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Private company

FlexShopper, Inc.

FlexShopper, Inc. is an American equipment rental and leasing services company based in Boca Raton.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Equipment Rental & Leasing, NEC2
  • HeadquartersBoca Raton, United States2
  • Incorporated inDE3
  • Business address901 Yamato Road, Suite 260, Boca Raton, Fl 334313
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formLimited Liability Company2
  • LEI254900RO37DFX31HZJ182
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Corporation Service Company, 27608 Raleigh, United States2
  • Registered withCorporations Division (Department of the Secretary of State), 13197742

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31, 2023, we generated approximately $132 million in gross lease revenues and fees.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

11.7%Operating margin5
-3.6%Net margin5
3.5%Revenue growth, 20235
-14.5%Return on equity5
-$13.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs83¢$97.1M
  • Interest16¢$18.9M
  • Income tax1¢$989.8K

Out of $117.0M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$117.0M in 2023+74% since 2017
0$50.0M$100.0M$150.0M2017: $67.0M$67.0M20172018: $61.5M$61.5M2018−8%2019: $88.8M$88.8M2019+44%2020: $102.1M$102.1M2020+15%2021: $125.4M$125.4M2021+23%2022: $113.1M$113.1M2022−10%2023: $117.0M$117.0M2023+3%
Operating income6789105$13.7M in 2023
-$10.0M-$5.0M0$5.0M$10.0M$15.0M2017: -$6.2M-$6.2M20172018: -$5.2M-$5.2M2018−16%2019: $5.1M$5.1M20192020: $4.6M$4.6M2020−9%2021: $7.4M$7.4M2021+59%2022: -$6.3M-$6.3M20222023: $13.7M$13.7M2023
Net income6789105-$4.2M in 2023−49% since 2017
-$10.0M0$10.0M$20.0M2017: -$8.3M-$8.3M20172018: -$9.5M-$9.5M2018+14%2019: $577.4K$577.4K20192020: -$339.9K-$339.9K20202021: $3.3M$3.3M20212022: $13.6M$13.6M2022+317%2023: -$4.2M-$4.2M2023
Fiscal year2017201820192020202120222023
Revenue$67.0M6$61.5M7$88.8M8$102.1M9$125.4M10$113.1M5$117.0M5
Operating expenses$118.1M10$119.4M5$103.3M5
Operating income-$6.2M6-$5.2M7$5.1M8$4.6M9$7.4M10-$6.3M5$13.7M5
Interest$2.2M6$4.2M7$4.3M7$4.3M9$5.2M10$11.2M5$18.9M5
Income before tax$4.1M10-$3.0M5-$5.2M5
Income tax$216.4K8$663.0K9$785.3K10-$16.6M5-$989.8K5
Net income-$8.3M6-$9.5M7$577.4K8-$339.9K9$3.3M10$13.6M5-$4.2M5
Earnings per share-$0.118-$0.179$0.0410$0.455-$0.385
Earnings per share (diluted)-$0.118-$0.179$0.0410$0.445-$0.385
Shares (weighted, basic)21.4M shares1021.6M shares521.7M shares5
Shares (weighted, diluted)23.2M shares1022.4M shares521.7M shares5

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Corporate structure

FlexShopper, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FlexShopper, Inc.

  • FlexShopper, Inc. Boca Raton, Florida, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FlexShopper, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$30.9M5 Dec 31, 2023$24.6M5 Dec 31, 2022+25.7%
Accumulated depreciation$21.6M5 Dec 31, 2023$16.5M5 Dec 31, 2022+30.9%
Property and equipment, net$9.3M5 Dec 31, 2023$8.1M5 Dec 31, 2022+15.1%
Finance-lease assets$3.5K5 Dec 31, 2023$10.5K5 Dec 31, 2022−67.0%
Operating-lease assets (leased space)$1.2M5 Dec 31, 2023$1.4M5 Dec 31, 2022−11.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.4M5 Dec 31, 2023$6.1M5 Dec 31, 2022−27.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$13.4M5 Dec 31, 2023$15.2M5 Dec 31, 2022−11.7%
Finite-lived intangibles, gross$15.3M5 Dec 31, 2023$15.3M5 Dec 31, 20220%
Accumulated amortization-$1.9M5 Dec 31, 2023-$176.3K5 Dec 31, 2022−1004.5%
Finite-lived intangibles, net$8.2M5 Dec 31, 2023$15.2M10 Dec 31, 2022−45.7%

Leadership

Who has led FlexShopper, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Morry Rubin2007–2014
  2. Brad Mitchell Bernstein2016–2019
  3. Richard R. House Jr.2019–2022
  4. Harold Russell Heiser Jr.2023–now

President

  1. Brad Mitchell Bernstein2007–2020
  2. Ilissa Bernstein2016

Chief financial officer

  1. Frank Matasavage2014
  2. Harold Russell Heiser Jr.2015–2022
2010201520202025
Board members and other officers (18)

Former names

  • Anchor Funding Services, Inc.Apr 30, 2007 to Oct 22, 20133

Timeline

  1. Oct 3, 20258-K Entered a material agreement36
  2. Oct 1, 20258-K Debt or obligation accelerated; Executive or director change37
  3. Sep 24, 20258-K Listing notice or transfer38
  4. Sep 18, 20258-K Other events39
  5. Sep 4, 20258-K Entered a material agreement40
  6. Aug 25, 20258-K Entered a material agreement41
  7. Aug 20, 20258-K Entered a material agreement42
  8. Aug 18, 20258-K Entered a material agreement; Debt or obligation accelerated43
  9. Aug 12, 20258-K Executive or director change; Other events44
  10. Aug 5, 20258-K Entered a material agreement; Earlier financial statements no longer reliable; Executive or director change45
  11. Jul 29, 20258-K Executive or director change46
  12. Jul 14, 20258-K Executive or director change47
  13. Jul 10, 2023New chief executive Harold Russell Heiser Jr. becomes CEO13
  14. Oct 15, 2019New chief executive Richard R. House Jr. becomes CEO14
  15. Mar 3, 2016New chief executive Brad Mitchell Bernstein becomes CEO15
  16. May 24, 2013Founded FlexShopper, Inc. is founded2
  17. Jun 29, 2007New chief executive Morry Rubin becomes CEO16

Calendar

When it reported results

  1. Apr 28, 2025Reported quarterly or annual results48
  2. Nov 19, 2024Reported quarterly or annual results49
  3. Aug 6, 2024Reported quarterly or annual results50
  4. May 13, 2024Reported quarterly or annual results51
  5. Apr 1, 2024Reported quarterly or annual results52
  6. Nov 14, 2023Reported quarterly or annual results53
  7. Aug 14, 2023Reported quarterly or annual results54
  8. May 11, 2023Reported quarterly or annual results55

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

184 filings to the SEC since October 2021: 6 annual reports, 10 quarterly reports, 53 major events, 92 insider forms, 2 large holders, 21 other. The latest 20:

  1. Oct 3, 20258-K CURRENT REPORT EDGAR
  2. Oct 1, 20258-K CURRENT REPORT EDGAR
  3. Sep 24, 20258-K CURRENT REPORT EDGAR
  4. Sep 18, 20258-K CURRENT REPORT EDGAR
  5. Sep 4, 20258-K CURRENT REPORT EDGAR
  6. Aug 25, 20258-K CURRENT REPORT EDGAR
  7. Aug 21, 20253 EDGAR
  8. Aug 20, 20258-K CURRENT REPORT EDGAR
  9. Aug 18, 20258-K CURRENT REPORT EDGAR
  10. Aug 15, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  11. Aug 13, 20254 EDGAR
  12. Aug 13, 20253 EDGAR
  13. Aug 12, 20258-K CURRENT REPORT EDGAR
  14. Aug 5, 20258-K CURRENT REPORT EDGAR
  15. Jul 29, 20258-K CURRENT REPORT EDGAR
  16. Jul 14, 20258-K CURRENT REPORT EDGAR
  17. Jun 13, 20258-K CURRENT REPORT EDGAR
  18. May 16, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  19. May 8, 20258-K CURRENT REPORT EDGAR
  20. May 5, 20254 EDGAR

The 184 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

79 open-market trades by officers, directors and large owners since October 2021: 79 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 1, 2025Dvorkin HowardDirectorBuy128,668$1.31$168.6KForm 4
Apr 25, 2025Dvorkin HowardDirectorBuy10,129$1.34$13.6KForm 4
Apr 24, 2025Dvorkin HowardDirectorBuy20,600$1.27$26.2KForm 4
Dec 27, 2024Dvorkin HowardDirectorBuy10,000$1.46$14.6KForm 4
Dec 26, 2024Dvorkin HowardDirectorBuy10,000$1.54$15.4KForm 4
Dec 23, 2024Heiser Harold Russell Jr.CEOBuy30,000$1.45$43.5KForm 4
Aug 23, 2024Dvorkin HowardDirectorBuy6,900$1.10$7.6KForm 4
Aug 22, 2024Dvorkin HowardDirectorBuy16,200$1.17$19.0KForm 4
Aug 20, 2024Dvorkin HowardDirectorBuy3,381$1.16$3.9KForm 4
Aug 19, 2024Dvorkin HowardDirectorBuy10,000$1.17$11.7KForm 4
Aug 16, 2024Dvorkin HowardDirectorBuy18,370$1.14$20.9KForm 4
Aug 15, 2024Dvorkin HowardDirectorBuy5,192$1.12$5.8KForm 4
Aug 14, 2024Dvorkin HowardDirectorBuy4,613$1.08$5.0KForm 4
Aug 13, 2024Dvorkin HowardDirectorBuy26,756$1.06$28.4KForm 4
Jun 28, 2024Dvorkin HowardDirectorBuy9,800$1.26$12.3KForm 4
Jun 26, 2024Dvorkin HowardDirectorBuy10,524$1.20$12.6KForm 4
Jun 25, 2024Dvorkin HowardDirectorBuy6,111$1.21$7.4KForm 4
Jun 17, 2024Dvorkin HowardDirectorBuy6,000$1.20$7.2KForm 4
Jun 13, 2024Dvorkin HowardDirectorBuy5,500$1.24$6.8KForm 4
Jun 12, 2024Dvorkin HowardDirectorBuy1,345$1.19$1.6KForm 4

All 79 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How FlexShopper, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFlexShopper, Inc.1
  • CIK0001397047
  • Employer ID (EIN)20-54560871
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7359 Services-Equipment Rental & Leasing, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address901 Yamato Road, Suite 260, Boca Raton, FL 334311
  • Phone(561) 367-15041
  • Shares outstanding21,461,489 as of Nov 18, 202412
  • Public float$16.3M as of Jun 30, 20235
  • On EDGAR sinceApr 30, 20071
  • Filings724 in all: 4 (280), 8-K (146), 10-Q (51), 3 (28), CORRESP (26), SC 13D/A (17), 10-K (16), UPLOAD (13)1
    All 53 form types

    SC 13D (12), DEF 14A (10), NT 10-Q (8), 4/A (7), S-1/A (7), SC 13G/A (6), 10-K/A (5), 3/A (5), 5 (5), EFFECT (5), SC 13G (5), 10SB12G/A (4), 8-K/A (4), DEF 14C (4), NT 10-K (4), PRE 14A (4), PRE 14C (4), SC TO-I/A (4), 10-Q/A (3), 10QSB (3), D (3), D/A (3), S-1 (3), S-8 (3), 25-NSE (2), 8-A12B (2), ARS (2), DEFA14A (2), FWP (2), 10KSB (1), 10KSB/A (1), 10QSB/A (1), 10SB12G (1), 424B1 (1), 424B3 (1), 424B5 (1), 5/A (1), CERT (1), CERTNAS (1), POS AM (1), REGDEX/A (1), S-3 (1), S-3/A (1), SC TO-I (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2024
    Quarterly report (10-Q) Nov 19, 2024
    Proxy statement (DEF 14A) Sep 9, 2024
    Latest 8-K (8-K) Oct 3, 2025

Sources

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