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Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014 shares
Document and Entity Information [Abstract]
Entity Registrant Name	FlexShopper, Inc.
Entity Central Index Key	0001397047
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	21,148,862

Consolidated Balance Sheets - USD ($)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash	$ 962,828	$ 960,032
Accounts receivable, net of allowance for doubtful accounts of $ 9,376 in 2014	12,087	119
Prepaid expenses	122,010	50,188
Lease merchandise, net	652,044	8,004
Assets of discontinued operations	5,588,717	5,363,728
Total current assets	7,337,686	6,382,071
PROPERTY AND EQUIPMENT, net	83,073	58,079
OTHER ASSETS:
Intangible assets - patent costs	30,760	30,760
Security deposits	57,253	9,485
Total other assets	88,013	40,245
Total Assets	7,508,772	6,480,395
CURRENT LIABILITIES:
Accounts payable	353,427	20,349
Accrued payroll and related taxes	128,566	68,140
Accrued expenses	31,386	3,693
Loan payable to officer	150,000
Liabilities of discontinued operations	4,502,064	3,331,955
Total current liabilities	5,165,443	3,424,137
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
PREFERRED STOCK, net of issuance costs of $1,209,383	671,409	671,409
COMMON STOCK	2,115	2,115
ADDITIONAL PAID IN CAPITAL	8,781,962	8,548,162
ACCUMULATED DEFICIT	(7,112,157)	(6,165,428)
Total Stockholders' Equity	2,343,329	3,056,258
Total Liabilities and Stockholder's Equity	$ 7,508,772	$ 6,480,395

Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 9,376
Issuance cost of convertible preferred stock (in dollars)	$ 1,209,383	$ 1,209,383

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
REVENUES:
LEASE REVENUES AND FEES	$ 103,921
COST OF REVENUES:
COST OF LEASE REVENUES AND FEES	48,126
COST OF MERCHANDISE SOLD	3,405
Cost of revenue, Total	51,531
GROSS PROFIT	52,390
GENERAL AND ADMINISTRATIVE EXPENSES	1,253,765
INCOME TAXES
LOSS FROM CONTINUING OPERATIONS	(1,201,375)
INCOME FROM DISCONTINUED OPERATIONS	254,646	52,916
NET (LOSS) INCOME	$ (946,729)	$ 52,916
BASIC EARNINGS PER COMMON SHARE:
LOSS FROM CONTINUING OPERATIONS	$ (0.05)
INCOME FROM DISCONTINUED OPERATIONS	0.01
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(0.04)
DILUTED EARNINGS PER COMMON SHARE:
LOSS FROM CONTINUING OPERATIONS	(0.05)
INCOME FROM DISCONTINUED OPERATIONS	0.01
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (0.04)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic	21,148,862	18,634,369
Dilutive	21,148,862	20,691,517

Consolidated Statements of Changes In Stockholders' Equity - 3 months ended Mar. 31, 2014 - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance at Dec. 31, 2013	$ 3,056,258	$ 671,409	$ 2,115	$ 8,548,162	$ (6,165,428)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options	231,000			231,000
Provision for compensation expense related to issued warrants	2,800			2,800
Net loss	(946,729)				(946,729)
Balance at Mar. 31, 2014	$ 2,343,329	$ 671,409	$ 2,115	$ 8,781,962	$ (7,112,157)

- Definition

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

+ References

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-Publisher FASB
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+ Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (946,729)	$ 52,916
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Income from discontinued operation:	(254,646)
Depreciation and amortization	14,988
Depreciation of lease merchandise	48,126
Compensation expense related to issuance of stock options	231,000
Compensation expense related to issuance of warrants	2,800
Allowance for uncollectible accounts	9,376
Changes in operating assets and liabilities:
(Increase) in accounts receivable	(21,344)
Increase in prepaid expenses and other	(71,823)
(Increase) in lease merchandise	(692,166)
(Increase) in security deposits	(47,768)
Increase in accounts payable	333,078
Increase in accrued payroll and related taxes	60,425
Increase in accrued expenses	27,693
Net cash used by operating activities - continuing operations	(1,306,990)
Net cash provided (used) by operating activities - discontinued operations	65,382	(888,432)
Net cash used by operating activities	(1,241,608)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(39,982)
Net cash used in investing activities - continuing operations	(39,982)
Net cash used in investing activities- discontinued operations		(13,423)
Net cash used in investing activities	(39,982)	(13,423)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from officer	150,000
Net cash provided by financing operations - continuing operations	150,000
Net cash provided by financing operations - discontinued operations	1,134,386	988,685
Net cash provided by financing activities	1,284,386	988,685
INCREASE IN CASH	2,796	86,830
CASH, beginning of period	960,032	610,439
CASH, end of period	$ 962,828	$ 697,269

Background and Description of Business	3 Months Ended
Background and Description of Business	Mar. 31, 2014
Background and Description of Business [Abstract]
BACKGROUND AND DESCRIPTION OF BUSINESS	1. BACKGROUND AND DESCRIPTION OF BUSINESS: The consolidated financial statements include the accounts of FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the “Company”) and its wholly owned subsidiary, FlexShopper, LLC (“FlexShopper”). FlexShopper, Inc. is a Delaware holding corporation. FlexShopper, Inc. has no operations; substantially all operations of the Company are the responsibility of FlexShopper. The Company decided to concentrate its efforts on the operations of FlexShopper and subsequently on March 6, 2014 the Company signed a non-binding letter of intent with a financial institution to sell substantially all of the operating assets of its wholly owned subsidiary, Anchor Funding Services, LLC (“Anchor”). The sale is expected to be finalized by the middle of May 2014. (See Footnotes 3 and 13) The consolidated statements of operations and the consolidated statements of cash flows for the three months ended March 31, 2014 and 2013 reflect the historical operations of Anchor as discontinued operations. The 2014 and 2013 consolidated balance sheets contain amounts attributable to Anchor and are classified as discontinued. 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 statement of operations items in these financial statements refers to results from continuing operations. FlexShopper is a North Carolina Limited Liability Company formed in June 2013 that provides certain types of durable goods to consumers on a lease-to-own basis and also provides lease-to-own terms to consumers of third party retailers and e-tailers. The Company has been generating revenues from this new line of business since December 2013. Management believes that the introduction of FlexShopper's lease-to-own (LTO) programs support broad untapped expansion opportunities within the U.S. consumer e-commerce and retail marketplaces. FlexShopper and its online LTO products provide consumers the ability to acquire durable goods, including electronics, computers and furniture on an affordable payment, lease basis. Concurrently, e-tailers and retailers that work with FlexShopper may increase their sales by utilizing FlexShopper's online channels to connect with consumers that want to acquire products on an LTO basis. The Company anticipates additional expenses of approximately $350,000 per month or potentially higher as FlexShopper implements its programs and continues to build an infrastructure to support its revenues and business objectives. These expenses will be funded by the sale of Anchor and a sale of the Company’s restricted stock. (See Note 13) FlexShopper incurred a net loss of approximately $1,201,000 which is reflected in the statements of operations for the three months ended March 31, 2014. Anchor is a North Carolina limited liability company. Anchor 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

3 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation - The accompanying consolidated financial statements include the accounts of FlexShopper, Inc. and, its wholly owned subsidiary FlexShopper, LLC . The company’s wholly owned subsidiary, Anchor Funding Services, LLC (“Anchor”) is reflected in the consolidated statements of operations and the consolidated statements of cash flows as discontinued operations for the three months ended March 31, 2014 and March 31, 2013.

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.

The Lease Purchase Transaction -The lease purchase transaction is a flexible alternative for consumers to obtain use and enjoyment of brand name merchandise with no long-term obligation. Key features of the lease purchase transaction in our program include:

Brand name merchandise. We offer the ability to acquire on line or in participating retailers well-known brands of home electronics, appliances, computers and/or tablets; and furniture.

Convenient payment drafting. We charge our customers’ bank account or debit card primarily on a weekly basis and will accommodate bi-weekly requests. Lease payments are generally made in advance and, together with applicable fees, constitute our primary revenue source.

Flexible options to obtain ownership. Ownership of the merchandise generally transfers to the customer if the customer has completed the payments required in the lease purchase agreement generally 52 weeks or exercises the 90 day same as cash early purchase option.

Revenue Recognition - Merchandise is leased to customers pursuant to lease purchase agreements which provide for weekly and bi-weekly lease terms with non-refundable lease payments. Generally the customer has the right to acquire title either through a 90 day same as cash option or through payments of all required lease payments for ownership. Lease revenues are recognized in the month they are due on the accrual basis of accounting. On a monthly basis, we record an accrual for lease revenues due but not yet received, net of allowances, and a deferral of revenue for lease payments received prior to the month due. Our revenue recognition accounting policy matches the lease revenue with the corresponding costs, mainly depreciation associated with the leased merchandise.

Lease Merchandise – Lease merchandise is carried at cost, net of accumulated depreciation. The Company depreciates leased merchandise using the straight line method over the applicable agreement period for a consumer to acquire ownership generally twelve months. If a customer does not make payments the remaining book value of the lease merchandise associated with the delinquent accounts is generally charged off to expense on or before the 90th day following the time the account became past due. Depreciation of lease merchandise is included in the cost of lease revenues in the statements of operations.

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

Cost of Merchandise Sold – Cost of merchandise sold represents the net book value of rental merchandise at the time of sale.

General and Administrative Expenses – General and Administrative expenses include all corporate overhead expenses related to our headquarters such as salaries, payroll taxes and benefits, stock based compensation, occupancy, administrative and other expenses.

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $35,000 and $0 for the three months ended March 31, 2014 and 2013, 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.

Also when there is a year-to-date loss from operations, potential common shares are not included in the computation of diluted earnings per share, since they have an anti-dilutive effect. For the three months ending March 31, 2014 there was a loss from operations.

	2014								2013
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Three Months Ended March 31,
Basic EPS	$	(946,729	)		21,148,862	$	(0.04	)	$	52,916		18,634,369	$	-
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-			-		-			-		2,057,148		-
Diluted EPS	$	(946,729	)		21,148,862	$	( 0.04	)	$	52,916		20,691,517	$	-

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 to our financial statements for the impact on the operating results for the three months ended March 31, 2014 and 2013.

Fair Value of Financial Instruments – The carrying value of cash equivalents, accounts payable and accrued liabilities and loan payable to officer, due to their short term nature approximate fair value.

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

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

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

· Expense 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 three months ended March 31, 2014 and 2013, the Company concluded that it had no material uncertain tax positions.

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

Recent Accounting Pronouncements –

The FASB amended the Comprehensive Income topic of the ASC in February 2013 with ASU No. 2013-02. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendment does not change the current requirements for reporting net income or other comprehensive income in the 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 guidance became effective for the Company in the first quarter of fiscal year 2014. This amendment did not have a material effect on the Company’s financial statements.

In July 2013, the FASB issued ASU 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, " which among other things, require an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as denoted within the ASU. The guidance became effective for the Company in the first quarter of fiscal year 2014. The guidance did not have a material effect on the Company’s 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.

Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS:

3. DISCONTINUED OPERATIONS:

The Company decided to concentrate its efforts on the operations of FlexShopper and subsequently on March 6, 2014 the Company signed a non-binding letter of intent and later a definitive asset purchase and sale agreement (See Note 13) with a financial institution to sell substantially all of the operating assets of Anchor. The sale of Anchor is expected to create liquidity and provide capital to support the operations growth and development of FlexShopper. Anchor’s revenues reported in discontinued operations for the three months ended March 31, 2014 and 2013 were $463,842 and $602,607, respectively. Anchor’s net income reported in discontinued operations for the three months ended March 31, 2014 and 2013 was $254,646 and $52,916, respectively. The assets, other assets and liabilities of the discontinued operations are presented separately under the captions “Assets of discontinued operations,” “Non-current assets of discontinued operations” and “Liabilities of discontinued operations” in the accompanying Balance Sheets at March 31, 2014 and December 31, 2013 and consist of the following:

	March 31, 2014		December 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$	5,290,042	$	4,966,338
Earned but uncollected fees		118,898		141,077
Due from client		179,777		256,313

	$	5,588,717	$	5,363,728

Liabilities of discontinued operations:
Accounts payable	$	52,940	$	26,966
Accrued expenses		57,923		51,719
Due to financial institution		4,375,338		3,240,942
Deferred revenue		15,863		12,328

	$	4,502,064	$	3,331,955

Due from client - As of March 31, 2014, Anchor was owed $179,777 from a Food Service Company from whom Anchor had purchased invoices. In July 2013, Anchor determined that the Food Service Company had misdirected certain payments due to Anchor, and Anchor ceased funding this client. On August 8, 2013, the Food Service Company filed Chapter 11 Bankruptcy. At the time of the bankruptcy filing, Anchor's total funding employed to the Food Service Company was approximately $1,453,500. Under a Court Order approved settlement with the Food Service Company, Anchor collected approximately $1,153,500 of the Food Service Company's accounts receivable. By Court Order, the final balance of $300,000 is to be paid to Anchor in twelve monthly installments of $25,000 beginning November 8, 2013.

Major classes of income and expenses shown as income from discontinued operations in the Consolidated Statement of Operations are as follows:

	Three Months Ended
	March 31, 2014			March 31, 2013

Finance revenues	$	463,842		$	602,607
Interest expense-financial institution		(70,614	)		(102,381	)
Provision for credit losses		(864	)		-
Net finance revenues		392,364			500,226
Operating expenses		(137,718	)		(443,147	)
Depreciation		-			(4,163	)
Net income from discontinued operations	$	254,646		$	52,916

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details

Property and Equipment

3 Months Ended

Mar. 31, 2014

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	Estimated
	Useful Lives	March 31, 2014			December 31, 2013
Furniture and fixtures	2-5 years	$	71,710		$	64,945
Computers and software	3-7 years		284,742			251,525
			356,452			316,470
Less: accumulated depreciation			(273,379	)		(258,391	)
		$	83,073		$	58,079

Depreciation expense was $14,988 and $4,163 for the quarters ended March 31, 2014 and 2013, respectively.

Loan Payable to Officer	3 Months Ended
Loan Payable to Officer	Mar. 31, 2014
Loan Payable to Officer [Abstract]
LOAN PAYABLE TO OFFICER:	5. LOAN PAYABLE TO OFFICER: On March 19, 2014 upon approval of the Board of Directors, FlexShopper entered into two Promissory Notes totaling $1,000,000, one with CEO Morry Rubin and the other with a major shareholder and Director of the company. Each demand Promissory Note is for $500,000 and earns interest (payable monthly) at 10% per annum. The Promissory Notes are to assist FlexShopper in purchasing merchandise for lease to support FlexShopper’s growth. As of March 31, 2014 the balance due on these notes was $150,000. See Note 13.

Capital Structure

3 Months Ended

Mar. 31, 2014

Capital Structure [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, subject to certain anti-dilution rights. 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 was 8%. Dividends were paid between 2007 and 2009 annually on December 31st in the form of additional Series 1 Convertible Preferred Stock unless the Board of Directors approved a cash dividend. Dividends on Series 1 Convertible Preferred Stock ceased to accrue on the earlier of December 31, 2009, or on the date they were converted to Common Shares. Thereafter, the holders of Series 1 Convertible Preferred Stock have the same dividend rights as holders of Common Stock, as if the Series 1 Convertible Preferred Stock had been converted to Common Stock.

As of March 31, 2014 there were 367,387 shares of Series 1 Convertible Preferred Stock outstanding.

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

During the fourth quarter of 2013, the Company raised $1,000,000 from the sale of its restricted Common Stock at $.40 per share. An aggregate of 2,500,000 shares of Common Stock were sold under Rule 506 and/or Section 4(2) of the Securities Act of 1933 as amended. The Company also issued 14,493 shares to consultants for services rendered.

The were no changes in Series 1 Convertible Preferred Stock and Common Stock shares for the three months ended March 31, 2014.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ 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))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Glossary Preferred Stock
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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-Paragraph d
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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-Article 3

+ Details

Related Party Transactions

3 Months Ended

Mar. 31, 2014

RELATED PARTY TRANSACTIONS

7. RELATED PARTY TRANSACTION:

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. These options were fully vested in 2013. 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 8.

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

In June 2013, the Company granted the Chief Information Officer of FlexShopper, which is a non-executive officer position, 10-year Incentive Stock Options to purchase 100,000 shares of Anchor's Common Stock, exercisable at $.35 per share. The options vest one-third immediately, and one-third on each of the successive anniversary dates from the date the FlexShopper Chief Information Officer commenced work.

- 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 + Details

Employment and Stock Option Agreements

3 Months Ended

Mar. 31, 2014

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, 2015.

On August 8, 2013, the Board agreed to modify M. Rubin’s employment agreement and approved an annual salary of $125,000. Previously, M. Rubin received an annual salary of $1.00. M. Rubin is eligible to receive periodic review of his base salary and annual bonuses as determined by the Company’s compensation committee. M. Rubin shall be entitled to a monthly automobile allowance of $1,500.

·	10-year options to purchase 650,000 shares exercisable at $1.25 per share, pursuant to the Plan. All of the aforementioned options are fully vested.

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

·	The employment agreement with B. Bernstein currently retains his services as President through January 31, 2015.

·	An annual salary of $240,000. The Board may periodically review B. Bernstein’s base salary and may determine to increase (but not decrease) the base salary in accordance with such policies as the Company may hereafter adopt from time to time.

The Board approved an annual bonus program for Mr. Bernstein commencing with the 2011 fiscal year and ending with the 2013 fiscal year. The annual bonus was equal to 5% of annual net income provided net income is equal to or greater than $200,000. The bonus was calculated on the Company’s audited GAAP financial statements. B. Bernstein is 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 March 31, 2014:

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		45,000
$	0.62		500,000	6 years		500,000
$	0.17		500,000	9 years		500,000
$	0.80		550,000	10 years		550,000
$	0.25		180,000	10 years		120,000
$	0.35		100,000	10 years		33,333
$	0.30		50,000	10 years		16,667
$	0.45		25,000	10 years		8,333
$	0.75		25,000	10 years		-
$	0.82		10,000	10 years		-
$	0.55		20,000	10 years		-
			3,610,000			3,378,333

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

Exercise price				$.17 to $1.25
Term				10 years
Volatility				0.37 to 2.50
Dividends				0%
Discount rate				0.02% to 4.75%

·	The fair value amounts recorded for these options in the statements of operations was $231,000 and $2,226 for the three months ended March 31, 2014 and 2013, respectively.

Warrants

3 Months Ended

Mar. 31, 2014

Warrants [Abstract]

WARRANTS

9. WARRANTS:

We have outstanding warrants to purchase 1,342,500 shares of the Company’s common stock, which warrants were due to expire on January 31, 2014 but were extended by the Company through January 31, 2018. These warrants are now exercisable at $1.10 per share. The following information was input into BSM to compute a per warrant price of $.104:

Exercise price	$	1.10
Term	4 years
Volatility		37%
Dividends		0	%
Discount rate		.09	%

For the three months ended March 31, 2014 and 2013, the Company recorded compensation expense of $2,800 and $1,916 respectively, 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 March 31, 2014:

				Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.10		1,342,500	4 years		1,342,500
$	1.00		2,000,004	7 years		2,000,004

Supplemental Disclosures of Cash Flow	3 Months Ended
Supplemental Disclosures of Cash Flow	Mar. 31, 2014
Supplemental Disclosures of Cash Flow [Abstract]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW	10. SUPPLEMENTAL DISCLOSURES OF CASH FLOW: Non-cash financing and investing activities consisted of the following: For the three months ending March 31, 2014 None For the three months ending March 31, 2013 None

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Abstract]
INCOME TAXES	11. INCOME TAXES: As of March 31, 2014, the Company had approximately $4.3 million of net operating loss carryforwards (“NOL”) for income tax purposes. The NOL’s expire in various years from 2022 through 2025. The Company’s use of operating loss carryforwards is subject to limitations imposed by the Internal Revenue Code. Management believes that the deferred tax assets as of March 31, 2014 do not satisfy the realization criteria and has recorded a valuation allowance for the entire net tax asset. By recording a valuation allowance for the entire amount of future tax benefits, the Company has not recognized a deferred tax benefit for income taxes in its statements of operations.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

12. COMMITMENTS AND CONTINGENCIES:

Lease Commitments

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

The Company has two Charlotte leases for adjoining space that expire May 31, 2014. The monthly rent for the combined space is approximately $2,340.

On August 1, 2013, FlexShopper entered into a 39 month lease for office space in Boca Raton, FL to accommodate the FlexShopper business and its additional employees. The monthly rent was approximately $6,800. This lease agreement was amended in January 2014 to reflect a 63 month term for a larger suite in an adjoining building. Upon commencement the monthly base rent including operating expenses for the first year will be approximately $15,800 with annual three percent increases throughout the lease term.

Anchor had a lease for office space in Medley, FL, which was to expire on May 12, 2014. Anchor terminated this lease in 2013 and forfeited its security deposit.

The rental expense for the three months ended March 31, 2014 and 2013 was approximately $34,000 and $14,341, respectively. As of March 31, 2014, the future annual minimum lease payments are approximately as follows:


2015	$	88,300
2016		117,600
2017		122,000
2018		126,000
2019		129,600
Thereafter		77,200
	$	660,700

Contingencies

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

On October 22, 2010, Anchor filed a complaint in the Superior Court of Stamford/Norwalk, Connecticut against the Administrators of the Estate of David Harvey (“Harvey”) to recoup a credit loss incurred by the Company’s former subsidiary, Brookridge Funding Services, LLC. Harvey was the owner of a Company that caused the credit loss and the Company is pursuing its rights under the personal guarantee that Harvey provided. The Complaint is demanding principal of approximately $485,000 plus interest and damages.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS On April 30, 2014, Anchor entered into an Asset Purchase and Sale Agreement (the “Purchase Agreement”) with a Bank, pursuant to which Anchor will sell to the Bank substantially all of its assets (the “Anchor Assets”), consisting primarily of its factoring portfolio (the “Portfolio Accounts”). The purchase price for the Anchor Assets will equal (1) 110% of the total funds outstanding associated with the Portfolio Accounts plus (2) an amount equal to 50% of the factoring fee and interest income earned by the Portfolio Accounts during the 12 month period following acquisition (“Earnout Payments”). The sale of the Anchor Assets will take place in a series of closings that will take place through May 15, 2014. In connection with each closing, Anchor shall use the proceeds thereof to pay to Bank all amounts due for factor advances associated with the Portfolio Accounts acquired pursuant to such closing under Anchor’s Rediscount Facility Agreement with the Bank entered into as of November 30, 2011 (the “Rediscount Facility Agreement”). In accordance with the Purchase Agreement, following the final closing thereunder all obligations of Anchor under the Rediscount Facility Agreement (and the associated Validity Warranty) shall be paid and satisfied in full and such agreement shall be terminated and have no further force and effect. The Company is currently seeking to raise up to $8 million through the sale of its restricted Common Stock. As of May 8, 2014, the Company has received gross proceeds of $1,265,000 from the sale of 2,300,000 shares of Common Stock. Pursuant to the terms of the private placement offering, George Rubin and Morry F. Rubin, officers, directors and/or founders of the Company, have completed the funding of their $500,000 loans to the Company (which loans are described in Note 5) and have converted these loans into shares of the Company’s Common Stock at the same offering price per share as that paid by investors in the offering. An aggregate of 1,818,182 shares of the Company’s Common Stock were issued to the Rubins from the conversion of the principal of their notes plus any accrued interest. In connection with the offering, the Company obtained lock-up agreements from George Rubin, Morry F. Rubin, Rubin Trusts, Brad Bernstein and his wife and a principal stockholder agreeing not to sell, transfer, assign, gift, pledge or hypothecate their securities of the Company for a period of time commencing with the date hereof and ending on September 1, 2015. The foregoing shall not apply to transactions where the purchaser, transferee, assignee, donee or pledgee agree to be bound by the provisions of this lock-up agreement or in the event that control of the Company is sold pursuant to a transaction approved by the board of the Company or pursuant to a stock tender offer accepted by a majority of shareholders.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Principles of Consolidation

Estimates

The Lease Purchase Transaction

Brand name merchandise. We offer the ability to acquire on line or in participating retailers well-known brands of home electronics, appliances, computers and/or tablets; and furniture.

Revenue Recognition

Lease Merchandise

Lease Merchandise – Lease merchandise is carried at cost, net of accumulated depreciation. The Company depreciates leased merchandise using the straight line method over the applicable agreement period for a consumer to acquire ownership generally twelve months. If a customer does not make payments the remaining book value of the lease merchandise associated with the delinquent accounts is generally charged off to expense on or before the 90th day following the time the account became past due. Depreciation of lease merchandise is included in the cost of lease revenues in the statements of operations.

Intangible Assets

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

Cost of Merchandise Sold

Cost of Merchandise Sold – Cost of merchandise sold represents the net book value of rental merchandise at the time of sale.

General and Administrative Expenses

Advertising Costs

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $35,000 and $0 for the three months ended March 31, 2014 and 2013, respectively.

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.

	2014								2013
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Three Months Ended March 31,
Basic EPS	$	(946,729	)		21,148,862	$	(0.04	)	$	52,916		18,634,369	$	-
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-			-		-			-		2,057,148		-
Diluted EPS	$	(946,729	)		21,148,862	$	( 0.04	)	$	52,916		20,691,517	$	-

Stock Based Compensation

See Note 8 to our financial statements for the impact on the operating results for the three months ended March 31, 2014 and 2013.

Fair Value of Financial Instruments

Fair Value of Financial Instruments – The carrying value of cash equivalents, accounts payable and accrued liabilities and loan payable to officer, due to their short term nature approximate fair value.

Cash and Cash Equivalents

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

Income Taxes

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

· Expense 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)

3 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

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

	2014								2013
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Three Months Ended March 31,
Basic EPS	$	(946,729	)		21,148,862	$	(0.04	)	$	52,916		18,634,369	$	-
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-			-		-			-		2,057,148		-
Diluted EPS	$	(946,729	)		21,148,862	$	( 0.04	)	$	52,916		20,691,517	$	-

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

	March 31, 2014		December 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$	5,290,042	$	4,966,338
Earned but uncollected fees		118,898		141,077
Due from client		179,777		256,313

	$	5,588,717	$	5,363,728

Liabilities of discontinued operations:
Accounts payable	$	52,940	$	26,966
Accrued expenses		57,923		51,719
Due to financial institution		4,375,338		3,240,942
Deferred revenue		15,863		12,328

	$	4,502,064	$	3,331,955

Schedule Of Disposal Groups Including Discontinued Operations Income Statement

	Three Months Ended
	March 31, 2014			March 31, 2013

Finance revenues	$	463,842		$	602,607
Interest expense-financial institution		(70,614	)		(102,381	)
Provision for credit losses		(864	)		-
Net finance revenues		392,364			500,226
Operating expenses		(137,718	)		(443,147	)
Depreciation		-			(4,163	)
Net income from discontinued operations	$	254,646		$	52,916

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2014

Property and Equipment [Abstract]

Schedule of property and equipment

	Estimated
	Useful Lives	March 31, 2014			December 31, 2013
Furniture and fixtures	2-5 years	$	71,710		$	64,945
Computers and software	3-7 years		284,742		251,525
			356,452			316,470
Less: accumulated depreciation			(273,379	)		(258,391	)
		$	83,073		$	58,079

Employment and Stock Option Agreements (Tables)

3 Months Ended

Mar. 31, 2014

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		45,000
$	0.62		500,000	6 years		500,000
$	0.17		500,000	9 years		500,000
$	0.80		550,000	10 years		550,000
$	0.25		180,000	10 years		120,000
$	0.35		100,000	10 years		33,333
$	0.30		50,000	10 years		16,667
$	0.45		25,000	10 years		8,333
$	0.75		25,000	10 years		-
$	0.82		10,000	10 years		-
$	0.55		20,000	10 years		-
			3,610,000			3,378,333

Schedule of option input into a Black Scholes option pricing model

Exercise price				$.17 to $1.25
Term				10 years
Volatility				0.37 to 2.50
Dividends				0%
Discount rate				0.02% to 4.75%

Warrants (Tables)

3 Months Ended

Mar. 31, 2014

Warrants [Abstract]

Schedule of warrants, valuation assumptions

Exercise price	$	1.10
Term	4 years
Volatility		37%
Dividends		0	%
Discount rate		.09	%

Schedule of stock warrants

			Weighted Average
Exercise		Number		Remaining	Number
Price		Outstanding		Contractual Life	Exercisable

$	1.10		1,342,500	4 years		1,342,500
$	1.00		2,000,004	7 years		2,000,004

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Schedule of Future Minimum Lease Payments


2014	$	86,900
2015		117,600
2016		122,000
2017		126,000
2018		129,600
Thereafter		77,200
	$	659,300

Background and Description of Business (Details)	3 Months Ended
Background and Description of Business (Details)	Mar. 31, 2014 USD ($)
Background and Description of Business [Abstract]
Anticipates Additional Expenses	$ 350,000
Net loss	$ (1,201,375)

Summary of Significant Accounting Policies - Reconciliation of components used to derive basic and diluted EPS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Summary of Significant Accounting Policies [Abstract]
(Numerator) Net Income (Loss), Basic EPS	$ (946,729)	$ 52,916
(Numerator) Net Income (Loss), Effect of Dilutive Securities - Options and Convertible Preferred Stock
(Numerator) Net Income (Loss), Diluted EPS	$ (946,729)	$ 52,916
(Denominator) Weighted- Average Shares, Basic EPS	21,148,862	18,634,369
(Denominator) Weighted- Average Shares, Effect of Dilutive Securities - Options and Convertible Preferred Stock		2,057,148
(Denominator) Weighted- Average Shares, Diluted EPS	21,148,862	20,691,517
Per Share Amount, Basic EPS	$ (0.04)
Per Share Amount, Effect of Dilutive Securities - Options and Convertible Preferred Stock
Per Share Amount, Diluted EPS	$ (0.04)

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Summary of Significant Accounting Policies [Abstract]
Total advertising costs	$ 35,000	$ 0
Legal Useful life	20 years
Amortization method	Straight line method
Flexible options to obtain ownership description	Customer has completed the payments required in the lease purchase agreement generally 52 weeks or exercises the 90 day same as cash early purchase option.

Discontinued Operations (Details) - USD ($)	Mar. 31, 2014	Dec. 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$ 5,290,042	$ 4,966,338
Earned but uncollected fees	118,898	141,077
Due from client	179,777	256,313
Assets of discontinued operations, Total	5,588,717	5,363,728
Liabilities of discontinued operations:
Accounts payable	52,940	26,966
Accrued expenses	57,923	51,719
Due to financial institution	4,375,338	3,240,942
Deferred revenue	15,863	12,328
Liabilities of discontinued operations,Total	$ 4,502,064	$ 3,331,955

Discontinued Operations (Details 1) - USD ($)	3 Months Ended
Discontinued Operations (Details 1) - USD ($)	Mar. 31, 2014	Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Finance revenues	$ 463,842	$ 602,607
Interest expense-financial institution	(70,614)	(102,381)
Provision for credit losses	(864)
Net finance revenues	392,364	500,226
Operating expenses	(137,718)	(443,147)
Depreciation		(4,163)
INCOME FROM DISCONTINUED OPERATIONS	$ 254,646	$ 52,916

Discontinued Operations (Detail Textual) - USD ($)	3 Months Ended
Discontinued Operations (Detail Textual) - USD ($)	Mar. 31, 2014	Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Finance revenues	$ 463,842	$ 602,607
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	(254,646)	$ (52,916)
Amount owed from a client	179,777
Total funding employed	1,453,500
Bankruptcy claims, amount settled	1,153,500
Bankruptcy claims, final balance	300,000
Bankruptcy claims, installment amount	$ 25,000
Bankruptcy Claims Installment Payment Terms	The final balance of $300,000 is to be paid to Anchor in twelve monthly installments of $25,000 beginning November 8, 2013.

Property and Equipment - Summary of property and equipment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 356,452	$ 316,470
Less: accumulated depreciation	(273,379)	(258,391)
Property and equipment, net	83,073	58,079
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 71,710	64,945
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	$ 284,742	$ 251,525
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

Property and Equipment (Details Textual) - USD ($)	3 Months Ended
Property and Equipment (Details Textual) - USD ($)	Mar. 31, 2014	Mar. 31, 2013
Property and Equipment [Abstract]
Depreciation	$ 14,988	$ 4,163

Loan Payable to Officer (Details)	1 Months Ended
Loan Payable to Officer (Details)	Mar. 19, 2014 USD ($) Promissory_Note	Mar. 31, 2014 USD ($)
Schedule Of Loan Payable To Officer [Line Items]
Number of promissory notes \| Promissory_Note	2
Loans payable		$ 150,000
Morry Rubin \| Line Of Credit Promissory Note
Schedule Of Loan Payable To Officer [Line Items]
Promissory notes, face amount	$ 500,000
Major Shareholder \| Line Of Credit Promissory Note
Schedule Of Loan Payable To Officer [Line Items]
Promissory notes, face amount	500,000
Morry Rubin and Major Shareholders \| Line Of Credit Promissory Note
Schedule Of Loan Payable To Officer [Line Items]
Promissory notes, face amount	$ 1,000,000
Interest rate of promissory note	10.00%

Capital Structure (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
Capital Structure (Details Textual) - USD ($)	Jan. 31, 2007	Mar. 31, 2014	Dec. 31, 2013
Preferred stock, par value (in dollars per share)		$ 0.001
Preferred stock, shares authorized (in shares)		10,000,000
Common stock, shares authorized (in shares)		65,000,000
Common stock, par value (in dollars per share)		$ 0.0001
Restricted common stock, value			$ 1,000,000
Restricted common stock, shares			2,500,000
Restricted common stock, per share			$ 0.40
Shares issued to consultants for services			14,493
Series 1 Convertible Preferred Stock
Preferred stock, shares outstanding			367,387
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)	2,000,000
Preferred stock conversion ratio		5.1 shares
Dividend rate on Series 1 Convertible Preferred Stock		8.00%

Related Party Transactions (Details Textual) - Stock Options - $ / shares	1 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Mar. 20, 2012
Related Party Transaction [Line Items]
Preferred stock conversion ratio			5.1 shares
Morry Rubin
Related Party Transaction [Line Items]
Remaining Contractual Life			10 years
Number of option granted			250,000
B Bernstein
Related Party Transaction [Line Items]
Remaining Contractual Life			10 years
Number of option granted			250,000
Officers and Directors
Related Party Transaction [Line Items]
Remaining Contractual Life	10 years		10 years
Number of option granted	100,000		500,000
Shares exercisable (in dollars per share)	$ 0.35
Paul Healy
Related Party Transaction [Line Items]
Remaining Contractual Life		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	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)		$ 0.85	$ 0.88	$ 1.12	$ 1.10
Number Outstanding	3,610,000	3,015,000	2,830,000	2,430,000	2,440,000
Number Exercisable	3,378,333
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
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
Number Exercisable	45,000
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
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
Number Exercisable	500,000
Exercise Price $ 0.80
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.80
Number Outstanding	550,000
Number Exercisable	550,000
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
Number Exercisable	120,000
Exercise Price $ 0.35
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.35
Number Outstanding	100,000
Number Exercisable	33,333
Exercise Price $ 0.30
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.30
Number Outstanding	50,000
Number Exercisable	16,667
Exercise Price $ 0.45
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.45
Number Outstanding	25,000
Number Exercisable	8,333
Exercise Price $ 0.75
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.75
Number Outstanding	25,000
Number Exercisable
Exercise Price $ 0.82
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.82
Number Outstanding	10,000
Number Exercisable
Exercise Price $ 0.55
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.55
Number Outstanding	20,000
Number Exercisable

Employment and Stock Option Agreements - Summary of fair value option award on date of grant (Details 1) - Stock Options	3 Months Ended
	Mar. 31, 2014 $ / 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	0.37%
Discount rate	0.02%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 1.25
Volatility	2.50%
Discount rate	4.75%

Employment and Stock Option Agreements (Details Textual) - 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 (Details Textual 1) - 2007 Omnibus Equity Compensation Plan - Stock Options - USD ($)		3 Months Ended
	Aug. 08, 2013	Mar. 31, 2014
M Rubins Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers' annual salary	$ 125,000	$ 1
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
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
Option award method used		Black Scholes option pricing model

Employment and Stock Option Agreements (Details Textual 2) - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Employment and Stock Option Agreements [Abstract]
Fair value amounts recorded for option	$ 231,000	$ 2,226

Warrants - Summary of warrants (Details) - Warrant	3 Months Ended
Warrants - Summary of warrants (Details) - Warrant	Mar. 31, 2014 $ / shares
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.10
Term	4 years
Volatility	37.00%
Dividends	0.00%
Discount rate	0.09%

Warrants - Summary of information about stock warrants (Details 1)	3 Months Ended
	Mar. 31, 2014 $ / pure shares	Dec. 07, 2009 $ / pure
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		1.00
Warrant \| Exercise Price $ 1.10
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	1.10
Number Outstanding	1,342,500
Weighted Average Remaining Contractual Life	4 years
Number Exercisable	1,342,500
Warrant \| Exercise Price $ 1.00
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	1.00
Number Outstanding	2,000,004
Weighted Average Remaining Contractual Life	7 years
Number Exercisable	2,000,004

Warrants (Details Textual)	3 Months Ended
Warrants (Details Textual)	Mar. 31, 2014 USD ($) $ / pure shares	Mar. 31, 2013 USD ($)	Dec. 07, 2009 $ / pure shares
Class of Warrant or Right [Line Items]
Number of common stock shares to purchase warrant			2,000,004
Exercise price (in dollars per share)			1.00
Compensation expenses for issuance of warrants \| $	$ 2,800	$ 1,916
Warrant
Class of Warrant or Right [Line Items]
Number of common stock shares to purchase warrant	1,342,500
Exercise price (in dollars per share)	0.104
Warrant \| Warrants Extended By 31 January 2018
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	1.10

Warrants (Details Textual 1)	Dec. 07, 2009 USD ($) $ / pure 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 common stock shares to purchase warrant	2,000,004
Exercise price (in dollars per share)	1.00

Income Taxes (Details Textual) $ in Millions	3 Months Ended
Income Taxes (Details Textual) $ in Millions	Mar. 31, 2014 USD ($)
Income Taxes [Abstract]
Operating Loss Carryforwards	$ 4.3
Operating loss carry forwards expiration period	2022 through 2025

Commitments and Contingencies (Details)	Mar. 31, 2014 USD ($)
Commitments and Contingencies [Abstract]
2015	$ 88,300
2016	117,600
2017	122,000
2018	126,000
2019	129,600
Thereafter	77,200
Total	$ 660,700

Commitments and Contingencies (Details Textual)	1 Months Ended			3 Months Ended
Commitments and Contingencies (Details Textual)	Aug. 01, 2013 USD ($)	Nov. 30, 2012	Oct. 22, 2010 USD ($)	Mar. 31, 2014 USD ($) Lease	Mar. 31, 2013 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Rental expense				$ 34,000	$ 14,341
Future minimum lease payments in 2013				$ 88,300
Description of leasing arrangements				This lease agreement was amended in January 2014 to reflect a 63 month term for a larger suite in an adjoining building.
Principal amount, sought value			$ 485,000
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	$ 6,800
Term of lease	39 months
Additional lease renewal term		2 years
Flexshopper
Property Subject to or Available for Operating Lease [Line Items]
Rental expense	$ 15,800

Subsequent Events (Details) - USD ($)		1 Months Ended	3 Months Ended
Subsequent Events (Details) - USD ($)	May 08, 2014	Apr. 30, 2014	Dec. 31, 2013
Subsequent Event [Line Items]
Restricted common stock, value			$ 1,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Subsequent event, description		The purchase price for the Anchor Assets will equal (1) 110% of the total funds outstanding associated with the Portfolio Accounts plus (2) an amount equal to 50% of the factoring fee and interest income earned by the Portfolio Accounts during the 12 month period following acquisition ("Earnout Payments").
Restricted common stock, value	$ 8,000,000
Sale of stock, amount received	$ 1,265,000
Sale of stock, number of shares sold	2,300,000
Loans payable	$ 500,000
Common stock issued for debt	1,818,182

Label	Element	Value
Preferred Stock [Member]
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	$ 671,409
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	671,409
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	671,409
Retained Earnings [Member]
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	(6,125,831)
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	(5,850,606)
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	(5,471,747)
Common Stock [Member]
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	1,863
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	1,863
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	1,863
Additional Paid-In Capital [Member]
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	7,461,779
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	7,465,386
Stockholders' Equity Attributable To Parent	us-gaap_StockholdersEquity	$ 7,496,693