FlexShopper (FPAY) 10-K 30 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 30, 2022	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	FlexShopper, Inc.
Trading Symbol	FPAY
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		21,575,112
Entity Public Float			$ 40,177,000
Amendment Flag	false
Entity Central Index Key	0001397047
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-37945
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5456087
Entity Address, Address Line One	901 Yamato Road
Entity Address, Address Line Two	Ste. 260
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	(855)
Local Phone Number	353-9289
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Auditor Firm ID	274
Auditor Name	EisnerAmper LLP
Auditor Location	Iselin, New Jersey

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash	$ 5,094,642	$ 8,541,232
Accounts receivable, net	29,898,991	10,032,714
Prepaid expenses	957,527	869,081
Lease merchandise, net	40,942,112	42,822,340
Total current assets	76,893,272	62,265,367
PROPERTY AND EQUIPMENT, net	7,841,206	5,911,696
OTHER ASSETS, net	77,578	72,316
Total assets	84,812,056	68,249,379
CURRENT LIABILITIES:
Accounts payable	7,982,180	7,907,619
Accrued payroll and related taxes	391,078	352,102
Promissory notes to related parties, net of $1,274 at 2021 and net of $8,276 at 2020 of unamortized issuance costs, including accrued interest	1,053,088	4,815,546
Current portion of promissory note – Paycheck Protection Program, including accrued interest		1,184,952
Accrued expenses	2,987,646	2,646,800
Lease liability - current portion	172,732	160,726
Total current liabilities	12,586,724	17,067,745
Loan payable under credit agreement to beneficial shareholder, net of $413,076 at 2021 and $61,617 at 2020 of unamortized issuance costs and current portion	50,061,924	37,134,009
Promissory notes to related parties, net of current portion	3,750,000
Promissory note – Paycheck Protection Program, net of current portion		741,787
Accrued payroll and related taxes net of current portion		204,437
Deferred income tax liability	495,166
Lease liabilities net of current portion	1,774,623	1,947,355
Total liabilities	68,668,437	57,095,333
STOCKHOLDERS’ EQUITY
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 170,332 shares at $5.00 stated value	851,660	851,660
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
Common stock, $0.0001 par value- authorized 40,000,000 shares, issued and outstanding 21,442,278 shares at 2021 and 21,359,945 shares at 2020	2,144	2,136
Additional paid in capital	38,560,117	36,843,326
Accumulated deficit	(45,222,302)	(48,495,076)
Total stockholders’ equity	16,143,619	11,154,046
Total liabilities and stockholders' equity	$ 84,812,056	$ 68,249,379

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Promissory notes to related parties net unamortized issuance costs (in Dollars)	$ 1,274	$ 8,276
Loan payable unamortized issuance costs and current portion (in Dollars)	$ 413,076	$ 61,617
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	21,442,278	21,359,945
Common stock, shares outstanding	21,442,278	21,359,945
Series 1 Convertible Preferred Stock
Convertible preferred stock, stated value (in Dollars)	$ 5	$ 5
Convertible preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	250,000	250,000
Convertible preferred stock, shares issued	170,332	170,332
Convertible preferred stock, shares outstanding	170,332	170,332
Series 2 Convertible Preferred Stock
Convertible preferred stock, stated value (in Dollars)	$ 1,000	$ 1,000
Convertible preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	25,000	25,000
Convertible preferred stock, shares issued	21,952	21,952
Convertible preferred stock, shares outstanding	21,952	21,952

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Lease revenues and fees, net	$ 118,355,184	$ 96,939,767
Lease merchandise sold	7,071,572	5,144,747
Total revenues	125,426,756	102,084,514
Costs and expenses:
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise	73,616,293	63,308,210
Cost of lease merchandise sold	5,561,593	3,424,880
Marketing	9,129,062	5,880,063
Salaries and benefits	11,489,208	10,440,693
Operating expenses	18,265,781	14,404,953
Total costs and expenses	118,061,937	97,458,799
Operating income	7,364,819	4,625,715
Gain on extinguishment of debt	1,931,825
Interest expense including amortization of debt issuance costs	(5,238,560)	(4,302,561)
Income before income taxes	4,058,084	323,154
Provision for income taxes	(785,310)	(663,050)
Net income/ (loss)	3,272,774	(339,896)
Deemed dividend from exchange offer of warrants		713,212
Dividends on Series 2 Convertible Preferred Shares	2,439,099	2,438,988
Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders	$ 833,675	$ (3,492,096)
Basic and diluted income/(loss) per common share:
Basic (in Dollars per share)	$ 0.04	$ (0.17)
Diluted (in Dollars per share)	$ 0.04	$ (0.17)
WEIGHTED AVERAGE COMMON SHARES:
Basic (in Shares)	21,387,960	20,995,349
Diluted (in Shares)	23,227,964	20,995,349

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($)	Series 1 Convertible Preferred Stock	Series 2 Convertible Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2019	$ 855,955	$ 21,952,000	$ 1,779	$ 35,313,721	$ (48,155,180)	$ 9,968,275
Balance (in Shares) at Dec. 31, 2019	171,191	21,952	17,783,960
Provision for compensation expense related to stock options				981,261		981,261
Provision for compensation expense related to stock options (in Shares)
Issuance of warrants in connection with consulting agreements				407,494		407,494
Issuance of warrants in connection with consulting agreements (in Shares)
Exercise of stock options into common stock			$ 1	5,661		5,662
Exercise of stock options into common stock (in Shares)			7,166
Conversion of preferred stock to common stock	$ (4,295)			4,295
Conversion of preferred stock to common stock (in Shares)	(859)		1,136
Exercise of warrants into common stock			$ 10	131,240		131,250
Exercise of warrants into common stock (in Shares)			105,000
Exchange offer of warrants			$ 346	(346)
Exchange offer of warrants (in Shares)			3,462,683
Net income (Loss)					(339,896)	(339,896)
Balance at Dec. 31, 2020	$ 851,660	$ 21,952,000	$ 2,136	36,843,326	(48,495,076)	11,154,046
Balance (in Shares) at Dec. 31, 2020	170,332	21,952	21,359,945
Provision for compensation expense related to stock options				1,125,819		1,125,819
Issuance of warrants in connection with consulting agreements				522,808		522,808
Exercise of stock options into common stock			$ 8	68,164		68,172
Exercise of stock options into common stock (in Shares)			82,333
Net income (Loss)					3,272,774	3,272,774
Balance at Dec. 31, 2021	$ 851,660	$ 21,952,000	$ 2,144	$ 38,560,117	$ (45,222,302)	$ 16,143,619
Balance (in Shares) at Dec. 31, 2021	170,332	21,952	21,442,278

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 3,272,774	$ (339,896)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Depreciation and impairment of lease merchandise	73,616,293	63,308,210
Other depreciation and amortization	2,871,541	2,271,287
Amortization of debt issuance cost	220,816	305,797
Compensation expense related to issuance of stock options and warrants	1,648,627	1,388,755
Provision for doubtful accounts	40,489,540	31,930,714
Interest in kind added to promissory notes balance	9,460	13,388
Write off of capitalized software costs	4,361
Deferred income tax	495,166
Gain on debt extinguishment	(1,931,825)
Changes in operating assets and liabilities:
Accounts receivable	(60,355,817)	(33,691,096)
Prepaid expenses and other	(87,394)	(195,104)
Lease merchandise	(71,736,065)	(75,067,446)
Security deposits	(8,338)	2,943
Accounts payable	74,561	3,339,730
Lease liabilities	(5,811)	198,528
Accrued payroll and related taxes	(165,461)	43,271
Accrued expenses	331,541	1,283,372
Net cash used in operating activities	(11,256,031)	(5,207,547)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment, including capitalized software and data costs	(4,949,544)	(3,098,194)
Net cash used in investing activities	(4,949,544)	(3,098,194)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan payable under credit agreement	19,850,000	15,033,000
Repayment of loan payable under credit agreement	(6,575,000)	(7,023,250)
Proceeds from promissory notes- Paycheck Protection Program, net of fees		1,914,100
Principal payment under finance lease obligation	(7,707)	(6,664)
Proceeds from exercise of warrants		131,250
Proceeds from exercise of stock options	68,172	5,662
Repayment of installment loan	(11,207)	(11,207)
Debt issuance related costs	(565,273)	(64,390)
Net cash provided by financing activities	12,758,985	9,978,501
(DECREASE)/ INCREASE IN CASH	(3,446,590)	1,672,760
CASH, beginning of period	8,541,232	6,868,472
CASH, end of period	5,094,642	8,541,232
Supplemental cash flow information:
Interest paid	4,945,690	3,973,374
Deemed dividend from exchange offer of warrants		713,212
Conversion of preferred stock to common stock		$ 4,295

Business

Business	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
BUSINESS	1. BUSINESS FlexShopper, Inc. (the “Company”) is a corporation organized under the laws of the State of Delaware in 2006. The Company owns 100% of FlexShopper, LLC, a North Carolina limited liability company and owns 100% of FlexLending, LLC, a Delaware limited liability company. The Company is a holding corporation with no operations except for those conducted by FlexShopper LLC and its subsidiary FlexLending, LLC. In January 2015, in connection with the Credit Agreement entered 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 Inc, together with its subsidiaries, are hereafter referred to as “FlexShopper.” FlexShopper 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. The Company effects these transactions by first approving consumers through its proprietary, risk analytics-powered underwriting model. After receiving a signed consumer lease, the Company then funds the leased item by purchasing the item from the Company’s merchant partner and leasing it to the consumer. The Company then collects payments from consumers under their consumer lease.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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 $ 57,602,269 $ 32,171,255 Allowance for doubtful accounts (27,703,278 ) (22,138,541 ) Accounts receivable, net $ 29,898,991 $ 10,032,714 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. As the lease ages, the greater the allowance attributable to that account to reflect the decreased likelihood of successful collection efforts. Accounts receivable balances charged off against the allowance were $34,924,803 for the year ended December 31, 2021 respectively and $19,769,114 for the year ended December 31, 2020, respectively. During the years ended December 31, 2021 and 2020, the provision for bad debt was $40,489,540 and $31,930,714, respectively. The following table shows the activity in the allowance for doubtful accounts: December 31, December 31, Beginning balance $ 22,138,541 $ 9,976,941 Provision 40,489,540 31,930,714 Accounts written off (34,924,803 ) (19,769,114 ) Ending balance $ 27,703,278 $ 22,138,541 Lease Merchandise - The net leased merchandise balances consisted of the following as of December 31, 2021 and December 31, 2020: December 31, December 31, Lease merchandise at cost $ 72,159,063 $ 64,335,971 Accumulated depreciation (29,505,431 ) (19,162,357 ) Impairment reserve (1,711,520 ) (2,351,274 ) Lease merchandise, net $ 40,942,112 $ 42,822,340 Cost of lease merchandise sold represents the undepreciated cost of rental merchandise at the time of sale. Lease accounting The Company accounts for leases in accordance with Accounting Standards Codification (ASC) Topic 842 Leases (Topic 842). Under Topic 842, lessees are required to recognize for all leases at the commencement date as 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. Under the same Topic, lessors are also required to classify leases. All customer agreements are considered operating leases, and the Company currently does not have any sales-type or direct financing leases as a lessor. An operating lease results in the recognition of lease income on a straight-line basis, while the underlying leased asset remains on the lessor’s balance sheet and continues to depreciate. The breakout of lease revenues and fees, net of lessor bad debt expense, is shown below: Year ended 2021 2020 Lease billings and accruals $ 158,844,724 $ 128,870,481 Provision for doubtful accounts (40,489,540 ) (31,930,714 ) Lease revenues and fees $ 118,355,184 $ 96,939,767 Deferred Debt Issuance Costs Debt issuance costs incurred in conjunction with the subordinated Promissory Notes (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 $7,002 and $21,885 for the years ended December 31, 2021 and 2020, respectively. Intangible Assets - Software Costs - Data Costs Capitalized data costs amounted to $884,160 for the year ended December 31, 2021. Capitalized data costs amortization expense was $86,717 for the years ended December 31, 2021. Operating Expenses - Marketing Costs - 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 income/ (loss) per share for the year ended December 31, 2021 and the year ended December 31, 2020, no effect has been given to the issuance of common stock upon conversion or exercise of the Series 2 Convertible Preferred stock as their effect is anti-dilutive. Year ended December 31, 2021 2020 Series 1 Convertible Preferred Stock 225,231 225,231 Series 2 Convertible Preferred Stock 5,845,695 5,845,695 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 116,903 116,903 Common Stock Options 3,080,904 2,595,700 Common Stock Warrants 2,255,184 2,112,488 11,523,917 10,896,017 The following table sets forth the computation of basic and diluted earnings per common share for the year ended December 31, 2021 and 2020: Year ended December 31, 2021 2020 Numerator Net income/(loss) $ 3,272,774 (339,896 ) Convertible Series 2 Preferred Share dividends (2,439,099 ) (2,438,988 ) Net income/(loss) attributable to common and Series 1 Convertible Preferred Stock 833,675 (2,778,884 ) Deemed dividend from exchange offer of warrants - (713,212 ) Convertible Series 2 Preferred Share dividends attributable to Series 1 Convertible Preferred Stock 25,418 - Net income attributable to Series 1 Convertible Preferred Stock (34,106 ) - Net income/(loss) attributable to common shares - Numerator for basic and diluted EPS $ 824,987 (3,492,096 ) Denominator Weighted average of common shares outstanding- Denominator for basic EPS 21,387,960 20,995,349 Effect of dilutive securities: Common stock options 978,978 - Common stock warrants 861,026 - Denominator for diluted EPS – adjusted weighted average shares 23,227,964 20,995,349 Basic EPS $ 0.04 (0.17 ) Diluted EPS $ 0.04 (0.17 ) Stock-Based Compensation - Compensation expense is determined by reference to the fair value of an award on the date of grant and is recognized on a straight-line basis over the vesting period. The Company has 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 December 30, 2021, and 2020, 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 June 2016, the FASB issued Accounting Standards Update No. 2016-13, as amended “Financial Instruments - Credit Losses (Topic 326)” revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. The effective date of Topic 326 for public companies that are considered smaller reporting companies as defined by the SEC as for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is planning to adopt this standard on January 1, 2023.While the Company is continuing to assess the potential effects of adopting the provisions of Topic 326, it does not expect to have a material effect, if any, on its Consolidated Financial Statements, as this Topic does not cover operating leases receivables. In March 2020, the FASB issued guidance codified in ASU 2020-04 and ASU 2021-01, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective for the Company as of March 12, 2020 through December 31, 2022. An entity can elect to apply the amendments as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to that date that the financial statements are available to be issued. The Company is currently evaluating the optional expedients and exceptions provided by ASU 2020-04 to determine the impact on its consolidated financial statements.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	3. LEASES Refer to Note 2 of these consolidated financial statements for further information about the Company’s revenue generating activities as a lessor. All customer agreements are considered operating leases, and the Company currently does not have any sales-type or direct financing leases. Lease Commitments FlexShopper had a lease for retail store space in West Palm Beach, Florida. The term of the lease was to December 30, 2021. In March 2021, FlexShopper and the lessor agreed on the early termination of the lease for this property. The monthly rent for this space was approximately $2,300 per month. In January 2019, FlexShopper entered into a 108-month lease with an option for one additional five-year term for 21,622 square feet of office space in Boca Raton, FL to accommodate FlexShopper’s business and its employees (the “January 2019 Lease”). The monthly rent for this space is approximately $31,500 with annual three percent increases throughout the initial 108-month lease term beginning on the anniversary of the commencement date. In September 2021, FlexShopper entered into a 12-month lease for an office space for approximately 18 people at the Battery at SunTrust Park at Georgia, Atlanta mainly to expand the sales team. The monthly rent for this space is approximately $6,900 per month. This lease is accounted for under the practical expedient for leases with initial terms of 12 months or less, and as such no related right of use asset or liability was recorded. The rental expense for the year ended December 31, 2021 and 2020 was approximately $679,000 and $688,000 respectively. At December 31, 2021, the future minimum annual lease payments are approximately as follows: 2022 $ 472,000 2023 427,000 2024 435,000 2025 443,000 2026 456,000 Thereafter 774,000 $ 3,007,000 The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are included in the Company’s consolidated balance sheets beginning January 1, 2019. Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, December 31, Assets Operating Lease Asset Property and Equipment, net $ 1,534,512 $ 1,673,432 Finance Lease Asset Property and Equipment, net 18,818 27,106 Total Lease Assets $ 1,553,330 $ 1,700,538 Liabilities Operating Lease Liability – current portion Current Lease Liabilities $ 163,939 $ 153,019 Finance Lease Liability – current portion Current Lease Liabilities 8,793 7,707 Operating Lease Liability – net of current portion Long Term Lease Liabilities 1,761,558 1,925,498 Finance Lease Liability – net of current portion Long Term Lease Liabilities 13,065 21,857 Total Lease Liabilities $ 1,947,355 $ 2,108,081 Operating lease assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The Company uses its incremental borrowing rate as the discount rate for its leases, as the implicit rate in the lease is not readily determinable. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. Operating lease assets also include any prepaid lease payments and lease incentives. The lease terms include periods under options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company generally uses the base, non-cancelable, lease term when determining the lease assets and liabilities. Under the short-term lease exception provided within ASC 842, the Company does not record a lease liability or right-of-use asset for any leases that have a lease term of 12 months or less at commencement. Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s leases: Weighted Weighted Operating Leases 13.03 % 7 Finance Leases 13.32 % 2 Operating lease expense is recognized on a straight-line basis over the lease term within operating expenses in the Company’s consolidated statements of operations. Finance lease expense is recognized over the lease term within interest expense and amortization in the Company’s consolidated statements of operations. The Company’s total operating and finance lease expense all relate to lease costs and amounted to $401,463 and $433,654 for the year ended December 31, 2021 and December 31, 2020, respectively. Supplemental cash flow information related to operating leases is as follows: Year ended December 30, 2021 2020 Cash payments for operating leases $ 400,771 $ 221,433 Cash payments for finance leases 11,184 11,049 New finance lease asset obtained in exchange for lease liabilities - 4,033 Below is a summary of undiscounted operating lease liabilities as of December 30, 2021. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the operating lease liabilities included in the consolidated balance sheet. Operating 2022 $ 405,443 2023 417,606 2024 430,134 2025 443,038 2026 456,330 2027 and thereafter 773,594 Total undiscounted cash flows 2,926,145 Less: interest (1,000,648 ) Present value of lease liabilities $ 1,925,497 Below is a summary of undiscounted finance lease liabilities as of December 30, 2021. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance lease liabilities included in the consolidated balance sheet. Finance 2022 $ 11,184 2023 9,699 2024 4,782 Total undiscounted cash flows 25,665 Less: interest (3,807) Present value of lease liabilities $ 21,858

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Property and equipment consist of the following: Estimated December 31, December 31, Furniture, fixtures and vehicle 2-5 years $ 391,669 $ 303,285 Website, internal use software and data cost 3 years 16,186,179 12,489,441 Computers and software 3-7 years 2,281,975 1,121,914 18,859,823 13,914,640 Less: accumulated depreciation and amortization (12,571,947 ) (9,703,482 ) Right of use assets, net 1,553,330 1,700,538 $ 7,841,206 $ 5,911,696 Depreciation and amortization expense were $2,872,826 and $2,268,211 for the years ended December 31, 2021 and 2020, respectively.

Promissory Notes-Related Partie

Promissory Notes-Related Parties	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
PROMISSORY NOTES-RELATED PARTIES	5. PROMISSORY NOTES-RELATED PARTIES 122 Partners Note Interests paid for the 122 Partner Note were $148,011 and $165,280 for the year 2021 and 2020, respectively. Interests expensed for the 122 Partner Note were $143,940 and $165,409 for the year 2021 and 2020, respectively. As of March 30, 2022, the Company is finalizing an amendment to the 122 Partner Note to extend the maturity date for one more year. NRNS Note Interests paid for the NRNS Note were $555,749 and $619,961 for the year 2021 and 2020, respectively. Interests expensed for the NRNS Note were $540,360 and $620,581 for the year 2021 and 2020, respectively. Amounts payable under the promissory notes are as follows: Debt Interest 2022 $ 1,000,000 $ 54,362 2024 $ 3,750,000 —

Loan Payable Under Credit Agree

Loan Payable Under Credit Agreement	12 Months Ended
	Dec. 31, 2021
Loan Payable Disclosure [Abstract]
LOAN PAYABLE UNDER CREDIT AGREEMENT	6. LOAN PAYABLE UNDER CREDIT AGREEMENT On March 6, 2015, FlexShopper, through a wholly-owned subsidiary (“Borrower”), entered into a credit agreement (as amended from time-to-time, 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, an affiliate of Waterfall Asset Management, LLC, as administrative agent and lender (“Lender”). The Borrower 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, the Borrower may borrow up to $57,500,000 from the Lender until the Commitment Termination Date and must repay all borrowed amounts one year thereafter, on the date that is 12 months following the Commitment Termination Date (unless such amounts become due or payable on an earlier date pursuant to the terms of the Credit Agreement). The Lender was granted a security interest in certain leases as collateral under this Agreement. On January 29, 2021, the Company and the Lender signed an Omnibus Amendment to the Credit Agreement. This Amendment extended the Commitment Termination Date to April 1, 2024, amended other covenant requirements, partially removed indebtedness covenants and amended eligibility rules. The interest rate charged on amounts borrowed is LIBOR plus 11% per annum. At December 31, 2021, amounts borrowed bear interest at 11.25%. 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 payments of cash dividends on common stock. Additionally, the Credit Agreement includes covenants requiring FlexShopper to maintain a minimum amount of Equity Book Value, maintain a minimum amount of liquidity and cash and maintain a certain ratio of Consolidated Total Debt to Equity Book Value (each capitalized term, as defined in the Credit Agreement). Upon a Permitted Change of Control (as defined in the Credit Agreement), FlexShopper must refinance the debt under the Credit Agreement, subject to the payment of an early termination fee. A summary of the covenant requirements, and FlexShopper’s actual results at December 31, 2021, follows: December 31, Required Actual Equity Book Value not less than $ 8,000,000 $ 16,143,619 Liquidity greater than 1,500,000 5,094,642 Cash greater than 500,000 5,094,642 Consolidated Total Debt to Equity Book Value ratio not to exceed 5.25 3.40 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. As of December 31, 2021, the Company had $5,268,566 available under the Credit Agreement. Credit availability is subject to a borrowing base which is redetermined from time to time and based on specific advance rates on eligible current assets. As the Company continues to originate lease agreements, new leases will be eligible for the borrowing base and this will open more availability under the Credit Agreement. Interest expense incurred under the Credit Agreement amounted to $4,323,830 for the year ended December 31, 2021, and $3,192,019 for the year ended December 31, 2020, respectively. The outstanding balance under the Credit Agreement was $50,475,000 as of December 31, 2021 and was $37,195,696 as of December 31, 2020. Such amount is presented in the consolidated balance sheet net of unamortized issuance costs of $413,076 at 2021 and $61,617 at 2020. Interest is payable monthly on the outstanding balance of the amounts borrowed. No principal is expected to be repaid in the next twelve months due to the Commitment Termination Date having been extended to April 1, 2024, or from reductions in the borrowing base. Accordingly, all principal is shown as a non-current liability at December 31, 2021. On March 5, 2021, the applicable regulators announced that LIBOR will cease to be provided and will no longer be representative (i) immediately after December 31, 2021 for all sterling, euro, Swiss franc and Japanese yen settings, and the one-week and two-month U.S. dollar settings and (ii) immediately after June 30,2023 for the remaining U.S. dollar settings. The Company’s debt bears interest based on the one-month LIBOR rate. If there is a LIBOR Disruption Event as defined in the Credit Agreement, LIBOR will be replaced with the Prime Rate.

Capital Structure

Capital Structure	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
CAPITAL STRUCTURE	7. CAPITAL STRUCTURE The Company’s capital structure consists of preferred and common stock as described below: Preferred Stock The Company is authorized to issue 500,000 shares of $0.001 par value preferred stock. Of this amount, 250,000 shares have been designated as Series 1 Convertible Preferred Stock and 25,000 shares have been designated as 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 December 31, 2021, each share of Series 1 Convertible Preferred Stock was convertible into 1.32230 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. As of December 31, 2021, there were 170,332 shares of Series 1 Convertible Preferred Stock outstanding, which were convertible into 225,231 shares of common stock. ● Series 2 Convertible Preferred Stock – 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 December 31, 2021 totaled approximately $13,271,173. As of December 31, 2021, each Series 2 Preferred Share was convertible into approximately 266 shares of common stock; however, the conversion rate is subject to further increase pursuant to a weighted average anti-dilution provision. The holders of the Series 2 Preferred Stock 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 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), holders of Series 2 Preferred Stock 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 shares of Series 2 Preferred Stock been converted to common stock immediately before the Liquidation Event or Deemed Liquidation Event. Common Stock The Company is authorized to issue 40,000,000 shares of common stock, par value $0.0001 per share. Each share of common stock entitles the holder to one vote at all stockholder meetings. The common stock is traded on the Nasdaq Capital Market under the symbol “FPAY.” Warrants In September 2018, the Company issued warrants exercisable for 5,750,000 shares of common stock at an exercise price of $1.25 per share (the “Public Warrants”). The warrants were immediately exercisable and expire five years from the date of issuance. The warrants were listed on the Nasdaq Capital Market under the symbol “FPAYW” (See Note 10). The Company also issued additional warrants exercisable for an aggregate 1,055,184 shares of common stock at an exercise price of $1.25 per warrant to Mr. Heiser and NRNS in connection with partial conversions of their promissory notes. The warrants are exercisable at $1.25 per share of common stock and expire on September 28, 2023. In connection with the issuance of Series 2 Convertible Preferred Stock in June 2016, the Company issued to the placement agent in such offering warrants exercisable for 439 shares of Series 2 Convertible Preferred Stock at an initial exercise price of $1,250 per share, which expire seven years after the date of issuance. As part of a consulting agreement with XLR8 Capital Partners LLC (the “Consulting Agreement”), an entity of which the Company’s Chairman is manager, the Company agreed to issue 40,000 warrants to XLR8 Capital Partners LLC monthly for 12 months beginning on March 1, 2019 at an exercise price of $1.25 per share or, if the closing share price on the last day of the month exceeds $1.25, then such exercise price will be 110% of the closing share price. The warrants are immediately exercisable and expire following the close of business on June 30, 2023. In February 2020, this agreement was extended for an additional six months through August 31, 2020. On August 30, 2020, the parties entered into an amendment to the Consulting Agreement to further extend the term for another six-month period through February 28, 2021. The Consulting Agreement automatically renewed for one successive six-month period, therefore the new termination date was August 31, 2021. There are no additional automatic renewals. The Consulting Agreement and amendments were approved by the Company’s Compensation Committee. The August 2020 amendment also modified the alternative minimum exercise price of the monthly warrant consideration issuable to the Consultant to $1.60 per share going forward, and the expiration date of the warrants to the date that is four years following the last trading day of the calendar month relating to the applicable monthly warrant issuance. During the year ended December 31, 2021, the Company recorded an expense of $522,808 based on a weighted average grant date fair value of $1.63 per warrant. Warrants Expense Grant date fair value Grant Date Granted Recorded Per Warrant January 31, 2021 40,000 $ 73,595 $ 1.84 February 29, 2021 40,000 76,318 1.91 March 31, 2021 40,000 63,010 1.58 April 30, 2021 40,000 60,542 1.51 May 31, 2021 40,000 63,156 1.58 June 30, 2021 40,000 68,228 1.71 July 31, 2021 40,000 55,658 1.39 August 31, 2021 40,000 62,301 1.56 320,000 522,808 1.63 During the year ended December 31, 2020, the Company recorded an expense of $407,494 based on a weighted average valuation of $0.85 per warrant. Warrants Expense Valuation Grant Date Granted Recorded Per Warrant January 31, 2020 40,000 $ 16,503 $ 0.41 February 29, 2020 40,000 $ 18,727 $ 0.47 March 31, 2020 40,000 $ 8,769 $ 0.22 April 30, 2020 40,000 $ 25,412 $ 0.64 May 31, 2020 40,000 $ 33,388 $ 0.83 June 30, 2020 40,000 $ 36,681 $ 0.92 July 31, 2020 40,000 $ 29,587 $ 0.74 August 31, 2020 40,000 $ 46,744 $ 1.17 September 30, 2020 40,000 $ 43,229 $ 1.08 October 31,2020 40,000 $ 37,414 $ 0.94 November 30, 2020 40,000 $ 45,883 $ 1.15 December 31, 2020 40,000 $ 65,157 $ 1.63 480,000 $ 407,494 $ 0.85 The expense recorded related to warrants in 2021 and 2020 are included in the line Operating expenses within the Consolidated Statement of Operations. The following table summarizes information about outstanding stock warrants as of December 31, 2021, all of which are exercisable: Exercise Price Common Stock Warrants Outstanding Series 2 Preferred Stock Warrants Outstanding Weighted Average Remaining Contractual Life $ 1.25 1,055,184 2 years $ 1.25 160,000 1 year $ 1.34 40,000 1 year $ 1.40 40,000 1 year $ 1.54 40,000 1 year $ 1.62 40,000 1 year $ 1.68 40,000 3 years $ 1.69 40,000 1 year $ 1.74 40,000 1 year $ 1.76 40,000 1 year $ 1.91 40,000 1 year $ 1.95 40,000 3 years $ 2.00 40,000 1 year $ 2.01 40,000 1 year $ 2.08 40,000 3 years $ 2.45 40,000 1 year $ 2.53 40,000 1 year $ 2.57 40,000 3 years $ 2.70 40,000 4 years $ 2.78 40,000 1 year $ 2.79 40,000 4 years $ 2.89 40,000 4 years $ 2.93 40,000 1 year $ 2.97 40,000 4 years $ 3.09 40,000 4 years $ 3.17 40,000 4 years $ 3.19 40,000 4 years $ 3.27 40,000 4 years $ 1,250 439 * 1 year 2,255,184 439 (*) At December 31, 2021, these warrants were convertible into 116,903 shares of common stock

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2021
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 thereunder. 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 settled with shares under the applicable Prior Plan. On February 21, 2019, the Company’s Board of Directors approved Amendment No. 1 to the 2018 Plan, subject to stockholder approval. On May 2, 2019, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares. On April 24, 2020, the Company’s Board of Directors approved an Amendment No. 2 to the 2018 Plan, subject to stockholder approval. On June 10, 2020, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares. On March 3, 2021, the Company’s Board of Directors approved an Amendment No. 3 to the 2018 Plan, subject to stockholder approval. On June 9, 2021, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 2,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 2,000,000 shares. 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 five-year period and expire ten years from date of grant. As of December 31, 2021, approximately 2,457,000 shares remained available for issuance under the 2018 Plan. Activity in stock options for the year ended December 31, 2021 and December 31, 2020 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2021 2,595,700 $ 1.92 $ 2,491,026 Granted 626,238 2.52 74,482 Exercise (82,333 ) 0.83 151,544 Forfeited (58,701 ) 2.65 58,285 Outstanding at December 31, 2021 3,080,904 $ 2.06 6.7 $ 1,923,642 Vested and exercisable at December 31, 2021 2,307,571 $ 2.04 6.9 $ 1,674,967 Outstanding at January 1, 2020 2,004,318 $ 1.72 $ 2,542,361 Granted 860,465 2.38 Exercised (7,166 ) 0.79 6,523 Forfeited (261,917 ) 1.90 134,070 Outstanding at December 31, 2020 2,595,700 $ 1.92 7.60 $ 2,491,026 Vested and exercisable at December 31, 2020 1,730,198 $ 1.90 7.82 $ 1.967,071 The weighted average grant date fair value of options granted during twelve-month period ended December 31, 2021 and December 31, 2020 was $1.75 and $1.47 per share respectively. 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 weighted average assumptions: 2021 2020 Exercise price $ 2.52 $ 2.38 Expected life 5 years 5 years Expected volatility 91.2 % 76 % Dividend yield 0 % 0 % Risk-free interest rate 0.57% 1.07% The expected dividend yield is based on the Company’s historical dividend yield. The expected volatility is based on the historical volatility of the Company’s common stock. 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. The fair value of stock options is recognized as compensation expense by the straight-line method over the vesting period. Compensation expense recorded was $1,125,819 and $981,261 for the year ended December 31, 2021 and December 31, 2020, respectively. Unrecognized compensation cost related to non-vested options at December 31, 2021 amounted to approximately $802,271, which is expected to be recognized over a weighted average period of 2.8 years.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	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: 2021 2020 Federal tax at statutory rate $ 852,198 $ 67,862 State tax, net of federal tax (487,093 ) 29,866 Permanent differences (259,967 ) 126,301 Change in statutory rate 59,168 (69,835 ) Change in valuation allowance 614,112 522,738 Other 6,892 (13,882 ) Expense for income taxes $ 785,310 $ 663,050 Tax affected components of deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 were as follows: 2021 2020 Deferred tax assets (liabilities): Equity based compensation $ 479,956 $ 368,000 Allowance for doubtful accounts 6,847,189 5,527,000 Fixed assets (8,085,957 ) 256,000 Lease impairment 423,022 587,000 Lease Liability 481,312 526,000 Right of use asset (383,924 ) (425,000 ) Tax credit carryforward 32,394 32,000 Federal loss carry-forwards 11,838,840 4,779,000 State loss carry forward 343,914 161,000 Other (53,414 ) (6,000 ) Gross deferred tax 11,923,332 11,805,000 Valuation allowance (12,418,498 ) (11,805,000 ) Net deferred tax liability $ (495,166 ) $ - Based on consideration of the available evidence, including historical losses, a valuation allowance has been recognized to offset certain deferred tax assets, as management was unable to conclude that realization of deferred tax assets were more likely than not. As of December 31, 2021, the Company has federal and state net operating loss carryforwards of approximately $56,375,431 and $4,878,909, respectively, available to offset future income. Our federal loss carryforwards do not expire. The components of income tax expense (benefits) for the years ended December 31, 2021 and 2020 were as follows: 2021 2020 Current Income Tax: Federal $ - $ - State 290,144 663,050 Deferred Income Tax: Federal 495,166 - Sate - - $ 785,310 $ 663,050 The Company’s effective tax rate for the year ended December 31, 2021 and 2020 differs from the statutory rate of 21% primarily due to a valuation allowance applied against the Company’s net deferred tax assets. State taxes and permanent differences also impacted the effective tax rate. The Company accrued a $290,144 current state income tax expense for the year ended December 31, 2021 for certain states in which taxable income exceeded available net operating loss carryforwards. The Company files tax returns in the U.S. federal jurisdiction and various states. At December 31, 2021, federal tax returns remained open for Internal Revenue Service review for tax years after 2017, while state tax returns remain open for review by state taxing authorities for tax years after 2017. The IRS can examine net operating loss carryforwards from earlier years the extent utilized in years after 2017. During 2019, the Company was notified that its 2017 federal income tax return was selected for examination. In the second quarter of 2021, the IRS completed their review with no changes to the reported tax.. There were no other federal or state income tax audits being conducted as of December 31, 2021. The Company completed its analysis and review of all tax positions taken through December 31, 2021 and does not believe that there are any unrecognized tax benefits related to tax positions taken on its income tax returns.

Exchange Offer of Warrants

Exchange Offer of Warrants	12 Months Ended
	Dec. 31, 2021
Exchange Offer Of Warrants [Abstract]
EXCHANGE OFFER OF WARRANTS	10. EXCHANGE OFFER OF WARRANTS On February 4, 2020, the Company completed an exchange offer relating to its outstanding public warrants, in which the holders of the public warrants were offered 0.62 shares of common stock for each outstanding warrant tendered (the “Warrant Exchange Offer”). In total, 5,351,290 warrants were exchanged for 3,317,812 shares of common stock in accordance with the Warrant Exchange Offer. On February 19, 2020, the Company exchanged all remaining untendered public warrants for common stock at a rate of 0.56 shares per public warrant in accordance with the terms of the Warrant Agreement (the “Mandatory Conversion of Warrants”). In total 258,610 warrants were exchanged for 144,871 shares in this transaction. As a result of these transactions, the Company recognized in the year ended December 31, 2020 a deemed dividend of $713,212 resulting from the excess of the fair value of the common stock over the intrinsic value of the warrants.

Contingencies and Other Uncerta

Contingencies and Other Uncertainties	12 Months Ended
	Dec. 31, 2021
Loss Contingency [Abstract]
CONTINGENCIES AND OTHER UNCERTAINTIES	11. CONTINGENCIES AND OTHER UNCERTAINTIES Regulatory inquiries In the first quarter of 2021, FlexShopper, along with a number of other lease-to-own companies, received a subpoena from the California Department of Financial Protection and Innovation (the “DFPI”) requesting the production of documents and information regarding the Company’s compliance with state consumer protection laws. The Company is cooperatively engaging with the DFPI in response to its inquiry. Although the Company believes it is in compliance with all applicable consumer protection laws and regulations in California, this inquiry ultimately could lead to an enforcement action and/or a consent order, and substantial costs, including legal fees, fines, penalties, and remediation expenses. COVID-19 The extent of the impact and effects of the recent outbreak of the coronavirus (COVID-19) on the operation and financial performance of our business will depend on future developments, including the duration and spread of the outbreak, the recovery time of the disrupted supply chains, or the uncertainty with respect to the accessibility of additional liquidity or capital markets, all of which are highly uncertain and cannot be predicted. If the demand for the Company’s leases is impacted by this outbreak for an extended period, our results of operations may be materially adversely affected.

Promissory Note- Paycheck Prote

Promissory Note- Paycheck Protection Program	12 Months Ended
	Dec. 31, 2021
Paycheck Protection Program [Abstract]
PROMISSORY NOTE- PAYCHECK PROTECTION PROGRAM	12. PROMISSORY NOTE- PAYCHECK PROTECTION PROGRAM FlexShopper, LLC (the “Borrower”) applied for and received a loan (the “Loan”) on May 4, 2020, from Customers Bank (the “Lender”) in the principal amount of $1,914,100, pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted March 27, 2020, and administered through the U.S. Small Business Administration. The Loan was evidenced by a promissory note (the “Note”), dated April 30, 2020, issued by the Borrower to the Lender. The Note matured on April 30, 2022, and bore interest at the rate of 1.00% per annum, payable monthly commencing on November 30, 2020, following an initial deferral period as specified under the PPP. The Note might be prepaid by the Borrower at any time prior to maturity with no prepayment penalty. Proceeds from the Loan were available to the Borrower to fund designated expenses, including certain payroll costs, group health care benefits and other permitted expenses, in accordance with the PPP. Under the terms of the PPP, up to the entire sum of the principal amount and accrued interest might be forgiven to the extent the Loan proceeds were used for qualifying expenses as described in the CARES Act and applicable implementing guidance issued by the U.S. Small Business Administration under the PPP. On June 21, 2021 we were notified that effective April 7, 2021, the U.S. Small Business Administration confirmed the waiver of FlexShopper’s repayment of a $1,914,000 Paycheck Protection Program promissory note issued to the Company on May 4, 2020. As a result of the PPP promissory note forgiveness, the Company recognized in the year ended December 31, 2021 a gain from the extinguishment of the loan, including accrued interest, of $1,931,825.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS Prommissory Notes- Related Parties FlexShopper, LLC, previously entered into a commitment letter agreement with NRNS Capital Holdings LLC (“NRNS”) pursuant to which FlexShopper LLC issued a subordinated promissory note to NRNS (the “NRNS Note”) (See Note 5). On February 2, 2022, FlexShopper, LLC executed an amendment to the NRNS Note. This amendment extended the maturity date from April 1, 2022 to July 1, 2024 and increased the credit commitment from $3,750,000 (the principal amount which was outstanding as of December 31, 2021) to $11,000,000. No other changes were made to the NRNS Note. Loan Payable Under Credit Agreement On March 6, 2015, the Company, through a wholly-owned subsidiary (the “Borrower”), entered into a credit agreement (as amended and supplemented from time to time, 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, an affiliate of Waterfall Asset Management, LLC, as administrative agent and lender. See Note 6 On March 8, 2022, pursuant to Amendment No. 15 to Credit Agreement, the Commitment Amount was increased to be up to $82,500,000. The incremental increase in the Commitment Amount was provided by WE 2022-1, LLC, as an additional lender under the Credit Agreement. WE 2022-1, LLC is an affiliate of Waterfall Asset Management, LLC. No other changes were made to the Credit Agreement.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation -
Estimates	Estimates
Revenue Recognition	Revenue Recognition
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts - December 31, December 31, Accounts receivable $ 57,602,269 $ 32,171,255 Allowance for doubtful accounts (27,703,278 ) (22,138,541 ) Accounts receivable, net $ 29,898,991 $ 10,032,714 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. As the lease ages, the greater the allowance attributable to that account to reflect the decreased likelihood of successful collection efforts. Accounts receivable balances charged off against the allowance were $34,924,803 for the year ended December 31, 2021 respectively and $19,769,114 for the year ended December 31, 2020, respectively. During the years ended December 31, 2021 and 2020, the provision for bad debt was $40,489,540 and $31,930,714, respectively. The following table shows the activity in the allowance for doubtful accounts: December 31, December 31, Beginning balance $ 22,138,541 $ 9,976,941 Provision 40,489,540 31,930,714 Accounts written off (34,924,803 ) (19,769,114 ) Ending balance $ 27,703,278 $ 22,138,541
Lease Merchandise	Lease Merchandise - The net leased merchandise balances consisted of the following as of December 31, 2021 and December 31, 2020: December 31, December 31, Lease merchandise at cost $ 72,159,063 $ 64,335,971 Accumulated depreciation (29,505,431 ) (19,162,357 ) Impairment reserve (1,711,520 ) (2,351,274 ) Lease merchandise, net $ 40,942,112 $ 42,822,340 Cost of lease merchandise sold represents the undepreciated cost of rental merchandise at the time of sale.
Lease accounting	Lease accounting The Company accounts for leases in accordance with Accounting Standards Codification (ASC) Topic 842 Leases (Topic 842). Under Topic 842, lessees are required to recognize for all leases at the commencement date as 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. Under the same Topic, lessors are also required to classify leases. All customer agreements are considered operating leases, and the Company currently does not have any sales-type or direct financing leases as a lessor. An operating lease results in the recognition of lease income on a straight-line basis, while the underlying leased asset remains on the lessor’s balance sheet and continues to depreciate. The breakout of lease revenues and fees, net of lessor bad debt expense, is shown below: Year ended 2021 2020 Lease billings and accruals $ 158,844,724 $ 128,870,481 Provision for doubtful accounts (40,489,540 ) (31,930,714 ) Lease revenues and fees $ 118,355,184 $ 96,939,767
Deferred Debt Issuance Costs	Deferred Debt Issuance Costs Debt issuance costs incurred in conjunction with the subordinated Promissory Notes (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 $7,002 and $21,885 for the years ended December 31, 2021 and 2020, respectively.
Intangible Assets	Intangible Assets -
Software Costs	Software Costs -
Data Costs	Data Costs Capitalized data costs amounted to $884,160 for the year ended December 31, 2021. Capitalized data costs amortization expense was $86,717 for the years ended December 31, 2021.
Operating Expenses	Operating Expenses -
Marketing Costs	Marketing Costs -
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 income/ (loss) per share for the year ended December 31, 2021 and the year ended December 31, 2020, no effect has been given to the issuance of common stock upon conversion or exercise of the Series 2 Convertible Preferred stock as their effect is anti-dilutive. Year ended December 31, 2021 2020 Series 1 Convertible Preferred Stock 225,231 225,231 Series 2 Convertible Preferred Stock 5,845,695 5,845,695 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 116,903 116,903 Common Stock Options 3,080,904 2,595,700 Common Stock Warrants 2,255,184 2,112,488 11,523,917 10,896,017 The following table sets forth the computation of basic and diluted earnings per common share for the year ended December 31, 2021 and 2020: Year ended December 31, 2021 2020 Numerator Net income/(loss) $ 3,272,774 (339,896 ) Convertible Series 2 Preferred Share dividends (2,439,099 ) (2,438,988 ) Net income/(loss) attributable to common and Series 1 Convertible Preferred Stock 833,675 (2,778,884 ) Deemed dividend from exchange offer of warrants - (713,212 ) Convertible Series 2 Preferred Share dividends attributable to Series 1 Convertible Preferred Stock 25,418 - Net income attributable to Series 1 Convertible Preferred Stock (34,106 ) - Net income/(loss) attributable to common shares - Numerator for basic and diluted EPS $ 824,987 (3,492,096 ) Denominator Weighted average of common shares outstanding- Denominator for basic EPS 21,387,960 20,995,349 Effect of dilutive securities: Common stock options 978,978 - Common stock warrants 861,026 - Denominator for diluted EPS – adjusted weighted average shares 23,227,964 20,995,349 Basic EPS $ 0.04 (0.17 ) Diluted EPS $ 0.04 (0.17 )
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 recognized on a straight-line basis over the vesting period. The Company has 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	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 December 30, 2021, and 2020, 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	Recent Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update No. 2016-13, as amended “Financial Instruments - Credit Losses (Topic 326)” revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. The effective date of Topic 326 for public companies that are considered smaller reporting companies as defined by the SEC as for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is planning to adopt this standard on January 1, 2023.While the Company is continuing to assess the potential effects of adopting the provisions of Topic 326, it does not expect to have a material effect, if any, on its Consolidated Financial Statements, as this Topic does not cover operating leases receivables. In March 2020, the FASB issued guidance codified in ASU 2020-04 and ASU 2021-01, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective for the Company as of March 12, 2020 through December 31, 2022. An entity can elect to apply the amendments as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to that date that the financial statements are available to be issued. The Company is currently evaluating the optional expedients and exceptions provided by ASU 2020-04 to determine the impact on its consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of accounts receivable	December 31, December 31, Accounts receivable $ 57,602,269 $ 32,171,255 Allowance for doubtful accounts (27,703,278 ) (22,138,541 ) Accounts receivable, net $ 29,898,991 $ 10,032,714
Schedule of allowance for doubtful accounts	December 31, December 31, Beginning balance $ 22,138,541 $ 9,976,941 Provision 40,489,540 31,930,714 Accounts written off (34,924,803 ) (19,769,114 ) Ending balance $ 27,703,278 $ 22,138,541
Schedule of net leased merchandise	December 31, December 31, Lease merchandise at cost $ 72,159,063 $ 64,335,971 Accumulated depreciation (29,505,431 ) (19,162,357 ) Impairment reserve (1,711,520 ) (2,351,274 ) Lease merchandise, net $ 40,942,112 $ 42,822,340
Schedule of lease revenues and fees	Year ended 2021 2020 Lease billings and accruals $ 158,844,724 $ 128,870,481 Provision for doubtful accounts (40,489,540 ) (31,930,714 ) Lease revenues and fees $ 118,355,184 $ 96,939,767
Schedule of anti-dilutive securities excluded from computation of earnings per share	Year ended December 31, 2021 2020 Series 1 Convertible Preferred Stock 225,231 225,231 Series 2 Convertible Preferred Stock 5,845,695 5,845,695 Series 2 Convertible Preferred Stock issuable upon exercise of warrants 116,903 116,903 Common Stock Options 3,080,904 2,595,700 Common Stock Warrants 2,255,184 2,112,488 11,523,917 10,896,017
Schedule of basic and diluted earnings per share	Year ended December 31, 2021 2020 Numerator Net income/(loss) $ 3,272,774 (339,896 ) Convertible Series 2 Preferred Share dividends (2,439,099 ) (2,438,988 ) Net income/(loss) attributable to common and Series 1 Convertible Preferred Stock 833,675 (2,778,884 ) Deemed dividend from exchange offer of warrants - (713,212 ) Convertible Series 2 Preferred Share dividends attributable to Series 1 Convertible Preferred Stock 25,418 - Net income attributable to Series 1 Convertible Preferred Stock (34,106 ) - Net income/(loss) attributable to common shares - Numerator for basic and diluted EPS $ 824,987 (3,492,096 ) Denominator Weighted average of common shares outstanding- Denominator for basic EPS 21,387,960 20,995,349 Effect of dilutive securities: Common stock options 978,978 - Common stock warrants 861,026 - Denominator for diluted EPS – adjusted weighted average shares 23,227,964 20,995,349 Basic EPS $ 0.04 (0.17 ) Diluted EPS $ 0.04 (0.17 )

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of the future minimum annual lease payments	2022 $ 472,000 2023 427,000 2024 435,000 2025 443,000 2026 456,000 Thereafter 774,000 $ 3,007,000
Schedule of balance sheet information related to leases	Balance Sheet Classification December 31, December 31, Assets Operating Lease Asset Property and Equipment, net $ 1,534,512 $ 1,673,432 Finance Lease Asset Property and Equipment, net 18,818 27,106 Total Lease Assets $ 1,553,330 $ 1,700,538 Liabilities Operating Lease Liability – current portion Current Lease Liabilities $ 163,939 $ 153,019 Finance Lease Liability – current portion Current Lease Liabilities 8,793 7,707 Operating Lease Liability – net of current portion Long Term Lease Liabilities 1,761,558 1,925,498 Finance Lease Liability – net of current portion Long Term Lease Liabilities 13,065 21,857 Total Lease Liabilities $ 1,947,355 $ 2,108,081
Schedule of weighted-average discount rate and weighted-average remaining lease term	Weighted Weighted Operating Leases 13.03 % 7 Finance Leases 13.32 % 2
Schedule of supplemental cash flow information related to operating leases	Year ended December 30, 2021 2020 Cash payments for operating leases $ 400,771 $ 221,433 Cash payments for finance leases 11,184 11,049 New finance lease asset obtained in exchange for lease liabilities - 4,033
Schedule of undiscounted operating lease liabilities	Operating 2022 $ 405,443 2023 417,606 2024 430,134 2025 443,038 2026 456,330 2027 and thereafter 773,594 Total undiscounted cash flows 2,926,145 Less: interest (1,000,648 ) Present value of lease liabilities $ 1,925,497
Schedule of undiscounted finance lease liabilities	Finance 2022 $ 11,184 2023 9,699 2024 4,782 Total undiscounted cash flows 25,665 Less: interest (3,807) Present value of lease liabilities $ 21,858

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Estimated December 31, December 31, Furniture, fixtures and vehicle 2-5 years $ 391,669 $ 303,285 Website, internal use software and data cost 3 years 16,186,179 12,489,441 Computers and software 3-7 years 2,281,975 1,121,914 18,859,823 13,914,640 Less: accumulated depreciation and amortization (12,571,947 ) (9,703,482 ) Right of use assets, net 1,553,330 1,700,538 $ 7,841,206 $ 5,911,696

Promissory Notes-Related Part_2

Promissory Notes-Related Parties (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of amounts payable under the promissory notes	Debt Interest 2022 $ 1,000,000 $ 54,362 2024 $ 3,750,000 —

Loan Payable Under Credit Agr_2

Loan Payable Under Credit Agreement (Tables)	12 Months Ended
	Dec. 31, 2021
Loan Payable Disclosure [Abstract]
Schedule of covenant requirements, and flexshopper's actual results	December 31, Required Actual Equity Book Value not less than $ 8,000,000 $ 16,143,619 Liquidity greater than 1,500,000 5,094,642 Cash greater than 500,000 5,094,642 Consolidated Total Debt to Equity Book Value ratio not to exceed 5.25 3.40

Capital Structure (Tables)

Capital Structure (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of weighted average valuation	Warrants Expense Grant date fair value Grant Date Granted Recorded Per Warrant January 31, 2021 40,000 $ 73,595 $ 1.84 February 29, 2021 40,000 76,318 1.91 March 31, 2021 40,000 63,010 1.58 April 30, 2021 40,000 60,542 1.51 May 31, 2021 40,000 63,156 1.58 June 30, 2021 40,000 68,228 1.71 July 31, 2021 40,000 55,658 1.39 August 31, 2021 40,000 62,301 1.56 320,000 522,808 1.63 Warrants Expense Valuation Grant Date Granted Recorded Per Warrant January 31, 2020 40,000 $ 16,503 $ 0.41 February 29, 2020 40,000 $ 18,727 $ 0.47 March 31, 2020 40,000 $ 8,769 $ 0.22 April 30, 2020 40,000 $ 25,412 $ 0.64 May 31, 2020 40,000 $ 33,388 $ 0.83 June 30, 2020 40,000 $ 36,681 $ 0.92 July 31, 2020 40,000 $ 29,587 $ 0.74 August 31, 2020 40,000 $ 46,744 $ 1.17 September 30, 2020 40,000 $ 43,229 $ 1.08 October 31,2020 40,000 $ 37,414 $ 0.94 November 30, 2020 40,000 $ 45,883 $ 1.15 December 31, 2020 40,000 $ 65,157 $ 1.63 480,000 $ 407,494 $ 0.85
Schedule of outstanding stock warrants	Exercise Price Common Stock Warrants Outstanding Series 2 Preferred Stock Warrants Outstanding Weighted Average Remaining Contractual Life $ 1.25 1,055,184 2 years $ 1.25 160,000 1 year $ 1.34 40,000 1 year $ 1.40 40,000 1 year $ 1.54 40,000 1 year $ 1.62 40,000 1 year $ 1.68 40,000 3 years $ 1.69 40,000 1 year $ 1.74 40,000 1 year $ 1.76 40,000 1 year $ 1.91 40,000 1 year $ 1.95 40,000 3 years $ 2.00 40,000 1 year $ 2.01 40,000 1 year $ 2.08 40,000 3 years $ 2.45 40,000 1 year $ 2.53 40,000 1 year $ 2.57 40,000 3 years $ 2.70 40,000 4 years $ 2.78 40,000 1 year $ 2.79 40,000 4 years $ 2.89 40,000 4 years $ 2.93 40,000 1 year $ 2.97 40,000 4 years $ 3.09 40,000 4 years $ 3.17 40,000 4 years $ 3.19 40,000 4 years $ 3.27 40,000 4 years $ 1,250 439 * 1 year 2,255,184 439

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of stock option	Number of Weighted Weighted Aggregate Outstanding at January 1, 2021 2,595,700 $ 1.92 $ 2,491,026 Granted 626,238 2.52 74,482 Exercise (82,333 ) 0.83 151,544 Forfeited (58,701 ) 2.65 58,285 Outstanding at December 31, 2021 3,080,904 $ 2.06 6.7 $ 1,923,642 Vested and exercisable at December 31, 2021 2,307,571 $ 2.04 6.9 $ 1,674,967 Outstanding at January 1, 2020 2,004,318 $ 1.72 $ 2,542,361 Granted 860,465 2.38 Exercised (7,166 ) 0.79 6,523 Forfeited (261,917 ) 1.90 134,070 Outstanding at December 31, 2020 2,595,700 $ 1.92 7.60 $ 2,491,026 Vested and exercisable at December 31, 2020 1,730,198 $ 1.90 7.82 $ 1.967,071
Schedule of measured fair value of each option award grant using the black-scholes-merton (BSM) pricing model	2021 2020 Exercise price $ 2.52 $ 2.38 Expected life 5 years 5 years Expected volatility 91.2 % 76 % Dividend yield 0 % 0 % Risk-free interest rate 0.57% 1.07%

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of the benefit for income taxes from continuing operations	2021 2020 Federal tax at statutory rate $ 852,198 $ 67,862 State tax, net of federal tax (487,093 ) 29,866 Permanent differences (259,967 ) 126,301 Change in statutory rate 59,168 (69,835 ) Change in valuation allowance 614,112 522,738 Other 6,892 (13,882 ) Expense for income taxes $ 785,310 $ 663,050
Schedule of deferred tax assets and deferred tax liabilities	2021 2020 Deferred tax assets (liabilities): Equity based compensation $ 479,956 $ 368,000 Allowance for doubtful accounts 6,847,189 5,527,000 Fixed assets (8,085,957 ) 256,000 Lease impairment 423,022 587,000 Lease Liability 481,312 526,000 Right of use asset (383,924 ) (425,000 ) Tax credit carryforward 32,394 32,000 Federal loss carry-forwards 11,838,840 4,779,000 State loss carry forward 343,914 161,000 Other (53,414 ) (6,000 ) Gross deferred tax 11,923,332 11,805,000 Valuation allowance (12,418,498 ) (11,805,000 ) Net deferred tax liability $ (495,166 ) $ -
Schedule of income tax expense (benefits)	2021 2020 Current Income Tax: Federal $ - $ - State 290,144 663,050 Deferred Income Tax: Federal 495,166 - Sate - - $ 785,310 $ 663,050

Business (Details)

Business (Details)	Dec. 31, 2021
Business (Details) [Line Items]
Ownership percentage	100.00%
FlexLending, LLC [Member]
Business (Details) [Line Items]
Ownership percentage	100.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) [Line Items]
Accounts receivable charged off against allowance	$ 34,924,803	$ 19,769,114
Provision for bad debt	$ 40,489,540	31,930,714
Intangible assets, terms	10 years
Amortization of intangible assets	$ 3,076
Capitalized software costs	2,816,939	2,365,612
Capitalized development costs	4,361
Capitalized software amortization expense	2,317,626	2,102,983
Capitalized data costs	884,160
Capitalized data costs amortization expense	$ 86,717
Largest benefit percentage	50.00%
Credit Agreement [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Amortization included in interest expense	$ 213,814	283,912
Promissory Notes [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Amortization included in interest expense	$ 7,002	$ 21,885

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of accounts receivable - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of accounts receivable [Abstract]
Accounts receivable	$ 57,602,269	$ 32,171,255
Allowance for doubtful accounts	(27,703,278)	(22,138,541)
Accounts receivable, net	$ 29,898,991	$ 10,032,714

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of allowance for doubtful accounts - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of allowance for doubtful accounts [Abstract]
Beginning balance	$ 22,138,541	$ 9,976,941
Provision	40,489,540	31,930,714
Accounts written off	(34,924,803)	(19,769,114)
Ending balance	$ 27,703,278	$ 22,138,541

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of net leased merchandise - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of net leased merchandise [Abstract]
Lease merchandise at cost	$ 72,159,063	$ 64,335,971
Accumulated depreciation	(29,505,431)	(19,162,357)
Impairment reserve	(1,711,520)	(2,351,274)
Lease merchandise, net	$ 40,942,112	$ 42,822,340

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of lease revenues and fees - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of lease revenues and fees [Abstract]
Lease billings and accruals	$ 158,844,724	$ 128,870,481
Provision for doubtful accounts	(40,489,540)	(31,930,714)
Lease revenues and fees	$ 118,355,184	$ 96,939,767

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of anti-dilutive securities excluded from computation of earnings per share - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	11,523,917	10,896,017
Common Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	3,080,904	2,595,700
Common Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	2,255,184	2,112,488
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	225,231	225,231
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	5,845,695	5,845,695
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	116,903	116,903

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted earnings per share - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Numerator
Net income/(loss)	$ 3,272,774	$ (339,896)
Convertible Series 2 Preferred Share dividends	(2,439,099)	(2,438,988)
Net income/(loss) attributable to common and Series 1 Convertible Preferred Stock	833,675	(2,778,884)
Deemed dividend from exchange offer of warrants		(713,212)
Convertible Series 2 Preferred Share dividends attributable to Series 1 Convertible Preferred Stock	25,418
Net income attributable to Series 1 Convertible Preferred Stock	(34,106)
Net income/(loss) attributable to common shares - Numerator for basic and diluted EPS	$ 824,987	$ (3,492,096)
Denominator
Weighted average of common shares outstanding- Denominator for basic EPS (in Shares)	21,387,960	20,995,349
Common stock options (in Shares)	978,978
Common stock warrants (in Shares)	861,026
Denominator for diluted EPS – adjusted weighted average shares (in Shares)	23,227,964	20,995,349
Basic EPS (in Dollars per share)	$ 0.04	$ (0.17)
Diluted EPS (in Dollars per share)	$ 0.04	$ (0.17)

Leases (Details)

Leases (Details)	Jan. 31, 2019USD ($)m²	Sep. 30, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Leases [Abstract]
Monthly rent			$ 2,300
Term of lease	108 months		12 months
Area of land (in Square Meters) | m²	21,622
Exercise of stock options into common stock	$ 31,500
Annual percentage	3.00%
Monthly rent		$ 6,900
Rental expense		$ 679,000		$ 688,000
Operating lease costs			$ 401,463	$ 433,654

Leases (Details) - Schedule of

Leases (Details) - Schedule of the future minimum annual lease payments	Dec. 31, 2021USD ($)
Schedule of the future minimum annual lease payments [Abstract]
2022	$ 472,000
2023	427,000
2024	435,000
2025	443,000
2026	456,000
Thereafter	774,000
Total	$ 3,007,000

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of balance sheet information related to leases - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Assets
Total Lease Assets	$ 1,553,330	$ 1,700,538
Liabilities
Total Lease Liabilities	$ 1,947,355	2,108,081
Current Lease Liabilities [Member]
Liabilities
Balance Sheet Classification, Operating Lease Liability - current portion	Current Lease Liabilities
Operating Lease Liability - current portion	$ 163,939	153,019
Balance Sheet Classification, Finance Lease Liability - current portion	Current Lease Liabilities
Finance Lease Liability - current portion	$ 8,793	7,707
Long Term Lease Liabilities [Member]
Liabilities
Balance Sheet Classification, Operating Lease Liability - net of current portion	Long Term Lease Liabilities
Operating Lease Liability - net of current portion	$ 1,761,558	1,925,498
Balance Sheet Classification, Finance Lease Liability - net of current portion	Long Term Lease Liabilities
Finance Lease Liability - net of current portion	$ 13,065	21,857
Property and Equipment, net [Member]
Assets
Balance Sheet Classification, Operating Lease Asset	Property and Equipment, net
Operating Lease Asset	$ 1,534,512	1,673,432
Balance Sheet Classification, Finance Lease Asset	Property and Equipment, net
Finance Lease Asset	$ 18,818	$ 27,106

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of weighted-average discount rate and weighted-average remaining lease term	Dec. 31, 2021
Operating Leases [Member]
Leases (Details) - Schedule of weighted-average discount rate and weighted-average remaining lease term [Line Items]
Weighted Average Discount Rate	13.03%
Weighted Average Remaining Lease Term (in years)	7 years
Finance Leases [Member]
Leases (Details) - Schedule of weighted-average discount rate and weighted-average remaining lease term [Line Items]
Weighted Average Discount Rate	13.32%
Weighted Average Remaining Lease Term (in years)	2 years

Leases (Details) - Schedule o_4

Leases (Details) - Schedule of supplemental cash flow information related to operating leases - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of supplemental cash flow information related to operating leases [Abstract]
Cash payments for operating leases	$ 400,771	$ 221,433
Cash payments for finance leases	11,184	11,049
New finance lease asset obtained in exchange for lease liabilities		$ 4,033

Leases (Details) - Schedule o_5

Leases (Details) - Schedule of undiscounted operating lease liabilities	Dec. 31, 2021USD ($)
Schedule of undiscounted operating lease liabilities [Abstract]
2022	$ 405,443
2023	417,606
2024	430,134
2025	443,038
2026	456,330
2027 and thereafter	773,594
Total undiscounted cash flows	2,926,145
Less: interest	(1,000,648)
Present value of lease liabilities	$ 1,925,497

Leases (Details) - Schedule o_6

Leases (Details) - Schedule of undiscounted finance lease liabilities - Finance Leases [Member]	Dec. 31, 2021USD ($)
Leases (Details) - Schedule of undiscounted finance lease liabilities [Line Items]
2022	$ 11,184
2023	9,699
2024	4,782
Total undiscounted cash flows	25,665
Less: interest	(3,807)
Present value of lease liabilities	$ 21,858

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 2,872,826	$ 2,268,211

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 18,859,823	$ 13,914,640
Property plant and equipment other accumulated depreciation	(12,571,947)	(9,703,482)
Right of use assets, net	1,553,330	1,700,538
Property and equipment, net	7,841,206	5,911,696
Furniture, fixtures and vehicle [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 391,669	303,285
Website, internal use software and data cost [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Property and equipment, gross	$ 16,186,179	12,489,441
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,281,975	$ 1,121,914
Minimum [Member] | Furniture, fixtures and vehicle [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Minimum [Member] | Computers and software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Maximum [Member] | Furniture, fixtures and vehicle [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Maximum [Member] | Computers and software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years

Promissory Notes-Related Part_3

Promissory Notes-Related Parties (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 30, 2022	Mar. 22, 2021	Dec. 31, 2021	Dec. 31, 2020	Jan. 25, 2019
Promissory Notes-Related Parties (Details) [Line Items]
Principal accrued unpaid interestoutstanding			$ 1,011,439	$ 1,015,510
Interests paid			148,011	165,280
Interests expensed			$ 143,940	165,409
Description of notes		This last amendment extended the maturity date from April 1, 2022 to July 1, 2024 and increased the credit commitment from $3,750,000 to $11,000,000.
Maturity term	the Company is finalizing an amendment to the 122 Partner Note to extend the maturity date for one more year.
Chief Financial Officer [Member]
Promissory Notes-Related Parties (Details) [Line Items]
Principal amount					$ 1,000,000
Bear interest rate			5.00%
Nrns [Member]
Promissory Notes-Related Parties (Details) [Line Items]
Principal amount			$ 3,750,000
Bear interest rate			5.00%
Principal accrued unpaid interestoutstanding			$ 3,792,923	3,808,312
Interests paid			555,749	619,961
Interests expensed			$ 540,360	$ 620,581

Promissory Notes-Related Part_4

Promissory Notes-Related Parties (Details) - Schedule of amounts payable under the promissory notes	12 Months Ended
	Dec. 31, 2021USD ($)
2022 [Member]
Promissory Notes-Related Parties (Details) - Schedule of amounts payable under the promissory notes [Line Items]
Debt Principal	$ 1,000,000
Interest	54,362
2024 [Member]
Promissory Notes-Related Parties (Details) - Schedule of amounts payable under the promissory notes [Line Items]
Debt Principal	3,750,000
Interest

Loan Payable Under Credit Agr_3

Loan Payable Under Credit Agreement (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Mar. 06, 2015
Loan Payable Under Credit Agreement (Details) [Line Items]
Unamortized issuance costs		$ 413,076	$ 61,617
Credit Agreement [Member]
Loan Payable Under Credit Agreement (Details) [Line Items]
Borrow from lender				$ 57,500,000
Description of credit facility	This Amendment extended the Commitment Termination Date to April 1, 2024, amended other covenant requirements, partially removed indebtedness covenants and amended eligibility rules.
Interest rate	11.00%
Bear interest rate		11.25%
Credity availability		$ 5,268,566
Interest expense		4,323,830	3,192,019
Outstanding balance under credit agreement		$ 50,475,000	$ 37,195,696

Loan Payable Under Credit Agr_4

Loan Payable Under Credit Agreement (Details) - Schedule of covenant requirements, and flexshopper's actual results	12 Months Ended
	Dec. 31, 2021USD ($)
Required Covenant [Member]
Loan Payable Under Credit Agreement (Details) - Schedule of covenant requirements, and flexshopper's actual results [Line Items]
Equity Book Value not less than	$ 8,000,000
Liquidity greater than	1,500,000
Cash greater than	$ 500,000
Consolidated Total Debt to Equity Book Value ratio not to exceed	5.25
Actual Position [Member]
Loan Payable Under Credit Agreement (Details) - Schedule of covenant requirements, and flexshopper's actual results [Line Items]
Equity Book Value not less than	$ 16,143,619
Liquidity greater than	5,094,642
Cash greater than	$ 5,094,642
Consolidated Total Debt to Equity Book Value ratio not to exceed	3.4

Capital Structure (Details)

Capital Structure (Details) - USD ($)	1 Months Ended		12 Months Ended
	Sep. 30, 2018	Jun. 30, 2016	Dec. 31, 2021
Capital Structure (Details) [Line Items]
Valuation expenses (in Dollars)			$ 407,494
Weighted average grant date fair value (in Dollars per share)			$ 0.85
Warrant convertible into common stock			116,903
Warrant [Member]
Capital Structure (Details) [Line Items]
Warrants exercisable for shares of common stock	5,750,000		1,055,184
Warrant exercise price (in Dollars per share)	$ 1.25		$ 1.25
Description of warrants expiration	The warrants were immediately exercisable and expire five years from the date of issuance.		The warrants are exercisable at $1.25 per share of common stock and expire on September 28, 2023.
Issuance of warrants			40,000
Valuation expenses (in Dollars)			$ 522,808
Weighted average grant date fair value (in Dollars per share)			$ 1.63
Preferred Stock [Member]
Capital Structure (Details) [Line Items]
Preferred stock, shares authorized			500,000
Preferred stock, par value (in Dollars per share)			$ 0.001
Common Stock [Member]
Capital Structure (Details) [Line Items]
Common stock price (in Dollars per share)			$ 23
Convertible preferred stock, terms of conversion, description			The Company is authorized to issue 40,000,000 shares of common stock, par value $0.0001 per share. Each share of common stock entitles the holder to one vote at all stockholder meetings.
Common stock, share authorized			40,000,000
Common stock par or stated per share value (in Dollars per share)			$ 0.0001
Consulting Agreement [Member]
Capital Structure (Details) [Line Items]
Warrant exercise price (in Dollars per share)			$ 1.6
Warrants expiration period			4 years
Consulting Agreement [Member] | Warrant [Member]
Capital Structure (Details) [Line Items]
Warrant exercise price (in Dollars per share)			$ 1.25
Description of warrants expiration			The warrants are immediately exercisable and expire following the close of business on June 30, 2023.
Warrant, description			As part of a consulting agreement with XLR8 Capital Partners LLC (the “Consulting Agreement”), an entity of which the Company’s Chairman is manager, the Company agreed to issue 40,000 warrants to XLR8 Capital Partners LLC monthly for 12 months beginning on March 1, 2019 at an exercise price of $1.25 per share or, if the closing share price on the last day of the month exceeds $1.25, then such exercise price will be 110% of the closing share price.
Series 1 Convertible Preferred Stock [Member]
Capital Structure (Details) [Line Items]
Preferred stock conversion basis, description			As of December 31, 2021, each share of Series 1 Convertible Preferred Stock was convertible into 1.32230 shares of the Company’s common stock, subject to certain anti-dilution rights.
Convertible preferred stock, terms of conversion, description			As of December 31, 2021, there were 170,332 shares of Series 1 Convertible Preferred Stock outstanding, which were convertible into 225,231 shares of common stock.
Series 1 Convertible Preferred Stock [Member] | Preferred Stock [Member]
Capital Structure (Details) [Line Items]
Preferred stock, shares authorized			250,000
Series 2 Convertible Preferred Stock [Member]
Capital Structure (Details) [Line Items]
Preferred stock, designated			25,000
Convertible preferred stock, shares issued upon conversion			20,000
Proceeds from sale of stock (in Dollars)			$ 20,000,000
Additional sale of shares			1,952
Gross proceeds (in Dollars)			$ 1,950,000
Preferred shares sold per share (in Dollars per share)			$ 1,000
Stated value, percentage			10.00%
Cumulative accrued dividends (in Dollars)			$ 13,271,173
Preferred stock conversion into common stock, shares			266
Description of warrants expiration		In connection with the issuance of Series 2 Convertible Preferred Stock in June 2016, the Company issued to the placement agent in such offering warrants exercisable for 439 shares of Series 2 Convertible Preferred Stock at an initial exercise price of $1,250 per share, which expire seven years after the date of issuance.

Capital Structure (Details) - S

Capital Structure (Details) - Schedule of weighted average valuation - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	320,000	480,000
Expense Recorded	$ 522,808	$ 407,494
Grant date fair value Per Warrant	$ 1.63	$ 0.85
Warrant [Member] | January 31, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 73,595
Grant date fair value Per Warrant	$ 1.84
Warrant [Member] | February 29, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 76,318
Grant date fair value Per Warrant	$ 1.91
Warrant [Member] | March 31, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 63,010
Grant date fair value Per Warrant	$ 1.58
Warrant [Member] | April 30, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 60,542
Grant date fair value Per Warrant	$ 1.51
Warrant [Member] | May 31, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 63,156
Grant date fair value Per Warrant	$ 1.58
Warrant [Member] | June 30, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 68,228
Grant date fair value Per Warrant	$ 1.71
Warrant [Member] | July 31, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 55,658
Grant date fair value Per Warrant	$ 1.39
Warrant [Member] | August 31, 2021 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted	40,000
Expense Recorded	$ 62,301
Grant date fair value Per Warrant	$ 1.56
Warrant [Member] | January 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 16,503
Grant date fair value Per Warrant		$ 0.41
Warrant [Member] | February 29, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 18,727
Grant date fair value Per Warrant		$ 0.47
Warrant [Member] | March 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 8,769
Grant date fair value Per Warrant		$ 0.22
Warrant [Member] | April 30, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 25,412
Grant date fair value Per Warrant		$ 0.64
Warrant [Member] | May 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 33,388
Grant date fair value Per Warrant		$ 0.83
Warrant [Member] | June 30, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 36,681
Grant date fair value Per Warrant		$ 0.92
Warrant [Member] | July 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 29,587
Grant date fair value Per Warrant		$ 0.74
Warrant [Member] | August 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 46,744
Grant date fair value Per Warrant		$ 1.17
Warrant [Member] | September 30, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 43,229
Grant date fair value Per Warrant		$ 1.08
Warrant [Member] | October 31,2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 37,414
Grant date fair value Per Warrant		$ 0.94
Warrant [Member] | November 30, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 45,883
Grant date fair value Per Warrant		$ 1.15
Warrant [Member] | December 31, 2020 [Member]
Capital Structure (Details) - Schedule of weighted average valuation [Line Items]
Warrants Granted		40,000
Expense Recorded		$ 65,157
Grant date fair value Per Warrant		$ 1.63

Capital Structure (Details) -_2

Capital Structure (Details) - Schedule of outstanding stock warrants - Warrant [Member]	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Class of Warrant or Right [Line Items]
Common Stock Warrants Outstanding	2,255,184
Series 2 Preferred Stock Warrants Outstanding	439
Exercise Price 1.25 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.25
Common Stock Warrants Outstanding	1,055,184
Weighted Average Remaining Contractual Life	2 years
Exercise Price 1.25 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.25
Common Stock Warrants Outstanding	160,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.34 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.34
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.40 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.4
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.54 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.54
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.62 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.62
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.68 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.68
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	3 years
Exercise Price 1.69 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.69
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.74 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.74
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.76 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.76
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.91 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.91
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 1.95 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1.95
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	3 years
Exercise Price 2.00 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.01 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.01
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.08 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.08
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	3 years
Exercise Price 2.45 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.45
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.53 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.53
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.57 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.57
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	3 years
Exercise Price 2.70 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.7
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 2.78 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.78
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.79 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.79
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 2.89 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.89
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 2.93 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.93
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	1 year
Exercise Price 2.97 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 2.97
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 3.09 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 3.09
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 3.17 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 3.17
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 3.89 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 3.19
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 3.27 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 3.27
Common Stock Warrants Outstanding	40,000
Weighted Average Remaining Contractual Life	4 years
Exercise Price 1,250 [Member]
Class of Warrant or Right [Line Items]
Exercise Price (in Dollars per share) | $ / shares	$ 1,250
Series 2 Preferred Stock Warrants Outstanding	439	[1]
Weighted Average Remaining Contractual Life	1 year
[1]	At December 31, 2021, these warrants were convertible into 116,903 shares of common stock

Stock Options (Details)

Stock Options (Details) - USD ($)	Jun. 09, 2021	Jun. 10, 2020	May 02, 2019	Dec. 31, 2021	Dec. 31, 2020	Apr. 26, 2018
Stock Options (Details) [Line Items]
Stock options granted period, description	On June 9, 2021, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 2,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 2,000,000 shares.	On June 10, 2020, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares.	On May 2, 2019, the Company’s stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as “incentive stock options” within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares.
Plan vest over period, description				Options granted under the 2018 Plan and the Prior Plans vest over periods ranging from immediately upon grant to a five-year period and expire ten years from date of grant.
Issuance of shares				2,457,000
Weighted average grant date fair value of options granted				$ 1.75	$ 1.47
Compensation expense				$ 1,125,819	$ 981,261
Unrecognized compensation cost related to non-vested options				$ 802,271
Weighted average period				2 years 9 months 18 days
2018 Omnibus Equity Compensation Plan [Member]
Stock Options (Details) [Line Items]
Number of common stock available for issuance						1,057,000

Stock Options (Details) - Sched

Stock Options (Details) - Schedule of stock option - USD ($)	Jan. 01, 2021	Dec. 31, 2021	Dec. 31, 2020
Schedule of stock option [Abstract]
Number of options Outstanding beginning (in Shares)	2,595,700	2,595,700	2,004,318
Weighted average exercise price Outstanding beginning	$ 1.92	$ 1.92	$ 1.72
Weighted average contractual term (years) Outstanding beginning
Aggregate intrinsic value Outstanding beginning (in Dollars)	$ 2,491,026	$ 2,491,026	$ 2,542,361
Number of options Granted (in Shares)		626,238	860,465
Weighted average exercise price Granted		$ 2.52	$ 2.38
Aggregate intrinsic value Granted (in Dollars)		$ 74,482
Number of options Exercise		$ (82,333)	$ (7,166)
Weighted average exercise price Exercise		$ 0.83	$ 0.79
Aggregate intrinsic value Exercise (in Dollars)		$ 151,544	$ 6,523
Number of options Forfeited (in Shares)		(58,701)	(261,917)
Weighted average exercise price Forfeited		$ 2.65	$ 1.9
Aggregate intrinsic value Forfeited (in Dollars)		$ 58,285	$ 134,070
Number of options Outstanding ending (in Shares)		3,080,904	2,595,700
Weighted average exercise price Outstanding ending		$ 2.06	$ 1.92
Weighted average contractual term (years) Outstanding ending		6 years 8 months 12 days	7 years 7 months 6 days
Aggregate intrinsic value Outstanding ending (in Dollars)		$ 1,923,642	$ 2,491,026
Number of options Vested and exercisable (in Shares)		2,307,571	1,730,198
Weighted average exercise price Vested and exercisable		$ 2.04	$ 1.9
Weighted average contractual term (years) Vested and exercisable		6 years 10 months 24 days	7 years 9 months 25 days
Aggregate intrinsic value Vested and exercisable (in Dollars)		$ 1,674,967	$ 1.967071

Stock Options (Details) - Sch_2

Stock Options (Details) - Schedule of measured fair value of each option award grant using the black-scholes-merton (BSM) pricing model - Minimum [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock Options (Details) - Schedule of measured fair value of each option award grant using the black-scholes-merton (BSM) pricing model [Line Items]
Exercise price (in Dollars per share)	$ 2.52	$ 2.38
Expected life	5 years	5 years
Expected volatility	91.20%	76.00%
Dividend yield	0.00%	0.00%
Risk-free interest rate	0.57%	1.07%

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Income Tax Disclosure [Abstract]
Federal net operating loss carryforwards	$ 56,375,431
State net operating loss carryforwards	$ 4,878,909
Statutory rate valuation allowance	21.00%
Current state income tax expense	$ 290,144

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of the benefit for income taxes from continuing operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of the benefit for income taxes from continuing operations [Abstract]
Federal tax at statutory rate	$ 852,198	$ 67,862
State tax, net of federal tax	(487,093)	29,866
Permanent differences	(259,967)	126,301
Change in statutory rate	59,168	(69,835)
Change in valuation allowance	614,112	522,738
Other	6,892	(13,882)
Expense for income taxes	$ 785,310	$ 663,050

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of deferred tax assets and deferred tax liabilities - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of deferred tax assets and deferred tax liabilities [Abstract]
Equity based compensation	$ 479,956	$ 368,000
Allowance for doubtful accounts	6,847,189	5,527,000
Fixed assets	(8,085,957)	256,000
Lease impairment	423,022	587,000
Lease Liability	481,312	526,000
Right of use asset	(383,924)	(425,000)
Tax credit carryforward	32,394	32,000
Federal loss carry-forwards	11,838,840	4,779,000
State loss carry forward	343,914	161,000
Other	(53,414)	(6,000)
Gross deferred tax	11,923,332	11,805,000
Valuation allowance	(12,418,498)	(11,805,000)
Net deferred tax liability	$ (495,166)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of income tax expense (benefits) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current Income Tax:
Federal
State	290,144	663,050
Deferred Income Tax:
Federal	495,166
Sate
Total	$ 785,310	$ 663,050

Exchange Offer of Warrants (Det

Exchange Offer of Warrants (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 19, 2020	Dec. 31, 2021	Dec. 31, 2020	Feb. 04, 2020
Exchange Offer Of Warrants [Abstract]
Warrant offered per share	$ 0.56			$ 0.62
Exchange offer of warrants, description	In total 258,610 warrants were exchanged for 144,871 shares in this transaction.	In total, 5,351,290 warrants were exchanged for 3,317,812 shares of common stock in accordance with the Warrant Exchange Offer.
Deemed dividend			$ 713,212

Promissory Note- Paycheck Pro_2

Promissory Note- Paycheck Protection Program (Details) - USD ($)	May 04, 2020	Dec. 31, 2021
Promissory Note- Paycheck Protection Program (Details) [Line Items]
Principal amount	$ 1,914,100
Maturity date, description		The Note matured on April 30, 2022, and bore interest at the rate of 1.00% per annum, payable monthly commencing on November 30, 2020, following an initial deferral period as specified under the PPP.
Promissory Notes [Member]
Promissory Note- Paycheck Protection Program (Details) [Line Items]
Promissory note issued	$ 1,914,000
Promissory note forgiveness		$ 1,931,825

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Mar. 08, 2022	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent event, description		This amendment extended the maturity date from April 1, 2022 to July 1, 2024 and increased the credit commitment from $3,750,000 (the principal amount which was outstanding as of December 31, 2021) to $11,000,000.
Commitment amount	$ 82,500,000