Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Interest income, financing receivables $ 37,404 $ 23,178 $ 15,468
Interest income, investments 1,493 3,772 1,897
Rental income 9,107 3,175  
Gain on sale of receivables and investments 9,224 13,250 5,597
Fee income 1,451 1,900 1,483
Total Revenue 58,679 45,275 24,445
Investment interest expense (26,385) (16,655) (9,815)
Provision for credit losses     (11,000)
Total Revenue, net of investment interest expense and provision 32,294 28,620 3,630
Compensation and benefits (16,788) (10,518) (12,312)
General and administrative (6,462) (5,550) (3,844)
Acquisition costs   (2,456)  
Other, net (794) (300) (359)
(Loss) from equity method investments in affiliates (98)    
Other Expenses, net (24,142) (18,824) (16,515)
Net income (loss) before income taxes 8,152 9,796 (12,885)
Income tax (expense) benefit (118) (26) 251
Net Income (Loss) 8,034 9,770 (12,634)
Net income (loss) attributable to non-controlling interest holders 76 163 (2,175)
Net Income (Loss) attributable to Controlling Shareholders $ 7,958 $ 9,607 $ (10,459)
Basic earnings per common share $ 0.21 $ 0.43 $ (0.68)
Diluted earnings per common share $ 0.21 $ 0.43 $ (0.68)
Weighted average common shares outstanding-basic 30,761,151 20,656,826 15,716,250
Weighted average common shares outstanding-diluted 30,761,151 20,656,826 15,716,250