<SEC-DOCUMENT>0001013762-15-000538.txt : 20150928
<SEC-HEADER>0001013762-15-000538.hdr.sgml : 20150928
<ACCEPTANCE-DATETIME>20150518165845
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ACCESSION NUMBER:		0001013762-15-000538
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FlexShopper, Inc.
		CENTRAL INDEX KEY:			0001397047
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				205456087
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2700 N. MILITARY TRAIL SUITE 200
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431
		BUSINESS PHONE:		(561) 367-1504

	MAIL ADDRESS:	
		STREET 1:		2700 N. MILITARY TRAIL SUITE 200
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Funding Services, Inc.
		DATE OF NAME CHANGE:	20070419
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Law Offices</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Morse
&amp; Morse, PLLC</B></FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Attorneys at Law</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1400 Old Country Road, Suite 302</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Westbury, New York 11590</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Tel: (516) 487-1446</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fax: (516) 487-1452</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Email: <FONT STYLE="color: blue">morgold@aol.com</FONT></B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">May 18, 2015</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">US Securities and Exchange Commission</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Washington, DE 20549</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 55pt; text-align: center">Attn:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Jay Ingram, Legal Branch Chief</TD>
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<TD STYLE="width: 55pt; text-align: center">Re:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">FlexShopper, Inc. Registration Statement on Form S-1</TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">Filed January 22, 2015, as amended on
April 17, 2015</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">File No. 333-201644</TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Gentlemen:</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As counsel for the Registrant, the following letter is in
response to your letter of comments dated April 27, 2015. (Note: All numbers refer to your numbering system in your comment letter
and all page numbers refer to page numbers in the Registration Statement).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>We have removed the penny stock risk factor from the Prospectus. See page 11.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>The full names are Jack Ross and Thomas Capasse. We have amended page 39 in response to your comment.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">We have changed 5.8 to 6.33 on page 44 of the Prospectus under &ldquo;Description
of Capital Stock&rdquo; in order to agree with pages 38 and F-7. </FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify">The facts and circumstances that resulted in the fourth quarter adjustment, as disclosed in Note
12 to its December 31, 2014 financial statements, relate to the Company&rsquo;s realization that the internal costs incurred in
connection with developing software to facilitate its lease-to-own business were required to be capitalized under ASC 350-40. This
software meets the definition of internal-use software in 350-40-05-02, in that the software was internally developed to meet the
Company&rsquo;s internal needs to administer the various leases, and no substantive plan exists or is being developed to market
the software externally. The Company came to this realization in part from discussions with its auditors which were newly engaged
as of September 30, 2014 and as well as during a process of documenting its internal controls in December 2014. The internal-use
software complies with the recognition guidance under ASC 350-40-25 as management determined that it required software to administer
the leases and that the Company would develop this software on its own at the beginning of 2014, which was the end of the preliminary
project stage and the beginning of the application development stage and when capitalization began pursuant to ASC 350-40-25-12.
The software was implemented, but running without significant features, by the end of March 2014. Thereafter through the fourth
quarter of 2014, the Company improved this software with numerous upgrades and enhancements that resulted in additional functionality.
Internal costs incurred to develop the upgrades and enhancements were capitalized. The Company has expensed (a) costs incurred
during the preliminary project stage and (b) costs related to maintenance as incurred.</TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD STYLE="text-align: justify">We have filed an Amended Form 8-K/A to the March 6, 2015 Form 8-K to file the attachments to the
credit agreement.</TD></TR></TABLE>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As the financial statements will be going
stale soon, we would appreciate your prompt response to the filing of this letter of correspondence.</P>



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    <TD COLSPAN="2">Very truly yours</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">MORSE &amp; MORSE, PLLC</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%; border-bottom: Black 1pt solid">/s/ Steven Morse, Esq</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Steven Morse, Esq., Managing Member<BR></TD></TR>
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