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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Lease revenues and fees, net $ 105,936,072 $ 124,505,432
Loan revenues and fees, net of changes in fair value 7,120,101 921,324
Total revenues 113,056,173 125,426,756
Costs and expenses:    
Depreciation and impairment of lease merchandise 72,556,431 78,669,393
Loan origination costs and fees 3,384,013 508,493
Marketing 11,031,695 9,129,062
Salaries and benefits 10,991,477 11,489,208
Operating expenses 21,395,767 18,265,781
Total costs and expenses 119,359,383 118,061,937
Operating (loss)/ income (6,303,210) 7,364,819
Gain on extinguishment of debt 1,931,825
Gain on bargain purchase 14,461,274
Interest expense including amortization of debt issuance costs (11,161,396) (5,238,560)
(Loss)/income before income taxes (3,003,332) 4,058,084
Benefit /(expense) from income taxes 16,635,051 (785,310)
Net income 13,631,719 3,272,774
Dividends on Series 2 Convertible Preferred Shares 3,730,580 2,439,099
Net income attributable to common and Series 1 Convertible Preferred shareholders $ 9,901,139 $ 833,675
Basic and diluted income per common share:    
Basic (in Dollars per share) $ 0.45 $ 0.04
Diluted (in Dollars per share) $ 0.44 $ 0.04
WEIGHTED AVERAGE COMMON SHARES:    
Basic (in Shares) 21,646,896 21,387,960
Diluted (in Shares) 22,425,354 23,227,964