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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Non-Interest Revenue:        
Origination fees $ 16,397 $ 5,866 $ 29,984 $ 10,445
Gain from sales of Member Loans 2,702   3,862  
Note Servicing Fees 809 423 1,519 862
Other revenue 934 268 1,720 368
Total Non-Interest Revenue 20,842 6,557 37,085 11,675
Interest income:        
Member Loans 41,017 13,545 73,375 26,196
Cash and cash equivalents 4 9 10 18
Total interest income 41,021 13,554 73,385 26,214
Interest expense:        
Notes and Certificates at fair value (41,032) (13,437) (73,357) (25,922)
Loans payable   (11)   (42)
Total interest expense (41,032) (13,448) (73,357) (25,964)
Net Interest (Loss)/Income (11) 106 28 250
Benefit for loan losses on Member Loans at amortized cost   49   41
Fair valuation adjustments, Member Loans at fair value (13,047) (3,509) (22,264) (8,303)
Fair valuation adjustments, Notes and Certificates 13,055 3,460 22,241 8,214
Net Interest (Loss)/Income after provision for loan losses and fair value adjustments (3) 106 5 202
Total Net Revenue 20,839 6,663 37,090 11,877
Operating expenses:        
Sales, marketing and operations (11,824) (5,685) (22,165) (10,617)
Technology (3,043) (992) (5,291) (1,854)
General and administrative (4,190) (2,512) (7,812) (4,556)
Total Operating Expenses (19,057) (9,189) (35,268) (17,027)
Income (loss) before provision for income taxes 1,782 (2,526) 1,822 (5,150)
Provision for income taxes (85)   (85)  
Net income (loss) 1,697 (2,526) 1,737 (5,150)
Net income (loss) attributable to common stockholders $ 1,697 $ (2,526) $ 1,737 $ (5,150)
Basic net income (loss) per share $ 0.14 $ (0.25) $ 0.14 $ (0.54)
Diluted net income (loss) per share $ 0.02 $ (0.25) $ 0.02 $ (0.54)
Weighted-average shares of common stock used in computing basic net income (loss) per share 12,558,812 9,954,190 12,235,764 9,456,627
Weighted-average shares of common stock used in computing diluted net income (loss) per share 78,841,546 9,954,190 78,743,968 9,456,627