FLEXSHOPPER, INC.: 10-Q filed 2023-05-11

Name: FLEXSHOPPER, INC.: 10-Q filed 2023-05-11
Creator: FLEXSHOPPER, INC.

What FLEXSHOPPER, INC. reported in its quarterly report filed 2023-05-11 (fiscal Q1 2023): 43 published measures, 90 facts as tagged in accession 0001213900-23-038510.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-05-11
Fiscal period: fiscal Q1 2023
Accession: 0001213900-23-038510 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FLEXSHOPPER, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2023-03-31	144,971,229	USD
At 2022-12-31	148,289,510	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2023-03-31	113,744,838	USD
At 2022-12-31	117,254,837	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2023-03-31	31,226,391	USD
At 2022-12-31	31,034,673	USD
At 2022-03-31	14,204,970	USD
At 2021-12-31	16,143,619	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2023-03-31	9,861,646	USD
At 2022-12-31	6,051,713	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-230,215	USD	90
2022-01-01 to 2022-03-31	-2,380,935	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	5,599,339	USD	90
2022-01-01 to 2022-03-31	-7,940,659	USD	90

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	1,753,800	USD	90
2022-01-01 to 2022-03-31	1,260,755	USD	90

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	30,785,775	USD	90
2022-01-01 to 2022-03-31	28,955,236	USD	90

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	19,721	USD	90
2022-01-01 to 2022-03-31	8,719,528	USD	90

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-1,922,882	USD	90
2022-01-01 to 2022-03-31	-1,553,810	USD	90

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2023-03-31	-31,820,798	USD
At 2022-12-31	-31,590,583	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	21,751,304	shares	90
2022-01-01 to 2022-03-31	21,547,069	shares	90

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	21,751,304	shares	90
2022-01-01 to 2022-03-31	21,547,069	shares	90

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-0.06	USD/shares	90
2022-01-01 to 2022-03-31	-0.14	USD/shares	90

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-0.06	USD/shares	90
2022-01-01 to 2022-03-31	-0.14	USD/shares	90

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-148,539	USD	90
2022-01-01 to 2022-03-31	-859,780	USD	90

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2023-03-31	8,677,314	USD
At 2022-12-31	8,086,862	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	420,748	USD	90
2022-01-01 to 2022-03-31	305,229	USD	90

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	4,152,573	USD	90
2022-01-01 to 2022-03-31	-1,282,647	USD	90

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2023-03-31	106,161,962	USD
At 2022-12-31	109,685,473	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	4,531,327	USD	90
2022-01-01 to 2022-03-31	1,958,068	USD	90

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2023-03-31	8,484,824	USD
At 2022-12-31	12,228,312	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2023-03-31	3,843,178	USD
At 2022-12-31	6,511,943	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2023-03-31	14,719,290,000,000	USD
At 2022-12-31	15,162,349,000,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2023-03-31	37,153,935	USD
At 2022-12-31	35,540,043	USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2023-03-31	21,752,304	shares
At 2022-12-31	21,750,804	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2023-03-31	9,869,527	USD
At 2022-12-31	6,173,349	USD
At 2022-03-31	4,319,701	USD
At 2021-12-31	5,094,642	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2023-03-31	40,241,353	USD
At 2022-12-31	39,819,420	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2023-03-31	1,366,235	USD
At 2022-12-31	1,406,270	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2023-03-31	26,363,828	USD
At 2022-12-31	24,610,028	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2023-03-31	17,686,514	USD
At 2022-12-31	16,523,166	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2023-03-31	14,719,290	USD
At 2022-12-31	15,162,349	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2023-03-31	2,647,608	USD
At 2022-12-31	3,988,093	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-378,754	USD	90
2022-01-01 to 2022-03-31	-3,240,715	USD	90

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-1,202,448	USD	90
2022-01-01 to 2022-03-31	-2,990,712	USD	90

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	1,163,349	USD	90
2022-01-01 to 2022-03-31	847,574	USD	90

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	443,059	USD	90
2022-01-01 to 2022-03-31	769	USD	90

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-148,539	USD	90
2022-01-01 to 2022-03-31	-317,006	USD	90

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	565,909	USD	90
2022-01-01 to 2022-03-31	151,286	USD	90

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	3,867,982	USD	90
2022-01-01 to 2022-03-31	1,679,296	USD	90

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	103,368	USD	90
2022-01-01 to 2022-03-31	100,356	USD	90

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	12,852,307	USD	90
2022-01-01 to 2022-03-31	15,655,280	USD	90

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-2,668,765	USD	90
2022-01-01 to 2022-03-31	-3,165,343	USD	90

Inspect the source

Entity: FLEXSHOPPER, INC. / CIK 0001397047
Captured: 2026-09-21T17:18:54.338Z
SEC response SHA-256: 5fde89a4d53e568b20dca6df1d1a79affd3cb6b9b3e3d0b9a56f49a5b7d6c0d6

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