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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,978,628) $ (4,345,131)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and impairment of lease merchandise 29,684,866 24,733,916
Other depreciation and amortization 1,850,453 1,536,491
Compensation expense related to issuance of stock options 101,025 64,896
Provision for doubtful accounts 16,563,888 14,357,461
Loss on debt extinguishment 126,597
Changes in operating assets and liabilities:    
Accounts receivable (17,120,096) (15,570,400)
Prepaid expenses and other 141,126 13,255
Lease merchandise (26,595,974) (17,315,091)
Security deposits 2,025 (10,207)
Accounts payable (1,560,609) (1,188,200)
Accrued payroll and related taxes (179,265) (147,388)
Accrued expenses 128,765 44,386
Net cash (used in) provided by operating activities (3,835,827) 2,173,988
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment, including capitalized software costs (1,752,095) (1,487,441)
Net cash (used in) investing activities (1,752,095) (1,487,441)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 15,000
Proceeds from exercise of warrants 1,750
Proceeds from public offering 10,007,500
Equity issuance related costs (862,810)
Proceeds from promissory notes 3,465,000
Proceeds from loan payable under credit agreement 5,185,000
Repayment of loan payable under credit agreement (9,786,487) (2,288,207)
Repayment of installment loan (8,405)
Debt issuance related costs (100,438)
Net cash provided by (used in) financing activities 7,901,110 (2,273,207)
INCREASE/(DECREASE) IN CASH 2,313,188 (1,586,660)
CASH, beginning of period 4,968,915 5,412,495
CASH, end of period 7,282,103 3,825,835
Supplemental cash flow information:    
Interest paid 2,104,110 1,179,826
Non-cash Conversion of debt into common stock $ 1,962,668