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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 3,147,926 $ 8,541,232
Accounts receivable, net 19,651,250 10,032,714
Prepaid expenses 1,118,140 869,081
Lease merchandise, net 33,332,854 42,822,340
Total current assets 57,250,170 62,265,367
PROPERTY AND EQUIPMENT, net 7,227,023 5,911,696
OTHER ASSETS, net 78,347 72,316
Total assets 64,555,540 68,249,379
CURRENT LIABILITIES:    
Accounts payable 3,344,185 7,907,619
Accrued payroll and related taxes 629,876 352,102
Promissory notes to related parties, net of $2,546 at 2021 and net of $8,276 at 2020 of unamortized issuance costs, including accrued interest 4,802,650 4,815,546
Current portion of promissory note – Paycheck Protection Program, including accrued interest 1,184,952
Accrued expenses 3,446,104 2,646,800
Lease liability - current portion 164,274 160,726
Total current liabilities 12,387,089 17,067,745
Loan payable under credit agreement to beneficial shareholder, net of $419,307 at 2021 and $61,617 at 2020 of unamortized issuance costs and current portion 34,205,693 37,134,009
Promissory note – Paycheck Protection Program, net of current portion 741,787
Accrued payroll and related taxes net of current portion 204,437 204,437
Deferred income tax liability 700,199
Lease liabilities net of current portion 1,821,935 1,947,355
Total liabilities 49,319,353 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 21,390,944 shares at 2021 and 21,359,945 shares at 2020 2,139 2,136
Additional paid in capital 38,286,010 36,843,326
Accumulated deficit (45,855,622) (48,495,076)
Total stockholders’ equity 15,236,187 11,154,046
Total liabilities and stockholders' equity $ 64,555,540 $ 68,249,379