About
Payroll4Free offers free, full-featured payroll software and services for businesses with up to 25 employees, with secure support funded by targeted ads. Visit our site to learn more!
- Beachwood, United States of America
- Legal Name: Payroll4Free.com, INC.
- Company ID: 46-1032027
- Year Founded: —
- Industry: Financial Services
- Website: —
- SEC Filings
Highlights
—
CF Valuation
$113.5K
Total Raised
$466.1K
Revenue
11
Employees
Indicators
Profit Margin
-64.8%
(12.6%)
2022: -77.4%
Current Ratio
0.08
(33.3%)
2022: 0.06
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
Revenue Growth
Employee Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Gross Profit | $466,110 | $415,534 | $271,861 | $210,594 | $95,990 | $71,803 | 549% |
| Other Costs | -$767,910 | -$736,614 | -$702,406 | -$697,252 | -$112,939 | -$244,380 | 214% |
| Taxes Paid | -$450 | -$562 | -$686 | -$677 | $0 | $0 | -34% |
| Net Income | -$302,250 | -$321,642 | -$431,231 | -$487,335 | -$16,949 | -$172,577 | 75% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $62,862 | $45,642 | $14,791 | $96,695 | $114,854 | $144,161 | -56% |
| Accounts Receivable | $3,312 | $4,174 | $3,302 | $17,544 | $1,091 | $657 | 404% |
| Total Liquidity | $66,174 | $49,816 | $18,093 | $114,239 | $115,945 | $144,818 | -54% |
| Other Assets | $0 | $0 | $7,354 | $1,599 | $0 | $0 | -100% |
| Total Assets | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
| Short Term debt | $877,862 | $769,981 | $701,107 | $531,069 | $115,211 | $144,806 | 506% |
| Long Term debt | $2,203,342 | $2,955,687 | $2,134,786 | $2,012,564 | $1,739,925 | $1,722,253 | 28% |
| Total Debt | $3,081,204 | $3,725,668 | $2,835,893 | $2,543,633 | $1,855,136 | $1,867,059 | 65% |
| Other Liabilities | -$3,015,030 | -$3,675,852 | -$2,810,446 | -$2,427,795 | -$1,739,191 | -$1,722,241 | 75% |
| Total Liabilities | $66,174 | $49,816 | $25,447 | $115,838 | $115,945 | $144,818 | -54% |
Indicators
Profit Margin
-64.8%
(12.6%)
2022: -77.4%
Current Ratio
0.08
(33.3%)
2022: 0.06
Efficiency Ratio
∞
(0%)
2022: ∞
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | ∞ | 29% | ∞ | 34% | ∞ |
| Profit Margin | -65% | -77% | -159% | -231% | -18% | -240% |
| Current Ratio | 0% | 0% | 0% | 0% | 1% | 1% |
| Efficiency Ratio | 0% | 0% | 0% | 0% | 0% | 0% |
| Solvency Ratio | -10% | -9% | -15% | -19% | -1% | -9% |
| Debt Ratio | 4,656% | 7,479% | 11,144% | 2,196% | 1,600% | 1,289% |
Funding History
1 Funding Round
$113,471Total Raised
—CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Jan 01, 2018 | $113,471 | Wefunder | Revenue Share | — | — | SEC Reg CF | 189 days | Jun 26, 2017 |
