Discontinued Operations (Notes)

9 Months Ended

Dec. 31, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 2 – DISCONTINUED OPERATIONS

As previously disclosed, the Company sold all of the issued and outstanding capital stock and equity interest of WAC de Mexico and SWAC to the Purchasers, effective as of July 1, 2018, for a purchase price of approximately $44.36 million. The Company has provided limited ParaData systems and software training to the Purchasers, as requested. The Company has not and will not have any other involvement with the Mexico operations subsequent to the sale's effective date.

There were no assets or liabilities of discontinued operations at December 31, 2019 and March 31, 2019.

The following table reconciles the major classes of line items constituting loss from discontinued operations to the amounts presented in the consolidated statements of operations:

	Three months ended December 31,	Nine months ended December 31,
	2018	2018
Revenues	—	$	9,693,367
Provision for loan losses	—	1,809,059
General and administrative expenses	—	5,542,483
Income from discontinued operations before disposal of discontinued operations and income taxes	—	2,341,825
Loss on disposal of discontinued operations	—	(38,377,623		)
Income taxes	—	626,583
Loss from discontinued operations	—	$	(36,662,381	)

The following table presents operating, investing and financing cash flows for the Company’s discontinued operations:

	Nine months ended December 31,
	2019		2018
Cash provided by operating activities:	$	—	$	3,553,854
Cash provided by investing activities:	—		1,138,084
Cash used in financing activities:	$	—	$	(17,126,000	)