For the quarter ending 2025-09-30, SPFX has $75,571,219 in assets. $67,428,082 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 1,186 | 14,143 | ||
| Premium finance contracts and related receivable, net of allowance for credit losses of 2,159,237 and 1,969,007 at september 30, 2025 and december 31, 2024, respectively | 73,532,852 | 70,062,142 | ||
| Prepaid expenses and other current assets | 424,903 | 361,256 | ||
| Total current assets | 73,958,941 | 70,437,541 | ||
| Property and equipment, net | 105,664 | 115,475 | ||
| Operating lease assets | 177,423 | 145,653 | ||
| Finance lease assets | 15,466 | 18,780 | ||
| Cash surrender value of life insurance | 757,725 | 722,714 | ||
| Deferred tax asset | 556,000 | 541,000 | ||
| Total other assets | 1,313,725 | 1,263,714 | ||
| Total assets | 75,571,219 | 71,981,163 | ||
| Cash overdraft | 619,825 | 0 | ||
| Line of credit, net | 48,077,195 | 44,409,474 | ||
| Drafts payable | 4,289,644 | 4,493,017 | ||
| Note payable - current portion | 3,411,979 | 4,368,184 | ||
| Other loans - current portion | - | 0 | ||
| Note payable - stockholders and related parties - current portion | 1,265,000 | 290,000 | ||
| Operating lease obligation - current portion | 107,097 | 97,163 | ||
| Finance lease obligation - current portion | 14,431 | 14,243 | ||
| Accrued expenses and other current liabilities | 1,994,689 | 2,032,194 | ||
| Total current liabilities | 59,779,860 | 55,704,275 | ||
| Note payable, net of current portion | 5,559,989 | 4,866,319 | ||
| Note payable - stockholders and related parties, net of current portion | 1,363,500 | 2,814,040 | ||
| Life insurance policy loan | 651,782 | 649,899 | ||
| Operating lease obligation, net of current portion | 70,326 | 48,489 | ||
| Finance lease obligation, net of current portion | 2,625 | 6,303 | ||
| Total long-term liabilities | 7,648,222 | 8,385,050 | ||
| Total liabilities | 67,428,082 | 64,089,325 | ||
| Preferred stock, par value 0.001 per share 20 million shares authorized, 600,000 shares designated as series a - convertible, 166,000 issued and outstanding at september 30, 2025 and december 31, 2024 | 166 | 166 | ||
| Common stock, par value 0.001 per share 100 million shares authorized, 3,001,216 shares issued and outstanding at september 30, 2025 and december 31, 2024 | 3,001 | 3,001 | ||
| Additional paid in capital | 3,511,465 | 3,507,140 | ||
| Retained earnings | 4,628,505 | 4,381,531 | ||
| Total stockholders' equity | 8,143,137 | 7,891,838 | ||
| Total liabilities and stockholders' equity | 75,571,219 | 71,981,163 | ||
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)