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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 6,750,019 $ 6,868,472
Accounts receivable, net 7,855,320 8,272,332
Prepaid expenses 794,089 672,242
Lease merchandise, net 30,658,104 31,063,104
Total current assets 46,057,532 46,876,150
PROPERTY AND EQUIPMENT, net 5,563,604 5,260,407
OTHER ASSETS, net 73,085 78,335
Total assets 51,694,221 52,214,892
CURRENT LIABILITIES:    
Accounts payable 5,053,768 4,567,889
Accrued payroll and related taxes 307,120 513,267
Current portion of loan payable under credit agreement to beneficial shareholder, net of $37,685 at 2020 of unamortized issuance costs 14,297,514
Current portion of promissory notes to related parties, net of $12,414 at 2020 and $5,333 at 2019 of unamortized issuance costs, including accrued interest 4,797,051 1,067,740
Current portion of promissory note - Paycheck Protection Program 1,170,602
Accrued expenses 1,454,303 1,372,901
Lease liability - current portion 159,521 27,726
Total current liabilities 27,239,879 7,549,523
Loan payable under credit agreement to beneficial shareholder, net of $26,918 at 2020 and $281,138 at 2019 of unamortized issuance costs and current portion 10,212,510 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 - Paycheck Protection Program, net of current portion 751,312
Accrued payroll and related taxes less current portion 268,255
Lease liabilities less current portion 1,986,209 2,067,184
Total liabilities 40,458,165 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 21,359,445 shares at 2020 and 17,783,960 shares at 2019 2,136 1,779
Additional paid in capital 36,506,457 35,313,721
Accumulated deficit (48,076,197) (48,155,180)
Total stockholders' equity 11,236,056 9,968,275
Total liabilities and stockholders' equity $ 51,694,221 $ 52,214,892