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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income/(loss) $ 3,272,774 $ (339,896)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Depreciation and impairment of lease merchandise 73,616,293 63,308,210
Other depreciation and amortization 2,871,541 2,271,287
Amortization of debt issuance cost 220,816 305,797
Compensation expense related to issuance of stock options and warrants 1,648,627 1,388,755
Provision for doubtful accounts 40,489,540 31,930,714
Interest in kind added to promissory notes balance 9,460 13,388
Write off of capitalized software costs 4,361  
Deferred income tax 495,166
Gain on debt extinguishment (1,931,825)
Changes in operating assets and liabilities:    
Accounts receivable (60,355,817) (33,691,096)
Prepaid expenses and other (87,394) (195,104)
Lease merchandise (71,736,065) (75,067,446)
Security deposits (8,338) 2,943
Accounts payable 74,561 3,339,730
Lease liabilities (5,811) 198,528
Accrued payroll and related taxes (165,461) 43,271
Accrued expenses 331,541 1,283,372
Net cash used in operating activities (11,256,031) (5,207,547)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment, including capitalized software and data costs (4,949,544) (3,098,194)
Net cash used in investing activities (4,949,544) (3,098,194)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable under credit agreement 19,850,000 15,033,000
Repayment of loan payable under credit agreement (6,575,000) (7,023,250)
Proceeds from promissory notes- Paycheck Protection Program, net of fees 1,914,100
Principal payment under finance lease obligation (7,707) (6,664)
Proceeds from exercise of warrants 131,250
Proceeds from exercise of stock options 68,172 5,662
Repayment of installment loan (11,207) (11,207)
Debt issuance related costs (565,273) (64,390)
Net cash provided by financing activities 12,758,985 9,978,501
(DECREASE)/ INCREASE IN CASH (3,446,590) 1,672,760
CASH, beginning of period 8,541,232 6,868,472
CASH, end of period 5,094,642 8,541,232
Supplemental cash flow information:    
Interest paid 4,945,690 3,973,374
Deemed dividend from exchange offer of warrants 713,212
Conversion of preferred stock to common stock $ 4,295