Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Loans Receivable

Loans receivable consisted of the following at December 31, 2018 and 2017:

	December 31, 2018			December 31, 2017
Loans receivable	$	3,968,217		$	6,160,881
Allowance for credit losses	$	(793,643	)	$	(1,232,177	)
Loans receivable, net	$	3,174,574		$	4,928,704

Schedule of Reconciliation of Allowance for Credit Losses

A reconciliation of the allowance for credit losses consist of the following at December 31, 2018 and 2017:

	December 31, 2018			December 31, 2017
Beginning balance, January 1	$	1,232,177		$	1,212,441
Provision for credit losses	$	556,759		$	1,494,843
Loans charged off	$	(995,293	)	$	(1,475,107	)
Ending balance	$	793,643		$	1,232,177
Basis of assessment:
Collectively	$	793,643		$	1,232,177

Summary of Age Analysis of Past Due Receivables

The following is an age analysis of past due receivables as of December 31, 2018 and 2017:

	31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment >90 Days and not Accruing
December 31, 2018	$	91,953	$	80,235	$	184,288	$	356,476	$	3,611,741	$	3,968,217	$	184,288
December 31, 2017	$	157,988	$	84,640	$	327,705	$	570,334	$	5,590,547	$	6,160,881	$	327,705

Schedule of Cumulative Loan Origination Amounts of Current Active Loan Portfolio

The following is a breakdown of our cumulative loan origination amounts in each licensed state for our current active loan portfolio as at December 31, 2018:

State	Origination Volume ($)		Current Principal ($)		Number of Loans
Alabama		95,000		72,981		17
Arizona		311,000		136,755		53
California		1,060,000		839,082		181
Florida		800,000		348,289		147
Georgia		573,006		293,135		106
Illinois		813,000		498,823		151
Kentucky		65,000		54,801		11
Louisiana		35,000		32,609		5
Maryland		15,000		12,831		3
Missouri		266,000		178,834		48
Nevada		662,000		427,708		121
New Jersey		710,000		390,392		128
New Mexico		30,000		22,922		5
Ohio		0		0		0
Oregon		155,000		102,850		29
Pennsylvania		570,000		306,792		101
Texas		420,000		185,857		71
Utah		35,000		24,736		6
Virginia		145,000		38,280		25

Summary of Loans Receivables Balance by Credit Quality Indicator

The following is a summary of the loan receivable balance as of December 31, 2018 and 2017 by credit quality indicator:

Credit Score	December 31, 2018		December 31, 2017
550-575	$	1,808	$	12,911
576-600	$	48,816	$	86,883
601-650	$	1,930,447	$	2,992,076
651-700	$	1,508,443	$	2,326,006
701-750	$	330,448	$	543,433
751-800	$	101,695	$	152,042
801-850	$	35,282	$	34,607
851-900	$	11,167	$	12,923
	$	3,968,216	$	6,160,881