The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | -869,940 | - |
| Depreciation | 9,811 | 19,591 |
| Amortization of right to use asset - operating lease | 29,303 | 57,466 |
| Amortization of finance lease asset | 3,314 | 6,628 |
| Provision for credit losses | 326,273 | 630,266 |
| Amortization of loan origination fees | -394 | -788 |
| Net income | - | 593,916 |
| Stock compensation | 4,325 | 4,325 |
| (increase)/decrease in prepaid expenses and other current assets | 63,647 | -53,155 |
| (increase)/decrease in deferred tax asset, net | 15,000 | 36,000 |
| Increase/(decrease) in drafts payable | -203,373 | 2,412,207 |
| Increase/(decrease) in accrued expenses and other current liabilities | -37,505 | 116,971 |
| Increase/(decrease) in operating lease liability | -29,302 | -57,466 |
| Net cash provided by operating activities | 300,617 | 3,801,847 |
| Disbursements under premium finance contracts receivable, net | 3,796,983 | 6,834,851 |
| Payments made on cash surrender value of life insurance | 35,011 | 17,121 |
| Purchases of property and equipment | 0 | 887 |
| Net cash used in investing activities | -3,831,994 | -6,852,859 |
| Cash overdraft | 619,825 | -328,421 |
| Proceeds of line of credit, net of repayments | 3,667,327 | 3,192,618 |
| Proceeds of other loans | - | 0 |
| Proceeds from loan on cash surrender value of life insurance, net of repayments | 5,771 | - |
| Proceeds from notes payable | 80,426 | 429,006 |
| Repayment of notes payable | 342,961 | 188,000 |
| Proceeds from notes payable - stockholders and related parties | 14,460 | 65,000 |
| Repayment of notes payable - stockholders and related parties | 490,000 | - |
| Repayment of finance lease obligation | 3,490 | 6,847 |
| Proceeds from loan on cash surrender value of life insurance, net of repayments | - | 3,888 |
| Repayment of other loans | 0 | 45,705 |
| Dividends paid on series a convertible preferred stock | 29,050 | 58,100 |
| Net cash provided by financing activities | 3,518,420 | 3,063,439 |
| Net change in cash | -12,957 | 12,427 |
| Cash and cash equivalents at beginning of period | 1,716 | - |
| Cash and cash equivalents at end of period | 1,186 | - |
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)
STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)