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Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,029,851) $ (6,490,293)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,086,556 683,584
Share-based compensation 111,623 455,649
Loss on disposal 60,368
Principal collections on investments in sales-type lease contracts 180,036
Amortization of operating lease expense 12,593
(Increase) Decrease in assets:    
Accounts receivable 232,938 (201,131)
Vehicles purchased for investment in sales-type lease contracts (980,797)
Automotive inventory 531,465 (8,500,797)
Prepaid expenses and other assets (449,821) (309,712)
(Decrease) Increase in liabilities:    
Accounts payable (821,569) 334,495
Other current liabilities 84,705 556,063
NET CASH USED IN OPERATING ACTIVITIES (3,981,754) (13,472,142)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (144,704) (392,684)
Proceeds from sale of assets 43,865
Purchases of intangible assets (54,503) (45,273)
NET CASH USED IN INVESTING ACTIVITIES (155,342) (437,957)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash received from line of credit – related parties 3,200,000 1,775,000
Principal reduction on line of credit - related parties (4,975,000)
Principal repayment of notes and advances payable - related parties (1,091,500)
Cash received from convertible notes payable 1,448,965
Principal and interest repayments on convertible notes payable (972,458) (285,015)
Vehicle floorplan and notes payable 2,164,424
Repurchase of common stock (678,780)
Net cash received from issuance of common stock 10,495,720 13,256,534
Deferred stock offering costs 987,093 (987,093)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 10,220,999 14,116,891
NET INCREASE IN CASH 6,083,903 206,792
CASH, BEGINNING OF YEAR 424,152 217,360
CASH, END OF YEAR 6,508,055 424,152
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the year for interest 44,333 10,545
Issuance of stock converted from debt $ 212,249