Western Capital Resources (WCRS) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	14-May-15
Document Information [Line Items]
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	1363958
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	WCRS
Entity Common Stock, Shares Outstanding		5,997,588
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$3,336,043	$4,273,350
Loans receivable (less allowance for losses of $1,065,000 and $1,219,000, respectively)	4,103,737	5,331,266
Accounts receivable (less allowance for losses of $95,000 and $59,405, respectively)	1,234,393	1,135,127
Inventory	2,291,000	2,340,824
Prepaid expenses and other	1,392,767	1,435,918
Deferred income taxes	607,000	644,000
TOTAL CURRENT ASSETS	12,964,940	15,160,485
PROPERTY AND EQUIPMENT, net	1,220,274	1,197,710
GOODWILL	13,178,868	12,956,868
INTANGIBLE ASSETS, net	7,356,953	7,248,793
OTHER	382,020	198,408
TOTAL ASSETS	35,103,055	36,762,264
CURRENT LIABILITIES
Accounts payable and accrued liabilities	5,463,318	6,025,920
Income taxes payable	131,003	755,615
Current portion notes payable	2,500,000	3,500,000
Current portion capital lease obligations	37,246	42,240
Deferred revenue and other	645,246	638,068
TOTAL CURRENT LIABILITIES	8,776,813	10,961,843
LONG-TERM LIABILITIES
Notes payable, net of current portion	1,250,000	1,625,000
Capital lease obligations, net of current portion	25,678	31,481
Deferred income taxes	4,003,000	3,939,000
Other	118,702	114,514
TOTAL LONG-TERM LIABILITIES	5,397,380	5,709,995
TOTAL LIABILITIES	14,174,193	16,671,838
COMMITMENTS AND CONTINGENCIES (Note 11)
WESTERN SHAREHOLDERS’ EQUITY
Common stock, no par value, 12,500,000 shares authorized, 5,997,588 issued and outstanding.	0	0
Additional paid-in capital	22,703,745	22,703,745
Accumulated deficit	-1,785,633	-2,621,692
TOTAL WESTERN SHAREHOLDERS’ EQUITY	20,918,112	20,082,053
NONCONTROLLING INTERESTS	10,750	8,373
TOTAL EQUITY	20,928,862	20,090,426
TOTAL LIABILITIES AND EQUITY	$35,103,055	$36,762,264

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
Allowance For Accounts Notes And Loans Receivable Current	$1,065,000	$1,219,000
Allowance for Doubtful Accounts Receivable, Current	$95,000	$59,405
Common Stock, Par or Stated Value Per Share	$0	$0
Common stock, shares authorized	12,500,000	12,500,000
Common stock, shares issued	5,997,588	5,997,588
Common stock, shares outstanding	5,997,588	5,997,588

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
REVENUES
Retail sales and associated fees	$7,505,748	$5,877,792
Financing fees and interest	2,585,394	2,711,810
Royalty and franchise fees, net	2,705,157	0
Other revenue	1,645,532	1,031,562
TOTAL REVENUES	14,441,831	9,621,164
COST OF REVENUES
Cost of goods sold	4,508,255	3,575,827
Provisions for loans receivable losses	326,210	336,863
Other	195,678	0
Total Costs of Revenues	5,030,143	3,912,690
GROSS PROFIT	9,411,688	5,708,474
OPERATING EXPENSES
Salaries, wages and benefits	4,216,114	2,557,771
Occupancy	1,307,229	1,148,560
Advertising and development	256,495	87,533
Depreciation	104,082	86,562
Amortization	103,840	24,758
Other	1,941,221	946,283
OPERATING EXPENSES	7,928,981	4,851,467
OPERATING INCOME	1,482,707	857,007
OTHER INCOME (EXPENSES):
Interest income	1,354	0
Interest expense	-105,975	-80,174
Other Income (Expenses)	-104,621	-80,174
INCOME BEFORE INCOME TAXES	1,378,086	776,833
INCOME TAX EXPENSE	539,650	288,000
NET INCOME	838,436	488,833
Less net income attributable to noncontrolling interests	-2,377	0
NET INCOME ATTRIBUTABLE TO WESTERN SHAREHOLDERS	$836,059	$488,833
EARNINGS PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
Basic and diluted (in dollars per share)	$0.14	$0.16
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	5,997,588	3,011,008

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES
Net Income	$838,436	$488,833
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	104,082	86,562
Amortization	103,840	24,758
Deferred income taxes	101,000	162,000
Changes in operating assets and liabilities:
Loans receivable	1,227,529	1,240,990
Accounts receivable	-99,266	0
Inventory	49,824	29,527
Prepaid expenses and other assets	-190,461	-277,714
Accounts payable and accrued liabilities	-1,187,214	-185,005
Deferred revenue and other current liabilities	7,178	0
Accrued liabilities and other	4,188	-62,731
Net cash provided by operating activities	959,136	1,507,220
INVESTING ACTIVITIES
Purchase of property and equipment	-70,646	-113,688
Acquisition of stores	-440,000	0
Net cash used by investing activities	-510,646	-113,688
FINANCING ACTIVITIES
Payments on notes payable - long-term	-1,375,000	-1,050,000
Payments on capital leases	-10,797	0
Net cash used by financing activities	-1,385,797	-1,050,000
NET (DECREASE) INCREASE IN CASH	-937,307	343,532
CASH
Beginning of period	4,273,350	1,983,835
End of period	3,336,043	2,327,367
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	1,133,458	6,831
Interest paid	114,523	105,966
Noncash investing and financing activities:
Deposit applied to purchase of intangibles	$50,000	$0

Basis_of_Presentation_Nature_o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
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, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
	For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2014. The condensed consolidated balance sheet at December 31, 2014, 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
	References in these financial statements notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such as “PQH” or “AGI,” are references only to those companies. Western Capital Resources, Inc. (“WCR”) is a holding company owning operating subsidiaries, with the percentage of each operating subsidiary owned shown parenthetically, as summarized below.
		⋅	Franchise
		o	AlphaGraphics, Inc. (AGI) (99.2% – acquired October 1, 2014) – franchisor of 245 domestic and 32 international AlphaGraphics Business Centers specializing in the planning, production, and management of visual communications for businesses and individuals throughout the world.
		⋅	Cellular Retail
		o	PQH Wireless, Inc. (PQH) (100%) – owns and operates cellular retail stores (68 as of March 31, 2015) as an exclusive dealer of the Cricket brand, in 15 states—Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas, Washington, and Wisconsin.
		⋅	Consumer Finance
		o	Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates “payday” stores (50 as of March 31, 2015) in nine states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, Utah, Wisconsin and Wyoming) providing sub-prime short-term uncollateralized non-recourse “cash advance” or “payday” loans typically ranging from $100 to $500 with a maturity of generally two to four weeks, sub-prime short-term uncollateralized non-recourse installment loans typically ranging from $300 to $800 with a maturity of six months, check cashing and other money services to individuals.
		o	Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of March 31, 2015) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers.
	Basis of Consolidation
	The consolidated financial statements include the accounts of the WCR, its wholly owned subsidiaries and other entities in which the Company owns a controlling financial interest. For financial interests in which the Company owns a controlling financial interest, the Company applies the guidance of ASC 810 applicable to reporting the equity and net income or loss attributable to noncontrolling interests. All significant intercompany balances and transactions of the Company have been eliminated in consolidation.
	Use of Estimates
	The preparation of 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 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 notes and loans receivable allowance, carrying value and impairment of long-lived goodwill and intangible assets, inventory valuation and obsolescence, estimated useful lives of property and equipment, and deferred taxes and tax uncertainties.
	Combination (Reverse Split) of Common Stock
	On May 30, 2014, the Company’s Board of Directors approved a 1-for-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 3,010,765 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 period. Diluted earnings per share gives effect to all dilutive potential common shares outstanding during the period, including stock options, using the treasury stock method.  Options to purchase 65,000 shares granted under the 2015 Stock Incentive Plan effective February 6, 2015 (see Note 12) were outstanding at March 31, 2015. These options have a strike price in excess of the market price as of March 31, 2015, were antidilutive and therefore were not included in the computation of  diluted earnings per share. Thus, there were no dilutive common shares as of March 31, 2015 and 2014.
	Segment Reporting
	The Company has grouped its operations into four segments – Franchise segment, Cellular Retail segment, Consumer Finance segment and Acquisitions and Corporate Management. The Franchise segment specializes in the planning, production, and management of visual communications for businesses and individuals. The Cellular Retail segment is an authorized Cricket premier dealer selling cellular phones and accessories, providing ancillary services and accepting service payments from customers. The Consumer Finance segment provides financial and ancillary services and also sells used merchandise at retail pawn stores. The Acquisitions and Management segment is Company activities related to acquisitions and subsequent management and oversight of acquired businesses.
	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, 2015.
	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, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	2	Risks Inherent in the Operating Environment –
	Regulatory
	The Company’s Consumer Finance segment activities are highly regulated under numerous local, state, and federal laws, regulations and rules, which are subject to change. New laws, regulations or rules could be enacted or issued, interpretations of existing laws, regulations or rules may change and enforcement action by regulatory agencies may intensify. Over the past several years, consumer advocacy groups and certain media reports have advocated governmental and regulatory action to prohibit or severely restrict sub-prime lending activities of the kind conducted by the Company. The federal Consumer Financial Protection Bureau has indicated that it will use its authority to further regulate the payday industry.
	Any adverse change in present local, state, and federal laws or regulations that govern or otherwise affect lending could result in the Company’s curtailment or cessation of operations in certain or all jurisdictions or locations. Furthermore, any failure to comply with any applicable local, state or 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 the Company’s results of operations and financial condition, primarily through a decrease in revenues resulting from the cessation or curtailment of operations, decrease in operating income through increased legal expenditures or fines, and could also negatively affect the Company’s general business prospects if the Company is unable to effectively replace such revenues in a timely and efficient manner or if negative publicity effects its ability to obtain additional financing as needed.
	In addition, the passage of federal or state laws and regulations or changes in interpretations of them 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 and its financial condition and prospects.

Loans_Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3.         Loans Receivable –
	At March 31, 2015 and December 31, 2014, the Company’s outstanding loans receivable aging was as follows:
	March 31, 2015
		Payday		Installment		Pawn & Title		Total
	Current	$	3,406,951	$	224,884	$	282,940	$	3,914,775
	30-Jan		197,788		36,010		-		233,798
	31-60		179,195		25,378		-		204,573
	61-90		211,297		13,924		-		225,221
	91-120		198,151		5,801		-		203,952
	121-150		178,516		2,046		-		180,562
	151-180		203,465		2,391		-		205,856
			4,575,363		310,434		282,940		5,168,737
	Less Allowance		-988,000		-77,000		-		-1,065,000
		$	3,587,363	$	233,434	$	282,940	$	4,103,737
	December 31, 2014
		Payday		Installment		Pawn & Title		Total
	Current	$	4,387,393	$	321,634	$	372,805	$	5,081,832
	30-Jan		305,382		47,321		-		352,703
	31-60		223,465		24,791		-		248,256
	61-90		236,072		11,799		-		247,871
	91-120		206,705		5,438		-		212,143
	121-150		200,101		1,984		-		202,085
	151-180		204,804		572		-		205,376
			5,763,922		413,539		372,805		6,550,266
	Less Allowance		-1,147,000		-72,000		-		-1,219,000
		$	4,616,922	$	341,539	$	372,805	$	5,331,266

Loans_Receivable_Allowance

Loans Receivable Allowance	3 Months Ended
	Mar. 31, 2015
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 – 82%; 91 to 120 days – 88%; and 121 to 180 days – 91%.
	A roll forward of the Company’s loans receivable allowance is as follows:
		Three Months Ended		Year Ended
		March 31, 2015		December 31, 2014
	Loans receivable allowance, beginning of period	$	1,219,000	$	1,215,000
	Provision for loan losses charged to expense		326,210		1,817,822
	Charge-offs, net		-480,210		-1,813,822
	Loans receivable allowance, end of period	$	1,065,000	$	1,219,000

Intangible_Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	5.      Intangible Assets –
	Intangible assets consisted of the follows:
		March 31, 2015		December 31, 2014
	Amortizable Intangible Assets:
	Customer relationships	$	5,136,912	$	4,924,912
	Acquired franchisee agreements		5,227,112		5,227,112
	Amortizable Intangible Assets, net		10,364,024		10,152,024
	Less accumulated amortization		-5,789,363		-5,685,523
	Net Amortizable Intangible Assets		4,574,661		4,466,501
	Non-amortizable Trademarks		2,782,292		2,782,292
	Intangible Assets, net	$	7,356,953	$	7,248,793

Other_Noncurrent_Asset

Other Noncurrent Asset	3 Months Ended
	Mar. 31, 2015
Other Assets, Noncurrent Disclosure [Abstract]
Other Assets Disclosure [Text Block]		6	Other Noncurrent Asset –
	Other Non-Current Assets include $162,000 for a note receivable. Our agreement with the borrower includes an approximate 50% forgiveness of principal if, among other terms and conditions, required payments under the agreement are received. The agreement provides for monthly payments of principal over a 5 year term.

Deferred_Revenue_and_Other_Lia

Deferred Revenue and Other Liabilities	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue Disclosure [Text Block]	7.        Deferred Revenue and Other Liabilities –
	Deferred revenue and other liabilities consisted of the following:
		March 31, 2015		December 31, 2014
	Deferred financing fees	$	223,646	$	284,231
	Deferred franchise fees		321,600		281,837
	Other		100,000		72,000
	Total	$	645,246	$	638,068

Notes_Payable_Long_Term

Notes Payable - Long Term	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	8.        Notes Payable – Long Term –
		March 31, 2015		December 31, 2014
	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, excluding any equity interest in AGI	$	1,000,000	$	2,000,000
	Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5% (5.75% as of March 31, 2015), secured by the AGI’s assets, maturing June 2017		2,750,000		3,125,000
	Total		3,750,000		5,125,000
	Less current maturities		-2,500,000		-3,500,000
		$	1,250,000	$	1,625,000
	The Company’s term note payable with a financial institution includes certain financial covenants. Management has determined that the Company was in compliance with these financial covenants as of March 31, 2015.
	As part of the lending agreement, AGI may draw on a $1,000,000 line of credit (LOC). The LOC bears interest at the greater of (a) the prime rate plus 2.50% or (b) the LIBOR rate plus 5.50%. The LOC matures on August 30, 2017. There was no activity on this LOC during the period ended March 31, 2015 and there was no balance outstanding as of March 31, 2015.

Other_Expense

Other Expense	3 Months Ended
	Mar. 31, 2015
Other Expense [Abstract]
Other Expense [Text Block]	9.        Other Expense –
	A breakout of other expense is as follows:
		For the Three Months Ended March 31,
		2015		2014
	Bank fees	$	149,523	$	112,493
	Collection costs		111,319		123,521
	Insurance		82,795		47,453
	Management and consulting fees		149,502		111,822
	Professional fees		406,032		184,565
	Supplies		170,514		132,150
	Other		871,536		234,279
		$	1,941,221	$	946,283

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	10.       Segment Information –
	The Company has grouped its operations into four segments in 2015 and three segments in 2014 – Franchise (acquired October 1, 2014, Cellular Retail, Consumer Finance, and Acquisitions and Management (beginning January 1, 2015).   The Franchise segment offers franchise ownership opportunities for customized marketing solutions. The Cellular Retail segment is a dealer for Cricket Wireless selling cellular phones and accessories, ancillary services and serving as a payment center for customers. The Consumer Finance segment provides financial and ancillary services and also sells used merchandise at retail pawn stores. The Acquisitions and Management segment is Company activities related to acquisitions and subsequent management and oversight of acquired businesses.
	Segment information related to the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31, 2015
		Franchise		Cellular Retail		Consumer Finance		Acquisition and		Total
								Management
	Revenues from external customers	$	3,195,661	$	8,152,158	$	3,094,012	$	-	$	14,441,831
	Net income (loss)	$	299,079	$	326,632	$	285,781	$	-73,056	$	838,436
	Total segment assets	$	10,044,892	$	9,528,244	$	15,529,919	$	-	$	35,103,055
		For the Three Months Ended March 31, 2014
		Franchise		Cellular Retail		Consumer Finance		Acquisition and		Total
								Management
	Revenues from external customers	$	-	$	6,454,533	$	3,166,631	$	-	$	9,621,164
	Net income (loss)	$	-	$	136,036	$	352,797	$	-	$	488,833
	Total segment assets	$	-	$	8,745,855	$	14,969,327	$	-	$	23,715,182

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	11	Commitments and Contingencies –
	Employment Agreements
	Effective February 9, 2015, the Company entered into a three-year employment agreement with Mr. Angel Donchev. Under the agreement, Mr. Donchev will serve as the Company’s “Chief Investment Officer” charged with managing the Company’s acquisition strategy and acquisition efforts. In that role, Mr. Donchev will earn a base salary of $235,000, and be eligible for a discretionary annual performance-based cash bonus targeted at $200,000. The employment agreement also contains other customary terms and conditions respecting company property, confidential information, early termination for cause, and early termination without cause, by either party, upon at least 30 days prior written notice.
	The Company retained Mr. Donchev, who has significant experience in evaluating, negotiating and managing acquisition transactions, as part of its strategy to grow profitability through the acquisition of established companies, as well as diversify the industries and geographies in which its subsidiary holdings operate.
	In connection with the employment agreement, the Company granted Mr. Donchev a stock option providing him with the ten-year right to purchase up to 65,000 shares of the Company’s common stock at an exercise price of $6.00 per share. The option vests in three annual and near-equal installments on each of February 8, 2016, 2017 and 2018. The stock option grant is evidenced by a stock option agreement entered into effective February 9, 2015. The option granted to Mr. Donchev was issued under the Company’s new 2015 Stock Incentive Plan approved by the Board of Directors effective February 6, 2015.
	On April 11, 2013, the Company entered into an Amended and Restated Employment Agreement with its Chief Executive Officer, Mr. John Quandahl. The amended and restated agreement has a term of three years and contains, among other terms and conditions, for a provision for an annual performance-based cash bonus pool for management. Pursuant to the management bonus plan, management bonuses of approximately $95,000 and $58,000 were accrued as of and for the three months ended March 31, 2015 and 2014, respectively.
	The Company has also entered into several employment agreements with certain members of subsidiary management. The terms of each agreement are different. However, one or all of these agreements include stipulated base salary and bonus potential. Pursuant to the agreements, bonuses of approximately $87,000 were accrued for the three months ended March 31, 2015.

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	12	Shareholders’ Equity –
	2015 Stock Incentive Plan
	The Board of Directors adopted the Company’s new 2015 Stock Incentive Plan effective February 6, 2015. The plan replaces the Company’s earlier adopted 2008 Stock Incentive Plan, which the board terminated effective February 6, 2015. There were no incentives issued or outstanding under the terminated plan.
	The Board of Directors, or a committee of the board, will administer the 2015 Stock Incentive Plan and will have complete authority to award incentives, to interpret the plan and to make any other determination which it believes necessary and advisable for the proper administration of the plan. A total of 100,000 shares of common stock were reserved in connection with the adoption of the 2015 Stock Incentive Plan.
	The new plan permits the granting of incentives in any one or a combination of the following forms:
		Ÿ	stock options, including options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended, as “qualified” or “incentive” stock options;
		Ÿ	stock appreciation rights (often referred to as “SARs”) payable in shares of common stock;
		Ÿ	restricted stock and restricted stock units;
		Ÿ	performance awards of cash, stock or property; and
		Ÿ	stock awards.
	The following table summarizes nonnvested stock option awards outstanding at March 31, 2015 and the changes for the three months then ended:
		Number of Shares			Exercise Price
	Outstanding and nonvested at December 31, 2014			-	$	-
	Granted			65,000		6
	Vested			-		-
	Forfeited			-		-
	Outstanding and nonvested at March 31, 2015			65,000	$	6
	The option vests in three annual and near-equal installments on each of February 8, 2016, 2017 and 2018 and have a contract life of 10 years. There were no vested options at March 31, 2015 and thus no intrinsic value in outstanding vested options at March 31, 2015.
	The Company accounts for its employee stock-based compensation plans using the fair value method. The fair value method requires the Company to estimate the grant-date fair value of its stock-based awards and amortize this fair value to compensation expense over the requisite service period or vesting term.
	The Company uses the Black-Scholes option-pricing model to estimate the fair value of the Company’s stock option awards. The determination of the fair value of stock-based payment awards on the date of grant using an option-pricing model is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include the expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, the risk-free interest rate and expected dividends. Due to the inherent limitations of option-valuation models, future events that are unpredictable and the estimation process utilized in determining the valuation of the stock-based awards, the ultimate value realized by award holders may vary significantly from the amounts expensed in the Company’s financial statements. As of March 31, 2015, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $196,000, which is expected to be recognized over a weighted average period of approximately 2.9 years.
	Stock-based compensation expense is recognized net of estimated forfeitures such that expense is recognized only for those stock-based awards that are expected to vest. A forfeiture rate is estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimate

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]		13	Subsequent Events –
	Effective May 1, 2015 the Company entered into a professional services agreement for approximately $185,000. We evaluated all events or transactions that occurred after March 31, 2015 up through May 14, 2014, the date we issued these financial statements. During this period we did not have any other 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, 2015
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, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
	For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2014. The condensed consolidated balance sheet at December 31, 2014, 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
	References in these financial statements notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such as “PQH” or “AGI,” are references only to those companies. Western Capital Resources, Inc. (“WCR”) is a holding company owning operating subsidiaries, with the percentage of each operating subsidiary owned shown parenthetically, as summarized below.
		⋅	Franchise
		o	AlphaGraphics, Inc. (AGI) (99.2% – acquired October 1, 2014) – franchisor of 245 domestic and 32 international AlphaGraphics Business Centers specializing in the planning, production, and management of visual communications for businesses and individuals throughout the world.
		⋅	Cellular Retail
		o	PQH Wireless, Inc. (PQH) (100%) – owns and operates cellular retail stores (68 as of March 31, 2015) as an exclusive dealer of the Cricket brand, in 15 states—Arizona, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, Ohio, Oklahoma, Oregon, Texas, Washington, and Wisconsin.
		⋅	Consumer Finance
		o	Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates “payday” stores (50 as of March 31, 2015) in nine states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, Utah, Wisconsin and Wyoming) providing sub-prime short-term uncollateralized non-recourse “cash advance” or “payday” loans typically ranging from $100 to $500 with a maturity of generally two to four weeks, sub-prime short-term uncollateralized non-recourse installment loans typically ranging from $300 to $800 with a maturity of six months, check cashing and other money services to individuals.
		o	Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of March 31, 2015) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers.
Consolidation, Policy [Policy Text Block]	Basis of Consolidation
	The consolidated financial statements include the accounts of the WCR, its wholly owned subsidiaries and other entities in which the Company owns a controlling financial interest. For financial interests in which the Company owns a controlling financial interest, the Company applies the guidance of ASC 810 applicable to reporting the equity and net income or loss attributable to noncontrolling interests. All significant intercompany balances and transactions of the Company have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
	The preparation of 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 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 notes and loans receivable allowance, carrying value and impairment of long-lived goodwill and intangible assets, inventory valuation and obsolescence, estimated useful lives of property and equipment, and deferred taxes and tax uncertainties.
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-for-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 3,010,765 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.
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 period. Diluted earnings per share gives effect to all dilutive potential common shares outstanding during the period, including stock options, using the treasury stock method.  Options to purchase 65,000 shares granted under the 2015 Stock Incentive Plan effective February 6, 2015 (see Note 12) were outstanding at March 31, 2015. These options have a strike price in excess of the market price as of March 31, 2015, were antidilutive and therefore were not included in the computation of  diluted earnings per share. Thus, there were no dilutive common shares as of March 31, 2015 and 2014.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting
	The Company has grouped its operations into four segments – Franchise segment, Cellular Retail segment, Consumer Finance segment and Acquisitions and Corporate Management. The Franchise segment specializes in the planning, production, and management of visual communications for businesses and individuals. The Cellular Retail segment is an authorized Cricket premier dealer selling cellular phones and accessories, providing ancillary services and accepting service payments from customers. The Consumer Finance segment provides financial and ancillary services and also sells used merchandise at retail pawn stores. The Acquisitions and Management segment is Company activities related to acquisitions and subsequent management and oversight of acquired businesses.
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, 2015.
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.

Loans_Receivable_Tables

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	At March 31, 2015 and December 31, 2014, the Company’s outstanding loans receivable aging was as follows:
	March 31, 2015
		Payday		Installment		Pawn & Title		Total
	Current	$	3,406,951	$	224,884	$	282,940	$	3,914,775
	30-Jan		197,788		36,010		-		233,798
	31-60		179,195		25,378		-		204,573
	61-90		211,297		13,924		-		225,221
	91-120		198,151		5,801		-		203,952
	121-150		178,516		2,046		-		180,562
	151-180		203,465		2,391		-		205,856
			4,575,363		310,434		282,940		5,168,737
	Less Allowance		-988,000		-77,000		-		-1,065,000
		$	3,587,363	$	233,434	$	282,940	$	4,103,737
	December 31, 2014
		Payday		Installment		Pawn & Title		Total
	Current	$	4,387,393	$	321,634	$	372,805	$	5,081,832
	30-Jan		305,382		47,321		-		352,703
	31-60		223,465		24,791		-		248,256
	61-90		236,072		11,799		-		247,871
	91-120		206,705		5,438		-		212,143
	121-150		200,101		1,984		-		202,085
	151-180		204,804		572		-		205,376
			5,763,922		413,539		372,805		6,550,266
	Less Allowance		-1,147,000		-72,000		-		-1,219,000
		$	4,616,922	$	341,539	$	372,805	$	5,331,266

Loans_Receivable_Allowance_Tab

Loans Receivable Allowance (Tables)	3 Months Ended
	Mar. 31, 2015
Provision for Loan and Lease Losses [Abstract]
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	A roll forward of the Company’s loans receivable allowance is as follows:
		Three Months Ended		Year Ended
		March 31, 2015		December 31, 2014
	Loans receivable allowance, beginning of period	$	1,219,000	$	1,215,000
	Provision for loan losses charged to expense		326,210		1,817,822
	Charge-offs, net		-480,210		-1,813,822
	Loans receivable allowance, end of period	$	1,065,000	$	1,219,000

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	Intangible assets consisted of the follows:
		March 31, 2015		December 31, 2014
	Amortizable Intangible Assets:
	Customer relationships	$	5,136,912	$	4,924,912
	Acquired franchisee agreements		5,227,112		5,227,112
	Amortizable Intangible Assets, net		10,364,024		10,152,024
	Less accumulated amortization		-5,789,363		-5,685,523
	Net Amortizable Intangible Assets		4,574,661		4,466,501
	Non-amortizable Trademarks		2,782,292		2,782,292
	Intangible Assets, net	$	7,356,953	$	7,248,793

Deferred_Revenue_and_Other_Lia1

Deferred Revenue and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	Deferred revenue and other liabilities consisted of the following:
		31-Mar-15		31-Dec-14
	Deferred financing fees	$	223,646	$	284,231
	Deferred franchise fees		321,600		281,837
	Other		100,000		72,000
	Total	$	645,246	$	638,068

Notes_Payable_Long_Term_Tables

Notes Payable - Long Term (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]
		March 31, 2015		December 31, 2014
	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, excluding any equity interest in AGI	$	1,000,000	$	2,000,000
	Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5% (5.75% as of March 31, 2015), secured by the AGI’s assets, maturing June 2017		2,750,000		3,125,000
	Total		3,750,000		5,125,000
	Less current maturities		-2,500,000		-3,500,000
		$	1,250,000	$	1,625,000

Other_Expense_Tables

Other Expense (Tables)	3 Months Ended
	Mar. 31, 2015
Other Expense [Abstract]
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	A breakout of other expense is as follows:
		For the Three Months Ended March 31,
		2015		2014
	Bank fees	$	149,523	$	112,493
	Collection costs		111,319		123,521
	Insurance		82,795		47,453
	Management and consulting fees		149,502		111,822
	Professional fees		406,032		184,565
	Supplies		170,514		132,150
	Other		871,536		234,279
		$	1,941,221	$	946,283

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment information related to the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31, 2015
		Franchise		Cellular Retail		Consumer Finance		Acquisition and Management		Total
	Revenues from external customers	$	3,195,661	$	8,152,158	$	3,094,012	$	-	$	14,441,831
	Net income (loss)	$	299,079	$	326,632	$	285,781	$	-73,056	$	838,436
	Total segment assets	$	10,044,892	$	9,528,244	$	15,529,919	$	-	$	35,103,055
		For the Three Months Ended March 31, 2014
		Franchise		Cellular Retail		Consumer Finance		Acquisition and Management		Total
	Revenues from external customers	$	-	$	6,454,533	$	3,166,631	$	-	$	9,621,164
	Net income (loss)	$	-	$	136,036	$	352,797	$	-	$	488,833
	Total segment assets	$	-	$	8,745,855	$	14,969,327	$	-	$	23,715,182

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes nonnvested stock option awards outstanding at March 31, 2015 and the changes for the three months then ended:
		Number of Shares		Exercise Price
	Outstanding and nonvested at December 31, 2014		-	$	-
	Granted		65,000		6
	Vested		-		-
	Forfeited		-		-
	Outstanding and nonvested at March 31, 2015		65,000	$	6

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, 2015	Dec. 31, 2014	30-May-14
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Common Stock, Shares, Outstanding	5,997,588	5,997,588	3,010,765
Common Stock, Shares Authorized	12,500,000	12,500,000	12,500,000
Antidilutive 2015 Stock Options Granted [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	65,000
Cellular Retail Stores [Member] | PQH Wireless, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Number of Stores	68
Equity Method Investment, Ownership Percentage	100.00%
Number of States in which Entity Operates	15
Franchising [Member] | Alpha Graphics, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Number Of Domestic Business Centers	245
Number Of International Business Centers	32
Equity Method Investment, Ownership Percentage	99.20%
Business Acquisition, Effective Date of Acquisition	1-Oct-14
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Number of Stores	50
Equity Method Investment, Ownership Percentage	100.00%
Number of States in which Entity Operates	9
Consumer Finance [Member] | Express Pawn, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Number of Stores	3
Equity Method Investment, Ownership Percentage	100.00%
Consumer Finance [Member] | Installment [Member] | Minimum [Member] | Wyoming Financial Lenders, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Non-Recourse Debt	300
Consumer Finance [Member] | Installment [Member] | Maximum [Member] | Wyoming Financial Lenders, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Non-Recourse Debt	800
Consumer Finance [Member] | Payday [Member] | Minimum [Member] | Wyoming Financial Lenders, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Non-Recourse Debt	100
Consumer Finance [Member] | Payday [Member] | Maximum [Member] | Wyoming Financial Lenders, Inc. [Member]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies [Line Items]
Non-Recourse Debt	500

Loans_Receivable_Details

Loans Receivable (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$5,168,737	$6,550,266
Less Allowance	-1,065,000	-1,219,000
Notes, Loans and Financing Receivable, Net current	4,103,737	5,331,266
Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,575,363	5,763,922
Less Allowance	-988,000	-1,147,000
Notes, Loans and Financing Receivable, Net current	3,587,363	4,616,922
Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	310,434	413,539
Less Allowance	-77,000	-72,000
Notes, Loans and Financing Receivable, Net current	233,434	341,539
Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	282,940	372,805
Less Allowance	0	0
Notes, Loans and Financing Receivable, Net current	282,940	372,805
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,914,775	5,081,832
Current [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,406,951	4,387,393
Current [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	224,884	321,634
Current [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	282,940	372,805
Delinquent 1 to 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	233,798	352,703
Delinquent 1 to 30 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	197,788	305,382
Delinquent 1 to 30 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	36,010	47,321
Delinquent 1 to 30 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	0	0
Delinquent 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	204,573	248,256
Delinquent 31 to 60 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	179,195	223,465
Delinquent 31 to 60 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	25,378	24,791
Delinquent 31 to 60 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	0	0
Delinquent 61 to 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	225,221	247,871
Delinquent 61 to 90 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	211,297	236,072
Delinquent 61 to 90 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	13,924	11,799
Delinquent 61 to 90 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	0	0
Delinquent 91 to 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	203,952	212,143
Delinquent 91 to 120 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	198,151	206,705
Delinquent 91 to 120 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	5,801	5,438
Delinquent 91 to 120 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	0	0
Delinquent 121 to 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	180,562	202,085
Delinquent 121 to 150 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	178,516	200,101
Delinquent 121 to 150 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,046	1,984
Delinquent 121 to 150 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	0	0
Delinquent 151 to 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	205,856	205,376
Delinquent 151 to 180 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	203,465	204,804
Delinquent 151 to 180 Days [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,391	572
Delinquent 151 to 180 Days [Member] | Pawn & Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$0	$0

Loans_Receivable_Allowance_Det

Loans Receivable Allowance (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable allowance, beginning of period	$1,219,000	$1,215,000	$1,215,000
Provision for loan losses charged to expense	326,210	336,863	1,817,822
Charge-offs, net	-480,210		-1,813,822
Loans receivable allowance, end of period	$1,065,000		$1,219,000

Loans_Receivable_Allowance_Det1

Loans Receivable Allowance (Details Textual)	Mar. 31, 2015
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	82.00%
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%

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Amortizable Intangible Assets:
Customer relationships	$5,136,912	$4,924,912
Acquired franchisee agreements	5,227,112	5,227,112
Amortizable Intangible Assets, net	10,364,024	10,152,024
Less accumulated amortization	-5,789,363	-5,685,523
Net Amortizable Intangible Assets	4,574,661	4,466,501
Non-amortizable Trademarks	2,782,292	2,782,292
Intangible Assets, net	$7,356,953	$7,248,793

Other_Noncurrent_Asset_Details

Other Noncurrent Asset (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015
Other Noncurrent Asset [Line Items]
Percentage Of Forgiveness Of Principal	50.00%
Accounts and Notes Receivable, Net	$162,000
Term Of Note Receivable	5 years

Deferred_Revenue_and_Other_Lia2

Deferred Revenue and Other Liabilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred financing fees	$223,646	$284,231
Deferred franchise fees	321,600	281,837
Other	100,000	72,000
Total	$645,246	$638,068

Notes_Payable_Long_Term_Detail

Notes Payable - Long Term (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term Debt	$3,750,000	$5,125,000
Less current maturities	-2,500,000	-3,500,000
Notes Payable, Noncurrent	1,250,000	1,625,000
Note Payable to River City Equity [Member]
Debt Instrument [Line Items]
Long-term Debt	1,000,000	2,000,000
Note Payable to Financial Institution [Member]
Debt Instrument [Line Items]
Long-term Debt	$2,750,000	$3,125,000

Notes_Payable_Long_Term_Detail1

Notes Payable - Long Term (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015
Note Payable to River City Equity [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	12.00%
Debt Instrument, Maturity Date	30-Jun-15
Line of Credit Facility, Maximum Borrowing Capacity	$3,000,000
Note Payable to Financial Institution [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal	375,000
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Debt Instrument, Maturity Date, Description	Jun-17
Note Payable to Financial Institution [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.50%
AGI [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$1,000,000
Line of Credit Facility, Interest Rate Description	(a) the prime rate plus 2.50% or (b) the LIBOR rate plus 5.50%

Other_Expense_Details

Other Expense (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Other Cost and Expenses [Line Items]
Bank fees	$149,523	$112,493
Collection costs	111,319	123,521
Insurance	82,795	47,453
Management and consulting fees	149,502	111,822
Professional fees	406,032	184,565
Supplies	170,514	132,150
Other	871,536	234,279
Total General & administrative expenses	$1,941,221	$946,283

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues from external customers	$14,441,831	$9,621,164
Net income (loss)	838,436	488,833
Total segment assets	35,103,055	23,715,182	36,762,264
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	3,094,012	3,166,631
Net income (loss)	285,781	352,797
Total segment assets	15,529,919	14,969,327
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	8,152,158	6,454,533
Net income (loss)	326,632	136,036
Total segment assets	9,528,244	8,745,855
Franchise [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	3,195,661	0
Net income (loss)	299,079	0
Total segment assets	10,044,892	0
Acquisition and Management [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0
Net income (loss)	-73,056	0
Total segment assets	$0	$0

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Feb. 28, 2015	Mar. 31, 2014
Other Employment Agreement [Member]
Bonus Arrangement Current	$87,000
Mr.Angel Donchev [Member]
Minimum Period For Prior Notice To Termination Without Cause		30 days
Salaries Wages And Officers Compensation Declaration		235,000
Potential Bonus Arrangement Noncurrent		200,000
Mr.Angel Donchev [Member] | 2015 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		65,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$6
Mr. John Quandahl [Member]
Bonus Arrangement Current	$95,000		$58,000

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Number Of Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding and nonvested at December 31, 2014	0
Number of Shares, Granted	65,000
Number of Shares, Vested	0
Number of Shares, Forfeited	0
Number of Shares, Outstanding and nonvested at March 31, 2015	65,000
Exercise Price [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price, Outstanding and nonvested at December 31, 2014	0
Exercise Price, Granted	6
Exercise Price, Vested	0
Exercise Price, Forfeited	0
Exercise Price, Outstanding and nonvested at March 31, 2015	6

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Feb. 06, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$196,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 9 months
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
2015 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance		100,000

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	1-May-15
Subsequent Event [Member]
Subsequent Event [Line Items]
Contractual Obligation	$185,000