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Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2012 shares
Document and Entity Information [Abstract]
Entity Registrant Name	Anchor Funding Services, Inc.
Entity Central Index Key	0001397047
Trading Symbol	afng
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	18,634,369
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 1,416,592	$ 306,571
Retained interest in purchased accounts receivable, net	6,370,882	6,331,156
Earned but uncollected fee income	134,202	157,070
Prepaid expenses and other	71,375	70,924
Total current assets	7,993,051	6,865,721
PROPERTY AND EQUIPMENT, net	16,539	17,030
SECURITY DEPOSITS	5,486	5,486
Total Assets	8,015,076	6,888,237
CURRENT LIABILITIES:
Due to financial institution	5,192,328	4,427,343
Accounts payable	50,949	45,376
Accrued payroll and related taxes	51,370	60,918
Accrued expenses	70,604	29,609
Collected but unearned fee income	22,053	36,939
Total current liabilities	5,387,304	4,600,185
COMMITMENTS AND CONTINGENCIES
PREFERRED STOCK, net of issuance costs of $1,209,383	671,409	671,409
COMMON STOCK	1,863	1,863
ADDITIONAL PAID IN CAPITAL	7,488,719	7,465,386
ACCUMULATED DEFICIT	(5,534,219)	(5,850,606)
Total Stockholders' Equity	2,627,772	2,288,052
Total Liabilities and Stockholder's Equity	$ 8,015,076	$ 6,888,237

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Statement Of Financial Position [Abstract]
Preferred stock, Issuance cost (in dollars)	$ 1,209,383	$ 1,209,383

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement [Abstract]
FINANCE REVENUES	$ 677,313	$ 561,014	$ 1,932,558	$ 1,880,154
INTEREST EXPENSE - financial institutions	(118,470)	(107,595)	(352,292)	(394,881)
INTEREST EXPENSE - related party	(11,013)		(15,123)	(16,669)
NET FINANCE REVENUES	547,830	453,419	1,565,143	1,468,604
(PROVISION) BENEFIT FOR CREDIT LOSSES	(43,901)	1,646	(29,797)	1,472
FINANCE REVENUES, NET OF INTEREST EXPENSE AND CREDIT LOSSES	503,929	455,065	1,535,346	1,470,076
OPERATING EXPENSES	392,911	393,617	1,218,959	1,214,095
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	111,018	61,448	316,387	255,981
INCOME TAXES
INCOME FROM CONTINUING OPERATIONS	111,018	61,448	316,387	255,981
LOSS FROM DISCONTINUED OPERATIONS				(4,000)
NET INCOME	$ 111,018	$ 61,448	$ 316,387	$ 251,981
BASIC EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS (in dollars per share)	$ 0.01		$ 0.02	$ 0.01
LOSS FROM DISCONTINUED OPERATIONS (in dollars per share)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDER (in dollars per share)	0.01	0.00	0.02	0.01
DILUTED EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS (in dollars per share)	0.01		0.02	0.01
LOSS FROM DISCONTINUED OPERATIONS (in dollars per share)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDER (in dollars per share)	$ 0.01	$ 0.00	$ 0.02	$ 0.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic (in shares)	18,634,369	17,763,618	18,634,369	17,763,618
Dilutive (in shares)	20,843,574	20,572,341	20,773,102	20,572,341

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 9 months ended Sep. 30, 2012 - USD ($)	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2011	$ 671,409	$ 1,863	$ 7,465,386	$ (5,850,606)	$ 2,288,052
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options			8,003		8,003
Provision for compensation expense related to issued warrants			15,330		15,330
Net income				316,387	316,387
Balance (unaudited) at Sep. 30, 2012	$ 671,409	$ 1,863	$ 7,488,719	$ (5,534,219)	$ 2,627,772

- Definition

Increase in additional paid in capital due to warrants issued during the period. Includes also the proceeds of debt securities issued with detachable stock purchase warrants that are allocable to the warrants. These warrants qualify for equity classification and provide the holder with a right to purchase stock from the entity.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 316,387	$ 255,981
Loss from discontinued operations		(4,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	15,255	15,259
Net compensation expense related to issuance of stock options and warrants	23,333	2,432
Allowance for uncollectible accounts	29,797
(Increase) decrease in retained interest in purchased accounts receivable	(69,523)	1,674,907
Decrease in earned but uncollected	22,868	77,876
(Increase) decrease in prepaid expenses and other	(451)	1,817
Increase (decrease) in accounts payable	5,573	(1,713)
(Decrease) in accrued payroll and related taxes	(9,548)	(2,385)
(Decrease) increase in collected but not earned	(14,886)	2,851
Increase (decrease) in accrued expenses	40,995	(33,368)
Net cash provided by operating activities	359,800	1,989,657
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(14,764)	(17,768)
Net cash used in investing activities	(14,764)	(17,768)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from (payments to) financial institution, net	764,985	(1,761,668)
Payments to lender		(290,000)
Net cash provided by (used in) financing activities	764,985	(2,051,668)
INCREASE (DECREASE) IN CASH	1,110,021	(79,779)
CASH, beginning of period	306,571	163,320
CASH, end of period	$ 1,416,592	$ 83,541

BACKGROUND AND DESCRIPTION OF BUSINESS	9 Months Ended
BACKGROUND AND DESCRIPTION OF BUSINESS	Sep. 30, 2012
Business Description and Basis Of Presentation [Abstract]
BACKGROUND AND DESCRIPTION OF BUSINESS	1. BACKGROUND AND DESCRIPTION OF BUSINESS: The consolidated financial statements include the accounts of Anchor Funding Services, Inc. (the “Company”) and its wholly owned subsidiary, Anchor Funding Services, LLC (“Anchor”). On October 6, 2010, we completed the rescission of our acquisition of certain assets of Brookridge Funding, LLC that occurred on December 7, 2009. On October 6, 2010, the Minority members of our 80% owned subsidiary Brookridge Funding Services, LLC (“Brookridge”) purchased Anchor’s interest in Brookridge at book value of approximately $783,000. The consolidated statements of operations for the three and nine months ended September 30, 2011 and the consolidated statements of cash flows for the nine months ended September 30, 2011 reflect the historical operations of Brookridge as discontinued operations. Accordingly, we have generally presented the notes to our consolidated financial statements on the basis of continuing operations which has caused certain reclassifications within the financial statements and related footnotes. In addition, unless stated otherwise, any reference to income statement items in these financial statements refers to results from continuing operations. Anchor Funding Services, Inc. is a Delaware corporation. Anchor Funding Services, Inc. has no operations; substantially all operations of the Company are the responsibility of Anchor Funding Services, LLC. Anchor Funding Services, LLC is a North Carolina limited liability company. Anchor Funding Services, LLC was formed for the purpose of providing factoring and back office services to businesses located throughout the United States of America.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Principles of Consolidation - The accompanying consolidated financial statements include the accounts of Anchor Funding Services, Inc. and, its wholly owned subsidiary, Anchor Funding Services, LLC (continuing operations). Anchor’s former 80% interest in Brookridge Funding Services, LLC is reflected in the consolidated statements of operations for the three and nine months ended September 30, 2011 and the consolidated statement of cash flows for the nine months ended September 30, 2011 as discontinued operations.

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

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

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

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

For both fixed and variable transaction fees, the Company recognizes revenue by using one of two methods depending on the type of customer. For new customers the Company recognizes revenue using the cost recovery method. For established customers the Company recognizes revenue using the accrual method.

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

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

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

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

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

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

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

Management considered approximately $68,500 of their September 30, 2012 and $17,500 of their December 31, 2011 retained interest in purchased accounts receivable to be uncollectible.

Management believes the fair value of the retained interest in purchased accounts receivable approximates its recorded value because of the relatively short term nature of the purchased receivable and the fact that the majority of these invoices have been subsequently collected. As of September 30, 2012, accounts receivable purchased over 90 days old and still accruing fees totaled approximately $146,000. As of December 31, 2011, accounts receivable purchased over 90 days old and still accruing fees totaled approximately $195,222.

Property and Equipment – Property and equipment, consisting of furniture and fixtures and computers and software, are stated at cost. Depreciation is provided over the estimated useful lives of the depreciable assets using the straight-line method. Estimated useful lives range from 2 to 7 years.

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $67,000 and $65,000 for the quarters ended September 30, 2012 and 2011, respectively, and $202,700 and $179,200 for the nine months ended September 30, 2012 and September 30, 2011, respectively.

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

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

The following tables present a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:


			2012						2011
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
			Average		Share				Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount
Three Months Ended September 30,
Basic EPS	$	111,018		18,634,369	$	0.01	$	61,448		17,763,618	$	0.00
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,209,205		-		-		2,808,723		-
Diluted EPS	$	111,018		20,843,574	$	0.01	$	61,448		20,572,341	$	0.00

Nine Months Ended September 30,
Basic EPS	$	316,387		18,634,369	$	0.02	$	251,981		17,763,618	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,138,733		-		-		2,808,723		-
Diluted EPS	$	316,387		20,773,102	$	0.02	$	251,981		20,572,341	$	0.01

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

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

See Note 9 for the impact on operating results for the three months and nine months ended September 30, 2012 and 2011.

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

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

Income Taxes – The Company is a “C” corporation for income tax purposes. In a “C” corporation income taxes are provided for the tax effects of transactions reported in the financial statements plus deferred income taxes related to the differences between financial statement and taxable income.

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

·	Compensation costs related to the issuance of stock options
·	Use of the reserve method of accounting for bad debts

·	Differences in basis of property and equipment between financial and income tax reporting
·	Net operating loss carryforwards.

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

The Company applied guidance for accounting for uncertainty in income tax positions to all its tax positions, including tax positions taken and those expected to be taken, under the transition provision of the interpretation. For the nine months ended September 30, 2012 and 2011, the Company recognized no liability for uncertain tax positions.

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

Recent Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board (“FASB”) issued an update to Topic 820—Fair Value Measurements and Disclosures of the Accounting Standards Codification. This update provides guidance on how fair value accounting should be applied where its use is already required or permitted by other standards. The guidance does not extend the use of fair value accounting. We adopted this guidance effective January 1, 2012, as required, and the adoption did not have a significant impact to our consolidated financial statements.

In September 2011, the FASB issued an update to Topic 220—Comprehensive Income of the Accounting Standards Codification. The update is intended to increase the prominence of other comprehensive income in the financial statements. The guidance requires that we present components of comprehensive income in either one continuous or two separate, but consecutive, financial statements and no longer permits the presentation of comprehensive income in the Consolidated Statement of Shareholders’ Equity. We adopted this new guidance effective January 1, 2012, as required. The adoption did not have a significant impact on our consolidated financial statements. We are now presenting components of comprehensive income on one statement, our unaudited Consolidated Statements of Income and Other Comprehensive Income.

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2012

Loans, Notes, Trade and Other Receivables Disclosure [Abstract]

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE

3. RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE:

Retained interest in purchased accounts receivable consists of the following:

	September 30, 2012			December 31, 2011
Purchased accounts receivable outstanding	$	7,912,772		$	7,655,933
Purchase order advances		76,980			105,000
Reserve account		(1,550,421	)		(1,412,277	)
Allowance for uncollectible invoices		(68,449	)		(17,500	)
	$	6,370,882		$	6,331,156

Retained interest in purchased accounts receivable consists, excluding the allowance for uncollectible invoices, of United States companies in the following industries:

	September 30, 2012		December 31, 2011
Staffing	$	317,467	$	548,031
Transportation		1,704,642		1,831,051
Service		3,420,457		3,969,574
Other		996,765		-
	$	6,439,331	$	6,348,656

Total purchased invoices were as follows:

	For the quarters ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011
Purchased invoices	$	23,305,210	$	17,744,294	$	71,651,930	$	58,853,420
Purchase order advances		105,634		538,264		317,595		2,526,054
	$	23,410,844	$	18,282,558	$	71,969,525	$	61,379,474

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

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-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT:


	Estimated Useful Lives	September 30, 2012			December 31, 2011
Furniture and fixtures	2-5 years	$	44,731		$	44,731
Computers and software	3-7 years		187,325			172,561
			232,056			217,292
Less: accumulated depreciation			(215,517	)		(200,262	)
		$	16,539		$	17,030

Depreciation expense was $5,230 and $5,078 for the quarters ended September 30, 2012 and 2011, respectively and $15,255 and $15,259 for the nine months ended September 30, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

DUE TO FINANCIAL INSTITUTION

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

DUE TO FINANCIAL INSTITUTION

5. DUE TO FINANCIAL INSTITUTION:

On November 8, 2011, Anchor entered into a Rediscount Credit Facility with a Commercial Bank that was effective November 30, 2011 and replaced its prior credit facility. The maximum amount that can be borrowed under the facility is $10 million and the Bank will advance up to 80% of Anchor's advances to its clients. Anchor pays interest on advances monthly at the 90 Day Libor Rate plus 6.25% and various other monthly fees as defined in the agreement. The agreement requires that Anchor maintain at all times a ratio of debt to tangible net worth of no more than four to one (4:1). The agreement contains customary representations and warranties, events of default and limitations, among other provisions. The agreement is collateralized by a first lien on all Anchors' assets. The agreement’s anniversary date is November 30, 2012 and automatically renews each year for an additional year provided that the Company has not provided 60 days’ notice to the Bank in advance of the anniversary date. This facility contains certain standard covenants, representations and warranties for loans of this type. In the event that we fail to comply with the covenant(s) and the lender does not waive such non-compliance, we could be in default of our credit facility, which could subject us to penalty rates of interest and accelerate the maturity of the outstanding balances in addition to other legal remedies, including foreclosure on collateral. The Company’s President and CEO have provided validity guarantees to the Bank. Anchor owed this financial institution $5,192,328 as of September 30, 2012 and $4,427,343 as of December 31, 2011.

On, November 30, 2009, Anchor Funding Services, LLC, entered into a $7 million senior Accounts Receivable (A/R) Credit Facility with a maximum amount of up to $9 million with lender approval. This funding facility was based upon Anchor's submission and approval of eligible accounts receivable. This facility replaced Anchor’s revolving credit facility from another financial institution. Anchor paid .5% of the face value of each invoice funded for the first 30 days outstanding and .016% for each day thereafter until collected. In addition, interest on advances was paid monthly at the Prime Rate plus 2.0%. Anchor paid the financial institution various other monthly fees as defined in the agreement. The agreement required that Anchor use $1,000,000 of its own funds first to finance its clients. The agreement contained customary representations and warranties, events of default and limitations, among other provisions. The agreement was collateralized by a first lien on all Anchors’ assets. Borrowings on this agreement were partially guaranteed by the Company’s President and Chief Executive Officer. The partial guarantee was $250,000 each. On February 10, 2011, Anchor’s agreement with this financial institution was amended such that beginning February 10, 2011, Anchor would no longer pay discount fees and Anchor would pay interest on advances at the Prime Rate plus 8.0% through November 30, 2011 and at the Prime Rate plus 9.0% thereafter. On September 22, 2011, Anchor gave notice to this financial institution that it was electing not to renew the facility when it expired at the end of its current term on November 30, 2011, so that it could enter into the Rediscount Credit Facility described above.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

DUE TO PARTICIPANT	9 Months Ended
DUE TO PARTICIPANT	Sep. 30, 2012
Due To Participant [Abstract]
DUE TO PARTICIPANT	6. DUE TO PARTICIPANT: On May 25, 2012, Anchor entered into a Participation Agreement with a funding company (Participant) whereby it sold an interest in one of its accounts so that it could accommodate the accounts funding requirements and also mitigate some of Anchor’s credit exposure in the account. Anchor sold a 50% interest in the account to the Participant. Provided Anchor follows a standard of care as agreed to in the Participation Agreement, any credit losses, if they occur, would be shared equally between Anchor and the Participant. The Participant’s fee is paid monthly and is charged at the rate of 21% per annum of the average outstanding balance due to the Participant. The fee paid to the Participant was $11,563 and $25,020 for the three and nine months ended September 30, 2012, respectively, and is included in interest expense - financial institutions. Anchor owed the Participant $-0- as of September 30, 2012.

CAPITAL STRUCTURE

9 Months Ended

Sep. 30, 2012

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 10,000,000 shares of $.001 par value preferred stock. The Company’s Board of Directors determines the rights and preferences of its preferred stock.

On January 31, 2007, the Company filed a Certificate of Designation with the Secretary of State of Delaware. Effective with this filing, 2,000,000 preferred shares became Series 1 Convertible Preferred Stock. Series 1 Convertible Preferred Stock will rank senior to Common Stock.

Series 1 Convertible Preferred Stock is convertible into 5.1 shares of the Company’s Common Stock. The holder of the Series 1 Convertible Preferred Stock has the option to convert the shares to Common Stock at any time. Upon conversion all accumulated and unpaid dividends will be paid as additional shares of Common Stock.

The dividend rate on Series 1 Convertible Preferred Stock is 8%. Dividends were paid annually on December 31st in the form of additional Series 1 Convertible Preferred Stock unless the Board of Directors approved a cash dividend. Dividends on Series 1 Convertible Preferred Stock ceased to accrue on the earlier of December 31, 2009, or the date they were converted to Common Shares. Thereafter, the holders of Series 1 Convertible Preferred Stock have the same dividend rights as holders of Common Stock, as if the Series 1 Convertible Preferred Stock had been converted to Common Stock.

Common Stock – The Company is authorized to issue 65,000,000 shares of $.0001 par value Common Stock. Each share of Common Stock entitles the holder to one vote at all stockholder meetings. Dividends on Common Stock will be determined annually by the Company’s Board of Directors.

The shares issued for Series 1 Convertible Preferred Stock and Common Stock as of September 30, 2012 and December 31, 2011 is summarized as follows:

	Series 1 Convertible		Common
	Preferred Stock		Stock
Balance, December 31, 2011		376,387		18,634,369
Preferred Stock Conversions		-		-
Common Stock Issuances		-		-
Balance September 30, 2012		376,387		18,634,369

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

RELATED PARTY TRANSACTION	9 Months Ended
RELATED PARTY TRANSACTION	Sep. 30, 2012
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTION	8. RELATED PARTY TRANSACTIONS: Promissory notes payable On June 5, 2012, upon approval of the Board, Anchor entered into two Promissory Notes totaling $400,000, one with Morry Rubin and the other with a major shareholder of the company. Each Promissory Note was for $200,000, had a 90 day term, and earned interest (payable monthly) at 15% per annum. The Promissory Notes were to assist Anchor in providing factoring and purchase order funding facilities to some of its clients. The Promissory Notes were subordinate to and supplemented Anchor's $10 Million Rediscount Credit Facility with a Commercial Bank. Both promissory notes were paid on September 5, 2012. Anchor paid $15,123 of interest on these notes for the nine months ended September 30, 2012. Due to Lender On April 26, 2011, upon approval of the Board, Anchor entered into a Promissory Note for up to $2 million from MGM Funding, LLC (MGM). Morry Rubin is the managing member of MGM. The money to be borrowed under the note was subordinate to Anchor’s accounts receivable credit facility with a senior lender, which required funds employed to be no less than $5,000,000 before Anchor borrowed funds from MGM. The Promissory Note was to assist Anchor in providing factoring and purchase order funding facilities to some of its clients and it replaced an earlier agreement between the parties. This facility was to supplement Anchor's $10 Million Rediscount Credit Facility with a Commercial Bank. The MGM Promissory Note was a demand note payable together with interest at the rate of 11% per annum. If mutually agreed upon in writing by Anchor and MGM, and if Anchor's purchase order fundings exceeded $1 Million, then interest could accrue on the portion of the unpaid balance of this Note that is funding purchase order advances that are in excess of $1 Million at a rate equal to twenty percent (20%) per annum. This note was paid in full as of December 31, 2011 and is no longer available to Anchor. Anchor paid $0 and $2,240 of interest to MGM for the nine months ended September 30, 2012 and 2011, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

EMPLOYMENT AND STOCK OPTION AGREEMENTS

9 Months Ended

Sep. 30, 2012

Employment and Stock Option Agreements [Abstract]

EMPLOYMENT AND STOCK OPTION AGREEMENTS

9. EMPLOYMENT AND STOCK OPTION AGREEMENTS:

On January 31, 2007, the Board adopted our 2007 Omnibus Equity Compensation Plan (the “Plan”), with 2,100,000 common shares authorized for issuance under the Plan. In October 2009 the Company's stockholders approved an increase in the number of shares covered by the Plan to 4,200,000 shares.

The general purpose of the plan is to provide an incentive to the Company’s employees, directors and consultants by enabling them to share in the future growth of the business.

At closing of the exchange transaction described above, M. Rubin and Brad Bernstein (“B. Bernstein”), the President of the Company, entered into employment contracts and stock option agreements. Additionally, at closing two non-employee directors entered into stock option agreements.

The following summarizes M. Rubin’s employment agreement and stock options:

·	The employment agreement with M. Rubin currently retains his services as Co-chairman and Chief Executive Officer through January 31, 2013.

An annual salary of $1 until, the first day of the first month following such time as the Company, shall have, within any period beginning on January 1 and ending not more than 12 months thereafter, earned pre-tax net income exceeding $1,000,000, M. Rubin’s base salary shall be adjusted to an amount, to be mutually agreed upon between M. Rubin and the Company, reflecting the fair value of the services provided, and to be provided, by M. Rubin taking into account (i) his position, responsibilities and performance, (ii) the Company’s industry, size and performance, and (iii) other relevant factors. M. Rubin is eligible to receive annual bonuses as determined by the Company’s compensation committee. M. Rubin shall be entitled to a monthly automobile allowance of $1,500.

·	10-year options to purchase 650,000 shares exercisable at $1.25 per share, pursuant to the Company’s 2007 Omnibus Equity Compensation Plan. As of February 28, 2009, these options are fully vested.

·	In March 2012, M. Rubin received 10 year options to purchase 250,000 shares of the Company’s Common Stock at an exercise price of $.17 per share.

The following summarizes B. Bernstein’s employment agreement and stock options:

·	The employment agreement with B. Bernstein currently retains his services as President through January 31, 2013.

An annual salary of $240,000. The Board may periodically review B. Bernstein’s base salary and may determine to increase (but not decrease) the base salary in accordance with such policies as the Company may hereafter adopt from time to time. The Board approved an annual bonus program for Mr. Bernstein commencing with the 2011 fiscal year and ending with the 2014 fiscal year. The annual bonus is equal to 5% of annual net income provided net income is equal to or greater than $200,000. The bonus is calculated on the Company’s audited US GAAP financial statements. B. Bernstein shall be entitled to a monthly automobile allowance of $1,000.

·	10-year options to purchase 950,000 shares exercisable at $1.25 per share, pursuant to the Company’s 2007 Omnibus Equity Compensation Plan. As of February 28, 2009, these options are fully vested.

·	In March 2012, Brad Bernstein received 10 year options to purchase 250,000 shares of the Company’s Common Stock at an exercise price of $.17 per share.

The following summarizes employee stock option agreements entered into with five employees:

10-year options to purchase 50,000 shares exercisable at prices of $1.00 and $1.25 per share, pursuant to the Company’s 2007 Omnibus Equity Compensation Plan. The grant dates range from September 28, 2007 to November 30, 2009. Vesting periods range from one to four years. If any employee ceases being employed by the Company for any reason, all vested and unvested options shall terminate immediately.

The following table summarizes information about stock options as of September 30, 2012:


Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable
$	1.25		1,605,000	6 years		1,603,750
$	1.00		45,000	8 years		22,500
$	0.62		500,000	8 years		500,000
$	0.17		500,000	10 years		500,000
$	0.25		180,000	10 years		60,000
			2,830,000			2,686,250

	The Company recorded the issuance of these options in accordance with ASC 718. The following information was input into a BSM.

Exercise price			$0.17 to $1.25
Term		10 years
Volatility		.41 to 2.50
Dividends			0%
Discount rate		0.08% to 4.75%

The pre-tax fair value effect recorded for these options in the statement of operations for the quarters ending September 30, 2012 and 2011 was as follows:

	2012		2011
Fully vested stock options	$	-	$	-
Unvested portion of stock options		8,003		1,185
		8,003		1,185
Benefit for expired stock options		-		-
Provision, net	$	8,003	$	1,185

WARRANTS

9 Months Ended

Sep. 30, 2012

Warrants [Abstract]

WARRANTS

10. WARRANTS

In March, 2007, the placement agent was issued warrants to purchase 1,342,500 shares of the Company’s common stock. These warrants were due to expire on January 31, 2012, but were extended by the Company for an additional year. The following information was input into BSM to compute a per warrant price of $.240:

Exercise price	$	1.10
Term	6 years
Volatility		42%
Dividends		0	%
Discount rate		.05	%

On December 7, 2009, the Company received gross proceeds of $500,002 from the sale of 500,002 shares of common stock and ten year warrants to purchase 2,000,004 shares of common stock exercisable at $1.00 per share. The Black Scholes option pricing model was used to compute the fair value of the warrants.

The following table summarizes information about stock warrants as of September 30, 2012:

				Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable
$	1.10		1,342,500	4 months		1,342,500
$	1.00		2,000,004	8 years		2,000,004
			3,342,504			3,342,504

CONCENTRATIONS

9 Months Ended

Sep. 30, 2012

Risks and Uncertainties [Abstract]

CONCENTRATIONS

11. CONCENTRATIONS:

Revenues – The Company recorded revenues from United States companies in the following industries as follows:

	For the three months ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011
Apparel	$	77,173	$	-	$	141,930	$	-
Transportation		141,728		177,841		477,777		503,881
Staffing		22,168		33,680		66,544		103,408
Service		344,309		349,493		1,070,872		1,043,485
Other		91,935		-		175,435		135,371
Publishing		-		-		-		94,009
	$	677,313	$	561,014	$	1,932,558	$	1,880,154

Major Customers – For the three months ended September 30, 2012, the Company had an apparel importer in Florida that accounted for 10% or more of its revenues.

For the nine months ended September 30, 2012, the Company did not have a customer that accounted for 10% or more of its revenues.

As of September 30, 2012, the Company had a paper packaging company client that represented 10.4% of the purchased accounts receivable outstanding. As of December 31, 2012, a food facility management company represented 11.8% of the purchased accounts receivable outstanding.

Cash – The Company places its cash and cash equivalents on deposit with financial institutions in the United States. All funds in a “Non interest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation (“FDIC”) from December 31, 2011 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. Currently all of the Company’s domestic cash balances meet these criteria.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

SUPPLEMENTAL DISCLOSURES OF CASH FLOW

9 Months Ended

Sep. 30, 2012

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL DISCLOSURES OF CASH FLOW

12. SUPPLEMENTAL DISCLOSURES OF CASH FLOW:

Cash paid for interest was as follows:

	For the nine months ending September 30,
	2012		2011
To a financial institution	$	349,700	$	404,354
To a related party		15,123		16,669
Total	$	364,823	$	421,023

Non-cash financing and investing activities consisted of the following:

For the three months ending September 30, 2012

None.

For the three months ending September 30, 2011

None.

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2012
Income Tax Disclosure [Abstract]
INCOME TAXES	13. INCOME TAXES: As of December 31, 2011, the Company had approximately $4 million of net operating loss carryforwards (“NOL”) for income tax purposes. The NOL’s expire in various years from 2022 through 2025. The Company’s use of operating loss carryforwards is subject to limitations imposed by the Internal Revenue Code. Management believes that the deferred tax assets as of September 30, 2012 do not satisfy the realization criteria and has recorded a valuation allowance for the entire net tax asset. By recording a valuation allowance for the entire amount of future tax benefits, the Company has not recognized a deferred tax benefit for income taxes in its statements of operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2012
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES: Lease Commitments The Company has lease agreements for office space in Charlotte, NC, and Boca Raton, FL. All lease agreements are with unrelated parties. There are two Charlotte leases for adjoining spaces that expire on May 31, 2013 and may be renewed for an additional year. The monthly rent for the combined space is approximately $2,340. Beginning November 1, 2009, the company entered into a 24 month lease for office space in Boca Raton, FL. The monthly rental is approximately $1,313. On October 6, 2011, this lease was renewed for an additional two years. The rental expense for the nine months ended September 30, 2012 and 2011 was approximately $34,500 for each period. Contingencies We are not a party to any pending material legal proceedings except as described below. To our knowledge, no governmental authority is contemplating a legal proceeding in which we would be named as a party. On October 22, 2010, the Company filed a complaint in the Superior Court of Stamford/Norwalk, Connecticut against the Administrators of the Estate of David Harvey (“Harvey”) to recoup a credit loss incurred by the Company’s former subsidiary, Brookridge Funding Services, LLC. Harvey was the owner of a Company that caused the credit loss and the Company is pursuing its rights under the personal guarantee that Harvey provided. The Complaint is demanding principal of approximately $485,000 plus interest and damages.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 20
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-Paragraph 4
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

ACQUSITION AND DISCONTINUED OPERATIONS	9 Months Ended
ACQUSITION AND DISCONTINUED OPERATIONS	Sep. 30, 2012
Acqusition and Discontinued Operations [Abstract]
ACQUSITION AND DISCONTINUED OPERATIONS	15. ACQUSITION AND DISCONTINUED OPERATIONS: On October 6, 2010, Anchor Funding Services, Inc. entered into a Rescission Agreement with the Minority Members, namely, John A. McNiff, III and Michael P. Hilton (collectively the "Buyers") of Brookridge Funding Services, LLC ("Brookridge"). Any Brookridge transactions are reclassified as discontinued operations in the Consolidated Financial Statements for the nine months ended September 30, 2012 and 2011. For the nine months ended September 30, 2012 and 2011 there were $0 and $4,000 of expenses related to discontinued operations, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Principles of Consolidation

Estimates

Revenue Recognition

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

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

Retained Interest in Purchased Accounts Receivable

Management considered approximately $68,500 of their September 30, 2012 and $17,500 of their December 31, 2011 retained interest in purchased accounts receivable to be uncollectible.

Property and Equipment

Advertising Costs

Earnings per Share

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.

The following tables present a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:


			2012						2011
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
			Average		Share				Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount
Three Months Ended September 30,
Basic EPS	$	111,018		18,634,369	$	0.01	$	61,448		17,763,618	$	0.00
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,209,205		-		-		2,808,723		-
Diluted EPS	$	111,018		20,843,574	$	0.01	$	61,448		20,572,341	$	0.00

Nine Months Ended September 30,
Basic EPS	$	316,387		18,634,369	$	0.02	$	251,981		17,763,618	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,138,733		-		-		2,808,723		-
Diluted EPS	$	316,387		20,773,102	$	0.02	$	251,981		20,572,341	$	0.01

Stock Based Compensation

See Note 9 for the impact on operating results for the three months and nine months ended September 30, 2012 and 2011.

Fair Value of Financial Instruments

Cash and Cash Equivalents

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

Income Taxes

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

·	Compensation costs related to the issuance of stock options
·	Use of the reserve method of accounting for bad debts

·	Differences in basis of property and equipment between financial and income tax reporting
·	Net operating loss carryforwards.

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

Recent Accounting Pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Schedule of reconciliation of the components used to derive basic and diluted EPS


			2012						2011
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
			Average		Share				Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount
Three Months Ended September 30,
Basic EPS	$	111,018		18,634,369	$	0.01	$	61,448		17,763,618	$	0.00
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,209,205		-		-		2,808,723		-
Diluted EPS	$	111,018		20,843,574	$	0.01	$	61,448		20,572,341	$	0.00

Nine Months Ended September 30,
Basic EPS	$	316,387		18,634,369	$	0.02	$	251,981		17,763,618	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,138,733		-		-		2,808,723		-
Diluted EPS	$	316,387		20,773,102	$	0.02	$	251,981		20,572,341	$	0.01

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE (Tables)

9 Months Ended

Sep. 30, 2012

Loans, Notes, Trade and Other Receivables Disclosure [Abstract]

Schedule Of Retained Interest In Purchased Accounts Receivable

	September 30, 2012			December 31, 2011
Purchased accounts receivable outstanding	$	7,912,772		$	7,655,933
Purchase order advances		76,980			105,000
Reserve account		(1,550,421	)		(1,412,277	)
Allowance for uncollectible invoices		(68,449	)		(17,500	)
	$	6,370,882		$	6,331,156

Schedule Of Retained Interest In Purchased Accounts Receivable Excluding Allowance For Uncollectible Invoices

	September 30, 2012		December 31, 2011
Staffing	$	317,467	$	548,031
Transportation		1,704,642		1,831,051
Service		3,420,457		3,969,574
Other		996,765		-
	$	6,439,331	$	6,348,656

Schedule Of Purchase Invoices

	For the quarters ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011
Purchased invoices	$	23,305,210	$	17,744,294	$	71,651,930	$	58,853,420
Purchase order advances		105,634		538,264		317,595		2,526,054
	$	23,410,844	$	18,282,558	$	71,969,525	$	61,379,474

PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Schedule Of Property and equipment


	Estimated Useful Lives	September 30, 2012			December 31, 2011
Furniture and fixtures	2-5 years	$	44,731		$	44,731
Computers and software	3-7 years		187,325			172,561
			232,056			217,292
Less: accumulated depreciation			(215,517	)		(200,262	)
		$	16,539		$	17,030

CAPITAL STRUCTURE (Tables)

9 Months Ended

Sep. 30, 2012

Stockholders Equity Note [Abstract]

Schedule of conversions of convertible preferred stock and common stock

	Series 1 Convertible		Common
	Preferred Stock		Stock
Balance, December 31, 2011		376,387		18,634,369
Preferred Stock Conversions		-		-
Common Stock Issuances		-		-
Balance September 30, 2012		376,387		18,634,369

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2012

Employment and Stock Option Agreements [Abstract]

Schedule of stock options


Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable
$	1.25		1,605,000	6 years		1,603,750
$	1.00		45,000	8 years		22,500
$	0.62		500,000	8 years		500,000
$	0.17		500,000	10 years		500,000
$	0.25		180,000	10 years		60,000
			2,830,000			2,686,250

Schedule of option input into a Black Scholes option pricing model



Exercise price			$0.17 to $1.25
Term			10 years
Volatility			.41 to 2.50
Dividends			0%
Discount rate			0.08% to 4.75%

Schedule of pre-tax fair value effect recorded for options in statement of operations

	2012		2011
Fully vested stock options	$	-	$	-
Unvested portion of stock options		8,003		1,185
		8,003		1,185
Benefit for expired stock options		-		-
Provision, net	$	8,003	$	1,185

WARRANTS (Tables)

9 Months Ended

Sep. 30, 2012

Warrants [Abstract]

Schedule of Warrants, Valuation Assumptions

Exercise price	$	1.10
Term	6 years
Volatility		42%
Dividends		0	%
Discount rate		.05	%

Schedule Of Share Based Compensation Stock Warrants Activity

				Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable
$	1.10		1,342,500	4 months		1,342,500
$	1.00		2,000,004	8 years		2,000,004
			3,342,504			3,342,504

CONCENTRATIONS (Tables)

9 Months Ended

Sep. 30, 2012

Risks and Uncertainties [Abstract]

Schedule Of Revenue From Different Industries

	For the three months ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011
Apparel	$	77,173	$	-	$	141,930	$	-
Transportation		141,728		177,841		477,777		503,881
Staffing		22,168		33,680		66,544		103,408
Service		344,309		349,493		1,070,872		1,043,485
Other		91,935		-		175,435		135,371
Publishing		-		-		-		94,009
	$	677,313	$	561,014	$	1,932,558	$	1,880,154

SUPPLEMENTAL DISCLOSURES OF CASH FLOW (Tables)

9 Months Ended

Sep. 30, 2012

Supplemental Cash Flow Elements [Abstract]

Schedule Of Interest Paid In Cash

	For the nine months ending September 30,
	2012		2011
To a financial institution	$	349,700	$	404,354
To a related party		15,123		16,669
Total	$	364,823	$	421,023

BACKGROUND AND DESCRIPTION OF BUSINESS (Detail Textuals) - Brookridge Funding Services Llc	Oct. 06, 2010 USD ($)
Noncontrolling Interest [Line Items]
Book value of Anchor's interest in Brookridge	$ 783,000
Percentage of interest in subsidiary Brookridge Funding Services, LLC	80.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Accounting Policies [Abstract]
(Numerator) Net Income, Basic EPS	$ 111,018	$ 61,448	$ 316,387	$ 251,981
(Numerator) Net Income, Effect of Dilutive Securities Options and Convertible Preferred Stock
(Numerator) Net Income, Diluted EPS	$ 111,018	$ 61,448	$ 316,387	$ 251,981
(Denominator) Weighted- Average Shares, Basic EPS	18,634,369	17,763,618	18,634,369	17,763,618
(Denominator) Weighted- Average Shares, Effect of Dilutive Securities Options and Convertible Preferred Stock	2,209,205	2,808,723	2,138,733	2,808,723
(Denominator) Weighted- Average Shares, Diluted EPS	20,843,574	20,572,341	20,773,102	20,572,341
Per Share Amount, Basic EPS	$ 0.01	$ 0.00	$ 0.02	$ 0.01
Per Share Amount, Effect of Dilutive Securities Options and Convertible Preferred Stock
Per Share Amount, Diluted EPS	$ 0.01	$ 0.00	$ 0.02	$ 0.01

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals)	Oct. 06, 2010
Brookridge Funding Services Llc
Noncontrolling Interest [Line Items]
Percentage of interest in subsidiary Brookridge Funding Services, LLC	80.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1)	9 Months Ended
	Sep. 30, 2012
Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	straight-line method
Furniture and Fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Furniture and Fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Computers and Software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	straight-line method
Computers and Software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Computers and Software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 2) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Accounting Policies [Abstract]
Total advertising costs	$ 67,000	$ 65,000	$ 202,700	$ 179,200
Uncollectible Retained Interest In Purchased Accounts Receivable	68,500		$ 68,500		$ 17,500
Maximum Percentage Of Advances On Purchase Order			100.00%
Accounts receivable purchased over 90 days old	$ 146,000		$ 146,000		$ 195,222
Period Of Account Receivable Due			90 days		90 days

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE (Details) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Loans, Notes, Trade and Other Receivables Disclosure [Abstract]
Purchased accounts receivable outstanding	$ 7,912,772	$ 7,655,933
Purchase order advances	76,980	105,000
Reserve account	(1,550,421)	(1,412,277)
Allowance for uncollectible invoices	(68,449)	(17,500)
Retained interest in purchased accounts receivable, net	$ 6,370,882	$ 6,331,156

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE (Details 1) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained Interest In Purchased Accounts Receivable	$ 6,439,331	$ 6,348,656
Staffing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained Interest In Purchased Accounts Receivable	317,467	548,031
Transportation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained Interest In Purchased Accounts Receivable	1,704,642	1,831,051
Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained Interest In Purchased Accounts Receivable	3,420,457	3,969,574
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained Interest In Purchased Accounts Receivable	$ 996,765

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Loans, Notes, Trade and Other Receivables Disclosure [Abstract]
Purchased invoices	$ 23,305,210	$ 17,744,294	$ 71,651,930	$ 58,853,420
Purchase order advances	105,634	538,264	317,595	2,526,054
Purchase Invoices	$ 23,410,844	$ 18,282,558	$ 71,969,525	$ 61,379,474

PROPERTY AND EQUIPMENT (Details) - USD ($)	9 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 232,056	$ 217,292
Less: accumulated depreciation	(215,517)	(200,262)
PROPERTY AND EQUIPMENT, net	$ 16,539	17,030
Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 44,731	44,731
Furniture and Fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Furniture and Fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Computers and Software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 187,325	$ 172,561
Computers and Software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Computers and Software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	3 Months Ended		9 Months Ended
PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Property, Plant and Equipment [Abstract]
Depreciation	$ 5,230	$ 5,078	$ 15,255	$ 15,259

DUE TO FINANCIAL INSTITUTION (Detail Textuals) - USD ($)	1 Months Ended
	Dec. 31, 2011	Nov. 30, 2011	Nov. 30, 2009	Sep. 30, 2012
Line of Credit Facility [Line Items]
Due to financial institution	$ 4,427,343			$ 5,192,328
Senior Accounts Receivable Credit Facility
Line of Credit Facility [Line Items]
Annual Interest Rate	Prime Rate plus 9.0	Prime Rate plus 8.0	Prime Rate plus 2.0
Basis Spread On Prime Rate	9.00%	8.00%	2.00%
Percentage of face value for each invoice funded for the first 30 days			0.50%
Percentage of face value for each invoice funded after 30 days until collected			0.016%
Total company fund to use first			$ 1,000,000
Gurantee amount			250,000
Senior Accounts Receivable Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Rediscount credit facility with a commercial bank			9,000,000
Senior Accounts Receivable Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Rediscount credit facility with a commercial bank			$ 7,000,000
Commercial Bank \| Line of Credit
Line of Credit Facility [Line Items]
Rediscount credit facility with a commercial bank		$ 10,000,000
Advance credit facility percentage		80.00%
Annual Interest Rate		90 Day Libor Rate plus 6.25
Basis Spread On Prime Rate		6.25%
Ratio of debt to tangible net worth		4:1
Notice period to bank		60 days

DUE TO PARTICIPANT (Detail Textuals)	3 Months Ended	9 Months Ended
DUE TO PARTICIPANT (Detail Textuals)	Sep. 30, 2012 USD ($)	Sep. 30, 2012 USD ($)
Due To Participant [Abstract]
Interest sold In account to participant, Percentage		50.00%
Annual percentage fee on average outstanding balance due to participant		21.00%
Fee paid included in interest expense - financial institutions	$ 11,563	$ 25,020
Due to participant	$ 0	$ 0

CAPITAL STRUCTURE (Details) - shares	1 Months Ended	9 Months Ended
CAPITAL STRUCTURE (Details) - shares	Jan. 31, 2007	Sep. 30, 2012
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)	2,000,000
Series 1 Convertible Preferred Stock
Balance (in shares)		376,387
Common Stock Issuances (in shares)
Balance (in shares)		376,387
Common Stock
Balance (in shares)		18,634,369
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)
Common Stock Issuances (in shares)
Balance (in shares)		18,634,369

CAPITAL STRUCTURE (Detail Textuals)	1 Months Ended
CAPITAL STRUCTURE (Detail Textuals)	Jan. 31, 2007 $ / shares shares
Preferred stock, shares authorized (in shares)	10,000,000
Preferred stock, par value \| $ / shares	$ 0.001
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)	2,000,000
Common stock, shares authorized (in shares)	65,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Series 1 Convertible Preferred Stock
Preferred stock conversion ratio	5.1
Dividend rate on Series 1 Convertible Preferred Stock	8.00%

RELATED PARTY TRANSACTION (Detail Textuals) - Line Of Credit Promissory Note - USD ($)		9 Months Ended
	Jun. 05, 2012	Sep. 30, 2012
Morry Rubin
Related Party Transaction [Line Items]
Promissory Notes, Face Amount	$ 200,000
Major Shareholder
Related Party Transaction [Line Items]
Promissory Notes, Face Amount	200,000
Morry Rubin and Major Shareholders
Related Party Transaction [Line Items]
Promissory Notes, Face Amount	$ 400,000
Interest rate of Promissory note	15.00%
Rediscount credit facility with a commercial bank	$ 10,000,000
Term of Promissory Note	90 days
Interest Paid		$ 15,123

RELATED PARTY TRANSACTION (Detail Textuals 1) - MGM Funding, LLC - Rediscount Credit Facility - USD ($)		9 Months Ended
	Apr. 06, 2011	Sep. 30, 2012	Sep. 30, 2011
Related Party Transaction [Line Items]
Rediscount credit facility with a commercial bank	$ 2,000,000
Line of credit facility, condition minimum required funds employed	5,000,000
Line of credit facility, additional condition minimum purchase order fundings	$ 1,000,000
Line of credit facility condition interest rate	20.00%
Interest Paid		$ 0	$ 2,240
Interest rate of Promissory note	11.00%

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Details)	9 Months Ended
EMPLOYMENT AND STOCK OPTION AGREEMENTS (Details)	Sep. 30, 2012 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	2,830,000
Number Exercisable	2,686,250
Stock Options \| Dollar 1.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share) \| $ / shares	$ 1.25
Number Outstanding	1,605,000
Remaining Contractual Life	6 years
Number Exercisable	1,603,750
Stock Options \| Dollar 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share) \| $ / shares	$ 1.00
Number Outstanding	45,000
Remaining Contractual Life	8 years
Number Exercisable	22,500
Stock Options \| Dollar 0.62
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share) \| $ / shares	$ 0.62
Number Outstanding	500,000
Remaining Contractual Life	8 years
Number Exercisable	500,000
Stock Options \| Dollar 0.17
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share) \| $ / shares	$ 0.17
Number Outstanding	500,000
Remaining Contractual Life	10 years
Number Exercisable	500,000
Stock Options \| Dollar 0.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share) \| $ / shares	$ 0.25
Number Outstanding	180,000
Remaining Contractual Life	10 years
Number Exercisable	60,000

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Details 1) - Stock Options	9 Months Ended
	Sep. 30, 2012 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term	10 years
Dividends	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 1.25
Volatility	2.50%
Discount rate	4.75%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 0.17
Volatility	0.41%
Discount rate	0.08%

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Details 2) - Stock Options - USD ($)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fully vested stock options
Unvested portion of stock options	8,003	1,185
Vested and unvested stock option	8,003	1,185
Benefit for expired stock options
Provision, net	$ 8,003	$ 1,185

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals) - shares	Oct. 31, 2009	Jan. 31, 2007
2007 Omnibus Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized for issuance	4,200,000	2,100,000

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 1) - M Rubins Employment Agreement - USD ($)	1 Months Ended		9 Months Ended
	Mar. 31, 2012	Feb. 28, 2009	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers' annual salary			$ 1
Net Income Before Tax Threshold Limit For Salary Revision			1,000,000
Monthly automobile allowance			$ 1,500
Term of options	10 years
Option to purchase	250,000
Shares exercisable (in dollars per share)	$ 0.17
2007 Omnibus Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options		10 years
Option to purchase		650,000
Shares exercisable (in dollars per share)		$ 1.25

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 2) - B Bernstein Employment Agreement - USD ($)	1 Months Ended		9 Months Ended
	Mar. 31, 2012	Feb. 28, 2009	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers' annual salary			$ 240,000
Bonus Equivalent To Annual Net Income Percentage			5.00%
Net Income Before Tax Threshold Limit For Salary Revision			$ 200,000
Monthly automobile allowance			$ 1,000
Option to purchase	250,000
Shares exercisable (in dollars per share)	$ 0.17
Term of options	10 years
2007 Omnibus Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option to purchase		950,000
Shares exercisable (in dollars per share)		$ 1.25
Term of options		10 years

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 3) - Five Employee Employment Agreement	26 Months Ended
	Nov. 30, 2009 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options	10 years
Option to purchase \| shares	50,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exercisable (in dollars per share)	$ 1.25
Vesting period of options	4 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exercisable (in dollars per share)	$ 1.00
Vesting period of options	1 year

WARRANTS (Details) - $ / Warrant		9 Months Ended
WARRANTS (Details) - $ / Warrant	Dec. 07, 2009	Sep. 30, 2012
Warrants [Abstract]
Exercise price (in dollars per share)	1.00	1.10
Term	10 years	6 years
Volatility		42.00%
Dividends		0.00%
Discount rate		0.05%

WARRANTS (Details 1)	9 Months Ended
WARRANTS (Details 1)	Sep. 30, 2012 $ / Warrant shares	Dec. 07, 2009 $ / Warrant
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share) \| $ / Warrant	1.10	1.00
Number Outstanding	3,342,504
Number Of Warrant Exercisable	3,342,504
Warrant \| Dollar 1.10
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share) \| $ / Warrant	1.10
Number Outstanding	1,342,500
Weighted Average Remaining Contractual Life	4 months
Number Of Warrant Exercisable	1,342,500
Warrant \| Dollar 1
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share) \| $ / Warrant	1.00
Number Outstanding	2,000,004
Weighted Average Remaining Contractual Life	8 years
Number Of Warrant Exercisable	2,000,004

WARRANTS (Detail Textuals)	Sep. 30, 2012 $ / Warrant	Dec. 07, 2009 $ / Warrant shares	Mar. 31, 2007 $ / Warrant shares
Class of Warrant or Right [Line Items]
Warrants granted (in shares) \| shares		2,000,004
Exercise price (in dollars per share) \| $ / Warrant	1.10	1.00
Warrant
Class of Warrant or Right [Line Items]
Warrants granted (in shares) \| shares			1,342,500
Exercise price (in dollars per share) \| $ / Warrant			0.240

WARRANTS (Detail Textuals 1)		9 Months Ended
WARRANTS (Detail Textuals 1)	Dec. 07, 2009 USD ($) $ / Warrant shares	Sep. 30, 2012 $ / Warrant
Warrants [Abstract]
Proceeds from sale of common stock shares \| $	$ 500,002
Number of common stock shares sold	500,002
Purchase of warrants	2,000,004
Term	10 years	6 years
Exercise price (in dollars per share) \| $ / Warrant	1.00	1.10

CONCENTRATIONS (Details) - USD ($)	3 Months Ended		9 Months Ended
CONCENTRATIONS (Details) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenue By Different Industries [Line Items]
Revenues by industries	$ 677,313	$ 561,014	$ 1,932,558	$ 1,880,154
Apparel
Revenue By Different Industries [Line Items]
Revenues by industries	77,173		141,930
Transportation
Revenue By Different Industries [Line Items]
Revenues by industries	141,728	177,841	477,777	503,881
Staffing
Revenue By Different Industries [Line Items]
Revenues by industries	22,168	33,680	66,544	103,408
Service
Revenue By Different Industries [Line Items]
Revenues by industries	344,309	349,493	1,070,872	1,043,485
Other
Revenue By Different Industries [Line Items]
Revenues by industries	91,935		175,435	135,371
Publishing
Revenue By Different Industries [Line Items]
Revenues by industries				$ 94,009

CONCENTRATIONS (Detail Textuals) - Customer Concentration Risk	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Apparel
Concentration Risk [Line Items]
Revenues from apparel importer in Florida percentage	10.00%
Food Service Company \| Accounts receivable
Concentration Risk [Line Items]
Revenues from apparel importer in Florida percentage		11.80%
Paper packaging company \| Accounts receivable
Concentration Risk [Line Items]
Revenues from apparel importer in Florida percentage		10.40%

CONCENTRATIONS (Detail Textuals 1)	Sep. 30, 2012 USD ($)
Risks and Uncertainties [Abstract]
Depository account maximum amount covered by FDIC	$ 250,000

SUPPLEMENTAL DISCLOSURES OF CASH FLOW (Details) - USD ($)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Supplemental Cash Flow Elements [Abstract]
To a financial institution	$ 349,700	$ 404,354
To a related party	15,123	16,669
Total	$ 364,823	$ 421,023

INCOME TAXES (Detail Textuals) $ in Millions	Dec. 31, 2011 USD ($)
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 4

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	1 Months Ended	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Detail Textuals)	Nov. 30, 2009 USD ($)	Sep. 30, 2012 USD ($) Leases
Charlotte
Property Subject to or Available for Operating Lease [Line Items]
Number Of Leases \| Leases		2
Monthly rent		$ 2,340
Boca Raton
Property Subject to or Available for Operating Lease [Line Items]
Monthly rent	$ 1,313
Term Of Lease	24 months
Lease Renewal Term	2 years

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 22, 2010	Sep. 30, 2012	Sep. 30, 2011
Commitments and Contingencies Disclosure [Abstract]
Rental expense		$ 34,500	$ 34,500
Principal amount, sought value	$ 485,000

- Definition

The value (monetary amount) of the award the plaintiff seeks in the legal matter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

ACQUSITION AND DISCONTINUED OPERATIONS (Detail Textuals) - USD ($)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Acqusition and Discontinued Operations [Abstract]
Expenses related to discontinued operations		$ 4,000

- Definition

Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.12)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.14)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 13
-Article 7

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 5

+ Details