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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of reconciliation of cash and restricted cash

		September 30, 2022				December 31, 2021
Cash		$	5,274,219			$	4,986,559
Restricted cash			481,867				108,083
Total cash and restricted cash		$	5,756,086			$	5,094,642

Schedule of accounts receivable

		September 30, 2022				December 31, 2021
Lease receivables		$	46,790,076			$	53,176,432
Allowance for doubtful accounts			(13,364,953	)			(27,703,278	)
Lease receivables, net		$	33,425,123			$	25,473,154

Schedule of allowance for doubtful accounts

		Nine Months Ended September 30, 2022				Year Ended December 31, 2021
Beginning balance		$	27,703,278			$	22,138,541
Provision			42,639,102				40,342,618
Accounts written off			(56,977,427	)			(34,777,881	)
Ending balance		$	13,364,953			$	27,703,278

Schedule of net leased merchandise

		September 30, 2022				December 31, 2021
Lease merchandise at cost		$	68,329,607			$	72,159,063
Accumulated depreciation			(34,037,173	)			(29,505,431	)
Impairment reserve			(3,639,610	)			(1,711,520	)
Lease merchandise, net		$	30,652,824			$	40,942,112

Schedule of lessor revenues and fees

		Three Months ended September 30,								Nine Months ended September 30,
		2022				2021				2022				2021
Lease billings and accruals		$	38,580,116			$	42,528,079			$	117,774,390			$	124,720,272
Provision for doubtful accounts			(15,075,109	)			(11,787,960	)			(42,639,102	)			(30,566,352	)
Gain on sale of lease receivables			1,007,079				-				7,611,586				-
Lease revenues and fees		$	24,512,086			$	30,740,119			$	82,746,874			$	94,153,920

Schedule of series 2 convertible preferred stock as their effect is anti-dilutive

		September 30,
		2022				2021
Series 1 Convertible Preferred Stock			225,231				225,231
Series 2 Convertible Preferred Stock			5,845,695				5,845,695
Series 2 Convertible Preferred Stock issuable upon exercise of warrants			116,903				116,903
Common Stock Options			3,834,047				3,113,715
Common Stock Warrants			2,255,184				2,432,488
Performance Share Units			790,327				-
			13,067,387				11,734,032

Schedule of basic and diluted earnings per share

		Nine Months ended
		September 30,
		2022				2021
Numerator
Net income		$	5,727,852			$	2,639,454
Series 2 Convertible Preferred Stock dividends			(1,829,332	)			(1,829,322	)
Net income attributable to common and Series 1 Convertible Preferred Stock			3,898,520				810,132
Net income attributable to Series 1 Convertible Preferred Stock			(59,078	)			(27,518	)
Series 2 Convertible Preferred Stock dividends attributable to Series 1 Convertible Preferred Stock			18,868				19,072
Net income attributable to common shares - Numerator for basic and diluted EPS		$	3,858,310			$	801,686
Denominator
Weighted average of common shares outstanding- Denominator for basic EPS			21,611,879				21,377,978
Effect of dilutive securities:
Series 1 Convertible Preferred Stock			225,231				225,231
Common stock options and performance share units			323,166				1,244,353
Common stock warrants			243,171				834,703
Adjusted weighted average of common shares outstanding and assumed conversions- Denominator diluted EPS			22,403,447				23,682,265
Basic EPS		$	0.18			$	0.04
Diluted EPS		$	0.17			$	0.03

		Three Months ended
		September 30,
		2022				2021
Numerator
Net (loss)/income		$	(6,280,434	)		$	1,696,023
Series 2 Convertible Preferred Stock dividends			(609,778	)			(609,777	)
Net income attributable to common and Series 1 Convertible Preferred Stock			(6,890,212	)			1,086,246
Net income attributable to Series 1 Convertible Preferred Stock			-				(17,678	)
Series 2 Convertible Preferred Stock dividends attributable to Series 1 Convertible Preferred Stock			-				6,356
Net (loss)/income attributable to common shares - Numerator for basic and diluted EPS		$	(6,890,212	)		$	1,074,924
Denominator
Weighted average of common shares outstanding- Denominator for basic EPS			21,681,853				21,383,647
Effect of dilutive securities
Series 1 Convertible Preferred Stock			-				225,231
Common stock options and performance share units			-				1,112,537
Common stock warrants			-				855,764
Adjusted weighted average of common shares outstanding and assumed conversions- Denominator for diluted EPS			21,681,853				23,577,179
Basic earnings/ (loss) per share		$	(0.32	)		$	0.05
Diluted earnings/ (loss) per share		$	(0.32	)		$	0.05

Schedule of fair value assets measured on recurring basis

		Fair Value Measurement Using												Carrying
Financial instruments – As of September 30, 2022 (1)		Level 1				Level 2				Level 3				Amount
Loan receivables at fair value		$	-			$	-			$	26,591,546			$	20,784,782

		Fair Value Measurement Using												Carrying
Financial instruments – As of December 31, 2021 (1)		Level 1				Level 2				Level 3				Amount
Loan receivables at fair value		$	-			$	-			$	3,560,108			$	3,151,184

Schedule of fair value assets measured on recurring basis, unobservable input reconciliation

		Nine months Ended September 30, 2022				Year Ended December 31, 2021
Beginning balance		$	3,560,108			$	89,445
Purchases of loan participation			26,844,927				3,309,732
Obligation of loan participation			467,266				163,307
Interest and fees(1)			10,836,534				672,272
Collections			(13,178,721	)			(907,169	)
Net charge off (1)			(4,450,274	)			(146,923	)
Net change in fair value(1)			2,511,706				379,444
Ending balance		$	26,591,546			$	3,560,108

Schedule of quantitative information about the inputs used in fair value measurement

		September 30, 2022												December 31, 2021
		Minimum				Maximum				Weighted Average(2)				Minimum				Maximum				Weighted Average
Estimated losses(1)			3.3	%			39.2	%			19.6	%			26.0	%			35.0	%			34.6	%
Servicing costs			-				-				3.9	%			-				-				4.6	%
Discount rate			-				-				20.3	%			-				-				11.1	%

Schedule of concerning loan receivables at fair value

		September 30, 2022				December 31, 2021
Aggregate fair value of loan receivables that are 90 days or more past due		$	507,897			$	-
Unpaid principal balance of loan receivables that are 90 days or more past due			510,625				-
Aggregate fair value of loan receivables in non-accrual status			-				-

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