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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