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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Lease revenues and fees, net $ 30,468,476 $ 30,662,470 $ 58,234,788 $ 63,413,801
Loan revenues and fees, net of changes in fair value 6,079,675 26,083 7,268,599 58,422
Total revenues 36,548,151 30,688,553 65,503,387 63,472,223
Costs and expenses:        
Cost of lease revenues and merchandise sold 18,207,305 19,490,864 37,367,916 41,954,420
Loan origination costs and fees 804,228 111,787 1,229,741 175,184
Marketing 3,770,820 1,914,095 5,784,935 3,746,835
Salaries and benefits 3,014,920 2,747,005 5,979,362 5,656,324
Operating expenses 5,748,286 5,213,789 11,421,488 9,328,213
Total costs and expenses 31,545,559 29,477,540 61,783,442 60,860,976
Operating income 5,002,592 1,211,013 3,719,945 2,611,247
Gain on extinguishment of debt 1,931,825 1,931,825
Interest expense including amortization of debt issuance costs (2,347,838) (1,222,400) (4,305,906) (2,621,397)
Income /(loss) before income taxes 2,654,754 1,920,438 (585,961) 1,921,675
Benefit /(expense) from income taxes 11,734,467 (978,244) 12,594,247 (978,244)
Net income 14,389,221 942,194 12,008,286 943,431
Dividends on Series 2 Convertible Preferred Shares (609,777) (609,773) (1,219,554) (1,219,545)
Net income/(loss) attributable to common and Series 1 Convertible Preferred shareholders $ 13,779,444 $ 332,421 $ 10,788,732 $ (276,114)
Basic and diluted income/(loss) per common share:        
Basic (in Dollars per share) $ 0.63 $ 0.02 $ 0.49 $ (0.01)
Diluted (in Dollars per share) $ 0.51 $ 0.01 $ 0.42 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES:        
Basic (in Shares) 21,605,234 21,605,461 21,576,312 21,375,096
Diluted (in Shares) 27,898,824 23,603,477 28,193,268 21,375,096