Western Capital Resources (WCRS) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 15, 2016
Document And Entity Information
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	1,363,958
Document Type	10-Q
Trading Symbol	WCRS
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,497,534
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 8,587,343	$ 7,847,669
Loans receivable (less allowance for losses of $893,000 and $1,177,000, respectively)	4,425,247	4,884,438
Accounts receivable (less allowance for losses of $176,000 and $272,000, respectively)	1,517,938	1,963,192
Inventory	7,237,559	7,617,850
Prepaid expenses and other	1,647,890	2,589,749
TOTAL CURRENT ASSETS	23,415,977	24,902,898
PROPERTY AND EQUIPMENT, net	9,415,746	8,561,321
GOODWILL	13,355,592	13,355,591
INTANGIBLE ASSETS, net	7,818,158	8,018,616
OTHER	752,579	783,907
TOTAL ASSETS	54,758,052	55,622,333
CURRENT LIABILITIES
Accounts payable	2,363,765	4,577,118
Accrued expenses and other liabilities	6,004,779	6,232,267
Income taxes payable	457,678	1,135,031
Current portion long-term debt	1,100,000	4,900,008
Current portion capital lease obligations	68,591	23,860
Deferred revenue and other	1,405,395	1,796,338
TOTAL CURRENT LIABILITIES	11,400,208	18,664,622
LONG-TERM LIABILITIES
Notes payable, net of current portion	5,513,123	3,096,452
Capital lease obligations, net of current portion	119,392	33,347
Deferred income taxes	4,202,000	3,889,000
Other	102,472	80,403
TOTAL LONG-TERM LIABILITIES	9,936,987	7,099,202
TOTAL LIABILITIES	21,337,195	25,763,824
COMMITMENTS AND CONTINGENCIES (Note 14)
WESTERN SHAREHOLDERS' EQUITY
Common stock, no par value, 12,500,000 shares authorized, 9,497,534 issued and outstanding.
Additional paid-in capital	28,969,559	28,934,392
Retained earnings	4,416,481	898,038
TOTAL WESTERN SHAREHOLDERS' EQUITY	33,386,040	29,832,430
NONCONTROLLING INTERESTS	34,817	26,079
TOTAL EQUITY	33,420,857	29,858,509
TOTAL LIABILITIES AND EQUITY	$ 54,758,052	$ 55,622,333

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Loans receivable, allowance (in dollars)	$ 893,000	$ 1,177,000
Accounts receivable, allowance (in dollars)	$ 176,000	$ 272,000
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, authorized	12,500,000	12,500,000
Common stock, issued	9,497,534	9,497,534
Common stock, outstanding	9,497,534	9,497,534

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
REVENUES
Sales and associated fees	$ 19,064,101	$ 6,129,520	$ 39,079,643	$ 13,635,268
Financing fees and interest	2,340,968	2,556,202	4,825,188	5,141,596
Royalty and franchise fees, net	2,595,614	2,454,752	5,390,370	5,079,809
Other revenue	3,171,743	1,735,579	6,312,511	3,381,111
Total Revenues	27,172,426	12,876,053	55,607,712	27,237,784
COST OF REVENUES
Cost of sales	9,377,949	3,496,283	19,815,834	8,004,538
Provisions for loans receivable losses	428,613	452,258	731,485	778,468
Other	603,667	256,662	1,157,081	529,840
Total Cost of Revenues	10,410,229	4,205,203	21,704,400	9,312,846
GROSS PROFIT	16,762,197	8,670,850	33,903,312	17,924,938
OPERATING EXPENSES
Salaries, wages and benefits	6,677,803	4,281,389	13,426,753	8,497,503
Occupancy	1,897,270	1,406,083	3,871,075	2,713,312
Advertising, marketing and development	2,266,522	191,832	4,217,531	370,827
Depreciation	295,157	106,610	571,749	210,692
Amortization	140,873	113,510	281,863	217,350
Other	2,511,751	1,612,593	5,250,977	3,473,710
Total Operating Expenses	13,789,376	7,712,017	27,619,948	15,483,394
OPERATING INCOME	2,972,821	958,833	6,283,364	2,441,544
OTHER INCOME (EXPENSES):
Interest income	957	716	2,009	2,070
Interest expense	(150,714)	(97,276)	(319,725)	(203,251)
Total Other Income (Expenses)	(149,757)	(96,560)	(317,716)	(201,181)
INCOME BEFORE INCOME TAXES	2,823,064	862,273	5,965,648	2,240,363
INCOME TAX EXPENSE	1,034,000	432,870	2,201,000	972,520
NET INCOME	1,789,064	429,403	3,764,648	1,267,843
Less net income attributable to noncontrolling interests	(4,553)	(3,610)	(8,738)	(5,987)
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 1,784,511	$ 425,793	$ 3,755,910	$ 1,261,856
EARNINGS PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
Basic and diluted (in dollars per share)	$ 0.19	$ 0.07	$ 0.4	$ 0.21
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	9,497,534	5,997,588	9,497,534	5,997,588

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net Income	$ 3,764,648	$ 1,267,843
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	571,749	210,692
Amortization	281,863	217,350
Share based compensation	35,167	46,317
Deferred income taxes	313,000	121,000
Loss on disposal of property and equipment	9,953
Changes in operating assets and liabilities:
Loans receivable	459,191	491,024
Accounts receivable	445,254	259,139
Inventory	380,291	(569,184)
Prepaid expenses and other assets	973,187	77,067
Accounts payable and accrued liabilities	(3,118,195)	(900,339)
Deferred revenue and other current liabilities	(390,943)	(18,225)
Accrued liabilities and other	22,069	(8,394)
Net cash provided by operating activities	3,747,234	1,194,290
INVESTING ACTIVITIES
Purchases of property and equipment	(929,291)	(291,656)
Acquisition of stores, net of cash acquired	(588,241)	(2,608,500)
Cash received through acquisitions		389,072
Net cash used by investing activities	(1,517,532)	(2,511,084)
FINANCING ACTIVITIES
Advances on note payable - long-term	418,301
Advances (payments) on notes payable - long-term, net	(1,801,638)	250,000
Advances (payments) on capital leases, net	130,776	(21,728)
Dividend paid	(237,467)
Net cash provided by (used in) financing activities	(1,490,028)	228,272
NET INCREASE (DECREASE) IN CASH	739,674	(1,088,522)
CASH
Beginning of period	7,847,669	4,273,350
End of period	8,587,343	3,184,828
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	1,490,444	1,408,494
Interest paid	451,271	194,703
Noncash investing and financing activities:
Deposit applied to purchase of intangibles		50,000
Long-term debt proceeds used to pay off debt and interest	3,021,699
Long-term debt proceeds used to pay prepaid financing costs	$ 60,000

Basis of Presentation, Nature o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	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 and six month period ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. For further information, refer to the Condensed Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2015. The condensed consolidated balance sheet at December 31, 2015, 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”) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below: • Franchise o AlphaGraphics, Inc. (“AGI”) (99.2%) – franchisor of 258 domestic and 25 international AlphaGraphics Business Centers which specialize in the planning, production and management of visual communications for businesses and individuals throughout the world. • Cellular Retail o PQH Wireless, Inc. and subsidiaries (“PQH”) (100%) – owns and operates 116 cellular retail stores as an exclusive dealer of the Cricket brand. • Direct to Consumer o J & P Park Acquisitions, Inc. (“JPPA”) (100% – Acquired July 1, 2015) – an online and direct marketing distribution retailer of live plants, seeds, holiday gifts and garden accessories selling its products under Park Seed, Jackson& Perkins, and Wayside Gardens brand names as well as a wholesaler under the Park Wholesale brand. o Restorers Acquisition, Inc. (“RAI”) (100% – Acquired July 1, 2015) – an online and direct marketing distribution retailer of home improvement and restoration products operating under Van Dyke’s Restorers. o J & P Real Estate, LLC (“JPRE”) (100% – Acquired July 1, 2015) – owns real estate utilized as JPPA’s distribution and warehouse facility and the corporate offices of JPPA and RAI. • Consumer Finance o Wyoming Financial Lenders, Inc. (“WFL”) (100%) – owns and operates 46 “payday” stores in eight states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, 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 three retail pawn stores in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. References in these financial statement notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such “AGI,” “PQH,” “JPPA,” “RAI,” “JPRE,” “WFL” or “EPI” are references only to those companies. Basis of Consolidation The consolidated financial statements include the accounts of 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 provisions 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 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 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, gift certificate and customer credits liability and deferred taxes and tax uncertainties. Reclassifications Certain Statements 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 and six months ended June 30, 2016. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP. This standard, including subsequent updates, is effective for annual and interim periods beginning after December 15, 2017. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The standard requires that deferred tax assets and liabilities be classified as noncurrent on the balance sheet rather than being separated into current and noncurrent. ASU 2015-17 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is permitted and the standard may be applied either retrospectively or on a prospective basis to all deferred tax assets and liabilities. The Company early adopted ASU 2015-17 during our first quarter of fiscal year 2016 on a retrospective basis. Accordingly, we reclassified the current deferred taxes to noncurrent on our December 31, 2015 Condensed Consolidated Balance Sheet, which decreased current deferred tax assets by $0.56 million and decreased noncurrent deferred tax liabilities by $0.56 million. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted and the standard is to be applied using a modified retrospectively approach. The Company is currently evaluating the impact that ASU 2016-02 will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years and the standard is to be applied using a modified retrospectively approach. The Company is currently evaluating the impact that ASU 2016-13 will have on our financial condition, results of operations and consolidated financial statements. No other accounting pronouncements issued or effective during the fiscal quarter have had or are expected to have a material impact on our condensed consolidated financial statements.

Risks Inherent in the Operating

Risks Inherent in the Operating Environment	6 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Risks Inherent in the Operating Environment	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 and has been actively enforcing existing regulations within its jurisdiction. Any adverse change in present local, state, and federal laws or regulations that govern or otherwise affect lending could result in the Consumer Finance segment’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 and segment’s results of operations and financial condition, and could also negatively affect the Company’s general business prospects due to lost or decreased operating income 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 Consumer Finance segment 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 the viability of the Consumer Finance segment.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Loans Receivable	3. Loans Receivable – At June 30, 2016 and December 31, 2015, the Consumer Finance segment’s outstanding loans receivable aging was as follows: June 30, 2016 Payday Installment Pawn & Title Total Current $ 3,703,331 $ 232,718 $ 296,759 $ 4,232,808 1-30 284,109 34,636 - 318,745 31-60 200,487 14,234 - 214,721 61-90 175,938 7,269 - 183,207 91-120 117,996 3,551 - 121,547 121-150 105,994 1,841 - 107,835 151-180 138,883 501 - 139,384 4,726,738 294,750 296,759 5,318,247 Less Allowance (838,000 ) (55,000 ) - (893,000 ) $ 3,888,738 $ 239,750 $ 296,759 $ 4,425,247 December 31, 2015 Payday Installment Pawn & Title Total Current $ 4,065,706 $ 291,947 $ 286,514 $ 4,644,167 1-30 332,217 43,179 - 375,396 31-60 263,486 24,233 - 287,719 61-90 199,526 16,293 - 215,819 91-120 196,123 9,417 - 205,540 121-150 160,386 4,985 - 165,371 151-180 165,237 2,189 - 167,426 5,382,681 392,243 286,514 6,061,438 Less Allowance (1,081,000 ) (96,000 ) - (1,177,000 ) $ 4,301,681 $ 296,243 $ 286,514 $ 4,884,438

Loans Receivable Allowance

Loans Receivable Allowance	6 Months Ended
	Jun. 30, 2016
Provision for Loan and Lease Losses [Abstract]
Loans Receivable Allowance	4. Loans Receivable Allowance – As a result of the Consumer Finance segment’s collection efforts, it historically writes off approximately 42% of 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 – 42%; 31 to 60 days – 64%; 61 to 90 days – 83%; 91 to 120 days – 88%; 121 to 150 days – 91%; and 151 + days – 92%. A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Six Months Ended June 30, 2016 Year Ended December 31, 2015 Loans receivable allowance, beginning of period $ 1,177,000 $ 1,219,000 Provision for loan losses charged to expense 731,485 1,904,893 Charge-offs, net (1,015,485 ) (1,946,893 ) Loans receivable allowance, end of period $ 893,000 $ 1,177,000

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Accounts Receivable	5. Accounts Receivable – A breakdown of accounts receivables by segment as of June 30, 2016 and December 31, 2015 are as follows: J une 30, 2016 Franchise Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 1,191,553 $ 113,075 $ 378,738 $ 10,572 $ 1,693,938 Less allowance (126,000 ) - (50,000 ) - (176,000 ) Net account receivable $ 1,065,553 $ 113,075 $ 328,738 10,572 $ 1,517,938 December 31, 2015 Franchise Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 1,332,446 $ 148,346 $ 754,400 $ - $ 2,235,192 Less allowance (183,000 ) - (89,000 ) - (272,000 ) Net account receivable $ 1,149,446 $ 148,346 $ 665,400 - $ 1,963,192

Deferred Revenue and Other Liab

Deferred Revenue and Other Liabilities	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Deferred Revenue and Other Liabilities	6. Deferred Revenue and Other Liabilities – Deferred revenue and other liabilities consist of the following: June 30, 2016 December 31, 2015 Deferred financing fees $ 234,148 $ 285,452 Deferred franchise development and service fees 162,334 264,000 Merchandise credits and gift card liability 676,301 1,127,470 Other 332,612 119,416 Total $ 1,405,395 $ 1,796,338

Notes Payable - Short Term

Notes Payable - Short Term	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Notes Payable - Short Term	7. Notes Payable – Short Term – On April 22, 2016, WCR entered into a Credit Agreement with a financial institution. The Credit Agreement provides the Company with a revolving credit facility in an aggregate amount of up to $3,000,000, having a maturity date of April 21, 2018. Funds advanced under the revolving credit facility bear interest at a floating per annum rate equal to one-month LIBOR plus 3.50%, adjusted on a monthly basis. At June 30, 2016 $3,000,000 of credit was available. In conjunction with the closing of the Credit Agreement, all existing short-term credit facilities of the Company were terminated. See Note 14 for additional terms and conditions related to the Credit Agreement.

Notes Payable - Long Term

Notes Payable - Long Term	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Notes Payable - Long Term	8. Notes Payable – Long Term – June 30, 2016 December 31, 2015 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, 2016 and upon certain events can be collateralized by substantially all assets of WCR, excluding any equity interest in AGI (terminated May 2016) $ - $ 3,000,000 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4% at June 30, 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 3,441,667 - Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5%, secured by the AGI’s assets, maturing March 2017 (terminated May 2016) - 1,625,000 Subsidiary note pa yab le to a financial institution with monthly principal payment of $33,334 plus annual paydowns equal to JPRE’s net cash flow from operations due within 120 days of the calendar year end plus interest at LIBOR plus 3.5% (4% at June 30, 2016), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 3,171,456 3,371,460 Total 6,613,123 7,996,460 Less current maturities (1,100,000 ) (4,900,008 ) $ 5,513,123 $ 3,096,452 Future minimum long-term principal payments are as follows: Year Amount 1 $ 1,100,000 2 1,100,000 3 3,071,456 4 700,000 5 641,667 Thereafter - $ 6,613,123 On April 22, 2016, WCR entered into a Credit Agreement with a financial institution. In addition to the $3,000,000 revolving line of credit facility (see Note 7 above) the Credit Agreement provides the Company with an acquisition loan facility in an aggregate amount of up to $9,000,000, having a maturity date of April 21, 2018. Funds advanced under the acquisition loan facility bear interest at a floating per annum rate equal to one-month LIBOR plus 3.50%, adjusted on a monthly basis and mature five years from the date of advance. At closing, $3,500,000 was advanced under the acquisition loan replacing the $3,000,000 River City Equity debt and $500,000 of other term debt. At June 30, 2016 approximately $5,500,000 of credit was available under the acquisition loan facility. See Note 14 for additional terms and conditions related to the Credit Agreement.

Reincorporation

Reincorporation	6 Months Ended
	Jun. 30, 2016
Reincorporation
Reincorporation	9. Reincorporation – On January 20, 2016, our shareholders approved a plan to reincorporate Western Capital Resources, Inc. in Delaware at a special meeting of the shareholders called for that purpose. The reincorporation was completed May 11, 2016.

Cash Dividend

Cash Dividend	6 Months Ended
	Jun. 30, 2016
Dividends, Common Stock [Abstract]
Cash Dividend	10. Cash Dividend – Date declared May 24, 2016 Record date June 6, 2016 Date paid June 15, 2016 Dividend per share of common stock $ 0.025

Other Operating Expense

Other Operating Expense	6 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
Other Operating Expense	11. Other Operating Expense – A breakout of other expense is as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Bank fees $ 497,084 $ 135,222 $ 935,118 $ 284,745 Collection costs 109,963 108,984 226,151 220,303 Conference expense 29,151 - 294,556 210,644 Insurance 173,326 93,200 344,889 175,995 Management and advisory fees 203,504 124,801 424,529 274,303 Professional and consulting fees 447,735 472,677 1,042,945 918,113 Supplies 176,650 158,122 359,924 328,636 Other 874,338 519,587 1,622,865 1,060,971 $ 2,511,751 $ 1,612,593 $ 5,250,977 $ 3,473,710

Pro Forma Information

Pro Forma Information	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Pro Forma Information	12. Pro Forma Information – Effective June 1, 2015, PQH purchased with cash all outstanding membership interests in four separate limited liability companies (Green Communications, LLC, an Arizona LLC, Green Communications, LLC, an Oregon LLC, Green Communications, LLC, a Washington LLC and Go Green, LLC an Arizona LLC). Effective July 1, 2015, the Company acquired a 100% interest in the businesses of RAI, JPPA, and JPRE, by completing a merger and contribution transaction. As further discussed in Note 13 of the December 31, 2015 Notes to Consolidated Financial Statements, the results of the operations for the acquired business have been included in the consolidated financial statements since the dates of the acquisition. The following table presents the unaudited results of operations for the three and six months ended June 30, 2016 and the unaudited pro forma results of operations for the three and six months ended June 30, 2015 (in thousands, except for per share data) as if the acquisitions had been consummated at the beginning of 2015. The pro forma net income below excludes the expense of the transactions. The pro forma results of operations are prepared for comparative purposes only and do not necessarily reflect the results that would have occurred had the acquisition occurred at the beginning of the 2015 or the results which may occur in the future. Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Three Months Ended June 30, 2016 Revenue $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ - $ 27,172 % of total revenue 13.1 % 29.8 % 46.7 % 10.4 % - % 100.0 % Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Net income attributable to noncontrolling interests $ 4 $ - $ - $ - $ - $ 4 Net income (loss) attributable to WCR common shareholders $ 564 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,785 Earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.059 $ 0.008 $ 0.116 $ 0.028 $ (0.023 ) $ 0.188 Three Months Ended June 30, 2015 Pro forma revenue $ 2,851 $ 8,803 $ 11,403 $ 3,059 $ - $ 26,116 % of total pro forma revenue 10.9 % 33.7 % 43.7 % 11.7 % - % 100.0 % Pro forma net income (loss) $ 457 $ 127 $ 1,106 $ 257 $ (122 ) $ 1,825 Pro forma net income attributable to noncontrolling interests $ 4 $ - $ - $ - $ - $ 4 Pro forma net income (loss) attributable to WCR common shareholders $ 453 $ 127 $ 1,106 $ 257 $ (122 ) $ 1,821 Pro forma earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.048 $ 0.013 $ 0.116 $ 0.028 $ (0.013 ) $ 0.192 Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Six Months Ended June 30, 2016 Revenue $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ - $ 55,608 % of total revenue 12.9 % 32.1 % 44.5 % 10.5 % - % 100.0 % Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Net income attributable to noncontrolling interests $ 9 $ - $ - $ - $ - $ 9 Net income (loss) attributable to WCR common shareholders $ 1,074 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,756 Earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.113 $ 0.048 $ 0.211 $ 0.060 $ (0.037 ) $ 0.395 Six Months Ended June 30, 2015 Pro forma revenue $ 5,967 $ 20,095 $ 24,854 $ 6,153 $ - $ 57,069 % of total pro forma revenue 10.5 % 35.2 % 43.5 % 10.8 % - % 100.0 % Pro forma net income (loss) $ 755 $ 524 $ 1,934 $ 543 $ (195 ) $ 3,561 Pro forma net income attributable to noncontrolling interests $ 6 $ - $ - $ - $ - $ 6 Pro forma net income (loss) attributable to WCR common shareholders $ 749 $ 524 $ 1,934 $ 543 $ (195 ) $ 3,555 Pro forma earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.079 $ 0.055 $ 0.204 $ 0.057 $ (0.021 ) $ 0.374

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	13. Segment Information – Segment information related to the three and six month periods ended June 30, 2016 and 2015 is presented below: Three Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ - $ 27,172 Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Expenditures for segmented assets $ 7 $ 580 $ 24 $ 7 $ - $ 618 Three Months Ended June 30, 2015 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 2,851 $ 6,966 $ - $ 3,059 $ - $ 12,876 Net income (loss) $ 456 $ 140 $ - $ 257 $ (424 ) $ 429 Expenditures for segmented assets $ 51 $ 3,135 $ - $ 16 $ 14 $ 3,216 Six Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ - $ 55,608 Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Total segment assets $ 9,681 $ 14,779 $ 14,393 $ 15,531 $ 374 $ 54,758 Expenditures for segmented assets $ 15 $ 1,447 $ 38 $ 18 $ - $ 1,518 Six Months Ended June 30, 2015 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 5,967 $ 15,118 $ - $ 6,153 $ - $ 27,238 Net income (loss) $ 755 $ 467 $ - $ 543 $ (497 ) $ 1,268 Total segment assets $ 9,555 $ 12,222 $ - $ 16,192 $ 317 $ 38,286 Expenditures for segmented assets $ 91 $ 3,656 $ - $ 16 $ 13 $ 3,776

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. Commitments and Contingencies – Employment Agreements The Company is party to an Amended and Restated Employment Agreement with its Chief Executive Officer, Mr. John Quandahl. Among other things, this agreement contains provisions for an annual performance-based cash bonus pool for management. The agreement was amended effective April 1, 2016 to extend the term through March 2019. Pursuant to the Company’s numerous employment agreements, bonuses of approximately $338,000 and $693,000 were accrued for the three and six month periods ended June 30, 2016, respectively. Credit Facility On April 22, 2016 WCR entered into a Credit Agreement with a financial institution. Certain company subsidiaries are guarantors of the borrowings and obligations under the Credit Agreement. All borrowings under the Credit Agreement are secured by substantially all assets of WCR and the guarantor subsidiaries. The Credit Agreement requires WCR to meet certain financial tests, including a leverage ratio and a fixed charge coverage ratio, as defined in the Credit Agreement. Subject to certain exceptions, the Credit Agreement contains covenants limiting the company’s ability to (or to permit the guarantor subsidiaries to) merge or consolidate with, or engage in a sale of substantially all assets to, any party, but WCR or any guarantor subsidiary generally may nonetheless merge with another party if (i) WCR or guarantor subsidiary is the entity surviving such merger, and (ii) immediately after giving effect to such merger, no default shall have occurred and be continuing under the Credit Agreement. Subject to certain exceptions, the Credit Agreement also contains covenants limiting WCR’s ability to (or to permit the guarantor subsidiaries to) create liens on assets, incur additional indebtedness, make certain types of investments, and pay dividends or make certain other types of restricted payments, but WCR may nonetheless pay dividends to its shareholders if (a) there are no outstanding loans or unpaid interest under the revolving credit facility (see Note 7), and (b) no default shall have occurred and be continuing under the Credit Agreement. Cellular Retail Growth Commitment Effective June 6, 2016, PQH entered into a Cricket Wireless Exclusive Dealer Agreement Amendment for Retail Expansion. Per the agreement, PQH commits to open at least 150 locations by December 31, 2017, including 50 locations by December 31, 2016. Also effective June 6, 2016, Cricket Wireless, LLC has increased certain compensation arrangements in the existing dealer agreement and will provide a subsidy for each location opened during the term of the agreement.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events – We evaluated all events or transactions that occurred after June 30, 2016 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, Nature21

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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 and six month period ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. For further information, refer to the Condensed Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2015. The condensed consolidated balance sheet at December 31, 2015, 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	Nature of Business Western Capital Resources, Inc. (“WCR”) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below: • Franchise o AlphaGraphics, Inc. (“AGI”) (99.2%) – franchisor of 258 domestic and 25 international AlphaGraphics Business Centers which specialize in the planning, production and management of visual communications for businesses and individuals throughout the world. • Cellular Retail o PQH Wireless, Inc. and subsidiaries (“PQH”) (100%) – owns and operates 116 cellular retail stores as an exclusive dealer of the Cricket brand. • Direct to Consumer o J & P Park Acquisitions, Inc. (“JPPA”) (100% – Acquired July 1, 2015) – an online and direct marketing distribution retailer of live plants, seeds, holiday gifts and garden accessories selling its products under Park Seed, Jackson& Perkins, and Wayside Gardens brand names as well as a wholesaler under the Park Wholesale brand. o Restorers Acquisition, Inc. (“RAI”) (100% – Acquired July 1, 2015) – an online and direct marketing distribution retailer of home improvement and restoration products operating under Van Dyke’s Restorers. o J & P Real Estate, LLC (“JPRE”) (100% – Acquired July 1, 2015) – owns real estate utilized as JPPA’s distribution and warehouse facility and the corporate offices of JPPA and RAI. • Consumer Finance o Wyoming Financial Lenders, Inc. (“WFL”) (100%) – owns and operates 46 “payday” stores in eight states (Colorado, Iowa, Kansas, Nebraska, North Dakota, South Dakota, 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 three retail pawn stores in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. References in these financial statement notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such “AGI,” “PQH,” “JPPA,” “RAI,” “JPRE,” “WFL” or “EPI” are references only to those companies.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements include the accounts of 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 provisions 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	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 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, gift certificate and customer credits liability and deferred taxes and tax uncertainties.
Reclassifications	Reclassifications Certain Statements 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 and six months ended June 30, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP. This standard, including subsequent updates, is effective for annual and interim periods beginning after December 15, 2017. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The standard requires that deferred tax assets and liabilities be classified as noncurrent on the balance sheet rather than being separated into current and noncurrent. ASU 2015-17 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is permitted and the standard may be applied either retrospectively or on a prospective basis to all deferred tax assets and liabilities. The Company early adopted ASU 2015-17 during our first quarter of fiscal year 2016 on a retrospective basis. Accordingly, we reclassified the current deferred taxes to noncurrent on our December 31, 2015 Condensed Consolidated Balance Sheet, which decreased current deferred tax assets by $0.56 million and decreased noncurrent deferred tax liabilities by $0.56 million. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted and the standard is to be applied using a modified retrospectively approach. The Company is currently evaluating the impact that ASU 2016-02 will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years and the standard is to be applied using a modified retrospectively approach. The Company is currently evaluating the impact that ASU 2016-13 will have on our financial condition, results of operations and consolidated financial statements. No other accounting pronouncements issued or effective during the fiscal quarter have had or are expected to have a material impact on our condensed consolidated financial statements.

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of outstanding loans receivable aging	At June 30, 2016 and December 31, 2015, the Consumer Finance segment’s outstanding loans receivable aging was as follows: June 30, 2016 Payday Installment Pawn & Title Total Current $ 3,703,331 $ 232,718 $ 296,759 $ 4,232,808 1-30 284,109 34,636 - 318,745 31-60 200,487 14,234 - 214,721 61-90 175,938 7,269 - 183,207 91-120 117,996 3,551 - 121,547 121-150 105,994 1,841 - 107,835 151-180 138,883 501 - 139,384 4,726,738 294,750 296,759 5,318,247 Less Allowance (838,000 ) (55,000 ) - (893,000 ) $ 3,888,738 $ 239,750 $ 296,759 $ 4,425,247 December 31, 2015 Payday Installment Pawn & Title Total Current $ 4,065,706 $ 291,947 $ 286,514 $ 4,644,167 1-30 332,217 43,179 - 375,396 31-60 263,486 24,233 - 287,719 61-90 199,526 16,293 - 215,819 91-120 196,123 9,417 - 205,540 121-150 160,386 4,985 - 165,371 151-180 165,237 2,189 - 167,426 5,382,681 392,243 286,514 6,061,438 Less Allowance (1,081,000 ) (96,000 ) - (1,177,000 ) $ 4,301,681 $ 296,243 $ 286,514 $ 4,884,438

Loans Receivable Allowance (Tab

Loans Receivable Allowance (Tables)	6 Months Ended
	Jun. 30, 2016
Provision for Loan and Lease Losses [Abstract]
Schedule of loans receivable allowance	A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Six Months Ended June 30, 2016 Year Ended December 31, 2015 Loans receivable allowance, beginning of period $ 1,177,000 $ 1,219,000 Provision for loan losses charged to expense 731,485 1,904,893 Charge-offs, net (1,015,485 ) (1,946,893 ) Loans receivable allowance, end of period $ 893,000 $ 1,177,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of accounts receivables	A breakdown of accounts receivables by segment as of June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 Franchise Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 1,191,553 $ 113,075 $ 378,738 $ 10,572 $ 1,693,938 Less allowance (126,000 ) - (50,000 ) - (176,000 ) Net account receivable $ 1,065,553 $ 113,075 $ 328,738 10,572 $ 1,517,938 December 31, 2015 Franchise Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 1,332,446 $ 148,346 $ 754,400 $ - $ 2,235,192 Less allowance (183,000 ) - (89,000 ) - (272,000 ) Net account receivable $ 1,149,446 $ 148,346 $ 665,400 - $ 1,963,192

Deferred Revenue and Other Li25

Deferred Revenue and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Schedule of deferred revenue and other liabilities	Deferred revenue and other liabilities consist of the following: June 30, 2016 December 31, 2015 Deferred financing fees $ 234,148 $ 285,452 Deferred franchise development and service fees 162,334 264,000 Merchandise credits and gift card liability 676,301 1,127,470 Other 332,612 119,416 Total $ 1,405,395 $ 1,796,338

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	June 30, 2016 December 31, 2015 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, 2016 and upon certain events can be collateralized by substantially all assets of WCR, excluding any equity interest in AGI (terminated May 2016) $ - $ 3,000,000 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4% at June 30, 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 3,441,667 - Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5%, secured by the AGI’s assets, maturing March 2017 (terminated May 2016) - 1,625,000 Subsidiary note pa yab le to a financial institution with monthly principal payment of $33,334 plus annual paydowns equal to JPRE’s net cash flow from operations due within 120 days of the calendar year end plus interest at LIBOR plus 3.5% (4% at June 30, 2016), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 3,171,456 3,371,460 Total 6,613,123 7,996,460 Less current maturities (1,100,000 ) (4,900,008 ) $ 5,513,123 $ 3,096,452
Schedule of future minimum long-term principal payments	Future minimum long-term principal payments are as follows: Year Amount 1 $ 1,100,000 2 1,100,000 3 3,071,456 4 700,000 5 641,667 Thereafter - $ 6,613,123

Cash Dividend (Tables)

Cash Dividend (Tables)	6 Months Ended
	Jun. 30, 2016
Dividends, Common Stock [Abstract]
Schedule of cash dividend	Date declared May 24, 2016 Record date June 6, 2016 Date paid June 15, 2016 Dividend per share of common stock $ 0.025

Other Operating Expense (Tables

Other Operating Expense (Tables)	6 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
Schedule of other expense	A breakout of other expense is as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Bank fees $ 497,084 $ 135,222 $ 935,118 $ 284,745 Collection costs 109,963 108,984 226,151 220,303 Conference expense 29,151 - 294,556 210,644 Insurance 173,326 93,200 344,889 175,995 Management and advisory fees 203,504 124,801 424,529 274,303 Professional and consulting fees 447,735 472,677 1,042,945 918,113 Supplies 176,650 158,122 359,924 328,636 Other 874,338 519,587 1,622,865 1,060,971 $ 2,511,751 $ 1,612,593 $ 5,250,977 $ 3,473,710

Pro Forma Information (Tables)

Pro Forma Information (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of business acquisition, pro forma	The pro forma results of operations are prepared for comparative purposes only and do not necessarily reflect the results that would have occurred had the acquisition occurred at the beginning of the 2015 or the results which may occur in the future. Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Three Months Ended June 30, 2016 Revenue $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ - $ 27,172 % of total revenue 13.1 % 29.8 % 46.7 % 10.4 % - % 100.0 % Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Net income attributable to noncontrolling interests $ 4 $ - $ - $ - $ - $ 4 Net income (loss) attributable to WCR common shareholders $ 564 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,785 Earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.059 $ 0.008 $ 0.116 $ 0.028 $ (0.023 ) $ 0.188 Three Months Ended June 30, 2015 Pro forma revenue $ 2,851 $ 8,803 $ 11,403 $ 3,059 $ - $ 26,116 % of total pro forma revenue 10.9 % 33.7 % 43.7 % 11.7 % - % 100.0 % Pro forma net income (loss) $ 457 $ 127 $ 1,106 $ 257 $ (122 ) $ 1,825 Pro forma net income attributable to noncontrolling interests $ 4 $ - $ - $ - $ - $ 4 Pro forma net income (loss) attributable to WCR common shareholders $ 453 $ 127 $ 1,106 $ 257 $ (122 ) $ 1,821 Pro forma earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.048 $ 0.013 $ 0.116 $ 0.028 $ (0.013 ) $ 0.192 Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Six Months Ended June 30, 2016 Revenue $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ - $ 55,608 % of total revenue 12.9 % 32.1 % 44.5 % 10.5 % - % 100.0 % Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Net income attributable to noncontrolling interests $ 9 $ - $ - $ - $ - $ 9 Net income (loss) attributable to WCR common shareholders $ 1,074 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,756 Earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.113 $ 0.048 $ 0.211 $ 0.060 $ (0.037 ) $ 0.395 Six Months Ended June 30, 2015 Pro forma revenue $ 5,967 $ 20,095 $ 24,854 $ 6,153 $ - $ 57,069 % of total pro forma revenue 10.5 % 35.2 % 43.5 % 10.8 % - % 100.0 % Pro forma net income (loss) $ 755 $ 524 $ 1,934 $ 543 $ (195 ) $ 3,561 Pro forma net income attributable to noncontrolling interests $ 6 $ - $ - $ - $ - $ 6 Pro forma net income (loss) attributable to WCR common shareholders $ 749 $ 524 $ 1,934 $ 543 $ (195 ) $ 3,555 Pro forma earnings (loss) per share attributable to WCR common shareholders – basic and diluted $ 0.079 $ 0.055 $ 0.204 $ 0.057 $ (0.021 ) $ 0.374

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the three and six month periods ended June 30, 2016 and 2015 is presented below: Three Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ - $ 27,172 Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Expenditures for segmented assets $ 7 $ 580 $ 24 $ 7 $ - $ 618 Three Months Ended June 30, 2015 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 2,851 $ 6,966 $ - $ 3,059 $ - $ 12,876 Net income (loss) $ 456 $ 140 $ - $ 257 $ (424 ) $ 429 Expenditures for segmented assets $ 51 $ 3,135 $ - $ 16 $ 14 $ 3,216 Six Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ - $ 55,608 Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Total segment assets $ 9,681 $ 14,779 $ 14,393 $ 15,531 $ 374 $ 54,758 Expenditures for segmented assets $ 15 $ 1,447 $ 38 $ 18 $ - $ 1,518 Six Months Ended June 30, 2015 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 5,967 $ 15,118 $ - $ 6,153 $ - $ 27,238 Net income (loss) $ 755 $ 467 $ - $ 543 $ (497 ) $ 1,268 Total segment assets $ 9,555 $ 12,222 $ - $ 16,192 $ 317 $ 38,286 Expenditures for segmented assets $ 91 $ 3,656 $ - $ 16 $ 13 $ 3,776

Basis of Presentation, Nature31

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Jun. 30, 2016USD ($)Number
Accounting Standards Update 2015-17 [Member]
Decrease in current deferred tax assets | $	$ 560,000
Decrease in noncurrent deferred tax liabilities | $	$ 560,000
Franchising [Member] | Alpha Graphics, Inc. [Member]
Number of domestic business centers | Number	258
Number of international business centers | Number	25
Percentage of equity method investment	99.20%
Cellular Retail [Member] | PQH Wireless, Inc. [Member]
Number of stores | Number	116
Percentage of equity method investment	100.00%
Direct to Consumer [Member] | JPPA [Member]
Percentage of equity method investment	100.00%
Business acquisition, effective date of acquisition	Jul. 1, 2015
Direct to Consumer [Member] | RAI [Member]
Percentage of equity method investment	100.00%
Business acquisition, effective date of acquisition	Jul. 1, 2015
Direct to Consumer [Member] | JPRE [Member]
Percentage of equity method investment	100.00%
Business acquisition, effective date of acquisition	Jul. 1, 2015
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member]
Number of stores | Number	46
Percentage of equity method investment	100.00%
Number of states in which entity operates | Number	8
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member] | Minimum [Member] | Payday [Member]
Non-recourse debt | $	$ 100
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member] | Minimum [Member] | Installment [Member]
Non-recourse debt | $	300
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member] | Maximum [Member] | Payday [Member]
Non-recourse debt | $	500
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member] | Maximum [Member] | Installment [Member]
Non-recourse debt | $	$ 800
Consumer Finance [Member] | Express Pawn, Inc. [Member]
Number of stores | Number	3
Percentage of equity method investment	100.00%

Loans Receivable (Details)

Loans Receivable (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 5,318,247	$ 6,061,438
Less Allowance	(893,000)	(1,177,000)
Notes, Loans and Financing Receivable, Net, current	4,425,247	4,884,438
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,232,808	4,644,167
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	318,745	375,396
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	214,721	287,719
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	183,207	215,819
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	121,547	205,540
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	107,835	165,371
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	139,384	167,426
Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,726,738	5,382,681
Less Allowance	(838,000)	(1,081,000)
Notes, Loans and Financing Receivable, Net, current	3,888,738	4,301,681
Payday [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,703,331	4,065,706
Payday [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	284,109	332,217
Payday [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	200,487	263,486
Payday [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	175,938	199,526
Payday [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	117,996	196,123
Payday [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	105,994	160,386
Payday [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	138,883	165,237
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	294,750	392,243
Less Allowance	(55,000)	(96,000)
Notes, Loans and Financing Receivable, Net, current	239,750	296,243
Installment Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	232,718	291,947
Installment Loans [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	34,636	43,179
Installment Loans [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	14,234	24,233
Installment Loans [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	7,269	16,293
Installment Loans [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,551	9,417
Installment Loans [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	1,841	4,985
Installment Loans [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	501	2,189
Pawn Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	296,759	286,514
Less Allowance
Notes, Loans and Financing Receivable, Net, current	296,759	286,514
Pawn Title [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	296,759	286,514
Pawn Title [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current

Loans Receivable Allowance (Det

Loans Receivable Allowance (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable allowance, beginning of period	$ 1,177,000	$ 1,219,000
Provision for loan losses charged to expense	731,485	1,904,893
Charge-offs, net	(1,015,485)	(1,946,893)
Loans receivable allowance, end of period	$ 893,000	$ 1,177,000

Loans Receivable Allowance (D34

Loans Receivable Allowance (Details Narrative)	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	42.00%
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	42.00%
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	64.00%
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	83.00%
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	88.00%
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	91.00%
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	92.00%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Accounts receivable	$ 1,693,938	$ 2,235,192
Less allowance	(176,000)	(272,000)
Net account receivable	1,517,938	1,963,192
Franchise [Member]
Accounts receivable	1,191,553	1,332,446
Less allowance	(126,000)	(183,000)
Net account receivable	1,065,553	1,149,446
Cellular Retail [Member]
Accounts receivable	113,075	148,346
Less allowance
Net account receivable	113,075	148,346
Direct to Consumer [Member]
Accounts receivable	378,738	754,400
Less allowance	(50,000)	(89,000)
Net account receivable	328,738	665,400
Consumer Finance [Member]
Accounts receivable	10,572
Less allowance
Net account receivable	$ 10,572

Deferred Revenue and Other Li36

Deferred Revenue and Other Liabilities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred financing fees	$ 234,148	$ 285,452
Deferred franchise development and service fees	162,334	264,000
Merchandise credits and gift card liability	676,301	1,127,470
Other	332,612	119,416
Total	$ 1,405,395	$ 1,796,338

Notes Payable - Short Term (Det

Notes Payable - Short Term (Details Narrative) - Credit Agreement [Member] - Revolving Credit Facility [Member] - Short Term Note Payable to Financial Institution [Member] - USD ($)	Apr. 22, 2016	Jun. 30, 2016
Aggregate amount	$ 3,000,000
Maturity date	Apr. 21, 2018
Credit available capacity		$ 3,000,000
Adjustable Rate [Member]
Description of variable rate	Revolving credit facility bear interest at a floating per annum rate equal to one-month LIBOR plus 3.50%, adjusted on a monthly basis.

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total	$ 6,613,123	$ 7,996,460
Less current maturities	(1,100,000)	(4,900,008)
Notes payable, noncurrent	5,513,123	3,096,452
Note Payable To River City Equity, Inc. [Member]
Debt Instrument [Line Items]
Total		3,000,000
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Total	3,441,667
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Total		1,625,000
Note Payable To Financial Institution Two [Member]
Debt Instrument [Line Items]
Total	$ 3,171,456	$ 3,371,460

Notes Payable - Long Term (De39

Notes Payable - Long Term (Details 1) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Year 1	$ 1,100,000
Year 2	1,100,000
Year 3	3,071,456
Year 4	700,000
Year 5	641,667
Thereafter
Long-term debt	$ 6,613,123	$ 7,996,460

Notes Payable - Long Term (De40

Notes Payable - Long Term (Details Narrative) - USD ($)	Apr. 22, 2016	Jun. 30, 2016
Note Payable To River City Equity, Inc. [Member]
Debt Instrument [Line Items]
Maturity date		Jun. 30, 2016
Stated interest rate		12.00%
Maximum borrowing capacity		$ 3,000,000
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Principal periodic payment		$ 375,000
Description of maturity date		March 2,017
Description of variable rate		Prime rate plus 2.5%
Note Payable To Financial Institution Two [Member]
Debt Instrument [Line Items]
Maturity date		Jun. 5, 2019
Principal periodic payment		$ 33,334
Description of variable rate		LIBOR plus 3.5% (4% at June 30, 2016)
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Maturity date		Apr. 21, 2021
Principal periodic payment		$ 58,333
Description of variable rate		LIBOR plus 3.5% (4% at June 30, 2016)
Long Term Note Payable to Financial Institution [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 21, 2018
Maximum borrowing capacity	$ 9,000,000
Line of credit	$ 3,000,000
Credit available capacity		$ 5,500,000
Long Term Note Payable to Financial Institution [Member] | Adjustable Rate [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Description of variable rate	Funds advanced under the acquisition loan facility bear interest at a floating per annum rate equal to one-month LIBOR plus 3.50%, adjusted on a monthly basis and mature five years from the date of advance.

Cash Dividend (Details)

Cash Dividend (Details)	6 Months Ended
	Jun. 30, 2016$ / shares
Dividends, Common Stock [Abstract]
Date declared	May 24, 2016
Record date	Jun. 6, 2016
Date paid	Jun. 15, 2016
Dividend per share of common stock (in dollars per share)	$ 0.025

Other Operating Expense (Detail

Other Operating Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Income and Expenses [Abstract]
Bank fees	$ 497,084	$ 135,222	$ 935,118	$ 284,745
Collection costs	109,963	108,984	226,151	220,303
Conference expense	29,151		294,556	210,644
Insurance	173,326	93,200	344,889	175,995
Management and advisory fees	203,504	124,801	424,529	274,303
Professional and consulting fees	447,735	472,677	1,042,945	918,113
Supplies	176,650	158,122	359,924	328,636
Other	874,338	519,587	1,622,865	1,060,971
Total other expenses	$ 2,511,751	$ 1,612,593	$ 5,250,977	$ 3,473,710

Pro Forma Information (Details)

Pro Forma Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue	$ 27,172	$ 26,116	$ 55,608	$ 57,069
% of total revenue	100.00%	100.00%	100.00%	100.00%
Net income (loss)	$ 1,789	$ 1,825	$ 3,765	$ 3,561
Net income attributable to noncontrolling interests	4	4	9	6
Net income (loss) attributable to WCR common shareholders	$ 1,785	$ 1,821	$ 3,756	$ 3,555
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ 0.188	$ 0.192	$ 0.395	$ 0.374
Franchise [Member]
Revenue	$ 3,562	$ 2,851	$ 7,174	$ 5,967
% of total revenue	13.10%	10.90%	12.90%	10.50%
Net income (loss)	$ 568	$ 457	$ 1,083	$ 755
Net income attributable to noncontrolling interests	4	4	9	6
Net income (loss) attributable to WCR common shareholders	$ 564	$ 453	$ 1,074	$ 749
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ 0.059	$ 0.048	$ 0.113	$ 0.079
Cellular Retail [Member]
Revenue	$ 8,083	$ 8,803	$ 17,858	$ 20,095
% of total revenue	29.80%	33.70%	32.10%	35.20%
Net income (loss)	$ 74	$ 127	$ 454	$ 524
Net income attributable to noncontrolling interests
Net income (loss) attributable to WCR common shareholders	$ 74	$ 127	$ 454	$ 524
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ 0.008	$ 0.013	$ 0.048	$ 0.055
Direct to Consumer [Member]
Revenue	$ 12,689	$ 11,403	$ 24,754	$ 24,854
% of total revenue	46.70%	43.70%	44.50%	43.50%
Net income (loss)	$ 1,103	$ 1,106	$ 2,007	$ 1,934
Net income attributable to noncontrolling interests
Net income (loss) attributable to WCR common shareholders	$ 1,103	$ 1,106	$ 2,007	$ 1,934
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ 0.116	$ 0.116	$ 0.211	$ 0.204
Consumer Finance [Member]
Revenue	$ 2,838	$ 3,059	$ 5,822	$ 6,153
% of total revenue	10.40%	11.70%	10.50%	10.80%
Net income (loss)	$ 262	$ 257	$ 574	$ 543
Net income attributable to noncontrolling interests
Net income (loss) attributable to WCR common shareholders	$ 262	$ 257	$ 574	$ 543
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ 0.028	$ 0.028	$ 0.06	$ 0.057
Corporate [Member]
Revenue
% of total revenue
Net income (loss)	$ (218)	$ (122)	$ (353)	$ (195)
Net income attributable to noncontrolling interests
Net income (loss) attributable to WCR common shareholders	$ (218)	$ (122)	$ (353)	$ (195)
Earnings (loss) per share attributable to WCR common shareholders - basic and diluted	$ (0.023)	$ (0.013)	$ (0.037)	$ (0.021)

Pro Forma Information (Details

Pro Forma Information (Details Narrative)	Jun. 01, 2015
JPPA, RAI And JPRE Transaction [Member] | Common Stock [Member]
Percentage of voting rights issued as percent of post acquisition voting rights	100.00%

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenue from external customers	$ 27,172,426	$ 12,876,053	$ 55,607,712	$ 27,237,784
Net income (loss)	1,789,064	429,403	3,764,648	1,267,843
Total segment assets	54,758,052	38,286,000	54,758,052	38,286,000	$ 54,758,052	$ 55,622,333
Expenditures for segmented assets	618,000	3,216,000	1,518,000	3,776,000
Franchise [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	3,562,000	2,851,000	7,174,000	5,967,000
Net income (loss)	568,000	456,000	1,083,000	755,000
Total segment assets	9,681,000	9,555,000	9,681,000	9,555,000
Expenditures for segmented assets	7,000	51,000	15,000	91,000
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	8,083,000	6,966,000	17,858,000	15,118,000
Net income (loss)	74,000	140,000	454,000	467,000
Total segment assets	14,779,000	12,222,000	14,779,000	12,222,000
Expenditures for segmented assets	580,000	3,135,000	1,447,000	3,656,000
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	12,689,000		24,754,000
Net income (loss)	1,103,000		2,007,000
Total segment assets	14,393,000		14,393,000
Expenditures for segmented assets	24,000		38,000
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	2,838,000	3,059,000	5,822,000	6,153,000
Net income (loss)	262,000	257,000	574,000	543,000
Total segment assets	15,531,000	16,192,000	15,531,000	16,192,000
Expenditures for segmented assets	7,000	16,000	18,000	16,000
Corporate [Member]
Segment Reporting Information [Line Items]
Revenue from external customers
Net income (loss)	(218,000)	(424,000)	(353,000)	(497,000)
Total segment assets	374,000	317,000	374,000	317,000
Expenditures for segmented assets		$ 14,000		$ 13,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Jun. 06, 2016	Jun. 30, 2016	Jun. 30, 2016
Employment Agreement [Member]
Amount of bonus		$ 338,000	$ 693,000
Employment Agreement [Member] | Mr. John Quandahl [Member]
Extend the term of the agreement			2019-03
Cellular Retail Growth Commitment [Member] | PQH Wireless, Inc. [Member]
Description of retail business expansion	Open at least 150 locations by December 31, 2017, including 50 locations by December 31, 2016.