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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 31,758,885 $ 24,532,036 $ 65,703,758 $ 55,317,811
Costs and expenses:        
Depreciation and impairment of lease merchandise 13,848,925 14,485,417 28,534,788 29,831,205
Loan origination costs and fees 896,040 1,655,424 1,717,867 3,489,051
Cost of retail revenues 1,059,098 1,670,302
Marketing 2,545,814 1,488,578 4,311,386 2,587,767
Salaries and benefits 4,224,614 2,976,008 8,308,533 5,702,898
Operating expenses 6,807,328 5,957,932 13,739,834 11,585,640
Total costs and expenses 29,381,819 26,563,359 58,282,710 53,196,561
Operating income/ (loss) 2,377,066 (2,031,323) 7,421,048 2,121,250
Interest expense including amortization of debt issuance costs (5,226,155) (4,568,557) (10,541,249) (9,099,884)
Loss before income taxes (2,849,089) (6,599,880) (3,120,201) (6,978,634)
Benefit from income taxes 1,246,030 1,302,225 1,302,963 1,450,764
Net loss (1,603,059) (5,297,655) (1,817,238) (5,527,870)
Dividends on Series 2 Convertible Preferred Shares (1,091,742) (992,493) (2,161,198) (1,964,726)
Net loss attributable to common and Series 1 Convertible Preferred shareholders $ (2,694,801) $ (6,290,148) $ (3,978,436) $ (7,492,596)
Basic and diluted loss per common share:        
Basic (in Dollars per share) $ (0.13) $ (0.29) $ (0.18) $ (0.34)
Diluted (in Dollars per share) $ (0.13) $ (0.29) $ (0.18) $ (0.34)
WEIGHTED AVERAGE COMMON SHARES:        
Basic (in Shares) 21,469,720 21,752,304 21,527,869 21,751,807
Diluted (in Shares) 21,469,720 21,752,304 21,527,869 21,751,807
Lease revenues and fees, net        
Revenues:        
Revenue from Contract with Customer $ 27,074,048 $ 22,906,843 $ 52,907,784 $ 47,621,001
Loan revenues and fees, net of changes in fair value        
Revenues:        
Revenue from Contract with Customer 3,314,375 1,625,193 10,645,652 7,696,810
Retail revenues        
Revenues:        
Revenue from Contract with Customer $ 1,370,462 $ 2,150,322