October 6, 2025 · CEO: Chip LaFleur, EVP: Bob Flavin
LaFleur entered 2025 facing significant financial headwinds following the loss of two major clients, resulting in early-year losses. Over the first three quarters, we have stabilized operations, reduced expenses by more than 30%, and are now seeing measurable improvement entering Q4.
Financially, we have stemmed the losses and strengthened cash flow. Total accounts receivable have been adjusted to $79,261 after correcting a duplicate invoice, improving collection accuracy and aligning reporting integrity. Debt reduction and expense controls continue to position us for sustainable growth.
Summary: After a difficult start to 2025, LaFleur is financially stabilizing with disciplined cost control, refined operations, and renewed market traction. Q4 will focus on accelerating growth through improved conversion and collection performance.
Context: Q3 softness; Q4 trending up with improved conversion and collection accuracy.
| Category | Amount |
|---|---|
| Total Assets | $152,007 |
| Cash Position (FCB 3703) | $32,377 |
| Accounts Receivable | $79,261 |
| Other Current Assets | $61,648 |
| Category | Amount |
|---|---|
| Total Liabilities | $1,096,533 |
| Line of Credit | $30,000 |
| Loans (FCB2 + Team) | $302,929 |
| Equity | -$944,526 |
| Customer | Amount | Notes |
|---|---|---|
| CBH Attorneys & Counselors | $14,398 | 91+ days |
| Dauphin | $11,340 | 1–90 days mixed |
| Crowe LLP (+ FS) | $9,375 | Under 60 days |
| JR Automation | $7,148 | Current |
| Total A/R | $79,261 |
Collections focus: 60–90+ day balances.
Two major client losses; Orchard split; cash pressure.
Expense reductions >30%; Orchard liabilities largely cleared.
Conversions improving; new signed business; final Orchard payments in Dec.
Effect: Reduced interest expense and simplified balance sheet heading into Q4.
Q3 was about infrastructure. Q4 is about acceleration.