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XML - IDEA: XBRL DOCUMENT - WESTERN CAPITAL RESOURCES, INC.R15.htm
XML - IDEA: XBRL DOCUMENT - WESTERN CAPITAL RESOURCES, INC.R42.htm
EXCEL - IDEA: XBRL DOCUMENT - WESTERN CAPITAL RESOURCES, INC.Financial_Report.xls
10-Q - FORM 10-Q - WESTERN CAPITAL RESOURCES, INC.v326070_10q.htm
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EX-31.1 - EXHIBIT 31.1 - WESTERN CAPITAL RESOURCES, INC.v326070_ex31-1.htm
EX-31.2 - EXHIBIT 31.2 - WESTERN CAPITAL RESOURCES, INC.v326070_ex31-2.htm
EX-32.1 - EXHIBIT 32.1 - WESTERN CAPITAL RESOURCES, INC.v326070_ex32-1.htm
v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Payday loan fees $ 2,601,109 $ 2,514,814 $ 7,260,767 $ 7,136,583
Phones and accessories 1,763,282 829,639 6,133,307 3,225,502
Cricket service fees 1,380,660 902,296 4,859,027 2,367,769
Installment interest income 315,943 233,003 760,608 313,765
Check cashing fees 145,487 149,596 487,894 536,741
Other income and fees 105,040 76,518 254,657 204,219
Revenues, Total 6,311,521 4,705,866 19,756,260 13,784,579
STORE EXPENSES        
Salaries and benefits 1,614,820 1,085,630 4,908,008 3,231,238
Phone and accessories cost of sales 1,194,653 534,720 4,125,666 1,925,961
Occupancy 566,214 391,021 1,677,965 1,205,018
Provisions for loan losses 546,080 502,809 1,178,588 956,898
Advertising 82,272 82,146 239,652 247,033
Depreciation 72,779 63,568 212,704 190,592
Amortization of intangible assets 56,385 116,369 172,632 345,017
Other 884,737 577,916 2,408,473 1,699,934
Store Expenses 5,017,940 3,354,179 14,923,688 9,801,691
INCOME FROM STORES 1,293,581 1,351,687 4,832,572 3,982,888
GENERAL & ADMINISTRATIVE EXPENSES        
Salaries and benefits 439,792 432,954 1,396,878 1,284,769
Depreciation 5,616 6,582 16,722 16,290
Interest expense 51,114 58,868 180,501 215,633
Other 246,015 258,079 824,634 772,908
General and Administrative Expense, Total 742,537 756,483 2,418,735 2,289,600
INCOME BEFORE INCOME TAXES 551,044 595,204 2,413,837 1,693,288
INCOME TAX EXPENSE 211,000 234,000 931,000 650,000
NET INCOME 340,044 361,204 1,482,837 1,043,288
SERIES A CONVERTIBLE PREFERRED STOCK DIVIDENDS (assumes all paid) (525,000) (525,000) (1,575,000) (1,575,000)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (184,956) $ (163,796) $ (92,163) $ (531,712)
NET LOSS PER COMMON SHARE        
Basic and diluted (in dollars per share) $ (0.03) $ (0.02) $ (0.02) $ (0.07)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING -        
Basic and diluted (in shares) 5,397,780 7,446,007 5,767,922 7,446,007