FlexShopper (FPAY) S-1 13 Aug 18 IPO registration Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	FlexShopper, Inc.
Entity Central Index Key	1,397,047
Amendment Flag	false
Trading Symbol	FPAY
Document Type	S1
Document Period End Date	Jun. 30, 2018
Entity Filer Category	Smaller Reporting Company

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash	$ 2,055,948	$ 4,968,915	$ 5,412,495
Accounts receivable, net	4,104,683	4,259,468	2,181,787
Prepaid expenses	382,758	321,035	361,777
Lease merchandise, net	17,806,583	21,415,322	18,570,460
Total current assets	24,349,972	30,964,740	26,526,519
PROPERTY AND EQUIPMENT, net	3,073,049	2,948,164	2,540,514
OTHER ASSETS, net	94,185	95,722	88,591
Total assets	27,517,206	34,008,626	29,155,624
CURRENT LIABILITIES:
Current portion of loan payable under credit agreement to beneficial shareholder net of $449,226 at 2018 and $118,404 at 2017 of unamortized issuance costs	14,402,123	14,094,096
Accounts payable	4,513,971	7,702,145	3,917,747
Accrued payroll and related taxes	365,514	404,346	296,333
Promissory notes	3,500,000
Accrued expenses	767,921	786,095	259,104
Total current liabilities	23,549,529	22,986,682	4,473,184
Loan payable under credit agreement to beneficial shareholder net of $40,839 at June 30, 2018 and $39,468 at Dec 31, 2017 and $631,488 in 2016 of unamortized issuance costs and current portion	1,309,284	4,698,032	10,156,719
Total liabilities	24,858,813	27,684,714	14,629,903
COMMITMENTS (Note 10)
STOCKHOLDERS' EQUITY
Series 1 Convertible Preferred Stock, $0.001 par value- authorized 250,000 shares, issued and outstanding 239,405 and 243,065 shares at $5.00 stated value	1,197,025	1,197,025	1,215,325
Series 2 Convertible Preferred Stock, $0.001 par value- authorized 25,000 shares, issued and outstanding 21,952 shares at $1,000 stated value	21,952,000	21,952,000	21,952,000
Common stock, $0.0001 par value- authorized 15,000,000 shares, issued and outstanding 5,469,501 shares as of 2018 and 5,294,501 as of 2017 and shares 5,287,281 as of 2016	547	529	529
Additional paid in capital	23,041,404	22,445,691	22,298,439
Accumulated deficit	(43,532,583)	(39,271,333)	(30,940,572)
Total stockholders' equity	2,658,393	6,323,912	14,525,721
Total liabilities and stockholder's equity	$ 27,517,206	$ 34,008,626	$ 29,155,624

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Loan payable unamortized issuance costs	$ 449,226	$ 118,404
Unamortized issuance costs	$ 40,839	$ 39,468	$ 631,488
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	15,000,000	15,000,000	15,000,000
Common stock, shares issued	5,469,501	5,294,501	5,287,281
Common stock, shares outstanding	5,469,501	5,294,501	5,287,281
Series 1 Convertible Preferred Stock
Convertible preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	250,000	250,000	250,000
Convertible preferred stock, shares issued	239,405	239,405	243,065
Convertible preferred stock, shares outstanding	239,405	239,405	243,065
Convertible preferred stock, stated value	$ 5	$ 5	$ 5
Series 2 Convertible Preferred Stock
Convertible preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	25,000	25,000	25,000
Convertible preferred stock, shares issued	21,952	21,952	21,952
Convertible preferred stock, shares outstanding	21,952	21,952	21,952
Convertible preferred stock, stated value	$ 1,000	$ 1,000	$ 1,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Lease revenues and fees	$ 18,588,477	$ 16,363,033	$ 37,925,373	$ 33,313,925	$ 65,412,131	$ 46,513,235
Lease merchandise sold	487,830	324,227	1,102,348	814,952	1,634,233	1,066,350
Total revenues	19,076,307	16,687,260	39,027,721	34,128,877	67,046,364	47,579,585
Costs and expenses:
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise	8,987,412	8,126,839	19,395,158	16,587,622	31,453,246	22,734,553
Cost of lease merchandise sold	324,705	226,310	658,468	535,928	998,800	687,991
Provision for doubtful accounts	5,483,487	4,759,879	10,658,805	9,675,629	19,135,207	13,281,242
Marketing	1,260,237	818,609	2,429,187	1,630,791	6,094,330	10,193,052
Salaries and benefits	2,031,788	1,898,005	4,211,164	3,666,157	7,862,714	5,946,401
Other operating expenses					7,664,566	5,064,869
Operating expenses	1,918,246	1,869,317	3,957,184	3,542,969
Total costs and expenses	20,005,875	17,698,959	41,309,966	35,639,096	73,208,863	57,908,108
Operating loss	(929,568)	(1,011,699)	(2,282,245)	(1,510,219)	(6,162,499)	(10,328,523)
Interest expense including amortization of debt issuance costs	1,045,338	551,304	1,979,005	1,107,295	2,168,262	1,925,184
Net loss	(1,974,906)	(1,563,003)	(4,261,250)	(2,617,514)	(8,330,761)	(12,253,707)
Cumulative dividends on Series 2 Convertible Preferred Shares	604,824	560,236	1,208,504	1,109,036	2,316,396	1,211,964
Net loss attributable to common shareholders	$ (2,579,730)	$ (2,123,239)	$ (5,469,754)	$ (3,726,550)	$ (10,647,157)	$ (13,465,671)
Basic and diluted (loss) per common share:
Net loss	$ (0.48)	$ (0.4)	$ (1.03)	$ (0.7)	$ (2.01)	$ (2.57)
WEIGHTED AVERAGE COMMON SHARES:
Basic and diluted	5,368,390	5,290,670	5,331,445	5,288,975	5,290,944	5,249,476

Consolidated Statement of Chang

Consolidated Statement of Changes In Stockholders' Equity(Unaudited) - USD ($)	Total	Series 1 Convertible Preferred Stock	Series 2 Convertible Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance at Dec. 31, 2015	$ 6,167,959	$ 1,640,985		$ 521	$ 23,213,318	$ (18,686,865)
Balance, shares at Dec. 31, 2015		328,197		5,210,408
Sale of Series 2 Preferred Stock	21,952,000		$ 21,952,000
Sale of Series 2 Preferred Stock, shares			21,952
Fair value of warrants issued to placement agent in conjunction with sale of Series 2 Preferred Stock	150,451				150,451
Costs related to sale of Series 2 Preferred Stock	(1,669,790)				(1,669,790)
Provision for compensation expense related to stock options	136,308				136,308
Conversion of preferred stock to common stock		$ (425,660)		$ 5	425,655
Conversion of preferred stock to common stock, shares		(85,132)		51,873
Exercise of stock options	42,500			$ 3	42,497
Exercise of stock options, shares				25,000
Net loss	(12,253,707)					(12,253,707)
Balance at Dec. 31, 2016	14,525,721	$ 1,215,325	$ 21,952,000	$ 529	22,298,439	(30,940,572)
Balance, shares at Dec. 31, 2016		243,065	21,952	5,287,281
Provision for compensation expense related to stock options	113,952				113,952
Conversion of preferred stock to common stock		$ (18,300)			18,300
Conversion of preferred stock to common stock, shares		(3,660)		2,220
Exercise of stock options	15,000				15,000
Exercise of stock options, shares				5,000
Net loss	(8,330,761)					(8,330,761)
Balance at Dec. 31, 2017	6,323,912	$ 1,197,025	$ 21,952,000	$ 529	22,445,691	(39,271,333)
Balance, shares at Dec. 31, 2017		239,405	21,952	5,294,501
Provision for compensation expense related to stock options	72,481				72,481
Warrants issued in connection with amended credit agreement and subsequent issuance of common stock upon exercise of the warrants	523,250			$ 18	523,232
Warrants issued in connection with amended credit agreement and subsequent issuance of common stock upon exercise of the warrants, Shares				175,000
Net loss	(4,261,250)					(4,261,250)
Balance at Jun. 30, 2018	$ 2,658,393	$ 1,197,025	$ 21,952,000	$ 547	$ 23,041,404	$ (43,532,583)
Balance, shares at Jun. 30, 2018		239,405	21,952	5,469,501

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,261,250)	$ (2,617,514)	$ (8,330,761)	$ (12,253,707)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and impairment of lease merchandise	19,395,158	16,587,622	31,453,246	22,734,553
Other depreciation and amortization	1,191,510	1,002,644	2,090,581	1,566,507
Compensation expense related to issuance of stock options and warrants	72,481	42,211	113,952	136,308
Provision for doubtful/uncollectible accounts	10,658,805	9,675,629	19,135,207	13,281,242
Changes in operating assets and liabilities:
Accounts receivable	(10,504,020)	(9,885,543)	(21,212,888)	(14,710,870)
Prepaid expenses and other	(60,167)	(110,749)	32,296	(124,707)
Lease merchandise	(15,786,419)	(11,532,939)	(34,298,108)	(30,100,878)
Security deposits		(5,928)	(10,206)	(1,493)
Accounts payable	(3,188,174)	(1,337,021)	3,784,397	2,133,818
Accrued payroll and related taxes	(38,832)	(25,312)	108,013	44,814
Accrued expenses	108,198	80,570	535,437	(78,016)
Net cash (used in) provided by operating activities	(2,412,710)	1,873,670	(6,598,834)	(17,372,429)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment, including capitalized software costs	(1,021,551)	(979,562)	(2,021,538)	(1,855,088)
Net cash (used in) investing activities	(1,021,551)	(979,562)	(2,021,538)	(1,855,088)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options		15,000	15,000	42,500
Proceeds from exercise of warrants	1,750
Proceeds from promissory notes	3,465,000
Proceeds of loans from shareholder				1,000,000
Repayment of loans from shareholder				(1,000,000)
Proceeds from loan payable under credit agreement	3,550,000		10,450,000	4,941,359
Repayment of loan payable under credit agreement	(6,420,852)	(788,207)	(2,288,208)	(4,172,714)
Repayment of installment loan	(5,604)
Debt issuance related costs	(69,000)
Proceeds from sale of Series 2 Convertible Preferred Stock, net of related costs of $1,519,339 in 2016				20,432,661
Net cash provided by (used in) financing activities	521,294	(773,207)	8,176,792	21,243,806
(DECREASE)/INCREASE IN CASH	(2,912,967)	120,901	(443,580)	2,016,289
CASH, beginning of period	4,968,915	5,412,495	5,412,495	3,396,206
CASH, end of period	2,055,948	5,533,396	4,968,915	5,412,495
Supplemental cash flow information:
Interest paid	$ 1,422,484	$ 416,407	1,649,795	1,459,756
Non-cash financing activities:
Conversion of preferred stock to common stock			18,300	425,660
Warrants issued to placement agent in conjunction with sale of Series 2 Preferred Stock				$ 150,451

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical)	12 Months Ended
	Dec. 31, 2016USD ($)
Statement of Cash Flows [Abstract]
Payments from sale of series 2 convertible preferred stock	$ 1,519,339

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Our interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) applicable to interim financial information. Accordingly, the information presented in our interim financial statements does not include all information and disclosures necessary for a fair presentation of our financial position, results of operations and cash flows in conformity with GAAP for annual financial statements. In the opinion of management, these financial statements reflect all adjustments consisting of normal recurring accruals, necessary for a fair statement of our financial position, results of operations and cash flows for such periods. The results of operations for any interim period are not necessarily indicative of the results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017. The consolidated balance sheet as of December 31, 2017 contained herein has been derived from audited financial statements.

Business

Business	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Business [Abstract]
BUSINESS	2. BUSINESS FlexShopper, Inc. (the “Company”) is a corporation organized under the laws of the State of Delaware on August 16, 2006. The Company owns 100% of FlexShopper, LLC, a limited liability company incorporated under the laws of North Carolina on June 24, 2013. The Company is a holding corporation with no operations except for those conducted by FlexShopper, LLC. FlexShopper, LLC provides through e-commerce sites certain types of durable goods to consumers, including customers of third party retailers and e-tailers, on a lease-to-own basis (“LTO”). In January 2015, in connection with the credit agreement entered into in March 2015 (see Note 6), FlexShopper 1 LLC and FlexShopper 2 LLC were organized as wholly owned Delaware subsidiaries of FlexShopper, LLC to conduct operations. FlexShopper, LLC together with its subsidiaries are hereafter referred to as “FlexShopper.” To date, funds derived from the sale of FlexShopper’s common stock and Series 2 Convertible Preferred Stock and the Company’s ability to borrow funds against the lease portfolio have provided the liquidity and capital resources necessary to fund its operations. The Company’s ability to borrow additional funds under its credit agreement can be terminated in August if the Company does not raise $20 million of equity prior to August 31, 2018 (see Note 6). Additionally, the holder of one of its subordinated promissory notes (as described in Notes 5 and 13) provided the Company with a 30-day written notice for payment of $2.5 million of principal and accrued interest. Repayment has been extended to August 31, 2018. Further, pursuant to the terms of the subordinated promissory notes, repayment is not permitted and remedies are not available, other than default interest, without the consent of the Credit Agreement lender. The Company is currently exploring various financing options to provide additional equity capital as well as both extend and lower the cost of our credit facilities going forward. If the Company is unable to obtain additional equity capital and extend the credit facilities, management believes the Company would be able to maintain a positive cash position by servicing and collecting its existing lease portfolio and paying its obligations as they become due but would be forced to curtail or suspend normal business operations, including its discretionary marketing expenditures.	1. BUSINESS: FlexShopper, Inc. (the “Company”) is a corporation organized under the laws of the State of Delaware on August 16, 2006. The Company owns 100% of FlexShopper, LLC, a limited liability company incorporated under the laws of North Carolina on June 24, 2013. The Company is a holding corporation with no operations except for those conducted by FlexShopper LLC. FlexShopper LLC provides through e-commerce sites, certain types of durable goods to consumers on a lease-to-own basis (“LTO”) including consumers of third party retailers and e-tailers. In January 2015, in connection with the credit agreement entered into in March 2015 (see Note 5), FlexShopper 1 LLC and FlexShopper 2 LLC were organized as wholly owned Delaware subsidiaries of FlexShopper LLC to conduct operations. FlexShopper LLC together with its subsidiaries are hereafter referred to as “FlexShopper.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation - Estimates - Revenue Recognition Accounts Receivable and Allowance for Doubtful Accounts - June 30, December 31, 2017 Accounts receivable $ 9,905,651 $ 6,399,233 Allowance for doubtful accounts (5,800,968 ) (2,139,765 ) Accounts receivable, net $ 4,104,683 $ 4,259,468 The allowance is a significant percentage of the balance because FlexShopper does not charge off any customer account until it has exhausted all collection efforts with respect to each account, including attempts to repossess items. In addition, while collections are pursued, the same delinquent customers continue to accrue weekly charges until they are charged off with such charges being fully reserved for. Accounts receivable balances charged off against the allowance were $3,013,914 and $7,442,190 for the three and six months ended June 30, 2018, respectively, and $7,162,533 and $13,580,054 for the three and six months ended June 30, 2017, respectively. Lease Merchandise - The net leased merchandise balances consisted of the following as of June 30, 2018 and December 31, 2017: June 30, December 31, 2017 Lease merchandise at cost $ 34,655,190 $ 34,501,555 Accumulated depreciation (15,050,985 ) (11,974,953 ) Impairment reserve (1,797,622 ) (1,111,280 ) Lease merchandise, net $ 17,806,583 $ 21,415,322 Lease merchandise at cost represents the undepreciated cost of rental merchandise at the time of sale. Deferred Debt Issuance Costs - Debt issuance costs of $35,000 incurred in conjunction with the subordinated Promissory Notes entered into on January 29, 2018 and January 30, 2018 (see Note 5) are offset against the outstanding balance of the loan payable and are amortized using the straight-line method over the remaining term of the related debt, which approximates the effective interest method. Amortization, which is included in interest expense, was $35,000 for the six months ended June 30, 2018. Intangible Assets - Software Costs - Operating Expenses - Marketing Costs Marketing costs, primarily consisting of advertising, are charged to expense as incurred. Per Share Data - Diluted earnings per share is based on the more dilutive of the if-converted method (which assumes conversion of the participating Series 1 Convertible Preferred Stock as of the beginning of the period) or the two-class method (which assumes that the participating Series 1 Convertible Preferred Stock is not converted) plus the potential impact of dilutive non-participating Series 2 Convertible Preferred Stock, options and 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 during the period. 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. When there is a loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect. In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive: Six Months ended June 30, 2018 2017 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Common Stock Options 426,400 297,900 Common Stock Warrants 377,303 511,553 3,713,241 3,721,211 Stock-Based Compensation - 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 8). Fair Value of Financial Instruments - Income Taxes The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of June 30, 2018, and 2017, the Company had not recorded any unrecognized tax benefits. Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee’s right to use or control the use of a specified asset for the lease term. Lessor guidance is largely unchanged. The Company is currently evaluating the effect that the new guidance will have on its financial statements.	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation - Estimates – Revenue Recognition Accounts Receivable and Allowance for Doubtful Accounts – December 31, December 31, Accounts receivable $ 6,399,233 $ 11,690,495 Allowance for doubtful accounts (2,139,765 ) (9,508,708 ) Accounts receivable, net $ 4,259,468 $ 2,181,787 The allowance is a significant percentage of the balance because FlexShopper does not charge off any customer account until it has exhausted all collection efforts with respect to each account including attempts to repossess items. In addition, while collections are pursued, the same delinquent customers will continue to accrue weekly charges until they are charged off. The allowance for bad debt at January 1, 2016 was $4,727,278. During the years ended December 31, 2017 and 2016, $26,504,150 and $8,499,812 of accounts receivable balances, respectively, were charged off against the allowance. During the years ended December 31, 2017 and 2016, the provision for bad debts was $19,135,207 and $13,281,242, respectively. Lease Merchandise – December 31, December 31, Lease merchandise at cost $ 34,501,555 $ 33,264,810 Accumulated depreciation (11,974,953 ) (11,578,267 ) Impairment reserve (1,111,280 ) (3,116,083 ) Lease merchandise, net $ 21,415,322 $ 18,570,460 Cost of lease merchandise sold represents the undepreciated cost of rental merchandise at the time of sale. Deferred Debt Issuance Costs Software Costs - Operating Expenses – Marketing Per Share Data – Diluted earnings per share is based on the more dilutive of the if-converted method (which assumes conversion of the participating preferred stock as of the beginning of the period) or the two-class method (which assumes that the participating preferred stock is not converted) plus the potential impact of dilutive non-participating Series 2 Convertible Preferred Stock, options and 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 during the period. 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. When there is a loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect. In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive: Year ended 2017 2016 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Options 335,900 411,600 Warrants 511,553 511,553 3,756,991 3,834,911 Stock Based Compensation - 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 7. Fair Value of Financial Instruments – Income Taxes The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of December 31, 2017 and 2016, the Company has not recorded any unrecognized tax benefits. Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively. Recent Accounting Pronouncements – In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee’s right to use or control the use of a specified asset for the lease term. Lessor guidance is largely unchanged. The Company is currently evaluating the effect that the new guidance will have on its financial statements.

Property and Equipment

Property and Equipment	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Property and equipment consist of the following: Estimated Useful Lives June 30, December 31, Furniture, fixtures and vehicle 2-5 years $ 155,165 $ 153,909 Website and internal use software 3 years 6,835,158 5,827,771 Computers and software 3-7 years 704,407 691,499 7,694,730 6,673,179 Less: accumulated depreciation and amortization (4,621,681 ) (3,725,015 ) $ 3,073,049 $ 2,948,164 Depreciation and amortization expense was $461,761 and $393,830 for the three months ended June 30, 2018 and 2017, respectively, and $896,666 and $764,298 for the six months ended June 30, 2018 and 2017, respectively.	3. PROPERTY AND EQUIPMENT: Property and equipment consist of the following: Estimated Useful Lives December 31, 2017 December 31, 2016 Furniture, fixtures and vehicle 2-5 years $ 153,909 $ 98,564 Website and internal use software 3 years 5,827,771 3,933,600 Computers and software 3-7 years 691,499 619,477 6,673,179 4,651,641 Less: accumulated depreciation and amortization (3,725,015 ) (2,111,127 ) $ 2,948,164 $ 2,540,514 Depreciation and amortization expense was $1,613,888 and $1,112,127 for the years ended December 31, 2017 and 2016, respectively.

Loans Payable to Shareholder

Loans Payable to Shareholder	12 Months Ended
	Dec. 31, 2017
Loans Payable to Shareholder/Loan Payable Under Credit Agreement [Abstract]
LOANS PAYABLE TO SHAREHOLDER	4. LOANS PAYABLE TO SHAREHOLDER: On February 11, 2016, the Company entered into a secured Promissory Note with a principal stockholder for $1,000,000 at an interest rate of 15% per annum, payable upon demand, secured by substantially all of the Company’s assets. The Promissory Note was paid in full with interest amounting to $51,250 on June 13, 2016.

Promissory Notes

Promissory Notes	6 Months Ended
	Jun. 30, 2018
Promissory Notes [Abstract]
PROMISSORY NOTES	5. PROMISSORY NOTES On January 29, 2018 and January 30, 2018, the Company entered into letter agreements with Russ Heiser, the Company’s Chief Financial Officer, and NRNS Capital Holdings LLC (“NRNS”), respectively (such letter agreements, together, the “Commitment Letters”), for consideration of a one-time commitment fee of 1% of the lenders’ aggregate commitment, totaling $35,000, pursuant to which the Company issued a subordinated promissory note to each of Mr. Heiser and NRNS (together, the “Notes”). The Commitment Letters provide that Mr. Heiser and NRNS each shall make advances to the Company under the applicable Note in aggregate amounts up to $1,000,000 and $2,500,000, respectively. Payments of principal and accrued interest are due and payable by the Company upon 30 days’ prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty. However, repayment is not permitted without the consent of the Credit Agreement Lender. Upon issuance of the Notes, the Company drew $500,000 and a subsequent $500,000 on February 20, 2018 on the Note held by Mr. Heiser and $2,500,000 on the Note held by NRNS. The Notes bear interest at a rate equal to three (3%) per annum in excess of the non-default rate of interest from time to time in effect under the Credit Agreement entered into on March 6, 2015 (see Note 6) computed on the basis of a 360-day year, which equaled 15.9% at June 30, 2018. Interest expense incurred under the Notes amounted to $47,829 for Mr. Heiser’s Note and $119,574 for NRNS’ Note, totaling $167,403 for the three months ended June 30, 2018, and $73,988 for Mr. Heiser’s Note and $195,931 for NRNS’ Note, totaling $269,919 for the six months ended June 30, 2018. On July 31, 2018, FlexShopper agreed to extend and modify the terms of the “Note” (see Note 11).

Loan Payable Under Credit Agree

Loan Payable Under Credit Agreement	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Loans Payable to Shareholder/Loan Payable Under Credit Agreement [Abstract]
LOAN PAYABLE UNDER CREDIT AGREEMENT	6. LOAN PAYABLE UNDER CREDIT AGREEMENT On March 6, 2015, FlexShopper entered into a credit agreement (as amended from time-to-time and including the Fee Letter (as defined therein), the “Credit Agreement”) with Wells Fargo Bank, National Association as paying agent, various lenders from time to time party thereto and WE 2014-1, LLC as administrative agent and lender (the “Lender”). FlexShopper is permitted to borrow funds under the Credit Agreement based on FlexShopper’s cash on hand and the Amortized Order Value of its Eligible Leases (as such terms are defined in the Credit Agreement) less certain deductions described in the Credit Agreement. Under the terms of the Credit Agreement, subject to the satisfaction of certain conditions, FlexShopper may borrow up to $25,000,000 from the Lender for a term of two years from the date of the Credit Agreement (which term has since been extended, as described below). The Lender receives security interests in certain leases as collateral under the Credit Agreement. The Credit Agreement provides that FlexShopper may not incur additional indebtedness (other than expressly permitted indebtedness) without the permission of the Lender and also prohibits dividends on common stock. The Credit Agreement includes customary events of default, including, among others, failures to make payment of principal and interest, breaches or defaults under the terms of the Credit Agreement and related agreements entered into with the Lender, breaches of representations, warranties or certifications made by or on behalf of FlexShopper in the Credit Agreement and related documents (including certain financial and expense covenants), deficiencies in the borrowing base, certain judgments against FlexShopper and bankruptcy events. On January 27, 2017, FlexShopper entered into a fifth amendment to the Credit Agreement (the “Omnibus Amendment”). The Omnibus Amendment amended the Credit Agreement to, among other things, (1) extend the date after which the Company may no longer borrow additional funds (the “Commitment Termination Date”) from May 6, 2017 to April 1, 2018 (with a one-time right of extension by the Lender up to August 31, 2018 that was exercised by the Lender on January 9, 2018), (2) require the Company to refinance the debt under the Credit Agreement upon a Permitted Change of Control (as defined in the Credit Agreement), subject to the payment of an early termination fee, (3) reduce the interest rate charged on amounts borrowed to be LIBOR plus 14% per annum and reduce the non-usage fee on undrawn amounts if the facility is less than 75% drawn on average, and (4) modify certain permitted debt and financial covenants. These modified covenants consist of a reduction of Equity Book Value to be not less than the sum of $6 million and 20% of any additional equity capital invested into the Company after December 31, 2016; maintaining at least $1.5 million in Unrestricted Cash; and the ratio of Consolidated Total Debt to Equity Book Value not exceeding 4.75:1. The date upon which we must repay all remaining amounts owing under the Credit Agreement (the “Commitment Maturity Date”) is one year after the Commitment Termination Date. On April 3, 2018, FlexShopper entered into a sixth amendment to the Credit Agreement (the “Sixth Amendment”). The Sixth Amendment amended the Credit Agreement to increase advance rates, thus providing additional borrowing capacity under the Credit Agreement. The Sixth Amendment also provided for 175,000 warrants with an exercise price of $0.01 to be issued to the Lender, which warrants were exercised by the Lender on May 23, 2018. The warrants were accounted for at fair value based on the date of issuance. The portion of the proceeds allocated to the warrants was accounted for as paid-in capital with a corresponding discount to the loan payable which was amortized over the remaining life of the agreement. Principal payable within twelve months of the balance sheet date based on the outstanding loan balance at such date is reflected as a current liability in the accompanying balance sheets. Interest expense incurred under the Credit Agreement amounted to $716,272 and $1,414,224 for the three and six months ended June 30, 2018, respectively, and $432,899 and $870,486 for the three and six months ended June 30, 2017, respectively. As of June 30, 2018, the outstanding balance under the Credit Agreement was $16,201,472. Such amount is presented in the consolidated balance sheet net of unamortized issuance costs of $490,065. The Company repaid $565,852 in the second quarter of 2018. Interest is payable monthly on the outstanding balance of the amounts borrowed. On July 31, 2018, FlexShopper entered into a seventh amendment to the Credit Agreement (see Note 11).	5. LOAN PAYABLE UNDER CREDIT AGREEMENT On March 6, 2015, FlexShopper entered into a credit agreement (as amended from time to time, and including the Fee Letter (as defined therein), the “Credit Agreement”) with Wells Fargo Bank, National Association as paying agent, various lenders from time to time party thereto and WE 2014-1, LLC as administrative agent and lender (the “Lender”). FlexShopper is permitted to borrow funds under the Credit Agreement based on FlexShopper’s cash on hand and the Amortized Order Value of its Eligible Leases (as such terms are defined in the Credit Agreement) less certain deductions described in the Credit Agreement. Under the terms of the Credit Agreement, subject to the satisfaction of certain conditions, FlexShopper may borrow up to $25,000,000 from the Lender for a term of two years from the date of the Credit Agreement (which term has since been extended, as described below). The Credit Agreement provides that FlexShopper may not incur additional indebtedness (other than expressly permitted indebtedness) without the permission of the Lender and also prohibits dividends on common stock. The Credit Agreement includes customary events of default, including, among others, failures to make payment of principal and interest, breaches or defaults under the terms of the Credit Agreement and related agreements entered into with the Lender, breaches of representations, warranties or certifications made by or on behalf of FlexShopper in the Credit Agreement and related documents (including certain financial and expense covenants), deficiencies in the borrowing base, certain judgments against FlexShopper and bankruptcy events. On January 27, 2017, FlexShopper entered into a fifth amendment to the Credit Agreement (the “Omnibus Amendment”). The Omnibus Amendment amended the Credit Agreement to, among other things, (1) extend the Commitment Termination Date from May 6, 2017 to April 1, 2018 (with a one-time right of extension by the lenders up to August 31, 2018), (2) require the Company to refinance the debt under the Credit Agreement upon a Permitted Change of Control (as defined in the Credit Agreement), subject to the payment of an early termination fee, (3) reduce the interest rate charged on amounts borrowed to be LIBOR plus 14% per annum and reduce the non-usage fee on undrawn amounts if the facility is less than 75% drawn on average, and (4) modify certain permitted debt and financial covenants. Principal payable within twelve months of the balance sheet date based on the outstanding loan balance at such date is reflected as a current liability in the accompanying balance sheets. Interest expense incurred under the Credit Agreement for the years ended December 31, 2017 and 2016 was $1,694,096 and $1,422,630, respectively. As of December 31, 2017, the outstanding balance under the Credit Agreement was $18,950,000. The Company repaid $788,208 in the second quarter of 2017 as a result of a pay down of the seasonal over advance from 2016. The Company repaid $1,500,000 in the third quarter of 2017 as a result of lower quarter over quarter lease origination, and $4,172,174 in 2016, resulting primarily from the repayment of the Bridge Loan Amount upon the Equity Raise. Interest is payable monthly on the outstanding balance of the amounts borrowed. See Note 11 for subsequent events related to the Credit Agreement.

Capital Structure

Capital Structure	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Capital Structure [Abstract]
CAPITAL STRUCTURE	7. CAPITAL STRUCTURE The Company’s capital structure consists of preferred and common stock as described below: The Company is authorized to issue 250,000 shares of $0.001 par value Series 1 Convertible Preferred Stock and 25,000 shares of $0.001 par value Series 2 Convertible Preferred Stock. The Company’s Board of Directors determines the rights and preferences of the Company’s preferred stock. Series 1 Convertible Preferred Stock - As of June 30, 2018, each share of Series 1 Convertible Preferred Stock was convertible into 0.60649 shares of the Company’s common stock, subject to certain anti-dilution rights. The holders of the Series 1 Convertible Preferred Stock have the option to convert the shares to common stock at any time. Upon conversion, all accumulated and unpaid dividends, if any, will be paid as additional shares of common stock. 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. During the year ended December 31, 2017, 3,660 shares of Series 1 Convertible Preferred Stock were converted into 2,220 shares of common stock. As of June 30, 2018, there were 239,405 shares of Series 1 Convertible Preferred Stock outstanding, which are convertible into 145,197 shares of common stock. Series 2 Convertible Preferred Stock - Pursuant to the authority expressly granted to the Board of Directors by the provisions of the Company’s Certificate of Incorporation, the Board of Directors of the Company created and designated 25,000 shares of Series 2 Convertible Preferred Stock, par value $0.001 per share (“Series 2 Preferred Shares”), by filing a Certificate of Designations with the Delaware Secretary of State (the “Series 2 Certificate of Designations”). The Series 2 Preferred Shares were sold for $1,000 per share (the “Stated Value”) and accrue dividends on the Stated Value at an annual rate of 10% compounded annually. Cumulative accrued dividends as of June 30, 2018 total approximately $4,736,865. Each Series 2 Preferred Share is convertible at a conversion price of $8.10 into approximately 124 shares of common stock; provided, the conversion price is subject to reduction pursuant to a weighted average anti-dilution provision contained in the Series 2 Certificate of Designations. The holders of the Series 2 Preferred Shares have the option to convert such shares into shares of common stock and have the right to vote with holders of common stock on an as-converted basis. If, during the two year period commencing on the date of issuance, the average closing price during any 45 consecutive trading day period equals or exceeds $17.50 per common share, or a change of control transaction (as defined in the Series 2 Certificate of Designations) values the Company’s common stock at $17.50 per share or greater; or after this two year period the average closing price during any 45 day consecutive trading day period or change of control transaction values the common stock at a price equal to or greater than $23.00 per share, then conversion shall be automatic. Upon a Liquidation Event or Deemed Liquidation Event (each as defined in the Series 2 Certificate of Designations), holders of Series 2 Preferred Shares shall be entitled to receive out of the assets of the Company prior to and in preference to the common stock and Series 1 Convertible Preferred Stock an amount equal to the greater of (1) the Stated Value, plus any accrued and unpaid dividends thereon, and (2) the amount per share as would have been payable had all Series 2 Preferred Shares been converted to common stock immediately before the Liquidation Event or Deemed Liquidation Event. Common Stock - In connection with entering into the Credit Agreement on March 6, 2015, the Company raised approximately $8.6 million in net proceeds through direct sales of 1.7 million shares of its common stock to certain affiliates of the Lender and other accredited investors for a purchase price of $5.50 per share. As a result of the sale to certain affiliates, the Lender is considered a beneficial shareholder of the Company. Warrants -	6. CAPITAL STRUCTURE: The Company’s capital structure consists of preferred and common stock as described below: The Company was authorized to issue 10,000,000 shares of $0.001 par value preferred stock. On May 10, 2017, the Company’s stockholders approved an amendment to its Certificate of Incorporation to reduce the number of authorized shares of preferred stock to 500,000 shares. The Company’s Board of Directors determines the rights and preferences of the Company’s preferred stock. Series 1 Convertible Preferred Stock – As of December 31, 2017, each share of Series 1 Convertible Preferred Stock was convertible into 0.60649 shares of the Company’s common stock, subject to certain anti-dilution rights. The holders of the Series 1 Convertible Preferred Stock have the option to convert the shares to common stock at any time. Upon conversion, all accumulated and unpaid dividends, if any, will be paid as additional shares of common stock. 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. During the year ended December 31, 2016, 85,132 shares of Series 1 Convertible Preferred Stock were converted into 51,983 shares of common stock. During the year ended December 31, 2017, 3,660 shares of Series 1 Convertible Preferred Stock were converted into 2,220 shares of common stock. As of December 31, 2017, there were 239,405 shares of Series 1 Convertible Preferred Stock outstanding, which are convertible into 145,197 shares of common stock. Series 2 Convertible Preferred Stock – Pursuant to the authority expressly granted to the Board of Directors by the provisions of the Company’s Certificate of Incorporation, the Board of Directors of the Company created and designated 25,000 shares of Series 2 Convertible Preferred Stock, par value $.001 per share (“Series 2 Preferred Shares”), by filing a Certificate of Designations with the Delaware Secretary of State (the “Series 2 Certificate of Designations”). The Series 2 Preferred Shares were sold for $1,000 per share (the “Stated Value”) and accrue dividends on the Stated Value at an annual rate of 10% compounded annually. Cumulative dividends in arrears totaled $3,528,361 at December 31, 2017. Each Series 2 Preferred Share is convertible at a conversion price of $8.10 into approximately 124 shares of common stock; provided, the conversion price is subject to reduction pursuant to a weighted average anti-dilution provision contained in the Series 2 Certificate of Designations. The holders of the Series 2 Preferred Shares have the option to convert such shares into shares of common stock and have the right to vote with holders of common stock on an as-converted basis. If, during the two year period commencing on the date of issuance, the average closing price during any 45 consecutive trading day period equals or exceeds $17.50 per common share, or a change of control transaction (as defined in the Series 2 Certificate of Designations) values the Company’s common stock at $17.50 per share or greater; or after this two year period the average closing price during any 45 day consecutive trading day period or change of control transaction values the common stock at a price equal to or greater than $23.00 per share, then conversion shall be automatic. Upon a Liquidation Event or Deemed Liquidation Event (each as defined in the Series 2 Certificate of Designations), holders of Series 2 Preferred Shares shall be entitled to receive out of the assets of the Company prior to and in preference to the common stock and Series 1 Convertible Preferred Stock an amount equal to the greater of (1) the Stated Value, plus any accrued and unpaid dividends thereon, and (2) the amount per share as would have been payable had all Series 2 Preferred Shares been converted to common stock immediately before the Liquidation Event or Deemed Liquidation Event. Common Stock – In connection with entering into the Credit Agreement on March 6, 2015, the Company raised approximately $8.6 million in net proceeds through direct sales of 1.7 million shares of its common stock to certain affiliates of the Lender and other accredited investors for a purchase price of $5.50 per share. As a result of the sale to certain affiliates, the Lender is considered a beneficial shareholder of the Company. On March 17, 2016, the Company’s stockholders, acting by written consent, approved an amendment to the Certificate of Incorporation to effect a reverse stock split of the Company’s common stock. On October 14, 2016, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to its certificate of incorporation, which Certificate of Amendment effectuated as of October 24, 2016 the Reverse Split by a ratio of one-for-10. All share and per share data in these financial statements and footnotes have been retrospectively adjusted to account for the Reverse Split.

Stock Options

Stock Options	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Stock Options [Abstract]
STOCK OPTIONS	8. STOCK OPTIONS On April 26, 2018 at the Company’s annual meeting, the Company’s stockholders approved the FlexShopper, Inc. 2018 Omnibus Equity Compensation Plan (the “2018 Plan”). Upon the 2018 Plan’s approval, approximately 1,057,000 shares of Company common stock were available for issuance, consisting of 750,000 shares authorized for issuance under the 2018 Plan and an aggregate 307,000 shares then remaining available for issuance under the Company’s 2007 Omnibus Equity Compensation Plan (the “2007 Plan”) and 2015 Omnibus Equity Compensation Plan (the “2015 Plan, and together with the 2007 Plan, the “Prior Plans”). The 2018 Plan replaced the Prior Plans. No new awards will be granted under the Prior Plans; however, awards outstanding under the Prior Plans upon approval of the 2018 Plan remain subject to and will be paid under the applicable Prior Plan. Grants under the 2018 Plan and the Prior Plans consist of incentive stock options, non-qualified stock options, stock appreciation rights, stock awards, stock unit awards, dividend equivalents and other stock-based awards. Employees, directors and consultants and other service providers are eligible to participate in the 2018 Plan and the Prior Plans. Options granted under the 2018 Plan and the Prior Plans vest over periods ranging from immediately upon grant to a three-year period and expire ten years from date of grant. Activity in stock options for the six months ended June 30, 2018 follows: Number of options Weighted average exercise Weighted average contractual term (years) Aggregate intrinsic Outstanding at January 1, 2018 335,900 $ 5.61 Granted 109,500 3.12 Canceled/Forfeited (19,000 ) 4.61 Outstanding at June 30, 2018 426,400 $ 5.02 7.36 $ 59,192 Vested and exercisable at June 30, 2018 275,034 $ 5.86 6.25 $ 37,302 Vested and exercisable at June 30, 2018 and expected to vest thereafter 426,400 $ 5.02 7.36 $ 59,193 The weighted average grant date fair value of options granted during the six month period ending June 30, 2018 was $1.26 per share. The Company measured the fair value of each option award on the date of grant using the Black-Scholes-Merton (BSM) pricing model with the following assumptions: Exercise price $ 2.95 to $ 4.35 Expected life 6 years Expected volatility 38 % Dividend yield 0 % Risk-free interest rate 2.27% to 2.88 % The expected dividend yield is based on the Company’s historical dividend yield. The expected volatility was based on the average of historical volatilities for a period comparable to the expected life of the options of certain entities considered to be similar to the Company. The expected life is based on the simplified expected term calculation permitted by the Securities and Exchange Commission (the “SEC”), which defines the expected life as the average of the contractual term of the options and the weighted-average vesting period for all option tranches. The risk-free interest rate is based on the annual yield on the grant date of a zero-coupon U.S. Treasury bond the maturity of which equals the option’s expected life.	7. STOCK OPTIONS On January 31, 2007, the Board of Directors adopted our 2007 Omnibus Equity Compensation Plan (the “2007 Plan”), with 210,000 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 420,000 shares. On March 26, 2015, the Board adopted our 2015 Omnibus Equity Compensation Plan (the “2015 Plan”), with 400,000 common shares authorized for issuance under the 2015 Plan, which was ratified by the Company’s stockholders on September 15, 2015. The 2007 Plan and 2015 Plan are collectively referred to as the “Plans.” Grants under the Plans may consist of incentive stock options, non-qualified stock options, stock appreciation rights, stock awards, stock unit awards, dividend equivalents and other stock based awards. Employees, directors and consultants and other service providers are eligible to participate in the Plans. Options granted under the Plans vest over periods ranging from immediately upon grant to a three year period and expire ten years from date of grant. Employees, directors and consultants and other service providers are eligible to participate in the Plan. Options granted under the plan vest over periods ranging from immediately upon grant to a three year period and expire ten years from date of grant. Activity in stock options for the year ended December 31, 2017 follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2016 406,700 $ 8.50 Granted 70,700 5.70 Forfeited (40,800 ) 6.70 Exercised (25,000 ) 1.70 Outstanding at December 31, 2016 411,600 8.63 Granted 106,000 4.24 Forfeited (16,700 ) 6.01 Expired (160,000 ) 12.50 Exercised (5,000 ) 3.00 Outstanding at December 31, 2017 335,900 $ 5.61 7.19 $ 52,500 Vested and exercisable at December 31, 2017 212,500 $ 6.27 6.01 $ 52,500 Vested and exercisable at December 31, 2017 and expected to vest thereafter 331,600 $ 5.61 7.19 $ 52.500 The weighted average grant date fair value of options granted during 2016 and 2017 was $2.03 and $1.65 per share respectively. 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: 2016 2017 Exercise price $ 4.90 to $6.60 $ 4.02 to$ 5.25 Expected life 5.5 years 5.8 years Expected volatility 38 % 38 % Dividend yield 0 % 0 % Risk-free interest rate 1.13% to 1.73 % 1.89% to 2.06 % The expected dividend yield is based on the Company’s historical dividend yield. The expected volatility was based on the average of historical volatilities for a period comparable to the expected life of the options of certain entities considered to be similar to the Company. The expected life is based on the simplified expected term calculation permitted by the SEC which defines the expected life as the average of the contractual term of the options and the weighted-average vesting period for all option tranches. The risk-free interest rate is based on the annual yield on the grant date of a zero-coupon U.S. Treasury bond the maturity of which equals the option’s expected life. The value of stock options is recognized as compensation expense by the straight line method over the vesting period. Compensation expense recorded for options in the statements of operations was $113,952 and $136,308 for the years ended December 31, 2017 and 2016, respectively. Unrecognized compensation cost related to non-vested options at December 31, 2017 amounted to $128,781 which is expected to be recognized over a weighted average period of 2.12 years.

Warrants

Warrants	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Warrants [Abstract]
WARRANTS	9. WARRANTS The following table summarizes information about outstanding stock warrants as of June 30, 2018, all of which are exercisable: Series 2 Preferred Weighted Average Exercise Common Stock Warrants Stock Warrants Remaining Price Outstanding Outstanding Contractual Life $ 10.00 200,000 1 years $ 5.50 177,303 3 years $ 1,250 - 439 5 years 377,303 439 On April 3, 2018, FlexShopper entered into the Sixth Amendment to the Credit Agreement. The Sixth Amendment provided for 175,000 warrants with an exercise price of $0.01 to be issued to the Lender. On May 23, 2018, the Lender exercised the stock warrants.	8. WARRANTS: On June 24, 2016, the Company granted warrants to one of the Company’s placement agents to purchase 439 shares of the Company’s Series 2 Convertible Preferred Stock at an initial exercise price of $1,250 per share. The exercise price and aggregate number of shares are subject to adjustment as set forth in the agreement. The following information was input into the Black Scholes pricing model to compute a fair value of $342.71 for each warrant for a total fair value of $150,451. Exercise price $ 1,250 Expected life 7 years Expected volatility 38 % Dividend yield 0 % Risk-free interest rate 1.35 % The following table summarizes information about outstanding stock warrants as of December 31, 2017, all of which are exercisable: Exercise Common Stock Warrants Series 2 Preferred Stock Warrants Weighted Average Remaining Price Outstanding Outstanding Contractual Life $ 11.00 134,250 1 years $ 10.00 200,000 3 years $ 5.50 177,303 4 years $ 1,250 - 439 6 years 511,553 439

Income Taxes

Income Taxes	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Income Taxes [Abstract]
INCOME TAXES	10. INCOME TAXES As of December 31, 2017, the Company has federal net operating loss carryforwards of approximately $30,008,000 and state net operating loss carryforwards of approximately $16,011,000 available to offset future taxable income which expire from 2024 to 2037. Management believes that the federal and state deferred tax asset as of December 31, 2017 does not satisfy the realization criteria and has recorded a full valuation allowance to offset the tax asset.	9. INCOME TAXES: Reconciliation of the benefit for income taxes from continuing operations recorded in the consolidated statements of operations with the amounts computed at the statutory federal tax rates for each year: 2017 2016 Federal tax benefit at statutory rate $ (2,830,000 ) $ (4,167,000 ) State tax benefit, net of federal tax (142,000 ) (293,000 ) Permanent differences 39,000 43,000 Change in statutory rate 86,000 216,000 Change in valuation allowance (1,934,000 ) 4,075,000 Change in federal tax rate 4,747,000 - Other 34,000 126,000 Benefit for income taxes $ - $ - Tax affected components of deferred tax assets and deferred tax liabilities at December 31, 2017 and 2016 were as follows: 2017 2016 Deferred tax assets: Equity based compensation $ 170,000 $ 254,000 Allowance for doubtful accounts 493,000 3,462,000 Lease merchandise 779,000 813,000 Fixed assets 4,000 11,000 Lease Impairment 256,000 1,135,000 Deferred rent 2,000 - Accrued expenses 45,000 - Federal loss carry-forwards 6,302,000 4,668,000 State loss carry forward 696,000 338,000 Gross deferred tax assets 8,747,000 10,681,000 Valuation allowance (8,747,000 ) (10,681,000 ) Net deferred tax assets $ - $ - Based on consideration of the available evidence including historical losses a valuation allowance has been recognized to offset deferred tax assets, as management was unable to conclude that realization of deferred tax assets were more likely than not. As of December 31, 2017, the Company has federal net operating loss carryforwards of approximately $30,008,000 and state net operating loss carryforwards of approximately $16,011,000 available to offset future taxable income which expire from 2014 to 2037. Section 382 of the Internal Revenue Code imposes a limitation on a corporation’s ability to utilize net operating loss carryforwards (“NOLs”) if it experiences an “ownership change.” In general, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three-year period. The Company has performed a formal Section 382 study and determined an ownership change has occurred. The Company files tax returns in the U.S. federal jurisdiction and various states. At December 31, 2017, federal tax returns remained open for Internal Revenue Service review for tax years after 2013, while state tax returns remain open for review by state taxing authorities for tax years after 2013. There were no federal or state income tax audits being conducted as of December 31, 2017. Under the 2017 tax reform bill signed into law on December 22, 2017, corporations will be taxed at a flat rate of 21%. The 21% rate will be applied for tax years beginning January 1, 2018. For tax years prior to 2018, a tiered tax bracket structure was used with tax rates ranging from 15% to 35% depending on the amount of corporate income subject to tax for the year. Deferred tax assets and deferred tax liabilities were revalued using enacted tax rate(s) expected to apply to taxable income in the period in which the deferred tax asset/liability is expected to be settled or realized. The effects of the change in tax rates on deferred tax balances were recognized through continuing operations in the period in which the new legislation was enacted. As the law was enacted on December 22, 2017, the impact to the net deferred tax assets due to the change in tax rate was recognized in the financial statements period ending December 31, 2017. Consequently, we have recorded a decrease related to the deferred income tax assets and the valuation allowance of $4,747,000 for the year ended December 31, 2017 to reflect these changes. The Company completed its analysis and review of all tax positions taken through December 31, 2017 and does not believe that there are any unrecognized tax benefits related to tax positions taken on its income tax returns.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2017
Commitments [Abstract]
COMMITMENTS	10. COMMITMENTS: Lease Commitments FlexShopper entered into a lease, as amended, for office space through June 2019. On March 14, 2017, FlexShopper amended the lease agreement for an additional suite in an adjoining building. On September 1, 2015, FlexShopper entered into a 48 month lease for additional office space in Fort Lauderdale, Florida to accommodate its call and customer service center. On August 25, 2017, FlexShopper entered into a 12 month lease with two additional three year options for retail store space in West Palm Beach, Florida. The rental expense for the years ended December 31, 2017 and 2016 was approximately $331,900 and $274,300, respectively. At December 31, 2017, the future minimum annual lease payments are approximately as follows: 2018 $ 256,385 2019 144,201 $ 400,586

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Subsequent Event [Abstract]
SUBSEQUENT EVENT	11. SUBSEQUENT EVENTS Amendment to Credit Agreement On July 31, 2018, FlexShopper, through a wholly-owned indirect subsidiary, entered into Amendment No. 7 (the “Amendment”) to the Credit Agreement. The Amendment amended the Credit Agreement provides that, among other things, if the Company raises at least $20 million in equity funding (the “Equity Raise”) on or before August 31, 2018, the Commitment Termination Date (as defined in the Credit Agreement) will be extended to February 28, 2021; provided, however, if the Equity Raise is not completed on or before August 31, 2018, the Commitment Termination Date will be a date determined by the Administrative Agent in its sole discretion, but in no event earlier than August 31, 2018 or later than February 28, 2021. In addition, upon completion of the Equity Raise, the interest rate charged will be reduced to LIBOR plus eleven percent (11%) per annum. The Commitment Maturity Date (as defined in the Credit Agreement) is one year after the Commitment Termination Date. Modification to Promissory Note On July 5, 2018, FlexShopper, pursuant to the terms of the Promissory Note, received a 30-day written notice for payment of principal and interest from NRNS Capital Holdings LLC (“NRNS”). On July 31, 2018, NRNS rescinded notice and extended the payment in full of all principal and interest under NRNS’ Note (as described in Note 5) until on or before August 31, 2018 (or any later date agreed to by NRNS). In consideration of the extension, FlexShopper agreed that from July 31, 2018 until August 31, 2018, the unpaid principal balance of the Note will bear interest at a rate equal to five percent (5.00%) per annum in excess of the non-default rate of interest from time to time in effect under the Senior Credit Agreement (as defined in the Note). Pursuant to the terms of the subordinated promissory notes, repayment is not permitted and remedies are not available, other than default interest, without the consent of the Credit Agreement lender.	11. SUBSEQUENT EVENT: On January 9, 2018, the Credit Agreement was modified to extend the Commitment Termination Date from April 1, 2018 to August 31, 2018. (See Note 5) On January 29, 2018 and January 30, 2018, the Company entered into letter agreements with Russ Heiser, the Company’s Chief Financial Officer, and NRNS Capital Holdings LLC (“NRNS”), respectively (such letter agreements, together, the “Commitment Letters”), pursuant to which the Company issued a subordinated promissory note to each of Mr. Heiser and NRNS (together, the “Notes”). The Commitment Letters provide that Mr. Heiser and NRNS each shall make advances to the Company under the applicable Note in aggregate amounts up to $1,000,000 and $2,500,000, respectively. Such amounts may be drawn by the Company until July 31, 2018 in one or more advances. Upon issuance of the Notes, the Company drew $500,000 on the Note held by Mr. Heiser and $2,500,000 on the Note held by NRNS. Payments of principal and accrued interest are due and payable by the Company upon 30 days’ prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation -	Principles of Consolidation -
Estimates	Estimates -	Estimates –
Revenue Recognition	Revenue Recognition	Revenue Recognition
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts - June 30, December 31, 2017 Accounts receivable $ 9,905,651 $ 6,399,233 Allowance for doubtful accounts (5,800,968 ) (2,139,765 ) Accounts receivable, net $ 4,104,683 $ 4,259,468 The allowance is a significant percentage of the balance because FlexShopper does not charge off any customer account until it has exhausted all collection efforts with respect to each account, including attempts to repossess items. In addition, while collections are pursued, the same delinquent customers continue to accrue weekly charges until they are charged off with such charges being fully reserved for. Accounts receivable balances charged off against the allowance were $3,013,914 and $7,442,190 for the three and six months ended June 30, 2018, respectively, and $7,162,533 and $13,580,054 for the three and six months ended June 30, 2017, respectively.	Accounts Receivable and Allowance for Doubtful Accounts – December 31, December 31, Accounts receivable $ 6,399,233 $ 11,690,495 Allowance for doubtful accounts (2,139,765 ) (9,508,708 ) Accounts receivable, net $ 4,259,468 $ 2,181,787 The allowance is a significant percentage of the balance because FlexShopper does not charge off any customer account until it has exhausted all collection efforts with respect to each account including attempts to repossess items. In addition, while collections are pursued, the same delinquent customers will continue to accrue weekly charges until they are charged off. The allowance for bad debt at January 1, 2016 was $4,727,278. During the years ended December 31, 2017 and 2016, $26,504,150 and $8,499,812 of accounts receivable balances, respectively, were charged off against the allowance. During the years ended December 31, 2017 and 2016, the provision for bad debts was $19,135,207 and $13,281,242, respectively.
Lease Merchandise	Lease Merchandise - The net leased merchandise balances consisted of the following as of June 30, 2018 and December 31, 2017: June 30, December 31, 2017 Lease merchandise at cost $ 34,655,190 $ 34,501,555 Accumulated depreciation (15,050,985 ) (11,974,953 ) Impairment reserve (1,797,622 ) (1,111,280 ) Lease merchandise, net $ 17,806,583 $ 21,415,322 Lease merchandise at cost represents the undepreciated cost of rental merchandise at the time of sale.	Lease Merchandise – December 31, December 31, Lease merchandise at cost $ 34,501,555 $ 33,264,810 Accumulated depreciation (11,974,953 ) (11,578,267 ) Impairment reserve (1,111,280 ) (3,116,083 ) Lease merchandise, net $ 21,415,322 $ 18,570,460 Cost of lease merchandise sold represents the undepreciated cost of rental merchandise at the time of sale.
Deferred Debt Issuance Costs	Deferred Debt Issuance Costs - Debt issuance costs of $35,000 incurred in conjunction with the subordinated Promissory Notes entered into on January 29, 2018 and January 30, 2018 (see Note 5) are offset against the outstanding balance of the loan payable and are amortized using the straight-line method over the remaining term of the related debt, which approximates the effective interest method. Amortization, which is included in interest expense, was $35,000 for the six months ended June 30, 2018.	Deferred Debt Issuance Costs
Intangible Assets	Intangible Assets -
Software Costs	Software Costs -	Software Costs -
Operating Expenses	Operating Expenses -	Operating Expenses –
Marketing Costs	Marketing Costs Marketing costs, primarily consisting of advertising, are charged to expense as incurred.	Marketing
Per Share Data	Per Share Data - Diluted earnings per share is based on the more dilutive of the if-converted method (which assumes conversion of the participating Series 1 Convertible Preferred Stock as of the beginning of the period) or the two-class method (which assumes that the participating Series 1 Convertible Preferred Stock is not converted) plus the potential impact of dilutive non-participating Series 2 Convertible Preferred Stock, options and 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 during the period. 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. When there is a loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect. In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive: Six Months ended June 30, 2018 2017 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Common Stock Options 426,400 297,900 Common Stock Warrants 377,303 511,553 3,713,241 3,721,211	Per Share Data – Diluted earnings per share is based on the more dilutive of the if-converted method (which assumes conversion of the participating preferred stock as of the beginning of the period) or the two-class method (which assumes that the participating preferred stock is not converted) plus the potential impact of dilutive non-participating Series 2 Convertible Preferred Stock, options and 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 during the period. 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. When there is a loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect. In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive: Year ended 2017 2016 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Options 335,900 411,600 Warrants 511,553 511,553 3,756,991 3,834,911
Stock-Based Compensation	Stock-Based Compensation - 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 8).	Stock Based Compensation - 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 7.
Fair Value of Financial Instruments	Fair Value of Financial Instruments -	Fair Value of Financial Instruments –
Income Taxes	Income Taxes The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of June 30, 2018, and 2017, the Company had not recorded any unrecognized tax benefits. Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively.	Income Taxes The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of December 31, 2017 and 2016, the Company has not recorded any unrecognized tax benefits. Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee’s right to use or control the use of a specified asset for the lease term. Lessor guidance is largely unchanged. The Company is currently evaluating the effect that the new guidance will have on its financial statements.	Recent Accounting Pronouncements – In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee’s right to use or control the use of a specified asset for the lease term. Lessor guidance is largely unchanged. The Company is currently evaluating the effect that the new guidance will have on its financial statements.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Schedule of accounts receivable	June 30, December 31, 2017 Accounts receivable $ 9,905,651 $ 6,399,233 Allowance for doubtful accounts (5,800,968 ) (2,139,765 ) Accounts receivable, net $ 4,104,683 $ 4,259,468	December 31, December 31, Accounts receivable $ 6,399,233 $ 11,690,495 Allowance for doubtful accounts (2,139,765 ) (9,508,708 ) Accounts receivable, net $ 4,259,468 $ 2,181,787
Schedule of net leased merchandise	June 30, December 31, 2017 Lease merchandise at cost $ 34,655,190 $ 34,501,555 Accumulated depreciation (15,050,985 ) (11,974,953 ) Impairment reserve (1,797,622 ) (1,111,280 ) Lease merchandise, net $ 17,806,583 $ 21,415,322	December 31, December 31, Lease merchandise at cost $ 34,501,555 $ 33,264,810 Accumulated depreciation (11,974,953 ) (11,578,267 ) Impairment reserve (1,111,280 ) (3,116,083 ) Lease merchandise, net $ 21,415,322 $ 18,570,460
Schedule of anti-dilutive securities excluded from computation of earnings per share	Six Months ended June 30, 2018 2017 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Common Stock Options 426,400 297,900 Common Stock Warrants 377,303 511,553 3,713,241 3,721,211	Year ended 2017 2016 Series 1 Convertible Preferred Stock 145,197 147,417 Series 2 Convertible Preferred Stock 2,710,124 2,710,124 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 54,217 54,217 Options 335,900 411,600 Warrants 511,553 511,553 3,756,991 3,834,911

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Property and Equipment [Abstract]
Schedule of property and equipment	Estimated Useful Lives June 30, December 31, Furniture, fixtures and vehicle 2-5 years $ 155,165 $ 153,909 Website and internal use software 3 years 6,835,158 5,827,771 Computers and software 3-7 years 704,407 691,499 7,694,730 6,673,179 Less: accumulated depreciation and amortization (4,621,681 ) (3,725,015 ) $ 3,073,049 $ 2,948,164	Estimated Useful Lives December 31, 2017 December 31, 2016 Furniture, fixtures and vehicle 2-5 years $ 153,909 $ 98,564 Website and internal use software 3 years 5,827,771 3,933,600 Computers and software 3-7 years 691,499 619,477 6,673,179 4,651,641 Less: accumulated depreciation and amortization (3,725,015 ) (2,111,127 ) $ 2,948,164 $ 2,540,514

Stock Options (Tables)

Stock Options (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Stock Options [Abstract]
Schedule of information about stock options	Number of options Weighted average exercise Weighted average contractual term (years) Aggregate intrinsic Outstanding at January 1, 2018 335,900 $ 5.61 Granted 109,500 3.12 Canceled/Forfeited (19,000 ) 4.61 Outstanding at June 30, 2018 426,400 $ 5.02 7.36 $ 59,192 Vested and exercisable at June 30, 2018 275,034 $ 5.86 6.25 $ 37,302 Vested and exercisable at June 30, 2018 and expected to vest thereafter 426,400 $ 5.02 7.36 $ 59,193	Number of Weighted Weighted Aggregate Outstanding at January 1, 2016 406,700 $ 8.50 Granted 70,700 5.70 Forfeited (40,800 ) 6.70 Exercised (25,000 ) 1.70 Outstanding at December 31, 2016 411,600 8.63 Granted 106,000 4.24 Forfeited (16,700 ) 6.01 Expired (160,000 ) 12.50 Exercised (5,000 ) 3.00 Outstanding at December 31, 2017 335,900 $ 5.61 7.19 $ 52,500 Vested and exercisable at December 31, 2017 212,500 $ 6.27 6.01 $ 52,500 Vested and exercisable at December 31, 2017 and expected to vest thereafter 331,600 $ 5.61 7.19 $ 52.500
Schedule of option input into a Black Scholes option pricing model	Exercise price $ 2.95 to $ 4.35 Expected life 6 years Expected volatility 38 % Dividend yield 0 % Risk-free interest rate 2.27% to 2.88 %	2016 2017 Exercise price $ 4.90 to $6.60 $ 4.02 to$ 5.25 Expected life 5.5 years 5.8 years Expected volatility 38 % 38 % Dividend yield 0 % 0 % Risk-free interest rate 1.13% to 1.73 % 1.89% to 2.06 %

Warrants (Tables)

Warrants (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Warrants [Abstract]
Schedule of warrants, valuation assumptions		Exercise price $ 1,250 Expected life 7 years Expected volatility 38 % Dividend yield 0 % Risk-free interest rate 1.35 %
Schedule of outstanding stock warrants	Series 2 Preferred Weighted Average Exercise Common Stock Warrants Stock Warrants Remaining Price Outstanding Outstanding Contractual Life $ 10.00 200,000 1 years $ 5.50 177,303 3 years $ 1,250 - 439 5 years 377,303 439	Exercise Common Stock Warrants Series 2 Preferred Stock Warrants Weighted Average Remaining Price Outstanding Outstanding Contractual Life $ 11.00 134,250 1 years $ 10.00 200,000 3 years $ 5.50 177,303 4 years $ 1,250 - 439 6 years 511,553 439

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
Schedule of reconciliation of the benefit for income taxes from continuing operations	2017 2016 Federal tax benefit at statutory rate $ (2,830,000 ) $ (4,167,000 ) State tax benefit, net of federal tax (142,000 ) (293,000 ) Permanent differences 39,000 43,000 Change in statutory rate 86,000 216,000 Change in valuation allowance (1,934,000 ) 4,075,000 Change in federal tax rate 4,747,000 - Other 34,000 126,000 Benefit for income taxes $ - $ -
Schedule of deferred tax assets and liabilities	2017 2016 Deferred tax assets: Equity based compensation $ 170,000 $ 254,000 Allowance for doubtful accounts 493,000 3,462,000 Lease merchandise 779,000 813,000 Fixed assets 4,000 11,000 Lease Impairment 256,000 1,135,000 Deferred rent 2,000 - Accrued expenses 45,000 - Federal loss carry-forwards 6,302,000 4,668,000 State loss carry forward 696,000 338,000 Gross deferred tax assets 8,747,000 10,681,000 Valuation allowance (8,747,000 ) (10,681,000 ) Net deferred tax assets $ - $ -

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments [Abstract]
Schedule of future minimum annual lease payments	2018 $ 256,385 2019 144,201 $ 400,586

Business (Details)

Business (Details)	6 Months Ended
	Jun. 30, 2018USD ($)
Business (Textual)
Limited liability percentage of FlexShopper, LLC	100.00%
Ability to borrow additional funds	$ 20
Subordinated promissory notes, description	The holder of one of its subordinated promissory notes (as described in Notes 5 and 13) provided the Company with a 30-day written notice for payment of $2.5 million of principal and accrued interest. Repayment has been extended to August 31, 2018.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Accounts receivable	$ 9,905,651	$ 6,399,233	$ 11,690,495
Allowance for doubtful accounts	(5,800,968)	(2,139,765)	(9,508,708)
Accounts receivable, net	$ 4,104,683	$ 4,259,468	$ 2,181,787

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Details 1) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Lease merchandise at cost	$ 34,655,190	$ 34,501,555	$ 33,264,810
Accumulated depreciation	(15,050,985)	(11,974,953)	(11,578,267)
Impairment reserve	(1,797,622)	(1,111,280)	(3,116,083)
Lease merchandise, net	$ 17,806,583	$ 21,415,322	$ 18,570,460

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details 2) - shares	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	3,713,241	3,721,211	3,756,991	3,834,911
Series 1 Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	145,197	147,417	145,197	147,417
Series 2 Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	2,710,124	2,710,124	2,710,124	2,710,124
Series 2 Convertible Preferred Stock issuable upon exercise of warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	54,217	54,217	54,217	54,217
Common Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	426,400	297,900	335,900	411,600
Common Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	377,303	511,553	511,553	511,553

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies (Textual)
Amortization method				Straight line method
Accounts receivable charged off against allowance		$ 3,013,914	$ 7,162,533	$ 7,442,190	$ 13,580,054	$ 26,504,150	$ 8,499,812
Allowance for bad debt						4,727,278
Provision for bad debts		5,483,487	4,759,879	10,658,805	9,675,629	19,135,207	13,281,242
Impairment charge		1,312,000	1,782,000	2,119,000	3,284,000	4,575,000	5,021,000
Amortization		139,903	118,404	258,307	236,808	473,616	451,304
Capitalized software costs		$ 709,561	$ 498,049	$ 1,007,387	$ 937,967	$ 1,894,172	$ 1,773,574
Concentration risk, percentage				50.00%
Flexible options to obtain ownership, description				Customers have the option to cancel the agreement in accordance with lease terms and return the merchandise. Accordingly, customer agreements are accounted for as operating leases with lease revenues recognized in the month they are due on the accrual basis of accounting. Merchandise sales revenue is recognized when the customer exercises the purchase option and pays the purchase price.
Revenue recognition, description				Through a 90 day same as cash option, an early purchase option, or through payments of all required lease payments, generally 52 weeks, for ownership.
Useful life of patent				10 years
Debt issuance costs	$ 35,000
Interest expense				$ 35,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,694,730	$ 6,673,179	$ 4,651,641
Less: accumulated depreciation and amortization	(4,621,681)	(3,725,015)	(2,111,127)
Property and equipment, net	3,073,049	2,948,164	2,540,514
Furniture, fixtures and vehicle [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 155,165	$ 153,909	98,564
Furniture, fixtures and vehicle [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years	2 years
Furniture, fixtures and vehicle [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years	5 years
Website and internal use software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,835,158	$ 5,827,771	3,933,600
Estimated Useful Lives	3 years	3 years
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 704,407	$ 691,499	$ 619,477
Computers and software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years	3 years
Computers and software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years	7 years

Property and Equipment (Detai34

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Property and Equipment (Textual)
Depreciation and amortization expense	$ 461,761	$ 393,830	$ 896,666	$ 764,298	$ 1,613,888	$ 1,112,127

Loans Payable to Shareholder (D

Loans Payable to Shareholder (Details) - USD ($)	Jun. 13, 2016	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Feb. 11, 2016
Loans Payable to Shareholder (Textual)
Interest paid		$ 1,422,484	$ 416,407	$ 1,649,795	$ 1,459,756
Promissory Note [Member]
Loans Payable to Shareholder (Textual)
Promissory note, face amount						$ 1,000,000
Interest rate of promissory note						15.00%
Interest paid	$ 51,250

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 30, 2018	Jun. 30, 2018	Jun. 30, 2018	Jan. 29, 2018
Promissory Notes (Textual)
Commitment fee, percentage	1.00%
Aggregate commitment fee amount	$ 35,000
Description of credit facility	Payments of principal and accrued interest are due and payable by the Company upon 30 days' prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty.
Interest expense on promissory notes		$ 167,403	$ 269,919
Senior Credit Agreement [Member]
Promissory Notes (Textual)
Interest rate		15.90%	15.90%
Mr. Heiser [Member]
Promissory Notes (Textual)
Commitment letters aggregate amounts	$ 1,000,000			$ 1,000,000
Interest expense on promissory notes		$ 47,829	$ 73,988
NRNS [Member]
Promissory Notes (Textual)
Commitment letters aggregate amounts	$ 2,500,000
Interest rate	3.00%
Interest expense on promissory notes		$ 195,931	$ 119,574
Issuance of notes, description	The Company drew $500,000 and a subsequent $500,000 on February 20, 2018 on the Note held by Mr. Heiser and $2,500,000 on the Note held by NRNS.

Loan Payable Under Credit Agr37

Loan Payable Under Credit Agreement (Details) - USD ($)	Apr. 03, 2018	Mar. 06, 2015	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Loan Payable Under Credit Agreement (Textual)
Interest expense			$ 1,045,338		$ 551,304		$ 1,979,005	$ 1,107,295	$ 2,168,262	$ 1,925,184
Repayment of loans payable							6,420,852	788,207	2,288,208	4,172,714
Unamortized issuance costs			40,839				40,839		39,468	631,488
Credit Agreement [Member]
Loan Payable Under Credit Agreement (Textual)
Borrowed from lender		$ 25,000,000
Term of debt		2 years
Interest expense			716,272		432,899		1,414,224	$ 870,486	1,694,096	$ 1,422,630
Funded amount			16,201,472				$ 16,201,472		$ 18,950,000
Fifth amendment to credit agreement, description							On January 27, 2017, FlexShopper entered into a fifth amendment to the Credit Agreement (the "Omnibus Amendment"). The Omnibus Amendment amended the Credit Agreement to, among other things, (1) extend the date after which the Company may no longer borrow additional funds (the "Commitment Termination Date") from May 6, 2017 to April 1, 2018 (with a one-time right of extension by the Lender up to August 31, 2018 that was exercised by the Lender on January 9, 2018), (2) require the Company to refinance the debt under the Credit Agreement upon a Permitted Change of Control (as defined in the Credit Agreement), subject to the payment of an early termination fee, (3) reduce the interest rate charged on amounts borrowed to be LIBOR plus 14% per annum and reduce the non-usage fee on undrawn amounts if the facility is less than 75% drawn on average, and (4) modify certain permitted debt and financial covenants. These modified covenants consist of a reduction of Equity Book Value to be not less than the sum of $6 million and 20% of any additional equity capital invested into the Company after December 31, 2016; maintaining at least $1.5 million in Unrestricted Cash; and the ratio of Consolidated Total Debt to Equity Book Value not exceeding 4.75:1. The date upon which we must repay all remaining amounts owing under the Credit Agreement (the "Commitment Maturity Date") is one year after the Commitment Termination Date.		On January 27, 2017, FlexShopper entered into a fifth amendment to the Credit Agreement (the "Omnibus Amendment"). The Omnibus Amendment amended the Credit Agreement to, among other things, (1) extend the Commitment Termination Date from May 6, 2017 to April 1, 2018 (with a one-time right of extension by the lenders up to August 31, 2018), (2) require the Company to refinance the debt under the Credit Agreement upon a Permitted Change of Control (as defined in the Credit Agreement), subject to the payment of an early termination fee, (3) reduce the interest rate charged on amounts borrowed to be LIBOR plus 14% per annum and reduce the non-usage fee on undrawn amounts if the facility is less than 75% drawn on average, and (4) modify certain permitted debt and financial covenants. These modified covenants consist of a reduction of Equity Book Value to not be less than the sum of $6 million and 20% of any additional equity capital invested into the Company after December 31, 2016; maintaining at least $1.5 million in Unrestricted Cash; and the ratio of Consolidated Total Debt to Equity Book Value not exceeding 4.75:1. The Company was in compliance with its covenants as of December 31, 2017. The Company had $1,061,000 available under the Credit Agreement as of December 31, 2017.
Repayment of loans payable				$ 1,500,000	$ 788,208	$ 4,172,174	$ 565,852
Fifth amendment to credit agreement value									$ 1,061,000
Sixth amendment provided to warrants	175,000
Exercise price of warrants	$ 0.01
Unamortized issuance costs			$ 490,065				$ 490,065

Capital Structure (Details)

Capital Structure (Details) - USD ($)	Apr. 03, 2018	Nov. 09, 2017	May 10, 2017	Jun. 24, 2016	Jun. 10, 2016	Mar. 06, 2015	Oct. 24, 2016	Jan. 31, 2007	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Capital Structure (Textual)
Common stock, shares authorized (in shares)									15,000,000	15,000,000	15,000,000
Common stock, par value									$ 0.0001	$ 0.0001	$ 0.0001
Reverse stock split, description							One-for-10
Warrant [Member]
Capital Structure (Textual)
Common stock warrants outstanding									377,303	511,553
Series 2 preferred stock warrants outstanding									439	439
Director [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)										$ 0.001
Preferred stock, shares authorized (in shares)			500,000							10,000,000
Common Stock [Member]
Capital Structure (Textual)
Common stock, shares authorized (in shares)			15,000,000
Common stock voting rights, description			Each share of Common Stock entitles the holder to one vote at all stockholder meetings.
Common stock shares, description									The Company was authorized to issue 100,000,000 shares of $0.0001 par value common stock.	The Company was authorized to issue 100,000,000 shares of $0.0001 par value common stock.
Conversion of preferred stock to common stock, shares										2,220	51,873
Credit Agreement [Member]
Capital Structure (Textual)
Proceeds from sale of stock						$ 8,600,000
Sale of common stock shares						1,700,000
Purchase price per share						$ 5.50
Sixth amendment provided to warrants	175,000
Exercise price of warrants	$ 0.01
Series 1 Convertible Preferred Stock [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)									$ 0.001
Preferred stock, shares authorized (in shares)									25,000
Preferred stock conversion into common stock, shares		250,000						250,000
Convertible preferred stock, terms of conversion, description									239,405 shares of Series 1 Convertible Preferred Stock outstanding, which are convertible into 145,197 shares of common stock.
Convertible, conversion price per share									$ 0.60649	$ 0.60649
Conversion of preferred stock to common stock, shares										3,660	85,132
Series 2 Convertible Preferred Stock [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)									$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)									25,000	25,000	25,000
Preferred stock, shares outstanding									21,952	21,952	21,952
Proceeds from sale of stock					$ 20,000,000
Convertible preferred stock, terms of conversion, description					Each Series 2 Preferred Share is convertible at a conversion price of $8.10 into approximately 124 shares of common stock; provided, the conversion price is subject to reduction pursuant to a weighted average anti-dilution provision contained in the Series 2 Certificate of Designations. The holders of the Series 2 Preferred Shares have the option to convert such shares into shares of common stock and have the right to vote with holders of common stock on an as-converted basis. If, during the two year period commencing on the date of issuance, the average closing price during any 45 consecutive trading day period equals or exceeds $17.50 per common share, or a change of control transaction (as defined in the Series 2 Certificate of Designations) values the Company's common stock at $17.50 per share or greater; or after this two year period the average closing price during any 45 day consecutive trading day period or change of control transaction values the common stock at a price equal to or greater than $23.00 per share, then conversion shall be automatic.
Convertible preferred stock, shares issued upon conversion					20,000
Convertible preferred stock, stated value									$ 1,000	$ 1,000	$ 1,000
Gross proceeds					$ 1,950,000
Additional sale of shares					1,952
Conversion of preferred stock to common stock, shares
Cumulative dividends									$ 4,736,865	$ 3,528,361
Series 2 Convertible Preferred Stock [Member] | Warrant [Member]
Capital Structure (Textual)
Exercise price of warrants				$ 1,250
Series 2 preferred stock warrants outstanding				439

Stock Options (Details)

Stock Options (Details) - Stock option [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding	335,900	411,600	406,700
Number of options, Granted	109,500	106,000	70,700
Number of options, Canceled/Forfeited	(19,000)	(16,700)	(40,800)
Number of options, Expired		(160,000)
Number of options, Exercised		(5,000)	(25,000)
Number of options, Outstanding	426,400	335,900	411,600
Number of options, Vested and exercisable	275,034	212,500
Number of options, Vested and exercisable and expected to vest thereafter	426,400	331,600
Weighted average exercise price, Outstanding	$ 5.61	$ 8.63	$ 8.50
Weighted average exercise price, Granted	3.12	4.24	5.70
Weighted average exercise price, Canceled/Forfeited	4.61	6.01	6.70
Weighted average exercise price, Expired		12.50
Weighted average exercise price, Exercised		3	1.70
Weighted average exercise price, Outstanding	5.02	5.61	$ 8.63
Weighted average exercise price, Vested and exercisable	5.86	6.27
Weighted average exercise price, Vested and exercisable and expected to vest thereafter	$ 5.02	$ 5.61
Weighted average contractual term (years), Outstanding	7 years 4 months 9 days	7 years 2 months 8 days
Weighted average contractual term (yeasrs), Vested and exercisable	6 years 2 months 30 days	6 years 4 days
Weighted average contractual term (years), Vested and exercisable and expected to vest thereafter	7 years 4 months 9 days	7 years 2 months 8 days
Aggregate intrinsic value, Outstanding	$ 59,192	$ 52,500
Aggregate intrinsic value, Vested and exercisable	37,302	52,500
Aggregate intrinsic value, Vested and exercisable and expected to vest thereafter	$ 59,193	$ 52,500

Stock Options (Details 1)

Stock Options (Details 1) - Stock option [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life	6 years	5 years 9 months 18 days	5 years 6 months
Expected volatility	38.00%	38.00%	38.00%
Dividend yield	0.00%	0.00%	0.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	$ 2.95	$ 4.02	$ 4.90
Risk-free interest rate	2.27%	1.89%	1.13%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	$ 4.35	$ 5.25	$ 6.60
Risk-free interest rate	2.88%	2.06%	1.73%

Stock Options (Details Textual)

Stock Options (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Apr. 26, 2018	Mar. 26, 2015	Oct. 31, 2009	Jan. 31, 2007
Stock Options (Textual)
Weighted average grant date fair value of options granted			$ 1.26		$ 1.65	$ 2.03
Unrecognized compensation cost related to non vested options			$ 169,551		$ 128,781
Remaining Contractual Life			2 years 2 months 12 days		2 years 1 month 13 days
Compensation expense	$ 22,779	$ 19,321	$ 72,481	$ 42,211	$ 113,952	$ 136,308
Stock options granted period, description			Options granted under the 2018 Plan and the Prior Plans vest over periods ranging from immediately upon grant to a three-year period and expire ten years from date of grant.		Options granted under the Plans vest over periods ranging from immediately upon grant to a three year period and expire ten years from date of grant.
2015 Stock Option Plan [Member]
Stock Options (Textual)
Common shares authorized for issuance (in shares)								400,000
2018 Omnibus Equity Compensation Plan [Member]
Stock Options (Textual)
Common shares authorized for issuance (in shares)							750,000
Issuance of shares							1,057,000
2007 Omnibus Equity Compensation Plan [Member]
Stock Options (Textual)
Common shares authorized for issuance (in shares)							307,000		420,000	210,000

Warrants (Details)

Warrants (Details) - Warrant [Member]	12 Months Ended
	Dec. 31, 2017$ / shares
Class of Warrant or Right [Line Items]
Exercise price	$ 1,250
Expected life	7 years
Expected volatility	38.00%
Dividend yield	0.00%
Risk-free interest rate	1.35%

Warrants (Details 1)

Warrants (Details 1) - Warrants [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Class of Warrant or Right [Line Items]
Common Stock Warrants Outstanding	377,303	511,553
Series 2 Preferred Stock Warrants Outstanding	439	439
Exercise Price $ 11.00 [Member]
Class of Warrant or Right [Line Items]
Exercise Price		$ 11
Common Stock Warrants Outstanding		134,250
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life		1 year
Exercise Price $ 10.00 [Member]
Class of Warrant or Right [Line Items]
Exercise Price	$ 10	$ 10
Common Stock Warrants Outstanding	200,000	200,000
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life	1 year	3 years
Exercise price $ 5.50 [Member]
Class of Warrant or Right [Line Items]
Exercise Price	$ 5.50	$ 5.50
Common Stock Warrants Outstanding	177,303	177,303
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life	3 years	4 years
Exercise price 1,250 [Member]
Class of Warrant or Right [Line Items]
Exercise Price	$ 1,250	$ 1,250
Common Stock Warrants Outstanding
Series 2 Preferred Stock Warrants Outstanding	439	439
Weighted Average Remaining Contractual Life	5 years	6 years

Warrants (Details Textual)

Warrants (Details Textual) - USD ($)	Apr. 03, 2018	Jun. 24, 2016	Jun. 30, 2018	Dec. 31, 2017
Credit Agreement [Member]
Warrants (Textual)
Exercise price of warrants	$ 0.01
Sixth amendment provided to warrants	175,000
Warrant [Member]
Warrants (Textual)
Series 2 preferred stock warrants outstanding			439	439
Fair value of each warrant				$ 342.71
Warrant total fair value				$ 150,451
Series 2 Convertible Preferred Stock [Member] | Warrant [Member]
Warrants (Textual)
Series 2 preferred stock warrants outstanding		439
Exercise price of warrants		$ 1,250

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Federal tax benefit at statutory rate	$ (2,830,000)	$ (4,167,000)
State tax benefit, net of federal tax	(142,000)	(293,000)
Permanent differences	39,000	43,000
Change in statutory rate	86,000	216,000
Change in valuation allowance	(1,934,000)	4,075,000
Change in federal tax rate	4,747,000
Other	34,000	126,000
Benefit for income taxes

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Equity based compensation	$ 170,000	$ 254,000
Allowance for doubtful accounts	493,000	3,462,000
Lease merchandise	779,000	813,000
Fixed assets	4,000	11,000
Lease Impairment	256,000	1,135,000
Deferred rent	2,000
Accrued expenses	45,000
Federal loss carry-forwards	6,302,000	4,668,000
State loss carry forward	696,000	338,000
Gross deferred tax assets	8,747,000	10,681,000
Valuation allowance	(8,747,000)	(10,681,000)
Net deferred tax assets

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)
Income Taxes (Textual)
Operating loss carryforwards expiration period	Offset future taxable income which expire from 2024 to 2037.
Stockholders ownership description	More than 50 percentage points over a three-year period.
Tax rate, description	The 21% rate will be applied for tax years beginning January 1, 2018. For tax years prior to 2018, a tiered tax bracket structure was used with tax rates ranging from 15% to 35% depending on the amount of corporate income subject to tax for the year.
Tax flat rate	21.00%
Deferred income tax assets and valuation allowance	$ 4,747,000
Federal [Member]
Income Taxes (Textual)
Net operating loss carryforwards	30,008,000
State [Member]
Income Taxes (Textual)
Net operating loss carryforwards	$ 16,011,000

Commitments (Details)

Commitments (Details)	Dec. 31, 2017USD ($)
Commitments [Abstract]
2,018	$ 256,385
2,019	144,201
Total	$ 400,586

Commitments (Details Textual)

Commitments (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 25, 2017	Sep. 01, 2015	Dec. 31, 2017	Dec. 31, 2016
Commitments (Textual)
Rental expense			$ 331,900	$ 274,300
Description of leasing arrangements			FlexShopper entered into a lease, as amended, for office space through June 2019. On March 14, 2017, FlexShopper amended the lease agreement for an additional suite in an adjoining building.
Term of lease	12 months	48 months

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jan. 09, 2018	Jul. 31, 2018	Jan. 29, 2018	Jan. 30, 2018
Subsequent Events (Textual)
Description of credit agreement	The Credit Agreement was modified to extend the Commitment Termination Date from April 1, 2018 to August 31, 2018.
Mr. Heiser [Member]
Subsequent Events (Textual)
Commitment letters aggregate amounts			$ 1,000,000	$ 1,000,000
Proceeds from issuance of notes			500,000
NRNS [Member]
Subsequent Events (Textual)
Commitment letters aggregate amounts				$ 2,500,000
Proceeds from issuance of notes			$ 2,500,000
Interest rate				3.00%
Subsequent Event [Member] | Credit Agreement [Member]
Subsequent Events (Textual)
Description of credit agreement		The Amendment amended the Credit Agreement provides that, among other things, if the Company raises at least $20 million in equity funding (the "Equity Raise") on or before August 31, 2018, the Commitment Termination Date (as defined in the Credit Agreement) will be extended to February 28, 2021.
Interest rate		11.00%
Subsequent Event [Member] | Senior Credit Agreement [Member]
Subsequent Events (Textual)
Interest rate		5.00%