Basis of Presentation (Tables)

3 Months Ended

Jun. 30, 2013

Schedule of error corrections and prior period adjustments


	June 30, 2012 as Reported		Correction			June 30, 2012 as Corrected
Consolidated Balance Sheet
Finance receivables, net	$	244,597,019	$	(1,040,115	)	$	243,556,904
Deferred income taxes		8,978,840		399,157			9,376,997
Retained earnings, June 30, 2012		111,678,205		(641,958	)		111,036,247


	June 30, 2012 as Reported		Correction		June 30, 2012 as Corrected
Consolidated Statements of Income
Interest and fee income on finance receivables	$	17,270,088	$	3,147,869	$	20,417,957
Provision for credit losses		10,372		3,092,894		3,103,266
Operating income		8,734,242		54,975		8,789,217
Income tax expense		3,360,717		21,044		3,381,759
Net income		5,373,525		33,931		5,407,456
Earnings per share - basic		0.45		—		0.45
Earnings per share - diluted		0.44		—		0.44


	June 30, 2012 as Reported			Correction			June 30, 2012 as Corrected
Consolidated Statements of Cash Flows (Operating Activities)
Net income	$	5,373,525		$	33,931		$	5,407,456
Provision for credit losses		10,372			3,092,894			3,103,266
Deferred income taxes		(274,741	)		21,044			(253,697	)
Amortization of dealer discounts		—			(3,147,869	)		(3,147,869	)
Net cash provided by operating activities		8,939,029			—			8,939,029

Reconciliation Allowance For Credit Loss | Contracts

Schedule of error corrections and prior period adjustments


	June 30, 2012 as Reported			Correction			June 30, 2012 as Corrected
Balance at beginning of year	$	35,495,684		$	(15,996,476	)	$	19,499,208
Discounts acquired on new volume		3,100,938			(3,100,938	)		—
Provision for credit losses		(79,218	)		3,092,894			3,013,676
Losses absorbed		(3,659,844	)		—			(3,659,844	)
Recoveries		788,616			—			788,616
Discounts accreted		(521	)		521			—

Balance at end of year	$	35,645,655		$	(16,003,999	)	$	19,641,656

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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