| Schedule of Gross Loan |
The following table sets forth information about our loan products for fiscal 2026: | | | | | | | | | | | | | | | | | | | | | | | | | Minimum Origination | | Maximum Origination | | Minimum Term
(Months) | | Maximum Term
(Months) | | Small loans | $ | 150 | | | $ | 2,450 | | | 3 | | 30 | | Large loans | 2,500 | | | 25,200 | | | 6 | | 60 | | Tax advance loans | 500 | | | 7,000 | | | 8 | | 35 |
Gross loans receivable at March 31, 2026 and 2025 consisted of the following: | | | | | | | | | | | | | 2026 | | 2025 | | Small loans | $ | 700,310,192 | | | $ | 626,775,511 | | | Large loans | 572,155,010 | | | 594,490,890 | | | Tax advance loans | 6,523,121 | | | 4,369,517 | | | Total gross loans | $ | 1,278,988,323 | | | $ | 1,225,635,918 | |
The following is a summary of gross loans receivable by Customer Tenure as of: | | | | | | | | | | Customer Tenure | March 31, 2026 | March 31, 2025 | | 0 to 5 months | $ | 108,089,995 | | $ | 101,878,703 | | | 6 to 17 months | 104,523,602 | | 75,379,597 | | | 18 to 35 months | 97,146,489 | | 99,857,401 | | | 36 to 59 months | 133,394,010 | | 130,228,889 | | | 60+ months | 829,311,106 | | 813,921,811 | | | | | | Tax advance loans | 6,523,121 | | 4,369,517 | | | Total gross loans | $ | 1,278,988,323 | | $ | 1,225,635,918 | | | | |
The following table presents unpaid accrued interest reversed against interest income by Customer Tenure for the years ended March 31, 2026, 2025 and 2024:
| | | | | | | | | | | | | | | | | | | | | | | Unpaid Accrued Interest Reversed Against Interest Income | | | 2026 | | 2025 | | 2024 | | Customer Tenure | | | | | | | | 0 to 5 months | | $ | (7,813,423) | | | $ | (5,983,271) | | | $ | (5,337,474) | | | 6 to 17 months | | (3,691,985) | | | (2,960,850) | | | (3,251,451) | | | 18 to 35 months | | (2,421,881) | | | (3,025,057) | | | (3,382,070) | | | 36 to 59 months | | (2,626,135) | | | (3,272,098) | | | (4,056,209) | | | 60+ months | | (12,573,769) | | | (12,138,391) | | | (10,494,632) | | | Total | | $ | (29,127,193) | | | $ | (27,379,667) | | | $ | (26,521,836) | |
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| Schedule of Deferred Revenue Rollforward |
The following is a summary of the changes in Deferred revenue (contract liability) for the years ended March 31, 2026, 2025, and 2024:
| | | | | | | | | | | | | | | | | | | For the years ended March 31, | | 2026 | | 2025 | | 2024 | | Balance at beginning of period | $ | 3,349,571 | | | $ | 2,679,142 | | | $ | 2,276,188 | | | RAP fees received and deferred during year | 2,226,183 | | | 2,058,457 | | | 1,644,021 | | | Revenue recognized during year | (1,650,225) | | | (1,388,028) | | | (1,241,067) | | | Balance at end of period | 3,925,529 | | | 3,349,571 | | | 2,679,142 | |
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