XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

LOAN PAYABLE UNDER CREDIT AGREEMENT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Covenant Requirements and FlexShopper's Actual Results | A summary of the covenant requirements, and FlexShopper’s actual results at September 30, 2024, follows:
| September 30, 2024
| Required Covenant |  | Actual Position
Equity Book Value not less than | $ | 16,452,247 |  |  | $ | 29,808,572 |
Liquidity greater than | 4,000,000 |  |  | 10,513,666 |
Cash greater than | 3,000,000 |  |  | 7,330,542 |
Consolidated Total Debt to Equity Book Value ratio not to exceed | 5.25 |  |  | 4.78 |

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

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration