XML 62 R51.htm IDEA: XBRL DOCUMENT
v3.21.2

Capital Structure (Details) - USD ($) | 1 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Sep. 30, 2018 | Jun. 30, 2016 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020
Capital Structure (Details) [Line Items] |  |  |  |  |
Preferred shares sold per share (in Dollars per share) |  |  | $ 1,000 |  |
Common stock, shares authorized |  |  | 40,000,000 |  | 40,000,000
Common stock, par value (in Dollars per share) |  |  | $ 0.0001 |  | $ 0.0001
Issuance of warrants (in Dollars) |  |  |  | $ 131,250 |
Warrants convertible into common stock |  |  | 116,903 |  |
Consulting Agreement [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Warrant exercise price (in Dollars per share) |  |  | $ 1.60 |  |
Warrants expiration period |  |  | 4 years |  |
Warrant [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Warrants exercisable for shares of common stock | 5,750,000 |  | 1,055,184 |  |
Warrant exercise price (in Dollars per share) | $ 1.25 |  | $ 1.25 |  |
Description of warrants expiration | The warrants were immediately exercisable and expire five years from the date of issuance. |  | The warrants are exercisable at $1.25 per share of common stock and expire on September 28, 2023. |  |
Issuance of warrants (in Dollars) |  |  | $ 40,000 |  |
Valuation expenses (in Dollars) |  |  | $ 404,849 |  |
Weighted average grant date fair value (in Dollars per share) |  |  | $ 1.69 |  |
Warrant [Member] | Consulting Agreement [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Warrant exercise price (in Dollars per share) |  |  | $ 1.25 |  |
Description of warrants expiration |  |  | The warrants are immediately exercisable and expire following the close of business on June 30, 2023. |  |
Warrant, description |  |  | As part of a consulting agreement with XLR8 Capital Partners LLC (the “Consulting Agreement”), an entity of which the Company’s Chairman is manager, the Company agreed to issue 40,000 warrants to XLR8 Capital Partners LLC monthly for 12 months beginning on March 1, 2019 at an exercise price of $1.25 per share or, if the closing share price on the last day of the month exceeds $1.25, then such exercise price will be 110% of the closing share price. |  |
Preferred Stock [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Preferred stock, shares authorized |  |  | 500,000 |  |
Preferred stock, par value (in Dollars per share) |  |  | $ 0.001 |  |
Common Stock [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Common stock price (in Dollars per share) |  |  | $ 23.00 |  |
Convertible preferred stock, terms of conversion, description |  |  | The Company is authorized to issue 40,000,000 shares of common stock, par value $0.0001 per share. Each share of common stock entitles the holder to one vote at all stockholder meetings. |  |
Common stock, shares authorized |  |  | 40,000,000 |  |
Common stock, par value (in Dollars per share) |  |  | $ 0.0001 |  |
Series One Convertible Preferred Stock [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Preferred stock conversion basis, description |  |  | As of June 30, 2021, each share of Series 1 Convertible Preferred Stock was convertible into 1.32230 shares of the Company’s common stock, subject to certain anti-dilution rights. |  |
Convertible preferred stock, terms of conversion, description |  |  | As of June 30, 2021, there were 170,332 shares of Series 1 Convertible Preferred Stock outstanding, which were convertible into 225,231 shares of common stock. |  |
Series One Convertible Preferred Stock [Member] | Preferred Stock [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Preferred stock, shares authorized |  |  | 250,000 |  |
Series 2 Convertible Preferred Stock [Member] |  |  |  |  |
Capital Structure (Details) [Line Items] |  |  |  |  |
Preferred stock, designated |  |  | 25,000 |  |
Convertible preferred stock, shares issued upon conversion |  |  | 20,000 |  |
Proceeds from sale of stock (in Dollars) |  |  | $ 20,000,000.0 |  |
Additional sale of shares |  |  | 1,952 |  |
Gross proceeds (in Dollars) |  |  | $ 1,950,000 |  |
Stated value, percentage |  |  | 10.00% |  |
Cumulative accrued dividends (in Dollars) |  |  | $ 12,051,617 |  |
Preferred stock conversion into common stock, shares |  |  | 266 |  |
Description of warrants expiration |  | In connection with the issuance of Series 2 Convertible Preferred Stock in June 2016, the Company issued to the placement agent in such offering warrants exercisable for 439 shares of Series 2 Convertible Preferred Stock at an initial exercise price of $1,250 per share, which expire seven years after the date of issuance. |  |  |

X
- Definition Additional convertible preferred stock shares issued upon conversion. + References No definition available. + Details
Name: | fpay_AdditionalConvertiblePreferredStockSharesIssuedUponConversion
Namespace Prefix: | fpay_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Additional proceeds from issuance or sale of equity. + References No definition available. + Details
Name: | fpay_AdditionalProceedsFromIssuanceOrSaleOfEquity
Namespace Prefix: | fpay_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | fpay_CapitalStructureDetailsLineItems
Namespace Prefix: | fpay_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fpay_ConvertiblePreferredStockTermOfConversionDescription
Namespace Prefix: | fpay_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of warrants expiration. + References No definition available. + Details
Name: | fpay_DescriptionOfWarrantsExpiration
Namespace Prefix: | fpay_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of preferred stock designated. + References No definition available. + Details
Name: | fpay_PreferredStockDesignated
Namespace Prefix: | fpay_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Preferred stock stated value per share. + References No definition available. + Details
Name: | fpay_PreferredStockStatedValuePerShare
Namespace Prefix: | fpay_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Valuation Expenses. + References No definition available. + Details
Name: | fpay_ValuationExpenses
Namespace Prefix: | fpay_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Description of warrants. + References No definition available. + Details
Name: | fpay_WarrantDescription
Namespace Prefix: | fpay_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrant exercise price. + References No definition available. + Details
Name: | fpay_WarrantExercisePrice
Namespace Prefix: | fpay_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fpay_WarrantsConvertibleIntoCommonStock
Namespace Prefix: | fpay_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Warrants exercisable for shares of common stock. + References No definition available. + Details
Name: | fpay_WarrantsExercisableForSharesOfCommonStock
Namespace Prefix: | fpay_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrants expiration period. + References No definition available. + Details
Name: | fpay_WarrantsExpirationPeriod
Namespace Prefix: | fpay_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average grant date fair value. + References No definition available. + Details
Name: | fpay_WeightedAverageGrantDateFairValue
Namespace Prefix: | fpay_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Per share decrease in conversion price of convertible common stock. Excludes change due to standard antidilution provision. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_CommonStockConvertibleConversionPriceDecrease
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face amount or stated value per share of common stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockParOrStatedValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockSharesAuthorized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123431023&loc=d3e4313-108586 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123431023&loc=d3e4304-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123431023&loc=d3e4332-108586 + Details
Name: | us-gaap_ConversionOfStockSharesConverted1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of shares issued for each share of convertible preferred stock that is converted. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 + Details
Name: | us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Description of conversion terms for preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ConvertiblePreferredStockTermsOfConversion
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cumulative cash dividends distributed to shareholders. + References No definition available. + Details
Name: | us-gaap_CumulativeDividends
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Describe the conversion features of preferred stock if preferred stock is convertible. That is, shares of preferred stock into which another convertible security was converted, or shares of preferred stock into which another class of preferred stock was converted. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_PreferredStockConversionBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 + Details
Name: | us-gaap_PreferredStockParOrStatedValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_PreferredStockSharesAuthorized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfWarrants
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOrSaleOfEquity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | fpay_AgreementAxis=fpay_ConsultingAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ClassOfWarrantOrRightAxis=us-gaap_WarrantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=fpay_SeriesOneConvertiblePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=fpay_ConvertiblePreferredStockSeriesTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |