Private company
WESTERN CAPITAL RESOURCES, INC.
WESTERN CAPITAL RESOURCES, INC. is an American retail-miscellaneous retail company based in Council Bluffs.2
Last updated Oct 20, 2026.
Overview
- IndustryRetail-Miscellaneous Retail2
- HeadquartersCouncil Bluffs, United States2
- Incorporated inDE3
- Business address11550 I Street, Suite 150, Omaha, Ne 681373
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI5493003JEO5ND6IO0R832
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 60398062
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
52.6%Gross margin4
10.5%Operating margin4
8.3%Net margin4
11.1%Revenue growth, 20214
17.3%Return on equity4
0.03×Debt to equity4
$16.4MFree cash flow4
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Cost of revenue50¢$79.9M
- Other costs40¢$63.3M
- Interest0¢$64.7K
- Income tax2¢$3.5M
- Profit8¢$13.2M
Out of $160.0M in revenue.4
Where each dollar of operating cash went, fiscal 2021
- Capital spending6¢$1.0M
- Dividends paid5¢$922.0K
- Share buybacks5¢$842.4K
- Kept or used elsewhere84¢$14.6M
Out of $17.4M of cash from operations.4
Financial statements
No quarterly figures reported.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $76.5M5 | $94.0M6 | $121.5M7 | $114.3M8 | $108.4M9 | $144.0M4 | $160.0M4 |
| Cost of revenue | $28.3M5 | $39.2M6 | $48.9M7 | $48.9M8 | $51.0M9 | $70.8M4 | $79.9M4 |
| Gross profit | $48.1M5 | $54.8M6 | $72.7M7 | $65.4M8 | $65.9M9 | $79.2M4 | $84.2M4 |
| Operating expenses | $67.5M4 | ||||||
| Operating income | $6.6M5 | -$1.8M6 | $2.5M7 | -$2.6M8 | $3.7M9 | $13.2M4 | $16.7M4 |
| Interest | $575.7K5 | $310.5K6 | $302.6K7 | $189.3K8 | $115.4K9 | $200.4K4 | $64.7K4 |
| Income before tax | $16.7M4 | ||||||
| Income tax | $2.5M5 | -$845.0K6 | $731.0K7 | -$619.0K8 | $908.0K9 | $2.9M4 | $3.5M4 |
| Net income | $3.5M5 | $1.5M6 | $38.0M7 | -$1.5M7 | $3.5M9 | $10.4M4 | $13.2M4 |
| Earnings per share | $0.884 | $1.124 | |||||
| Earnings per share (diluted) | $0.884 | $1.124 | |||||
| Shares (weighted, basic) | 9.2M shares4 | ||||||
| Shares (weighted, diluted) | 9.2M shares4 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $7.8M5 | $14.2M7 | $21.3M8 | $16.7M9 | $27.2M4 | $32.5M4 | $43.0M4 |
| Receivables | $1.3M4 | ||||||
| Inventory | $13.9M4 | ||||||
| Current assets | $24.9M5 | $33.1M6 | $75.0M7 | $59.0M8 | $57.3M9 | $68.2M4 | $77.3M4 |
| Property, plant and equipment | $8.3M4 | ||||||
| Goodwill | $5.8M4 | ||||||
| Intangible assets | $7.2M4 | ||||||
| Total assets | $55.6M5 | $60.7M6 | $104.2M7 | $80.4M8 | $91.9M9 | $103.1M4 | $116.2M4 |
| Short-term debt | $1.4M4 | ||||||
| Current liabilities | $18.7M5 | $18.8M6 | $33.2M7 | $14.2M8 | $17.7M9 | $19.2M4 | $25.0M4 |
| Long-term debt | $3.1M5 | $8.7M6 | $789.2K7 | $789.2K8 | $1.0M9 | $3.1M4 | $2.0M4 |
| Long-term liabilities | $13.1M4 | ||||||
| Total liabilities | $25.8M5 | $30.0M6 | $35.6M7 | $15.8M8 | $26.6M9 | $33.6M4 | $38.0M4 |
| Retained earnings | $46.9M4 | ||||||
| Shareholders’ equity | $29.8M5 | $30.6M6 | $66.9M7 | $62.8M8 | $62.7M9 | $68.0M4 | $76.4M4 |
| Shares outstanding | 9.5M shares5 | 9.5M shares6 | 9.4M shares7 | 9.4M shares8 | 9.3M shares9 | 9.2M shares4 | 9.1M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $9.6M6 | $5.0M7 | -$16.3M8 | $4.8M9 | $15.5M4 | $17.4M4 | |
| Depreciation and amortization | $2.5M4 | ||||||
| Capital spending | $766.6K5 | $1.9M6 | $2.6M7 | $960.9K8 | $712.5K9 | $615.3K4 | $1.0M4 |
| Free cash flow | $7.7M | $2.4M | -$17.2M | $4.1M | $14.9M | $16.4M | |
| Cash from investing | -$2.8M4 | ||||||
| Dividends paid | $712.4K6 | $939.1K7 | $1.9M8 | $1.9M9 | $1.1M4 | $922.0K4 | |
| Share buybacks | $480.9K7 | $9.7K8 | $513.4K9 | $2.3M4 | $842.4K4 | ||
| Cash from financing | -$4.1M4 |
Compare WESTERN CAPITAL RESOURCES, INC. with another company
What it owns
What WESTERN CAPITAL RESOURCES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $18.2M4 Dec 31, 2020 | $18.5M4 Dec 31, 2019 | −1.5% |
| Accumulated depreciation | $7.3M9 Dec 31, 2020 | $6.6M9 Dec 31, 2019 | +10.5% |
| Property and equipment, net | $8.3M4 Dec 31, 2021 | $8.5M4 Dec 31, 2020 | −2.4% |
| Operating-lease assets (leased space) | $16.5M4 Dec 31, 2021 | $15.8M4 Dec 31, 2020 | +4.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $43.0M4 Dec 31, 2021 | $32.5M4 Dec 31, 2020 | +32.3% |
| Marketable securities, current | $14.4M4 Dec 31, 2021 | $17.1M4 Dec 31, 2020 | −15.9% |
| Long-term investments | $250.0K4 Dec 31, 2020 | $1.5M9 Dec 31, 2019 | −83.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $5.8M4 Dec 31, 2021 | $5.8M4 Dec 31, 2020 | 0% |
| Intangible assets, net (excluding goodwill) | $7.2M4 Dec 31, 2021 | $3.6M4 Dec 31, 2020 | +99.6% |
| Finite-lived intangibles, gross | $12.4M4 Dec 31, 2021 | $8.0M4 Dec 31, 2020 | +55.3% |
| Accumulated amortization | -$5.2M4 Dec 31, 2021 | -$4.4M4 Dec 31, 2020 | −19.1% |
| Finite-lived intangibles, net | $7.2K4 Dec 31, 2021 | $3.6M4 Dec 31, 2020 | −99.8% |
Inventory
Leadership
Who has led WESTERN CAPITAL RESOURCES, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJohn Quandahl Jan 5, 2010 to Jun 6, 201611
- Chief executive officerChris Larson Nov 30, 2007 to May 5, 200812
- PresidentChris Larson Nov 30, 2007 to May 5, 200812
- Chief financial officerAngel Donchev Aug 16, 2017 to Sep 15, 202113
- Chief financial officerSteve Irlbeck Jun 13, 2012 to Jun 13, 201214
- Chief financial officerJohn Quandahl Jan 5, 2010 to Jan 5, 201011
- Chief financial officerSteven Staehr Dec 11, 2007 to Jan 3, 200815
- Chief operating officerJohn Quandahl Dec 7, 2007 to Jun 6, 201616
Board members and other officers (14)
- TreasurerRich Horner Jun 19, 2012 to Jun 19, 201217
- Board memberKevin Morgan Paul Kuby Jul 13, 2015 to Jul 13, 201518
- Board memberGay A. Burke Oct 14, 2014 to May 5, 201519
- Board memberLawrence S. Berger Oct 14, 2014 to Jun 8, 201620
- Board memberThomas H. Ripley Mar 8, 2012 to Mar 8, 201221
- Board memberEllery Roberts Sep 21, 2012 to Sep 21, 201222
- Board memberJohn Quandahl Jan 5, 2010 to Jun 6, 201611
- Board memberAldus H. Chapin Ii. Apr 12, 2010 to Apr 12, 201023
- Board memberAngel Donchev Apr 12, 2010 to Apr 12, 201024
- Board memberRichard Edward Miller May 28, 2010 to Jan 21, 202125
- Board memberRobert W. Moberly Jan 3, 2008 to Apr 5, 201026
- Board memberMark Houlton Jan 4, 2008 to Oct 8, 200927
- Board memberJames Mandel Jan 10, 2008 to Jan 10, 200828
- Board memberJohn Klaasen Jan 11, 2008 to Jan 11, 200829
Former names
- URON INCMay 25, 2006 to Feb 17, 20093
Timeline
- Jul 18, 20228-K Other events30
- May 17, 20228-K Other events31
- May 13, 20228-K Other events32
- Feb 22, 20228-K Other events33
- Jan 24, 20228-K Regulation FD disclosure34
- Nov 9, 20218-K Other events35
- May 11, 2016Founded WESTERN CAPITAL RESOURCES, INC. is founded2
- Jan 5, 2010New chief executive John Quandahl becomes CEO11
- Nov 30, 2007New chief executive Chris Larson becomes CEO12
Filings
10 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 6 major events, 1 other. The latest 10:
- Jul 18, 202215-12G EDGAR
- Jul 18, 20228-K EDGAR
- May 17, 20228-K EDGAR
- May 13, 20228-K EDGAR
- May 13, 202210-Q EDGAR
- Mar 29, 202210-K EDGAR
- Feb 22, 20228-K EDGAR
- Jan 24, 20228-K EDGAR
- Nov 12, 202110-Q EDGAR
- Nov 9, 20218-K EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How WESTERN CAPITAL RESOURCES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWESTERN CAPITAL RESOURCES, INC.1
- CIK0001363958
- Employer ID (EIN)47-08481021
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)5900 Retail-Miscellaneous Retail1
- Business address11550 I Street, Suite 150, Omaha, NE 681371
- Phone712-322-40201
- Shares outstanding9,108,053 as of May 13, 202210
- Public float$15.0M as of Jun 30, 20214
- On EDGAR sinceMay 25, 20061
- Filings336 in all: 8-K (86), 4 (48), 10-Q (43), 3 (26), SC 13D/A (16), 10-K (15), UPLOAD (14), SC 13G (8)1
All 38 form types
CORRESP (7), S-1/A (7), SC 13G/A (6), 10QSB (5), 8-K/A (5), DEF 14A (5), NT 10-Q (5), SC 13D (5), 10-Q/A (4), PRE 14A (4), 10-K/A (2), 10QSB/A (2), 10SB12G/A (2), 4/A (2), NT 10-K (2), PRER14A (2), S-1 (2), 10KSB (1), 10SB12G (1), 15-12G (1), 3/A (1), 424B3 (1), ARS (1), DEF 14C (1), EFFECT (1), NTN 10Q (1), PRE 14C (1), RW (1), SC 14F1 (1), SC 14F1/A (1)
- Latest filingsAnnual report (10-K) Mar 29, 2022
Quarterly report (10-Q) May 13, 2022
Proxy statement (DEF 14A) Jan 4, 2016
Latest 8-K (8-K) Jul 18, 2022
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARRich Horner, Treasurer
- 18SEC EDGARKevin Morgan Paul Kuby, Board member
- 19SEC EDGARGay A. Burke, Board member
- 20SEC EDGARLawrence S. Berger, Board member
- 21SEC EDGARThomas H. Ripley, Board member
- 22SEC EDGAREllery Roberts, Board member
- 23SEC EDGARAldus H. Chapin Ii., Board member
- 24SEC EDGARAngel Donchev, Board member
- 25SEC EDGARRichard Edward Miller, Board member
- 26SEC EDGARRobert W. Moberly, Board member
- 27SEC EDGARMark Houlton, Board member
- 28SEC EDGARJames Mandel, Board member
- 29SEC EDGARJohn Klaasen, Board member
- 30SEC EDGAROther events
- 31SEC EDGAROther events
- 32SEC EDGAROther events
- 33SEC EDGAROther events
- 34SEC EDGARRegulation FD disclosure
- 35SEC EDGAROther events