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Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss)/ income $ (210,377) $ 193,597
Adjustments to reconcile net income/(loss) to net cash provided by operating  activities:    
Depreciation and impairment of lease merchandise 32,095,204 29,538,247
Other depreciation and amortization 1,246,372 1,237,143
Compensation expense related to issuance of stock options and warrants 763,328 371,972
Provision for doubtful accounts 15,564,198 15,774,830
Interest in kind added to promissory notes balance 2,989
Changes in operating assets and liabilities:    
Accounts receivable (15,261,863) (16,296,288)
Prepaid expenses and other 81,916 (198,666)
Lease merchandise (27,113,342) (21,598,717)
Security deposits 2,943 (40,801)
Accounts payable (1,488,607) (5,745,326)
Accrued payroll and related taxes 84,922 (28,436)
Accrued expenses 27,258 (511,712)
Net cash provided by operating activities 5,794,941 2,695,843
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment, including capitalized software costs (1,399,360) (1,105,122)
Net cash used in investing activities (1,399,360) (1,105,122)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payment under finance lease obligation (3,175)
Refund of equity issuance related costs 23,147
Proceeds from exercise of warrants 131,250
Proceeds from exercise of stock options 2,634
Proceeds from promissory notes, net of fees 1,914,100 3,440,000
Proceeds from loan payable under credit agreement 2,412,000 1,358,343
Repayment of loan payable under credit agreement (5,864,250) (9,255,988)
Repayment of promissory note (500,000)
Repayment of instalment loan (5,603) (5,604)
Net cash used in financing activities (1,413,044) (4,940,102)
INCREASE/ (DECREASE) IN CASH 2,982,537 (3,349,381)
CASH, beginning of period 6,868,472 6,141,210
CASH, end of period 9,851,009 2,791,829
Supplemental cash flow information:    
Interest paid 2,120,502 1,936,218
Deemed dividend from exchange offer of warrants 713,212
Conversion of preferred stock to common stock $ 4,295 $ 341,070