Annual report pursuant to Section 13 and 15(d)

Other Assets (Notes)

v2.4.0.8
Other Assets (Notes)
 12 Months Ended
Dec. 31, 2013
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
Other Assets
Other assets as of December 31, 2013 and December 31, 2012 are summarized in the following table:
(in thousands)
December 31,
2013
 
December 31,
2012
Property and equipment at cost
$
2,285

 
$
1,034

Accumulated depreciation (1)
(858
)
 
(251
)
Net property and equipment
1,427

 
783

Prepaid expenses
1,818

 
1,411

Income taxes receivable
—

 
4,323

Deferred tax assets, net
—

 
44,184

Intangible assets
533

 
—

Servicing advances
7,298

 
—

Federal Home Loan Bank stock
10

 
—

Other receivables (2)
2,113

 
31,885

Total other assets
$
13,199

 
$
82,586

____________________
(1)
Depreciation expense for the years ended December 31, 2013 and 2012 was $607,306 and $212,044, respectively.
(2)
The majority of other receivables at December 31, 2012 are amounts due from the Company’s transfer agent for cash proceeds received upon exercise of warrants by warrantholders on December 31, 2012.