v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Interest on delinquent association fees $ 414,275 $ 550,862
Administrative and late fees 39,493 68,328
Recoveries in excess of cost - special product 21,770 67,537
Underwriting and other revenues 40,724 54,561
Net commission revenue 98,768  
Rental revenue 147,669 222,445
Total revenues 762,699 963,733
Operating Expenses:    
Professional fees 602,712 335,107
Settlement costs with associations 1,892 15,712
Selling, general and administrative 111,271 72,548
Provision for credit losses   581
Real estate management and disposal 197,128 119,362
Depreciation and amortization 19,120 22,155
Collection costs (23,087) 602
Other operating expenses 14,496 4,301
Total operating expenses 1,211,930 972,651
Operating loss (449,231) (8,918)
Interest expense 7,787  
Loss before income taxes (457,018) (8,918)
Net loss $ (457,018) $ (8,918)
Loss per share:    
Basic $ (0.15) $ (0.01)
Diluted $ (0.15) $ (0.01)
Weighted average number of common shares outstanding:    
Basic 3,131,939 625,319
Diluted 3,131,939 625,319
Service [Member]    
Operating Expenses:    
Staff costs and payroll $ 288,398 $ 402,283

Source