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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Assets    
Cash $ 651 $ 454
Finance receivables, net of unearned discounts and fees and accrued interest receivable 85,410 124,315
Less: Allowance for credit losses (13,257) (17,396)
Finance receivables, net 72,153 106,919
Repossessed assets 1,457 1,491
Prepaid expenses and other assets 461 316
Income taxes receivable 940 946
Property and equipment, net 187 222
Total assets 75,849 110,348
Liabilities and shareholders’ equity    
Line of credit, net of debt issuance costs 3,733 28,936
Accounts payable, accrued expenses, and other liabilities 1,403 1,603
Total liabilities 5,136 30,539
Commitments and contingencies (see Note 9)
Shareholders’ equity    
Preferred stock, no par: 5,000 shares authorized; none issued 0 0
Common stock, no par: 50,000 shares authorized; 12,658 shares issued, 7,289 shares outstanding 35,266 35,223
Treasury stock: 5,369 common shares, at cost (76,794) (76,794)
Retained earnings 112,241 121,380
Total shareholders’ equity 70,713 79,809
Total liabilities and shareholders’ equity $ 75,849 $ 110,348