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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flow from operating activities:    
Net income (loss) $ 9,538,748 $ (8,566,472)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of intangible assets 1,069,316 1,132,104
Accrued unearned interest (879,946) (6,442,480)
Amortization of deferred loan cost 3,198,092 4,404,042
Gain on extinguishment of senior unsecured notes payable (435,885) 0
Amortization of debt issuance costs 484,571 382,230
Provision for credit losses 46,602,012 85,822,267
Depreciation 1,574,515 1,510,599
Amortization of finance leases 0 102,278
Gain on asset acquisitions, net of income tax 0 (3,144,722)
Gain on sale of property and equipment (11,753) (129,476)
Deferred income tax benefit (1,549,589) (6,695,391)
Compensation related to stock option and restricted stock plans, net of taxes and adjustments 1,412,698 3,816,058
Change in accounts:    
Other assets, net 2,114,620 (8,573,847)
Income taxes payable/ receivable 1,279,411 (323,270)
Accounts payable and accrued expenses (4,670,611) (5,116,425)
Net cash provided by operating activities 59,726,199 58,177,495
Cash flows from investing activities:    
Increase in loans receivable, net (49,788,091) (113,577,559)
Cash paid for acquisitions, primarily loans 0 (19,700,844)
Purchases of property and equipment (1,658,199) (1,353,135)
Proceeds from the sale of property and equipment 165,453 283,927
Net cash used in investing activities (51,280,837) (134,347,611)
Cash flow from financing activities:    
Borrowings from senior notes payable 65,529,224 127,920,704
Payments on senior notes payable (73,664,017) (43,500,000)
Payments for extinguished senior unsecured notes payable (1,535,000) 0
Payments for debt extinguishment costs (5,000) 0
Debt issuance costs associated with senior notes payable 0 (239,636)
Proceeds from exercise of stock options 709,294 403,547
Repayment of finance lease 0 (34,143)
Repurchase of common stock 0 (14,314,088)
Net cash provided by (used in) financing activities (8,965,499) 70,236,384
Net change in cash and cash equivalents (520,137) (5,933,732)
Cash and cash equivalents at beginning of period 16,508,935 19,236,322
Cash and cash equivalents at end of period 15,988,798 13,302,590
Supplemental Disclosures:    
Interest paid during the period 17,301,329 17,698,537
Income taxes paid during the period $ 2,466,889 $ 4,007,869