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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash and Restricted Cash The reconciliation of cash and restricted cash is as follows:
   September 30,
2023		   December 31,
2022		 
         
Cash  $5,732,483   $6,051,713 
Restricted cash   5,326    121,636 
Total cash and restricted cash  $5,737,809   $6,173,349 
Schedule of Lease Receivables Balances The lease receivables balances consisted of the following as of September 30, 2023 and December 31, 2022:
   September 30,
2023		   December 31,
2022		 
         
Lease receivables  $53,168,976   $48,618,843 
Allowance for doubtful accounts   (11,747,936)   (13,078,800)
Lease receivables, net  $41,421,040   $35,540,043 
Schedule of Lease Receivables Balances Charged Off Against the Allowance Lease receivables balances charged off against the allowance were $726,007 and $33,454,814 for the three and nine months ended September 30, 2023, respectively, and $16,174,329 and $56,977,427 for the three and nine months ended September 30, 2022, respectively.
   Nine Months
Ended
September 30,
2023		   Year Ended
December 31,
2022		 
Beginning balance  $13,078,800   $27,703,278 
Provision   32,123,950    57,420,480 
Accounts written off   (33,454,814)   (72,044,958)
Ending balance  $11,747,936   $13,078,800 
Schedule of Net Lease Merchandise Balances The net lease merchandise balances consisted of the following as of September 30, 2023 and December 31, 2022:
   September 30,
2023		   December 31,
2022		 
Lease merchandise at cost  $47,501,405   $62,379,920 
Accumulated depreciation and impairment reserve   (23,904,797)   (30,829,479)
Lease merchandise, net  $23,596,608   $31,550,441 

 
Schedule of Lessor Revenues and Fees The breakout of lease revenues and fees, net of lessor bad debt expense, that ties to the consolidated statements of operations is shown below:
   Three Months ended
September 30,		   Nine Months ended
September  30,		 
   2023   2022   2023   2022 
Lease billings and accruals  $31,266,666   $38,580,116   $98,023,406   $117,774,390 
Provision for doubtful accounts   (10,038,122)   (15,075,109)   (32,123,950)   (42,639,102)
Gain/ (loss) on sale of lease receivables   (146,345)   1,007,079    2,803,745    7,611,586 
Lease revenues and fees  $21,082,199   $24,512,086   $68,703,201   $82,746,874 
Schedule of Number of Common Shares Issuable Upon Conversion or Exercise The following table reflects the number of common shares issuable upon conversion or exercise.
   September 30, 
   2023   2022 
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 
Common Stock Options   4,408,395    3,936,083 
Common Stock Warrants   2,255,184    2,255,184 
Performance Share Units   1,250,000    790,327 
    13,984,505    13,169,423 
Schedule of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per common share for the nine months ended September 30, 2023 and 2022:
   Nine Months ended 
   September 30, 
   2023   2022 
Numerator        
Net (loss)/ income  $(4,587,769)  $5,727,852 
Series 2 Convertible Preferred Stock dividends   (3,034,182)   (1,829,332)
Net (loss)/ income attributable to common and Series 1 Convertible Preferred Stock   (7,621,951)   3,898,520 
Net loss attributable to Series 1 Convertible Preferred Stock   -    (59,078)
Series 2 Convertible Preferred Stock dividends attributable to Series 1 Convertible Preferred Stock   -    18,868 
           
Net (loss)/ income attributable to common shares- Numerator for basic and diluted EPS  $(7,621,951)  $3,858,310 
Denominator          
Weighted average of common shares outstanding- Denominator for basic EPS   21,740,027    21,611,879 
Effect of dilutive securities:          
Series 1 Convertible Preferred Stock   -    225,231 
Common stock options and performance share units   -    323,166 
Common stock warrants   -    243,171 
Adjusted weighted average of common shares outstanding and assumed conversions- Denominator diluted EPS   21,740,027    22,403,447 
Basic EPS  $(0.35)  $0.18 
Diluted EPS  $(0.35)  $0.17 

  

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended September 30, 2023 and 2022:
   Three Months ended 
   September 30, 
   2023   2022 
Numerator        
Net income/ (loss)  $940,101   $(6,280,434)
Series 2 Convertible Preferred Stock dividends   (1,069,456)   (609,778)
Net loss attributable to common shares- Numerator for basic and diluted EPS  $(129,355)  $(6,890,212)
Denominator          
Weighted average of common shares outstanding- Denominator for basic and diluted EPS   21,716,852    21,681,853 
Basic EPS  $(0.01)  $(0.32)
Diluted EPS  $(0.01)  $(0.32)
Schedule of Fair Value Assets Measured on Recurring Basis The Company’s financial instruments that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022 is as follows:
   Fair Value Measurement Using   Carrying 
Financial instruments – As of September 30, 2023 (1)  Level 1   Level 2   Level 3   Amount 
Loan receivables at fair value  $      -   $       -   $31,679,882   $46,113,207 
Promissory note related to acquisition   -    -    3,191,272    3,191,272 
   Fair Value Measurement Using   Carrying 
Financial instruments – As of December 31, 2022 (1)  Level 1   Level 2   Level 3   Amount 
Loan receivables at fair value  $      -   $       -   $32,932,504   $42,747,668 
Promissory note related to acquisition   -    -    3,158,471    3,158,471 
(1) For cash, lease receivable, and accounts payable the carrying amount is a reasonable estimate of fair value due to their short-term nature. The carrying value of loans payable under the Credit Agreement, the carrying value of loans payable under Basepoint Credit Agreement, and the carrying value of promissory notes to related parties approximates fair value based upon their interest rates, which approximate current market interest rates.
Schedule of Fair Value Assets Measured on Recurring Basis, Unobservable Input Reconciliation the following table presents a reconciliation of the beginning and ending balances for the years ended September 30, 2023 and December 31, 2022:
   Nine Months
Ended
September 30,
2023		   Year Ended
December 31,
2022		 
Beginning balance  $32,932,504   $3,560,108 
Purchases of loan participation   389,949    31,216,406 
Obligation of loan participation   (12,931)   12,931 
Purchase of loan portfolio in Revolution Transaction   -    13,320,326 
Loan originations   42,789,600    5,519,303 
Interest and fees(1)   11,731,851    16,680,080 
Collections   (62,409,370)   (27,816,669)
Net charge off (1)   (10,387,396)   (10,653,751)
Net change in fair value(1)   16,645,675    1,093,770 
Ending balance  $31,679,882   $32,932,504 
(1) Included in loan revenues and fees, net of changes in fair value in the consolidated statements of operations.
Schedule of Quantitative Information About the Inputs Used in Fair Value Measurement the following table presents quantitative information about the inputs used in the fair value measurement as of September 30, 2023 and December 31, 2022:
   September 30, 2023   December 31, 2022 
   Minimum   Maximum   Weighted
Average(2)		   Minimum   Maximum   Weighted
Average		 
Estimated losses(1)   0.1%   92.5%   36.8%   2.0%   92.4%   40.8%
Servicing costs   -    -    4.6%   -    -    4.5%
Discount rate   -    -    20.1%   -    -    21.0%
(1) Figure disclosed as a percentage of outstanding principal balance.
   
(2) Unobservable inputs were weighted by outstanding principal balance, which are grouped by origination channel.
Schedule of Concerning Loan Receivables at Fair Value Other relevant data as of September 30, 2023 and December 31, 2022 concerning loan receivables at fair value are as follows:
   September 30,
2023		   December 31,
2022		 
Aggregate fair value of loan receivables that are 90 days or more past due  $23,571,023   $7,147,585 
Unpaid principal balance of loan receivables that are 90 days or more past due   39,128,315    19,834,547 
Aggregate fair value of loan receivables in non-accrual status   23,434,514    6,947,224