FlexShopper (FPAY) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 01, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'FlexShopper, Inc.	'	'
Entity Central Index Key	'0001397047	'	'
Trading Symbol	'afng	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Well-Known Seasoned Issuer	'No	'	'
Entity Common Stock, Shares Outstanding	'	21,148,862	'
Entity Public Float	'	'	$2,600,000
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:	'	'
Cash	$960,032	$610,439
Retained interest in purchased accounts receivable, net	4,966,338	7,019,463
Due from clients	256,313	'
Earned but uncollected fee income	138,480	168,805
Prepaid expenses and other	52,904	100,998
Lease merchandise	8,004	'
Total current assets	6,382,071	7,899,705
PROPERTY AND EQUIPMENT, net	58,079	14,257
OTHER ASSETS:	'	'
Intangible assets - patent costs	30,760	'
Security deposits	9,485	6,023
Total other assets	40,245	6,023
Total Assets	6,480,395	7,919,985
CURRENT LIABILITIES:	'	'
Due to financial institution	3,240,942	4,977,763
Accounts payable	47,314	86,772
Accrued payroll and related taxes	68,141	69,338
Accrued expenses	55,412	59,252
Collected but unearned fee income	12,328	28,642
Total current liabilities	3,424,137	5,221,767
COMMITMENTS AND CONTINGENCIES	'	'
CONVERTIBLE PREFERRED STOCK, net of issuance costs of $1,209,383	671,409	671,409
COMMON STOCK	4,363	1,863
ADDITIONAL PAID IN CAPITAL	8,545,914	7,496,693
ACCUMULATED DEFICIT	-6,165,428	-5,471,747
Total Stockholders' Equity	3,056,258	2,698,218
Total Liabilities and Stockholder's Equity	$6,480,395	$7,919,985

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]	'	'
Issuance cost of convertible preferred stock (in dollars)	$1,209,383	$1,209,383

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'
FINANCE REVENUES	$2,364,128	$2,526,626
INTEREST EXPENSE - financial institution	-385,918	-454,241
INTEREST EXPENSE - related parties	'	-15,123
NET FINANCE REVENUES	1,978,210	2,057,262
PROVISION FOR CREDIT LOSSES, net of recoveries	-62,603	-41,797
FINANCE REVENUES, NET OF INTEREST EXPENSE AND CREDIT LOSSES	1,915,607	2,015,465
OPERATING EXPENSES	-2,609,288	-1,636,606
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES	-693,681	378,859
INCOME TAXES	'	'
NET (LOSS) INCOME	($693,681)	$378,859
BASIC EARNINGS PER COMMON SHARE:	'	'
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	($0.04)	$0.02
DILUTED EARNINGS PER COMMON SHARE:	'	'
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	($0.04)	$0.02
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	'	'
Basic	18,987,702	18,634,369
Dilutive	18,987,702	20,763,632

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2011	$671,409	$1,863	$7,465,386	($5,850,606)	$2,288,052
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Provision for compensation expense related to issued stock options	'	'	10,229	'	10,229
Benefit for compensation expense related to expired stock options	'	'	21,078	'	21,078
Net income, year ended	'	'	'	378,859	378,859
Balance at Dec. 31, 2012	671,409	1,863	7,496,693	-5,471,747	2,698,218
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Provision for compensation expense related to issued stock options	'	'	49,805	'	49,805
Provision for compensation expense related to issued warrants	'	'	1,916	'	1,916
Sale of common stock	'	2,500	997,500	'	1,000,000
Net income, year ended	'	'	'	-693,681	-693,681
Balance at Dec. 31, 2013	$671,409	$4,363	$8,545,914	($6,165,428)	$3,056,258

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net (loss) income	($693,681)	$378,859
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	38,326	19,804
Compensation expense related to issuance of stock options and warrants	51,721	31,307
Allowance for uncollectible accounts	'	62,949
Decrease (increase) in retained interest in purchased accounts receivable	2,053,125	-751,256
Increase in due from client	-256,313	'
Decrease (increase) in earned but uncollected	30,325	-11,735
Decrease (increase) in prepaid expenses and other	48,094	-30,074
Increase in lease merchandise	-8,004	'
Increase in security deposits	-3,462	-537
(Decrease) increase in accounts payable	-39,458	41,396
(Decrease) increase in accrued payroll and related taxes	-1,197	8,420
Decrease in collected but not earned	-16,314	-8,297
Increase (decrease) in accrued expenses	-3,840	29,643
Net cash provided by (used in) operating activities	1,199,322	-229,521
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Patent costs	-30,760	0
Purchases of property and equipment	-82,148	-17,031
Net cash used in investing activities	-112,908	-17,031
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
(Payments to) proceeds from financial institution, net	-1,736,821	550,420
Proceeds from capital contributions	1,000,000	'
Net cash (used in) provided by financing activities	-736,821	550,420
INCREASE IN CASH	349,593	303,868
CASH, beginning of period	610,439	306,571
CASH, end of period	$960,032	$610,439

Background_and_Description_of_

Background and Description of Business	12 Months Ended
	Dec. 31, 2013
Background and Description of Business [Abstract]	'
BACKGROUND AND DESCRIPTION OF BUSINESS	'
	1.  BACKGROUND AND DESCRIPTION OF BUSINESS:
	The consolidated financial statements include the accounts of FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the "Company") and its wholly owned subsidiaries, Anchor Funding Services, LLC ("Anchor") and FlexShopper, LLC ("FlexShopper").
	FlexShopper, Inc. is a Delaware holding corporation. FlexShopper, Inc. has no operations; substantially all operations of the Company are the responsibility of Anchor.
	Anchor is a North Carolina limited liability company. Today, the Company operates in two industry segments designated as Anchor and FlexShopper. Anchor purchases company’s accounts receivable, which provide businesses with critical working capital so they can meet their operational costs and obligations while waiting to receive payment from their customers. Anchor also provides back office services to businesses located throughout the United States of America. The Company is actively pursuing the sale of this business. FlexShopper provides certain types of durable goods to consumers on a lease-to-own basis and  also provides lease-to-own terms to consumers of third party retailers and e-tailers.
	FlexShopper is a North Carolina limited liability company. FlexShopper is developing a business that will directly provide certain categories of durable goods to consumers on a lease-to-own basis and currently provides lease-to-own terms to consumers of third party retailers. FlexShopper began generating revenues in December 2013; the amount of these revenues is immaterial to the financial statements.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

'

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

'

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Principles of Consolidation - The accompanying consolidated financial statements include FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the "Company") and its wholly owned subsidiaries, Anchor Funding Services, LLC ("Anchor") and FlexShopper, LLC ("FlexShopper").

Estimates – The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Revenue Recognition – Anchor charges fees to its customers in one of two ways as follows:

1)

Fixed Transaction Fee. Fixed transaction fees are a fixed percentage of the purchased invoice and purchase order advance.  This percentage does not change from the date the purchased invoice is funded until the date the purchased invoice is collected.

2)

Variable Transaction Fee.  Variable transaction fees are variable based on the length of time the purchased invoice and purchase order advance is outstanding.   As specified in its contract with the client, Anchor charges variable increasing percentages of the purchased invoice or purchase order advance as time elapses from the purchase date to the collection date.

For both Fixed and Variable Transaction fees, Anchor recognizes revenue by using one of two methods depending on the type of customer.  For new customers Anchor recognizes revenue using the cost recovery method.  For established customers Anchor recognizes revenue using the accrual method.

Under the cost recovery method, all revenue is recognized upon collection of the entire amount of purchased accounts receivable.

Anchor considers new customers to be accounts whose initial funding has been within the last three months or less.  Management believes it needs three months of history to reasonably estimate a customer’s collection period and accrued revenues.  If three months of history has a limited number of transactions, the cost recovery method will continue to be used until a reasonable revenue estimate can be made based on additional history.  Once Anchor obtains sufficient historical experience, it will begin using the accrual method to recognize revenue.

For established customers Anchor uses the accrual method of accounting.  Anchor applies this method by multiplying the historical yield, for each customer, times the amount advanced on each purchased invoice outstanding for that customer, times the portion of a year that the advance is outstanding.  The customers’ historical yield is based on the Anchor last six months of experience with the customer along with the Company’s experience in the customer’s industry, if applicable.

The amounts recorded as revenue under the accrual method described above are estimates.  As purchased invoices and purchase order advances are collected, Anchor records the appropriate adjustments to record the actual revenue earned on each purchased invoice and purchase order advance. Adjustments from the estimated revenue to the actual revenue have not been material.

Revenue Recognition FlexShopper – Lease revenues  are recognized  in the month they are due on the accrual  basis of accounting. For  internal  management reporting purposes, lease revenues from sales and lease ownership agreements are recognized as revenue in the month the cash is collected. On a monthly basis, we record an accrual for lease revenues due but not yet received, net of allowances, and a deferral of revenue for lease payments received prior to the month due. Our revenue recognition accounting policy matches the lease revenue  with the corresponding costs, mainly depreciation, associated with the leased merchandise.

Retained Interest in Purchased Accounts Receivable – Retained interest in purchased accounts receivable represents the gross amount of invoices purchased and advances on purchase orders from clients less amounts maintained in a reserve account.  For factoring transactions, Anchor purchases a customer’s accounts receivable and advances them a percentage of the invoice total.  The difference between the purchase price and amount advanced is maintained in a reserve account.  The reserve account is used to offset any potential losses Anchor may have related to the purchased accounts receivable.  For purchase order transactions the company advances and pays for 100% of the product’s cost.

Anchor’s factoring and security agreements with their customers include various recourse provisions requiring the customers to repurchase accounts receivable if certain conditions, as defined in the factoring and security agreement, are met.

Senior management reviews the status of uncollected purchased accounts receivable and purchase order advances monthly to determine if any are uncollectible.  Anchor has a security interest in the accounts receivable and inventory purchased and, on a case-by-case basis, may have additional collateral.  Anchor files security interests in the property securing their advances.  Access to this collateral is dependent upon the laws and regulations in each state where the security interest is filed.  Additionally, Anchor has varying types of personal guarantees from their customers relating to the purchased accounts receivable and purchase order advances.

Management considered approximately $3,000 of their December 31, 2013 and $80,500 of their December 31, 2012 retained interest in purchased accounts receivable to be uncollectible.

Management believes the fair value of the retained interest in purchased accounts receivable approximates its recorded value because of the relatively short-term nature of the purchased receivable and the fact that the majority of these invoices have been subsequently collected.

Intangible Assets - Intangible assets, primarily patent costs, are stated at cost less any accumulated amortization and any provision for impairment. Patent costs are amortized by using the straight line method over the shorter of their legal (20 years) or useful lives from the time they are first available for use.

Advertising Costs – The Company charges advertising costs to expense as incurred.  Total advertising costs were approximately $282,000 and $267,000 for the years ended December 31, 2013 and 2012, respectively.

Earnings per Share (“EPS”) – Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period.  Dilutive earnings per share include the potential impact of dilutive securities, such as convertible preferred stock, stock options and stock warrants.  The dilutive effect of stock options and warrants is computed using the treasury stock method, which assumes the repurchase of common shares at the average market price.

Under the treasury stock method, options and warrants will have a dilutive effect when the average price of common stock during the period exceeds the exercise price of options or warrants.

2013

2012

(Denominator)

(Denominator)

Weighted-

Per

Weighted-

Per

(Numerator)

Average

Share

(Numerator)

Average

Share

Net Loss

Shares

Amount

Net Income

Shares

Amount

Year  Ended December 31,

Basic EPS

$

(693,681

)

18,987,702

$

(0.04

)

$

378,859

18,634,369

$

0.02

Effect of Dilutive Securities – Options and

Convertible Preferred Stock

-

-

-

-

2,129,263

-

Diluted EPS

$

(693,681

)

18,987,702

$

(0.04

)

$

378,859

20,763,632

$

0.02

Stock Based Compensation - The fair value of transactions in which the Company exchanges its equity instruments for employee services (share-based payment transactions) is recognized as an expense in the financial statements as services are performed.

Compensation expense is determined by reference to the fair value of an award on the date of grant and is amortized on a straight-line basis over the vesting period. We have elected to use the Black-Scholes-Merton (BSM) pricing model to determine the fair value of all stock option awards.

See Note 9 for the impact on the operating results for the years ended December 31, 2013 and 2012.

Fair Value of Financial Instruments – The carrying value of cash equivalents, retained interest in purchased accounts receivable, due to financial institution, accounts payable and accrued liabilities approximates their fair value.

Cash and Cash Equivalents – Cash and cash equivalents consist primarily of highly liquid cash investment funds with original maturities of three months or less when acquired.

Income Taxes – Effective January 31, 2007, the Company became a “C” corporation for income tax purposes.  In a “C” corporation income taxes are provided for the tax effects of transactions reported in the consolidated financial statements plus deferred income taxes related to the differences between financial statement and taxable income.

The primary differences between financial statement and taxable income for the Company are as follows:

· Expenses related to the issuance of equity instruments

· Use of the reserve method of accounting for bad debts

· Net operating loss carryforwards.

The deferred tax asset represents the future tax return consequences of utilizing these items.   Deferred tax assets are reduced by a valuation reserve, when management is uncertain if the net deferred tax assets will ever be realized.

The Company applied the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. The Company applied this guidance to all its tax positions, including tax positions taken and those expected to be taken, under the transition provision of the interpretation. For the years ended December 31, 2013 and 2012, the Company concluded that it had no material uncertain tax positions.

The Company classifies interest accrued on unrecognized tax benefits with interest expense.  Penalties accrued on unrecognized tax benefits are classified with operating expenses.

Recent Accounting Pronouncements

The FASB amended the Comprehensive Income topic of the ASC in February 2013 with ASU No. 2013-02. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendment does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendment does require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amendment was effective for the Company on a prospective basis for fiscal year 2013. This amendment did not have a material effect on the Company’s financial statements.

In February 2013, the FASB Issued ASU No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date". ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for obligations within the scope of this ASU, which is effective January l, 2014. Upon adoption, we do not expect this ASU to impact our financial statements.

In July 2013, the FASB issued ASU 2013-11 , "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a  Similar Tax  Loss, or  a Tax Credit Carryforward Exists, "  which among other  things,  require an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial  statements as a reduction  to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as denoted within the ASU. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are currently evaluating the impact on our financial statements with respect to ASU 2013-11.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact in the Company’s financial position, results of operations or cash flows.

Retained_Interest_in_Purchased

Retained Interest in Purchased Accounts Receivable	12 Months Ended
	Dec. 31, 2013
Retained Interest In Purchased Accounts Receivable [Abstract]	'
RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE	'
	3. RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE:
	Retained interest in purchased accounts receivable consists of the following:
		31-Dec-13			31-Dec-12
	Purchased invoices	$	6,085,940		$	8,921,203
	Purchase order advances		365,394			21,156
	Reserve account		(1,481,996	)		(1,842,447	)
	Allowance for uncollectible invoices		(3,000	)		(80,449	)
		$	4,966,338		$	7,019,463
	Retained interest in purchased accounts receivable consists, excluding the allowance for uncollectible invoices, of United States companies in the following industries:
		31-Dec-13			31-Dec-12
	Staffing	$	192,806		$	185,557
	Transportation		1,592,900			1,773,290
	Service		3,063,021			4,528,668
	Manufacturing		120,611			612,397
		$	4,969,338		$	7,099,912
	Adjustments to the allowance for uncollectible invoices were as follows:
		For the years ending December 31,
		2013			2012
	Balance - beginning of year	$	80,449		$	17,500
	Provision for credit losses		12,200			62,949
	Write-offs		(89,649	)		-
	Balance - end of year	$	3,000		$	80,449
	Total purchased invoices and purchase order advances were as follows:
		For the years ending December 31,
			2013		2012
	Purchased invoices	$	83,653,644		$	95,875,787
	Purchase order advances		843,193			435,928
		$	84,496,837		$	96,311,715

Due_from_Client

Due from Client	12 Months Ended
	Dec. 31, 2013
Due From Client [Abstract]	'
DUE FROM CLIENT	'
	4. DUE FROM CLIENT
	As of December 31, 2013, Anchor was owed approximately $250,000 from a Food Service Company from whom Anchor had purchased invoices. In July 2013, Anchor determined that the Food Service Company had misdirected certain payments due to Anchor, and Anchor ceased funding this client. On August 8, 2013, the Food Service Company filed Chapter 11 Bankruptcy. At the time of the bankruptcy filing, Anchor's total funding employed to the Food Service Company was approximately $1,453,500. Under a Court Order approved settlement with the Food Service Company, Anchor collected approximately $1,153,500 of the Food Service Company’s accounts receivable. By Court Order, the final balance of $300,000 is to be paid to Anchor in twelve monthly installments of $25,000 beginning November 8, 2013.

Property_and_Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2013
Property and Equipment [Abstract]	'
PROPERTY AND EQUIPMENT	'
	5.  PROPERTY AND EQUIPMENT:
	Property and equipment consist of the following:
		Estimated
		Useful Lives	31-Dec-13			31-Dec-12
	Furniture and fixtures	2-5 years	$	64,945		$	46,818
	Computers and software	3-7 years		251,525			187,505
				316,470			234,323
	Less: accumulated depreciation			(258,391	)		(220,066	)
			$	58,079		$	14,257
	Depreciation expense was $38,326 and $19,804 for the years ended December 31, 2013 and 2012, respectively.

Due_to_Financial_Institution

Due to Financial Institution	12 Months Ended
	Dec. 31, 2013
Due to Financial Institution [Abstract]	'
DUE TO FINANCIAL INSTITUTION	'
	6.  DUE TO FINANCIAL INSTITUTION:
	On November 8, 2011, Anchor entered into a Rediscount Credit Facility with a Commercial Bank that was effective November 30, 2011 and replaced its prior credit facility. The maximum amount that can be borrowed under the facility is $10 million and the Bank will advance up to 80% of Anchor's advances to its clients. Anchor pays interest on advances monthly at the 90 Day Libor Rate plus 6.25% and various other monthly fees as defined in the agreement. The agreement requires that Anchor maintain at all times a ratio of debt to tangible net worth of not higher than four to one (4:1).  As of December 31, 2013, the Company was in compliance. The agreement contains customary representations and warranties, events of default and limitations, among other provisions. The agreement is collateralized by a first lien on all Anchors' assets. The agreement’s next anniversary date is November 30, 2014 and automatically renews each year for an additional year provided that the Company has not provided 60 days’ notice to the Bank in advance of the anniversary date. The facility was renewed through November 30, 2014. This facility contains certain standard covenants, representations and warranties for loans of this type.  In the event that we fail to comply with the covenant(s) and the lender does not waive such non-compliance, we could be in default of our credit facility, which could subject us to penalty rates of interest and accelerate the maturity of the outstanding balances in addition to other legal remedies, including foreclosure on collateral. The Company’s President and CEO have provided validity guarantees to the Bank. Anchor owed this financial institution $3,240,942 and $4,977,763 as of December 31, 2013 and 2012, respectively.

Capital_Structure

Capital Structure	12 Months Ended
	Dec. 31, 2013
Capital Structure [Abstract]	'
CAPITAL STRUCTURE	'
	7.  CAPITAL STRUCTURE:
	The Company’s capital structure consists of preferred and common stock as described below:
	Preferred Stock – The Company is authorized to issue 10,000,000 shares of $.001 par value preferred stock.  The Company’s Board of Directors determines the rights and preferences of its preferred stock.
	On January 31, 2007, the Company filed a Certificate of Designation with the Secretary of State of Delaware.  Effective with this filing, 2,000,000 preferred shares became Series 1 Convertible Preferred Stock.  Series 1 Convertible Preferred Stock will rank senior to Common Stock.
	Series 1 Convertible Preferred Stock is convertible into 5.1 shares of the Company’s Common Stock.  The holder of the Series 1 Convertible Preferred Stock has the option to convert the shares to Common Stock at any time.  Upon conversion all accumulated and unpaid dividends will be paid as additional shares of Common Stock.
	The dividend rate on Series 1 Convertible Preferred Stock is 8%.  Dividends are paid annually on December 31st in the form of additional Series 1 Convertible Preferred Stock unless the Board of Directors approves a cash dividend.  Dividends on Series 1 Convertible Preferred Stock shall cease to accrue on the earlier of December 31, 2009, or on the date they are converted to Common Shares.  Thereafter, the holders of Series 1 Convertible Preferred Stock have the same dividend rights as holders of Common Stock, as if the Series 1 Convertible Preferred Stock had been converted to Common Stock.
	Common Stock – The Company is authorized to issue 65,000,000 shares of $.0001 par value Common Stock.  Each share of Common Stock entitles the holder to one vote at all stockholder meetings.  Dividends on Common Stock will be determined annually by the Company’s Board of Directors.
	During the last quarter of 2013, the Company raised $1,000,000 from the sale of its restricted Common Stock at $.40 per share. An aggregate of 2,500,000 shares of Common Stock were sold under Rule 506 and/or Section 4(2) of the Securities Act of 1933 as amended.  The Company also issued 14,493 shares to consultants for services rendered.
	The changes in Series 1 Convertible Preferred Stock and Common Stock shares for the years ended December 31, 2013 and 2012 is summarized as follows:
		Series 1 Convertible		Common
		Preferred Stock		Stock
	Balance, January 1, 2012		376,387		18,634,369
	Preferred Stock Conversions		-		-
	Common Stock Issuances		-		-
	Balance, December 31, 2012		376,387		18,634,369
	Preferred Stock Conversions		-		-
	Common Stock Issuances		-		2,514,493
	Balance, December 31, 2013		376,387		21,148,862

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	8.  RELATED PARTY TRANSACTIONS:
	Promissory notes payable
	On March 19, 2014, FlexShopper entered into two Promissory Notes totaling $1,000,000, one with Morry Rubin and the other with a major shareholder and Director of the company. Each demand Promissory Note is for $500,000 and earns interest (payable monthly) at 10% per annum. The Promissory Notes are to assist FlexShopper in purchasing merchandise for lease to support FlexShopper’s growth.
	On June 5, 2012, upon approval of the Board, Anchor entered into two Promissory Notes totaling $400,000, one with Morry Rubin and the other with a major shareholder of the company. Each Promissory Note was for $200,000, had a 90 day term, and earned interest (payable monthly) at 15% per annum. The Promissory Notes were to assist Anchor in providing factoring and purchase order funding facilities to some of its clients. The Promissory Notes were subordinate to and supplemented Anchor's $10 Million Rediscount Credit Facility with a Commercial Bank. Both promissory notes were paid on September 5, 2012. Anchor paid $15,123 of interest on these notes for year ended December 31, 2012.
	Options granted to officers and directors.
	On March 20, 2012, M. Rubin and B. Bernstein were each granted 10 year options to purchase 250,000 shares of common stock each for a total of 500,000 shares, with the options vesting over a period of 10 years. Due to the anti-dilution provisions of our Series 1 Convertible Preferred Stock, this grant caused an adjustment of our preferred stock into common stock. Each share of Series 1 Preferred Stock is now convertible into 5.1 shares of the Company’s Common Stock. The holders of the Series 1 Convertible Preferred Stock have the option to convert the shares to Common Stock at any time. See Note 7.
	In June 2012, Paul Healy was granted 10-year non-statutory stock options to purchase 180,000 shares of Anchor’s common stock exercisable at $.25 per share. The options vest one-third immediately and one-third on each of the successive anniversary dates from Mr. Healy joining the board until fully vested.
	In June 2013, the Company granted the Chief Information Officer of F1exShopper, which is a non-executive officer position, 10-year Incentive Stock Options to purchase 100,000 shares of Anchor's Common Stock, exercisable at $.35 per share. The options vest one-third immediately, and one-third on each of the successive anniversary dates from the date the FlexShopper Chief Information Officer commenced work.

Employment_and_Stock_Option_Ag

Employment and Stock Option Agreements	12 Months Ended
	Dec. 31, 2013
Employment and Stock Option Agreements [Abstract]	'
EMPLOYMENT AND STOCK OPTION AGREEMENTS	'
	9. EMPLOYMENT AND STOCK OPTION AGREEMENTS:
	On January 31, 2007, the Board adopted our 2007 Omnibus Equity Compensation Plan (the “Plan”), with 2,100,000 common shares authorized for issuance under the Plan.  In October 2009 the Company's stockholders approved an increase in the number of shares covered by the Plan to 4,200,000 shares.
	The general purpose of the plan is to provide an incentive to the Company’s employees, directors and consultants by enabling them to share in the future growth of the business.
	At closing of the exchange transaction described above, M. Rubin and Brad Bernstein (“B. Bernstein”), the President of the Company, entered into employment contracts and stock option agreements.  Additionally, at closing two non-employee directors entered into stock option agreements.
	The following summarizes M. Rubin’s employment agreement and stock options:
	·	The employment agreement with M. Rubin currently retains his services as Co-chairman and Chief Executive Officer through January 31, 2015.
	·	On August 8, 2013, the board agreed to modify M. Rubin’s employment agreement and approved an annual salary of $125,000. Previously M. Rubin received an annual salary of $1.00. M. Rubin is eligible to receive periodic review of his base salary and annual bonuses as determined by the Company’s compensation committee.  M. Rubin shall be entitled to a monthly automobile allowance of $1,500.
	·	10-year options to purchase 650,000 shares exercisable at $1.25 per share, pursuant to the Plan. All of the aforementioned options are fully vested.
	The following summarizes B. Bernstein’s employment agreement and stock options:
	·	The employment agreement with B. Bernstein currently retains his services as President through January 31, 2015.
	·	An annual salary of $240,000.  The Board may periodically review B. Bernstein’s base salary and may determine to increase (but not decrease) the base salary in accordance with such policies as the Company may hereafter adopt from time to time.
	·	The Board approved an annual bonus program for Mr. Bernstein commencing with the 2012 fiscal year and ending with the 2014 fiscal year. The annual bonus is equal to 5% of annual net income provided net income is equal to or greater than $200,000. The bonus is calculated on the Company’s audited GAAP financial statements.  B. Bernstein shall be entitled to a monthly automobile allowance of $1,000.
	·	10-year options to purchase 950,000 shares exercisable at $1.25 per share, pursuant to the Plan. All of the aforementioned options are fully vested.
	The following table summarizes information about stock options as of December 31, 2013:
	Exercise				Number			Remaining	Number
	Price				Outstanding			Contractual Life	Exercisable
	$	1.25				1,605,000		4  years		1,605,000
	$	1				45,000		6  years		33,750
	$	0.62				500,000		6  years		500, 000
	$	0.17				500,000		9  years		500,000
	$	0.25				180,000		10 years		120,000
	$	0.35				100,000		10 years		33,333
	$	0.3				60,000		10 years		20,000
	$	0.45				25,000		10 years		8,333
						3,015,000				2,820,416
	The Company measured the fair value of each option award on the date of grant using the Black Scholes option pricing model (BSM) with the following assumptions:
	Exercise price		$	.17 to $1.25
	Term		10 years
	Volatility		0.38 to 2.50
	Dividends			0	%
	Discount rate		0.02% to 4.75%
	The fair value amounts recorded for these options in the statement of operations was $49,805 and $10,229 for the years ended December 31, 2013 and 2012, respectively.
	Stock option activity and weighted average exercise price is summarized as follows:
			2013							2012					2011
			Options				Price			Options			Price		Options			Price
	Outstanding at beginning of year			2,830,000				0.88			2,430,000			1.12		2,440,000			1.1
	Granted			195,000				0.35			680,000			0.19		-			-
	Cancelled			(10,000	)			0.45			(280,000	)		1.25		(10,000	)		1
	Exercised			-				-			-			-		-			-
	Outstanding at end of year			3,015,000				0.85			2,830,000			0.88		2,430,000			1.12
	Exercisable at end of year			2,820,416				0.88			2,198,750			1.08		2,401,250			1.12

Warrants

Warrants	12 Months Ended
	Dec. 31, 2013
Warrants [Abstract]	'
WARRANTS	'
	10. WARRANTS:
	In March, 2007, the Company’s placement agent was issued warrants to purchase 1,342,500 shares of the Company’s common stock. These warrants were due to expire on January 31, 2013, but were extended on the condition that each warrant holder accept a new exercise price of $1.35 per share. Currently, these warrants are scheduled to expire on January 31, 2018 and are currently exercisable at the original price of $1.10 per share.  The following information was input into BSM to compute a per warrant price of $.023:
	Exercise price		$	1.1
	Term		7 years
	Volatility			40%
	Dividends			0	%
	Discount rate			0.05	%
	For the year ended December 31, 2013, the Company recorded compensation expense of $1,916 related to the issuance of these warrants.
	On December 7, 2009, the Company received gross proceeds of $500,002 from the sale of 500,002 shares of common stock and ten year warrants to purchase 2,000,004 shares of common stock exercisable at $1.00 per share. BSM was used to compute the fair value of the warrants.
	The following table summarizes information about stock warrants as of December 31, 2013:
							Weighted Average
	Exercise				Number		Remaining	Number
	Price				Outstanding		Contractual Life	Exercisable
	$	1.1				1,342,500	1 Month		1,342,500
	$	1				2,000,004	7 years		2,000,004

Concentrations

Concentrations	12 Months Ended
	Dec. 31, 2013
Concentrations [Abstract]	'
CONCENTRATIONS	'
	11. CONCENTRATIONS:
	Revenues – The Company recorded revenues from United States companies in the following industries as follows:
	Industry	For the year ending December 31,
		2013			2012
	Staffing	$	80,780		$	69,773
	Transportation		627,095			782,058
	Service		1,365,379			1,426,583
	Other		20,357			105,483
	Manufacturing		173,844			-
	Apparel		96,673			142,729
		$	2,364,128		$	2,526,626
	Major Customers – The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.
	Client Accounts - As of December 31, 2013, Anchor has five clients that account for an aggregate of approximately 36.1% of its accounts receivable portfolio and approximately 16.3% of its revenues for the year ended December 31, 2013.  The transactions and balances with these clients as of and for the year ended December 31, 2013 are summarized below:
		Percentage of Accounts Receivable			Percentage of Revenues for
		Portfolio			the Twelve Months
		As of			Ended
	Entity	31-Dec-13			31-Dec-13
	Trucking company in MI		8.7	%		4.3	%
	Cable trenching utility in FL		6.4	%		3.4	%
	Importer in MI		8.4	%		3	%
	Aerospace servicer in NM		6.2	%		3.7	%
	Trucking Company in VA		6.4	%		1.9	%
			36.1	%		16.3	%
	Cash – The Company places its cash and cash equivalents on deposit with financial institutions in the United States. The Federal Deposit Insurance Corporation (FDIC) provides coverage up to $250,000 per depositor at FDIC-insured depository institutions.  At December 31, 2013, the Company had approximately $546,000 on deposit in excess of the insured limits.

Supplemental_Disclosures_of_Ca

Supplemental Disclosures of Cash Flow	12 Months Ended
	Dec. 31, 2013
Supplemental Disclosures of Cash Flow [Abstract]	'
SUPPLEMENTAL DISCLOSURES OF CASH FLOW	'
	12. SUPPLEMENTAL DISCLOSURES OF CASH FLOW:
	Cash paid for interest was as follows:
		For the year ending December 31,
		2013		2012
	To a financial institution	$	369,487	$	446,922
	To a related party		-		15,123
	Total	$	369,487	$	462,045
	Non-cash financing and investing activities consisted of the following:
	For the year ending 2013 –
	None
	For the year ending 2012 –
	None

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
INCOME TAXES	'
	13.  INCOME TAXES:
	For the year ended December 31, 2013, the Company had losses from continuing operations, therefore no current taxes were incurred.   For the year ended December 31, 2012, the Company was able to offset its taxable income through the utilization of  net operating loss carryforwards, therefore no current taxes were incurred.
	The following table reconciles the total provision for income taxes from continuing operations recorded in the consolidated statement of operations with the amounts computed at the statutory federal tax rate of 34%:
		2013			2012
	Federal tax expense at statutory rate	$	(235,000	)	$	146,000
	State tax expense		(10,000	)		15,000
	Permanent items		5,000			−
	Change in valuation allowance		(240,000	)		(161,000	)
	Income taxes	$	-		$	-
	Temporary differences between the amounts reported in the financial statements and the tax bases of assets and liabilities resulted in deferred taxes.  Deferred tax assets at December 31, 2013 and 2012 were as follows; certain prior year numbers have been reclassified to conform to current year presentation.
		2013			2012
	Equity based compensation	$	102,000		$	91,000
	Allowance for doubtful accounts		1,000			31,000
	Net operating loss carry-forwards		1,660,000			1,385,000
	Gross deferred tax assets		1,763,000			1,507,000
	Fixed assets and intangible basis difference		(19,000	)		(3,000	)
			1,744,000			1,504,000
	Valuation allowance		(1,744,000	)		(1,504,000	)
	Income taxes	$	-		$	-
	Primarily due to a taxable loss in 2013 the Company’s gross deferred tax asset increased to $1,763,000. All available evidence, both positive and negative, was considered to determine whether any impairment of this asset should be recognized.  Based on consideration of the available evidence including historical losses which must be treated as substantial negative evidence and the potential of future taxable income, a $1,744,000 valuation allowance has been recognized to adjust deferred tax assets and liabilities to the amount of net operating losses that are expected to be realized.  If realized, the tax benefit for this item will reduce current tax expense for that period as it did for the year ended December 31, 2012.
	The Company has the following net operating loss carryforwards available to offset future taxable income:
		Amount			Expiration
	Federal	$	4,313,000			2022 - 2025
	State	$	1,669,000			2022 - 2025
	The Company files tax returns in the U.S. federal jurisdiction and various states.  At December 31, 2013, federal tax returns remained open for Internal Revenue Service review for tax years after 2010, while state tax returns remain open for review by state taxing authorities for tax years after 2009.  There were no federal or state income tax audits being conducted as of December 31, 2013.

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2013
Segment Information [Abstract]	'
SEGMENT INFORMATION	'
	14. SEGMENT INFORMATION:
	The Company’s reportable segments consist of Anchor and FlexShopper. Anchor purchases company’s accounts receivable, which provide businesses with critical working capital so they can meet their operational costs and obligations while waiting to receive payment from their customers. FlexShopper provides certain types of durable goods to consumers on a lease-to-own basis and also provides lease-to-own terms to consumers of third party retailers and e-tailers.
	Information for the Company’s segments is as follows:
		Year Ended December 31,
		2013			2012
	Assets:
	FlexShopper	$	718,896		$	−
	Anchor		5,761,499			7,919,985
	Total	$	6,480,395		$	7,919,985
	Revenues:
	FlexShopper	$	119		$	−
	Anchor		2,364,009			2,526,626
	Total	$	2,364,128		$	2,526,626
	Net (loss) income:
	FlexShopper	$	(655,474	)	$	−
	Anchor		(38,207	)		378,859
	Total	$	(693,681	)	$	378,859

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	15. COMMITMENTS AND CONTINGENCIES:
	Lease Commitments
	The Company has lease agreements for office space in Charlotte, NC, and Boca Raton, FL. All lease agreements are with unrelated parties.
	The Company has two Charlotte leases for adjoining space that expire May 31, 2014.  The monthly rent for the combined space is approximately $2,340.
	Beginning November 1, 2009, the company entered  into  a 24 month  lease  for office  space  in Boca  Raton, FL, and  on November 1, 2012  renewed  for another  two years. This lease expired on September 30, 2013 and was not renewed.  The monthly rent was approximately $1,413.
	On August 1, 2013, FlexShopper entered into a 39 month lease for additional office space in Boca Raton, FL to accommodate the FlexShopper business and its additional employees. The monthly rent was approximately $6,800. This lease agreement was amended in January 2014 to reflect a 63 month term for a larger suite in an adjoining building. Upon commencement the monthly base rent including operating expenses for the first year will be approximately $15,800 with annual three percent increases throughout the lease term.
	Anchor had a lease for office space in Medley, FL, which was to expire on May 12, 2014. Anchor terminated this lease in 2013 and forfeited its security deposit.
	The rental expense for the years ended December 31, 2013 and 2012 was approximately $58,921 and $46,571, respectively.  The future minimum lease payments are approximately as follows:
	2014	$	86,900
	2015		117,600
	2016		122,000
	2017		126,000
	2018		129,600
	Thereafter		77,200
		$	659,300
	Contingencies
	We are not a party to any pending material legal proceedings except as described below. To our knowledge, no governmental authority is contemplating commencing a legal proceeding in which we would be named as a party.
	On October 22, 2010, Anchor filed a complaint in the Superior Court of Stamford/Norwalk, Connecticut against the Administrators of the Estate of David Harvey (“Harvey”) to recoup a credit loss incurred by the Company’s former subsidiary, Brookridge Funding Services, LLC.  Harvey was the owner of a Company that caused the credit loss and the Company is pursuing its rights under the personal guarantee that Harvey provided.  The Complaint is demanding principal of approximately $485,000 plus interest and damages.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	16. SUBSEQUENT EVENTS
	On March 6, 2014, Anchor signed a non-binding letter of intent with a financial institution to sell its factoring business. There can be no assurances given that the Company will sell its Anchor factoring business on terms satisfactory to the Company, if at all.
	On March 19, 2014 upon approval of the Board, FlexShopper entered into two Promissory Notes totaling $1,000,000, one with Morry Rubin and the other with a major shareholder and Director of the company. Each demand Promissory Note is for $500,000 and earns interest (payable monthly) at 10% per annum. The Promissory Notes are to assist FlexShopper in purchasing merchandise for lease to support FlexShopper’s growth.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

'

Principles of Consolidation

'

Principles of Consolidation - The accompanying consolidated financial statements include FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the "Company") and its wholly owned subsidiaries, Anchor Funding Services, LLC ("Anchor") and FlexShopper, LLC ("FlexShopper").

Estimates

'

Estimates – The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Revenue Recognition

'

Revenue Recognition – Anchor charges fees to its customers in one of two ways as follows:

1)

Fixed Transaction Fee. Fixed transaction fees are a fixed percentage of the purchased invoice and purchase order advance.  This percentage does not change from the date the purchased invoice is funded until the date the purchased invoice is collected.

2)

Variable Transaction Fee.  Variable transaction fees are variable based on the length of time the purchased invoice and purchase order advance is outstanding.   As specified in its contract with the client, Anchor charges variable increasing percentages of the purchased invoice or purchase order advance as time elapses from the purchase date to the collection date.

For both Fixed and Variable Transaction fees, Anchor recognizes revenue by using one of two methods depending on the type of customer.  For new customers Anchor recognizes revenue using the cost recovery method.  For established customers Anchor recognizes revenue using the accrual method.

Under the cost recovery method, all revenue is recognized upon collection of the entire amount of purchased accounts receivable.

Anchor considers new customers to be accounts whose initial funding has been within the last three months or less.  Management believes it needs three months of history to reasonably estimate a customer’s collection period and accrued revenues.  If three months of history has a limited number of transactions, the cost recovery method will continue to be used until a reasonable revenue estimate can be made based on additional history.  Once Anchor obtains sufficient historical experience, it will begin using the accrual method to recognize revenue.

For established customers Anchor uses the accrual method of accounting.  Anchor applies this method by multiplying the historical yield, for each customer, times the amount advanced on each purchased invoice outstanding for that customer, times the portion of a year that the advance is outstanding.  The customers’ historical yield is based on the Anchor last six months of experience with the customer along with the Company’s experience in the customer’s industry, if applicable.

The amounts recorded as revenue under the accrual method described above are estimates.  As purchased invoices and purchase order advances are collected, Anchor records the appropriate adjustments to record the actual revenue earned on each purchased invoice and purchase order advance. Adjustments from the estimated revenue to the actual revenue have not been material.

Revenue Recognition FlexShopper

'

Revenue Recognition FlexShopper – Lease revenues  are recognized  in the month they are due on the accrual  basis of accounting. For  internal  management reporting purposes, lease revenues from sales and lease ownership agreements are recognized as revenue in the month the cash is collected. On a monthly basis, we record an accrual for lease revenues due but not yet received, net of allowances, and a deferral of revenue for lease payments received prior to the month due. Our revenue recognition accounting policy matches the lease revenue  with the corresponding costs, mainly depreciation, associated with the leased merchandise.

Retained Interest in Purchased Accounts Receivable

'

Retained Interest in Purchased Accounts Receivable – Retained interest in purchased accounts receivable represents the gross amount of invoices purchased and advances on purchase orders from clients less amounts maintained in a reserve account.  For factoring transactions, Anchor purchases a customer’s accounts receivable and advances them a percentage of the invoice total.  The difference between the purchase price and amount advanced is maintained in a reserve account.  The reserve account is used to offset any potential losses Anchor may have related to the purchased accounts receivable.  For purchase order transactions the company advances and pays for 100% of the product’s cost.

Anchor’s factoring and security agreements with their customers include various recourse provisions requiring the customers to repurchase accounts receivable if certain conditions, as defined in the factoring and security agreement, are met.

Senior management reviews the status of uncollected purchased accounts receivable and purchase order advances monthly to determine if any are uncollectible.  Anchor has a security interest in the accounts receivable and inventory purchased and, on a case-by-case basis, may have additional collateral.  Anchor files security interests in the property securing their advances.  Access to this collateral is dependent upon the laws and regulations in each state where the security interest is filed.  Additionally, Anchor has varying types of personal guarantees from their customers relating to the purchased accounts receivable and purchase order advances.

Management considered approximately $3,000 of their December 31, 2013 and $80,500 of their December 31, 2012 retained interest in purchased accounts receivable to be uncollectible.

Management believes the fair value of the retained interest in purchased accounts receivable approximates its recorded value because of the relatively short-term nature of the purchased receivable and the fact that the majority of these invoices have been subsequently collected.

Intangible Assets

'

Intangible Assets - Intangible assets, primarily patent costs, are stated at cost less any accumulated amortization and any provision for impairment. Patent costs are amortized by using the straight line method over the shorter of their legal (20 years) or useful lives from the time they are first available for use.

Advertising Costs

'

Advertising Costs – The Company charges advertising costs to expense as incurred.  Total advertising costs were approximately $282,000 and $267,000 for the years ended December 31, 2013 and 2012, respectively.

Earnings per Share ("EPS")

'

Earnings per Share (“EPS”) – Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period.  Dilutive earnings per share include the potential impact of dilutive securities, such as convertible preferred stock, stock options and stock warrants.  The dilutive effect of stock options and warrants is computed using the treasury stock method, which assumes the repurchase of common shares at the average market price.

Under the treasury stock method, options and warrants will have a dilutive effect when the average price of common stock during the period exceeds the exercise price of options or warrants.

2013

2012

(Denominator)

(Denominator)

Weighted-

Per

Weighted-

Per

(Numerator)

Average

Share

(Numerator)

Average

Share

Net Loss

Shares

Amount

Net Income

Shares

Amount

Year  Ended December 31,

Basic EPS

$

(693,681

)

18,987,702

$

(0.04

)

$

378,859

18,634,369

$

0.02

Effect of Dilutive Securities – Options and

Convertible Preferred Stock

-

-

-

-

2,129,263

-

Diluted EPS

$

(693,681

)

18,987,702

$

(0.04

)

$

378,859

20,763,632

$

0.02

Stock Based Compensation

'

Stock Based Compensation - The fair value of transactions in which the Company exchanges its equity instruments for employee services (share-based payment transactions) is recognized as an expense in the financial statements as services are performed.

Compensation expense is determined by reference to the fair value of an award on the date of grant and is amortized on a straight-line basis over the vesting period. We have elected to use the Black-Scholes-Merton (BSM) pricing model to determine the fair value of all stock option awards.

See Note 9 for the impact on the operating results for the years ended December 31, 2013 and 2012.

Fair Value of Financial Instruments

'

Fair Value of Financial Instruments – The carrying value of cash equivalents, retained interest in purchased accounts receivable, due to financial institution, accounts payable and accrued liabilities approximates their fair value.

Cash and Cash Equivalents

'

Cash and Cash Equivalents – Cash and cash equivalents consist primarily of highly liquid cash investment funds with original maturities of three months or less when acquired.

Income Taxes

'

Income Taxes – Effective January 31, 2007, the Company became a “C” corporation for income tax purposes.  In a “C” corporation income taxes are provided for the tax effects of transactions reported in the consolidated financial statements plus deferred income taxes related to the differences between financial statement and taxable income.

The primary differences between financial statement and taxable income for the Company are as follows:

· Expenses related to the issuance of equity instruments

· Use of the reserve method of accounting for bad debts

· Net operating loss carryforwards.

The deferred tax asset represents the future tax return consequences of utilizing these items.   Deferred tax assets are reduced by a valuation reserve, when management is uncertain if the net deferred tax assets will ever be realized.

The Company applied the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. The Company applied this guidance to all its tax positions, including tax positions taken and those expected to be taken, under the transition provision of the interpretation. For the years ended December 31, 2013 and 2012, the Company concluded that it had no material uncertain tax positions.

The Company classifies interest accrued on unrecognized tax benefits with interest expense.  Penalties accrued on unrecognized tax benefits are classified with operating expenses.

Recent Accounting Pronouncements

'

Recent Accounting Pronouncements

The FASB amended the Comprehensive Income topic of the ASC in February 2013 with ASU No. 2013-02. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendment does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendment does require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amendment was effective for the Company on a prospective basis for fiscal year 2013. This amendment did not have a material effect on the Company’s financial statements.

In February 2013, the FASB Issued ASU No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date". ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for obligations within the scope of this ASU, which is effective January l, 2014. Upon adoption, we do not expect this ASU to impact our financial statements.

In July 2013, the FASB issued ASU 2013-11 , "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a  Similar Tax  Loss, or  a Tax Credit Carryforward Exists, "  which among other  things,  require an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial  statements as a reduction  to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as denoted within the ASU. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are currently evaluating the impact on our financial statements with respect to ASU 2013-11.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact in the Company’s financial position, results of operations or cash flows.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Schedule of reconciliation of the components used to derive basic and diluted EPS	'
		2013								2012
					(Denominator)							(Denominator)
					Weighted-		Per					Weighted-		Per
		(Numerator)			Average		Share			(Numerator)		Average		Share
		Net Loss			Shares		Amount			Net Income		Shares		Amount
	Year  Ended December 31,
	Basic EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		18,634,369	$	0.02
	Effect of Dilutive Securities – Options and
	Convertible Preferred Stock		-			-		-			-		2,129,263		-
	Diluted EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		20,763,632	$	0.02

Retained_Interest_in_Purchased1

Retained Interest in Purchased Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2013
Retained Interest In Purchased Accounts Receivable [Abstract]	'
Schedule of retained interest in purchased accounts receivable	'
			31-Dec-13			31-Dec-12
	Purchased invoices		$	6,085,940		$	8,921,203
	Purchase order advances			365,394			21,156
	Reserve account			(1,481,996	)		(1,842,447	)
	Allowance for uncollectible invoices			(3,000	)		(80,449	)
			$	4,966,338		$	7,019,463
Schedule of retained interest in purchased accounts receivable excluding allowance for uncollectible invoices	'
			31-Dec-13			31-Dec-12
	Staffing		$	192,806		$	185,557
	Transportation			1,592,900			1,773,290
	Service			3,063,021			4,528,668
	Manufacturing			120,611			612,397
			$	4,969,338		$	7,099,912
Schedule of adjustments to allowance for uncollectible invoices	'
		For the years ending December 31,
			2013			2012
	Balance - beginning of year		$	80,449		$	17,500
	Provision for credit losses			12,200			62,949
	Write-offs			(89,649	)		-
	Balance - end of year		$	3,000		$	80,449
Schedule of purchased invoices and purchase order advances	'
		For the years ending December 31,
				2013		2012
	Purchased invoices		$	83,653,644		$	95,875,787
	Purchase order advances			843,193			435,928
			$	84,496,837		$	96,311,715

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Property and Equipment [Abstract]	'
Schedule of property and equipment	'
		Estimated
		Useful Lives	31-Dec-13			31-Dec-12
	Furniture and fixtures	2-5 years	$	64,945		$	46,818
	Computers and software	3-7 years		251,525			187,505
				316,470			234,323
	Less: accumulated depreciation			(258,391	)		(220,066	)
			$	58,079		$	14,257

Capital_Structure_Tables

Capital Structure (Tables)	12 Months Ended
	Dec. 31, 2013
Capital Structure [Abstract]	'
Schedule of conversions of convertible preferred stock and common stock	'
		Series 1 Convertible		Common
		Preferred Stock		Stock
	Balance, January 1, 2012		376,387		18,634,369
	Preferred Stock Conversions		-		-
	Common Stock Issuances		-		-
	Balance, December 31, 2012		376,387		18,634,369
	Preferred Stock Conversions		-		-
	Common Stock Issuances		-		2,514,493
	Balance, December 31, 2013		376,387		21,148,862

Employment_and_Stock_Option_Ag1

Employment and Stock Option Agreements (Tables)	12 Months Ended
	Dec. 31, 2013
Employment and Stock Option Agreements [Abstract]	'
Schedule of information about stock options	'
	Exercise				Number			Remaining	Number
	Price				Outstanding			Contractual Life	Exercisable
	$	1.25				1,605,000		4  years		1,605,000
	$	1				45,000		6  years		33,750
	$	0.62				500,000		6  years		500, 000
	$	0.17				500,000		9  years		500,000
	$	0.25				180,000		10 years		120,000
	$	0.35				100,000		10 years		33,333
	$	0.3				60,000		10 years		20,000
	$	0.45				25,000		10 years		8,333
						3,015,000				2,820,416
Schedule of option input into a Black Scholes option pricing model	'
	Exercise price		$	.17 to $1.25
	Term		10 years
	Volatility		0.38 to 2.50
	Dividends			0	%
	Discount rate		0.02% to 4.75%
Schedule of stock option activity and weighted average exercise price	'
			2013							2012					2011
			Options				Price			Options			Price		Options			Price
	Outstanding at beginning of year			2,830,000				0.88			2,430,000			1.12		2,440,000			1.1
	Granted			195,000				0.35			680,000			0.19		-			-
	Cancelled			(10,000	)			0.45			(280,000	)		1.25		(10,000	)		1
	Exercised			-				-			-			-		-			-
	Outstanding at end of year			3,015,000				0.85			2,830,000			0.88		2,430,000			1.12
	Exercisable at end of year			2,820,416				0.88			2,198,750			1.08		2,401,250			1.12

Warrants_Tables

Warrants (Tables)	12 Months Ended
	Dec. 31, 2013
Warrants [Abstract]	'
Schedule of warrants, valuation assumptions	'
	Exercise price		$	1.1
	Term		7 years
	Volatility			40%
	Dividends			0	%
	Discount rate			0.05	%
Schedule of stock warrants	'
							Weighted Average
	Exercise				Number		Remaining	Number
	Price				Outstanding		Contractual Life	Exercisable
	$	1.1				1,342,500	1 Month		1,342,500
	$	1				2,000,004	7 years		2,000,004

Concentrations_Tables

Concentrations (Tables)	12 Months Ended
	Dec. 31, 2013
Concentrations [Abstract]	'
Schedule of revenue from different industries	'
	Industry	For the year ending December 31,
		2013			2012
	Staffing	$	80,780		$	69,773
	Transportation		627,095			782,058
	Service		1,365,379			1,426,583
	Other		20,357			105,483
	Manufacturing		173,844			-
	Apparel		96,673			142,729
		$	2,364,128		$	2,526,626
Schedule of revenue from different client	'
		Percentage of Accounts Receivable			Percentage of Revenues for
		Portfolio			the Twelve Months
		As of			Ended
	Entity	31-Dec-13			31-Dec-13
	Trucking company in MI		8.7	%		4.3	%
	Cable trenching utility in FL		6.4	%		3.4	%
	Importer in MI		8.4	%		3	%
	Aerospace servicer in NM		6.2	%		3.7	%
	Trucking Company in VA		6.4	%		1.9	%
			36.1	%		16.3	%

Supplemental_Disclosures_of_Ca1

Supplemental Disclosures of Cash Flow (Tables)	12 Months Ended
	Dec. 31, 2013
Supplemental Disclosures of Cash Flow [Abstract]	'
Schedule of interest paid in cash	'
		For the year ending December 31,
			2013		2012
	To a financial institution		$	369,487	$	446,922
	To a related party			-		15,123
	Total		$	369,487	$	462,045

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Schedule of total provision for income taxes from continuing operations	'
			2013				2012
	Federal tax expense at statutory rate		$	(235,000	)		$	146,000
	State tax expense			(10,000	)			15,000
	Permanent items			5,000				−
	Change in valuation allowance			(240,000	)			(161,000	)
	Income taxes		$	-			$	-
Schedule of deferred assets and liabilities	'
			2013				2012
	Equity based compensation		$	102,000			$	91,000
	Allowance for doubtful accounts			1,000				31,000
	Net operating loss carry-forwards			1,660,000				1,385,000
	Gross deferred tax assets			1,763,000				1,507,000
	Fixed assets and intangible basis difference			(19,000	)			(3,000	)
				1,744,000				1,504,000
	Valuation allowance			(1,744,000	)			(1,504,000	)
	Income taxes		$	-			$	-
Schedule of net operating loss carryforwards	'
		Amount				Expiration
	Federal		$	4,313,000				2022 - 2025
	State		$	1,669,000				2022 - 2025

Segment_Information_Tables

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Information [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		Year Ended December 31,
		2013			2012
	Assets:
	FlexShopper	$	718,896		$	−
	Anchor		5,761,499			7,919,985
	Total	$	6,480,395		$	7,919,985
	Revenues:
	FlexShopper	$	119		$	−
	Anchor		2,364,009			2,526,626
	Total	$	2,364,128		$	2,526,626
	Net (loss) income:
	FlexShopper	$	(655,474	)	$	−
	Anchor		(38,207	)		378,859
	Total	$	(693,681	)	$	378,859

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'
Schedule of Future Minimum Lease Payments	'
	2014	$	86,900
	2015		117,600
	2016		122,000
	2017		126,000
	2018		129,600
	Thereafter		77,200
		$	659,300

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Reconciliation of components used to derive basic and diluted EPS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies [Abstract]	'	'
(Numerator) Net Income (Loss), Basic EPS	($693,681)	$378,859
(Numerator) Net Income (Loss), Effect of Dilutive Securities - Options and Convertible Preferred Stock	'	'
(Numerator) Net Income (Loss), Diluted EPS	($693,681)	$378,859
(Denominator) Weighted- Average Shares, Basic EPS	18,987,702	18,634,369
(Denominator) Weighted- Average Shares, Effect of Dilutive Securities - Options and Convertible Preferred Stock	'	2,129,263
(Denominator) Weighted- Average Shares, Diluted EPS	18,987,702	20,763,632
Per Share Amount, Basic EPS	($0.04)	$0.02
Per Share Amount, Effect of Dilutive Securities - Options and Convertible Preferred Stock	'	'
Per Share Amount, Diluted EPS	($0.04)	$0.02

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]	'	'	'
Maximum percentage of advances on purchase order	100.00%	'	'
Uncollectible retained interest in purchased accounts receivable	$3,000	$80,449	$17,500
Total advertising costs	$282,000	$267,000	'
Legal Useful life	'20 years	'	'
Amortization method	'	'	'
	Straight line method

Retained_Interest_in_Purchased2

Retained Interest in Purchased Accounts Receivable - Retained interest in purchased accounts receivable (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Retained Interest In Purchased Accounts Receivable [Abstract]	'	'	'
Purchased invoices	$6,085,940	$8,921,203	'
Purchase order advances	365,394	21,156	'
Reserve account	-1,481,996	-1,842,447	'
Allowance for uncollectible invoices	-3,000	-80,449	-17,500
Retained interest in purchased accounts receivable, net	$4,966,338	$7,019,463	'

Retained_Interest_in_Purchased3

Retained Interest in Purchased Accounts Receivable - Retained interest in purchased accounts receivable excluding allowance for uncollectible invoices (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Retained interest in purchased accounts receivable	$4,969,338	$7,099,912
Staffing	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Retained interest in purchased accounts receivable	192,806	185,557
Transportation	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Retained interest in purchased accounts receivable	1,592,900	1,773,290
Service	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Retained interest in purchased accounts receivable	3,063,021	4,528,668
Manufacturing	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Retained interest in purchased accounts receivable	$120,611	$612,397

Retained_Interest_in_Purchased4

Retained Interest in Purchased Accounts Receivable - Summary of Adjustments to allowance for uncollectible invoices (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Retained Interest In Purchased Accounts Receivable [Abstract]	'	'
Balance - beginning of year	$80,449	$17,500
Provision for credit losses	'	62,949
Write-offs	-89,649	'
Balance - end of year	$3,000	$80,449

Retained_Interest_in_Purchased5

Retained Interest in Purchased Accounts Receivable - Summary of purchased invoices and purchase order advances (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Retained Interest In Purchased Accounts Receivable [Abstract]	'	'
Purchased invoices	$83,653,644	$95,875,787
Purchase order advances	843,193	435,928
Purchased invoices and purchase order advances, Total	$84,496,837	$96,311,715

Due_from_Client_Details

Due from Client (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Due From Client [Abstract]	'
Amount owed from a client	$250,000
Total funding employed	1,453,500
Bankruptcy claims, amount settled	1,153,500
Bankruptcy claims, final balance	300,000
Bankruptcy claims, installment amount	$25,000
Bankruptcy Claims Installment Payment Terms	'The final balance of $300,000 is to be paid to Anchor in twelve monthly installments of $25,000 beginning November 8, 2013.

Property_and_Equipment_Summary

Property and Equipment - Summary of property and equipment (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
			Furniture and Fixtures	Furniture and Fixtures	Furniture and Fixtures	Furniture and Fixtures	Computers and Software	Computers and Software	Computers and Software	Computers and Software
					Maximum	Minimum			Maximum	Minimum
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'
Property and equipment, Gross	$316,470	$234,323	$64,945	$46,818	'	'	$251,525	$187,505	'	'
Less: accumulated depreciation	-258,391	-220,066	'	'	'	'	'	'	'	'
Property and equipment, net	$58,079	$14,257	'	'	'	'	'	'	'	'
Estimated useful lives	'	'	'	'	'5 years	'2 years	'	'	'7 years	'3 years

Property_and_Equipment_Details

Property and Equipment (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Property and Equipment [Abstract]	'	'
Depreciation	$38,326	$19,804

Due_to_Financial_Institution_D

Due to Financial Institution (Details Textual) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Nov. 30, 2011
			Commercial Bank
			Line of Credit
Line of Credit Facility [Line Items]	'	'	'
Maximum borrowed credit facility	'	'	$10,000,000
Percentage of advance under borrowed facility	'	'	80.00%
Description of variable rate basis	'	'	'90 Day Libor Rate plus 6.25
Spread on variable rate	'	'	6.25%
Ratio of debt to tangible net worth	'	'	'not higher than four to one (4:1)
Notice period to bank	'	'	'60 days
Due to financial institution	$3,240,942	$4,977,763	'

Capital_Structure_Summary_of_c

Capital Structure - Summary of changes in series 1 convertible preferred stock and common stock shares (Details)	1 Months Ended	12 Months Ended
	Jan. 31, 2007	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
Series 1 Convertible Preferred Stock	'	'	'	'
Balance, beginning (in shares)	'	376,387	376,387	376,387
Preferred stock conversions (in shares)	2,000,000	'	'	'
Common stock issuances (in shares)	'	'	'	'
Balance, ending (in shares)	'	376,387	376,387	376,387
Common Stock	'	'	'	'
Balance, beginning (in shares)	'	18,634,369	18,634,369	18,634,369
Preferred stock conversions (in shares)	'	'	'	'
Common stock issuances (in shares)	'	2,514,493	'	'
Balance, ending (in shares)	'	21,148,862	18,634,369	18,634,369

Capital_Structure_Details_Text

Capital Structure (Details Textual) (USD $)	3 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2013	Jan. 31, 2007	Dec. 31, 2013
		Series 1 Convertible Preferred Stock	Series 1 Convertible Preferred Stock
Preferred stock, par value (in dollars per share)	$0.00	'	'
Preferred stock, shares authorized (in shares)	10,000,000	'	'
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)	'	2,000,000	'
Preferred stock conversion ratio	'	'	'5.1 shares
Dividend rate on Series 1 Convertible Preferred Stock	'	'	8.00%
Common stock, shares authorized (in shares)	65,000,000	'	'
Common stock, par value (in dollars per share)	$0.00	'	'
Restricted common stock, value	$1,000,000	'	'
Restricted common stock, shares	2,500,000	'	'
Restricted common stock, per share	$0.40	'	'
Shares issued to consultants for services	14,493	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)	12 Months Ended						0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Jun. 05, 2012	Mar. 19, 2014	Jun. 05, 2012	Mar. 19, 2014	Jun. 05, 2012	Mar. 19, 2014
	Promissory_Note	Line Of Credit Promissory Note	Morry Rubin	Morry Rubin	Major Shareholder	Major Shareholder	Morry Rubin and Major Shareholders	Morry Rubin and Major Shareholders
			Line Of Credit Promissory Note	Line Of Credit Promissory Note	Line Of Credit Promissory Note	Line Of Credit Promissory Note	Line Of Credit Promissory Note	Line Of Credit Promissory Note
				Subsequent Event [Member]		Subsequent Event [Member]		Subsequent Event [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'
Number of promissory notes	2	'	'	'	'	'	'	'
Promissory notes, face amount	'	'	$200,000	$500,000	$200,000	$500,000	$400,000	$1,000,000
Term of promissory note	'	'	'	'	'	'	'90 days	'
Interest rate of promissory note	'	'	'	'	'	'	15.00%	10.00%
Rediscount credit facility with a commercial bank	'	'	'	'	'	'	10,000,000	'
Interest paid	'	$15,123	'	'	'	'	'	'

Related_Party_Transactions_Det1

Related Party Transactions (Details Textual 1) (Stock Options, USD $)	1 Months Ended	12 Months Ended			1 Months Ended
	Mar. 20, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 20, 2012	Mar. 20, 2012	Jun. 30, 2013	Mar. 20, 2012	Jun. 30, 2012
					Morry Rubin	B Bernstein	Officers and Directors	Officers and Directors	Paul Healy
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'
Term of options	'	'	'	'	'10 years	'10 years	'10 years	'10 years	'10 years
Number of option granted	'	195,000	680,000	'	250,000	250,000	100,000	500,000	180,000
Preferred stock conversion ratio	'5.1 shares	'	'	'	'	'	'	'	'
Vesting period of option	'	'	'	'	'10 years	'10 years	'	'	'
Shares exercisable (in dollars per share)	'	$0.88	$1.08	$1.12	'	'	$0.35	'	$0.25

Employment_and_Stock_Option_Ag2

Employment and Stock Option Agreements - Summary of stock option (Details) (Stock Options, USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Exercise Price $ 1.25

Exercise Price $ 1.00

Exercise Price $ 1.00

Exercise Price $ 0.62

Exercise Price $ 0.17

Exercise Price $ 0.25

Exercise Price $ 0.35

Exercise Price $ 0.30

Exercise Price $ 0.45

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise Price (in dollars per share)

$0.85

$0.88

$1.12

$1.10

$1.25

$1

$1

$0.62

$0.17

$0.25

$0.35

$0.30

$0.45

Number Outstanding

3,015,000

2,830,000

2,430,000

2,440,000

1,605,000

45,000

45,000

500,000

500,000

180,000

100,000

60,000

25,000

Remaining Contractual Life

'

'

'

'

'4 years

'6 years

'

'6 years

'9 years

'10 years

'10 years

'10 years

'10 years

Number Exercisable

2,820,416

2,198,750

2,401,250

'

1,605,000

33,750

'

500,000

500,000

120,000

33,333

20,000

8,333

Employment_and_Stock_Option_Ag3

Employment and Stock Option Agreements - Summary of fair value option award on date of grant (Details 1) (Stock Options, USD $)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Term	'10 years
Dividends	0.00%
Minimum	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Exercise price (in dollars per share)	0.17
Volatility	0.38%
Discount rate	0.02%
Maximum	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Exercise price (in dollars per share)	1.25
Volatility	2.50%
Discount rate	4.75%

Employment_and_Stock_Option_Ag4

Employment and Stock Option Agreements- Summary of stock option activity and weighted average exercise price (Details 2) (Stock Options, USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Options	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'	'	'
Outstanding at beginning of year	2,830,000	2,430,000	2,440,000
Granted	195,000	680,000	'
Cancelled	-10,000	-280,000	-10,000
Exercised	'	'	'
Outstanding at end of year	3,015,000	2,830,000	2,430,000
Exercisable at end of year	2,820,416	2,198,750	2,401,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]	'	'	'
Outstanding at beginning of year	$0.88	$1.12	$1.10
Granted	$0.35	$0.19	'
Canceled	$0.45	$1.25	$1
Exercised	'	'	'
Outstanding at end of year	$0.85	$0.88	$1.12
Exercisable at end of year	$0.88	$1.08	$1.12

Employment_and_Stock_Option_Ag5

Employment and Stock Option Agreements (Details Textual) (2007 Omnibus Equity Compensation Plan)	Oct. 31, 2009	Jan. 31, 2007
2007 Omnibus Equity Compensation Plan	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Common shares authorized for issuance (in shares)	4,200,000	2,100,000

Employment_and_Stock_Option_Ag6

Employment and Stock Option Agreements (Details Textual 1) (Stock Options, USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 08, 2013	Dec. 31, 2013	Dec. 31, 2013
				2007 Omnibus Equity Compensation Plan	2007 Omnibus Equity Compensation Plan	2007 Omnibus Equity Compensation Plan
				M Rubins Employment Agreement	M Rubins Employment Agreement	B Bernstein Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'
Officers' annual salary	'	'	'	$125,000	$1	$240,000
Bonus equivalent to annual net income percentage	'	'	'	'	'	5.00%
Net income before tax threshold limit for salary revision	'	'	'	'	'	200,000
Monthly automobile allowance	'	'	'	'	$1,500	$1,000
Term of options	'	'	'	'	'10 years	'10 years
Option to purchase common stock	'	'	'	'	650,000	950,000
Shares exercisable (in dollars per share)	$0.88	$1.08	$1.12	'	$1.25	$1.25
Option award method used	'	'	'	'	'	'Black Scholes option pricing model

Employment_and_Stock_Option_Ag7

Employment and Stock Option Agreements (Details Textual 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Employment and Stock Option Agreements [Abstract]	'	'
Fair value amounts recorded for option	$49,805	$10,229

Warrants_Summary_of_warrants_D

Warrants - Summary of warrants (Details) (Warrant, USD $)	12 Months Ended
	Dec. 31, 2013
Warrant	'
Class of Warrant or Right [Line Items]	'
Exercise price (in dollars per share)	$1.10
Term	'7 years
Volatility	40.00%
Dividends	0.00%
Discount rate	0.05%

Warrants_Summary_of_informatio

Warrants - Summary of information about stock warrants (Details 1)	Dec. 07, 2009	Dec. 31, 2013	Dec. 31, 2013
		Warrant	Warrant
		Exercise Price $ 1.10	Exercise Price $ 1.00
Class of Warrant or Right [Line Items]	'	'	'
Exercise price (in dollars per share)	1	1.1	1
Number Outstanding	'	1,342,500	2,000,004
Weighted Average Remaining Contractual Life	'	'1 month	'7 years
Number Exercisable	'	1,342,500	2,000,004

Warrants_Details_Textual

Warrants (Details Textual) (USD $)	Dec. 07, 2009	Dec. 31, 2013	Mar. 31, 2007	Mar. 31, 2007	Mar. 31, 2007
		Warrant	Warrant	Warrant	Warrant
				Warrants Extended By 31 January 2013	Warrants Extended By 31 January 2018
Class of Warrant or Right [Line Items]	'	'	'	'	'
Number of common stock shares to purchase warrant	2,000,004	'	1,342,500	'	'
Exercise price (in dollars per share)	1	0.023	'	1.35	1.1
Compensation expenses for issuance of warrants	'	$1,916	'	'	'

Warrants_Details_Textual_1

Warrants (Details Textual 1) (USD $)	0 Months Ended
	Dec. 07, 2009
Warrants [Abstract]	'
Proceeds from sale of common stock shares	$500,002
Number of common stock shares sold	500,002
Term of warrant	'10 years
Number of common stock shares to purchase warrant	2,000,004
Exercise price (in dollars per share)	1

Concentrations_Summary_of_reve

Concentrations -Summary of revenue from different industries (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	$2,364,128	$2,526,626
Staffing	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	80,780	69,773
Transportation	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	627,095	782,058
Service	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	1,365,379	1,426,583
Other	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	20,357	105,483
Manufacturing	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	173,844	'
Apparel	'	'
Revenue By Different Industries [Line Items]	'	'
Revenues by industries	$96,673	$142,729

Concentrations_Summary_of_clie

Concentrations- Summary of client accounts (Details 1) (Customer Concentration Risk)	12 Months Ended
	Dec. 31, 2013
Accounts Receivable	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	36.10%
Accounts Receivable | Trucking Company | MI	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	8.70%
Accounts Receivable | Cable trenching utility | FL	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	6.40%
Accounts Receivable | Importer | MI	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	8.40%
Accounts Receivable | Aerospace servicer | NM	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	6.20%
Accounts Receivable | Trucking Company | VA	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	6.40%
Revenue	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	16.30%
Revenue | Trucking Company | MI	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	4.30%
Revenue | Cable trenching utility | FL	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	3.40%
Revenue | Importer | MI	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	3.00%
Revenue | Aerospace servicer | NM	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	3.70%
Revenue | Trucking Company | VA	'
Concentration Risk [Line Items]	'
Percentage of revenue from major customer	1.90%

Concentrations_Details_Textual

Concentrations (Details Textual) (Customer Concentration Risk)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	Clients
Concentration Risk [Line Items]	'	'
Percentage of revenue from major customer	'10% or more	'10% or more
Percentage of revenue from major customer, description	'The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.	'The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.
Number of clients	5	'
Accounts Receivable	'	'
Concentration Risk [Line Items]	'	'
Percentage of revenue from major customer	36.10%	'
Revenue	'	'
Concentration Risk [Line Items]	'	'
Percentage of revenue from major customer	16.30%	'

Concentrations_Details_Textual1

Concentrations (Details Textual 1) (USD $)	Dec. 31, 2013
Concentrations [Abstract]	'
Depository account maximum amount covered by FDIC	$250,000
Cash, deposit in excess of the insured limits	$546,000

Supplemental_Disclosures_of_Ca2

Supplemental Disclosures of Cash Flow - Summary of cash paid for interest (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplemental Disclosures of Cash Flow [Abstract]	'	'
To a financial institution	$369,487	$446,922
To a related party	'	15,123
Total	$369,487	$462,045

Income_Taxes_Summary_of_total_

Income Taxes - Summary of total provision for income taxes from continuing operations (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]	'	'
Federal tax expense at statutory rate	($235,000)	$146,000
State tax expense	-10,000	15,000
Permanent items	5,000	'
Change in valuation allowance	-240,000	-161,000
Income taxes	'	'

Income_Taxes_Summary_of_deferr

Income Taxes - Summary of deferred assets and liabilities (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]	'	'
Equity based compensation	$102,000	$91,000
Allowance for doubtful accounts	1,000	31,000
Net operating loss carry-forwards	1,660,000	1,385,000
Gross deferred tax assets	1,763,000	1,507,000
Fixed assets and intangible basis difference	-19,000	-3,000
Deferred tax assets, net of valuation allowance	1,744,000	1,504,000
Valuation allowance	-1,744,000	-1,504,000
Income taxes	'	'

Income_Taxes_Summary_of_net_op

Income Taxes- Summary of net operating loss carryforwards available to offset future taxable income (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013
Federal	'
Operating Loss Carryforwards [Line Items]	'
Future taxable income amount	$4,313,000
Future taxable income expiration	'2022 - 2025
State	'
Operating Loss Carryforwards [Line Items]	'
Future taxable income amount	$1,669,000
Future taxable income expiration	'2022 - 2025

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]	'	'
Statutory federal tax rate	34.00%	'
Gross deferred tax assets	$1,763,000	$1,507,000
Valuation allowance	$1,744,000	$1,504,000

Segment_Information_Details

Segment Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'
Net (loss) income:	($693,681)	$378,859
Assets:	6,480,395	7,919,985
Revenues:	2,364,128	2,526,626
Flexshopper	'	'
Segment Reporting Information [Line Items]	'	'
Net (loss) income:	-655,474	'
Assets:	718,896	'
Revenues:	119	'
Anchor	'	'
Segment Reporting Information [Line Items]	'	'
Net (loss) income:	-38,207	378,859
Assets:	5,761,499	7,919,985
Revenues:	$2,364,009	$2,526,626

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'
2014	$86,900
2015	117,600
2016	122,000
2017	126,000
2018	129,600
Thereafter	77,200
Total	$659,300

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	1 Months Ended		12 Months Ended			1 Months Ended
	Oct. 22, 2011	Oct. 22, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Aug. 01, 2013	Nov. 30, 2012	Nov. 30, 2009	Aug. 01, 2013
					Charlotte	Boca Raton	Boca Raton	Boca Raton	Flexshopper
					Lease
Property Subject to or Available for Operating Lease [Line Items]	'	'	'	'	'	'	'	'	'
Number of leases	'	'	'	'	2	'	'	'	'
Monthly rent	'	'	'	'	$2,340	$6,800	$1,413	'	'
Term of lease	'	'	'	'	'	'39 months	'	'24 months	'
Additional lease renewal term	'	'	'	'	'	'	'2 years	'	'
Rental expense	'	'	58,921	46,571	'	'	'	'	15,800
Future minimum lease payments in 2013	'	'	86,900	'	'	'	'	'	'
Description of leasing arrangements	'	'	'This lease agreement was amended in January 2014 to reflect a 63 month term for a larger suite in an adjoining building.	'	'	'	'	'	'
Principal amount, sought value	$485,000	$485,000	'	'	'	'	'	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Jun. 05, 2012	Jun. 05, 2012	Jun. 05, 2012	Mar. 19, 2014	Mar. 19, 2014	Mar. 19, 2014
	Promissory_Note	Line Of Credit Promissory Note [Member]	Line Of Credit Promissory Note [Member]	Line Of Credit Promissory Note [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
		Morry Rubin [Member]	Major Shareholder [Member]	Morry Rubin and Major Shareholders [Member]	Line Of Credit Promissory Note [Member]	Line Of Credit Promissory Note [Member]	Line Of Credit Promissory Note [Member]
					Morry Rubin [Member]	Major Shareholder [Member]	Morry Rubin and Major Shareholders [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'
Number of promissory notes	2	'	'	'	'	'	'
Promissory notes, face amount	'	$200,000	$200,000	$400,000	$500,000	$500,000	$1,000,000
Interest rate of promissory note	'	'	'	15.00%	'	'	10.00%