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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 5,454,520 $ 6,868,472
Accounts receivable, net 8,459,944 8,272,332
Prepaid expenses 760,610 672,242
Lease merchandise, net 29,898,676 31,063,104
Total current assets 44,573,750 46,876,150
PROPERTY AND EQUIPMENT, net 5,414,740 5,260,407
OTHER ASSETS, net 74,623 78,335
Total assets 50,063,113 52,214,892
CURRENT LIABILITIES:    
Accounts payable 3,161,491 4,567,889
Accrued payroll and related taxes 293,004 513,267
Loan payable under credit agreement to beneficial shareholder, net of $16,244 at 2020 of unamortized issuance costs 2,294,829
Promissory notes to related parties, net of $1,333 at 2020 and $5,333 at 2019 of unamortized issuance costs, including accrued interest 1,212,777 1,067,740
Accrued expenses 1,600,988 1,372,901
Lease liability - current portion 129,203 27,726
Total current liabilities 8,692,292 7,549,523
Loan payable under credit agreement to beneficial shareholder, net of $178,687 at 2020 and $281,138 at 2019 of unamortized issuance costs and current portion 25,243,117 28,904,738
Promissory notes to related parties, net of $20,690 at 2020 and $24,828 at 2019 of unamortized issuance costs and current portion 3,729,310 3,725,172
Lease liabilities less current portion 2,031,370 2,067,184
Total liabilities 39,696,089 42,246,617
STOCKHOLDERS' EQUITY    
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 171,191 shares at $5.00 stated value 855,955 855,955
Series 2 Convertible Preferred Stock, $0.001 par value - authorized 25,000 shares, issued and outstanding 21,952 shares at $1,000 stated value 21,952,000 21,952,000
Common stock, $0.0001 par value- authorized 40,000,000 shares, issued and outstanding 21,351,643 shares at 2020 and 17,783,960 shares at 2019 2,135 1,779
Additional paid in capital 35,660,429 35,313,721
Accumulated deficit (48,103,495) (48,155,180)
Total stockholders' equity 10,367,024 9,968,275
Total liabilities and stockholders' equity $ 50,063,113 $ 52,214,892