FPAY · As filed with the SEC

FlexShopper cash flow 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 Cash Flows · USD

USD	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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/ (loss)	2,366,385^†	(1,603,059)^†	(214,179)	354,152^†
Adjustments to reconcile net income/ (loss) to net cash (used in)/ provided by operating activities:
Depreciation and impairment of lease merchandise	14,486,563^†	13,848,925^†	14,685,863	13,394,965^†
Other depreciation and amortization	2,436,360^†	2,382,726^†	2,315,487	2,206,179^†
Amortization of debt issuance costs	314,702^†	314,702^†	195,095	194,681^†
Amortization of discount on the promissory note related to acquisition	—	—	—	59,238^†
Compensation expense related to stock-based compensation	156,922^†	154,873^†	217,125	341,341^†
Provision for doubtful accounts	8,083,009^†	7,806,427^†	9,484,049	10,381,697^†
Deferred income tax	1,464,378^†	(1,246,030)^†	(56,933)	262,690^†
Net changes in the fair value of loans receivables at fair value	—	(687,480)^†	(4,211,396)	(3,959,575)^†
Changes in operating assets and liabilities:
Lease receivables	(17,113,353)^†	(15,641,522)^†	(14,004,991)	(13,755,747)^†
Loans receivables at fair value	(763,986)^†	59,054^†	548,456	(154,833)^†
Prepaid expenses and other assets	(196,229)^†	(1,188,909)^†	(19,349)	(463,870)^†
Lease merchandise	(12,717,031)^†	(13,808,957)^†	(11,450,933)	(18,929,797)^†
Purchase consideration payable related to acquisition	—	—	—	0^†
Lease liabilities	(12,472)^†	(9,664)^†	(9,665)	(10,702)^†
Accounts payable	(206,494)^†	441,256^†	(3,769,794)	3,129,304^†
Accrued payroll and related taxes	362,442^†	(318,279)^†	122,011	(25,641)^†
Accrued expenses	(287,585)^†	(759,178)^†	525,976	1,144,058^†
Net cash (used in)/ provided by operating activities	(7,892,887)^†	(10,255,115)^†	(5,643,178)	(9,227,283)^†
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment, including capitalized software costs	(1,682,079)^†	(1,392,216)^†	(1,815,091)	(1,769,457)^†
Purchases of data costs	(391,430)^†	(479,872)^†	(464,441)	(655,163)^†
Net cash used in investing activities	(2,073,509)^†	(1,872,088)^†	(2,279,532)	(2,424,620)^†
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan payable under credit agreement	12,600,000^†	11,750,000^†	10,611,690	10,250,000^†
Repayment of loan payable under credit agreement	—	—	—	0^†
Repayment of loan payable under Basepoint credit agreement	—	—	—	0^†
Repayment of promissory notes to related parties	—	—	—	0^†
Debt issuance related costs	0^†	(23,100)^†	(1,500,000)	0^†
Proceeds from exercise of stock options	—	—	—	0^†
Principal payment under finance lease obligation	0^†	(2,339)^†	(2,262)	(1,157)^†
Purchases of treasury stock	—	—	(6,098)	(66,532)^†
Tax payments associated with equity-based compensation transactions	0^†	—	—	—
Purchase of treasury stock	(195,974)^†	—	—	—
Net cash provided by financing activities	12,404,026^†	11,426,365^†	9,103,330	10,327,224^†
INCREASE/ (DECREASE) IN CASH	2,437,630^†	(700,838)^†	1,180,620	(1,324,679)^†
CASH, beginning of period	4,892,912	5,593,750	4,413,130	5,737,809
CASH, end of period	7,330,542	4,892,912	5,593,750	4,413,130
Supplemental cash flow information:
Interest paid	—	4,357,291^†	5,057,635	4,660,526^†
Noncash investing and financing activities
Due date extension of warrants	—	—	—	0^†

† 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.