Western Capital Resources (WCRS) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 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	Sep. 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	Q3
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash	$ 8,628,397	$ 14,159,975
Loans receivable (less allowance for losses of $784,000 and $1,036,000, respectively)	4,081,657	4,438,276
Accounts receivable (less allowance for doubtful accounts of $19,000 and $13,000, respectively)	994,966	696,657
Inventory, net	9,846,062	9,095,460
Prepaid income taxes	1,106,133
Prepaid expenses and other	4,164,032	3,399,433
Other current assets of discontinued operations	1,509,914	1,348,061
TOTAL CURRENT ASSETS	30,331,161	33,137,862
NOTE RECEIVABLE		2,920,112
PROPERTY AND EQUIPMENT, net	11,586,783	9,409,234
GOODWILL	5,796,529	5,796,528
INTANGIBLE ASSETS, net	5,277,826	1,295,559
DEFERRED INCOME TAXES	263,000	518,000
OTHER	1,065,936	1,001,466
NONCURRENT ASSETS OF DISCONTINUED OPERATIONS	6,441,241	6,649,891
TOTAL ASSETS	60,762,476	60,728,652
CURRENT LIABILITIES
Accounts payable and accrued expenses	10,613,642	11,626,627
Other current liabilities	1,293,210	1,198,311
Income taxes payable		95,551
Note payable - short-term	74,831	55,819
Current portion long-term debt	1,780,000	1,780,000
Current portion capital lease obligations	46,485	46,400
Deferred revenue	1,044,198	1,173,660
Current liabilities of discontinued operations	2,270,928	2,851,395
TOTAL CURRENT LIABILITIES	17,123,294	18,827,763
LONG-TERM LIABILITIES
Notes payable, net of current portion	6,014,885	8,681,545
Capital lease obligations, net of current portion	63,216	94,762
Long-term liabilities of held for sale	2,363,924	2,436,080
TOTAL LONG-TERM LIABILITIES	8,442,025	11,212,387
TOTAL LIABILITIES	25,565,319	30,040,150
COMMITMENTS AND CONTINGENCIES (Note 14)
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	29,031,808	28,997,087
Retained earnings	4,481,291	1,643,996
TOTAL WESTERN SHAREHOLDERS' EQUITY	33,514,038	30,642,033
NONCONTROLLING INTERESTS	1,683,119	46,469
TOTAL EQUITY	35,197,157	30,688,502
TOTAL LIABILITIES AND EQUITY	$ 60,762,476	$ 60,728,652

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans receivable, allowance for losses	$ 784,000	$ 1,036,000
Accounts receivable, allowance for losses	$ 19,000	$ 13,000
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 OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES
Sales and associated fees	$ 18,535,592	$ 13,066,705	$ 67,834,678	$ 52,146,348
Financing fees and interest	2,342,285	2,562,569	6,695,439	7,387,757
Other revenue	5,255,124	2,618,391	15,051,477	7,147,375
Total Revenues	26,133,001	18,247,665	89,581,594	66,681,480
COST OF REVENUES
Cost of sales	9,599,712	6,555,044	34,434,610	26,393,767
Provisions for loans receivable losses	326,998	444,689	815,313	1,176,174
Total Cost of Revenues	9,926,710	6,999,733	35,249,923	27,569,941
GROSS PROFIT	16,206,291	11,247,932	54,331,671	39,111,539
OPERATING EXPENSES
Salaries, wages and benefits	9,384,142	5,928,774	27,515,294	17,041,464
Occupancy	3,573,785	2,021,416	9,618,698	5,769,871
Advertising, marketing and development	998,433	983,487	5,117,015	5,021,984
Depreciation	438,822	282,633	1,114,513	797,192
Amortization	216,253	54,528	323,911	164,154
Other	2,469,726	1,954,320	7,878,396	5,978,859
Total Operating Expenses	17,081,161	11,225,158	51,567,827	34,773,524
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS	(874,870)	22,774	2,763,844	4,338,015
OTHER INCOME (EXPENSES):
Interest income	346	955	131,985	2,964
Interest expense	(121,647)	(93,366)	(370,213)	(320,017)
Total Other Income (Expense)	(121,301)	(92,411)	(238,228)	(317,053)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(996,171)	(69,637)	2,525,616	4,020,962
PROVISION FOR INCOME TAXES FOR CONTINUING OPERATIONS	(386,000)	10,000	863,000	1,485,000
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(610,171)	(79,637)	1,662,616	2,535,962
LESS NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONCONTROLLING INTEREST	(99,865)		(99,865)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	(710,036)	(79,637)	1,562,751	2,535,962
DISCONTINUED OPERATIONS
Income from operations of discontinued operations	1,171,159	1,406,994	3,988,232	3,282,043
Provision for income taxes for discontinued operations	440,000	541,000	1,511,000	1,267,000
Income from discontinued operations	731,159	865,994	2,477,232	2,015,043
Less net income from discontinued operations attributable to noncontrolling interests	(4,925)	(6,004)	(17,446)	(14,742)
Net income from discontinued operations attributable to Western common shareholders	726,234	859,990	2,459,786	2,000,301
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 16,198	$ 780,353	$ 4,022,537	$ 4,536,263
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
FROM CONTINUING OPERATIONS - Basic and diluted (in dollars per share)	$ (0.08)	$ (0.01)	$ 0.17	$ 0.27
FROM DISCONTINUED OPERATIONS - Basic and diluted (in dollars per share)	0.08	0.09	0.26	0.21
FROM CONTINUING AND DISCONTINUED OPERATIONS - Basic and diluted (in dollars per share)	$ 0	$ 0.08	$ 0.43	$ 0.48
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted from discontinued operations (in shares)	9,390,997	9,497,608	9,418,009	9,497,559

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES
Net Income	$ 1,662,616	$ 2,535,962
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation - continuing operations	1,114,513	797,192
Amortization - continuing operations	323,911	164,154
Share based compensation	34,721	49,263
Deferred income taxes	117,000	632,000
Loss on disposal of property and equipment	22,030	8,014
Changes in operating assets and liabilities:
Loans receivable	356,619	473,376
Accounts receivable	(298,309)	28,186
Inventory	(750,602)	(1,238,417)
Prepaid expenses and other assets	(1,746,082)	(620,529)
Accounts payable and accrued expenses	(891,043)	(1,898,140)
Deferred revenue and other current liabilities	(34,563)	(452,611)
Operating cash flows from discontinued operations	2,047,050	1,778,505
Net cash provided by operating activities	1,957,861	2,256,955
INVESTING ACTIVITIES
Purchase of property and equipment - continuing operations	(1,999,408)	(1,227,121)
Acquisition of stores, net of cash acquired	(188,325)	(588,241)
Advances on note receivable, net	(513,744)
Proceeds from disposal of property and equipment	16,959	109,350
Investing activities of discontinued operations	(30,023)	(17,594)
Net cash used by investing activities	(2,714,541)	(1,723,606)
FINANCING ACTIVITIES
Payments on notes payable - short-term	(63,303)
Advances (Payments) on line of credit, net	(998,426)	1,538,708
Advances on note payable - long-term		418,301
Payments on notes payable - long-term - continuing operations	(2,457,450)	(451,640)
Common stock redemption	(480,928)
Advances on capital lease		185,318
Payments on capital lease	(31,461)	(75,894)
Dividend paid	(704,325)	(474,914)
Financing activities of discontinued operations	(39,005)	(1,625,000)
Net cash used in financing activities	(4,774,898)	(485,121)
NET CHANGE IN CASH	(5,531,578)	48,228
CASH
Beginning of period	14,159,975	7,847,669
End of period	8,628,397	7,895,897
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	3,648,839	3,103,162
Interest paid	354,601	550,231
Noncash investing and financing activities:
Note receivable balance applied to acquisition of stores (Note 11)	3,433,856
Financed acquisition of stores (Notes 6 and 11)	789,216
Noncontrolling interest's equity contribution in acquisition of stores (Note 11)	1,550,724
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	9 Months Ended
	Sep. 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 nine month periods ended September 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 ○ AlphaGraphics, Inc. (AGI) (99.2% - disposed of October 3, 2017 – see notes 12, and 15) – franchisor of domestic and international AlphaGraphics Business Centers which specialize in the planning, production, and management of visual communications for businesses and individuals throughout the world. ● Cellular Retail ○ PQH Wireless, Inc. (PQH) (100%) – operates cellular retail stores (280 as of September 30, 2017), as an exclusive dealer of the Cricket brand. ● Direct to Consumer ○ 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. ○ Restorers Acquisition, Inc. (RAI) (100%) – an online and direct marketing distribution retailer of home improvement and restoration products operating under Van Dyke’s Restorers. ○ 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 ○ Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates “payday” stores (40 as of September 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. ○ Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of September 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 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 Operations 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 nine month periods ended September 30, 2017. In accordance with appropriate accounting rules, the Company has reclassified its previously reported financial results to exclude the results of the discontinued operations of the Franchise segment and these results are presented on a historical basis as a separate line in the Company’s condensed consolidated statements of operations and condensed consolidated balance sheets entitled “held for sale.” Also in accordance with appropriate accounting rules, continuing corporate overhead costs previously allocated to discontinued operations has been reallocated to continuing operations. The notes to the condensed consolidated financial statements have been revised to reflect only the results of continuing operations, except where noted. 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans Receivable	3. Loans Receivable – The Consumer Finance segment’s outstanding loans receivable aging was as follows: September 30, 2017 Payday Installment Pawn & Title Total Current $ 3,348,335 $ 258,785 $ 317,367 $ 3,924,487 1-30 227,700 51,146 — 278,846 31-60 188,750 25,247 — 213,997 61-90 120,350 12,936 — 133,286 91-120 127,408 5,623 — 133,031 121-150 97,366 1,659 — 99,025 151-180 81,905 1,080 — 82,985 4,191,814 356,476 317,367 4,865,657 Less Allowance (695,000 ) (89,000 ) — (784,000 ) $ 3,496,814 $ 267,476 $ 317,367 $ 4,081,657 December 31, 2016 Payday Installment Pawn & Title 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	9 Months Ended
	Sep. 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: Nine Months Ended September 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 815,313 1,605,867 Charge-offs, net (1,067,313 ) (1,746,867 ) Loans receivable allowance, end of period $ 784,000 $ 1,036,000

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Accounts Receivable	5. Accounts Receivable – A breakdown of accounts receivables for continuing operations by segment are as follows: September 30, 2017 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 342,876 $ 657,868 $ 13,222 $ 1,013,966 Less allowance — (19,000 ) — (19,000 ) Net account receivable $ 342,876 $ 638,868 $ 13,222 $ 994,966 December 31, 2016 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 333,800 $ 363,426 $ 12,431 $ 709,657 Less allowance — (13,000 ) — (13,000 ) Net account receivable $ 333,800 $ 350,426 $ 12,431 $ 696,657

Notes Payable - Long Term

Notes Payable - Long Term	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Notes Payable - Long Term	6. Notes Payable – Long Term – September 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% (4.75% at September 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% (4.75% at September 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 1,502,959 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% (4.75% at September 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 2,831,264 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% (4.75% at September 30, 2017), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,671,446 2,971,452 Subsidiary note payable to seller with monthly interest payments only at 6%, maturing June 30, 2022 789,216 — Total 7,794,885 10,461,545 Less current maturities (1,780,000 ) (1,780,000 ) $ 6,014,885 $ 8,681,545 At September 30, 2017 and December 31, 2016, approximately $7,666,000 and $4,510,000 of credit was available under the credit facilities, respectively.

Equity

Equity	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 Date declared August 28, 2017 Record date September 18, 2017 Date paid September 29, 2017 Dividend per share of common stock $ 0.025

Other Operating Expense

Other Operating Expense	9 Months Ended
	Sep. 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 Nine Months Ended 2017 2016 2017 2016 Bank fees $ 379,245 $ 320,156 $ 1,484,460 $ 1,216,555 Collection costs 94,197 85,306 275,619 311,457 Insurance 260,419 174,699 757,690 502,025 Management and advisory fees 193,710 195,425 537,853 577,954 Professional and consulting fees 555,977 368,527 1,704,803 1,174,323 Supplies 341,808 222,745 1,080,325 555,099 Other 644,370 587,462 2,037,646 1,641,446 $ 2,469,726 $ 1,954,320 $ 7,878,396 $ 5,978,859

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	10. Segment Information – Segment information related to the three and nine month periods ended September 30, 2017 and 2016 for continuing operations is presented below: Three Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 18,301 $ 4,983 $ 2,849 $ — $ 26,133 Net income (loss) $ (223 ) $ (462 ) $ 326 $ (251 ) $ (610 ) Expenditures for segmented assets $ 6,408 $ 139 $ 1 $ 7 $ 6,555 Three Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 9,294 $ 5,945 $ 3,009 $ — $ 18,248 Net income (loss) $ 72 $ (325 ) $ 391 $ (218 ) $ (80 ) Expenditures for segmented assets $ 241 $ 50 $ 21 $ — $ 312 Nine Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Discontinued Operations Total Revenue from external customers $ 52,432 $ 29,014 $ 8,136 $ — $ — $ 89,582 Net income (loss) $ 65 $ 1,507 $ 781 $ (690 ) $ — $ 1,663 Total segmented assets $ 28,375 $ 13,462 $ 8,080 $ 2,162 $ 8,683 $ 60,762 Expenditures for segment assets $ 7,612 $ 341 $ 1 $ 8 $ — $ 7,962 Nine Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Discontinued Operations Total Revenue from external customers $ 27,152 $ 30,699 $ 8,830 $ — $ — $ 66,681 Net income (loss) $ 526 $ 1,682 $ 964 $ (636 ) $ — $ 2,536 Total segmented assets $ 16,472 $ 14,723 $ 15,735 $ 413 $ 10,111 $ 57,454 Expenditures for segment assets $ 1,688 $ 88 $ 39 $ — $ — $ 1,815

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2017
Acquisition
Acquisition	11. Acquisition – 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 approximately $6,000,000, 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 a 70% interest in all 53 locations through a subsidiary of PQH, and the seller, upon exercising its option to retain a 30% ownership interest in the acquired business, contributed its interest to the subsidiary. As a result, PQH owns 70% of the newly formed subsidiary and the seller owns the remaining 30% of that subsidiary. The provisional fair value of the purchase consideration together with the corresponding fair value of the contribution by noncontrolling interests was allocated to the net tangible assets acquired. We accounted for the acquisition of stores as the purchase of a business under GAAP under the acquisition method of accounting. The assets and liabilities acquired were recorded as of the acquisition date, at their respective fair values and consolidated with those of our company. The fair value of the net assets acquired was approximately $6,000,000. The excess of the aggregate fair value over the net tangible assets has been treated as a gain on bargain purchase in accordance with ASC 805. The purchase price allocation was based, in part, on management’s knowledge of wireless retail business and is preliminary. Once we complete our analysis to finalize the purchase price allocation, which includes finalizing the valuation report, it is reasonably possible that, there could be significant changes to the preliminary values below. Under the purchase method of accounting, the assets acquired and liabilities assumed were recorded at their provisional fair values as of the purchase date as follows: July 1, 2017 Inventory $ 217,000 Property and equipment 1,332,000 Intangible assets 4,306,000 Other assets 103,000 Net assets acquired $ 5,958,000

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	12. Discontinued Operations – On September 29, 2017, the Board of Directors of the Company authorized the Company to enter into a sale agreement (see Note 15) for 100% of its stock holdings of AGI, the sole business comprising the Company’s Franchise segment. In accordance with the provisions of ASC 205-20, the Company has separately reported the assets and liabilities of the discontinued operations of the Franchise segment in the Condensed Consolidated Balance Sheets. The assets and liabilities have been reflected as held for sale in the unaudited Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016, and consist of the following: September 30, 2017 (unaudited) December 31, 2016 (unaudited) OTHER CURRENT ASSETS: Accounts receivable (less allowance for losses of $145,000 and $83,000, respectively) $ 1,306,762 $ 1,020,210 Prepaid expenses and other 203,152 327,851 TOTAL OTHER CURRENT ASSETS $ 1,509,914 $ 1,348,061 NONCURRENT ASSETS: Property and equipment, net $ 243,147 $ 287,386 Intangible assets, net 5,983,031 6,241,386 Other 215,063 121,119 TOTAL NONCURRENT ASSETS $ 6,441,241 $ 6,649,891 CURRENT LIABILITIES Accounts payable and accrued expenses $ 841,097 $ 1,375,754 Other liabilities 1,142,999 1,044,061 Income taxes payable — 170,262 Current portion capital lease obligations — 7,620 Deferred revenue and other 286,832 253,698 TOTAL CURRENT LIABILITIES $ 2,270,928 $ 2,851,395 LONG-TERM LIABILITIES Deferred income taxes $ 2,155,000 $ 2,293,000 Other 208,924 143,080 TOTAL LONG-TERM LIABILITIES $ 2,363,924 $ 2,436,080 In accordance with the provisions of ASC 205-20, the Company has not included the results of operations of the Franchise segment in the results from continuing operations. The results of operations for this business have been reflected as discontinued operations in the unaudited Condensed Consolidated Statements of Operations for the nine month periods ended September 30, 2017 and 2016, and consist of the following: Nine Months Ended September 30, 2017 (unaudited) September 30, 2016 (unaudited) REVENUES $ 12,298,655 $ 11,451,699 COST OF REVENUES 2,098,486 1,819,491 GROSS PROFIT 10,200,169 9,632,208 OPERATING EXPENSES: Salaries, wages and benefits 3,194,025 3,426,127 Occupancy 140,428 179,518 Advertising, marketing and development 436,566 271,649 Depreciation 74,263 84,141 Amortization 258,356 258,356 Other 2,108,299 2,037,001 6,211,937 6,256,792 OPERATING INCOME 3,988,232 3,375,416 INTEREST EXPENSE — (93,373 ) INCOME BEFORE INCOME TAXES 3,988,232 3,282,043 PROVISION FOR INCOME TAXES 1,511,000 1,267,000 NET INCOME 2,477,232 2,015,043 Less net income attributable to noncontrolling interests (17,446 ) (14,742 ) NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS $ 2,459,786 $ 2,000,301

Pro Forma

Pro Forma	9 Months Ended
	Sep. 30, 2017
Pro Forma
Pro Forma	13. Pro Forma – As more fully disclosed in Notes 12 and 15 herein, the Company sold 100% of its stock holdings of AGI on October 3, 2017. The following table presents the unaudited results of continuing operations for the three and nine month periods ended September 30, 2017 and September 30, 2016 (in thousands, except for per share data) as if the disposition of the discontinued operations had been consummated at the beginning of 2016. The pro forma net income below excludes interest expense on debt required to be paid off at closing of the disposition transaction and related tax effect. The pro forma results of continuing operations are prepared for comparative purposes only and do not necessarily reflect the results that would have occurred had the disposition occurred at the beginning of the 2016 or the results which may occur in the future. Three Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 18,301 $ 4,983 $ 2,849 $ — $ 26,133 % of total revenue 70.0 % 19.1 % 10.9 % — % 100.0 % Net income $ (190 ) $ (462 ) $ 326 $ (251 ) $ (577 ) Net income attributable to noncontrolling interests $ 100 $ — $ — $ — $ 100 Net income attributable to Western common shareholders $ (290 ) $ (462 ) $ 326 $ (251 ) $ (677 ) Earnings per share attributable to Western common shareholders – basic and diluted $ (0.031 ) $ (0.049 ) $ 0.035 $ (0.027 ) $ (0.072 ) Three Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 9,294 $ 5,945 $ 3,099 $ — $ 18,248 % of total revenue 50.9 % 32.6 % 16.5 % — % 100.0 % Net income $ 95 $ (325 ) $ 391 $ (218 ) $ (57 ) Net income attributable to noncontrolling interests $ — $ — $ — $ — $ — Net income attributable to Western common shareholders $ 95 $ (325 ) $ 391 $ (218 ) $ (57 ) Earnings per share attributable to Western common shareholders – basic and diluted $ 0.010 $ (0.034 ) $ 0.041 $ (0.023 ) $ (0.006 ) Nine Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 52,432 $ 29,014 $ 8,136 $ — $ 89,582 % of total revenue 58.5 % 32.4 % 9.1 % — % 100.0 % Net income $ 183 $ 1,507 $ 781 $ (690 ) $ 1,781 Net income attributable to noncontrolling interests $ 100 $ — $ — $ — $ 100 Net income attributable to Western common shareholders $ 83 $ 1,507 $ 781 $ (690 ) $ 1,681 Earnings per share attributable to Western common shareholders – basic and diluted $ 0.009 $ 0.160 $ 0.083 $ (0.073 ) $ 0.179 Nine Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 27,152 $ 30,699 $ 8,830 $ — $ 66,681 % of total revenue 40.7 % 46.0 % 13.3 % — % 100.0 % Net income $ 565 $ 1,682 $ 964 $ (636 ) $ 2,575 Net income attributable to noncontrolling interests $ — $ — $ — $ — $ — Net income attributable to Western common shareholders $ 565 $ 1,682 $ 964 $ (636 ) $ 2,575 Earnings per share attributable to Western common shareholders – basic and diluted $ 0.059 $ 0.177 $ 0.102 $ (0.067 ) $ 0.271

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. Commitments and Contingencies – Pursuant to the Company’s numerous employment agreements, bonuses of approximately $92,000 and $411,000 were accrued for the three and nine month periods ended September 30, 2017, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events – Sale of Franchise Segment On October 2, 2017, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with U.S. Business Holdings, Inc. (the “Purchaser”), MBE WorldWide S.p.A. (as guarantor for the Purchaser), BC Alpha, LLC (“BCA”, a wholly owned subsidiary of BC Alpha Holdings II, LLC), and BC Alpha Holdings II, LLC (“BCAH”, a wholly owned subsidiary of the Company). Pursuant to the Agreement, BCA sold all of its shares of capital stock of AGI to the Purchaser. This sale, which closed on October 3, 2017, constitutes the sale of the Company’s franchise segment. The cash purchase price paid by the Purchaser pursuant to the Agreement was $61,500,000, subject to post-closing working capital adjustments. BCA, BCAH, the Company and the Purchaser also agreed to make a joint election under Section 338(h)(10) of the Internal Revenue Code, which treats the transaction as an asset purchase for tax purposes subject to satisfaction of applicable legal requirements. Pursuant to the Agreement, the Company, BCA and BCAH made customary representations and warranties regarding AGI and its business, and agreed to certain covenants, including customary non-compete and no-solicit covenants related to the AGI business for a period of three years from the closing date. In addition, the Agreement requires the Company to indemnify the Purchaser for damages resulting from or arising out of any inaccuracy or breach of any representation, warranty or covenant of the Company, BCA or BCAH in the Agreement and for certain other matters. The Company’s indemnification obligations generally survive for 24 months following the closing. The Company’s maximum aggregate liability for indemnification claims for any such inaccuracies or breaches is generally limited to an indemnification escrow of $6,500,000, 50% of which (less any indemnification claims) is to be disbursed 12 months following the closing, with the remaining balance (less any indemnification claims) to be disbursed 24 months following the closing. As a result of the transaction, the Company received approximately $49,000,000 in proceeds from the sale, after taking into account the impact of the estimated working capital and similar purchase price adjustments, the escrowing of $6,500,000 of sale proceeds, the payoff of the Company’s current balance on its Fifth Third acquisition credit facility of approximately $4,300,000, and the payoff of an aggregate amount of approximately $1,600,000 in transaction costs and pre-closing AGI liabilities related to the cancellation and redemption of securities at the AGI level that occurred prior to the transaction. In connection with the transaction, the Company also entered into a Consent and Third Loan Modification Agreement (the “Modification Agreement”) with Fifth Third Bank, as lender (“Fifth Third”), which amended that certain Credit Agreement between the Company and Fifth Third, dated April 22, 2016, as amended (the “Credit Agreement”) to (i) release Fifth Third’s liens on the assets of AGI, BCA and BCAH, (ii) remove AGI, BCA and BCAH as guarantors of the Company’s obligations under the Credit Agreement, and (iii) release Fifth Third’s lien on the Company’s equity interests in BCAH. Real Estate Debt Payoff On October 12, 2017 the Company paid off the subsidiary note payable with Fifth Third which had a maturity date of June 5, 2019 and a balance of $2,638,112. Risks Inherent in Our Consumer Finance Segment In October 2017, the Consumer Financial Protection Bureau issued final rules affecting the payday lending industry and other market participants who make available certain kinds of high-interest loans. Those rules will generally require lenders to take steps to reasonably determine that borrowers will be able repay the loans according to their terms without needing to reborrow within the following 30 days. The rules also generally prohibit lenders from directly withdrawing payment from a borrower’s bank account after two prior consecutive attempted withdrawals have failed. Finally, the rules prohibit lenders from making loans to customers who have earlier taken out three “covered” loans (i.e., payday loans and certain other kinds of high-interest loans) within 30 days of each other until at least 30 days have passed from the date on which the last such covered loan is no longer outstanding. These rules will become effective on or about July 2019, and are expected to have a material impact on the industry. We evaluated all events or transactions that occurred after September 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 above.

Basis of Presentation, Nature21

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 nine month periods ended September 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 ○ AlphaGraphics, Inc. (AGI) (99.2% - disposed of October 3, 2017 – see notes 12, and 15) – franchisor of domestic and international AlphaGraphics Business Centers which specialize in the planning, production, and management of visual communications for businesses and individuals throughout the world. ● Cellular Retail ○ PQH Wireless, Inc. (PQH) (100%) – operates cellular retail stores (280 as of September 30, 2017), as an exclusive dealer of the Cricket brand. ● Direct to Consumer ○ 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. ○ Restorers Acquisition, Inc. (RAI) (100%) – an online and direct marketing distribution retailer of home improvement and restoration products operating under Van Dyke’s Restorers. ○ 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 ○ Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates “payday” stores (40 as of September 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. ○ Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of September 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 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 Operations 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 nine month periods ended September 30, 2017. In accordance with appropriate accounting rules, the Company has reclassified its previously reported financial results to exclude the results of the discontinued operations of the Franchise segment and these results are presented on a historical basis as a separate line in the Company’s condensed consolidated statements of operations and condensed consolidated balance sheets entitled “held for sale.” Also in accordance with appropriate accounting rules, continuing corporate overhead costs previously allocated to discontinued operations has been reallocated to continuing operations. The notes to the condensed consolidated financial statements have been revised to reflect only the results of continuing operations, except where noted.
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 (Tables)

Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of outstanding loans receivable aging	The Consumer Finance segment’s outstanding loans receivable aging was as follows: September 30, 2017 Payday Installment Pawn & Title Total Current $ 3,348,335 $ 258,785 $ 317,367 $ 3,924,487 1-30 227,700 51,146 — 278,846 31-60 188,750 25,247 — 213,997 61-90 120,350 12,936 — 133,286 91-120 127,408 5,623 — 133,031 121-150 97,366 1,659 — 99,025 151-180 81,905 1,080 — 82,985 4,191,814 356,476 317,367 4,865,657 Less Allowance (695,000 ) (89,000 ) — (784,000 ) $ 3,496,814 $ 267,476 $ 317,367 $ 4,081,657 December 31, 2016 Payday Installment Pawn & Title 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)	9 Months Ended
	Sep. 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: Nine Months Ended September 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 815,313 1,605,867 Charge-offs, net (1,067,313 ) (1,746,867 ) Loans receivable allowance, end of period $ 784,000 $ 1,036,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of accounts receivables for continuing operations	A breakdown of accounts receivables for continuing operations by segment are as follows: September 30, 2017 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 342,876 $ 657,868 $ 13,222 $ 1,013,966 Less allowance — (19,000 ) — (19,000 ) Net account receivable $ 342,876 $ 638,868 $ 13,222 $ 994,966 December 31, 2016 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 333,800 $ 363,426 $ 12,431 $ 709,657 Less allowance — (13,000 ) — (13,000 ) Net account receivable $ 333,800 $ 350,426 $ 12,431 $ 696,657

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	September 30, December 31, 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% (4.75% at September 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% (4.75% at September 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021 1,502,959 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% (4.75% at September 30, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021 2,831,264 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% (4.75% at September 30, 2017), secured by JPRE assets, maturing June 5, 2019 when remaining principal balance is due 2,671,446 2,971,452 Subsidiary note payable to seller with monthly interest payments only at 6%, maturing June 30, 2022 789,216 — Total 7,794,885 10,461,545 Less current maturities (1,780,000 ) (1,780,000 ) $ 6,014,885 $ 8,681,545

Cash Dividends (Tables)

Cash Dividends (Tables)	9 Months Ended
	Sep. 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 Date declared August 28, 2017 Record date September 18, 2017 Date paid September 29, 2017 Dividend per share of common stock $ 0.025

Other Operating Expense (Tables

Other Operating Expense (Tables)	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Schedule of other operating expense	A breakout of other expense is as follows: Three Months Ended Nine Months Ended 2017 2016 2017 2016 Bank fees $ 379,245 $ 320,156 $ 1,484,460 $ 1,216,555 Collection costs 94,197 85,306 275,619 311,457 Insurance 260,419 174,699 757,690 502,025 Management and advisory fees 193,710 195,425 537,853 577,954 Professional and consulting fees 555,977 368,527 1,704,803 1,174,323 Supplies 341,808 222,745 1,080,325 555,099 Other 644,370 587,462 2,037,646 1,641,446 $ 2,469,726 $ 1,954,320 $ 7,878,396 $ 5,978,859

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the three and nine month periods ended September 30, 2017 and 2016 for continuing operations is presented below: Three Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 18,301 $ 4,983 $ 2,849 $ — $ 26,133 Net income (loss) $ (223 ) $ (462 ) $ 326 $ (251 ) $ (610 ) Expenditures for segmented assets $ 6,408 $ 139 $ 1 $ 7 $ 6,555 Three Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 9,294 $ 5,945 $ 3,009 $ — $ 18,248 Net income (loss) $ 72 $ (325 ) $ 391 $ (218 ) $ (80 ) Expenditures for segmented assets $ 241 $ 50 $ 21 $ — $ 312 Nine Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Discontinued Operations Total Revenue from external customers $ 52,432 $ 29,014 $ 8,136 $ — $ — $ 89,582 Net income (loss) $ 65 $ 1,507 $ 781 $ (690 ) $ — $ 1,663 Total segmented assets $ 28,375 $ 13,462 $ 8,080 $ 2,162 $ 8,683 $ 60,762 Expenditures for segment assets $ 7,612 $ 341 $ 1 $ 8 $ — $ 7,962 Nine Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Discontinued Operations Total Revenue from external customers $ 27,152 $ 30,699 $ 8,830 $ — $ — $ 66,681 Net income (loss) $ 526 $ 1,682 $ 964 $ (636 ) $ — $ 2,536 Total segmented assets $ 16,472 $ 14,723 $ 15,735 $ 413 $ 10,111 $ 57,454 Expenditures for segment assets $ 1,688 $ 88 $ 39 $ — $ — $ 1,815

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2017
Acquisition Tables
Schedule of assets acquired and liabilities assumed	Under the purchase method of accounting, the assets acquired and liabilities assumed were recorded at their provisional fair values as of the purchase date as follows: July 1, 2017 Inventory $ 217,000 Property and equipment 1,332,000 Intangible assets 4,306,000 Other assets 103,000 Net assets acquired $ 5,958,000

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Discontinued Operations Tables
Schedule of balance sheets	The assets and liabilities have been reflected as held for sale in the unaudited Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016, and consist of the following: September 30, 2017 (unaudited) December 31, 2016 (unaudited) OTHER CURRENT ASSETS: Accounts receivable (less allowance for losses of $145,000 and $83,000, respectively) $ 1,306,762 $ 1,020,210 Prepaid expenses and other 203,152 327,851 TOTAL OTHER CURRENT ASSETS $ 1,509,914 $ 1,348,061 NONCURRENT ASSETS: Property and equipment, net $ 243,147 $ 287,386 Intangible assets, net 5,983,031 6,241,386 Other 215,063 121,119 TOTAL NONCURRENT ASSETS $ 6,441,241 $ 6,649,891 CURRENT LIABILITIES Accounts payable and accrued expenses $ 841,097 $ 1,375,754 Other liabilities 1,142,999 1,044,061 Income taxes payable — 170,262 Current portion capital lease obligations — 7,620 Deferred revenue and other 286,832 253,698 TOTAL CURRENT LIABILITIES $ 2,270,928 $ 2,851,395 LONG-TERM LIABILITIES Deferred income taxes $ 2,155,000 $ 2,293,000 Other 208,924 143,080 TOTAL LONG-TERM LIABILITIES $ 2,363,924 $ 2,436,080
Schedule of Statements of Income	The results of operations for this business have been reflected as discontinued operations in the unaudited Condensed Consolidated Statements of Income for the nine month periods ended September 30, 2017 and 2016, and consist of the following: Nine Months Ended September 30, 2017 (unaudited) September 30, 2016 (unaudited) REVENUES $ 12,298,655 $ 11,451,699 COST OF REVENUES 2,098,486 1,819,491 GROSS PROFIT 10,200,169 9,632,208 OPERATING EXPENSES: Salaries, wages and benefits 3,194,025 3,426,127 Occupancy 140,428 179,518 Advertising, marketing and development 436,566 271,649 Depreciation 74,263 84,141 Amortization 258,356 258,356 Other 2,108,299 2,037,001 6,211,937 6,256,792 OPERATING INCOME 3,988,232 3,375,416 INTEREST EXPENSE — (93,373 ) INCOME BEFORE INCOME TAXES 3,988,232 3,282,043 PROVISION FOR INCOME TAXES 1,511,000 1,267,000 NET INCOME 2,477,232 2,015,043 Less net income attributable to noncontrolling interests (17,446 ) (14,742 ) NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS $ 2,459,786 $ 2,000,301

Pro Forma (Tables)

Pro Forma (Tables)	9 Months Ended
	Sep. 30, 2017
Pro Forma Tables
Schedule of business acquisition, pro forma	The pro forma results of continuing operations are prepared for comparative purposes only and do not necessarily reflect the results that would have occurred had the disposition occurred at the beginning of the 2016 or the results which may occur in the future. Three Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 18,301 $ 4,983 $ 2,849 $ — $ 26,133 % of total revenue 70.0 % 19.1 % 10.9 % — % 100.0 % Net income $ (190 ) $ (462 ) $ 326 $ (251 ) $ (577 ) Net income attributable to noncontrolling interests $ 100 $ — $ — $ — $ 100 Net income attributable to Western common shareholders $ (290 ) $ (462 ) $ 326 $ (251 ) $ (677 ) Earnings per share attributable to Western common shareholders – basic and diluted $ (0.031 ) $ (0.049 ) $ 0.035 $ (0.027 ) $ (0.072 ) Three Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 9,294 $ 5,945 $ 3,099 $ — $ 18,248 % of total revenue 50.9 % 32.6 % 16.5 % — % 100.0 % Net income $ 95 $ (325 ) $ 391 $ (218 ) $ (57 ) Net income attributable to noncontrolling interests $ — $ — $ — $ — $ — Net income attributable to Western common shareholders $ 95 $ (325 ) $ 391 $ (218 ) $ (57 ) Earnings per share attributable to Western common shareholders – basic and diluted $ 0.010 $ (0.034 ) $ 0.041 $ (0.023 ) $ (0.006 ) Nine Months Ended September 30, 2017 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 52,432 $ 29,014 $ 8,136 $ — $ 89,582 % of total revenue 58.5 % 32.4 % 9.1 % — % 100.0 % Net income $ 183 $ 1,507 $ 781 $ (690 ) $ 1,781 Net income attributable to noncontrolling interests $ 100 $ — $ — $ — $ 100 Net income attributable to Western common shareholders $ 83 $ 1,507 $ 781 $ (690 ) $ 1,681 Earnings per share attributable to Western common shareholders – basic and diluted $ 0.009 $ 0.160 $ 0.083 $ (0.073 ) $ 0.179 Nine Months Ended September 30, 2016 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue $ 27,152 $ 30,699 $ 8,830 $ — $ 66,681 % of total revenue 40.7 % 46.0 % 13.3 % — % 100.0 % Net income $ 565 $ 1,682 $ 964 $ (636 ) $ 2,575 Net income attributable to noncontrolling interests $ — $ — $ — $ — $ — Net income attributable to Western common shareholders $ 565 $ 1,682 $ 964 $ (636 ) $ 2,575 Earnings per share attributable to Western common shareholders – basic and diluted $ 0.059 $ 0.177 $ 0.102 $ (0.067 ) $ 0.271

Basis of Presentation, Nature32

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	Sep. 30, 2017USD ($)Number
Cellular Retail [Member] | PQH Wireless, Inc. [Member]
Number of stores	280
Percentage of equity method investment	100.00%
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
Franchising [Member] | Alpha Graphics, Inc. [Member]
Percentage of equity method investment	99.20%
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 ($)	Sep. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 4,865,657	$ 5,474,276
Less Allowance	(784,000)	(1,036,000)
Notes, Loans and Financing Receivable, Net, current	4,081,657	4,438,276
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,924,487	4,240,766
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	278,846	297,730
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	213,997	229,280
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	133,286	203,819
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	133,031	175,172
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	99,025	185,514
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	82,985	141,995
Payday and Title Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,191,814	4,793,578
Less Allowance	(695,000)	(953,000)
Notes, Loans and Financing Receivable, Net, current	3,496,814	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	3,348,335	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	227,700	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	188,750	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	120,350	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	127,408	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	97,366	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	81,905	134,171
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	356,476	396,238
Less Allowance	(89,000)	(83,000)
Notes, Loans and Financing Receivable, Net, current	267,476	313,238
Installment Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	258,785	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	51,146	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	25,247	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	12,936	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	5,623	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	1,659	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	1,080	7,824
Pawn Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	317,367	284,460
Less Allowance
Notes, Loans and Financing Receivable, Net, current	317,367	284,460
Pawn Title [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	317,367	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 ($)	9 Months Ended	12 Months Ended
	Sep. 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	815,313	1,605,867
Charge-offs, net	(1,067,313)	(1,746,867)
Loans receivable allowance, end of period	$ 784,000	$ 1,036,000

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable	$ 1,013,966	$ 709,657
Less allowance	(19,000)	(13,000)
Net account receivable	994,966	696,657
Cellular Retail [Member]
Accounts receivable	342,876	333,800
Less allowance
Net account receivable	342,876	333,800
Direct to Consumer [Member]
Accounts receivable	657,868	363,426
Less allowance	(19,000)	(13,000)
Net account receivable	638,868	350,426
Consumer Finance [Member]
Accounts receivable	13,222	12,431
Less allowance
Net account receivable	$ 13,222	$ 12,431

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total	$ 7,794,885	$ 10,461,545
Less current maturities	(1,780,000)	(1,780,000)
Notes payable, noncurrent	6,014,885	8,681,545
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Total		998,426
Note Payable To Financial Institution Two [Member]
Debt Instrument [Line Items]
Total	1,502,959	3,091,667
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Total	2,831,264	3,400,000
Note Payable To Financial Institution Four [Member]
Debt Instrument [Line Items]
Total	2,671,446	2,971,452
Note Payable To Interest Payments [Member]
Debt Instrument [Line Items]
Total	$ 789,216

Notes Payable - Long Term (De37

Notes Payable - Long Term (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,000,000
Remaining maximum borrowing capacity	$ 7,666,000	$ 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% (4.75% at September 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% (4.75% at September 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% (4.75% at September 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% (4.75% at September 30, 2017)
Debt collateral	Secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries.
Note Payable To Interest Payments [Member]
Debt Instrument [Line Items]
Maturity date	Jun. 30, 2022
Stated interest rate	6.00%

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)	9 Months Ended
	Sep. 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
Dividends Two [Member]
Date declared	Aug. 28, 2017
Record date	Sep. 18, 2017
Date paid	Sep. 29, 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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Bank fees	$ 379,245	$ 320,156	$ 1,484,460	$ 1,216,555
Collection costs	94,197	85,306	275,619	311,457
Insurance	260,419	174,699	757,690	502,025
Management and advisory fees	193,710	195,425	537,853	577,954
Professional and consulting fees	555,977	368,527	1,704,803	1,174,323
Supplies	341,808	222,745	1,080,325	555,099
Other	644,370	587,462	2,037,646	1,641,446
Total other expenses	$ 2,469,726	$ 1,954,320	$ 7,878,396	$ 5,978,859

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenue from external customers	$ 26,133,001	$ 18,247,665	$ 89,581,594	$ 66,681,480
Net income (loss)	(610,171)	(79,637)	1,662,616	2,535,962
Total segmented assets	60,762,476	57,454,000	60,762,476	57,454,000	$ 60,728,652
Expenditures for segment assets	6,555,000	312,000	7,962,000	1,815,000
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Revenue from external customers
Net income (loss)
Total segmented assets	8,683,000	10,111,000	8,683,000	10,111,000
Expenditures for segment assets
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	18,301,000	9,294,000	52,432,000	27,152,000
Net income (loss)	(223,000)	72,000	65,000	526,000
Total segmented assets	28,375,000	16,472,000	28,375,000	16,472,000
Expenditures for segment assets	6,408,000	241,000	7,612,000	1,688,000
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	4,983,000	5,945,000	29,014,000	30,699,000
Net income (loss)	(462,000)	(325,000)	1,507,000	1,682,000
Total segmented assets	13,462,000	14,723,000	13,462,000	14,723,000
Expenditures for segment assets	139,000	50,000	341,000	88,000
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	2,849,000	3,009,000	8,136,000	8,830,000
Net income (loss)	326,000	391,000	781,000	964,000
Total segmented assets	8,080,000	15,735,000	8,080,000	15,735,000
Expenditures for segment assets	1,000	21,000	1,000	39,000
Corporate [Member]
Segment Reporting Information [Line Items]
Revenue from external customers
Net income (loss)	(251,000)	(218,000)	(690,000)	(636,000)
Total segmented assets	2,162,000	413,000	2,162,000	413,000
Expenditures for segment assets	$ 7,000		$ 8,000

Acquisition (Details)

Acquisition (Details) - Asset Purchase Agreement [Member] - PQH Wireless, Inc. [Member]	Jul. 02, 2017USD ($)
Inventory	$ 217,000
Property and equipment	1,332,000
Intangible assets	4,306,000
Other assets	103,000
Net assets acquired	$ 5,958,000

Acquisition (Details Narrative)

Acquisition (Details Narrative) - Asset Purchase Agreement [Member] - PQH Wireless, Inc. [Member]	Jul. 02, 2017USD ($)Number
Interest rate	70.00%
Number of stores | Number	53
Percentage of equity method investment	70.00%
Aggregate purchase price	$ 6,000,000
Percentage of equity method investment exercised	30.00%
The fair value of the net assets acquired	$ 6,000,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
OTHER CURRENT ASSETS:
TOTAL OTHER CURRENT ASSETS	$ 1,509,914	$ 1,348,061
NONCURRENT ASSETS:
TOTAL NONCURRENT ASSETS	6,441,241	6,649,891
CURRENT LIABILITIES
TOTAL CURRENT LIABILITIES	2,270,928	2,851,395
LONG-TERM LIABILITIES
TOTAL LONG-TERM LIABILITIES	2,363,924	2,436,080
Alpha Graphics, Inc. [Member]
OTHER CURRENT ASSETS:
Accounts receivable (less allowance for losses of $145,000 and $83,000, respectively)	1,306,762	1,020,210
Prepaid expenses and other	203,152	327,851
TOTAL OTHER CURRENT ASSETS	1,509,914	1,348,061
NONCURRENT ASSETS:
Property and equipment, net	243,147	287,386
Intangible assets, net	5,983,031	6,241,386
Other	215,063	121,119
TOTAL NONCURRENT ASSETS	6,441,241	6,649,891
CURRENT LIABILITIES
Accounts payable and accrued expenses	841,097	1,375,754
Other liabilities	1,142,999	1,044,061
Income taxes payable		170,262
Current portion capital lease obligations		7,620
Deferred revenue and other	286,832	253,698
TOTAL CURRENT LIABILITIES	2,270,928	2,851,395
LONG-TERM LIABILITIES
Deferred income taxes	2,155,000	2,293,000
Other	208,924	143,080
TOTAL LONG-TERM LIABILITIES	$ 2,363,924	$ 2,436,080

Discontinued Operations (Deta45

Discontinued Operations (Details) (Parenthetical) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable, allowance	$ 19,000	$ 13,000
Alpha Graphics, Inc. [Member]
Accounts receivable, allowance	$ 145,000	$ 83,000

Discontinued Operations (Deta46

Discontinued Operations (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
OPERATING EXPENSES:
INCOME BEFORE INCOME TAXES	$ 1,171,159	$ 1,406,994	$ 3,988,232	$ 3,282,043
PROVISION FOR INCOME TAXES	440,000	541,000	1,511,000	1,267,000
NET INCOME	731,159	865,994	2,477,232	2,015,043
Less net income attributable to noncontrolling interests	(4,925)	(6,004)	(17,446)	(14,742)
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 726,234	$ 859,990	2,459,786	2,000,301
Alpha Graphics, Inc. [Member]
REVENUES			12,298,655	11,451,699
COST OF REVENUES			2,098,486	1,819,491
GROSS PROFIT			10,200,169	9,632,208
OPERATING EXPENSES:
Salaries, wages and benefits			3,194,025	3,426,127
Occupancy			140,428	179,518
Advertising, marketing and development			436,566	271,649
Depreciation			74,263	84,141
Amortization			258,356	258,356
Other			2,108,299	2,037,001
TOTAL OPERATING EXPENSES			6,211,937	6,256,792
OPERATING INCOME			3,988,232	3,375,416
INTEREST EXPENSE				(93,373)
INCOME BEFORE INCOME TAXES			3,988,232	3,282,043
PROVISION FOR INCOME TAXES			1,511,000	1,267,000
NET INCOME			2,477,232	2,015,043
Less net income attributable to noncontrolling interests			(17,446)	(14,742)
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS			$ 2,459,786	$ 2,000,301

Discontinued Operations (Deta47

Discontinued Operations (Details Narrative)	Sep. 29, 2017
Sale Agreement [Member] | Alpha Graphics, Inc. [Member]
Percentage of stock holdings sold	100.00%

Pro Forma (Details)

Pro Forma (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 26,133,001	$ 18,247,665	$ 89,581,594	$ 66,681,480
% of total revenue	100.00%	100.00%	100.00%	100.00%
Net income	$ (610,171)	$ (79,637)	$ 1,662,616	$ 2,535,962
Net income attributable to noncontrolling interests	99,865		99,865
Net income attributable to Western common shareholders	$ (710,036)	$ (79,637)	$ 1,562,751	$ 2,535,962
Earnings per share attributable to Western common shareholders - basic and diluted (in dollars per share)	$ 0	$ 0.08	$ 0.43	$ 0.48
Cellular Retail [Member]
Revenue	$ 18,301,000	$ 9,294,000	$ 52,432,000	$ 27,152,000
Net income	(223,000)	72,000	65,000	526,000
Direct to Consumer [Member]
Revenue	4,983,000	5,945,000	29,014,000	30,699,000
Net income	(462,000)	(325,000)	1,507,000	1,682,000
Consumer Finance [Member]
Revenue	2,849,000	3,009,000	8,136,000	8,830,000
Net income	326,000	391,000	781,000	964,000
Corporate [Member]
Revenue
Net income	(251,000)	(218,000)	(690,000)	(636,000)
Pro Forma [Member] | Cellular Retail [Member]
Revenue	$ 18,301,000	$ 9,294,000	$ 52,432,000	$ 27,152,000
% of total revenue	70.00%	50.90%	58.50%	40.70%
Net income	$ (190,000)	$ 95,000	$ 183,000	$ 565,000
Net income attributable to noncontrolling interests	100,000		100,000
Net income attributable to Western common shareholders	$ (290,000)	$ 95,000	$ 83,000	$ 565,000
Earnings per share attributable to Western common shareholders - basic and diluted (in dollars per share)	$ (0.031)	$ 0.010	$ 0.009	$ 0.059
Pro Forma [Member] | Direct to Consumer [Member]
Revenue	$ 4,983,000	$ 5,945,000	$ 29,014,000	$ 30,699,000
% of total revenue	19.10%	32.60%	32.40%	46.00%
Net income	$ (462,000)	$ (325,000)	$ 1,507,000	$ 1,682,000
Net income attributable to noncontrolling interests
Net income attributable to Western common shareholders	$ (462,000)	$ (325,000)	$ 1,507,000	$ 1,682,000
Earnings per share attributable to Western common shareholders - basic and diluted (in dollars per share)	$ (0.049)	$ (0.034)	$ 0.160	$ 0.177
Pro Forma [Member] | Consumer Finance [Member]
Revenue	$ 2,849,000	$ 3,099,000	$ 8,136,000	$ 8,830,000
% of total revenue	10.90%	16.50%	9.10%	13.30%
Net income	$ 326,000	$ 391,000	$ 781,000	$ 964,000
Net income attributable to noncontrolling interests
Net income attributable to Western common shareholders	$ 326,000	$ 391,000	$ 781,000	$ 964,000
Earnings per share attributable to Western common shareholders - basic and diluted (in dollars per share)	$ 0.035	$ 0.041	$ 0.083	$ 0.102
Pro Forma [Member] | Corporate [Member]
Revenue
% of total revenue	0.00%	0.00%	0.00%	0.00%
Net income	$ (251,000)	$ (218,000)	$ (690,000)	$ (636,000)
Net income attributable to noncontrolling interests
Net income attributable to Western common shareholders	$ (251,000)	$ (218,000)	$ (690,000)	$ (636,000)
Earnings per share attributable to Western common shareholders - basic and diluted (in dollars per share)	$ (0.027)	$ (0.023)	$ (0.073)	$ (0.067)

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Employment Agreement [Member]
Amount of bonus	$ 92,000	$ 411,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Sale Agreement [Member] - Alpha Graphics, Inc. [Member] - USD ($)	Oct. 12, 2017	Oct. 03, 2017
Subsequent Event [Line Items]
Discontinued operation consideration		$ 61,500,000
Maximum aggregate liability for indemnification claims		$ 6,500,000
Description of indemnification claims		The Company’s maximum aggregate liability for indemnification claims for any such inaccuracies or breaches is generally limited to an indemnification escrow of $6,500,000 million, of which 50% of the balance (less any indemnification claims) is to be disbursed 12 months following the closing, with the remaining balance (less any indemnification claims) to be disbursed 24 months following the closing.
Proceeds from the sale of franchise segment		$ 49,000,000
Current balance of Fifth Third credit facility		4,300,000
Debt transaction costs		$ 1,600,000
Subsidiary note payable due On June 5, 2019 [Member]
Subsequent Event [Line Items]
Current balance of Fifth Third credit facility	$ 2,638,112