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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 4,319,701 $ 5,094,642
Accounts receivable, net 29,537,940 26,338,883
Loans receivable 7,137,503 3,560,108
Prepaid expenses 932,019 957,527
Lease merchandise, net 36,597,829 40,942,112
Total current assets 78,524,992 76,893,272
Property and equipment, net 8,423,894 7,841,206
Other assets, net 76,809 77,578
Total assets 87,025,695 84,812,056
CURRENT LIABILITIES:    
Accounts payable 4,816,837 7,982,180
Accrued payroll and related taxes 665,024 391,078
Promissory notes to related parties, net of $0 at 2022 and net of $1,274 at 2021 of unamortized issuance costs, including accrued interest 225,127 1,053,088
Accrued expenses 1,579,036 2,987,646
Lease liability - current portion 181,197 172,732
Total current liabilities 7,467,221 12,586,724
Loan payable under credit agreement to beneficial shareholder, net of $450,679 at 2022 and $413,076 at 2021 of unamortized issuance costs and current portion 55,699,321 50,061,924
Promissory notes to related parties, net of current portion 7,750,000 3,750,000
Deferred income tax liability 178,160 495,166
Lease liabilities net of current portion 1,726,023 1,774,623
Total liabilities 72,820,725 68,668,437
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 21,605,234 shares at March 31, 2022 and 21,442,278 shares at December 31, 2021 2,161 2,144
Additional paid in capital 39,002,386 38,560,117
Accumulated deficit (47,603,237) (45,222,302)
Total stockholders’ equity 14,204,970 16,143,619
Total liabilities and stockholders' equity $ 87,025,695 $ 84,812,056