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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of disposal groups, including discontinued operations, income statement, balance sheet and additional disclosures

	December 31, 2014		December 31, 2013
Assets of discontinued operations:
Retained interest in purchased accounts receivable	$	6,500	$	4,966,338
Earned but uncollected fees		-		141,077
Due from client		-		256,313
	$	6,500	$	5,363,728

Liabilities of discontinued operations:
Accounts payable	$	-	$	26,966
Accrued expenses		7,626		51,719
Due to financial institution		-		3,240,942
Deferred revenue		-		12,328
	$	7,626	$	3,331,955

Schedule of disposal groups including discontinued operations income statement

	Twelve months ended
	December 31, 2014			December 31, 2013

Finance revenues	$	735,357		$	2,364,128
Interest expense and other fees -financial institution		(109,878	)		(385,918	)
Benefit (Provision) for credit losses		24,904			(62,603	)
Net finance revenues		650,383			1,915,607
Operating expenses		(446,733	)		(1,953,814	)
Other income		153,453			-
		357,103			(38,207	)
Gain on sale of discontinued assets		788,015			-
Income (loss) from discontinued operations before income taxes	$	1,145,118		$	(38,207	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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