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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income/(loss) $ 1,581,579 $ (6,978,653)
Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities:    
Depreciation and impairment of lease merchandise 43,787,216 29,684,866
Other depreciation and amortization 1,879,935 1,850,452
Compensation expense related to issuance of stock options and warrants 530,724 101,025
Provision for doubtful accounts 25,075,156 16,563,888
Loss on debt extinguishment 126,622
Changes in operating assets and liabilities:    
Accounts receivable (26,675,773) (17,120,096)
Prepaid expenses and other (290,556) 141,126
Lease merchandise (35,764,135) (26,595,974)
Security deposits 1,334 2,025
Accounts payable (5,656,655) (1,560,609)
Accrued payroll and related taxes (161,009) (179,265)
Accrued expenses (317,173) 128,766
Net cash provided by (used in) operating activities 3,990,643 (3,835,827)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment, including capitalized software costs (1,664,580) (1,752,095)
Net cash used in investing activities (1,664,580) (1,752,095)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payment under finance lease obligation (1,243)
Refund of equity issuance related costs 23,147
Proceeds from exercise of warrants 1,750
Proceeds from public offering 10,007,500
Equity issuance related costs (862,810)
Proceeds from promissory notes, net of fees 3,440,000 3,465,000
Repayment of promissory note (500,000)
Proceeds from loan payable under credit agreement 2,523,828 5,185,000
Repayment of loan payable under credit agreement (10,528,488) (9,786,487)
Repayment of installment loan (8,405) (8,405)
Debt issuance related costs (243,750) (100,438)
Net cash (used in) provided by financing activities (5,294,911) 7,901,110
(DECREASE)/INCREASE IN CASH (2,968,848) 2,313,188
CASH, beginning of period 6,141,210 4,968,915
CASH, end of period 3,172,362 7,282,103
Supplemental cash flow information:    
Interest paid 2,700,709 2,104,110
Non-cash financing activities:    
Issuance of common stock and warrants to extinguishment debt and accrued interest 2,089,266
Accrued equity issuance costs 160,000
Warrants issued for debt issuance costs 523,250
Conversion of preferred stock to common stock $ 341,070