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v2.4.1.9

Consolidated Statements of Operations (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013
Revenues: |  |
Lease revenues and fees | $ 4,269,792us-gaap_OperatingLeasesIncomeStatementLeaseRevenue | $ 119us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Total revenues | 5,014,620us-gaap_SalesRevenueNet |
Lease merchandise sold | 744,828fpay_LeaseMerchandiseSold |
Costs and expenses: |  |
Provision for doubtful accounts | 1,380,902us-gaap_ProvisionForDoubtfulAccounts |
Operating expenses | 5,178,383us-gaap_OperatingExpenses | 655,121us-gaap_OperatingExpenses
Total costs and expenses | 9,890,071us-gaap_CostsAndExpenses | 655,593us-gaap_CostsAndExpenses
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise | 2,731,548fpay_CostOfLeaseRevenuesFees | 124fpay_CostOfLeaseRevenuesFees
Cost of lease merchandise sold | 599,238fpay_CostOfMerchandiseSold |
Loss from continuing operations, before income tax benefit | (4,875,451)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (655,474)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit | 458,047us-gaap_IncomeTaxExpenseBenefit |
Loss from continuing operations | (4,417,404)us-gaap_IncomeLossFromContinuingOperations | (655,474)us-gaap_IncomeLossFromContinuingOperations
Income (loss) from discontinued operations (including gain from the sale of discontinued operation of $788,015 in 2014), net of income taxes of 458,047 in 2014 | 687,071us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (38,207)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net loss | $ (3,730,333)us-gaap_NetIncomeLoss | $ (693,681)us-gaap_NetIncomeLoss
Basic and diluted (loss) income per common share: |  |
Loss from continuing operations | $ (0.15)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare | $ (0.04)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Income from discontinued operations | $ 0.02us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare |
Net loss | $ (0.13)us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare | $ (0.04)us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare
Weighted average common shares outstanding: |  |
Basic and diluted | 28,244,207us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 18,987,702us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

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