XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Basis of Presentation
6 Months Ended
Jun. 30, 2020
Basis of Presentation [Abstract]  
BASIS OF PRESENTATION

1. BASIS OF PRESENTATION

 

The interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X and in conformity with accounting principles generally accepted in the United States of America ("GAAP") applicable to interim financial information. Accordingly, the information presented in the interim financial statements does not include all information and disclosures necessary for a fair presentation of FlexShopper, Inc.'s financial position, results of operations and cash flows in conformity with GAAP for annual financial statements. In the opinion of management, these financial statements reflect all adjustments consisting of normal recurring accruals, necessary for a fair statement of our financial position, results of operations and cash flows for such periods. The results of operations for any interim period are not necessarily indicative of the results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in FlexShopper, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2019.

 

The consolidated balance sheet as of December 31, 2019 contained herein has been derived from audited financial statements.