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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 7,330,542 $ 4,413,130
Lease receivables, net 66,181,471 44,795,090
Loan receivables at fair value 47,116,140 35,794,290
Prepaid expenses and other assets 4,583,392 3,300,677
Lease merchandise, net 24,087,010 29,131,440
Total current assets 149,298,555 117,434,627
Property and equipment, net 9,495,192 9,308,859
Right of use asset, net 1,093,551 1,237,010
Intangible assets, net 12,064,118 13,391,305
Other assets, net 2,528,397 2,175,215
Deferred tax asset, net 12,781,946 12,943,361
Total assets 187,261,759 156,490,377
CURRENT LIABILITIES:    
Accounts payable 3,604,816 7,139,848
Accrued payroll and related taxes 744,371 578,197
Promissory notes to related parties, including accrued interest, and net of unamortized issuance costs of $305,860 at September 30, 2024 10,616,988 198,624
Accrued expenses 3,477,386 3,972,397
Lease liability - current portion 275,029 245,052
Total current liabilities 18,718,590 12,134,118
Promissory notes to related parties, net of unamortized issuance costs of $649,953 at December 31, 2023 and net of current portion 0 10,100,047
Lease liabilities, net of current portion 1,111,740 1,321,578
Total liabilities 157,453,187 127,259,604
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value - authorized 40,000,000 shares, issued 21,988,711 shares at September 30, 2024 and 21,752,304 shares at December 31, 2023 2,200 2,176
Treasury shares, at cost- 526,822 shares at September 30, 2024 and 164,029 shares at December 31, 2023 (563,537) (166,757)
Additional paid in capital 42,841,302 42,415,894
Accumulated deficit (35,275,053) (35,824,200)
Total stockholders’ equity 29,808,572 29,230,773
Total liabilities and stockholders' equity 187,261,759 156,490,377
2024 Credit Agreement    
CURRENT LIABILITIES:    
Loans payable 130,274,365 96,384,220
Basepoint Credit Agreement    
CURRENT LIABILITIES:    
Loans payable 7,348,492 7,319,641
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