FPAY · As filed with the SEC
FlexShopper income statement, by quarter
The statement as FlexShopper presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Condensed Consolidated Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | Q3 2024 3 months ended Sep 30, 2024 | Q2 2024 3 months ended Jun 30, 2024 | Q1 2024 3 months ended Mar 31, 2024 | Q4 2023† 3 months ended Dec 31, 2023 |
|---|---|---|---|---|
| Revenues: | ||||
| Lease revenues and fees, net | — | — | 25,833,736 | 23,240,528† |
| Loan revenues and fees, net of changes in fair value | — | — | 7,331,277 | 7,030,221† |
| Retail revenues | — | — | 779,860 | — |
| Total revenues | 38,588,501 | — | — | — |
| Lease revenues and fees, net | 28,364,190 | 27,074,048 | — | — |
| Loan revenues and fees, net of changes in fair value | 9,047,165 | 3,314,375 | — | — |
| Retail revenues | 1,177,146 | 1,370,462 | — | — |
| Total revenues | — | 31,758,885 | 33,944,873 | 30,270,749† |
| Costs and expenses: | ||||
| Depreciation and impairment of lease merchandise | — | — | — | 13,394,965† |
| Depreciation and impairment of lease merchandise | 14,486,564 | 13,848,925 | 14,685,863 | — |
| Loan origination costs and fees | 677,913 | 896,040 | 821,827 | 1,129,440† |
| Cost of retail revenues | — | 1,059,098 | 611,204 | — |
| Cost of retail revenues | 923,203 | — | — | — |
| Marketing | 2,005,559 | 2,545,814 | 1,765,572 | 3,361,891† |
| Salaries and benefits | 4,049,422 | 4,224,614 | 4,083,918 | 3,565,101† |
| Operating expenses | 6,888,348 | 6,807,328 | 6,932,507 | 6,881,363† |
| Total costs and expenses | 29,031,009 | 29,381,819 | 28,900,891 | 24,654,071† |
| Operating income | 9,557,492 | 2,377,066 | 5,043,982 | 5,616,678† |
| Interest expense including amortization of debt issuance costs | — | (5,226,155) | 5,315,094 | (5,067,088)† |
| Interest expense including amortization of debt issuance costs | (5,672,594) | — | — | — |
| Income/ (loss) before income taxes | 3,884,898 | (2,849,089) | (271,112) | 549,590† |
| Income taxes (expense)/ benefit | (1,518,514) | 1,246,030 | 56,933 | (195,438)† |
| Net income/ (loss) | 2,366,384 | (1,603,059) | (214,179) | 354,152† |
| Dividends on Series 2 Convertible Preferred Shares | (1,176,402) | (1,091,742) | 1,069,456 | 7,137,820† |
| Net loss attributable to common and Series 1 Convertible Preferred shareholders | — | (2,694,801) | (1,283,635) | (715,304)† |
| Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders - basic | 1,189,982 | — | — | — |
| Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders - diluted | 1,189,982 | — | — | — |
| Basic and diluted income/ (loss) per common share: | ||||
| Basic (in dollars per share) | 0.05 | (0.13) | (0.06) | — |
| Diluted (in dollars per share) | 0.05 | (0.13) | (0.06) | — |
| WEIGHTED AVERAGE COMMON SHARES: | ||||
| Basic (in shares) | 21,586,935 | 21,469,720 | 21,586,019 | — |
| Diluted (in shares) | 22,231,788 | 21,469,720 | 21,586,019 | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.