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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,577,116 $ 36,324,354
Restricted cash 307,114 265,253
Accounts receivable, net 623,516 447,819
Lease receivable, net 152,463 0
Loans held for investment, net of allowance for credit losses of $563,319 and $689,007 as of June 30, 2025 and December 31, 2024, respectively 4,058,928 3,986,997
Lease merchandise, net of accumulated depreciation of $345,410 and zero and allowances of $716,461 and zero as of June 30, 2025 and December 31, 2024, respectively 774,415 0
Interest receivable 218,479 314,104
Inventory 2,541,262 2,663,397
Prepaid expenses and other current assets 2,923,430 2,835,238
Total current assets 32,176,723 46,837,162
Loans held for investment, net of allowance for credit losses of $83,007 and $127,038 as of June 30, 2025 and December 31, 2024, respectively, non-current 598,096 735,118
Lease merchandise, net of accumulated depreciation of $1,333 and zero and allowances of $45,630 and zero as of June 30, 2025 and December 31, 2024, respectively, non-current 69,986 0
Property and equipment, net 208,062 275,539
Intangible assets, net 20,590,934 15,790,437
Goodwill 10,930,978 10,930,978
Operating lease right-of-use assets 808,511 274,603
Deposits 71,709 50,004
Total assets 65,454,999 74,893,841
Current liabilities:    
Revolving line of credit 4,006,634 3,777,279
Accounts payable 2,850,853 3,503,553
Accrued expenses 1,417,246 1,167,329
Deferred revenue 2,053,848 53,671
Operating lease liabilities, current portion 523,021 122,587
Total current liabilities 10,851,602 8,624,419
Earn-out liabilities 710,000 620,000
Warrant liabilities 2,689,500 10,186,000
Operating lease liabilities 303,004 163,716
Total liabilities 43,003,606 48,043,635
Commitments and contingencies (Note 15)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid in capital 155,160,558 146,746,355
Accumulated deficit (132,713,753) (119,900,428)
Total stockholders’ equity 22,451,393 26,850,206
Total liabilities and stockholders’ equity 65,454,999 74,893,841
Related Party    
Current liabilities:    
Convertible promissory notes 20,000,000 20,000,000
Nonrelated Party    
Current liabilities:    
Convertible promissory notes 8,449,500 8,449,500
Class A Common Stock    
Stockholders’ equity    
Common stock 4,267 3,958
Class C Common Stock    
Stockholders’ equity    
Common stock $ 321 $ 321