Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Investment Revenue:    
Financing receivables $ 4,618 $ 2,711
Investments 1,294  
Total investment interest income 5,912 2,711
Investment interest expense (3,530) (2,236)
Net Investment Revenue 2,382 475
Provision for credit losses      
Net Investment Revenue, net of provision for credit losses 2,382 475
Other Investment Revenue:    
Gain on securitization of receivables 1,974  
Fee income 1,343 281
Other Investment Revenue 3,317 281
Total Revenue, net of investment interest expense and provision 5,699 756
Compensation and benefits (1,613) (1,152)
General and administrative (1,153) (690)
Depreciation and amortization of intangibles (62) (105)
Other interest expense   (49)
Other income 2 21
Other Expenses, net (2,826) (1,975)
Net income (loss) before income taxes 2,873 (1,219)
Income tax expense (60)  
Net Income (Loss) 2,813 (1,219)
Net income attributable to non-controlling interest holders 60  
Net Income attributable to controlling shareholders $ 2,753  
Basic earnings per common share $ 0.17  
Diluted earnings per common share $ 0.17  
Weighted average common shares outstanding-basic 15,892,927  
Weighted average common shares outstanding-diluted 16,494,309