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Loan Payable Under Credit Agreement (Tables) | 3 Months Ended
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Mar. 31, 2024
Loan Payable Under Credit Agreement [Abstract] |
Schedule of Covenant Requirements and FlexShopper's Actual Results | A summary of the covenant requirements, and FlexShopper’s actual results at March 31, 2024, follows:
|  | March 31, 2024 |
|  | Required Covenant |  |  | Actual Position |
Equity Book Value not less than |  | $ | 16,452,246 |  |  | $ | 29,227,621 |
Liquidity greater than |  |  | 1,500,000 |  |  |  | 5,593,750 |
Cash greater than |  |  | 500,000 |  |  |  | 5,593,750 |
Consolidated Total Debt to Equity Book Value ratio not to exceed |  |  | 5.25 |  |  |  | 4.29 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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