| Schedule of Business Segments |
| | |
Year
Ended December 31, 2014 | |
| | |
Hardware | | |
Home
Goods | | |
Ecommerce | | |
Corporate
& Other | | |
Total | |
| Total revenue | |
$ | 6,980,056 | | |
$ | 11,444,747 | | |
$ | 478,550 | | |
$ | | | |
$ | 18,903,353 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net (loss) gain | |
$ | (9,469,209 | ) | |
$ | (25,491,577 | ) | |
$ | (8,527,455 | ) | |
$ | (2,887,690 | ) | |
$ | (46,375,931 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Depreciation and amortization | |
$ | 65,657 | | |
$ | 333,727 | | |
$ | 324,942 | | |
$ | | | |
$ | 724,326 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
$ | | | |
$ | (1,270,044 | ) | |
$ | | | |
$ | (4,034,795 | ) | |
$ | (5,304,839 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total assets held | |
$ | 5,124,929 | | |
$ | 8,423,993 | | |
$ | 183,740 | | |
$ | 49,237,993 | | |
$ | 62,970,655 | |
| | |
Year
Ended December 31, 2013 | |
| | |
Hardware | | |
Home
Goods | | |
Ecommerce | | |
Corporate
& Other | | |
Total | |
| Total revenue | |
$ | 14,731,837 | | |
$ | | | |
$ | | | |
$ | | | |
$ | 14,731,837 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net (loss) gain | |
$ | (3,679,902 | ) | |
$ | | | |
$ | | | |
$ | (316,151 | ) | |
$ | (3,996,053 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Depreciation and amortization | |
$ | 39,490 | | |
$ | | | |
$ | | | |
$ | | | |
$ | 39,490 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
$ | | | |
$ | | | |
$ | | | |
$ | 330,793
| | |
$ | 330,793
| |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total assets held | |
$ | 2,295,191 | | |
$ | | | |
$ | | | |
$ | | | |
$ | 2,295,191 | |
|
| Reconciliation of Assets to Consolidated Assets |
| | |
For
the Year Ended December 31, | |
| | |
2014 | | |
2013 | |
| Assets | |
| | | |
| | |
| Total assets for reportable segments | |
$ | 62,970,655 | | |
$ | 2,295,191 | |
| Elimination of intersegment funding receivables | |
| (50,172,300 | ) | |
| | |
| Elimination of intersegment notes receivable | |
| (851,237 | ) | |
| | |
| Elimination of intersegment interest receivable | |
| (54,587 | ) | |
| | |
| Elimination of intersegment deferred financing fee | |
| (45,442 | ) | |
| | |
| Elimination of intersegment accrued fees | |
| (8,750 | ) | |
| | |
| Total consolidated assets | |
$ | 11,838,339 | | |
$ | 2,295,191 | |
|