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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 12, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	FlexShopper, Inc.
Entity Central Index Key	0001397047
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		17,666,193
Entity File Number	001-37945
Entity Interactive Data Current	Yes
Entity Incorporation, State Country Code	DE

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash	$ 2,791,829	$ 6,141,210
Accounts receivable, net	6,897,421	6,375,963
Prepaid expenses	517,139	317,160
Lease merchandise, net	24,425,167	32,364,697
Total current assets	34,631,556	45,199,030
PROPERTY AND EQUIPMENT, net	5,266,219	3,336,664
OTHER ASSETS, net	129,884	90,621
Total assets	40,027,659	48,626,315
CURRENT LIABILITIES:
Current portion of loan payable under credit agreement to beneficial shareholder net of $0 at 2019 and $167,483 at 2018 of unamortized issuance costs		14,252,717
Accounts payable	2,571,890	8,317,216
Accrued payroll and related taxes	364,659	393,095
Promissory notes to related parties net of $13,333 at 2019 and $0 at 2018 of unamortized issuance costs	1,053,114	1,814,771
Accrued expenses	799,468	1,335,505
Lease liability - current portion	224,998
Total current liabilities	5,014,129	26,113,304
Loan payable under credit agreement to beneficial shareholder net of $226,963 at 2019 and $164,752 at 2018 of unamortized issuance costs and current portion	20,480,678	14,020,335
Promissory notes to related parties net of $33,103 at 2019 and $0 at 2018 of unamortized issuance costs and current portion	3,716,896
Lease liabilities less current portion	1,734,564
Total liabilities	30,946,267	40,133,639
STOCKHOLDERS' EQUITY
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 171,191 shares at 2019 and 239,405 shares at 2018 at $5.00 stated value	855,955	1,197,025
Series 2 Convertible Preferred Stock, $0.001 par value - authorized 25,000 shares, issued and outstanding 21,952 shares at $1,000 stated value	21,952,000	21,952,000
Common stock, $0.0001 par value- authorized 40,000,000 shares, issued and outstanding 17,666,193 shares at 2019 and 17,579,870 shares at 2018	1,767	1,758
Additional paid in capital	34,810,668	34,074,488
Accumulated deficit	(48,538,998)	(48,732,595)
Total stockholders' equity	9,081,392	8,492,676
Total liabilities and stockholder's equity	$ 40,027,659	$ 48,626,315

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Promissory notes to related parties net of unamortized issuance costs	$ 28,872	$ 0
Promissory notes to related parties net unamortized issuance costs and current portion	17,564	0
Loan payable unamortized issuance costs	136,477	167,483
Unamortized issuance costs	$ 90,486	$ 164,752
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	17,666,193	17,579,870
Common stock, shares outstanding	17,666,193	17,579,870
Convertible Preferred Stock Series One [Member]
Convertible preferred stock, stated value	$ 5	$ 5
Convertible preferred stock, par value	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	250,000	250,000
Convertible preferred stock, shares issued	171,191	239,405
Convertible preferred stock, shares outstanding	171,191	239,405
Convertible Preferred Stock Series Two [Member]
Convertible preferred stock, stated value	$ 1,000	$ 1,000
Convertible preferred stock, par value	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	25,000	25,000
Convertible preferred stock, shares issued	21,952	21,952
Convertible preferred stock, shares outstanding	21,952	21,952

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Lease revenues and fees, net	$ 19,901,156	$ 13,104,990	$ 41,685,935	$ 27,266,568
Lease merchandise sold	763,184	487,830	1,709,802	1,102,348
Total revenues	20,664,340	13,592,820	43,395,737	28,368,916
Costs and expenses:
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise	14,260,308	8,987,412	29,538,247	19,395,158
Cost of lease merchandise sold	498,838	324,705	1,063,845	658,468
Marketing	314,229	1,260,237	1,162,775	2,429,187
Salaries and benefits	2,037,081	2,031,788	3,795,168	4,211,164
Operating expenses	2,841,846	1,918,246	5,438,128	3,957,184
Total costs and expenses	19,952,302	14,522,388	40,998,163	30,651,161
Operating income/(loss)	712,038	(929,568)	2,397,574	(2,282,245)
Interest expense including amortization of debt issuance costs	1,021,984	1,045,338	2,203,977	1,979,005
Net income/(loss)	(309,946)	(1,974,906)	193,597	(4,261,250)
Dividends on Series 2 Convertible Preferred Shares	609,282	604,824	1,218,450	1,208,504
Net loss attributable to common shareholders	$ (919,228)	$ (2,579,730)	$ (1,024,853)	$ (5,469,754)
Basic and diluted (loss) per common share:
Net loss	$ (0.05)	$ (0.48)	$ (0.06)	$ (1.03)
WEIGHTED AVERAGE COMMON SHARES:
Basic and diluted	17,666,193	5,368,390	17,658,562	5,331,445

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)	Series 1 Convertible Preferred Stock	Series 2 Convertible Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2017	$ 1,197,025	$ 21,952,000	$ 529	$ 22,445,691	$ (39,271,333)	$ 6,323,912
Balance, shares at Dec. 31, 2017	239,405	21,952	5,294,501
Provision for compensation expense related to stock options				49,702		49,702
Net loss					(2,286,344)	(2,286,344)
Balance at Mar. 31, 2018	$ 1,197,025	$ 21,952,000	$ 529	22,495,393	(41,557,677)	4,087,270
Balance, shares at Mar. 31, 2018	239,405	21,952	5,294,501
Balance at Dec. 31, 2017	$ 1,197,025	$ 21,952,000	$ 529	22,445,691	(39,271,333)	6,323,912
Balance, shares at Dec. 31, 2017	239,405	21,952	5,294,501
Net loss						(4,261,250)
Balance at Jun. 30, 2018	$ 1,197,025	$ 21,952,000	$ 547	23,041,404	(43,532,583)	2,658,393
Balance, shares at Jun. 30, 2018	239,405	21,952	5,469,501
Balance at Mar. 31, 2018	$ 1,197,025	$ 21,952,000	$ 529	22,495,393	(41,557,677)	4,087,270
Balance, shares at Mar. 31, 2018	239,405	21,952	5,294,501
Provision for compensation expense related to stock options				22,779		22,779
Warrants issued in connection with amended credit agreement and subsequent issuance of common stock upon exercise of the warrants			$ 18	523,232		523,250
Warrants issued in connection with amended credit agreement and subsequent issuance of common stock upon exercise of the warrants, shares			175,000
Net loss					(1,974,906)	(1,974,906)
Balance at Jun. 30, 2018	$ 1,197,025	$ 21,952,000	$ 547	23,041,404	(43,532,583)	2,658,393
Balance, shares at Jun. 30, 2018	239,405	21,952	5,469,501
Balance at Dec. 31, 2018	$ 1,197,025	$ 21,952,000	$ 1,758	34,074,488	(48,732,595)	8,492,676
Balance, shares at Dec. 31, 2018	239,405	21,952	17,579,870
Provision for compensation expense related to stock options				25,529		25,529
Refund of costs related to equity raise				13,147		13,147
Conversion of preferred stock to common stock	$ (341,070)		$ 9	341,061
Conversion of preferred stock to common stock, shares	(68,214)		86,323
Issuance of warrants in connection with consulting agreement				11,200		11,200
Net loss					503,543	503,543
Balance at Mar. 31, 2019	$ 855,955	$ 21,952,000	$ 1,767	34,465,425	(48,229,052)	9,046,095
Balance, shares at Mar. 31, 2019	171,191	21,952	17,666,193
Balance at Dec. 31, 2018	$ 1,197,025	$ 21,952,000	$ 1,758	34,074,488	(48,732,595)	8,492,676
Balance, shares at Dec. 31, 2018	239,405	21,952	17,579,870
Net loss						193,597
Balance at Jun. 30, 2019	$ 855,955	$ 21,952,000	$ 1,767	34,810,668	(48,538,998)	9,081,392
Balance, shares at Jun. 30, 2019	171,191	21,952	17,666,193
Balance at Mar. 31, 2019	$ 855,955	$ 21,952,000	$ 1,767	34,465,425	(48,229,052)	9,046,095
Balance, shares at Mar. 31, 2019	171,191	21,952	17,666,193
Provision for compensation expense related to stock options				303,243		303,243
Refund of costs related to equity raise				10,000		10,000
Issuance of warrants in connection with consulting agreement				32,000		32,000
Net loss					(309,946)	(309,946)
Balance at Jun. 30, 2019	$ 855,955	$ 21,952,000	$ 1,767	$ 34,810,668	$ (48,538,998)	$ 9,081,392
Balance, shares at Jun. 30, 2019	171,191	21,952	17,666,193

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 193,597	$ (4,261,250)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Depreciation and impairment of lease merchandise	29,538,247	19,395,158
Other depreciation and amortization	1,237,143	1,191,510
Compensation expense related to issuance of stock options and warrants	371,972	72,481
Provision for doubtful accounts	15,774,830	10,658,805
Changes in operating assets and liabilities:
Accounts receivable	(16,296,288)	(10,504,020)
Prepaid expenses and other	(198,666)	(60,167)
Lease merchandise	(21,598,717)	(15,786,419)
Security deposits	(40,801)
Accounts payable	(5,745,326)	(3,188,174)
Accrued payroll and related taxes	(28,436)	(38,832)
Accrued expenses	(511,712)	108,198
Net cash used in operating activities	(2,695,843)	(2,412,710)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment, including capitalized software costs	(1,105,122)	(1,021,551)
Net cash used in investing activities	(1,105,122)	(1,021,551)
CASH FLOWS FROM FINANCING ACTIVITIES
Refund of equity issuance related costs	23,147
Proceeds from exercise of warrants		1,750
Proceeds from promissory notes, net of fees	3,440,000	3,465,000
Repayment of promissory note	(500,000)
Proceeds from loan payable under credit agreement	1,358,343	3,550,000
Repayment of loan payable under credit agreement	(9,255,988)	(6,420,852)
Repayment of installment loan	(5,604)	(5,604)
Debt issuance related costs		(69,000)
Net cash (used in) provided by financing activities	(4,940,102)	521,294
DECREASE IN CASH	(3,349,381)	(2,912,967)
CASH, beginning of period	6,141,210	4,968,915
CASH, end of period	2,791,829	2,055,948
Supplemental cash flow information:
Interest paid	1,936,218	1,422,484
Non-cash financing activities:
Conversion of preferred stock to common stock	$ 341,070

Basis of Presentation

6 Months Ended

Jun. 30, 2019

Basis Of Presentation [Abstract]

BASIS OF PRESENTATION

1. BASIS OF PRESENTATION

The interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) applicable to interim financial information. Accordingly, the information presented in the interim financial statements does not include all information and disclosures necessary for a fair presentation of FlexShopper, Inc’s financial position, results of operations and cash flows in conformity with GAAP for annual financial statements. In the opinion of management, these financial statements reflect all adjustments consisting of normal recurring accruals, necessary for a fair statement of our financial position, results of operations and cash flows for such periods. The results of operations for any interim period are not necessarily indicative of the results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in FlexShopper, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

The consolidated balance sheet as of December 31, 2018 contained herein has been derived from audited financial statements.

Business

6 Months Ended

Jun. 30, 2019

Business [Abstract]

BUSINESS

2. BUSINESS

FlexShopper, Inc. (“FlexShopper” or the “Company”) is a corporation organized under the laws of the State of Delaware in 2006. The Company owns 100% of FlexShopper, LLC, a North Carolina limited liability company, which in turns owns 100% of FlexShopper 1, LLC and FlexShopper 2, LLC. The Company is a holding corporation with no operations except for those conducted by FlexShopper, LLC. FlexShopper, LLC provides through e-commerce sites of durable goods to consumers, including customers of third-party retailers and e-tailers, on a lease-to-own (“LTO”) basis.

To date, funds derived from the sale of FlexShopper’s common stock, warrants, Series 1 Convertible Preferred Stock and Series 2 Convertible Preferred Stock and the Company’s ability to borrow both funds against the lease portfolio and from promissory notes have provided the liquidity and capital resources necessary to fund its operations. Management believes that liquidity needs for future growth for at least the next 12 months can be met by cash flow from operations generated by the existing portfolio and/or additional borrowings against the Credit Agreement (see Note 7).

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation - The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of intercompany balances and transactions.

Estimates - The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition - Merchandise is leased to customers pursuant to lease purchase agreements which provide for 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, an early purchase option, or through payments of all required lease payments, generally 52 weeks, for ownership. On any current lease, customers have the option to cancel the agreement in accordance with lease terms and return the merchandise. Accordingly, customer agreements are accounted for as operating leases with lease revenues 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 for lease payments received prior to their due date is deferred and recognized as revenue in the period to which the payments relate. Revenues from leases and sales are reported net of sales taxes.

Accounts Receivable and Allowance for Doubtful Accounts - FlexShopper seeks to collect amounts owed under its leases from each customer on a weekly or monthly basis by charging their bank accounts or credit cards. Accounts receivable are principally comprised of lease payments currently owed to FlexShopper which are past due, as FlexShopper has been unable to successfully collect in the manner described above. The allowance for doubtful accounts is based upon revenues and historical experience of balances charged off as a percentage of revenues. The accounts receivable balances consisted of the following as of June 30, 2019 and December 31, 2018:

	June 30, 2019			December 31, 2018

Accounts receivable	$	17,049,965		$	10,130,269
Allowance for doubtful accounts		(10,152,544	)		(3,754,306	)
Accounts receivable, net	$	6,897,421		$	6,375,963

The allowance is a significant percentage of the balance because FlexShopper does not charge off any customer account until it has exhausted all collection efforts with respect to each account, including attempts to repossess items. In addition, while collections are pursued, the same delinquent customers continue to accrue weekly charges until they are charged off with such charges being fully reserved for. Accounts receivable balances charged off against the allowance were $4,346,498 and $9,376,402 for the three and six months ended June 30, 2019, respectively, and $3,013,914 and $7,442,190 for the three and six months ended June 30, 2018, respectively.

	June 30, 2019			December 31, 2018
Beginning balance	$	3,754,306		$	2,139,765
Provision for write-offs		15,774,640			23,239,189
Accounts written off		(9,376,402	)		(21,624,648	)
Ending balance	$	10,152,544		$	3,754,306

Lease Merchandise - Until all payment obligations for ownership are satisfied under the lease 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 net of accumulated depreciation. The Company depreciates leased merchandise using the straight-line method over the applicable agreement period for a consumer to acquire ownership, generally twelve months with no salvage value. Upon transfer of ownership of merchandise to customers resulting from satisfaction of their lease obligations, the related cost and accumulated depreciation are eliminated from lease merchandise. For lease merchandise returned or anticipated to be returned either voluntarily or through repossession, the Company provides an impairment reserve for the undepreciated balance of the merchandise net of any estimated salvage value with a corresponding charge to cost of lease revenue. The cost, accumulated depreciation and impairment reserve related to such merchandise are written off upon determination that no salvage value is obtainable.

The net leased merchandise balances consisted of the following as of June 30, 2019 and December 31, 2018:

	June 30, 2019			December 31, 2018
Lease merchandise at cost	$	45,325,064		$	48,893,012
Accumulated depreciation		(18,353,830	)		(14,338,295	)
Impairment reserve		(2,546,067	)		(2,190,020	)
Lease merchandise, net	$	24,425,167		$	32,364,697

Lease merchandise at cost represents the undepreciated cost of rental merchandise at the time of purchase.

Deferred Debt Issuance Costs - Debt issuance costs incurred in conjunction with the Credit Agreement entered into on March 6, 2015, and subsequent amendments (see Note 7) are offset against the outstanding balance of the loan payable and are amortized using the straight-line method over the remaining term of the related debt, which approximates the effective interest method. Amortization, which is included in interest expense, was $50,431 and $105,271 for the three and six months ended June 30, 2019, respectively, and $139,903 and $258,307 for the three and six months ended June 30, 2018, respectively.

Debt issuance costs of $35,000 incurred in conjunction with the subordinated Promissory Notes entered into on January 29, 2018 and January 30, 2018 (see Note 6) are offset against the outstanding balance of the loan payable and are amortized using the straight-line method over the remaining term of the related debt, which approximates the effective interest method. Amortization, which is included in interest expense, was $21,000 and $35,000 for the three and six months ended June 30, 2018, respectively.

Debt issuance costs of $60,000 incurred in conjunction with the subordinated Promissory Notes entered into on January 25, 2019 and February 19, 2019 (see Note 6) are offset against the outstanding balance of the loan payable and are amortized using the straight-line method over the remaining term of the related debt, which approximates the effective interest method. Amortization, which is included in interest expense, was $8,138 and $13,563 for the three and six months ended June 30, 2019, respectively.

Intangible Assets - Intangible assets consist of a patent on the Company’s LTO payment method at check-out for third party e-commerce sites. Patents are stated at cost less accumulated amortization. Patent costs are amortized by using the straight-line method over the legal life, or if shorter, the useful life of the patent, which has been estimated to be 10 years.

Software Costs - Costs related to developing or obtaining internal-use software incurred during the preliminary project and post-implementation stages of an internal use software project are expensed as incurred and certain costs incurred in the project’s application development stage are capitalized as property and equipment. The Company expenses costs related to the planning and operating stages of a website. Costs associated with minor enhancements and maintenance for the website are included in expenses as incurred. Direct costs incurred in the website’s development stage are capitalized as property and equipment. Capitalized software costs amounted to $513,645 and $1,060,689 for the three and six months ended June 30, 2019, respectively, and $709,561 and $1,007,387 for the three and six months ended June 30, 2018, respectively. The Company wrote off $102,332 of capitalized development costs in the 2^nd quarter of 2019.

Operating Expenses - Operating expenses include corporate overhead expenses such as salaries, stock-based compensation, insurance, occupancy, and other administrative expenses.

Marketing Costs - Marketing costs, primarily consisting of advertising, are charged to expense as incurred. Direct acquisition costs, primarily consisting of commissions earned based on lease originations, are capitalized and amortized over the life of the lease.

Per Share Data - Per share data is computed by use of the two-class method as a result of outstanding Series 1 Convertible Preferred Stock, which participates in dividends with the common stock and accordingly has participation rights in undistributed earnings as if all such earnings had been distributed during the period (see Note 8). Under such method income available to common shareholders is computed by deducting both dividends declared or, if not declared, accumulated on Series 2 Convertible Preferred Stock from income from continuing operations and from net income. Loss attributable to common shareholders is computed by increasing loss from continuing operations and net loss by such dividends. Where the Company has undistributed net income available to common shareholders, basic earnings per common share is computed based on the total of any dividends paid or declared per common share plus undistributed income per common share determined by dividing net income available to common shareholders reduced by any dividends paid or declared on common and participating Series 1 Convertible Preferred Stock by the total of the weighted average number of common shares outstanding plus the weighted average number of common shares issuable upon conversion of outstanding participating Series 1 Convertible Preferred Stock during the period. Where the Company has a net loss, basic per share data (including income from continuing operations) is computed based solely on the weighted average number of common shares outstanding during the period. As the participating Series 1 Convertible Preferred Stock has no contractual obligation to share in the losses of the Company, common shares issuable upon conversion of such preferred stock are not included in such computations.

Diluted earnings per share is based on the more dilutive of the if-converted method (which assumes conversion of the participating Series 1 Convertible Preferred Stock as of the beginning of the period) or the two-class method (which assumes that the participating Series 1 Convertible Preferred Stock is not converted) plus the potential impact of dilutive non-participating Series 2 Convertible Preferred Stock, options and warrants. The dilutive effect of stock options and warrants is computed using the treasury stock method, which assumes the repurchase of common shares at the average market price during the period. Under the treasury stock method, options and warrants will have a dilutive effect when the average price of common stock during the period exceeds the exercise price of options or warrants. When there is a loss from continuing operations, potential common shares are not included in the computation of diluted loss per share, since they have an anti-dilutive effect.

In computing diluted 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. The following table for 2019 reflects a change in the conversion rates of the Series 1 Convertible Preferred Stock and Series 2 Convertible Preferred Stock due to anti-dilution adjustments as a result of FlexShopper’s September 2018 equity offering.

	Six Months ended
	June 30,
	2019		2018
Series 1 Convertible Preferred Stock		216,637		145,197
Series 2 Convertible Preferred Stock		5,639,745		2,710,124
Series 2 Convertible Preferred Stock issuable upon exercise of warrants		112,785		54,217
Common Stock Options		1,909,151		426,400
Common Stock Warrants		7,342,489		377,303
		15,220,807		3,713,241

Stock-Based Compensation - The fair value of transactions in which the Company exchanges its equity instruments for employee and non-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. The Company has elected to use the Black-Scholes-Merton (BSM) pricing model to determine the fair value of all stock option awards (see Note 9).

Fair Value of Financial Instruments - The carrying value of loans payable under the Credit Agreement increased by unamortized issuance costs (see Note 7) and notes payable approximates fair value. The carrying value of cash, receivables, and payables approximate fair value due to their short-term nature.

Income Taxes - Deferred tax assets and liabilities are determined based on the estimated future tax effects of net operating loss carryforwards and temporary differences between the tax bases of assets and liabilities and their respective financial reporting amounts measured at the current enacted tax rates. The Company records a valuation allowance for its deferred tax assets when management concludes that it is not more likely than not that such assets will be recognized.

The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of June 30, 2019, and 2018, the Company had not recorded any unrecognized tax benefits.

Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively.

Recent Accounting Pronouncements - In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee’s right to use or control the use of a specified asset for the lease term. The Company has determined that the new standard will not materially impact the timing of revenue recognition. The new standard resulted in the Company classifying bad debt expense incurred as a reduction of lease revenue and fees within the consolidated statements of earnings including retrospective presentation of prior year financial information. As a result of the change in presentation, the breakout of lease revenues and fees, net of lessor bad debt expense, that ties the consolidated statements of operations is shown below:

	Six Months ended
	June 30,
	2019		2018
Lease revenues and fees	$	57,460,765	$	37,925,373
Provision for doubtful accounts		15,774,830		10,658,805
Lease revenues and fees, net of lessor bad debt expense	$	41,685,935	$	27,266,568

The new standard also impacted the Company as a lessee by requiring all of its operating leases to be recognized on the balance sheet as a right-to-use asset and lease liability. The Company has elected a package of optional practical expedients which includes the option to retain the current classification of leases entered into prior to January 1, 2019. The Company has concluded that there is no material impact to the consolidated balance sheets, consolidated statements of operations, or consolidated statements of cash flows as a result of the new standard. The Company adopted this new guidance on January 1, 2019 (see Note 4 below).

Leases

6 Months Ended

Jun. 30, 2019

Notes To Financial Statements [Abstract]

LEASES

4. LEASES

Lessor Information - Refer to Note 3 to these condensed consolidated financial statements for further information about the Company’s revenue generating activities as a lessor. All of the Company’s customer agreements are considered operating leases, and the Company currently does not have any sales-type or direct financing leases.

Lessee Information - As a lessee, the Company leases retail, call center and corporate space under operating leases expiring at various times through 2028. At January 1, 2019, the Company recognized $191,001 of operating lease assets and $191,001 of operating lease liabilities as a result of adopting ASU 2016-02.

The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are included in the Company’s consolidated balance sheet beginning January 1, 2019. The breakout of operating lease assets, and current and non-current operating lease liabilities at June 30, 2019, is shown in the table below.

Supplemental balance sheet information related to leases is as follows:

	Balance Sheet Classification	June 30, 2019
Assets
Operating Lease Asset	Property and Equipment, net	$	1,941,203
Total Lease Assets		$	1,941,203

Liabilities
Operating Lease Liability	Current Operating Lease Liabilities	$	224,998
Operating Lease Liability	Long Term Operating Lease Liabilities		1,734,564
Total Lease Liabilities		$	1,959,562

Operating lease assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The Company uses its incremental borrowing rate as the discount rate for its leases, as the implicit rate in the lease is not readily determinable. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. Operating lease assets also include any prepaid lease payments and lease incentives. The lease terms include periods under options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company generally uses the base, non-cancelable, lease term when determining the lease assets and liabilities. Under the short-term lease exception provided within ASC 842, the Company does not record a lease liability or right-of-use asset for any leases that have a lease term of 12 months or less at commencement.

Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s operating leases:

		Weighted Average Discount Rate				Weighted Average Remaining Lease Term (in years)
Operating Leases			13.50	%			9

Upon adoption of ASU 2016-02, discount rates for existing operating leases were established as of January 1, 2019. The discount rate for the new operating lease related to 901 Yamato Road, Boca Raton, FL was established as of June 1, 2019.

Operating lease expense is recognized on a straight-line basis over the lease term within operating expenses in the Company’s consolidated statements of operations. The Company’s total operating lease expenses all relate to operating lease costs and amounted to $101,668 and $166,459 for the three and six months ended June 30, 2019, respectively.

Supplemental cash flow information related to operating leases is as follows:

	Six months ended June 30, 2019
Cash payments for operating leases	$	133,200
New operating lease asset obtained in exchange for operating lease liabilities	$	1,869,287

The new operating lease asset obtained in exchange for operating lease liabilities, as shown above, does not include the $14,900 of direct costs associated with the new operating lease capitalized as part of the right-of-use asset.

Below is a summary of undiscounted operating lease liabilities as of June 30, 2019. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the operating lease liabilities included in the consolidated balance sheet.

	Operating Leases
2019	$	31,464
2020		303,681
2021		416,998
2022		407,450
2023		419,674
2024 and thereafter		2,048,092
Total undiscounted cash flows		3,627,359
Less: interest		(1,667,797	)
Present value of lease liabilities	$	1,959,562

The Company entered into an office lease in January 2019. The lease commenced in June 2019, at which time the Company recognized the operating lease asset and liability. The Company pays a base monthly rent of $31,532 with payments increasing by 3% on each yearly anniversary of the commencement date. The initial lease term is for 9 years with the Company having a one-time option to extend for 5 years.

Property and Equipment

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	Estimated Useful Lives	June 30, 2019			December 31, 2018
Furniture, fixtures and vehicle	2-5 years	$	93,893		$	155,165
Website and internal use software	3 years		9,056,840			8,098,483
Computers and software	3-7 years		544,411			704,407
			9,695,144			8,958,055
Less: accumulated depreciation and amortization			(6,370,128	)		(5,621,391	)
Right of use assets, net			1,941,203			-
		$	5,266,219		$	3,336,664

Depreciation and amortization expense were $592,836 and $461,761 for the three months ended June 30, 2019 and 2018, respectively, and $1,116,770 and $896,666 for the six months ended June 30, 2019 and 2018, respectively.

Promissory Notes

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

PROMISSORY NOTES

6. PROMISSORY NOTES

January 2018 Notes – In January 2018, FlexShopper, LLC entered into letter agreements with Russ Heiser, FlexShopper's Chief Financial Officer, and NRNS Capital Holdings LLC ("NRNS"), the manager of which is the Chairman of the Company's Board of Directors, respectively (such letter agreements, together, the "Commitment Letters"), pursuant to which FlexShopper, LLC issued a subordinated promissory note to each of Mr. Heiser and NRNS (together, the "Notes"). The Commitment Letters provided that Mr. Heiser and NRNS would each make advances to FlexShopper, LLC under the applicable Note in aggregate amounts up to $1,000,000 and $2,500,000, respectively. Payments of principal and accrued interest are due and payable by FlexShopper, LLC upon 30 days' prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty. However, repayment is not permitted without the consent of the Credit Agreement lender. The Notes bear interest at a rate equal to five (5%) per annum in excess of the non-default rate of interest from time to time in effect under the Credit Agreement entered into on March 6, 2015 (see Note 7) computed on the basis of a 360-day year, which equaled 18.39% at June 30, 2019.

Upon issuance of the Notes, FlexShopper, LLC drew $500,000 and a subsequent $500,000 on February 20, 2018 on the Note held by Mr. Heiser and $2,500,000 on the Note held by NRNS. On August 29, 2018, FlexShopper, LLC issued amended and restated Notes to Mr. Heiser and NRNS under which (1) the maturity date for such Notes was set at June 30, 2019 and (2) in connection with the completion of an Equity Financing (as defined in the Notes), the holders of such Notes were granted the option to convert up to 50% of the outstanding principal of the Notes plus accrued and unpaid interest thereon into the securities issued in the Equity Financing at a conversion price equal to the price paid to the Company by the underwriters for such securities, net of the underwriting discount. In connection with the offering of units in September 2018, Mr. Heiser and NRNS elected to convert the convertible portion of the Notes, resulting in the issuance by the Company of 602,974 shares of common stock and 301,487 warrants to Mr. Heiser and 1,507,395 shares of common stock and 753,697 warrants to NRNS.

Prior to Mr. Heiser's Note maturity date, the Company paid down the entire principal and interest balance on June 28, 2019 in the amount of $507,339. NRNS amended and restated the NRNS Note such that the maturity date of the revised Note was set at June 30, 2021. In addition, the Company drew $500,000 on the Note held by NRNS on June 28, 2019. As of June 30, 2019, $1,769,030 of principal and accrued and unpaid interest was outstanding on NRNS's Note.

January 2019 Note - On January 25, 2019, FlexShopper, LLC entered into a letter agreement with 122 Partners, LLC (the lender), pursuant to which FlexShopper, LLC issued a subordinated promissory note to 122 Partners, LLC (the "January Note") in the principal amount of $1,000,000. H. Russell Heiser, Jr., FlexShopper's Chief Financial Officer, is a member of 122 Partners, LLC. The Company paid a commitment fee of 2% to the lender totaling $20,000. Payment of principal and accrued interest under the January Note is due and payable by FlexShopper, LLC on April 30, 2020 and FlexShopper, LLC can prepay principal and interest at any time without penalty. Amounts outstanding under the January Note bear interest at a rate equal to five percent (5.00%) per annum in excess of the non-default rate of interest from time to time in effect under the Credit Agreement, which equaled 18.39% at June 30, 2019. Obligations under the January Note are subordinated to obligations under the Credit Agreement. The January Note is subject to customary representations and warranties and events of default. If an event of default occurs and is continuing, FlexShopper, LLC may be required to repay all amounts outstanding under the January Note. Obligations under the January Note are secured by essentially all of FlexShopper, LLC's assets, subject to rights of the lenders under the Credit Agreement. As of June 30, 2019, $1,015,451 of principal and accrued and unpaid interest was outstanding on the January Note.

February 2019 Note - On February 19, 2019, FlexShopper, LLC entered into a letter agreement with NRNS, the manager of which is the Chairman of the Company's Board of Directors, pursuant to which FlexShopper, LLC issued a subordinated promissory note to NRNS (the "February Note") in the principal amount of $2,000,000. The Company paid a commitment fee of 2% to the lender totaling $40,000. Payment of principal and accrued interest under the February Note is due and payable by FlexShopper, LLC on June 30, 2021 and FlexShopper, LLC can prepay principal and interest at any time without penalty. Amounts outstanding under the February Note bear interest at a rate equal to five percent (5.00%) per annum in excess of the non-default rate of interest from time to time in effect under the Credit Agreement, which equaled 18.39% at June 30, 2019. Obligations under the February Note are subordinated to obligations under the Credit Agreement. The February Note is subject to customary representations and warranties and events of default. If an event of default occurs and is continuing, FlexShopper, LLC may be required to repay all amounts outstanding under the February Note. Obligations under the February Note are secured by essentially all of FlexShopper, LLC's assets, subject to rights of the lenders under the Credit Agreement. As of June 30, 2019, $2,031,965 of principal and accrued and unpaid interest was outstanding on the February Note.

Loan Payable Under Credit Agreement

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

LOAN PAYABLE UNDER CREDIT AGREEMENT

7. LOAN PAYABLE UNDER CREDIT AGREEMENT

On March 6, 2015, FlexShopper, through a wholly-owned subsidiary (the “Borrower”), entered into a credit agreement (as amended from time-to-time and including the Fee Letter (as defined therein), the “Credit Agreement”) with Wells Fargo Bank, National Association as paying agent, various lenders from time to time party thereto and WE 2014-1, LLC, an affiliate of Waterfall Asset Management, LLC, as administrative agent and lender (the “Lender”). The Borrower is permitted to borrow funds under the Credit Agreement based on FlexShopper’s cash on hand and the Amortized Order Value of its Eligible Leases (as such terms are defined in the Credit Agreement) less certain deductions described in the Credit Agreement. Under the terms of the Credit Agreement, subject to the satisfaction of certain conditions, the Borrower may borrow up to $32,500,000 from the Lender until the Commitment Termination Date and must repay all borrowed amounts one year thereafter, on the date that is 12 months following the Commitment Termination Date (unless such amounts become due or payable on an earlier date pursuant to the terms of the Credit Agreement). On April 1, 2019, the Commitment Termination Date was extended to February 28, 2021. The Lender was granted a security interest in certain leases as collateral under the Credit Agreement. At June 30, 2019, amounts borrowed bear interest at 13.39%.

The Credit Agreement provides that FlexShopper may not incur additional indebtedness (other than expressly permitted indebtedness) without the permission of the Lender and also prohibits dividends on common stock. Additionally, the Credit Agreement includes covenants requiring FlexShopper to maintain a minimum amount of Equity Book Value, maintain a minimum amount of Unrestricted Cash (including a reserve upon which the Lender may draw to satisfy unpaid amounts under the Credit Agreement) and maintain a certain ratio of Consolidated Total Debt to Equity Book Value (each capitalized term, as defined in the Credit Agreement). Upon a Permitted Change of Control (as defined in the Credit Agreement), FlexShopper must refinance the debt under the Credit Agreement, subject to the payment of an early termination fee. A summary of the covenant requirements, and FlexShopper’s actual results at June 30, 2019, follows:

	June 30, 2019
	Required Covenant		Actual Position

Equity Book Value not less than	$	8,000,000	$	9,081,391
Unrestricted Cash greater than		1,500,000		2,791,829
Consolidated Total Debt to Equity Book Value ratio not to exceed		4.75		2.81

The Credit Agreement includes customary events of default, including, among others, failures to make payment of principal and interest, breaches or defaults under the terms of the Credit Agreement and related agreements entered into with the Lender, breaches of representations, warranties or certifications made by or on behalf of FlexShopper in the Credit Agreement and related documents (including certain financial and expense covenants), deficiencies in the borrowing base, certain judgments against FlexShopper and bankruptcy events.

Availability under the Credit Agreement is subject to a borrowing base which is redetermined from time to time and based on specific advance rates on eligible current assets. Interest expense incurred under the Credit Agreement amounted to $735,619 and $1,689,529 for the three and six months ended June 30, 2019, respectively, and $716,272 and $1,414,224 for the three and six months ended June 30, 2018, respectively. As of June 30, 2019, the outstanding balance under the Credit Agreement was $20,707,641. Such amount is presented in the consolidated balance sheet net of unamortized issuance costs of $226,963. The Company borrowed $117,015 and subsequently repaid $2,590,000 in the second quarter of 2019 as a result of the pay down of the seasonal advance. Interest is payable monthly on the outstanding balance of the amounts borrowed. No principal is expected to be repaid in the next twelve months due to the Commitment Termination Date having been extended to February 28, 2021, or from reductions in the borrowing base. Accordingly, all principal is shown as a non-current liability at June 30, 2019.

Capital Structure

6 Months Ended

Jun. 30, 2019

Stockholders' Equity Note [Abstract]

CAPITAL STRUCTURE

8. CAPITAL STRUCTURE

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

Preferred Stock

The Company is authorized to issue 500,000 shares of preferred stock, par value $0.001 per share. Of this amount, 250,000 shares have been designated as Series 1 Convertible Preferred Stock and 25,000 shares have been designated as Series 2 Convertible Preferred Stock. The Company's Board of Directors has the right to determine the rights and preferences of any future designation of the Company's preferred stock, subject to the terms of the Series 1 and Series 2 Convertible Preferred Stock.

●

Series 1 Convertible Preferred Stock - Series 1 Convertible Preferred Stock ranks senior to common stock.

As of June 30, 2019, each share of Series 1 Convertible Preferred Stock was convertible into 1.26547 shares of the Company's common stock, subject to certain anti-dilution rights. The holders of the Series 1 Convertible Preferred Stock have the option to convert the shares to common stock at any time. Upon conversion, all accumulated and unpaid dividends, if any, will be paid as additional shares of common stock. The holders of Series 1 Convertible Preferred Stock have the same dividend rights as holders of common stock, as if the Series 1 Convertible Preferred Stock had been converted to common stock.

68,214 shares of Series 1 Convertible Preferred Stock were converted into 86,323 shares of common stock during the six months ended June 30, 2019. As of June 30, 2019, there were 171,191 shares of Series 1 Convertible Preferred Stock outstanding, which are convertible into 216,637 shares of common stock.

●

Series 2 Convertible Preferred Stock - The Company sold to B2 FIE V LLC (the "Investor"), an entity affiliated with Pacific Investment Management Company LLC, providing 20,000 shares of Series 2 Convertible Preferred Stock ("Series 2 Preferred Stock") for gross proceeds of $20.0 million. The Company sold an additional 1,952 shares of Series 2 Preferred Stock to a different investor for gross proceeds of $1.95 million at a subsequent closing.

Shares of Series 2 Preferred Stock were sold for $1,000 per share (the "Stated Value") and accrue dividends on the Stated Value at an annual rate of 10% compounded annually. Cumulative accrued dividends as of June 30, 2019 totaled approximately $7,173,651. As of June 30, 2019, each share of Series 2 Preferred Stock was convertible into approximately 257 shares of common stock; provided the conversion rate is subject to further increase pursuant to a weighted average anti-dilution provision. The holders of the Series 2 Preferred Stock have the option to convert such shares into shares of common stock and have the right to vote with holders of common stock on an as-converted basis. If the average closing price during any 45-day consecutive trading day period or change of control transaction values the common stock at a price equal to or greater than $23.00 per share, then conversion shall be automatic. Upon a Liquidation Event or Deemed Liquidation Event (each as defined), holders of Series 2 Preferred Stock shall be entitled to receive out of the assets of the Company prior to and in preference to the common stock and Series 1 Convertible Preferred Stock an amount equal to the greater of (1) the Stated Value, plus any accrued and unpaid dividends thereon, and (2) the amount per share as would have been payable had all shares of Series 2 Preferred Stock been converted to common stock immediately before the Liquidation Event or Deemed Liquidation Event.

Common Stock

The Company is authorized to issue 40,000,000 shares of common stock, par value $0.0001 per share. Each share of common stock entitles the holder to one vote at all stockholder meetings. The common stock is traded on the Nasdaq Capital Market under the symbol "FPAY."

Warrants

In September 2018, the Company issued warrants exercisable for 5,750,000 shares of common stock at an exercise price of $1.25 per share. The warrants are immediately exercisable and expire five years from the date of issuance. The warrants are listed on the Nasdaq Capital Market under the symbol "FPAYW."

The Company also issued additional warrants exercisable for an aggregate 1,055,184 shares of common stock at an exercise price of $1.25 per warrant to Mr. Heiser and NRNS in connection with partial conversions of their promissory notes (see Note 6). The warrants are exercisable at $1.25 per share of common stock and expire on September 28, 2023.

In connection with the issuance of Series 2 Convertible Preferred Stock in June 2016, the Company issued to the placement agent in such offering warrants exercisable for 439 shares of Series 2 Convertible Preferred Stock at an initial exercise price of $1,250 per share, which expire seven years after the date of issuance.

As part of a consulting agreement with XLR8 Capital Partners LLC (the "Consultant"), an entity of which the Company's Chairman is manager, the Company agreed to issue 40,000 warrants to the Consultant monthly for 12 months beginning on March 1, 2019 at an exercise price of $1.25 per share. The warrants are immediately exercisable and expire following the close of business on June 30, 2023. As of June 30, 2019, the Company recorded an expense of $43,200 based on a weighted average valuation of $0.27 per warrant as determined by the fair market value of the Company's warrants that are actively traded and listed on the Nasdaq Capital Market under the symbol "FPAYW".

Grant	Warrants		Expense		Valuation
Date	Granted		Recorded		Per Warrant
March 31, 2019		40,000	$	11,200	$	0.28
April 30, 2019		40,000	$	10,000	$	0.25
May 31, 2019		40,000	$	10,000	$	0.25
June 30, 2019		40,000	$	12,000	$	0.30

		160,000	$	43,200	$	0.27

The following table summarizes information about outstanding stock warrants as of June 30, 2019, all of which are exercisable:

		Common		Series 2 Preferred		Weighted Average
Exercise		Stock Warrants		Stock Warrants		Remaining
Price		Outstanding		Outstanding		Contractual Life

$	10.00		200,001			1 years
$	5.50		177,304			2 years
$	1.25		6,965,184			4 years
$	1,250		-		439	4 years
			7,342,489		439

Stock Options

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

STOCK OPTIONS

9. STOCK OPTIONS

On April 26, 2018 at the Company's annual meeting, the Company's stockholders approved the FlexShopper, Inc. 2018 Omnibus Equity Compensation Plan (the "2018 Plan"). Upon the 2018 Plan's approval, approximately 1,057,000 shares of Company common stock were available for issuance thereunder, consisting of 750,000 shares authorized for issuance under the 2018 Plan and an aggregate 307,000 shares then remaining available for issuance under the Company's 2007 Omnibus Equity Compensation Plan (the "2007 Plan") and 2015 Omnibus Equity Compensation Plan (the "2015 Plan", and together with the 2007 Plan, the "Prior Plans"). The 2018 Plan replaced the Prior Plans. No new awards will be granted under the Prior Plans; however, awards outstanding under the Prior Plans upon approval of the 2018 Plan remain subject to and will be paid under the applicable Prior Plan.

On February 21, 2019, the Company's Board of Directors approved Amendment No. 1 to the 2018 Plan, subject to stockholder approval. On May 2, 2019, the Company's stockholders approved the 2018 Plan Amendment that increased (a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as "incentive stock options" within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares.

Grants under the 2018 Plan and the Prior Plans consist of incentive stock options, non-qualified stock options, stock appreciation rights, stock awards, stock unit awards, dividend equivalents and other stock-based awards. Employees, directors and consultants and other service providers are eligible to participate in the 2018 Plan and the Prior Plans. Options granted under the 2018 Plan and the Prior Plans vest over periods ranging from immediately upon grant to a three-year period and expire ten years from date of grant.

Activity in stock options for the six months ended June 30, 2019 follows:

	Number of options			Weighted average exercise price		Weighted average contractual term (years)		Aggregate intrinsic value
Outstanding at January 1, 2019		620,900		$	3.75
Granted		1,334,851			0.85
Forfeited		(21,600	)		1.35				855
Expired		(25,000	)		6.20
Outstanding at June 30, 2019		1,909,151		$	1.72		9.12	$	379,582
Vested and exercisable at June 30, 2019		742,434		$	2.76		8.34	$	-

The weighted average grant date fair value of options granted during the six-month period ended June 30, 2019 was $0.52 per share. The Company measured the fair value of each option award on the date of grant using the Black-Scholes-Merton (BSM) pricing model with the following assumptions:

Exercise price	$	0.85
Expected life		6.8 years
Expected volatility		63	%
Dividend yield		0	%
Risk-free interest rate		2.40	%

The expected dividend yield is based on the Company's historical dividend yield. The expected volatility is based on the historical volatility of the Company's common stock. The expected life is based on the simplified expected term calculation permitted by the Securities and Exchange Commission (the "SEC"), which defines the expected life as the average of the contractual term of the options and the weighted-average vesting period for all option tranches. The risk-free interest rate is based on the annual yield on the grant date of a zero-coupon U.S. Treasury bond the maturity of which equals the option's expected life.

The value of stock options is recognized as compensation expense by the straight-line method over the vesting period. Compensation expense recorded for options in the consolidated statements of operations was $303,243 and $328,772 for the three and six months ended June 30, 2019, respectively, and $22,779 and $72,481 for the three and six months ended June 30, 2018, respectively. Unrecognized compensation cost related to non-vested options at June 30, 2019 amounted to approximately $548,396, which is expected to be recognized over a weighted average period of 1.14 years.

Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

10. INCOME TAXES

As of December 31, 2018, the Company had federal net operating loss carryforwards of approximately $75,400,000 and state net operating loss carryforwards of approximately $18,600,000 available to offset future taxable income which expire from 2024 to 2037. Losses incurred after January 1, 2018 do not expire.

Management believes that the federal and state deferred tax asset as of December 31, 2018 does not satisfy the realization criteria and has recorded a full valuation allowance to offset the tax asset.

Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

On July 2, 2019, the Company received notification with regard to the Company regaining compliance with The Nasdaq Stock Market listing requirements relating to satisfying the minimum $1.00 bid price.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation - The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of intercompany balances and transactions.

Estimates

Estimates - The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Revenue Recognition - Merchandise is leased to customers pursuant to lease purchase agreements which provide for 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, an early purchase option, or through payments of all required lease payments, generally 52 weeks, for ownership. On any current lease, customers have the option to cancel the agreement in accordance with lease terms and return the merchandise. Accordingly, customer agreements are accounted for as operating leases with lease revenues 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 for lease payments received prior to their due date is deferred and recognized as revenue in the period to which the payments relate. Revenues from leases and sales are reported net of sales taxes.

Accounts Receivable and Allowance for Doubtful Accounts

	June 30, 2019			December 31, 2018

Accounts receivable	$	17,049,965		$	10,130,269
Allowance for doubtful accounts		(10,152,544	)		(3,754,306	)
Accounts receivable, net	$	6,897,421		$	6,375,963

	June 30, 2019			December 31, 2018
Beginning balance	$	3,754,306		$	2,139,765
Provision for write-offs		15,774,640			23,239,189
Accounts written off		(9,376,402	)		(21,624,648	)
Ending balance	$	10,152,544		$	3,754,306

Lease Merchandise

The net leased merchandise balances consisted of the following as of June 30, 2019 and December 31, 2018:

	June 30, 2019			December 31, 2018
Lease merchandise at cost	$	45,325,064		$	48,893,012
Accumulated depreciation		(18,353,830	)		(14,338,295	)
Impairment reserve		(2,546,067	)		(2,190,020	)
Lease merchandise, net	$	24,425,167		$	32,364,697

Lease merchandise at cost represents the undepreciated cost of rental merchandise at the time of purchase.

Deferred Debt Issuance Costs

Intangible Assets

Software Costs

Operating Expenses

Operating Expenses - Operating expenses include corporate overhead expenses such as salaries, stock-based compensation, insurance, occupancy, and other administrative expenses.

Marketing Costs

Per Share Data

	Six Months ended
	June 30,
	2019		2018
Series 1 Convertible Preferred Stock		216,637		145,197
Series 2 Convertible Preferred Stock		5,639,745		2,710,124
Series 2 Convertible Preferred Stock issuable upon exercise of warrants		112,785		54,217
Common Stock Options		1,909,151		426,400
Common Stock Warrants		7,342,489		377,303
		15,220,807		3,713,241

Stock-Based Compensation

Fair Value of Financial Instruments

Income Taxes

Interest and penalties related to liabilities for uncertain tax positions will be charged to interest and operating expenses, respectively.

Recent Accounting Pronouncements

Recent Accounting Pronouncements - In February 2016, the FASB issued ASU No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Under ASU 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee's obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee's right to use or control the use of a specified asset for the lease term. The Company has determined that the new standard will not materially impact the timing of revenue recognition. The new standard resulted in the Company classifying bad debt expense incurred as a reduction of lease revenue and fees within the consolidated statements of earnings including retrospective presentation of prior year financial information. As a result of the change in presentation, the breakout of lease revenues and fees, net of lessor bad debt expense, that ties the consolidated statements of operations is shown below:

	Six Months ended
	June 30,
	2019		2018
Lease revenues and fees	$	57,460,765	$	37,925,373
Provision for doubtful accounts		15,774,830		10,658,805
Lease revenues and fees, net of lessor bad debt expense	$	41,685,935	$	27,266,568

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of accounts receivable

	June 30, 2019			December 31, 2018

Accounts receivable	$	17,049,965		$	10,130,269
Allowance for doubtful accounts		(10,152,544	)		(3,754,306	)
Accounts receivable, net	$	6,897,421		$	6,375,963

Schedule of allowance for doubtful accounts

	June 30, 2019			December 31, 2018
Beginning balance	$	3,754,306		$	2,139,765
Provision for write-offs		15,774,640			23,239,189
Accounts written off		(9,376,402	)		(21,624,648	)
Ending balance	$	10,152,544		$	3,754,306

Schedule of net leased merchandise

	June 30, 2019			December 31, 2018
Lease merchandise at cost	$	45,325,064		$	48,893,012
Accumulated depreciation		(18,353,830	)		(14,338,295	)
Impairment reserve		(2,546,067	)		(2,190,020	)
Lease merchandise, net	$	24,425,167		$	32,364,697

Schedule of anti-dilutive securities excluded from computation of earnings per share

	Six Months ended
	June 30,
	2019		2018
Series 1 Convertible Preferred Stock		216,637		145,197
Series 2 Convertible Preferred Stock		5,639,745		2,710,124
Series 2 Convertible Preferred Stock issuable upon exercise of warrants		112,785		54,217
Common Stock Options		1,909,151		426,400
Common Stock Warrants		7,342,489		377,303
		15,220,807		3,713,241

Schedule of lease revenues and fees

	Six Months ended
	June 30,
	2019		2018
Lease revenues and fees	$	57,460,765	$	37,925,373
Provision for doubtful accounts		15,774,830		10,658,805
Lease revenues and fees, net of lessor bad debt expense	$	41,685,935	$	27,266,568

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Notes To Financial Statements [Abstract]

Schedule of balance sheet information related to leases

	Balance Sheet Classification	June 30, 2019
Assets
Operating Lease Asset	Property and Equipment, net	$	1,941,203
Total Lease Assets		$	1,941,203

Liabilities
Operating Lease Liability	Current Operating Lease Liabilities	$	224,998
Operating Lease Liability	Long Term Operating Lease Liabilities		1,734,564
Total Lease Liabilities		$	1,959,562

Schedule of weighted-average discount rate and weighted-average remaining lease term

		Weighted Average Discount Rate				Weighted Average Remaining Lease Term (in years)
Operating Leases			13.50	%			9

Schedule of supplemental cash flow information

	Six months ended June 30, 2019
Cash payments for operating leases	$	133,200
New operating lease asset obtained in exchange for operating lease liabilities	$	1,869,287

Schedule of undiscounted operating lease liabilities

	Operating Leases
2019	$	31,464
2020		303,681
2021		416,998
2022		407,450
2023		419,674
2024 and thereafter		2,048,092
Total undiscounted cash flows		3,627,359
Less: interest		(1,667,797	)
Present value of lease liabilities	$	1,959,562

Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	Estimated Useful Lives	June 30, 2019			December 31, 2018
Furniture, fixtures and vehicle	2-5 years	$	93,893		$	155,165
Website and internal use software	3 years		9,056,840			8,098,483
Computers and software	3-7 years		544,411			704,407
			9,695,144			8,958,055
Less: accumulated depreciation and amortization			(6,370,128	)		(5,621,391	)
Right of use assets, net			1,941,203			-
		$	5,266,219		$	3,336,664

Loan Payable Under Credit Agreement (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of covenant requirements, and FlexShopper's actual results

	June 30, 2019
	Required Covenant		Actual Position

Equity Book Value not less than	$	8,000,000	$	9,081,391
Unrestricted Cash greater than		1,500,000		2,791,829
Consolidated Total Debt to Equity Book Value ratio not to exceed		4.75		2.81

Capital Structure (Tables)

6 Months Ended

Jun. 30, 2019

Capital Structure

Schedule of Warrants

Grant	Warrants		Expense		Valuation
Date	Granted		Recorded		Per Warrant
March 31, 2019		40,000	$	11,200	$	0.28
April 30, 2019		40,000	$	10,000	$	0.25
May 31, 2019		40,000	$	10,000	$	0.25
June 30, 2019		40,000	$	12,000	$	0.30

		160,000	$	43,200	$	0.27

Schedule of outstanding stock warrants

		Common		Series 2 Preferred		Weighted Average
Exercise		Stock Warrants		Stock Warrants		Remaining
Price		Outstanding		Outstanding		Contractual Life

$	10.00		200,001			1 years
$	5.50		177,304			2 years
$	1.25		6,965,184			4 years
$	1,250		-		439	4 years
			7,342,489		439

Stock Options (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of information about stock options

	Number of options			Weighted average exercise price		Weighted average contractual term (years)		Aggregate intrinsic value
Outstanding at January 1, 2019		620,900		$	3.75
Granted		1,334,851			0.85
Forfeited		(21,600	)		1.35				855
Expired		(25,000	)		6.20
Outstanding at June 30, 2019		1,909,151		$	1.72		9.12	$	379,582
Vested and exercisable at June 30, 2019		742,434		$	2.76		8.34	$	-

Schedule of option input into a Black Scholes option pricing model

Exercise price	$	0.85
Expected life		6.8 years
Expected volatility		63	%
Dividend yield		0	%
Risk-free interest rate		2.40	%

Business (Details)	6 Months Ended
Business (Details)	Jun. 30, 2019
Business (Textual)
Limited liability percentage of FlexShopper, LLC	100.00%

Summary of Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Accounts receivable	$ 17,049,965	$ 10,130,269
Allowance for doubtful accounts	(10,152,544)	(3,754,306)	$ (2,139,765)
Accounts receivable, net	$ 6,897,421	$ 6,375,963

Summary of Significant Accounting Policies (Details 1) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accounting Policies [Abstract]
Beginning balance			$ 3,754,306	$ 2,139,765	$ 2,139,765
Provision for write-offs			15,774,830	10,658,805	23,239,189
Accounts written off	$ (4,346,498)	$ (3,013,914)	(9,376,402)	$ (7,442,190)
Ending balance	$ 10,152,544		$ 10,152,544		$ 3,754,306

Summary of Significant Accounting Policies (Details 2) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Lease merchandise at cost	$ 45,325,064	$ 48,893,012
Accumulated depreciation	(18,353,830)	(14,338,295)
Impairment reserve	(2,546,067)	(2,190,020)
Lease merchandise, net	$ 24,425,167	$ 32,364,697

Summary of Significant Accounting Policies (Details 3) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	15,220,807	3,713,241
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	216,637
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	7,342,489	377,303
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	1,909,151	426,400
Convertible Series Two Preferred Stock Upon Exercise Of Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	112,785	54,217
Convertible Series Two Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	5,639,745	2,710,124
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share		145,197

Summary of Significant Accounting Policies (Details 4) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounting Policies [Abstract]
Lease revenues and fees			$ 57,460,765	$ 37,925,373
Provision for doubtful accounts			15,774,830	10,658,805
Lease revenues and fees, net of lessor bad debt expense	$ 19,901,156	$ 13,104,990	$ 41,685,935	$ 27,266,568

Summary of Significant Accounting Policies (Details Textual) - USD ($)			1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 30, 2018	Jan. 29, 2018	Feb. 19, 2019	Jan. 25, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Summary of Significant Accounting Policies (Textual)
Amortization method							Straight-line method
Accounts receivable charged off against allowance					$ 4,346,498	$ 3,013,914	$ 9,376,402	$ 7,442,190
Amortization					8,138	21,000	13,563	35,000
Capitalized software costs					513,645	709,561	$ 1,060,689	1,007,387
Revenue recognition, description							Through a 90-day same as cash option, an early purchase option, or through payments of all required lease payments, generally 52 weeks, for ownership.
Debt issuance costs	$ 35,000	$ 35,000	$ 60,000	$ 60,000
Interest expense					50,431	$ 139,903	$ 105,271	$ 258,307
Intangible assets, terms							10 years
Capitalized development costs					$ 102,332

Leases (Details)	Jun. 30, 2019 USD ($)
Assets
Operating Lease Asset	$ 1,941,203
Total Lease Assets	1,941,203
Liabilities
Operating Lease Liability	224,998
Operating Lease Liability	1,734,564
Total Lease Liabilities	$ 1,959,562

Leases (Details 1) - Operating Leases [Member]	Jun. 30, 2019
Weighted Average Discount Rate	13.50%
Weighted Average Remaining Lease Term (in years)	9 years

Leases (Details 2)	6 Months Ended
Leases (Details 2)	Jun. 30, 2019 USD ($)
Leases
Cash payments for operating leases	$ 133,200
New operating lease asset obtained in exchange for operating lease liabilities	$ 1,869,287

Leases (Details 3) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Present value of lease liabilities		$ 191,001
Operating Leases [Member]
2019	$ 31,464
2020	303,681
2021	416,998
2022	407,450
2023	419,674
2024 and thereafter	2,048,092
Total undiscounted cash flows	3,627,359
Less: interest	1,667,797
Present value of lease liabilities	$ 1,959,562

Leases (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
Leases (Details Textual) - USD ($)	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Leases (Textual)
Operating leases expiration, description		Operating leases expiring at various times through 2028.
Lease description		The Company will pay a base monthly rent of $31,532 with payments increasing by 3% on each yearly anniversary of the commencement date. The initial lease term is for 9 years with the Company having a one-time option to extend for 5 years.
Operating lease costs	$ 101,668	$ 166,459
Operating lease liability			$ 191,001
Operating lease assets			$ 191,001
Direct costs associated with operating lease capitalized		$ 14,900

Property and Equipment (Details) - USD ($)	6 Months Ended
Property and Equipment (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,695,144	$ 8,958,055
Less: accumulated depreciation and amortization	(6,370,128)	(5,621,391)
Right of use assets, net	1,941,203
Property and equipment, net	5,266,219	3,336,664
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	93,893	155,165
Computers and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	544,411	704,407
Website And Internal Use Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,056,840	$ 8,098,483
Estimated Useful Lives	3 years
Minimum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Minimum [Member] \| Computers and Software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Maximum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Maximum [Member] \| Computers and Software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
Property and Equipment (Details Textual) - USD ($)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property and Equipment (Textual)
Depreciation and amortization expense	$ 592,836	$ 461,761	$ 1,116,770	$ 896,666

Promissory Notes (Details) - USD ($)	1 Months Ended				6 Months Ended
Promissory Notes (Details) - USD ($)	Feb. 19, 2019	Jan. 25, 2019	Sep. 30, 2018	Jan. 30, 2018	Jun. 30, 2019
Promissory Notes (Textual)
Description of credit facility				Upon 30 days' prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty.
Interest rate				5.00%
Issuance of warrants					7,342,489
Description of notes				The Company paid down the entire principal and interest balance on June 28, 2019 in the amount of $507,339. NRNS amended and restated the NRNS Note such that the maturity date of the revised Note was set at June 30, 2021. In addition, the Company drew $500,000 on the Note held by NRNS on June 28, 2019. As of June 30, 2019, $1,769,030 of principal and accrued and unpaid interest was outstanding on NRNS's Note.
Chief Financial Officer [Member]
Promissory Notes (Textual)
Description of credit facility		Payment of principal and accrued interest under the January Note is due and payable by FlexShopper, LLC on April 30, 2020 and FlexShopper, LLC can prepay principal and interest at any time without penalty.
Interest rate		5.00%
Description of notes		As of June 30, 2019, $1,015,451 of principal and accrued and unpaid interest was outstanding on the January Note
Principal amount		$ 1,000,000
Commitment fee percentage		2.00%
Lender total value		$ 20,000
Nrns [Member]
Promissory Notes (Textual)
Commitment letters aggregate amounts				$ 2,500,000
Description of credit facility	Payment of principal and accrued interest under the February Note is due and payable by FlexShopper, LLC on June 30, 2021 and FlexShopper, LLC can prepay principal and interest at any time without penalty.
Interest rate	5.00%
Issuance of notes, description					FlexShopper, LLC drew $500,000 and a subsequent $500,000 on February 20, 2018 on the Note held by Mr. Heiser and $2,500,000 on the Note held by NRNS.
Issuance of common stock			1,507,395
Issuance of warrants			753,697
Description of notes	As of June 30, 2019, $2,031,965 of principal and accrued and unpaid interest was outstanding on the February Note.
Principal amount	$ 2,000,000
Commitment fee percentage	2.00%
Lender total value	$ 40,000
Heiser [Member]
Promissory Notes (Textual)
Commitment letters aggregate amounts				$ 1,000,000
Issuance of common stock			602,974
Issuance of warrants			301,487

Loan Payable Under Credit Agreement (Details)	Jun. 30, 2019 USD ($)
Required Covenant [Member]
Short-term Debt [Line Items]
Equity Book Value not less than	$ 8,000,000
Unrestricted Cash greater than	$ 1,500,000
Consolidated Total Debt to Equity Book Value ratio not to exceed	4.75
Actual Position [Member]
Short-term Debt [Line Items]
Equity Book Value not less than	$ 9,081,391
Unrestricted Cash greater than	$ 2,791,829
Consolidated Total Debt to Equity Book Value ratio not to exceed	2.81

Loan Payable Under Credit Agreement (Details Textual) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 02, 2019	Jan. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Loan Payable Under Credit Agreement (Textual)
Borrowed from lender			$ 117,015		$ 117,015
Interest expense			1,021,984	$ 1,045,338	2,203,977	$ 1,979,005
Description of credit facility		Upon 30 days' prior written notice from the applicable noteholder and the Company can prepay principal and interest at any time without penalty.
Interest rate		5.00%
Unamortized issuance costs			90,486		90,486		$ 164,752
Credit Agreement [Member]
Loan Payable Under Credit Agreement (Textual)
Borrowed from lender			32,500,000		32,500,000
Interest expense			$ 735,619	$ 716,272	$ 1,689,529	$ 1,414,224
Description of credit facility	The Commitment Termination Date was extended to February 28, 2021.
Interest rate			13.39%		13.39%
Outstanding balance Credit Agreement					$ 20,707,641
Unamortized issuance costs			$ 226,963		226,963
Repayment of loan payable under credit agreement					$ 2,590,000

Capital Structure (Details)	6 Months Ended
Capital Structure (Details)	Jun. 30, 2019 USD ($) $ / shares shares
Class of Warrant or Right [Line Items]
Valuation Per Warrant	$ 1.25
Warrant [Member]
Class of Warrant or Right [Line Items]
Warrants Granted \| shares	160,000
Expense Recorded \| $	$ 43,200
Valuation Per Warrant	$ 0.27
March 31, 2019 [Member] \| Warrant [Member]
Class of Warrant or Right [Line Items]
Grant Date	Mar. 31, 2019
Warrants Granted \| shares	40,000
Expense Recorded \| $	$ 11,200
Valuation Per Warrant	$ 0.28
April 30, 2019 [Member] \| Warrant [Member]
Class of Warrant or Right [Line Items]
Grant Date	Apr. 30, 2019
Warrants Granted \| shares	40,000
Expense Recorded \| $	$ 10,000
Valuation Per Warrant	$ 0.25
May 31, 2019 [Member] \| Warrant [Member]
Class of Warrant or Right [Line Items]
Grant Date	May 31, 2019
Warrants Granted \| shares	40,000
Expense Recorded \| $	$ 10,000
Valuation Per Warrant	$ 0.25
June 30, 2019 [Member] \| Warrant [Member]
Class of Warrant or Right [Line Items]
Grant Date	Jun. 30, 2019
Warrants Granted \| shares	40,000
Expense Recorded \| $	$ 12,000
Valuation Per Warrant	$ 0.30

Capital Structure (Details 1)	6 Months Ended
Capital Structure (Details 1)	Jun. 30, 2019 $ / shares shares
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 1.25
Stock Warrants Outstanding	7,342,489
Warrant [Member]
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 0.27
Series 2 Preferred Stock Warrants Outstanding	439
Warrant [Member] \| 5.50 [Member]
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 5.50
Stock Warrants Outstanding	177,304
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life	2 years
Warrant [Member] \| 1,250 [Member]
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 1,250
Stock Warrants Outstanding
Series 2 Preferred Stock Warrants Outstanding	439
Weighted Average Remaining Contractual Life	4 years
Warrant [Member] \| 1.25 [Member]
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 1.25
Stock Warrants Outstanding	6,965,184
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life	4 years
Warrant [Member] \| 10.00 [Member]
Class of Warrant or Right [Line Items]
Exercise Price \| $ / shares	$ 10.00
Stock Warrants Outstanding	200,001
Series 2 Preferred Stock Warrants Outstanding
Weighted Average Remaining Contractual Life	1 year

Capital Structure (Details Textual) - USD ($)	1 Months Ended		6 Months Ended
Capital Structure (Details Textual) - USD ($)	Sep. 30, 2018	Jun. 30, 2016	Jun. 30, 2019	Dec. 31, 2018
Capital Structure (Textual)
Common stock, shares authorized (in shares)			40,000,000	40,000,000
Common stock, par value			$ 0.0001	$ 0.0001
Exercise price of warrants			$ 1.25
Common stock warrants outstanding			7,342,489
Warrants exercisable for shares of common stock	5,750,000
Warrant exercise price	$ 1.25
Convertible Preferred Stock
Capital Structure (Textual)
Conversion of preferred stock to common stock, shares			(68,214)
Common Stock [Member]
Capital Structure (Textual)
Common stock, shares authorized (in shares)			40,000,000
Common stock, par value			$ 0.0001
Common stock voting rights, description			Each share of common stock entitles the holder to one vote at all stockholder meetings.
Conversion of preferred stock to common stock, shares			86,323
Preferred Stock [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)			$ 0.001
Preferred stock, shares authorized (in shares)			500,000
Convertible Preferred Stock Series Two [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)			$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)			25,000	25,000
Proceeds from sale of stock			$ 20,000,000
Convertible preferred stock, shares issued upon conversion			20,000
Convertible preferred stock, stated value			$ 1,000	$ 1,000
Gross proceeds			$ 1,950,000
Additional sale of shares			1,952
Cumulative accrued dividends			$ 7,173,651
Description of warrants expiration		Initial exercise price of $1,250 per share, which expire seven years after the date of issuance.
Convertible Preferred Stock Series Two [Member] \| Preferred Stock [Member]
Capital Structure (Textual)
Preferred stock, shares authorized (in shares)			25,000
Series 2 Convertible Preferred Stock [Member]
Capital Structure (Textual)
Conversion of preferred stock to common stock, shares			257
Series One Convertible Preferred Stock [Member]
Capital Structure (Textual)
Convertible preferred stock, terms of conversion, description			68,214 shares of Series 1 Convertible Preferred Stock were converted into 86,323 shares of common stock during the six months ended June 30, 2019. As of June 30, 2019, there were 171,191 shares of Series 1 Convertible Preferred Stock outstanding, which are convertible into 216,637 shares of common stock.
Series One Convertible Preferred Stock [Member] \| Preferred Stock [Member]
Capital Structure (Textual)
Preferred stock, shares authorized (in shares)			250,000
Convertible, conversion price per share			$ 1.26547
Convertible Preferred Stock One [Member]
Capital Structure (Textual)
Conversion of preferred stock to common stock, shares
Convertible Preferred Stock Series One [Member]
Capital Structure (Textual)
Preferred stock, par value (in dollars per share)			$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)			250,000	250,000
Convertible preferred stock, stated value			$ 5	$ 5
Warrant [Member]
Capital Structure (Textual)
Conversion of preferred stock to common stock, shares			439
Exercise price of warrants			$ 0.27
Series 2 preferred stock warrants outstanding			439
Warrants exercisable for shares of common stock	5,750,000		1,055,184
Description of warrants expiration			The warrants are exercisable at $1.25 per share of common stock and expire on September 28, 2023.
Warrant exercise price	$ 1.25		$ 1.25
Warrant [Member] \| Consultant [Member]
Capital Structure (Textual)
Description of warrants expiration			The warrants are immediately exercisable and expire following the close of business on June 30, 2023.
Warrant exercise price			$ 1.25
Valuation Expenses			$ 43,200

Stock Options (Details) - Employee Stock Option [Member]	6 Months Ended
	Jun. 30, 2019 USD ($) $ / shares shares
Number of options
Outstanding Balance \| shares	620,900
Granted \| shares	1,334,851
Forfeited \| shares	(21,600)
Expired \| shares	(25,000)
Outstanding Balance \| shares	1,909,151
Vested and exercisable \| shares	742,434
Weighted average exercise price
Outstanding Balance \| $ / shares	$ 3.75
Granted \| $ / shares	0.85
Forfeited \| $ / shares	1.35
Expired \| $ / shares	6.20
Outstanding Balance \| $ / shares	1.72
Vested and exercisable \| $ / shares	$ 2.76
Weighted average contractual term (years)
Outstanding at June 30, 2019	9 years 1 month 13 days
Vested and exercisable	8 years 4 months 2 days
Aggregate intrinsic value
Forfeited \| $	$ 855
Outstanding at June 30, 2019 \| $	379,582
Vested and exercisable at June 30, 2019 \| $

Stock Options (Details 1) - Employee Stock Option [Member]	6 Months Ended
	Jun. 30, 2019 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	$ 0.85
Expected life	6 years 9 months 18 days
Expected volatility	63.00%
Dividend yield	0.00%
Risk-free interest rate	2.40%

Stock Options (Details Textual) - USD ($)		3 Months Ended		6 Months Ended
Stock Options (Details Textual) - USD ($)	May 02, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Apr. 26, 2018
Stock Options (Textual)
Weighted average grant date fair value of options granted				$ 0.52
Unrecognized compensation cost related to non-vested options				$ 548,396
Weighted average period				1 year 1 month 20 days
Compensation expense		$ 303,243	$ 22,779	$ 371,972	$ 72,481
Omnibus Equity Compensation Plan One [Member]
Stock Options (Textual)
Common shares authorized for issuance (in shares)						307,000
Omnibus Equity Compensation Plan [Member]
Stock Options (Textual)
Issuance of shares						1,057,000
Common shares authorized for issuance (in shares)						750,000
Stock Options [Member]
Stock Options (Textual)
Stock options granted period, description	(a) the total number of shares available for issuance under the 2018 Plan by 1,000,000 shares and (b) the number of shares available for issuance as "incentive stock options" within the meaning of Internal Revenue Code Section 422 by 1,000,000 shares.			Options granted under the 2018 Plan and the Prior Plans vest over periods ranging from immediately upon grant to a three-year period and expire ten years from date of grant.

Income Taxes (Details)	12 Months Ended
Income Taxes (Details)	Dec. 31, 2018 USD ($)
Income Taxes (Textual)
Operating loss carryforwards expiration period, description	Offset future taxable income which expire from 2024 to 2037. Losses incurred after January 1, 2018 do not expire.
State and Local Jurisdiction [Member]
Income Taxes (Textual)
Net operating loss carryforwards	$ 18,600,000
Domestic Tax Authority [Member]
Income Taxes (Textual)
Net operating loss carryforwards	$ 75,400,000

Subsequent Events (Details)	Jul. 02, 2019
Subsequent Event [Member]
Subsequent Events (Textual)
Subsequent description	The Company received notification with regard to the Company regaining compliance with The Nasdaq Stock Market listing requirements relating to satisfying the minimum $1.00 bid price.