Western Capital Resources (WCRS) 10-K 29 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 29, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	1,363,958
Document Type	10-K
Trading Symbol	WCRS
Document Period End Date	Dec. 31, 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 Public Float			$ 14,601,000
Entity Common Stock, Shares Outstanding		9,390,997
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 21,295,819	$ 14,159,975
Short-term investments	32,292,902
Loans receivable (less allowance for losses of $833,000 and $1,036,000, respectively)	4,310,003	4,438,276
Accounts receivable (less allowance for losses of $16,000 and $13,000, respectively)	764,071	696,657
Inventory	9,130,842	9,095,460
Prepaid expenses and other	3,762,974	3,399,433
Escrow and other receivables	3,482,770
Other current assets of discontinued operations		1,348,061
TOTAL CURRENT ASSETS	75,039,381	33,137,862
INVESTMENTS	3,000,000
NOTE RECEIVABLE		2,920,112
PROPERTY AND EQUIPMENT, net	11,347,234	9,409,234
GOODWILL	5,796,528	5,796,528
INTANGIBLE ASSETS, net	4,987,769	1,295,559
ESCROW FUNDS RECEIVABLE	3,250,000
DEFERRED INCOME TAXES		518,000
OTHER	823,244	1,001,466
NONCURRENT ASSETS OF DISCONTINUED OPERATIONS		6,649,891
TOTAL ASSETS	104,244,156	60,728,652
CURRENT LIABILITIES
Accounts payable and accrued expenses	11,897,968	11,626,627
Other current liabilities	1,354,558	1,198,311
Income taxes payable	18,730,647	95,551
Note payable - short-term	51,992	55,819
Current portion long-term debt		1,780,000
Current portion capital lease obligations	47,174	46,400
Deferred revenue	1,073,600	1,173,660
Current liabilities of discontinued operations		2,851,395
TOTAL CURRENT LIABILITIES	33,155,939	18,827,763
LONG-TERM LIABILITIES
Notes payable, net of current portion	789,216	8,681,545
Capital lease obligations, net of current portion	51,172	94,762
Deferred income taxes	1,456,000
Other	98,259
Long-term liabilities of discontinued operations		2,436,080
TOTAL LONG-TERM LIABILITIES	2,394,647	11,212,387
TOTAL LIABILITIES	35,550,586	30,040,150
COMMITMENTS AND CONTINGENCIES (Note 21)
WESTERN SHAREHOLDERS' EQUITY
Common stock, $0.001 and no par value, 12,500,000 shares authorized, 9,390,997 and 9,497,871 issued and outstanding.	939	950
Additional paid-in capital	29,031,741	28,997,087
Retained earnings	37,903,204	1,643,996
TOTAL WESTERN SHAREHOLDERS' EQUITY	66,935,884	30,642,033
NONCONTROLLING INTERESTS	1,757,686	46,469
TOTAL EQUITY	68,693,570	30,688,502
TOTAL LIABILITIES AND EQUITY	$ 104,244,156	$ 60,728,652

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans receivable, allowance for losses	$ 833,000	$ 1,036,000
Accounts receivable, allowance for losses	$ 16,000	$ 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

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
REVENUES
Sales and associated fees	$ 92,590,486	$ 74,213,699
Financing fees and interest	9,100,908	9,881,795
Other revenue	19,829,150	9,897,250
Total Revenues	121,520,544	93,992,744
COST OF REVENUES
Cost of sales	47,741,301	37,602,371
Provisions for loans receivable losses	1,122,144	1,605,867
Total Cost of Revenues	48,863,445	39,208,238
GROSS PROFIT	72,657,099	54,784,506
OPERATING EXPENSES
Salaries, wages and benefits	36,787,317	23,892,397
Occupancy	13,203,957	8,167,224
Advertising, marketing and development	7,376,123	7,423,408
Depreciation	1,809,525	1,085,404
Amortization	534,898	218,602
Other	10,481,630	8,284,319
Total Operating Expenses	70,193,450	49,071,354
IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS		7,559,063
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS	2,463,649	(1,845,911)
OTHER INCOME (EXPENSES):
Interest income	242,916	23,344
Interest expense	(302,558)	(310,459)
Total Other Income (Expense)	(59,642)	(287,115)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	2,404,007	(2,133,026)
PROVISION FOR INCOME TAX EXPENSE (BENEFIT) FOR CONTINUING OPERATIONS	731,000	(845,000)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	1,673,007	(1,288,026)
LESS NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONCONTROLLING INTEREST	(286,033)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	1,386,974	(1,288,026)
DISCONTINUED OPERATIONS
Income from operations of discontinued operations	3,021,048	4,475,734
Gain on sale of discontinued operations	56,699,018
Less provision for income taxes for discontinued operations	(23,415,000)	(1,709,000)
Net income from discontinued operations	36,305,066	2,766,734
Less net income from discontinued operations attributable to noncontrolling interests	(12,815)	(20,390)
Net income from discontinued operations attributable to Western common shareholders	36,292,251	2,746,344
NET INCOME ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 37,679,225	$ 1,458,318
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
FROM CONTINUING OPERATIONS - Basic and diluted (in dollars per share)	$ 0.15	$ (0.14)
FROM DISCONTINUED OPERATIONS - Basic and diluted (in dollars per share)	3.85	0.29
FROM CONTINUING AND DISCONTINUED OPERATIONS - Basic and diluted (in dollars per share)	$ 4	$ 0.15
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	9,411,201	9,497,638

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]
BALANCE - beginning at Dec. 31, 2015	$ 29,858,509		$ 28,934,392	$ 898,038	$ 26,079
BALANCE - beginning (in shares) at Dec. 31, 2015		9,497,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,478,708			1,458,318	20,390
Share based compensation	63,645		63,645
Noncontrolling interest in acquisition
Recapitalization		$ 950	(950)
Elimination of Fractional Shares (Rounding up or down)
Elimination of Fractional Shares (Rounding up or down) (in shares)		337
Dividends	(712,360)			(712,360)
BALANCE - end at Dec. 31, 2016	30,688,502	$ 950	28,997,087	1,643,996	46,469
BALANCE - end (in shares) at Dec. 31, 2016		9,497,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	37,978,073			37,679,225	298,848
Share based compensation	34,654		34,654
Noncontrolling interest in acquisition	1,471,653				1,471,653
Redemption of noncontrolling interests	(27,899)				(27,899)
Dividends	(970,485)			(939,100)	(31,385)
Stock redemption	(480,928)	$ (11)		(480,917)
Stock redemption (in shares)		(106,874)
BALANCE - end at Dec. 31, 2017	$ 68,693,570	$ 939	$ 29,031,741	$ 37,903,204	$ 1,757,686
BALANCE - end (in shares) at Dec. 31, 2017		9,390,997

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES
Net Income (Loss) from continuing operations	$ 1,673,007	$ (1,288,026)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation - continuing operations	1,809,525	1,085,404
Amortization - continuing operations	534,898	218,602
Share based compensation	27,924	62,695
Deferred income taxes	570,000	(2,127,000)
Loss on disposal of property and equipment	22,131	26,443
Goodwill and intangible impairment charge		7,559,063
Changes in operating assets and liabilities:
Loans receivable	128,273	446,162
Accounts receivable	(67,414)	117,089
Inventory	(35,382)	(1,477,610)
Prepaid expenses and other assets	(32,425)	(1,579,071)
Accounts payable and accrued expenses	(1,418,872)	4,973,239
Deferred revenue and other current liabilities	(42,072)	(1,446,548)
Operating cash flows from discontinued operations	1,845,756	3,059,565
Net cash and cash equivalents provided by operating activities	5,015,349	9,630,007
INVESTING ACTIVITIES
Purchase of investments	(35,292,902)
Purchase of property and equipment - continuing operations	(2,616,616)	(1,943,214)
Acquisition of stores, net of cash acquired		(588,241)
Advances on note receivable, net	(513,743)	(2,920,112)
Proceeds from the disposal of property, plant and equipment	16,959	109,350
Cash received from discontinued operations	4,368,037	217,924
Investing activities of discontinued operations	48,252,690	(17,594)
Net cash and cash equivalents provided by (used in) investing activities	14,214,425	(5,141,887)
FINANCING ACTIVITIES
Payments on notes payable - short-term, net	(96,722)	(28,190)
Advances (payments) on line of credit, net	(998,426)	998,426
Advances on notes payable - long-term		3,818,301
Payments on notes payable - long-term, continuing operations	(5,128,896)	(726,642)
Common stock redemption	(480,928)
Advances on capital lease		185,318
Payments on capital lease	(42,816)	(69,882)
Payment of dividends	(939,100)	(712,360)
Other financing activities of discontinued operations	(4,407,042)	(1,640,785)
Net cash and cash equivalents provide by (used in) financing activities	(12,093,930)	1,824,186
NET INCREASE IN CASH AND CASH EQUIVALENTS	7,135,844	6,312,306
CASH AND CASH EQUIVALENTS
Beginning of year	14,159,975	7,847,669
End of year	21,295,819	14,159,975
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	3,869,818	3,845,718
Interest paid	189,436	615,094
Noncash investing and financing activities:
Note receivable balance applied to acquisition of stores (Notes 10 and 18)	3,433,856
Financed acquisition of stores (Notes 13 and 18)	789,216
Noncontrolling interests equity contribution in acquisition of stores (Note 18)	1,471,653
Note principal and interest paid from sales proceeds	4,343,474
Sales proceeds placed in escrow	$ 6,500,000
Long-term debt proceeds used to pay off debt and interest		3,021,699
Long-term debt proceeds used to pay prepaid financing costs		$ 60,000

Basis of Presentation, Nature o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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 / Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Cellular Retail ○ PQH Wireless, Inc. (PQH) (100%) – operates 278 cellular retail stores as of December 31, 2017 (219 100% owned plus 59 through a 70% owned subsidiary), 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 the Van Dyke’s Restorers brand. RAI merged into JPPA on December 30, 2017. ○ 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 December 31, 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 December 31, 2017) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. ● Discontinued Operations - Franchise ○ AlphaGraphics, Inc. (AGI) – 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. AGI was sold on October 2, 2017. 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 as” “PQH,” “JPPA,” “RAI,” “JPRE,” “WFL,” “EPI” or “AGI” 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 Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 810, “Consolidation” applicable to reporting the equity and net income or loss attributable to noncontrolling interests. All significant intercompany balances and transactions of the Company have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Significant management estimates relate to the notes and loans receivable allowance, carrying value and impairment of long-lived goodwill and intangible assets, inventory valuation and obsolescence, estimated useful lives of property and equipment, gift certificate and merchandise credits liability and deferred taxes and tax uncertainties. Revenue Recognition Cellular Retail Sales revenue for sales of phones and accessories and dealer compensation for related activations is recognized in the period in which the sale is completed (retail sales and associated fees). Customer service fees are recognized upon completion of the service and payment received. Other dealer compensation not attributed to phone activations is recorded in the period earned as reported to us by Cricket Wireless. All sales are presented net of sales taxes, which are excluded from revenue. Direct to Consumer Sales revenue is recognized in the period in which product is shipped. Sales billed or cash received in advance of actual shipment are deferred and recorded as income in the period in which shipment is made. Shipping and handling fees billed to customers is included in net sales. Shipping and handling costs are expensed as incurred and included in cost of sales. All sales are presented net of sales taxes, which are excluded from revenue. Consumer Finance Loan fees and interest on cash advance loans are recognized on a constant-yield basis ratably over a loan’s term. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable and installment loan maintenance fees are recognized when earned. The Company recognizes fees on pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Fair Value of Financial Measurement In determining fair value measurements, the Company follows the provisions of ASC 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements. The topic provides a consistent definition of fair value focusing on an exit price, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The topic also prioritizes, within the measurement of fair value, the use of market-based information over entity-specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three level hierarchy is as follows: Level 1 - Pricing inputs are quoted prices available in active markets for identical assets or liabilities as of the measurement date. Level 2 - Pricing inputs are quoted prices for similar assets and liabilities, or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 3 - Pricing inputs are unobservable for the assets and liabilities, that is, inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The Company’s held to maturity securities are comprised of a U.S Treasury zero coupon T-Bill and certificates of deposit. The Company’s available for sale securities consist of mutual funds held in money market mutual funds in a brokerage account, which are classified as cash equivalents. The fair value of these investments is based on quoted prices from recognized pricing services, or in the case of mutual funds, at their closing published net asset value. The Company assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Company’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the fiscal years ended December 31, 2017 and 2016, there were no transfers between levels. Receivables and Loss Allowance Direct to Consumer Receivables for noncash sales are recorded when orders are shipped and represent claims against third parties that will be settled in cash. The carrying value of receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The allowance for doubtful accounts is estimated based on historical collection trends, type of customer, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past due receivable balances are written-off when internal collection efforts have been unsuccessful in collecting the amount due. Consumer Finance Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances. Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons. All returned items are charged-off after 180 days, as collections after that date have not been significant. Loans are carried at cost plus accrued interest or fees less payments made and a loans receivable allowance. The Company does not specifically reserve for any individual payday, installment or title loan. The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio. This methodology takes into account several factors, including (1) the amount of loan principal, interest and fee outstanding, (2) historical charge offs from loans that originated during the last 24 months, (3) current and expected collection patterns and (4) current economic trends. The Company utilizes a software program to assist with the tracking of its historical portfolio statistics. A loan loss allowance is maintained for anticipated losses for payday and installment loans based primarily on our historical percentages by loan type of net charge offs, applied against the applicable balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods. Loan losses or charge-offs of pawn or title loans are not recorded because the value of the collateral exceeds the loan amount. Inventory Cellular Retail Inventory, consisting of phones and accessories, is stated at cost, determined on the specific identification and weighted-average cost basis, respectively. Direct to Consumer Inventory is valued at the lower of cost or market using the weighted-average method of determining cost. Consumer Finance Merchandise inventory is stated at the lower of cost or market. The principal amount of an unpaid loan becomes the inventory cost for forfeited collateral. Long-Lived Assets Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: ● Computer equipment and software 3 – 10 years ● Improvements and equipment 3 – 15 years ● Building 39 years The cost of maintenance and repairs is charged to operations as incurred while renewals and betterments are capitalized. The Company capitalizes certain internal costs, including payroll costs, incurred in connection with the development of software for internal use. These costs are capitalized beginning when the Company has entered the application development stage. The capitalization of these costs ceases when the software is substantially complete and ready for its intended use. Only costs incurred for enhancements that are expected to result in additional features or functionality are capitalized and expensed over the estimated useful life of the enhancements. Finite-lived intangible assets represent the fair values management assigned to assets acquired through business acquisitions, are amortized over periods of three to 15 years based on management’s estimates of the useful life of the asset and are subject to impairment evaluations. The Company assesses the possibility of impairment of long-lived assets, other than goodwill, whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors that could trigger an impairment review include significant underperformance relative to expected historical or projected future cash flows, significant changes in the manner of use of acquired assets or the strategy for the overall business, and significant negative industry events or trends. Goodwill Goodwill represents the excess of acquisition cost over the fair value of identifiable finite lived net assets acquired and is not amortized. Goodwill is tested for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate potential impairment. The Company tests for goodwill impairment at the reporting unit level, which aligns with the Company’s segments. The Company performs a qualitative assessment to determine if a quantitative impairment test is necessary. If quantitative testing is necessary based on a qualitative assessment, we apply a fair value test. This fair value test involves a two-step process. The first step is to compare the carrying value of our net assets to our fair value. If the fair value is determined to be less than the carrying value, a second step is performed to measure the amount of the impairment, if any. Merchandise Credits and Gift Card Liabilities Direct to Consumer The Company maintains a liability for unredeemed gift cards, gift certificates and merchandise credits until the earlier of redemption, escheatment or a maximum of two years. The Company has concluded based on historical redemption trends that the likelihood of these liabilities being redeemed beyond two years from the date of issuance is remote. The liability is also reserved for estimated redemption rates which management bases on historical trends. Advertising, Marketing and Development Costs Direct to Consumer The Company expenses advertising costs as they are incurred, except for direct-response advertising, which is capitalized and amortized over its expected period of future benefits, not to exceed six months. Direct-response advertising consists primarily of catalog book production, printing, and postage costs. Prepaid advertising costs at December 31, 2017 and 2016 were $0.87 million and $1.08 million, respectively. Consumer Finance The costs of advertising and marketing are expensed as incurred. Stock-based Compensation The Company accounts for its employee stock-based compensation plans using the fair value method. The fair value method requires the Company to estimate the grant-date fair value of its stock-based awards and amortize this fair value to compensation expense over the requisite service period or vesting term. The Company uses the Black-Scholes option-pricing model to estimate the fair value of the Company’s stock option awards. The determination of the fair value of stock-based payment awards on the date of grant using an option-pricing model is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include the expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, the risk-free interest rate and expected dividends. Due to the inherent limitations of option-valuation models, future events that are unpredictable and the estimation process utilized in determining the valuation of the stock-based awards, the ultimate value realized by award holders may vary significantly from the amounts expensed in the Company’s financial statements. Stock-based compensation expense is recognized net of estimated forfeitures such that expense is recognized only for those stock-based awards that are expected to vest. A forfeiture rate is estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimate. Income Taxes Deferred income taxes reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts, based on enacted tax laws and statutory tax rates applicable in the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents taxes paid or payable for the current year and changes during the year in deferred tax assets and liabilities. Net Income Per Common Share Basic net income per common share is computed by dividing the income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the period, including stock options, using the treasury stock method. Options to purchase 65,000 shares granted under the 2015 Stock Incentive Plan effective February 6, 2015 (see Note 15) were outstanding at December 31, 2017. These options have a strike price in excess of the market price as of December 31, 2017 and 2016, were antidilutive and therefore not included in the computation of diluted earnings per share. Thus, there were no dilutive common shares as of December 31, 2017 and 2016. Fair Value of Financial Instruments The amounts reported in the balance sheets for cash, short-term investments, accounts and loans receivable, inventory, and accounts payable are short-term in nature and their carrying values approximate fair values. The amounts reported in the balance sheets for notes payable are both long-term and short-term and for investments are long-term and their carrying value approximates fair value. Reclassifications and Discontinued Operations Certain Balance Sheet, Statement of Income and Statement of Cash Flows reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the year ended December 31, 2017. In accordance with ASC 205-20-45-6 interest on debt required to be paid as a result of our Franchise segment disposal transaction has been allocated to discontinued operations and in accordance with ASC 205-20-45-9 general corporate overhead has not been allocated to discontinued operations. These re-allocations and related income tax have been made in the presentation of our prior financial statements and accompanying notes. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP. This standard is effective for annual and interim periods beginning after December 15, 2017. The Company has evaluated this standard and determined it will have no impact on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740), related to balance sheet classification of deferred taxes which will require entities to present deferred tax assets (DTAs) and deferred tax liabilities (DTLs) as noncurrent in a classified balance sheet. The ASU simplifies the current guidance (ASC 740-10-45-4), which requires entities to separately present DTAs and DTLs as current and noncurrent in a classified balance sheet. The ASU is effective for annual reporting periods beginning on after December 15, 2016 and interim periods within that annual period, with early adoption permitted. The Company early adopted the ASU during our first quarter of fiscal year 2016 on a retrospective basis. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), related to recognition of lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that annual period, with early adoption permitted and to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), related to the measurement of credit losses on financial instruments. The standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The ASU is effective for annual reporting periods beginning after December 15, 2018 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. No other new accounting pronouncements issued or effective during the fiscal year have had or are expected to have a material impact on the consolidated financial statements.

Risks Inherent in the Operating

Risks Inherent in the Operating Environment	12 Months Ended
	Dec. 31, 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 federal, state, and local laws, regulations and rules, which are subject to change. New laws, regulations or rules could be enacted or issued, interpretations of existing laws, regulations or rules may change and enforcement action by regulatory agencies may intensify. Over the past several years, consumer advocacy groups and certain media reports have advocated governmental and regulatory action to prohibit or severely restrict sub-prime lending activities of the kind conducted by the Company. After several years of research, debate, and public hearings, in October 2017 the U.S. Consumer Financial Protection Bureau (CFPB) issued new rules for payday lending. The proposed rules, scheduled to go into effect in August 2019, would impose significant restrictions on the industry, and it is expected that a large number of lenders would be forced to close their stores. The CFPB’s studies projected a reduction in the number of lenders by 50%, while industry studies forecast a much higher attrition rate. At this time it is uncertain whether the rule will be implemented as announced, rewritten with more favorable terms for the industry, or thrown out altogether. If the rule is implemented as written, it could have a significant and negative impact on business conducted within our Consumer Finance segment. The above rule or any other adverse change in present federal, state, or local laws or regulations that govern or otherwise affect lending could result in the Consumer Finance segment’s curtailment or cessation of operations in certain or all jurisdictions or locations. Furthermore, any failure to comply with any applicable local, state or federal laws or regulations could result in fines, litigation, closure of one or more store locations or negative publicity. Any such change or failure would have a corresponding impact on the Company’s and segment’s results of operations and financial condition, primarily through a decrease in revenues resulting from the cessation or curtailment of operations, decrease in operating income through increased legal expenditures or fines, and could also negatively affect the Company’s general business prospects due to lost or decreased operating income or if negative publicity effects its ability to obtain additional financing as needed. In addition, the passage of federal, state or local laws and regulations or changes in interpretations of them could, at any point, essentially prohibit the Consumer Finance segment from conducting its lending business in its current form. Any such legal or regulatory change would certainly have a material and adverse effect on the Company, its operating results, financial condition and prospects, and perhaps even the viability of the Consumer Finance segment. Concentrations The Company has demand deposits at financial institutions, often times in excess of the limit for insurance by the Federal Deposit Insurance Corporation. As of December 31, 2017, the Company had demand deposits in excess of insurance amounts of approximately $6.78 million. Loans receivable in the Consumer Finance segment are concentrated in the sub-prime market and geographically, primarily in the Midwest. For the years ended December 31, 2017 and 2016, the Consumer Finance segment had geographic economic and regulatory risk concentrations (shown as a percentage of applicable segment’s revenue by state when 10% or more) as follows: Consumer Finance Segment 2017 % of Revenues 2016 % of Revenues Nebraska 37 % 36 % North Dakota 23 % 20 % Wyoming 13 % 13 % Iowa 16 % 16 % The Company’s Wireless Retail segment is an exclusive dealer for Cricket. As a dealer operating exclusively for a single carrier, the Company is subject to a number of concentrations, including revenues from a single brand, a single supplier for phones, a single operating system provider and select third party processors. Our Direct to Consumer subsidiary JPPA has an agreement with a third party wholesale grower that is in effect until 2019. The grower has agreed to perform research for JPPA and maintain JPPA’s research crop in exchange for a reduction in royalties to be paid to JPPA for growing JPPA’s patented roses. There is an option to renew the agreement for consecutive two year terms and the agreement calls for a 24 month notice prior to termination. RAI has an agreement with a single third-party fulfillment provider. For non-drop ship orders, the fulfillment provider receives and stores inventory, performs periodic cycle counts, picks, packs and ships customer orders. Additional services such as, order taking, processing of customer payments, personalization, customer services, and order processing are also performed by the fulfillment provider. The Company has started the process to move these services to our owned facility in South Carolina.

Cash Equivalents and Investment

Cash Equivalents and Investments	12 Months Ended
	Dec. 31, 2017
Cash and Cash Equivalents [Abstract]
Cash Equivalents and Investments	3. Cash Equivalents and Investments – Interest income recognized on held to maturity investments was $75,092 and $0 for the year ended December 31, 2017 and 2016, respectively. The following table shows the Company’s cash equivalents and held-to-maturity investments, by significant investment category, recorded as cash equivalents or short- and long-term investments as of December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Cash and cash equivalents Operating accounts $ 10,524,923 $ 14,159,975 Certificates of deposit 750,000 — Money Market Funds - U.S. Treasury obligations 10,020,896 — Subtotal 21,295,819 14,159,975 Held to Maturity Investments Certificates of deposit ( 4 – 15 month maturities, FDIC insured) $ 13,250,000 $ — T-Bill Zero CPN 04/05/2018 (amortized cost) 22,042,902 — Subtotal 35,292,902 — TOTAL $ 56,588,721 $ 14,159,975

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans Receivable	4. Loans Receivable – At December 31, 2017 and December 31, 2016, the Consumer Finance segment’s outstanding loans receivable aging was as follows: December 31, 2017 Payday Installment Pawn & Title Total Current $ 3,550,077 $ 271,926 $ 318,361 $ 4,140,364 1-30 216,376 47,356 — 263,732 31-60 187,916 27,766 — 215,682 61-90 150,278 17,976 — 168,254 91-120 110,943 11,870 — 122,813 121-150 131,171 4,748 — 135,919 151-180 93,222 3,017 — 96,239 4,439,983 384,659 318,361 5,143,003 Less Allowance (745,000 ) (88,000 ) — (833,000 ) $ 3,694,983 $ 296,659 $ 318,361 $ 4,310,003 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	12 Months Ended
	Dec. 31, 2017
Provision for Loan and Lease Losses [Abstract]
Loans Receivable Allowance	5. Loans Receivable Allowance – As a result of the Company’s Consumer Finance segment’s collection efforts, it historically writes off approximately 42% of the returned payday items, the most significant element making up loans receivable. Based on days past the check return date, write-offs of payday returned items historically have tracked at the following approximate percentages: 1 to 30 days – 42%; 31 to 60 days – 66%; 61 to 90 days – 84%; 91 to 120 days – 89%; and 121 to 150 – 92% and 151+ days – 93%. A rollforward of the Company’s loans receivable allowance for the year ended December 31, 2017 and 2016 is as follows: Year Ended December 31, 2017 2016 Loans receivable allowance, beginning of year $ 1,036,000 $ 1,177,000 Provision for loan losses charged to expense 1,122,144 1,605,867 Charge-offs, net (1,325,144 ) (1,746,867 ) Loans receivable allowance, end of year $ 833,000 $ 1,036,000

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Accounts Receivable	6. Accounts Receivable – A breakdown of accounts receivables for continuing operations by segment are as follows: December 31, 2017 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 399,459 $ 365,476 $ 15,136 $ 780,071 Less allowance — (16,000 ) — (16,000 ) Net account receivable $ 399,459 $ 349,476 $ 15,136 $ 764,071 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

Inventory

Inventory	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventory	7. Inventory – Inventories consist of: December 31, 2017 December 31, 2016 Finished Goods Wireless Cellular $ 5,287,932 $ 5,059,521 Direct to Consumer $ 2,988,052 $ 3,218,774 Consumer Finance $ 854,858 $ 817,165 TOTAL $ 9,130,842 $ 9,095,460 As a result of changes in the market for certain Company products and the resulting deteriorating value, carrying amounts for those inventories were reduced by approximately $576,000 and $507,000 during the year ended December 31, 2017 and 2016, respectively. These inventory write-downs have been reflected in cost of goods sold in the statement of operations. Management believes that these reductions properly reflect inventory at lower of cost or market, and no additional losses will be incurred upon disposition.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	8. Property and Equipment – A rollforward of the Company’s property and equipment is as follows: December 31, 2016 Acquisitions Additions Deletions December Property, equipment and sales floor $ 5,666,175 $ 1,170,000 $ 2,221,332 $ (350,510 ) $ 8,706,997 Software 1,424,768 — 209,721 — 1,634,489 Building 5,107,190 — 185,563 — 5,292,753 Land 1,200,000 — — — 1,200,000 Other 39,294 — — — 39,294 13,437,427 1,170,000 2,616,616 (350,510 ) 16,873,533 Accumulated depreciation (4,028,193 ) — (1,809,525 ) 311,419 (5,526,299 ) $ 9,409,234 $ 1,170,000 $ 807,091 $ (39,091 ) $ 11,347,234 December 31, 2015 Acquisitions Additions Deletions December Property, equipment and sales floor $ 3,971,088 $ 506,836 $ 1,742,209 $ (553,958 ) $ 5,666,175 Software 1,268,156 — 156,612 — 1,424,768 Building (owned) 5,148,703 — 44,393 (85,906 ) 5,107,190 Land 1,209,500 — — (9,500 ) 1,200,000 Other 61,766 — — (22,472 ) 39,294 11,659,213 506,836 1,943,214 (671,836 ) 13,437,427 Accumulated depreciation (3,478,832 ) — (1,085,404 ) 536,043 (4,028,193 ) $ 8,180,381 $ 506,836 $ 857,810 $ (135,793 ) $ 9,409,234

Goodwill and Long-Lived Assets

Goodwill and Long-Lived Assets	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Long-Lived Assets	9. Goodwill and Long-Lived Assets – During the fourth quarter of 2016, the Company completed its annual goodwill impairment test of the Consumer Finance segment, resulting in an impairment charge of $7,559,063, or 100% of the goodwill in the Consumer Finance segment. There were several factors that contributed to this charge, including a voter-approved measure in the state of South Dakota that resulted in our cessation of operations in that state, the overall negative rates of growth of sales, profit and cash flows from our payday operations, lowered expectations for future performance and negative state and industry factors that upwardly effected the discount rates used in the current year valuation versus those used previously. During the fourth quarter of 2016, the Company also completed the annual impairment assessments for all other long-lived assets, determining there was no other impairment. During the fourth quarter of 2017, the Company completed the annual impairment assessments for goodwill and long-lived assets, determining there was no impairment. The changes in the carrying amount of goodwill for the year ended December 31, 2017, are as follows: Wireless Retail Segment Direct to Consumer Segment Consumer Finance Segment Total Balance at December 31, 2015 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — — — Goodwill, net of impairment losses 5,765,284 31,244 7,559,063 13,355,591 2016 Activity: Goodwill acquired during year — — — — Impairment losses — — (7,559,063 ) (7,559,063 ) Balance at December 31, 2016 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses 5,765,284 31,244 — 5,796,528 2017 Activity: Goodwill acquired during year — — — — Impairment losses — — — — Balance at December 31, 2017 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses $ 5,765,284 $ 31,244 $ — $ 5,796,528 A rollforward of the Company’s intangible assets is as follows: December 31, 2016 Acquisitions Additions Deletions December Customer relationships $ 6,154,318 $ 4,227,108 $ — $ — $ 10,381,426 Other 227,000 — — — 227,000 Amortizable Intangible assets 6,381,318 4,227,108 — — 10,608,426 Less accumulated amortization (5,085,759 ) — (534,898 ) — (5,620,657 ) Net Amortizable Intangible Assets 1,295,559 4,227,108 (534,898 ) — 4,987,769 Non-amortizable trademarks — — — — — Intangible Assets, net $ 1,295,559 $ 4,227,108 $ (534,898 ) $ — $ 4,987,769 December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Customer relationships $ 6,072,913 $ 81,405 $ — $ — $ 6,154,318 Other 227,000 — — — 227,000 Amortizable Intangible assets 6,299,913 81,405 — — 6,381,318 Less accumulated amortization (4,867,157 ) — (218,602 ) — (5,085,759 ) Net Amortizable Intangible Assets 1,432,756 81,405 (218,602 ) — 1,295,559 Non-amortizable trademarks — — — — — Intangible Assets, net $ 1,432,756 $ 81,405 $ (218,602 ) $ — $ 1,295,559 As of December 31, 2017, estimated future amortization expense for the amortizable intangible assets is as follows: 2018 $ 796,817 2019 692,311 2020 596,500 2021 520,867 2022 495,543 Thereafter 1,885,731 $ 4,987,769

Note Receivable

Note Receivable	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Note Receivable	10. Note Receivable – The Company was party to a secured promissory note dated November 18, 2016 with the selling parties of 53 Cricket retail locations as further discussed in Note 18. The note provided for up to $4,000,000 of advances to selling parties, accrued interest at 8%, matured on the earlier of closing or November 18, 2017 and was secured by all of the property and assets of sellers. Advances and accrued interest pursuant to the secured promissory note agreement were credited against the amount owed to sellers at closing.

Deferred Revenue and Other Liab

Deferred Revenue and Other Liabilities	12 Months Ended
	Dec. 31, 2017
Deferred Revenue Disclosure [Abstract]
Deferred Revenue and Other Liabilities	11. Deferred Revenue and Other Liabilities – Deferred revenue and other liabilities consisted of the following: For the Year Ended 2017 2016 Deferred financing fees $ 239,699 $ 264,174 Merchandise credits and gift card liability 833,901 907,362 Other — 2,124 Total $ 1,073,600 $ 1,173,660

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Leases	12. Leases The Company leases retail and office facilities under operating leases with terms ranging from month to month to six years, with rights to extend for additional periods. Rent expense, inclusive of base rents and common area maintenance obligations, insurance and real estate tax reimbursements, on all operations was approximately $10,100,000 and $6,410,000 in 2017 and 2016, respectively. Future minimum lease payments under non-cancelable operating leases as of December 31, 2017 (in thousands) are approximately as follows: Year Ending December 31, Operating Leases 2018 $ 7,105 2019 6,133 2020 3,960 2021 2,616 2022 897 Thereafter 14 Total minimum lease payments $ 20,725

Notes Payable - Long Term

Notes Payable - Long Term	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Notes Payable - Long Term	13. Notes Payable – Long Term – The Company’s long-term debt is as follows: December 31, 2017 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% (4.875% at December 31, 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% (4.875% at December 31, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021. All unpaid principal and interest was paid with proceeds from the sale of the Franchise segment as more fully disclosed in Note 19. — 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% (4.875% at December 31, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021. All unpaid principal and interest was paid with proceeds from the sale of the Franchise segment as more fully disclosed in Note 19. — 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% (4.875% at December 31, 2017), secured by JPRE assets, maturing June 5, 2019. All unpaid principal and interest was paid on October 12, 2017 — 2,971,452 Subsidiary subordinated note pa yab le to seller with monthly interest only payments at 6%, guaranteed by PQH , maturing August 5 22 the . 789,216 — Total 789,216 10,461,545 Less current maturities — (1,780,000 ) $ 789,216 $ 8,681,545 Future minimum long-term principal payments as of December 31, 2017 are as follows: Year Ending December 31, Amount 2018 $ — 2019 — 2020 — 2021 — 2022 789,216 Thereafter — $ 789,216 The Company is party to a Credit Agreement with a financial institution entered into on April 22, 2016 and subject to subsequent amendments. The Credit Agreement provides the Company with a revolving line of credit facility in an aggregate amount up to $3,000,000, having a maturity date of April 21, 2018 and an acquisition loan facility in an aggregate amount of up to $9,000,000, having a maturity date of April 21, 2018. The revolver and the acquisition loan facility bear interest at a floating per annum rate equal to one-month LIBOR plus 3.50%, adjusted on a monthly basis. Funds advanced under the acquisition loan facility mature five years from the date of advance. At December 31, 2017, the entire $12,000,000 of credit was available under the credit facilities. See Note 21 for additional terms and conditions related to the Credit Agreement.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes – The Company’s provision for income tax expense (benefit) from continuing operations is as follows: For the Year Ended December 31, 2017 2016 Current: Federal $ 390,000 $ 1,172,000 State (54,000 ) 98,000 336,000 1,270,000 Deferred: Federal 331,000 (1,755,000 ) State 64,000 (360,000 ) 395,000 (2,115,000 ) $ 731,000 $ (845,000 ) Deferred income tax assets (liabilities) are summarized as follows: For the Year Ended December 31, 2017 2016 Allowance for accounts and loans receivable $ 220,000 $ 397,000 Inventory capitalization 64,000 98,000 Inventory reserve 122,000 38,000 Accrued expenses 115,000 117,000 Prepaid expense (220,000 ) (429,000 ) Property and equipment (730,000 ) (820,000 ) Goodwill and intangible assets 565,000 1,117,000 Installment sale proceeds receivable (1,592,000 ) — Net deferred income tax asset (liability) $ (1,456,000 ) $ 518,000 Reconciliations from the statutory federal income tax rate to the effective income tax rate for continuing operations are as follows: For the Year Ended December 31, 2017 2016 Income tax expense (benefit) using the statutory federal rate $ 817,000 $ (726,000 ) State income taxes, net of federal benefit (36,000 ) (184,000 ) ND meal and entertainment 11,000 16,000 Noncontrolling interest’s pass through income (91,000 ) — Tax relief act 25,000 — Transaction expenses — 18,000 Share based compensation 9,000 18,000 Other (4,000 ) 13,000 Income tax expense (benefit) $ 731,000 $ (845,000 ) The Tax Cut and Jobs Act of 2017 (the "Tax Reform Act") was enacted on December 22, 2017. This legislation makes significant changes in U.S. tax law including a reduction in corporate tax rates, changes to net operating loss carryforwards and carrybacks and a repeal of the corporate alternative minimum tax. The legislation reduced the U.S. corporate tax rate from the current rate of 34% and 35% to 21%. As a result of the enacted law, the Company was required to revalue deferred tax assets and liabilities at the newly enacted rate. This revaluation resulted in an expense of $25,000 to income tax expense in continuing operations and a corresponding increase in the deferred tax liability. The other provisions of the Tax Reform Act did not have a material impact on the 2017 consolidated financial statements. It is the Company’s practice to recognize penalties and/or interest related to income tax matters in interest and penalties expense. As of December 31, 2017 and 2016, the Company had an immaterial amount of accrued interest and penalties. The Company is subject to income taxes in the U.S. federal jurisdiction and various states and local jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Company and recognize a tax liability (or asset) if the Company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Company and has concluded that as of December 31, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Company is subject to routine audits by taxing jurisdictions. Currently the Company has no federal or state audits in progress. Management believes the Company is no longer subject to income tax examinations for years prior to 2014 for all entities with the exception of one subsidiary, which management believes is no longer subject to income tax examinations for years prior to 2013.

Equity

Equity	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Equity	15. Equity – Reincorporation On January 20, 2016, our shareholders approved a plan to reincorporate Western Capital Resources, Inc. in Delaware at a special meeting of the shareholders called for that purpose. The reincorporation was completed on May 11, 2016. WCR 2015 Stock Incentive Plan On February 2, 2008, the Board of Directors of the Company approved and adopted the Company’s 2008 Stock Incentive Plan, pursuant to which an aggregate of 100,000 shares of common stock have been reserved for issuance. Effective February 6, 2015, the Board of Directors terminated the 2008 Stock Incentive Plan and adopted the Company’s new 2015 Stock Incentive Plan. There were no incentives issued or outstanding under the terminated plan. As of December 31, 2017 65,000 options had been granted under the 2015 plan. The Board of Directors, or a committee of the board, administers the 2015 Stock Incentive Plan and has complete authority to award incentives, to interpret the plan and to make any other determination which it believes necessary and advisable for the proper administration of the plan. A total of 100,000 shares of common stock were reserved in connection with the adoption of the 2015 Stock Incentive Plan. The 2015 Stock Incentive plan permits the granting of incentives in any one or a combination of the following forms: ● stock options, including options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended, as “qualified” or “incentive” stock options; ● stock appreciation rights (often referred to as “SARs”) payable in shares of common stock; ● restricted stock and restricted stock units; ● performance awards of cash, stock or property; and ● stock awards. The following table summarizes nonvested stock option awards outstanding at December 31, 2017 and the changes for the year then ended: Number of Weighted- Weighted-Average Remaining Contractual Term ( in years Aggregate Outstanding and nonvested at December 31, 2016 43,000 $ 6.00 $ — Granted — — Vested 43,000 — — Forfeited — — — Outstanding and nonvested at December 31, 2017 — $ 6.00 — Exercisable at December 31, 2017 65,000 The options vest in three annual and near-equal installments on each of February 8, 2016, 2017 and 2018, and has a contract life of ten years. Options scheduled to vest in 2018 were accelerated and vested in 2017. There were 65,000 vested options at December 31, 2017. The strike price exceeded the share value at December 31, 2017 and thus there was no intrinsic value in outstanding vested options at December 31, 2017. As of December 31, 2017, there was no unrecognized stock-based compensation expense. Noncontrolling Interests The subsidiary PQH owns 70% of its subsidiary PQH South LLC. For financial interests in which the Company owns a controlling financial interest, the Company applies the provisions of ASC 810, which are applicable to reporting the equity and net income or loss attributable to noncontrolling interests.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2017
Dividends [Abstract]
Dividends	16. Dividends – Our Board of Directors declared the following dividends payable in 2017: Date Declared Record Date Dividend Per Share Payment Date February 24, 2017 March 17, 2017 $0.025 March 24, 2017 May 12, 2017 July 14, 2017 $0.025 July 24, 2017 August 28, 2017 September 18, 2017 $0.025 September 29, 2017 November 13, 2017 December 1, 2017 $0.025 December 8, 2017

Other Expenses

Other Expenses	12 Months Ended
	Dec. 31, 2017
Other Income and Expenses [Abstract]
Other Expenses	17. Other Expenses – A breakout of other expense is as follows: For the Year Ended December 31, 2017 2016 Bank fees $ 2,057,187 $ 1,739,766 Collection costs 367,039 397,312 Insurance 884,477 635,861 Management and advisory fees 741,624 763,630 Professional and consulting fees 2,354,455 1,658,242 Supplies 1,339,756 852,258 Other 2,737,092 2,237,250 $ 10,481,630 $ 8,284,319

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2017
Business Combination, Description [Abstract]
Acquisitions	18. Acquisitions – Cellular Retail Growth 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. The final purchase price for 100% of the equity was $5.7 million. As a result, PQH owns 70% of the newly formed subsidiary and the seller owns the remaining 30% of that subsidiary. Under the purchase method of accounting, the assets acquired and liabilities assumed were recorded at their estimated fair values as of the purchase date as follows: July 1, 2017 Inventory $ 217,000 Property and equipment 1,170,000 Intangible assets 4,227,000 Other assets 103,000 Liability assumed (22,000 ) $ 5,695,000

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	19. Discontinued Operations – 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 non-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. 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 Consolidated Balance Sheets. The assets and liabilities have been reflected as discontinued operations in the Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016, and consist of the following: December 31, 2017 December 31, 2016 OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS: Accounts receivable, net $ — $ 1,020,210 Prepaid expenses and other — 327,851 TOTAL OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS $ — $ 1,348,061 NONCURRENT ASSETS OF DISCONTINUED OPERATIONS: Property and equipment, net $ — $ 287,386 Intangible assets, net — 6,241,386 Other — 121,119 TOTAL NONCURRENT ASSETS OF DISCONTINUED OPERATIONS $ — $ 6,649,891 CURRENT LIABILITIES OF DISCONTINUED OPERATIONS Accounts payable and accrued expenses $ — $ 1,375,754 Other liabilities — 1,044,061 Income taxes payable — 170,262 Current portion capital lease obligations — 7,620 Deferred revenue and other — 253,698 TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS $ — $ 2,851,395 LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS Deferred income taxes $ — $ 2,293,000 Other — 143,080 TOTAL LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS $ — $ 2,436,080 In accordance with the provisions of ASC 205-20, the Company has not included in the results of continuing operations the results of operations of the discontinued operations of the Franchise segment in the Consolidated Statements of Income. The results of operations for this business for the period ended October 2, 2017 and year ended December 31, 2016 have been reflected as discontinued operations in the Consolidated Statements of Income for the years ended December 31, 2017 and 2016, and consist of the following: Period Ended October 2, 2017 December 31, 2016 REVENUES OF DISCONTINUED OPERATIONS $ 12,382,543 $ 15,193,793 COST OF REVENUES OF DISCONTINUED OPERATIONS 2,116,451 2,508,421 GROSS PROFIT OF DISCONTINUED OPERATIONS 10,266,092 12,685,372 OPERATING EXPENSES OF DISCONTINUED OPERATIONS: Salaries, wages and benefits 3,769,655 4,408,094 Occupancy 141,847 239,699 Advertising, marketing and development 441,542 364,813 Depreciation 74,837 111,149 Amortization 260,208 344,474 Other 2,361,868 2,523,893 7,049,957 7,992,122 OPERATING INCOME OF DISCONTINUED OPERATIONS 3,216,135 4,693,250 OTHER INCOME (EXPENSE) OF DISCONTINUED OPERATIONS Interest expense (195,087 ) (217,516 ) Gain on sale 56,699,018 — 56,503,931 (217,516 ) INCOME BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS 59,720,066 4,475,734 PROVISION FOR INCOME TAXES OF DISCONTINUED OPERATIONS 23,415,000 1,709,000 NET INCOME OF DISCONTINUED OPERATIONS 36,305,066 2,766,734 Less net income of discontinued operations attributable to noncontrolling interests (12,815 ) (20,390 ) NET INCOME OF DISCONTINUED OPERATIONS ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS $ 36,292,251 $ 2,746,344 In accordance with the provisions of ASC 205-20, the Company has separately reported the cash flow activity of the discontinued operations of the Franchise segment in the Consolidated Statements of Cash Flows. The cash flow activity from discontinued operations for the period ended October 2, 2017 and year ended December 31, 2016 have been reflected as discontinued operations in the Consolidated Statements of Cash Flows for the years ended December 31, 2017 and 2016, and consist of the following: Period Ended October 2, 2017 December 31, 2016 DISCONTINUED OPERATING ACTIVITIES Net income of discontinued operations $ 1,838,109 $ 2,766,734 Adjustments to reconcile net income of discontinued operations to net cash provided by operating activities of discontinued operations: Depreciation 74,837 111,149 Amortization 260,207 344,474 Share based compensation 6,730 950 Deferred income taxes (138,000 ) 7,000 Contract termination 893,086 — Changes in operating assets and liabilities: Accounts receivable (391,691 ) 129,236 Prepaid expenses and other assets 30,755 186,867 Accounts payable and accrued expenses (458,596 ) (114,629 ) Deferred revenue and other current liabilities (335,525 ) (434,893 ) Other liabilities – long-term 65,844 62,677 Net cash provided by operating activities of discontinued operations 1,845,756 3,059,565 INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS Purchase of property and equipment (30,024 ) (17,594 ) Proceeds from the sale of stock of discontinued operations 48,282,714 — Net cash provided by (used in) investing activities of discontinued operations 48,252,690 (17,594 ) FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS Payments on notes payable – long-term — (1,625,000 ) Principal payments on capital lease obligations (7,620 ) (23,861 ) Payments from (dividends to) shareholders (4,399,422 ) 8,076 Net cash used in financing activities of discontinued operations (4,407,042 ) (1,640,785 )

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Information	20. Segment Information – The Company has grouped its continuing operations into four segments – Cellular Retail, Direct to Consumer, Consumer Finance and Corporate. The Cellular Retail segment is a dealer for Cricket Wireless selling cellular phones and accessories, ancillary services and serving as a payment center for customers. The “Direct to Consumer” segment, which consists of an online and direct marketing distribution retailer with product offerings including seeds, live goods and garden accessories operating in the retail market under Park Seed, Jackson & Perkins and Wayside Gardens, and in the wholesale market under Park Wholesale, and an online retail seller of home improvement and restoration products operating over the internet through the domain name of www.Vandykes.com and through direct mail catalogs. The Consumer Finance segment provides financial and ancillary services. The Corporate segment includes the parent company activities, inclusive of the acquisitions department and management of acquired subsidiaries. Segment information related to the years ended December 31, 2017 and 2016 is as follows: December 31, 2017 (in thousands) Cellular Direct to Consumer Corporate Total Revenue from external customers $ 69,547 $ 40,993 $ 10,981 $ — $ 121,521 Depreciation and amortization $ 1,811 $ 453 $ 64 $ 16 $ 2,344 Interest expense $ 171 $ 132 $ — $ — $ 303 Income tax expense (benefit) $ (410 ) $ 667 $ 987 $ (513 ) $ 731 Net income (loss) $ (57 ) $ 1,837 $ 779 $ (886 ) $ 1,673 Total segment assets $ 28,337 $ 14,357 $ 7,523 $ 54,027 $ 104,244 Expenditures for segmented assets $ 7,915 $ 414 $ 1 $ 8 $ 8,338 December 31, 2016 (in thousands) Cellular Direct to Consumer Corporate Discontinued Total Revenue from external customers $ 39,236 $ 42,914 $ 11,843 $ — $ — $ 93,993 Depreciation and amortization $ 786 $ 428 $ 90 $ — $ — $ 1,304 Interest expense $ 161 $ 149 $ — $ — $ — $ 310 Income tax expense (benefit) $ 483 $ 1,197 $ (2,027 ) $ (498 ) $ — $ (845 ) Net income (loss) $ 717 $ 2,245 $ (3,318 ) $ (932 ) $ — $ (1,288 ) Total segment assets $ 23,683 $ 16,863 $ 8,471 $ 390 $ 11,322 $ 60,729 Expenditures for segmented assets $ 2,292 $ 193 $ 46 $ — $ — $ 2,531

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	21. Commitments and Contingencies – Employment Agreements The Company is party to an employment agreement with its Chief Executive Officer, Mr. John Quandahl. The agreement runs from April 1, 2016 through March 2019. The agreement provides an annual base salary, eligibility for an annual performance-based cash bonus pool for management and contains customary non-solicitation and non-competition provisions as well as provisions for severance payments upon termination by the Company without cause or upon termination by Mr. Quandahl with good reason. The Company is party to an Amended and Restated Employment Agreement effective August 16, 2017 with its Chief Financial Officer / Chief Investment Officer, Mr. Angel Donchev. The agreement provides an annual base salary, eligibility for a discretionary annual performance-based bonus up to $135,000 and contains provisions for severance payments upon termination by the Company without cause. The Company has also entered into several employment agreements with certain members of subsidiary management. The terms of each agreement are different. However, one or all of these agreements include stipulated base salary and bonus potential. The agreement also contains customary non-solicitation and non-competition provisions as well as provisions for severance payments upon termination by the Company without cause. Pursuant to the numerous employment agreements, bonuses of approximately $348,000 and $785,000 were accrued for the year ended December 31, 2017 and 2016, respectively. Credit Facility The Company is party to a Credit Agreement with a financial institution. Certain Company subsidiaries are guarantors of the borrowings and obligations under the Credit Agreement. All borrowings under the Credit Agreement are secured by substantially all assets of WCR and the guarantor subsidiaries. The Credit Agreement requires WCR to meet certain financial tests, including a leverage ratio and a fixed charge coverage ratio, as defined in the Credit Agreement. Subject to certain exceptions, the Credit Agreement contains covenants limiting the Company’s ability to (or to permit the guarantor subsidiaries to) merge or consolidate with, or engage in a sale of substantially all assets to, any party, but WCR or any guarantor subsidiary generally may nonetheless merge with another party if (i) WCR or guarantor subsidiary is the entity surviving such merger, and (ii) immediately after giving effect to such merger, no default shall have occurred and be continuing under the Credit Agreement. Subject to certain exceptions, the Credit Agreement also contains covenants limiting WCR’s ability to (or to permit the guarantor subsidiaries to) create liens on assets, incur additional indebtedness, make certain types of investments, and pay dividends or make certain other types of restricted payments, but WCR may nonetheless pay dividends to its shareholders if (a) there are no outstanding loans or unpaid interest under the revolving credit facility, and (b) no default shall have occurred and be continuing under the Credit Agreement. Some covenant waivers were granted by the financial institution during the period ended December 31, 2017 and 2016. Legal Proceedings The Company is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. The Company does not believe that such normal and routine litigation will have a material impact on its consolidated financial results.

Management and Advisory Agreeme

Management and Advisory Agreement	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Management and Advisory Agreement	22. Management and Advisory Agreement The Company is party to a Second Amended and Restated Management and Advisory Agreement dated November 1, 2017 with Blackstreet Capital Management, LLC, (“Blackstreet”) under which Blackstreet provides certain financial, managerial, strategic and operating advice and assistance to the Company. The agreement requires the Company to pay Blackstreet a fee in an amount equal to $400,000 upon the closing of an acquisition in consideration for Blackstreet’s referral to the Company of such acquisition opportunity, and Blackstreet’s assistance in the performance of due diligence services relating thereto. The annual fees under the agreement will be the greater of (i) $674,840 (subject to annual increases of five percent) or (ii) five percent of Western Capital’s “EBITDA” as defined under the agreement. All other annual fee terms and provisions remain unmodified. Finally, the agreement may only be terminated by mutual consent of the parties. Upon any termination, the Company shall pay a termination fee equal to three times the previous 12-month annual fee. The annual management and advisory fees related to the management and advisory agreement with Blackstreet for the years ended December 31, 2017 and 2016 were $641,624 and $705,630, respectively.

Special Committee of the Board

Special Committee of the Board of Directors	12 Months Ended
	Dec. 31, 2017
Special Committee Of Board Of Directors
Special Committee of the Board of Directors	23. Special Committee of the Board of Directors – The Board of Directors has appointed Mr. Ellery Roberts to various special committees of the board. Annual Director and special committee fees expense was $38,000 and $30,000 for the year ended December 31, 2017 and 2016, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	24. Related Party Transactions – Leases The Company leases three properties from an officer of the Company and another party under operating leases, one that is month-to-month, requiring monthly lease payments of $1,680, one that extends through June 2020, requiring monthly lease payments of $1,200, and one that is month-to-month, requiring monthly lease payments of $5,000. In October 2012, the Company entered into the latter lease. The lease is for a term of five years and has monthly base rental payments of $5,000 per month. The lease is at terms substantially similar to other leases for property near that location. The lease transaction was approved by the Board of Directors and the related party abstained from voting. This property is used for a Cricket retail storefront. On August 31, 2011, the Company entered into two operating leases for property owned by Ladary, LLC. Ladary, which acquired the two properties in foreclosure sales, is partially owned by the Chief Executive Officer and Chief Financial Officer of the Company, two current or past directors and one employee of the management company that manages the Company’s largest shareholder. The leases, one of which replaced an earlier lease that the Company had entered into with the prior landlord, have four-year terms, require aggregate monthly rental payments of $6,300, and are on terms and conditions substantially similar to those contained in the replaced leases. Annual rent expense to related parties for the five retail locations for 2017 and 2016 was approximately $170,000 per year.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	25. Subsequent Events – Dividend Our Board of Directors declared the following dividends payable in 2018: Date Declared Record Date Dividend Per Share Payment Date January 18, 2018 February 9, 2018 $0.05 February 14, 2018 Cellular Retail Store Exchange In February 2018, the Company transferred 28 Cricket Wireless retail locations to another Cricket Wireless dealer in exchange for 15 Cricket Wireless retail locations.

Basis of Presentation, Nature32

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation / Nature of Business	Basis of Presentation / Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Cellular Retail ○ PQH Wireless, Inc. (PQH) (100%) – operates 278 cellular retail stores as of December 31, 2017 (219 100% owned plus 59 through a 70% owned subsidiary), 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 the Van Dyke’s Restorers brand. RAI merged into JPPA on December 30, 2017. ○ 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 December 31, 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 December 31, 2017) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. ● Discontinued Operations - Franchise ○ AlphaGraphics, Inc. (AGI) – 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. AGI was sold on October 2, 2017. 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 as” “PQH,” “JPPA,” “RAI,” “JPRE,” “WFL,” “EPI” or “AGI” 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 Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 810, “Consolidation” applicable to reporting the equity and net income or loss attributable to noncontrolling interests. All significant intercompany balances and transactions of the Company have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Significant management estimates relate to the notes and loans receivable allowance, carrying value and impairment of long-lived goodwill and intangible assets, inventory valuation and obsolescence, estimated useful lives of property and equipment, gift certificate and merchandise credits liability and deferred taxes and tax uncertainties.
Revenue Recognition	Revenue Recognition Cellular Retail Sales revenue for sales of phones and accessories and dealer compensation for related activations is recognized in the period in which the sale is completed (retail sales and associated fees). Customer service fees are recognized upon completion of the service and payment received. Other dealer compensation not attributed to phone activations is recorded in the period earned as reported to us by Cricket Wireless. All sales are presented net of sales taxes, which are excluded from revenue. Direct to Consumer Sales revenue is recognized in the period in which product is shipped. Sales billed or cash received in advance of actual shipment are deferred and recorded as income in the period in which shipment is made. Shipping and handling fees billed to customers is included in net sales. Shipping and handling costs are expensed as incurred and included in cost of sales. All sales are presented net of sales taxes, which are excluded from revenue. Consumer Finance Loan fees and interest on cash advance loans are recognized on a constant-yield basis ratably over a loan’s term. Title and installment loan fees and interest are recognized using the interest method, except that installment loan origination fees are recognized as they become non-refundable and installment loan maintenance fees are recognized when earned. The Company recognizes fees on pawn loans on a constant-yield basis ratably over the loans’ terms. No fees are recognized on forfeited pawn loans.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents.
Fair Value of Financial Measurement	Fair Value of Financial Measurement In determining fair value measurements, the Company follows the provisions of ASC 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements. The topic provides a consistent definition of fair value focusing on an exit price, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The topic also prioritizes, within the measurement of fair value, the use of market-based information over entity-specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three level hierarchy is as follows: Level 1 - Pricing inputs are quoted prices available in active markets for identical assets or liabilities as of the measurement date. Level 2 - Pricing inputs are quoted prices for similar assets and liabilities, or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 3 - Pricing inputs are unobservable for the assets and liabilities, that is, inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The Company’s held to maturity securities are comprised of a U.S Treasury zero coupon T-Bill and certificates of deposit. The Company’s available for sale securities consist of mutual funds held in money market mutual funds in a brokerage account, which are classified as cash equivalents. The fair value of these investments is based on quoted prices from recognized pricing services, or in the case of mutual funds, at their closing published net asset value. The Company assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Company’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the fiscal years ended December 31, 2017 and 2016, there were no transfers between levels.
Receivables and Loss Allowance	Receivables and Loss Allowance Direct to Consumer Receivables for noncash sales are recorded when orders are shipped and represent claims against third parties that will be settled in cash. The carrying value of receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The allowance for doubtful accounts is estimated based on historical collection trends, type of customer, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past due receivable balances are written-off when internal collection efforts have been unsuccessful in collecting the amount due. Consumer Finance Included in loans receivable are unpaid principal, interest and fee balances of payday, installment, pawn and title loans that have not reached their maturity date, and “late” payday loans that have reached maturity within the last 180 days and have remaining outstanding balances. Late payday loans generally are unpaid loans where a customer’s personal check has been deposited and the check has been returned due to non-sufficient funds in the customer’s account, a closed account, or other reasons. All returned items are charged-off after 180 days, as collections after that date have not been significant. Loans are carried at cost plus accrued interest or fees less payments made and a loans receivable allowance. The Company does not specifically reserve for any individual payday, installment or title loan. The Company aggregates loan types for purposes of estimating the loss allowance using a methodology that analyzes historical portfolio statistics and management’s judgment regarding recent trends noted in the portfolio. This methodology takes into account several factors, including (1) the amount of loan principal, interest and fee outstanding, (2) historical charge offs from loans that originated during the last 24 months, (3) current and expected collection patterns and (4) current economic trends. The Company utilizes a software program to assist with the tracking of its historical portfolio statistics. A loan loss allowance is maintained for anticipated losses for payday and installment loans based primarily on our historical percentages by loan type of net charge offs, applied against the applicable balance of loan principal, interest and fees outstanding. The Company also periodically performs a look-back analysis on its loan loss allowance to verify the historical allowance established tracks with the actual subsequent loan write-offs and recoveries. The Company is aware that as conditions change, it may also need to make additional allowances in future periods. Loan losses or charge-offs of pawn or title loans are not recorded because the value of the collateral exceeds the loan amount.
Inventory	Inventory Cellular Retail Inventory, consisting of phones and accessories, is stated at cost, determined on the specific identification and weighted-average cost basis, respectively. Direct to Consumer Inventory is valued at the lower of cost or market using the weighted-average method of determining cost. Consumer Finance Merchandise inventory is stated at the lower of cost or market. The principal amount of an unpaid loan becomes the inventory cost for forfeited collateral.
Long-Lived Assets	Long-Lived Assets Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: ● Computer equipment and software 3 – 10 years ● Improvements and equipment 3 – 15 years ● Building 39 years The cost of maintenance and repairs is charged to operations as incurred while renewals and betterments are capitalized. The Company capitalizes certain internal costs, including payroll costs, incurred in connection with the development of software for internal use. These costs are capitalized beginning when the Company has entered the application development stage. The capitalization of these costs ceases when the software is substantially complete and ready for its intended use. Only costs incurred for enhancements that are expected to result in additional features or functionality are capitalized and expensed over the estimated useful life of the enhancements. Finite-lived intangible assets represent the fair values management assigned to assets acquired through business acquisitions, are amortized over periods of three to 15 years based on management’s estimates of the useful life of the asset and are subject to impairment evaluations. The Company assesses the possibility of impairment of long-lived assets, other than goodwill, whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors that could trigger an impairment review include significant underperformance relative to expected historical or projected future cash flows, significant changes in the manner of use of acquired assets or the strategy for the overall business, and significant negative industry events or trends.
Goodwill	Goodwill Goodwill represents the excess of acquisition cost over the fair value of identifiable finite lived net assets acquired and is not amortized. Goodwill is tested for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate potential impairment. The Company tests for goodwill impairment at the reporting unit level, which aligns with the Company’s segments. The Company performs a qualitative assessment to determine if a quantitative impairment test is necessary. If quantitative testing is necessary based on a qualitative assessment, we apply a fair value test. This fair value test involves a two-step process. The first step is to compare the carrying value of our net assets to our fair value. If the fair value is determined to be less than the carrying value, a second step is performed to measure the amount of the impairment, if any.
Merchandise Credits and Gift Card Liabilities	Merchandise Credits and Gift Card Liabilities Direct to Consumer The Company maintains a liability for unredeemed gift cards, gift certificates and merchandise credits until the earlier of redemption, escheatment or a maximum of two years. The Company has concluded based on historical redemption trends that the likelihood of these liabilities being redeemed beyond two years from the date of issuance is remote. The liability is also reserved for estimated redemption rates which management bases on historical trends.
Advertising, Marketing and Development Costs	Advertising, Marketing and Development Costs Direct to Consumer The Company expenses advertising costs as they are incurred, except for direct-response advertising, which is capitalized and amortized over its expected period of future benefits, not to exceed six months. Direct-response advertising consists primarily of catalog book production, printing, and postage costs. Prepaid advertising costs at December 31, 2017 and 2016 were $0.87 million and $1.08 million, respectively. Consumer Finance The costs of advertising and marketing are expensed as incurred.
Stock-based Compensation	Stock-based Compensation The Company accounts for its employee stock-based compensation plans using the fair value method. The fair value method requires the Company to estimate the grant-date fair value of its stock-based awards and amortize this fair value to compensation expense over the requisite service period or vesting term. The Company uses the Black-Scholes option-pricing model to estimate the fair value of the Company’s stock option awards. The determination of the fair value of stock-based payment awards on the date of grant using an option-pricing model is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include the expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, the risk-free interest rate and expected dividends. Due to the inherent limitations of option-valuation models, future events that are unpredictable and the estimation process utilized in determining the valuation of the stock-based awards, the ultimate value realized by award holders may vary significantly from the amounts expensed in the Company’s financial statements. Stock-based compensation expense is recognized net of estimated forfeitures such that expense is recognized only for those stock-based awards that are expected to vest. A forfeiture rate is estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimate.
Income Taxes	Income Taxes Deferred income taxes reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts, based on enacted tax laws and statutory tax rates applicable in the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents taxes paid or payable for the current year and changes during the year in deferred tax assets and liabilities.
Net Income Per Common Share	Net Income Per Common Share Basic net income per common share is computed by dividing the income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the period, including stock options, using the treasury stock method. Options to purchase 65,000 shares granted under the 2015 Stock Incentive Plan effective February 6, 2015 (see Note 15) were outstanding at December 31, 2017. These options have a strike price in excess of the market price as of December 31, 2017 and 2016, were antidilutive and therefore not included in the computation of diluted earnings per share. Thus, there were no dilutive common shares as of December 31, 2017 and 2016.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The amounts reported in the balance sheets for cash, short-term investments, accounts and loans receivable, inventory, and accounts payable are short-term in nature and their carrying values approximate fair values. The amounts reported in the balance sheets for notes payable are both long-term and short-term and for investments are long-term and their carrying value approximates fair value.
Reclassifications and Discontinued Operations	Reclassifications and Discontinued Operations Certain Balance Sheet, Statement of Income and Statement of Cash Flows reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the year ended December 31, 2017. In accordance with ASC 205-20-45-6 interest on debt required to be paid as a result of our Franchise segment disposal transaction has been allocated to discontinued operations and in accordance with ASC 205-20-45-9 general corporate overhead has not been allocated to discontinued operations. These re-allocations and related income tax have been made in the presentation of our prior financial statements and accompanying notes.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP. This standard is effective for annual and interim periods beginning after December 15, 2017. The Company has evaluated this standard and determined it will have no impact on our financial condition, results of operations and consolidated financial statements. In November 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740), related to balance sheet classification of deferred taxes which will require entities to present deferred tax assets (DTAs) and deferred tax liabilities (DTLs) as noncurrent in a classified balance sheet. The ASU simplifies the current guidance (ASC 740-10-45-4), which requires entities to separately present DTAs and DTLs as current and noncurrent in a classified balance sheet. The ASU is effective for annual reporting periods beginning on after December 15, 2016 and interim periods within that annual period, with early adoption permitted. The Company early adopted the ASU during our first quarter of fiscal year 2016 on a retrospective basis. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), related to recognition of lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that annual period, with early adoption permitted and to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), related to the measurement of credit losses on financial instruments. The standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The ASU is effective for annual reporting periods beginning after December 15, 2018 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company is currently evaluating the impact the ASU will have on our financial condition, results of operations and consolidated financial statements. No other new accounting pronouncements issued or effective during the fiscal year have had or are expected to have a material impact on the consolidated financial statements.

Basis of Presentation, Nature33

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of property and equipment estimated useful lives	Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the related assets as follows: ● Computer equipment and software 3 – 10 years ● Improvements and equipment 3 – 15 years ● Building 39 years

Risks Inherent in the Operati34

Risks Inherent in the Operating Environment (Tables)	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Schedule of geographic economic and regulatory risk concentrations	For the years ended December 31, 2017 and 2016, the Consumer Finance segment had geographic economic and regulatory risk concentrations (shown as a percentage of applicable segment’s revenue by state when 10% or more) as follows: Consumer Finance Segment 2017 % of Revenues 2016 % of Revenues Nebraska 37 % 36 % North Dakota 23 % 20 % Wyoming 13 % 13 % Iowa 16 % 16 %

Cash Equivalents and Investme35

Cash Equivalents and Investments (Tables)	12 Months Ended
	Dec. 31, 2017
Cash and Cash Equivalents [Abstract]
Schedule of cash equivalents or short- and long-term investments	The following table shows the Company’s cash equivalents and held-to-maturity investments, by significant investment category, recorded as cash equivalents or short- and long-term investments as of December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Cash and cash equivalents Operating accounts $ 10,524,923 $ 14,159,975 Certificates of deposit 750,000 — Money Market Funds - U.S. Treasury obligations 10,020,896 — Subtotal 21,295,819 14,159,975 Held to Maturity Investments Certificates of deposit ( 4 – 15 month maturities, FDIC insured) $ 13,250,000 $ — T-Bill Zero CPN 04/05/2018 (amortized cost) 22,042,902 — Subtotal 35,292,902 — TOTAL $ 56,588,721 $ 14,159,975

Loans Receivable (Table)

Loans Receivable (Table)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of outstanding loans receivable aging	At December 31, 2017 and December 31, 2016, the Consumer Finance segment’s outstanding loans receivable aging was as follows: December 31, 2017 Payday Installment Pawn & Title Total Current $ 3,550,077 $ 271,926 $ 318,361 $ 4,140,364 1-30 216,376 47,356 — 263,732 31-60 187,916 27,766 — 215,682 61-90 150,278 17,976 — 168,254 91-120 110,943 11,870 — 122,813 121-150 131,171 4,748 — 135,919 151-180 93,222 3,017 — 96,239 4,439,983 384,659 318,361 5,143,003 Less Allowance (745,000 ) (88,000 ) — (833,000 ) $ 3,694,983 $ 296,659 $ 318,361 $ 4,310,003 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)	12 Months Ended
	Dec. 31, 2017
Provision for Loan and Lease Losses [Abstract]
Schedule of loans receivable allowance	A rollforward of the Company’s loans receivable allowance for the year ended December 31, 2017 and 2016 is as follows: Year Ended December 31, 2017 2016 Loans receivable allowance, beginning of year $ 1,036,000 $ 1,177,000 Provision for loan losses charged to expense 1,122,144 1,605,867 Charge-offs, net (1,325,144 ) (1,746,867 ) Loans receivable allowance, end of year $ 833,000 $ 1,036,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of accounts receivables	A breakdown of accounts receivables for continuing operations by segment are as follows: December 31, 2017 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 399,459 $ 365,476 $ 15,136 $ 780,071 Less allowance — (16,000 ) — (16,000 ) Net account receivable $ 399,459 $ 349,476 $ 15,136 $ 764,071 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

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consist of: December 31, 2017 December 31, 2016 Finished Goods Wireless Cellular $ 5,287,932 $ 5,059,521 Direct to Consumer $ 2,988,052 $ 3,218,774 Consumer Finance $ 854,858 $ 817,165 TOTAL $ 9,130,842 $ 9,095,460

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	A rollforward of the Company’s property and equipment is as follows: December 31, 2016 Acquisitions Additions Deletions December Property, equipment and sales floor $ 5,666,175 $ 1,170,000 $ 2,221,332 $ (350,510 ) $ 8,706,997 Software 1,424,768 — 209,721 — 1,634,489 Building 5,107,190 — 185,563 — 5,292,753 Land 1,200,000 — — — 1,200,000 Other 39,294 — — — 39,294 13,437,427 1,170,000 2,616,616 (350,510 ) 16,873,533 Accumulated depreciation (4,028,193 ) — (1,809,525 ) 311,419 (5,526,299 ) $ 9,409,234 $ 1,170,000 $ 807,091 $ (39,091 ) $ 11,347,234 December 31, 2015 Acquisitions Additions Deletions December Property, equipment and sales floor $ 3,971,088 $ 506,836 $ 1,742,209 $ (553,958 ) $ 5,666,175 Software 1,268,156 — 156,612 — 1,424,768 Building (owned) 5,148,703 — 44,393 (85,906 ) 5,107,190 Land 1,209,500 — — (9,500 ) 1,200,000 Other 61,766 — — (22,472 ) 39,294 11,659,213 506,836 1,943,214 (671,836 ) 13,437,427 Accumulated depreciation (3,478,832 ) — (1,085,404 ) 536,043 (4,028,193 ) $ 8,180,381 $ 506,836 $ 857,810 $ (135,793 ) $ 9,409,234

Goodwill and Long-Lived Assets

Goodwill and Long-Lived Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amount of goodwill	The changes in the carrying amount of goodwill for the year ended December 31, 2017, are as follows: Wireless Retail Segment Direct to Consumer Segment Consumer Finance Segment Total Balance at December 31, 2015 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — — — Goodwill, net of impairment losses 5,765,284 31,244 7,559,063 13,355,591 2016 Activity: Goodwill acquired during year — — — — Impairment losses — — (7,559,063 ) (7,559,063 ) Balance at December 31, 2016 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses 5,765,284 31,244 — 5,796,528 2017 Activity: Goodwill acquired during year — — — — Impairment losses — — — — Balance at December 31, 2017 Goodwill 5,765,284 31,244 7,559,063 13,355,591 Accumulated impairment losses — — (7,559,063 ) (7,559,063 ) Goodwill, net of impairment losses $ 5,765,284 $ 31,244 $ — $ 5,796,528
Schedule of intangible assets	A rollforward of the Company’s intangible assets is as follows: December 31, 2016 Acquisitions Additions Deletions December 31, 2017 Customer relationships $ 6,154,318 $ 4,227,108 $ — $ — $ 10,381,426 Other 227,000 — — — 227,000 Amortizable Intangible assets 6,381,318 4,227,108 — — 10,608,426 Less accumulated amortization (5,085,759 ) — (534,898 ) — (5,620,657 ) Net Amortizable Intangible Assets 1,295,559 4,227,108 (534,898 ) — 4,987,769 Non-amortizable trademarks — — — — — Intangible Assets, net $ 1,295,559 $ 4,227,108 $ (534,898 ) $ — $ 4,987,769 December 31, 2015 Acquisitions Additions Deletions December 31, 2016 Customer relationships $ 6,072,913 $ 81,405 $ — $ — $ 6,154,318 Other 227,000 — — — 227,000 Amortizable Intangible assets 6,299,913 81,405 — — 6,381,318 Less accumulated amortization (4,867,157 ) — (218,602 ) — (5,085,759 ) Net Amortizable Intangible Assets 1,432,756 81,405 (218,602 ) — 1,295,559 Non-amortizable trademarks — — — — — Intangible Assets, net $ 1,432,756 $ 81,405 $ (218,602 ) $ — $ 1,295,559
Schedule of estimated future amortization expense	As of December 31, 2017, estimated future amortization expense for the amortizable intangible assets is as follows: 2018 $ 796,817 2019 692,311 2020 596,500 2021 520,867 2022 495,543 Thereafter 1,885,731 $ 4,987,769

Deferred Revenue and Other Li42

Deferred Revenue and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Revenue Disclosure [Abstract]
Schedule of deferred revenue and other liabilities	Deferred revenue and other liabilities consisted of the following: For the Year Ended 2017 2016 Deferred financing fees $ 239,699 $ 264,174 Merchandise credits and gift card liability 833,901 907,362 Other — 2,124 Total $ 1,073,600 $ 1,173,660

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of future minimum base lease payments	Future minimum lease payments under non-cancelable operating leases as of December 31, 2017 (in thousands) are approximately as follows: Year Ending December 31, Operating Leases 2018 $ 7,105 2019 6,133 2020 3,960 2021 2,616 2022 897 Thereafter 14 Total minimum lease payments $ 20,725

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	The Company’s long-term debt is as follows: December 31, 2017 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% (4.875% at December 31, 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% (4.875% at December 31, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing April 21, 2021. All unpaid principal and interest was paid with proceeds from the sale of the Franchise segment as more fully disclosed in Note 19. — 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% (4.875% at December 31, 2017), secured by substantially all assets of the Company with stated guarantee amounts by subsidiaries, maturing December 1, 2021. All unpaid principal and interest was paid with proceeds from the sale of the Franchise segment as more fully disclosed in Note 19. — 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% (4.875% at December 31, 2017), secured by JPRE assets, maturing June 5, 2019. All unpaid principal and interest was paid on October 12, 2017 — 2,971,452 Subsidiary subordinated note pa yab le to seller with monthly interest only payments at 6%, guaranteed by PQH , maturing August 5 22 the . 789,216 — Total 789,216 10,461,545 Less current maturities — (1,780,000 ) $ 789,216 $ 8,681,545
Schedule of future minimum long-term principal payments	Future minimum long-term principal payments as of December 31, 2017 are as follows: Year Ending December 31, Amount 2018 $ — 2019 — 2020 — 2021 — 2022 789,216 Thereafter — $ 789,216

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The Company’s provision for income tax expense (benefit) from continuing operations is as follows: For the Year Ended December 31, 2017 2016 Current: Federal $ 390,000 $ 1,172,000 State (54,000 ) 98,000 336,000 1,270,000 Deferred: Federal 331,000 (1,755,000 ) State 64,000 (360,000 ) 395,000 (2,115,000 ) $ 731,000 $ (845,000 )
Schedule of deferred income tax assets (liabilities)	Deferred income tax assets (liabilities) are summarized as follows: For the Year Ended December 31, 2017 2016 Allowance for accounts and loans receivable $ 220,000 $ 397,000 Inventory capitalization 64,000 98,000 Inventory reserve 122,000 38,000 Accrued expenses 115,000 117,000 Prepaid expense (220,000 ) (429,000 ) Property and equipment (730,000 ) (820,000 ) Goodwill and intangible assets 565,000 1,117,000 Installment sale proceeds receivable (1,592,000 ) — Net deferred income tax asset (liability) $ (1,456,000 ) $ 518,000
Schedule of effective income tax rate	Reconciliations from the statutory federal income tax rate to the effective income tax rate for continuing operations are as follows: For the Year Ended December 31, 2017 2016 Income tax expense (benefit) using the statutory federal rate $ 817,000 $ (726,000 ) State income taxes, net of federal benefit (36,000 ) (184,000 ) ND meal and entertainment 11,000 16,000 Noncontrolling interest’s pass through income (91,000 ) — Tax relief act 25,000 — Transaction expenses — 18,000 Share based compensation 9,000 18,000 Other (4,000 ) 13,000 Income tax expense (benefit) $ 731,000 $ (845,000 )

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Schedule of nonnvested stock option awards outstanding	The following table summarizes nonvested stock option awards outstanding at December 31, 2017 and the changes for the year then ended: Number of Weighted- Weighted-Average ( in years Aggregate Outstanding and nonvested at December 31, 2016 43,000 $ 6.00 $ — Granted — — Vested 43,000 — — Forfeited — — — Outstanding and nonvested at December 31, 2017 — $ 6.00 — Exercisable at December 31, 2017 65,000

Dividends (Tables)

Dividends (Tables)	12 Months Ended
	Dec. 31, 2017
Dividends, Common Stock [Abstract]
Schedule of dividends payable	Our Board of Directors declared the following dividends payable in 2017: Date Declared Record Date Dividend Per Share Payment Date February 24, 2017 March 17, 2017 $0.025 March 24, 2017 May 12, 2017 July 14, 2017 $0.025 July 24, 2017 August 28, 2017 September 18, 2017 $0.025 September 29, 2017 November 13, 2017 December 1, 2017 $0.025 December 8, 2017

Other Expenses (Tables)

Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Other Income and Expenses [Abstract]
Schedule of other expense	A breakout of other expense is as follows: For the Year Ended December 31, 2017 2016 Bank fees $ 2,057,187 $ 1,739,766 Collection costs 367,039 397,312 Insurance 884,477 635,861 Management and advisory fees 741,624 763,630 Professional and consulting fees 2,354,455 1,658,242 Supplies 1,339,756 852,258 Other 2,737,092 2,237,250 $ 10,481,630 $ 8,284,319

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combination, Description [Abstract]
Schedule of assets acquired and liabilities assumed	Under the purchase method of accounting, the assets acquired and liabilities assumed were recorded at their estimated fair values as of the purchase date as follows: July 1, 2017 Inventory $ 217,000 Property and equipment 1,170,000 Intangible assets 4,227,000 Other assets 103,000 Liability assumed (22,000 ) $ 5,695,000

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Schedule of statements	The assets and liabilities have been reflected as discontinued operations in the Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016, and consist of the following: December 31, 2017 December 31, 2016 OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS: Accounts receivable, net $ — $ 1,020,210 Prepaid expenses and other — 327,851 TOTAL OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS $ — $ 1,348,061 NONCURRENT ASSETS OF DISCONTINUED OPERATIONS: Property and equipment, net $ — $ 287,386 Intangible assets, net — 6,241,386 Other — 121,119 TOTAL NONCURRENT ASSETS OF DISCONTINUED OPERATIONS $ — $ 6,649,891 CURRENT LIABILITIES OF DISCONTINUED OPERATIONS Accounts payable and accrued expenses $ — $ 1,375,754 Other liabilities — 1,044,061 Income taxes payable — 170,262 Current portion capital lease obligations — 7,620 Deferred revenue and other — 253,698 TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS $ — $ 2,851,395 LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS Deferred income taxes $ — $ 2,293,000 Other — 143,080 TOTAL LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS $ — $ 2,436,080 The results of operations for this business for the period ended October 2, 2017 and year ended December 31, 2016 have been reflected as discontinued operations in the Consolidated Statements of Income for the years ended December 31, 2017 and 2016, and consist of the following: Period Ended October 2, 2017 December 31, 2016 REVENUES OF DISCONTINUED OPERATIONS $ 12,382,543 $ 15,193,793 COST OF REVENUES OF DISCONTINUED OPERATIONS 2,116,451 2,508,421 GROSS PROFIT OF DISCONTINUED OPERATIONS 10,266,092 12,685,372 OPERATING EXPENSES OF DISCONTINUED OPERATIONS: Salaries, wages and benefits 3,769,655 4,408,094 Occupancy 141,847 239,699 Advertising, marketing and development 441,542 364,813 Depreciation 74,837 111,149 Amortization 260,208 344,474 Other 2,361,868 2,523,893 7,049,957 7,992,122 OPERATING INCOME OF DISCONTINUED OPERATIONS 3,216,135 4,693,250 OTHER INCOME (EXPENSE) OF DISCONTINUED OPERATIONS Interest expense (195,087 ) (217,516 ) Gain on sale 56,699,018 — 56,503,931 (217,516 ) INCOME BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS 59,720,066 4,475,734 PROVISION FOR INCOME TAXES OF DISCONTINUED OPERATIONS 23,415,000 1,709,000 NET INCOME OF DISCONTINUED OPERATIONS 36,305,066 2,766,734 Less net income of discontinued operations attributable to noncontrolling interests (12,815 ) (20,390 ) NET INCOME OF DISCONTINUED OPERATIONS ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS $ 36,292,251 $ 2,746,344 The cash flow activity from discontinued operations for the period ended October 2, 2017 and year ended December 31, 2016 have been reflected as discontinued operations in the Consolidated Statements of Cash Flows for the years ended December 31, 2017 and 2016, and consist of the following: Period Ended October 2, 2017 December 31, 2016 DISCONTINUED OPERATING ACTIVITIES Net income of discontinued operations $ 1,838,109 $ 2,766,734 Adjustments to reconcile net income of discontinued operations to net cash provided by operating activities of discontinued operations: Depreciation 74,837 111,149 Amortization 260,207 344,474 Share based compensation 6,730 950 Deferred income taxes (138,000 ) 7,000 Contract termination 893,086 — Changes in operating assets and liabilities: Accounts receivable (391,691 ) 129,236 Prepaid expenses and other assets 30,755 186,867 Accounts payable and accrued expenses (458,596 ) (114,629 ) Deferred revenue and other current liabilities (335,525 ) (434,893 ) Other liabilities – long-term 65,844 62,677 Net cash provided by operating activities of discontinued operations 1,845,756 3,059,565 INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS Purchase of property and equipment (30,024 ) (17,594 ) Proceeds from the sale of stock of discontinued operations 48,282,714 — Net cash provided by (used in) investing activities of discontinued operations 48,252,690 (17,594 ) FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS Payments on notes payable – long-term — (1,625,000 ) Principal payments on capital lease obligations (7,620 ) (23,861 ) Payments from (dividends to) shareholders (4,399,422 ) 8,076 Net cash used in financing activities of discontinued operations (4,407,042 ) (1,640,785 )

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the years ended December 31, 2017 and 2016 is as follows: December 31, 2017 (in thousands) Cellular Direct to Consumer Corporate Total Revenue from external customers $ 69,547 $ 40,993 $ 10,981 $ — $ 121,521 Depreciation and amortization $ 1,811 $ 453 $ 64 $ 16 $ 2,344 Interest expense $ 171 $ 132 $ — $ — $ 303 Income tax expense (benefit) $ (410 ) $ 667 $ 987 $ (513 ) $ 731 Net income (loss) $ (57 ) $ 1,837 $ 779 $ (886 ) $ 1,673 Total segment assets $ 28,337 $ 14,357 $ 7,523 $ 54,027 $ 104,244 Expenditures for segmented assets $ 7,915 $ 414 $ 1 $ 8 $ 8,338 December 31, 2016 (in thousands) Cellular Direct to Consumer Corporate Discontinued Total Revenue from external customers $ 39,236 $ 42,914 $ 11,843 $ — $ — $ 93,993 Depreciation and amortization $ 786 $ 428 $ 90 $ — $ — $ 1,304 Interest expense $ 161 $ 149 $ — $ — $ — $ 310 Income tax expense (benefit) $ 483 $ 1,197 $ (2,027 ) $ (498 ) $ — $ (845 ) Net income (loss) $ 717 $ 2,245 $ (3,318 ) $ (932 ) $ — $ (1,288 ) Total segment assets $ 23,683 $ 16,863 $ 8,471 $ 390 $ 11,322 $ 60,729 Expenditures for segmented assets $ 2,292 $ 193 $ 46 $ — $ — $ 2,531

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2017
Subsequent Events Tables
Schedule of dividends payable	Our Board of Directors declared the following dividends payable in 2018: Date Declared Record Date Dividend Per Share Payment Date January 18, 2018 February 9, 2018 $0.05 February 14, 2018

Basis of Presentation, Nature53

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)Numbershares	Dec. 31, 2016USD ($)
Prepaid advertising costs | $	$ 870,000	$ 1,080,000
Building [Member]
Useful lives	P39Y
2015 Stock Incentive Plan [Member]
Number of shares, granted | shares	65,000
Minimum [Member]
Finite-lived intangible asset, useful life	3 years
Minimum [Member] | Computer Equipment and Software [Member]
Useful lives	P3Y
Minimum [Member] | Improvements and Equipment [Member]
Useful lives	P3Y
Maximum [Member]
Finite-lived intangible asset, useful life	15 years
Maximum [Member] | Computer Equipment and Software [Member]
Useful lives	P10Y
Maximum [Member] | Improvements and Equipment [Member]
Useful lives	P15Y
PQH Wireless, Inc. [Member] | Cellular Retail [Member]
Number of stores	278
Percentage of equity method investment	100.00%
PQH Wireless, Inc. [Member] | Cellular Retail [Member] | PQH South LLC. [Member]
Number of stores	59
Percentage of equity method investment	70.00%
PQH Wireless, Inc. [Member] | Cellular Retail [Member] | PQH Other Subsidiary [Member]
Number of stores	219
Percentage of equity method investment	100.00%
JPPA [Member] | Direct to Consumer [Member]
Percentage of equity method investment	100.00%
RAI [Member] | Direct to Consumer [Member]
Percentage of equity method investment	100.00%
JPRE [Member] | Direct to Consumer [Member]
Percentage of equity method investment	100.00%
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member]
Number of stores	40
Percentage of equity method investment	100.00%
Number of states in which entity operates	7
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Minimum [Member] | Payday [Member]
Non-recourse debt | $	$ 100
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Minimum [Member] | Installment [Member]
Non-recourse debt | $	300
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Maximum [Member] | Payday [Member]
Non-recourse debt | $	500
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Maximum [Member] | Installment [Member]
Non-recourse debt | $	$ 800
Express Pawn, Inc. [Member] | Consumer Finance [Member]
Number of stores	3
Percentage of equity method investment	100.00%

Risks Inherent in the Operati54

Risks Inherent in the Operating Environment (Details) - Consumer Finance Segment [Member]	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Nebraska [Member]
Percentage of revenues	37.00%	36.00%
North Dakota [Member]
Percentage of revenues	23.00%	20.00%
Wyoming [Member]
Percentage of revenues	13.00%	13.00%
Iowa [Member]
Percentage of revenues	16.00%	16.00%

Risks Inherent in the Operati55

Risks Inherent in the Operating Environment (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)
Risks and Uncertainties [Abstract]
WCRS Cash,Excess Over FDIC Insured Amount	$ 6,780,000
Description of attrition rate	The CFPB’s studies projected a reduction in the number of lenders by 50%, while industry studies forecast a much higher attrition rate.

Cash Equivalents and Investme56

Cash Equivalents and Investments (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash and cash equivalents
Operating accounts	$ 10,524,923	$ 14,159,975
Certificates of deposit	750,000
Money Market Funds - U.S. Treasury obligations	10,020,896
Subtotal	21,295,819	14,159,975	$ 7,847,669
Held to Maturity Investments
Certificates of deposit ( 4 - 15 month maturities, FDIC insured)	13,250,000
T-Bill Zero CPN 04/05/2018 (amortized cost)	22,042,902
Subtotal	35,292,902
TOTAL	$ 56,588,721	$ 14,159,975

Cash Equivalents and Investme57

Cash Equivalents and Investments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Equivalents And Investments Details Narrative
Interest income recognized on held to maturity investments	$ 75,092	$ 0

Loans Receivable (Details)

Loans Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 5,143,003	$ 5,474,276
Less Allowance	(833,000)	(1,036,000)
Notes, Loans and Financing Receivable, Net, current	4,310,003	4,438,276
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,140,364	4,240,766
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	263,732	297,730
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	215,682	229,280
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	168,254	203,819
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	122,813	175,172
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	135,919	185,514
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	96,239	141,995
Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,439,983	4,793,578
Less Allowance	(745,000)	(953,000)
Notes, Loans and Financing Receivable, Net, current	3,694,983	3,840,578
Payday [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,550,077	3,683,603
Payday [Member] | 1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	216,376	253,297
Payday [Member] | 31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	187,916	201,375
Payday [Member] | 61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	150,278	185,072
Payday [Member] | 91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	110,943	159,435
Payday [Member] | 121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	131,171	176,625
Payday [Member] | 151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	93,222	134,171
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	384,659	396,238
Less Allowance	(88,000)	(83,000)
Notes, Loans and Financing Receivable, Net, current	296,659	313,238
Installment Loans [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	271,926	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	47,356	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	27,766	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	17,976	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	11,870	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	4,748	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	3,017	7,824
Pawn Title [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	318,361	284,460
Less Allowance
Notes, Loans and Financing Receivable, Net, current	318,361	284,460
Pawn Title [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	318,361	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 ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable allowance, beginning of year	$ 1,036,000	$ 1,177,000
Provision for loan losses charged to expense	1,122,144	1,605,867
Charge-offs, net	(1,325,144)	(1,746,867)
Loans receivable allowance, end of year	$ 833,000	$ 1,036,000

Loans Receivable Allowance (D60

Loans Receivable Allowance (Details Narrative)	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	42.00%
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	42.00%
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	66.00%
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	84.00%
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	89.00%
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	92.00%
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of historical written off	93.00%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable	$ 780,071	$ 709,657
Less allowance	(16,000)	(13,000)
Net account receivable	764,071	696,657
Cellular Retail [Member]
Accounts receivable	399,459	333,800
Less allowance
Net account receivable	399,459	333,800
Direct to Consumer [Member]
Accounts receivable	365,476	363,426
Less allowance	(16,000)	(13,000)
Net account receivable	349,476	350,426
Consumer Finance [Member]
Accounts receivable	15,136	12,431
Less allowance
Net account receivable	$ 15,136	$ 12,431

Inventory (Details)

Inventory (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Finished Goods
TOTAL	$ 9,130,842	$ 9,095,460
Wireless Cellular [Member]
Finished Goods
TOTAL	5,287,932	5,059,521
Direct to Consumer [Member]
Finished Goods
TOTAL	2,988,052	3,218,774
Consumer Finance [Member]
Finished Goods
TOTAL	$ 854,858	$ 817,165

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Reduction in inventory	$ 576,000	$ 507,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16,873,533	$ 13,437,427	$ 11,659,213
Property, plant and equipment, acquisitions, gross	1,170,000	506,836
Property, plant and equipment, additions, gross	2,616,616	1,943,214
Property, plant and equipment, deletions, gross	(350,510)	(671,836)
Accumulated depreciation	(5,526,299)	(4,028,193)	(3,478,832)
Accumulated depreciation, acquisition
Accumulated depreciation, additions	(1,809,525)	(1,085,404)
Accumulated depreciation, deletions	311,419	536,043
Property, plant and equipment, net	11,347,234	9,409,234	8,180,381
Property, plant and equipment, acquisitions, net	1,170,000	506,836
Property, plant and equipment, additions, net	807,091	857,810
Property, plant and equipment, deletions, net	(39,091)	(135,793)
Property and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,706,997	5,666,175	3,971,088
Property, plant and equipment, acquisitions, gross	1,170,000	506,836
Property, plant and equipment, additions, gross	2,221,332	1,742,209
Property, plant and equipment, deletions, gross	(350,510)	(553,958)
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,634,489	1,424,768	1,268,156
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross	209,721	156,612
Property, plant and equipment, deletions, gross
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,292,753	5,107,190	5,148,703
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross	185,563	44,393
Property, plant and equipment, deletions, gross		(85,906)
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,200,000	1,200,000	1,209,500
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross
Property, plant and equipment, deletions, gross		(9,500)
Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	39,294	39,294	$ 61,766
Property, plant and equipment, acquisitions, gross
Property, plant and equipment, additions, gross
Property, plant and equipment, deletions, gross		$ (22,472)

Goodwill and Long-Lived Asset65

Goodwill and Long-Lived Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill	$ 13,355,591	$ 13,355,591	$ 13,355,591	$ 13,355,591
Accumulated impairment losses	(7,559,063)	(7,559,063)	(7,559,063)
Goodwill, net of impairment losses	5,796,528	5,796,528	5,796,528	13,355,591
Goodwill acquired (disposed) during year
Impairment losses			(7,559,063)
Wireless Retail Segment [Member]
Goodwill	5,765,284	5,765,284	5,765,284	5,765,284
Accumulated impairment losses
Goodwill, net of impairment losses	5,765,284	5,765,284	5,765,284	5,765,284
Goodwill acquired (disposed) during year
Impairment losses
Direct to Consumer Segment [Member]
Goodwill	31,244	31,244	31,244	31,244
Accumulated impairment losses
Goodwill, net of impairment losses	31,244	31,244	31,244	31,244
Goodwill acquired (disposed) during year
Impairment losses
Consumer Finance Segment [Member]
Goodwill	7,559,063	7,559,063	7,559,063	7,559,063
Accumulated impairment losses	7,559,063	(7,559,063)	7,559,063
Goodwill, net of impairment losses				$ 7,559,063
Goodwill acquired (disposed) during year
Impairment losses	$ (7,559,063)		$ (7,559,063)

Goodwill and Long-Lived Asset66

Goodwill and Long-Lived Assets (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	$ 10,608,426	$ 6,381,318	$ 6,299,913
Acquisitions, Gross	4,227,108	81,405
Acquisitions, accumulated amortization	(218,602)
Acquisitions	4,227,108	81,405
Additions, accumulated amortization	(534,898)	(218,602)
Additions	(534,898)	(218,602)
Deletions, gross
Deletions, accumulated amortization
Less accumulated amortization	(5,620,657)	(5,085,759)	(4,867,157)
Net Amortizable Intangible Assets	4,987,769	1,295,559	1,432,756
Non-amortizable trademarks
Intangible Assets, net	4,987,769	1,295,559	1,432,756
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	10,381,426	6,154,318	6,072,913
Acquisitions, Gross	4,227,108	81,405
Deletions, gross
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross amortizable intangible assets	227,000	227,000	$ 227,000
Acquisitions, Gross
Deletions, gross

Goodwill and Long-Lived Asset67

Goodwill and Long-Lived Assets (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 796,817
2,019	692,311
2,020	596,500
2,021	520,867
2,022	495,543
Thereafter	1,885,731
Finite-Lived Intangible Assets, Net	$ 4,987,769	$ 1,295,559	$ 1,432,756

Goodwill and Long-Lived Asset68

Goodwill and Long-Lived Assets (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Impairment losses			$ (7,559,063)
Consumer Finance Segment [Member]
Impairment losses	$ (7,559,063)		$ (7,559,063)

Note Receivable (Details Narrat

Note Receivable (Details Narrative) - 8% Secured Promissory Note Due Dated November 18, 2017 [Member]	12 Months Ended
	Dec. 31, 2017USD ($)Number
Debt Instrument [Line Items]
Maturity date	Nov. 18, 2017
Advance to selling parties | $	$ 4,000,000
Number of stores | Number	53

Deferred Revenue and Other Li70

Deferred Revenue and Other Liabilities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred Revenue Disclosure [Abstract]
Deferred financing fees	$ 239,699	$ 264,174
Merchandise credits and gift card liability	833,901	907,362
Other		2,124
Total	$ 1,073,600	$ 1,173,660

Leases (Details)

Leases (Details)	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 7,105
2,019	6,133
2,020	3,960
2,021	2,616
2,022	897
Thereafter	14
Total minimum lease payments	$ 20,725

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Rent expense	$ 10,100,000	$ 6,410,000
Lease term	6 years

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total	$ 789,216	$ 10,461,545
Less current maturities		(1,780,000)
Notes payable, noncurrent	789,216	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		3,091,667
Note Payable To Financial Institution Three [Member]
Debt Instrument [Line Items]
Total		3,400,000
Note Payable To Financial Institution Four [Member]
Debt Instrument [Line Items]
Total		2,971,452
Note Payable to Seller [Member]
Debt Instrument [Line Items]
Total	$ 789,216

Notes Payable - Long Term (De74

Notes Payable - Long Term (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
2,018
2,019
2,020
2,021
2,022	789,216
Thereafter
Long-term Debt	$ 789,216	$ 10,461,545

Notes Payable - Long Term (De75

Notes Payable - Long Term (Details Narrative) - USD ($)	Apr. 22, 2016	Dec. 31, 2017
Debt Instrument [Line Items]
Remaining maximum borrowing capacity		$ 12,000,000
Credit Facilities Overview [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 21, 2018
Maximum borrowing capacity		$ 3,000,000
Description of variable rate	one-month LIBOR plus 3.50%
Equity debt	$ 3,000,000
Credit Facilities Overview [Member] | Acquisition Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 9,000,000
Description of maturity date	Mature five years from the date of advance.
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% (4.875% at December 31, 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% (4.875% at December 31, 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% (4.875% at December 31, 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% (4.875% at December 31, 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		Aug. 5, 2022
Stated interest rate		6.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current:
Federal	$ 390,000	$ 1,172,000
State	(54,000)	98,000
Current Income Tax Expense (Benefit)	336,000	1,270,000
Deferred:
Federal	331,000	(1,755,000)
State	64,000	(360,000)
Deferred Income Tax Expense (Benefit)	395,000	(2,115,000)
Income tax expense (benefit)	$ 731,000	$ (845,000)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Allowance for accounts and loans receivable	$ 220,000	$ 397,000
Inventory capitalization	64,000	98,000
Inventory reserve	122,000	38,000
Accrued expenses	115,000	117,000
Prepaid expense	(220,000)	(429,000)
Property and equipment	(730,000)	(820,000)
Goodwill and intangible assets	565,000	1,117,000
Installment sale proceeds receivable	(1,592,000)
Net deferred income tax asset (liability)	$ (1,456,000)	$ 518,000

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax expense (benefit) using the statutory federal rate	$ 817,000	$ (726,000)
State income taxes, net of federal benefit	(36,000)	(184,000)
ND meal and entertainment	11,000	16,000
Noncontrolling interest's pass through income	(91,000)
Tax relief act	25,000
Transaction expenses		18,000
Share based compensation	9,000	18,000
Other	(4,000)	13,000
Income tax expense (benefit)	$ 731,000	$ (845,000)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net of valuation allowance	$ 25,000
New Marginal Federal Rate [Member]
Statutory tax rate	21.00%
Previous Federal Marginal Rate 1 [Member]
Statutory tax rate	34.00%
Previous Federal Marginal Rate 2 [Member]
Statutory tax rate	35.00%

Equity (Details)

Equity (Details) - WCR 2015 Stock Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Outstanding and nonvested at beginning | shares	43,000
Granted | shares	65,000
Vested | shares	43,000
Forfeited | shares
Outstanding and nonvested at ending | shares
Exercisable at ending | shares	65,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding and nonvested at beginning	$ 6
Granted
Vested
Forfeited
Outstanding and nonvested at ending	$ 6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding and nonvested at beginning | $
Granted
Vested | $
Forfeited
Outstanding and nonvested at ending | $

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 06, 2016	Feb. 02, 2009
PQH Wireless, Inc. [Member] | Cellular Retail [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of equity method investment	100.00%
PQH Wireless, Inc. [Member] | Cellular Retail [Member] | PQH South LLC. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of equity method investment	70.00%
2008 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)			100,000
WCR 2015 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)		100,000
Options granted	65,000
Vested option	(43,000)
Vesting period	3 years
Expiration period	10 years
Unrecognized stock-based compensation expense	$ 0

Dividends (Details)

Dividends (Details)	12 Months Ended
	Dec. 31, 2017$ / shares
Dividends [Member]
Date Declared	Feb. 24, 2017
Record Date	Mar. 17, 2017
Dividend Per Share	$ 0.025
Payment Date	Mar. 24, 2017
Dividends One [Member]
Date Declared	May 12, 2017
Record Date	Jul. 14, 2017
Dividend Per Share	$ 0.025
Payment Date	Jul. 24, 2017
Dividends Two [Member]
Date Declared	Aug. 28, 2017
Record Date	Sep. 18, 2017
Dividend Per Share	$ 0.025
Payment Date	Sep. 29, 2017
Dividends Three [Member]
Date Declared	Nov. 13, 2017
Record Date	Dec. 1, 2017
Dividend Per Share	$ 0.025
Payment Date	Dec. 8, 2017

Other Expenses (Details)

Other Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Other Income and Expenses [Abstract]
Bank fees	$ 2,057,187	$ 1,739,766
Collection costs	367,039	397,312
Insurance	884,477	635,861
Management and advisory fees	741,624	763,630
Professional and consulting fees	2,354,455	1,658,242
Supplies	1,339,756	852,258
Other	2,737,092	2,237,250
Total other expenses	$ 10,481,630	$ 8,284,319

Acquisition (Details)

Acquisition (Details) - USD ($)	Dec. 31, 2017	Jul. 02, 2017	Dec. 31, 2016
Property and equipment	$ 1,170,000		$ 506,836
Asset Purchase Agreement [Member] | PQH Wireless, Inc. [Member]
Inventory		$ 217,000
Property and equipment		1,170,000
Intangible assets		4,227,000
Other assets		103,000
Liability assumed		(22,000)
Net assets acquired		$ 5,695,000

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%
Percentage of net assets acquired	100.00%
Net assets acquired	$ 5,695,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS:
TOTAL OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS		$ 1,348,061
NONCURRENT ASSETS OF DISCONTINUED OPERATIONS:
TOTAL NONCURRENT ASSETS OF DISCONTINUED OPERATIONS		6,649,891
CURRENT LIABILITIES OF DISCONTINUED OPERATIONS
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS		2,851,395
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS
TOTAL LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS		2,436,080
Alpha Graphics, Inc. [Member]
OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS:
Accounts receivable, net		1,020,210
Prepaid expenses and other		327,851
TOTAL OTHER CURRENT ASSETS OF DISCONTINUED OPERATIONS		1,348,061
NONCURRENT ASSETS OF DISCONTINUED OPERATIONS:
Property and equipment, net		287,386
Intangible assets, net		6,241,386
Other		121,119
TOTAL NONCURRENT ASSETS OF DISCONTINUED OPERATIONS		6,649,891
CURRENT LIABILITIES OF DISCONTINUED OPERATIONS
Accounts payable and accrued expenses		1,375,754
Other liabilities		1,044,061
Income taxes payable		170,262
Current portion capital lease obligations		7,620
Deferred revenue and other		253,698
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS		2,851,395
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS
Deferred income taxes		2,293,000
Other		143,080
TOTAL LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS		$ 2,436,080

Discontinued Operations (Deta87

Discontinued Operations (Details 1) - USD ($)	Oct. 02, 2017	Dec. 31, 2017	Dec. 31, 2016
OTHER INCOME (EXPENSE) OF DISCONTINUED OPERATIONS
INCOME BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		$ 3,021,048	$ 4,475,734
PROVISION FOR INCOME TAXES OF DISCONTINUED OPERATIONS		23,415,000	1,709,000
NET INCOME OF DISCONTINUED OPERATIONS		36,305,066	2,766,734
Less net income of discontinued operations attributable to noncontrolling interests		$ (12,815)	(20,390)
Alpha Graphics, Inc. [Member]
REVENUES OF DISCONTINUED OPERATIONS	$ 12,382,543		15,193,793
COST OF REVENUES OF DISCONTINUED OPERATIONS	2,116,451		2,508,421
GROSS PROFIT OF DISCONTINUED OPERATIONS	10,266,092		12,685,372
OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
Salaries, wages and benefits	3,769,655		4,408,094
Occupancy	141,847		239,699
Advertising, marketing and development	441,542		364,813
Depreciation	74,837		111,149
Amortization	260,208		344,474
Other	2,361,868		2,523,893
TOTAL OPERATING EXPENSES OF DISCONTINUED OPERATIONS	7,049,957		7,992,122
OPERATING INCOME OF DISCONTINUED OPERATIONS	3,216,135		4,693,250
OTHER INCOME (EXPENSE) OF DISCONTINUED OPERATIONS
Interest expense	(195,087)		(217,516)
Gain on sale	56,699,018
TOTAL OTHER INCOME (EXPENSE) OF DISCONTINUED OPERATIONS	56,503,931		(217,516)
INCOME BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS	59,720,066		4,475,734
PROVISION FOR INCOME TAXES OF DISCONTINUED OPERATIONS	23,415,000		1,709,000
NET INCOME OF DISCONTINUED OPERATIONS	36,305,066		2,766,734
Less net income of discontinued operations attributable to noncontrolling interests	(12,815)		(20,390)
NET INCOME OF DISCONTINUED OPERATIONS ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 36,292,251		$ 2,746,344

Discontinued Operations (Deta88

Discontinued Operations (Details 2) - USD ($)	Oct. 02, 2017	Dec. 31, 2017	Dec. 31, 2016
Adjustments to reconcile net income of discontinued operations to net cash provided by operating activities of discontinued operations:
Depreciation		$ 1,809,525	$ 1,085,404
Amortization		534,898	218,602
Share based compensation		27,924	62,695
Deferred income taxes		570,000	(2,127,000)
Changes in operating assets and liabilities:
Accounts receivable		(67,414)	117,089
Prepaid expenses and other assets		(32,425)	(1,579,071)
Accounts payable and accrued expenses		(1,418,872)	4,973,239
Deferred revenue and other current liabilities		(42,072)	(1,446,548)
Net cash provided by operating activities of discontinued operations		1,845,756	3,059,565
INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Purchase of property and equipment		(2,616,616)	(1,943,214)
Proceeds from the sale of stock of discontinued operations		16,959	109,350
Net cash provided by (used in) investing activities of discontinued operations		48,252,690	(17,594)
FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Payments on notes payable - long-term		(5,128,896)	(726,642)
Payments from (dividends to) shareholders		(939,100)	(712,360)
Net cash used in financing activities of discontinued operations		$ (4,407,042)	(1,640,785)
Alpha Graphics, Inc. [Member]
DISCONTINUED OPERATING ACTIVITIES
Net income of discontinued operations	$ 1,838,109		2,766,734
Adjustments to reconcile net income of discontinued operations to net cash provided by operating activities of discontinued operations:
Depreciation	74,837		111,149
Amortization	260,207		344,474
Share based compensation	6,730		950
Deferred income taxes	(138,000)		7,000
Contract termination	893,086
Changes in operating assets and liabilities:
Accounts receivable	(391,691)		129,236
Prepaid expenses and other assets	30,755		186,867
Accounts payable and accrued expenses	(458,596)		(114,629)
Deferred revenue and other current liabilities	(335,525)		(434,893)
Other liabilities - long-term	65,844		62,677
Net cash provided by operating activities of discontinued operations	1,845,756		3,059,565
INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Purchase of property and equipment	(30,024)		(17,594)
Proceeds from the sale of stock of discontinued operations	48,282,714
Net cash provided by (used in) investing activities of discontinued operations	48,252,690		(17,594)
FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Payments on notes payable - long-term			(1,625,000)
Principal payments on capital lease obligations	(7,620)		(23,861)
Payments from (dividends to) shareholders	(4,399,422)		8,076
Net cash used in financing activities of discontinued operations	$ (4,407,042)		$ (1,640,785)

Discontinued Operations (Deta89

Discontinued Operations (Details Narrative) - Sale Agreement [Member] - Alpha Graphics, Inc. [Member]	Oct. 02, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [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

Segment Information (Details)

Segment Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues from external customers	$ 121,520,544	$ 93,992,744
Depreciation and amortization	2,344,000	1,304,000
Interest expense	302,558	310,459
Income tax expense (benefit)	731,000	(845,000)
Net income (loss)	1,673,007	(1,288,026)
Total segment assets	104,244,156	60,728,652
Expenditures for segmented assets	8,338,000	2,531,000
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	69,547,000	39,236,000
Depreciation and amortization	1,811,000	786,000
Interest expense	171,000	161,000
Income tax expense (benefit)	(410,000)	483,000
Net income (loss)	(57,000)	717,000
Total segment assets	28,337,000	23,683,000
Expenditures for segmented assets	7,915,000	2,292,000
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	40,993,000	42,914,000
Depreciation and amortization	453,000	428,000
Interest expense	132,000	149,000
Income tax expense (benefit)	667,000	1,197,000
Net income (loss)	1,837,000	2,245,000
Total segment assets	14,357,000	16,863,000
Expenditures for segmented assets	414,000	193,000
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	10,981,000	11,843,000
Depreciation and amortization	64,000	90,000
Income tax expense (benefit)	987,000	(2,027,000)
Net income (loss)	779,000	(3,318,000)
Total segment assets	7,523,000	8,471,000
Expenditures for segmented assets	1,000	46,000
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	16,000
Income tax expense (benefit)	(513,000)	(498,000)
Net income (loss)	(886,000)	(932,000)
Total segment assets	54,027,000	390,000
Expenditures for segmented assets	$ 8,000
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Depreciation and amortization
Interest expense
Income tax expense (benefit)
Net income (loss)
Total segment assets		11,322
Expenditures for segmented assets

Segment Information (Details Na

Segment Information (Details Narrative)	12 Months Ended
	Dec. 31, 2017Number
Segment Reporting [Abstract]
Number of operating segment	4

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Aug. 16, 2017	Dec. 31, 2017	Dec. 31, 2016
Amended and Restated Employment Agreement [Member] | Mr. Angel Donchev [Member] | Maximum [Member]
Bonus arrangement current	$ 135,000
Other Employment Agreement [Member]
Bonus arrangement current		$ 348,000	$ 785,000

Management and Advisory Agree93

Management and Advisory Agreement (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Other fee payable description	The second amended and restated agreement requires the Company to pay Blackstreet a fee in an amount equal to $400,000 upon the closing of an acquisition in consideration for Blackstreet’s referral to the Company of such acquisition opportunity, and Blackstreet’s assistance in the performance of due diligence services relating thereto.
Management fee payable description	The annual fees under the second amended and restated agreement will be the greater of (i) $674,840 (subject to annual increases of five percent) or (ii) five percent of Western Capital’s “EBITDA” as defined under the agreement. All other annual fee terms and provisions remain unmodified.
Management and advisory fees	$ 641,624	$ 705,630

Special Committee of the Boar94

Special Committee of the Board of Directors (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Special Committee Of Board Of Directors
Special committee fees expense	$ 38,000	$ 30,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Aug. 31, 2011USD ($)Number	Oct. 31, 2013USD ($)	Dec. 31, 2017USD ($)Number	Dec. 31, 2016USD ($)
New Lease Property [Member] | Ladary Inc [Member]
Number of properties | Number	2
Lease payments	$ 6,300
Lease term	4 years
Number of operating leases | Number	2
Other Related Party [Member]
Number of properties | Number			3
Other Related Party [Member] | Lease Property Extends Through June 2020 [Member]
Lease payments			$ 1,200
Other Related Party [Member] | Lease Property Month-To-Month [Member]
Lease payments			1,680
Other Related Party [Member] | Other Related Party [Member] | Lease Property Month-To-Month [Member]
Lease payments			5,000
Related Party [Member]
Lease payments			$ 170,000	$ 171,000
Number of retail stores | Number			5
Related Party [Member] | Latter Lease [Member]
Lease payments		$ 5,000
Lease term		5 years

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - $ / shares	Feb. 01, 2018	Jan. 18, 2018
Subsequent Event [Line Items]
Date declared		Jan. 18, 2018
Record Date		Feb. 9, 2018
Dividend Per Share		$ 0.05
Payment Date		Feb. 14, 2018
Description of cellular retail store exchange	In February 2018, the Company transferred 28 Cricket Wireless retail locations to another Cricket Wireless dealer in exchange for 15 Cricket Wireless retail locations.