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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 4,988,308 $ 4,986,559
Restricted cash 461,649 108,083
Accounts receivable, net 33,050,840 26,338,883
Loans receivable at fair value 22,534,033 3,560,108
Prepaid expenses 1,113,554 957,527
Lease merchandise, net 36,136,995 40,942,112
Total current assets 98,285,379 76,893,272
Property and equipment, net 9,399,753 7,841,206
Other assets, net 76,040 77,578
Deferred tax asset, net 12,244,068
Total assets 120,005,240 84,812,056
CURRENT LIABILITIES:    
Accounts payable 5,242,163 7,982,180
Accrued payroll and related taxes 416,734 391,078
Promissory notes to related parties, net of $0 at 2022 and $1,274 at 2021 of unamortized issuance costs, including accrued interest 1,167,871 1,053,088
Accrued expenses 4,777,278 2,987,646
Lease liability - current portion 189,804 172,732
Total current liabilities 11,793,850 12,586,724
Loan payable under credit agreement to beneficial shareholder, net of $394,396 at 2022 and $413,076 at 2021 of unamortized issuance costs 66,755,604 50,061,924
Promissory notes to related parties, net of current portion 10,750,000 3,750,000
Deferred income tax liability 178,160 495,166
Lease liabilities net of current portion 1,675,959 1,774,623
Total liabilities 91,153,573 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 June 30, 2022 and 21,442,278 shares at December 31, 2021 2,161 2,144
Additional paid in capital 39,259,862 38,560,117
Accumulated deficit (33,214,016) (45,222,302)
Total stockholders’ equity 28,851,667 16,143,619
Total liabilities and stockholders' equity $ 120,005,240 $ 84,812,056