Western Capital Resources (WCRS) 10-Q 12 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
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	'	3,010,887
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$2,579,375	$1,983,835
Loans receivable (less allowance for losses of $968,000 and $1,215,000)	4,854,329	5,438,202
Inventory	1,700,399	1,557,886
Prepaid expenses and other	513,382	889,590
Deferred income taxes	412,000	498,000
TOTAL CURRENT ASSETS	10,059,485	10,367,513
PROPERTY AND EQUIPMENT	924,769	928,074
GOODWILL	12,894,069	12,894,069
INTANGIBLE ASSETS	312,507	117,096
OTHER	145,289	132,333
TOTAL ASSETS	24,336,119	24,439,085
CURRENT LIABILITIES	'	'
Accounts payable and accrued liabilities	2,864,559	2,910,560
Current portion long-term debt	2,000,000	2,750,000
Deferred revenue	273,651	296,503
TOTAL CURRENT LIABILITIES	5,138,210	5,957,063
LONG-TERM LIABILITIES	'	'
Deferred income taxes	1,301,000	1,156,000
TOTAL LONG-TERM LIABILITIES	1,301,000	1,156,000
TOTAL LIABILITIES	6,439,210	7,113,063
SHAREHOLDERS' EQUITY	'	'
Common stock, no par value, 12,500,000 shares authorized, 3,010,887 shares issued and outstanding	0	0
Additional paid-in capital	22,353,212	22,353,600
Accumulated deficit	-4,456,303	-5,027,578
TOTAL SHAREHOLDERS' EQUITY	17,896,909	17,326,022
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$24,336,119	$24,439,085

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Allowance for losses (in dollars)	$968,000	$1,215,000
Common stock, shares authorized	12,500,000	12,500,000
Common stock, shares issued	3,010,887	3,010,887
Common stock, shares outstanding	3,010,887	3,010,887

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
REVENUES	'	'	'	'
Retail sales, fees and commissions	$5,033,809	$4,454,451	$11,943,163	$9,831,349
Financing fees and interest	2,597,584	2,643,656	5,309,394	5,355,844
Revenues	7,631,393	7,098,107	17,252,557	15,187,193
STORE EXPENSES	'	'	'	'
Phone and accessories cost of sales	2,166,593	1,865,136	5,595,806	4,426,978
Salaries and benefits	2,080,262	1,753,463	4,152,707	3,509,989
Occupancy	732,398	625,579	1,403,123	1,276,816
Provisions for loan losses	416,704	423,845	753,568	745,192
Advertising	82,134	83,831	169,667	172,718
Depreciation	78,887	84,428	158,324	166,081
Amortization of intangible assets	29,831	37,314	54,589	76,541
Other	1,167,003	851,366	2,335,098	1,762,117
TOTAL STORE EXPENSES	6,753,812	5,724,962	14,622,882	12,136,432
INCOME FROM STORES	877,581	1,373,145	2,629,675	3,050,761
GENERAL & ADMINISTRATIVE EXPENSES	'	'	'	'
Salaries and benefits	357,845	484,228	843,172	998,242
Depreciation	6,045	6,636	13,170	12,828
Interest expense	51,156	82,274	131,330	165,891
Other	329,093	257,830	731,728	540,347
TOTAL GENERAL & ADMINISTRATIVE EXPENSES	744,139	830,968	1,719,400	1,717,308
INCOME BEFORE INCOME TAXES	133,442	542,177	910,275	1,333,453
INCOME TAX EXPENSE	51,000	206,000	339,000	506,000
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	$82,442	$336,177	$571,275	$827,453
NET INCOME (LOSS) PER COMMON SHARE	'	'	'	'
Basic and diluted (in dollars per share)	$0.03	$0.11	$0.19	$0.27
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING -	'	'	'	'
Basic and diluted (in shares)	3,010,996	3,011,008	3,011,002	3,013,511

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES	'	'
Net Income	$571,275	$827,453
Adjustments to reconcile net income to net cash provided (used) by operating activities:	'	'
Depreciation	171,494	178,909
Amortization	54,589	76,541
Deferred income taxes	231,000	202,000
Changes in operating assets and liabilities	'	'
Loans receivable	583,873	275,322
Inventory	-142,513	-230,502
Prepaid expenses and other assets	363,252	16,486
Accounts payable and accrued liabilities	-46,001	-584,412
Deferred revenue	-22,852	-31,561
Net cash provided by operating activities	1,764,117	730,236
INVESTING ACTIVITIES	'	'
Purchases of property and equipment	-418,189	-141,052
Purchases of intangible assets	0	-29,500
Net cash used by investing activities	-418,189	-170,552
FINANCING ACTIVITIES	'	'
Payments on notes payable - short-term	0	-405,163
Payments on notes payable - long-term	-750,000	-210,065
Common stock redemption	-388	-17,762
Net cash used by financing activities	-750,388	-632,990
NET INCREASE (DECREASE) IN CASH	595,540	-73,306
CASH	'	'
Beginning of period	1,983,835	2,246,619
End of period	2,579,375	2,173,313
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Income taxes paid	13,888	245,650
Interest paid	$141,735	$164,830

Basis_of_Presentation_Nature_o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 six-month period ended June 30, 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 48 “Payday” stores, two 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 June 30, 2014. The Company operated 58 cellular retail stores in 14 states (Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas and Washington) as of June 30, 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.
	Our pawn stores 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.
	Combination (Reverse Split) of Common Stock
	On May 30, 2014, the Company’s Board of Directors approved a 1-to-20 reverse stock split. The reverse stock split became effective on June 20, 2014. The reverse stock split reduced the number of issued and outstanding shares of common stock to 3,010,887 shares. The reverse stock split similarly reduced by a factor of 20 the authorized number of shares of capital stock that the Company may issue to 12,500,000. The accompanying financial statements and footnotes have been adjusted retroactively to reflect the reverse stock split.
	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 June 30, 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 six months ended June 30, 2014.
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) (collectively, the Boards) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition and results of operations.
	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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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	29	%	26	%
	North Dakota		18	%	19	%	Colorado	17	%	*	%
	Wyoming		14	%	15	%	Missouri	10	%	*	%
	Iowa		14	%	11	%	Texas	*	%	13	%
	* Less than 10%

Loans_Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	3	Loans Receivable –
	At June 30, 2014 and December 31, 2013 our outstanding loans receivable aging was as follows:
	June 30, 2014
			Payday		Installment		Pawn & Title		Total
	Current		$	4,008,906	$	324,171	$	280,352	$	4,613,429
	30-Jan			189,868		46,345		-		236,213
	31-60			139,161		22,068		-		161,229
	61-90			132,429		11,758		-		144,187
	91-120			156,518		7,283		-		163,801
	121-150			223,745		6,021		-		229,766
	151-180			267,842		5,862		-		273,704
				5,118,469		423,508		280,352		5,822,329
	Allowance for losses			-905,000		-63,000		-		-968,000
			$	4,213,469	$	360,508	$	280,352	$	4,854,329
	December 31, 2013
			Payday		Installment		Pawn & Title		Total
	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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2014 and 2013 is as follows:
			Six Months Ended
			June 30,
			2014		2013
	Loans receivable allowance, beginning of period		$	1,215,000	$	1,191,000
	Provision for loan losses charged to expense			753,568		745,191
	Charge-offs, net			-1,000,568		-980,191
	Loans receivable allowance, end of period		$	968,000	$	956,000

Notes_Payable_Long_Term

Notes Payable - Long Term	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	5	Notes Payable – Long Term –
	The Company’s long-term debt is as follows:
			June 30, 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.		$	2,000,000	$	2,750,000
	Total			2,000,000		2,750,000
	Less current maturities			-2,000,000		-2,750,000
			$	-	$	-

Other_Expense

Other Expense	6 Months Ended
	Jun. 30, 2014
Other Expense [Abstract]	'
Other Expense [Text Block]	'
	6	Other Expense –
	A breakout of other expense is as follows:
			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2014		2013		2014		2013
	Store expenses
	Bank fees		$	107,185	$	99,373	$	219,678	$	206,316
	Collection costs			98,462		126,182		221,983		237,915
	Repairs & maintenance			83,880		48,160		199,459		113,414
	Supplies			188,111		88,281		311,414		162,761
	Telephone			51,881		39,534		103,233		79,115
	Utilities and network lines			223,680		177,205		464,008		378,050
	Other			413,804		272,631		815,323		584,546
			$	1,167,003	$	851,366	$	2,335,098	$	1,762,117
	General & administrative expenses
	Professional fees		$	80,473	$	76,258	$	212,992	$	191,361
	Management and consulting fees			126,163		111,822		237,985		219,509
	Other			122,457		69,750		280,751		129,477
			$	329,093	$	257,830	$	731,728	$	540,347

Segment_Information

Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	7	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 and six months ended June 30, 2014 and 2013 is set forth below:
			Three Months Ended						Three Months Ended
			June 30, 2014						June 30, 2013
			Consumer		Cellular		Total		Consumer		Cellular		Total
			Finance		Retail				Finance		Retail
	Revenues from external customers		$	2,972,941	$	4,658,452	$	7,631,393	$	2,924,470	$	4,173,637	$	7,098,107
	Net income (loss)		$	286,584	$	-204,142	$	82,442	$	277,740	$	58,437	$	336,177
			Six Months Ended						Six Months Ended
			June 30, 2014						June 30, 2013
											Cellular
			Consumer		Cellular		Total		Consumer		Retail		Total
			Finance		Retail				Finance
	Revenues from external customers		$	6,139,572	$	11,112,985	$	17,252,557	$	5,981,758	$	9,205,435	$	15,187,193
	Net income (loss)		$	639,381	$	-68,106	$	571,275	$	688,080	$	139,373	$	827,453
	Total segment assets		$	15,767,875	$	8,568,244	$	24,336,119	$	15,634,372	$	7,433,666	$	23,068,038

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	8	Subsequent Events –
	We evaluated all events or transactions that occurred after June 30, 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)	6 Months Ended
	Jun. 30, 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 six-month period ended June 30, 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 48 “Payday” stores, two 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 June 30, 2014. The Company operated 58 cellular retail stores in 14 states (Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas and Washington) as of June 30, 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.
	Our pawn stores 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.
Combination Reverse Split of Common Stock [Policy Text Block]	'
	Combination (Reverse Split) of Common Stock
	On May 30, 2014, the Company’s Board of Directors approved a 1-to-20 reverse stock split. The reverse stock split became effective on June 20, 2014. The reverse stock split reduced the number of issued and outstanding shares of common stock to 3,010,887 shares. The reverse stock split similarly reduced by a factor of 20 the authorized number of shares of capital stock that the Company may issue to 12,500,000. The accompanying financial statements and footnotes have been adjusted retroactively to reflect the reverse stock split
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 June 30, 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 six months ended June 30, 2014.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) (collectively, the Boards) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition and results of operations.
	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)	6 Months Ended
	Jun. 30, 2014
Risks and Uncertainties [Abstract]	'
Disclosure of Significant Revenue, Percentages by State by Division [Table Text Block]	'
	For the six months ended June 30, 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	29	%	26	%
	North Dakota	18	%	19	%	Colorado	17	%	*	%
	Wyoming	14	%	15	%	Missouri	10	%	*	%
	Iowa	14	%	11	%	Texas	*	%	13	%
	* Less than 10%

Loans_Receivable_Tables

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	At June 30, 2014 and December 31, 2013 our outstanding loans receivable aging was as follows:
	June 30, 2014
		Payday		Installment		Pawn & Title		Total
	Current	$	4,008,906	$	324,171	$	280,352	$	4,613,429
	30-Jan		189,868		46,345		-		236,213
	31-60		139,161		22,068		-		161,229
	61-90		132,429		11,758		-		144,187
	91-120		156,518		7,283		-		163,801
	121-150		223,745		6,021		-		229,766
	151-180		267,842		5,862		-		273,704
			5,118,469		423,508		280,352		5,822,329
	Allowance for losses		-905,000		-63,000		-		-968,000
		$	4,213,469	$	360,508	$	280,352	$	4,854,329
	December 31, 2013
		Payday		Installment		Pawn & Title		Total
	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)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2014 and 2013 is as follows:
		Six Months Ended
		June 30,
		2014		2013
	Loans receivable allowance, beginning of period	$	1,215,000	$	1,191,000
	Provision for loan losses charged to expense		753,568		745,191
	Charge-offs, net		-1,000,568		-980,191
	Loans receivable allowance, end of period	$	968,000	$	956,000

Notes_Payable_Long_Term_Tables

Notes Payable - Long Term (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	The Company’s long-term debt is as follows:
		June 30, 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.	$	2,000,000	$	2,750,000
	Total		2,000,000		2,750,000
	Less current maturities		-2,000,000		-2,750,000
		$	-	$	-

Other_Expense_Tables

Other Expense (Tables)	6 Months Ended
	Jun. 30, 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				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Store expenses
	Bank fees	$	107,185	$	99,373	$	219,678	$	206,316
	Collection costs		98,462		126,182		221,983		237,915
	Repairs & maintenance		83,880		48,160		199,459		113,414
	Supplies		188,111		88,281		311,414		162,761
	Telephone		51,881		39,534		103,233		79,115
	Utilities and network lines		223,680		177,205		464,008		378,050
	Other		413,804		272,631		815,323		584,546
		$	1,167,003	$	851,366	$	2,335,098	$	1,762,117
	General & administrative expenses
	Professional fees	$	80,473	$	76,258	$	212,992	$	191,361
	Management and consulting fees		126,163		111,822		237,985		219,509
	Other		122,457		69,750		280,751		129,477
		$	329,093	$	257,830	$	731,728	$	540,347

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	Segment information related to the three and six months ended June 30, 2014 and 2013 is set forth below:
		Three Months Ended						Three Months Ended
		June 30, 2014						June 30, 2013
		Consumer		Cellular		Total		Consumer		Cellular		Total
		Finance		Retail				Finance		Retail
	Revenues from external customers	$	2,972,941	$	4,658,452	$	7,631,393	$	2,924,470	$	4,173,637	$	7,098,107
	Net income (loss)	$	286,584	$	-204,142	$	82,442	$	277,740	$	58,437	$	336,177
		Six Months Ended						Six Months Ended
		June 30, 2014						June 30, 2013
										Cellular
		Consumer		Cellular		Total		Consumer		Retail		Total
		Finance		Retail				Finance
	Revenues from external customers	$	6,139,572	$	11,112,985	$	17,252,557	$	5,981,758	$	9,205,435	$	15,187,193
	Net income (loss)	$	639,381	$	-68,106	$	571,275	$	688,080	$	139,373	$	827,453
	Total segment assets	$	15,767,875	$	8,568,244	$	24,336,119	$	15,634,372	$	7,433,666	$	23,068,038

Basis_of_Presentation_Nature_o2

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)	1 Months Ended	6 Months Ended
	30-May-14	Jun. 30, 2014	Dec. 31, 2013
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'	'	'
Approximate Cashing Fees Percentage	'	2.50%	'
Common Stock, Shares, Outstanding	3,010,887	3,010,887	3,010,887
Stockholders' Equity, Reverse Stock Split	'12,500,000	'	'
Common Stock, Shares Authorized	20	12,500,000	12,500,000
Common Stock, Shares, Issued	3,010,887	3,010,887	3,010,887
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	'	48	'
Payday/Pawn Store [Member]	'	'	'
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]	'	'	'
Number of Stores	'	2	'
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	'	58	'

Risks_Inherent_in_the_Operatin2

Risks Inherent in the Operating Environment (Details) (Geographic Concentration Risk [Member])	6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013
Consumer Finance Division [Member] | Nebraska [Member]	'		'
Concentration Risk [Line Items]	'		'
Consumer Finance Division, Revenues By State, Percentage	29.00%		29.00%
Consumer Finance Division [Member] | North Dakota [Member]	'		'
Concentration Risk [Line Items]	'		'
Consumer Finance Division, Revenues By State, Percentage	18.00%		19.00%
Consumer Finance Division [Member] | Wyoming [Member]	'		'
Concentration Risk [Line Items]	'		'
Consumer Finance Division, Revenues By State, Percentage	14.00%		15.00%
Consumer Finance Division [Member] | Iowa [Member]	'		'
Concentration Risk [Line Items]	'		'
Consumer Finance Division, Revenues By State, Percentage	14.00%		11.00%
Cellular Retail Division [Member] | Nebraska [Member]	'		'
Concentration Risk [Line Items]	'		'
Cellular Retail Division, Revenues By State, Percentage	29.00%		26.00%
Cellular Retail Division [Member] | Colorado [Member]	'		'
Concentration Risk [Line Items]	'		'
Cellular Retail Division, Revenues By State, Percentage	17.00%		'	[1]
Cellular Retail Division [Member] | Missouri [Member]	'		'
Concentration Risk [Line Items]	'		'
Cellular Retail Division, Revenues By State, Percentage	10.00%		'	[1]
Cellular Retail Division [Member] | Texas [Member]	'		'
Concentration Risk [Line Items]	'		'
Cellular Retail Division, Revenues By State, Percentage	'	[1]	13.00%
[1]	Less than 10%

Loans_Receivable_Details

Loans Receivable (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	$5,822,329	$6,653,202	'	'
Allowance for losses	-968,000	-1,215,000	-956,000	-1,191,000
Outstanding loans receivable, Net	4,854,329	5,438,202	'	'
Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	5,118,469	5,835,997	'	'
Allowance for losses	-905,000	-1,120,000	'	'
Outstanding loans receivable, Net	4,213,469	4,715,997	'	'
Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	423,508	528,417	'	'
Allowance for losses	-63,000	-95,000	'	'
Outstanding loans receivable, Net	360,508	433,417	'	'
Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	280,352	288,788	'	'
Allowance for losses	0	0	'	'
Outstanding loans receivable, Net	280,352	288,788	'	'
Current [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	4,613,429	5,217,409	'	'
Current [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	4,008,906	4,519,839	'	'
Current [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	324,171	408,782	'	'
Current [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	280,352	288,788	'	'
Delinquent 1 to 30 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	236,213	328,774	'	'
Delinquent 1 to 30 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	189,868	271,967	'	'
Delinquent 1 to 30 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	46,345	56,807	'	'
Delinquent 1 to 30 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 31 to 60 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	161,229	233,309	'	'
Delinquent 31 to 60 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	139,161	202,097	'	'
Delinquent 31 to 60 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	22,068	31,212	'	'
Delinquent 31 to 60 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 61 to 90 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	144,187	234,439	'	'
Delinquent 61 to 90 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	132,429	217,154	'	'
Delinquent 61 to 90 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	11,758	17,285	'	'
Delinquent 61 to 90 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 91 to 120 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	163,801	215,545	'	'
Delinquent 91 to 120 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	156,518	206,885	'	'
Delinquent 91 to 120 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	7,283	8,660	'	'
Delinquent 91 to 120 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 121 to 150 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	229,766	202,099	'	'
Delinquent 121 to 150 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	223,745	199,253	'	'
Delinquent 121 to 150 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	6,021	2,846	'	'
Delinquent 121 to 150 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	0	0	'	'
Delinquent 151 to 180 Days [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	273,704	221,627	'	'
Delinquent 151 to 180 Days [Member] | Payday [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	267,842	218,802	'	'
Delinquent 151 to 180 Days [Member] | Installment [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	5,862	2,825	'	'
Delinquent 151 to 180 Days [Member] | Pawn & Title [Member]	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Outstanding loans receivable, Gross	$0	$0	'	'

Loans_Receivable_Allowance_Det

Loans Receivable Allowance (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable allowance, beginning of period	$1,215,000	$1,191,000
Provision for loan losses charged to expense	753,568	745,191
Charge-offs, net	-1,000,568	-980,191
Loans receivable allowance, end of period	$968,000	$956,000

Loans_Receivable_Allowance_Det1

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

Notes_Payable_Long_Term_Detail

Notes Payable - Long Term (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Notes Payable	$2,000,000	$2,750,000
Less current maturities	-2,000,000	-2,750,000
Notes Payable, Noncurrent	0	0
Note Payable to River City Equity [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes Payable	$2,000,000	$2,750,000

Notes_Payable_Long_Term_Detail1

Notes Payable - Long Term (Details Textual) (Note Payable to River City Equity [Member], USD $)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Store expenses	'	'	'	'
Bank fees	$107,185	$99,373	$219,678	$206,316
Collection costs	98,462	126,182	221,983	237,915
Repairs & maintenance	83,880	48,160	199,459	113,414
Supplies	188,111	88,281	311,414	162,761
Telephone	51,881	39,534	103,233	79,115
Utilities and network lines	223,680	177,205	464,008	378,050
Other	413,804	272,631	815,323	584,546
Total Store expenses	1,167,003	851,366	2,335,098	1,762,117
General & administrative expenses	'	'	'	'
Professional fees	80,473	76,258	212,992	191,361
Management and consulting fees	126,163	111,822	237,985	219,509
Other	122,457	69,750	280,751	129,477
Total General & administrative expenses	$329,093	$257,830	$731,728	$540,347

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues from external customers	$7,631,393	$7,098,107	$17,252,557	$15,187,193	'
Net income (loss)	82,442	336,177	571,275	827,453	'
Total segment assets	24,336,119	23,068,038	24,336,119	23,068,038	24,439,085
Consumer Finance [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues from external customers	2,972,941	2,924,470	6,139,572	5,981,758	'
Net income (loss)	286,584	277,740	639,381	688,080	'
Total segment assets	15,767,875	15,634,372	15,767,875	15,634,372	'
Cellular Retail [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues from external customers	4,658,452	4,173,637	11,112,985	9,205,435	'
Net income (loss)	-204,142	58,437	-68,106	139,373	'
Total segment assets	$8,568,244	$7,433,666	$8,568,244	$7,433,666	'