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Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	FlexShopper, Inc.
Entity Central Index Key	0001397047
Amendment Flag	false
Document Type	S-1
Entity Filer Category	Smaller Reporting Company
Document Period End Date	Sep. 30, 2014

Consolidated Balance Sheets - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash	$ 4,499,914	$ 960,032	$ 610,439
Retained interest in purchased accounts receivable, net		4,966,338	7,019,463
Accounts receivable, net of allowance for doubtful accounts of $593,180 in 2014	25,641	119
Prepaid expenses	156,929	50,188
Due from clients		256,313
Earned but uncollected fee income		138,480	168,805
Prepaid expenses and other		52,904	100,998
Lease merchandise, net	2,572,850	8,004
Assets of discontinued operations	30,448	5,363,728
Total current assets	7,285,782	6,382,071	7,899,705
PROPERTY AND EQUIPMENT, net	164,828	58,079	14,257
OTHER ASSETS:
Intangible assets - patent costs	30,760	30,760
Security deposits	57,253	9,485	6,023
Total other assets	88,013	40,245	6,023
Total Assets	7,538,623	6,480,395	7,919,985
CURRENT LIABILITIES:
Due to financial institution		3,240,942	4,977,763
Accounts payable	164,938	20,349	86,772
Accrued payroll and related taxes	169,194	68,140	69,338
Accrued expenses	127,481	3,693	59,252
Liabilities of discontinued operations	140,508	3,331,955
Collected but unearned fee income		12,328	28,642
Total current liabilities	602,121	3,424,137	5,221,767
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
PREFERRED STOCK, net of issuance costs of $1,209,383	610,459	671,409	671,409
COMMON STOCK	3,477	2,115	1,863
ADDITIONAL PAID IN CAPITAL	15,335,324	8,548,162	7,496,693
ACCUMULATED DEFICIT	(9,012,758)	(6,165,428)	(5,471,747)
Total Stockholders' Equity	6,936,502	3,056,258	2,698,218
Total Liabilities and Stockholder's Equity	$ 7,538,623	$ 6,480,395	$ 7,919,985

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Issuance cost of preferred stock	$ 1,209,383	$ 1,209,383	$ 1,209,383
Allowance for doubtful accounts	$ 593,180

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Consolidated Statements of Operations - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
REVENUE:
LEASE REVENUE AND FEES	$ 1,346,552		$ 2,015,628
LEASE MERCHANDISE SOLD	266,988		391,162
Total revenue	1,613,540		2,406,790
COST OF REVENUE:
COST OF LEASE REVENUE AND FEES	874,863		1,319,709
COST OF LEASE MERCHANDISE SOLD	222,120		332,670
Cost of Revenue, Total	1,096,983		1,652,379
GROSS PROFIT	516,557		754,411
GENERAL AND ADMINISTRATIVE EXPENSES	1,881,180		4,564,478
INCOME TAXES
LOSS FROM CONTINUING OPERATIONS	(1,364,623)		(3,810,067)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (including income from the sale of discontinued assets of $445,474 in 2014 ) (See note 3)	137,118	(265,173)	962,737	(227,453)
FINANCE REVENUES					2,364,128	2,526,626
INTEREST EXPENSE - financial institution					(385,918)	(454,241)
INTEREST EXPENSE - related parties						(15,123)
NET FINANCE REVENUES					1,978,210	2,057,262
PROVISION FOR CREDIT LOSSES, net of recoveries					(62,603)	(41,797)
FINANCE REVENUES, NET OF INTEREST EXPENSE AND CREDIT LOSSES					1,915,607	2,015,465
OPERATING EXPENSES					(2,609,288)	(1,636,606)
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES					(693,681)	378,859
NET (LOSS)	$ (1,227,505)	$ (265,173)	$ (2,847,330)	$ (227,453)	$ (693,681)	$ 378,859
BASIC (LOSS) EARNINGS PER COMMON SHARE:
LOSS FROM CONTINUING OPERATIONS	$ (0.04)		$ (0.15)
INCOME FROM DISCOUNTINUED OPERATIONS	0.00		0.04
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(0.04)		(0.11)		$ (0.04)	$ 0.02
DILUTED (LOSS) EARNINGS PER COMMON SHARE:
LOSS FROM CONTINUING OPERATIONS	(0.04)		(0.15)
INCOME FROM DISCOUNTINUED OPERATIONS	0.00		0.04
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (0.04)		$ (0.11)		$ (0.04)	$ 0.02
WEIGHTED AVERAGE SHARES
Basic	32,128,770	18,634,369	25,994,442	18,634,369	18,987,702	18,634,369
Dilutive	32,128,770	18,634,369	25,994,442	18,634,369	18,987,702	20,763,632

Consolidated Statements of Operations (Parenthetical)	9 Months Ended
Consolidated Statements of Operations (Parenthetical)	Sep. 30, 2014 USD ($)
Income Statement [Abstract]
Income from the sale of discontinued assets	$ 445,474

Consolidated Statements of 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)
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
Benefit for compensation expense related to expired stock options			21,078		21,078
Net loss				378,859	378,859
Balance at Dec. 31, 2012	671,409	1,863	7,496,693	(5,471,747)	2,698,218
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options			49,805		49,805
Provision for compensation expense related to issued warrants			1,916		1,916
Sale of common stock, net of issuance costs of $39,000		2,500	997,500		1,000,000
Net loss				(693,681)	(693,681)
Balance at Dec. 31, 2013	$ 671,409	$ 2,115	8,548,162	(6,165,428)	3,056,258
Balance in Shares at Dec. 31, 2013	376,387	21,148,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Provision for compensation expense related to issued stock options			271,700		271,700
Provision for compensation expense related to issued warrants			11,200		11,200
Exercise of stock options		$ 3	11,634		11,637
Exercise of stock options, shares		33,333
Sale of common stock, net of issuance costs of $39,000		$ 1,158	5,431,879		5,433,037
Sale of common stock, net of issuance costs of $39,000, shares		11,574,731
Net loss				(2,847,330)	(2,847,330)
Conversion of officers loans to common stock		$ 182	999,818		1,000,000
Conversion of officers loans to common stock, shares		1,818,182
Conversion of preferred shares to common stock	$ (60,950)	$ 19	60,931
Conversion of preferred shares to common stock, shares	(34,168)	194,758			194,758
Balance at Sep. 30, 2014	$ 610,459	$ 3,477	$ 15,335,324	$ (9,012,758)	$ 6,936,502
Balance in Shares at Sep. 30, 2014	342,219	34,769,866

Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Sale of common stock, net of issuance costs	$ (39,000)		$ 1,000,000

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended		12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,847,330)	$ (227,453)	$ (693,681)	$ 378,859
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
(Income) loss from discontinued operation	(962,737)	227,453
Depreciation and amortization	42,124		38,326	19,804
Depreciation of lease merchandise	1,019,709
Impairment of lease merchandise	300,000
Compensation expense related to issuance of stock options	271,700		51,721	31,307
Compensation expense related to issuance of warrants	11,200
Provision for uncollectible accounts	593,180			62,949
Changes in operating assets and liabilities:
(Increase) in accounts receivable	(618,702)
(Increase) in prepaid expenses and other	(106,742)		48,094	(30,074)
(Increase) in lease merchandise	(3,884,555)		(8,004)
(Increase) in security deposits	(47,768)		(3,462)	(537)
Increase in accounts payable	144,589		(39,458)	41,396
Increase in accrued payroll and related taxes	101,053		(1,197)	8,420
Increase in accrued expenses	123,788		(3,840)	29,643
Decrease (increase) in retained interest in purchased accounts receivable			2,053,125	(751,256)
Increase in due from client			(256,313)
Decrease (increase) in earned but uncollected			30,325	(11,735)
Decrease in collected but not earned			(16,314)	(8,297)
Net cash used in operating activities - continuing operations	(5,860,491)
Net cash provided) by operating activities - discontinued operations	6,306,171	2,018,294
Net cash provided by operating activities	445,680	2,018,294	1,199,322	(229,521)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(148,873)		(82,148)	(17,031)
Patent costs			(30,760)
Net cash used in investing activities - continuing operations	(148,873)
Net cash used in investing activities- discontinued operations		(83,393)
Net cash used in investing activities	(148,873)	(83,393)	(112,908)	(17,031)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loans from shareholders	1,000,000
Proceeds from exercise of stock options	11,667
Proceeds from sale of common stock	5,472,008
(Payments to) proceeds from financial institution, net			(1,736,821)	550,420
Payment of costs related to issuance of common stock	(39,000)		1,000,000
Net cash provided by financing operations - continuing operations	6,444,675
Net cash used in financing operations - discontinued operations	(3,201,600)	(1,283,879)
Net cash provided by (used in) financing activities	3,243,075	(1,283,879)	(736,821)	550,420
INCREASE IN CASH	3,539,882	651,022	349,593	303,868
CASH, beginning of period	960,032	610,439	610,439	306,571
CASH, end of period	$ 4,499,914	$ 1,261,461	$ 960,032	$ 610,439

Background and Description of Business

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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.

FlexShopper is a North Carolina Limited Liability Company formed in September 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.

During 2013, the Company decided to concentrate its efforts on the operations of FlexShopper and subsequently, the Company entered into an agreement with a financial institution to sell substantially all of the operating assets of its wholly owned subsidiary, Anchor Funding Services, LLC (“Anchor”) which provided accounts receivable funding to business located throughout the United States. The sale was finalized in June 2014 (See Note 3). The consolidated statements of operations for the three and nine months ended September 30, 2014 and the consolidated statements of cash flows for the nine months ended September 30, 2014 and 2013 reflect the historical operations of Anchor as discontinued operations. The 2014 consolidated balance sheet contains amounts attributable to Anchor which 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.

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 subsidiaries, Anchor Funding Services, LLC ("Anchor") and 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 Anchor.

Anchor is a North Carolina limited liability company. Today, the Company operates in two industry segments designated as Anchor and FlexShopper. Anchor purchases company’s accounts receivable, which provide businesses with critical working capital so they can meet their operational costs and obligations while waiting to receive payment from their customers. Anchor also provides back office services to businesses located throughout the United States of America. The Company is actively pursuing the sale of this business. FlexShopper 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.

FlexShopper is a North Carolina limited liability company. FlexShopper is developing a business that will directly provide certain categories of durable goods to consumers on a lease-to-own basis and currently provides lease-to-own terms to consumers of third party retailers. FlexShopper began generating revenues in December 2013; the amount of these revenues is immaterial to the financial statements.

Summary of Significant Accounting Policies

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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 and nine months ended September 30, 2014 and 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 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 to own the merchandise, generally 52 weeks, or exercises the 90 day same as cash early purchase option. Under this option, if within 90 days of the lease the customer pays the cash price inclusive of a nominal processing fee, ownership transfers to the customer. After 90 days, the customer may also choose an early payment option to acquire ownership which would be less expensive than making 52 weekly payments.

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. Merchandise sales revenue is recognized when the customer exercises the purchase option and pays the purchase price. Revenue from processing fees earned upon exercise by the customer of the 90 day purchase option is recorded upon recognition of the related merchandise sales, such fees amounted to approximately $15,000 and $22,000 for the three and nine month period ended September 30, 2014, respectively. Revenue for lease payments received prior to their due date is deferred. Our revenue recognition accounting policy matches the lease revenue with the corresponding costs, mainly depreciation associated with the leased merchandise.

Lease Merchandise – Until all payment obligations are satisfied under the agreement, the Company maintains ownership of the lease merchandise. Lease merchandise consists primarily of residential furniture, consumer electronics, computers, appliances and household accessories and is recorded at cost. The Company depreciates leased merchandise using the straight line method over the applicable agreement period for a consumer to acquire ownership generally twelve months with no salvage value. When indicators of impairment exist the Company records an impairment reserve against the carrying value of the leased merchandise with a corresponding charge to cost of lease revenue. The Company is developing historical charge off information to assess recoverability and estimate of the impairment reserve. The net leased merchandise balances consisted of the following as of September 30, 2014.

Lease merchandise – at cost	$	3,892,682
Accumulated depreciation		(1,019,832	)
Impairment reserve		(300,000	)
Lease merchandise – net	$	2,572,850

Intangible Assets - 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 Lease 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 such as salaries, payroll taxes and benefits, stock based compensation, occupancy, administrative, provision for doubtful accounts, advertising and other expenses.

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $228,100 and $416,300 for the three months and nine months ended September 30, 2014. Prior year advertising costs are included in discontinued operations.

Per Share Data (EPS) – Basic net (loss) income per share is computed by dividing the net (loss) 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 loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect.

In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive:

	Three months ended				Nine months ended
	September 30,				September 30,
	2014		2013		2014		2013
Convertible preferred stock		2,090,954		1,919,573		2,163,623		1,919,573
Options		3,650,121		2,992,692		3,461,284		2,891,783
Warrants		3,342,504		3,342,504		3,342,504		3,342,504
		9,083,579		8,254,769		8,967,411		8,153,860

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 and nine months ended September 30, 2014 and 2013.

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

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 cannot conclude that it is more likely than not that 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. For the nine months ended September 30, 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 any effect on the Company’s financial statements.

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU No. 2014-08 changes the definition of a discontinued operation to include only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity's operations and financial results. ASU No. 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014 with early adoption permitted. The Company has early adopted this update in the second quarter of 2014.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This new standard provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under U.S. GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on its financial position and results of operations.

In June 2014, FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”). ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12 is effective for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is evaluating the potential impacts of the new standard on its existing stock-based compensation plans.

In August 2014, the FASB issued ASU 2014-15 “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued. Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The term probable is used consistently with its use in Topic 450, Contingencies. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Principles of Consolidation - The accompanying consolidated financial statements include FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the "Company") and its wholly owned subsidiaries, Anchor Funding Services, LLC ("Anchor") and FlexShopper, LLC ("FlexShopper").

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 – Anchor 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, Anchor 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, Anchor recognizes revenue by using one of two methods depending on the type of customer. For new customers Anchor recognizes revenue using the cost recovery method. For established customers Anchor 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.

Anchor 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 Anchor obtains sufficient historical experience, it will begin using the accrual method to recognize revenue.

For established customers Anchor uses the accrual method of accounting. Anchor 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 Anchor 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, Anchor 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.

Revenue Recognition FlexShopper – Lease revenues are recognized in the month they are due on the accrual basis of accounting. For internal management reporting purposes, lease revenues from sales and lease ownership agreements are recognized as revenue in the month the cash is collected. 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.

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, Anchor 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 Anchor may have related to the purchased accounts receivable. For purchase order transactions the company advances and pays for 100% of the product’s cost.

Anchor’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. Anchor has a security interest in the accounts receivable and inventory purchased and, on a case-by-case basis, may have additional collateral. Anchor 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, Anchor has varying types of personal guarantees from their customers relating to the purchased accounts receivable and purchase order advances.

Management considered approximately $3,000 of their December 31, 2013 and $80,500 of their December 31, 2012 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.

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.

Advertising Costs – The Company charges advertising costs to expense as incurred. Total advertising costs were approximately $282,000 and $267,000 for the years ended December 31, 2013 and 2012, 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.

	2013								2012
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		18,634,369	$	0.02
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-			-		-			-		2,129,263		-
Diluted EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		20,763,632	$	0.02

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.

See Note 9 for the impact on the operating results for the years ended December 31, 2013 and 2012.

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, 2013 and 2012, 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 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 was effective for the Company on a prospective basis for fiscal year 2013. This amendment did not have a material effect on the Company’s financial statements.

In February 2013, the FASB Issued ASU No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date". ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for obligations within the scope of this ASU, which is effective January l, 2014. Upon adoption, we do not expect this ASU to impact our 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 amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are currently evaluating the impact on our financial statements with respect to ASU 2013-11.

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

9 Months Ended

Sep. 30, 2014

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

3. DISCONTINUED OPERATIONS:

During 2013, the Company decided to concentrate its efforts on the operations of FlexShopper and subsequently on April 30, 2014, Anchor entered into an Asset Purchase and Sale Agreement (the “Purchase Agreement”) with a Bank, pursuant to which Anchor sold 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 was equal to (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 Earnout Payments totaled $183,443 for the three and nine months ended September 30, 2014. The sale of the Anchor Assets was made in a series of closings through June 16, 2014. In connection with each closing, Anchor used the proceeds thereof to pay the 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 dated 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) were paid and satisfied in full and the agreement was terminated to have no further force and effect. Anchor recorded a gain of $445,474 on the sale of these assets for the nine months ended September 30, 2014 which is included in income from discontinued operations. Such gain excludes the contingent Earnout Payments which are being recorded as income when earned.

The assets and liabilities of the discontinued operations are presented separately under the captions “Assets of discontinued operations” and “Liabilities of discontinued operations” in the accompanying Balance Sheets at September 30, 2014 and December 31, 2013 and consist of the following:

	September 30, 2014		December 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$	8,150	$	4,966,338
Earned but uncollected fees		-		141,077
Due from client		22,298		256,313
	$	30,448	$	5,363,728

Liabilities of discontinued operations:
Accounts payable	$	62,015	$	26,966
Accrued expenses		39,151		51,719
Due to financial institution		39,342		3,240,942
Deferred revenue		-		12,328
	$	140,508	$	3,331,955

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

	Three months ended						Nine months ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013

Finance revenues	$	25,490		$	546,872		$	735,357		$	1,853,081
Interest expense-financial institution		(532	)		(87,656	)		(109,878	)		(298,069	)
Benefit (Provision) for credit losses		-			45,675			24,904			(59,325	)
Net finance revenues		24,958			504,891			650,383			1,495,687
Operating expenses		(196,056	)		(770,064	)		(441,336	)		(1,723,140	)
Commissions on sale and other income		308,216			-			308,216			-
Gain on sale of discontinued assets		-			-			445,474			-
Net income (loss) from discontinued operations	$	137,118		$	(265,173	)	$	962,737		$	(227,453	)

- 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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Retained Interest in Purchased Accounts Receivable

12 Months Ended

Dec. 31, 2013

Retained Interest In Purchased Accounts Receivable [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, 2013			December 31, 2012
Purchased invoices	$	6,085,940		$	8,921,203
Purchase order advances		365,394			21,156
Reserve account		(1,481,996	)		(1,842,447	)
Allowance for uncollectible invoices		(3,000	)		(80,449	)
	$	4,966,338		$	7,019,463

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

	December 31, 2013		December 31, 2012
Staffing	$	192,806	$	185,557
Transportation		1,592,900		1,773,290
Service		3,063,021		4,528,668
Manufacturing		120,611		612,397
	$	4,969,338	$	7,099,912

Adjustments to the allowance for uncollectible invoices were as follows:

	For the years ending December 31,
	2013			2012
Balance - beginning of year	$	80,449		$	17,500
Provision for credit losses		12,200			62,949
Write-offs		(89,649	)		-
Balance - end of year	$	3,000		$	80,449

Total purchased invoices and purchase order advances were as follows:

	For the years ending December 31,
		2013	2012
Purchased invoices	$	83,653,644	$	95,875,787
Purchase order advances		843,193		435,928
	$	84,496,837	$	96,311,715

- 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 + Details

Due from Client	12 Months Ended
Due from Client	Dec. 31, 2013
Due From Client [Abstract]
DUE FROM CLIENT	4. DUE FROM CLIENT As of December 31, 2013, Anchor was owed approximately $250,000 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.

Property and Equipment

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT:

Property and equipment consisted of the following:

	Estimated
	Useful Lives	September 30, 2014			December 31, 2013
Furniture and fixtures	2-5 years	$	99,982		$	64,945
Computers and software	3-7 years		365,361			251,525
			465,343			316,470
Less: accumulated depreciation			(300,515	)		(258,391	)
		$	164,828		$	58,079

Depreciation expense was $23,717 and $7,023 for the quarters ended September 30, 2014 and 2013, respectively and $42,125 and $19,681 for the nine months ended September 30, 2014 and 2013, respectively.

5. PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	Estimated
	Useful Lives	December 31, 2013			December 31, 2012
Furniture and fixtures	2-5 years	$	64,945		$	46,818
Computers and software	3-7 years		251,525			187,505
			316,470			234,323
Less: accumulated depreciation			(258,391	)		(220,066	)
		$	58,079		$	14,257

Depreciation expense was $38,326 and $19,804 for the years ended December 31, 2013 and 2012, respectively.

Loans Payable Shareholders

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

LOANS PAYABLE SHAREHOLDERS:

5. LOANS PAYABLE SHAREHOLDERS:

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 was for $500,000 and earned interest (payable monthly) at 10% per annum. The Promissory Notes were to assist FlexShopper in purchasing merchandise for lease to support FlexShopper’s growth. In May 2014 these loans were converted into shares of the Company’s Common Stock at a price of $0.55 per share. (See Note 6).

Due to Financial Institution	12 Months Ended
Due to Financial Institution	Dec. 31, 2013
Debt Disclosure [Abstract]
DUE TO FINANCIAL INSTITUTION	6. 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 not higher than four to one (4:1). As of December 31, 2013, 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 next anniversary date is November 30, 2014 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. The facility was renewed through November 30, 2014. 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 $3,240,942 and $4,977,763 as of December 31, 2013 and 2012, respectively.

Capital Structure

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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 was convertible into 5.1 shares of the Company’s Common Stock, subject to certain anti-dilution rights. As a result of the Common Stock offering described below and the sale of Common Stock to officers and/or directors as set forth under Note 7, each share of Series 1 Preferred Stock is currently convertible into 5.8 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 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.

During the nine months ended September 30, 2014, 34,168 preferred shares were converted into 194,758 common shares. As of September 30, 2014 there were 342,219 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.

From May through October 2014, the Company received gross proceeds of $6,501,101 from the sale of 11,820,187 shares offered through three co-placement agents in a private placement offering at an offering price of $.55 per share. During the second and third quarters of 2014, the Company received net proceeds from this offering of $5,472,008 from the sale of 11,574,730 shares of its Common Stock under Rule 506 and/or Section 4(2) of the Securities Act of 1933 as amended. The foregoing excludes the issuance at the final closing date of October 9, 2014 of seven year warrants to purchase 15% of the number of shares sold in the offering, which warrants were issued to the placement agents. As of September 30, 2014, the placement agents have earned warrants to purchase 1,766,209 shares. The forgoing does not include warrants to purchase 6,818 warrants which were earned at the final closing on October 9, 2014, bringing the total number of placement agent warrants to 1,773,027, each at an exercise price of $.55 per share.

In addition, pursuant to the terms of the private placement offering, George Rubin and Morry F. Rubin, officers, directors and founders of the Company, each completed the funding of their $500,000 loan to the Company and 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 their notes totaling $1,000,000.

7. CAPITAL STRUCTURE:

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

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

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.

During the last 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 changes in Series 1 Convertible Preferred Stock and Common Stock shares for the years ended December 31, 2013 and 2012 is summarized as follows:

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

Preferred Stock Conversions		-		-
Common Stock Issuances		-		2,514,493
Balance, December 31, 2013		376,387		21,148,862

- 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

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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

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

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

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

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

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

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Related Party Transactions

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

RELATED PARTY TRANSACTIONS

7. RELATED PARTY TRANSACTIONS:

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. See Note 8.

On March 24, 2014, B. Bernstein was granted 10 year options to purchase 250,000 shares of common stock. These options vested on the date of grant.

On July 25, 2014, a new Director of the Company was granted 10 year options to purchase 180,000 shares of common stock. These options vest one third annually commencing at the date of grant.

See the last paragraph of Note 6.

8. RELATED PARTY TRANSACTIONS:

Promissory notes payable

On March 19, 2014, FlexShopper entered into two Promissory Notes totaling $1,000,000, one with 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.

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.

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.

In June 2013, the Company granted the Chief Information Officer of F1exShopper, 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

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Employment and Stock Option Agreements [Abstract]

EMPLOYMENT AND STOCK OPTION AGREEMENTS

8. STOCK OPTIONS

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.

Activity in stock options for the nine months ended September 30, 2014 is:

Outstanding at January 1, 2014	3,015,000
Granted	871,000
Canceled	(146,667	)
Exercised	(33,333	)
Outstanding at September 30, 2014	3,706,000

The following table summarizes information about outstanding stock options as of September 30, 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		120,000	10 years		120,000
$	0.30		50,000	10 years		16,667
$	0.45		25,000	10 years		8,333
$	0.75		55,000	10 years		-
$	0.83		25,000	10 years		-
$	0.90		30,000	10 years		7,500
$	0.89		180,000	10 years		60,000
$	0.79		1,000	10 years		333
$	0.55		20,000	10 years		-
			3,706,000			3,412,833

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:

	2014
Exercise price	$0.75 to $0.90
Term	10 years
Volatility	0.37
Dividends	0	%
Discount rate	2.43% to 2.70%

The fair value amounts recorded for these options in the statements of operations was $37,200 and $7,250 for the three months ended September 30, 2014 and 2013, respectively and $271,700 and $54,623 for the nine months ended September 30, 2014 and 2013, respectively.

9. EMPLOYMENT AND STOCK OPTION AGREEMENTS:

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

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

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

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

·	The employment agreement with M. Rubin currently retains his services as Co-chairman and Chief Executive Officer through January 31, 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 2012 fiscal year and ending with the 2013 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, 2013:

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

500,000 $0.25 180,000

10 years

120,000 $0.35 100,000

10 years

33,333 $0.30 60,000

10 years

20,000 $0.45 25,000

10 years

8,333 3,015,000 2,820,416

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	0.38 to 2.50
Dividends		0	%
Discount rate	0.02% to 4.75%

The fair value amounts recorded for these options in the statement of operations was $49,805 and $10,229 for the years ended December 31, 2013 and 2012, respectively.

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

	2013				2012				2011
	Options		Price		Options		Price		Options		Price
Outstanding at beginning of year		2,830,000		0.88		2,430,000		1.12		2,440,000		1.10
Granted		195,000		0.35		680,000		0.19		-		-
Cancelled	(10,000	)	0.45		(280,000	)	1.25		(10,000	)	1.00
Exercised		-		-		-		-		-		-
Outstanding at end of year		3,015,000		0.85		2,830,000		0.88		2,430,000		1.12

Exercisable at end of year		2,820,416		0.88		2,198,750		1.08		2,401,250		1.12

Warrants

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Warrants [Abstract]

WARRANTS

9. WARRANTS:

The Company has outstanding warrants to one of its placement agents 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 (Black Scholes Model) 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 and nine months ended September 30, 2014 and 2013, the Company recorded compensation expense of $4,200 and $1,916 and $7,000 and $1,916 respectively, related to the issuance of these warrants.

The following table summarizes information about outstanding stock warrants as of September 30, 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
			3,342,504

The foregoing table does not include seven-year warrants to purchase 1,773,027 shares of the Company’s Common Stock at an offering price of $.55 per share issued in October 2014 to the placement agents of the Company’s private placement offering which had a series of closings from May 2014 through October 2014.

10. WARRANTS:

In March, 2007, the Company’s 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, 2013, but were extended on the condition that each warrant holder accept a new exercise price of $1.35 per share. Currently, these warrants are scheduled to expire on January 31, 2018 and are currently exercisable at the original price of $1.10 per share. The following information was input into BSM to compute a per warrant price of $.023:

Exercise price	$	1.10
Term	7 years
Volatility		40%
Dividends		0	%
Discount rate		.05	%

For the year ended December 31, 2013, the Company recorded compensation expense of $1,916 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. BSM was used to compute the fair value of the warrants.

The following table summarizes information about stock warrants as of December 31, 2013:

				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, 2013

Concentrations [Abstract]

CONCENTRATIONS

11.CONCENTRATIONS:

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

Industry	For the year ending December 31,
	2013		2012
Staffing	$	80,780	$	69,773
Transportation		627,095		782,058
Service		1,365,379		1,426,583
Other		20,357		105,483
Manufacturing		173,844		-
Apparel		96,673		142,729
	$	2,364,128	$	2,526,626

Major Customers – The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.

Client Accounts - As of December 31, 2013, Anchor has five clients that account for an aggregate of approximately 36.1% of its accounts receivable portfolio and approximately 16.3% of its revenues for the year ended December 31, 2013. The transactions and balances with these clients as of and for the year ended December 31, 2013 are summarized below:

	Percentage of Accounts Receivable			Percentage of Revenues for
	Portfolio			the Twelve Months
	As of			Ended
Entity	December 31, 2013			December 31, 2013
Trucking company in MI		8.7	%		4.3	%
Cable trenching utility in FL		6.4	%		3.4	%
Importer in MI		8.4	%		3.0	%
Aerospace servicer in NM		6.2	%		3.7	%
Trucking Company in VA		6.4	%		1.9	%
		36.1	%		16.3	%

Cash – The Company places its cash and cash equivalents on deposit with financial institutions in the United States. The Federal Deposit Insurance Corporation (FDIC) provides coverage up to $250,000 per depositor at FDIC-insured depository institutions. At December 31, 2013, the Company had approximately $546,000 on deposit in excess of the insured limits.

Supplemental Disclosures of Cash Flow

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Supplemental Cash Flow Elements [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 and nine months ended September 30, 2014

Conversion of shareholders’ loans to common stock - $1,000,000

Conversion of convertible preferred stock to common stock - $ 60,950

For the three and nine months ended September 30, 2013

None

12. SUPPLEMENTAL DISCLOSURES OF CASH FLOW:

Cash paid for interest was as follows:

	For the year ending December 31,
	2013		2012
To a financial institution	$	369,487	$	446,922
To a related party		-		15,123
Total	$	369,487	$	462,045

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

For the year ending 2013 –

None

For the year ending 2012 –

None

Income Taxes

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Income Taxes [Abstract]

INCOME TAXES

11. INCOME TAXES:

As of September 30, 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 September 30, 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.

13. INCOME TAXES:

For the year ended December 31, 2013, the Company had losses from continuing operations, therefore no current taxes were incurred. 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.

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%:

	2013			2012

Federal tax expense at statutory rate	$	(235,000	)	$	146,000
State tax expense		(10,000	)		15,000
Permanent items		5,000			−
Change in valuation allowance		(240,000	)		(161,000	)
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, 2013 and 2012 were as follows; certain prior year numbers have been reclassified to conform to current year presentation.

	2013			2012

Equity based compensation	$	102,000		$	91,000
Allowance for doubtful accounts		1,000			31,000
Net operating loss carry-forwards		1,660,000			1,385,000

Gross deferred tax assets		1,763,000			1,507,000
Fixed assets and intangible basis difference		(19,000	)		(3,000	)
		1,744,000			1,504,000
Valuation allowance		(1,744,000	)		(1,504,000	)
Income taxes	$	-		$	-

Primarily due to a taxable loss in 2013 the Company’s gross deferred tax asset increased to $1,763,000. 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 $1,744,000 valuation allowance has been recognized to adjust deferred tax assets and liabilities 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	$	4,313,000		2022 - 2025

State	$	1,669,000		2022 - 2025

The Company files tax returns in the U.S. federal jurisdiction and various states. At December 31, 2013, federal tax returns remained open for Internal Revenue Service review for tax years after 2010, while state tax returns remain open for review by state taxing authorities for tax years after 2009. There were no federal or state income tax audits being conducted as of December 31, 2013.

Segment Information

12 Months Ended

Dec. 31, 2013

Segment Information [Abstract]

SEGMENT INFORMATION

14. SEGMENT INFORMATION:

The Company’s reportable segments consist of Anchor and FlexShopper. Anchor purchases company’s accounts receivable, which provide businesses with critical working capital so they can meet their operational costs and obligations while waiting to receive payment from their customers. FlexShopper 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.

Information for the Company’s segments is as follows:

	Year Ended December 31,
	2013		2012
Assets:
FlexShopper	$	718,896	$	−
Anchor		5,761,499		7,919,985
Total	$	6,480,395	$	7,919,985

Revenues:
FlexShopper	$	119		$	−
Anchor		2,364,009			2,526,626
Total	$	2,364,128		$	2,526,626

Net (loss) income:
FlexShopper	$	(655,474	)	$	−
Anchor		(38,207	)		378,859
Total	$	(693,681	)	$	378,859

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: 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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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: 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=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Name Accounting Standards Codification
-Topic 280
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Commitments and Contingencies

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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 expired May 31, 2014. The monthly rent for the combined space is approximately $2,340. The Company renewed the leases for an additional year at the same terms.

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 nine months ended September 30, 2014 and 2013 was approximately $116,000 and $42,000, respectively. At September 30, 2014, The future minimum annual lease payments are approximately as follows:


2015	$	135,800
2016		120,600
2017		124,400
2018		128,100
2019		109,500
	$	618,400

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.

On September 9, 2014 the Company received $124,774 from Harvey as a final settlement, which is included in discontinued operations.

15. 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.

Beginning November 1, 2009, the company entered into a 24 month lease for office space in Boca Raton, FL, and on November 1, 2012 renewed for another two years. This lease expired on September 30, 2013 and was not renewed. The monthly rent was approximately $1,413.

On August 1, 2013, FlexShopper entered into a 39 month lease for additional 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 years ended December 31, 2013 and 2012 was approximately $58,921 and $46,571, respectively. The future minimum lease payments are approximately as follows:


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

Contingencies

Subsequent Events

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

In October 2014, the Company received gross proceeds of $135,000 from the sale of 245,456 shares of the Company’s Common Stock.

16. 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 sold 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 equalled (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 took place in a series of closings through May 15, 2014. In connection with each closing, Anchor used 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) are paid and satisfied in full and such agreement has been terminated and has no further force and effect.

On March 19, 2014 upon approval of the Board, FlexShopper entered into two Promissory Notes totaling $1,000,000, one with 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.

Summary of Significant Accounting Policies (Policies)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation - The accompanying consolidated financial statements include FlexShopper, Inc. (formerly Anchor Funding Services, Inc. the "Company") and its wholly owned subsidiaries, Anchor Funding Services, LLC ("Anchor") and FlexShopper, LLC ("FlexShopper").

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

Revenue Recognition – Anchor 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.

Lease Merchandise

Lease merchandise – at cost	$	3,892,682
Accumulated depreciation		(1,019,832	)
Impairment reserve		(300,000	)
Lease merchandise – net	$	2,572,850

Revenue Recognition FlexShopper

Revenue Recognition FlexShopper – Lease revenues are recognized in the month they are due on the accrual basis of accounting. For internal management reporting purposes, lease revenues from sales and lease ownership agreements are recognized as revenue in the month the cash is collected. 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.

Retained Interest in Purchased Accounts Receivable

Management considered approximately $3,000 of their December 31, 2013 and $80,500 of their December 31, 2012 retained interest in purchased accounts receivable to be uncollectible.

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 Lease Merchandise Sold

Cost of Lease 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 $282,000 and $267,000 for the years ended December 31, 2013 and 2012, respectively.

Per Share Data (EPS)

In computing diluted loss per share, no effect has been given to the issuance of common stock upon conversion or exercise of the following securities as their effect is anti-dilutive:

	Three months ended				Nine months ended
	September 30,				September 30,
	2014		2013		2014		2013
Convertible preferred stock		2,090,954		1,919,573		2,163,623		1,919,573
Options		3,650,121		2,992,692		3,461,284		2,891,783
Warrants		3,342,504		3,342,504		3,342,504		3,342,504
		9,083,579		8,254,769		8,967,411		8,153,860

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.

Effect of Dilutive Securities – Options and

	2013								2012
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		18,634,369	$	0.02
Convertible Preferred Stock		-			-		-			-		2,129,263		-
Diluted EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		20,763,632	$	0.02

Stock Based Compensation

See Note 8 to our financial statements for the impact on the operating results for the three and nine months ended September 30, 2014 and 2013.

See Note 9 for the impact on the operating results for the years ended December 31, 2013 and 2012.

Fair Value of Financial Instruments

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

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 – 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.

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 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, 2013 and 2012, 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

Recent Accounting Pronouncements –

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 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 was effective for the Company on a prospective basis for fiscal year 2013. This amendment did not have a material effect on the Company’s financial statements.

Summary of Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

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

	2013								2012
				(Denominator)							(Denominator)
				Weighted-		Per					Weighted-		Per
	(Numerator)			Average		Share			(Numerator)		Average		Share
	Net Loss			Shares		Amount			Net Income		Shares		Amount

Year Ended December 31,
Basic EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		18,634,369	$	0.02
Effect of Dilutive Securities – Options and
Convertible Preferred Stock		-			-		-			-		2,129,263		-
Diluted EPS	$	(693,681	)		18,987,702	$	(0.04	)	$	378,859		20,763,632	$	0.02

Schedule of lease merchandise

Lease merchandise – at cost	$	3,892,682
Accumulated depreciation		(1,019,832	)
Impairment reserve		(300,000	)
Lease merchandise – net	$	2,572,850

Schedule of antidilutive securities excluded from computation of earnings per share

	Three months ended				Nine months ended
	September 30,				September 30,
	2014		2013		2014		2013
Convertible preferred stock		2,090,954		1,919,573		2,163,623		1,919,573
Options		3,650,121		2,992,692		3,461,284		2,891,783
Warrants		3,342,504		3,342,504		3,342,504		3,342,504
		9,083,579		8,254,769		8,967,411		8,153,860

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations [Abstract]

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

	September 30, 2014		December 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$	8,150	$	4,966,338
Earned but uncollected fees		-		141,077
Due from client		22,298		256,313
	$	30,448	$	5,363,728

Liabilities of discontinued operations:
Accounts payable	$	62,015	$	26,966
Accrued expenses		39,151		51,719
Due to financial institution		39,342		3,240,942
Deferred revenue		-		12,328
	$	140,508	$	3,331,955

Schedule Of Disposal Groups Including Discontinued Operations Income Statement

	Three months ended						Nine months ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013

Finance revenues	$	25,490		$	546,872		$	735,357		$	1,853,081
Interest expense-financial institution		(532	)		(87,656	)		(109,878	)		(298,069	)
Benefit (Provision) for credit losses		-			45,675			24,904			(59,325	)
Net finance revenues		24,958			504,891			650,383			1,495,687
Operating expenses		(196,056	)		(770,064	)		(441,336	)		(1,723,140	)
Commissions on sale and other income		308,216			-			308,216			-
Gain on sale of discontinued assets		-			-			445,474			-
Net income (loss) from discontinued operations	$	137,118		$	(265,173	)	$	962,737		$	(227,453	)

- 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

Retained Interest in Purchased Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2013

Retained Interest In Purchased Accounts Receivable [Abstract]

Schedule of retained interest in purchased accounts receivable

	December 31, 2013			December 31, 2012
Purchased invoices	$	6,085,940		$	8,921,203
Purchase order advances		365,394			21,156
Reserve account		(1,481,996	)		(1,842,447	)
Allowance for uncollectible invoices		(3,000	)		(80,449	)
	$	4,966,338		$	7,019,463

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

	December 31, 2013		December 31, 2012
Staffing	$	192,806	$	185,557
Transportation		1,592,900		1,773,290
Service		3,063,021		4,528,668
Manufacturing		120,611		612,397
	$	4,969,338	$	7,099,912

Schedule of adjustments to allowance for uncollectible invoices

	For the years ending December 31,
		2013			2012
Balance - beginning of year		$	80,449		$	17,500
Provision for credit losses			12,200			62,949
Write-offs			(89,649	)		-
Balance - end of year		$	3,000		$	80,449

Schedule of purchased invoices and purchase order advances

	For the years ending December 31,
			2013	2012
Purchased invoices		$	83,653,644	$	95,875,787
Purchase order advances			843,193		435,928
		$	84,496,837	$	96,311,715

Property and Equipment (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Property and Equipment [Abstract]

Schedule of property and equipment

	Estimated
	Useful Lives	September 30, 2014			December 31, 2013
Furniture and fixtures	2-5 years	$	99,982		$	64,945
Computers and software	3-7 years		365,361			251,525
			465,343			316,470
Less: accumulated depreciation			(300,515	)		(258,391	)
		$	164,828		$	58,079

	Estimated
	Useful Lives	December 31, 2013			December 31, 2012
Furniture and fixtures	2-5 years	$	64,945		$	46,818
Computers and software	3-7 years		251,525			187,505
			316,470			234,323
Less: accumulated depreciation			(258,391	)		(220,066	)
		$	58,079		$	14,257

Capital Structure (Tables)

12 Months Ended

Dec. 31, 2013

Capital Structure [Abstract]

Schedule of conversions of convertible preferred stock and common stock

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

Preferred Stock Conversions		-		-
Common Stock Issuances		-		2,514,493
Balance, December 31, 2013		376,387		21,148,862

Employment and Stock Option Agreements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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		120,000	10 years		120,000
$	0.30		50,000	10 years		16,667
$	0.45		25,000	10 years		8,333
$	0.75		55,000	10 years		-
$	0.83		25,000	10 years		-
$	0.90		30,000	10 years		7,500
$	0.89		180,000	10 years		60,000
$	0.79		1,000	10 years		333
$	0.55		20,000	10 years		-
			3,706,000			3,412,833

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		500,000
$	0.25		180,000	10 years		120,000
$	0.35		100,000	10 years		33,333
$	0.30		60,000	10 years		20,000
$	0.45		25,000	10 years		8,333
			3,015,000			2,820,416

Schedule of option input into a Black Scholes option pricing model

	2014
Exercise price	$0.75 to $0.90
Term	10 years
Volatility	0.37
Dividends	0	%
Discount rate	2.43% to 2.70%

Exercise price	$	.17 to $1.25
Term	10 years
Volatility	0.38 to 2.50
Dividends		0	%
Discount rate	0.02% to 4.75%

Schedule of stock option activity and weighted average exercise price

Outstanding at January 1, 2014	3,015,000
Granted	871,000
Canceled	(146,667	)
Exercised	(33,333	)
Outstanding at September 30, 2014	3,706,000

	2013					2012					2011
	Options			Price		Options			Price		Options			Price
Outstanding at beginning of year		2,830,000			0.88		2,430,000			1.12		2,440,000			1.10
Granted		195,000			0.35		680,000			0.19		-			-
Cancelled		(10,000	)		0.45		(280,000	)		1.25		(10,000	)		1.00
Exercised		-			-		-			-		-			-
Outstanding at end of year		3,015,000			0.85		2,830,000			0.88		2,430,000			1.12

Exercisable at end of year		2,820,416			0.88		2,198,750			1.08		2,401,250			1.12

Warrants (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Warrants [Abstract]

Schedule of warrants, valuation assumptions

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

Exercise price	$	1.10
Term	7 years
Volatility		40%
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	4 years		1,342,500
$	1.00		2,000,004	7 years		2,000,004
			3,342,504

				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, 2013

Concentrations [Abstract]

Schedule of revenue from different industries

Industry	For the year ending December 31,
	2013		2012
Staffing	$	80,780	$	69,773
Transportation		627,095		782,058
Service		1,365,379		1,426,583
Other		20,357		105,483
Manufacturing		173,844		-
Apparel		96,673		142,729
	$	2,364,128	$	2,526,626

Schedule of revenue from different client

	Percentage of Accounts Receivable			Percentage of Revenues for
	Portfolio			the Twelve Months
	As of			Ended
Entity	December 31, 2013			December 31, 2013
Trucking company in MI		8.7	%		4.3	%
Cable trenching utility in FL		6.4	%		3.4	%
Importer in MI		8.4	%		3.0	%
Aerospace servicer in NM		6.2	%		3.7	%
Trucking Company in VA		6.4	%		1.9	%
		36.1	%		16.3	%

Supplemental Disclosures of Cash Flow (Tables)

12 Months Ended

Dec. 31, 2013

Supplemental Cash Flow Elements [Abstract]

Schedule of interest paid in cash

	For the year ending December 31,
		2013		2012
To a financial institution		$	369,487	$	446,922
To a related party			-		15,123
Total		$	369,487	$	462,045

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Schedule of total provision for income taxes from continuing operations

	2013			2012

Federal tax expense at statutory rate	$	(235,000	)	$	146,000
State tax expense		(10,000	)		15,000
Permanent items		5,000			−
Change in valuation allowance		(240,000	)		(161,000	)
Income taxes	$	-		$	-

Schedule of deferred assets and liabilities

	2013			2012

Equity based compensation	$	102,000		$	91,000
Allowance for doubtful accounts		1,000			31,000
Net operating loss carry-forwards		1,660,000			1,385,000

Gross deferred tax assets		1,763,000			1,507,000
Fixed assets and intangible basis difference		(19,000	)		(3,000	)
		1,744,000			1,504,000
Valuation allowance		(1,744,000	)		(1,504,000	)
Income taxes	$	-		$	-

Schedule of net operating loss carryforwards

	Amount			Expiration

Federal		$	4,313,000		2022 - 2025

State		$	1,669,000		2022 - 2025

Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Information [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended December 31,
	2013		2012
Assets:
FlexShopper	$	718,896	$	−
Anchor		5,761,499		7,919,985
Total	$	6,480,395	$	7,919,985

Revenues:
FlexShopper	$	119		$	−
Anchor		2,364,009			2,526,626
Total	$	2,364,128		$	2,526,626

Net (loss) income:
FlexShopper	$	(655,474	)	$	−
Anchor		(38,207	)		378,859
Total	$	(693,681	)	$	378,859

Commitments and Contingencies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Schedule of Future Minimum Lease Payments


2015	$	135,800
2016		120,600
2017		124,400
2018		128,100
2019		109,500
	$	618,400


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

Summary of Significant Accounting Policies - Reconciliation of components used to derive basic and diluted EPS (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies [Abstract]
(Numerator) Net Income (Loss), Basic EPS					$ (693,681)	$ 378,859
(Numerator) Net Income (Loss), Effect of Dilutive Securities - Options and Convertible Preferred Stock
(Numerator) Net Income (Loss), Diluted EPS					$ (693,681)	$ 378,859
(Denominator) Weighted- Average Shares, Basic EPS	32,128,770	18,634,369	25,994,442	18,634,369	18,987,702	18,634,369
(Denominator) Weighted- Average Shares, Effect of Dilutive Securities - Options and Convertible Preferred Stock						2,129,263
(Denominator) Weighted- Average Shares, Diluted EPS	32,128,770	18,634,369	25,994,442	18,634,369	18,987,702	20,763,632
Per Share Amount, Basic EPS	$ (0.04)		$ (0.11)		$ (0.04)	$ 0.02
Per Share Amount, Effect of Dilutive Securities - Options and Convertible Preferred Stock
Per Share Amount, Diluted EPS	$ (0.04)		$ (0.11)		$ (0.04)	$ 0.02

Summary of Significant Accounting Policies (Details 1)	Sep. 30, 2014 USD ($)
Capital Leases, Balance Sheet, Assets by Major Class, Net [Abstract]
Lease merchandise - at cost	$ 3,892,682
Accumulated depreciation	(1,019,832)
Impairment reserve	(300,000)
Lease merchandise - net	$ 2,572,850

Summary of Significant Accounting Policies (Details 2) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	9,083,579	8,254,769	8,967,411	8,153,860
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	2,090,954	1,919,573	2,163,623	1,919,573
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	3,650,121	2,992,692	3,461,284	2,891,783
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	3,342,504	3,342,504	3,342,504	3,342,504

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]
Maximum percentage of advances on purchase order			100.00%
Allowance for doubtful accounts			$ 3,000	$ 80,449	$ 17,500
Total advertising costs	$ 228,100	$ 416,300	$ 282,000	$ 267,000
Legal Useful life		20 years
Amortization method		Straight line method	Straight line method
Flexible options to obtain ownership description		Customer has completed the payments required in the lease purchase agreement to own the merchandise, generally 52 weeks, or exercises the 90 day same as cash early purchase option. Under this option, if within 90 days of the lease the customer pays the cash price inclusive of a nominal processing fee, ownership transfers to the customer. After 90 days, the customer may also choose an early payment option to acquire ownership which would be less expensive than making 52 weekly payments.
Revenue recognition		Through a 90 day same as cash option or through payments of all required lease payments for ownership.
Revenue, other financial services	$ 15,000	$ 22,000

Discontinued Operations (Details) - USD ($)	Sep. 30, 2014	Dec. 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$ 8,150	$ 4,966,338
Earned but uncollected fees		141,077
Due from client	22,298	256,313
Assets of discontinued operations, Total	30,448	5,363,728
Liabilities of discontinued operations:
Accounts payable	62,015	26,966
Accrued expenses	39,151	51,719
Due to financial institution	39,342	3,240,942
Deferred revenue		12,328
Liabilities of discontinued operations,Total	$ 140,508	$ 3,331,955

Discontinued Operations (Details 1) - USD ($)	3 Months Ended		9 Months Ended
Discontinued Operations (Details 1) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Discontinued Operations [Abstract]
Finance revenues	$ 25,490	$ 546,872	$ 735,357	$ 1,853,081
Interest expense-financial institution	(532)	(87,656)	(109,878)	(298,069)
Benefit (Provision) for credit losses		45,675	24,904	(59,325)
Net finance revenues	24,958	504,891	650,383	1,495,687
Operating expenses	(196,056)	(770,064)	(441,336)	(1,723,140)
Commissions on sale and other income	308,216		308,216
Gain on sale of discontinued assets			445,474
Net income (loss) from discontinued operations	$ 137,118	$ (265,173)	$ 962,737	$ (227,453)

Discontinued Operations (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
Discontinued Operations (Details Textual) - USD ($)	Sep. 30, 2014	Sep. 30, 2014
Discontinued Operations [Abstract]
Asset purchase and sale agreement description		The purchase price for the Anchor Assets was equal to (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.
Income from the sale of discontinued assets		$ 445,474
Earnout payments	$ 183,443	$ 183,443

Retained Interest in Purchased Accounts Receivable - Retained interest in purchased accounts receivable (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Retained Interest In Purchased Accounts Receivable [Abstract]
Purchased invoices	$ 6,085,940	$ 8,921,203
Purchase order advances	365,394	21,156
Reserve account	(1,481,996)	(1,842,447)
Allowance for uncollectible invoices	(3,000)	(80,449)	$ (17,500)
Retained interest in purchased accounts receivable, net	$ 4,966,338	$ 7,019,463

Retained Interest in Purchased Accounts Receivable - Retained interest in purchased accounts receivable excluding allowance for uncollectible invoices (Details 1) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	$ 4,969,338	$ 7,099,912
Staffing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	192,806	185,557
Transportation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	1,592,900	1,773,290
Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	3,063,021	4,528,668
Manufacturing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained interest in purchased accounts receivable	$ 120,611	$ 612,397

Retained Interest in Purchased Accounts Receivable - Summary of Adjustments to allowance for uncollectible invoices (Details 2) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Retained Interest In Purchased Accounts Receivable [Abstract]
Balance - beginning of year	$ 3,000	$ 80,449	$ 80,449	$ 17,500
Provision for credit losses	$ 593,180			62,949
Write-offs			(89,649)
Balance - end of year			$ 3,000	$ 80,449

Retained Interest in Purchased Accounts Receivable - Summary of purchased invoices and purchase order advances (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Retained Interest In Purchased Accounts Receivable [Abstract]
Purchased invoices	$ 83,653,644	$ 95,875,787
Purchase order advances	843,193	435,928
Purchased invoices and purchase order advances, Total	$ 84,496,837	$ 96,311,715

Due from Client (Details)	12 Months Ended
Due from Client (Details)	Dec. 31, 2013 USD ($)
Due From Client [Abstract]
Amount owed from a client	$ 250,000
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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 465,343	$ 316,470	$ 234,323
Less: accumulated depreciation	(300,515)	(258,391)	(220,066)
Property and equipment, net	164,828	58,079	14,257
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 99,982	$ 64,945	46,818
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years	5 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years	2 years
Computers and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 365,361	$ 251,525	$ 187,505
Computers and Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years	7 years
Computers and Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years	3 years

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Property and Equipment (Details Textual) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Property and Equipment [Abstract]
Depreciation expense	$ 23,717	$ 7,023	$ 42,125	$ 19,681	$ 38,326	$ 19,804

Due to Financial Institution (Details Textual) - USD ($)	1 Months Ended
	Nov. 30, 2011	Dec. 31, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]
Due to financial institution		$ 3,240,942	$ 4,977,763
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

Loan Payable Shareholders (Details)	1 Months Ended	12 Months Ended
Loan Payable Shareholders (Details)	Mar. 19, 2014 USD ($) Promissory_Note	Dec. 31, 2013 Promissory_Note	May 31, 2014 $ / shares	Jun. 05, 2012 USD ($)
Schedule Loan Payable To Officer [Line Items]
Number of promissory notes \| Promissory_Note	2	2
Conversion price \| $ / shares			$ 0.55
Morry Rubin [Member] \| Line Of Credit Promissory Note [Member]
Schedule Loan Payable To Officer [Line Items]
Promissory notes, face amount	$ 500,000			$ 200,000
Major Shareholder [Member] \| Line Of Credit Promissory Note [Member]
Schedule Loan Payable To Officer [Line Items]
Promissory notes, face amount	500,000			200,000
Morry Rubin and Major Shareholders [Member] \| Line Of Credit Promissory Note [Member]
Schedule Loan Payable To Officer [Line Items]
Promissory notes, face amount	$ 1,000,000			$ 400,000
Interest rate of promissory note	10.00%			15.00%

Capital Structure - Summary of changes in series 1 convertible preferred stock and common stock shares (Details) - shares	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2007	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Conversion of preferred shares to common stock, shares		194,758
Series 1 Convertible Preferred Stock
Balance, beginning (in shares)		376,387	376,387	376,387
Conversion of preferred shares to common stock, shares	2,000,000
Common stock issuances (in shares)
Balance, ending (in shares)			376,387	376,387
Common Stock
Balance, beginning (in shares)		21,148,862	18,634,369	18,634,369
Conversion of preferred shares to common stock, shares
Common stock issuances (in shares)			2,514,493
Balance, ending (in shares)			21,148,862	18,634,369

Capital Structure (Details Textual) - USD ($)			1 Months Ended		3 Months Ended	9 Months Ended		12 Months Ended
Capital Structure (Details Textual) - USD ($)	Oct. 09, 2014	Dec. 07, 2009	Oct. 31, 2014	Jan. 31, 2007	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Preferred stock, par value (in dollars per share)					$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares authorized (in shares)					10,000,000	10,000,000		10,000,000
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)						194,758
Common stock, shares authorized (in shares)					65,000,000			65,000,000
Common stock, par value (in dollars per share)					$ 0.0001			$ 0.0001
Restricted common stock, value					$ 1,000,000
Restricted common stock, shares					2,500,000
Restricted common stock, per share					$ 0.40			$ 0.40
Shares issued to consultants for services					14,493
Preferred shares were converted						34,168 preferred shares were converted into 194,758 common shares.
Proceeds from sale of common stock						$ 5,472,008
Sale of common stock, net of issuance costs of $39,000, shares		500,002
Exercise price of warrants (in dollars per share)		$ 1.00
Warrants to purchase common stock description						The foregoing excludes the issuance at the final closing date of October 9, 2014 of seven year warrants to purchase 15% of the number of shares sold in the offering, which warrants were issued to the placement agents.
Subsequent Event [Member]
Sale of common stock, net of issuance costs of $39,000, shares			245,456
Warrants to purchase common stock	6,818
Private Placement [Member]
Debt conversion amount						$ 500,000
Common stock issued for conversion of debt, Shares						1,818,182
Common stock issued for conversion of debt						$ 1,000,000
Private Placement [Member] \| Subsequent Event [Member]
Proceeds from sale of common stock			$ 6,501,101
Sale of common stock, net of issuance costs of $39,000, shares			11,820,187
Placement Agent [Member]
Exercise price of warrants (in dollars per share)	$ 0.55
Warrants to purchase common stock						1,766,209
Placement Agent [Member] \| Subsequent Event [Member]
Exercise price of warrants (in dollars per share)			$ 0.55
Warrants to purchase common stock	1,773,027
Series 1 Convertible Preferred Stock
Preferred stock conversion into Series 1 Convertible Preferred Stock (in shares)				2,000,000
Preferred stock, shares outstanding						342,219
Preferred stock conversion ratio						5.1 shares		5.1 shares
Dividend rate on Series 1 Convertible Preferred Stock						8.00%		8.00%
Common stock, shares authorized (in shares)						65,000,000
Common stock, par value (in dollars per share)						$ 0.0001
Series 1 Preferred Stock [Member]
Preferred stock conversion ratio						5.8 shares

Related Party Transactions (Details Textual)		1 Months Ended	12 Months Ended
Related Party Transactions (Details Textual)	Jun. 05, 2012 USD ($)	Mar. 19, 2014 USD ($) Promissory_Note	Dec. 31, 2013 Promissory_Note	Dec. 31, 2012 USD ($)
Related Party Transaction [Line Items]
Number of promissory notes \| Promissory_Note		2	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	$ 500,000
Morry Rubin \| Line Of Credit Promissory Note \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Promissory notes, face amount		500,000
Major Shareholder \| Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Promissory notes, face amount	200,000	500,000
Major Shareholder \| Line Of Credit Promissory Note \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Promissory notes, face amount		500,000
Morry Rubin and Major Shareholders \| Line Of Credit Promissory Note
Related Party Transaction [Line Items]
Promissory notes, face amount	$ 400,000	$ 1,000,000
Term of promissory note	90 days
Interest rate of promissory note	15.00%	10.00%
Rediscount credit facility with a commercial bank	$ 10,000,000
Morry Rubin and Major Shareholders \| Line Of Credit Promissory Note \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Promissory notes, face amount		$ 1,000,000
Interest rate of promissory note		10.00%

Related Party Transactions (Details Textual 1) - Stock Options - $ / shares	1 Months Ended					9 Months Ended	12 Months Ended
	Jul. 25, 2014	Mar. 24, 2014	Jun. 30, 2013	Jun. 30, 2012	Mar. 20, 2012	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]
Number of option granted						871,000	195,000	680,000
Preferred stock conversion ratio					5.1 shares
Shares exercisable (in dollars per share)							$ 0.88	$ 1.08	$ 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			10 years
Number of option granted		250,000			250,000
Vesting period of option					10 years
Officers and Directors
Related Party Transaction [Line Items]
Term of options	10 years		10 years		10 years
Number of option granted	180,000		100,000		500,000
Shares exercisable (in dollars per share)			$ 0.35
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	9 Months Ended	12 Months Ended
	Sep. 30, 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	3,706,000	3,015,000	2,830,000	2,430,000	2,440,000
Number Exercisable	3,412,833	2,820,416	2,198,750	2,401,250
Exercise Price $ 1.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 1.25	$ 1.25
Number Outstanding	1,605,000	1,605,000
Remaining Contractual Life	4 years	4 years
Number Exercisable	1,605,000	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	$ 1.00	$ 1.00
Number Outstanding	45,000	45,000	45,000
Remaining Contractual Life	6 years	6 years
Number Exercisable	45,000	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	$ 0.62
Number Outstanding	500,000	500,000
Remaining Contractual Life	6 years	6 years
Number Exercisable	500,000	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	$ 0.17
Number Outstanding	500,000	500,000
Remaining Contractual Life	9 years	9 years
Number Exercisable	500,000	500,000
Exercise Price $ 0.25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.25	$ 0.25
Number Outstanding	120,000	180,000
Remaining Contractual Life	10 years	10 years
Number Exercisable	120,000	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
Remaining Contractual Life		10 years
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	$ 0.30
Number Outstanding	50,000	60,000
Remaining Contractual Life	10 years	10 years
Number Exercisable	16,667	20,000
Exercise Price $ 0.45
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.45	$ 0.45
Number Outstanding	25,000	25,000
Remaining Contractual Life	10 years	10 years
Number Exercisable	8,333	8,333
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
Remaining Contractual Life	10 years
Number Exercisable	550,000
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	55,000
Remaining Contractual Life	10 years
Number Exercisable
Exercise Price $ 0.83
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.83
Number Outstanding	25,000
Remaining Contractual Life	10 years
Number Exercisable
Exercise Price $ 0.90
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.90
Number Outstanding	30,000
Remaining Contractual Life	10 years
Number Exercisable	7,500
Exercise Price $ 0.89
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.89
Number Outstanding	180,000
Remaining Contractual Life	10 years
Number Exercisable	60,000
Exercise Price $ 0.79
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price (in dollars per share)	$ 0.79
Number Outstanding	1,000
Remaining Contractual Life	10 years
Number Exercisable	333
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
Remaining Contractual Life	10 years
Number Exercisable

Employment and Stock Option Agreements - Summary of fair value option award on date of grant (Details 1) - Stock Options - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term	10 years	10 years
Volatility	0.37%
Dividends	0.00%	0.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 0.75	$ 0.17
Volatility		0.38%
Discount rate	2.43%	0.02%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 0.90	$ 1.25
Volatility		2.50%
Discount rate	2.70%	4.75%

Employment and Stock Option Agreements- Summary of stock option activity and weighted average exercise price (Details 2) - Stock Options - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of year	3,015,000	2,830,000	2,430,000	2,440,000
Granted	871,000	195,000	680,000
Cancelled	(146,667)	(10,000)	(280,000)	(10,000)
Exercise of stock options, shares	(33,333)
Outstanding at end of year	3,706,000	3,015,000	2,830,000	2,430,000
Exercisable at end of year	3,412,833	2,820,416	2,198,750	2,401,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year	$ 0.85	$ 0.88	$ 1.12	$ 1.10
Granted		0.35	0.19
Canceled		0.45	1.25	1.00
Exercised
Outstanding at end of year		0.85	0.88	1.12
Exercisable at end of year		$ 0.88	$ 1.08	$ 1.12

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) - Stock Options - USD ($)		12 Months Ended
	Aug. 08, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exercisable (in dollars per share)		$ 0.88	$ 1.08	$ 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	$ 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
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
Option award method used		Black Scholes option pricing model

Employment and Stock Option Agreements (Details Textual 2) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Employment and Stock Option Agreements [Abstract]
Fair value amounts recorded for option	$ 37,200	$ 7,250	$ 271,700	$ 54,623	$ 49,805	$ 10,229

Warrants - Summary of warrants (Details) - Warrant - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Class of Warrant or Right [Line Items]
Exercise price	$ 1.10	$ 1.10
Term	4 years	7 years
Volatility	37.00%	40.00%
Dividends	0.00%	0.00%
Discount rate	0.09%	0.05%

Warrants - Summary of information about stock warrants (Details 1) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 07, 2009
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)			$ 1.00
Number Outstanding	3,342,504
Warrant \| Exercise Price $ 1.10
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.10	$ 1.10
Number Outstanding	1,342,500	1,342,500
Weighted Average Remaining Contractual Life	4 years	1 month
Number Exercisable	1,342,500	1,342,500
Warrant \| Exercise Price $ 1.00
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.00	$ 1.00
Number Outstanding	2,000,004	2,000,004
Weighted Average Remaining Contractual Life	7 years	7 years
Number Exercisable	2,000,004	2,000,004

Warrants (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Warrants (Details Textual) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 07, 2009	Mar. 31, 2007
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	$ 4,200	$ 1,916	$ 7,000	$ 1,916	$ 1,916
Warrant
Class of Warrant or Right [Line Items]
Number of common stock shares to purchase warrant	1,342,500		1,342,500				1,342,500
Exercise price (in dollars per share)	$ 0.104		$ 0.104		$ 0.023
Warrant \| Warrants Extended By 31 January 2013
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.10		$ 1.10				$ 1.35
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) - USD ($)		1 Months Ended
Warrants (Details Textual 1) - USD ($)	Dec. 07, 2009	Oct. 31, 2014	Oct. 09, 2014
Warrant (Textual)
Proceeds from sale of common stock shares	$ 500,002
Sale of common stock, net of issuance costs of $39,000, shares	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
Subsequent Event [Member]
Warrant (Textual)
Sale of common stock, net of issuance costs of $39,000, shares		245,456
Placement Agent [Member]
Warrant (Textual)
Exercise price (in dollars per share)			$ 0.55
Placement Agent [Member] \| Subsequent Event [Member]
Warrant (Textual)
Term of warrant		7 years
Number of common stock shares to purchase warrant		1,773,027
Exercise price (in dollars per share)		$ 0.55

Concentrations -Summary of revenue from different industries (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenue By Different Industries [Line Items]
Revenues by industries	$ 2,364,128	$ 2,526,626
Staffing
Revenue By Different Industries [Line Items]
Revenues by industries	80,780	69,773
Transportation
Revenue By Different Industries [Line Items]
Revenues by industries	627,095	782,058
Service
Revenue By Different Industries [Line Items]
Revenues by industries	1,365,379	1,426,583
Other
Revenue By Different Industries [Line Items]
Revenues by industries	20,357	105,483
Manufacturing
Revenue By Different Industries [Line Items]
Revenues by industries	173,844
Apparel
Revenue By Different Industries [Line Items]
Revenues by industries	$ 96,673	$ 142,729

Concentrations- Summary of client accounts (Details 1) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2013
Accounts Receivable
Concentration Risk [Line Items]
Percentage of revenue from major customer	36.10%
Accounts Receivable \| Trucking Company \| MI
Concentration Risk [Line Items]
Percentage of revenue from major customer	8.70%
Accounts Receivable \| Cable trenching utility \| FL
Concentration Risk [Line Items]
Percentage of revenue from major customer	6.40%
Accounts Receivable \| Importer \| MI
Concentration Risk [Line Items]
Percentage of revenue from major customer	8.40%
Accounts Receivable \| Aerospace servicer \| NM
Concentration Risk [Line Items]
Percentage of revenue from major customer	6.20%
Accounts Receivable \| Trucking Company \| VA
Concentration Risk [Line Items]
Percentage of revenue from major customer	6.40%
Revenue
Concentration Risk [Line Items]
Percentage of revenue from major customer	16.30%
Revenue \| Trucking Company \| MI
Concentration Risk [Line Items]
Percentage of revenue from major customer	4.30%
Revenue \| Cable trenching utility \| FL
Concentration Risk [Line Items]
Percentage of revenue from major customer	3.40%
Revenue \| Importer \| MI
Concentration Risk [Line Items]
Percentage of revenue from major customer	3.00%
Revenue \| Aerospace servicer \| NM
Concentration Risk [Line Items]
Percentage of revenue from major customer	3.70%
Revenue \| Trucking Company \| VA
Concentration Risk [Line Items]
Percentage of revenue from major customer	1.90%

Concentrations (Details Textual) - Customer Concentration Risk - Clients	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Percentage of revenue from major customer	10% or more	10% or more
Percentage of revenue from major customer, description	The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.	The Company did not have any major customers for the years ending December 31, 2013 and 2012 that represented 10% or more of its revenues.
Number of clients	5
Accounts Receivable
Concentration Risk [Line Items]
Percentage of revenue from major customer	36.10%
Revenue
Concentration Risk [Line Items]
Percentage of revenue from major customer	16.30%

Concentrations (Details Textual 1)	Dec. 31, 2013 USD ($)
Concentrations [Abstract]
Depository account maximum amount covered by FDIC	$ 250,000
Cash, deposit in excess of the insured limits	$ 546,000

Supplemental Disclosures of Cash Flow - Summary of cash paid for interest (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplemental Cash Flow Elements [Abstract]
To a financial institution	$ 369,487	$ 446,922
To a related party		15,123
Total	$ 369,487	$ 462,045

Supplemental Disclosures of Cash Flow (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Conversion of officers loans to common stock	$ 1,000,000	$ 1,000,000
Conversion of preferred shares to common stock
Preferred Stock [Member]
Conversion of preferred shares to common stock		$ (60,950)

Income Taxes - Summary of total provision for income taxes from continuing operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]
Federal tax expense at statutory rate	$ (235,000)	$ 146,000
State tax expense	(10,000)	15,000
Permanent items	5,000
Change in valuation allowance	(240,000)	(161,000)
Income taxes

Income Taxes - Summary of deferred assets and liabilities (Details 1) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]
Equity based compensation	$ 102,000	$ 91,000
Allowance for doubtful accounts	1,000	31,000
Net operating loss carry-forwards	1,660,000	1,385,000
Gross deferred tax assets	1,763,000	1,507,000
Fixed assets and intangible basis difference	(19,000)	(3,000)
Deferred tax assets, net of valuation allowance	1,744,000	1,504,000
Valuation allowance	(1,744,000)	(1,504,000)
Income taxes

Income Taxes- Summary of net operating loss carryforwards available to offset future taxable income (Details 2) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Future taxable income amount	$ 4,300,000
Future taxable income expiration	2022 through 2025
Federal
Operating Loss Carryforwards [Line Items]
Future taxable income amount		$ 4,313,000
Future taxable income expiration		2022 - 2025
State
Operating Loss Carryforwards [Line Items]
Future taxable income amount		$ 1,669,000
Future taxable income expiration		2022 - 2025

Income Taxes (Details Textual) - USD ($)	9 Months Ended	12 Months Ended
Income Taxes (Details Textual) - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Taxes (Textual)
Statutory federal tax rate		34.00%
Gross deferred tax assets		$ 1,763,000	$ 1,507,000
Valuation allowance		$ 1,744,000	$ 1,504,000
Operating Loss Carryforwards	$ 4,300,000
Operating Loss Carry Forwards Expiration Period	2022 through 2025

Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Segment Information (Details) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Net (loss) income:	$ (1,227,505)	$ (265,173)	$ (2,847,330)	$ (227,453)	$ (693,681)	$ 378,859
Assets:	$ 7,538,623		$ 7,538,623		6,480,395	7,919,985
Revenues:					2,364,128	2,526,626
Flexshopper
Segment Reporting Information [Line Items]
Net (loss) income:					(655,474)
Assets:					718,896
Revenues:					119
Anchor
Segment Reporting Information [Line Items]
Net (loss) income:					(38,207)	378,859
Assets:					5,761,499	7,919,985
Revenues:					$ 2,364,009	$ 2,526,626

- Definition

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

+ References + Details

Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2014	Dec. 31, 2013
Commitments and Contingencies [Abstract]
2015	$ 135,800	$ 86,900
2016	120,600	117,600
2017	124,400	122,000
2018	128,100	126,000
2019	109,500	129,600
Thereafter		77,200
Total	$ 618,400	$ 659,300

Commitments and Contingencies (Details Textual)	1 Months Ended					9 Months Ended		12 Months Ended
Commitments and Contingencies (Details Textual)	Aug. 01, 2013 USD ($)	Nov. 30, 2012 USD ($)	Oct. 22, 2011 USD ($)	Oct. 22, 2010 USD ($)	Nov. 30, 2009	Sep. 30, 2014 USD ($) Leases	Sep. 30, 2013 USD ($)	Dec. 31, 2013 USD ($) Promissory_Note	Dec. 31, 2012 USD ($)	Sep. 09, 2014 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Rental expense						$ 116,000	$ 42,000	$ 58,921	$ 46,571
Future minimum lease payments in 2013						$ 135,800		$ 86,900
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.		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	$ 485,000
Discontinued operations										$ 124,774
Charlotte
Property Subject to or Available for Operating Lease [Line Items]
Number of leases						2		2
Monthly rent						$ 2,340		$ 2,340
Boca Raton
Property Subject to or Available for Operating Lease [Line Items]
Monthly rent	$ 6,800	$ 1,413
Term of lease	39 months				24 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)		1 Months Ended		9 Months Ended	12 Months Ended
Subsequent Events (Details)	Dec. 07, 2009 shares	Oct. 31, 2014 USD ($) shares	Mar. 19, 2014 USD ($) Promissory_Note	Sep. 30, 2014 USD ($)	Dec. 31, 2013 USD ($) Promissory_Note	Jun. 05, 2012 USD ($)
Subsequent Event [Line Items]
Number of promissory notes \| Promissory_Note			2		2
Sale of common stock, net of issuance costs of $39,000, shares \| shares	500,002
Sale of common stock, net of issuance costs of $39,000				$ 5,433,037	$ 1,000,000
Line of Credit Promissory Note [Member] \| Morry Rubin [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			$ 500,000			$ 200,000
Line of Credit Promissory Note [Member] \| Major Shareholder [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			500,000			200,000
Line of Credit Promissory Note [Member] \| Morry Rubin and Major Shareholders [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			$ 1,000,000			$ 400,000
Interest rate of promissory note			10.00%			15.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Sale of common stock, net of issuance costs of $39,000, shares \| shares		245,456
Sale of common stock, net of issuance costs of $39,000		$ 135,000
Subsequent Event [Member] \| Line of Credit Promissory Note [Member] \| Morry Rubin [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			$ 500,000
Subsequent Event [Member] \| Line of Credit Promissory Note [Member] \| Major Shareholder [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			500,000
Subsequent Event [Member] \| Line of Credit Promissory Note [Member] \| Morry Rubin and Major Shareholders [Member]
Subsequent Event [Line Items]
Promissory notes, face amount			$ 1,000,000
Interest rate of promissory note			10.00%

Label	Element	Value
Series One Convertible Preferred Stock [Member]
Shares, Issued	us-gaap_SharesIssued	376,387
Common Stock [Member]
Shares, Issued	us-gaap_SharesIssued	18,634,369