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Western Capital Resources, Inc.: 10-Q filed 2020-11-13

What Western Capital Resources, Inc. reported in its quarterly report filed 2020-11-13 (fiscal Q3 2020): 41 published measures, 117 facts as tagged in accession 0001753926-20-000370.

This filing

Form
10-Q (quarterly report)
Filed
2020-11-13
Fiscal period
fiscal Q3 2020
Accession
0001753926-20-000370 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.

PeriodValueUnitDays
At 2020-09-3091,760,618USD
At 2019-12-3191,906,628USD
At 2019-09-3088,333USD

Total liabilities

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

PeriodValueUnitDays
At 2020-09-3022,594,730USD
At 2019-12-3126,593,091USD

Stockholders equity

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

PeriodValueUnitDays
At 2020-09-3067,101,436USD
At 2019-12-3162,738,703USD

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.

PeriodValueUnitDays
At 2020-09-3028,754,705USD
At 2019-12-3127,132,540USD
At 2019-09-3022,004,334USD
At 2018-12-3116,724,983USD

Operating cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-09-309,445,419USD274
2019-01-01 to 2019-09-30731,340USD273

Capital expenditure payments

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

PeriodValueUnitDays
2020-01-01 to 2020-09-30409,194USD274
2019-01-01 to 2019-09-30544,864USD273

Revenue

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

PeriodValueUnitDays
2020-07-01 to 2020-09-3030,288,314USD92
2020-01-01 to 2020-09-30103,457,693USD274
2019-07-01 to 2019-09-3024,517,462USD92
2019-01-01 to 2019-09-3084,631,787USD273

Financing cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-09-30-5,378,030USD274
2019-01-01 to 2019-09-30-2,595,102USD273

Investing cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-09-30-2,445,224USD274
2019-01-01 to 2019-09-307,143,113USD273

Retained earnings or deficit

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

PeriodValueUnitDays
At 2020-09-3038,068,810USD
At 2019-12-3133,706,035USD

Income tax expense or benefit

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

PeriodValueUnitDays
2020-07-01 to 2020-09-30388,420USD92
2020-01-01 to 2020-09-302,398,530USD274
2019-07-01 to 2019-09-307,000USD92
2019-01-01 to 2019-09-30683,000USD273

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.

PeriodValueUnitDays
At 2020-09-308,652,770USD
At 2019-12-319,725,043USD

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-301,924,310USD92
2020-01-01 to 2020-09-3011,189,919USD274
2019-07-01 to 2019-09-30127,683USD92
2019-01-01 to 2019-09-303,162,419USD273

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.

PeriodValueUnitDays
At 2020-09-3060,925,015USD
At 2019-12-3157,277,642USD

Interest expense

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

PeriodValueUnitDays
2020-07-01 to 2020-09-3013,936USD92
2020-01-01 to 2020-09-3045,342USD274
2019-07-01 to 2019-09-3028,918USD92
2019-01-01 to 2019-09-3084,332USD273

Current liabilities

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

PeriodValueUnitDays
At 2020-09-3015,799,280USD
At 2019-12-3117,743,465USD

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.

PeriodValueUnitDays
At 2020-09-305,796,528USD
At 2019-12-315,796,528USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2020-09-30830,367USD
At 2019-12-31517,476USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2020-01-01 to 2020-09-301,619,754USD274
2019-01-01 to 2019-09-30159,221USD273

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-3014,167,172USD92
2020-01-01 to 2020-09-3047,086,324USD274
2019-07-01 to 2019-09-3014,460,314USD92
2019-01-01 to 2019-09-3045,349,890USD273

Net inventory

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

PeriodValueUnitDays
At 2020-09-309,061,668USD
At 2019-12-318,330,691USD

Gross profit

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

PeriodValueUnitDays
2020-07-01 to 2020-09-3016,091,482USD92
2020-01-01 to 2020-09-3058,276,243USD274
2019-07-01 to 2019-09-3014,587,997USD92
2019-01-01 to 2019-09-3048,512,309USD273

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-3014,196,832USD92
2020-01-01 to 2020-09-3045,181,450USD274
2019-07-01 to 2019-09-309,929,465USD92
2019-01-01 to 2019-09-3036,119,478USD273

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.

PeriodValueUnitDays
At 2020-09-308,853,816shares
At 2019-12-319,265,778shares

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.

PeriodValueUnitDays
At 2020-09-3069,165,888USD
At 2020-06-3070,382,138USD
At 2020-03-3167,172,151USD
At 2019-12-3165,313,537USD
At 2019-09-3065,167,149USD
At 2019-06-3065,704,700USD
At 2019-03-3165,265,403USD
At 2018-12-3164,683,881USD

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.

PeriodValueUnitDays
At 2020-09-3010,703,625USD
At 2019-12-3112,344,894USD

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.

PeriodValueUnitDays
At 2020-09-3011,144USD

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.

PeriodValueUnitDays
At 2019-12-311,085,251USD

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.

PeriodValueUnitDays
At 2020-09-303,734,235USD
At 2019-12-314,041,650USD

Other noncurrent assets

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

PeriodValueUnitDays
At 2020-09-30475,365USD
At 2019-12-31525,884USD

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.

PeriodValueUnitDays
At 2020-09-302,329,535USD
At 2019-12-312,679,859USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2020-09-30495,483USD
At 2019-12-31794,830USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2020-09-30352,000USD
At 2019-12-31385,000USD

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-301,576,550USD92
2020-01-01 to 2020-09-309,011,090USD274
2020-04-01 to 2020-06-305,067,637USD91
2020-01-01 to 2020-03-312,366,903USD91
2019-07-01 to 2019-09-30290,582USD92
2019-01-01 to 2019-09-302,969,423USD273
2019-04-01 to 2019-06-301,378,731USD91
2019-01-01 to 2019-03-311,300,110USD90

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-301,934,642USD92
2020-01-01 to 2020-09-307,223,660USD274
2019-07-01 to 2019-09-301,914,734USD92
2019-01-01 to 2019-09-306,200,604USD273

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-30464,888USD92
2020-01-01 to 2020-09-301,454,512USD274
2019-07-01 to 2019-09-30441,337USD92
2019-01-01 to 2019-09-301,309,035USD273

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-30167,763USD92
2020-01-01 to 2020-09-30541,432USD274
2019-07-01 to 2019-09-30155,507USD92
2019-01-01 to 2019-09-30518,422USD273

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.

PeriodValueUnitDays
2020-07-01 to 2020-09-3040,660USD92
2020-01-01 to 2020-09-30219,701USD274
2019-07-01 to 2019-09-30169,899USD92
2019-01-01 to 2019-09-30490,004USD273

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.

PeriodValueUnitDays
2020-01-01 to 2020-09-3050,509USD274
2019-01-01 to 2019-09-3069,246USD273

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.

PeriodValueUnitDays
2020-01-01 to 2020-09-302,952,337USD274
2019-01-01 to 2019-09-30576,638USD273

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.

PeriodValueUnitDays
2020-01-01 to 2020-09-30649,557USD274
2019-01-01 to 2019-09-30411,322USD273

Inspect the source

Entity
Western Capital Resources, Inc. / CIK 0001363958
Captured
SEC response SHA-256
28d1b5994b9db40cf0e69baf0ec6f19857a7bd0500b3740a583ea0a8a59eb04b

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import json
from urllib.request import urlopen

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"]:
    print(concept["tag"], next(iter(concept["observations"])))