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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Lease revenues and fees, net $ 22,906,843 $ 30,468,476 $ 47,621,001 $ 58,234,788
Loan revenues and fees, net of changes in fair value 1,625,193 6,079,675 7,696,810 7,268,599
Total revenues 24,532,036 36,548,151 55,317,811 65,503,387
Costs and expenses:        
Depreciation and impairment of lease merchandise 14,485,417 18,207,305 29,831,205 37,367,916
Loan origination costs and fees 1,655,424 804,228 3,489,051 1,229,741
Marketing 1,488,578 3,770,820 2,587,767 5,784,935
Salaries and benefits 2,976,008 3,014,920 5,702,898 5,979,362
Operating expenses 5,957,932 5,748,286 11,585,640 11,421,488
Total costs and expenses 26,563,359 31,545,559 53,196,561 61,783,442
Operating (loss)/ income (2,031,323) 5,002,592 2,121,250 3,719,945
Interest expense including amortization of debt issuance costs (4,568,557) (2,347,838) (9,099,884) (4,305,906)
(Loss)/income before income taxes (6,599,880) 2,654,754 (6,978,634) (585,961)
Benefit from income taxes 1,302,225 11,734,467 1,450,764 12,594,247
Net (loss)/ income (5,297,655) 14,389,221 (5,527,870) 12,008,286
Dividends on Series 2 Convertible Preferred Shares (992,493) (609,777) (1,964,726) (1,219,554)
Net (loss)/ income attributable to common and Series 1 Convertible Preferred shareholders $ (6,290,148) $ 13,779,444 $ (7,492,596) $ 10,788,732
Basic and diluted (loss)/ income per common share:        
Basic (in Dollars per share) $ (0.22) $ 0.63 $ (0.34) $ 0.49
Diluted (in Dollars per share) $ (0.22) $ 0.51 $ (0.34) $ 0.42
WEIGHTED AVERAGE COMMON SHARES:        
Basic (in Shares) 28,923,393 21,605,234 21,751,807 21,576,312
Diluted (in Shares) 28,923,393 27,898,824 21,751,807 28,193,268