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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Lease revenues and fees, net $ 23,391,348 $ 22,267,261 $ 69,989,333 $ 63,953,196
Lease merchandise sold 1,178,716 665,074 3,953,608 2,374,876
Total revenues 24,570,064 22,932,335 73,942,941 66,328,072
Costs and expenses:        
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise 14,886,798 14,248,969 46,982,002 43,787,216
Cost of lease merchandise sold 763,728 457,399 2,685,599 1,521,244
Marketing 1,650,717 868,452 3,619,911 2,031,227
Salaries and benefits 2,499,235 2,189,629 7,324,620 5,984,797
Operating expenses 3,528,890 2,718,110 10,037,743 8,156,238
Total costs and expenses 23,329,368 20,482,559 70,649,875 61,480,722
Operating income 1,240,696 2,449,776 3,293,066 4,847,350
Interest expense including amortization of debt issuance costs 951,336 1,061,794 3,214,083 3,265,771
Net income 289,360 1,387,982 78,983 1,581,579
Deemed dividend from exchange offer of warrants 713,212
Dividends on Series 2 Convertible Preferred Shares 609,772 609,717 1,829,217 1,828,167
Net income/ (loss) attributable to common stockholders $ (320,412) $ 778,265 $ (2,463,446) $ (246,588)
Basic and diluted loss per common share:        
Basic and diluted $ (0.02) $ 0.04 $ (0.12) $ (0.01)
WEIGHTED AVERAGE COMMON SHARES:        
Basic 21,358,141 17,666,193 20,872,940 17,661,134
Diluted 21,358,141 19,798,386 20,872,940 17,661,134