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Loan Payable Under Credit Agreement (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2024, follows:
|  | June 30, 2024 |
|  | Required Covenant |  |  | Actual Position |
Equity Book Value not less than |  | $ | 16,452,246 |  |  | $ | 27,481,239 |
Liquidity greater than |  |  | 3,500,000 |  |  |  | 10,346,383 |
Cash greater than |  |  | 2,500,000 |  |  |  | 4,892,912 |
Consolidated Total Debt to Equity Book Value ratio not to exceed |  |  | 5.25 |  |  |  | 4.72 |

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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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