Western Capital Resources, Inc.: 10-Q filed 2019-08-14

Name: Western Capital Resources, Inc.: 10-Q filed 2019-08-14
Creator: Western Capital Resources, Inc.

What Western Capital Resources, Inc. reported in its quarterly report filed 2019-08-14 (fiscal Q2 2019): 39 published measures, 113 facts as tagged in accession 0001753926-19-000175.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-08-14
Fiscal period: fiscal Q2 2019
Accession: 0001753926-19-000175 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Western Capital Resources, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2019-06-30	89,004,781	USD
At 2018-12-31	80,439,843	USD
At 2018-06-30	80,161	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2019-06-30	23,300,081	USD
At 2018-12-31	15,755,962	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2019-06-30	64,049,718	USD
At 2018-12-31	62,806,973	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2019-06-30	16,354,206	USD
At 2018-12-31	16,724,983	USD
At 2018-06-30	10,363,945	USD
At 2017-12-31	21,295,819	USD

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	1,599,099	USD	181
2018-01-01 to 2018-06-30	-19,044,820	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	210,995	USD	181
2018-01-01 to 2018-06-30	549,186	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	30,156,105	USD	91
2019-01-01 to 2019-06-30	60,114,325	USD	181
2018-04-01 to 2018-06-30	29,780,357	USD	91
2018-01-01 to 2018-06-30	60,239,116	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	28,170	USD	91
2019-01-01 to 2019-06-30	56,013	USD	181
2018-04-01 to 2018-06-30	27,708	USD	91
2018-01-01 to 2018-06-30	55,992	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	-1,738,849	USD	181
2018-01-01 to 2018-06-30	-1,353,955	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	-231,027	USD	181
2018-01-01 to 2018-06-30	9,466,901	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2019-06-30	35,017,038	USD
At 2018-12-31	33,774,293	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	332,000	USD	91
2019-01-01 to 2019-06-30	676,000	USD	181
2018-04-01 to 2018-06-30	-61,000	USD	91
2018-01-01 to 2018-06-30	-141,000	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2019-06-30	9,498,042	USD
At 2018-12-31	9,945,826	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	1,545,914	USD	91
2019-01-01 to 2019-06-30	3,034,736	USD	181
2018-04-01 to 2018-06-30	-53,628	USD	91
2018-01-01 to 2018-06-30	-199,467	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2019-06-30	58,360,464	USD
At 2018-12-31	58,972,170	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	29,159	USD	91
2019-01-01 to 2019-06-30	55,414	USD	181
2018-04-01 to 2018-06-30	50,138	USD	91
2018-01-01 to 2018-06-30	137,736	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2019-06-30	15,385,484	USD
At 2018-12-31	14,171,746	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2019-06-30	5,796,528	USD
At 2018-12-31	5,796,528	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2019-06-30	579,188	USD
At 2018-12-31	493,208	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	15,494,558	USD	91
2019-01-01 to 2019-06-30	31,120,542	USD	181
2018-04-01 to 2018-06-30	17,197,172	USD	91
2018-01-01 to 2018-06-30	35,435,535	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2019-06-30	7,070,743	USD
At 2018-12-31	8,467,512	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	17,040,472	USD	91
2019-01-01 to 2019-06-30	34,155,278	USD	181
2018-04-01 to 2018-06-30	17,143,544	USD	91
2018-01-01 to 2018-06-30	35,236,068	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	13,115,633	USD	91
2019-01-01 to 2019-06-30	25,959,047	USD	181
2018-04-01 to 2018-06-30	12,636,813	USD	91
2018-01-01 to 2018-06-30	25,003,048	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2019-06-30	9,388,677	shares
At 2018-12-31	9,388,677	shares

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2019-06-30	65,704,700	USD
At 2019-03-31	65,265,403	USD
At 2018-12-31	64,683,881	USD
At 2018-06-30	67,530,353	USD
At 2018-03-31	68,238,094	USD
At 2017-12-31	68,693,570	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2019-06-30	10,527,705	USD
At 2019-01-02	11,530,000	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2019-06-30	10,714	USD
At 2019-01-02	11,760,000	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2019-06-30	1,116,599	USD
At 2018-12-31	789,216	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2019-06-30	3,710,467	USD
At 2018-12-31	4,167,110	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2019-06-30	564,062	USD
At 2018-12-31	558,209	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2019-06-30	2,799,152	USD
At 2018-12-31	2,954,794	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	1,378,731	USD	91
2019-01-01 to 2019-06-30	2,678,841	USD	181
2019-01-01 to 2019-03-31	1,300,110	USD	90
2018-04-01 to 2018-06-30	101,409	USD	91
2018-01-01 to 2018-06-30	115,483	USD	181
2018-01-01 to 2018-03-31	14,074	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	2,021,278	USD	91
2019-01-01 to 2019-06-30	4,285,870	USD	181
2018-04-01 to 2018-06-30	2,580,645	USD	91
2018-01-01 to 2018-06-30	5,275,885	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	438,198	USD	91
2019-01-01 to 2019-06-30	867,698	USD	181
2018-04-01 to 2018-06-30	463,103	USD	91
2018-01-01 to 2018-06-30	1,022,092	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	178,379	USD	91
2019-01-01 to 2019-06-30	362,915	USD	181
2018-04-01 to 2018-06-30	214,313	USD	91
2018-01-01 to 2018-06-30	429,121	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	164,817	USD	91
2019-01-01 to 2019-06-30	320,105	USD	181
2018-04-01 to 2018-06-30	94,037	USD	91
2018-01-01 to 2018-06-30	173,950	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	44,865	USD	181
2018-01-01 to 2018-06-30	75,052	USD	181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	119,563	USD	181
2018-01-01 to 2018-06-30	19,145,172	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	-1,228,814	USD	181
2018-01-01 to 2018-06-30	-883,187	USD	181

Inspect the source

Entity: Western Capital Resources, Inc. / CIK 0001363958
Captured: 2026-09-22 19:45 UTC
SEC response SHA-256: 28d1b5994b9db40cf0e69baf0ec6f19857a7bd0500b3740a583ea0a8a59eb04b

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
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with urlopen("https://canlicapital.com/company-data/0001363958.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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