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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net Income $ 2,237,571 $ 1,454,505
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 39,542 0
Depreciation 5,714 0
Non cash compensation expense 13,664 28,767
Impairment loss on property and equipment (Note 6) 13,863 0
Loss on write-down of investment in privately held company (Note 7) 15,000 0
Changes in operating assets and liabilities:    
Interest receivable on loans (168,806) (42,283)
Other current and non current assets (5,871) (8,634)
Accounts payable and accrued expenses (63,979) 106,556
Deferred origination fees 34,906 112,758
Income taxes payable 0 (373,219)
Net cash provided by operating activities 2,121,604 1,278,450
Cash flows from investing activities:    
Issuance of short term loans (21,609,000) (22,585,990)
Collections received from loans 14,737,436 13,248,464
Proceeds from exercise of option (Note 5) 0 146,821
Purchase of fixed assets (9,260) (19,088)
Net cash used in investing activities (6,880,824) (9,209,793)
Cash flows from financing activities:    
Proceeds from loans and line of credit, net 2,747,254 3,500,000
Proceeds from exercise of stock options and warrants 134,660 55,230
Proceeds from public offering, net 4,237,198 4,288,765
Dividends paid (2,129,181) (853,499)
Deferred financing costs incurred (171,551) (32,500)
Net cash provided by financing activities 4,818,380 6,957,996
Net increase (decrease) in cash and cash equivalents 59,160 (973,347)
Cash and cash equivalents, beginning of year 47,676 1,021,023
Cash and cash equivalents, end of year 106,836 47,676
Supplemental Cash Flow Information:    
Taxes paid during the year 56 416,083
Interest paid during the year 596,187 563,368
Supplement Information - Noncash Information:    
Dividend declared and payable $ 617,443 $ 0