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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Lease revenues and fees, net $ 118,355,184 $ 96,939,767
Lease merchandise sold 7,071,572 5,144,747
Total revenues 125,426,756 102,084,514
Costs and expenses:    
Cost of lease revenues, consisting of depreciation and impairment of lease merchandise 73,616,293 63,308,210
Cost of lease merchandise sold 5,561,593 3,424,880
Marketing 9,129,062 5,880,063
Salaries and benefits 11,489,208 10,440,693
Operating expenses 18,265,781 14,404,953
Total costs and expenses 118,061,937 97,458,799
Operating income 7,364,819 4,625,715
Gain on extinguishment of debt 1,931,825
Interest expense including amortization of debt issuance costs (5,238,560) (4,302,561)
Income before income taxes 4,058,084 323,154
Provision for income taxes (785,310) (663,050)
Net income/ (loss) 3,272,774 (339,896)
Deemed dividend from exchange offer of warrants 713,212
Dividends on Series 2 Convertible Preferred Shares 2,439,099 2,438,988
Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders $ 833,675 $ (3,492,096)
Basic and diluted income/(loss) per common share:    
Basic (in Dollars per share) $ 0.04 $ (0.17)
Diluted (in Dollars per share) $ 0.04 $ (0.17)
WEIGHTED AVERAGE COMMON SHARES:    
Basic (in Shares) 21,387,960 20,995,349
Diluted (in Shares) 23,227,964 20,995,349