For the quarter ending 2026-03-31, SPFX has $82,593,791 in assets. $73,888,556 in debts.
| Balance Sheets | 2026-03-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash | 10,609 | 1,186 | 14,143 | |
| Premium finance contracts and related receivable, net of allowance for credit losses of 2,355,793 and 2,202,768 at march 31, 2026 and december 31, 2025, respectively | 79,265,444 | 73,532,852 | 70,062,142 | |
| Prepaid expenses and other current assets | 1,672,112 | 424,903 | 361,256 | |
| Total current assets | 80,948,165 | 73,958,941 | 70,437,541 | |
| Property and equipment, net | 135,801 | 105,664 | 115,475 | |
| Operating lease assets | 127,281 | 177,423 | 145,653 | |
| Finance lease assets | 8,838 | 15,466 | 18,780 | |
| Cash surrender value of life insurance | 774,706 | 757,725 | 722,714 | |
| Deferred tax asset | 599,000 | 556,000 | 541,000 | |
| Total other assets | 1,373,706 | 1,313,725 | 1,263,714 | |
| Total assets | 82,593,791 | 75,571,219 | 71,981,163 | |
| Cash overdraft | 510,552 | 619,825 | 0 | |
| Line of credit, net | 54,026,565 | 48,077,195 | 44,409,474 | |
| Drafts payable | 4,473,397 | 4,289,644 | 4,493,017 | |
| Note payable - current portion | 859,000 | 3,411,979 | 4,368,184 | |
| Other loans - current portion | - | - | 0 | |
| Note payable - stockholders and related parties - current portion | 1,185,000 | 1,265,000 | 290,000 | |
| Operating lease obligation - current portion | 94,825 | 107,097 | 97,163 | |
| Finance lease obligation - current portion | 9,934 | 14,431 | 14,243 | |
| Accrued expenses and other current liabilities | 2,841,010 | 1,994,689 | 2,032,194 | |
| Total current liabilities | 64,000,283 | 59,779,860 | 55,704,275 | |
| Note payable, net of current portion | 7,977,925 | 5,559,989 | 4,866,319 | |
| Finance lease obligation, net of current portion | - | 2,625 | 6,303 | |
| Note payable - stockholders and related parties, net of current portion | 1,383,500 | 1,363,500 | 2,814,040 | |
| Life insurance policy loan | 494,392 | 651,782 | 649,899 | |
| Operating lease obligation, net of current portion | 32,456 | 70,326 | 48,489 | |
| Total long-term liabilities | 9,888,273 | 7,648,222 | 8,385,050 | |
| Total liabilities | 73,888,556 | 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 march 31, 2026 and december 31, 2025 | 166 | 166 | 166 | |
| Common stock, par value 0.001 per share 100 million shares authorized, 2,940,030 and 3,001,216 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 2,940 | 3,001 | 3,001 | |
| Additional paid in capital | 3,514,577 | 3,511,465 | 3,507,140 | |
| Retained earnings | 5,187,552 | 4,628,505 | 4,381,531 | |
| Total stockholders' equity | 8,705,235 | 8,143,137 | 7,891,838 | |
| Total liabilities and stockholders' equity | 82,593,791 | 75,571,219 | 71,981,163 | |
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)