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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 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:
   December 31,
2023		   December 31,
2022		 
         
Cash  $4,413,130   $6,051,713 
Restricted cash   -    121,636 
Total cash and restricted cash  $4,413,130   $6,173,349 

 
Schedule of Lease Receivables Balances The lease receivables balances consisted of the following as of December 31, 2023 and December 31, 2022:
   December 31,
2023		   December 31,
2022		 
         
Lease receivables  $64,749,918   $48,618,843 
Allowance for doubtful accounts   (19,954,828)   (13,078,800)
Lease receivables, net  $44,795,090   $35,540,043 
Schedule of Lease Receivables Balances Charged Off Against the Allowance Lease receivables balances charged off against the allowance were $35,629,619 for twelve months ended December 31, 2023, and $72,044,958 for twelve months ended December 31, 2022.
   Year Ended
December 31,
2023		   Year Ended
December 31,
2022		 
Beginning balance  $13,078,800   $27,703,278 
Provision   42,505,647    57,420,480 
Accounts written off   (35,629,619)   (72,044,958)
Ending balance  $19,954,828   $13,078,800 
Schedule of Net Lease Merchandise Balances The net lease merchandise balances consisted of the following as of December 31, 2023 and December 31, 2022:
   December 31,
2023		   December 31,
2022		 
Lease merchandise at cost  $49,687,498   $62,379,920 
Accumulated depreciation and impairment reserve   (20,556,058)   (30,829,479)
Lease merchandise, net  $29,131,440   $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:
   Year ended
December 31,		 
   2023   2022 
Lease billings and accruals  $131,634,768   $154,535,446 
Provision for doubtful accounts   (42,505,647)   (57,420,480)
Gain on sale of lease receivables   2,814,608    8,821,106 
Lease revenues and fees  $91,943,729   $105,936,072 

 
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.
   December 31, 
   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   4,452,447    3,919,228 
Common Stock Warrants   2,255,184    2,255,184 
Performance Share Units   1,250,000    790,327 
    14,028,557    13,152,568 

 
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 twelve months ended December 31, 2023 and 2022:
   Year ended 
   December 31, 
   2023   2022 
Numerator        
Net (loss)/ income  $(4,233,617)  $13,631,719 
Series 2 Convertible Preferred Stock dividends   (4,103,638)   (3,730,580)
Net loss attributable to common and Series 1 Convertible Preferred Stock   (8,337,255)   9,901,139 
Net income attributable to Series 1 Convertible Preferred Stock   -    (140,374)
Series 2 Convertible Preferred Stock dividends attributable to Series 1 Convertible Preferred Stock   -    38,416 
Net (loss)/ income attributable to common shares - Numerator for basic and diluted EPS  $(8,337,255)  $9,799,181 
Denominator          
Weighted average of common shares outstanding- Denominator for basic EPS   16,260,349    21,646,896 
Effect of dilutive securities:   -    - 
Series 1 Convertible Preferred Stock   -    225,231 
Common stock options and performance share units   -    351,576 
Common stock warrants   -    201,651 
Adjusted weighted average of common shares outstanding and assumed conversions- Denominator diluted EPS   16,260,349    22,425,354 
Basic EPS  $(0.51)  $0.45 
Diluted EPS  $(0.51)  $0.44 
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 December 31, 2023 and December 31, 2022 is as follows:
   Fair Value Measurement Using   Carrying 
Financial instruments – As of December 31, 2023 (1)  Level 1   Level 2   Level 3   Amount 
Loan receivables at fair value  $-   $-   $35,794,290   $48,076,705 
Promissory note related to acquisition   -    -    -    - 
   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 loan payable under the Credit Agreement, the carrying value of loan 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 For Level 3 assets carried at fair value measured on a recurring basis using significant unobservable inputs, the following table presents a reconciliation of the beginning and ending balances for the years ended December 31, 2023 and December 31, 2022:
   Year Ended
December 31,
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   57,554,746    5,519,303 
Interest and fees(1)   14,801,188    16,680,080 
Collections   (80,089,020)   (27,816,669)
Net charge off (1)   (11,041,155)   (10,653,751)
Net change in fair value(1)   21,259,009    1,093,770 
Ending balance  $35,794,290   $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 For Level 3 assets carried at fair value measured on a recurring basis using significant unobservable inputs, the following table presents quantitative information about the inputs used in the fair value measurement as of December 31, 2023 and December 31, 2022:
   December 31, 2023   December 31, 2022 
   Minimum   Maximum   Weighted
Average(2)		   Minimum   Maximum   Weighted
Average		 
Estimated losses(1)   0%   92.5%   28.9%   2.0%   92.4%   40.8%
Servicing costs   -    -    4.7%   -    -    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 December 31, 2023 and December 31, 2022 concerning loan receivables at fair value are as follows:
   December 31,
2023		   December 31,
2022		 
Aggregate fair value of loan receivables that are 90 days or more past due  $27,828,083   $7,147,585 
Unpaid principal balance of loan receivables that are 90 days or more past due   41,208,009    19,834,547 
Aggregate fair value of loan receivables in non-accrual status   27,764,926    6,947,224