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v3.23.1

Loan Payable Under Credit Agreement (Tables) | 3 Months Ended
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Mar. 31, 2023
Loan Payable Under Credit Agreement [Abstract] |
Schedule of covenant requirements, and flexshopper's actual results |
|  | March 31, 2023 |
|  | Required Covenant |  |  | Actual Position |
Equity Book Value not less than |  | $ | 16,452,246 |  |  | $ | 31,226,391 |
Liquidity greater than |  |  | 1,500,000 |  |  |  | 9,861,646 |
Cash greater than |  |  | 500,000 |  |  |  | 9,869,527 |
Consolidated Total Debt to Equity Book Value ratio not to exceed |  |  | 5.25 |  |  |  | 3.12 |

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- Definition Schedule of covenant requirements, and FlexShopper’s actual results. + References No definition available. + Details
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