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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flow from operating activities:    
Net income $ 9,947,427 $ 9,538,748
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 1,005,750 1,069,316
Accrued unearned interest (1,225,006) (879,946)
Amortization of deferred loan cost 3,351,475 3,198,092
Gain on extinguishment of senior unsecured notes payable (841,902) (435,885)
Amortization of debt issuance costs 347,904 484,571
Provision for credit losses 45,419,007 46,602,012
Depreciation 1,643,118 1,574,515
Gain on sale of property and equipment (22,972) (11,753)
Deferred income tax expense (benefit) (1,482,294) (1,549,589)
Stock-based compensation (reversal) related to equity classified awards (1,063,845) 1,412,698
Change in accounts:    
Other assets, net (3,675,104) 2,114,620
Income taxes receivable (859,377) 1,279,411
Accounts payable and accrued expenses (4,133,254) (4,670,611)
Net cash provided by operating activities 48,410,927 59,726,199
Cash flows from investing activities:    
Increase in loans receivable, net (34,946,897) (49,788,091)
Purchases of property and equipment (1,083,641) (1,658,199)
Proceeds from the sale of property and equipment 161,582 165,453
Net cash used in investing activities (35,868,956) (51,280,837)
Cash flow from financing activities:    
Borrowings from senior notes payable 94,138,260 65,529,224
Payments on senior notes payable (75,829,647) (73,664,017)
Payments for extinguished senior unsecured notes payable (20,962,500) (1,535,000)
Payments for debt extinguishment costs (12,500) (5,000)
Debt issuance costs associated with senior notes payable (2,364) 0
Proceeds from exercise of stock options 686,382 709,294
Payments for taxes related to net share settlement of equity awards (131,242) 0
Repurchase of common stock (11,148,682) 0
Net cash used in financing activities (13,262,293) (8,965,499)
Net change in cash and cash equivalents (720,322) (520,137)
Cash and cash equivalents at beginning of period 11,839,460 16,508,935
Cash and cash equivalents at end of period 11,119,138 15,988,798
Supplemental Disclosures:    
Interest paid during the period 15,255,371 17,301,329
Income taxes paid during the period 954,509 2,466,889
Non-cash excise tax on stock repurchases $ 106,088 $ 0