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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 4,413,130 $ 6,051,713
Restricted cash 121,636
Lease receivables, net 44,795,090 35,540,043
Loan receivables at fair value 35,794,290 32,932,504
Prepaid expenses and other assets 3,300,677 3,489,136
Lease merchandise, net 29,131,440 31,550,441
Total current assets 117,434,627 109,685,473
Property and equipment, net 9,308,859 8,086,862
Right of use asset net 1,237,010 1,406,270
Intangible assets, net 13,391,305 15,162,349
Other assets, net 2,175,215 1,934,728
Deferred tax asset, net 12,943,361 12,013,828
Total assets 156,490,377 148,289,510
CURRENT LIABILITIES:    
Accounts payable 7,139,848 6,511,943
Accrued payroll and related taxes 578,197 310,820
Accrued expenses 3,972,397 3,988,093
Lease liability - current portion 245,052 208,001
Total current liabilities 12,134,118 12,228,312
Loan payable under credit agreement to beneficial shareholder, net of unamortized issuance costs of $70,780 at December 31,2023 and $352,252 at December 31,2022 96,384,220 80,847,748
Promissory notes to related parties, net of unamortized issuance costs of $649,953 at December 31, 2023 and $0 at December 31, 2022, and net of current portion 10,100,047 10,750,000
Promissory note related to acquisition, net of discount of $1,165,027 at December 31, 2022 3,158,471
Loan payable under Basepoint credit agreement, net of unamortized issuance costs of $92,963 at December 31, 2023 7,319,641
Purchase consideration payable related to acquisition 8,703,684
Lease liabilities, net of current portion 1,321,578 1,566,622
Total liabilities 127,259,604 117,254,837
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value- authorized 40,000,000 shares, issued and outstanding 21,752,304 shares at December 31, 2023 and 21,750,804 shares at December 31, 2022 2,176 2,176
Treasury shares, at cost- 164,029 shares at 2023 (166,757)
Additional paid in capital 42,415,894 39,819,420
Accumulated deficit (35,824,200) (31,590,583)
Total stockholders’ equity 29,230,773 31,034,673
Total liabilities and stockholders' equity 156,490,377 148,289,510
Series 1 Convertible Preferred Stock    
STOCKHOLDERS’ EQUITY    
Convertible preferred stock value 851,660 851,660
Series 2 Convertible Preferred Stock    
STOCKHOLDERS’ EQUITY    
Convertible preferred stock value 21,952,000 21,952,000
Related Party    
CURRENT LIABILITIES:    
Promissory notes to related parties, including accrued interest $ 198,624 $ 1,209,455