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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Lease revenues and fees $ 20,514,492 $ 16,144,184 $ 58,439,865 $ 49,458,109
Lease merchandise sold 490,208 359,656 1,592,556 1,174,608
Total revenues 21,004,700 16,503,840 60,032,421 50,632,717
Costs and expenses:        
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise 10,289,709 8,146,293 29,684,867 24,733,915
Cost of lease merchandise sold 349,209 280,130 1,007,677 816,058
Provision for doubtful accounts 5,905,083 4,681,832 16,563,888 14,357,461
Marketing 1,596,322 994,576 4,025,509 2,625,367
Salaries and benefits 2,186,835 1,900,925 6,397,999 5,567,082
Operating expenses 2,206,496 1,723,309 6,163,680 5,266,278
Total costs and expenses 22,533,654 17,727,065 63,843,620 53,366,161
Operating loss (1,528,954) (1,223,225) (3,811,199) (2,733,444)
Loss on debt extinguishment 126,597 126,597
Interest expense including amortization of debt issuance costs 1,061,827 504,392 3,040,832 1,611,687
Net loss (2,717,378) (1,727,617) (6,978,628) (4,345,131)
Dividends on Series 2 Convertible Preferred Shares 609,168 603,680 1,817,672 1,712,716
Net loss attributable to common shareholders $ (3,326,546) $ (2,331,297) $ (8,796,300) $ (6,057,847)
Basic and diluted (loss) per common share:        
Net loss $ (0.56) $ (0.44) $ (1.59) $ (1.14)
WEIGHTED AVERAGE COMMON SHARES:        
Basic and diluted 5,950,161 5,292,281 5,539,815 5,290,077