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v3.19.3.a.u2

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Revenues: |  |
Lease revenues and fees, net | $ 85,331,360 | $ 59,219,472
Lease merchandise sold | 3,458,529 | 2,269,708
Total revenues | 88,789,889 | 61,489,180
Costs and expenses: |  |
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise | 57,939,899 | 40,639,232
Cost of lease merchandise sold | 2,282,036 | 1,423,526
Marketing | 3,649,292 | 7,046,812
Salaries and benefits | 8,469,334 | 8,796,011
Operating expenses | 11,345,091 | 8,761,815
Total costs and expenses | 83,685,652 | 66,667,396
Operating income/(loss) | 5,104,237 | (5,178,216)
Loss on extinguishment of debt |  | 126,622
Interest expense including amortization of debt issuance costs | 4,310,422 | 4,156,424
Income/(loss) before income taxes | 793,815 | (9,461,262)
Provision for income taxes | 216,400 |
Net income/(loss) | 577,415 | (9,461,262)
Dividends on Series 2 Convertible Preferred Shares | 2,437,884 | 2,426,840
Net loss attributable to common shareholders | $ (1,860,469) | $ (11,888,102)
Basic and diluted (loss) per common share: |  |
Basic and diluted | $ (0.11) | $ (1.39)
WEIGHTED AVERAGE COMMON SHARES: |  |
Basic and diluted | 17,672,156 | 8,574,569

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