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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Lease revenues and fees, net $ 29,134,709 $ 23,391,348 $ 88,876,167 $ 69,989,333
Lease merchandise sold 1,726,226 1,178,716 5,456,991 3,953,608
Total revenues 30,860,935 24,570,064 94,333,158 73,942,941
Costs and expenses:        
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise 16,936,374 14,886,798 56,001,355 46,982,002
Cost of lease merchandise sold 1,235,601 763,728 4,300,224 2,685,599
Marketing 1,824,402 1,650,717 5,571,237 3,619,911
Salaries and benefits 2,672,864 2,499,235 8,329,188 7,324,620
Operating expenses 4,325,825 3,528,890 13,654,038 10,037,743
Total costs and expenses 26,995,066 23,329,368 87,856,042 70,649,875
Operating income 3,865,869 1,240,696 6,477,116 3,293,066
Gain on extinguishment of debt 1,931,825
Interest expense including amortization of debt issuance costs (1,233,617) (951,336) (3,855,014) (3,214,083)
Income before income taxes 2,632,252 289,360 4,553,927 78,983
Provision for income taxes (936,229) (1,914,473)
Net income 1,696,023 289,360 2,639,454 78,983
Deemed dividend from exchange offer of warrants 713,212
Dividends on Series 2 Convertible Preferred Shares 609,777 609,772 1,829,322 1,829,217
Net income/(loss) attributable to common and Series 1 Convertible Preferred shareholders $ 1,086,246 $ (320,412) $ 810,132 $ (2,463,446)
Basic and diluted income/(loss) per common share:        
Basic (in Dollars per share) $ 0.05 $ (0.02) $ 0.04 $ (0.12)
Diluted (in Dollars per share) $ 0.05 $ (0.02) $ 0.03 $ (0.12)
WEIGHTED AVERAGE COMMON SHARES:        
Basic (in Shares) 21,608,878 21,358,141 21,603,209 20,872,940
Diluted (in Shares) 23,577,179 21,358,141 23,682,265 20,872,940