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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 9,851,009 $ 6,868,472
Accounts receivable, net 7,969,997 8,272,332
Prepaid expenses 591,276 672,242
Lease merchandise, net 26,081,242 31,063,104
Total current assets 44,493,524 46,876,150
PROPERTY AND EQUIPMENT, net 5,489,986 5,260,407
OTHER ASSETS, net 73,854 78,335
Total assets 50,057,364 52,214,892
CURRENT LIABILITIES:    
Accounts payable 3,079,283 4,567,889
Accrued payroll and related taxes 513,098 513,267
Loan payable under credit agreement to beneficial shareholder, net of $36,838 at 2020 of unamortized issuance costs 8,541,037
Promissory notes to related parties, net of $16,552 at 2020 and $5,333 at 2019 of unamortized issuance costs, including accrued interest 4,793,918 1,067,740
Promissory note 845,047
Accrued expenses 1,210,665 1,372,901
Lease liability - current portion 151,146 27,726
Total current liabilities 19,134,194 7,549,523
Loan payable under credit agreement to beneficial shareholder, net of $73,676 at 2020 and $281,138 at 2019 of unamortized issuance costs and current portion 17,082,075 28,904,738
Promissory notes to related parties, net of $24,828 at 2019 of unamortized issuance costs and current portion 3,725,172
Promissory note 1,072,042  
Accrued payroll and related taxes less current portion 85,091
Lease liabilities less current portion 2,028,852 2,067,184
Total liabilities 39,402,254 42,246,617
STOCKHOLDERS' EQUITY    
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 170,332 shares at 2020 and 171,191 shares at 2019 at $5.00 stated value 851,660 855,955
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 21,356,112 shares at 2020 and 17,783,960 shares at 2019 2,136 1,779
Additional paid in capital 36,214,871 35,313,721
Accumulated deficit (48,365,557) (48,155,180)
Total stockholders' equity 10,665,110 9,968,275
Total liabilities and stockholders' equity $ 50,057,364 $ 52,214,892