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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Unrestricted cash and cash equivalents $ 166,966 $ 178,102
Restricted cash and cash equivalents 47,808 80,859
Loans, interest and fees receivable:    
Loans, interest and fees receivable, at fair value 846,160 417,098
Loans, interest and fees receivable, gross 511,140 667,556
Allowances for uncollectible loans, interest and fees receivable (including $76.8 million and $120.9 million associated with variable interest entities at September 30, 2021 and December 31, 2020, respectively) (80,029) (124,961)
Deferred revenue (including $7.4 million and $10.3 million associated with variable interest entities at September 30, 2021 and December 31, 2020, respectively) (29,824) (39,456)
Net loans, interest and fees receivable 1,247,447 920,237
Property at cost, net of depreciation 984 2,240
Investments in equity-method investee 0 1,415
Operating lease right-of-use assets 5,447 9,181
Prepaid expenses and other assets 14,292 15,180
Total assets 1,482,944 1,207,214
Liabilities    
Accounts payable and accrued expenses 38,627 41,731
Operating lease liabilities 7,231 13,776
Notes Payable, net held by VIEs 995,322 882,610
Notes payable associated with structured financings, at fair value (associated with variable interest entities) 2,221 2,919
Convertible senior notes 0 24,386
Income tax liability 38,016 25,932
Total liabilities 1,081,417 991,354
Commitments and contingencies (Note 11)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 16,553,615 and 16,115,353 shares issued at September 30, 2021 and December 31, 2020, respectively; 15,094,382 and 16,115,353 (including 1,459,233 loaned shares to be returned) shares outstanding at September 30, 2021 and December 31, 2020, respectively 0 0
Paid-in capital 252,438 194,950
Retained earnings (deficit ) 10,259 (117,666)
Treasury stock, 1,459,233 and 0 shares at September 30, 2021 and December 31, 2020, respectively, at cost 0 0
Total shareholders’ equity 262,697 77,284
Noncontrolling interests (745) (774)
Total equity 261,952 76,510
Total liabilities, preferred stock and shareholders' equity 1,482,944 1,207,214
Series A Preferred Stock [Member]    
Liabilities    
Preferred stock [1] 40,000 40,000
Preferred stock [1] 40,000 40,000
Series B Preferred Stock [Member]    
Liabilities    
Preferred stock 99,575 99,350
Preferred stock 99,575 99,350
Shareholders' Equity    
Series B preferred stock, no par value, 3,188,533 shares issued and outstanding at September 30, 2021 and 0 shares issued and outstanding at December 31, 2020 (liquidation preference - $79.7 million) (1) [1] $ 0 $ 0
[1] Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.