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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Lease revenues and fees, net $ 22,267,261 $ 14,609,409 $ 63,953,196 $ 41,875,977
Lease merchandise sold 665,074 490,208 2,374,876 1,592,556
Total revenues 22,932,335 15,099,617 66,328,072 43,468,533
Costs and expenses:        
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise 14,248,969 10,289,709 43,787,216 29,684,867
Cost of lease merchandise sold 457,399 349,209 1,521,244 1,007,677
Marketing 868,452 1,596,322 2,031,227 4,025,509
Salaries and benefits 2,189,629 2,186,835 5,984,797 6,397,999
Operating expenses 2,718,110 2,206,496 8,156,238 6,163,680
Total costs and expenses 20,482,559 16,628,571 61,480,722 47,279,732
Operating income/(loss) 2,449,776 (1,528,954) 4,847,350 (3,811,199)
Loss on extinguishment of debt 126,622 126,622
Interest expense including amortization of debt issuance costs 1,061,794 1,061,827 3,265,771 3,040,832
Net income/(loss) 1,387,982 (2,717,403) 1,581,579 (6,978,653)
Dividends on Series 2 Convertible Preferred Shares 609,717 609,168 1,828,167 1,817,672
Net income/(loss) attributable to common shareholders $ 778,265 $ (3,326,571) $ (246,588) $ (8,796,325)
Basic and diluted (loss) per common share:        
Basic $ 0.04 $ (0.56) $ (0.01) $ (1.59)
Diluted $ 0.04 $ (0.56) $ (0.01) $ (1.59)
WEIGHTED AVERAGE COMMON SHARES:        
Basic 17,666,193 5,950,161 17,661,134 5,539,815
Diluted 19,798,386 5,950,161 20,121,360 5,539,815