Western Capital Resources (WCRS) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	9-May-14
Document Information [Line Items]	'	'
Entity Registrant Name	'WESTERN CAPITAL RESOURCES, INC.	'
Entity Central Index Key	'0001363958	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'WCRS	'
Entity Common Stock, Shares Outstanding	'	60,220,165
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$2,327,367	$1,983,835
Loans receivable (less allowance for losses of $998,000 and $1,215,000)	4,197,212	5,438,202
Inventory	1,528,359	1,557,886
Prepaid expenses and other	1,171,073	889,590
Deferred income taxes	421,000	498,000
TOTAL CURRENT ASSETS	9,645,011	10,367,513
PROPERTY AND EQUIPMENT	955,200	928,074
GOODWILL	12,894,069	12,894,069
INTANGIBLE ASSETS	92,338	117,096
OTHER	128,564	132,333
TOTAL ASSETS	23,715,182	24,439,085
CURRENT LIABILITIES	'	'
Accounts payable and accrued liabilities	2,725,555	2,910,560
Current portion long-term debt	0	2,750,000
Deferred revenue	233,772	296,503
TOTAL CURRENT LIABILITIES	2,959,327	5,957,063
LONG-TERM LIABILITIES	'	'
Note payable - long-term	1,700,000	0
Deferred income taxes	1,241,000	1,156,000
TOTAL LONG-TERM LIABILITIES	2,941,000	1,156,000
TOTAL LIABILITIES	5,900,327	7,113,063
SHAREHOLDERS’ EQUITY	'	'
Common stock, no par value, 240,000,000 shares authorized, 60,220,165 shares issued and outstanding.	0	0
Additional paid-in capital	22,353,600	22,353,600
Accumulated deficit	-4,538,745	-5,027,578
TOTAL SHAREHOLDERS’ EQUITY	17,814,855	17,326,022
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$23,715,182	$24,439,085

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Allowance for losses (in dollars)	$998,000	$1,215,000
Common stock, shares authorized	240,000,000	240,000,000
Common stock, shares issued	60,220,165	60,220,165
Common stock, shares outstanding	60,220,165	60,220,165

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
REVENUES	'	'
Retail sales, fees and commissions	$6,909,354	$5,376,898
Financing fees and interest	2,711,810	2,712,188
Revenues	9,621,164	8,089,086
STORE EXPENSES	'	'
Phone and accessories cost of sales	3,429,213	2,561,842
Salaries and benefits	2,072,445	1,756,526
Occupancy	670,725	651,237
Provisions for loan losses	336,864	321,347
Advertising	87,533	88,887
Depreciation	79,437	81,653
Amortization of intangible assets	24,758	39,227
Other	1,168,095	910,751
TOTAL STORE EXPENSES	7,869,070	6,411,470
INCOME FROM STORES	1,752,094	1,677,616
GENERAL & ADMINISTRATIVE EXPENSES	'	'
Salaries and benefits	485,327	514,014
Depreciation	7,125	6,192
Interest expense	80,174	83,617
Other	402,635	282,517
TOTAL GENERAL & ADMINISTRATIVE EXPENSES	975,261	886,340
INCOME BEFORE INCOME TAXES	776,833	791,276
INCOME TAX EXPENSE	288,000	300,000
NET INCOME	$488,833	$491,276
NET INCOME PER COMMON SHARE -	'	'
Basic and diluted (in dollars per share)	$0.01	$0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING -	'	'
Basic and diluted (in shares)	60,220,165	60,320,814

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES	'	'
Net Income	$488,833	$491,276
Adjustments to reconcile net income to net cash provided (used) by operating activities:	'	'
Depreciation	86,562	87,845
Amortization	24,758	39,227
Deferred income taxes	162,000	123,000
Changes in operating assets and liabilities	'	'
Loans receivable	1,240,990	949,730
Inventory	29,527	-58,163
Prepaid expenses and other assets	-277,714	46,890
Accounts payable and accrued liabilities	-185,005	-1,185,098
Deferred revenue	-62,731	-59,331
Net cash provided by operating activities	1,507,220	435,376
INVESTING ACTIVITIES	'	'
Purchases of property and equipment	-113,688	-55,704
Purchases of intangible assets	0	-29,500
Net cash used by investing activities	-113,688	-85,204
FINANCING ACTIVITIES	'	'
Payments on notes payable - long-term	-1,050,000	-180,787
Common stock redemption	'	-17,762
Net cash used by financing activities	-1,050,000	-198,549
NET INCREASE IN CASH	343,532	151,623
CASH	'	'
Beginning of period	1,983,835	2,246,619
End of period	2,327,367	2,398,242
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Income taxes paid	6,831	219,000
Interest paid	$105,966	$82,362

Basis_of_Presentation_Nature_o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	1	Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies –
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (SEC) and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted.
	In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our Form 10-K as of and for the year ended December 31, 2013. The condensed consolidated balance sheet at December 31, 2013, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP.
	Nature of Business
	Western Capital Resources, Inc. (WCR), through its wholly owned operating subsidiaries, Wyoming Financial Lenders, Inc. (WFL), Express Pawn, Inc. (EP), and PQH Wireless, Inc. (PQH), collectively referred to as the “Company,” provides retail financial services to individuals and operates retail cellular and retail pawn stores primarily in the Midwestern United States.  The Company operated 50 “Payday” stores, one combined payday/pawn store, and one pawn store in nine states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, Utah, Wisconsin and Wyoming) as of March 31, 2014. The Company operated 53 cellular retail stores in 14 states (Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas and Washington) as of March 31, 2014.  The consolidated financial statements include the accounts of WCR, WFL, PQH and EP. All significant intercompany balances and transactions have been eliminated in consolidation.
	Through our “Consumer Finance” division, we provide non-recourse cash advance and installment loans, collateralized non-recourse pawn loans, check cashing and other money services, and operate retail pawn stores.  The short-term uncollateralized non-recourse consumer loans, known as “cash advance” or “payday” loans, are in amounts that typically range from $100 to $500. Cash advance loans provide customers with cash in exchange for a promissory note with a maturity of generally two to four weeks and the customer’s post-dated personal check for the aggregate amount of the cash advanced plus a fee. The fee varies from state to state, based on applicable regulations, and generally ranges from $15 to $22 per each $100 borrowed. To repay a cash advance loan, a customer may pay with cash, in which case their personal check is returned to them, or allow the check to be presented to the bank for collection. Installment loans provide customers with cash in exchange for a promissory note with a maturity of generally three to six months and are unsecured. The fee and interest rate on installment loans vary based on applicable regulations.
	In August 2012, we opened our first pawn store by converting an existing payday location into a combined payday/pawn store. We opened our second pawn store in May 2013. We provide collateralized non-recourse loans, commonly known as “pawn loans,” with maturities of one to four months, depending on applicable state regulations. Allowable service charges vary by state. Our pawn loans earn 17.5% to 20% per month. The loan amount varies depending on the valuation of each item pawned. We generally lend from 30% to 55% of the collateral’s estimated resale value depending on our evaluation of several factors. Customers then have the option to redeem the pawned merchandise during the term or at expiration of the pawn loan or else forfeit the merchandise to us upon expiration. At our pawn stores we sell merchandise acquired through either customer forfeiture of pawn collateral or second-hand merchandise purchased from customers or consigned to us.
	We also provide title loans and other ancillary consumer financial products and services that are complementary to our cash advance-lending business, such as check-cashing services, money transfers and money orders.  In our check-cashing business, we primarily cash payroll checks, but we also cash government assistance, tax refund and insurance checks or drafts. Our fees for cashing payroll checks average approximately 2.5% of the face amount of the check, subject to local market conditions, and this fee is deducted from the cash given to the customer for the check. We display our check-cashing fees in full view of our customers on a menu board in each store and provide a detailed receipt for each transaction. Although we have established guidelines for approving check-cashing transactions, we have no preset limit on the size of the checks we will cash.
	Our loans and other related services are subject to state regulations (which vary from state to state), federal regulations and local regulations, where applicable.
	We also operate a “Cellular Retail” division that is an authorized Cricket premier dealer, selling cellular phones and accessories, providing ancillary services and accepting service payments from customers.
	Use of Estimates
	The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
	Significant management estimates relate to the loans receivable allowance, percentage of existing pawn loans that will be forfeited, allocation of and carrying value of goodwill and intangible assets, inventory valuation and obsolescence and deferred taxes and tax uncertainties.
	Revenue Recognition
	The Company recognizes fees on cash advance loans on a constant-yield basis ratably over the loans’ terms. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable, and installment loan maintenance fees are recognized when earned. The Company recognizes fees on redeemed pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans. The Company records revenue from check cashing fees, sales of phones, accessories, and pawn inventory, and fees from all other services in the period in which the sale or service is completed.
	Loans Receivable Allowance
	The Company maintains a loan loss allowance for anticipated losses for our payday and installment loans. We do not record loan losses or charge-offs of pawn or title loans because the value of the collateral exceeds the loan amount. To estimate the appropriate level of the loan loss allowance, we consider the amount of outstanding loan principal, interest and fees, historical charge offs, current and expected collection patterns and current economic trends. Our current loan loss allowance is based on our historical net write off percentage, net charge offs to loan principal, interest and fee amounts that originated during the last 24 months, applied against the balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods.
	Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances.  Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons.   Loans are carried at cost plus accrued interest or fees less payments made and the loans receivable allowance.  The Company does not specifically reserve for any individual loan.  The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio.  This methodology takes into account several factors, including the maturity of the store location and charge-off and recovery rates.  The Company utilizes a software program to assist with the tracking of its historical portfolio statistics.   All returned items are charged-off after 180 days, as collections after that date have not been significant.  The loans receivable allowance is reviewed monthly and any adjustment to the loan loss allowance as a result of historical loan performance, current and expected collection patterns and current economic trends is recorded.
	Net Income Per Common Share
	Basic net income per common share is computed by dividing the income available to common shareholders by the weighted-average number of common shares outstanding for the year. There were no dilutive securities at March 31, 2014 and 2013.
	Segment Reporting
	The Company has grouped its operations into two segments – Consumer Finance division and Cellular Retail division. The Consumer Finance division provides financial and ancillary services and also sells used merchandise at retail pawn stores. The Cellular Retail division is an authorized Cricket premier dealer selling cellular phones and accessories, providing ancillary services and accepting service payments from customers.
	Reclassifications
	Certain Statement of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three months ended March 31, 2014.
	Recent Accounting Pronouncements
	No new accounting pronouncement issued or effective during the fiscal quarter has had or is expected to have a material impact on the condensed consolidated financial statements.

Risks_Inherent_in_the_Operatin

Risks Inherent in the Operating Environment	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	2	Risks Inherent in the Operating Environment –
	The Company’s Consumer Finance division activities are highly regulated under numerous local, state, and federal laws and regulations, which are subject to change. New laws or regulations could be enacted that could have a negative impact on the Company’s lending activities. Over the past several years, consumer advocacy groups and certain media reports have advocated governmental and regulatory action to prohibit or severely restrict the Company’s lending activities.
	Any adverse change in present federal laws or regulations that govern or otherwise affect lending could result in our curtailment or cessation of operations in certain jurisdictions or locations. Furthermore, any failure to comply with any applicable federal laws or regulations could result in fines, litigation, closure of one or more store locations or negative publicity. Any such change or failure would have a corresponding impact on our results of operations and financial condition, primarily through a decrease in revenues resulting from the cessation or curtailment of operations, decrease in our operating income through increased legal expenditures or fines, and could also negatively affect our general business prospects as well if we are unable to effectively replace such revenues in a timely and efficient manner or if negative publicity effects our ability to obtain additional financing as needed.
	In addition, the passage of federal or state laws and regulations could, at any point, essentially prohibit the Company from conducting its lending business in its current form. Any such legal or regulatory change would certainly have a material and adverse effect on the Company, its operating results, financial condition and prospects, and perhaps even its viability.
	For the three months ended March 31, 2014 and 2013, the Company had significant revenues by state (shown as a percentage of applicable division’s revenue when over 10%) as follows:
	Consumer Finance Division						Cellular Retail Division
			2014		2013			2014		2013
	Nebraska		29	%	29	%	Nebraska	30	%	22	%
	North Dakota		17	%	18	%	Colorado	15	%	*	%
	Wyoming		14	%	15	%	Missouri	10	%	10	%
	Iowa		14	%	11	%	Texas	10	%	13	%
	* Less than 10%

Loans_Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	3	Loans Receivable –
	At March 31, 2014 and December 31, 2013 our outstanding loans receivable aging was as follows:
	March 31, 2014
			Payday		Installment		Pawn &		Total
							Title
	Current		$	3,453,553	$	270,680	$	268,465	$	3,992,698
	30-Jan			193,459		42,306		-		235,765
	31-60			173,024		27,379		-		200,403
	61-90			214,873		13,348		-		228,221
	91-120			182,317		6,572		-		188,889
	121-150			162,288		2,513		-		164,801
	151-180			182,924		1,511		-		184,435
				4,562,438		364,309		268,465		5,195,212
	Allowance for losses			-935,000		-63,000		-		-998,000
			$	3,627,438	$	301,309	$	268,465	$	4,197,212
	December 31, 2013
			Payday		Installment		Pawn &		Total
							Title
	Current		$	4,519,839	$	408,782	$	288,788	$	5,217,409
	30-Jan			271,967		56,807		-		328,774
	31-60			202,097		31,212		-		233,309
	61-90			217,154		17,285		-		234,439
	91-120			206,885		8,660		-		215,545
	121-150			199,253		2,846		-		202,099
	151-180			218,802		2,825		-		221,627
				5,835,997		528,417		288,788		6,653,202
	Allowance for losses			-1,120,000		-95,000		-		-1,215,000
			$	4,715,997	$	433,417	$	288,788	$	5,438,202

Loans_Receivable_Allowance

Loans Receivable Allowance	3 Months Ended
	Mar. 31, 2014
Provision for Loan and Lease Losses [Abstract]	'
Allowance for Credit Losses [Text Block]	'
	4	Loans Receivable Allowance –
	As a result of the Company’s collection efforts, it historically writes off approximately 41% of the returned payday items.  Based on days past the check return date, write-offs of payday returned items historically have tracked at the following approximate percentages: 1 to 30 days – 41%; 31 to 60 days – 65%; 61 to 90 days – 83%; 91 to 120 days – 88%; and 121 to 180 days – 91%.  A rollforward of the Company’s loans receivable allowance for the three months ended March 31, 2014 and 2013 is as follows:
			Three Months Ended
			March 31,
			2014		2013
	Loans receivable allowance, beginning of period		$	1,215,000	$	1,191,000
	Provision for loan losses charged to expense			337,000		321,000
	Charge-offs, net			-554,000		-511,000
	Loans receivable allowance, end of period		$	998,000	$	1,001,000

Note_Payable_Short_Term

Note Payable - Short Term	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	5	Note Payable – Short Term –
	The Company’s short-term debt is as follows:
			March 31, 2014		December 31, 2013
	Note payable to shareholders related to preferred stock conversion to common, due and payable, if no earlier payment demand is made, on April 30, 2013. The note accrued no interest.		$	-	$	405,163

Notes_Payable_Long_Term

Notes Payable - Long Term	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	6	Notes Payable – Long Term –
	The Company’s long-term debt is as follows:
			March 31, 2014		December 31, 2013
	Note payable (with a credit limit of $3,000,000) to River City Equity, Inc., a related party, with interest payable monthly at 12% due June 30, 2015 and upon certain events can be collateralized by substantially all assets of WCR.		$	1,700,000	$	2,750,000
	Total			1,700,000		2,750,000
	Less current maturities			-		-2,750,000
			$	1,700,000	$	-

Other_Expense

Other Expense	3 Months Ended
	Mar. 31, 2014
Other Expense [Abstract]	'
Other Expense [Text Block]	'
	7	Other Expense –
	A breakout of other expense is as follows:
			Three Months Ended
			March 31,
			2014		2013
	Store expenses
	Bank fees		$	112,493	$	106,943
	Collection costs			123,521		111,733
	Repairs & maintenance			115,579		65,254
	Supplies			123,303		74,480
	Telephone			51,352		39,581
	Utilities and network lines			240,328		200,845
	Other			401,519		311,915
			$	1,168,095	$	910,751
	General & administrative expenses
	Professional fees		$	132,519	$	115,103
	Management and consulting fees			111,822		107,687
	Other			158,294		59,727
			$	402,635	$	282,517

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	8	Segment Information –
	The Company has grouped its operations into two segments – Consumer Finance and Cellular Retail.  The Consumer Finance segment provides financial and ancillary services.  The Cellular Retail segment is a dealer for Cricket cellular carrier selling cellular phones and accessories, ancillary services and serving as a payment center for customers.
	Segment information related to the three months ended March 31, 2014 and 2013 is set forth below:
			Three Months Ended						Three Months Ended
			March 31, 2014						March 31, 2013
			Consumer		Cellular		Total		Consumer		Cellular		Total
			Finance		Retail				Finance		Retail
	Revenues from external customers		$	3,166,631	$	6,454,533	$	9,621,164	$	3,057,290	$	5,031,796	$	8,089,086
	Net income		$	352,797	$	136,036	$	488,833	$	410,341	$	80,935	$	491,276
	Total segment assets		$	14,969,327	$	8,745,855	$	23,715,182	$	15,133,343	$	7,341,503	$	22,474,846

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	9	Subsequent Events –
	We evaluated all events or transactions that occurred after March 31, 2014 up through the date we issued these financial statements. During this period we did not have any material subsequent events that impacted our financial statements.

Basis_of_Presentation_Nature_o1

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (SEC) and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted.
	In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our Form 10-K as of and for the year ended December 31, 2013. The condensed consolidated balance sheet at December 31, 2013, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP.
Nature Of Business [Policy Text Block]	'
	Nature of Business
	Western Capital Resources, Inc. (WCR), through its wholly owned operating subsidiaries, Wyoming Financial Lenders, Inc. (WFL), Express Pawn, Inc. (EP), and PQH Wireless, Inc. (PQH), collectively referred to as the “Company,” provides retail financial services to individuals and operates retail cellular and retail pawn stores primarily in the Midwestern United States.  The Company operated 50 “Payday” stores, one combined payday/pawn store, and one pawn store in nine states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, Utah, Wisconsin and Wyoming) as of March 31, 2014. The Company operated 53 cellular retail stores in 14 states (Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas and Washington) as of March 31, 2014.  The consolidated financial statements include the accounts of WCR, WFL, PQH and EP. All significant intercompany balances and transactions have been eliminated in consolidation.
	Through our “Consumer Finance” division, we provide non-recourse cash advance and installment loans, collateralized non-recourse pawn loans, check cashing and other money services, and operate retail pawn stores.  The short-term uncollateralized non-recourse consumer loans, known as “cash advance” or “payday” loans, are in amounts that typically range from $100 to $500. Cash advance loans provide customers with cash in exchange for a promissory note with a maturity of generally two to four weeks and the customer’s post-dated personal check for the aggregate amount of the cash advanced plus a fee. The fee varies from state to state, based on applicable regulations, and generally ranges from $15 to $22 per each $100 borrowed. To repay a cash advance loan, a customer may pay with cash, in which case their personal check is returned to them, or allow the check to be presented to the bank for collection. Installment loans provide customers with cash in exchange for a promissory note with a maturity of generally three to six months and are unsecured. The fee and interest rate on installment loans vary based on applicable regulations.
	In August 2012, we opened our first pawn store by converting an existing payday location into a combined payday/pawn store. We opened our second pawn store in May 2013. We provide collateralized non-recourse loans, commonly known as “pawn loans,” with maturities of one to four months, depending on applicable state regulations. Allowable service charges vary by state. Our pawn loans earn 17.5% to 20% per month. The loan amount varies depending on the valuation of each item pawned. We generally lend from 30% to 55% of the collateral’s estimated resale value depending on our evaluation of several factors. Customers then have the option to redeem the pawned merchandise during the term or at expiration of the pawn loan or else forfeit the merchandise to us upon expiration. At our pawn stores we sell merchandise acquired through either customer forfeiture of pawn collateral or second-hand merchandise purchased from customers or consigned to us.
	We also provide title loans and other ancillary consumer financial products and services that are complementary to our cash advance-lending business, such as check-cashing services, money transfers and money orders.  In our check-cashing business, we primarily cash payroll checks, but we also cash government assistance, tax refund and insurance checks or drafts. Our fees for cashing payroll checks average approximately 2.5% of the face amount of the check, subject to local market conditions, and this fee is deducted from the cash given to the customer for the check. We display our check-cashing fees in full view of our customers on a menu board in each store and provide a detailed receipt for each transaction. Although we have established guidelines for approving check-cashing transactions, we have no preset limit on the size of the checks we will cash.
	Our loans and other related services are subject to state regulations (which vary from state to state), federal regulations and local regulations, where applicable.
	We also operate a “Cellular Retail” division that is an authorized Cricket premier dealer, selling cellular phones and accessories, providing ancillary services and accepting service payments from customers.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
	Significant management estimates relate to the loans receivable allowance, percentage of existing pawn loans that will be forfeited, allocation of and carrying value of goodwill and intangible assets, inventory valuation and obsolescence and deferred taxes and tax uncertainties.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	The Company recognizes fees on cash advance loans on a constant-yield basis ratably over the loans’ terms. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable, and installment loan maintenance fees are recognized when earned. The Company recognizes fees on redeemed pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans. The Company records revenue from check cashing fees, sales of phones, accessories, and pawn inventory, and fees from all other services in the period in which the sale or service is completed.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	'
	Loans Receivable Allowance
	The Company maintains a loan loss allowance for anticipated losses for our payday and installment loans. We do not record loan losses or charge-offs of pawn or title loans because the value of the collateral exceeds the loan amount. To estimate the appropriate level of the loan loss allowance, we consider the amount of outstanding loan principal, interest and fees, historical charge offs, current and expected collection patterns and current economic trends. Our current loan loss allowance is based on our historical net write off percentage, net charge offs to loan principal, interest and fee amounts that originated during the last 24 months, applied against the balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods.
	Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances.  Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons.   Loans are carried at cost plus accrued interest or fees less payments made and the loans receivable allowance.  The Company does not specifically reserve for any individual loan.  The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio.  This methodology takes into account several factors, including the maturity of the store location and charge-off and recovery rates.  The Company utilizes a software program to assist with the tracking of its historical portfolio statistics.   All returned items are charged-off after 180 days, as collections after that date have not been significant.  The loans receivable allowance is reviewed monthly and any adjustment to the loan loss allowance as a result of historical loan performance, current and expected collection patterns and current economic trends is recorded.
Earnings Per Share, Policy [Policy Text Block]	'
	Net Income Per Common Share
	Basic net income per common share is computed by dividing the income available to common shareholders by the weighted-average number of common shares outstanding for the year. There were no dilutive securities at March 31, 2014 and 2013.
Segment Reporting, Policy [Policy Text Block]	'
	Segment Reporting
	The Company has grouped its operations into two segments – Consumer Finance division and Cellular Retail division. The Consumer Finance division provides financial and ancillary services and also sells used merchandise at retail pawn stores. The Cellular Retail division is an authorized Cricket premier dealer selling cellular phones and accessories, providing ancillary services and accepting service payments from customers.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain Statement of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three months ended March 31, 2014.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	No new accounting pronouncement issued or effective during the fiscal quarter has had or is expected to have a material impact on the condensed consolidated financial statements.

Risks_Inherent_in_the_Operatin1

Risks Inherent in the Operating Environment (Tables)	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Disclosure of Significant Revenue, Percentages by State by Division [Table Text Block]	'
	For the three months ended March 31, 2014 and 2013, the Company had significant revenues by state (shown as a percentage of applicable division’s revenue when over 10%) as follows:
	Consumer Finance Division					Cellular Retail Division
		2014		2013			2014		2013
	Nebraska	29	%	29	%	Nebraska	30	%	22	%
	North Dakota	17	%	18	%	Colorado	15	%	*	%
	Wyoming	14	%	15	%	Missouri	10	%	10	%
	Iowa	14	%	11	%	Texas	10	%	13	%
	* Less than 10%

Loans_Receivable_Tables

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	At March 31, 2014 and December 31, 2013 our outstanding loans receivable aging was as follows:
	March 31, 2014
		Payday		Installment		Pawn &		Total
						Title
	Current	$	3,453,553	$	270,680	$	268,465	$	3,992,698
	30-Jan		193,459		42,306		-		235,765
	31-60		173,024		27,379		-		200,403
	61-90		214,873		13,348		-		228,221
	91-120		182,317		6,572		-		188,889
	121-150		162,288		2,513		-		164,801
	151-180		182,924		1,511		-		184,435
			4,562,438		364,309		268,465		5,195,212
	Allowance for losses		-935,000		-63,000		-		-998,000
		$	3,627,438	$	301,309	$	268,465	$	4,197,212
	December 31, 2013
		Payday		Installment		Pawn &		Total
						Title
	Current	$	4,519,839	$	408,782	$	288,788	$	5,217,409
	30-Jan		271,967		56,807		-		328,774
	31-60		202,097		31,212		-		233,309
	61-90		217,154		17,285		-		234,439
	91-120		206,885		8,660		-		215,545
	121-150		199,253		2,846		-		202,099
	151-180		218,802		2,825		-		221,627
			5,835,997		528,417		288,788		6,653,202
	Allowance for losses		-1,120,000		-95,000		-		-1,215,000
		$	4,715,997	$	433,417	$	288,788	$	5,438,202

Loans_Receivable_Allowance_Tab

Loans Receivable Allowance (Tables)	3 Months Ended
	Mar. 31, 2014
Provision for Loan and Lease Losses [Abstract]	'
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	'
	A rollforward of the Company’s loans receivable allowance for the three months ended March 31, 2014 and 2013 is as follows:
		Three Months Ended
		March 31,
		2014		2013
	Loans receivable allowance, beginning of period	$	1,215,000	$	1,191,000
	Provision for loan losses charged to expense		337,000		321,000
	Charge-offs, net		-554,000		-511,000
	Loans receivable allowance, end of period	$	998,000	$	1,001,000

Note_Payable_Short_Term_Tables

Note Payable - Short Term (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	The Company’s short-term debt is as follows:
		March 31, 2014		December 31, 2013
	Note payable to shareholders related to preferred stock conversion to common, due and payable, if no earlier payment demand is made, on April 30, 2013. The note accrued no interest.	$	-	$	405,163

Notes_Payable_Long_Term_Tables

Notes Payable - Long Term (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	The Company’s long-term debt is as follows:
		March 31, 2014		December 31, 2013
	Note payable (with a credit limit of $3,000,000) to River City Equity, Inc., a related party, with interest payable monthly at 12% due June 30, 2015 and upon certain events can be collateralized by substantially all assets of WCR.	$	1,700,000	$	2,750,000
	Total		1,700,000		2,750,000
	Less current maturities		-		-2,750,000
		$	1,700,000	$	-

Other_Expense_Tables

Other Expense (Tables)	3 Months Ended
	Mar. 31, 2014
Other Expense [Abstract]	'
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	'
	A breakout of other expense is as follows:
		Three Months Ended
		March 31,
		2014		2013
	Store expenses
	Bank fees	$	112,493	$	106,943
	Collection costs		123,521		111,733
	Repairs & maintenance		115,579		65,254
	Supplies		123,303		74,480
	Telephone		51,352		39,581
	Utilities and network lines		240,328		200,845
	Other		401,519		311,915
		$	1,168,095	$	910,751
	General & administrative expenses
	Professional fees	$	132,519	$	115,103
	Management and consulting fees		111,822		107,687
	Other		158,294		59,727
		$	402,635	$	282,517

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	Segment information related to the three months ended March 31, 2014 and 2013 is set forth below:
		Three Months Ended						Three Months Ended
		March 31, 2014						March 31, 2013
		Consumer		Cellular		Total		Consumer		Cellular		Total
		Finance		Retail				Finance		Retail
	Revenues from external customers	$	3,166,631	$	6,454,533	$	9,621,164	$	3,057,290	$	5,031,796	$	8,089,086
	Net income	$	352,797	$	136,036	$	488,833	$	410,341	$	80,935	$	491,276
	Total segment assets	$	14,969,327	$	8,745,855	$	23,715,182	$	15,133,343	$	7,341,503	$	22,474,846

Basis_of_Presentation_Nature_o2

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Approximate Cashing Fees Percentage	2.50%
Payday Loans [Member] | Minimum [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Short Term Loan Typical Amount Range	100
Short Term Loans Fees $100 Borrowed	15
Payday Loans [Member] | Maximum [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Short Term Loan Typical Amount Range	500
Short Term Loans Fees $100 Borrowed	22
Pawn Loans [Member] | Minimum [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Monthly Interest Income Rate	17.50%
Collateral Estimated Resale Value Percentage	30.00%
Pawn Loans [Member] | Maximum [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Monthly Interest Income Rate	20.00%
Collateral Estimated Resale Value Percentage	55.00%
Payday Stores [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Number of Stores	50
Payday/Pawn Store [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Number of Stores	1
Pawn Store [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Number of Stores	1
Cellular Retail Stores [Member]	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'
Number of Stores	53

Risks_Inherent_in_the_Operatin2

Risks Inherent in the Operating Environment (Details) (Geographic Concentration Risk [Member])	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Consumer Finance Division [Member] | Nebraska [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Consumer Finance Division, Revenues By State, Percentage	29.00%	29.00%
Consumer Finance Division [Member] | North Dakota [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Consumer Finance Division, Revenues By State, Percentage	17.00%	18.00%
Consumer Finance Division [Member] | Wyoming [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Consumer Finance Division, Revenues By State, Percentage	14.00%	15.00%
Consumer Finance Division [Member] | Iowa [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Consumer Finance Division, Revenues By State, Percentage	14.00%	11.00%
Cellular Retail Division [Member] | Nebraska [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Cellular Retail Division, Revenues By State, Percentage	30.00%	22.00%
Cellular Retail Division [Member] | Colorado [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Cellular Retail Division, Revenues By State, Percentage	15.00%	'	[1]
Cellular Retail Division [Member] | Missouri [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Cellular Retail Division, Revenues By State, Percentage	10.00%	10.00%
Cellular Retail Division [Member] | Texas [Member]	'	'
Risks Inherent in the Operating Environment [Line Items]	'	'
Cellular Retail Division, Revenues By State, Percentage	10.00%	13.00%
[1]	Less than 10%

Loans_Receivable_Details

Loans Receivable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	$5,195,212	$6,653,202	'	'
Allowance for losses	-998,000	-1,215,000	-1,001,000	-1,191,000
Outstanding loans receivable, Net	4,197,212	5,438,202	'	'
Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	4,562,438	5,835,997	'	'
Allowance for losses	-935,000	-1,120,000	'	'
Outstanding loans receivable, Net	3,627,438	4,715,997	'	'
Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	364,309	528,417	'	'
Allowance for losses	-63,000	-95,000	'	'
Outstanding loans receivable, Net	301,309	433,417	'	'
Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	268,465	288,788	'	'
Allowance for losses	0	0	'	'
Outstanding loans receivable, Net	268,465	288,788	'	'
Current [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	3,992,698	5,217,409	'	'
Current [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	3,453,553	4,519,839	'	'
Current [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	270,680	408,782	'	'
Current [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	268,465	288,788	'	'
Delinquent 1 to 30 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	235,765	328,774	'	'
Delinquent 1 to 30 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	193,459	271,967	'	'
Delinquent 1 to 30 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	42,306	56,807	'	'
Delinquent 1 to 30 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 31 to 60 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	200,403	233,309	'	'
Delinquent 31 to 60 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	173,024	202,097	'	'
Delinquent 31 to 60 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	27,379	31,212	'	'
Delinquent 31 to 60 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 61 to 90 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	228,221	234,439	'	'
Delinquent 61 to 90 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	214,873	217,154	'	'
Delinquent 61 to 90 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	13,348	17,285	'	'
Delinquent 61 to 90 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 91 to 120 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	188,889	215,545	'	'
Delinquent 91 to 120 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	182,317	206,885	'	'
Delinquent 91 to 120 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	6,572	8,660	'	'
Delinquent 91 to 120 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 121 to 150 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	164,801	202,099	'	'
Delinquent 121 to 150 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	162,288	199,253	'	'
Delinquent 121 to 150 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	2,513	2,846	'	'
Delinquent 121 to 150 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 151 to 180 Days [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	184,435	221,627	'	'
Delinquent 151 to 180 Days [Member] | Payday [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	182,924	218,802	'	'
Delinquent 151 to 180 Days [Member] | Installment [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	1,511	2,825	'	'
Delinquent 151 to 180 Days [Member] | Pawn & Title [Member]	'	'	'	'
Loans Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	$0	$0	'	'

Loans_Receivable_Allowance_Det

Loans Receivable Allowance (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Loans Receivable Allowance [Line Items]	'	'
Loans receivable allowance, beginning of period	$1,215,000	$1,191,000
Provision for loan losses charged to expense	337,000	321,000
Charge-offs, net	-554,000	-511,000
Loans receivable allowance, end of period	$998,000	$1,001,000

Loans_Receivable_Allowance_Det1

Loans Receivable Allowance (Details Textual)	Mar. 31, 2014
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	41.00%
Delinquent 1 to 30 Days [Member]	'
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	41.00%
Delinquent 31 to 60 Days [Member]	'
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	65.00%
Delinquent 61 to 90 Days [Member]	'
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	83.00%
Delinquent 91 to 120 Days [Member]	'
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	88.00%
Delinquent 121 to 180 Days [Member]	'
Loans Receivable Allowance [Line Items]	'
Percentage of Historical Written Off	91.00%

Note_Payable_Short_Term_Detail

Note Payable - Short Term (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Short-term Debt [Line Items]	'	'
Note payable to shareholders related to preferred stock conversion to common, due and payable, if no earlier payment demand is made, on April 30, 2013. The note accrued no interest.	$0	$405,163

Note_Payable_Short_Term_Detail1

Note Payable - Short Term (Details Textual) (Notes Payable to Shareholder [Member])	3 Months Ended
	Mar. 31, 2014
Notes Payable to Shareholder [Member]	'
Short-term Debt [Line Items]	'
Debt Instrument, Maturity Date	30-Apr-13

Notes_Payable_Long_Term_Detail

Notes Payable - Long Term (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Notes Payable	$1,700,000	$2,750,000
Less current maturities	0	-2,750,000
Notes Payable, Noncurrent	1,700,000	0
Note Payable to River City Equity [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes Payable	$1,700,000	$2,750,000

Notes_Payable_Long_Term_Detail1

Notes Payable - Long Term (Details Textual) (Note Payable to River City Equity [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Note Payable to River City Equity [Member]	'
Debt Instrument [Line Items]	'
Line of Credit Facility, Maximum Borrowing Capacity	$3,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	12.00%
Debt Instrument, Maturity Date	30-Jun-15

Other_Expense_Details

Other Expense (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Store expenses	'	'
Bank fees	$112,493	$106,943
Collection costs	123,521	111,733
Repairs & maintenance	115,579	65,254
Supplies	123,303	74,480
Telephone	51,352	39,581
Utilities and network lines	240,328	200,845
Other	401,519	311,915
Total Store expenses	1,168,095	910,751
General & administrative expenses	'	'
Professional fees	132,519	115,103
Management and consulting fees	111,822	107,687
Other	158,294	59,727
Total General & administrative expenses	$402,635	$282,517

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	$9,621,164	$8,089,086	'
Net income	488,833	491,276	'
Total segment assets	23,715,182	22,474,846	24,439,085
Consumer Finance [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	3,166,631	3,057,290	'
Net income	352,797	410,341	'
Total segment assets	14,969,327	15,133,343	'
Cellular Retail [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	6,454,533	5,031,796	'
Net income	136,036	80,935	'
Total segment assets	$8,745,855	$7,341,503	'