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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 8,541,232 $ 6,868,472
Accounts receivable, net 10,032,714 8,272,332
Prepaid expenses 869,081 672,242
Lease merchandise, net 42,822,340 31,063,104
Total current assets 62,265,367 46,876,150
PROPERTY AND EQUIPMENT, net 5,911,696 5,260,407
OTHER ASSETS, net 72,316 78,335
Total assets 68,249,379 52,214,892
CURRENT LIABILITIES:    
Accounts payable 7,907,619 4,567,889
Accrued payroll and related taxes 352,102 513,267
Current portion of promissory notes to related parties, net of $8,276 at 2020 and $5,333 at 2019 of unamortized issuance costs, including accrued interest 4,815,546 1,067,740
Current portion of promissory note - Paycheck Protection Program 1,184,952
Accrued expenses 2,646,800 1,372,901
Lease liability - current portion 160,726 27,726
Total current liabilities 17,067,745 7,549,523
Loan payable under credit agreement to beneficial shareholder, net of $61,617 at 2020 and $281,138 at 2019 of unamortized issuance costs and current portion 37,134,009 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 741,787
Accrued payroll and related taxes net of current portion 204,437
Lease liabilities less current portion 1,947,355 2,067,184
Total liabilities 57,095,333 42,246,617
STOCKHOLDERS' EQUITY    
Series 1 Convertible Preferred Stock, $0.001 par value - designated 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 - designated 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 21,359,945 shares at 2020 and 17,783,960 shares at 2019 2,136 1,779
Additional paid in capital 36,843,326 35,313,721
Accumulated deficit (48,495,076) (48,155,180)
Total stockholders' equity 11,154,046 9,968,275
Total liabilities and stockholders' equity $ 68,249,379 $ 52,214,892