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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 CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net Income $ 1,482,837 $ 1,043,288
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 229,426 206,882
Amortization 172,632 345,017
Deferred income taxes 151,000 147,000
Loss on disposal of property and equipment 0 27,342
Changes in operating assets and liabilities    
Loans receivable 16,202 277,637
Inventory 190,853 32,245
Prepaid expenses and other assets (58,483) (183,210)
Accounts payable and accrued liabilities (385,496) (262,782)
Deferred revenue (43,041) (33,205)
Net cash provided by operating activities 1,755,930 1,600,214
INVESTING ACTIVITIES    
Purchase of property, equipment and intangibles (191,130) (125,414)
Acquisitions, net of cash acquired (455,200) (453,000)
Net cash used by investing activities (646,330) (578,414)
FINANCING ACTIVITIES    
Payments on notes payable - short-term (1,000,000) (1,000,000)
Payments on notes payable - long-term (518,782) (438,648)
Advances from notes payable - long-term 550,000 0
Common stock redemption (307,234) 0
Net cash used by financing activities (1,276,016) (1,438,648)
NET DECREASE IN CASH (166,416) (416,848)
CASH    
Beginning of period 1,909,442 2,092,386
End of period 1,743,026 1,675,538
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Income taxes paid 835,968 830,234
Interest paid $ 190,607 $ 228,256