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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss)/ income $ (339,896) $ 577,415
Adjustments to reconcile net (loss)/ income to net cash used in operating activities:    
Depreciation and impairment of lease merchandise 63,308,210 58,253,095
Other depreciation and amortization 2,577,084 2,524,422
Compensation expense related to issuance of stock options and warrants 1,388,755 723,394
Provision for doubtful accounts (31,930,714) 34,838,046
Interest in kind added to promissory notes balance 13,388
Payment of interest in kind under promissory notes 73,073
Payment of interest in kind under credit agreement 170,550
Changes in operating assets and liabilities:    
Accounts receivable 30,170,332 (36,734,415)
Prepaid expenses and other (195,104) (352,710)
Lease merchandise (75,067,446) (56,951,502)
Security deposits 2,943 9,210
Accounts payable 3,339,730 (3,814,098)
Lease liabilities 198,528 (124,319)
Accrued payroll and related taxes 43,271 120,172
Accrued expenses 1,283,372 218,206
Net cash used in operating activities (5,207,547) (469,461)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment, including capitalized software costs (3,098,194) (2,241,172)
Net cash used in investing activities (3,098,194) (2,241,172)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable under credit agreement 15,033,000 12,396,078
Repayment of loan payable under credit agreement (7,023,250) (11,815,488)
Proceeds from promissory notes to related parties, net of fees 3,440,000
Proceeds from promissory notes- Paycheck Protection Program, net of fees 1,914,100
Repayment of promissory note (500,000)
Principal payment under finance lease obligation (6,664) (2,527)
Refund of equity issuance related costs 61,509
Proceeds from exercise of warrants 131,250 43,875
Proceeds from exercise of stock options 69,406
Proceeds from exercise of stock options 5,662
Repayment of installment loan (11,207) (11,208)
Debt issuance related costs (64,390) (243,750)
Net cash provided by financing activities 9,978,501 3,437,895
INCREASE IN CASH 1,672,760 727,262
CASH, beginning of period 6,868,472 6,141,210
CASH, end of period 8,541,232 6,868,472
Supplemental cash flow information:    
Interest paid 3,973,374 3,606,328
Deemed dividend from exchange offer of warrants 713,212
Conversion of preferred stock to common stock $ 4,295 $ 341,070