On this page of Benford's Law Stocks.com we present our study of SHF Holdings Inc. — ticker symbol SHFS. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 7/30/2021 to 5/13/2024 for SHF Holdings Inc. under CIK number 0001854963. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SHFS, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for SHF Holdings Inc. based on the past SHFS filings our system processed in the past.
27.6
14.8
14.0
13.3
10.7
4.9
6.5
4.9
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 859
Recent share count: 55,430,976 (5's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
859
High count compared to other filers, with SHFS falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
88

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the company's typical historical range.
 • We deducted points upon observing the 3's percentage was above the company's typical historical range.
 • We deducted points upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was above the company's typical historical range.
 • We deducted points upon observing the 5's percentage was above the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
Benford's Law Stocks Indicator
SHFS
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
BRNS
SLRN
NMHI
STEL
ZVSA
MSAI
TRNR
CISO
Check our work! We provide our SHF Holdings Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SHFS filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 237 numbers that start with the digit 1. Here they are:
153,208
121,875
1,111,390
1,111,390
16,891
13,780
12,620
12,391
18,875
18,651
179,242
125,693
1,008,987
142,863
132,546
10,241,884
11,004,175
1,315,263
1,382,408
1,250,000
111
1,101
130,000,000
107,348,166
105,919,674
1,538,874
1,621,669
184,535
190,943
154,172
1,255,487
1,285,850
1,610,791
1,413,447
1,101
105,919,674
14,325
14,317
111
107,348,166
14,616
1
14,616
1
1,570,719
1,570,781
11,200,000
1,120
1,413,447
1,413,447
10,896
1
10,896
1
1,413,447
195,709
1,570,781
14,104
17,762
184,535
190,943
1,255,487
182,824
13,019
146,106
150,817
10,048
19,230
1,475,123
1,019,268
156,414
190,943
135,355
100
10
100
1,432,560
1,432,560
14,980
14,11,072
14,980
1,396,092
1,065,806
14,980
1.5
11,456,639
108,691
1,643,699
13.21
13,208,276
1,687
152,628
156,855
136,034
1,865,668
1,974,795
103,225
1,814,795
10,621,087
1,199,878
10,723
12,620
12,391
10,723
14,980
15,390
1,642
15.25
1,382,408
1,315,263
1,147,832
10,100,000
10,900,000
10,900,000
1,642
15,390
106,692,488
129,350,998
109,908,640
106,670,306
11,929
14,500,000
11,200,000
1,111,390
125,693
13,270,622
14,011,166
10,241,884
11,004,175
13,270,622
14,011,166
14,500,000
1,173,380
13,270,622
1,007,993
1,016,198
156,337
151,111
197,520
117,710
117,710
1,166,942
1,213,351
188,481
1,007,993
142,863
132,546
1,620,994
19,230
1,417,152
1,636,756
1,217,675
1,636,756
104,259
160,101
1,417,152
11,929
1,450,500
1,413,447
11,759,472
1,308,089
16,053,808
12,036,588
10,896,000
14,320,668
1,666,666
1.25
1,214,005
1.25
1,214,005
1,517,924
1,897,405
1,517,924
1.25
1,897,405
1,178,249
1,472,811
1,178,249
1.25
1,472,811
18.00
18.00
1,022,500
11.50
189,220
189,220
13,270,622
12,137,875
12,137,875
1,315,263
1,315,263
1,315,263
189,220
189,220
189,220
14,011,166
12,750,204
12,750,204
1,115,653
189,220
19,110
11,157
11.5
11.5
1.42
1.42
1.42
1.42
1.25
1.25
13.4
13.4
13.4
13.4
100
1,250,000
111
1,101
10.00
1.25
130,000,000
1.6
100
100
1,930
1.56
1.03
1,250,000
1,250,000
1.31
107,833
1.31
1.31
1.31
1.31
1.00
1.00
We found 127 numbers that start with the digit 2. Here they are:
2,095,320
2,095,320
217,392
2,692
21,922
2,921,257
2,889,792
2,908,642
2,280,038
2,022,724
2,049,676
25,670,730
25,670,730
2,049,676
2,049,676
23,732,889
2,374
23,732,889
2,374
2,049,676
27,970
224
232,040
238,557
2,692
21,922
21,488
2,100,000
2.00
2.00
239,017
2,889,792
216,000
2,921,257
2,019,000
2,540
2,066,918
2,019,001
21,488
21,078
21,078
21,078
28,115,013
215,504
215,504
25
21,425,560
2,095,320
295,487
2,266,449
217,925
217,925
222,275
222,275
226,705
226,705
231,216
231,216
205,358
2,245,831
25
2,245,831
2,166,250
2,049,676
25,670,730
25,670,730
22,586,139
2,099,977
25,670,730
25,670,730
215,666
2,284,080
2,775,655
27,142,082
264,088
2.00
2.00
273,124
273,124
20,315
20,315
25,070
25,070
2,268,432
2,268,432
2,921,257
2,921,257
2,921,257
20,315
20,315
20,315
2,268,432
2,268,432
2,268,432
2,889,792
2,889,792
2,889,792
25,070
25,070
25,070
273,124
273,124
273,124
273,124
25,070
216,000
2,268,432
20,315
286,300
211,538
2
2
2.00
2.00
28.14
21.0
20,663
2.00
2,286,010
2,284,080
2,170,000
2,441,855
2,284,080
2,441,855
215,667
215,667
215,667
We found 120 numbers that start with the digit 3. Here they are:
379,863
381,463
3,564,890
3,721,745
3,028,738
3,006,991
30,735,154
33,505,598
36,967,317
34,355,311
3,659,520
3,725,858
324,941
34,355,311
36,967,317
39,695,281
39,695,281
3,720
38,405,288
38,406,408
31,333
30,716
3,111
38,153
363,347
386,602
3,014
3,014
38,406,408
318,825
324,941
36,468
39,695,281
39,195,816
39,210,796
30
3,000,000
380,000
31,465
3,680,463
3,599,754
3,447,126
3,721,745
3,564,890
3,599,754
3,721,745
354,911
392,483
393,854
379,863
381,463
3,425,158
3,431,640
30,553,007
3,100,000
3,302,175
384,228
384,228
338,862
300,008
35
3,261,284
3,585,856
3,585,856
3,261,284
3,585,856
3,261,284
378,730
300,261
300,261
390,659
300,261
390,659
3,028,738
3,006,991
3,138,931
3,274,966
3,416,896
39,084
35,901
323,305
362,625
3,926,598
3,926,598
3,403,175
3,403,175
3,914,753
3.8
39.3
3
3.8
3.00
37.9
3,667,377
3,667,377
3,384,085
3,384,085
392,483
362,671
362,671
330,579
363,561
363,561
3,384,085
3,384,085
3,384,085
3,384,085
35,233
3,667,377
3.62
3.53
336,730
3.13
3.20
374,580
359,355
350,000
350,000
309,500
323,500
4's 5's 6's
We found 114 numbers that start with the digit 4. Here they are:
4,888,769
45,366
44,278,374
43,829,019
4,584,221
4,584,221
41,639
4,164,129
421,907
4,050,799
4,180,379
460,950
449,246
433,148
401,055
438,885
44,806,031
44,806,031
4,726,200
473
40,288,817
4,029
46,695,249
43,996,046
40,288,817
4,029
46,695,249
43,996,046
438,885
433,148
451,622
466,849
470,597
4,888,769
4,888,769
499,465
40,276,602
4,085,075
430,000
430,000
455,933
401,564
404,577
401,564
413,292
401,564
413,292
401,564
404,577
401,564
404,577
431,640
431,640
499,465
45,397
45,397
45,366
4.25
46.39
4.6
4.25
466,293
4,050,799
4,180,379
466,293
4.6
4,584,221
4,584,221
430,675
430,675
481,850
481,850
4,584,221
4,584,221
4,584,221
430,675
430,675
430,675
4,888,769
4,888,769
4,888,769
4,584,221
4,584,221
4,584,221
481,850
481,850
481,850
4,755
4.26
4.26
4.26
4.36
4.25
4.25
4.25
4.25
4.26
4.26
4.26
4.36
4.25
4.25
4.25
4.25
46
46
4.2
4.2
438,885
44,278,374
43,829,019
4
4.23
482,500
We found 92 numbers that start with the digit 5. Here they are:
55,431,001
5,626,362
506,634
546,437
525,000
562,500
577,315
594,000
55,431,001
54,563,372
5,545
5,458
5,802,048
55,213,609
56,268,075
54,563,372
5,458
576,647
576,647
55,431,001
5,545
5,113,125
5,113,125
581,321
581,321
5,004,727
5,005,200
562,330
550,000
533,945
548,671
5,626,362
581,321
5,626,362
566,341
581,321
5,835,822
5
5,650,775
5,645,107
594,000
56,775
55,088
56,775
5,699,464
57,737,288
55,215,013
58,168,928
55,646,653
525,000
566,341
58,168,928
55,646,653
51,692
51,692
57,737,287
55,660,039
525,000
5,503,206
577,315
5.6
5
51,103
55,425
550,000
55,213,609
56,268,075
566,755
55,213,609
55,213,609
55,213,609
56,268,075
5,750,000
5,000,000
5,000,000
594,000
594,000
594,000
594,000
5,626,362
5,626,362
5,626,362
594,000
594,000
594,000
594,000
5
5
55,431,001
54,563,372
5.43
5.43
We found 42 numbers that start with the digit 6. Here they are:
6,058,000
6,058,000
67,702,471
67,860,909
645,635
62,160
63,275
67,702,471
67,860,909
69,437
68,787
66,666
643,260
609,277
629,728
62
68,787
66,666
609,277
65,288
6,058,000
65,216
62,676
65,216
6,579,374
67,145
67,145
68,787
66,666
64,015,493
64,015,493
69,437
69,437
6.87
6.87
6,433,839
62.95
62.95
62.95
62.95
6
64,875
7's 8's 9's
We found 56 numbers that start with the digit 7. Here they are:
7,427,105
7,761,229
7,108,280
7,896,584
7,309,580
7,309,580
70,386,394
71,569,821
71,569,821
792,000
79
75,629
70,386,394
751,225
77,303
77,436
75,000
78,616
740,544
740,544
737,593
70,386,394
71,569,821
7.35
71,635
71,635
77,610,599
77,610,599
775,000
773,819
731,425
715,750
715,750
7,935,800
750,000
7,036,588
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
7,309,580
74,762
7,953
7,309,580
76.00
76.00
76.00
76.00
We found 42 numbers that start with the digit 8. Here they are:
82,657
84,220
820,777
859,861
810,000
835,598
875,447
87,742
866,170
866,249
8
873,289
82,657
8,500
8,390,195
8,628,752
810,000
82,026
82,056
84,220
83,739,916
81,087,746
8.6
820,777
859,861
87,742
87,742
859,861
820,777
859,861
835,598
875,447
88,800
810,000
810,000
810,000
810,000
810,000
810,000
810,000
810,000
83,904
We found 29 numbers that start with the digit 9. Here they are:
984,220
990
900,500
900,500
90,687,265
90,687,265
9,552
983,930
9
960,619
9,081
9,081
9,081
9,081
996,958
9,988,588
978,461
978,461
900,500
971,204
971,204
97
97
97
97
963,528
963,528
963,528
963,528
While the above SHFS 10Q Filed 5/13/2024 is interesting in isolation, we have found that it is also useful to take a look at older SHF Holdings Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/13/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SHFS 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

27.6
14.8
14.0
13.3
10.7
4.9
6.5
4.9
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 859

= Typical SHFS range from 7/30/2021 to 5/13/2024
35.5
14.2
12.0
10.0
7.0
5.4
7.2
4.5
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 927

= Typical SHFS range from 7/30/2021 to 5/13/2024
31.2
17.9
11.2
5.8
9.6
5.3
8.6
5.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 571

= Typical SHFS range from 7/30/2021 to 5/13/2024
43.5
18.8
4.5
4.9
14.3
5.8
2.2
2.2
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 53
XBRL?   [ original filing ]
Total numbers found: 223

= Typical SHFS range from 7/30/2021 to 5/13/2024
20.6
13.5
10.9
9.7
9.9
8.1
8.7
9.1
9.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 15,251

= Typical SHFS range from 7/30/2021 to 5/13/2024
33.0
17.3
12.0
11.3
9.4
3.3
4.8
4.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 1,133

= Typical SHFS range from 7/30/2021 to 5/13/2024
35.1
15.1
10.7
9.8
8.7
4.5
7.1
4.4
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 803

= Typical SHFS range from 7/30/2021 to 5/13/2024
44.2
15.0
8.9
4.2
10.0
3.6
6.7
1.8
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 448

= Typical SHFS range from 7/30/2021 to 5/13/2024
43.5
19.9
7.5
3.6
13.4
4.9
1.0
2.0
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 46
XBRL?   [ original filing ]
Total numbers found: 306

= Typical SHFS range from 7/30/2021 to 5/13/2024
34.8
16.3
13.8
9.7
7.0
3.0
6.2
5.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 968

= Typical SHFS range from 7/30/2021 to 5/13/2024
34.5
18.7
10.9
8.5
8.2
4.8
6.0
4.2
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 686

= Typical SHFS range from 7/30/2021 to 5/13/2024
37.6
20.8
2.9
6.5
13.1
5.7
8.6
2.9
2.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL?   [ original filing ]
Total numbers found: 245

= Typical SHFS range from 7/30/2021 to 5/13/2024
48.5
17.5
4.4
3.5
10.0
3.9
2.6
0.0
9.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 12
XBRL?   [ original filing ]
Total numbers found: 229

= Typical SHFS range from 7/30/2021 to 5/13/2024
 

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