Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash $ 2,826,408 $ 3,520,753
Finance receivables:    
Original product - net (Note 3) 309,243 425,012
Special product - New Neighbor Guaranty program, net of allowance for credit losses of (Note 4) 148,997 237,043
Prepaid expenses and other assets 244,466 155,420
Due from related party (Note 5) 26,681 25,507
Fixed assets, net (Note 1) 42,464 33,818
Real estate assets owned (Note 1) 25,173 122,604
Operating lease - right of use assets (Note 8) 284,936  
Other investments (Note 1)   1,507,375
Goodwill (Note 2) 5,689,586  
Other Assets 10,220 32,036
Total assets 9,608,174 6,059,568
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable 746,787 42,875
Related party convertible note payable 3,461,782  
Operating lease liability (Note 8) 287,182  
Accounts payable and accrued expenses 361,760 188,354
Tax liability 14,226  
Other liabilities and obligations 82,270 19,690
Total liabilities 4,954,007 250,919
Stockholders’ equity:    
Common stock, par value $.001; 30,000,000 shares authorized; 3,134,261 and 3,124,961 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 3,134 3,125
Additional paid-in capital 17,328,085 17,295,408
Accumulated deficit (12,677,052) (11,489,884)
Total stockholders’ equity 4,654,167 5,808,649
Total liabilities and stockholders’ equity $ 9,608,174 $ 6,059,568