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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from Operating Activities:    
Net income (loss) $ 1,737 $ (5,150)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Amortization of net deferred loan fees and costs   (49)
Amortization of debt discounts   20
Provision for loan losses   (40)
Fair value adjustments, net 23 89
Stock based compensation and warrant expense 1,474 479
Depreciation 495 108
Other, net (68) 5
Changes in operating assets and liabilities    
Accrued interest receivable (3,772) (2,296)
Prepaid expenses and other assets (1,216) (204)
Deposits (59) (566)
Accounts payable 1,874 367
Accrued interest payable 4,903 3,404
Accrued expenses and other liabilities 1,141 125
Net cash provided by (used in) operating activities 6,532 (3,708)
Cash flows from Investing Activities:    
Originations of Member Loans at fair value (799,026) (247,022)
Repayment of Member Loans at fair value 201,100 78,943
Repayment of Member Loans at amortized cost   494
Proceeds from sale of Member Loans 118,764  
Proceeds from recoveries and sale of charged-off Member Loans at amortized cost   50
Proceeds from recoveries and sale of charged-off Member Loans at fair value 645 219
Net change in restricted cash (926) (840)
Purchase of property and equipment, net (3,955) (291)
Net cash used in investing activities (483,398) (168,447)
Cash flows from Financing Activities:    
Payable to member investors (1,502) 1,202
Proceeds from issuance of Notes and Certificates at fair value 680,205 248,206
Payments on Notes and Certificates at fair value (199,999) (77,429)
Payments on charged-off Notes and Certificates at fair value (613) (219)
Payments on loans payable   (774)
Proceeds from exercise of warrants to acquire Series A convertible preferred stock and common stock 247  
Proceeds from issuance of common stock 571 338
Net cash provided by financing activities 478,909 194,719
Net increase in cash and cash equivalents 2,043 22,564
Cash and cash equivalents, beginning of period 52,551 24,712
Cash and cash equivalents, end of period 54,594 47,276
Supplemental disclosure of cash flow information:    
Cash paid for interest 68,398 21,497
Series D Convertible Preferred Stock
   
Cash flows from Financing Activities:    
Proceeds from issuance of convertible preferred stock, net of issuance costs   6,042
Series E Convertible Preferred Stock
   
Cash flows from Financing Activities:    
Proceeds from issuance of convertible preferred stock, net of issuance costs   $ 17,353