Western Capital Resources (WCRS) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 15, 2019
Document And Entity Information
Entity Registrant Name	WESTERN CAPITAL RESOURCES, INC.
Entity Central Index Key	0001363958
Document Type	10-Q
Trading Symbol	WCRS
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		9,388,677
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 12,888,441	$ 16,724,983
Short-term investments	27,728,954	22,394,748
Loans receivable (net of allowance for losses of $667,000 and $818,000, respectively)	3,131,590	4,111,842
Accounts receivable (net of allowance for losses of $62,000 and $25,000, respectively)	2,027,508	493,208
Inventories (net of allowance of $704,000 and $670,000, respectively)	9,531,923	8,467,512
Prepaid income taxes	471,074	512,099
Prepaid expenses and other	3,630,762	2,954,794
Escrow and other receivables	3,331,464	3,312,984
TOTAL CURRENT ASSETS	62,741,716	58,972,170
INVESTMENTS		1,000,000
PROPERTY AND EQUIPMENT, net	9,810,083	9,945,826
OPERATING LEASE RIGHT-OF-USE ASSETS	9,958,658
GOODWILL	5,796,528	5,796,528
INTANGIBLE ASSETS, net	3,888,847	4,167,110
OTHER	493,051	558,209
TOTAL ASSETS	92,688,883	80,439,843
CURRENT LIABILITIES
Accounts payable and accrued expenses	12,542,469	11,816,050
Current portion operating lease liabilities	4,675,272
Other current liabilities	1,323,700	1,291,713
Current portion notes payable	62,730
Current portion finance lease obligations	38,933	51,211
Deferred revenue	1,127,474	1,012,772
TOTAL CURRENT LIABILITIES	19,770,578	14,171,746
LONG-TERM LIABILITIES
Notes payable, net of current portion	1,087,358	789,216
Operating lease liabilities, net of current portion	5,479,544
Deferred income taxes	1,086,000	795,000
TOTAL LONG-TERM LIABILITIES	7,652,902	1,584,216
TOTAL LIABILITIES	27,423,480	15,755,962
COMMITMENTS AND CONTINGENCIES (Note 16)
WESTERN SHAREHOLDERS' EQUITY
Common stock, $0.0001 par value, 12,500,000 shares authorized, 9,388,677 shares issued and outstanding.	939	939
Additional paid-in capital	29,031,741	29,031,741
Retained earnings	34,355,272	33,774,293
TOTAL WESTERN SHAREHOLDERS' EQUITY	63,387,952	62,806,973
NONCONTROLLING INTERESTS	1,877,451	1,876,908
TOTAL EQUITY	65,265,403	64,683,881
TOTAL LIABILITIES AND EQUITY	$ 92,688,883	$ 80,439,843

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Loans receivable, allowance for losses	$ 667,000	$ 818,000
Accounts receivable, allowance for losses	62,000	25,000
Inventory, allowance for losses	$ 704,000	$ 670,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	12,500,000	12,500,000
Common stock, issued	9,388,677	9,388,677
Common stock, outstanding	9,388,677	9,388,677

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES
Total Revenues	$ 29,958,220	$ 30,458,759
COST OF REVENUES
Cost of sales	12,625,137	12,166,033
Provisions for loans receivable losses	218,277	200,202
Total Cost of Revenues	12,843,414	12,366,235
GROSS PROFIT	17,114,806	18,092,524
OPERATING EXPENSES
Salaries, wages and benefits	8,207,231	9,317,793
Occupancy	2,764,283	3,422,218
Advertising, marketing and development	1,775,842	2,029,315
Depreciation	429,500	558,989
Amortization	184,536	214,808
Other	2,264,592	2,695,240
Total Operating Expenses	15,625,984	18,238,363
OPERATING INCOME (LOSS)	1,488,822	(145,839)
OTHER INCOME (EXPENSES):
Dividend and interest income	181,543	167,511
Interest expense	(26,255)	(87,598)
Total Other Income (Expenses)	155,288	79,913
INCOME (LOSS) BEFORE INCOME TAXES	1,644,110	(65,926)
PROVISION FOR INCOME TAX EXPENSE (BENEFIT)	344,000	(80,000)
NET INCOME	1,300,110	14,074
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(249,697)	(185,091)
NET INCOME (LOSS) ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS	$ 1,050,413	$ (171,017)
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO WESTERN COMMON SHAREHOLDERS
Basic and diluted (in dollars per share)	$ 0.11	$ (0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (in shares)	9,388,677	9,390,997
Sales and Associated Fees [Member]
REVENUES
Total Revenues	$ 23,820,838	$ 23,817,194
Financing Fees and Interest [Member]
REVENUES
Total Revenues	2,114,871	2,174,546
Other revenues [Member]
REVENUES
Total Revenues	$ 4,022,511	$ 4,467,019

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
BALANCE - beginning at Dec. 31, 2017	$ 939	$ 29,031,741	$ 37,903,204	$ 1,757,686	$ 68,693,570
BALANCE - beginning (in shares) at Dec. 31, 2017	9,390,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)			(171,017)	185,091	14,074
Noncontrolling interest contribution to equity
Dividends			(469,550)		(469,550)
BALANCE - end at Mar. 31, 2018	$ 939	29,031,741	37,262,637	1,942,777	68,238,094
BALANCE - end (in shares) at Mar. 31, 2018	9,390,977
BALANCE - beginning at Dec. 31, 2018	$ 939	29,031,741	37,774,293	1,876,908	64,683,881
BALANCE - beginning (in shares) at Dec. 31, 2018	9,388,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)			1,050,413	249,697	1,300,110
Noncontrolling interest contribution to equity				17,446	17,446
Dividends			(469,434)	(266,600)	(736,034)
BALANCE - end at Mar. 31, 2019	$ 939	$ 29,031,741	$ 34,355,272	$ 1,877,451	$ 65,265,403
BALANCE - end (in shares) at Mar. 31, 2019	9,388,677

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net income	$ 1,300,110	$ 14,074
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	429,500	558,989
Amortization	184,536	214,808
Amortization of operating lease right-of-use assets	1,411,389
Deferred income taxes	291,000	(77,000)
Loss (gain) on disposal of property and equipment	(147,977)	170,448
Income from investments	(73,862)	(99,991)
Changes in operating assets and liabilities:
Loans receivable	980,252	947,505
Accounts receivable	(1,510,812)	(1,427,672)
Inventory	(1,232,366)	(960,909)
Prepaid expenses and other assets	(386,216)	157,752
Operating lease liabilities	(1,594,341)
Accounts payable and accrued expenses	508,655	93,186
Deferred revenue and other current liabilities	146,689	(65,215)
Net cash and cash equivalents provided by (used in) operating activities	306,557	(474,025)
INVESTING ACTIVITIES
Purchases of investments	(17,940,344)	(11,961,900)
Proceeds from held-to-maturity investments	13,680,000	1,000,000
Purchases of property and equipment	(84,839)	(350,021)
Acquisition of stores, net of cash acquired	(164,400)	(76,707)
Proceeds from installment sale receivable		185,963
Proceeds from the disposal of operating assets	1,120,000	10,000
Net cash and cash equivalents used in investing activities	(3,389,583)	(11,192,665)
FINANCING ACTIVITIES
Payments on notes payable - short-term, net		(22,742)
Payments on notes payable - long-term	(5,204)
Payments on capital leases	(12,278)	(11,554)
Payments of dividends to noncontrolling interests	(266,600)
Payments of dividends	(469,434)	(469,550)
Net cash and cash equivalents used in financing activities	(753,516)	(503,846)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(3,836,542)	(12,170,536)
CASH AND CASH EQUIVALENTS
Beginning of period	16,724,983	21,295,819
End of period	12,888,441	9,125,283
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	16,475	2,403
Interest paid	20,353	20,869
Noncash investing and financing activities:
Assets received in acquisition (see Note 13)	1,694,546
Liabilities assumed in acquisition (see Note 13)	1,325,024
Note payable assumed in acquisition (see Note 13)	347,918
Noncontrolling interest contribution to subsidiary (Note 13)	17,446
Right-of-use assets obtained in exchange for operating lease obligations	$ 963,486

Basis of Presentation, Nature o

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies	1. Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies – Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (SEC) and, therefore, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. For further information, refer to the Condensed Consolidated Financial Statements and notes thereto included in our Form 10-K for the year ended December 31, 2018. The condensed consolidated balance sheet at December 31, 2018, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and notes required by GAAP. Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Cellular Retail o PQH Wireless, Inc. (PQH) (100%) – operates 201 cellular retail stores as of March 31, 2019 (116 100% owned plus 85 through majority owned subsidiaries), as an exclusive dealer of the Cricket brand. ● Direct to Consumer o J & P Park Acquisitions, Inc. (JPPA) (100%) – an online and direct marketing distribution retailer of 1) live plants, seeds, holiday gifts and garden accessories selling its products under Park Seed, Jackson & Perkins, and Wayside Gardens brand names and 2) home improvement and restoration products operating under the Van Dyke’s Restorers brand, as well as a seed wholesaler under the Park Wholesale brand. o J & P Real Estate, LLC (JPRE) (100%) – owns real estate utilized as JPPA’s distribution and warehouse facility and the corporate offices of JPPA. ● Consumer Finance o Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates 38 “payday” stores in six states (Iowa, Kansas, Nebraska, North Dakota, Wisconsin and Wyoming) as of March 31, 2019 providing sub-prime short-term uncollateralized non-recourse “cash advance” or “payday” loans typically ranging from $100 to $500 with a maturity of generally two to four weeks, sub-prime short-term uncollateralized non-recourse installment loans typically ranging from $300 to $800 with a maturity of six months, check cashing and other money services to individuals. o Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of March 31, 2019) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. References in these financial statement notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such as” “PQH,” “JPPA,” “JPRE,” “WFL” or “EPI” are references only to those companies. Basis of Consolidation The consolidated financial statements include the accounts of WCR, its wholly owned subsidiaries and other entities in which the Company owns a controlling financial interest. For financial interests in which the Company owns a controlling financial interest, the Company applies the provisions of 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. Recent Accounting Pronouncements 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. Under the new guidance, lessees will be required to recognize the following for all leases: (1) a lease liability, which is the present value of a lessee’s obligation to make lease payments, and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. All entities will classify leases to determine how to recognize lease-related revenue and expense. Quantitative and qualitative disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The intention is to require enough information to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company adopted ASU 2016-02 and ASC 842 using the modified retrospective method on January 1, 2019. See Note 8 for further disclosures. 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, 2019 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company does not believe adoption of ASU 2016-13 will have a material impact on our financial condition, results of operations and consolidated financial statements. In July 2018, the FASB issued ASU 2018-11, Leases - Targeted Improvements (Topic 842) to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect to not separate non-lease components from leases when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2019 for the Company). The Company adopted certain options available under ASU 2018-11on January 1, 2019. See Note 8 for further disclosures. 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	3 Months Ended
	Mar. 31, 2019
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) adopted a new rule for payday lending. The rule, originally 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 if the rule is implemented as originally adopted. However, in January 2018, the CFPB issued a statement that it intends to “reconsider” the regulation. The most current information from the CFPB website states the proposals it is considering includes rescinding the mandatory underwriting provisions contained in the rule and to delay the August 19, 2019 compliance date for the other provisions to November 19, 2020. 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, or a 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 March 31, 2019, the Company had demand deposits in excess of insurance amounts of approximately $4.38 million.

Cash Equivalents and Marketable

Cash Equivalents and Marketable Investments	3 Months Ended
	Mar. 31, 2019
Cash Equivalents And Marketable Investments
Cash Equivalents and Marketable Investments	3. Cash Equivalents and Marketable 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: March 31, 2019 December 31, 2018 Cash and cash equivalents Operating accounts $ 11,232,318 $ 10,901,929 U.S. treasuries 1,654,512 3,014,478 Money markets 1,611 2,808,576 Subtotal 12,888,441 16,724,983 Held-to-maturity investments Certificates of deposit 10,475,513 12,711,069 U.S. treasuries 17,253,441 10,683,679 Subtotal 27,728,954 23,394,748 TOTAL $ 40,617,395 $ 40,119,731 As of March 31, 2019 and December 31, 2018, held to maturity investments consisted of the following: March 31, 2019 Cost Accrued Amortized Amortized Unrealized Estimated Certificates of Deposit $ 10,420,000 $ 55,513 $ — $ 10,475,513 $ (59,272 ) $ 10,416,241 U.S. Treasuries 11,190,345 — 63,096 17,253,441 43 17,253,484 $ 21,610,345 $ 55,513 $ 63,096 $ 27,728,954 $ (59,229 ) $ 27,669,725 December 31, 2018 Cost Accrued Amortized Amortized Unrealized Estimated Certificates of Deposit $ 12,670,000 $ 41,069 $ — $ 12,711,069 $ (68,087 ) $ 12,642,982 U.S. Treasuries 10,564,160 25,707 93,812 10,683,679 (30,229 ) 10,653,450 $ 23,234,160 $ 66,776 $ 93,812 $ 23,394,748 $ (98,316 ) $ 23,296,432 Interest income recognized on held-to-maturity investments and other sources was $142,146 and $39,397, respectively, for the three month period ended March 31, 2019 and $133,669 and $33,842, respectively, for the three month period ended March 31, 2018.

Loans Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans Receivable	4. Loans Receivable – The Consumer Finance segment’s outstanding loans receivable aging was as follows: March 31, 2019 Payday Installment Pawn Total Current $ 2,601,759 $ 101,484 $ 279,693 $ 2,982,936 1-30 146,398 26,520 — 172,918 31-60 113,033 15,465 — 128,498 61-90 150,994 7,881 — 158,875 91-120 107,358 4,481 — 111,839 121-150 122,562 2,767 — 125,329 151-180 115,880 2,315 — 118,195 3,357,984 160,913 279,693 3,798,590 Less Allowance (641,000 ) (26,000 ) — (667,000 ) $ 2,716,984 $ 134,913 $ 279,693 $ 3,131,590 December 31, 2018 Payday Installment Pawn Total Current $ 3,314,182 $ 254,255 $ 321,447 $ 3,889,884 1-30 224,091 41,596 — 265,687 31-60 199,259 30,285 — 229,544 61-90 153,449 15,189 — 168,638 91-120 131,480 9,001 — 140,481 121-150 125,074 4,311 — 129,385 151-180 101,619 4,604 — 106,223 4,249,154 359,241 321,447 4,929,842 Less Allowance (770,000 ) (48,000 ) — (818,000 ) $ 3,479,154 $ 311,241 $ 321,447 $ 4,111,842

Loans Receivable Allowance

Loans Receivable Allowance	3 Months Ended
	Mar. 31, 2019
Provision for Loan and Lease Losses [Abstract]
Loans Receivable Allowance	5. Loans Receivable Allowance – A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Three Months Ended March 31, 2019 Year Ended December 31, 2018 Loans receivable allowance, beginning of period $ 818,000 $ 833,000 Provision for loan losses charged to expense 218,277 1,241,638 Write-offs, net (369,277 ) (1,256,638 ) Loans receivable allowance, end of period $ 667,000 $ 818,000

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Accounts Receivable	6. Accounts Receivable – A breakdown of accounts receivables by segment is as follows: March 31, 2019 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 348,360 $ 1,730,349 $ 10,799 $ 2,089,508 Less allowance — (62,000 ) — (62,000 ) Net accounts receivable $ 348,360 $ 1,668,349 $ 10,799 $ 2,027,508 December 31, 2018 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 130,251 $ 372,076 $ 15,881 $ 518,208 Less allowance — (25,000 ) — (25,000 ) Net accounts receivable $ 130,251 $ 347,076 $ 15,881 $ 493,208 A portion of accounts receivable are unsettled credit card sales from the prior one to five business days. This makes up 40% and 57% of the net accounts receivable balance at March 31, 2019 and December 31, 2018, respectively.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventory	7. Inventory – Inventories consist of: March 31, 2019 December 31, 2018 Finished Goods Cellular Retail $ 5,834,021 $ 5,456,898 Direct to Consumer 3,552,752 2,848,484 Consumer Finance 849,150 832,130 Reserve (704,000 ) (670,000 ) TOTAL $ 9,531,923 $ 8,467,512 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 $704,000 and $670,000 at March 31, 2019 and December 31, 2018, 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	8. Leases – The Company adopted ASC 842 - Leases, using the modified retrospective method on January 1, 2019. The Company elected the package of practical expedients relief option offered in ASU 2016-02 and the accounting policy election for lessees not to separate lease and non-lease components (election applies to leased real property asset class). The most significant impact of the adoption of ASC 842 was the recognition of right-of-use (“ROU”) assets and lease liabilities for operating leases of $11.53 million and $11.76 million, respectively, and a reversal of deferred rent of $0.23 million on January 1, 2019. The Company’s accounting for finance leases, which are insignificant, remained unchanged. The adoption of ASC 842 did not have any impact on the Company’s operating results or cash flows. The Company has retail and office space lease agreements which are accounted for as operating leases. The Company’s leases typically are for three to five year terms with many containing options for similar renewal periods. The Company determines if an arrangement is or contains a lease at inception. Operating leases are included in operating lease right-of-use assets and operating lease liabilities (current and noncurrent) in the condensed consolidated balance sheet. Finance leases are included in property and equipment and finance lease obligations in the condensed consolidated balance sheet. ROU assets and lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, Management used the Company’s collateralized incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The lease payment terms may include fixed payment terms and variable payments. Fixed payment terms and variable payments that depend on an index (i.e., Consumer Price Index or “CPI”) or rate are considered in the determination of the operating lease liabilities. While lease liabilities are not remeasured because of changes to the CPI, changes are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. Variable payments that do not depend on an index or rate are not included in the lease liabilities determination. Rather, these payments are recognized as variable lease expense when incurred. Expenses related to leases with a lease term of one month or less are recognized as variable lease expense when incurred. Variable lease payments are included within operating costs and expenses in the condensed consolidated statement of operations. Due to the significant assumptions and judgements required in accounting for leases (to include whether a contract contains a lease, the allocation of the consideration, and the determination of the discount rate), the judgements and estimates made could have a significant effect on the amount of assets and liabilities recognized. Total components of lease expense for the three months ended March 31, 2019 (in thousands) were as follows: Operating lease expense $ 1,401 Variable lease expense 694 Total lease expense $ 2,095 Other information related to leases was as follows: Weighted average remaining lease term, in years Operating leases 2.6 Weighted Average Discount Rate Operating leases 5.9 % Future minimum lease payments under leases as of March 31, 2019 (in thousands) were as follows: Operating Leases Remainder of 2019 $ 4,191 2020 3,652 2021 1,984 2022 882 2023 315 Thereafter 33 Total future minimum lease payments 11,057 Less: imputed interest (902 ) Total $ 10,155 Current portion operating lease liabilities $ 4,675 Non-Current operating lease liabilities 5,480 Total $ 10,155 As previously disclosed in our 2018 Form 10-K under the prior guidance of ASC 840, future minimum payments under operating lease agreements as of December 31, 2018 (in thousands) were as follows: Year Ending December 31, Operating Leases 2019 $ 5,896 2020 3,878 2021 2,259 2022 917 2023 290 Thereafter 33 Total minimum lease payments $ 13,27 3

Notes Payable - Long Term

Notes Payable - Long Term	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Notes Payable - Long Term	9. Notes Payable – Long Term – March 31, 2019 December 31, 2018 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 $ 789,216 Subsidiary note payable to seller, bearing interest at 5%, maturing March 1, 2024 when the principal and accrued interest balance is due. 18,158 — Subsidiary note payable to a financial institution, with monthly principal and interest payments of $6,692, bearing interest at 5.5%, secured by substantially all assets of the subsidiary, and maturing January 4, 2024. 342,714 — Total 1,150,088 789,216 Less current maturities (62,730 ) — $ 1,087,358 $ 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, with a maturity date of April 21, 2020 and an acquisition loan facility in an aggregate amount of up to $9,000,000, with a maturity date of April 21, 2020. 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 March 31, 2019, the entire $12,000,000 of credit was available under the credit facilities. See Note 16 for additional terms and conditions related to the Credit Agreement.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes – The provision for income taxes for continuing operations is 20.9% and 121.3% of income before the provision for income taxes for the three month period ended March 31, 2019 and 2018, respectively. The significant difference in rate is the result of the impact of net income attributable to noncontrolling interests not being subjected to income tax at the corporate level. Rather the “passthrough” taxable income is taxed to the noncontrolling interests at an individual level.

Cash Dividends

Cash Dividends	3 Months Ended
	Mar. 31, 2019
Dividends [Abstract]
Cash Dividends	11. Cash Dividends – Date Declared Record Date Dividend Per Share Payment Date Dividend Paid February 12, 2019 March 1, 2019 $0.05 March 11, 2019 $469,434

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	12. Revenue – Our contracts with customers primarily consist of sales of merchandise and services at the point of sale (“POS”) and short-term lending agreements. Revenue within the Cellular Retail segment also includes ancillary back-end compensation from Cricket Wireless. Total net sales of merchandise, which exclude sales taxes, are generally recorded as follows: ● Cellular Retail – net sales reflects the transaction price at point of sale when payment is received and the customer takes control of the merchandise. The sale and activation of a wireless device also correlates to the recording of back-end compensation from Cricket Wireless. Sales returns are generally not material to our financial statements. ● Direct to Consumer – net sales reflects the transaction price when product is shipped to customers, FOB shipping point, reduced by variable consideration. Shipping and handling fees when charged to customers are also included in total net sales. Variable consideration is comprised of estimated future returns and merchandise credits which are estimated based primarily on historical rates and sales levels. ● Consumer Finance - net sales reflects the transaction price at point of sale when payment in full is received and the customer takes control of the merchandise. Sales returns are generally not material to our financial statements. Services revenue is generally recorded at point of sale when payment is received and the customer receives the benefit of the service. Other compensation from Cricket Wireless is recorded at the time certain Cricket Wireless Customers make a service payment, as reported to us by Cricket Wireless. Consumer Finance loan fees and interest on cash advance loans are recognized on a constant-yield basis ratably over a loan’s term. 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, less an estimated amount for expected forfeited pawn loans which is based primarily on historical forfeiture rates. See Note 15, “Segment Information,” for disaggregation of revenue by segment.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combination, Description [Abstract]
Acquisitions	13. Acquisitions – On February 21, 2019, PQH entered into a joint venture agreement with another Cricket Wireless dealer (“dealer”). Pursuant to the agreement, PQH contributed a note payable in exchange for a 51% ownership interest in a newly formed subsidiary and dealer contributed substantially all its assets, including 28 Cricket Wireless retail locations, and specified liabilities in exchange for a 49% ownership interest in the newly formed subsidiary and receipt of the note payable contributed by PQH. Effective March 1, 2019, we consummated the transaction. 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: March 1, 2019 Cash $ 14 Receivables 272 Inventory 50 Property and equipment 596 Operating lease right-of-use asset 772 Other assets 48 Liabilities (597 ) Term note payable (348 ) Operating lease liabilities (772 ) Net equity $ 35

Other Operating Expense

Other Operating Expense	3 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
Other Operating Expense	14. Other Operating Expense – A breakout of other expense is as follows: For The Three Months Ended March 31, 2019 March 31, 2018 Bank fees $ 504,981 $ 502,564 Collection costs 77,715 84,605 Insurance 188,296 205,295 Management and advisory fees 202,146 193,710 Professional and consulting fees 553,622 543,096 Supplies 138,592 217,436 (Gain)/loss on disposal (1,415 ) 182,710 Other 600,655 765,824 $ 2,264,592 $ 2,695,240

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	15. Segment Information – Segment information related to the three month periods ended March 31, 2019 and 2018 for continuing operations is presented below: Three Months Ended March 31, 2019 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 16,501 $ 10,941 $ 2,516 $ — $ 29,958 Net income (loss) $ 571 $ 650 $ 233 $ (154 ) $ 1,300 Total segment assets $ 34,253 $ 13,968 $ 8,429 $ 36,039 $ 92,689 Expenditures for segmented assets $ 229 $ 34 $ — $ — $ 263 Three Months Ended March 31, 2018 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 17,107 $ 10,681 $ 2,671 $ — $ 30,459 Net income (loss) $ (375 ) $ 329 $ 331 $ (271 ) $ 14 Total segment assets $ 27,567 $ 15,092 $ 7,003 $ 54,043 $ 103,705 Expenditures for segmented assets $ 117 $ 310 $ — $ — $ 427

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies – Employment Agreements Pursuant to the Company’s numerous employment agreements, bonuses for continuing operation of approximately $158,000 and $73,000 were accrued for the three month period ended March 31, 2019 and 2018, 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, as amended, requires WCR to meet a minimum liquidity covenant. 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 March 31, 2018. Assigned Leases The Company’s Cellular Retail segment has transferred operations of 37 locations to other dealers. Minimum lease payments of assigned or assumed non-cancelable operating leases related to transferred locations in which a release has not been obtained from the lessor are approximately $3,200,000 as of March 31, 2019.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events – Dividend Declared Our Board of Directors declared the following dividend: Date Declared Record Date Dividend Per Share Payment Date May 2, 2019 May 23, 2019 $0.05 June 3, 2019 We evaluated all events or transactions that occurred after March 31, 2019 up through the date we issued these financial statements. During this period we did not have any other material subsequent events that impacted our financial statements.

Basis of Presentation, Nature_2

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (SEC) and, therefore, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. For further information, refer to the Condensed Consolidated Financial Statements and notes thereto included in our Form 10-K for the year ended December 31, 2018. The condensed consolidated balance sheet at December 31, 2018, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and notes required by GAAP.
Nature of Business	Nature of Business Western Capital Resources, Inc. (WCR) is a parent company owning operating subsidiaries, with percentage owned shown parenthetically, as summarized below. ● Cellular Retail o PQH Wireless, Inc. (PQH) (100%) – operates 201 cellular retail stores as of March 31, 2019 (116 100% owned plus 85 through majority owned subsidiaries), as an exclusive dealer of the Cricket brand. ● Direct to Consumer o J & P Park Acquisitions, Inc. (JPPA) (100%) – an online and direct marketing distribution retailer of 1) live plants, seeds, holiday gifts and garden accessories selling its products under Park Seed, Jackson & Perkins, and Wayside Gardens brand names and 2) home improvement and restoration products operating under the Van Dyke’s Restorers brand, as well as a seed wholesaler under the Park Wholesale brand. o J & P Real Estate, LLC (JPRE) (100%) – owns real estate utilized as JPPA’s distribution and warehouse facility and the corporate offices of JPPA. ● Consumer Finance o Wyoming Financial Lenders, Inc. (WFL) (100%) – owns and operates 38 “payday” stores in six states (Iowa, Kansas, Nebraska, North Dakota, Wisconsin and Wyoming) as of March 31, 2019 providing sub-prime short-term uncollateralized non-recourse “cash advance” or “payday” loans typically ranging from $100 to $500 with a maturity of generally two to four weeks, sub-prime short-term uncollateralized non-recourse installment loans typically ranging from $300 to $800 with a maturity of six months, check cashing and other money services to individuals. o Express Pawn, Inc. (EPI) (100%) – owns and operates retail pawn stores (three as of March 31, 2019) in Nebraska and Iowa providing collateralized non-recourse pawn loans and retail sales of merchandise obtained from forfeited pawn loans or purchased from customers. References in these financial statement notes to “Company” or “we” refer to Western Capital Resources, Inc. and its subsidiaries. References to specific companies within our enterprise, such as” “PQH,” “JPPA,” “JPRE,” “WFL” or “EPI” are references only to those companies.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements include the accounts of WCR, its wholly owned subsidiaries and other entities in which the Company owns a controlling financial interest. For financial interests in which the Company owns a controlling financial interest, the Company applies the provisions of 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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. Under the new guidance, lessees will be required to recognize the following for all leases: (1) a lease liability, which is the present value of a lessee’s obligation to make lease payments, and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. All entities will classify leases to determine how to recognize lease-related revenue and expense. Quantitative and qualitative disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The intention is to require enough information to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company adopted ASU 2016-02 and ASC 842 using the modified retrospective method on January 1, 2019. See Note 8 for further disclosures. 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, 2019 and interim periods within that annual period, with early adoption permitted and the standard to be applied using a modified retrospective approach. The Company does not believe adoption of ASU 2016-13 will have a material impact on our financial condition, results of operations and consolidated financial statements. In July 2018, the FASB issued ASU 2018-11, Leases - Targeted Improvements (Topic 842) to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect to not separate non-lease components from leases when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2019 for the Company). The Company adopted certain options available under ASU 2018-11on January 1, 2019. See Note 8 for further disclosures. 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.

Cash Equivalents and Marketab_2

Cash Equivalents and Marketable Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Cash Equivalents And Marketable Investments
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: March 31, 2019 December 31, 2018 Cash and cash equivalents Operating accounts $ 11,232,318 $ 10,901,929 U.S. treasuries 1,654,512 3,014,478 Money markets 1,611 2,808,576 Subtotal 12,888,441 16,724,983 Held-to-maturity investments Certificates of deposit 10,475,513 12,711,069 U.S. treasuries 17,253,441 10,683,679 Subtotal 27,728,954 23,394,748 TOTAL $ 40,617,395 $ 40,119,731
Schedule of held to maturity investments	As of March 31, 2019 and December 31, 2018, held to maturity investments consisted of the following: March 31, 2019 Cost Accrued Amortized Amortized Unrealized Estimated Certificates of Deposit $ 10,420,000 $ 55,513 $ — $ 10,475,513 $ (59,272 ) $ 10,416,241 U.S. Treasuries 11,190,345 — 63,096 17,253,441 43 17,253,484 $ 21,610,345 $ 55,513 $ 63,096 $ 27,728,954 $ (59,229 ) $ 27,669,725 December 31, 2018 Cost Accrued Amortized Amortized Unrealized Estimated Certificates of Deposit $ 12,670,000 $ 41,069 $ — $ 12,711,069 $ (68,087 ) $ 12,642,982 U.S. Treasuries 10,564,160 25,707 93,812 10,683,679 (30,229 ) 10,653,450 $ 23,234,160 $ 66,776 $ 93,812 $ 23,394,748 $ (98,316 ) $ 23,296,432

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of outstanding loans receivable aging	The Consumer Finance segment’s outstanding loans receivable aging was as follows: March 31, 2019 Payday Installment Pawn Total Current $ 2,601,759 $ 101,484 $ 279,693 $ 2,982,936 1-30 146,398 26,520 — 172,918 31-60 113,033 15,465 — 128,498 61-90 150,994 7,881 — 158,875 91-120 107,358 4,481 — 111,839 121-150 122,562 2,767 — 125,329 151-180 115,880 2,315 — 118,195 3,357,984 160,913 279,693 3,798,590 Less Allowance (641,000 ) (26,000 ) — (667,000 ) $ 2,716,984 $ 134,913 $ 279,693 $ 3,131,590 December 31, 2018 Payday Installment Pawn Total Current $ 3,314,182 $ 254,255 $ 321,447 $ 3,889,884 1-30 224,091 41,596 — 265,687 31-60 199,259 30,285 — 229,544 61-90 153,449 15,189 — 168,638 91-120 131,480 9,001 — 140,481 121-150 125,074 4,311 — 129,385 151-180 101,619 4,604 — 106,223 4,249,154 359,241 321,447 4,929,842 Less Allowance (770,000 ) (48,000 ) — (818,000 ) $ 3,479,154 $ 311,241 $ 321,447 $ 4,111,842

Loans Receivable Allowance (Tab

Loans Receivable Allowance (Tables)	3 Months Ended
	Mar. 31, 2019
Provision for Loan and Lease Losses [Abstract]
Schedule of loans receivable allowance	A rollforward of the Consumer Finance segment’s loans receivable allowance is as follows: Three Months Ended March 31, 2019 Year Ended December 31, 2018 Loans receivable allowance, beginning of period $ 818,000 $ 833,000 Provision for loan losses charged to expense 218,277 1,241,638 Write-offs, net (369,277 ) (1,256,638 ) Loans receivable allowance, end of period $ 667,000 $ 818,000

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of accounts receivable	A breakdown of accounts receivables by segment is as follows: March 31, 2019 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 348,360 $ 1,730,349 $ 10,799 $ 2,089,508 Less allowance — (62,000 ) — (62,000 ) Net accounts receivable $ 348,360 $ 1,668,349 $ 10,799 $ 2,027,508 December 31, 2018 Cellular Retail Direct to Consumer Consumer Finance Total Accounts receivable $ 130,251 $ 372,076 $ 15,881 $ 518,208 Less allowance — (25,000 ) — (25,000 ) Net accounts receivable $ 130,251 $ 347,076 $ 15,881 $ 493,208

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consist of: March 31, 2019 December 31, 2018 Finished Goods Cellular Retail $ 5,834,021 $ 5,456,898 Direct to Consumer 3,552,752 2,848,484 Consumer Finance 849,150 832,130 Reserve (704,000 ) (670,000 ) TOTAL $ 9,531,923 $ 8,467,512

Notes Payable - Long Term (Tabl

Notes Payable - Long Term (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	9. Notes Payable – Long Term – March 31, 2019 December 31, 2018 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 $ 789,216 Subsidiary note payable to seller, bearing interest at 5%, maturing March 1, 2024 when the principal and accrued interest balance is due. 18,158 — Subsidiary note payable to a financial institution, with monthly principal and interest payments of $6,692, bearing interest at 5.5%, secured by substantially all assets of the subsidiary, and maturing January 4, 2024. 342,714 — Total 1,150,088 789,216 Less current maturities (62,730 ) — $ 1,087,358 $ 789,216

Cash Dividends (Tables)

Cash Dividends (Tables)	3 Months Ended
	Mar. 31, 2019
Dividends [Abstract]
Schedule of dividends payable	Date Declared Record Date Dividend Per Share Payment Date Dividend Paid February 12, 2019 March 1, 2019 $0.05 March 11, 2019 $469,434

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
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: March 1, 2019 Cash $ 14 Receivables 272 Inventory 50 Property and equipment 596 Operating lease right-of-use asset 772 Other assets 48 Liabilities (597 ) Term note payable (348 ) Operating lease liabilities (772 ) Net equity $ 35

Other Operating Expense (Tables

Other Operating Expense (Tables)	3 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
Schedule of other expenses	A breakout of other expense is as follows: For The Three Months Ended March 31, 2019 March 31, 2018 Bank fees $ 504,981 $ 502,564 Collection costs 77,715 84,605 Insurance 188,296 205,295 Management and advisory fees 202,146 193,710 Professional and consulting fees 553,622 543,096 Supplies 138,592 217,436 (Gain)/loss on disposal (1,415 ) 182,710 Other 600,655 765,824 $ 2,264,592 $ 2,695,240

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of components of lease expense	Total components of lease expense for the three months ended March 31, 2019 (in thousands) were as follows: Operating lease expense $ 1,401 Variable lease expense 694 Total lease expense $ 2,095
Schedule of weighted average remaining lease terms and discount rates held	Other information related to leases was as follows: Weighted average remaining lease term, in years Operating leases 2.6 Weighted Average Discount Rate Operating leases 5.9 %
Schedule of future minimum lease payments under leases	Future minimum lease payments under leases as of March 31, 2019 (in thousands) were as follows: Operating Leases Remainder of 2019 $ 4,191 2020 3,652 2021 1,984 2022 882 2023 315 Thereafter 33 Total future minimum lease payments 11,057 Less: imputed interest (902 ) Total $ 10,155 Current portion operating lease liabilities $ 4,675 Non-Current operating lease liabilities 5,480 Total $ 10,155 As previously disclosed in our 2018 Form 10-K under the prior guidance of ASC 840, future minimum payments under operating lease agreements as of December 31, 2018 (in thousands) were as follows: Year Ending December 31, Operating Leases 2019 $ 5,896 2020 3,878 2021 2,259 2022 917 2023 290 Thereafter 33 Total minimum lease payments $ 13,27 3

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of segment information	Segment information related to the three month periods ended March 31, 2019 and 2018 for continuing operations is presented below: Three Months Ended March 31, 2019 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 16,501 $ 10,941 $ 2,516 $ — $ 29,958 Net income (loss) $ 571 $ 650 $ 233 $ (154 ) $ 1,300 Total segment assets $ 34,253 $ 13,968 $ 8,429 $ 36,039 $ 92,689 Expenditures for segmented assets $ 229 $ 34 $ — $ — $ 263 Three Months Ended March 31, 2018 (in thousands) Cellular Retail Direct to Consumer Consumer Finance Corporate Total Revenue from external customers $ 17,107 $ 10,681 $ 2,671 $ — $ 30,459 Net income (loss) $ (375 ) $ 329 $ 331 $ (271 ) $ 14 Total segment assets $ 27,567 $ 15,092 $ 7,003 $ 54,043 $ 103,705 Expenditures for segmented assets $ 117 $ 310 $ — $ — $ 427

Subsequent Events (Tables)

Subsequent Events (Tables)	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Schedule of declared dividends payable	Our Board of Directors declared the following dividend: Date Declared Record Date Dividend Per Share Payment Date May 2, 2019 May 23, 2019 $0.05 June 3, 2019

Basis of Presentation, Nature_3

Basis of Presentation, Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended
	Mar. 31, 2019Number
PQH Wireless, Inc. [Member] | Cellular Retail [Member]
Number of stores	201
Subsidiary ownership percentage	100.00%
PQH Wireless, Inc. [Member] | Cellular Retail [Member] | PQH Subsidiaries [Member]
Number of stores	85
PQH Wireless, Inc. [Member] | Cellular Retail [Member] | PQH [Member]
Number of stores	116
Number of stores ownership percentage	100.00%
JPPA [Member] | Direct to Consumer [Member]
Subsidiary ownership percentage	100.00%
JPRE [Member] | Direct to Consumer [Member]
Subsidiary ownership percentage	100.00%
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member]
Number of stores	38
Subsidiary ownership percentage	100.00%
Number of states in which entity operates	6
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Minimum [Member] | Payday [Member]
Payday loan range	100
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Minimum [Member] | Installment [Member]
Payday loan range	300
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Maximum [Member] | Payday [Member]
Installment loan range	500
Wyoming Financial Lenders, Inc. [Member] | Consumer Finance [Member] | Maximum [Member] | Installment [Member]
Installment loan range	800
Express Pawn, Inc. [Member] | Consumer Finance [Member]
Number of stores	3
Subsidiary ownership percentage	100.00%

Risks Inherent in the Operati_2

Risks Inherent in the Operating Environment (Details Narrative)	3 Months Ended
	Mar. 31, 2019USD ($)
Risks and Uncertainties [Abstract]
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 if the rule is implemented as originally adopted.
WCRS Cash,Excess Over FDIC Insured Amount	$ 4,380,000

Cash Equivalents and Marketab_3

Cash Equivalents and Marketable Investments (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Marketable Securities [Line Items]
Cash and cash equivalents	$ 12,888,441	$ 16,724,983	$ 9,125,283	$ 21,295,819
Held to maturity investments	27,728,954	22,394,748
TOTAL	40,617,395	40,119,731
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Held to maturity investments	10,475,513	12,711,069
Operating Accounts [Member]
Marketable Securities [Line Items]
Cash and cash equivalents	11,232,318	10,901,929
U.S. Treasuries [Member]
Marketable Securities [Line Items]
Cash and cash equivalents	1,654,512	3,014,478
Held to maturity investments	17,253,441	10,683,679
Money market [Member]
Marketable Securities [Line Items]
Cash and cash equivalents	$ 1,611	$ 2,808,576

Cash Equivalents and Marketab_4

Cash Equivalents and Marketable Investments (Details 1) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Cost	$ 21,610,345	$ 23,234,160
Accrued Interest	55,513	66,776
Amortized Discount	63,096	93,812
Amortized Cost	27,728,954	23,394,748
Unrealized Loss	(59,229)	(98,316)
Estimated Fair Value	27,669,725	23,296,432
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Cost	10,420,000	12,670,000
Accrued Interest	55,513	41,069
Amortized Discount
Amortized Cost	10,475,513	12,711,069
Unrealized Loss	(59,272)	(68,087)
Estimated Fair Value	10,416,241	12,642,982
U.S. Treasuries [Member]
Marketable Securities [Line Items]
Cost	11,190,345	10,564,160
Accrued Interest		25,707
Amortized Discount	63,096	93,812
Amortized Cost	17,253,441	10,683,679
Unrealized Gain	43
Unrealized Loss		(30,229)
Estimated Fair Value	$ 17,253,484	$ 10,653,450

Cash Equivalents and Marketab_5

Cash Equivalents and Marketable Investments (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Equivalents And Marketable Investments
Interest income recognized on held-to-maturity investments	$ 142,146	$ 133,669
Income from other sources	$ 39,397	$ 33,842

Loans Receivable (Details)

Loans Receivable (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 3,798,590	$ 4,929,842
Less Allowance	(667,000)	(818,000)
Notes, Loans and Financing Receivable, Net, current	3,131,590	4,111,842
Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	3,357,984	4,249,154
Less Allowance	(641,000)	(770,000)
Notes, Loans and Financing Receivable, Net, current	2,716,984	3,479,154
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	160,913	359,241
Less Allowance	(26,000)	(48,000)
Notes, Loans and Financing Receivable, Net, current	134,913	311,241
Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	279,693	321,447
Less Allowance
Notes, Loans and Financing Receivable, Net, current	279,693	321,447
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,982,936	3,889,884
Current [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,601,759	3,314,182
Current [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	101,484	254,255
Current [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	279,693	321,447
1 To 30 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	172,918	265,687
1 To 30 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	146,398	224,091
1 To 30 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	26,520	41,596
1 To 30 Days [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
31 to 60 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	128,498	229,544
31 to 60 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	113,033	199,259
31 to 60 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	15,465	30,285
31 to 60 Days [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
61 To 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	158,875	168,638
61 To 90 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	150,994	153,449
61 To 90 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	7,881	15,189
61 To 90 Days [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
91 To 120 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	111,839	140,481
91 To 120 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	107,358	131,480
91 To 120 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	4,481	9,001
91 To 120 Days [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
121 To 150 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	125,329	129,385
121 To 150 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	122,562	125,074
121 To 150 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,767	4,311
121 To 150 Days [Member] | Pawn [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current
151 To 180 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	118,195	106,223
151 To 180 Days [Member] | Payday [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	115,880	101,619
151 To 180 Days [Member] | Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	2,315	4,604
151 To 180 Days [Member] | Pawn [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 ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable allowance, beginning of period	$ 818,000	$ 833,000
Provision for loan losses charged to expense	218,277	1,241,638
Write-offs, net	(369,277)	(1,256,638)
Loans receivable allowance, end of period	$ 667,000	$ 818,000

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Accounts receivable	$ 2,089,508	$ 518,208
Less allowance	(62,000)	(25,000)
Net accounts receivable	2,027,508	493,208
Cellular Retail [Member]
Accounts receivable	348,360	130,251
Less allowance
Net accounts receivable	348,360	130,251
Direct to Consumer [Member]
Accounts receivable	1,730,349	372,076
Less allowance	(62,000)	(25,000)
Net accounts receivable	1,668,349	347,076
Consumer Finance [Member]
Accounts receivable	10,799	15,881
Less allowance
Net accounts receivable	$ 10,799	$ 15,881

Inventory (Details)

Inventory (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Finished Goods
TOTAL	$ 9,531,923	$ 8,467,512
Reserve	704,000	670,000
Cellular Retail [Member]
Finished Goods
TOTAL	5,834,021	5,456,898
Direct to Consumer [Member]
Finished Goods
TOTAL	3,552,752	2,848,484
Consumer Finance [Member]
Finished Goods
TOTAL	849,150	832,130
Reserve [Member]
Finished Goods
Reserve	$ 704,000	$ 670,000

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Reduction in inventory	$ 704,000	$ 670,000

Leases (Details)

Leases (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease expense	$ 1,401
Variable lease expense	694
Total lease expense	$ 2,095

Leases (Details 1)

Leases (Details 1)	Mar. 31, 2019
Other Information:
Weighted average remaining lease term for operating leases	2 years 7 months 6 days
Weighted average discount rate	5.90%

Leases (Details 2)

Leases (Details 2) - USD ($)	Mar. 31, 2019	Jan. 03, 2019	Dec. 31, 2018
Operating Lease
Remainder of 2019	$ 4,191		$ 5,896
2020	3,652		3,878
2021	1,984		2,259
2022	882		917
2023	315		290
Thereafter	33		33
Total future minimum lease payments	11,057		$ 13,273
Less: imputed interest	(902)
Total	10,155	$ 11,760,000
Current portion operating lease liabilities	4,675,272
Non-Current operating lease liabilities	5,479,544
Total	$ 10,155	$ 11,760,000

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	Mar. 31, 2019	Jan. 03, 2019
Leases [Abstract]
ROU operating lease assets	$ 9,958,658	$ 11,530,000
ROU operating lease liability	$ 10,155	$ 11,760,000

Notes Payable - Long Term (Deta

Notes Payable - Long Term (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total	$ 1,150,088	$ 789,216
Notes payable, noncurrent	1,087,358	789,216
Note Payable to Seller [Member]
Debt Instrument [Line Items]
Total	789,216	789,216
Note Payable to Seller 2 [Member]
Debt Instrument [Line Items]
Total	18,158
Note Payable to Financial Institution [Member]
Debt Instrument [Line Items]
Total	$ 342,714

Notes Payable - Long Term (De_2

Notes Payable - Long Term (Details Narrative) - USD ($)	Apr. 22, 2016	Mar. 31, 2019
Debt instrument advanced
Remaining maximum borrowing capacity		$ 12,000,000
Note Payable To Seller [Member]
Debt Instrument [Line Items]
Maturity date		Aug. 5, 2022
Termination date
Stated interest rate		6.00%
Note Payable to Seller 2 [Member]
Debt Instrument [Line Items]
Maturity date		Mar. 1, 2024
Termination date
Stated interest rate		5.00%
Note Payable To Financial Institution [Member]
Debt Instrument [Line Items]
Maturity date		Jan. 4, 2024
Termination date
Monthly principal and interest payments		$ 6,692
Stated interest rate		5.50%
Credit Facilities Overview [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 21, 2020
Termination date
Description of variable rate	One-month LIBOR plus 3.50%
Debt instrument advanced
Equity debt	$ 3,000,000
Credit Facilities Overview [Member] | Acquisition Loan Facility [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 21, 2020
Termination date
Maximum borrowing capacity	$ 9,000,000
Description of maturity date	Mature five years from the date of advance.

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes for continuing operations rate	20.90%	121.30%

Cash Dividends (Details)

Cash Dividends (Details) - Dividends [Member]	3 Months Ended
	Mar. 31, 2019USD ($)$ / shares
Date Declared	Feb. 12, 2019
Record Date	Mar. 1, 2019
Dividend Per Share | $ / shares	$ 0.05
Payment Date	Mar. 11, 2019
Dividend Paid | $	$ 469,434

Acquisitions (Details)

Acquisitions (Details) - USD ($)	Mar. 31, 2019	Mar. 01, 2019	Jan. 03, 2019
Operating lease right-of-use asset	$ 9,958,658		$ 11,530,000
Joint Venture Agreement [Member] | PQH Wireless, Inc. [Member]
Cash		$ 14,000
Receivables		272,000
Inventory		50,000
Property and equipment		596,000
Operating lease right-of-use asset		772,000
Other assets		48,000
Liabilities		(597,000)
Term note payable		(348,000)
Operating lease liabilities		(772,000)
Net equity		$ 35,000

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - Joint Venture Agreement [Member] - PQH Wireless, Inc. [Member]	Feb. 21, 2019Number
Number of stores	28
Percentage ownership of net assets acquired	51.00%
Percentage ownership of net liabilities acquired	49.00%

Other Operating Expense (Detail

Other Operating Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other Income and Expenses [Abstract]
Bank fees	$ 504,981	$ 502,564
Collection costs	77,715	84,605
Insurance	188,296	205,295
Management and advisory fees	202,146	193,710
Professional and consulting fees	553,622	543,096
Supplies	138,592	217,436
(Gain)/loss on disposal	(1,415)	182,710
Other	600,655	765,824
Total other operating expenses	$ 2,264,592	$ 2,695,240

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues from external customers	$ 29,958,220	$ 30,458,759
Net income (loss)	1,300,110	14,074
Total segment assets	92,688,883	103,705	$ 80,439,843
Expenditures for segmented assets	263	427
Cellular Retail [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	16,501	17,107
Net income (loss)	571	(375)
Total segment assets	34,253	27,567
Expenditures for segmented assets	229	117
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	10,941	10,681
Net income (loss)	650	329
Total segment assets	13,968	15,092
Expenditures for segmented assets	34	310
Consumer Finance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	2,516	2,671
Net income (loss)	233	331
Total segment assets	8,429	7,003
Expenditures for segmented assets
Corporate [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Net income (loss)	(154)	(271)
Total segment assets	36,039	54,043
Expenditures for segmented assets

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2019USD ($)Number	Mar. 31, 2018USD ($)
Cellular Retail [Member]
Number of stores | Number	37
Non-cancelable operating leases	$ 3,200,000
Other Employment Agreement [Member]
Bonus arrangement current	$ 158,000	$ 73,000

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member]	Apr. 02, 2019$ / shares
Subsequent Event [Line Items]
Date declared	May 2, 2019
Record Date	May 23, 2019
Dividend Per Share	$ 0.05
Payment Date	Jun. 3, 2019