121390023032044 Filed on April 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $24.53M $21.41M $113.1M
YoY Change -32.88% -31.14% -9.86%
Cost Of Revenue $16.14M $17.57M $75.94M
YoY Change -11.35% -6.93% -4.09%
Gross Profit $8.391M $3.843M $37.12M
YoY Change -54.25% -68.55% -19.75%
Gross Profit Margin 34.21% 17.95% 32.83%
Selling, General & Admin $5.230M $5.537M $24.40M
YoY Change -28.16% -17.58% 18.32%
% of Gross Profit 62.33% 144.09% 65.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.207M $1.466M $4.038M
YoY Change 7.63% -92.06% -94.72%
% of Gross Profit 14.38% 38.15% 10.88%
Operating Expenses $26.56M $26.89M $119.4M
YoY Change 99.15% 137.31% 206.96%
Operating Profit -$2.031M -$23.04M -$6.303M
YoY Change -140.61% -2695.85% -185.59%
Interest Expense $4.569M -$3.825M $11.16M
YoY Change 94.59% 176.49% -313.06%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.600M $5.161M -$3.003M
YoY Change -348.61% -1140.93% -174.01%
Income Tax -$1.302M -$2.743M -$16.64M
% Of Pretax Income -53.14%
Net Earnings -$5.298M $5.941M $13.63M
YoY Change -136.82% 838.05% 316.52%
Net Earnings / Revenue -21.59% 27.75% 12.06%
Basic Earnings Per Share -$0.22 $0.45
Diluted Earnings Per Share -$0.22 $0.26 $0.44
COMMON SHARES
Basic Shares Outstanding 21.75M shares 21.75M shares 21.65M shares
Diluted Shares Outstanding 28.92M shares 22.43M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.373M $6.052M $6.052M
YoY Change 27.75% 18.79% 18.79%
Cash & Equivalents $6.373M $6.052M
Short-Term Investments
Other Short-Term Assets $27.67M $35.16M $35.16M
YoY Change -26.62% -16.08% -16.08%
Inventory
Prepaid Expenses $3.069M $3.489M
Receivables $39.23M $35.54M
Other Receivables
Total Short-Term Assets $98.38M $109.7M $109.7M
YoY Change 0.09% 42.65% 42.65%
LONG-TERM ASSETS
Property, Plant & Equipment $8.831M $8.087M $9.493M
YoY Change -6.05% 3.13% 21.07%
Goodwill
YoY Change
Intangibles $14.28M $15.16M
YoY Change 305592.52%
Long-Term Investments
YoY Change
Other Assets $15.30M $13.95M $13.95M
YoY Change 24.22% 17879.58% 17879.58%
Total Long-Term Assets $39.74M $38.60M $38.60M
YoY Change 82.95% 387.5% 387.5%
TOTAL ASSETS
Total Short-Term Assets $98.38M $109.7M $109.7M
Total Long-Term Assets $39.74M $38.60M $38.60M
Total Assets $138.1M $148.3M $148.3M
YoY Change 15.09% 74.84% 74.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.005M $6.512M $6.512M
YoY Change -23.6% -18.42% -18.42%
Accrued Expenses $2.387M $3.988M $4.307M
YoY Change -50.04% 33.49% 21.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.427M $1.409M $1.409M
YoY Change 21.31% 32.69% 32.69%
Total Short-Term Liabilities $8.128M $12.23M $12.23M
YoY Change -31.09% -2.85% -2.85%
LONG-TERM LIABILITIES
Long-Term Debt $101.2M $94.76M $94.76M
YoY Change 30.62% 76.05% 76.05%
Other Long-Term Liabilities $1.448M $10.27M $10.27M
YoY Change 712.63% 1973.19% 482.76%
Total Long-Term Liabilities $102.7M $105.0M $105.0M
YoY Change 57542.54% 21110.37% 88.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.128M $12.23M $12.23M
Total Long-Term Liabilities $102.7M $105.0M $105.0M
Total Liabilities $110.8M $117.3M $117.3M
YoY Change 21.58% 70.76% 70.76%
SHAREHOLDERS EQUITY
Retained Earnings -$37.12M -$31.59M
YoY Change 11.76% -30.14%
Common Stock $2.176K $2.176K
YoY Change 0.69% 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.29M $31.03M $31.03M
YoY Change
Total Liabilities & Shareholders Equity $138.1M $148.3M $148.3M
YoY Change 15.09% 74.84% 74.84%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$5.298M $5.941M $13.63M
YoY Change -136.82% 838.05% 316.52%
Depreciation, Depletion And Amortization $1.207M $1.466M $4.038M
YoY Change 7.63% -92.06% -94.72%
Cash From Operating Activities -$128.3K -$3.691M -$31.24M
YoY Change -98.91% -70.27% 177.51%
INVESTING ACTIVITIES
Capital Expenditures $1.535M $2.063M $6.498M
YoY Change -171.95% -238.45% -231.29%
Acquisitions
YoY Change
Other Investing Activities $2.938M $2.938M
YoY Change
Cash From Investing Activities -$1.535M $875.2K -$5.201M
YoY Change -28.05% -158.73% 5.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.827M 3.234M $37.52M
YoY Change -112.19% -79.6% 194.04%
NET CHANGE
Cash From Operating Activities -128.3K -3.691M -$31.24M
Cash From Investing Activities -1.535M 875.2K -$5.201M
Cash From Financing Activities -1.827M 3.234M $37.52M
Net Change In Cash -3.491M 417.2K $1.079M
YoY Change -408.83% -78.57% -131.3%
FREE CASH FLOW
Cash From Operating Activities -$128.3K -$3.691M -$31.24M
Capital Expenditures $1.535M $2.063M $6.498M
Free Cash Flow -$1.663M -$5.755M -$37.74M
YoY Change -82.67% -47.33% 498.35%

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InterestInKindAddedToPromissoryNotesBalance
9460 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17282364 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
495166 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
1931825 usd
CY2022 fpay Gain On Bargain Purchase
GainOnBargainPurchase
14461274 usd
CY2022 fpay Net Changes In The Fair Value Of Loans Receivable At Fair Value
NetChangesInTheFairValueOfLoansReceivableAtFairValue
9559979 usd
CY2021 fpay Net Changes In The Fair Value Of Loans Receivable At Fair Value
NetChangesInTheFairValueOfLoansReceivableAtFairValue
-248984 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
76308475 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
56738233 usd
CY2022 fpay Increase Decrease In Loans Receivable At Fair Value
IncreaseDecreaseInLoansReceivableAtFairValue
25612049 usd
CY2021 fpay Increase Decrease In Loans Receivable At Fair Value
IncreaseDecreaseInLoansReceivableAtFairValue
3221679 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1665880 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
87394 usd
CY2022 fpay Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
63164760 usd
CY2021 fpay Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
76789165 usd
CY2022 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-4956 usd
CY2021 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-8338 usd
CY2022 fpay Purchase Consideration Payable Related To Acquisition
PurchaseConsiderationPayableRelatedToAcquisition
164102 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-14488 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5811 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1976844 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
74561 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-80258 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-165461 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
143940 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1009468 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
331542 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31236936 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11256031 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
2938355 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6498115 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4065384 usd
CY2022 fpay Purchases Of Data Costs
PurchasesOfDataCosts
1640885 usd
CY2021 fpay Purchases Of Data Costs
PurchasesOfDataCosts
884160 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5200645 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4949544 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
36455000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
19850000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
5730000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
6575000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
166745 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
565273 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
261505 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
68172 usd
CY2022 fpay Proceeds From Debt Instrument
ProceedsFromDebtInstrument
7000000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11184 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7707 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
283266 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
9022 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
11207 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37516288 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12758985 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1078707 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3446590 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6173349 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5094642 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10289334 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4945690 usd
CY2022 fpay Acquisition Of Loan Receivables At Fair Value
AcquisitionOfLoanReceivablesAtFairValue
13320326 usd
CY2022 fpay Acquisition Of Property And Equipment
AcquisitionOfPropertyAndEquipment
136249 usd
CY2022 fpay Acquisition Of Intangible Assets
AcquisitionOfIntangibleAssets
15307894 usd
CY2022 fpay Acquisition Of Purchase Consideration Payable Related To Acquisition
AcquisitionOfPurchaseConsiderationPayableRelatedToAcquisition
8539582 usd
CY2022 fpay Acquisition Of Accounts Payable
AcquisitionOfAccountsPayable
506607 usd
CY2022 fpay Acquisition Of Deferred Tax Liability
AcquisitionOfDeferredTaxLiability
4773370 usd
CY2022 fpay Issuance Of Promissory Note Related To Acquisition
IssuanceOfPromissoryNoteRelatedToAcquisition
3421991 usd
CY2021 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
124505432 usd
CY2022 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
38416 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6051713 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4986559 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
121636 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
108083 usd
CY2022Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
6173349 usd
CY2021Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
5094642 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
48618843 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
53176432 usd
CY2022Q4 fpay Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
13078800 usd
CY2021Q4 fpay Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
27703278 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
35540043 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25473154 usd
CY2022 fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
72044958 usd
CY2021 fpay Accounts Receivable Charged Off Against Allowance
AccountsReceivableChargedOffAgainstAllowance
34777881 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27703278 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22138541 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
57420480 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
40342618 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
72044958 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
34777881 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13078800 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27703278 usd
CY2021 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
-833675 usd
CY2022Q4 fpay Lease Merchandise At Cost
LeaseMerchandiseAtCost
62379920 usd
CY2021Q4 fpay Lease Merchandise At Cost
LeaseMerchandiseAtCost
72159063 usd
CY2022Q4 fpay Impairment Reserve
ImpairmentReserve
30829479 usd
CY2021Q4 fpay Impairment Reserve
ImpairmentReserve
31216951 usd
CY2022Q4 fpay Lease Merchandise Net
LeaseMerchandiseNet
31550441 usd
CY2021Q4 fpay Lease Merchandise Net
LeaseMerchandiseNet
40942112 usd
CY2022 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
9559979 usd
CY2021 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
248984 usd
CY2022 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
154535446 usd
CY2021 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
164848050 usd
CY2022 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
57420480 usd
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
40342618 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
8821106 usd
CY2022 fpay Lease Revenues And Fees
LeaseRevenuesAndFees
105936072 usd
CY2022 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
227568 usd
CY2021 fpay Interest Expense Debt Including Amortization
InterestExpenseDebtIncludingAmortization
213814 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
150505 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3076 usd
CY2022 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
7 years
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
4037936 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2786109 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
5240437 usd
CY2021 us-gaap Payments For Software
PaymentsForSoftware
2816939 usd
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
4361 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2907435 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2317626 usd
CY2022 fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-140374 usd
CY2021 fpay Net Income Attributables To Series1 Convertible Preferred Stock
NetIncomeAttributablesToSeries1ConvertiblePreferredStock
-34106 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1640885 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
884160 usd
CY2022 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
581173 usd
CY2021 fpay Capitalized Data Costs Amortization Expense
CapitalizedDataCostsAmortizationExpense
86717 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13152568 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11523917 shares
CY2022 fpay Net Incomelosses
NetIncomelosses
-13631719 usd
CY2021 fpay Net Incomelosses
NetIncomelosses
-3272774 usd
CY2022 fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-3730580 usd
CY2021 fpay Convertible Series2 Preferred Share Dividends
ConvertibleSeries2PreferredShareDividends
-2439099 usd
CY2022 fpay Net Incomeloss Attributable To Common And Series1 Convertible Preferred Stock
NetIncomelossAttributableToCommonAndSeries1ConvertiblePreferredStock
-9901139 usd
CY2021 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
25418 usd
CY2022 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
9799181 usd
CY2021 fpay Net Incomeloss Attributable To Common Shares After Assumed Conversions Numerator For Diluted Eps
NetIncomelossAttributableToCommonSharesAfterAssumedConversionsNumeratorForDilutedEps
824987 usd
CY2022 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21646896 shares
CY2021 fpay Weighted Average Of Common Shares Outstanding Denominator For Basic Eps
WeightedAverageOfCommonSharesOutstandingDenominatorForBasicEPS
21387960 shares
CY2022 fpay Number Of Series One Convertible Preferred Stock
NumberOfSeriesOneConvertiblePreferredStock
225231 usd
CY2022 fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
351576 shares
CY2021 fpay Common Stock Optionsin Shares
CommonStockOptionsinShares
978978 shares
CY2022 fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
201651 shares
CY2021 fpay Common Stock Warrantsin Shares
CommonStockWarrantsinShares
861026 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22425354 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23227964 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
203182 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
1841812 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
6947224 usd
CY2022 fpay Largest Benefit Percentage
LargestBenefitPercentage
0.50 pure
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassifications</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">Certain prior year balances have been reclassified to conform with the current year presentation. These reclassifications primarily include separating the prepaid expenses, right of use asset and loan revenues and fees, net of changes in fair value as separate line items.  </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 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
CY2022Q4 fpay Total Lease Assets
TotalLeaseAssets
1406270 usd
CY2021Q4 fpay Total Lease Assets
TotalLeaseAssets
1553330 usd
CY2022Q4 fpay Total Lease Liabilities
TotalLeaseLiabilities
1774623 usd
CY2021Q4 fpay Total Lease Liabilities
TotalLeaseLiabilities
1947355 usd
CY2022 fpay Term Of Lease
TermOfLease
P12M
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
389647 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
401463 usd
CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Aggregate Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueGranted
usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
405443 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
400771 usd
CY2022 fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
11184 usd
CY2021 fpay Finance Lease Principal Payment
FinanceLeasePrincipalPayment
11184 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due Current
OperatingLeaseFutureMinimumPaymentsDueCurrent
417606 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due In Two Years
OperatingLeaseFutureMinimumPaymentsDueInTwoYears
430134 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due In Three Years
OperatingLeaseFutureMinimumPaymentsDueInThreeYears
443038 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due In Four Years
OperatingLeaseFutureMinimumPaymentsDueInFourYears
456330 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due In Five Years
OperatingLeaseFutureMinimumPaymentsDueInFiveYears
470019 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due Thereafter
OperatingLeaseFutureMinimumPaymentsDueThereafter
303574 usd
CY2022Q4 fpay Operating Lease Future Minimum Payments Due
OperatingLeaseFutureMinimumPaymentsDue
2520701 usd
CY2022Q4 fpay Interest
Interest
-759144 usd
CY2022Q4 fpay Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
1761557 usd
CY2022 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="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Finance Leases</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$ </span></td> <td style="text-align: right; width: 9%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,699</span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td> <td> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,782</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total undiscounted cash flows</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,481</span></td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: interest</span></td> <td> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1,415</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Present value of lease liabilities</span></td> <td> </td> <td style="border-bottom: black 4.5pt double"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 4.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,066</span></td> <td> </td></tr> </table>
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9699 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4782 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14481 usd
CY2022 fpay Finance Leaseinterest
FinanceLeaseinterest
1415 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
13066 usd
CY2022 fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1017826 usd
CY2021 fpay Principal Accrued Unpaid Interestoutstanding
PrincipalAccruedUnpaidInterestoutstanding
1011439 usd
CY2022 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
196338 usd
CY2021 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
148011 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
211349 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24610028 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17975664 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16523166 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12485230 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8086862 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5490434 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4037936 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2786109 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15338654 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-176305 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15162349 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30760 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-25800 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4960 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
150505 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3076 usd
CY2022 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 $11,000,000.
CY2021Q1 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
237000 usd
CY2022Q3 fpay Loans Percentage
LoansPercentage
1 pure
CY2022Q3 fpay Loans Percentage
LoansPercentage
1 pure
CY2022 fpay Schedule Of Covenant Requirements And Flexshoppers Actual Results
ScheduleOfCovenantRequirementsAndFlexshoppersActualResults
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Required<br/> Covenant</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Actual <br/> Position</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Equity Book Value not less than</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</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">31,034,673</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">6,051,713</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">6,173,350</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">3.14</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>
CY2022 fpay Borrowed Credit Agreement
BorrowedCreditAgreement
36455000 usd
CY2021 fpay Borrowed Credit Agreement
BorrowedCreditAgreement
19850000 usd
CY2022 fpay Repaid Credit Agreement
RepaidCreditAgreement
5730000 usd
CY2021 fpay Repaid Credit Agreement
RepaidCreditAgreement
6575000 usd
CY2022 fpay Credit Agreement Interest Rate
CreditAgreementInterestRate
0.04 pure
CY2020Q3 fpay Warrant Exercise Price
WarrantExercisePrice
1.6
CY2020Q3 fpay Warrants Expiration Period
WarrantsExpirationPeriod
P4Y
CY2022 fpay Warrants Granted
WarrantsGranted
320000 shares
CY2022 fpay Issuance Of Shares And Warrants In Eauity Raise Value
IssuanceOfSharesAndWarrantsInEauityRaiseValue
522808 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.63
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.85
CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedIntrinsicValue
480029 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7333 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.22
CY2022Q4 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
2273 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
25000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
1.7
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3919228 shares
CY2022 fpay Warrant Convertible Into Common Stock
WarrantConvertibleIntoCommonStock
116903 shares
CY2022 fpay Stock Options
StockOptions
997830 usd
CY2021 fpay Stock Options
StockOptions
1125819 usd
CY2022 fpay Total Stockbased Compensation
TotalStockbasedCompensation
997830 usd
CY2021 fpay Total Stockbased Compensation
TotalStockbasedCompensation
1125819 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
997830 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1125819 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
860070 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y5M15D
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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1179183 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.45
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
308526 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.97
CY2022 fpay Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm2
P6Y9M10D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
52223 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3152169 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.02
CY2022 fpay Sharebased Compensation Arrangement By Sharebased Payment Award Option Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm3
P6Y6M7D
CY2022Q4 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Aggregate Intrinsic Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExercisableAggregateIntrinsicValue1
52223 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
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
626238 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.52
CY2021 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Aggregate Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueGranted
74482 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
82333 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.83
CY2021 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedIntrinsicValue
151544 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
58701 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.65
CY2021Q4 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
58285 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
CY2021 fpay Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm2
P6Y8M19D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1923642 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2307571 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.04
CY2021 fpay Sharebased Compensation Arrangement By Sharebased Payment Award Option Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm3
P6Y10M13D
CY2021Q4 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Aggregate Intrinsic Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExercisableAggregateIntrinsicValue1
1674967 usd
CY2022 fpay Weighted Average Grant Fair Value
WeightedAverageGrantFairValue
0.9
CY2021 fpay Weighted Average Grant Fair Value
WeightedAverageGrantFairValue
1.75
CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod1
790327 shares
CY2022 fpay Weighted Average Grant Date Fair Value Granted
WeightedAverageGrantDateFairValueGranted
P1Y6M10D
CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber1
790327 shares
CY2022 fpay Weighted Average Grant Date Fair Value Non Vested1
WeightedAverageGrantDateFairValueNonVested1
P1Y6M10D
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-630700 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
852198 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-736962 usd
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-487093 usd
CY2022 fpay Tax Impact On Gain On Bargain Purchase
TaxImpactOnGainOnBargainPurchase
-3036868 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
123933 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-259967 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7862 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
59168 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-12525690 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
614112 usd
CY2022 fpay Benefit Income Other
BenefitIncomeOther
163374 usd
CY2021 fpay Benefit Income Other
BenefitIncomeOther
6892 usd
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-16635051 usd
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
785310 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
428111 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
479956 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
3240968 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
6847189 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-9153508 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-8085957 usd
CY2022 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
989120 usd
CY2021 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
423022 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
439758 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
481312 usd
CY2022Q4 fpay Deferred Tax Assets Tax Right Of Use Asset
DeferredTaxAssetsTaxRightOfUseAsset
-348478 usd
CY2021Q4 fpay Deferred Tax Assets Tax Right Of Use Asset
DeferredTaxAssetsTaxRightOfUseAsset
-383924 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
16962 usd
CY2022Q4 us-gaap Fair Value Concentration Of Risk Loans Receivable
FairValueConcentrationOfRiskLoansReceivable
2264813 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
32394 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
32394 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
2703639 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
12304134 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
11838840 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
3860104 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
343914 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
4730265 usd
CY2021Q4 fpay Deferredtaxother
Deferredtaxother
-53414 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12013828 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11923332 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12418498 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-12013828 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
495166 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
58591117 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
8153233 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
754505 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
290144 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-13439360 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
495166 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-3950196 usd
CY2022 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-16635051 usd
CY2021 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
785310 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>11. CONTINGENCIES AND OTHER UNCERTAINTIES</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></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"><span style="font-size: 8pt"> </span></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"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Litigation</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is not involved in any current or pending material litigation. The Company could be involved in litigation incidental to the operation of the business. The Company intends to vigorously defend all matters in which the Company is named defendants, and, for insurable losses, maintain significant levels of insurance to protect against adverse judgments, claims or assessments that may affect the Company. Although the adequacy of existing insurance coverage of the outcome of any legal proceedings cannot be predicted with certainty, based on the current information available, the Company does not believe the ultimate liability associated with known claims or litigation, if any, in which the Company is involved will materially affect the Company’s consolidated financial condition or results of operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Employment agreements</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain executive management entered into employment agreements with the Company. The contracts are for a period of three years and renew for three successive one-year terms unless receipt of written notices by the parties. The contracts provide that such management may earn discretionary cash bonuses and equity awards, based on financial performance metrics defined each year by the Compensation Committee of the Company’s Board of Directors. Additionally, under certain termination conditions, such contracts provide for severance payments and other benefits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>COVID-19 and other similar health crisis</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has been, and may in the future, be impacted by COVID-19 or any similar pandemic or health crisis, and this could affect our results of operations, financial condition, or cash flow in the future. The extent and the effects of the impact of any of these events on the operation and financial performance of our business depend on several factors which are highly uncertain and cannot be predicted.</p>
CY2022 us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P3Y
CY2020Q2 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
1914100 usd
CY2022 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
The Note matured on April 30, 2022 and bore interest at the rate of 1.00% per annum, payable monthly commencing on November 30, 2020, following an initial deferral period as specified under the PPP.
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2022 us-gaap Dilutive Securities
DilutiveSecurities
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CY2022Q4 fpay Revolution Transaction Description
RevolutionTransactionDescription
In consideration for the sale of the Revolution net assets, the Company issued an adjustable promissory note (“Seller Note”) with an initial principal amount of $5,000,000. The Seller Note matures on December 1, 2027, bears interest at 8% per annum and is subject to adjustment based upon the pre-tax net income of the acquired business in 2023.
CY2022 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
3421991 usd
CY2022Q4 fpay Promissory Note Related To Acquisition
PromissoryNoteRelatedToAcquisition
1165027 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
2938355 usd
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
13320326 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
136249 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
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CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
31702824 usd
CY2022Q4 fpay Revolution Credit Facility
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CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
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506607 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4773370 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
13819559 usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
17883265 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3421991 usd
CY2022 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
3421991 usd
CY2022 fpay Business Combination Bargain Price
BusinessCombinationBargainPrice
14461274 usd
CY2022 us-gaap Multiemployer Plan Pension Significant Employer Contribution Under Collective Bargaining Arrangement To Total Employer Contribution Percentage
MultiemployerPlanPensionSignificantEmployerContributionUnderCollectiveBargainingArrangementToTotalEmployerContributionPercentage
0.04 pure
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
145161 usd
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
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181328 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2021 fpay Gain On Bargain Purchase Net Of Deferred Taxes
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CY2021 fpay Gain On Sale Of Lease Receivables
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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CY2021 fpay Gain On Bargain Purchase
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CY2021 us-gaap Cash Acquired From Acquisition
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CY2021 fpay Proceeds From Debt Instrument
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CY2021 us-gaap Repayments Of Notes Payable
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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CY2022Q4 fpay Share Based Compensation Arrangement By Shares Based Payment Award Options Vested And Expected To Vest Outstanding Number1
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CY2022Q4 fpay Share Based Compensation Arrangement By Shares Based Payments Award Options Vested And Expected To Vest Outstanding Number1
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CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period1
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CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period1
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CY2022 fpay Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period1
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CY2022 fpay Share Based Compensation Arrangement By Share Based Payments Award Equity Instruments Other Than Options Vested In Period1
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shares
CY2021 fpay Tax Impact On Gain On Bargain Purchase
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001397047

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