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COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
14. COMMITMENTS AND CONTINGENCIES:
 
Lease Commitments
 
The Company has lease agreements for office space in Charlotte, NC, Boca Raton, FL and Medley, Florida.  All lease agreements are with unrelated parties.
 
The Company has two Charlotte leases for adjoining space that expire May 31, 2013 and the company plans to renew for another year.  The monthly rent for the combined space is approximately $2,340.
 
Beginning November 1, 2009, the company entered into a 24 month lease for office space in Boca Raton, FL, and on November 1, 2011 renewed for another two years. The monthly rental is approximately $1,413.
 
Beginning November 12, 2012, the company entered into a six month lease for office space in Medley, FL, with an option to renew for twelve month terms. The monthly rental is $800.
 
The rental expense for the three months ended March 31, 2013 and 2012 was approximately $14,341 and $11,200, respectively.
 
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, the Company 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.