Western Capital Resources (WCRS) 10-Q 14 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 14, 2017
Document And Entity Information
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	1,363,958
Document Type	10-Q
Trading Symbol	WCRS
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,390,997
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash	$ 10,060,406	$ 14,159,975
Loans receivable (less allowance for losses of $729,000 and $1,036,000, respectively)	3,939,432	4,438,276
Accounts receivable (less allowance for losses of $124,000 and $96,000, respectively)	1,800,686	1,716,867
Inventory	9,652,531	9,095,460
Prepaid expenses and other	3,630,208	3,727,284
TOTAL CURRENT ASSETS	29,083,263	33,137,862
NOTES RECEIVABLE	3,433,856	2,920,112
PROPERTY AND EQUIPMENT, net	10,353,039	9,696,620
GOODWILL	5,796,528	5,796,528
INTANGIBLE ASSETS, net	7,257,050	7,536,945
OTHER	1,310,465	1,122,585
TOTAL ASSETS	57,234,201	60,210,652
CURRENT LIABILITIES
Accounts payable and accrued expenses	9,054,923	13,002,381
Other current liabilities	2,195,895	2,242,372
Income taxes payable		265,813
Note payable - short-term	21,064	55,819
Current portion long-term debt	1,780,000	1,780,000
Current portion capital lease obligations	45,806	54,020
Deferred revenue	1,502,252	1,427,358
TOTAL CURRENT LIABILITIES	14,599,940	18,827,763
LONG-TERM LIABILITIES
Notes payable, net of current portion	6,732,855	8,681,545
Capital lease obligations, net of current portion	71,386	94,762
Deferred income taxes	1,673,000	1,775,000
Other	177,842	143,080
TOTAL LONG-TERM LIABILITIES	8,655,083	10,694,387
TOTAL LIABILITIES	23,255,023	29,522,150
COMMITMENTS AND CONTINGENCIES (Note 11)
WESTERN SHAREHOLDERS' EQUITY
Common stock, $0.001 par value, 12,500,000 shares authorized, 9,390,997 and 9,497,871 shares issued and outstanding.	939	950
Additional paid-in capital	29,015,990	28,997,087
Retained earnings	4,934,644	1,643,996
TOTAL WESTERN SHAREHOLDERS' EQUITY	33,951,573	30,642,033
NONCONTROLLING INTERESTS	27,605	46,469
TOTAL EQUITY	33,979,178	30,688,502
TOTAL LIABILITIES AND EQUITY	$ 57,234,201	$ 60,210,652

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 729,000	$ 1,036,000
Accounts receivable, allowance	$ 124,000	$ 96,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	12,500,000	12,500,000
Common stock, issued	9,390,997	9,497,871
Common stock, outstanding	9,390,997	9,497,871

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
REVENUES
Sales and associated fees	$ 24,739,956	$ 19,064,101	$ 49,299,086	$ 39,079,643
Financing fees and interest	2,119,747	2,340,968	4,353,156	4,825,188
Royalty and franchise fees, net	3,021,402	2,595,614	6,054,028	5,390,370
Other revenue	5,909,306	3,171,743	11,719,147	6,312,511
Total Revenues	35,790,411	27,172,426	71,425,417	55,607,712
COST OF REVENUES
Cost of sales	12,753,066	9,377,949	24,811,820	19,815,834
Provisions for loans receivable losses	250,734	428,613	488,315	731,485
Other	729,476	603,667	1,377,673	1,157,081
Total Cost of Revenues	13,733,276	10,410,229	26,677,808	21,704,400
GROSS PROFIT	22,057,135	16,762,197	44,747,609	33,903,312
OPERATING EXPENSES
Salaries, wages and benefits	10,252,169	6,677,803	20,243,560	13,426,753
Occupancy	3,172,317	1,897,270	6,126,373	3,871,075
Advertising, marketing and development	2,294,251	2,266,522	4,303,401	4,217,531
Depreciation	374,225	295,157	724,513	571,749
Amortization	139,374	140,873	279,893	281,863
Other	3,073,413	2,511,751	6,614,080	5,250,977
Total Operating Expenses	19,305,749	13,789,376	38,291,820	27,619,948
OPERATING INCOME	2,751,386	2,972,821	6,455,789	6,283,364
OTHER INCOME (EXPENSES):
Interest income	67,564	957	131,639	2,009
Interest expense	(110,415)	(150,714)	(248,567)	(319,725)
Total Other Income (Expense)	(42,851)	(149,757)	(116,928)	(317,716)
INCOME BEFORE INCOME TAXES	2,708,535	2,823,064	6,338,861	5,965,648
INCOME TAX EXPENSE	957,000	1,034,000	2,320,000	2,201,000
NET INCOME	1,751,535	1,789,064	4,018,861	3,764,648
Less net income attributable to noncontrolling interests	(7,436)	(4,553)	(12,521)	(8,738)
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 1,744,099	$ 1,784,511	$ 4,006,340	$ 3,755,910
EARNINGS PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
Basic and diluted (in dollars per share)	$ 0.19	$ 0.19	$ 0.42	$ 0.4
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	9,390,997	9,497,534	9,431,739	9,497,534

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES
Net Income	$ 4,018,861	$ 3,764,648
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	724,513	571,749
Amortization	279,893	281,863
Share based compensation	18,903	35,167
Deferred income taxes	(102,000)	313,000
Loss on disposal of property and equipment	24,530	9,953
Changes in operating assets and liabilities:
Loans receivable	498,844	459,191
Accounts receivable	(83,819)	445,254
Inventory	(557,071)	380,291
Prepaid expenses and other assets	(90,804)	973,187
Accounts payable and accrued expenses	(4,213,269)	(3,118,195)
Deferred revenue and other current liabilities	28,417	(390,943)
Accrued liabilities and other - long-term	34,762	22,069
Net cash provided by operating activities	581,760	3,747,234
INVESTING ACTIVITIES
Purchases of property and equipment	(1,419,921)	(929,291)
Acquisition of stores, net of cash acquired		(588,241)
Advances on note receivable, net	(513,744)
Proceeds from disposal of property and equipment	14,459
Net cash used by investing activities	(1,919,206)	(1,517,532)
FINANCING ACTIVITIES
Payments on notes payable - short-term	(34,755)
Payments on line of credit, net	(998,426)
Advances on notes payable - long-term		418,301
Payments on notes payable - long-term	(950,264)	(1,801,638)
Common stock redemption	(480,928)
Advances on capital lease		185,318
Payments on capital lease	(31,590)	(54,542)
Subsidiary dividends to noncontrolling interests	(31,385)
Dividend paid	(234,775)	(237,467)
Net cash used in financing activities	(2,762,123)	(1,490,028)
NET INCREASE (DECREASE) IN CASH	(4,099,569)	739,674
CASH
Beginning of period	14,159,975	7,847,669
End of period	10,060,406	8,587,343
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	3,401,436	1,490,444
Interest paid	239,290	451,271
Non-cash Investing and Financing Activities:
Long-term debt proceeds used to pay off debt and interest		3,021,699
Long-term debt proceeds used to pay prepaid financing costs		$ 60,000

Basis of Presentation, Nature o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	1. Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies – Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (“SEC”) and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. For further information, refer to the Condensed Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2016. The condensed consolidated balance sheet at December 31, 2016, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP. Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Franchise o AlphaGraphics, Inc. (AGI) (99.2%) – franchisor of 253 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 (215 owned and operated plus 53 operated under management agreement as of June 30, 2017), as an exclusive dealer of the Cricket brand. ● Direct to Consumer o J & P Park Acquisitions, Inc. (JPPA) (100%) – 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%) – 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%) – 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 June 30, 2017) 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 June 30, 2017) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of primarily used merchandise. 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. Reclassifications Certain Statements of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three and six month periods ended June 30, 2017. 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, 2017. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. 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. This 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. This 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	6 Months Ended
	Jun. 30, 2017
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 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 involved in the enforcement of existing consumer-protection laws applicable to the payday industry. Any adverse change in present local, state, and federal laws or regulations that govern or otherwise affect lending could result in the 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, store location closure 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 business we conduct in 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 business we conduct in the Consumer Finance segment.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Loans Receivable	3. Loans Receivable – The Consumer Finance segment’s outstanding loans receivable aging was as follows: June 30, 2017 Payday Installment Pawn & Total Current $ 3,266,323 $ 224,554 $ 302,681 $ 3,793,558 1-30 250,525 35,028 — 285,553 31-60 152,745 16,978 — 169,723 61-90 104,203 10,381 — 114,584 91-120 94,127 7,164 — 101,291 121-150 77,661 4,855 — 82,516 151-180 117,909 3,298 — 121,207 4,063,493 302,258 302,681 4,668,432 Less Allowance (652,000 ) (77,000 ) — (729,000 ) $ 3,411,493 $ 225,258 $ 302,681 $ 3,939,432 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

Loans Receivable Allowance

Loans Receivable Allowance	6 Months Ended
	Jun. 30, 2017
Provision for Loan and Lease Losses [Abstract]
Loans Receivable Allowance	4. Loans Receivable Allowance – A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Six Months Ended June 30, 2017 Year Ended December 31, 2016 Loans receivable allowance, beginning of period $ 1,036,000 $ 1,177,000 Provision for loan losses charged to expense 488,315 1,605,867 Charge-offs, net (795,315 ) (1,746,867 ) Loans receivable allowance, end of period $ 729,000 $ 1,036,000

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Accounts Receivable	5. Accounts Receivable – A breakdown of accounts receivables by segment are as follows: June 30, 2017 Franchise Cellular Direct to Consumer Consumer Finance Total Accounts receivable $ 1,427,065 $ 267,494 $ 224,139 $ 5,988 $ 1,924,686 Less allowance (100,000 ) — (24,000 ) — (124,000 ) Net account receivable $ 1,327,065 $ 267,494 $ 200,139 $ 5,988 $ 1,800,686 December 31, 2016 Franchise Cellular Direct to Consumer Consumer Finance Total Accounts receivable $ 1,103,210 $ 333,800 $ 363,426 $ 12,431 $ 1,812,867 Less allowance (83,000 ) — (13,000 ) — (96,000 ) Net account receivable $ 1,020,210 $ 333,800 $ 350,426 $ 12,431 $ 1,716,867

Notes Payable - Long Term

Notes Payable - Long Term	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Notes Payable - Long Term	6. Notes Payable – Long Term – June 30, 2017 December 31, 2016 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% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2018 $ — $ 998,426 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 2,741,667 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% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 2,999,740 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% (4.625% at June 30, 2017), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,771,448 2,971,452 Total 8,512,855 10,461,545 Less current maturities (1,780,000 ) (1,780,000 ) $ 6,732,855 $ 8,681,545 At June 30, 2017 and December 31, 2016, approximately $6,259,000 and $4,510,000 of credit was available under the credit facilities, respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity	7. Equity – In March 2017, the Company redeemed 106,874 shares of common stock for $480,928 in a private and unsolicited transaction

Cash Dividends

Cash Dividends	6 Months Ended
	Jun. 30, 2017
Dividends [Abstract]
Cash Dividends	8. Cash Dividends – Date declared February 24, 2017 Record date March 17, 2017 Date paid March 24, 2017 Dividend per share of common stock $ 0.025 Date declared May 12, 2017 Record date July 14, 2017 Date paid July 24, 2017 Dividend per share of common stock $ 0.025

Other Operating Expense

Other Operating Expense	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Other Operating Expense	9. Other Operating Expense – A breakout of other expense is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Bank fees $ 594,390 $ 497,084 $ 1,144,739 $ 935,118 Collection costs 91,528 109,963 181,422 226,151 Conference expense 26 29,151 289,232 294,556 Insurance 265,791 173,326 515,799 344,889 Management and advisory fees 201,662 203,504 425,143 424,529 Professional and consulting fees 596,460 447,735 1,407,590 1,042,945 Supplies 420,672 176,650 752,744 359,924 Other 902,884 874,338 1,897,411 1,622,865 $ 3,073,413 $ 2,511,751 $ 6,614,080 $ 5,250,977

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Information	10. Segment Information – Segment information related to the three and six month periods ended June 30, 2017 and 2016 is presented below: Three Months Ended June 30, 2017 (in thousands) Franchise Cellular Retail Direct to Consumer Corporate Total Revenue from external customers $ 4,033 $ 17,087 $ 12,127 $ 2,543 $ — $ 35,790 Net income (loss) $ 930 $ (331 ) $ 1,103 $ 201 $ (151 ) $ 1,752 Expenditures for segmented assets $ 13 $ 531 $ 122 $ — $ — $ 666 Three Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Corporate Total Revenue from external customers $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ — $ 27,172 Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Expenditures for segment assets $ 7 $ 580 $ 24 $ 7 $ — $ 618 Six Months Ended June 30, 2017 (in thousands) Franchise Cellular Retail Direct to Consumer Corporate Total Revenue from external customers $ 7,977 $ 34,131 $ 24,031 $ 5,286 $ — $ 71,425 Net income (loss) $ 1,565 $ 289 $ 1,968 $ 455 $ (258 ) $ 4,019 Total segmented assets $ 8,729 $ 23,338 $ 12,520 $ 8,684 $ 3,963 $ 57,234 Expenditures for segment assets $ 13 $ 1,204 $ 203 $ — $ — $ 1,420 Six Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ — $ 55,608 Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Total segment assets $ 9,681 $ 14,779 $ 14,393 $ 15,531 $ 374 $ 54,758 Expenditures for segment assets $ 15 $ 1,447 $ 38 $ 18 $ — $ —

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies – Pursuant to the Company’s numerous employment agreements, bonuses of approximately $112,000 and $443,000 were accrued for the three and six month periods ended June 30, 2017, respectively.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events – We evaluated all events or transactions that occurred after June 30, 2017 up through the date we issued these financial statements. During this period we did not have any material subsequent events that impacted our financial statements other than those listed below. Asset Purchase Agreement In 2016, PQH entered into an agreement to acquire 20 Cricket Wireless retail locations, with an option to purchase an additional 33 locations. The aggregate purchase price for all 53 locations was $7,200,000, subject to reduction in the event that the seller exercised an option to retain a 30% ownership in the acquired business. From November 22, 2016 through June 30, 2017, PQH operated the store locations under a management agreement. Effective July 1, 2017, we consummated the acquisition transaction by acquiring all 53 locations through a subsidiary of PQH, and the seller exercised its option to retain a 30% ownership interest in the acquired business. As a result, PQH owns 70% of the newly formed subsidiary and the seller owns the remaining 30% of that subsidiary. Credit Facility In July 2017, the Company made a $1 million payment to pay down the outstanding balance of the term debt which matures April 21, 2021 (see Note 6 for further information).

Basis of Presentation, Nature18

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (“SEC”) and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. For further information, refer to the Condensed Consolidated Financial Statements and footnotes thereto included in our Form 10-K for the year ended December 31, 2016. The condensed consolidated balance sheet at December 31, 2016, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP.
Nature of Business	Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Franchise o AlphaGraphics, Inc. (AGI) (99.2%) – franchisor of 253 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 (215 owned and operated plus 53 operated under management agreement as of June 30, 2017), as an exclusive dealer of the Cricket brand. ● Direct to Consumer o J & P Park Acquisitions, Inc. (JPPA) (100%) – 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%) – 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%) – 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 June 30, 2017) 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 June 30, 2017) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of primarily used merchandise. 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.
Reclassifications	Reclassifications Certain Statements of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three and six month periods ended June 30, 2017.
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, 2017. The Company is currently assessing the potential effects on our financial condition, results of operations and consolidated financial statements. 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. This 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. This 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.

Loans Receivable (Table)

Loans Receivable (Table)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of outstanding loans receivable aging	The Consumer Finance segment’s outstanding loans receivable aging was as follows: June 30, 2017 Payday Installment Pawn & Total Current $ 3,266,323 $ 224,554 $ 302,681 $ 3,793,558 1-30 250,525 35,028 — 285,553 31-60 152,745 16,978 — 169,723 61-90 104,203 10,381 — 114,584 91-120 94,127 7,164 — 101,291 121-150 77,661 4,855 — 82,516 151-180 117,909 3,298 — 121,207 4,063,493 302,258 302,681 4,668,432 Less Allowance (652,000 ) (77,000 ) — (729,000 ) $ 3,411,493 $ 225,258 $ 302,681 $ 3,939,432 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

Loans Receivable Allowance (Tab

Loans Receivable Allowance (Tables)	6 Months Ended
	Jun. 30, 2017
Provision for Loan and Lease Losses [Abstract]
Schedule of loans receivable allowance	A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Six Months Ended June 30, 2017 Year Ended December 31, 2016 Loans receivable allowance, beginning of period $ 1,036,000 $ 1,177,000 Provision for loan losses charged to expense 488,315 1,605,867 Charge-offs, net (795,315 ) (1,746,867 ) Loans receivable allowance, end of period $ 729,000 $ 1,036,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of accounts receivables	A breakdown of accounts receivables by segment are as follows: June 30, 2017 Franchise Cellular Direct to Consumer Consumer Finance Tota Accounts receivable $ 1,427,065 $ 267,494 $ 224,139 $ 5,988 $ 1,924,686 Less allowance (100,000 ) — (24,000 ) — (124,000 ) Net account receivable $ 1,327,065 $ 267,494 $ 200,139 $ 5,988 $ 1,800,686 December 31, 2016 Franchise Cellular Direct to Consumer Consumer Finance Total Accounts receivable $ 1,103,210 $ 333,800 $ 363,426 $ 12,431 $ 1,812,867 Less allowance (83,000 ) — (13,000 ) — (96,000 ) Net account receivable $ 1,020,210 $ 333,800 $ 350,426 $ 12,431 $ 1,716,867

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	June 30, 2017 December 31, 2016 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% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2018 $ — $ 998,426 Note pa yab le to a financial institution with monthly principal payment of $58,333 plus interest at LIBOR plus 3.5% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 2,741,667 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% (4.625% at June 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 2,999,740 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% (4.625% at June 30, 2017), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,771,448 2,971,452 Total 8,512,855 10,461,545 Less current maturities (1,780,000 ) (1,780,000 ) $ 6,732,855 $ 8,681,545

Cash Dividends (Tables)

Cash Dividends (Tables)	6 Months Ended
	Jun. 30, 2017
Dividends [Abstract]
Schedule of cash dividends payable	Date declared February 24, 2017 Record date March 17, 2017 Date paid March 24, 2017 Dividend per share of common stock $ 0.025 Date declared May 12, 2017 Record date July 14, 2017 Date paid July 24, 2017 Dividend per share of common stock $ 0.025

Other Operating Expense (Tables

Other Operating Expense (Tables)	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Schedule of other operating expense	A breakout of other expense is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Bank fees $ 594,390 $ 497,084 $ 1,144,739 $ 935,118 Collection costs 91,528 109,963 181,422 226,151 Conference expense 26 29,151 289,232 294,556 Insurance 265,791 173,326 515,799 344,889 Management and advisory fees 201,662 203,504 425,143 424,529 Professional and consulting fees 596,460 447,735 1,407,590 1,042,945 Supplies 420,672 176,650 752,744 359,924 Other 902,884 874,338 1,897,411 1,622,865 $ 3,073,413 $ 2,511,751 $ 6,614,080 $ 5,250,977

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the three and six month periods ended June 30, 2017 and 2016 is presented below: Three Months Ended June 30, 2017 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 4,033 $ 17,087 $ 12,127 $ 2,543 $ — $ 35,790 Net income (loss) $ 930 $ (331 ) $ 1,103 $ 201 $ (151 ) $ 1,752 Expenditures for segmented assets $ 13 $ 531 $ 122 $ — $ — $ 666 Three Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 3,562 $ 8,083 $ 12,689 $ 2,838 $ — $ 27,172 Net income (loss) $ 568 $ 74 $ 1,103 $ 262 $ (218 ) $ 1,789 Expenditures for segment assets $ 7 $ 580 $ 24 $ 7 $ — $ 618 Six Months Ended June 30, 2017 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 7,977 $ 34,131 $ 24,031 $ 5,286 $ — $ 71,425 Net income (loss) $ 1,565 $ 289 $ 1,968 $ 455 $ (258 ) $ 4,019 Total segmented assets $ 8,729 $ 23,338 $ 12,520 $ 8,684 $ 3,963 $ 57,234 Expenditures for segment assets $ 13 $ 1,204 $ 203 $ — $ — $ 1,420 Six Months Ended June 30, 2016 (in thousands) Franchise Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 7,174 $ 17,858 $ 24,754 $ 5,822 $ — $ 55,608 Net income (loss) $ 1,083 $ 454 $ 2,007 $ 574 $ (353 ) $ 3,765 Total segment assets $ 9,681 $ 14,779 $ 14,393 $ 15,531 $ 374 $ 54,758 Expenditures for segment assets $ 15 $ 1,447 $ 38 $ 18 $ — $ —

Basis of Presentation, Nature26

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Jun. 30, 2017USD ($)Number
Franchising [Member] | Alpha Graphics, Inc. [Member]
Number of domestic business centers	253
Number of international business centers	25
Percentage of equity method investment	99.20%
Cellular Retail [Member] | PQH Wireless, Inc. [Member]
Number of stores	215
Percentage of equity method investment	100.00%
Cellular Retail [Member] | PQH Wireless, Inc. [Member] | Management Agreement [Member]
Number of stores	53
Consumer Finance [Member] | Wyoming Financial Lenders, Inc. [Member]
Number of stores	40
Percentage of equity method investment	100.00%
Number of states in which entity operates	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	3
Percentage of equity method investment	100.00%
Number of states in which entity operates	2
Direct to Consumer [Member] | JPPA [Member]
Percentage of equity method investment	100.00%
Direct to Consumer [Member] | RAI [Member]
Percentage of equity method investment	100.00%
Direct to Consumer [Member] | JPRE [Member]
Percentage of equity method investment	100.00%

Loans Receivable (Details)

Loans Receivable (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 4,668,432	$ 5,474,276
Less Allowance	(729,000)	(1,036,000)
Notes, Loans and Financing Receivable, Net, current	3,939,432	4,438,276
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,793,558	4,240,766
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	285,553	297,730
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	169,723	229,280
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	114,584	203,819
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	101,291	175,172
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	82,516	185,514
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	121,207	141,995
Payday and Title Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,063,493	4,793,578
Less Allowance	(652,000)	(953,000)
Notes, Loans and Financing Receivable, Net, current	3,411,493	3,840,578
Payday and Title Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,266,323	3,683,603
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	250,525	253,297
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	152,745	201,375
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	104,203	185,072
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	94,127	159,435
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	77,661	176,625
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	117,909	134,171
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	302,258	396,238
Less Allowance	(77,000)	(83,000)
Notes, Loans and Financing Receivable, Net, current	225,258	313,238
Installment Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	224,554	272,703
Installment Loans [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	35,028	44,433
Installment Loans [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	16,978	27,905
Installment Loans [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	10,381	18,747
Installment Loans [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	7,164	15,737
Installment Loans [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,855	8,889
Installment Loans [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,298	7,824
Pawn Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	302,681	284,460
Less Allowance
Notes, Loans and Financing Receivable, Net, current	302,681	284,460
Pawn Title [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	302,681	284,460
Pawn Title [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
Pawn Title [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current

Loans Receivable Allowance (Det

Loans Receivable Allowance (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable allowance, beginning of period	$ 1,036,000	$ 1,177,000
Provision for loan losses charged to expense	488,315	1,605,867
Charge-offs, net	(795,315)	(1,746,867)
Loans receivable allowance, end of period	$ 729,000	$ 1,036,000

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Accounts receivable	$ 1,924,686	$ 1,812,867
Less allowance	(124,000)	(96,000)
Net account receivable	1,800,686	1,716,867
Franchise [Member]
Accounts receivable	1,427,065	1,103,210
Less allowance	(100,000)	(83,000)
Net account receivable	1,327,065	1,020,210
Cellular Retail [Member]
Accounts receivable	267,494	333,800
Less allowance
Net account receivable	267,494	333,800
Direct to Consumer [Member]
Accounts receivable	224,139	363,426
Less allowance	(24,000)	(13,000)
Net account receivable	200,139	350,426
Consumer Finance [Member]
Accounts receivable	5,988	12,431
Less allowance
Net account receivable	$ 5,988	$ 12,431

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total	$ 8,512,855	$ 10,461,545
Less current maturities	(1,780,000)	(1,780,000)
Notes payable, noncurrent	6,732,855	8,681,545
Note Payable To River City Equity, Inc. [Member]
Debt Instrument [Line Items]
Total
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Total		998,426
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Total
Note Payable To Financial Institution Two [Member]
Debt Instrument [Line Items]
Total	2,741,667	3,091,667
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Total	2,999,740	3,400,000
Note Payable To Financial Institution Four [Member]
Debt Instrument [Line Items]
Total	$ 2,771,448	$ 2,971,452

Notes Payable - Long Term (De31

Notes Payable - Long Term (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,000,000
Remaining maximum borrowing capacity	$ 6,259,000	$ 4,510,000
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% (4.625% at June 30, 2017)
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% (4.625% at June 30, 2017)
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% (4.625% at June 30, 2017)
Debt collateral	secured by JPRE assets
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 21, 2018
Description of variable rate	LIBOR plus 3.5% (4.625% at June 30, 2017)
Debt collateral	Secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries.

Equity (Details Narrative)

Equity (Details Narrative)	1 Months Ended
	Mar. 31, 2017USD ($)shares
Equity [Abstract]
Value of common stock redemption | $	$ 480,928
Number of shares for common stock redemption | shares	106,874

Cash Dividends (Details)

Cash Dividends (Details)	6 Months Ended
	Jun. 30, 2017$ / shares
Dividends [Member]
Date declared	Feb. 24, 2017
Record date	Mar. 17, 2017
Date paid	Mar. 24, 2017
Dividend per share of common stock (in dollars per share)	$ 0.025
Dividends One [Member]
Date declared	May 12, 2017
Record date	Jul. 14, 2017
Date paid	Jul. 24, 2017
Dividend per share of common stock (in dollars per share)	$ 0.025

Other Operating Expense (Detail

Other Operating Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other Income and Expenses [Abstract]
Bank fees	$ 594,390	$ 497,084	$ 1,144,739	$ 935,118
Collection costs	91,528	109,963	181,422	226,151
Conference expense	26	29,151	289,232	294,556
Insurance	265,791	173,326	515,799	344,889
Management and advisory fees	201,662	203,504	425,143	424,529
Professional and consulting fees	596,460	447,735	1,407,590	1,042,945
Supplies	420,672	176,650	752,744	359,924
Other	902,884	874,338	1,897,411	1,622,865
Total other expenses	$ 3,073,413	$ 2,511,751	$ 6,614,080	$ 5,250,977

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenue from external customers	$ 35,790,411	$ 27,172,426	$ 71,425,417	$ 55,607,712
Net income (loss)	1,751,535	1,789,064	4,018,861	3,764,648
Total segment assets	57,234,201	54,758,000	57,234,201	54,758,000	$ 60,210,652
Expenditures for segment assets	666,000	618,000	1,420,000
Franchise [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	4,033,000	3,562,000	7,977,000	7,174,000
Net income (loss)	930,000	568,000	1,565,000	1,083,000
Total segment assets	8,729,000	9,681,000	8,729,000	9,681,000
Expenditures for segment assets	13,000	7,000	13,000	15,000
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	17,087,000	8,083,000	34,131,000	17,858,000
Net income (loss)	(331,000)	74,000	289,000	454,000
Total segment assets	23,338,000	14,779,000	23,338,000	14,779,000
Expenditures for segment assets	531,000	580,000	1,204,000	1,447,000
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	12,127,000	12,689,000	24,031,000	24,754,000
Net income (loss)	1,103,000	1,103,000	1,968,000	2,007,000
Total segment assets	12,520,000	14,393,000	12,520,000	14,393,000
Expenditures for segment assets	122,000	24,000	203,000	38,000
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	2,543,000	2,838,000	5,286,000	5,822,000
Net income (loss)	201,000	262,000	455,000	574,000
Total segment assets	8,684,000	15,531,000	8,684,000	15,531,000
Expenditures for segment assets		7,000		18,000
Corporate [Member]
Segment Reporting Information [Line Items]
Revenue from external customers
Net income (loss)	(151,000)	(218,000)	(258,000)	(353,000)
Total segment assets	3,963,000	374,000	3,963,000	374,000
Expenditures for segment assets

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Employment Agreement [Member]
Amount of bonus	$ 112,000	$ 443,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Jul. 01, 2017USD ($)Number
Note Payable To Financial Institution Two [Member]
Subsequent Event [Line Items]
Repayment of debt	$ 1,000,000
Asset Purchase Agreement [Member] | PQH Wireless, Inc. [Member]
Subsequent Event [Line Items]
Number of stores | Number	53
Percentage of equity method investment	70.00%
Aggregate purchase price	$ 7,200,000
Percentage of equity method investment exercised	30.00%