Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net Investment Revenue:        
Investment interest income $ 3,401,085 $ 2,937,585 $ 6,111,909 $ 5,570,711
Investment interest expense (2,069,022) (2,452,853) (4,305,311) (4,593,173)
Net Investment Revenue 1,332,063 484,732 1,806,598 977,538
Other Investment Revenue:        
Gain on securitization of receivables 884,500 535,814 884,500 1,630,871
Fee income 647,778 520,864 928,642 945,693
Other Investment Revenue 1,532,278 1,056,678 1,813,142 2,576,564
Total Revenue, net of investment interest expense 2,864,341 1,541,410 3,619,740 3,554,102
Compensation and benefits (7,291,512) (1,116,266) (8,443,306) (2,492,645)
General and administrative (1,237,407) (907,310) (1,927,096) (1,368,791)
Depreciation and amortization of intangibles (111,354) (108,329) (215,989) (219,737)
Other interest expense (6,858) (67,802) (55,494) (143,223)
Other income 12,901 13,824 14,448 27,981
Unrealized (loss) gain on derivative instruments (4,177) 15,170 14,808 29,965
Loss from equity method investment in affiliate   (1,607,689)   (1,921,412)
Other Expenses, net (8,638,407) (3,778,402) (10,612,629) (6,087,862)
Net Loss before income tax expense (5,774,066) (2,236,992) (6,992,889) (2,533,760)
Income tax expense            
Net Loss (5,774,066) (2,236,992) (6,992,889) (2,533,760)
Net loss attributable to non-controlling interest holders (802,423)   (2,021,246)  
Net loss attributable to controlling shareholders $ (4,971,643)   $ (4,971,643)  
Basic earnings per share $ (0.32)   $ (0.32)  
Diluted earnings per share $ (0.32)   $ (0.32)  
Weighted average shares outstanding-basic 15,439,311   15,439,311  
Weighted average shares outstanding-diluted 15,439,311   15,439,311