Western Capital Resources (WCRS) 10-K 31 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	1,363,958
Document Type	10-K
Trading Symbol	WCRS
Document Period End Date	Dec. 31, 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 Public Float			$ 10,706,000
Entity Common Stock, Shares Outstanding		9,390,997
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 14,159,975	$ 7,847,669
Loans receivable (less allowance for losses of $1,036,000 and $1,177,000, respectively)	4,438,276	4,884,438
Accounts receivable (less allowance for losses of $96,000 and $272,000, respectively)	1,716,867	1,963,192
Inventory	9,095,460	7,617,850
Prepaid expenses and other	3,727,284	2,589,749
TOTAL CURRENT ASSETS	33,137,862	24,902,898
NOTES RECEIVABLE	2,920,112
PROPERTY AND EQUIPMENT, net	9,696,620	8,561,321
GOODWILL	5,796,528	13,355,591
INTANGIBLE ASSETS, net	7,536,945	8,018,616
OTHER	1,122,585	783,907
TOTAL ASSETS	60,210,652	55,622,333
CURRENT LIABILITIES
Accounts payable and accrued expenses	13,002,381	8,403,788
Other current liabilities	2,242,372	2,405,597
Income taxes payable	265,813	1,135,031
Note payable - short-term	55,819
Current portion long-term debt	1,780,000	4,900,008
Current portion capital lease obligations	54,020	23,860
Deferred revenue	1,427,358	1,796,338
TOTAL CURRENT LIABILITIES	18,827,763	18,664,622
LONG-TERM LIABILITIES
Notes payable, net of current portion	8,681,545	3,096,452
Capital lease obligations, net of current portion	94,762	33,347
Deferred income taxes	1,775,000	3,889,000
Other	143,080	80,403
TOTAL LONG-TERM LIABILITIES	10,694,387	7,099,202
TOTAL LIABILITIES	29,522,150	25,763,824
COMMITMENTS AND CONTINGENCIES (Note 18)
WESTERN SHAREHOLDERS' EQUITY
Common stock, $0.001 and no par value, 12,500,000 shares authorized, 9,497,871 and 9,497,534 issued and outstanding.	950
Additional paid-in capital	28,997,087	28,934,392
Retained earnings	1,643,996	898,038
TOTAL WESTERN SHAREHOLDERS' EQUITY	30,642,033	29,832,430
NONCONTROLLING INTERESTS	46,469	26,079
TOTAL EQUITY	30,688,502	29,858,509
TOTAL LIABILITIES AND EQUITY	$ 60,210,652	$ 55,622,333

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Loans receivable, allowance (in dollars)	$ 1,036,000	$ 1,177,000
Accounts receivable, allowance (in dollars)	$ 96,000	$ 272,000
Common Stock, no par value		$ 0
Common stock, par value (in dollars per share)	$ 0.001
Common stock, authorized	12,500,000	12,500,000
Common stock, issued	9,497,871	9,497,534
Common stock, outstanding	9,497,871	9,497,534

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
REVENUES
Sales and associated fees	$ 74,213,699	$ 46,243,284
Financing fees and interest	9,881,795	10,772,785
Royalty and franchise fees, net	11,183,288	10,770,914
Other revenue	13,907,755	8,667,052
Total Revenues	109,186,537	76,454,035
COST OF REVENUES
Cost of sales	37,558,251	25,209,412
Provisions for loans receivable losses	1,605,867	1,904,893
Other	2,508,421	1,196,172
Total Cost of Revenues	41,672,539	28,310,477
GROSS PROFIT	67,513,998	48,143,558
OPERATING EXPENSES
Salaries, wages and benefits	28,300,491	20,859,080
Occupancy	8,406,923	6,570,537
Advertising, marketing and development	7,788,221	4,164,473
Depreciation	1,196,553	697,956
Amortization	563,076	499,697
Other	10,852,332	8,761,172
Total Operating Expense	57,107,596	41,552,915
IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS	7,559,063
OPERATING INCOME	2,847,339	6,590,643
OTHER INCOME (EXPENSES):
Interest income	23,344	4,269
Interest expense	(527,975)	(575,712)
Total Other Income (Expenses)	(504,631)	(571,443)
INCOME BEFORE INCOME TAXES	2,342,708	6,019,200
INCOME TAX EXPENSE	864,000	2,481,764
NET INCOME	1,478,708	3,537,436
Less net income attributable to noncontrolling interests	(20,390)	(17,706)
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 1,458,318	$ 3,519,730
EARNINGS PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
Basic and diluted (in dollars per share)	$ 0.15	$ 0.45
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	9,497,638	7,761,918

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings / (Accumulated Deficit) [Member]	Noncontrolling Interests [Member]
BALANCE at beginning at Dec. 31, 2014	$ 20,090,426		$ 22,703,745	$ (2,621,692)	$ 8,373
BALANCE at beginning (in shares) at Dec. 31, 2014		5,997,588
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares of common stock issued July 1, 2015 for JPPA/RAI acquisition	6,123,398		6,123,398
Shares of common stock issued July 1, 2015 for JPPA/RAI acquisition (in shares)		3,500,000
Removal of partial shares (in shares)		(54)
Net Income	3,537,436			3,519,730	17,706
Share based compensation	107,249		107,249
BALANCE at end at Dec. 31, 2015	29,858,509		28,934,392	898,038	26,079
BALANCE at end (in shares) at Dec. 31, 2015		9,497,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,478,708			1,458,318	20,390
Share based compensation	63,645		63,645
Recapitalization		$ 950	(950)
Elimination of Fractional Shares (Rounding up or down) (in shares)		337
Dividends	(712,360)			(712,360)
BALANCE at end at Dec. 31, 2016	$ 30,688,502	$ 950	$ 28,997,087	$ 1,643,996	$ 46,469
BALANCE at end (in shares) at Dec. 31, 2016		9,497,871

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net Income	$ 1,478,708	$ 3,537,436
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,196,553	697,956
Amortization	563,076	499,697
Share based compensation	63,645	107,249
Deferred income taxes	(2,120,000)	611,000
Loss on disposal of property, equipment and other assets	26,443	447,790
Goodwill impairment charge	7,559,063
Changes in operating assets and liabilities:
Loans receivable	446,162	446,828
Accounts receivable	246,325	(300,699)
Inventory	(1,477,610)	(1,679,584)
Prepaid expenses and other assets	(1,392,204)	(785,181)
Accounts payable and accrued expenses	3,735,375	1,446,960
Deferred revenue and other current liabilities	(532,205)	420,793
Accrued liabilities and other - LT	62,677	(34,111)
Net cash provided by operating activities	9,856,008	5,416,134
INVESTING ACTIVITIES
Purchases of property and equipment	(1,960,809)	(766,625)
Acquisition of stores, net of cash acquired	(588,241)	(2,698,500)
Cash received through acquisitions		2,470,930
Advances on note receivable, net	(2,920,112)
Proceeds from the sale of property, plant and equipment	109,350
Net cash used in investing activities	(5,359,812)	(994,195)
FINANCING ACTIVITIES
Payments on notes payable - short-term, net	(28,190)	(120,000)
Advances on line of credit, net	998,426
Advances on notes payable - long-term	3,818,301
Payments on notes payable - long-term, net	(2,351,642)	(666,670)
Advances on capital lease	185,318
Payments on capital lease	(93,743)	(60,950)
Dividend paid	(712,360)
Net cash provided by (used in) financing activities	1,816,110	(847,620)
NET INCREASE IN CASH	6,312,306	3,574,319
CASH
Beginning of year	7,847,669	4,273,350
End of year	14,159,975	7,847,669
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	3,845,718	2,046,817
Interest paid	615,094	549,361
Noncash investing and financing activities:
Shares issued and net assets acquired in acquisitions (Note 16)		6,123,398
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	12 Months Ended
	Dec. 31, 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 / 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 256 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. (PQH) (100%) – operates cellular retail stores (145 owned and operated plus 53 operated under management agreement as of December 31, 2016), 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 “payday” stores (40 as of December 31, 2016) in seven states (Colorado, Iowa, Kansas, Nebraska, North 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 retail pawn stores (three as of December 31, 2016) 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 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 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 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, gift certificate and merchandise credits liability and deferred taxes and tax uncertainties. Revenue Recognition Franchise Royalty revenues from franchisees are primarily based on a percentage of business center sales and are recognized in the period in which they are earned. Initial franchise fee revenues are recognized when the obligations required by the franchise agreement have been substantially performed by AGI, which is generally upon the training of the franchisee. Revenues from area development franchise fees and International Master License Agreement (IML) fees are recognized when the obligations required by the area development and IML agreements have been substantially performed. Service fees and other revenues are recognized when services are provided. Cellular Retail Sales revenue for sales of phones and accessories and dealer compensation for related activations is recognized in the period in which the sale is completed (retail sales and associated fees). Customer service fees are recognized upon completion of the service and payment received. Other dealer compensation not attributed to phone activations is recorded in the period earned as reported to us by Cricket Wireless. All sales are presented net of sales taxes, which are excluded from revenue. Direct to Consumer Sales revenue is recognized in the period in which product is shipped. Sales billed or cash received in advance of actual shipment are deferred and recorded as income in the period in which shipment is made. Shipping and handling fees billed to customers is included in net sales. Shipping and handling costs are expensed as incurred and included in cost of sales. All sales are presented net of sales taxes, which are excluded from revenue. Consumer Finance Loan fees and interest on cash advance loans are recognized on a constant-yield basis ratably over a loan’s term. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable and installment loan maintenance fees are recognized when earned. The Company recognizes fees on pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans. Receivables and Loss Allowance Franchise Accounts receivable are recorded for earned but uncollected royalties and other related franchise fees. Allowances are provided on an account-by-account basis for estimated uncollectible accounts as deemed necessary by management. The Company considers current economic trends and changes in payment terms when evaluating the adequacy of the allowance. Direct to Consumer Receivables, for noncash sales, are recorded when orders are shipped and represent claims against third parties that will be settled in cash. The carrying value of receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The allowance for doubtful accounts is estimated based on historical collection trends, type of customer, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past due receivable balances are written-off when internal collection efforts have been unsuccessful in collecting the amount due. Consumer Finance Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances. Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons. All returned items are charged-off after 180 days, as collections after that date have not been significant. Loans are carried at cost plus accrued interest or fees less payments made and a loans receivable allowance. The Company does not specifically reserve for any individual payday, installment or title loan. The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio. This methodology takes into account several factors, including (1) the amount of loan principal, interest and fee outstanding, (2) historical charge offs from loans that originated during the last 24 months, (3) current and expected collection patterns and (4) current economic trends. The Company utilizes a software program to assist with the tracking of its historical portfolio statistics. A loan loss allowance is maintained for anticipated losses for payday and installment loans based primarily on our historical percentages by loan type of net charge offs, applied against the applicable balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods. Loan losses or charge-offs of pawn or title loans are not recorded because the value of the collateral exceeds the loan amount. Inventory Cellular Retail Inventory, consisting of phones and accessories, is stated at cost, determined on the specific identification and a first-in, first-out basis, respectively. Direct to Consumer Inventory is valued at the lower of cost or market using the weighted-average method of determining cost. Consumer Finance Merchandise inventory is stated at the lower of cost or market. The principal amount of an unpaid loan becomes the inventory cost for forfeited collateral. Property and Equipment Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: • Computer equipment and software 3 – 10 years • Improvements and equipment 3 – 15 years • Building 39 years The cost of maintenance and repairs is charged to operations as incurred while renewals and betterments are capitalized. The Company capitalizes certain internal costs, including payroll costs, incurred in connection with the development of software for internal use. These costs are capitalized beginning when the Company has entered the application development stage. The capitalization of these costs ceases when the software is substantially complete and ready for its intended use. Only costs incurred for enhancements that are expected to result in additional features or functionality are capitalized and expensed over the estimated useful life of the enhancements. Goodwill Goodwill represents the excess of cost over the fair value of net assets acquired using purchase accounting and is not amortized. Intangible Assets Intangible assets represent the fair values management assigned to assets acquired through business acquisitions and is amortized over periods of three to 15 years based on management’s estimates of the useful life of the asset. Long-Lived Assets The Company assesses the possibility of impairment of long-lived and intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors that could trigger an impairment review include significant underperformance relative to expected historical or projected future cash flows, significant changes in the manner of use of acquired assets or the strategy for the overall business, and significant negative industry events or trends. In addition, the Company conducts an annual goodwill impairment test as of October 1 each year. The Company assesses goodwill for impairment at the reporting unit level by applying a fair value test. This fair value test involves a two-step process. The first step is to compare the carrying value of our net assets to our fair value. If the fair value is determined to be less than the carrying value, a second step is performed to measure the amount of the impairment, if any. Due to the minimal amount of public float for the Company’s common stock, the market capitalization approach of valuing the reporting unit as a whole is not practical. The discounted future cash flows method is utilized in estimating value. As further discussed in Note 7, when estimated future cash flows are less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any. Merchandise Credits and Gift Card Liabilities Direct to Consumer The Company maintains a liability for unredeemed gift cards, gift certificates and merchandise credits until the earlier of redemption, escheatment or a maximum of two years. The Company has concluded based on historical redemption trends that the likelihood of these liabilities being redeemed beyond two years from the date of issuance is remote. The liability is also reserved for estimated redemption rates which management bases on historical trends. Advertising, Marketing and Development Costs Franchise The costs of advertising, marketing and development are expenses as incurred. Certain amounts received from franchisees for marketing and advertising campaigns benefiting the franchisees are held in the AlphaGraphics Integrated Marketing Fund. AGI controls the manner in which these funds are spent. In addition to advertising, marketing and development expenses, fund expenses include general operating expenses such as reasonable salaries, travel related expenditures, administrative expenses, and overhead incurred by AGI on behalf of the fund. Amounts in the fund and the related revenues and expenses are not reflected in the accompanying consolidated financial statements. AGI may direct that the amount spent in any fiscal year is greater or less than the aggregate contributions made by the franchisees into the fund. Direct to Consumer The Company expenses advertising costs as they are incurred, except for direct-response advertising, which is capitalized and amortized over its expected period of future benefits, not to exceed six months. Direct-response advertising consists primarily of catalog book production, printing, and postage costs. Prepaid advertising costs at December 31, 2016 and 2015 were $1.08 million and $0.92 million, respectively. Consumer Finance The costs of advertising and marketing are expenses as incurred. Stock-based Compensation 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. 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. Income Taxes Deferred income taxes reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts, based on enacted tax laws and statutory tax rates applicable in the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents taxes paid or payable for the current year and changes during the year in deferred tax assets and liabilities. 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 potentially dilutive 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 13) were outstanding at December 31, 2016. These options have a strike price in excess of the market price as of December 31, 2016 and 2015, were antidilutive and therefore not included in the computation of diluted earnings per share. Thus, there were no dilutive common shares as of December 31, 2016 and 2015. Fair Value of Financial Instruments The amounts reported in the balance sheets for cash, accounts and loans receivable, inventory, and accounts payable are short-term in nature and their carrying values approximate fair values. The amounts reported in the balance sheets for notes payable are both long-term and short-term and their carrying value approximates fair value. 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 year ended December 31, 2016. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) related to balance sheet classification of deferred taxes which will require entities to present deferred tax assets (DTAs) and deferred tax liabilities (DTAs) as noncurrent in a classified balance sheet. The ASU simplifies the current guidance (ASC 740-10-45-4, which requires entities to separately present DTAs and DTLs as current and noncurrent in a classified balance sheet. The ASU is effective for annual reporting periods beginning on after December 15, 2016 and interim periods within that annual period, with early adoption permitted. The Company early adopted the ASU 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 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 2016-02, Leases (Topic 842) related to recognition of lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that annual period, with early adoption permitted and to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) related to the measurement of credit losses on financial instruments. 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. The ASU is effective for annual reporting periods beginning after December 15, 2018 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. No other new accounting pronouncements issued or effective during the fiscal year have had or are expected to have a material impact on the consolidated financial statements.

Risks Inherent in the Operating

Risks Inherent in the Operating Environment	12 Months Ended
	Dec. 31, 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 assessing significant penalties or seeking settlement payments. 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, 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 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. Concentrations The Company’s subsidiaries each have demand deposits at financial institutions, often times in excess of the limit for insurance by the Federal Deposit Insurance Corporation. As of December 31, 2016, the Company had demand deposits in excess of insurance amounts of approximately $6.62 million. Loans receivable in the Consumer Finance segment are concentrated in the sub-prime market and geographically, primarily in the Midwest. For the years ended December 31, 2016 and 2015, the Consumer Finance segment had geographic economic and regulatory risk concentrations (shown as a percentage of applicable segment’s revenue by state when 10% or more) as follows: Consumer Finance Segment 2016 % of 2015 % of Nebraska 36 % 33 % North Dakota 20 % 19 % Wyoming 13 % 14 % Iowa 16 % 14 % The Company’s Wireless Retail segment is an exclusive dealer for Cricket. As a dealer operating exclusively for a single carrier, the Company is subject to a number of concentrations, including revenues from a single brand, a single supplier for phones, a single operating system provider and select third party processors. Our Direct to Consumer subsidiary JPPA has an agreement with a third party wholesale grower that is in effect until 2019. The grower has agreed to perform research for JPPA and maintain JPPA's research crop in exchange for a reduction in royalties to be paid to JPPA for growing JPPA's patented roses. There is an option to renew the agreement for consecutive two year terms and the agreement calls for a 24 month notice prior to termination. RAI has an agreement with a single third-party fulfillment provider. For non-drop ship orders, the fulfillment provider receives and stores inventory, performs periodic cycle counts, picks, packs and ships customer orders. Additional services such as, order taking, processing of customer payments, personalization, customer services, and order processing are also performed by the fulfillment provider.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Loans Receivable	3. Loans Receivable – At December 31, 2016 and December 31, 2015, the Consumer Finance segment’s outstanding loans receivable aging was as follows: December 31, 2016 Payday Installment Pawn & Total Current $ 3,683,603 $ 272,703 $ 284,460 $ 4,240,766 1-30 253,297 44,433 - 297,730 31-60 201,375 27,905 - 229,280 61-90 185,072 18,747 - 203,819 91-120 159,435 15,737 - 175,172 121-150 176,625 8,889 - 185,514 151-180 134,171 7,824 - 141,995 4,793,578 396,238 284,460 5,474,276 Less Allowance (953,000 ) (83,000 ) - (1,036,000 ) $ 3,840,578 $ 313,238 $ 284,460 $ 4,438,276 December 31, 2015 Payday Installment Pawn & 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	12 Months Ended
	Dec. 31, 2016
Provision for Loan and Lease Losses [Abstract]
Loans Receivable Allowance	4. Loans Receivable Allowance – As a result of the Company’s Consumer Finance segment’s collection efforts, it historically writes off approximately 44% of the returned payday items, the most significant element making up loans receivable. 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 – 44%; 31 to 60 days – 66%; 61 to 90 days – 84%; 91 to 120 days – 89%; and 121 to 150 – 92% and 151+ days – 93%. A rollforward of the Company’s loans receivable allowance for the year ended December 31, 2016 and 2015 is as follows: Year Ended December 31, 2016 2015 Loans receivable allowance, beginning of year $ 1,177,000 $ 1,219,000 Provision for loan losses charged to expense 1,605,867 1,904,893 Charge-offs, net (1,746,867 ) (1,946,893 ) Loans receivable allowance, end of year $ 1,036,000 $ 1,177,000

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Accounts Receivable	5. Accounts Receivable – A breakdown of accounts receivables by segment as of December 31, 2016 and 2015 are as follows: December 31, 2016 Franchise Cellular Direct to Consumer Total Accounts receivable $ 1,103,210 $ 333,800 $ 363,426 $ 12,431 $ 1,812,867 Less allowance (83,000 ) - (13,000 ) - (96,000 ) Net accounts receivable $ 1,020,210 $ 333,800 $ 350,426 $ 12,431 $ 1,716,867 December 31, 2015 Franchise Cellular Direct to Consumer Total Accounts receivable $ 1,332,446 $ 148,346 $ 754,400 $ - $ 2,235,192 Less allowance (183,000 ) - (89,000 ) - (272,000 ) Net accounts receivable $ 1,149,446 $ 148,346 $ 665,400 $ - $ 1,963,192

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	6. Property and Equipment – A rollforward of the Company’s property and equipment is as follows: December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Property and equipment $ 3,799,327 $ 506,836 $ 1,736,566 $ (423,166 ) $ 5,619,563 Leasehold improvements 721,151 - - (130,792 ) 590,359 Software 1,692,239 - 179,850 - 1,872,089 Building 5,148,703 - 44,393 (85,906 ) 5,107,190 Land 1,209,500 - - (9,500 ) 1,200,000 Other 96,311 - - (22,472 ) 73,839 12,667,231 506,836 1,960,809 (671,836 ) 14,463,040 Accumulated depreciation (4,105,910 ) - (1,196,553 ) 536,043 (4,766,420 ) $ 8,561,321 $ 506,836 $ 764,256 $ (135,793 ) $ 9,696,620 December 31, 2014 Acquisitions Additions Deletions December 31, 2015 Property and equipment $ 2,853,603 $ 1,202,435 $ 605,204 $ (861,915 ) $ 3,799,327 Leasehold improvements 787,188 - 22,766 (88,803 ) 721,151 Software 504,967 1,197,839 112,876 (123,443 ) 1,692,239 Building 85,906 5,034,348 28,449 - 5,148,703 Land 9,500 1,200,000 - - 1,209,500 Other 96,311 - - - 96,311 4,337,475 8,634,622 769,295 (1,074,161 ) 12,667,231 Accumulated depreciation (3,139,765 ) (1,334,555 ) (697,956 ) 1,066,366 (4,105,910 ) $ 1,197,710 $ 7,300,067 $ 71,339 $ (7,795 ) $ 8,561,321

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets – During the fourth quarter of 2016, the Company completed its annual impairment test of the Consumer Finance segment, resulting in an impairment charge of $7,559,063, or 100% of the goodwill in the Consumer Finance segment. There were several factors that contributed to this charge, including a voter approved measure in the state of South Dakota that resulted in our cessation of operations in that state, the overall negative rates of growth of sales, profit and cash flows from our payday operations, lowered expectations for future performance and negative state and industry factors that upwardly effected the discount rates used in the current year valuation versus those used previously. During the fourth quarter of 2016, the Company also completed the annual impairment assessments for all other segment intangible assets, determining there was no other impairment. There were no impairment charges recorded in 2015. The changes in the carrying amount of goodwill for the year ended December 31, 2016, are as follows: Wireless Retail Direct to Consumer Total Balance at December 31, 2014 Goodwill $ 4,955,140 $ - $ 8,001,728 $ 12,956,868 Accumulated impairment losses - - - - Goodwill, net of impairment losses 4,955,140 - 8,001,728 12,956,868 2015 Activity: Goodwill acquired (disposed) during year 810,144 31,244 (442,665 ) 398,723 Impairment losses - - - - Balance at December 31, 2015 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses - - - - Goodwill, net of impairment losses 5,765,284 31,244 7,559,063 13,355,591 2016 Activity: Goodwill acquired during year - - - - Impairment losses - - (7,559,063 ) (7,559,063 ) Balance at December 31, 2016 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses - - (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses $ 5,765,284 $ 31,244 $ - $ 5,796,528 A rollforward of the Company’s intangible assets is as follows: December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Customer relationships $ 6,072,912 $ 81,405 $ - $ (2,566,912 ) $ 3,587,405 Acquired franchise agreements 5,227,112 - - - 5,227,112 Other 227,000 - - - 227,000 Amortizable Intangible assets 11,527,024 81,405 - (2,566,912 ) 9,041,517 Less accumulated amortization (6,290,700 ) - (563,076 ) 2,566,912 (4,286,864 ) Net Amortizable Intangible Assets 5,236,324 81,405 (563,076 ) - 4,754,653 Non-amortizable trademarks 2,782,292 - - - 2,782,292 Intangible Assets, net $ 8,018,616 $ 81,405 $ (563,076 ) $ - $ 7,536,945 December 31, 2014 Acquisitions Additions Deletions December 31, 2015 Customer relationships $ 4,924,912 $ 1,148,000 $ - $ - $ 6,072,912 Acquired franchise agreements 5,227,112 - - - 5,227,112 Other - 227,000 - - 227,000 Amortizable Intangible assets 10,152,024 1,375,000 - - 11,527,024 Less accumulated amortization (5,685,523 ) (105,480 ) (499,697 ) - (6,290,700 ) Net Amortizable Intangible Assets 4,466,501 1,269,520 (499,697 ) - 5,236,324 Non-amortizable trademarks 2,782,292 - - - 2,782,292 Intangible Assets, net $ 7,248,793 $ 1,269,520 $ (499,697 ) $ - $ 8,018,616 As of December 31, 2016, estimated future amortization expense for the amortizable intangible assets is as follows: 2017 $ 553,993 2018 540,619 2019 528,581 2020 511,014 2021 487,797 Thereafter 2,132,649 $ 4,754,653

Note Receivable

Note Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Note Receivable	8. Note Receivable – The company is party to a secured promissory note dated November 18, 2016 with the selling parties of 53 Cricket retail locations as further discussed in Note 18. The note provides for up to $4,000,000 of advances to selling parties, accrues interest at 8%, matures on the earlier of closing or November 18, 2017 and is secured by all of the property and assets of sellers. Advances and accrued interest pursuant to the secured promissory note agreement will be credited against the amount owing to sellers.

Deferred Revenue and Other Liab

Deferred Revenue and Other Liabilities	12 Months Ended
	Dec. 31, 2016
Deferred Revenue Disclosure [Abstract]
Deferred Revenue and Other Liabilities	9. Deferred Revenue and Other Liabilities – Deferred revenue and other liabilities consisted of the following: For the Year Ended December 31, 2016 2015 Deferred financing fees $ 264,174 $ 285,452 Deferred franchise development fees 62,500 264,000 Merchandise credits and gift card liability 907,362 1,127,470 Other 193,322 119,416 Total $ 1,427,358 $ 1,796,338

Leases

Leases	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Leases	10. Leases The Company leases retail and office facilities under operating leases with terms ranging from month to month to six years, with rights to extend for additional periods. Rent expense, inclusive of base rents and common area maintenance obligations, insurance and real estate tax reimbursements, on all operations was approximately $6,610,000 and $4,490,000 in 2016 and 2015, respectively. Future minimum lease payments (in thousands) are approximately as follows: Year Ending December 31, Operating Leases 2017 $ 5,792 2018 4,805 2019 4,015 2020 2,094 2021 1,422 thereafter 219 Total minimum lease payments $ 18,347

Notes Payable - Long Term

Notes Payable - Long Term	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Notes Payable - Long Term	11. Notes Payable – Long Term – The Company’s long-term debt is as follows: December 31, 2016 2015 Note payable (with a credit limit of $3,000,000) to River City Equity, Inc., with interest payable monthly at 12%, (terminated in 2016) $ - $ 3,000,000 Revolving credit facility (with a credit limit of $3,000,000) to a financial institution with monthly payments of interest only at LIBOR plus 3.5% (4.125% at December 31, 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2018 998,426 - Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5% (terminated in 2016) - 1,625,000 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4.125% at December 31 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 3,091,667 - Note pa yab le to a financial institution with monthly principal payment of $56,667 plus interest at LIBOR plus 3.5% (4.125% at December 31 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 3,400,000 - 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% (4.125% at December 31, 2016), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,971,452 3,371,460 Total 10,461,545 7,996,460 Less current maturities (1,780,000 ) (4,900,008 ) $ 8,681,545 $ 3,096,452 Future minimum long-term principal payments are as follows: Year Ending December 31, Amount 2017 $ 1,780,000 2018 2,778,434 2019 3,551,444 2020 1,380,000 2021 971,667 Thereafter - $ 10,461,545 The Company is party to Credit Agreement with a financial institution entered into on April 22, 2016 and amended November 23, 2016. The Credit Agreement provides the Company with a revolving line of credit facility in an aggregate amount up to $3,000,000, having a maturity date of April 21, 2018 and an acquisition loan facility in an aggregate amount of up to $9,000,000, having a maturity date of April 21, 2018. The revolver and 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. Funds advanced under the acquisition loan facility 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 November 23, 2016 another $3,400,000 was advanced under the acquisition loan. At December 31, 2016 approximately $4,510,000 of credit was available under the credit facilities. See Note 18 for additional terms and conditions related to the Credit Agreement. The Company’s subsidiaries’ notes payable with financial institutions include certain financial covenants. Management has determined that the applicable subsidiaries were in compliance with these financial covenants as of December 31, 2016.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes – The Company’s provision for income taxes is as follows: For the Year Ended December 31, 2016 2015 Current: Federal $ 2,617,000 $ 1,535,444 State 325,000 305,120 Foreign 42,000 30,200 2,984,000 1,870,764 Deferred: Federal (1,748,000 ) 547,000 State (372,000 ) 64,000 (2,120,000 ) 611,000 $ 864,000 $ 2,481,764 Deferred income tax assets (liabilities) are summarized as follows: For the Year Ended December 31, 2016 2015 Allowance for accounts and loans receivable $ 428,000 $ 544,000 Inventory capitalization 98,000 120,000 Inventory reserve 38,000 75,000 Accrued expenses 155,000 198,000 Net operating losses (expires 2031) 47,000 113,000 Valuation allowance - (21,000 ) Prepaid expense (429,000 ) (374,000 ) Property and equipment (901,000 ) (721,000 ) Goodwill and intangible assets (1,211,000 ) (3,864,000 ) Capital loss carryforward (expires 2016) - 20,000 Foreign tax credits - 21,000 Net deferred income tax liability $ (1,775,000 ) $ (3,889,000 ) Reconciliations from the statutory federal income tax rate to the effective income tax rate are as follows: For the Year Ended December 31, 2016 2015 Income tax expense using the statutory federal rate $ 800,000 $ 2,047,000 State income taxes, net of federal benefit (34,000 ) 213,000 Transaction expenses 18,000 119,000 Share based compensation 18,000 41,000 Other 62,000 61,764 Income tax expense $ 864,000 $ 2,481,764 It is the Company’s practice to recognize penalties and/or interest related to income tax matters in interest and penalties expense. As of December 31, 2016 and 2015, the Company had an immaterial amount of accrued interest and penalties. The Company is subject to income taxes in the U.S. federal jurisdiction and various states and local jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Company and recognize a tax liability (or asset) if the company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Company and has concluded that as of December 31, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Company is subject to routine audits by taxing jurisdictions. Currently the Company has no federal or state audits in progress. Management believes the Company is no longer subject to income tax examinations for years prior to 2013 for all entities with the exception of one subsidiary, which management believes is no longer subject to income tax examinations for years prior to 2012.

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Equity	13. Equity – 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. Common Stock Issued As further explained in Note 16, on July 1, 2015, we issued an aggregate 3.5 million shares of common stock for the acquisition of JPPA, RAI and JPRE. This represented approximately 37% of the total issued and outstanding common stock of the Company after the issuance, which totaled 9,497,534 shares. WCR 2015 Stock Incentive Plan On February 2, 2008, the Board of Directors of the Company approved and adopted the Company’s 2008 Stock Incentive Plan, pursuant to which an aggregated of 100,000 shares of common stock have been reserved for issuance. Effective February 6, 2015, the Board of Directors terminated the earlier adopted 2008 Stock Incentive Plan and adopted the Company’s new 2015 Stock Incentive Plan. There were no incentives issued or outstanding under the terminated plan. As of December 31, 2016 65,000 options had been granted under the 2015 plan. The Board of Directors, or a committee of the board, administers the 2015 Stock Incentive Plan and has 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 2015 Stock Incentive plan permits the granting of incentives in any one or a combination of the following forms: • 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; • stock appreciation rights (often referred to as “SARs”) payable in shares of common stock; • restricted stock and restricted stock units; • performance awards of cash, stock or property; and • stock awards. The following table summarizes nonvested stock option awards outstanding at December 31, 2016 and the changes for the year then ended: Number of Shares Weighted- Average Exercise Price Per Share Weighted-Average Remaining Contractual Term ( in years Aggregate Intrinsic Value Outstanding and nonvested at December 31, 2015 65,000 $ 6.00 8.11 $ - Granted - - Vested (22,000 ) - - Forfeited - - - Outstanding and nonvested at December 31, 2016 43,000 $ 6.00 - Exercisable at December 31, 2016 22,000 The option vests in three annual and near-equal installments on each of February 8, 2016, 2017 and 2018, and has a contract life of ten years. There were 22,000 vested options at December 31, 2016. The strike price exceeded the share value at December 31, 2016 and thus there was no intrinsic value in outstanding vested options at December 31, 2016. As of December 31, 2016, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $28,000, which is expected to be recognized over a weighted-average period of approximately 1.1 years. Noncontrolling Interests The Company owns 99.2% of AGI. For financial interests in which the Company owns a controlling financial interest, the Company applies the provisions of ASC 810 which are applicable to reporting the equity and net income or loss attributable to noncontrolling interests.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2016
Dividends [Abstract]
Dividends	14. Dividends – Our Board of Directors declared the following dividends payable in 2016: Date Declared Record Date Dividend Per Share Payment Date May 24, 2016 June 6, 2016 $ 0.025 June 15, 2016 August 11, 2016 September 14, 2016 $ 0.025 September 21, 2016 November 11, 2016 December 16, 2016 $ 0.025 December 21, 2016

Other Expenses

Other Expenses	12 Months Ended
	Dec. 31, 2016
Other Expenses
Other Expenses	15. Other Expenses – A breakout of other expense is as follows: For the Year Ended December 31, 2016 2015 Bank fees $ 1,814,481 $ 1,079,930 Collection costs 397,312 431,682 Conference expense 855,982 680,991 Insurance 672,234 540,257 Management and advisory fees 805,630 578,082 Professional and consulting fees 2,094,618 1,911,163 Supplies 899,436 694,302 Other 3,312,639 2,844,765 $ 10,852,332 $ 8,761,172

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2016
Business Combination, Description [Abstract]
Acquisitions	16. Acquisitions – Cellular Retail Growth 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). The entities acquired, when combined, do not meet the 20% significant subsidiaries thresholds under Rule 210.1-02 as modified by Rule 210.3-05(b) of SEC Reg. S-X. Under the equity method of accounting, the assets acquired and liabilities assumed were recorded at their estimated fair values as of the purchase date as follows: June 1, 2015 Cash $ 389,000 Inventory 427,000 Other receivables 405,000 Property and equipment 612,000 Goodwill 578,000 Intangible assets 903,000 Other assets 69,000 Accounts payable and accrued liabilities (826,000 ) $ 2,557,000 Direct to Consumer Segment 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. In consideration for the acquisition of these businesses, the Company issued to the former owners an aggregate of 3.5 million shares of the Company’s common stock representing approximately 37% of the total issued and outstanding common stock after consummation of the acquisition. The e ntities are affiliated entities under common control and in accordance with Accounting Standards Codification Topic 805, “Business Combinations,” and the Company, as the acquirer, recognized the assets and liabilities of the target entities at their historical values as of the date of merger as follows July 1, 2015 Cash $ 2,082,000 Accounts Receivables, net 527,000 Inventory 3,170,000 Deferred income tax asset 186,000 Prepaid expense and other current assets 525,000 Property and equipment, net 6,590,000 Goodwill 31,000 Intangible assets, net 122,000 Accounts payable and accrued liabilities (2,231,000 ) Short-term notes payable (120,000 ) Income taxes payable (547,000 ) Deferred revenue and other (460,000 ) Notes payable and capital leases (3,583,000 ) Deferred income tax liability (169,000 ) $ 6,123,000 The results of the operations for the acquired business have been included in the consolidated financial statements since the date of the acquisition. The following table presents the unaudited pro forma results of operations for the year ended December 31, 2016 and 2015 (in thousands), 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 Direct to Consumer Corporate Total Year Ended December 31, 2016 Pro forma revenue $ 15,194 $ 39,236 $ 42,914 $ 11,843 $ - $ 109,187 % of total pro forma revenue 13.9 % 35.9 % 39.3 % 10.9 % - % 100.0 % Pro forma net income $ 2,538 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,479 Pro forma net income attributable to noncontrolling interests $ 21 $ - $ - $ - $ - $ 21 Pro forma net income attributable to WCR common shareholders $ 2,517 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,458 Pro forma earnings per share attributable to WCR common shareholders – basic and diluted $ 0.265 $ 0.067 $ 0.237 $ (0.349 ) $ (0.066 ) $ 0.154 Year Ended December 31, 2015 Pro forma revenue $ 13,025 $ 37,823 $ 42,738 $ 12,699 $ - $ 106,285 % of total pro forma revenue 12.3 % 35.6 % 40.2 % 11.9 % - % 100.0 % Pro forma net income $ 2,270 $ 1,167 $ 2,177 $ 952 $ (736 ) $ 5,830 Pro forma net income attributable to noncontrolling interests $ 17 $ - $ - $ - $ - $ 17 Pro forma net income attributable to WCR common shareholders $ 2,253 $ 1,167 $ 2,177 $ 952 $ (736 ) $ 5,813 Pro forma earnings per share attributable to WCR common shareholders – basic and diluted $ 0.237 $ 0.123 $ 0.229 $ 0.100 $ (0.077 ) $ 0.612

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment Information	17. Segment Information – The Company has grouped its operations into five segments – Franchise, Cellular Retail, Direct to Consumer, Consumer Finance and Corporate. The Direct to Consumer and Corporate segments were added in 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 “Direct to Consumer” segment, which consists of an online and direct marketing distribution retailer with product offerings including seeds, live goods and garden accessories operating in the retail market under Park Seed, Jackson & Perkins and Wayside Gardens, and in the wholesale market under Park Wholesale, and an online retail seller of home improvement and restoration products operating over the internet through the domain name of www.Vandykes.com and through direct mail catalogs. The Consumer Finance segment provides financial and ancillary services. The Corporate segment includes the parent company activities, inclusive of the acquisitions department and management of acquired subsidiaries. Segment information related to the years ended December 31, 2016 and 2015 is as follows: December 31, 2016 (in thousands) Franchise Cellular Direct to Consumer Corporate Total Revenue from external customers $ 15,194 $ 39,236 $ 42,914 $ 11,843 $ - $ 109,187 Depreciation and amortization $ 456 $ 786 $ 428 $ 90 $ - $ 1,760 Interest expense $ 94 $ 284 $ 150 $ - $ - $ 528 Income tax expense (benefit) $ 1,575 $ 437 $ 1,197 $ (2,027 ) $ (318 ) $ 864 Net income (loss) $ 2,538 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,479 Total segment assets $ 11,322 $ 23,448 $ 16,580 $ 8,471 $ 390 $ 60,211 Expenditures for segmented assets $ 18 $ 2,292 $ 193 $ 46 $ - $ 2,549 December 31, 2015 (in thousands) Franchise Cellular Direct to Consumer Corporate Total Revenue from external customers $ 13,025 $ 32,846 $ 17,884 $ 12,699 $ - $ 76,454 Depreciation and amortization $ 441 $ 430 $ 214 $ 113 $ - $ 1,198 Interest expense $ 202 $ 284 $ 90 $ - $ - $ 576 Income tax expense (benefit) $ 1,373 $ 632 $ 207 $ 574 $ (304 ) $ 2,482 Net income (loss) $ 2,270 $ 1,110 $ 243 $ 952 $ (1,038 ) $ 3,537 Total segment assets $ 10,079 $ 14,180 $ 15,878 $ 15,511 $ 537 $ 56,185 Expenditures for segmented assets $ 113 $ 3,865 $ 304 $ 45 $ 14 $ 4,341

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	18. Commitments and Contingencies – Employment Agreements The Company is party to an employment agreement with its Chief Executive Officer, Mr. John Quandahl. The agreement runs from April 1, 2016 through March 2019. The agreement provides an annual base salary, eligibility for an annual performance-based cash bonus pool for management and contains customary non-solicitation and non-competition provisions as well as provisions for severance payments upon termination by the Company without cause or upon termination by Mr. Quandahl with good reason. Effective February 9, 2015, the Company entered into a three-year employment agreement with Angel Donchev, its Chief Investment Officer (CIO). Pursuant to that agreement, the CIO is eligible for a discretionary annual performance-based bonus up to $200,000. In connection with the employment agreement, the Company granted the CIO 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. 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. The agreement also contains customary non-solicitation and non-competition provisions as well as provisions for severance payments upon termination by the Company without cause. Pursuant to the numerous employment agreements, bonuses of approximately $1,149,000 and $1,008,000 were accrued for the year ended December 31, 2016 and 2015, respectively. Credit Facility The company is party to 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, and (b) no default shall have occurred and be continuing under the Credit Agreement. Some covenant waivers were granted by the financial institution during the period ended December 31, 2016. 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. Asset Purchase Agreement PQH entered into an Asset Purchase Agreement for the acquisition of 20 Cricket Wireless retail locations for $2,050,000 and an option to purchase an additional 33 locations for an aggregate purchase price of $7,200,000 (with the seller having an option to retain a 30% ownership in our subsidiary that intends to purchase all 53 stores), with a corresponding adjustment to the purchase price. Closing of the transaction is pending. Vendor Service Agreement In September 2015, AGI entered into a service agreement with a vendor for approximately $680,000. The vendor will provide services over a three year period. Legal Proceedings The Company is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. The Company does not believe that such normal and routine litigation will have a material impact on its consolidated financial results.

Management and Advisory Agreeme

Management and Advisory Agreement	12 Months Ended
	Dec. 31, 2016
Management And Advisory Agreement
Management and Advisory Agreement	19. Management and Advisory Agreement – The Company is party to an Amended and Restated Management and Advisory Agreement with Blackstreet Capital Management, LLC, (“Blackstreet”) under which Blackstreet provides certain financial, managerial, strategic and operating advice and assistance to the Company. The amended and restated agreement requires the Company to pay Blackstreet a fee in an amount equal to $400,000 upon the closing of an acquisition in consideration for Blackstreet’s referral to the Company of such acquisition opportunity, and Blackstreet’s assistance in the performance of due diligence services relating thereto. Any fees which may have been payable per these terms related to the AGI, JPPA, RAI and JPRE acquisitions were waived by Blackstreet. Effective July 1, 2015 the agreement with Blackstreet was amended. The annual fees under the amended and restated contract will be the greater of (i) $612,100 (subject to annual increases of five percent) or (ii) five percent of Western Capital’s “EBITDA” as defined under the agreement. All other terms and provisions remain unmodified. Finally, the amended and restated agreement provides that a termination fee will be paid to Blackstreet in the event that the Company terminates the agreement in connection with a sale of all or substantially all of the assets of the Company to, or any merger or other transaction with, an unaffiliated entity, which transaction results in the holders of a majority of the stock of the Company immediately prior to such transaction owning less than 50% of the stock of the Company (or any successor entity) after giving effect to the transaction. The annual management and advisory fees related to the Amended and Restated Management and Advisory Agreement with Blackstreet for the year ended December 31, 2016 and 2015 were $705,630 and $478,002, respectively.

Special Committee of the Board

Special Committee of the Board of Directors	12 Months Ended
	Dec. 31, 2016
Special Committee Of Board Of Directors
Special Committee of the Board of Directors	20. Special Committee of the Board of Directors – The Board of Directors has appointed Mr. Ellery Roberts to various special committees of the board. Annual Director and special committee fees expense was $30,000 and $50,000 for the year ended December 31, 2016 and 2015, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	21. Related Party Transactions – Leases The Company leases three properties from an officer of the Company and another party under operating leases, one that is month-to-month, requiring monthly lease payments of $1,680, one that extends through June 2020, requiring monthly lease payments of $1,200, and one that extends through November 2017, requiring monthly lease payments of $5,000. In October 2012, the Company entered into the latter lease. The lease is for a term of five years and has monthly base rental payments of $5,000 per month. The lease is at terms substantially similar to other leases for property near that location. The lease transaction was approved by the Board of Directors and the related party abstained from voting. This property is used for a Cricket retail storefront. On August 31 2011, the Company entered into two operating leases for property owned by Ladary, LLC. Ladary, which acquired the two properties in foreclosure sales, is partially owned by the Chief Executive Officer of the Company, three current or past directors and one employee of the management company that manages the Company’s largest shareholder. The leases, one of which replaced an earlier lease that the Company had entered into with the prior landlord, have four-year terms, require aggregate monthly rental payments of $6,000, and are on terms and conditions substantially similar to those contained in the replaced leases. Annual rent expense to related parties for the five retail locations for 2016 and 2015 was approximately $170,000 and $171,000, respectively. Credit Facility On December 7, 2012 (and later amended on March 21, 2014, September 30, 2014 and May 21, 2015), we entered in a borrowing arrangement with River City Equity, Inc. Under this arrangement, as amended, we may borrow up to $3.0 million at an interest rate of 12% per annum, with interest payable on a monthly basis. The note contains no prepayment penalties, and pursuant to the May 21, 2015 amendment, matured on June 30, 2016. The note was terminated in April 2016.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	22. Subsequent Events – Share Redemption On March 10, 2017, we entered into a Stock Redemption Agreement that provided for the redemption of 106,873 shares of our common stock held by a stockholder in exchange for a cash payment by us of $4.50 per share, or an aggregate purchase price of $480,928.14.

Basis of Presentation, Nature29

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation / Nature of Business	Basis of Presentation / 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 256 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. (PQH) (100%) – operates cellular retail stores (145 owned and operated plus 53 operated under management agreement as of December 31, 2016), 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 “payday” stores (40 as of December 31, 2016) in seven states (Colorado, Iowa, Kansas, Nebraska, North 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 retail pawn stores (three as of December 31, 2016) 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 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 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 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, gift certificate and merchandise credits liability and deferred taxes and tax uncertainties.
Revenue Recognition	Revenue Recognition Franchise Royalty revenues from franchisees are primarily based on a percentage of business center sales and are recognized in the period in which they are earned. Initial franchise fee revenues are recognized when the obligations required by the franchise agreement have been substantially performed by AGI, which is generally upon the training of the franchisee. Revenues from area development franchise fees and International Master License Agreement (IML) fees are recognized when the obligations required by the area development and IML agreements have been substantially performed. Service fees and other revenues are recognized when services are provided. Cellular Retail Sales revenue for sales of phones and accessories and dealer compensation for related activations is recognized in the period in which the sale is completed (retail sales and associated fees). Customer service fees are recognized upon completion of the service and payment received. Other dealer compensation not attributed to phone activations is recorded in the period earned as reported to us by Cricket Wireless. All sales are presented net of sales taxes, which are excluded from revenue. Direct to Consumer Sales revenue is recognized in the period in which product is shipped. Sales billed or cash received in advance of actual shipment are deferred and recorded as income in the period in which shipment is made. Shipping and handling fees billed to customers is included in net sales. Shipping and handling costs are expensed as incurred and included in cost of sales. All sales are presented net of sales taxes, which are excluded from revenue. Consumer Finance Loan fees and interest on cash advance loans are recognized on a constant-yield basis ratably over a loan’s term. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable and installment loan maintenance fees are recognized when earned. The Company recognizes fees on pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans.
Receivables and Loss Allowance	Receivables and Loss Allowance Franchise Accounts receivable are recorded for earned but uncollected royalties and other related franchise fees. Allowances are provided on an account-by-account basis for estimated uncollectible accounts as deemed necessary by management. The Company considers current economic trends and changes in payment terms when evaluating the adequacy of the allowance. Direct to Consumer Receivables, for noncash sales, are recorded when orders are shipped and represent claims against third parties that will be settled in cash. The carrying value of receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The allowance for doubtful accounts is estimated based on historical collection trends, type of customer, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past due receivable balances are written-off when internal collection efforts have been unsuccessful in collecting the amount due. Consumer Finance Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances. Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons. All returned items are charged-off after 180 days, as collections after that date have not been significant. Loans are carried at cost plus accrued interest or fees less payments made and a loans receivable allowance. The Company does not specifically reserve for any individual payday, installment or title loan. The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio. This methodology takes into account several factors, including (1) the amount of loan principal, interest and fee outstanding, (2) historical charge offs from loans that originated during the last 24 months, (3) current and expected collection patterns and (4) current economic trends. The Company utilizes a software program to assist with the tracking of its historical portfolio statistics. A loan loss allowance is maintained for anticipated losses for payday and installment loans based primarily on our historical percentages by loan type of net charge offs, applied against the applicable balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods. Loan losses or charge-offs of pawn or title loans are not recorded because the value of the collateral exceeds the loan amount.
Inventory	Inventory Cellular Retail Inventory, consisting of phones and accessories, is stated at cost, determined on the specific identification and a first-in, first-out basis, respectively. Direct to Consumer Inventory is valued at the lower of cost or market using the weighted-average method of determining cost. Consumer Finance Merchandise inventory is stated at the lower of cost or market. The principal amount of an unpaid loan becomes the inventory cost for forfeited collateral.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: • Computer equipment and software 3 – 10 years • Improvements and equipment 3 – 15 years • Building 39 years The cost of maintenance and repairs is charged to operations as incurred while renewals and betterments are capitalized. The Company capitalizes certain internal costs, including payroll costs, incurred in connection with the development of software for internal use. These costs are capitalized beginning when the Company has entered the application development stage. The capitalization of these costs ceases when the software is substantially complete and ready for its intended use. Only costs incurred for enhancements that are expected to result in additional features or functionality are capitalized and expensed over the estimated useful life of the enhancements.
Goodwill	Goodwill Goodwill represents the excess of cost over the fair value of net assets acquired using purchase accounting and is not amortized.
Intangible Assets	Intangible Assets Intangible assets represent the fair values management assigned to assets acquired through business acquisitions and is amortized over periods of three to 15 years based on management’s estimates of the useful life of the asset.
Long-Lived Assets	Long-Lived Assets The Company assesses the possibility of impairment of long-lived and intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors that could trigger an impairment review include significant underperformance relative to expected historical or projected future cash flows, significant changes in the manner of use of acquired assets or the strategy for the overall business, and significant negative industry events or trends. In addition, the Company conducts an annual goodwill impairment test as of October 1 each year. The Company assesses goodwill for impairment at the reporting unit level by applying a fair value test. This fair value test involves a two-step process. The first step is to compare the carrying value of our net assets to our fair value. If the fair value is determined to be less than the carrying value, a second step is performed to measure the amount of the impairment, if any. Due to the minimal amount of public float for the Company’s common stock, the market capitalization approach of valuing the reporting unit as a whole is not practical. The discounted future cash flows method is utilized in estimating value. As further discussed in Note 7, when estimated future cash flows are less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any.
Merchandise Credits and Gift Card Liabilities	Merchandise Credits and Gift Card Liabilities Direct to Consumer The Company maintains a liability for unredeemed gift cards, gift certificates and merchandise credits until the earlier of redemption, escheatment or a maximum of two years. The Company has concluded based on historical redemption trends that the likelihood of these liabilities being redeemed beyond two years from the date of issuance is remote. The liability is also reserved for estimated redemption rates which management bases on historical trends.
Advertising, Marketing and Development Costs	Advertising, Marketing and Development Costs Franchise The costs of advertising, marketing and development are expenses as incurred. Certain amounts received from franchisees for marketing and advertising campaigns benefiting the franchisees are held in the AlphaGraphics Integrated Marketing Fund. AGI controls the manner in which these funds are spent. In addition to advertising, marketing and development expenses, fund expenses include general operating expenses such as reasonable salaries, travel related expenditures, administrative expenses, and overhead incurred by AGI on behalf of the fund. Amounts in the fund and the related revenues and expenses are not reflected in the accompanying consolidated financial statements. AGI may direct that the amount spent in any fiscal year is greater or less than the aggregate contributions made by the franchisees into the fund. Direct to Consumer The Company expenses advertising costs as they are incurred, except for direct-response advertising, which is capitalized and amortized over its expected period of future benefits, not to exceed six months. Direct-response advertising consists primarily of catalog book production, printing, and postage costs. Prepaid advertising costs at December 31, 2016 and 2015 were $1.08 million and $0.92 million, respectively. Consumer Finance The costs of advertising and marketing are expenses as incurred.
Stock-based Compensation	Stock-based Compensation 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. 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.
Income Taxes	Income Taxes Deferred income taxes reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts, based on enacted tax laws and statutory tax rates applicable in the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents taxes paid or payable for the current year and changes during the year in deferred tax assets and liabilities.
Net Income Per Common Share	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 potentially dilutive 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 13) were outstanding at December 31, 2016. These options have a strike price in excess of the market price as of December 31, 2016 and 2015, were antidilutive and therefore not included in the computation of diluted earnings per share. Thus, there were no dilutive common shares as of December 31, 2016 and 2015.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The amounts reported in the balance sheets for cash, accounts and loans receivable, inventory, and accounts payable are short-term in nature and their carrying values approximate fair values. The amounts reported in the balance sheets for notes payable are both long-term and short-term and their carrying value approximates fair value.
Reclassifications	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 year ended December 31, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) related to balance sheet classification of deferred taxes which will require entities to present deferred tax assets (DTAs) and deferred tax liabilities (DTAs) as noncurrent in a classified balance sheet. The ASU simplifies the current guidance (ASC 740-10-45-4, which requires entities to separately present DTAs and DTLs as current and noncurrent in a classified balance sheet. The ASU is effective for annual reporting periods beginning on after December 15, 2016 and interim periods within that annual period, with early adoption permitted. The Company early adopted the ASU 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 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 2016-02, Leases (Topic 842) related to recognition of lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that annual period, with early adoption permitted and to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) related to the measurement of credit losses on financial instruments. 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. The ASU is effective for annual reporting periods beginning after December 15, 2018 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. No other new accounting pronouncements issued or effective during the fiscal year have had or are expected to have a material impact on the consolidated financial statements.

Basis of Presentation, Nature30

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of property and equipment estimated useful lives	Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: • Computer equipment and software 3 – 10 years • Improvements and equipment 3 – 15 years • Building 39 years

Risks Inherent in the Operati31

Risks Inherent in the Operating Environment (Tables)	12 Months Ended
	Dec. 31, 2016
Risks and Uncertainties [Abstract]
Schedule of geographic economic and regulatory risk concentrations	For the years ended December 31, 2016 and 2015, the Consumer Finance segment had geographic economic and regulatory risk concentrations (shown as a percentage of applicable segment’s revenue by state when 10% or more) as follows: Consumer Finance Segment 2016 % of 2015 % of Nebraska 36 % 33 % North Dakota 20 % 19 % Wyoming 13 % 14 % Iowa 16 % 14 %

Loans Receivable (Table)

Loans Receivable (Table)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of outstanding loans receivable aging	At December 31, 2016 and December 31, 2015, the Consumer Finance segment’s outstanding loans receivable aging was as follows: December 31, 2016 Payday Installment Pawn & Total Current $ 3,683,603 $ 272,703 $ 284,460 $ 4,240,766 1-30 253,297 44,433 - 297,730 31-60 201,375 27,905 - 229,280 61-90 185,072 18,747 - 203,819 91-120 159,435 15,737 - 175,172 121-150 176,625 8,889 - 185,514 151-180 134,171 7,824 - 141,995 4,793,578 396,238 284,460 5,474,276 Less Allowance (953,000 ) (83,000 ) - (1,036,000 ) $ 3,840,578 $ 313,238 $ 284,460 $ 4,438,276 December 31, 2015 Payday Installment Pawn & 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)	12 Months Ended
	Dec. 31, 2016
Provision for Loan and Lease Losses [Abstract]
Schedule of loans receivable allowance	A rollforward of the Company’s loans receivable allowance for the year ended December 31, 2016 and 2015 is as follows: Year Ended December 31, 2016 2015 Loans receivable allowance, beginning of year $ 1,177,000 $ 1,219,000 Provision for loan losses charged to expense 1,605,867 1,904,893 Charge-offs, net (1,746,867 ) (1,946,893 ) Loans receivable allowance, end of year $ 1,036,000 $ 1,177,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of accounts receivables	A breakdown of accounts receivables by segment as of December 31, 2016 and 2015 are as follows: December 31, 2016 Franchise Cellular Direct to Consumer Total Accounts receivable $ 1,103,210 $ 333,800 $ 363,426 $ 12,431 $ 1,812,867 Less allowance (83,000 ) - (13,000 ) - (96,000 ) Net accounts receivable $ 1,020,210 $ 333,800 $ 350,426 $ 12,431 $ 1,716,867 December 31, 2015 Franchise Cellular Direct to Consumer Total Accounts receivable $ 1,332,446 $ 148,346 $ 754,400 $ - $ 2,235,192 Less allowance (183,000 ) - (89,000 ) - (272,000 ) Net accounts receivable $ 1,149,446 $ 148,346 $ 665,400 $ - $ 1,963,192

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	A rollforward of the Company’s property and equipment is as follows: December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Property and equipment $ 3,799,327 $ 506,836 $ 1,736,566 $ (423,166 ) $ 5,619,563 Leasehold improvements 721,151 - - (130,792 ) 590,359 Software 1,692,239 - 179,850 - 1,872,089 Building 5,148,703 - 44,393 (85,906 ) 5,107,190 Land 1,209,500 - - (9,500 ) 1,200,000 Other 96,311 - - (22,472 ) 73,839 12,667,231 506,836 1,960,809 (671,836 ) 14,463,040 Accumulated depreciation (4,105,910 ) - (1,196,553 ) 536,043 (4,766,420 ) $ 8,561,321 $ 506,836 $ 764,256 $ (135,793 ) $ 9,696,620 December 31, 2014 Acquisitions Additions Deletions December 31, 2015 Property and equipment $ 2,853,603 $ 1,202,435 $ 605,204 $ (861,915 ) $ 3,799,327 Leasehold improvements 787,188 - 22,766 (88,803 ) 721,151 Software 504,967 1,197,839 112,876 (123,443 ) 1,692,239 Building 85,906 5,034,348 28,449 - 5,148,703 Land 9,500 1,200,000 - - 1,209,500 Other 96,311 - - - 96,311 4,337,475 8,634,622 769,295 (1,074,161 ) 12,667,231 Accumulated depreciation (3,139,765 ) (1,334,555 ) (697,956 ) 1,066,366 (4,105,910 ) $ 1,197,710 $ 7,300,067 $ 71,339 $ (7,795 ) $ 8,561,321

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amount of goodwill	The changes in the carrying amount of goodwill for the year ended December 31, 2016, are as follows: Wireless Retail Direct to Consumer Total Balance at December 31, 2014 Goodwill $ 4,955,140 $ - $ 8,001,728 $ 12,956,868 Accumulated impairment losses - - - - Goodwill, net of impairment losses 4,955,140 - 8,001,728 12,956,868 2015 Activity: Goodwill acquired (disposed) during year 810,144 31,244 (442,665 ) 398,723 Impairment losses - - - - Balance at December 31, 2015 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses - - - - Goodwill, net of impairment losses 5,765,284 31,244 7,559,063 13,355,591 2016 Activity: Goodwill acquired during year - - - - Impairment losses - - (7,559,063 ) (7,559,063 ) Balance at December 31, 2016 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses - - (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses $ 5,765,284 $ 31,244 $ - $ 5,796,528
Schedule of intangible assets	A rollforward of the Company’s intangible assets is as follows: December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Customer relationships $ 6,072,912 $ 81,405 $ - $ (2,566,912 ) $ 3,587,405 Acquired franchise agreements 5,227,112 - - - 5,227,112 Other 227,000 - - - 227,000 Amortizable Intangible assets 11,527,024 81,405 - (2,566,912 ) 9,041,517 Less accumulated amortization (6,290,700 ) - (563,076 ) 2,566,912 (4,286,864 ) Net Amortizable Intangible Assets 5,236,324 81,405 (563,076 ) - 4,754,653 Non-amortizable trademarks 2,782,292 - - - 2,782,292 Intangible Assets, net $ 8,018,616 $ 81,405 $ (563,076 ) $ - $ 7,536,945 December 31, 2014 Acquisitions Additions Deletions December 31, 2015 Customer relationships $ 4,924,912 $ 1,148,000 $ - $ - $ 6,072,912 Acquired franchise agreements 5,227,112 - - - 5,227,112 Other - 227,000 - - 227,000 Amortizable Intangible assets 10,152,024 1,375,000 - - 11,527,024 Less accumulated amortization (5,685,523 ) (105,480 ) (499,697 ) - (6,290,700 ) Net Amortizable Intangible Assets 4,466,501 1,269,520 (499,697 ) - 5,236,324 Non-amortizable trademarks 2,782,292 - - - 2,782,292 Intangible Assets, net $ 7,248,793 $ 1,269,520 $ (499,697 ) $ - $ 8,018,616
Schedule of estimated future amortization expense	As of December 31, 2016, estimated future amortization expense for the amortizable intangible assets is as follows: 2017 $ 553,993 2018 540,619 2019 528,581 2020 511,014 2021 487,797 Thereafter 2,132,649 $ 4,754,653

Deferred Revenue and Other Li37

Deferred Revenue and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Deferred Revenue Disclosure [Abstract]
Schedule of deferred revenue and other liabilities	Deferred revenue and other liabilities consisted of the following: For the Year Ended December 31, 2016 2015 Deferred financing fees $ 264,174 $ 285,452 Deferred franchise development fees 62,500 264,000 Merchandise credits and gift card liability 907,362 1,127,470 Other 193,322 119,416 Total $ 1,427,358 $ 1,796,338

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of future minimum base lease payments	Future minimum lease payments (in thousands) are approximately as follows: Year Ending December 31, Operating Leases 2017 $ 5,792 2018 4,805 2019 4,015 2020 2,094 2021 1,422 thereafter 219 Total minimum lease payments $ 18,347

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	The Company’s long-term debt is as follows: December 31, 2016 2015 Note payable (with a credit limit of $3,000,000) to River City Equity, Inc., with interest payable monthly at 12%, (terminated in 2016) $ - $ 3,000,000 Revolving credit facility (with a credit limit of $3,000,000) to a financial institution with monthly payments of interest only at LIBOR plus 3.5% (4.125% at December 31, 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2018 998,426 - Subsidiary note payable to a financial institution with quarterly principal payments of $375,000 plus interest at prime rate plus 2.5% (terminated in 2016) - 1,625,000 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4.125% at December 31 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 3,091,667 - Note pa yab le to a financial institution with monthly principal payment of $56,667 plus interest at LIBOR plus 3.5% (4.125% at December 31 2016), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 3,400,000 - 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% (4.125% at December 31, 2016), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,971,452 3,371,460 Total 10,461,545 7,996,460 Less current maturities (1,780,000 ) (4,900,008 ) $ 8,681,545 $ 3,096,452
Schedule of future minimum long-term principal payments	Future minimum long-term principal payments are as follows: Year Ending December 31, Amount 2017 $ 1,780,000 2018 2,778,434 2019 3,551,444 2020 1,380,000 2021 971,667 Thereafter - $ 10,461,545

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The Company’s provision for income taxes is as follows: For the Year Ended December 31, 2016 2015 Current: Federal $ 2,617,000 $ 1,535,444 State 325,000 305,120 Foreign 42,000 30,200 2,984,000 1,870,764 Deferred: Federal (1,748,000 ) 547,000 State (372,000 ) 64,000 (2,120,000 ) 611,000 $ 864,000 $ 2,481,764
Schedule of deferred income tax assets (liabilities)	Deferred income tax assets (liabilities) are summarized as follows: For the Year Ended December 31, 2016 2015 Allowance for accounts and loans receivable $ 428,000 $ 544,000 Inventory capitalization 98,000 120,000 Inventory reserve 38,000 75,000 Accrued expenses 155,000 198,000 Net operating losses (expires 2031) 47,000 113,000 Valuation allowance - (21,000 ) Prepaid expense (429,000 ) (374,000 ) Property and equipment (901,000 ) (721,000 ) Goodwill and intangible assets (1,211,000 ) (3,864,000 ) Capital loss carryforward (expires 2016) - 20,000 Foreign tax credits - 21,000 Net deferred income tax liability $ (1,775,000 ) $ (3,889,000 )
Schedule of effective income tax rate	Reconciliations from the statutory federal income tax rate to the effective income tax rate are as follows: For the Year Ended December 31, 2016 2015 Income tax expense using the statutory federal rate $ 800,000 $ 2,047,000 State income taxes, net of federal benefit (34,000 ) 213,000 Transaction expenses 18,000 119,000 Share based compensation 18,000 41,000 Other 62,000 61,764 Income tax expense $ 864,000 $ 2,481,764

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Schedule of nonnvested stock option awards outstanding	The following table summarizes nonvested stock option awards outstanding at December 31, 2016 and the changes for the year then ended: Number of Weighted- Weighted-Average in years Aggregate Outstanding and nonvested at December 31, 2015 65,000 $ 6.00 8.11 $ - Granted - - Vested (22,000 ) - - Forfeited - - - Outstanding and nonvested at December 31, 2016 43,000 $ 6.00 - Exercisable at December 31, 2016 22,000

Dividends (Tables)

Dividends (Tables)	12 Months Ended
	Dec. 31, 2016
Dividends, Common Stock [Abstract]
Schedule of dividends payable	Our Board of Directors declared the following dividends payable in 2016: Date Declared Record Date Dividend Per Share Payment Date May 24, 2016 June 6, 2016 $ 0.025 June 15, 2016 August 11, 2016 September 14, 2016 $ 0.025 September 21, 2016 November 11, 2016 December 16, 2016 $ 0.025 December 21, 2016

Other Expenses (Tables)

Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2016
Other Expenses
Schedule of other expense	A breakout of other expense is as follows: For the Year Ended December 31, 2016 2015 Bank fees $ 1,814,481 $ 1,079,930 Collection costs 397,312 431,682 Conference expense 855,982 680,991 Insurance 672,234 540,257 Management and advisory fees 805,630 578,082 Professional and consulting fees 2,094,618 1,911,163 Supplies 899,436 694,302 Other 3,312,639 2,844,765 $ 10,852,332 $ 8,761,172

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combination, Description [Abstract]
Schedule of purchase price allocations	Under the equity method of accounting, the assets acquired and liabilities assumed were recorded at their estimated fair values as of the purchase date as follows: June 1, 2015 Cash $ 389,000 Inventory 427,000 Other receivables 405,000 Property and equipment 612,000 Goodwill 578,000 Intangible assets 903,000 Other assets 69,000 Accounts payable and accrued liabilities (826,000 ) $ 2,557,000 The e ntities are affiliated entities under common control and in accordance with Accounting Standards Codification Topic 805, “Business Combinations,” and the Company, as the acquirer, recognized the assets and liabilities of the target entities at their historical values as of the date of merger as follows July 1, 2015 Cash $ 2,082,000 Accounts Receivables, net 527,000 Inventory 3,170,000 Deferred income tax asset 186,000 Prepaid expense and other current assets 525,000 Property and equipment, net 6,590,000 Goodwill 31,000 Intangible assets, net 122,000 Accounts payable and accrued liabilities (2,231,000 ) Short-term notes payable (120,000 ) Income taxes payable (547,000 ) Deferred revenue and other (460,000 ) Notes payable and capital leases (3,583,000 ) Deferred income tax liability (169,000 ) $ 6,123,000
Schedule of business acquisition, pro forma	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 Y ear Ended December 31, 2016 Pro forma revenue $ 15,194 $ 39,236 $ 42,914 $ 11,843 $ - $ 109,187 % of total pro forma revenue 13.9 % 35.9 % 39.3 % 10.9 % - % 100.0 % Pro forma net income $ 2,538 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,479 Pro forma net income attributable to noncontrolling interests $ 21 $ - $ - $ - $ - $ 21 Pro forma net income attributable to WCR common shareholders $ 2,517 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,458 Pro forma earnings per share attributable to WCR common shareholders – basic and diluted $ 0.265 $ 0.067 $ 0.237 $ (0.349 ) $ (0.066 ) $ 0.154 Year Ended December 31, 2015 Pro forma revenue $ 13,025 $ 37,823 $ 42,738 $ 12,699 $ - $ 106,285 % of total pro forma revenue 12.3 % 35.6 % 40.2 % 11.9 % - % 100.0 % Pro forma net income $ 2,270 $ 1,167 $ 2,177 $ 952 $ (736 ) $ 5,830 Pro forma net income attributable to noncontrolling interests $ 17 $ - $ - $ - $ - $ 17 Pro forma net income attributable to WCR common shareholders $ 2,253 $ 1,167 $ 2,177 $ 952 $ (736 ) $ 5,813 Pro forma earnings per share attributable to WCR common shareholders – basic and diluted $ 0.237 $ 0.123 $ 0.229 $ 0.100 $ (0.077 ) $ 0.612

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the years ended December 31, 2016 and 2015 is as follows: December 31, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 15,194 $ 39,236 $ 42,914 $ 11,843 $ - $ 109,187 Depreciation and amortization $ 456 $ 786 $ 428 $ 90 $ - $ 1,760 Interest expense $ 94 $ 284 $ 150 $ - $ - $ 528 Income tax expense (benefit) $ 1,575 $ 437 $ 1,197 $ (2,027 ) $ (318 ) $ 864 Net income (loss) $ 2,538 $ 639 $ 2,245 $ (3,318 ) $ (625 ) $ 1,479 Total segment assets $ 11,322 $ 23,448 $ 16,580 $ 8,471 $ 390 $ 60,211 Expenditures for segmented assets $ 18 $ 2,292 $ 193 $ 46 $ - $ 2,549 December 31, 2015 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 13,025 $ 32,846 $ 17,884 $ 12,699 $ - $ 76,454 Depreciation and amortization $ 441 $ 430 $ 214 $ 113 $ - $ 1,198 Interest expense $ 202 $ 284 $ 90 $ - $ - $ 576 Income tax expense (benefit) $ 1,373 $ 632 $ 207 $ 574 $ (304 ) $ 2,482 Net income (loss) $ 2,270 $ 1,110 $ 243 $ 952 $ (1,038 ) $ 3,537 Total segment assets $ 10,079 $ 14,180 $ 15,878 $ 15,511 $ 537 $ 56,185 Expenditures for segmented assets $ 113 $ 3,865 $ 304 $ 45 $ 14 $ 4,341

Basis of Presentation, Nature46

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)Numbershares	Dec. 31, 2015USD ($)
Prepaid advertising costs | $	$ 1,080,000	$ 920,000
Accounting Standards Update 2015-17 [Member]
Decrease in current deferred tax assets | $	560,000
Decrease in noncurrent deferred tax liabilities | $	$ 560,000
Building [Member]
Useful lives	P39Y
2015 Stock Incentive Plan [Member]
Number of shares, granted | shares	65,000
Minimum [Member]
Finite-lived intangible asset, useful life	3 years
Minimum [Member] | Computer Equipment and Software [Member]
Useful lives	P3Y
Minimum [Member] | Improvements and Equipment [Member]
Useful lives	P3Y
Maximum [Member]
Finite-lived intangible asset, useful life	15 years
Maximum [Member] | Computer Equipment and Software [Member]
Useful lives	P10Y
Maximum [Member] | Improvements and Equipment [Member]
Useful lives	P15Y
Franchising [Member] | Alpha Graphics, Inc. [Member]
Number of domestic business centers | Number	256
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	145
Percentage of equity method investment	100.00%
Cellular Retail [Member] | PQH Wireless, Inc. [Member] | Management Agreement [Member]
Number of stores | Number	53
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	40
Percentage of equity method investment	100.00%
Number of states in which entity operates | Number	7
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%

Risks Inherent in the Operati47

Risks Inherent in the Operating Environment (Details) - Consumer Finance Segment [Member]	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Nebraska [Member]
Percentage of revenues	36.00%	33.00%
North Dakota [Member]
Percentage of revenues	20.00%	19.00%
Wyoming [Member]
Percentage of revenues	13.00%	14.00%
Iowa [Member]
Percentage of revenues	16.00%	14.00%

Risks Inherent in the Operati48

Risks Inherent in the Operating Environment (Details Narrative)	Dec. 31, 2016USD ($)
Risks and Uncertainties [Abstract]
WCRS Cash,Excess Over FDIC Insured Amount	$ 6,620,000

Loans Receivable (Details)

Loans Receivable (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 5,474,276	$ 6,061,438
Less Allowance	(1,036,000)	(1,177,000)
Notes, Loans and Financing Receivable, Net, current	4,438,276	4,884,438
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,240,766	4,644,167
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	297,730	375,396
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	229,280	287,719
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	203,819	215,819
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	175,172	205,540
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	185,514	165,371
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	141,995	167,426
Payday and Title Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,793,578	5,382,681
Less Allowance	(953,000)	(1,081,000)
Notes, Loans and Financing Receivable, Net, current	3,840,578	4,301,681
Payday and Title Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,683,603	4,065,706
Payday and Title Loans [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	253,297	332,217
Payday and Title Loans [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	201,375	263,486
Payday and Title Loans [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	185,072	199,526
Payday and Title Loans [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	159,435	196,123
Payday and Title Loans [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	176,625	160,386
Payday and Title Loans [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	134,171	165,237
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	396,238	392,243
Less Allowance	(83,000)	(96,000)
Notes, Loans and Financing Receivable, Net, current	313,238	296,243
Installment Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	272,703	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	44,433	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	27,905	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	18,747	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	15,737	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	8,889	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	7,824	2,189
Pawn Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	284,460	286,514
Less Allowance
Notes, Loans and Financing Receivable, Net, current	284,460	286,514
Pawn Title [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	284,460	$ 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 ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable allowance, beginning of year	$ 1,177,000	$ 1,219,000
Provision for loan losses charged to expense	1,605,867	1,904,893
Charge-offs, net	(1,746,867)	(1,946,893)
Loans receivable allowance, end of year	$ 1,036,000	$ 1,177,000

Loans Receivable Allowance (D51

Loans Receivable Allowance (Details Narrative)	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	44.00%
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	44.00%
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	66.00%
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	84.00%
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	89.00%
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	92.00%
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	93.00%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts receivable	$ 1,812,867	$ 2,235,192
Less allowance	(96,000)	(272,000)
Net account receivable	1,716,867	1,963,192
Franchise [Member]
Accounts receivable	1,103,210	1,332,446
Less allowance	(83,000)	(183,000)
Net account receivable	1,020,210	1,149,446
Cellular Retail [Member]
Accounts receivable	333,800	148,346
Less allowance
Net account receivable	333,800	148,346
Direct to Consumer [Member]
Accounts receivable	363,426	754,400
Less allowance	(13,000)	(89,000)
Net account receivable	350,426	$ 665,400
Consumer Finance [Member]
Accounts receivable	12,431
Less allowance
Net account receivable	$ 12,431

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,463,040	$ 12,667,231	$ 4,337,475
Property, plant and equipment, acquisitions, gross	506,836	8,634,622
Property, plant and equipment, additions, gross	1,960,809	769,295
Property, plant and equipment, deletions, gross	(671,836)	(1,074,161)
Accumulated depreciation	(4,766,420)	(4,105,910)	(3,139,765)
Accumulated depreciation, acquisition		(1,334,555)
Accumulated depreciation, additions	(1,196,553)	(697,956)
Accumulated depreciation, deletions	536,043	1,066,366
Property, plant and equipment, net	9,696,620	8,561,321	1,197,710
Property, plant and equipment, acquisitions, net	506,836	7,300,067
Property, plant and equipment, additions, net	764,256	71,339
Property, plant and equipment, deletions, net	(135,793)	(7,795)
Property and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,619,563	3,799,327	2,853,603
Property, plant and equipment, acquisitions, gross	506,836	1,202,435
Property, plant and equipment, additions, gross	1,736,566	605,204
Property, plant and equipment, deletions, gross	(423,166)	(861,915)
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	590,359	721,151	787,188
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross		22,766
Property, plant and equipment, deletions, gross	(130,792)	(88,803)
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,872,089	1,692,239	504,967
Property, plant and equipment, acquisitions, gross		1,197,839
Property, plant and equipment, additions, gross	179,850	112,876
Property, plant and equipment, deletions, gross		(123,443)
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,107,190	5,148,703	85,906
Property, plant and equipment, acquisitions, gross		5,034,348
Property, plant and equipment, additions, gross	44,393	28,449
Property, plant and equipment, deletions, gross	(85,906)
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,200,000	1,209,500	9,500
Property, plant and equipment, acquisitions, gross		1,200,000
Property, plant and equipment, additions, gross
Property, plant and equipment, deletions, gross	(9,500)
Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	73,839	96,311	$ 96,311
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross
Property, plant and equipment, deletions, gross	$ (22,472)

Goodwill and Intangible Asset54

Goodwill and Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill	$ 13,355,591	$ 13,355,591	$ 13,355,591	$ 12,956,868
Accumulated impairment losses	(7,559,063)	(7,559,063)
Goodwill, net of impairment losses	5,796,528	5,796,528	13,355,591	12,956,868
Goodwill acquired (disposed) during year			398,723
Impairment losses		(7,559,063)
Wireless Retail Segment [Member]
Goodwill	5,765,284	5,765,284	5,765,284	4,955,140
Accumulated impairment losses
Goodwill, net of impairment losses	5,765,284	5,765,284	5,765,284	4,955,140
Goodwill acquired (disposed) during year			810,144
Impairment losses
Direct to Consumer Segment [Member]
Goodwill	31,244	31,244	31,244
Accumulated impairment losses
Goodwill, net of impairment losses	31,244	31,244	31,244
Goodwill acquired (disposed) during year			31,244
Impairment losses
Consumer Finance Segment [Member]
Goodwill	7,559,063	7,559,063	7,559,063	8,001,728
Accumulated impairment losses	(7,559,063)	(7,559,063)
Goodwill, net of impairment losses			7,559,063	$ 8,001,728
Goodwill acquired (disposed) during year			(442,665)
Impairment losses	$ (7,559,063)	$ (7,559,063)

Goodwill and Intangible Asset55

Goodwill and Intangible Assets (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	$ 9,041,517	$ 11,527,024	$ 11,527,024
Acquisitions, Gross	81,405	1,375,000
Acquisitions, accumulated amortization		(105,480)
Acquisitions	81,405	1,269,520
Additions, accumulated amortization	(563,076)	499,697
Additions	(563,076)	(499,697)
Deletions, gross	(2,566,912)
Deletions, accumulated amortization	2,566,912
Less accumulated amortization	(4,286,864)	(6,290,700)	(5,685,523)
Net Amortizable Intangible Assets	4,754,653	5,236,324	4,466,501
Non-amortizable trademarks	2,782,292	2,782,292	2,782,292
Intangible Assets, net	7,536,945	8,018,616	7,248,793
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	3,587,405	6,072,912	4,924,912
Acquisitions, Gross	81,405	1,148,000
Deletions, gross	(2,566,912)
Acquired Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	5,227,112	5,227,112	$ 5,227,112
Acquisitions, Gross
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	227,000	227,000
Acquisitions, Gross		$ 227,000

Goodwill and Intangible Asset56

Goodwill and Intangible Assets (Details 2) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 553,993
2,018	540,619
2,019	528,581
2,020	511,014
2,021	487,797
Thereafter	2,132,649
Finite-Lived Intangible Assets, Net	$ 4,754,653	$ 5,236,324	$ 4,466,501

Goodwill and Intangible Asset57

Goodwill and Intangible Assets (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Impairment losses		$ (7,559,063)
Consumer Finance Segment [Member]
Impairment losses	$ (7,559,063)	$ (7,559,063)

Note Receivable (Details Narrat

Note Receivable (Details Narrative) - Secured Promissory Note due dated November 18, 2017 [Member]	12 Months Ended
	Dec. 31, 2016USD ($)Number
Debt Instrument [Line Items]
Maturity date	Nov. 18, 2017
Advance to selling parties | $	$ 4,000,000
Number of stores | Number	53

Deferred Revenue and Other Li59

Deferred Revenue and Other Liabilities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred financing fees	$ 264,174	$ 285,452
Deferred franchise development fees	62,500	264,000
Merchandise credits and gift card liability	907,362	1,127,470
Other	193,322	119,416
Total	$ 1,427,358	$ 1,796,338

Leases (Details)

Leases (Details)	Dec. 31, 2016USD ($)
Leases [Abstract]
2,017	$ 5,792
2,018	4,805
2,019	4,015
2,020	2,094
2,021	1,422
Thereafter	219
Total minimum base lease payments	$ 18,347

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Rent expense	$ 6,610,000	$ 4,490,000
Lease term	6 years

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total	$ 10,461,545	$ 7,996,460
Less current maturities	(1,780,000)	(4,900,008)
Notes payable, noncurrent	8,681,545	3,096,452
Note Payable To River City Equity, Inc. [Member]
Debt Instrument [Line Items]
Total		3,000,000
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Total	998,426
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	3,091,667
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Total	3,400,000
Note Payable To Financial Institution Four [Member]
Debt Instrument [Line Items]
Total	$ 2,971,452

Notes Payable - Long Term (De63

Notes Payable - Long Term (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2,017	$ 1,780,000
2,018	2,778,434
2,019	3,551,444
2,020	1,380,000
2,021	971,667
Thereafter
Long-term Debt	$ 10,461,545	$ 7,996,460

Notes Payable - Long Term (De64

Notes Payable - Long Term (Details Narrative) - USD ($)	Nov. 23, 2016	Apr. 22, 2016	Dec. 31, 2016
Note Payable To River City Equity, Inc. [Member]
Debt Instrument [Line Items]
Termination date			2016-05
Stated interest rate			12.00%
Maximum borrowing capacity			$ 3,000,000
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Maturity date			Apr. 21, 2018
Maximum borrowing capacity			$ 3,000,000
Description of variable rate			LIBOR plus 3.5% (4.125% at December 31, 2016)
Debt collateral			Secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries.
Equity debt		$ 3,000,000
Other term debt		500,000
Remaining maximum borrowing capacity			$ 4,510,000
Credit Facilities Overview [Member] | Acquisition Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 9,000,000
Description of maturity date		Mature five years from the date of advance.
Debt instrument advanced	$ 3,400,000	$ 3,500,000
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Termination date			2016-05
Principal periodic payment			$ 375,000
Description of variable rate			prime rate plus 2.5%
Note Payable To Financial Institution Two [Member]
Debt Instrument [Line Items]
Maturity date			Apr. 21, 2021
Principal periodic payment			$ 58,333
Description of variable rate			LIBOR plus 3.5% (4.125% at December 31 2016)
Debt collateral			Secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries.
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Maturity date			Dec. 1, 2021
Principal periodic payment			$ 56,667
Description of variable rate			LIBOR plus 3.5% (4.125% at December 31 2016)
Debt collateral			Secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries.
Note Payable To Financial Institution Four [Member]
Debt Instrument [Line Items]
Maturity date			Jun. 5, 2019
Principal periodic payment			$ 33,334
Description of variable rate			LIBOR plus 3.5% (4.125% at December 31 2016)
Debt collateral			secured by JPRE assets

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 2,617,000	$ 1,535,444
State	325,000	305,120
Foreign	42,000	30,200
Current Income Tax Expense (Benefit)	2,984,000	1,870,764
Deferred:
Federal	(1,748,000)	547,000
State	(372,000)	64,000
Deferred Income Tax Expense (Benefit)	(2,120,000)	611,000
Income tax expense	$ 864,000	$ 2,481,764

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Allowance for accounts and loans receivable	$ 428,000	$ 544,000
Inventory capitalization	98,000	120,000
Inventory reserve	38,000	75,000
Accrued expenses	155,000	198,000
Net operating losses (expires 2031)	47,000	113,000
Valuation allowance		(21,000)
Prepaid expense	(429,000)	(374,000)
Property and equipment	(901,000)	(721,000)
Goodwill and intangible assets	(1,211,000)	(3,864,000)
Capital loss carryforward (expires 2016)		20,000
Foreign tax credits		21,000
Net deferred income tax liability	$ (1,775,000)	$ (3,889,000)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax expense using the statutory federal rate	$ 800,000	$ 2,047,000
State income taxes, net of federal benefit	(34,000)	213,000
Transaction expenses	18,000	119,000
Share based compensation	18,000	41,000
Other	62,000	61,764
Income tax expense	$ 864,000	$ 2,481,764

Equity (Details)

Equity (Details) - WCR 2015 Stock Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Outstanding and nonvested at beginning | shares	65,000
Granted | shares	65,000
Vested | shares	(22,000)
Forfeited | shares
Outstanding and nonvested at ending | shares	43,000
Exercisable at ending | shares	22,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding and nonvested at beginning	$ 6
Granted
Vested
Forfeited
Outstanding and nonvested at ending	$ 6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Roll Forward]
Outstanding and nonvested at ending	8 years 1 month 9 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding and nonvested at beginning | $
Granted
Vested | $
Forfeited
Outstanding and nonvested at ending | $

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Jul. 02, 2015	Dec. 31, 2016	Dec. 31, 2015	Feb. 06, 2015	Feb. 02, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		9,497,871	9,497,534
2008 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)					100,000
WCR 2015 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)				100,000
Options granted		65,000
Vested option		(22,000)
Unrecognized stock-based compensation expense		$ 28,000
Period of unrecognized compensation cost		1 year 1 month 6 days
Vesting period		3 years
Expiration period		10 years
JPPA, RAI and JPRE Transaction [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued for acqusition (in shares)	3,500,000
Percent of voting rights issued as percent of post acquisition voting rights	37.00%
Common stock, shares issued	9,497,534

Dividends (Details)

Dividends (Details)	12 Months Ended
	Dec. 31, 2016$ / shares
Dividends [Member]
Dividends Payable [Line Items]
Date declared	May 24, 2016
Record date	Jun. 6, 2016
Dividend Per Share (in dollars per share)	$ 0.025
Payment Date	Jun. 15, 2016
Dividends One [Member]
Dividends Payable [Line Items]
Date declared	Aug. 11, 2016
Record date	Sep. 14, 2016
Dividend Per Share (in dollars per share)	$ 0.025
Payment Date	Sep. 21, 2016
Dividends Two [Member]
Dividends Payable [Line Items]
Date declared	Nov. 11, 2016
Record date	Dec. 16, 2016
Dividend Per Share (in dollars per share)	$ 0.025
Payment Date	Dec. 21, 2016

Other Expenses (Details)

Other Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other Income and Expenses
Bank fees	$ 1,814,481	$ 1,079,930
Collection costs	397,312	431,682
Conference expense	855,982	680,991
Insurance	672,234	540,257
Management and advisory fees	805,630	578,082
Professional and consulting fees	2,094,618	1,911,163
Supplies	899,436	694,302
Other	3,312,639	2,844,765
Total other expenses	$ 10,852,332	$ 8,761,172

Acquisitions (Details)

Acquisitions (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Jul. 02, 2015	Jun. 01, 2015
Business Acquisition [Line Items]
Property and equipment, net	$ 506,836	$ 7,300,067
Cellular Retail [Member]
Business Acquisition [Line Items]
Cash				$ 389,000
Inventory				427,000
Other receivables				405,000
Property and equipment, net				612,000
Goodwill				578,000
Intangible assets, net				903,000
Other assets				69,000
Accounts payable and accrued liabilities				(826,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 2,557,000
JPPA, RAI and JPRE Transaction [Member]
Business Acquisition [Line Items]
Cash			$ 2,082,000
Accounts Receivables, net			527,000
Inventory			3,170,000
Deferred income tax asset			186,000
Prepaid expense and other current assets			525,000
Property and equipment, net			6,590,000
Goodwill			31,000
Intangible assets, net			122,000
Accounts payable and accrued liabilities			(2,231,000)
Short-term notes payable			(120,000)
Income taxes payable			(547,000)
Deferred revenue and other			(460,000)
Notes payable and capital leases			(3,583,000)
Deferred income tax liability			(169,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			$ 6,123,000

Acquisitions (Details 1)

Acquisitions (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Pro forma revenue	$ 109,187	$ 106,285
% of total pro forma revenue	100.00%	100.00%
Pro forma net income	$ 1,479	$ 5,830
Pro forma net income attributable to noncontrolling interests	21	17
Pro forma net income attributable to WCR common shareholders	$ 1,458	$ 5,813
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ 0.154	$ 0.612
Franchise [Member]
Business Acquisition [Line Items]
Pro forma revenue	$ 15,194	$ 13,025
% of total pro forma revenue	13.90%	12.30%
Pro forma net income	$ 2,538	$ 2,270
Pro forma net income attributable to noncontrolling interests	21	17
Pro forma net income attributable to WCR common shareholders	$ 2,517	$ 2,253
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ 0.265	$ 0.237
Cellular Retail [Member]
Business Acquisition [Line Items]
Pro forma revenue	$ 39,236	$ 37,823
% of total pro forma revenue	35.90%	35.60%
Pro forma net income	$ 639	$ 1,167
Pro forma net income attributable to noncontrolling interests
Pro forma net income attributable to WCR common shareholders	$ 639	$ 1,167
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ 0.067	$ 0.123
Direct to Consumer [Member]
Business Acquisition [Line Items]
Pro forma revenue	$ 42,914	$ 42,738
% of total pro forma revenue	39.30%	40.20%
Pro forma net income	$ 2,245	$ 2,177
Pro forma net income attributable to noncontrolling interests
Pro forma net income attributable to WCR common shareholders	$ 2,245	$ 2,177
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ 0.237	$ 0.229
Consumer Finance [Member]
Business Acquisition [Line Items]
Pro forma revenue	$ 11,843	$ 12,699
% of total pro forma revenue	10.90%	11.90%
Pro forma net income	$ (3,318)	$ 952
Pro forma net income attributable to noncontrolling interests
Pro forma net income attributable to WCR common shareholders	$ (3,318)	$ 952
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ (0.349)	$ 0.100
Corporate [Member]
Business Acquisition [Line Items]
Pro forma revenue
% of total pro forma revenue		0.00%
Pro forma net income	$ (625)	$ (736)
Pro forma net income attributable to noncontrolling interests
Pro forma net income attributable to WCR common shareholders	$ (625)	$ (736)
Pro forma earnings per share attributable to WCR common shareholders - basic and diluted (in dollars per share)	$ (0.066)	$ (0.077)

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - JPPA, RAI and JPRE Transaction [Member] - Common Stock [Member]	Jul. 02, 2015shares
Number of shares issued for acqusition	3,500,000
Percent of voting rights issued as percent of post acquisition voting rights	37.00%

Segment Information (Details)

Segment Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenues from external customers	$ 109,186,537	$ 76,454,035
Depreciation and amortization	1,760,000	1,198,000
Interest expense	527,975	575,712
Income tax expense (benefit)	864,000	2,481,764
Net income (loss)	1,478,708	3,537,436
Total segment assets	60,210,652	55,622,333
Expenditures for segmented assets	2,549,000	4,341,000
Franchise [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	15,194,000	13,025,000
Depreciation and amortization	456,000	441,000
Interest expense	94,000	202,000
Income tax expense (benefit)	1,575,000	1,373,000
Net income (loss)	2,538,000	2,270,000
Total segment assets	11,322,000	10,079,000
Expenditures for segmented assets	18,000	113,000
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	39,236,000	32,846,000
Depreciation and amortization	786,000	430,000
Interest expense	284,000	284,000
Income tax expense (benefit)	437,000	632,000
Net income (loss)	639,000	1,110,000
Total segment assets	23,448,000	14,180,000
Expenditures for segmented assets	2,292,000	3,865,000
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	42,914,000	17,884,000
Depreciation and amortization	428,000	214,000
Interest expense	150,000	90,000
Income tax expense (benefit)	1,197,000	207,000
Net income (loss)	2,245,000	243,000
Total segment assets	16,580,000	15,878,000
Expenditures for segmented assets	193,000	304,000
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	11,843,000	12,699,000
Depreciation and amortization	90,000	113,000
Income tax expense (benefit)	(2,027,000)	574,000
Net income (loss)	(3,318,000)	952,000
Total segment assets	8,471,000	15,511,000
Expenditures for segmented assets	46,000	45,000
Corporate [Member]
Segment Reporting Information [Line Items]
Income tax expense (benefit)	(318,000)	(304,000)
Net income (loss)	(625,000)	(1,038,000)
Total segment assets	$ 390,000	537,000
Expenditures for segmented assets		$ 14,000

Segment Information (Details Na

Segment Information (Details Narrative)	12 Months Ended
	Dec. 31, 2016Number
Segment Reporting [Abstract]
Number of operating segment	5

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Jun. 06, 2016Number	Feb. 09, 2015USD ($)Number$ / sharesshares	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)
Cricket Wireless Exclusive Dealer Agreement [Member] | PQH Wireless, Inc. [Member]
Number of retail stores locations | Number	150
Asset Purchase Agreement [Member] | PQH Wireless, Inc. [Member]
Number of retail stores locations | Number				20
Additional cricket retail locations | Number				33
Cost of retail stores | $				$ 2,050,000
Additional cricket retail locations amount | $				$ 7,200,000
Ownership percentage				30.00%
Number of stores | Number				53
Vendor Service Agreement [Member]
Period of service agreement			3 years
Service agreement with vendor | $			$ 680,000
Other Employment Agreement [Member]
Bonus arrangement current | $				$ 1,149,000	$ 1,008,000
Other Employment Agreement [Member] | Chief Investment Officer [Member]
Period of service agreement		3 years
Potential bonus arrangement current | $		$ 200,000
Other Employment Agreement [Member] | Mr. Donchev [Member]
Period of service agreement		10 years
Number of shares, granted | shares		65,000
Exercise price (in dollars per share) | $ / shares		$ 6
Number of installments for option vest | Number		3

Management and Advisory Agree78

Management and Advisory Agreement (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Management And Advisory Agreement
Other fee payable description	The amended and restated agreement requires the Company to pay Blackstreet a fee in an amount equal to $400,000 upon the closing of an acquisition in consideration for Blackstreet’s referral to the Company of such acquisition opportunity, and Blackstreet’s assistance in the performance of due diligence services relating thereto. Any fees which may have been payable per these terms related to the AGI, JPPA, RAI and JPRE acquisitions (see Note 13) were waived by Blackstreet.
Management fee payable description	The annual fees under the amended and restated contract will be the greater of (i) $612,100 (subject to annual increases of five percent) or (ii) five percent of Western Capital’s “EBITDA” as defined under the agreement. All other terms and provisions remain unmodified.
Management and advisory fees	$ 705,630	$ 478,082
Termination fee trigger	50.00%

Special Committee of the Boar79

Special Committee of the Board of Directors (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Special Committee Of Board Of Directors
Special committee fees expense	$ 30,000	$ 50,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Dec. 07, 2012USD ($)	Aug. 31, 2011USD ($)Number	Oct. 31, 2012USD ($)	Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)
New Lease Property [Member] | Ladary Inc [Member]
Number of properties | Number		2
Lease payments		$ 6,000
Lease term		4 years
Number of operating leases | Number		2
Other Related Party [Member]
Number of properties | Number				3
Other Related Party [Member] | Lease Property Extends Through October 2016 [Member]
Lease payments				$ 1,680
Other Related Party [Member] | Lease Property Month-To-Month [Member]
Lease payments				1,200
Other Related Party [Member] | Lease Property Extends Through November 2017 [Member]
Lease payments				5,000
Related Party [Member]
Lease payments				$ 170,000	$ 171,000
Number of retail stores | Number				5
Related Party [Member] | Latter Lease [Member]
Lease payments			$ 5,000
Lease term			5 years
River City Equity Inc [Member] | 12% Credit Facility [Member]
Maximum borrowing capacity	$ 3,000,000
Frequency of payments	Monthly basis
Maturity date	Jun. 30, 2016

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Mar. 31, 2017Number	Mar. 10, 2017USD ($)$ / sharesshares
Number of cricket wireless retail store | Number	53
Stock Redemption Agreement [Member]
Number of redemption shares | shares		106,873
Share price per share | $ / shares		$ 4.50
Aggregate purchase price of redemption | $		$ 48,092,814