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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Member Loans at fair value:    
Interest revenue$ 6,277,944$ 2,621,387$ 11,269,335$ 4,505,972
Origination fees2,940,1931,521,9535,384,1372,666,910
Member Loans at amortized cost, net155,376223,512343,528450,339
Cash and cash equivalents4,27110,48510,04216,803
Total Interest Income9,377,7844,377,33717,007,0427,640,024
Interest Expense    
Notes interest expense(6,224,160)(2,621,387)(11,215,551)(4,505,972)
Note interest expense reduction for servicing fee281,837111,919507,759217,074
Loans payable(69,429)(254,736)(171,817)(550,251)
Total Interest Expense(6,011,752)(2,764,204)(10,879,609)(4,839,149)
Net interest income3,366,0321,613,1336,127,4332,800,875
Provision for loan losses on Member Loans at amortized cost(80,240)(91,706)(155,144)(273,720)
Fair valuation adjustments, Member Loans at fair value(4,230,842)(2,153,128)(7,053,662)(3,817,433)
Fair valuation adjustments, Notes4,136,3762,151,5666,958,9393,814,374
Net interest income after provision for loan losses and fair valuation adjustments3,191,3261,519,8655,877,5662,524,096
Other revenue212,63764,265311,923165,265
Total net revenue3,403,9631,584,1306,189,4892,689,361
Operating expenses:    
Sales, marketing and customer service(4,289,476)(3,076,359)(8,147,315)(5,374,725)
Engineering(666,736)(500,198)(1,186,875)(998,569)
General and administrative(1,794,108)(946,463)(3,308,334)(1,780,191)
Total operating expenses(6,750,320)(4,523,020)(12,642,524)(8,153,485)
Loss before provision for income taxes(3,346,357)(2,938,890)(6,453,035)(5,464,124)
Provision for income taxes    
Net loss(3,346,357)(2,938,890)(6,453,035)(5,464,124)
Net loss attributable to common stockholders$ (3,346,357)$ (2,938,890)$ (6,453,035)$ (5,464,124)
Basic and diluted net loss per share$ (0.38)$ (0.34)$ (0.74)$ (0.64)
Weighted-average shares of common stock used in computing basic and diluted net loss per share8,727,3898,565,0118,665,1848,561,654