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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Lease revenues and fees, net $ 21,082,199 $ 24,512,086 $ 68,703,201 $ 82,746,874
Loan revenues and fees, net of changes in fair value 10,304,247 1,629,365 18,001,057 8,897,964
Total revenues 31,386,446 26,141,451 86,704,258 91,644,838
Costs and expenses:        
Depreciation and impairment of lease merchandise 13,061,958 18,746,897 42,893,163 56,114,813
Loan origination costs and fees 1,389,107 1,027,097 4,878,158 2,256,838
Marketing 1,671,137 2,393,185 4,258,904 8,178,120
Salaries and benefits 3,231,100 2,820,033 8,933,998 8,799,395
Operating expenses 6,080,725 5,702,800 17,666,366 17,124,288
Total costs and expenses 25,434,027 30,690,012 78,630,589 92,473,454
Operating income/ (loss) 5,952,419 (4,548,561) 8,073,669 (828,616)
Interest expense including amortization of debt issuance costs (4,746,801) (3,030,142) (13,846,685) (7,336,048)
Income/ (loss) before income taxes 1,205,618 (7,578,703) (5,773,016) (8,164,664)
(Loss)/ benefit from income taxes (265,517) 1,298,269 1,185,247 13,892,516
Net income/ (loss) 940,101 (6,280,434) (4,587,769) 5,727,852
Dividends on Series 2 Convertible Preferred Shares (1,069,456) (609,778) (3,034,182) (1,829,332)
Net (loss)/ income attributable to common and Series 1 Convertible Preferred shareholders $ (129,355) $ (6,890,212) $ (7,621,951) $ 3,898,520
Basic and diluted (loss)/ income per common share:        
Basic (in Dollars per share) $ (0.01) $ (0.32) $ (0.35) $ 0.18
Diluted (in Dollars per share) $ (0.01) $ (0.32) $ (0.35) $ 0.17
WEIGHTED AVERAGE COMMON SHARES:        
Basic (in Shares) 21,716,852 21,681,853 21,740,027 21,611,879
Diluted (in Shares) 21,716,852 21,681,853 21,740,027 22,403,447