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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 6,315,815 $ 8,541,232
Accounts receivable, net 11,028,554 10,032,714
Prepaid expenses 923,093 869,081
Lease merchandise, net 39,320,781 42,822,340
Total current assets 57,588,243 62,265,367
PROPERTY AND EQUIPMENT, net 5,945,497 5,911,696
OTHER ASSETS, net 67,267 72,316
Total assets 63,601,007 68,249,379
CURRENT LIABILITIES:    
Accounts payable 3,126,214 7,907,619
Accrued payroll and related taxes 560,332 352,102
Current portion of promissory notes to related parties, net $8,276 at 2020 of unamortized issuance costs, including accrued interest 59,811 4,815,546
Current portion of promissory note – Paycheck Protection Program, including accrued interest 1,291,951 1,184,952
Accrued expenses 2,866,607 2,646,800
Lease liability - current portion 148,301 160,726
Total current liabilities 8,053,216 17,067,745
Loan payable under credit agreement to beneficial shareholder, net of $499,661 at 2021 and $61,617 at 2020 of unamortized issuance costs and current portion 36,290,339 37,134,009
Promissory notes to related parties, net of $5,093 at 2021 of unamortized issuance costs and current portion 4,744,904  
Promissory note – Paycheck Protection Program, net of current portion 639,510 741,787
Accrued payroll and related taxes net of current portion 204,437 204,437
Lease liabilities net of current portion 1,907,220 1,947,355
Total liabilities 51,839,626 57,095,333
STOCKHOLDERS’ EQUITY    
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 170,332 shares at $5.00 stated value 851,660 851,660
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 21,375,945 shares at 2021 and 21,359,945 shares at 2020 2,138 2,136
Additional paid in capital 37,449,422 36,843,326
Accumulated deficit (48,493,839) (48,495,076)
Total stockholders’ equity 11,761,381 11,154,046
Total liabilities and stockholders' equity $ 63,601,007 $ 68,249,379