XML 7 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Member loans    
Interest income, net $ 193,923 $ 233,145
Interest expense (102,388) (295,516)
Net interest income/(loss), member loans 91,535 (62,371)
Provision for loan losses (74,904) (182,014)
Net interest income/(loss), member loans after provision for loan losses 16,631 (244,385)
CM Loans and Notes    
Interest income, CM Loans 7,435,335 3,029,542
Interest expense, Notes (4,765,469) (1,779,431)
Interest income, CM Loans and Notes 2,669,866 1,250,111
Fair valuation adjustments, CM Loans (2,822,820) (1,664,305)
Fair valuation adjustments, Notes 2,822,563 1,662,808
Fair valuation adjustments, net (257) (1,497)
Net interest income after fair valuation adjustments 2,686,240 1,004,229
Servicing fee revenue/(expense) (587) 5,841
Other revenue 99,873 95,158
Total income from operations 2,785,526 1,105,228
Operating expenses    
Sales, marketing and customer service 3,857,839 2,298,366
Engineering 520,139 498,370
General and administrative 1,514,226 833,727
Total operating expenses 5,892,204 3,630,463
Loss before provision for income taxes (3,106,678) (2,525,235)
Provision for income taxes    
Net loss (3,106,678) (2,525,235)
Net loss attributable to common stockholders $ (3,106,678) $ (2,525,235)
Basic and diluted net loss per share $ (0.36) $ (0.30)
Weighted-average shares of common stock used in computing basic and diluted net loss per share 8,611,959 8,558,261