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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net Investment Revenue:        
Interest Income, Financing receivables $ 5,229 $ 3,384 $ 9,847 $ 6,095
Interest Income, Investments 1,138 17 2,432 17
Rental Income 410   410  
Investment Revenue 6,777 3,401 12,689 6,112
Investment interest expense (3,684) (2,069) (7,214) (4,305)
Net Investment Revenue 3,093 1,332 5,475 1,807
Provision for credit losses            
Net Investment Revenue, net of provision for credit losses 3,093 1,332 5,475 1,807
Other Investment Revenue:        
Gain on sale of receivables and investments 4,272 884 6,246 884
Fee income 207 648 1,550 929
Other Investment Revenue 4,479 1,532 7,796 1,813
Total Revenue, net of investment interest expense and provision 7,572 2,864 13,271 3,620
Compensation and benefits (2,924) (7,292) (4,537) (8,443)
General and administrative (1,445) (1,237) (2,598) (1,927)
Depreciation and amortization of intangibles (61) (111) (123) (216)
Acquisition costs (1,104)   (1,104)  
Other interest expense   (7)   (56)
Other income 7 9 9 29
Other Expenses, net (5,527) (8,638) (8,353) (10,613)
Net income (loss) before income taxes 2,045 (5,774) 4,918 (6,993)
Income tax benefit 830   770  
Net Income (Loss) 2,875 (5,774) 5,688 (6,993)
Net income (loss) attributable to non-controlling interest holders 47 (802) 107 (2,021)
Net Income (Loss) Attributable to Controlling Shareholders $ 2,828 $ (4,972) $ 5,581 $ (4,972)
Basic earnings per common share $ 0.13 $ (0.32) $ 0.29 $ (0.32)
Diluted earnings per common share $ 0.13 $ (0.32) $ 0.29 $ (0.32)
Weighted average common shares outstanding-basic 19,973,393 15,439,311 17,944,432 15,439,311
Weighted average common shares outstanding-diluted 19,973,393 15,439,311 17,944,432 15,439,311