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FlexShopper Inc
901 Yamato Road, Suite 260
Phone: (561) 367-1504p:561 367-1504 BOCA RATON, FL  33431  United States Ticker: FPAYFPAY
On July 30, 2025, the Board of Directors of FlexShopper Inc, after consultation with its independent forensic investigations firm and Grant Thornton LLP, concluded that the following previously issued financial statements of the Company should no longer be relied upon: (i) the company’s audited consolidated financial statements for the fiscal years ended December 31, 2022 and 2023, (ii) the company’s unaudited consolidated financial statements for the three and six months ended June 30, 2022, (iii) the company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2022, (iv) the company’s unaudited consolidated financial statements for the three months ended March 31, 2023, (v) the company’s unaudited consolidated financial statements for the three and six months ended June 30, 2023, (vi) the company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2023, (vii) the company’s unaudited consolidated financial statements for the three months ended March 31, 2024, (viii) the company’s unaudited consolidated financial statements for the three and six months ended June 30, 2024, and (ix) the company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2024. The investigation relates to alleged forged documents provided by certain officers and employees of the company to Grant Thornton LLP in support of the company’s 2024 audit, and to other alleged misrepresentations. The independent investigation is ongoing and, therefore, the Company has not fully completed its review of the factual matters related to the allegations.
Business Summary
FlexShopper, Inc. is a financial technology company that provides payment options to consumers. The Company provides a variety of funding options via lease-purchase solutions and loans. It has several channels, which generate payment options for customers. The Company enables consumers to use its e-commerce marketplace to shop for brand name electronics, home furnishings and other durable goods on a lease-to-own (LTO) basis. It provides an opportunity to obtain ownership of durable products, such as consumer electronics, home appliances, computers (including tablets and wearables), smartphones, tires, jewelry and furniture (including accessories), under affordable payment LTO purchase agreements with no long-term obligation. The Company's primary sales channels include business-to-consumer and business-to- business channels. It offers a range of brands, such as Samsung, Sony and TCL home electronics; Frigidaire, General Electric, Samsung and Whirlpool appliances, and others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2023YesYes--Yes

Industries
SIC Code Description
6099 Functions related to depository banking, not elsewhere classified
6153 Short-term business credit institutions, except agricultural

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Howard S.Dvorkin 59 3/11/2019 12/1/2018
President, Chief Operating Officer JohnDavis 55 7/14/2025 11/1/2020
Chief Restructuring Officer Matthew A.Doheny 54 8/11/2025 8/11/2025
4 additional Officers and Directors records available in full report.

Business Names
Business Name
AFNG
Anchor Funding Services Inc.
Anchor Funding Services, LLC
7 additional Business Names available in full report.

General Information
Number of Employees: 204 (As of 12/31/2023)
Outstanding Shares: 24,611,029 (As of 12/31/2024)
Shareholders: 124
Stock Exchange: NASD
Federal Tax Id: 205456087
Fax Number: (302) 636-5454


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