Money Tree, Inc.
CIK:0001309126|SEC Filings
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Consolidated Statements Of Operations (USD $)
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3 Months Ended | 9 Months Ended | ||
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Jun. 25, 2011
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Jun. 25, 2010
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Jun. 25, 2011
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Jun. 25, 2010
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| Consolidated Statements Of Operations | ||||
| Interest and fee income | $ 2,382,959 | $ 2,845,052 | $ 7,060,986 | $ 9,236,616 |
| Interest expense | (1,874,464) | (1,687,079) | (5,381,565) | (5,265,680) |
| Net interest and fee income before provision for credit losses | 508,495 | 1,157,973 | 1,679,421 | 3,970,936 |
| Provision for credit losses | (2,367,247) | (703,524) | (5,960,534) | (2,993,497) |
| Net revenue (loss) from interest and fees after provision for credit losses | (1,858,752) | 454,449 | (4,281,113) | 977,439 |
| Insurance commissions | 885,442 | 1,146,861 | 3,205,784 | 3,916,997 |
| Commissions from motor club memberships from company owned by related parties | 340,602 | 279,907 | 969,152 | 1,041,465 |
| Delinquency fees | 324,017 | 288,452 | 1,001,293 | 1,020,557 |
| Other income | 36,863 | 78,665 | 138,572 | 342,600 |
| Net revenue (loss) before retail sales | (271,828) | 2,248,334 | 1,033,688 | 7,299,058 |
| Retail sales | 1,805,277 | 1,810,228 | 6,182,004 | 7,927,868 |
| Cost of sales | (1,145,141) | (1,114,053) | (3,985,000) | (4,895,239) |
| Gross margin on retail sales | 660,136 | 696,175 | 2,197,004 | 3,032,629 |
| Net revenues | 388,308 | 2,944,509 | 3,230,692 | 10,331,687 |
| Operating expenses | ||||
| Personnel expense | (2,741,662) | (2,872,421) | (8,386,504) | (10,017,032) |
| Facilities expense | (862,746) | (903,500) | (2,721,757) | (2,896,650) |
| General and adminstrative expenses | (464,491) | (543,047) | (1,529,321) | (1,806,969) |
| Other operating expenses | (700,275) | (969,300) | (2,372,563) | (2,930,410) |
| Total operating expenses | (4,769,174) | (5,288,268) | (15,010,145) | (17,651,061) |
| Net operating loss | (4,380,866) | (2,343,759) | (11,779,453) | (7,319,374) |
| Gain (loss) on sale/disposal of property and equipment | (32,277) | 4,909 | (107,376) | 19,051 |
| Loss before income tax expense | (4,413,143) | (2,338,850) | (11,886,829) | (7,300,323) |
| Income tax expense | ||||
| Net loss | $ (4,413,143) | $ (2,338,850) | $ (11,886,829) | $ (7,300,323) |
| Net loss per common share, basic and diluted | $ (149.37) | $ (79.16) | $ (402.32) | $ (247.08) |
| Weighted average shares outstanding | 29,546 | 29,546 | 29,546 | 29,546 |