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CONCENTRATIONS
 3 Months Ended
Mar. 31, 2013
Risks and Uncertainties [Abstract]  
CONCENTRATIONS
11.  CONCENTRATIONS:
 
Revenues – The Company recorded revenues from United States companies in the following industries as follows:
 
   
For the quarters ended March 31,
  
Industry
   2013       2012  
Staffing
   $ 16,697     $  27,670  
Transportation
     161,874        156,279  
Service
     353,862       351,016  
Other
     70,174        7,081  
    $ 602,607     $ 542,496  
 
Major Customers –  For the three months ended March 31, 2013, the Company’s largest customer by revenues was an IT Consulting Company which accounted for approximately 10.0% of its revenues. In May 2013, this customer sold its business and paid all of its obligations to Anchor including a $75,000 early termination fee. For the three months ended March 31, 2012, the Company’s largest customer by revenues was a food service Company which accounted for approximately 10.2% of its revenues.
 
 
Client Accounts - As of March 31, 2013, we have three clients that account for an aggregate of approximately 34.6% of our accounts receivable portfolio and approximately 25.6% of our revenues for the three months ended March 31, 2013.  The transactions and balances with these clients as of and for the three months ended March 31, 2013 are summarized below:
 
   
Percentage of Accounts Receivable
    
Percentage of Revenues for
  
   
Portfolio As of
    
the Three Months Ended
  
Entity
  
March 31, 2013
    
March 31, 2013
  
             
Food Service Company in Missouri (1)
     15.3 %     8.4 %
Paperboard Company in Michigan
     10.2 %     7.2 %
IT Consultant in Maryland
     9.1 %     10.0 %
      34.6 %     25.6 %
(1)  
 Percentage calculation includes $372,149 which is classified as “due from client” for this entity.
 
If these clients’ balances did not collect, the Company’s total potential loss would be $3,309,762; however, the majority of these balances were subsequently collected and the Company deems them all collectible.
 
Cash – The Company places its cash and cash equivalents on deposit 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.  During the three months ended March 31, 2013, the Company from time to time may have had amounts on deposit in excess of the insured limits.