FlexShopper Inc. Delays Q1 2025 Financial Report Due to Revenue Recognition Issues

Reuters

2025/05/17

<a href="https://laohu8.com/S/FPAY">FlexShopper Inc</a>. Delays Q1 2025 Financial Report Due to Revenue Recognition Issues

FlexShopper Inc. has announced a delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025. The delay is attributed to challenges in finalizing the assessment of accounts receivable and revenue recognition related to leases. The company cited the high volume of transactions and the significant judgment required under Accounting Standards Codification $(ASC)$ Topic 842 as contributing factors. FlexShopper's CEO, H. Russell Heiser Jr., signed the notification of late filing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FlexShopper Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044861), on May 16, 2025, and is solely responsible for the information contained therein.

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Delays Q1 2025 Financial Report Due to Revenue Recognition Issues","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FPAY\">FlexShopper Inc</a>. Delays Q1 2025 Financial Report Due to Revenue Recognition Issues\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        FlexShopper Inc. has announced a delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025. The delay is attributed to challenges in finalizing the assessment of accounts receivable and revenue recognition related to leases. The company cited the high volume of transactions and the significant judgment required under Accounting Standards Codification <a href=\"https://laohu8.com/S/ASC\">$(ASC)$</a> Topic 842 as contributing factors. 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Delays Q1 2025 Financial Report Due to Revenue Recognition Issues\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-17 04:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FPAY\">FlexShopper Inc</a>. Delays Q1 2025 Financial Report Due to Revenue Recognition Issues\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        FlexShopper Inc. has announced a delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025. The delay is attributed to challenges in finalizing the assessment of accounts receivable and revenue recognition related to leases. The company cited the high volume of transactions and the significant judgment required under Accounting Standards Codification <a href=\"https://laohu8.com/S/ASC\">$(ASC)$</a> Topic 842 as contributing factors. FlexShopper's CEO, H. 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ID: 0001213900-25-044861), on May 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FPAY","symbol_name":"FlexShopper, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nNDL8FMYfd:1","article_id":"2536853340","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536853340","pubTimestamp":1747425700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"FlexShopper Inc. has announced a delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025. 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