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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2012	Mar. 01, 2013	Jun. 30, 2012
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 Well-Known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		18,634,369
Entity Public Float			$ 1,934,000
Document Type	10-K
Document Period End Date	Dec. 31, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 610,439	$ 306,571
Retained interest in purchased accounts receivable, net	7,019,463	6,331,156
Earned but uncollected fee income	168,805	157,070
Prepaid expenses and other	100,998	70,924
Total current assets	7,899,705	6,865,721
PROPERTY AND EQUIPMENT, net	14,257	17,030
SECURITY DEPOSITS	6,023	5,486
Total Assets	7,919,985	6,888,237
CURRENT LIABILITIES:
Due to financial institution	4,977,763	4,427,343
Accounts payable	86,772	45,376
Accrued payroll and related taxes	69,338	60,918
Accrued expenses	59,252	29,609
Collected but unearned fee income	28,642	36,939
Total current liabilities	5,221,767	4,600,185
COMMITMENTS AND CONTINGENCIES
CONVERTIBLE PREFERRED STOCK, net of issuance costs of $1,209,383	671,409	671,409
COMMON STOCK	1,863	1,863
ADDITIONAL PAID IN CAPITAL	7,496,693	7,465,386
ACCUMULATED DEFICIT	(5,471,747)	(5,850,606)
Total Stockholders' Equity	2,698,218	2,288,052
Total Liabilities and Stockholder's Equity	$ 7,919,985	$ 6,888,237

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

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Income Statement [Abstract]
FINANCE REVENUES	$ 2,526,626	$ 2,404,542
INTEREST EXPENSE - financial institution	(454,241)	(500,460)
INTEREST EXPENSE - related parties	(15,123)	(16,669)
NET FINANCE REVENUES	2,057,262	1,887,413
PROVISION FOR CREDIT LOSSES, net of recoveries	(41,797)	(11,970)
FINANCE REVENUES, NET OF INTEREST EXPENSE AND CREDIT LOSSES	2,015,465	1,875,443
OPERATING EXPENSES	(1,636,606)	(1,596,218)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	378,859	279,225
INCOME TAXES
INCOME FROM CONTINUING OPERATIONS	378,859	279,225
LOSS FROM DISCONTINUED OPERATIONS		(4,000)
NET INCOME	$ 378,859	$ 275,225
BASIC EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS (in dollars per share)	$ 0.02	$ 0.01
LOSS FROM DISCONTINUED OPERATIONS (in dollars per share)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share)	0.02	0.01
DILUTED EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS (in dollars per share)	0.02	0.01
LOSS FROM DISCONTINUED OPERATIONS (in dollars per share)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share)	$ 0.02	$ 0.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic (in shares)	18,634,369	18,634,369
Dilutive (in shares)	20,763,632	20,516,132

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2010	$ 671,409	$ 1,863	$ 7,461,779	$ (6,125,831)	$ 2,009,220
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options			4,738		4,738
Benefit for compensation expense related to expired stock options			(1,131)		(1,131)
Net income, year ended				275,225	275,225
Balance at Dec. 31, 2011	671,409	1,863	7,465,386	(5,850,606)	2,288,052
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options			10,229		10,229
Provision for compensation expense related to issued warrants			21,078		21,078
Net income, year ended				378,859	378,859
Balance at Dec. 31, 2012	$ 671,409	$ 1,863	$ 7,496,693	$ (5,471,747)	$ 2,698,218

- 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 portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 378,859	$ 275,225
Loss from discontinued operations		4,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	19,804	20,563
Compensation expense related to issuance of stock options and warrants	31,307	3,607
Allowance for uncollectible accounts	62,949	11,970
Decrease (increase) in retained interest in purchased accounts receivable	(751,256)	1,298,827
Decrease (increase) in earned but uncollected	(11,735)	45,998
Decrease (increase) in prepaid expenses and other	(30,074)	29,706
Increase in security deposits	(537)
Increase (decrease) in accounts payable	41,396	(13,010)
Increase in accrued payroll and related taxes	8,420	5,363
Decrease in collected but not earned	(8,297)	(2,681)
Increase (decrease) in accrued expenses	29,643	(43,493)
Net cash (used in) provided by operating activities - continuing operations	(229,521)	1,636,075
Net cash provided by (used in) operating activities - discontinued operations		(4,000)
Net cash (used in) provided by operating activities	(229,521)	1,632,075
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(17,031)	(18,595)
Net cash used in investing activities	(17,031)	(18,595)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from (payments to) financial institution, net	550,420	(1,180,229)
Payments to lender		(290,000)
Net cash provided by (used in) financing activities	550,420	(1,470,229)
INCREASE IN CASH	303,868	143,251
CASH, beginning of period	306,571	163,320
CASH, end of period	$ 610,439	$ 306,571

BACKGROUND AND DESCRIPTION OF BUSINESS

12 Months Ended

Dec. 31, 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. (formerly BTHC XI, Inc.) and its wholly owned subsidiary, Anchor Funding Services, LLC (“Anchor” or the “Company”). 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 and the consolidated statements of cash flows 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. In addition, unless stated otherwise, any reference to income statement items in these consolidated 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

12 Months Ended

Dec. 31, 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 and the consolidated statements of cash flows as discontinued operations.

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

Revenue Recognition – 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.

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 six months of experience with the customer along with the Company’s experience in the customer’s industry, if applicable.

The amounts recorded as revenue under the accrual method described above are estimates. As purchased invoices and purchase order advances are collected, 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 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 varying types of personal guarantees from their customers relating to the purchased accounts receivable and purchase order advances.

Management considered approximately $80,449 of their December 31, 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.

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $267,000 and $231,000 for the years ended December 31, 2012 and 2011, respectively.

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

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

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

	2012						2011
			(Denominator)						(Denominator)
			Weighted-		Per				Weighted-		Per
	(Numerator)		Average		Share		(Numerator)		Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	378,859		18,634,369	$	0.02	$	275,225		18,634,369	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,129,263		-		-		1,881,763		-
Diluted EPS	$	378,859		20,763,632	$	0.02	$	275,225		20,516,132	$	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) is recognized as an expense in the financial statements as services are performed.

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

See Note 8 for the impact on the operating results for the years ended December 31, 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 – Effective January 31, 2007, the Company became a “C” corporation for income tax purposes. In a “C” corporation income taxes are provided for the tax effects of transactions reported in the consolidated financial statements plus deferred income taxes related to the differences between financial statement and taxable income.

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

· Expenses related to the issuance of equity instruments

· Use of the reserve method of accounting for bad debts

· Net operating loss carryforwards.

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

The Company applied the provisions of ASC 740-10-50, “Accounting For Uncertainty In Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. The Company applied this guidance to all its tax positions, including tax positions taken and those expected to be taken, under the transition provision of the interpretation. For the years ended December 31, 2012 and 2011, the Company concluded that it had no material uncertain tax positions.

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

Recent Accounting Pronouncements –

In May 2011, the 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 June 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.

The FASB amended the Comprehensive Income topic of the ASC in February 2013. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendment does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendment does require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amendment will be effective for the Company on a prospective basis for reporting periods beginning after December 15, 2012. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements.

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

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 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:

	December 31, 2012			December 31, 2011
Purchased invoices	$	8,921,203		$	7,655,933
Purchase order advances		21,156			105,000
Reserve account		(1,842,447	)		(1,412,277	)
Allowance for uncollectible invoices		(80,449	)		(17,500	)
	$	7,019,463		$	6,331,156

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

	December 31, 2012		December 31, 2011
Staffing	$	185,557	$	548,031
Transportation		1,773,290		1,831,051
Service		4,528,668		3,969,574
Manufacturing		612,397		-
	$	7,099,912	$	6,348,656

Adjustments to the allowance for uncollectible invoices were as follows:

	For the years ending December 31,
	2012		2011
Balance - beginning of year	$	17,500	$	80,500
Provision for credit losses		62,949		11,970
Write-offs		-		(74,970	)
Balance - end of year	$	80,449	$	17,500

Total purchased invoices and purchase order advances were as follows:

	For the years ending December 31,
	2012		2011
Purchased invoices	$	95,875,787	$	75,426,252
Purchase order advances		435,928		3,091,834
	$	96,311,715	$	78,518,086

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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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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-Section S99
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-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 SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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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

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	Estimated
	Useful Lives	December 31, 2012			December 31, 2011
Furniture and fixtures	2-5 years	$	46,818		$	44,731
Computers and software	3-7 years		187,505			172,561
			234,323			217,292
Less: accumulated depreciation			(220,066	)		(200,262	)
		$	14,257		$	17,030

Depreciation expense was $19,804 and $20,563 for the years ended December 31, 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	12 Months Ended
DUE TO FINANCIAL INSTITUTION	Dec. 31, 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 four to one (4:1). As of December 31, 2012, the Company was in compliance. The agreement contains customary representations and warranties, events of default and limitations, among other provisions. The agreement is collateralized by a first lien on all Anchors' assets. The agreement’s anniversary date is November 30, 2013 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 $4,977,763 and $4,427,343 as of December 31, 2012 and 2011, respectively. 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% for the first 30 days of the face value for each invoice funded 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

CAPITAL STRUCTURE

12 Months Ended

Dec. 31, 2012

Stockholders Equity Note [Abstract]

CAPITAL STRUCTURE

6. CAPITAL STRUCTURE:

The Company’s capital structure consists of preferred and common stock as described below:

Preferred Stock – The Company is authorized to issue 10,000,000 shares of $.001 par value preferred stock. The Company’s Board of Directors determines the rights and preferences of its preferred stock.

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

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

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

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

The changes in Series 1 Convertible Preferred Stock and Common Stock shares for the years ended December 31, 2012 and 2011 is summarized as follows:

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

Preferred Stock Conversions		-		-
Common Stock Issuances		-		-
Balance December 31, 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

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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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
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-Name Accounting Principles Board Opinion (APB)
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-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
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-Name Statement of Financial Accounting Standard (FAS)
-Number 5
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
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Reference 22: http://www.xbrl.org/2003/role/presentationRef
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-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

12 Months Ended

Dec. 31, 2012

RELATED PARTY TRANSACTION

7. 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 year ended December 31, 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 was 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 years ended December 31, 2012 and 2011, respectively.

Options granted to officers and directors.

On March 20, 2012, M. Rubin and B. Bernstein were each granted 10 year options to purchase 250,000 shares of common stock each for a total of 500,000 shares, with the options vesting over a period of 10 years. Due to the anti-dilution provisions of our Series 1 Convertible Preferred Stock, this grant caused an adjustment of our preferred stock into common stock. Each share of Series 1 Preferred Stock is now convertible into 5.1 shares of the Company’s Common Stock. The holders of the Series 1 Convertible Preferred Stock have the option to convert the shares to Common Stock at any time. See Note 7.

In June 2012, Paul Healy was granted 10-year non-statutory stock options to purchase 180,000 shares of Anchor’s common stock exercisable at $.25 per share. The options vest one-third immediately and one-third on each of the successive anniversary dates from Mr. Healy joining the board until fully vested.

- 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
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-Paragraph 3
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
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-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

12 Months Ended

Dec. 31, 2012

Employment and Stock Option Agreements [Abstract]

EMPLOYMENT AND STOCK OPTION AGREEMENTS

8. 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, 2014.

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 Plan. All of the aforementioned options are fully vested.

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

·	The employment agreement with B. Bernstein currently retains his services as President through January 31, 2014.

An annual salary of $240,000. The Board may periodically review B. Bernstein’s base salary and may determine to increase (but not decrease) the base salary in accordance with such policies as the Company may hereafter adopt from time to time. The Board approved an annual bonus program for Mr. Bernstein commencing with the 2012 fiscal year and ending with the 2014 fiscal year. The annual bonus is equal to 5% of annual net income provided net income is equal to or greater than $200,000. The bonus is calculated on the Company’s audited GAAP financial statements. B. Bernstein shall be entitled to a monthly automobile allowance of $1,000.

·	10-year options to purchase 950,000 shares exercisable at $1.25 per share, pursuant to the Plan. All of the aforementioned options are fully vested.

The following table summarizes information about stock options as of December 31, 2012:

Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.25		1,605,000	4 years		1,605,000
$	1.00		45,000	6 years		33,750
$	0.62		500,000	6 years		500, 000
$	0.17		500,000	9 years		-
$	0.25		180,000	10 years		60,000
			2,830,000			2,198,750

The Company measured the fair value of each option award on the date of grant using the Black Scholes option pricing model with the following assumptions:

Exercise price	$	.17 to $1.25
Term	10 years
Volatility	.41 to 2.50
Dividends		0%
Discount rate	0.08% to 4.75%

The fair value amounts recorded for these options in the statement of operations was $10,229 and $4,738 for the years ended December 31, 2012 and 2011, respectively. Options cancelled for the years ended December 31, 2012 and 2011 totaled $-0- and $1,131, respectively.

The pre-tax fair value effect recorded for these options in the statement of operations for the years ending December 31, 2012 and 2011 was as follows:

	2012		2011

Fully vested stock options	$	2,975	$	2,014
Unvested portion of stock options		7,254		2,724
	$	10,229	$	4,738

Stock option activity and weighted average exercise price is summarized as follows:

	2012					2011					2010
	Options			Price		Options			Price		Options			Price
Outstanding at beginning of year		2,430,000		$	1.12		2,440,000		$	1.12		2,691,500		$	1.10
Granted		680,000			0.19		-			-		-			-
Canceled		(280,000	)		1.25		(10,000	)		1.00		(251,500	)		1.00
Exercised		-			-		-			-		-			-
Outstanding at end of year		2,830,000			0.88		2,430,000			1.12		2,440,000			1.12
Exercisable at end of year		2,198,750		$	1.08		2,401,250		$	1.12		2,397,500		$	1.12

WARRANTS

12 Months Ended

Dec. 31, 2012

Warrants [Abstract]

WARRANTS

9. 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 through January 31, 2013 at the same exercise price of $1.10 per share and were again extended by the Company through January 31, 2014 on the condition that each warrant holder accept a new exercise price of $1.35 per share. 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	%

For the year ended December 31, 2012, the Company recorded compensation expense of $21,078 related to the issuance of these warrants.

On December 7, 2009, the Company received gross proceeds of $500,002 from the sale of 500,002 shares of common stock and ten year warrants to purchase 2,000,004 shares of common stock exercisable at $1.00 per share. 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 December 31, 2012:

				Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.10		1,342,500	1 Month		1,342,500
$	1.00		2,000,004	7 years		2,000,004

CONCENTRATIONS

12 Months Ended

Dec. 31, 2012

Risks and Uncertainties [Abstract]

CONCENTRATIONS

10. CONCENTRATIONS:

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

Industry	For the year ending December 31,
	2012		2011
Staffing	$	69,773	$	147,103
Transportation		782,058		670,090
Service		1,426,583		1,351,193
Other		105,483		141,760
Publishing		-		94,396
Apparel		142,729		-
	$	2,526,626	$	2,404,542

Major Customers – The Company did not have any major customers for the years ending December 31, 2012 and 2011 that represented 10% or more of its revenues.

Client Accounts - As of December 31, 2012, we have five clients that account for an aggregate of approximately 43.8% of our accounts receivable portfolio and approximately 28.9% of our revenues for the year ended December 31, 2012. The transactions and balances with these clients as of and for the year ended December 31, 2012 are summarized below:

	Percentage of Accounts			Percentage of Revenues for
	Receivable Portfolio As of			the Twelve Months Ended
Entity	December 31, 2012			December 31, 2012

Food Service Company in Missouri		12.7	%		7.3	%
IT Consultant in Maryland		10.6	%		7.6	%
Paperboard Company in Michigan		8.3	%		6.2	%
Environmental Consultant in Washington		6.9	%		3.7	%
Trucking Company in Virginia		5.3	%		4.1	%
		43.8	%		28.9	%

If these clients’ balances did not collect, the Company’s total potential loss would be $3,019,024; however, the majority of these balances were subsequently collected and the Company deems them all collectible.

Cash – The Company places its cash and cash equivalents on deposit in noninterest-bearing accounts with financial institutions in the United States. The Federal Deposit Insurance Corporation (FDIC) provides coverage up to $250,000 for substantially all depository accounts. Beginning December 31, 2010 and through December 31, 2012, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account, at all FDIC-insured institutions.

- 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
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-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

12 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL DISCLOSURES OF CASH FLOW

11. SUPPLEMENTAL DISCLOSURES OF CASH FLOW:

Cash paid for interest was as follows:

	For the year ending December 31,
	2012		2011
To a financial institution	$	446,922	$	489,631
To a related party		15,123		16,669
Total	$	462,045	$	506,300

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

For the year ending 2012 –

None

For the year ending 2011 –

None

INCOME TAXES

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

12. INCOME TAXES:

For the year ended December 31, 2012, the Company was able to offset its taxable income through the utilization of net operating loss carryforwards, therefore no current taxes were incurred. For the year ended December 31, 2011, the Company had taxable income from continuing operations, which were offset by net operating loss carryforwards, therefore no current taxes were incurred.

The following table reconciles the total provision for income taxes from continuing operations recorded in the consolidated statement of operations with the amounts computed at the statutory federal tax rate of 34%:

	2012			2011

Federal tax expense at statutory rate		146,000		$	95,000
State tax expense		15,000			11,000
Change in valuation allowance		(161,000	)		(106,000	)
Income taxes	$	-		$	-

Temporary differences between the amounts reported in the financial statements and the tax bases of assets and liabilities resulted in deferred taxes. Deferred tax assets at December 31, 2012 and 2011 were as follows:

	2012			2011

Equity based compensation	$	90,000		$	77,000
Allowance for doubtful accounts		31,000			7,000
Net operating loss carry-forwards		1,426,000			1,624,000

Gross deferred tax assets		1,547,000			1,708,000

Valuation reserve		(1,547,000	)		(1,708,000	)
Income taxes	$	-		$	-

Primarily due to taxable income in 2012, the Company’s net deferred tax asset (prior to any valuation allowance) decreased to $1,547,000. All available evidence, both positive and negative, was considered to determine whether any impairment of this asset should be recognized. Based on consideration of the available evidence including historical losses which must be treated as substantial negative evidence and the potential of future taxable income, a $1,547,000 valuation allowance has been recognized to adjust deferred tax assets to the amount of net operating losses that are expected to be realized. If realized, the tax benefit for this item will reduce current tax expense for that period as it did for the year ended December 31, 2012.

The Company has the following net operating loss carryforwards available to offset future taxable income:

	Amount		Expiration

Federal	$	3,565,000		2022 - 2025
State	$	1,200,000		2022 - 2025

The Company files tax returns in the U.S. federal jurisdiction and various states. At December 31, 2012, federal tax returns remained open for Internal Revenue Service review for tax years after 2009, while state tax returns remain open for review by state taxing authorities for tax years after 2008. There were no federal or state income tax audits being conducted at December 31, 2012.

- 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

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

13. COMMITMENTS AND CONTINGENCIES:

Lease Commitments

The Company has lease agreements for office space in Charlotte, NC, Boca Raton, FL and Medley, Florida. All lease agreements are with unrelated parties.

The Company has two Charlotte leases for adjoining space that expire May 31, 2013 and the company plans to renew for another 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, and on November 1, 2011 renewed for another two years. The monthly rental is approximately $1,413.

Beginning November 12, 2012, the company entered into a six month lease for office space in Medley, FL, with an option to renew for twelve month terms. The monthly rental is $800.

The rental expense for the years ended December 31, 2012 and 2011 was approximately $46,571 and $43,903, respectively. The future minimum lease payments total $32,656 in 2013.

Contingencies

We are not a party to any pending material legal proceedings except as described below. To our knowledge, no governmental authority is contemplating commencing a legal proceeding in which we would be named as a party.

In April 2011, Brookridge incurred a credit loss of approximately $650,000 due to what appears to be a fraud committed by a Brookridge client (hereinafter referred to as a "Sherburne Account" client). Anchor’s interest in this loss is 80% or approximately $520,000 and is included in discontinued operations. Brookridge financed inventory purchased by this client who sold the inventory for the benefit of another company not funded by Brookridge resulting in the loss of Brookridge’s collateral rights in the inventory. As a result, Brookridge recorded a charge of $650,000 for credit losses in April, 2011. As of December 31, 2012, the Company has recouped a total of $177,000 of the $650,000 of credit losses. Anchor is currently pursuing all collection remedies and on October 22, 2011 filed a complaint in the Superior Court of Stamford/Norwalk, Connecticut against the Administrators of the Estate of David Harvey (“Harvey”). Harvey was the owner of Sherburne 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 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:

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.

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 $80,449 of their December 31, 2012 and $17,500 of their December 31, 2011 retained interest in purchased accounts receivable to be uncollectible.

Advertising Costs

Earnings per Share ("EPS")

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
			(Denominator)						(Denominator)
			Weighted-		Per				Weighted-		Per
	(Numerator)		Average		Share		(Numerator)		Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	378,859		18,634,369	$	0.02	$	275,225		18,634,369	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,129,263		-		-		1,881,763		-
Diluted EPS	$	378,859		20,763,632	$	0.02	$	275,225		20,516,132	$	0.01

Stock Based Compensation

See Note 8 for the impact on the operating results for the years ended December 31, 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:

· Expenses related to the issuance of equity instruments

· Use of the reserve method of accounting for bad debts

· 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

Recent Accounting Pronouncements –

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

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

	2012						2011
			(Denominator)						(Denominator)
			Weighted-		Per				Weighted-		Per
	(Numerator)		Average		Share		(Numerator)		Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	378,859		18,634,369	$	0.02	$	275,225		18,634,369	$	0.01
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-		2,129,263		-		-		1,881,763		-
Diluted EPS	$	378,859		20,763,632	$	0.02	$	275,225		20,516,132	$	0.01

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2012

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

Schedule of retained interest in purchased accounts receivable

	December 31, 2012			December 31, 2011
Purchased invoices	$	8,921,203		$	7,655,933
Purchase order advances		21,156			105,000
Reserve account		(1,842,447	)		(1,412,277	)
Allowance for uncollectible invoices		(80,449	)		(17,500	)
	$	7,019,463		$	6,331,156

Schedule of retained interest in purchased accounts receivable excluding allowance for uncollectible invoices

	December 31, 2012		December 31, 2011
Staffing	$	185,557	$	548,031
Transportation		1,773,290		1,831,051
Service		4,528,668		3,969,574
Manufacturing		612,397		-
	$	7,099,912	$	6,348,656

Schedule of adjustments to allowance for uncollectible invoices

	For the years ending December 31,
	2012		2011
Balance - beginning of year	$	17,500	$	80,500
Provision for credit losses		62,949		11,970
Write-offs		-		(74,970	)
Balance - end of year	$	80,449	$	17,500

Schedule of purchased invoices and purchase order advances

	For the years ending December 31,
	2012		2011
Purchased invoices	$	95,875,787	$	75,426,252
Purchase order advances		435,928		3,091,834
	$	96,311,715	$	78,518,086

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	Estimated
	Useful Lives	December 31, 2012			December 31, 2011
Furniture and fixtures	2-5 years	$	46,818		$	44,731
Computers and software	3-7 years		187,505			172,561
			234,323			217,292
Less: accumulated depreciation			(220,066	)		(200,262	)
		$	14,257		$	17,030

CAPITAL STRUCTURE (Tables)

12 Months Ended

Dec. 31, 2012

Stockholders Equity Note [Abstract]

Schedule of conversions of convertible preferred stock and common stock

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

Preferred Stock Conversions		-		-
Common Stock Issuances		-		-
Balance December 31, 2012		376,387		18,634,369

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Employment and Stock Option Agreements [Abstract]

Schedule of information about stock options

Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.25		1,605,000	4 years		1,605,000
$	1.00		45,000	6 years		33,750
$	0.62		500,000	6 years		500, 000
$	0.17		500,000	9 years		-
$	0.25		180,000	10 years		60,000
			2,830,000			2,198,750

Schedule of option input into a Black Scholes option pricing model

Exercise price	$	.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	$	2,975	$	2,014
Unvested portion of stock options		7,254		2,724
	$	10,229	$	4,738

Schedule of stock option activity and weighted average exercise price

	2012					2011					2010
	Options			Price		Options			Price		Options			Price
Outstanding at beginning of year		2,430,000		$	1.12		2,440,000		$	1.12		2,691,500		$	1.10
Granted		680,000			0.19		-			-		-			-
Canceled		(280,000	)		1.25		(10,000	)		1.00		(251,500	)		1.00
Exercised		-			-		-			-		-			-
Outstanding at end of year		2,830,000			0.88		2,430,000			1.12		2,440,000			1.12
Exercisable at end of year		2,198,750		$	1.08		2,401,250		$	1.12		2,397,500		$	1.12

WARRANTS (Tables)

12 Months Ended

Dec. 31, 2012

Warrants [Abstract]

Schedule of warrants, valuation assumptions

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

Schedule of stock warrants

				Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.10		1,342,500	1 Month		1,342,500
$	1.00		2,000,004	7 years		2,000,004

CONCENTRATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Risks and Uncertainties [Abstract]

Schedule of revenue from different industries

Industry	For the year ending December 31,
	2012		2011
Staffing	$	69,773	$	147,103
Transportation		782,058		670,090
Service		1,426,583		1,351,193
Other		105,483		141,760
Publishing		-		94,396
Apparel		142,729		-
	$	2,526,626	$	2,404,542

Schedule of revenue from different client

	Percentage of Accounts			Percentage of Revenues for
	Receivable Portfolio As of			the Twelve Months Ended
Entity	December 31, 2012			December 31, 2012

Food Service Company in Missouri		12.7	%		7.3	%
IT Consultant in Maryland		10.6	%		7.6	%
Paperboard Company in Michigan		8.3	%		6.2	%
Environmental Consultant in Washington		6.9	%		3.7	%
Trucking Company in Virginia		5.3	%		4.1	%
		43.8	%		28.9	%

SUPPLEMENTAL DISCLOSURES OF CASH FLOW (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Elements [Abstract]

Schedule of interest paid in cash

	For the year ending December 31,
	2012		2011
To a financial institution	$	446,922	$	489,631
To a related party		15,123		16,669
Total	$	462,045	$	506,300

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of total provision for income taxes from continuing operations

	2012			2011

Federal tax expense at statutory rate		146,000		$	95,000
State tax expense		15,000			11,000
Change in valuation allowance		(161,000	)		(106,000	)
Income taxes	$	-		$	-

Schedule of deferred assets and liabilities

	2012			2011

Equity based compensation	$	90,000		$	77,000
Allowance for doubtful accounts		31,000			7,000
Net operating loss carry-forwards		1,426,000			1,624,000

Gross deferred tax assets		1,547,000			1,708,000

Valuation reserve		(1,547,000	)		(1,708,000	)
Income taxes	$	-		$	-

Schedule of net operating loss carryforwards

	Amount		Expiration

Federal	$	3,565,000		2022 - 2025
State	$	1,200,000		2022 - 2025

BACKGROUND AND DESCRIPTION OF BUSINESS (Detail Textuals) - Brookridge Funding Services LLC - USD ($)	Dec. 31, 2012	Oct. 06, 2010
Noncontrolling Interest [Line Items]
Percentage of interest in subsidiary Brookridge Funding Services, LLC	80.00%	80.00%
Book value of Anchor's interest in Brookridge		$ 783,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of components used to derive basic and diluted EPS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Accounting Policies [Abstract]
(Numerator) Net Income, Basic EPS	$ 378,859	$ 275,225
(Numerator) Net Income, Effect of Dilutive Securities - Options and Convertible Preferred Stock
(Numerator) Net Income, Diluted EPS	$ 378,859	$ 275,225
(Denominator) Weighted- Average Shares, Basic EPS	18,634,369	18,634,369
(Denominator) Weighted- Average Shares, Effect of Dilutive Securities - Options and Convertible Preferred Stock	2,129,263	1,881,763
(Denominator) Weighted- Average Shares, Diluted EPS	20,763,632	20,516,132
Per Share Amount, Basic EPS	$ 0.02	$ 0.01
Per Share Amount, Effect of Dilutive Securities - Options and Convertible Preferred Stock
Per Share Amount, Diluted EPS	$ 0.02	$ 0.01

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals)	Dec. 31, 2012	Oct. 06, 2010
Brookridge Funding Services LLC
Noncontrolling Interest [Line Items]
Percentage of interest in subsidiary Brookridge Funding Services, LLC	80.00%	80.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Accounting Policies [Abstract]
Maximum percentage of advances on purchase order	100.00%
Uncollectible retained interest in purchased accounts receivable	$ 80,449	$ 17,500	$ 80,500
Total advertising costs	$ 267,000	$ 231,000

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE - Retained interest in purchased accounts receivable (Details) - USD ($)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Loans, Notes, Trade and Other Receivables Disclosure [Abstract]
Purchased invoices	$ 8,921,203	$ 7,655,933
Purchase order advances	21,156	105,000
Reserve account	(1,842,447)	(1,412,277)
Allowance for uncollectible invoices	(80,449)	(17,500)	$ (80,500)
Retained interest in purchased accounts receivable, net	$ 7,019,463	$ 6,331,156

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE - Retained interest in purchased accounts receivable excluding allowance for uncollectible invoices (Details 1) - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	$ 7,099,912	$ 6,348,656
Staffing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	185,557	548,031
Transportation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	1,773,290	1,831,051
Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	4,528,668	3,969,574
Manufacturing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	$ 612,397

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE - Summary of Adjustments to allowance for uncollectible invoices (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Loans, Notes, Trade and Other Receivables Disclosure [Abstract]
Balance - beginning of year	$ 17,500	$ 80,500
Provision for credit losses	62,949	11,970
Write-offs		(74,970)
Balance - end of year	$ 80,449	$ 17,500

RETAINED INTEREST IN PURCHASED ACCOUNTS RECEIVABLE - Summary of purchased invoices and purchase order advances (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Loans, Notes, Trade and Other Receivables Disclosure [Abstract]
Purchased invoices	$ 95,875,787	$ 75,426,252
Purchase order advances	435,928	3,091,834
Purchased invoices and purchase order advances, Total	$ 96,311,715	$ 78,518,086

PROPERTY AND EQUIPMENT - Summary of property and equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 234,323	$ 217,292
Less: accumulated depreciation	(220,066)	(200,262)
Property and equipment, net	14,257	17,030
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 46,818	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 and equipment, Gross	$ 187,505	$ 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 ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Abstract]
Depreciation	$ 19,804	$ 20,563

DUE TO FINANCIAL INSTITUTION (Detail Textuals) - USD ($)	1 Months Ended		12 Months Ended
	Nov. 30, 2011	Nov. 30, 2009	Dec. 31, 2012	Dec. 31, 2011
Line of Credit Facility [Line Items]
Due to financial institution			$ 4,977,763	$ 4,427,343
Senior Accounts Receivable Credit Facility
Line of Credit Facility [Line Items]
Description of variable rate basis	Prime Rate plus 8.0%	Prime Rate plus 2.0%	Prime Rate plus 9.0%
Spread on variable rate	8.00%	2.00%	9.00%
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%
Amount of funds given first preference to finance client		$ 1,000,000
Guarantee amount		250,000
Senior Accounts Receivable Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Maximum borrowed credit facility		7,000,000
Senior Accounts Receivable Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Maximum borrowed credit facility		$ 9,000,000
Commercial Bank \| Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowed credit facility	$ 10,000,000
Percentage of advance under borrowed facility	80.00%
Description of variable rate basis	90 Day Libor Rate plus 6.25%
Spread on variable rate	6.25%
Ratio of debt to tangible net worth	not higher than four to one (4:1)
Notice period to bank	60 days

CAPITAL STRUCTURE - Summary of changes in series 1 convertible preferred stock and common stock shares (Details) - shares	1 Months Ended	12 Months Ended
	Jan. 31, 2007	Dec. 31, 2012	Dec. 31, 2011
Preferred stock conversions (in shares)	2,000,000
Series 1 Convertible Preferred Stock
Balance, beginning (in shares)		376,387	376,387
Preferred stock conversions (in shares)
Common stock issuances (in shares)
Balance, ending (in shares)		376,387	376,387
Common Stock
Balance, beginning (in shares)		18,634,369	18,634,369
Preferred stock conversions (in shares)
Common stock issuances (in shares)
Balance, ending (in shares)		18,634,369	18,634,369

CAPITAL STRUCTURE (Detail Textuals) - $ / shares	1 Months Ended	12 Months Ended
CAPITAL STRUCTURE (Detail Textuals) - $ / shares	Jan. 31, 2007	Dec. 31, 2012	Dec. 31, 2011
Preferred stock, par value (in dollars per share)		$ 0.001
Preferred stock, shares authorized (in shares)		10,000,000
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)		$ 0.0001
Series 1 Convertible Preferred Stock
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)
Preferred stock conversion ratio		5.1 shares
Dividend rate on Series 1 Convertible Preferred Stock		8.00%

RELATED PARTY TRANSACTION (Detail Textuals)		12 Months Ended
RELATED PARTY TRANSACTION (Detail Textuals)	Jun. 05, 2012 USD ($)	Dec. 31, 2012 USD ($) Promissory_Note
Related Party Transaction [Line Items]
Number of promissory notes \| Promissory_Note		2
Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Interest paid		$ 15,123
Morry Rubin \| Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Promissory notes, face amount	$ 200,000
Major Shareholder \| Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Promissory notes, face amount	200,000
Morry Rubin and Major Shareholders \| Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Promissory notes, face amount	$ 400,000
Term of promissory note	90 days
Interest rate of promissory note	15.00%
Rediscount credit facility with a commercial bank	$ 10,000,000

RELATED PARTY TRANSACTION (Detail Textuals 1) - MGM Funding, LLC - Promissory Note - USD ($)	1 Months Ended	12 Months Ended
	Apr. 26, 2011	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]
Maximum borrowed credit facility	$ 2,000,000
Line of credit facility, condition minimum required funds employed	5,000,000
Supplement rediscount credit facility	$ 10,000,000
Interest rate of promissory note	11.00%
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

RELATED PARTY TRANSACTION (Detail Textuals 2) - Stock Options - $ / shares	1 Months Ended		12 Months Ended
	Jun. 30, 2012	Mar. 20, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Related Party Transaction [Line Items]
Number of option granted			680,000
Preferred stock conversion ratio		5.1 shares
Shares exercisable (in dollars per share)			$ 1.08	$ 1.12	$ 1.12
Morry Rubin
Related Party Transaction [Line Items]
Term of options		10 years
Number of option granted		250,000
Vesting period of option		10 years
B Bernstein
Related Party Transaction [Line Items]
Term of options		10 years
Number of option granted		250,000
Vesting period of option		10 years
Officers and Directors
Related Party Transaction [Line Items]
Term of options		10 years
Number of option granted		500,000
Paul Healy
Related Party Transaction [Line Items]
Term of options	10 years
Number of option granted	180,000
Shares exercisable (in dollars per share)	$ 0.25

EMPLOYMENT AND STOCK OPTION AGREEMENTS - Summary of stock option (Details) - Stock Options - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.88	$ 1.12	$ 1.12	$ 1.10
Number Outstanding	2,830,000	2,430,000	2,440,000	2,691,500
Number Exercisable	2,198,750	2,401,250	2,397,500
Exercise Price $ 1.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 1.25
Number Outstanding	1,605,000
Remaining Contractual Life	4 years
Number Exercisable	1,605,000
Exercise Price $ 1.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 1.00
Number Outstanding	45,000
Remaining Contractual Life	6 years
Number Exercisable	33,750
Exercise Price $ 0.62
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.62
Number Outstanding	500,000
Remaining Contractual Life	6 years
Number Exercisable	500,000
Exercise Price $ 0.17
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.17
Number Outstanding	500,000
Remaining Contractual Life	9 years
Exercise Price $ 0.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.25
Number Outstanding	180,000
Remaining Contractual Life	10 years
Number Exercisable	60,000

EMPLOYMENT AND STOCK OPTION AGREEMENTS - Summary of fair value option award on date of grant (Details 1) - Stock Options	12 Months Ended
	Dec. 31, 2012 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term	10 years
Dividends	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 0.17
Volatility	0.41%
Discount rate	0.08%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 1.25
Volatility	2.50%
Discount rate	4.75%

EMPLOYMENT AND STOCK OPTION AGREEMENTS - Summary of pre-tax fair value effect recorded for options in statement of operations (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested and unvested stock option, Total	$ 10,229	$ 4,738
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fully vested stock options	2,975	2,014
Unvested portion of stock options	7,254	2,724
Vested and unvested stock option, Total	$ 10,229	$ 4,738

EMPLOYMENT AND STOCK OPTION AGREEMENTS - Summary of stock option activity and weighted average exercise price (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Cancelled	0	1,131
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of year	2,430,000	2,440,000	2,691,500
Granted	680,000
Cancelled	(280,000)	(10,000)	(251,500)
Exercised
Outstanding at end of year	2,830,000	2,430,000	2,440,000
Exercisable at end of year	2,198,750	2,401,250	2,397,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year	$ 1.12	$ 1.12	$ 1.10
Granted	0.19
Canceled	1.25	1.00	1.00
Exercised
Outstanding at end of year	0.88	1.12	1.12
Exercisable at end of year	$ 1.08	$ 1.12	$ 1.12

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 (in shares)	4,200,000	2,100,000

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 1) - Stock Options - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exercisable (in dollars per share)	$ 1.08	$ 1.12	$ 1.12
2007 Omnibus Equity Compensation Plan \| M Rubins Employment Agreement
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 common stock	650,000
Shares exercisable (in dollars per share)	$ 1.25

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 2) - Stock Options - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exercisable (in dollars per share)	$ 1.08	$ 1.12	$ 1.12
Option award method used	Black Scholes option pricing model
2007 Omnibus Equity Compensation Plan \| B Bernstein Employment Agreement
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
Term of options	10 years
Option to purchase common stock	950,000
Shares exercisable (in dollars per share)	$ 1.25

EMPLOYMENT AND STOCK OPTION AGREEMENTS (Detail Textuals 3) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Employment and Stock Option Agreements [Abstract]
Fair value amounts recorded for option	$ 10,229	$ 4,738
Amount of options cancelled	0	1,131

WARRANTS - Summary of warrants (Details) - Warrant	12 Months Ended
WARRANTS - Summary of warrants (Details) - Warrant	Dec. 31, 2012 $ / shares
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.10
Term	6 years
Volatility	42.00%
Dividends	0.00%
Discount rate	0.05%

WARRANTS - Summary of information about stock warrants (Details 1)	12 Months Ended
	Dec. 31, 2012 $ / warrant shares	Dec. 07, 2009 $ / warrant
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share) \| $ / warrant		1.00
Warrant \| Exercise Price $ 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	1 month
Number Exercisable	1,342,500
Warrant \| Exercise Price $ 1.00
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	7 years
Number Exercisable	2,000,004

WARRANTS (Detail Textuals)	12 Months Ended
WARRANTS (Detail Textuals)	Dec. 31, 2012 USD ($) $ / warrant	Dec. 07, 2009 $ / warrant shares	Mar. 31, 2007 $ / warrant shares
Class of Warrant or Right [Line Items]
Number of common stock shares to purchase warrant \| shares		2,000,004
Exercise price (in dollars per share)		1.00
Warrant
Class of Warrant or Right [Line Items]
Number of common stock shares to purchase warrant \| shares			1,342,500
Exercise price (in dollars per share)	0.240
Compensation expenses for issuance of warrants \| $	$ 21,078
Warrant \| Warrants Extended By 31 January 2013
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)			1.10
Warrant \| Warrants Extended By 31 January 2014
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)			1.35

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

WARRANTS (Detail Textuals 1)	Dec. 07, 2009 USD ($) $ / warrant shares
Warrants [Abstract]
Proceeds from sale of common stock shares \| $	$ 500,002
Number of common stock shares sold	500,002
Term of warrant	10 years
Number of warrants purchased	2,000,004
Exercise price (in dollars per share) \| $ / warrant	1.00

CONCENTRATIONS -Summary of revenue from different industries (Details) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Revenue By Different Industries [Line Items]
Revenues by industries	$ 2,526,626	$ 2,404,542
Staffing
Revenue By Different Industries [Line Items]
Revenues by industries	69,773	147,103
Transportation
Revenue By Different Industries [Line Items]
Revenues by industries	782,058	670,090
Service
Revenue By Different Industries [Line Items]
Revenues by industries	1,426,583	1,351,193
Other
Revenue By Different Industries [Line Items]
Revenues by industries	105,483	141,760
Publishing
Revenue By Different Industries [Line Items]
Revenues by industries		94,396
Apparel
Revenue By Different Industries [Line Items]
Revenues by industries	$ 142,729

CONCENTRATIONS- Summary of client accounts (Details 1) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2012
Accounts Receivable
Concentration Risk [Line Items]
Percentage of revenue from major customer	43.80%
Accounts Receivable \| Food Service Company \| Missouri
Concentration Risk [Line Items]
Percentage of revenue from major customer	12.70%
Accounts Receivable \| IT Consultant \| Maryland
Concentration Risk [Line Items]
Percentage of revenue from major customer	10.60%
Accounts Receivable \| Paperboard Company \| Michigan
Concentration Risk [Line Items]
Percentage of revenue from major customer	8.30%
Accounts Receivable \| Environmental Consultant \| Washington
Concentration Risk [Line Items]
Percentage of revenue from major customer	6.90%
Accounts Receivable \| Trucking Company \| Virginia
Concentration Risk [Line Items]
Percentage of revenue from major customer	5.30%
Revenue
Concentration Risk [Line Items]
Percentage of revenue from major customer	28.90%
Revenue \| Food Service Company \| Missouri
Concentration Risk [Line Items]
Percentage of revenue from major customer	7.30%
Revenue \| IT Consultant \| Maryland
Concentration Risk [Line Items]
Percentage of revenue from major customer	7.60%
Revenue \| Paperboard Company \| Michigan
Concentration Risk [Line Items]
Percentage of revenue from major customer	6.20%
Revenue \| Environmental Consultant \| Washington
Concentration Risk [Line Items]
Percentage of revenue from major customer	3.70%
Revenue \| Trucking Company \| Virginia
Concentration Risk [Line Items]
Percentage of revenue from major customer	4.10%

CONCENTRATIONS (Detail Textuals) - Customer Concentration Risk - Client	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Concentration Risk [Line Items]
Percentage of revenue from major customer	10% or more	10% or more
Percentage of revenue from major customer, description	Company did not have any major customers for the years ending December 31, 2012 and 2011 that represented 10% or more of its revenues.	Company did not have any major customers for the years ending December 31, 2012 and 2011 that represented 10% or more of its revenues.
Number of clients	5
Accounts Receivable
Concentration Risk [Line Items]
Percentage of revenue from major customer	43.80%
Revenue
Concentration Risk [Line Items]
Percentage of revenue from major customer	28.90%

CONCENTRATIONS (Detail Textuals 1)	12 Months Ended
CONCENTRATIONS (Detail Textuals 1)	Dec. 31, 2012 USD ($)
Risks and Uncertainties [Abstract]
Potential loss from client	$ 3,019,024
Depository account maximum amount covered by FDIC	$ 250,000

SUPPLEMENTAL DISCLOSURES OF CASH FLOW - Summary of cash paid for interest (Details) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Supplemental Cash Flow Elements [Abstract]
To a financial institution	$ 446,922	$ 489,631
To a related party	15,123	16,669
Total	$ 462,045	$ 506,300

INCOME TAXES - Summary of total provision for income taxes from continuing operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Federal tax expense at statutory rate	$ 146,000	$ 95,000
State tax expense	15,000	11,000
Change in valuation allowance	(161,000)	(106,000)
Income taxes

INCOME TAXES - Summary of deferred assets and liabilities (Details 1) - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Equity based compensation	$ 90,000	$ 77,000
Allowance for doubtful accounts	31,000	7,000
Net operating loss carry-forwards	1,426,000	1,624,000
Gross deferred tax assets	1,547,000	1,708,000
Valuation reserve	(1,547,000)	(1,708,000)
Income taxes

- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.

+ References + Details

- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts.

+ References + Details

INCOME TAXES - Summary of net operating loss carryforwards available to offset future taxable income (Details 2)	12 Months Ended
	Dec. 31, 2012 USD ($)
Federal
Operating Loss Carryforwards [Line Items]
Future taxable income amount	$ 3,565,000
Future taxable income expiration	2022 - 2025
State
Operating Loss Carryforwards [Line Items]
Future taxable income amount	$ 1,200,000
Future taxable income expiration	2022 - 2025

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
INCOME TAXES (Detail Textuals) - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Statutory federal tax rate	34.00%
Valuation allowance decreases	$ 1,547,000	$ 1,708,000

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	1 Months Ended		2 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Detail Textuals)	Nov. 30, 2011 USD ($)	Nov. 30, 2009	Dec. 31, 2012 USD ($)	Dec. 31, 2012 USD ($) Lease	Dec. 31, 2011 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Rental expense				$ 46,571	$ 43,903
Future minimum lease payments in 2013			$ 32,656	$ 32,656
Charlotte
Property Subject to or Available for Operating Lease [Line Items]
Number of leases \| Lease				2
Monthly rent				$ 2,340
Boca Raton
Property Subject to or Available for Operating Lease [Line Items]
Monthly rent	$ 1,413
Term of lease		24 months
Additional lease renewal term	2 years
Medley
Property Subject to or Available for Operating Lease [Line Items]
Monthly rent			$ 800
Term of lease			6 months
Additional lease renewal term			12 months

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) - Loss from fraud - Brookridge Funding Services LLC - USD ($)	1 Months Ended
	Oct. 22, 2011	Apr. 30, 2011	Dec. 31, 2012
Loss Contingencies [Line Items]
Credit loss		$ 650,000
Percentage of interest in credit loss		80.00%
Loss included in discontinued operations		$ 520,000
Amount of credit losses recouped			$ 177,000
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)
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14557-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14326-108349

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-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