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	Q3 2023^† 3 months ended Sep 30, 2023	Q2 2023^† 3 months ended Jun 30, 2023	Q1 2023 3 months ended Mar 31, 2023	Q4 2022^† 3 months ended Dec 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/ (loss)	2,366,385^†	(1,603,059)^†	(214,179)	354,152^†	940,101^†	(5,297,655)^†	(230,215)	7,903,867^†
Adjustments to reconcile net income/ (loss) to net cash (used in)/ provided by operating activities:
Depreciation and impairment of lease merchandise	—	—	—	—	—	14,485,417^†	15,345,788	16,441,618^†
Depreciation and impairment of lease merchandise	14,486,563^†	13,848,925^†	14,685,863	13,394,965^†	13,061,958^†	14,485,417^†	—	16,441,618^†
Other depreciation and amortization	2,436,360^†	2,382,726^†	2,315,487	2,206,179^†	1,964,228^†	1,884,546^†	1,826,157	1,466,023^†
Amortization of debt issuance costs	314,702^†	314,702^†	195,095	194,681^†	194,683^†	111,807^†	70,367	65,674^†
Amortization of discount on the promissory note related to acquisition	—	—	—	59,238^†	59,238^†	59,237^†	59,239	—
Compensation expense related to stock-based compensation	156,922^†	154,873^†	217,125	341,341^†	471,819^†	443,800^†	420,748	47,827^†
Provision for doubtful accounts	—	—	—	—	—	10,847,413^†	11,238,415	14,781,378^†
Interest in kind added to promissory notes balance	—	—	—	—	—	—	1,351	26,870^†
Provision for doubtful accounts	8,083,009^†	7,806,427^†	9,484,049	10,381,697^†	10,038,122^†	10,847,413^†	—	14,781,378^†
Interest in kind added to promissory notes balance	—	—	—	—	—	—	—	26,870^†
Deferred income tax	1,464,378^†	(1,246,030)^†	(56,933)	262,690^†	265,517^†	(1,309,201)^†	(148,539)	(3,357,409)^†
Net changes in the fair value of loans receivables at fair value	—	(687,480)^†	(4,211,396)	(3,959,575)^†	(7,095,327)^†	1,821,700^†	(984,652)	7,621,409^†
Changes in operating assets and liabilities:
Lease receivables	—	—	—	—	—	(12,920,877)^†	(12,852,307)	(18,105,818)^†
Lease receivables	(17,113,353)^†	(15,641,522)^†	(14,004,991)	(13,755,747)^†	(12,231,763)^†	(12,920,877)^†	—	(16,896,298)^†
Loans receivables at fair value	(763,986)^†	59,054^†	548,456	(154,833)^†	520,491^†	2,391,202^†	4,599,208	(642,041)^†
Prepaid expenses and other assets	(196,229)^†	(1,188,909)^†	(19,349)	(463,870)^†	228,648^†	(164,298)^†	576,689	(2,010,646)^†
Lease merchandise	—	—	—	—	(12,060,730)^†	(12,175,148)^†	(10,703,452)	(17,339,235)^†
Purchase consideration payable related to acquisition	—	—	—	—	—	67,646^†	141,275	—
Security deposits	—	—	—	—	—	—	—	0^†
Lease merchandise	(12,717,031)^†	(13,808,957)^†	(11,450,933)	(18,929,797)^†	(12,060,730)^†	(12,175,148)^†	—	—
Purchase consideration payable related to acquisition	—	—	—	0^†	0^†	67,646^†	—	—
Lease liabilities	(12,472)^†	(9,664)^†	(9,665)	(10,702)^†	(7,323)^†	(6,211)^†	(6,032)	(5,756)^†
Accounts payable	(206,494)^†	441,256^†	(3,769,794)	3,129,304^†	5,325^†	162,041^†	(2,668,765)	2,129,867^†
Accrued payroll and related taxes	362,442^†	(318,279)^†	122,011	(25,641)^†	304,097^†	(265,629)^†	254,550	(392,645)^†
Accrued expenses	(287,585)^†	(759,178)^†	525,976	1,144,058^†	432,617^†	(262,716)^†	(1,340,486)	745,449^†
Net cash (used in)/ provided by operating activities	(7,892,887)^†	(10,255,115)^†	(5,643,178)	(9,227,283)^†	(2,908,299)^†	(128,277)^†	5,599,339	(3,691,473)^†
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)^†	(1,451,285)^†	(1,360,734)^†	(1,753,800)	(1,642,965)^†
Purchases of data costs	—	—	—	—	(227,392)^†	(174,346)^†	(169,082)	(420,163)^†
Purchases of data costs	(391,430)^†	(479,872)^†	(464,441)	(655,163)^†	(227,392)^†	(174,346)^†	—	—
Net cash used in investing activities	(2,073,509)^†	(1,872,088)^†	(2,279,532)	(2,424,620)^†	(1,678,677)^†	(1,535,080)^†	(1,922,882)	875,227^†
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan payable under credit agreement	12,600,000^†	11,750,000^†	10,611,690	10,250,000^†	5,050,000^†	0^†	2,750,000	3,600,000^†
Repayment of loan payable under credit agreement	—	—	—	—	—	(220,000)^†	(2,575,000)	0^†
Repayment of loan payable under credit agreement	—	—	—	—	—	—	—	(616)^†
Repayment of loan payable under credit agreement	—	—	—	0^†	0^†	—	—	0^†
Repayment of loan payable under Basepoint 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^†	0^†	—	—	(79,813)^†
Proceeds from exercise of stock options	—	—	—	0^†	0^†	0^†	1,185	0^†
Proceeds from promissory notes to related parties	—	—	—	—	—	—	—	0^†
Proceeds from promissory notes to related parties	—	—	—	—	—	—	—	0^†
Principal payment under finance lease obligation	0^†	(2,339)^†	(2,262)	(1,157)^†	(2,391)^†	(2,391)^†	(2,526)	(2,796)^†
Repayment of purchase consideration payable related to acquisition	—	—	—	—	(1,583)^†	10,608^†	(153,938)	—
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^†	3,945,801^†	(1,827,186)^†	19,721	3,233,509^†
INCREASE IN CASH and RESTRICTED CASH	—	—	—	—	—	(3,490,543)^†	3,696,178	417,263^†
INCREASE/ (DECREASE) IN CASH	2,437,630^†	(700,838)^†	1,180,620	(1,324,679)^†	(641,175)^†	(3,490,543)^†	—	417,263^†
CASH, beginning of period	4,892,912	5,593,750	4,413,130	5,737,809	6,378,984	9,869,527	6,173,349	5,756,086
CASH, end of period	7,330,542	4,892,912	5,593,750	4,413,130	5,737,809	6,378,984	9,869,527	6,173,349
Supplemental cash flow information:
Interest paid	—	4,357,291^†	5,057,635	4,660,526^†	4,223,255^†	4,585,529^†	3,867,982	3,460,671^†
Noncash investing and financing activities
Due date extension of warrants	—	—	—	0^†	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.