2017 Q4 Form 10-Q Financial Statement

#000146434317000031 Filed on November 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $36.40M $29.02M $24.09M
YoY Change 29.08% 20.47% 42.77%
Cost Of Revenue $15.00M $8.394M $7.027M
YoY Change 23.97% 19.45% -27.92%
Gross Profit $21.40M $20.63M $17.06M
YoY Change 32.92% 20.88% 139.5%
Gross Profit Margin 58.79% 71.07% 70.83%
Selling, General & Admin $12.80M $7.400M $6.900M
YoY Change 93.94% 7.25% 27.78%
% of Gross Profit 59.81% 35.88% 40.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $200.0K $700.0K
YoY Change -60.0% -71.43% -93.2%
% of Gross Profit 0.93% 0.97% 4.1%
Operating Expenses $42.60M $33.00M $27.10M
YoY Change 105.8% 21.77% 28.44%
Operating Profit -$21.20M -$12.38M -$10.04M
YoY Change 360.87% 23.28% -28.18%
Interest Expense $300.0K $7.268M $5.257M
YoY Change 50.0% 38.25% 12.98%
% of Operating Profit
Other Income/Expense, Net -$494.0K -$29.00K
YoY Change 1603.45%
Pretax Income -$20.90M -$14.49M -$13.73M
YoY Change 386.05% 5.53% 2796.84%
Income Tax $3.300M -$22.00K -$4.666M
% Of Pretax Income
Net Earnings -$18.30M -$14.47M -$9.065M
YoY Change 771.43% 59.59% -2193.53%
Net Earnings / Revenue -50.27% -49.85% -37.63%
Basic Earnings Per Share -$1.04 -$0.65
Diluted Earnings Per Share -$1.317M -$1.04 -$0.65
COMMON SHARES
Basic Shares Outstanding 13.87M shares 13.98M 13.87M shares
Diluted Shares Outstanding 14.00M 13.93M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.50M $68.60M $58.70M
YoY Change -45.47% 16.87% 53.66%
Cash & Equivalents $70.66M $68.58M $58.72M
Short-Term Investments
Other Short-Term Assets $42.10M $39.60M $20.60M
YoY Change 117.01% 92.23% 5.1%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $83.60M $108.2M $79.30M
YoY Change -12.46% 36.44% 37.2%
LONG-TERM ASSETS
Property, Plant & Equipment $3.229M $3.296M $4.049M
YoY Change -15.67% -18.6% -34.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.244M $4.745M $7.683M
YoY Change -36.89% -38.24% -32.11%
Other Assets $29.20M $28.70M $17.20M
YoY Change 75.9% 66.86% -20.0%
Total Long-Term Assets $342.0M $320.9M $256.5M
YoY Change 28.07% 25.08% 20.31%
TOTAL ASSETS
Total Short-Term Assets $83.60M $108.2M $79.30M
Total Long-Term Assets $342.0M $320.9M $256.5M
Total Assets $425.6M $429.1M $335.8M
YoY Change 17.4% 27.76% 23.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.7M $114.9M $76.30M
YoY Change 33.29% 50.59% 70.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $124.8M $126.0M $94.10M
YoY Change 21.64% 33.9% 44.1%
LONG-TERM LIABILITIES
Long-Term Debt $336.9M $320.0M $234.3M
YoY Change 32.53% 36.58% 21.34%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $336.9M $320.0M $234.3M
YoY Change 32.53% 36.58% 21.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.8M $126.0M $94.10M
Total Long-Term Liabilities $336.9M $320.0M $234.3M
Total Liabilities $461.7M $445.9M $328.4M
YoY Change 29.42% 35.77% 27.11%
SHAREHOLDERS EQUITY
Retained Earnings -$246.6M -$228.4M -$203.8M
YoY Change 19.81% 12.08% 3.2%
Common Stock $212.8M $212.6M $211.2M
YoY Change 0.54% 0.69% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$36.03M -$16.86M $7.406M
YoY Change
Total Liabilities & Shareholders Equity $425.6M $429.1M $335.8M
YoY Change 17.4% 27.76% 23.92%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$18.30M -$14.47M -$9.065M
YoY Change 771.43% 59.59% -2193.53%
Depreciation, Depletion And Amortization $200.0K $200.0K $700.0K
YoY Change -60.0% -71.43% -93.2%
Cash From Operating Activities -$14.50M -$22.40M $12.00M
YoY Change -201.4% -286.67% 300.0%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$100.0K $0.00
YoY Change 100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$17.10M -$38.70M -$16.50M
YoY Change -10.47% 134.55% 111.54%
Cash From Investing Activities -$17.30M -$38.80M -$16.60M
YoY Change -9.9% 133.73% 107.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.40M 43.10M 33.20M
YoY Change -23.35% 29.82% -1376.92%
NET CHANGE
Cash From Operating Activities -14.50M -22.40M 12.00M
Cash From Investing Activities -17.30M -38.80M -16.60M
Cash From Financing Activities 17.40M 43.10M 33.20M
Net Change In Cash -14.40M -18.10M 28.60M
YoY Change -180.9% -163.29% -476.32%
FREE CASH FLOW
Cash From Operating Activities -$14.50M -$22.40M $12.00M
Capital Expenditures -$200.0K -$100.0K $0.00
Free Cash Flow -$14.30M -$22.30M $12.00M
YoY Change -199.31% -285.83% 275.0%

Facts In Submission

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CY2016 us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.136
us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.140
CY2016 us-gaap Fair Value Inputs Prepayment Rate
FairValueInputsPrepaymentRate
0.022
us-gaap Fair Value Inputs Prepayment Rate
FairValueInputsPrepaymentRate
0.026
CY2016 us-gaap Fair Value Inputs Probability Of Default
FairValueInputsProbabilityOfDefault
0.118
us-gaap Fair Value Inputs Probability Of Default
FairValueInputsProbabilityOfDefault
0.112
us-gaap Fair Value Measured On Recurring Basis Gain Loss Included In Earnings
FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings
568000 USD
us-gaap Fair Value Measured On Recurring Basis Gain Loss Included In Earnings
FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings
2718000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-8590000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-6398000 USD
CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
26706000 USD
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
18445000 USD
CY2016Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
15648000 USD
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
12019000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
4240000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
721000 USD
CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
20970000 USD
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
14367000 USD
CY2016Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
12276000 USD
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9769000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1037000 USD
CY2016Q3 us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
944000 USD
us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
2599000 USD
CY2017Q3 us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
3248000 USD
us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
6351000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21500000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
24200000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
34600000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
43300000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41200000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
52100000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
42700000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
51900000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
600000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
200000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1100000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
4200000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1200000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
4500000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8200000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
24100000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
14400000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
46200000 USD
CY2016Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
289700000 USD
CY2017Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
359400000 USD
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1000000 USD
CY2017Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
400000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1500000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1300000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
252300000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
315100000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
38400000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
44700000 USD
CY2016Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
0 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-1037000 USD
CY2016Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-13731000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8051000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-14490000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-26369000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
629000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1956000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
164000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
902000 USD
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5296000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
16314000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
356770000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
445929000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
362547000 USD
CY2017Q3 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
3900000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4666000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18832000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49158000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3811000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3847000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
710000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
238000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
28555000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22032000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4521000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4084000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2782000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1530000 USD
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-295000 USD
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-199000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
475000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13395000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3252000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
12049000 USD
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
63000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
68000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
19000 shares
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
24089000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
63851000 USD
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
29019000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
81635000 USD
CY2016Q3 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
24053000 USD
us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
63663000 USD
CY2017Q3 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
28985000 USD
us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
81457000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
5257000 USD
us-gaap Interest Expense
InterestExpense
14693000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
7268000 USD
us-gaap Interest Expense
InterestExpense
19504000 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21751000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
62131000 USD
us-gaap Interest Paid
InterestPaid
15390000 USD
us-gaap Interest Paid
InterestPaid
19214000 USD
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6329000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
18242000 USD
CY2017Q3 us-gaap Notes Payable
NotesPayable
249000000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
40000000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
429067000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
359800000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
239431000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
283843000 USD
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
83399000 USD
CY2017Q3 us-gaap Line Of Credit
LineOfCredit
143834000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
290700000 USD
CY2016Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
69900000 USD
CY2017Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
76600000 USD
CY2016Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
587000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2374000 USD
CY2017Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2072000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6731000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
-10000 USD
CY2017Q3 us-gaap Minority Interest
MinorityInterest
-2000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40759000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67249000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56644000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62996000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24705000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12015000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-9065000 USD
us-gaap Net Income Loss
NetIncomeLoss
-4235000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-14467000 USD
us-gaap Net Income Loss
NetIncomeLoss
-22523000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
7000 USD
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
18307000 USD
us-gaap Noninterest Expense
NoninterestExpense
57164000 USD
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
20501000 USD
us-gaap Noninterest Expense
NoninterestExpense
64542000 USD
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
1583000 USD
us-gaap Noninterest Income
NoninterestIncome
6520000 USD
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
1788000 USD
us-gaap Noninterest Income
NoninterestIncome
4825000 USD
CY2016Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
69000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
214000 USD
CY2017Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
590000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
939000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-29000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
219000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-494000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-65000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
181200000 USD
CY2017Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
40000000 USD
CY2016Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
141166000 USD
CY2017Q3 us-gaap Notes Payable To Bank
NotesPayableToBank
208980000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13925000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13931000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13968000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1721000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1721000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-625000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-625000 USD
CY2016Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
36000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
188000 USD
CY2017Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
34000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
178000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3570000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6199000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4210000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16842000 USD
CY2016Q4 us-gaap Ownshare Lending Arrangement Shares Outstanding
OwnshareLendingArrangementSharesOutstanding
1459233 shares
CY2017Q3 us-gaap Ownshare Lending Arrangement Shares Outstanding
OwnshareLendingArrangementSharesOutstanding
1459233 shares
us-gaap Payments For Proceeds From Other Loans And Leases
PaymentsForProceedsFromOtherLoansAndLeases
286654000 USD
us-gaap Payments For Proceeds From Other Loans And Leases
PaymentsForProceedsFromOtherLoansAndLeases
335664000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
869000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
286000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
244000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
229000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
19389000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
39636000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
4000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
7000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
156869000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
243945000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
222606000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
282064000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-9065000 USD
us-gaap Profit Loss
ProfitLoss
-4240000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
-14468000 USD
us-gaap Profit Loss
ProfitLoss
-22522000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3829000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3296000 USD
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
17470000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
33012000 USD
CY2017Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
24087000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.98
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10653 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y7M
us-gaap Stock Issued1
StockIssued1
2310000 USD
us-gaap Stock Issued1
StockIssued1
1364000 USD
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13867000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
286000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
5787000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13930000 shares
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
50484000 USD
CY2016Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
17500000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
33000000 USD
CY2017Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
24100000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
50500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
115245000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
176417000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16589000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28659000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-205859000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-228382000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
58190000 USD
CY2017Q3 us-gaap Secured Debt
SecuredDebt
66191000 USD
CY2016Q3 us-gaap Servicing Fees Net
ServicingFeesNet
885000 USD
us-gaap Servicing Fees Net
ServicingFeesNet
3313000 USD
CY2017Q3 us-gaap Servicing Fees Net
ServicingFeesNet
1034000 USD
us-gaap Servicing Fees Net
ServicingFeesNet
2984000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1079335 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
792205 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1215000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10653 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1411667 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2622667 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.09
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.04
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.04
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
-16860000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5777000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-16862000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15769000 USD
CY2017Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
11059000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
200000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
600000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
200000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
500000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13857000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13921000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13949000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
358970 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
277361 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
238967 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
318253 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our consolidated financial statements, as well as the reported amounts of revenues and expenses during each reporting period. We base these estimates on information available to us as of the date of the financial statements. Actual results could differ materially from these estimates. Certain estimates, such as credit losses, payment rates, costs of funds, discount rates and the yields earned on credit card receivables, significantly affect the reported amount of credit card receivables that we report at fair value and our notes payable associated with structured financings, at fair value; these estimates likewise affect the changes in these amounts reflected within our fees and related income on earning assets line item on our consolidated statements of operations. Additionally, estimates of future credit losses have a significant effect on loans and fees receivable, net, as shown on our consolidated balance sheets, as well as on the provision for losses on loans and fees receivable within our consolidated statements of operations.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have eliminated all significant intercompany balances and transactions for financial reporting purposes.</font></div></div>

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