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The package supports multiple data types (continuous, count, binary) through    generalized linear model frameworks and handles missing values automatically. It provides    12 different penalty functions including Least Absolute Shrinkage and Selection Operator (Lasso),    adaptive Lasso, Smoothly Clipped Absolute Deviation (SCAD), Minimax Concave Penalty (MCP), group Lasso,    and their adaptive versions for inducing row-wise sparsity in factor loadings. Key features    include cross-validation for regularization parameter selection using Sparsity Information    Criterion (SIC), automatic determination of the number of factors via multiple information    criteria, and specialized algorithms for row-sparse loading structures. 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