Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Sep. 30, 2012
Sep. 30, 2011
Net Investment Revenue:        
Financing receivables $ 2,834 $ 15,468 $ 11,848 $ 11,739
Investments   1,897    
Total investment interest income 2,834 17,365 11,848 11,739
Investment interest expense (2,347) (9,815) (9,852) (9,442)
Net Investment Revenue 487 7,550 1,996 2,297
Provision for credit losses   (11,000)    
Net Investment Revenue, net of provision 487 (3,450) 1,996 2,297
Other Investment Revenue:        
Gain on securitization of receivables 2,534 5,597 3,912 4,025
Fee income 254 1,483 11,380 877
Other Investment Revenue 2,788 7,080 15,292 4,902
Total Revenue, net of investment interest expense and provision 3,275 3,630 17,288 7,199
Compensation and benefits (1,157) (12,312) (7,697) (4,028)
General and administrative (584) (3,844) (3,901) (2,506)
Depreciation and amortization of intangibles (105) (340) (440) (431)
Other interest expense (56) (56) (287) (295)
Other income 1 22 52 61
Unrealized gain on derivative instruments 23 15 73 35
Loss from equity method investment in affiliate (448)    (1,284) (5,047)
Other Expenses, net (2,326) (16,515) (13,484) (12,211)
Net (loss) income before income tax 949 (12,885) 3,804 (5,012)
Income tax benefit   251    
Net (Loss) Income 949 (12,634) 3,804 (5,012)
Net (loss) attributable to non-controlling interest holders    (2,175)      
Net (Loss) attributable to controlling shareholders    $ (10,459)      
Basic earnings per common share    $ (0.68)      
Diluted earnings per common share    $ (0.68)      
Weighted average common shares outstanding-basic    15,716,250      
Weighted average common shares outstanding-diluted    15,716,250