Lazydays (GORV) 10-K/A 25 Jun 21 2020 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 18, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	Lazydays Holdings, Inc.
Entity Central Index Key	0001721741
Document Type	10-K/A
Document Period End Date	Dec. 31, 2020
Amendment Flag	true
Amendment Description	This Amendment No. 1 to Form 10-K/A (this "Amendment" or "Form 10-K/A") amends the Lazydays Holdings, Inc. (the "Company") Annual Report on Form 10-K for the year ended December 31, 2020 originally filed with the Securities and Exchange Commission ("SEC") on March 19, 2021 by the Company (the "Original Filing"). This Amendment restates the Company's previously issued consolidated financial statements as of and for the years ended December 31, 2020 and 2019. See Note 2, Restatement of Previously Reported Financial Statements, in Item 8, Financial Statements and Supplementary Data, for additional information. The relevant unaudited interim financial information for each of the quarters during the years ended December 31, 2020 and 2019 has also been restated. See Note 19, Quarterly Financial Data (Unaudited and Restated), in Item 8, Financial Statements and Supplementary Data, for such restated information.
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 45,300
Entity Common Stock, Shares Outstanding		10,757,393
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash	$ 63,512	$ 31,458
Receivables, net of allowance for doubtful accounts of $659 and $382 at December 31, 2020 and December 31, 2019, respectively	19,464	16,025
Inventories	116,267	160,864
Income tax receivable	1,898	326
Prepaid expenses and other	2,740	2,999
Total current assets	203,881	211,672
Property and equipment, net	106,320	86,876
Operating lease assets	15,472
Goodwill	45,095	38,979
Intangible assets, net	72,757	68,854
Other assets	473	255
Total assets	443,998	406,636
Current liabilities
Accounts payable, accrued expenses and other current liabilities	38,781	23,855
Dividends payable	1,210
Floor plan notes payable, net of debt discount	105,399	143,949
Financing liability, current portion	1,462	936
Long-term debt, current portion	24,161	5,993
Operating lease liability, current portion	3,164
Total current liabilities	174,177	174,733
Long term liabilities
Financing liability, non-current portion, net of debt discount	78,634	63,557
Long term debt, non-current portion, net of debt discount	8,445	15,573
Operating lease liability, non-current portion	12,056
Deferred tax liability	15,091	16,450
Warrant liabilities	15,096	747
Total liabilities	303,499	271,060
Commitments and Contingencies
Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020 and December 31, 2019; liquidation preference of $60,000 and $65,910 as of December 31, 2020 and December 31, 2019, respectively	54,983	60,893
Stockholders' Equity
Preferred Stock, $0.0001 par value; 5,000,000 shares authorized;
Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,656,041 and 8,506,666 shares issued and 9,514,742 and 8,428,666 outstanding at December 31, 2020 and December 31, 2019, respectively
Additional paid-in capital	71,226	70,195
Treasury Stock, at cost, 141,299 and 78,000 shares at December 31, 2020 and December 31, 2019, respectively	(499)	(314)
Retained earnings	14,789	4,802
Total stockholders' equity	85,516	74,683
Total liabilities and stockholders' equity	$ 443,998	$ 406,636

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 659				$ 382
Series A convertible preferred stock, shares designated	600,000				600,000
Series A convertible preferred stock, shares issued	600,000				600,000
Series A convertible preferred stock, shares outstanding	600,000				600,000
Series A convertible preferred stock, liquidation preference, value	$ 60,000				$ 65,910
Preferred stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
Common stock, shares issued	9,656,041	9,593,150	8,548,524	8,506,666	8,506,666
Common stock, shares outstanding	9,514,742	9,451,851	8,407,225	8,506,666	8,428,666
Treasury stock, shares	141,299	141,299	141,299	122,729	78,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues
New and pre-owned vehicles	$ 729,872	$ 567,058
Other	87,238	77,854
Total revenues	817,110	644,912
Cost applicable to revenues (excluding depreciation and amortization shown below)
New and pre-owned vehicles (including adjustments to the LIFO reserve of ($93) and $2,445, respectively)	615,954	493,121
Other	22,174	19,612
Total cost applicable to revenue	638,128	512,733
Transaction costs	935	865
Depreciation and amortization	11,262	10,813
Stock-based compensation	1,566	4,864
Selling, general, and administrative expenses	117,681	103,509
Income from operations	47,538	12,128
Other income/expenses
(Loss) gain on sale of property and equipment	(7)	11
Interest expense	(8,047)	(10,328)
Change in fair value of warrant liabilities	(14,494)	3,751
Total other expense	(22,548)	(6,566)
Income before income tax expense	24,990	5,562
Income tax expense	(10,364)	(1,097)
Net income	14,626	4,465
Dividends on Series A Convertible Preferred Stock	(6,283)	(5,910)
Net income attributable to common stock and participating securities	$ 8,343	$ (1,445)
EPS:
Basic and diluted income per share	$ 0.57	$ (0.15)
Weighted average shares outstanding - basic and diluted	9,809,783	9,781,870

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Adjustments to LIFO reserve	$ (93)	$ 2,445

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands		Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]	Total
Balance at Dec. 31, 2018				$ 71,615	$ 337	$ 71,952
Balance, shares at Dec. 31, 2018		8,471,608
Stock-based compensation				4,864		4,864
Repurchase of unit purchase options				(500)		(500)
Repurchase of Treasury Stock			$ (314)			(314)
Repurchase of Treasury Stock, shares			78,000
Shares issued pursuant to the Employee Stock Purchase Plan				126		126
Shares issued pursuant to the Employee Stock Purchase Plan, shares		35,058
Dividends on Series A preferred stock				(5,910)		(5,910)
Net income					4,465	4,465
Balance at Dec. 31, 2019			$ (314)	70,195	4,802	74,683
Balance, shares at Dec. 31, 2019		8,506,666	78,000
Net income	[1]					3,399
Balance at Mar. 31, 2020						76,973
Balance at Dec. 31, 2019			$ (314)	70,195	4,802	74,683
Balance, shares at Dec. 31, 2019		8,506,666	78,000
Net income						8,709
Balance at Jun. 30, 2020						81,049
Balance at Dec. 31, 2019			$ (314)	70,195	4,802	74,683
Balance, shares at Dec. 31, 2019		8,506,666	78,000
Net income						12,409
Balance at Sep. 30, 2020						83,223
Balance at Dec. 31, 2019			$ (314)	70,195	4,802	74,683
Balance, shares at Dec. 31, 2019		8,506,666	78,000
Stock-based compensation				1,566		1,566
Repurchase of Treasury Stock			$ (185)			(185)
Repurchase of Treasury Stock, shares			63,299
Shares issued pursuant to the Employee Stock Purchase Plan				335		335
Shares issued pursuant to the Employee Stock Purchase Plan, shares		42,194
Conversion of pre-funded warrants, warrants and options				774		774
Conversion of pre-funded warrants, warrants and options, shares		1,107,181
Dividends on Series A preferred stock				(1,644)	(4,639)	(6,283)
Net income					14,626	14,626
Balance at Dec. 31, 2020			$ (499)	$ 71,226	$ 14,789	85,516
Balance, shares at Dec. 31, 2020		9,656,041	141,299
Balance at Mar. 31, 2020						76,973
Net income	[1]					5,310
Balance at Jun. 30, 2020						81,049
Net income	[1]					3,700
Balance at Sep. 30, 2020						$ 83,223
[1]	Due to the impact of the restatement described in Note 2, amounts presented herein do not agree to amounts included within previously filed Form 10-Q's. For the quarters ended March 31, June 30, and September 30, 2020: Net income has been adjusted by $412, ($2,758), and ($7,899), respectively; loss per share - basic and diluted has been adjusted by $0.04, ($0.14), and ($0.42), respectively. For the quarters ended March 31, June 30 and September 30, 2019: Net income has been adjusted by $1,955, $1,954 and ($74), respectively; loss per share - basic and diluted has been adjusted by $0.13, $0.12, and ($0.01), respectively. For the quarters ended March 31, June 30 and September 20, 2018: Net income has been adjusted by ($249), ($237), and $1,284, respectively; loss per share - basic and diluted has been adjusted by ($0.03), ($0.02), and $0.14, respectively.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities
Net income	$ 14,626	$ 4,465
Adjustments to reconcile net income to net cash provided by operating activities:
Stock based compensation	1,566	4,864
Bad debt expense	320	339
Depreciation and amortization of property and equipment	6,682	6,848
Amortization of operating lease assets	3,632
Amortization of intangible assets	4,580	3,965
Amortization of debt discount	109	220
Non-cash lease expense	186
Loss (gain) on sale of property and equipment	7	(11)
Deferred income taxes	(1,360)	(2,267)
Change in fair value of warrant liabilities	14,494	(3,751)
Changes in operating assets and liabilities:
Receivables	(2,396)	629
Inventories	63,357	21,477
Prepaid expenses and other	426	291
Income tax receivable/payable	(1,572)	2,304
Other assets	(215)	103
Accounts payable, accrued expenses and other current liabilities	10,192	(554)
Operating lease liability	(3,567)
Total Adjustments	96,441	34,457
Net Cash Provided By Operating Activities	111,067	38,922
Cash Flows From Investing Activities
Cash paid for acquisitions	(16,653)	(2,568)
Proceeds from sales of property and equipment	4,970	37
Purchases of property and equipment	(18,641)	(16,875)
Net Cash Used In Investing Activities	(30,324)	(19,406)
Cash Flows From Financing Activities
Net repayments under M&T bank floor plan	(59,442)	(11,151)
Borrowings under Houston mortgage with M&T bank and PPP Loans	14,840
Repayment of long term debt with M&T bank	(2,303)	(2,900)
Proceeds from financing liability	12,772	3,972
Repayments of financing liability	(1,101)	(730)
Payment of dividends on Series A preferred stock	(10,983)	(1,210)
Repurchase of Unit Purchase Options		(500)
Repurchase of Treasury Stock	(185)	(314)
Proceeds from shares issued pursuant to the Employee Stock Purchase Plan	335	126
Proceeds from exercise of stock options	629
Proceeds from acquisition note payable
Repayments of acquisition notes payable	(3,102)	(1,930)
Loan issuance costs	(149)	(24)
Net Cash Used In Financing Activities	(48,689)	(14,661)
Net Increase In Cash	32,054	4,855
Cash - Beginning	31,458	26,603
Cash - Ending	63,512	31,458
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	8,176	10,120
Cash paid during the period for income taxes net of refunds received	13,296	1,061
Non-Cash Investing and Financing Activities
Rental vehicles transferred to inventory, net		2,792
Fixed assets purchased with accounts payable	3,534	1,546
Accrued dividends on Series A Preferred Stock	1,210	5,910
Operating lease assets - ASC 842 adoption	(17,781)
Operating lease liabilities - ASC 842 adoption	17,845
Operating lease assets - new	(756)
Operating lease liabilities - new	756
Notes payable incurred in acquisitions	1,600	3,045
Net assets acquired in acquisitions	$ 12,137	$ 5,613

Business Organization and Natur

Business Organization and Nature of Operations	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Organization and Nature of Operations	NOTE 1 – BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Lazydays Holdings, Inc. (“Holdings”), a Delaware corporation, which was originally formed on October 24, 2017, as a wholly owned subsidiary of Andina Acquisition Corp. II (“Andina”), an exempted company incorporated in the Cayman Islands on July 1, 2015 for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more business targets. On October 27, 2017, a merger agreement was entered into by and among Andina, Andina II Holdco Corp. (“Holdco”), a Delaware corporation and wholly-owned subsidiary of Andina, Andina II Merger Sub Inc., a Delaware corporation, and a wholly-owned subsidiary of Holdco (“Merger Sub”), Lazy Days’ R.V. Center, Inc. (and its subsidiaries), a Delaware corporation (“Lazydays RV”), and solely for certain purposes set forth in the merger agreement, A. Lorne Weil (the “Merger Agreement”). The Merger Agreement provided for a business combination transaction by means of (i) the merger of Andina with and into Holdco, with Holdco surviving, changing its name to Lazydays Holdings, Inc. and becoming a new public company (the “Redomestication Merger”) and (ii) the merger of Lazydays RV with and into Merger Sub with Lazydays RV surviving and becoming a direct wholly-owned subsidiary of Holdings (the “Transaction Merger” and together with the Redomestication Merger, the “Mergers”). On March 15, 2018, the Mergers were consummated. Lazydays RV has subsidiaries that operate recreational vehicle (“RV”) dealerships in ten locations including two in the state of Florida, two in the state of Colorado, two in the state of Arizona, one in the state of Tennessee, one in the state of Minnesota and two in the state of Indiana. Lazydays RV also has a dedicated service center location near Houston, Texas which opened in February 2020. Through its subsidiaries, Lazydays RV sells and services new and pre-owned recreational vehicles, and sells related parts and accessories. It also offers to its customers such ancillary services as extended service contracts, overnight campground and restaurant facilities. The Company also arranges financing for vehicle sales through third-party financing sources and extended warranty providers.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The consolidated financial statements for the years ended December 31, 2020 and 2019 include the accounts of Holdings, Lazydays RV and its wholly owned subsidiary LDRV Holdings Corp. LDRV Holdings Corp is the sole owner of Lazydays Land Holdings, LLC, Lazydays Tampa Land Holdings, LLC, Lazydays RV America, LLC, Lazydays RV Discount, LLC, Lazydays Mile Hi RV, LLC, Lazydays of Minneapolis LLC, LDRV of Tennessee LLC, Lone Star Acquisition LLC, Lone Star Diversified LLC, LDRV Acquisition Corp of Nashville LLC, LDRV of Nashville LLC, Lazydays RV of Phoenix, LLC, Lazydays RV of Elkhart, LLC, Lazydays Land of Elkhart, LLC, Lazydays Service of Elkhart, LLC, Lazydays RV of Chicagoland, LLC and Lazydays Land of Chicagoland, LLC (collectively, the “Company” or “Lazydays”). All significant inter-company accounts and transactions have been eliminated in consolidation. Restatement of Previously Reported Financial Statements On April 12, 2021, in the SEC Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) (the “SEC Staff Statement”), the SEC staff clarified its interpretations of certain generally accepted accounting principles related to certain terms that are common in warrants issued in connection with the initial public offerings of SPACs. The SEC Staff Statement addressed certain accounting and reporting considerations related to warrants of a kind similar to those issued by the Company that preclude the warrants from being classified as components of equity. In May 2021, management of the Company concluded that the Company’s previously issued consolidated financial statements for the years ended December 31, 2020, 2019 and 2018 and for each of the interim quarterly periods therein (the “Non-Reliance Period”) should no longer be relied upon. As such, the Company is restating its financial statements in this Annual Report on Form 10-K/A to make the necessary accounting adjustments related to the accounting for certain previously issued warrants to conform with the SEC Staff Statement described below. These warrants include (i) warrants to purchase 155,000 shares of common stock at a price of $11.50 per share issued in a private placement concurrently with the merger on March 15. 2018 (the “Private Warrants”) and (ii) warrants to purchase 2,522,458 shares of common stock at a price of $11.50 per share issued in connection with the Private Investment in Public Equity (PIPE) transaction that occurred with the merger on March 15, 2018. (the “PIPE Warrants”). Since issuance, these warrants were classified within equity in the Company’s financial statements. A third class of warrants, the Company’s Public Warrants issued in connection with the merger on March 15, 2018, were evaluated and determined to be properly stated as equity. As clarified by the SEC staff interpretation of Accounting Standards Codification 815-40, Contracts in an Entity’s Own Equity, (“ASC 815-40”), the Company’s Private Warrants and PIPE Warrants are classified as liabilities with changes in the estimated fair values of the derivative instruments reported in the statement of operations. As a result of the above, the Company has restated its consolidated financial statements for the Non-Reliance Period to reflect (i) the Private Warrants as liabilities for all periods presented and (ii) the PIPE Warrants as liabilities for all periods presented. The impact of the restatement on the consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows for the Non-Reliance Period is presented below. The restatement had no impact on net cash flows from operating, investing or financing activities. The tables below set forth certain consolidated balance sheet amounts originally reported, adjustments, and the restated amounts as of December 31, 2020 and 2019. December 31. 2020 As Previously Reported Restatement As Restated Total Assets $ 443,998 $ - $ 443,998 Liabilities and Stockholder’ Equity Total current liabilities $ 174,177 $ - 174,177 Financing liability, non-current portion, net of debt discount 78,634 - 78,634 Long term debt, non-current portion, net of debt discount 8,445 - 8,445 Operating lease liability, non-current portion 12,056 - 12,056 Deferred tax liability 15,091 - 15,091 Warrant liabilities - 15,096 15,096 Total liabilities 288,403 15,096 303,499 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,656,041 shares issued and 9,514,742 outstanding at December 31, 2020 - - - Additional paid-in capital 80,072 (8,846 ) 71,226 Treasury Stock, at cost, 141,299 shares at December 31, 2020 (499 ) - (499 ) Retained earnings 21,039 (6,250 ) 14,789 Total stockholders’ equity 100,612 (15,096 ) 85,516 Total liabilities and stockholders’ equity $ 443,998 $ - $ 443,998 December 31. 2019 As Previously Reported Restatement As Restated Total Assets $ 406,636 $ - $ 406,636 Liabilities and Stockholder’ Equity Total current liabilities $ 174,733 $ - 174,733 Financing liability, non-current portion, net of debt discount 63,557 - 63,557 Long term debt, non-current portion, net of debt discount 15,573 - 15,573 Operating lease liability, non-current portion - - - Deferred tax liability 16,450 - 16,450 Warrant liabilities - 747 747 Total liabilities 270,313 747 271,060 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2019; liquidation preference of $65,910 as of December 31, 2019 60,893 - 60,893 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and 8,428,666 outstanding at December 31, 2019 - - - Additional paid-in capital 79,186 (8,991 ) 70,195 Treasury Stock, at cost, 78,000 shares at December 31, 2019 (314 ) - (314 ) Retained earnings (3,442 ) 8,244 4,802 Total stockholders’ equity 75,430 (747 ) 74,683 Total liabilities and stockholders’ equity $ 406,636 $ - $ 406,636 The tables below set forth the consolidated statements of operations amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Income from Operations $ 47,538 $ - $ 47,538 Other income/expenses Loss on sale of property and equipment (7 ) - (7 ) Interest expense (8,047 ) - (8,047 ) Change in fair value of warrant liabilities - (14,494 ) (14,494 ) Total other expense (8,054 ) (14,494 ) (22,548 ) Income before income tax expense 39,484 (14,494 ) 24,990 Income tax expense (10,364 ) - (10,364 ) Net income $ 29,120 $ (14,494 ) $ 14,626 Dividends of Series A Convertible Preferred Stock (6,283 ) - (6,283 ) Net income (loss) attributable to common stock and participating securities $ 22,837 $ (14,494 ) $ 8,343 EPS: Basic and diluted income (loss) per share $ 1.56 $ (0.99 ) $ 0.57 Weighted average shares outstanding basic and diluted 9,809,783 9,809,783 9,809,783 December 31. 2019 As Previously Reported Restatement As Restated Income from Operations $ 12,128 $ - $ 12,128 Other income/expenses Gain on sale of property and equipment 11 - 11 Interest expense (10,328 ) - (10,328 ) Change in fair value of warrant liabilities - 3,751 3,751 Total other expense (10,317 ) 3,751 (6,566 ) Income before income tax expense 1,811 3,751 5,562 Income tax expense (1,097 ) - (1,097 ) Net income $ 714 $ 3,751 $ 4,465 Dividends of Series A Convertible Preferred Stock (5,910 ) - (5,910 ) Net income (loss) attributable to common stock and participating securities $ (5,196 ) $ 3,751 $ (1,445 ) EPS: Basic and diluted income (loss) per share $ (0.53 ) $ 0.38 $ (0.15 ) Weighted average shares outstanding basic and diluted 9,781,870 9,781,870 9,781,870 December 31. 2018 As Previously Reported Restatement As Restated Income from Operations $ 7,698 $ - $ 7,698 Other income/expenses Gain on sale of property and equipment 1 - 1 Interest expense (8,001 ) - (8,001 ) Change in fair value of warrant liabilities - 4,493 4,493 Total other expense (8,000 ) 4,493 (3,507 ) Income before income tax expense (302 ) 4,493 4,191 Income tax expense (2,318 ) - (2,318 ) Net income $ (2,620 ) $ 4,493 $ 1,873 Dividends of Series A Convertible Preferred Stock (3,845 ) - (3,845 ) Deemed dividend on Series A Convertible Preferred Stock (3,392 ) (3,392 ) Net income (loss) attributable to common stock and participating securities $ (9,857 ) $ 4,493 $ (5,364 ) EPS: Basic and diluted income (loss) per share $ (1.02 ) $ 0.47 $ (0.55 ) Weighted average shares outstanding basic and diluted 9,668,250 9,668,250 9,668,250 The tables below set forth the consolidated statements of cash flow amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Net Income $ 29,120 $ (14,494 ) $ 14,626 Adjustments to reconcile net income to net cash provided by operating activities: 81,947 81,947 Change in fair value of warrant liabilities - 14,494 14,494 Net cash provided by operating activities 111,067 - 111,067 Net cash used in investing activities (30,324 ) - (30,324 ) Net cash used in financing activities (48,689 ) - (48,689 ) Net change in cash and cash equivalents 32,054 - 32,054 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 63,512 $ - $ 63,512 December 31. 2019 As Previously Reported Restatement As Restated Net Income $ 714 $ 3,751 $ 4,465 Adjustments to reconcile net income to net cash provided by operating activities: 38,208 38,208 Change in fair value of warrant liabilities - (3,751 ) (3,751 ) Net cash provided by operating activities 38,922 - 38,922 Net cash used in investing activities (19,406 ) - (19,406 ) Net cash used in financing activities (14,661 ) - (14,661 ) Net change in cash and cash equivalents 4,855 - 4,855 Cash - Beginning 26,603 - 26,603 Cash - Ending $ 31,458 $ - $ 31,458 December 31. 2018 As Previously Reported Restatement As Restated Net Income $ (2,620 ) $ 4,493 $ 1,873 Adjustments to reconcile net income to net cash provided by operating activities: (12,706 ) (12,706 ) Change in fair value of warrant liabilities - (4,493 ) (4,493 ) Net cash used in operating activities (15,326 ) - (15,326 ) Net cash used in investing activities (95,876 ) - (95,876 ) Net cash provided by financing activities 127,134 - 127,134 Net change in cash and cash equivalents 15,932 - 15,932 Cash - Beginning 10,671 - 10,671 Cash - Ending $ 26,603 $ - $ 26,603 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and nine months ended September 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the nine months ended September 30, 2020. September 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 397,905 $ - $ 397,905 Liabilities and Stockholder’ Equity Total current liabilities $ 137,808 $ - 137,808 Financing liability, non-current portion, net of debt discount 71,095 - 71,095 Long term debt, non-current portion, net of debt discount 10,512 - 10,512 Operating lease liability, non-current portion 12,841 - 12,841 Deferred tax liability 16,451 - 16,451 Warrant liabilities - 10,992 10,992 Total liabilities 248,707 10,992 259,699 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,593,150 shares issued and 9,451,851 outstanding at September 30, 2020 - - - Additional paid-in capital 78,931 (8,991 ) 69,940 Treasury Stock, at cost, 141,299 shares at September 30, 2020 (499 ) - (499 ) Retained earnings 15,783 (2,001 ) 13,782 Total stockholders’ equity 94,215 (10,992 ) 83,223 Total liabilities and stockholders’ equity $ 397,905 $ - $ 397,905 Three months ended September 30, 2020 (Unaudited) Nine months ended September 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 17,532 $ - $ 17,532 $ 36,944 $ - $ 36,944 Other income/expenses Loss on sale of property and equipment - - - (8 ) - (8 ) Interest expense (1,749 ) - (1,749 ) (6,262 ) - (6,262 ) Change in fair value of warrant liabilities - (7,899 ) (7,899 ) - (10,245 ) (10,245 ) Total other expense (1,749 ) (7,899 ) (9,648 ) (6,270 ) (10,245 ) (16,515 ) Income before income tax expense 15,783 (7,899 ) 7,884 30,674 (10,245 ) 20,429 Income tax expense (4,184 ) - (4,184 ) (8,020 ) - (8,020 ) Net income $ 11,599 $ (7,899 ) $ 3,700 $ 22,654 $ (10,245 ) $ 12,409 Dividends of Series A Convertible Preferred Stock (1,745 ) - (1,745 ) (5,073 ) - (5,073 ) Net income (loss) attributable to common stock and participating securities $ 9,854 $ (7,899 ) $ 1,955 $ 17,581 $ (10,245 ) $ 7,336 EPS: Basic and diluted income (loss) per share $ 0.55 $ (0.42 ) $ 0.13 $ 1.00 $ (0.50 ) $ 0.50 Weighted average shares outstanding basic and diluted 10,807,368 10,807,368 10,807,368 10,747,370 10,747,370 10,747,370 Nine Months Ended September 30, 2020 As Previously Reported Restatement As Restated Net Income $ 22,654 $ (10,245 ) $ 12,409 Adjustments to reconcile net income to net cash provided by operating activities: 119,247 119,247 Change in fair value of warrant liabilities - 10,245 10,245 Net cash provided by operating activities 141,901 - 141,901 Net cash used in investing activities (7,005 ) - (7,005 ) Net cash used in financing activities (84,700 ) - (84,700 ) Net change in cash and cash equivalents 50,196 - 50,196 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 81,654 $ - $ 81,654 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and six months ended June 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the six months ended June 30, 2020. June 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 414,722 $ - $ 414,722 Liabilities and Stockholder’ Equity Total current liabilities $ 149,211 $ - 149,211 Financing liability, non-current portion, net of debt discount 71,403 - 71,403 Long term debt, non-current portion, net of debt discount 15,679 - 15,679 Operating lease liability, non-current portion 13,616 - 13,616 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 3,093 3,093 Total liabilities 266,359 3,093 269,452 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 64,221 - 64,221 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,548,524 shares issued and 8,407,225 outstanding at June 30, 2020 - - - Additional paid-in capital 78,712 (8,991 ) 69,721 Treasury Stock, at cost, 141,299 shares at June 30, 2020 (499 ) - (499 ) Retained earnings 5,929 5,898 11,827 Total stockholders’ equity 84,142 (3,093 ) 81,049 Total liabilities and stockholders’ equity $ 414,722 $ - $ 414,722 Three months ended June 30, 2020 (Unaudited) Six months ended June 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 12,628 $ - $ 12,628 $ 19,412 $ - $ 19,412 Other income/expenses Loss on sale of property and equipment (6 ) - (6 ) (8 ) - (8 ) Interest expense (2,018 ) - (2,018 ) (4,513 ) - (4,513 ) Change in fair value of warrant liabilities - (2,758 ) (2,758 ) - (2,346 ) (2,346 ) Total other expense (2,024 ) (2,758 ) (4,782 ) (4,521 ) (2,346 ) (6,867 ) Income before income tax expense 10,604 (2,758 ) 7,846 14,891 (2,346 ) 12,545 Income tax expense (2,536 ) - (2,536 ) (3,836 ) - (3,836 ) Net income $ 8,068 $ (2,758 ) $ 5,310 $ 11,055 $ (2,346 ) $ 8,709 Dividends of Series A Convertible Preferred Stock (1,684 ) - (1,684 ) (3,328 ) - (3,328 ) Net income attributable to common stock and participating securities $ 6,384 $ (2,758 ) $ 3,626 $ 7,727 $ (2,346 ) $ 5,381 EPS: Basic and diluted income per share $ 0.39 $ (0.14 ) $ 0.25 $ 0.48 $ (0.10 ) $ 0.38 Weighted average shares outstanding basic and diluted 9,715,677 9,715,677 9,715,677 9,736,133 9,736,133 9,736,133 Six Months Ended June 30, 2020 As Previously Reported Restatement As Restated Net Income $ 11,055 $ (2,346 ) $ 8,709 Adjustments to reconcile net income to net cash provided by operating activities: 72,555 72,555 Change in fair value of warrant liabilities - 2,346 2,346 Net cash provided by operating activities 83,610 - 83,610 Net cash used in investing activities (765 ) - (765 ) Net cash used in financing activities (52,253 ) - (52,253 ) Net change in cash and cash equivalents 30,592 - 30,592 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 62,050 $ - $ 62,050 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three months ended March 31, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the three months ended March 31, 2020. March 31, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 428,130 $ - $ 428,130 Liabilities and Stockholder’ Equity Total current liabilities $ 181,526 $ - 181,526 Financing liability, non-current portion, net of debt discount 68,158 - 68,158 Long term debt, non-current portion, net of debt discount 7,746 - 7,746 Operating lease liability, non-current portion 14,405 - 14,405 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 335 335 Total liabilities 288,285 335 288,620 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 62,537 - 62,537 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and outstanding at March 31, 2020 - - - Additional paid-in capital 78,222 (8,991 ) 69,231 Treasury Stock, at cost, 122,729 shares at March 31, 2020 (459 ) - (459 ) (Accumulated deficit) Retained earnings (455 ) 8,656 8,201 Total stockholders’ equity 77,308 (335 ) 76,973 Total liabilities and stockholders’ equity $ 428,130 $ - $ 428,130 Three months ended March 31, 2020 (Unaudited) As Previously Reported Restatement As Restated Income from Operations $ 6,784 $ - $ 6,784 Other income/expenses Loss on sale of property and equipment (2 ) - (2 ) Interest expense (2,495 ) - (2,495 ) Change in fair value of warrant liabilities - 412 412 Total other expense (2,497 ) 412 (2,085 ) Income before income tax expense 4,287 412 4,699 Income tax expense (1,300 ) - (1,300 ) Net income $ 2,987 $ 412 $ 3,399 Dividends of Series A Convertible Preferred Stock (1,644 ) - (1,644 ) Net income attributable to common stock and participating securities $ 1,343 $ 412 $ 1,755 EPS: Basic and diluted income per share $ 0.08 $ 0.04 $ 0.12 Weighted average shares outstanding basic and diluted 9,757,036 9,757,036 9,757,036 Three Months Ended March 31, 2020 As Previously Reported Restatement As Restated Net Income $ 2,987 $ 412 $ 3,399 Adjustments to reconcile net income to net cash provided by operating activities: 13,140 13,140 Change in fair value of warrant liabilities - (412 ) (412 ) Net cash provided by operating activities 16,127 - 16,127 Net cash provided by investing activities 3,158 - 3,158 Net cash used in financing activities (7,474 ) - (7,474 ) Net change in cash and cash equivalents 11,811 - 11,811 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 43,269 $ - $ 43,269 Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the assumptions used in the valuation of the net assets acquired in business combinations, goodwill and other intangible assets, provision for charge-backs, inventory write-downs, the allowance for doubtful accounts and stock-based compensation. Cash and Cash Equivalents The Company considers all short-term, highly liquid investments purchased with a maturity date of three months or less to be cash equivalents. The carrying amount approximates fair value because of the short-term maturity of these instruments. Cash consists of business checking accounts with its banks, the first $250 of which is insured by the Federal Deposit Insurance Corporation. There are no cash equivalents as of December 31, 2020 and 2019. Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued accounting standard updates which clarified principles for recognizing revenue arising from contracts with customers (Accounting Standards Codification (“ASC”) 606 (“ASC 606”). The core principle of the revenue standard is that an entity recognizes revenue to depict the transfer of promised goods or services to clients in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance applies a five-step model for revenue measurement and recognition and also requires increased disclosures including the nature, amount, timing, and uncertainty of revenue and cash flows related to contracts with clients. The Company adopted the new revenue recognition standard at the beginning of the first quarter of fiscal 2019 using the modified retrospective method of adoption and applied the guidance to those contracts that were not completed as of December 31, 2018. Based on the evaluation, the Company did not identify customer contracts which will require different recognition under the new guidance. Revenues are recognized when control of the promised goods or services is transferred to the customers at the expected amount the Company is entitled to for such goods and services. Taxes collected on revenue producing transactions are excluded from revenue in the consolidated statements of operations. The following table represents the Company’s disaggregation of revenue: For the year ended For the year ended December 31, 2020 December 31, 2019 New vehicle revenue $ 479,611 $ 353,228 Preowned vehicle revenue 250,261 213,830 Parts, accessories, and related services 38,630 35,607 Finance and insurance revenue 45,123 36,698 Campground, rental, and other revenue 3,485 5,549 $ 817,110 $ 644,912 Revenue from the sale of vehicle contracts is recognized at a point in time on delivery, transfer of title and completion of financing arrangements. Revenue from the sale of parts, accessories, and related service is recognized as services and parts are delivered or as a customer approves elements of the completion of service. Revenue from the sale of parts, accessories, and related service is recognized in other revenue in the accompanying consolidated statements of operations. Revenue from the rental of vehicles is recognized pro rata over the period of the rental agreement. The rental agreements are generally short-term in nature. Revenue from rentals is included in other revenue in the accompanying consolidated statements of operations for the year ended December 31, 2019 during which the rental business was discontinued. Campground revenue is also recognized over the time period of use of the campground. The Company receives commissions from the sale of insurance and vehicle service contracts to customers. In addition, the Company arranges financing for customers through various financial institutions and receives commissions. The Company may be charged back (“charge-backs”) for financing fees, insurance or vehicle service contract commissions in the event of early termination of the contracts by the customers. The revenues from financing fees and commissions are recorded at the time of the sale of the vehicles and an allowance for future charge-backs is established based on historical operating results and the termination provision of the applicable contracts. The estimates for future chargebacks require judgment by management, and as a result, there is an element of risk associated with these revenue streams. The Company recognized finance and insurance revenues, less the addition to the charge-back allowance, which is included in other revenue as follows: For the year ended For the year ended December 31, 2020 December 31, 2019 Gross finance and insurance revenues $ 50,341 $ 41,169 Additions to charge-back allowance (6,217 ) (4,471 ) Net Finance Revenue $ 44,124 $ 36,698 The Company has an accrual for charge-backs which totaled $5,553 and $4,221 at December 31, 2020 and December 31, 2019, respectively, and is included in “Accounts payable, accrued expenses, and other current liabilities” in the accompanying consolidated balance sheets. Deposits on vehicles received in advance are accounted for as a liability and recognized into revenue upon completion of each respective transaction. These contract liabilities are included in Note 9 – Accounts Payable, Accrued Expenses, and Other Current Liabilities as customer deposits. During the year ended December 31, 2020, substantially all of the contract liabilities as of December 31, 2019 were either recognized in revenue or cancelled. Occupancy Costs As a retail merchandising organization, the Company has elected to classify occupancy costs as selling, general and administrative expense in the consolidated statements of operations. Shipping and Handling Fees and Costs The Company reports shipping and handling costs billed to customers as a component of revenues, and related costs are reported as a component of costs applicable to revenues. For the years ended December 31, 2020 and December 31, 2019, respectively, shipping and handling included as a component of revenue were $3,262 and $2,284. Receivables The Company sells to customers and arranges third-party financing, as is customary in the industry. Interest is not normally charged on receivables. Management establishes an allowance for doubtful accounts based on its historic loss experience and current economic conditions. Losses are charged to the allowance when management deems further collection efforts will not produce additional recoveries. Inventories Vehicle and parts inventories are recorded at the lower of cost or net realizable value, with cost determined by the last-in, first-out (“LIFO”) method. Cost includes purchase costs, reconditioning costs, dealer-installed accessories, and freight. For vehicles accepted in trades, the cost is the fair value of such used vehicles at the time of the trade-in. Retail parts, accessories, and other inventories primarily consist of retail travel and leisure specialty merchandise. The current replacement costs of LIFO inventories exceeded their recorded values by $3,627 and $3,719 as of December 31, 2020 and 2019, respectively. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged to expense in the period incurred. Improvements and additions are capitalized. Depreciation of property and equipment is provided using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the lesser of the useful life of the asset or the term of the lease. Useful lives range from 2 to 39 years for buildings and improvements and from 2 to 12 years for vehicles and equipment. Goodwill and Intangible Assets The Company’s goodwill, trade names and trademarks are deemed to have indefinite lives, and accordingly are not amortized, but are evaluated at least annually for impairment and more often whenever changes in facts and circumstances may indicate that the carrying value may not be recoverable. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining fair value. Significant judgment is required to estimate the fair value of reporting units which includes estimating future cash flows, determining appropriate discount rates, consideration of the Company’s aggregate fair value, and other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value and/or goodwill impairment. When testing goodwill for impairment, the Company may assess qualitative factors for some or all of our reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of the reporting unit is less than the carrying amount, including goodwill. Alternatively, the Company may bypass this qualitative assessment for some or all our reporting units and perform a detailed quantitative test of impairment (Step 1). If the Company performs the detailed quantitative impairment test and the carrying amount of the reporting unit exceeds its fair value, the Company would perform an analysis, (Step 2) to measure such impairment. At December 31, 2020, the Company performed a qualitative assessment to identify and evaluate events and circumstances to conclude whether it is more likely than not that the fair value of the Company’s reporting units is less than their carrying amounts. Based on the Company’s qualitative assessments, the Company concluded that a positive assertion can be made that it is more likely than not that the fair value of the reporting units exceeded their carrying values and no impairments were identified at December 31, 2020. The Company’s manufacturer and customer relationships are amortized over their estimated useful lives on a straight-line basis. The estimated useful lives are 7 to 12 years for both the manufacturer and customer relationships. Vendor Allowances As a component of the Company’s consolidated procurement program, the Company frequently enters into contracts with vendors that provide for payments of rebates. These vendor payments are reflected in the carrying value of the inventory when earned or as progress is made toward earning the rebates and as a component of costs of sales as the inventory is sold. Certain of these vendor contracts provide for rebates that are contingent upon the Company meeting specified performance measures such as a cumulative level of purchases over a specified period of time. Such contingent rebates are given accounting recognition at the point at which achievement of the specified performance measures is deemed to be probable and reasonably estimable. Financing Costs Debt financing costs are recorded as a debt discount and are amortized over the term of the related debt. Amortization of debt discount included in interest expense was $170 and $220 for the years ended December 31, 2020 and December 31, 2019, respectively. Impairment of Long-Lived Assets The Company evaluates the carrying value of long-lived assets whenever events or changes in circumstances indicate that intangible asset’s carrying amount may not be recoverable. Such circumstances could

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Business Combinations	NOTE 3 – BUSINESS COMBINATIONS Acquisitions of Dealerships On August 1, 2019, the Company consummated its asset purchase agreement with Alliance Coach Inc. (“Alliance”). The purchase price consisted of cash and a note payable to the seller of Alliance. The note payable is a two year note which matures on August 1, 2021, which requires monthly payments of $134 in principal and interest. The note bears interest at 5.0% per year. As part of the acquisition, the Company acquired the inventory of Alliance and has added the inventory to the M&T Floor Plan Line of Credit. On May 19, 2020, the Company consummated its asset purchase agreement with Korges Enterprises, Inc. (“Korges”). The purchase price consisted solely of cash paid to Korges. As part of the acquisition, the Company acquired the inventory of Korges and has added the inventory to the M&T Floor Plan Line of Credit (as defined below). On October 6, 2020, the Company consummated its asset purchase agreement with Total Value Recreation Vehicles of Indiana, Inc. (“Total RV”). The purchase price consisted solely of cash paid to Total RV. As part of the acquisition, the Company acquired the inventory of Total RV and has added the inventory to the M&T Floor Plan Line of Credit (as defined below). On December 1, 2020, the Company consummated its asset purchase agreement with Camp-Land, Inc. (“Camp-Land”). The purchase price consisted of cash paid to Camp-Land and a note payable to the seller of Camp-Land. The note payable is a four year note which matures on January 5, 2025, which requires annual payments of $435 in principal and interest. The note bears interest at 3.25% per year. As part of the acquisition, the Company acquired the inventory of Camp-Land and has added the inventory to the M&T Floor Plan Line of Credit (as defined below). The Company accounted for the asset purchase agreements as business combinations using the purchase method of accounting as it was determined that Alliance, Korges, Total RV and Camp-Land each constituted a business. As a result, the Company determined its preliminary allocation of the fair value of the assets acquired and the liabilities assumed for these dealerships as follows: 2020 2019 Inventories $ 18,932 $ 12,171 Accounts receivable and prepaid expenses 1,167 53 Property and equipment 5,417 77 Intangible assets 8,480 2,630 Total assets acquired 33,996 14,931 Accounts payable, accrued expenses and other current liabilities 1,004 243 Floor plan notes payable 20,855 11,434 Total liabilities assumed 21,859 11,677 Net assets acquired $ 12,137 $ 3,254 The fair value of consideration paid was as follows: 2020 2019 Purchase Price: $ 16,653 $ 2,568 Cash consideration paid (107 ) Note payable issued to former owners 1,600 3,045 $ 18,253 $ 5,506 Goodwill represents the excess of the purchase price over the estimated fair value assigned to tangible and identifiable intangible assets acquired and liabilities assumed from Alliance, Korges, Total RV and Camp-Land. Goodwill associated with the transaction is detailed below: 2020 2019 Total consideration $ 18,253 $ 5,506 Less net assets acquired 12,137 3,254 Goodwill $ 6,116 $ 2,252 The following table summarizes the Company’s allocation of the purchase price to the identifiable intangible assets acquired as of the date of the closing during 2019. Gross Asset Amount at Weighted Average Amortization Period in Years Customer Lists $ 230 7 years Dealer Agreements $ 2,400 7 years The following table summarizes the Company’s preliminary allocation of the purchase price to the identifiable intangible assets acquired as of the date of the closing during 2020 Gross Asset Amount at Acquisition Date Weighted Average Amortization Period in Years Customer Lists $ 250 8-10 years Dealer Agreements $ 8,000 8-10 years Noncompete Agreement $ 230 5 years The Company recorded approximately $39,514 in revenue and $2,389 in net income prior to income taxes during the year ended December 31, 2020 related to the 2020 acquisitions. The Company recorded approximately $91.2 million in revenue and $3.9 million in pre-tax income during the year ended December 31, 2019 related to the 2019 acquisitions. Pro Forma Information The following unaudited pro forma financial information summarizes the combined results of operations for the Company as though the purchase of Alliance, Korges, Total RV and Camp-Land had been consummated on January 1, 2019. For the year ended For the year ended December 31, 2020 (Restated) December 31, 2019 (Restated) Revenue $ 881,122 $ 791,408 Income before income taxes $ 40,717 $ 2,289 Net income $ 30,094 $ 1,092 The Company adjusted the combined income of Lazydays RV with Alliance, Korges, Total RV and Camp-Land and adjusted net income to eliminate business combination expenses as well as the incremental depreciation and amortization associated with the purchase price allocation for Alliance and the preliminary purchase price allocation for Korges, Total RV and Camp-Land to determine pro forma net income. Goodwill that is deductible for tax purposes was determined to be $20,735.

Receivables, Net

Receivables, Net	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Receivables, Net	NOTE 4 – RECEIVABLES, NET Receivables consist of the following: As of As of December 31, 2020 December 31, 2019 Contracts in transit and vehicle receivables $ 15,995 $ 11,544 Manufacturer receivables 2,705 3,539 Finance and other receivables 1,423 1,324 20,123 16,407 Less: Allowance for doubtful accounts (659 ) (382 ) $ 19,464 $ 16,025 Contracts in transit represent receivables from financial institutions for the portion of the vehicle and other products sales price financed by the Company’s customers through financing sources arranged by the Company. Manufacturer receivables are due from the manufacturers for incentives, rebates, and other programs. These incentives and rebates are treated as a reduction of cost of revenues.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consist of the following: As of As of December 31, 2020 December 31, 2019 New recreational vehicles $ 92,434 $ 124,096 Pre-owned recreational vehicles 22,967 36,639 Parts, accessories and other 4,493 3,848 119,894 164,583 Less: excess of current cost over LIFO (3,627 ) (3,719 ) $ 116,267 $ 160,864 During 2019, the Company retired the RV rental units and moved the rental units to pre-owned inventory for sale. Upon transfer to pre-owned inventory, the carrying value of these units was adjusted to market value for similar units acquired by the Company for resale.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	NOTE 6 – PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following: As of As of December 31, 2020 December 31, 2019 Land $ 25,954 $ 22,496 Building and improvements including leasehold improvements 74,767 62,206 Furniture and equipment 8,572 6,747 Company vehicles 987 747 Construction in progress 13,606 5,603 123,886 97,799 Less: Accumulated depreciation and amortization (17,566 ) (10,923 ) $ 106,320 $ 86,876 Depreciation and amortization expense is set forth in the table below: As of As of December 31, 2020 December 31, 2019 Depreciation 6,682 6,848

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 7 – INTANGIBLE ASSETS Intangible assets and the related accumulated amortization are summarized as follows: As of December 31, 2020 As of December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Asset Value Gross Carrying Amount Accumulated Amortization Net Asset Value Amortizable intangible assets: Manufacturer relationships $ 43,800 $ 8,901 $ 34,899 $ 35,800 $ 5,180 $ 30,620 Customer relationships 9,790 2,233 7,557 9,540 1,406 8,134 Non-Compete agreements 230 29 201 - - - 53,820 11,163 42,657 45,340 6,586 38,754 Non-amortizable intangible assets: Trade names and trademarks 30,100 - 30,100 30,100 - 30,100 $ 83,920 $ 11,163 $ 72,757 $ 75,440 $ 6,586 $ 68,854 Amortization expense is set forth in the table below: As of As of December 31, December 31, 2020 2019 Amortization $ 4,580 $ 3,965 Estimated future amortization expense is as follows: Years ending 2021 $ 5,120 2022 5,120 2023 5,120 2024 5,120 2025 5,051 Thereafter 17,126 $ 42,657 As of December 31, 2020, the weighted average remaining amortization period was 8.6 years.

Financing Liability

Financing Liability	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Financing Liability	NOTE 8 – FINANCING LIABILITY On December 23, 2015, the Company sold certain land, building and improvements for $56,000 and is leasing back the property from the purchaser over a non-cancellable period of 20 years. The lease contains renewal options at lease termination, with three options to renew for 10 additional years each and contains a right of first offer in the event the property owner intends to sell any portion or all of the property to a third party. These rights and obligations constitute continuing involvement, which resulted in failed sale-leaseback (financing) accounting. The financing liability has an implied interest rate of 7.3%. At the conclusion of the 20-year lease period, the financing liability residual will be $11,000, which will correspond to the carrying value of the land. On August 7, 2018, the Company sold certain land, building and improvements for $5,350 and is leasing back the property from the purchaser over a non-cancellable period of 20 years. The lease contains renewal options at lease termination, with three options to renew for 10 additional years each and contains a right of first offer in the event the property owner intends to sell any portion or all of the property to a third party. These rights and obligations constitute continuing involvement, which resulted in failed sale-leaseback (financing) accounting. The financing liability has an implied interest rate of 7.9%. At the conclusion of the 20-year lease period, the financing liability residual will be $1,780, which will correspond to the carrying value of the land. As part of the lease, the Company could have drawn up to $5,000 from the lessor through September 30, 2019 to pay for certain improvements on the premises. As of December 31, 2019, the Company drew $4,206 to make such improvements. Repayments on advances are made over the term of the lease and are factored into the calculation of the outstanding financing liability. Annual payments are made at a rate of the amount of the outstanding advance multiplied by an advance rate of 8%. The financing liabilities, net of debt discount, is summarized as follows: As of As of December 31, December 31, 2020 2019 Financing liability $ 80,254 $ 64,568 Debt discount (158 ) (75 ) Financing liability, net of debt discount 80,096 64,493 Less: current portion 1,462 936 Financing liability, non-current portion $ 78,634 $ 63,557 The future minimum payments required by the arrangements are as follows: Total Years ending December 31, Principal Interest Payments 2021 1,639 5,233 6,872 2022 1,890 5,329 7,219 2023 2,168 5,196 7,364 2024 2,469 5,042 7,511 2025 2,794 4,868 7,662 Thereafter 56,513 34,792 91,305 $ 67,473 $ 60,460 $ 127,933 For the year ended December 31, 2020, the Company made interest payments of $4,816 and principal payments of $1,118. For the year ended December 31, 2019, the Company made interest payments of $4,655 and principal payments of $730.

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accounts Payable, Accrued Expenses and Other Current Liabilities	NOTE 9 – ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable, accrued expenses and other current liabilities consist of the following: As of December 31, 2020 As of December 31, 2019 Accounts payable $ 18,077 $ 11,231 Other accrued expenses 4,713 3,392 Customer deposits 6,002 2,267 Accrued compensation 4,311 2,388 Accrued charge-backs 5,553 4,221 Accrued interest 125 356 Total $ 38,781 $ 23,855

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	NOTE 10 – LEASES On January 1, 2020, we adopted a new accounting standard that amends the guidance for the accounting and reporting of leases. Certain required disclosures have been made on a prospective basis in accordance with the guidance of the standard. See Note 2, Significant Accounting Policies. The Company leases property and equipment throughout the United States primarily under operating leases. Leases with lease terms of 12 months or less are expensed on a straight-line basis over the lease term and are not recorded in the Consolidated Balance Sheets. Most leases include one or more options to renew, with renewal terms that can extend the lease term up to 20 years (some leases include multiple renewal periods). The exercise of lease renewal options is at our sole discretion. In addition, some of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements neither contain any residual value guarantees nor impose any significant restrictions or covenants. The Company leases properties for its RV retail locations through nine operating leases. The Company also leases billboards and certain of its equipment through operating leases. The related right-of-use (“ROU”) assets for these operating leases are included in operating lease assets. On May 19, 2020, the Company entered into a new lease for the property associated with the Korges acquisition. The lease was evaluated as a finance lease. As a result, a right of use asset was recorded in property and equipment for $4,015 with an offsetting $4,015 financing liability. As of December 31, 2020, the weighted-average remaining lease term and weighted-average discount rate of operating leases was 5.2 years and 5.0%, respectively. Operating lease costs for the year ended December 31, 2020 was $3,809 including variable lease costs. There were no short term leases for the year ended December 31, 2020. Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity Date Operating Leases 2021 3,838 2022 3,520 2023 3,317 2024 2,586 2025 1,939 Thereafter 2,179 Total lease payments 17,379 Less: Imputed Interest 2,159 Present value of lease liabilities $ 15,220 The following presents supplemental cash flow information related to leases during 2020: For the year ended December 31, 2020 Cash paid for amounts included in the measurement of lease liability: Operating cash flows for operating leases $ 3,809 ROU assets obtained in exchange for lease liabilities: Operating leases $ 756 Finance lease $ 4,015 $ 4,771 On March 10, 2020, the Company entered into an agreement for the sale of land to LD Murfreesboro TN Landlord, LLC for $4,921. The Company has entered into a lease agreement with the buyer with lease payments to commence upon granting of a certificate of occupancy and completion of planned construction, the cost of which will be paid for by LD Murfreesboro TN Landlord, LLC. The commencement date of the lease will occur at the completion of construction which is expected to occur in the first quarter of 2021.

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt	NOTE 11 – DEBT M&T Financing Agreement On March 15, 2018, the Company terminated and replaced the Bank of America (“BOA”) credit facility with a $200,000 Senior Secured Credit Facility with M&T Bank (the “M&T Facility”). The M&T Facility includes a Floor Plan Facility (the “M&T Floor Plan Line of Credit”), a Term Loan (the “M&T Term Loan”), and a Revolving Credit Facility (the “M&T Revolver”). The M&T Facility was originally due to mature on March 15, 2021. The maturity date was subsequently extended to June 15, 2021. The M&T Facility requires the Company to meet certain financial and other covenants and is secured by substantially all of the assets of the Company. The costs of the M&T Facility were recorded as a debt discount. On March 15, 2018, the Company repaid $96,740 outstanding under the BOA floor plan notes payable and $8,820 outstanding under the BOA term loan with the proceeds of the M&T Facility. On March 6, 2020, the Company entered into the Third Amendment and Joinder to Credit Agreement (“Third Amendment”) on the M&T Facility. Pursuant to the Third Amendment, Lone Star Land of Houston, LLC (the “Mortgage Loan Borrower”) and Lone Star Diversified, LLC (“Diversified”), wholly owned subsidiaries of LDRV, became parties to the credit agreement related to the M&T Facility (the “Credit Agreement”) and were identified as additional loan parties. The existing borrowers and guarantors also requested that the lenders provide a mortgage loan credit facility (the “M&T Mortgage”) covering acquisition, construction, and permanent mortgage financing for a property acquired by the Mortgage Loan Borrower. The amount borrowed under the M&T Mortgage was $6,136. The M&T Mortgage bears interest at (a) LIBOR plus an applicable margin of 2.25% or (b) the Base Rate plus a margin of 1.25%. The mortgage requires monthly payments of principal of $0.03 million and was originally due to mature on March 15, 2021. The maturity date was subsequently extended to June 15, 2021. As of December 31, 2020, the mortgage balance was $6,008 and the interest rate was 2.4375%. In order to help mitigate the early effects of the COVID-19 pandemic, the Company entered into the Fourth Amendment to the Credit Agreement on April 15, 2020 (the “Fourth Amendment”). Pursuant to the Fourth Amendment, the parties agreed to a suspension of scheduled principal payments on the M&T Term Loan and M&T Mortgage (to the extent the permanent loan period had begun for the M&T Mortgage) for the period from April 15, 2020 through June 15, 2020. Interest on the outstanding principal balances of the M&T Term Loan and M&T Mortgage continued to accrue and be paid at the applicable interest rate during the deferment period. At the end of the deferment period, the borrowers resumed making all required payments of principal on the M&T Term Loan and M&T Mortgage. All principal payments of the M&T Term Loan and M&T Mortgage deferred during the deferment period are due and payable on the M&T Term Loan maturity date or the M&T Mortgage maturity date, as applicable. Additionally, all principal payments deferred during the deferment period are due and payable (a) as described above or (b) if earlier, the date all outstanding amounts are otherwise due and payable under the terms of the Credit Agreement (including, without limitation, upon maturity, acceleration or, to the extent applicable under the Credit Agreement, demand for payment). In addition, the amendment includes a temporary suspension of scheduled curtailment payments required by the Credit Agreement for the period from April 1, 2020 through June 15, 2020. Amounts related to floor plan unused commitment fees and interest on the outstanding principal balance of the M&T Floor Plan Line of Credit continued to accrue and be paid at the applicable rate and on the terms set forth in the Credit Agreement during the suspension period. As of December 31, 2020, the payment of dividends by the Company (other than from proceeds of revolving loans) was permitted under the M&T Facility, so long as at the time of payment of any such dividend, no event of default existed under the M&T Facility, or would result from the payment of such dividend, and so long as any such dividend was permitted under the M&T Facility. As of December 31, 2020, the maximum amount of cash dividends that the Company could make from legally available funds to its stockholders was limited to an aggregate of $26,903 pursuant to a trailing twelve month calculation as defined in the M&T Facility. The $175,000 M&T Floor Plan Line of Credit may be used to finance new vehicle inventory, but only $45,000 may be used to finance pre-owned vehicle inventory and $4,500 may be used to finance rental units. Principal becomes due upon the sale of the related vehicle. The M&T Floor Plan Line of Credit accrues interest at either (a) the fluctuating 30-day London Interbank Offered Rate (“LIBOR”) rate plus an applicable margin, which ranges from 2.00% to 2.30% based upon the Company’s total leverage ratio (as defined in the Credit Agreement), or (b) the Base Rate plus an applicable margin ranging from 1.00% to 1.30% based upon the Company’s total leverage ratio (as defined in the Credit Agreement). The Base Rate is defined in the Credit Agreement as the highest of M&T’s prime rate, the Federal Funds rate plus 0.50% or one-month LIBOR plus 1.00%. In addition, the Company will be charged for unused commitments at a rate of 0.15%. The interest rate in effect as of December 31, 2020 was 2.14675%. Principal payments become due upon the sale of the vehicle. Additionally, principal payments are required to be made once the vehicle reaches a certain number of days on the lot. The average outstanding principal balance was $99,200 and the related floor plan interest expense was $2,255 for the year ended December 31, 2020. The M&T Floor Plan Line of Credit consists of the following as of December 31, 2020 and 2019: As of December 31, 2020 As of December 31, 2019 Floor plan notes payable, gross $ 105,486 $ 144,133 Debt discount (87 ) (184 ) Floor plan notes payable, net of debt discount $ 105,399 $ 143,949 The $20,000 M&T Term Loan is being repaid in equal monthly principal installments of $242 plus accrued interest through the maturity date of March 15, 2021. At the maturity date, the Company must pay a principal balloon payment of $11,300 plus any accrued interest. The M&T Term Loan bears interest at (a) LIBOR plus an applicable margin of 2.25% to 3.00% based on the total leverage ratio (as defined in the Credit Agreement) or (b) the Base Rate plus a margin of 1.25% to 2.00% based on the total leverage ratio (as defined in the Credit Agreement). The interest rate in effect at December 31, 2020 was 2.4375%. On February 13, 2021 the Company signed an agreement with M&T to extend the maturity date of the M&T Facility to June 15, 2021. PPP Loans In response to economic uncertainty caused by the COVID-19 pandemic, subsidiaries of the Company took the additional step of applying for loans (“PPP Loans”) under the Paycheck Protection Program of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) with M&T Bank (the “Lender”). On April 28, 2020, certain of the Company’s subsidiaries executed promissory notes (the “Notes”) in favor of the Lender for PPP Loans in an aggregate amount of $6,831 which mature on April 29, 2022. Applications were submitted by other subsidiaries of the Company, which resulted in the execution of a promissory note on April 30, 2020 for $1,236 and on May 4, 2020 for $637, which will mature on April 30, 2022 and May 4, 2022, respectively. Pursuant to the promissory notes evidencing the PPP loans (the “Notes”), such PPP Loans bear interest at a rate of 1.0% per year. Commencing six months after each PPP Loan was disbursed, monthly payments of principal and interest are required in amounts necessary to fully amortize the principal amount by the maturity date. The PPP Loans are unsecured and are non-recourse obligations. The Notes provide for customary events of default, and the PPP Loans may be accelerated upon the occurrence of an event of default. All or a portion of the PPP Loans may be forgiven upon application to the Lender for payroll and certain other costs incurred during the 8-week period beginning on the date each PPP Loan is disbursed, in accordance with the requirements and limitations under the CARES Act. While the Company’s subsidiaries used the entire amount of the PPP Loans for qualifying expenses, no assurance can be provided that forgiveness of any portion of the PPP Loans will be obtained. Long-term debt consists of the following as of December 31, 2020 and 2019: As of December 31, 2020 As of December 31, 2019 Gross Principal Amount Debt Discount Total Debt, Net of Debt Discount Gross Principal Amount Debt Discount Total Debt, Net of Debt Discount Term loan and Mortgage $ 18,758 $ (41 ) $ 18,717 $ 14,925 $ (47 ) $ 14,878 Paycheck Protection Program Loans 8,704 - $ 8,704 Acquisition notes payable (See Note 3) 5,185 - 5,185 6,688 - 6,688 Total long-term debt 32,647 (41 ) 32,606 21,613 (47 ) 21,566 Less: current portion 24,161 - 24,161 5,993 - 5,993 Long term debt, non-current $ 8,486 $ (41 ) $ 8,445 $ 15,620 $ (47 ) $ 15,573 Future maturities of long term debt are as follows: Future Maturities of Long Term Debt Years ending December 31, 2021 $ 24,161 2022 5,824 2023 1,844 2024 396 2025 422 Total $ 32,647 The $5,000 M&T Revolver allows the Company to draw up to $5,000. The M&T Revolver bears interest at (a) 30-day LIBOR plus an applicable margin of 2.25% to 3.00% based on the total leverage ratio (as defined in the M&T Facility) or (b) the Base Rate plus a margin of 1.25% to 2.00% based on the total leverage ratio (as defined in the M&T Facility). The M&T Revolver is also subject to unused commitment fees at rates varying from 0.25% to 0.50% based on the total leverage ratio (as defined in the Credit Agreement). During the year ended December 31, 2020, there were no outstanding borrowings under the M&T Revolver. The M&T Revolver also includes a $1,000 Letter of Credit Sublimit which decreases the availability of the line. As of December 31, 2020, there were no outstanding letters of credit. As a result, there was $5,000 available under the M&T Revolver.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12 – INCOME TAXES The components of the Company’s income tax expense are as follows: Year ended December 31, 2020 Year ended December 31, 2019 Current: Federal $ 9,187 $ 2,699 State 2,536 664 11,723 3,363 Deferred: Federal (1,177 ) (1,746 ) State (182 ) (520 ) (1,359 ) (2,266 ) Income tax expense $ 10,364 $ 1,097 A reconciliation of income taxes calculated using the statutory federal income tax rate (21% in 2020 and 2019) to the Company’s income tax expense is as follows: Year Ended Year Ended (Restated) (Restated) Amount % Amount % Income taxes at statutory rate $ 5,248 21.0 % $ 1,168 21.0 % Non-deductible expense 40 0.2 % 43 0.8 % State income taxes, net of federal tax effect 1,856 7.4 % (75 ) -1.4 % Transaction costs - 0.0 % (61 ) -1.1 % Stock-based compensation and officer compensation 235 0.9 % 824 14.0 % Change in fair value of warrant liabilities 3,043 12.2 % -788 -14.2 % Other credits and changes in estimate (58 ) -0.2 % (14 ) 0.6 % Income tax expense $ 10,364 41.5 % $ 1,097 19.7 % Due to limitations on the deductibility of compensation under Section 162(m) stock-based compensation expense attributable to certain employees has been treated as a permanent difference in the calculation of tax expense. The Company does not expect that these expenses will be deductible on the estimated exercise date of the awards. As such, no deferred tax asset has been established related to these amounts. Deferred tax assets and liabilities were as follows: As of As of December 31, December 31, 2020 2019 Deferred tax assets: Accounts receivable $ 167 $ 96 Accrued charge-backs 1,412 1,063 Other accrued liabilities 1,530 166 Financing liability 15,085 16,247 Stock based compensation 1,009 894 Other, net 535 262 19,738 18,728 Deferred tax liabilities: Prepaid expenses (198 ) (271 ) Goodwill (480 ) (370 ) Inventories (5,343 ) (4,702 ) Property and equipment (15,073 ) (15,457 ) Intangible assets (13,735 ) (14,378 ) (34,829 ) (35,178 ) Net deferred tax (liabilities)/assets $ (15,091 ) $ (16,450 ) No significant increases or decreases in the amounts of unrecognized tax benefits are expected in the next 12 months. The Company is subject to U.S. federal income tax and income tax in the states of Florida, Arizona, Colorado, Minnesota, Tennessee, Texas and Indiana. The Company is no longer subject to the examination by Federal and state taxing authorities for years prior to 2017. Florida has completed its examinations through December 31, 2017 with no additional taxes due. The Company recognizes interest and penalties related to income tax matters in income tax expense. Interest and penalties recorded in the statements of operations for the periods presented were insignificant.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 13 – RELATED PARTY TRANSACTIONS On December 18, 2019, pursuant to the Company’s stock repurchase program, the Company repurchased 75,000 shares of common stock from B. Luke Weil for $302 including broker fees. (See Note 17-Stockholders’ Equity)

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Benefit Plans	NOTE 14 – EMPLOYEE BENEFIT PLANS The Company has a 401(k) plan with profit sharing provisions (the “Plan”). The Plan covers substantially all employees. The Plan allows employee contributions to be made on a salary reduction basis under Section 401(k) of the Internal Revenue Code. Under the 401(k) provisions, the Company makes discretionary matching contributions to employees’ 401(k). The Company made contributions to the Plan of $847 and $785 for the year ended December 31, 2020 and 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 15 - COMMITMENTS AND CONTINGENCIES Employment Agreements The Company entered into employment agreements with the Chief Executive Officer (“CEO”) and the former Chief Financial Officer (“CFO”) of the Company effective as of the consummation of the Mergers. The employment agreements with the CEO and the former CFO provide for initial base salaries of $540 and $325, respectively, subject to annual discretionary increases. In addition, each executive is eligible to participate in any employee benefit plans adopted by the Company from time to time and is eligible to receive an annual cash bonus based on the achievement of performance objectives. The CEO’s target bonus is 100% of his base salary and the former CFO’s target bonus was 75% of her base salary. The employment agreements also provide that each executive is to be granted an option to purchase shares of common stock of the Company (See Note 17 – Stockholders’ Equity). The employment agreements provide that if the CEO is terminated for any reason, he is entitled to receive any accrued benefits, including any earned but unpaid portion of base salary through the date of termination, subject to withholding and other appropriate deductions. In addition, in the event the executive resigns for good reason or is terminated without cause (all as defined in the employment agreement) prior to January 1, 2022, subject to entering into a release, the Company will pay the executive severance equal to (i) two times base salary and average bonus for the CEO and (ii) one times base salary and average bonus for the former CFO. In May 2018, the Company entered into an offer letter with the new Chief Financial Officer (the “new CFO”) of the Company. The offer letter provides for an initial base salary of $325 per year subject to annual discretionary increases. In addition, the executive is eligible to participate in any employee benefit plans adopted by the Company from time to time and is eligible to receive an annual cash bonus based on the achievement of performance objectives. The new CFO’s target bonus is 75% of his annual base salary (with a potential to earn a maximum of up to 150% of his target bonus). The offer letter also provides that the executive is to be granted an option to purchase shares of common stock of the Company. He is also being provided with a relocation allowance of $100 which the new CFO will be required to repay if he resigns from the Company or is terminated by the Company for cause within two years of his start date. If he is terminated without cause, he will receive twelve months of his base salary as severance. If he is terminated following a change in control, he is also eligible to receive a pro-rated bonus, if the board of directors determines that the performance objectives have been met. He also was granted an option to purchase shares of common stock of the Company (See Note 17- Stockholders’ Equity). Director Compensation The Company’s non-employee members of the board of directors will receive annual cash compensation of $50 for serving on the board of directors, $5 for serving on a committee of the board of directors (other than the Chairman of each of the committees) and $10 for serving as the Chairman of any of the committees of the board of directors. In addition, in lieu of stock options for the year ended December 31, 2019, the board members received a one time cash payment of $50 during the year ended December 31, 2020. Legal Proceedings The Company is a party to multiple legal proceedings that arise in the ordinary course of business. The Company has certain insurance coverage and rights of indemnification. The Company does not believe that the ultimate resolution of these matters will have a material adverse effect on the Company’s business, results of operations, financial condition, or cash flows. However, the results of these matters cannot be predicted with certainty and an unfavorable resolution of one or more of these or other matters could have a material adverse effect on the Company’s business, results of operations, financial condition, and/or cash flows. The Company records legal expenses as incurred in its consolidated statements of operations.

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Preferred Stock	NOTE 16 – PREFERRED STOCK Simultaneous with the closing of the Mergers, the Company consummated a private placement with institutional investors for the sale of convertible preferred stock, common stock, and warrants for an aggregate purchase price of $94,800 (the “PIPE Investment”). At the closing, the Company issued an aggregate of 600,000 shares of Series A Preferred Stock for gross proceeds of $60,000. The investors in the PIPE Investment were granted certain registration rights as set forth in the securities purchase agreements. The holders of the Series A Preferred Stock include 500,000 shares owned by funds managed by a member of the Company’s Board of Directors. The Series A Preferred Stock ranks senior to all outstanding stock of the Company. Holders of the Series A Preferred Stock are entitled to vote on an as-converted basis together with the holders of the Common Stock, and not as a separate class, at any annual or special meeting of stockholders. Each share of Series A Preferred Stock is convertible at the holder’s election at any time, at an initial conversion price of $10.0625 per share, subject to adjustment (as applicable, the “Conversion Price”). Upon any conversion of the Series A Preferred Stock, the Company will be required to pay each holder converting shares of Series A Preferred Stock all accrued and unpaid dividends, in either cash or shares of common stock, at the Company’s option. The Conversion Price will be subject to adjustment for stock dividends, forward and reverse splits, combinations and similar events, as well as for certain dilutive issuances. Dividends on the Series A Preferred Stock accrue at an initial rate of 8% per annum (the “Dividend Rate”), compounded quarterly, on each $100 of Series A Preferred Stock (the “Issue Price”) and are payable quarterly in arrears. Accrued and unpaid dividends, until paid in full in cash, will accrue at the then applicable Dividend Rate plus 2%. The Dividend Rate will be increased to 11% per annum, compounded quarterly, in the event that the Company’s senior indebtedness less unrestricted cash during any trailing twelve-month period ending at the end of any fiscal quarter is greater than 2.25 times earnings before interest, taxes, depreciation and amortization (“EBITDA”). The Dividend Rate will be reset to 8% at the end of the first fiscal quarter when the Company’s senior indebtedness less unrestricted cash during the trailing twelve-month period ending at the end of such quarter is less than 2.25 times EBITDA. If, at any time following the second anniversary of the issuance of the Series A Preferred Stock, the volume weighted average price of the Company’s common stock equals or exceeds $25.00 per share (as adjusted for stock dividends, splits, combinations and similar events) for a period of thirty consecutive trading days, the Company may elect to force the conversion of any or all of the outstanding Series A Preferred Stock at the Conversion Price then in effect. From and after the eighth anniversary of the issuance of the Series A Preferred Stock, the Company may elect to redeem all, but not less than all, of the outstanding Series A Preferred Stock in cash at the Issue Price plus all accrued and unpaid dividends. From and after the ninth anniversary of the issuance of the Series A Preferred Stock, each holder of Series A Preferred Stock has the right to require the Company to redeem all of the holder’s outstanding shares of Series A Preferred Stock in cash at the Issue Price plus all accrued and unpaid dividends. In the event of any liquidation, merger, sale, dissolution or winding up of the Company, holders of the Series A Preferred Stock will have the right to (i) payment in cash of the Issue Price plus all accrued and unpaid dividends, or (ii) convert the shares of Series A Preferred Stock into common stock and participate on an as-converted basis with the holders of common stock. So long as the Series A Preferred Stock is outstanding, the holders thereof, by the vote or written consent of the holders of a majority in voting power of the outstanding Series A Preferred Stock, shall have the right to designate two members to the board of directors. In addition, five-year warrants to purchase 596,273 shares of common stock at an exercise price of $11.50 per share were issued in conjunction with the issuance of the Series A Preferred Stock. The warrants may be exercised for cash or, at the option of the holder, on a “cashless basis” pursuant to the exemption provided by Section 3(a)(9) of the Securities Act. The warrants may be called for redemption in whole and not in part, at a price of $0.01 per share of common stock, if the last reported sales price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, if there is a current registration statement in effect with respect to the shares underlying the warrants. The Series A Preferred Stock, while convertible into common stock, is also redeemable at the holder’s option and, as a result, is classified as temporary equity in the consolidated balance sheets. An analysis of its features determined that the Series A Preferred Stock was more akin to equity. While the embedded conversion option (“ECO”) was subject to an anti-dilution price adjustment, since the ECO was clearly and closely related to the equity host, it was not required to be bifurcated and it was not accounted for as a derivative liability under ASC 815, Derivatives and Hedging. After factoring in the relative fair value of the warrants issued in conjunction with the Series A Preferred Stock, the effective conversion price is $9.72 per share, compared to the market price of $10.29 per share on the date of issuance. As a result, a $3,392 beneficial conversion feature was recorded as a deemed dividend in the consolidated statement of income because the Series A Preferred Stock is immediately convertible, with a credit to additional paid-in capital. The relative fair value of the warrants issued with the Series A Preferred Stock of $2,035 was recorded as a reduction to the carrying amount of the preferred stock in the consolidated balance sheet. In addition, aggregate offering costs of $2,981 consisting of cash and the value of five-year warrants to purchase 178,882 shares of common stock at an exercise price of $11.50 per share issued to the placement agent were recorded as a reduction to the carrying amount of the preferred stock. The $632 value of the warrants was determined utilizing the Black-Scholes option pricing model using a term of 5 years, a volatility of 39%, a risk-free interest rate of 2.61%, and a 0% rate of dividends. The discount associated with the Series A Preferred Stock was not accreted during the year ended December 31, 2020 because redemption was not currently deemed to be probable. In September 2020, the Company declared a dividend payment for all outstanding dividends through September 30, 2020 of $10,983, which was paid on October 5, 2020. In December 2020, the Company declared a dividend payment of $1,210 for outstanding dividends through December 31, 2020 which is included in dividends payable in the accompanying consolidated balance sheets.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stockholders' Equity	NOTE 17 – STOCKHOLDERS’ EQUITY Authorized Capital The Company is authorized to issue 100,000,000 shares of common stock, $0.0001 par value, and 5,000,000 shares of preferred stock, $0.0001 par value. The holders of the Company’s common stock are entitled to one vote per share. The holders of Series A Preferred Stock are entitled to the number of votes equal to the number of shares of common stock into which the holder’s shares are convertible. These holders of Series A Preferred Stock also participate in dividends if they are declared by the Board. See Note 16 – Preferred Stock for additional information associated with the Series A Preferred Stock. 2018 Long-Term Incentive Equity Plan On March 15, 2018, the Company adopted the 2018 Long-Term Incentive Equity Plan (the “2018 Plan”). The 2018 Plan reserves up to 13% of the shares of common stock outstanding on a fully diluted basis. The 2018 Plan is administered by the Compensation Committee of the board of directors, and provides for awards of options, stock appreciation rights, restricted stock, restricted stock units, warrants or other securities which may be convertible, exercisable or exchangeable for or into common stock. Due to the fact that the fair market value per share immediately following the closing of the Mergers was greater than $8.75 per share, the number of shares authorized for awards under the 2018 Plan was increased by a formula (as defined in the 2018 Plan) not to exceed 18% of shares of common stock then outstanding on a fully diluted basis. On May 20, 2019, the Company’s stockholders approved the adoption of the Lazydays Holdings, Inc. Amended and Restated 2018 Long Term Incentive Plan (the “Incentive Plan”). The Incentive Plan amends and restates the previously adopted 2018 Plan in order to replenish the pool of shares of common stock available under the Incentive Plan by adding an additional 600,000 shares of common stock and making certain changes in light of the Tax Cuts and Jobs Act and its impact on Section 162(m) of the Internal Revenue Code of 1986, as amended. As of December 31, 2020, there were 299,557 shares of common stock available to be issued under the Incentive Plan. 2019 Employee Stock Purchase Plan On May 20, 2019, the Company’s stockholders approved the 2019 Employee Stock Purchase Plan (the “ESPP”). The ESPP reserved 900,000 shares of common stock for purchase by participants in the ESPP. Participants in the plan may purchase shares of common stock at a purchase price which will not be less than the lesser of 85% of the fair market value per share of the common on the first day of the purchase period or the last day of the purchase period. On June 1, 2020, the Company issued 41,858 shares of common stock pursuant to the ESPP. As a result, as of December 31, 2020, there were 822,748 shares available for issuance. During the years ended December 31, 2020 and 2019, the Company recorded $135 and $65, respectively of stock based compensation expense related to the ESPP. Stock Repurchase Program On November 6, 2019, the Board of Directors of Lazydays authorized the repurchase of up to $4.0 million of the Company’s common stock through December 31, 2020. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions or a trading plan in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and pursuant to applicable Securities and Exchange Commission requirements. The repurchase program may be suspended for periods or discontinued at any time. During the year ended December 31, 2020, the Company repurchased 63,299 shares of common stock for $185. During the year ended December 31, 2019, the Company repurchased 78,000 shares of common stock for $314. All repurchased shares are included in treasury stock in the consolidated balance sheets. Common Stock On March 15, 2018, the Company had 1,872,428 shares of common stock outstanding prior to the consummation of the Mergers. On March 15, 2018, Andina rights holders converted their existing rights at a ratio of one share of common stock for seven Andina rights. As a result, 615,436 shares of common stock of the Company were issued to former Andina rights holders. On March 15, 2018, holders of 472,571 shares of Andina common stock, which had been subject to redemption prior to the Mergers, were reclassified from temporary equity to stockholders’ equity at their carrying value of $4,910. On March 15, 2018, 2,857,189 shares of common stock at a price per share of $10.29 were issued to the former stockholders of Lazydays RV in conjunction with the Mergers for a total value of $29,400. On December 2, 2019, 35,058 shares of common stock at a price per share of $3.587 were issued to the participants of the ESPP for a value of $126. On June 1, 2020, 42,194 shares of common stock at a price per share of $3.587 were issued to the participants of the ESPP for a value of $335. Simultaneous with the Mergers, in addition to the Series A Preferred Stock and warrants issued in the PIPE Investment, the Company sold 2,653,984 shares of common stock, perpetual non-redeemable pre-funded warrants to purchase 1,339,499 shares of common stock at an exercise price of $0.01 per share, and five-year warrants to purchase 1,630,927 shares of common stock at an exercise price of $11.50 per share for gross proceeds of $34,783. The Company incurred offering costs of $2,065 which was recorded as a reduction to additional paid-in capital in the consolidated balance sheet. As of December 31, 2020, 300,357 of the pre-funded warrants remain outstanding. The five-year warrants may be exercised for cash or, at the option of the holder, on a “cashless basis” pursuant to the exemption provided by Section 3(a)(9) of the Securities Act by surrendering the warrants for that number of shares of common stock as determined under the warrants. These warrants may be called for redemption in whole and not in part, at a price of $0.01 per share if the last reported sales price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, if there is a current registration statement in effect with respect to the common stock underlying the warrants. In addition, five-year warrants to purchase 116,376 shares of common stock at an exercise price of $11.50 per share were issued to the placement agent. Unit Purchase Options On November 24, 2015, Andina sold options to purchase an aggregate of 400,000 units (collectively, the “Unit Purchase Options”) to an investment bank and its designees for $100. The Unit Purchase Options were exercisable at $10.00 per unit as a result of the Mergers and they were set to expire on November 24, 2020. The Unit Purchase Options represented the right to purchase an aggregate of 457,142 shares of common stock (which included 57,142 shares of common stock issuable for the rights included in the units, as well as warrants to purchase 200,000 shares of common stock for $11.50 per share). The Unit Purchase Options granted to the holders “demand” and “piggy back” registration rights for periods of five and seven years, respectively, with respect to the securities directly and indirectly issuable upon exercise of the Unit Purchase Options. The Unit Purchase Options were exercisable for cash or on a “cashless” basis, at the holder’s option, such that the holder could have used the appreciated value of the Unit Purchase Options (the difference between the exercise price of the Unit Purchase Option and the market price of the Unit Purchase Options and the underlying shares of common stock) to exercise the Unit Purchase Options without the payment of any cash. The Company had no obligation to net cash settle the exercise of the Unit Purchase Options or the underlying rights or warrants. During January 2019, the Company exchanged $500 for all of the Unit Purchase Options, and as a result, the Unit Purchase Options and any obligation to issue any underlying securities were cancelled. Warrants As of March 15, 2018, holders of Andina warrants exchanged their existing 4,310,000 warrants with Andina with 4,310,000 warrants to purchase 2,155,000 shares of Company common stock at an exercise price of $11.50 per share and a contractual life of five years from the date of the Mergers. If a registration statement covering 2,000,000 of the shares issuable upon exercise of the public warrants is not effective, warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis. The warrants may be called for redemption in whole and not in part, at a price of $0.01 per warrant, if the last reported sales price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, if there is a current registration statement in effect with respect to the shares underlying the warrants. Of the warrants to purchase 2,155,000 shares of common stock originally issued by Andina, 155,000, the Private Warrants, are not redeemable and are exercisable on a cashless basis at the holder’s option. Additionally, warrants to purchase 2,522,458 shares of common stock were issued with the PIPE Investment, (the PIPE Warrants), including warrants issued to the investment bank but excluding prefunded warrants. The Company had the following activity related to shares underlying warrants: Shares Underlying Warrants Weighted Average Exercise Price Warrants outstanding January 1, 2020 4,677,458 $ 11.50 Granted - $ - Cancelled or Expired - $ - Exercised (45,371 ) $ 11.50 Warrants outstanding December 31, 2020 4,632,087 $ 11.50 The table above excludes perpetual non-redeemable prefunded warrants to purchase 300,357 shares of common stock with an exercise price of $0.01 per share. The Company determined the following fair values for the outstanding warrants recorded as liabilities at December 31: 2020 2019 (Restated) (Restated) PIPE Warrants $ 13,716 $ 555 Private Warrants 1,380 192 Total warrant liabilities $ 15,096 $ 747 Stock Options Stock option activity is summarized below: Shares Underlying Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Options outstanding at January 1, 2020 3,798,818 $ 10.63 Granted 530,000 $ 10.08 Cancelled or terminated (203,809 ) $ (9.76 ) Exercised (61,647 ) $ (10.72 ) Options outstanding at December 31, 2020 4,063,362 $ 10.60 2.65 $ 22,954 Options vested at December 31, 2020 1,085,720 $ 11.10 2.23 $ 5,626 Awards with Market Conditions The expense recorded for awards with market conditions was $923 and $4,556 for the years ended December 31, 2020 and 2019, respectively, which is included in operating expenses in the consolidated statements of operations. Awards with Service Conditions During the year ended December 31, 2019, stock options to purchase 505,000 shares of common stock were issued to employees. The options have exercise prices ranging from $4.50 to $8.50. The options had a five year life and a four year vesting period. The fair value of the awards of $957 was determined using the Black-Scholes option pricing model based on a 3.75 expected life, a risk free rate of 1.70%-2.51%, an annual dividend yield of 0% and an annual volatility of 52%-55%. During the year ended December 31, 2020, stock options to purchase 530,000 shares of common stock were issued to employees and board members. The options have an exercise price of $7.91, $8.50 or $14.68. The options had a five year life and a four year vesting period. The fair value of the awards of $1,915 was determined using the Black-Scholes option pricing model based on the follow range of assumptions: Year ended December 31, 2020 Risk free interest rate 0.25% - 0.43% Expected term (years) 3.50-3.75 Expected volatility 55% - 73% Expected dividends 0.00 % The expected life was determined using the simplified method as the awards were determined to be plain-vanilla options. The expense recorded for awards with service conditions was $508 for the year ended December 31, 2020 and $243 for the year ended December 31, 2019, which is included in operating expenses in the consolidated statements of operations. As of December 31, 2020, total unrecorded compensation cost related to non-vested awards was $2,214 which is expected to be amortized over a weighted average service period of approximately 2.65 years. For year ended December 31, 2020, the weighted average grant date fair value of awards issued during the period was $4.07 per share.

Fair Value Measures

Fair Value Measures	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measures	NOTE 18 – FAIR VALUE MEASURES Warrant Liabilities: The PIPE Warrants are considered a Level 1 measurement, because they are similar to the Public Warrants which trade under the symbol LAZYW and thus have observable market prices which were used to estimate the fair value adjustments for the PIPE Warrants liabilities. The Private Warrants are considered a Level 3 measurement and were valued using a Black-Scholes Valuation Model to estimate the fair value adjustments for the Private Warrants liabilities. December 31, 2020 (Restated) December 31, 2019 (Restated) Carrying Amount Level 1 Level 2 Level 3 Carrying Amount Level 1 Level 2 Level 3 PIPE Warrants $ 13,716 $ 13,716 $ - $ - $ 555 $ 555 $ - $ - Private Warrants 1,380 - - 1,380 192 - - 192 Total $ 15,096 $ 13,716 $ - $ 1,380 $ 747 $ 555 $ - $ 192 Level 3 Disclosures The Company utilizes a Black Scholes option-pricing model to value the Private Warrants at each reporting period and transaction date, with changes in fair value recognized in the statements of operations. The estimated fair value of the warrant liabilities is determined using Level 3 inputs. Inherent in the pricing model are assumptions related to expected share-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its ordinary shares based on historical volatility that matches the expected remaining life of the warrants. The risk-free interest rate is based on the continuously compounded interest rate on U.S. Treasury Separate Trading of Registered Interest and Principal of Securities having a maturity similar to the contractual life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates to remain at zero. The following table provides quantitative information regarding Level 3 fair value measurements: December 31, 2020 (Restated) December 31, 2019 Stock Price $ 16.25 $ 4.10 Strike Price $ 11.50 $ 11.50 Expected life 2.20 3.21 Volatility 81.2 % 80.9 % Risk Free rate 0.14 % 1.61 % Dividend yield 0.00 % 0.00 % Fair value of warrants $ 4.45 $ 0.62 The following table presents changes in Level 1 and Level 3 liabilities measured at fair value for the year ended December 31, 2020 and 2019: December 31, 2020 (Restated) December 31, 2019 (Restated) PIPE Warrants Private Warrants PIPE Warrants Private Warrants Balance - beginning of year $ 555 $ 192 $ 4,163 $ 335 Exercise or conversion (145 ) - - - Measurement adjustment 13,307 1,187 (3,608 ) (143 ) Balance - end of year $ 13,717 $ 1,379 $ 555 $ 192

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited and Restated)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited and Restated)	NOTE 19 – QUARTERLY FINANCIAL DATA (Unaudited and Restated) The following tables present certain unaudited consolidated quarterly financial information for each of the quarters previously issued in 2020, 2019 and 2018. 2020 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 6,784 $ 12,628 $ 17,532 Other income/expenses (1) (2,085 ) (4,782 ) (9,648 ) Income tax expense (1,300 ) (2,536 ) (4,184 ) Net income (1) $ 3,399 $ 5,310 $ 3,700 Dividends of Series A Convertible Preferred Stock (1,644 ) (1,684 ) (1,745 ) Net income attributable to common stock and participating securities $ 1,755 $ 3,626 $ 1,955 EPS: Basic and diluted income per share (1) $ 0.12 $ 0.25 $ 0.13 Weighted average shares outstanding basic and diluted 9,757,036 9,715,677 10,807,368 2019 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 6,058 $ 6,488 $ 763 Other income/expenses (1) (1,074 ) (577 ) (2,382 ) Income tax expense (1,185 ) (2,099 ) (941 ) Net income (1) $ 3,799 $ 3,812 $ (2,560 ) Dividends of Series A Convertible Preferred Stock (1,184 ) (1,525 ) (1,581 ) Net income (loss) attributable to common stock and participating securities $ 2,615 $ 2,287 $ (4,141 ) EPS: Basic and diluted income (loss) per share (1) $ 0.17 $ 0.14 $ (0.42 ) Weighted average shares outstanding basic and diluted 9,695,234 9,811,107 9,811,107 2018 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 1,825 $ 5,241 $ 849 Other income/expenses (1) (934 ) (2,460 ) (1,153 ) Income tax expense (449 ) (1,176 ) (1,141 ) Net income (1) $ 442 $ 1,605 $ (1,445 ) Dividends of Series A Convertible Preferred Stock (210 ) (1,215 ) (1,210 ) Deemed dividend on Series A Convertible Preferred Stock (3,392 ) Net income (loss) attributable to common stock and participating securities $ (3,160 ) $ 390 $ (2,655 ) EPS: Basic and diluted income (loss) per share (1) $ (0.33 ) $ 0.02 $ (0.27 ) Weighted average shares outstanding basic and diluted 9,668,250 9,668,250 9,668,250 (1)

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements for the years ended December 31, 2020 and 2019 include the accounts of Holdings, Lazydays RV and its wholly owned subsidiary LDRV Holdings Corp. LDRV Holdings Corp is the sole owner of Lazydays Land Holdings, LLC, Lazydays Tampa Land Holdings, LLC, Lazydays RV America, LLC, Lazydays RV Discount, LLC, Lazydays Mile Hi RV, LLC, Lazydays of Minneapolis LLC, LDRV of Tennessee LLC, Lone Star Acquisition LLC, Lone Star Diversified LLC, LDRV Acquisition Corp of Nashville LLC, LDRV of Nashville LLC, Lazydays RV of Phoenix, LLC, Lazydays RV of Elkhart, LLC, Lazydays Land of Elkhart, LLC, Lazydays Service of Elkhart, LLC, Lazydays RV of Chicagoland, LLC and Lazydays Land of Chicagoland, LLC (collectively, the “Company” or “Lazydays”). All significant inter-company accounts and transactions have been eliminated in consolidation.
Restatement of Previously Reported Financial Statements	Restatement of Previously Reported Financial Statements On April 12, 2021, in the SEC Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) (the “SEC Staff Statement”), the SEC staff clarified its interpretations of certain generally accepted accounting principles related to certain terms that are common in warrants issued in connection with the initial public offerings of SPACs. The SEC Staff Statement addressed certain accounting and reporting considerations related to warrants of a kind similar to those issued by the Company that preclude the warrants from being classified as components of equity. In May 2021, management of the Company concluded that the Company’s previously issued consolidated financial statements for the years ended December 31, 2020, 2019 and 2018 and for each of the interim quarterly periods therein (the “Non-Reliance Period”) should no longer be relied upon. As such, the Company is restating its financial statements in this Annual Report on Form 10-K/A to make the necessary accounting adjustments related to the accounting for certain previously issued warrants to conform with the SEC Staff Statement described below. These warrants include (i) warrants to purchase 155,000 shares of common stock at a price of $11.50 per share issued in a private placement concurrently with the merger on March 15. 2018 (the “Private Warrants”) and (ii) warrants to purchase 2,522,458 shares of common stock at a price of $11.50 per share issued in connection with the Private Investment in Public Equity (PIPE) transaction that occurred with the merger on March 15, 2018. (the “PIPE Warrants”). Since issuance, these warrants were classified within equity in the Company’s financial statements. A third class of warrants, the Company’s Public Warrants issued in connection with the merger on March 15, 2018, were evaluated and determined to be properly stated as equity. As clarified by the SEC staff interpretation of Accounting Standards Codification 815-40, Contracts in an Entity’s Own Equity, (“ASC 815-40”), the Company’s Private Warrants and PIPE Warrants are classified as liabilities with changes in the estimated fair values of the derivative instruments reported in the statement of operations. As a result of the above, the Company has restated its consolidated financial statements for the Non-Reliance Period to reflect (i) the Private Warrants as liabilities for all periods presented and (ii) the PIPE Warrants as liabilities for all periods presented. The impact of the restatement on the consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows for the Non-Reliance Period is presented below. The restatement had no impact on net cash flows from operating, investing or financing activities. The tables below set forth certain consolidated balance sheet amounts originally reported, adjustments, and the restated amounts as of December 31, 2020 and 2019. December 31. 2020 As Previously Reported Restatement As Restated Total Assets $ 443,998 $ - $ 443,998 Liabilities and Stockholder’ Equity Total current liabilities $ 174,177 $ - 174,177 Financing liability, non-current portion, net of debt discount 78,634 - 78,634 Long term debt, non-current portion, net of debt discount 8,445 - 8,445 Operating lease liability, non-current portion 12,056 - 12,056 Deferred tax liability 15,091 - 15,091 Warrant liabilities - 15,096 15,096 Total liabilities 288,403 15,096 303,499 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,656,041 shares issued and 9,514,742 outstanding at December 31, 2020 - - - Additional paid-in capital 80,072 (8,846 ) 71,226 Treasury Stock, at cost, 141,299 shares at December 31, 2020 (499 ) - (499 ) Retained earnings 21,039 (6,250 ) 14,789 Total stockholders’ equity 100,612 (15,096 ) 85,516 Total liabilities and stockholders’ equity $ 443,998 $ - $ 443,998 December 31. 2019 As Previously Reported Restatement As Restated Total Assets $ 406,636 $ - $ 406,636 Liabilities and Stockholder’ Equity Total current liabilities $ 174,733 $ - 174,733 Financing liability, non-current portion, net of debt discount 63,557 - 63,557 Long term debt, non-current portion, net of debt discount 15,573 - 15,573 Operating lease liability, non-current portion - - - Deferred tax liability 16,450 - 16,450 Warrant liabilities - 747 747 Total liabilities 270,313 747 271,060 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2019; liquidation preference of $65,910 as of December 31, 2019 60,893 - 60,893 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and 8,428,666 outstanding at December 31, 2019 - - - Additional paid-in capital 79,186 (8,991 ) 70,195 Treasury Stock, at cost, 78,000 shares at December 31, 2019 (314 ) - (314 ) Retained earnings (3,442 ) 8,244 4,802 Total stockholders’ equity 75,430 (747 ) 74,683 Total liabilities and stockholders’ equity $ 406,636 $ - $ 406,636 The tables below set forth the consolidated statements of operations amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Income from Operations $ 47,538 $ - $ 47,538 Other income/expenses Loss on sale of property and equipment (7 ) - (7 ) Interest expense (8,047 ) - (8,047 ) Change in fair value of warrant liabilities - (14,494 ) (14,494 ) Total other expense (8,054 ) (14,494 ) (22,548 ) Income before income tax expense 39,484 (14,494 ) 24,990 Income tax expense (10,364 ) - (10,364 ) Net income $ 29,120 $ (14,494 ) $ 14,626 Dividends of Series A Convertible Preferred Stock (6,283 ) - (6,283 ) Net income (loss) attributable to common stock and participating securities $ 22,837 $ (14,494 ) $ 8,343 EPS: Basic and diluted income (loss) per share $ 1.56 $ (0.99 ) $ 0.57 Weighted average shares outstanding basic and diluted 9,809,783 9,809,783 9,809,783 December 31. 2019 As Previously Reported Restatement As Restated Income from Operations $ 12,128 $ - $ 12,128 Other income/expenses Gain on sale of property and equipment 11 - 11 Interest expense (10,328 ) - (10,328 ) Change in fair value of warrant liabilities - 3,751 3,751 Total other expense (10,317 ) 3,751 (6,566 ) Income before income tax expense 1,811 3,751 5,562 Income tax expense (1,097 ) - (1,097 ) Net income $ 714 $ 3,751 $ 4,465 Dividends of Series A Convertible Preferred Stock (5,910 ) - (5,910 ) Net income (loss) attributable to common stock and participating securities $ (5,196 ) $ 3,751 $ (1,445 ) EPS: Basic and diluted income (loss) per share $ (0.53 ) $ 0.38 $ (0.15 ) Weighted average shares outstanding basic and diluted 9,781,870 9,781,870 9,781,870 December 31. 2018 As Previously Reported Restatement As Restated Income from Operations $ 7,698 $ - $ 7,698 Other income/expenses Gain on sale of property and equipment 1 - 1 Interest expense (8,001 ) - (8,001 ) Change in fair value of warrant liabilities - 4,493 4,493 Total other expense (8,000 ) 4,493 (3,507 ) Income before income tax expense (302 ) 4,493 4,191 Income tax expense (2,318 ) - (2,318 ) Net income $ (2,620 ) $ 4,493 $ 1,873 Dividends of Series A Convertible Preferred Stock (3,845 ) - (3,845 ) Deemed dividend on Series A Convertible Preferred Stock (3,392 ) (3,392 ) Net income (loss) attributable to common stock and participating securities $ (9,857 ) $ 4,493 $ (5,364 ) EPS: Basic and diluted income (loss) per share $ (1.02 ) $ 0.47 $ (0.55 ) Weighted average shares outstanding basic and diluted 9,668,250 9,668,250 9,668,250 The tables below set forth the consolidated statements of cash flow amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Net Income $ 29,120 $ (14,494 ) $ 14,626 Adjustments to reconcile net income to net cash provided by operating activities: 81,947 81,947 Change in fair value of warrant liabilities - 14,494 14,494 Net cash provided by operating activities 111,067 - 111,067 Net cash used in investing activities (30,324 ) - (30,324 ) Net cash used in financing activities (48,689 ) - (48,689 ) Net change in cash and cash equivalents 32,054 - 32,054 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 63,512 $ - $ 63,512 December 31. 2019 As Previously Reported Restatement As Restated Net Income $ 714 $ 3,751 $ 4,465 Adjustments to reconcile net income to net cash provided by operating activities: 38,208 38,208 Change in fair value of warrant liabilities - (3,751 ) (3,751 ) Net cash provided by operating activities 38,922 - 38,922 Net cash used in investing activities (19,406 ) - (19,406 ) Net cash used in financing activities (14,661 ) - (14,661 ) Net change in cash and cash equivalents 4,855 - 4,855 Cash - Beginning 26,603 - 26,603 Cash - Ending $ 31,458 $ - $ 31,458 December 31. 2018 As Previously Reported Restatement As Restated Net Income $ (2,620 ) $ 4,493 $ 1,873 Adjustments to reconcile net income to net cash provided by operating activities: (12,706 ) (12,706 ) Change in fair value of warrant liabilities - (4,493 ) (4,493 ) Net cash used in operating activities (15,326 ) - (15,326 ) Net cash used in investing activities (95,876 ) - (95,876 ) Net cash provided by financing activities 127,134 - 127,134 Net change in cash and cash equivalents 15,932 - 15,932 Cash - Beginning 10,671 - 10,671 Cash - Ending $ 26,603 $ - $ 26,603 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and nine months ended September 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the nine months ended September 30, 2020. September 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 397,905 $ - $ 397,905 Liabilities and Stockholder’ Equity Total current liabilities $ 137,808 $ - 137,808 Financing liability, non-current portion, net of debt discount 71,095 - 71,095 Long term debt, non-current portion, net of debt discount 10,512 - 10,512 Operating lease liability, non-current portion 12,841 - 12,841 Deferred tax liability 16,451 - 16,451 Warrant liabilities - 10,992 10,992 Total liabilities 248,707 10,992 259,699 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,593,150 shares issued and 9,451,851 outstanding at September 30, 2020 - - - Additional paid-in capital 78,931 (8,991 ) 69,940 Treasury Stock, at cost, 141,299 shares at September 30, 2020 (499 ) - (499 ) Retained earnings 15,783 (2,001 ) 13,782 Total stockholders’ equity 94,215 (10,992 ) 83,223 Total liabilities and stockholders’ equity $ 397,905 $ - $ 397,905 Three months ended September 30, 2020 (Unaudited) Nine months ended September 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 17,532 $ - $ 17,532 $ 36,944 $ - $ 36,944 Other income/expenses Loss on sale of property and equipment - - - (8 ) - (8 ) Interest expense (1,749 ) - (1,749 ) (6,262 ) - (6,262 ) Change in fair value of warrant liabilities - (7,899 ) (7,899 ) - (10,245 ) (10,245 ) Total other expense (1,749 ) (7,899 ) (9,648 ) (6,270 ) (10,245 ) (16,515 ) Income before income tax expense 15,783 (7,899 ) 7,884 30,674 (10,245 ) 20,429 Income tax expense (4,184 ) - (4,184 ) (8,020 ) - (8,020 ) Net income $ 11,599 $ (7,899 ) $ 3,700 $ 22,654 $ (10,245 ) $ 12,409 Dividends of Series A Convertible Preferred Stock (1,745 ) - (1,745 ) (5,073 ) - (5,073 ) Net income (loss) attributable to common stock and participating securities $ 9,854 $ (7,899 ) $ 1,955 $ 17,581 $ (10,245 ) $ 7,336 EPS: Basic and diluted income (loss) per share $ 0.55 $ (0.42 ) $ 0.13 $ 1.00 $ (0.50 ) $ 0.50 Weighted average shares outstanding basic and diluted 10,807,368 10,807,368 10,807,368 10,747,370 10,747,370 10,747,370 Nine Months Ended September 30, 2020 As Previously Reported Restatement As Restated Net Income $ 22,654 $ (10,245 ) $ 12,409 Adjustments to reconcile net income to net cash provided by operating activities: 119,247 119,247 Change in fair value of warrant liabilities - 10,245 10,245 Net cash provided by operating activities 141,901 - 141,901 Net cash used in investing activities (7,005 ) - (7,005 ) Net cash used in financing activities (84,700 ) - (84,700 ) Net change in cash and cash equivalents 50,196 - 50,196 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 81,654 $ - $ 81,654 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and six months ended June 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the six months ended June 30, 2020. June 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 414,722 $ - $ 414,722 Liabilities and Stockholder’ Equity Total current liabilities $ 149,211 $ - 149,211 Financing liability, non-current portion, net of debt discount 71,403 - 71,403 Long term debt, non-current portion, net of debt discount 15,679 - 15,679 Operating lease liability, non-current portion 13,616 - 13,616 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 3,093 3,093 Total liabilities 266,359 3,093 269,452 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 64,221 - 64,221 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,548,524 shares issued and 8,407,225 outstanding at June 30, 2020 - - - Additional paid-in capital 78,712 (8,991 ) 69,721 Treasury Stock, at cost, 141,299 shares at June 30, 2020 (499 ) - (499 ) Retained earnings 5,929 5,898 11,827 Total stockholders’ equity 84,142 (3,093 ) 81,049 Total liabilities and stockholders’ equity $ 414,722 $ - $ 414,722 Three months ended June 30, 2020 (Unaudited) Six months ended June 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 12,628 $ - $ 12,628 $ 19,412 $ - $ 19,412 Other income/expenses Loss on sale of property and equipment (6 ) - (6 ) (8 ) - (8 ) Interest expense (2,018 ) - (2,018 ) (4,513 ) - (4,513 ) Change in fair value of warrant liabilities - (2,758 ) (2,758 ) - (2,346 ) (2,346 ) Total other expense (2,024 ) (2,758 ) (4,782 ) (4,521 ) (2,346 ) (6,867 ) Income before income tax expense 10,604 (2,758 ) 7,846 14,891 (2,346 ) 12,545 Income tax expense (2,536 ) - (2,536 ) (3,836 ) - (3,836 ) Net income $ 8,068 $ (2,758 ) $ 5,310 $ 11,055 $ (2,346 ) $ 8,709 Dividends of Series A Convertible Preferred Stock (1,684 ) - (1,684 ) (3,328 ) - (3,328 ) Net income attributable to common stock and participating securities $ 6,384 $ (2,758 ) $ 3,626 $ 7,727 $ (2,346 ) $ 5,381 EPS: Basic and diluted income per share $ 0.39 $ (0.14 ) $ 0.25 $ 0.48 $ (0.10 ) $ 0.38 Weighted average shares outstanding basic and diluted 9,715,677 9,715,677 9,715,677 9,736,133 9,736,133 9,736,133 Six Months Ended June 30, 2020 As Previously Reported Restatement As Restated Net Income $ 11,055 $ (2,346 ) $ 8,709 Adjustments to reconcile net income to net cash provided by operating activities: 72,555 72,555 Change in fair value of warrant liabilities - 2,346 2,346 Net cash provided by operating activities 83,610 - 83,610 Net cash used in investing activities (765 ) - (765 ) Net cash used in financing activities (52,253 ) - (52,253 ) Net change in cash and cash equivalents 30,592 - 30,592 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 62,050 $ - $ 62,050 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three months ended March 31, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the three months ended March 31, 2020. March 31, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 428,130 $ - $ 428,130 Liabilities and Stockholder’ Equity Total current liabilities $ 181,526 $ - 181,526 Financing liability, non-current portion, net of debt discount 68,158 - 68,158 Long term debt, non-current portion, net of debt discount 7,746 - 7,746 Operating lease liability, non-current portion 14,405 - 14,405 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 335 335 Total liabilities 288,285 335 288,620 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 62,537 - 62,537 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and outstanding at March 31, 2020 - - - Additional paid-in capital 78,222 (8,991 ) 69,231 Treasury Stock, at cost, 122,729 shares at March 31, 2020 (459 ) - (459 ) (Accumulated deficit) Retained earnings (455 ) 8,656 8,201 Total stockholders’ equity 77,308 (335 ) 76,973 Total liabilities and stockholders’ equity $ 428,130 $ - $ 428,130 Three months ended March 31, 2020 (Unaudited) As Previously Reported Restatement As Restated Income from Operations $ 6,784 $ - $ 6,784 Other income/expenses Loss on sale of property and equipment (2 ) - (2 ) Interest expense (2,495 ) - (2,495 ) Change in fair value of warrant liabilities - 412 412 Total other expense (2,497 ) 412 (2,085 ) Income before income tax expense 4,287 412 4,699 Income tax expense (1,300 ) - (1,300 ) Net income $ 2,987 $ 412 $ 3,399 Dividends of Series A Convertible Preferred Stock (1,644 ) - (1,644 ) Net income attributable to common stock and participating securities $ 1,343 $ 412 $ 1,755 EPS: Basic and diluted income per share $ 0.08 $ 0.04 $ 0.12 Weighted average shares outstanding basic and diluted 9,757,036 9,757,036 9,757,036 Three Months Ended March 31, 2020 As Previously Reported Restatement As Restated Net Income $ 2,987 $ 412 $ 3,399 Adjustments to reconcile net income to net cash provided by operating activities: 13,140 13,140 Change in fair value of warrant liabilities - (412 ) (412 ) Net cash provided by operating activities 16,127 - 16,127 Net cash provided by investing activities 3,158 - 3,158 Net cash used in financing activities (7,474 ) - (7,474 ) Net change in cash and cash equivalents 11,811 - 11,811 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 43,269 $ - $ 43,269
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the assumptions used in the valuation of the net assets acquired in business combinations, goodwill and other intangible assets, provision for charge-backs, inventory write-downs, the allowance for doubtful accounts and stock-based compensation.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term, highly liquid investments purchased with a maturity date of three months or less to be cash equivalents. The carrying amount approximates fair value because of the short-term maturity of these instruments. Cash consists of business checking accounts with its banks, the first $250 of which is insured by the Federal Deposit Insurance Corporation. There are no cash equivalents as of December 31, 2020 and 2019.
Revenue Recognition	Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued accounting standard updates which clarified principles for recognizing revenue arising from contracts with customers (Accounting Standards Codification (“ASC”) 606 (“ASC 606”). The core principle of the revenue standard is that an entity recognizes revenue to depict the transfer of promised goods or services to clients in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance applies a five-step model for revenue measurement and recognition and also requires increased disclosures including the nature, amount, timing, and uncertainty of revenue and cash flows related to contracts with clients. The Company adopted the new revenue recognition standard at the beginning of the first quarter of fiscal 2019 using the modified retrospective method of adoption and applied the guidance to those contracts that were not completed as of December 31, 2018. Based on the evaluation, the Company did not identify customer contracts which will require different recognition under the new guidance. Revenues are recognized when control of the promised goods or services is transferred to the customers at the expected amount the Company is entitled to for such goods and services. Taxes collected on revenue producing transactions are excluded from revenue in the consolidated statements of operations. The following table represents the Company’s disaggregation of revenue: For the year ended For the year ended December 31, 2020 December 31, 2019 New vehicle revenue $ 479,611 $ 353,228 Preowned vehicle revenue 250,261 213,830 Parts, accessories, and related services 38,630 35,607 Finance and insurance revenue 45,123 36,698 Campground, rental, and other revenue 3,485 5,549 $ 817,110 $ 644,912 Revenue from the sale of vehicle contracts is recognized at a point in time on delivery, transfer of title and completion of financing arrangements. Revenue from the sale of parts, accessories, and related service is recognized as services and parts are delivered or as a customer approves elements of the completion of service. Revenue from the sale of parts, accessories, and related service is recognized in other revenue in the accompanying consolidated statements of operations. Revenue from the rental of vehicles is recognized pro rata over the period of the rental agreement. The rental agreements are generally short-term in nature. Revenue from rentals is included in other revenue in the accompanying consolidated statements of operations for the year ended December 31, 2019 during which the rental business was discontinued. Campground revenue is also recognized over the time period of use of the campground. The Company receives commissions from the sale of insurance and vehicle service contracts to customers. In addition, the Company arranges financing for customers through various financial institutions and receives commissions. The Company may be charged back (“charge-backs”) for financing fees, insurance or vehicle service contract commissions in the event of early termination of the contracts by the customers. The revenues from financing fees and commissions are recorded at the time of the sale of the vehicles and an allowance for future charge-backs is established based on historical operating results and the termination provision of the applicable contracts. The estimates for future chargebacks require judgment by management, and as a result, there is an element of risk associated with these revenue streams. The Company recognized finance and insurance revenues, less the addition to the charge-back allowance, which is included in other revenue as follows: For the year ended For the year ended December 31, 2020 December 31, 2019 Gross finance and insurance revenues $ 50,341 $ 41,169 Additions to charge-back allowance (6,217 ) (4,471 ) Net Finance Revenue $ 44,124 $ 36,698 The Company has an accrual for charge-backs which totaled $5,553 and $4,221 at December 31, 2020 and December 31, 2019, respectively, and is included in “Accounts payable, accrued expenses, and other current liabilities” in the accompanying consolidated balance sheets. Deposits on vehicles received in advance are accounted for as a liability and recognized into revenue upon completion of each respective transaction. These contract liabilities are included in Note 9 – Accounts Payable, Accrued Expenses, and Other Current Liabilities as customer deposits. During the year ended December 31, 2020, substantially all of the contract liabilities as of December 31, 2019 were either recognized in revenue or cancelled.
Occupancy Costs	Occupancy Costs As a retail merchandising organization, the Company has elected to classify occupancy costs as selling, general and administrative expense in the consolidated statements of operations.
Shipping and Handling Fees and Costs	Shipping and Handling Fees and Costs The Company reports shipping and handling costs billed to customers as a component of revenues, and related costs are reported as a component of costs applicable to revenues. For the years ended December 31, 2020 and December 31, 2019, respectively, shipping and handling included as a component of revenue were $3,262 and $2,284.
Receivables	Receivables The Company sells to customers and arranges third-party financing, as is customary in the industry. Interest is not normally charged on receivables. Management establishes an allowance for doubtful accounts based on its historic loss experience and current economic conditions. Losses are charged to the allowance when management deems further collection efforts will not produce additional recoveries.
Inventories	Inventories Vehicle and parts inventories are recorded at the lower of cost or net realizable value, with cost determined by the last-in, first-out (“LIFO”) method. Cost includes purchase costs, reconditioning costs, dealer-installed accessories, and freight. For vehicles accepted in trades, the cost is the fair value of such used vehicles at the time of the trade-in. Retail parts, accessories, and other inventories primarily consist of retail travel and leisure specialty merchandise. The current replacement costs of LIFO inventories exceeded their recorded values by $3,627 and $3,719 as of December 31, 2020 and 2019, respectively.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged to expense in the period incurred. Improvements and additions are capitalized. Depreciation of property and equipment is provided using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the lesser of the useful life of the asset or the term of the lease. Useful lives range from 2 to 39 years for buildings and improvements and from 2 to 12 years for vehicles and equipment.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company’s goodwill, trade names and trademarks are deemed to have indefinite lives, and accordingly are not amortized, but are evaluated at least annually for impairment and more often whenever changes in facts and circumstances may indicate that the carrying value may not be recoverable. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining fair value. Significant judgment is required to estimate the fair value of reporting units which includes estimating future cash flows, determining appropriate discount rates, consideration of the Company’s aggregate fair value, and other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value and/or goodwill impairment. When testing goodwill for impairment, the Company may assess qualitative factors for some or all of our reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of the reporting unit is less than the carrying amount, including goodwill. Alternatively, the Company may bypass this qualitative assessment for some or all our reporting units and perform a detailed quantitative test of impairment (Step 1). If the Company performs the detailed quantitative impairment test and the carrying amount of the reporting unit exceeds its fair value, the Company would perform an analysis, (Step 2) to measure such impairment. At December 31, 2020, the Company performed a qualitative assessment to identify and evaluate events and circumstances to conclude whether it is more likely than not that the fair value of the Company’s reporting units is less than their carrying amounts. Based on the Company’s qualitative assessments, the Company concluded that a positive assertion can be made that it is more likely than not that the fair value of the reporting units exceeded their carrying values and no impairments were identified at December 31, 2020. The Company’s manufacturer and customer relationships are amortized over their estimated useful lives on a straight-line basis. The estimated useful lives are 7 to 12 years for both the manufacturer and customer relationships.
Vendor Allowances	Vendor Allowances As a component of the Company’s consolidated procurement program, the Company frequently enters into contracts with vendors that provide for payments of rebates. These vendor payments are reflected in the carrying value of the inventory when earned or as progress is made toward earning the rebates and as a component of costs of sales as the inventory is sold. Certain of these vendor contracts provide for rebates that are contingent upon the Company meeting specified performance measures such as a cumulative level of purchases over a specified period of time. Such contingent rebates are given accounting recognition at the point at which achievement of the specified performance measures is deemed to be probable and reasonably estimable.
Financing Costs	Financing Costs Debt financing costs are recorded as a debt discount and are amortized over the term of the related debt. Amortization of debt discount included in interest expense was $170 and $220 for the years ended December 31, 2020 and December 31, 2019, respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates the carrying value of long-lived assets whenever events or changes in circumstances indicate that intangible asset’s carrying amount may not be recoverable. Such circumstances could include, but are not limited to (1) a significant decrease in the market value of an asset, (2) a significant adverse change in the extent or manner in which an asset is used, or (3) an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset. The Company measures the carrying amount of the asset against the estimated undiscounted future cash flows associated with it. Should the sum of the expected future net cash flows be less than the carrying amount of the asset being evaluated, an impairment loss would be recognized for the amount by which the carrying value of the asset exceeds its fair value. The evaluation of asset impairment requires the Company to make assumptions about future cash flows over the life of the asset being evaluated. These assumptions require significant judgment and actual results may differ from assumed and estimated amounts. Management believes no impairment of long-lived assets existed as of December 31, 2020 and 2019.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of financial instruments approximate fair value as of December 31, 2020 and 2019 because of the relatively short maturities of these instruments. The carrying amount of the Company’s bank debt approximates fair value as of December 31, 2020 and 2019 because the debt bears interest at a rate that approximates the current market rate at which the Company could borrow funds with similar maturities.
Cumulative Redeemable Convertible Preferred Stock	Cumulative Redeemable Convertible Preferred Stock The Company’s Series A Preferred Stock (See Note 16 – Preferred Stock) is cumulative redeemable convertible preferred stock. Accordingly, it is classified as temporary equity and is shown net of issuance costs and the relative fair value of warrants issued in conjunction with the issuance of the Series A Preferred Stock. Any unpaid preferred dividends are accumulated, compounded at each quarterly dividend date and presented within the carrying value of the Series A Preferred Stock until a dividend is declared by the Board of Directors.
Stock Based Compensation	Stock Based Compensation The Company accounts for stock-based compensation for employees and directors in accordance with ASC 718, Compensation. ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the statement of operations based on their fair values. Under the provisions of ASC 718, stock-based compensation costs are measured at the grant date, based on the fair value of the award, and are recognized as expense over the employee’s requisite or derived service period. In accordance with ASC 718, excess tax benefits realized from the exercise of stock-based awards are classified as cash flows from operating activities. All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) are recognized as income tax expense or benefit in the consolidated statements of operations.
Earnings Per Share	Earnings Per Share The Company computes basic and diluted earnings per share (“EPS”) by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. The Company is required, in periods in which it has net income, to calculate EPS using the two-class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common shareholders but does not require the presentation of basic and diluted EPS for securities other than common shares. The two-class method is required because the Company’s Series A Preferred Stock have the right to receive dividends or dividend equivalents should the Company declare dividends on its common stock. Under the two-class method, earnings for the period are allocated on a pro-rata basis to the common and preferred stockholders. The weighted-average number of common and preferred shares outstanding during the period is then used to calculate basic EPS for each class of shares. Diluted EPS is computed in the same manner as basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if certain shares issuable upon exercise of common share options or warrants were included unless those additional shares would have been anti-dilutive. For the diluted EPS computation, the treasury stock method is applied and compared to the two-class method and whichever method results in a more dilutive impact is utilized to calculate diluted EPS. In periods in which the Company has a net loss, basic loss per share is calculated by dividing the loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. The two-class method is not used, because the preferred stock does not participate in losses. The following table summarizes net income (loss) attributable to common stockholders used in the calculation of basic and diluted loss per common share: Year ended Year ended (Dollars in thousands - except share and per share amounts) December 31. 2020 (Restated) December 31, 2019 (Restated) Distributed earning allocated to common stock $ - $ - Undistributed earnings allocated to common stock 5,579 (1,445 ) Net earnings allocated to common stock 5,579 (1,445 ) Net earnings allocated to participating securities 2,764 - Net earnings allocated to common stock and participating securities $ 8,343 $ (1,445 ) Weighted average shares outstanding for basic earning per common share 9,809,783 9,781,870 Dilutive effect of warrants and options - - Weighted average shares outstanding for diluted earnings per share computation 9,809,783 9,781,870 Basic income per common share $ 0.57 $ (0.15 ) Diluted income per common share $ 0.57 $ (0.15 ) During the years ended December 31, 2020 and 2019, respectively, the denominator of the basic EPS was calculated as follows: Year ended Year ended December 31, 2020 December 31, 2019 Weighted average outstanding common shares 9,509,426 8,442,371 Weighted average prefunded warrants 300,357 1,339,499 Weighted shares outstanding - basic 9,809,783 9,781,870 During the years ended December 31, 2020 and 2019, respectively, the denominator of the dilutive EPS was calculated as follows: Year ended Year ended December 31, 2020 December 31, 2019 Weighted average outstanding common shares 9,509,426 8,442,371 Weighted average prefunded warrants 300,357 1,339,499 Weighted average warrants 1,068,198 - Weighted average options 1,128,295 - Weighted average convertible preferred stock 6,082,981 - Weighted shares outstanding - diluted 18,089,257 9,781,870 For the years ended December 31, 2020 and 2019, respectively, the following common stock equivalent shares were excluded from the computation of the diluted income (loss) per share, since their inclusion would have been anti-dilutive: Year ended Year ended December 31, 2020 December 31, 2019 Shares underlying Series A Convertible Preferred Stock - 5,962,733 Shares underlying warrants - 4,677,458 Stock options - 3,798,818 Shares issuable under the Employee Stock Purchase Plan 54,721 49,300 Share equivalents excluded from EPS 54,721 14,488,309
Advertising Costs	Advertising Costs Advertising and promotion costs are charged to operations in the period incurred. Advertising and promotion costs totaled $12,941 and $12,083 for the years ended December 31, 2020 and December 31, 2019, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the year in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits claimed or expected to be claimed on a tax return are recorded in the Company’s financial statements. A tax benefit from an uncertain tax position is only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Uncertain tax positions have had no impact on the Company’s financial condition, results of operations or cash flows. The Company does not expect any significant changes in its unrecognized tax benefits within twelve months of the reporting date. The Company’s policy is to classify assessments, if any, for tax related interest and penalties as income tax expense in the consolidated statements of operations.
Seasonality and Effects of Weather	Seasonality and Effects of Weather The Company’s operations generally experience modestly higher volumes of vehicle sales in the first half of each year due in part to consumer buying trends and the hospitable warm climate during the winter months at our Florida and Arizona locations. In addition, the northern locations in Colorado, Tennessee, Minnesota and Indiana generally experience modestly higher vehicle sales during the spring months. The Company’s largest RV dealership is located near Tampa, Florida, which is in close proximity to the Gulf of Mexico. A severe weather event, such as a hurricane, could cause severe damage to property and inventory and decrease the traffic to our dealerships. Although the Company believes that it has adequate insurance coverage, if the Company were to experience a catastrophic loss, the Company may exceed its policy limits, and/or may have difficulty obtaining similar insurance coverage in the future.
Vendor Concentrations	Vendor Concentrations The Company purchases its new recreational vehicles and replacement parts from various manufacturers. During the year ended December 31, 2020, four manufacturers accounted for 26.1%, 25.0%, 24.0% and 19.5% of RV purchases. During the year ended December 31, 2019, four manufacturers accounted for 33.9%, 20.5%, 20.2% and 14.7% of RV purchases. The Company is subject to dealer agreements with each manufacturer. The manufacturer is entitled to terminate the dealer agreement if the Company is in material breach of the agreement terms.
Geographic Concentrations	Geographic Concentrations Revenues generated by customers of the Florida locations, the Colorado locations, and the Arizona locations which generate greater than 10% of revenues, were as follows: For the year ended For the year ended December 31, 2020 December 31, 2019 Florida 63 % 68 % Colorado 14 % 14 % Arizona 10 % <10 % These geographic concentrations increase the exposure to adverse developments related to competition, as well as economic, demographic, weather and other changes in these regions.
Impact of COVID-19	Impact of COVID-19 In March 2020, the World Health Organization declared the outbreak of the novel coronavirus disease COVID-19 a pandemic, which continues to spread throughout the United States and globally. Beginning in mid-to-late March of 2020, the COVID-19 pandemic led to severe disruptions in general economic activity as businesses and federal, state, and local governments took increasingly broad actions to mitigate the impact of the pandemic on public health, including through “shelter in place” or “stay at home” orders in the states in which we operate. As we modified our business practices to conform to government guidelines and best practices to ensure the health and safety of our customers, employees and the communities we serve, we saw significant early declines in new and pre-owned vehicle unit sales, sales of parts, accessories and related services, including finance and insurance revenues as well as campground and miscellaneous revenues. We took a number of actions in April 2020 to adjust resources and costs to align with reduced demand caused by the pandemic. These actions included: ● Reduction of our workforce by 25%; ● Temporary reduction of senior management salaries (April 2020 through May 2020); ● Suspension of 2020 annual pay increases; ● Temporary suspension of 401k match (April 2020 through May 2020); ● Delay of non-critical capital projects; and ● Focus of resources on core sales and service operations. As described under Note 11 - Debt below, to further protect our liquidity and cash position, we negotiated with our lenders for the temporary suspension of scheduled principal and interest payments on our term and mortgage loans from April 15, 2020 through June 15, 2020 and for the temporary suspension of scheduled floorplan curtailment payments from April 1, 2020 through June 15, 2020. We also received $8.7 million in loans under the Paycheck Protection Program (the “PPP Loans”). While we applied for loan forgiveness under the PPP loans, there can be no assurances that the loans will be forgiven. The improvement in sales beginning in May 2020 likely relates, at least in part, to an increase in consumer demand as consumers seek outdoor travel and leisure activities that permit appropriate social distancing. However, we Our operations also depend on the continued health and productivity of our employees at our dealerships service locations and corporate headquarters throughout this pandemic. The extent to which the COVID-19 pandemic ultimately impacts our business, results of operations, and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including the severity and duration of the COVID-19 pandemic, the efficacy and availability of vaccines, and further actions that may be taken by individuals, businesses and federal, state and local governments in response. Even after the COVID-19 pandemic has subsided, we may experience significant adverse effects to our business as a result of its global economic impact, including any economic recession or downturn and the impact of such a recession or downturn on unemployment levels, consumer confidence, levels of personal discretionary spending and credit availability.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no effect on the previously reported net income (loss).
Leases	Leases Adoption of new lease standard In February 2016, the FASB issued a new accounting standard that amends the guidance for the accounting and disclosure of leases. This new standard requires that lessees recognize the assets and liabilities that arise from leases on the balance sheet, including leases classified as operating leases, and disclose qualitative and quantitative information about leasing arrangements. The FASB subsequently issued additional amendments to address issues arising from the implementation of the new lease standard. We adopted this standard as of January 1, 2020, using the modified-retrospective method. This approach provides a method for recording existing leases at adoption. We used the adoption date as our date of initial application, and thus comparative-period financial information is not presented for periods prior to the adoption date. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which, among other things, allowed the Company to carry forward the historical lease classification. Adoption of the new standard resulted in total operating lease liabilities of approximately $17,800 and operating lease assets of approximately $17,800 as of January 1, 2020. The standard did not materially impact our Consolidated Statements of Operations and had no impact on our Consolidated Statements of Cash Flows. Our accounting policies under the new standard are described below. See Note 10, Leases. Lease recognition At inception of a contract, we determine whether an arrangement is or contains a lease. For all leases, we determine the classification as either operating or financing. Operating lease assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments under the lease. Lease recognition occurs at the commencement date and lease liability amounts are based on the present value of lease payments over the lease term. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Because most of our leases do not provide information to determine an implicit interest rate, we use our incremental borrowing rate in determining the present value of lease payments. Operating lease assets also include any lease payments made prior to the commencement date and exclude lease incentives received. Operating lease expense is recognized on a straight-line basis over the lease term. We have lease agreements with both lease and non-lease components, which are generally accounted for together as a single lease component.
Subsequent Events	Subsequent Events Management of the Company has analyzed the activities and transactions subsequent to December 31, 2020 through the date these consolidated financial statements were issued to determine the need for any adjustments to or disclosures within the financial statements. On January 4, 2021, the Company commenced sales and service operations at its new dealership in Murfreesboro, TN located just south of Nashville on I-24. The 42,000 square facility becomes Lazydays eleventh full-service RV dealership and its second dealership located in Tennessee. Lazydays RV of Nashville will carry Grand Design, Coachmen, Thor Motor Coach, Forest River, Tiffin and Winnebago brands. On March 17, 2021, two institutional investors exercised warrants issued in the PIPE Investment with respect to an aggregate of 1,005,308 shares of our common stock for cash, resulting in the issuance of 1,005,308 shares of common stock and gross proceeds to the Company of $11,315,250 pursuant to agreements executed with the Company. The above issuances were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) of such act, and Rule 506(b) thereunder, as issuances made in a private placement to accredited investors. On February 13, 2021, the Company signed an agreement with M&T to extend the maturity date of the credit facility to June 15, 2021. On June 10, 2021, the Company was granted forgiveness on four PPP Loans in the amount of $2,136. On June 14, 2021, the Company signed an agreement with M&T Bank to extend the maturity date of the credit facility to September 15, 2021.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). This standard requires the use of a forward-looking expected loss impairment model for trade and other receivables, held-to-maturity debt securities, loans and other instruments. This standard also requires impairments and recoveries for available-for-sale debt securities to be recorded through an allowance account and revises certain disclosure requirements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements, which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. The standard is effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is currently evaluating the impact that the adoption of the provisions of ASU 2016-03 will have on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”). This standard, effective for reporting periods through December 31, 2022, provides accounting relief for contract modifications that replace an interest rate impacted by reference rate reform (e.g., London Interbank Offered Rate (“LIBOR”)) with a new alternative reference rate. The guidance is applicable to investment securities, receivables, loans, debt, leases, derivatives and hedge accounting elections and other contractual arrangements. The new standard provides temporary optional expedients and exceptions to current GAAP guidance on contract modifications and hedge accounting. Specifically, a modification to transition to an alternative reference rate is treated as an event that does not require contract remeasurement or reassessment of a previous accounting treatment. The standard is generally effective for all contract modifications made and hedging relationships evaluated through December 31, 2022, as a result of reference rate reform. The Company is currently evaluating the impact that this new standard will have on our financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Originally Reported, Adjustments, and Restated Amounts	The tables below set forth certain consolidated balance sheet amounts originally reported, adjustments, and the restated amounts as of December 31, 2020 and 2019. December 31. 2020 As Previously Reported Restatement As Restated Total Assets $ 443,998 $ - $ 443,998 Liabilities and Stockholder’ Equity Total current liabilities $ 174,177 $ - 174,177 Financing liability, non-current portion, net of debt discount 78,634 - 78,634 Long term debt, non-current portion, net of debt discount 8,445 - 8,445 Operating lease liability, non-current portion 12,056 - 12,056 Deferred tax liability 15,091 - 15,091 Warrant liabilities - 15,096 15,096 Total liabilities 288,403 15,096 303,499 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,656,041 shares issued and 9,514,742 outstanding at December 31, 2020 - - - Additional paid-in capital 80,072 (8,846 ) 71,226 Treasury Stock, at cost, 141,299 shares at December 31, 2020 (499 ) - (499 ) Retained earnings 21,039 (6,250 ) 14,789 Total stockholders’ equity 100,612 (15,096 ) 85,516 Total liabilities and stockholders’ equity $ 443,998 $ - $ 443,998 December 31. 2019 As Previously Reported Restatement As Restated Total Assets $ 406,636 $ - $ 406,636 Liabilities and Stockholder’ Equity Total current liabilities $ 174,733 $ - 174,733 Financing liability, non-current portion, net of debt discount 63,557 - 63,557 Long term debt, non-current portion, net of debt discount 15,573 - 15,573 Operating lease liability, non-current portion - - - Deferred tax liability 16,450 - 16,450 Warrant liabilities - 747 747 Total liabilities 270,313 747 271,060 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2019; liquidation preference of $65,910 as of December 31, 2019 60,893 - 60,893 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and 8,428,666 outstanding at December 31, 2019 - - - Additional paid-in capital 79,186 (8,991 ) 70,195 Treasury Stock, at cost, 78,000 shares at December 31, 2019 (314 ) - (314 ) Retained earnings (3,442 ) 8,244 4,802 Total stockholders’ equity 75,430 (747 ) 74,683 Total liabilities and stockholders’ equity $ 406,636 $ - $ 406,636 The tables below set forth the consolidated statements of operations amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Income from Operations $ 47,538 $ - $ 47,538 Other income/expenses Loss on sale of property and equipment (7 ) - (7 ) Interest expense (8,047 ) - (8,047 ) Change in fair value of warrant liabilities - (14,494 ) (14,494 ) Total other expense (8,054 ) (14,494 ) (22,548 ) Income before income tax expense 39,484 (14,494 ) 24,990 Income tax expense (10,364 ) - (10,364 ) Net income $ 29,120 $ (14,494 ) $ 14,626 Dividends of Series A Convertible Preferred Stock (6,283 ) - (6,283 ) Net income (loss) attributable to common stock and participating securities $ 22,837 $ (14,494 ) $ 8,343 EPS: Basic and diluted income (loss) per share $ 1.56 $ (0.99 ) $ 0.57 Weighted average shares outstanding basic and diluted 9,809,783 9,809,783 9,809,783 December 31. 2019 As Previously Reported Restatement As Restated Income from Operations $ 12,128 $ - $ 12,128 Other income/expenses Gain on sale of property and equipment 11 - 11 Interest expense (10,328 ) - (10,328 ) Change in fair value of warrant liabilities - 3,751 3,751 Total other expense (10,317 ) 3,751 (6,566 ) Income before income tax expense 1,811 3,751 5,562 Income tax expense (1,097 ) - (1,097 ) Net income $ 714 $ 3,751 $ 4,465 Dividends of Series A Convertible Preferred Stock (5,910 ) - (5,910 ) Net income (loss) attributable to common stock and participating securities $ (5,196 ) $ 3,751 $ (1,445 ) EPS: Basic and diluted income (loss) per share $ (0.53 ) $ 0.38 $ (0.15 ) Weighted average shares outstanding basic and diluted 9,781,870 9,781,870 9,781,870 December 31. 2018 As Previously Reported Restatement As Restated Income from Operations $ 7,698 $ - $ 7,698 Other income/expenses Gain on sale of property and equipment 1 - 1 Interest expense (8,001 ) - (8,001 ) Change in fair value of warrant liabilities - 4,493 4,493 Total other expense (8,000 ) 4,493 (3,507 ) Income before income tax expense (302 ) 4,493 4,191 Income tax expense (2,318 ) - (2,318 ) Net income $ (2,620 ) $ 4,493 $ 1,873 Dividends of Series A Convertible Preferred Stock (3,845 ) - (3,845 ) Deemed dividend on Series A Convertible Preferred Stock (3,392 ) (3,392 ) Net income (loss) attributable to common stock and participating securities $ (9,857 ) $ 4,493 $ (5,364 ) EPS: Basic and diluted income (loss) per share $ (1.02 ) $ 0.47 $ (0.55 ) Weighted average shares outstanding basic and diluted 9,668,250 9,668,250 9,668,250 The tables below set forth the consolidated statements of cash flow amounts originally reported, adjustments, and the restated balances for the years ended December 31, 2020, 2019 and 2018. December 31. 2020 As Previously Reported Restatement As Restated Net Income $ 29,120 $ (14,494 ) $ 14,626 Adjustments to reconcile net income to net cash provided by operating activities: 81,947 81,947 Change in fair value of warrant liabilities - 14,494 14,494 Net cash provided by operating activities 111,067 - 111,067 Net cash used in investing activities (30,324 ) - (30,324 ) Net cash used in financing activities (48,689 ) - (48,689 ) Net change in cash and cash equivalents 32,054 - 32,054 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 63,512 $ - $ 63,512 December 31. 2019 As Previously Reported Restatement As Restated Net Income $ 714 $ 3,751 $ 4,465 Adjustments to reconcile net income to net cash provided by operating activities: 38,208 38,208 Change in fair value of warrant liabilities - (3,751 ) (3,751 ) Net cash provided by operating activities 38,922 - 38,922 Net cash used in investing activities (19,406 ) - (19,406 ) Net cash used in financing activities (14,661 ) - (14,661 ) Net change in cash and cash equivalents 4,855 - 4,855 Cash - Beginning 26,603 - 26,603 Cash - Ending $ 31,458 $ - $ 31,458 December 31. 2018 As Previously Reported Restatement As Restated Net Income $ (2,620 ) $ 4,493 $ 1,873 Adjustments to reconcile net income to net cash provided by operating activities: (12,706 ) (12,706 ) Change in fair value of warrant liabilities - (4,493 ) (4,493 ) Net cash used in operating activities (15,326 ) - (15,326 ) Net cash used in investing activities (95,876 ) - (95,876 ) Net cash provided by financing activities 127,134 - 127,134 Net change in cash and cash equivalents 15,932 - 15,932 Cash - Beginning 10,671 - 10,671 Cash - Ending $ 26,603 $ - $ 26,603 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and nine months ended September 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the nine months ended September 30, 2020. September 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 397,905 $ - $ 397,905 Liabilities and Stockholder’ Equity Total current liabilities $ 137,808 $ - 137,808 Financing liability, non-current portion, net of debt discount 71,095 - 71,095 Long term debt, non-current portion, net of debt discount 10,512 - 10,512 Operating lease liability, non-current portion 12,841 - 12,841 Deferred tax liability 16,451 - 16,451 Warrant liabilities - 10,992 10,992 Total liabilities 248,707 10,992 259,699 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 54,983 - 54,983 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 9,593,150 shares issued and 9,451,851 outstanding at September 30, 2020 - - - Additional paid-in capital 78,931 (8,991 ) 69,940 Treasury Stock, at cost, 141,299 shares at September 30, 2020 (499 ) - (499 ) Retained earnings 15,783 (2,001 ) 13,782 Total stockholders’ equity 94,215 (10,992 ) 83,223 Total liabilities and stockholders’ equity $ 397,905 $ - $ 397,905 Three months ended September 30, 2020 (Unaudited) Nine months ended September 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 17,532 $ - $ 17,532 $ 36,944 $ - $ 36,944 Other income/expenses Loss on sale of property and equipment - - - (8 ) - (8 ) Interest expense (1,749 ) - (1,749 ) (6,262 ) - (6,262 ) Change in fair value of warrant liabilities - (7,899 ) (7,899 ) - (10,245 ) (10,245 ) Total other expense (1,749 ) (7,899 ) (9,648 ) (6,270 ) (10,245 ) (16,515 ) Income before income tax expense 15,783 (7,899 ) 7,884 30,674 (10,245 ) 20,429 Income tax expense (4,184 ) - (4,184 ) (8,020 ) - (8,020 ) Net income $ 11,599 $ (7,899 ) $ 3,700 $ 22,654 $ (10,245 ) $ 12,409 Dividends of Series A Convertible Preferred Stock (1,745 ) - (1,745 ) (5,073 ) - (5,073 ) Net income (loss) attributable to common stock and participating securities $ 9,854 $ (7,899 ) $ 1,955 $ 17,581 $ (10,245 ) $ 7,336 EPS: Basic and diluted income (loss) per share $ 0.55 $ (0.42 ) $ 0.13 $ 1.00 $ (0.50 ) $ 0.50 Weighted average shares outstanding basic and diluted 10,807,368 10,807,368 10,807,368 10,747,370 10,747,370 10,747,370 Nine Months Ended September 30, 2020 As Previously Reported Restatement As Restated Net Income $ 22,654 $ (10,245 ) $ 12,409 Adjustments to reconcile net income to net cash provided by operating activities: 119,247 119,247 Change in fair value of warrant liabilities - 10,245 10,245 Net cash provided by operating activities 141,901 - 141,901 Net cash used in investing activities (7,005 ) - (7,005 ) Net cash used in financing activities (84,700 ) - (84,700 ) Net change in cash and cash equivalents 50,196 - 50,196 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 81,654 $ - $ 81,654 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three and six months ended June 30, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the six months ended June 30, 2020. June 30, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 414,722 $ - $ 414,722 Liabilities and Stockholder’ Equity Total current liabilities $ 149,211 $ - 149,211 Financing liability, non-current portion, net of debt discount 71,403 - 71,403 Long term debt, non-current portion, net of debt discount 15,679 - 15,679 Operating lease liability, non-current portion 13,616 - 13,616 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 3,093 3,093 Total liabilities 266,359 3,093 269,452 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 64,221 - 64,221 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,548,524 shares issued and 8,407,225 outstanding at June 30, 2020 - - - Additional paid-in capital 78,712 (8,991 ) 69,721 Treasury Stock, at cost, 141,299 shares at June 30, 2020 (499 ) - (499 ) Retained earnings 5,929 5,898 11,827 Total stockholders’ equity 84,142 (3,093 ) 81,049 Total liabilities and stockholders’ equity $ 414,722 $ - $ 414,722 Three months ended June 30, 2020 (Unaudited) Six months ended June 30, 2020 (Unaudited) As Previously Reported Restatement As Restated As Previously Reported Restatement As Restated Income from Operations $ 12,628 $ - $ 12,628 $ 19,412 $ - $ 19,412 Other income/expenses Loss on sale of property and equipment (6 ) - (6 ) (8 ) - (8 ) Interest expense (2,018 ) - (2,018 ) (4,513 ) - (4,513 ) Change in fair value of warrant liabilities - (2,758 ) (2,758 ) - (2,346 ) (2,346 ) Total other expense (2,024 ) (2,758 ) (4,782 ) (4,521 ) (2,346 ) (6,867 ) Income before income tax expense 10,604 (2,758 ) 7,846 14,891 (2,346 ) 12,545 Income tax expense (2,536 ) - (2,536 ) (3,836 ) - (3,836 ) Net income $ 8,068 $ (2,758 ) $ 5,310 $ 11,055 $ (2,346 ) $ 8,709 Dividends of Series A Convertible Preferred Stock (1,684 ) - (1,684 ) (3,328 ) - (3,328 ) Net income attributable to common stock and participating securities $ 6,384 $ (2,758 ) $ 3,626 $ 7,727 $ (2,346 ) $ 5,381 EPS: Basic and diluted income per share $ 0.39 $ (0.14 ) $ 0.25 $ 0.48 $ (0.10 ) $ 0.38 Weighted average shares outstanding basic and diluted 9,715,677 9,715,677 9,715,677 9,736,133 9,736,133 9,736,133 Six Months Ended June 30, 2020 As Previously Reported Restatement As Restated Net Income $ 11,055 $ (2,346 ) $ 8,709 Adjustments to reconcile net income to net cash provided by operating activities: 72,555 72,555 Change in fair value of warrant liabilities - 2,346 2,346 Net cash provided by operating activities 83,610 - 83,610 Net cash used in investing activities (765 ) - (765 ) Net cash used in financing activities (52,253 ) - (52,253 ) Net change in cash and cash equivalents 30,592 - 30,592 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 62,050 $ - $ 62,050 The tables below set forth the unaudited condensed consolidated balance sheet and condensed consolidated statement of operations originally reported, adjustments, and the restated balances as of and for the three months ended March 31, 2020 and the condensed consolidated statement of cash flow amounts originally reported, adjustments, and the restated balances for the three months ended March 31, 2020. March 31, 2020 (unaudited) As Previously Reported Restatement As Restated Total Assets $ 428,130 $ - $ 428,130 Liabilities and Stockholder’ Equity Total current liabilities $ 181,526 $ - 181,526 Financing liability, non-current portion, net of debt discount 68,158 - 68,158 Long term debt, non-current portion, net of debt discount 7,746 - 7,746 Operating lease liability, non-current portion 14,405 - 14,405 Deferred tax liability 16,450 - 16,450 Warrant liabilities - 335 335 Total liabilities 288,285 335 288,620 Commitments and Contingencies Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2020; liquidation preference of $60,000 as of December 31, 2020 62,537 - 62,537 Stockholders’ Equity Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; - - - Common stock, $0.0001 par value; 100,000,000 shares authorized; 8,506,666 shares issued and outstanding at March 31, 2020 - - - Additional paid-in capital 78,222 (8,991 ) 69,231 Treasury Stock, at cost, 122,729 shares at March 31, 2020 (459 ) - (459 ) (Accumulated deficit) Retained earnings (455 ) 8,656 8,201 Total stockholders’ equity 77,308 (335 ) 76,973 Total liabilities and stockholders’ equity $ 428,130 $ - $ 428,130 Three months ended March 31, 2020 (Unaudited) As Previously Reported Restatement As Restated Income from Operations $ 6,784 $ - $ 6,784 Other income/expenses Loss on sale of property and equipment (2 ) - (2 ) Interest expense (2,495 ) - (2,495 ) Change in fair value of warrant liabilities - 412 412 Total other expense (2,497 ) 412 (2,085 ) Income before income tax expense 4,287 412 4,699 Income tax expense (1,300 ) - (1,300 ) Net income $ 2,987 $ 412 $ 3,399 Dividends of Series A Convertible Preferred Stock (1,644 ) - (1,644 ) Net income attributable to common stock and participating securities $ 1,343 $ 412 $ 1,755 EPS: Basic and diluted income per share $ 0.08 $ 0.04 $ 0.12 Weighted average shares outstanding basic and diluted 9,757,036 9,757,036 9,757,036 Three Months Ended March 31, 2020 As Previously Reported Restatement As Restated Net Income $ 2,987 $ 412 $ 3,399 Adjustments to reconcile net income to net cash provided by operating activities: 13,140 13,140 Change in fair value of warrant liabilities - (412 ) (412 ) Net cash provided by operating activities 16,127 - 16,127 Net cash provided by investing activities 3,158 - 3,158 Net cash used in financing activities (7,474 ) - (7,474 ) Net change in cash and cash equivalents 11,811 - 11,811 Cash - Beginning 31,458 - 31,458 Cash - Ending $ 43,269 $ - $ 43,269
Schedule of Disaggregation of Revenue	The following table represents the Company’s disaggregation of revenue: For the year ended For the year ended December 31, 2020 December 31, 2019 New vehicle revenue $ 479,611 $ 353,228 Preowned vehicle revenue 250,261 213,830 Parts, accessories, and related services 38,630 35,607 Finance and insurance revenue 45,123 36,698 Campground, rental, and other revenue 3,485 5,549 $ 817,110 $ 644,912
Schedule of Revenue Recognized of Finance and Insurance Revenues	The Company recognized finance and insurance revenues, less the addition to the charge-back allowance, which is included in other revenue as follows: For the year ended For the year ended December 31, 2020 December 31, 2019 Gross finance and insurance revenues $ 50,341 $ 41,169 Additions to charge-back allowance (6,217 ) (4,471 ) Net Finance Revenue $ 44,124 $ 36,698
Summary of Net Income (Loss) Attribute to Common Stockholders	The following table summarizes net income (loss) attributable to common stockholders used in the calculation of basic and diluted loss per common share: Year ended Year ended (Dollars in thousands - except share and per share amounts) December 31. 2020 (Restated) December 31, 2019 (Restated) Distributed earning allocated to common stock $ - $ - Undistributed earnings allocated to common stock 5,579 (1,445 ) Net earnings allocated to common stock 5,579 (1,445 ) Net earnings allocated to participating securities 2,764 - Net earnings allocated to common stock and participating securities $ 8,343 $ (1,445 ) Weighted average shares outstanding for basic earning per common share 9,809,783 9,781,870 Dilutive effect of warrants and options - - Weighted average shares outstanding for diluted earnings per share computation 9,809,783 9,781,870 Basic income per common share $ 0.57 $ (0.15 ) Diluted income per common share $ 0.57 $ (0.15 )
Schedule of Denominator of Basic Earnings Per Share	During the years ended December 31, 2020 and 2019, respectively, the denominator of the basic EPS was calculated as follows: Year ended Year ended December 31, 2020 December 31, 2019 Weighted average outstanding common shares 9,509,426 8,442,371 Weighted average prefunded warrants 300,357 1,339,499 Weighted shares outstanding - basic 9,809,783 9,781,870
Schedule of Denominator of Dilutive Earnings Per Share	During the years ended December 31, 2020 and 2019, respectively, the denominator of the dilutive EPS was calculated as follows: Year ended Year ended December 31, 2020 December 31, 2019 Weighted average outstanding common shares 9,509,426 8,442,371 Weighted average prefunded warrants 300,357 1,339,499 Weighted average warrants 1,068,198 - Weighted average options 1,128,295 - Weighted average convertible preferred stock 6,082,981 - Weighted shares outstanding - diluted 18,089,257 9,781,870
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share	For the years ended December 31, 2020 and 2019, respectively, the following common stock equivalent shares were excluded from the computation of the diluted income (loss) per share, since their inclusion would have been anti-dilutive: Year ended Year ended December 31, 2020 December 31, 2019 Shares underlying Series A Convertible Preferred Stock - 5,962,733 Shares underlying warrants - 4,677,458 Stock options - 3,798,818 Shares issuable under the Employee Stock Purchase Plan 54,721 49,300 Share equivalents excluded from EPS 54,721 14,488,309
Schedule of Geographic Concentration Risk Percentage	Revenues generated by customers of the Florida locations, the Colorado locations, and the Arizona locations which generate greater than 10% of revenues, were as follows: For the year ended For the year ended December 31, 2020 December 31, 2019 Florida 63 % 68 % Colorado 14 % 14 % Arizona 10 % <10 %

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	As a result, the Company determined its preliminary allocation of the fair value of the assets acquired and the liabilities assumed for these dealerships as follows: 2020 2019 Inventories $ 18,932 $ 12,171 Accounts receivable and prepaid expenses 1,167 53 Property and equipment 5,417 77 Intangible assets 8,480 2,630 Total assets acquired 33,996 14,931 Accounts payable, accrued expenses and other current liabilities 1,004 243 Floor plan notes payable 20,855 11,434 Total liabilities assumed 21,859 11,677 Net assets acquired $ 12,137 $ 3,254
Schedule of Fair Value of Consideration Paid	The fair value of consideration paid was as follows: 2020 2019 Purchase Price: $ 16,653 $ 2,568 Cash consideration paid (107 ) Note payable issued to former owners 1,600 3,045 $ 18,253 $ 5,506
Schedule of Goodwill Associated with Merger	Goodwill represents the excess of the purchase price over the estimated fair value assigned to tangible and identifiable intangible assets acquired and liabilities assumed from Alliance, Korges, Total RV and Camp-Land. Goodwill associated with the transaction is detailed below: 2020 2019 Total consideration $ 18,253 $ 5,506 Less net assets acquired 12,137 3,254 Goodwill $ 6,116 $ 2,252
Schedule of Identifiable Intangible Assets Acquired	The following table summarizes the Company’s allocation of the purchase price to the identifiable intangible assets acquired as of the date of the closing during 2019. Gross Asset Amount at Weighted Average Amortization Period in Years Customer Lists $ 230 7 years Dealer Agreements $ 2,400 7 years The following table summarizes the Company’s preliminary allocation of the purchase price to the identifiable intangible assets acquired as of the date of the closing during 2020 Gross Asset Amount at Acquisition Date Weighted Average Amortization Period in Years Customer Lists $ 250 8-10 years Dealer Agreements $ 8,000 8-10 years Noncompete Agreement $ 230 5 years
Schedule of Pro Forma Financial Information	The following unaudited pro forma financial information summarizes the combined results of operations for the Company as though the purchase of Alliance, Korges, Total RV and Camp-Land had been consummated on January 1, 2019. For the year ended For the year ended December 31, 2020 (Restated) December 31, 2019 (Restated) Revenue $ 881,122 $ 791,408 Income before income taxes $ 40,717 $ 2,289 Net income $ 30,094 $ 1,092

Receivables, Net (Tables)

Receivables, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: As of As of December 31, 2020 December 31, 2019 Contracts in transit and vehicle receivables $ 15,995 $ 11,544 Manufacturer receivables 2,705 3,539 Finance and other receivables 1,423 1,324 20,123 16,407 Less: Allowance for doubtful accounts (659 ) (382 ) $ 19,464 $ 16,025

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: As of As of December 31, 2020 December 31, 2019 New recreational vehicles $ 92,434 $ 124,096 Pre-owned recreational vehicles 22,967 36,639 Parts, accessories and other 4,493 3,848 119,894 164,583 Less: excess of current cost over LIFO (3,627 ) (3,719 ) $ 116,267 $ 160,864

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consist of the following: As of As of December 31, December 31, 2020 2019 Land $ 25,954 $ 22,496 Building and improvements including leasehold improvements 74,767 62,206 Furniture and equipment 8,572 6,747 Company vehicles 987 747 Construction in progress 13,606 5,603 123,886 97,799 Less: Accumulated depreciation and amortization (17,566 ) (10,923 ) $ 106,320 $ 86,876
Schedule of Depreciation and Amortization	Depreciation and amortization expense is set forth in the table below: As of As of December 31, 2020 December 31, 2019 Depreciation 6,682 6,848

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Accumulated Amortization	Intangible assets and the related accumulated amortization are summarized as follows: As of December 31, 2020 As of December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Asset Value Gross Carrying Amount Accumulated Amortization Net Asset Value Amortizable intangible assets: Manufacturer relationships $ 43,800 $ 8,901 $ 34,899 $ 35,800 $ 5,180 $ 30,620 Customer relationships 9,790 2,233 7,557 9,540 1,406 8,134 Non-Compete agreements 230 29 201 - - - 53,820 11,163 42,657 45,340 6,586 38,754 Non-amortizable intangible assets: Trade names and trademarks 30,100 - 30,100 30,100 - 30,100 $ 83,920 $ 11,163 $ 72,757 $ 75,440 $ 6,586 $ 68,854
Schedule of Amortization Expense	Amortization expense is set forth in the table below: As of As of December 31, December 31, 2020 2019 Amortization $ 4,580 $ 3,965
Schedule of Estimated Future Amortization	Estimated future amortization expense is as follows: Years ending 2021 $ 5,120 2022 5,120 2023 5,120 2024 5,120 2025 5,051 Thereafter 17,126 $ 42,657

Financing Liability (Tables)

Financing Liability (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Financing Liability	The financing liabilities, net of debt discount, is summarized as follows: As of As of December 31, December 31, 2020 2019 Financing liability $ 80,254 $ 64,568 Debt discount (158 ) (75 ) Financing liability, net of debt discount 80,096 64,493 Less: current portion 1,462 936 Financing liability, non-current portion $ 78,634 $ 63,557
Schedule of Future Minimum Payments of Sale Leaseback Transactions	The future minimum payments required by the arrangements are as follows: Total Years ending December 31, Principal Interest Payments 2021 1,639 5,233 6,872 2022 1,890 5,329 7,219 2023 2,168 5,196 7,364 2024 2,469 5,042 7,511 2025 2,794 4,868 7,662 Thereafter 56,513 34,792 91,305 $ 67,473 $ 60,460 $ 127,933

Accounts Payable, Accrued Exp_2

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accounts Payable, Accrued Expenses and Other Current Liabilities	Accounts payable, accrued expenses and other current liabilities consist of the following: As of December 31, 2020 As of December 31, 2019 Accounts payable $ 18,077 $ 11,231 Other accrued expenses 4,713 3,392 Customer deposits 6,002 2,267 Accrued compensation 4,311 2,388 Accrued charge-backs 5,553 4,221 Accrued interest 125 356 Total $ 38,781 $ 23,855

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity Date Operating Leases 2021 3,838 2022 3,520 2023 3,317 2024 2,586 2025 1,939 Thereafter 2,179 Total lease payments 17,379 Less: Imputed Interest 2,159 Present value of lease liabilities $ 15,220
Schedule of Supplemental Cash Flow Information Related to Leases	The following presents supplemental cash flow information related to leases during 2020: For the year ended December 31, 2020 Cash paid for amounts included in the measurement of lease liability: Operating cash flows for operating leases $ 3,809 ROU assets obtained in exchange for lease liabilities: Operating leases $ 756 Finance lease $ 4,015 $ 4,771

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Floor Plan Notes Payable	The M&T Floor Plan Line of Credit consists of the following as of December 31, 2020 and 2019: As of December 31, 2020 As of December 31, 2019 Floor plan notes payable, gross $ 105,486 $ 144,133 Debt discount (87 ) (184 ) Floor plan notes payable, net of debt discount $ 105,399 $ 143,949
Schedule of Long Term Debt	Long-term debt consists of the following as of December 31, 2020 and 2019: As of December 31, 2020 As of December 31, 2019 Gross Principal Amount Debt Discount Total Debt, Net of Debt Discount Gross Principal Amount Debt Discount Total Debt, Net of Debt Discount Term loan and Mortgage $ 18,758 $ (41 ) $ 18,717 $ 14,925 $ (47 ) $ 14,878 Paycheck Protection Program Loans 8,704 - $ 8,704 Acquisition notes payable (See Note 3) 5,185 - 5,185 6,688 - 6,688 Total long-term debt 32,647 (41 ) 32,606 21,613 (47 ) 21,566 Less: current portion 24,161 - 24,161 5,993 - 5,993 Long term debt, non-current $ 8,486 $ (41 ) $ 8,445 $ 15,620 $ (47 ) $ 15,573
Schedule of Future Maturities of Long Term Debt	Future Maturities of Long Term Debt Years ending December 31, 2021 $ 24,161 2022 5,824 2023 1,844 2024 396 2025 422 Total $ 32,647

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The components of the Company’s income tax expense are as follows: Year ended December 31, 2020 Year ended December 31, 2019 Current: Federal $ 9,187 $ 2,699 State 2,536 664 11,723 3,363 Deferred: Federal (1,177 ) (1,746 ) State (182 ) (520 ) (1,359 ) (2,266 ) Income tax expense $ 10,364 $ 1,097
Schedule of Income Taxes Calculated Using Statutory Federal Income Tax Rate	A reconciliation of income taxes calculated using the statutory federal income tax rate (21% in 2020 and 2019) to the Company’s income tax expense is as follows: Year Ended Year Ended (Restated) (Restated) Amount % Amount % Income taxes at statutory rate $ 5,248 21.0 % $ 1,168 21.0 % Non-deductible expense 40 0.2 % 43 0.8 % State income taxes, net of federal tax effect 1,856 7.4 % (75 ) -1.4 % Transaction costs - 0.0 % (61 ) -1.1 % Stock-based compensation and officer compensation 235 0.9 % 824 14.0 % Change in fair value of warrant liabilities 3,043 12.2 % -788 -14.2 % Other credits and changes in estimate (58 ) -0.2 % (14 ) 0.6 % Income tax expense $ 10,364 41.5 % $ 1,097 19.7 %
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities were as follows: As of As of December 31, December 31, 2020 2019 Deferred tax assets: Accounts receivable $ 167 $ 96 Accrued charge-backs 1,412 1,063 Other accrued liabilities 1,530 166 Financing liability 15,085 16,247 Stock based compensation 1,009 894 Other, net 535 262 19,738 18,728 Deferred tax liabilities: Prepaid expenses (198 ) (271 ) Goodwill (480 ) (370 ) Inventories (5,343 ) (4,702 ) Property and equipment (15,073 ) (15,457 ) Intangible assets (13,735 ) (14,378 ) (34,829 ) (35,178 ) Net deferred tax (liabilities)/assets $ (15,091 ) $ (16,450 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Warrants Activity	The Company had the following activity related to shares underlying warrants: Shares Underlying Warrants Weighted Average Exercise Price Warrants outstanding January 1, 2020 4,677,458 $ 11.50 Granted - $ - Cancelled or Expired - $ - Exercised (45,371 ) $ 11.50 Warrants outstanding December 31, 2020 4,632,087 $ 11.50
Schedule of Fair Values for Outstanding Warrants Liabilities	The Company determined the following fair values for the outstanding warrants recorded as liabilities at December 31: 2020 2019 (Restated) (Restated) PIPE Warrants $ 13,716 $ 555 Private Warrants 1,380 192 Total warrant liabilities $ 15,096 $ 747
Schedule of Stock Option Activity	Stock option activity is summarized below: Shares Underlying Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Options outstanding at January 1, 2020 3,798,818 $ 10.63 Granted 530,000 $ 10.08 Cancelled or terminated (203,809 ) $ (9.76 ) Exercised (61,647 ) $ (10.72 ) Options outstanding at December 31, 2020 4,063,362 $ 10.60 2.65 $ 22,954 Options vested at December 31, 2020 1,085,720 $ 11.10 2.23 $ 5,626
Schedule of Fair Value Assumptions of Awards	The fair value of the awards of $1,915 was determined using the Black-Scholes option pricing model based on the follow range of assumptions: Year ended December 31, 2020 Risk free interest rate 0.25% - 0.43% Expected term (years) 3.50-3.75 Expected volatility 55% - 73% Expected dividends 0.00 %

Fair Value Measures (Tables)

Fair Value Measures (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value Adjustments Warrant Liabilities	December 31, 2020 (Restated) December 31, 2019 (Restated) Carrying Amount Level 1 Level 2 Level 3 Carrying Amount Level 1 Level 2 Level 3 PIPE Warrants $ 13,716 $ 13,716 $ - $ - $ 555 $ 555 $ - $ - Private Warrants 1,380 - - 1,380 192 - - 192 Total $ 15,096 $ 13,716 $ - $ 1,380 $ 747 $ 555 $ - $ 192
Schedule of Fair Value Measurements	The following table provides quantitative information regarding Level 3 fair value measurements: December 31, 2020 (Restated) December 31, 2019 Stock Price $ 16.25 $ 4.10 Strike Price $ 11.50 $ 11.50 Expected life 2.20 3.21 Volatility 81.2 % 80.9 % Risk Free rate 0.14 % 1.61 % Dividend yield 0.00 % 0.00 % Fair value of warrants $ 4.45 $ 0.62
Schedule of Liabilities Measured at Fair Value	The following table presents changes in Level 1 and Level 3 liabilities measured at fair value for the year ended December 31, 2020 and 2019: December 31, 2020 (Restated) December 31, 2019 (Restated) PIPE Warrants Private Warrants PIPE Warrants Private Warrants Balance - beginning of year $ 555 $ 192 $ 4,163 $ 335 Exercise or conversion (145 ) - - - Measurement adjustment 13,307 1,187 (3,608 ) (143 ) Balance - end of year $ 13,717 $ 1,379 $ 555 $ 192

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited and Restated) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following tables present certain unaudited consolidated quarterly financial information for each of the quarters previously issued in 2020, 2019 and 2018. 2020 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 6,784 $ 12,628 $ 17,532 Other income/expenses (1) (2,085 ) (4,782 ) (9,648 ) Income tax expense (1,300 ) (2,536 ) (4,184 ) Net income (1) $ 3,399 $ 5,310 $ 3,700 Dividends of Series A Convertible Preferred Stock (1,644 ) (1,684 ) (1,745 ) Net income attributable to common stock and participating securities $ 1,755 $ 3,626 $ 1,955 EPS: Basic and diluted income per share (1) $ 0.12 $ 0.25 $ 0.13 Weighted average shares outstanding basic and diluted 9,757,036 9,715,677 10,807,368 2019 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 6,058 $ 6,488 $ 763 Other income/expenses (1) (1,074 ) (577 ) (2,382 ) Income tax expense (1,185 ) (2,099 ) (941 ) Net income (1) $ 3,799 $ 3,812 $ (2,560 ) Dividends of Series A Convertible Preferred Stock (1,184 ) (1,525 ) (1,581 ) Net income (loss) attributable to common stock and participating securities $ 2,615 $ 2,287 $ (4,141 ) EPS: Basic and diluted income (loss) per share (1) $ 0.17 $ 0.14 $ (0.42 ) Weighted average shares outstanding basic and diluted 9,695,234 9,811,107 9,811,107 2018 Quarter Ended (unaudited and restated) March 31 June 30 September 30 Income from Operations $ 1,825 $ 5,241 $ 849 Other income/expenses (1) (934 ) (2,460 ) (1,153 ) Income tax expense (449 ) (1,176 ) (1,141 ) Net income (1) $ 442 $ 1,605 $ (1,445 ) Dividends of Series A Convertible Preferred Stock (210 ) (1,215 ) (1,210 ) Deemed dividend on Series A Convertible Preferred Stock (3,392 ) Net income (loss) attributable to common stock and participating securities $ (3,160 ) $ 390 $ (2,655 ) EPS: Basic and diluted income (loss) per share (1) $ (0.33 ) $ 0.02 $ (0.27 ) Weighted average shares outstanding basic and diluted 9,668,250 9,668,250 9,668,250

Significant Accounting Polici_4

Significant Accounting Policies (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jun. 14, 2021	Jun. 10, 2021	Mar. 17, 2021	Feb. 13, 2021	Mar. 15, 2018	Apr. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Jan. 02, 2020	Aug. 07, 2018	Dec. 23, 2015
Fdic insured amount							$ 250
Cash equivalents
Accrued charge-backs							5,553	4,221
Lifo inventory value exceeds							3,627	3,719
Amortization of debt discount							170	220
Impairment of long-lived assets
Advertising and promotion costs							12,941	12,083
Operating lease liability							15,220		$ 17,800	$ 1,780	$ 11,000
Operating lease, right-of-use asset							$ 15,472		$ 17,800
M&T Facility [Member]
Line of credit facility, maturity date					Mar. 15, 2021
Subsequent Event [Member] | Four PPP Loans [Member]
Debt forgiveness		$ 2,136
Subsequent Event [Member] | M&T Facility [Member]
Line of credit facility, maturity date	Sep. 15, 2021			Jun. 15, 2021
COVID-19 [Member]
Reduction of workforce percentage						25.00%
Proceeds from loans						$ 8,700
Vendor 1 [Member]
Concentration risk, percentage							26.10%	33.90%
Vendor 2 [Member]
Concentration risk, percentage							25.00%	20.50%
Vendor 3 [Member]
Concentration risk, percentage							24.00%	20.20%
Vendor 4 [Member]
Concentration risk, percentage							19.50%	14.70%
Two Institutional Investors [Member] | Subsequent Event [Member]
Number of shares issued			1,005,308
Proceeds from issuance of common stock			$ 11,315,250
Minimum [Member]
Goodwill and intangible assets likelihood, percentage							50.00%
Minimum [Member] | Manufacturer and Customer Relationships [Member]
Intangible assets useful life							7 years
Maximum [Member] | Manufacturer and Customer Relationships [Member]
Intangible assets useful life							12 years
Building and Improvements [Member] | Minimum [Member]
Property, plant and equipment, useful life							2 years
Building and Improvements [Member] | Maximum [Member]
Property, plant and equipment, useful life							39 years
Vehicles and Equipment [Member] | Minimum [Member]
Property, plant and equipment, useful life							2 years
Vehicles and Equipment [Member] | Maximum [Member]
Property, plant and equipment, useful life							12 years
Shipping and Handling [Member]
Shipping and handling included as a component of revenue							$ 3,262	$ 2,284
Private Warrants [Member]
Number of warrant to purchase shares of common stock					155,000
Shares issued, price per share					$ 11.50
PIPE Warrants [Member]
Number of warrant to purchase shares of common stock					2,522,458
Shares issued, price per share					$ 11.50

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Originally Reported, Adjustments, and Restated Amounts (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																		6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Total Assets	$ 397,905		$ 414,722		$ 428,130														$ 414,722	$ 397,905	$ 443,998	$ 406,636
Total current liabilities	137,808		149,211		181,526														149,211	137,808	174,177	174,733
Financing liability, non-current portion, net of debt discount	71,095		71,403		68,158														71,403	71,095	78,634	63,557
Long term debt, non-current portion, net of debt discount	10,512		15,679		7,746														15,679	10,512	8,445	15,573
Operating lease liability, non-current portion	12,841		13,616		14,405														13,616	12,841	12,056
Deferred tax liability	16,451		16,450		16,450														16,450	16,451	15,091	16,450
Warrant liabilities	10,992		3,093		335														3,093	10,992	15,096	747
Total liabilities	259,699		269,452		288,620														269,452	259,699	303,499	271,060
Commitments and Contingencies
Series A Convertible Preferred Stock , Value	54,983		64,221		62,537														64,221	54,983	54,983	60,893
Preferred Stock, Value
Common stock,Value
Additional paid-in capital	69,940		69,721		69,231														69,721	69,940	71,226	70,195
Treasury Stock, Value	(499)		(499)		(459)														(499)	(499)	(499)	(314)
Retained earnings	13,782		11,827		8,201														11,827	13,782	14,789	4,802
Total stockholders' equity	83,223		81,049		76,973														81,049	83,223	85,516	74,683	$ 71,952
Total liabilities and stockholders' equity	397,905		414,722		428,130														414,722	397,905	443,998	406,636
Income from Operations	17,532		12,628		6,784		$ 763		$ 6,488		$ 6,058		$ 849		$ 5,241		$ 1,825		19,412	36,944	47,538	12,128	7,698
Loss on sale of property and equipment			(6)		(2)														(8)	(8)	(7)	11	1
Interest expense	(1,749)		(2,018)		(2,495)														(4,513)	(6,262)	(8,047)	(10,328)	(8,001)
Change in fair value of warrant liabilities					412														(2,346)	(10,245)	(14,494)	3,751	4,493
Total other expense	(9,648)		(4,782)		(2,085)														(6,867)	(16,515)	(22,548)	(6,566)	(3,507)
Income before income tax expense	7,884		7,846		4,699														12,545	20,429	24,990	5,562	4,191
Income tax expense	(4,184)		(2,536)		(1,300)		(941)		(2,099)		(1,185)		(1,141)		(1,176)		(449)		(3,836)	(8,020)	10,364	1,097	(2,318)
Net income	3,700	[1]	5,310	[1]	3,399	[1]	(2,560)	[1]	3,812	[1]	3,799	[1]	(1,445)	[1]	1,605	[1]	442	[1]	8,709	12,409	14,626	4,465	1,873
Dividends of Series A Convertible Preferred Stock	(1,745)		(1,684)		(1,644)		(1,581)		(1,525)		(1,184)		(1,210)		(1,215)		(210)		(3,328)	(5,073)	(6,283)	(5,910)	(3,845)
Deemed dividend on Series A Convertible Preferred Stock																	(3,392)						(3,392)
Net income (loss) attributable to common stock and participating securities	$ 1,955		$ 3,626		$ 1,755		$ (4,141)		$ 2,287		$ 2,615		$ (2,655)		$ 390		$ (3,160)		$ 5,381	$ 7,336	$ 8,343	$ (1,445)	$ (5,364)
Basic and diluted income (loss) per share	$ 0.13	[1]	$ 0.25	[1]	$ 0.12	[1]	$ (0.42)	[1]	$ 0.14	[1]	$ 0.17	[1]	$ (0.27)	[1]	$ 0.02	[1]	$ (0.33)	[1]	$ 0.38	$ 0.50	$ 0.57	$ (0.15)	$ (0.55)
Weighted average shares outstanding basic and diluted	10,807,368		9,715,677		9,757,036		9,811,107		9,811,107		9,695,234		9,668,250		9,668,250		9,668,250		9,736,133	10,747,370	9,809,783	9,781,870	9,668,250
Net Income	$ 3,700	[1]	$ 5,310	[1]	$ 3,399	[1]	$ (2,560)	[1]	$ 3,812	[1]	$ 3,799	[1]	$ (1,445)	[1]	$ 1,605	[1]	$ 442	[1]	$ 8,709	$ 12,409	$ 14,626	$ 4,465	$ 1,873
Adjustments to reconcile net income to net cash provided by operating activities:					13,140														72,555	119,247	96,441	34,457	(12,706)
Change in fair value of warrant liabilities					(412)														2,346	10,245	14,494	(3,751)	(4,493)
Net cash provided by operating activities					16,127														83,610	141,901	111,067	38,922	(15,326)
Net cash used in investing activities					3,158														(765)	(7,005)	(30,324)	(19,406)	(95,876)
Net cash used in financing activities					(7,474)														(52,253)	(84,700)	(48,689)	(14,661)	127,134
Net change in cash and cash equivalents					11,811														30,592	50,196	32,054	4,855	15,932
Cash - Beginning					31,458						26,603						10,671		31,458	31,458	31,458	26,603	10,671
Cash - Ending																					63,512	31,458	26,603
As Previously Reported [Member]
Total Assets	397,905		414,722		428,130														414,722	397,905	443,998	406,636
Total current liabilities	137,808		149,211		181,526														149,211	137,808	174,177	174,733
Financing liability, non-current portion, net of debt discount	71,095		71,403		68,158														71,403	71,095	78,634	63,557
Long term debt, non-current portion, net of debt discount	10,512		15,679		7,746														15,679	10,512	8,445	15,573
Operating lease liability, non-current portion	12,841		13,616		14,405														13,616	12,841	12,056
Deferred tax liability	16,451		16,450		16,450														16,450	16,451	15,091	16,450
Warrant liabilities
Total liabilities	248,707		266,359		288,285														266,359	248,707	288,403	270,313
Commitments and Contingencies
Series A Convertible Preferred Stock , Value	54,983		64,221		62,537														64,221	54,983	54,983	60,893
Preferred Stock, Value
Common stock,Value
Additional paid-in capital	78,931		78,712		78,222														78,712	78,931	80,072	79,186
Treasury Stock, Value	(499)		(499)		(459)														(499)	(499)	(499)	(314)
Retained earnings	15,783		5,929		(455)														5,929	15,783	21,039	(3,442)
Total stockholders' equity	94,215		84,142		77,308														84,142	94,215	100,612	75,430
Total liabilities and stockholders' equity	397,905		414,722		428,130														414,722	397,905	443,998	406,636
Income from Operations	17,532		12,628		6,784														19,412	36,944	47,538	12,128	7,698
Loss on sale of property and equipment			(6)		(2)														(8)	(8)	(7)	11	1
Interest expense	(1,749)		(2,018)		(2,495)														(4,513)	(6,262)	(8,047)	(10,328)	(8,001)
Change in fair value of warrant liabilities
Total other expense	(1,749)		(2,024)		(2,497)														(4,521)	(6,270)	(8,054)	(10,317)	(8,000)
Income before income tax expense	15,783		10,604		4,287														14,891	30,674	39,484	1,811	(302)
Income tax expense	(4,184)		(2,536)		(1,300)														(3,836)	(8,020)	(10,364)	(1,097)	(2,318)
Net income	11,599		8,068		2,987														11,055	22,654	29,120	714	(2,620)
Dividends of Series A Convertible Preferred Stock	(1,745)		(1,684)		(1,644)														(3,328)	(5,073)	(6,283)	(5,910)	(3,845)
Deemed dividend on Series A Convertible Preferred Stock																							(3,392)
Net income (loss) attributable to common stock and participating securities	$ 9,854		$ 6,384		$ 1,343														$ 7,727	$ 17,581	$ 22,837	$ (5,196)	$ (9,857)
Basic and diluted income (loss) per share	$ 0.55		$ 0.39		$ 0.08														$ 0.48	$ 1	$ 1.56	$ (0.53)	$ (1.02)
Weighted average shares outstanding basic and diluted	10,807,368		9,715,677		9,757,036														9,736,133	10,747,370	9,809,783	9,781,870	9,668,250
Net Income	$ 11,599		$ 8,068		$ 2,987														$ 11,055	$ 22,654	$ 29,120	$ 714	$ (2,620)
Adjustments to reconcile net income to net cash provided by operating activities:					13,140														72,555	119,247	81,947	38,208	(12,706)
Change in fair value of warrant liabilities
Net cash provided by operating activities					16,127														83,610	141,901	111,067	38,922	(15,326)
Net cash used in investing activities					3,158														(765)	(7,005)	(30,324)	(19,406)	(95,876)
Net cash used in financing activities					(7,474)														(52,253)	(84,700)	(48,689)	(14,661)	127,134
Net change in cash and cash equivalents					11,811														30,592	50,196	32,054	4,855	15,932
Cash - Beginning					31,458						26,603						10,671		31,458	31,458	31,458	26,603	10,671
Cash - Ending																					63,512	31,458	26,603
Restatement Adjustments [Member]
Total Assets
Total current liabilities
Financing liability, non-current portion, net of debt discount
Long term debt, non-current portion, net of debt discount
Operating lease liability, non-current portion
Deferred tax liability
Warrant liabilities	10,992		3,093		335														3,093	10,992	15,096	747
Total liabilities	10,992		3,093		335														3,093	10,992	15,096	747
Commitments and Contingencies
Series A Convertible Preferred Stock , Value
Preferred Stock, Value
Common stock,Value
Additional paid-in capital	(8,991)		(8,991)		(8,991)														(8,991)	(8,991)	(8,846)	(8,991)
Treasury Stock, Value
Retained earnings	(2,001)		5,898		8,656														5,898	(2,001)	(6,250)	8,244
Total stockholders' equity	(10,992)		(3,093)		(335)														(3,093)	(10,992)	(15,096)	(747)
Total liabilities and stockholders' equity
Income from Operations
Loss on sale of property and equipment
Interest expense
Change in fair value of warrant liabilities					412														(2,346)	(10,245)	(14,494)	3,751	4,493
Total other expense	(7,899)		(2,758)		412														(2,346)	(10,245)	(14,494)	3,751	4,493
Income before income tax expense	(7,899)		(2,758)		412														(2,346)	(10,245)	(14,494)	3,751	4,493
Income tax expense
Net income	(7,899)		(2,758)		412		$ (74)		$ 1,954		$ 1,955		$ 1,284		$ (237)		$ (249)		(2,346)	(10,245)	(14,494)	3,751	4,493
Dividends of Series A Convertible Preferred Stock
Net income (loss) attributable to common stock and participating securities	$ (7,899)		$ (2,758)		$ 412														$ (2,346)	$ (10,245)	$ (14,494)	$ 3,751	$ 4,493
Basic and diluted income (loss) per share	$ (0.42)		$ (0.14)		$ 0.04		$ (0.01)		$ 0.12		$ 0.13		$ 0.14		$ (0.02)		$ (0.03)		$ (0.1)	$ (0.50)	$ (0.99)	$ 0.38	$ 0.47
Weighted average shares outstanding basic and diluted	10,807,368		9,715,677		9,757,036														9,736,133	10,747,370	9,809,783	9,781,870	9,668,250
Net Income	$ (7,899)		$ (2,758)		$ 412		$ (74)		$ 1,954		$ 1,955		$ 1,284		$ (237)		$ (249)		$ (2,346)	$ (10,245)	$ (14,494)	$ 3,751	$ 4,493
Adjustments to reconcile net income to net cash provided by operating activities:
Change in fair value of warrant liabilities					(412)														2,346	10,245	14,494	(3,751)	(4,493)
Net cash provided by operating activities
Net cash used in investing activities
Net cash used in financing activities
Net change in cash and cash equivalents
Cash - Beginning
Cash - Ending
[1]	Due to the impact of the restatement described in Note 2, amounts presented herein do not agree to amounts included within previously filed Form 10-Q's. For the quarters ended March 31, June 30, and September 30, 2020: Net income has been adjusted by $412, ($2,758), and ($7,899), respectively; loss per share - basic and diluted has been adjusted by $0.04, ($0.14), and ($0.42), respectively. For the quarters ended March 31, June 30 and September 30, 2019: Net income has been adjusted by $1,955, $1,954 and ($74), respectively; loss per share - basic and diluted has been adjusted by $0.13, $0.12, and ($0.01), respectively. For the quarters ended March 31, June 30 and September 20, 2018: Net income has been adjusted by ($249), ($237), and $1,284, respectively; loss per share - basic and diluted has been adjusted by ($0.03), ($0.02), and $0.14, respectively.

Significant Accounting Polici_6

Significant Accounting Policies - Schedule of Originally Reported, Adjustments, and Restated Amounts (Details) (Parenthetical) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Series A convertible preferred stock, shares designated	600,000				600,000
Series A convertible preferred stock, shares issued	600,000				600,000
Series A convertible preferred stock, shares outstanding	600,000				600,000
Series A convertible preferred stock, liquidation preference, value	$ 60,000				$ 65,910
Preferred stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
Common stock, shares issued	9,656,041	9,593,150	8,548,524	8,506,666	8,506,666
Common stock, shares outstanding	9,514,742	9,451,851	8,407,225	8,506,666	8,428,666
Treasury stock, shares	141,299	141,299	141,299	122,729	78,000

Significant Accounting Polici_7

Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue	$ 817,110	$ 644,912
New Vehicle Revenue [Member]
Revenue	479,611	353,228
Preowned Vehicle Revenue [Member]
Revenue	250,261	213,830
Parts, Accessories, and Related Services [Member]
Revenue	38,630	35,607
Finance and Insurance Revenue [Member]
Revenue	45,123	36,698
Campground, Rental, and Other Revenue [Member]
Revenue	$ 3,485	$ 5,549

Significant Accounting Polici_8

Significant Accounting Policies - Schedule of Revenue Recognized of Finance and Insurance Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Gross finance and insurance revenues	$ 50,341	$ 41,169
Additions to charge-back allowance	(6,217)	(4,471)
Net Finance Revenue	$ 44,124	$ 36,698

Significant Accounting Polici_9

Significant Accounting Policies - Summary of Net Income (Loss) Attribute to Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Distributed earning allocated to common stock
Undistributed earnings allocated to common stock												5,579	(1,445)
Net earnings allocated to common stock												5,579	(1,445)
Net earnings allocated to participating securities												2,764
Net earnings allocated to common stock and participating securities	$ 1,955	$ 3,626	$ 1,755	$ (4,141)	$ 2,287	$ 2,615	$ (2,655)	$ 390	$ (3,160)	$ 5,381	$ 7,336	$ 8,343	$ (1,445)	$ (5,364)
Weighted average shares outstanding for basic earning per common share												9,809,783	9,781,870
Dilutive effect of warrants and options
Weighted average shares outstanding for diluted earning per share computation	10,807,368	9,715,677	9,757,036	9,811,107	9,811,107	9,695,234	9,668,250	9,668,250	9,668,250	9,736,133	10,747,370	9,809,783	9,781,870	9,668,250
Basic income per common share												$ 0.57	$ (0.15)
Diluted income per common share												$ 0.57	$ (0.15)

Significant Accounting Polic_10

Significant Accounting Policies - Schedule of Denominator of Basic Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Weighted average outstanding common shares	9,509,426	8,442,371
Weighted average prefunded warrants	300,357	1,339,499
Weighted shares outstanding - basic	9,809,783	9,781,870

Significant Accounting Polic_11

Significant Accounting Policies - Schedule of Denominator of Dilutive Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Weighted average outstanding common shares	9,509,426	8,442,371
Weighted average prefunded warrants	300,357	1,339,499
Weighted average warrants	1,068,198
Weighted average options	1,128,295
Weighted average convertible preferred stock	6,082,981
Weighted shares outstanding - diluted	18,089,257	9,781,870

Significant Accounting Polic_12

Significant Accounting Policies - Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share equivalents excluded from EPS	54,721	14,488,309
Series A Convertible Preferred Stock [Member]
Share equivalents excluded from EPS		5,962,733
Warrants [Member]
Share equivalents excluded from EPS		4,677,458
Stock Options [Member]
Share equivalents excluded from EPS		3,798,818
Employee Stock Purchase Plan [Member]
Share equivalents excluded from EPS	54,721	49,300

Significant Accounting Polic_13

Significant Accounting Policies - Schedule of Geographic Concentration Risk Percentage (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Florida [Member]
Statement Line Items [Line Items]
Concentration risk percentage	63.00%	68.00%
Colorado [Member]
Statement Line Items [Line Items]
Concentration risk percentage	14.00%	14.00%
Arizona [Member]
Statement Line Items [Line Items]
Concentration risk percentage	10.00%	10.00%

Business Combinations (Details

Business Combinations (Details Narrative) - USD ($) $ in Thousands	Dec. 01, 2020	Aug. 01, 2020	Dec. 31, 2020	Dec. 31, 2019
Total goodwill, deductible for tax purposes			$ 20,735
2020 Acquisitions [Member]
Revenue related to acquisitions			39,514
Net loss prior to income taxes related to acquisitions			$ 2,389
2019 Acquisitions [Member]
Revenue related to acquisitions				$ 91,200
Net loss prior to income taxes related to acquisitions				$ 3,900
Asset Purchase Agreement [Member] | Alliance Coach Inc. [Member]
Debt instrument, maturity date		Aug. 1, 2021
Payments of principal and interest		$ 134
Debt instrument, interest rate		5.00%
Asset Purchase Agreement [Member] | Camp-Land, Inc. [Member]
Debt instrument, maturity date	Jan. 5, 2025
Payments of principal and interest	$ 435
Debt instrument, interest rate	3.25%

Business Combinations - Schedul

Business Combinations - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Details) - Acquisition of Dealership [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Inventories	$ 18,932	$ 12,171
Accounts receivable and prepaid expenses	1,167	53
Property and equipment	5,417	77
Intangible assets	8,480	2,630
Total assets acquired	33,996	14,931
Accounts payable, accrued expenses and other current liabilities	1,004	243
Floor plan notes payable	20,855	11,434
Total liabilities assumed	21,859	11,677
Net assets acquired	$ 12,137	$ 3,254

Business Combinations - Sched_2

Business Combinations - Schedule of Fair Value of Consideration Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash consideration paid	$ (16,653)	$ (2,568)
Acquisition of Dealership [Member]
Purchase Price:	16,653	2,568
Cash consideration paid		(107)
Note payable issued to former owners	1,600	3,045
Total consideration	$ 18,253	$ 5,506

Business Combinations - Sched_3

Business Combinations - Schedule of Goodwill Associated with Merger (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill	$ 45,095	$ 38,979
Acquisition of Dealership [Member]
Total consideration	18,253	5,506
Less net assets acquired	12,137	3,254
Goodwill	$ 6,116	$ 2,252

Business Combinations - Sched_4

Business Combinations - Schedule of Identifiable Intangible Assets Acquired (Details) - Acquisition of Dealership [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Customer Lists [Member]
Intangible Assets, Gross Asset Amount at Acquisition Date	$ 250	$ 230
Intangible Assets, Weighted Average Amortization Period in Years		7 years
Customer Lists [Member] | Minimum [Member]
Intangible Assets, Weighted Average Amortization Period in Years	8 years
Customer Lists [Member] | Maximum [Member]
Intangible Assets, Weighted Average Amortization Period in Years	10 years
Dealer Agreements [Member]
Intangible Assets, Gross Asset Amount at Acquisition Date	$ 8,000	$ 2,400
Intangible Assets, Weighted Average Amortization Period in Years		7 years
Dealer Agreements [Member] | Minimum [Member]
Intangible Assets, Weighted Average Amortization Period in Years	8 years
Dealer Agreements [Member] | Maximum [Member]
Intangible Assets, Weighted Average Amortization Period in Years	10 years
Non-Compete Agreements [Member]
Intangible Assets, Gross Asset Amount at Acquisition Date	$ 230
Intangible Assets, Weighted Average Amortization Period in Years	5 years

Business Combinations - Sched_5

Business Combinations - Schedule of Pro Forma Financial Information (Details) - Acquisition of Dealership [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue	$ 881,122	$ 791,408
Income before income taxes	40,717	2,289
Net (loss) income	$ 30,094	$ 1,092

Receivables, Net - Schedule of

Receivables, Net - Schedule of Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Receivables, gross	$ 20,123	$ 16,407
Less: Allowance for doubtful accounts	(659)	(382)
Receivables, net	19,464	16,025
Contracts in Transit and Vehicle Receivables [Member]
Receivables, gross	15,995	11,544
Manufacturer Receivables [Member]
Receivables, gross	2,705	3,539
Finance and Other Receivables [Member]
Receivables, gross	$ 1,423	$ 1,324

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Inventories, gross	$ 119,894	$ 164,583
Less: excess of current cost over LIFO	(3,627)	(3,719)
Inventories, net	116,267	160,864
New Recreational Vehicles [Member]
Inventories, gross	92,434	124,096
Pre-owned Recreational Vehicles [Member]
Inventories, gross	22,967	36,639
Parts, Accessories and Other [Member]
Inventories, gross	$ 4,493	$ 3,848

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property and equipment, gross	$ 123,886	$ 97,799
Less: Accumulated depreciation and amortization	(17,566)	(10,923)
Property and equipment, net	106,320	86,876
Land [Member]
Property and equipment, gross	25,954	22,496
Building and Improvements Including Leasehold Improvements [Member]
Property and equipment, gross	74,767	62,206
Furniture and Equipment [Member]
Property and equipment, gross	8,572	6,747
Company Vehicles [Member]
Property and equipment, gross	987	747
Construction in Progress [Member]
Property and equipment, gross	$ 13,606	$ 5,603

Property and Equipment, Net -_2

Property and Equipment, Net - Schedule of Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 6,682	$ 6,848

Intangible Assets (Details Narr

Intangible Assets (Details Narrative)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average remaining amortization period	8 years 7 months 6 days

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets and Accumulated Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Net Asset Value	$ 72,757	$ 68,854
Manufacturer Relationships [Member]
Gross Carrying Amount	43,800	35,800
Accumulated Amortization	8,901	5,180
Net Asset Value	34,899	30,620
Customer Relationships [Member]
Gross Carrying Amount	9,790	9,540
Accumulated Amortization	2,233	1,406
Net Asset Value	7,557	8,134
Non-Compete Agreements [Member]
Gross Carrying Amount	230
Accumulated Amortization	29
Net Asset Value	201
Amortizable Intangible Assets [Member]
Gross Carrying Amount	53,820	45,340
Accumulated Amortization	11,163	6,586
Net Asset Value	42,657	38,754
Trade Names and Trademarks [Member]
Gross Carrying Amount	30,100	30,100
Accumulated Amortization
Net Asset Value	30,100	30,100
Non-amortizable Intangible Assets [Member]
Gross Carrying Amount	83,920	75,440
Accumulated Amortization	11,163	6,586
Net Asset Value	$ 72,757	$ 68,854

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization	$ 4,580	$ 3,965

Intangible Assets - Schedule _3

Intangible Assets - Schedule of Estimated Future Amortization (Details) $ in Thousands	Dec. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 5,120
2022	5,120
2023	5,120
2024	5,120
2025	5,051
Thereafter	17,126
Finite lived intangible assets, net	$ 42,657

Financing Liability (Details Na

Financing Liability (Details Narrative) - USD ($) $ in Thousands	Aug. 07, 2018	Dec. 23, 2015	Dec. 31, 2020	Dec. 31, 2019	Jan. 02, 2020
Proceeds from sale of land, building and improvements	$ 5,350	$ 56,000
Lease term	20 years	20 years	12 months
Lease renewal term	10 years	10 years
Lease implied interest rate	7.90%	7.30%
Financing liability residual	$ 1,780	$ 11,000	$ 15,220		$ 17,800
Amount drawn for improvements				$ 4,206
Percentage of outstanding, multiplier of advance				8.00%
Finance liability, interest paid			4,816	$ 4,655
Finance liability, principal payments			$ 1,118	$ 730
Maximum [Member]
Lease renewal term			20 years
September 30, 2019 [Member] | Maximum [Member]
Total availability for improvement funding from lessor	$ 5,000

Financing Liability - Schedule

Financing Liability - Schedule of Financing Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Financing liability	$ 80,254				$ 64,568
Debt discount	(158)				(75)
Financing liability, net of debt discount	80,096				64,493
Less: current portion	1,462				936
Financing liability, non-current portion	$ 78,634	$ 71,095	$ 71,403	$ 68,158	$ 63,557

Financing Liability - Schedul_2

Financing Liability - Schedule of Future Minimum Payments of Sale Leaseback Transactions (Details) $ in Thousands	Dec. 31, 2020USD ($)
2021	$ 6,872
2022	7,219
2023	7,364
2024	7,511
2025	7,662
Thereafter	91,305
Future minimum payments due	127,933
Principal [Member]
2021	1,639
2022	1,890
2023	2,168
2024	2,469
2025	2,794
Thereafter	56,513
Future minimum payments due	67,473
Interest [Member]
2021	5,233
2022	5,329
2023	5,196
2024	5,042
2025	4,868
Thereafter	34,792
Future minimum payments due	$ 60,460

Accounts Payable, Accrued Exp_3

Accounts Payable, Accrued Expenses and Other Current Liabilities - Schedule of Accounts Payable, Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accounts payable	$ 18,077	$ 11,231
Other accrued expenses	4,713	3,392
Customer deposits	6,002	2,267
Accrued compensation	4,311	2,388
Accrued charge-backs	5,553	4,221
Accrued interest	125	356
Total	$ 38,781	$ 23,855

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	Mar. 10, 2020	Dec. 31, 2020	May 19, 2020	Dec. 31, 2019	Aug. 07, 2018	Dec. 23, 2015
Lease term		12 months			20 years	20 years
Lease renewal terms					10 years	10 years
Property and equipment		$ 106,320		$ 86,876
Weighted-average remaining lease term		5 years 2 months 12 days
Weighted-average discount rate of operating leases		5.00%
Operating lease cost		$ 3,809
Short term leases
LD Murfreesboro TN Landlord, LLC [Member]
Proceeds from sale of land	$ 4,921
Korges Enterprises, Inc [Member]
Property and equipment			$ 4,015
Financing liability offset amount			$ 4,015
Maximum [Member]
Lease renewal terms		20 years

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jan. 02, 2020	Aug. 07, 2018	Dec. 23, 2015
Leases [Abstract]
2021	$ 3,838
2022	3,520
2023	3,317
2024	2,586
2025	1,939
Thereafter	2,179
Total lease payments	17,379
Less: Imputed Interest	2,159
Present value of lease liabilities	$ 15,220	$ 17,800	$ 1,780	$ 11,000

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liability: Operating cash flows for operating leases	$ 3,809
ROU assets obtained in exchange for lease liabilities: Operating leases	756
ROU assets obtained in exchange for lease liabilities: Finance lease	4,015
ROU assets obtained in exchange for lease liabilities	$ 4,771

Debt (Details Narrative)

Debt (Details Narrative) - USD ($) $ in Thousands	May 04, 2020	Apr. 30, 2020	Apr. 28, 2020	Mar. 06, 2020	Mar. 15, 2018	Dec. 31, 2020	Dec. 31, 2019
Repayments under long term debt with Bank of America						$ 2,303	$ 2,900
Proceeds from notes payable
Paycheck Protection Program Loans [Member]
Debt instrument maturity date	May 4, 2022	Apr. 30, 2022	Apr. 29, 2022
Notes payable			$ 6,831
Debt instrument interest rate			1.00%
Proceeds from notes payable	$ 637	$ 1,236
M&T Facility [Member]
Line of credit maximum borrowing capacity					$ 200,000
Line of credit facility, expiration date					Mar. 15, 2021
Outstanding balance						$ 6,008
Interest rate						2.4375%
Maximum amount of cash dividends						$ 26,903
M&T Facility [Member] | Third Amendment [Member]
Line of credit maximum borrowing capacity				$ 6,136
Line of credit facility, expiration date				Mar. 15, 2021
Repayments of loan monthly installments				$ 30
Line of credit facility, extended expiration date				Jun. 15, 2021
M&T Facility [Member] | Third Amendment [Member] | LIBOR [Member]
Percentage of leverage ratio				2.25%
M&T Facility [Member] | Third Amendment [Member] | Base Rate [Member]
Percentage of leverage ratio				1.25%
BOA Floor Plan [Member]
Repayments of lines of credit					$ 96,740
BOA Term Loan with M&T Facility [Member]
Repayments under long term debt with Bank of America					8,820
M&T Floor Plan Line of Credit [Member]
Line of credit maximum borrowing capacity					$ 175,000
Line of credit rate description					The Base Rate is defined in the Credit Agreement as the highest of M&T's prime rate, the Federal Funds rate plus 0.50% or one-month LIBOR plus 1.00%.	The $175,000 M&T Floor Plan Line of Credit may be used to finance new vehicle inventory, but only $45,000 may be used to finance pre-owned vehicle inventory and $4,500 may be used to finance rental units. Principal becomes due upon the sale of the related vehicle.
Maximum draw down for rental units					$ 4,500
Line of credit commitments percentage					0.15%
M&T Floor Plan Line of Credit [Member] | Vehicle [Member]
Interest rate						2.14675%
Average outstanding borrowings						$ 99,200
Interest expense						$ 2,255
M&T Floor Plan Line of Credit [Member] | Pre-owned Vehicle Inventory [Member]
Line of credit maximum borrowing capacity					$ 45,000
M&T Floor Plan Line of Credit [Member] | LIBOR [Member] | Minimum [Member]
Percentage of leverage ratio					2.00%
M&T Floor Plan Line of Credit [Member] | LIBOR [Member] | Maximum [Member]
Percentage of leverage ratio					2.30%
M&T Floor Plan Line of Credit [Member] | Base Rate [Member] | Minimum [Member]
Percentage of leverage ratio					1.00%
M&T Floor Plan Line of Credit [Member] | Base Rate [Member] | Maximum [Member]
Percentage of leverage ratio					1.30%
M&T Term Loan [Member]
Repayments of loan monthly installments					$ 242
Interest rate						2.4375%
Term loan					$ 20,000
Debt instrument maturity date					Mar. 15, 2021
Principal balloon payment					$ 11,300
M&T Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Percentage of leverage ratio					2.25%
M&T Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Percentage of leverage ratio					3.00%
M&T Term Loan [Member] | Base Rate [Member] | Minimum [Member]
Percentage of leverage ratio					1.25%
M&T Term Loan [Member] | Base Rate [Member] | Maximum [Member]
Percentage of leverage ratio					2.00%
M&T Revolver [Member]
Line of credit maximum borrowing capacity					$ 5,000
Letter of credit sublimit					$ 1,000
Outstanding letters of credit
Line of credit, available amount						$ 5,000
M&T Revolver [Member] | Minimum [Member]
Line of credit commitments percentage					0.25%
M&T Revolver [Member] | Maximum [Member]
Line of credit commitments percentage					0.50%
M&T Revolver [Member] | LIBOR [Member] | Minimum [Member]
Percentage of leverage ratio					2.25%
M&T Revolver [Member] | LIBOR [Member] | Maximum [Member]
Percentage of leverage ratio					3.00%
M&T Revolver [Member] | Base Rate [Member] | Minimum [Member]
Percentage of leverage ratio					1.25%
M&T Revolver [Member] | Base Rate [Member] | Maximum [Member]
Percentage of leverage ratio					2.00%

Debt - Schedule of Floor Plan N

Debt - Schedule of Floor Plan Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt discount	$ (41)	$ (47)
Floor plan notes payable, net of debt discount	105,399	143,949
Floor Plan Notes Payable [Member]
Floor plan notes payable, gross	105,486	144,133
Debt discount	(87)	(184)
Floor plan notes payable, net of debt discount	$ 105,399	$ 143,949

Debt - Schedule of Long Term De

Debt - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Gross Principal Amount, Total long-term debt	$ 32,647				$ 21,613
Debt Discount, Total long-term debt	(41)				(47)
Total Debt, Net of Debt Discount, Total long-term debt	32,606				21,566
Gross Principal Amount, current portion	24,161				5,993
Debt Discount, current portion
Total Debt, Net of Debt Discount, current portion	24,161				5,993
Gross Principal Amount, Long term debt, non-current	8,486				15,620
Debt Discount, Long term debt, non-current	(41)				(47)
Total Debt, Net of Debt Discount, Long term debt, non-current	8,445	$ 10,512	$ 15,679	$ 7,746	15,573
Term loan and Mortgage [Member]
Gross Principal Amount, Total long-term debt	18,758				14,925
Debt Discount, Total long-term debt	(41)				(47)
Total Debt, Net of Debt Discount, Total long-term debt	18,717				14,878
Paycheck Protection Program Loans [Member]
Gross Principal Amount, Total long-term debt	8,704
Debt Discount, Total long-term debt
Total Debt, Net of Debt Discount, Total long-term debt	8,704
Acquisition Notes Payable [Member]
Gross Principal Amount, Total long-term debt	5,185				6,688
Debt Discount, Total long-term debt
Total Debt, Net of Debt Discount, Total long-term debt	$ 5,185				$ 6,688

Debt - Schedule of Future Matur

Debt - Schedule of Future Maturities of Long Term Debt (Details) $ in Thousands	Dec. 31, 2020USD ($)
Debt - Schedule Of Future Maturities Of Long Term Debt
2021	$ 24,161
2022	5,824
2023	1,844
2024	396
2025	422
Total	$ 32,647

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Federal statutory rate, percentage	21.00%	21.00%

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended									6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Current: Federal												$ 9,187	$ 2,699
Current: State												2,536	664
Current: Income tax expense												11,723	3,363
Deferred: Federal												(1,177)	(1,746)
Deferred: State												(182)	(520)
Deferred: Income tax expense												(1,359)	(2,266)
Income tax expense	$ (4,184)	$ (2,536)	$ (1,300)	$ (941)	$ (2,099)	$ (1,185)	$ (1,141)	$ (1,176)	$ (449)	$ (3,836)	$ (8,020)	$ 10,364	$ 1,097	$ (2,318)

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Taxes Calculated Using Statutory Federal Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended									6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income taxes at statutory rate												$ 5,248	$ 1,168
Income taxes at statutory rate, Percentage												21.00%	21.00%
Non-deductible expense												$ 40	$ 43
Non-deductible expense, percentage												0.20%	0.80%
State income taxes, net of federal tax effect												$ 1,856	$ (75)
State income taxes, net of federal tax effect, percentage												7.40%	(1.40%)
Transaction costs													$ (61)
Transaction costs, percentage												0.00%	(1.10%)
Stock-based compensation and officer compensation												$ 235	$ 824
Stock-based compensation and officer compensation, percentage												0.90%	14.00%
Change in fair value of warrant liabilities												$ 3,043	$ (788)
Change in fair value of warrant liabilities, percentage												12.20%	(14.20%)
Other credits and changes in estimate												$ (58)	$ (14)
Other credits and changes in estimate, percentage												(0.20%)	6.00%
Income tax expense	$ (4,184)	$ (2,536)	$ (1,300)	$ (941)	$ (2,099)	$ (1,185)	$ (1,141)	$ (1,176)	$ (449)	$ (3,836)	$ (8,020)	$ 10,364	$ 1,097	$ (2,318)
Income tax expense, percentage												41.50%	19.70%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Deferred tax assets: Accounts receivable	$ 167	$ 96
Deferred tax assets: Accrued charge-backs	1,412	1,063
Deferred tax assets: Other accrued liabilities	1,530	166
Deferred tax assets: Financing liability	15,085	16,247
Deferred tax assets: Stock based compensation	1,009	894
Deferred tax assets: Other, net	535	262
Deferred tax assets, Total	19,738	18,728
Deferred tax liabilities: Prepaid expenses	(198)	(271)
Deferred tax liabilities: Goodwill	(480)	(370)
Deferred tax liabilities: Inventories	(5,343)	(4,702)
Deferred tax liabilities: Property and equipment	(15,073)	(15,457)
Deferred tax liabilities: Intangible assets	(13,735)	(14,378)
Deferred tax liabilities, Total	(34,829)	(35,178)
Net deferred tax (liabilities)/assets	$ (15,091)	$ (16,450)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - B. Luke Weil [Member] $ in Thousands	Dec. 18, 2019USD ($)shares
Number of common stock shares repurchased | shares	75,000
Broker fees | $	$ 302

Employee Benefit Plans (Details

Employee Benefit Plans (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Employer discretionary contribution amount	$ 847	$ 785

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2018	Dec. 31, 2020
Chief Financial Officer [Member] | Employee Relocation [Member]
Relocation allowance	$ 100
Chief Financial Officer [Member] | Maximum [Member]
Percentage of target bonus on base salary	150.00%
Non-Employee Members [Member]
Annual cash compensation		$ 50
Committee of Board of Directors [Member]
Annual cash compensation		5
Chairman of Any Committees [Member]
Annual cash compensation		10
Board Members [Member]
Annual cash compensation		50
Employment Agreement [Member] | Chief Executive Officer [Member]
Initial base salary		$ 540
Percentage of target bonus on base salary		100.00%
Employment Agreement [Member] | Chief Financial Officer [Member]
Initial base salary	$ 325	$ 325
Percentage of target bonus on base salary	75.00%	75.00%

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)	Nov. 24, 2015$ / sharesshares
Preferred stock conversion price per share | $ / shares		$ 9.72
Market price per share on the date of issuance | $ / shares		$ 10.29
Beneficial conversion feature on series a convertible preferred stock | $		$ 3,392
Reduction in preferred stock | $		2,035
Preferred stock, dividend payment terms	The Company declared a dividend payment for all outstanding dividends through September 30, 2020 of $10,983, which was paid on October 5, 2020. In December 2020, the Company declared a dividend payment of $1,210 for outstanding dividends through December 31, 2020 which is included in dividends payable in the accompanying consolidated balance sheets.
Dividend payment on preferred stock | $	$ 10,983
Dividends payable | $		$ 1,210
Expected Term [Member]
Fair value assumptions, measurement input, term		5 years
Volatility [Member]
Fair value assumptions, measurement input, percentages		0.39
Risk Free Rate [Member]
Fair value assumptions, measurement input, percentages		0.0261
Measurement Input, Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages		0
Common Stock [Member]
Warrant to purchase common shares | shares				200,000
Warrant exercise price | $ / shares				$ 11.50
Warrant redemption price per share | $ / shares		$ 0.01
Common Stock [Member] | Exceeds Price Point [Member]
Common stock market price per share | $ / shares		$ 24
Placement Agent [Member]
Warrant term		5 years
Warrant to purchase common shares | shares		178,882
Warrant exercise price | $ / shares		$ 11.50
Aggregate offering costs | $		$ 2,981
Fair value of warrants | $		$ 632
Series A Preferred Stock [Member]
Weighted average price trading price after second anniversary force conversion | $ / shares		$ 25
Warrant term		5 years
Warrant to purchase common shares | shares		596,273
Warrant exercise price | $ / shares		$ 11.50
Private Placement [Member]
Sale of stock consideration | $		$ 94,800
Private Placement [Member] | Series A Preferred Stock [Member]
Number of shares issued | shares		600,000
Number of shares issued, value | $		$ 60,000
Preferred stock conversion price per share | $ / shares		$ 10.0625
Preferred stock dividend rate percentage		8.00%
Issue price of preferred stock | $		$ 100
Dividend rate description		Accrued and unpaid dividends, until paid in full in cash, will accrue at the then applicable Dividend Rate plus 2%. The Dividend Rate will be increased to 11% per annum, compounded quarterly, in the event that the Company's senior indebtedness less unrestricted cash during any trailing twelve-month period ending at the end of any fiscal quarter is greater than 2.25 times earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Dividend Rate will be reset to 8% at the end of the first fiscal quarter when the Company's senior indebtedness less unrestricted cash during the trailing twelve-month period ending at the end of such quarter is less than 2.25 times EBITDA.
Private Placement [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Preferred stock dividend rate percentage		11.00%
Private Placement [Member] | Series A Preferred Stock [Member] | Board of Directors [Member]
Number of preferred stock owned | shares		500,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Nov. 06, 2020	Jun. 02, 2020	May 20, 2020	Dec. 02, 2019	Mar. 15, 2018	Mar. 15, 2018	Nov. 24, 2015	Jan. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Common stock, shares authorized									100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
Common stock, par value									$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized									5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
Preferred stock, par value									$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Stock based compensation									$ 1,566	$ 4,864
Common stock, shares outstanding									9,514,742	8,428,666	9,451,851	8,407,225	8,506,666
Number of shares issued under ESPP, value									$ 335	$ 126
Stock based compensation related to awards with market conditions									$ 923	4,556
Number of shares options granted									530,000
Expected risk-free rate, minimum									0.25%
Expected risk-free rate, maximum									0.43%
Expected dividend yield									0.00%
Expected annual volatility, minimum									55.00%
Expected annual volatility, maximum									73.00%
Stock based compensation related to awards with service conditions									$ 508	$ 243
Compensation cost unrecognized									$ 2,214
Weighted average service period									2 years 7 months 24 days
Weighted average grant date fair value of awards issued									$ 4.07
Minimum [Member]
Expected term									3 years 6 months
Maximum [Member]
Expected term									3 years 9 months
PIPE Investment [Member]
Number of warrant to purchase shares of common stock					2,522,458	2,522,458
Placement Agent [Member]
Number of warrant to purchase shares of common stock									178,882
Warrant exercise price									$ 11.50
Warrant term									5 years
Warrants Holders [Member]
Number of warrant to purchase shares of common stock					2,000,000	2,000,000
Employees [Member]
Number of shares options granted									530,000	505,000
Stock options exercise price per share									$ 7.91
Fair value of the options issued									$ 1,915	$ 957
Expected term										3 years 9 months
Expected risk-free rate, minimum										1.70%
Expected risk-free rate, maximum										2.51%
Expected dividend yield										0.00%
Expected annual volatility, minimum										52.00%
Expected annual volatility, maximum										55.00%
Stock option exercise price description									The options have an exercise price of $7.91, $8.50 or $14.68.
Granted stock options term									5 years
Stock options vesting term									4 years
Employees [Member] | Minimum [Member]
Stock options exercise price per share										$ 4.50
Employees [Member] | Maximum [Member]
Stock options exercise price per share										$ 8.50
Non-Redeemable Pre-funded Warrants [Member]
Number of warrant to purchase shares of common stock					2,155,000	2,155,000
Warrant exercise price					$ 11.50	$ 11.50
Warrant term					5 years	5 years
Warrants exchange					4,310,000	4,310,000
Number of warrant exercisable on cashless basis					155,000	155,000
Non-Redeemable Pre-funded Warrants [Member] | Placement Agent [Member]
Number of warrant to purchase shares of common stock					116,376	116,376
Warrant exercise price					$ 11.50	$ 11.50
Warrant term					5 years	5 years
Common Stock [Member]
Number of shares issued under ESPP		42,194		35,058					42,194	35,058
Common stock, shares outstanding					1,872,428	1,872,428
Number of shares issued for shares conversion						615,436
Reclassification of Andina common stock previously subject to redemption, shares						472,571
Reclassification of Andina common stock previously subject to redemption						$ 4,910
Issuance of shares in acquisition of Lazydays, shares						2,857,189
Shares issued, price per share		$ 3.587		$ 3.587	$ 10.29	$ 10.29
Issuance of shares in acquisition of Lazydays						$ 29,400
Number of shares issued under ESPP, value		$ 335		$ 126
Number of common stock shares sold					2,653,984
Number of warrant to purchase shares of common stock							200,000
Warrant exercise price							$ 11.50
Payments for offering costs					$ 2,065
Warrant redemption price per share									$ 0.01
Shares Issuable pursuant to Andina rights							57,142
Common Stock [Member] | Unit Purchase Options [Member]
Shares Issuable pursuant to Andina rights							457,142
Common Stock [Member] | Warrants Holders [Member]
Warrant redemption price per share					$ 0.01	$ 0.01
Common Stock [Member] | Non-Redeemable Pre-funded Warrants [Member]
Number of warrant to purchase shares of common stock					1,339,499	1,339,499
Warrant exercise price					$ 0.01	$ 0.01
Warrant redemption price per share					$ 0.01	$ 0.01
Common Stock [Member] | Warrant One [Member]
Number of warrant to purchase shares of common stock					1,630,927	1,630,927
Warrant exercise price					$ 11.50	$ 11.50
Warrant term					5 years	5 years
Proceeds from issuance of warrants					$ 34,783
Warrants outstanding									$ 300,357
Unit Purchase Options [Member]
Stock option issued to purchase units							400,000
Stock expiration date							Nov. 24, 2020
Stock option issued to purchase units price per share							$ 10
Exchange of unit purchase options cancelled								$ 500
Unit Purchase Options [Member] | Designees [Member]
Purchased price of EBC units							$ 100
Non-Redeemable Pre-funded Warrants [Member]
Number of warrant to purchase shares of common stock									300,357
Warrant exercise price									$ 0.01
Exceeds Price Point [Member] | Common Stock [Member] | Warrants Holders [Member]
Common stock market price per share					$ 24	$ 24
Exceeds Price Point [Member] | Common Stock [Member] | Non-Redeemable Pre-funded Warrants [Member]
Warrant redemption price per share					$ 24	$ 24
2018 Long-Term Incentive Equity Plan [Member]
Maximum percentage on options may be issued					13.00%
Options issuable under stock price trigger					$ 8.75
Number of common shares reserved for future issuance			600,000						299,557
2018 Long-Term Incentive Equity Plan [Member] | Increased Plan by Formula [Member]
Maximum percentage on options may be issued					18.00%
2019 Employee Stock Purchase Plan [Member]
Number of common shares reserved for future issuance			900,000
Common stock purchase price, description			Participants in the plan may purchase shares of common stock at a purchase price which will not be less than the lesser of 85% of the fair market value per share of the common on the first day of the purchase period or the last day of the purchase period.
Number of shares issued under ESPP		41,858
Number of shares available for issuance									822,748
Stock based compensation									$ 135	$ 65
Stock Repurchase Program [Member]
Shares authorized to repurchase, value	$ 4,000
Number of shares repurchased									63,299	78,000
Number of shares repurchased, value									$ 185	$ 314

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Warrants Activity (Details)	12 Months Ended
	Dec. 31, 2020$ / sharesshares
Equity [Abstract]
Shares Underlying Warrants, Outstanding, Beginning balance | shares	4,677,458
Shares Underlying Warrants, Granted | shares
Shares Underlying Warrants, Cancelled or Expired | shares
Shares Underlying Warrants, Exercised | shares	(45,371)
Shares Underlying Warrants, Outstanding, Ending balance | shares	4,632,087
Weighted Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 11.50
Weighted Average Exercise Price Granted | $ / shares
Weighted Average Exercise Price Cancelled or Expired | $ / shares
Weighted Average Exercise Price Exercised | $ / shares	11.50
Weighted Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 11.50

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Fair Values for Outstanding Warrants Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Total warrant liabilities	$ 15,096	$ 10,992	$ 3,093	$ 335	$ 747
PIPE Warrants [Member]
Total warrant liabilities	13,716				555
Private Warrants [Member]
Total warrant liabilities	$ 1,380				$ 192

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Equity [Abstract]
Shares Underlying Options, Outstanding, Beginning balance | shares	3,798,818
Shares Underlying Options, Granted | shares	530,000
Shares Underlying Options, Cancelled or terminated | shares	(203,809)
Shares Underlying Options, Exercised | shares	(61,647)
Shares Underlying Options, Outstanding, Ending balance | shares	4,063,362
Shares Underlying Options, Vested, Ending balance | shares	1,085,720
Weighted Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 10.63
Weighted Average Exercise Price, Granted | $ / shares	10.08
Weighted Average Exercise Price, Cancelled or terminated | $ / shares	(9.76)
Weighted Average Exercise Price, Exercised | $ / shares	(10.72)
Weighted Average Exercise Price, Outstanding, Ending balance | $ / shares	10.60
Weighted Average Exercise Price, Vested, Ending balance | $ / shares	$ 11.10
Weighted Average Remaining Contractual Life, Outstanding, Ending balance	2 years 7 months 24 days
Weighted Average Remaining Contractual Life, Vested, Ending balance	2 years 2 months 23 days
Aggregate Intrinsic Value, Outstanding, Ending balance | $	$ 22,954
Aggregate Intrinsic Value, Vested, Ending balance | $	$ 5,626

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of Fair Value Assumptions of Awards (Details)	12 Months Ended
	Dec. 31, 2020
Risk free interest rate, minimum	0.25%
Risk free interest rate, maximum	0.43%
Expected volatility, minimum	55.00%
Expected volatility, maximum	73.00%
Expected dividends	0.00%
Minimum [Member]
Expected term (years)	3 years 6 months
Maximum [Member]
Expected term (years)	3 years 9 months

Fair Value Measures - Schedule

Fair Value Measures - Schedule of Fair Value Adjustments Warrant Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Warrants	$ 15,096	$ 10,992	$ 3,093	$ 335	$ 747
Level 1 [Member]
Warrants	13,716				555
Level 2 [Member]
Warrants
Level 3 [Member]
Warrants	1,380				192
PIPE Warrants [Member]
Warrants	13,716				555
PIPE Warrants [Member] | Level 1 [Member]
Warrants	13,716				555
PIPE Warrants [Member] | Level 2 [Member]
Warrants
PIPE Warrants [Member] | Level 3 [Member]
Warrants
Private Warrants [Member]
Warrants	1,380				192
Private Warrants [Member] | Level 1 [Member]
Warrants
Private Warrants [Member] | Level 2 [Member]
Warrants
Private Warrants [Member] | Level 3 [Member]
Warrants	$ 1,380				$ 192

Fair Value Measures - Schedul_2

Fair Value Measures - Schedule of Fair Value Measurements (Details)	12 Months Ended
	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Stock Price [Member]
Fair value liabilities, measurement input, price per share	$ 16.25	$ 4.1
Strike Price [Member]
Fair value liabilities, measurement input, price per share	$ 11.5	$ 11.5
Expected Term [Member]
Fair value liabilities, measurement input, term	2 years 2 months 12 days	3 years 2 months 16 days
Volatility [Member]
Fair value liabilities, measurement input, percentage	81.2	80.9
Risk Free Rate [Member]
Fair value liabilities, measurement input, percentage	0.14	1.61
Dividend Yield [Member]
Fair value liabilities, measurement input, percentage	0	0
Fair Value of Warrants[Member]
Fair value liabilities, measurement input, price per share	$ 4.45	$ 0.62

Fair Value Measures - Schedul_3

Fair Value Measures - Schedule of Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
PIPE Warrants [Member]
Fair value beginning	$ 555	$ 4,163
Exercise or conversion	(145)
Measurement adjustment	13,307	(3,608)
Fair value ending	13,717	555
Private Warrants [Member]
Fair value beginning	192	335
Exercise or conversion
Measurement adjustment	1,187	(143)
Fair value ending	$ 1,379	$ 192

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited And Restated) - Schedule of Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended																		6 Months Ended	9 Months Ended	12 Months Ended
		Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Income from Operations		$ 17,532		$ 12,628		$ 6,784		$ 763		$ 6,488		$ 6,058		$ 849		$ 5,241		$ 1,825		$ 19,412	$ 36,944	$ 47,538	$ 12,128	$ 7,698
Other income/expenses	[1]	(9,648)		(4,782)		(2,085)		(2,382)		(577)		(1,074)		(1,153)		(2,460)		(934)
Income tax expense		(4,184)		(2,536)		(1,300)		(941)		(2,099)		(1,185)		(1,141)		(1,176)		(449)		(3,836)	(8,020)	10,364	1,097	(2,318)
Net income		3,700	[1]	5,310	[1]	3,399	[1]	(2,560)	[1]	3,812	[1]	3,799	[1]	(1,445)	[1]	1,605	[1]	442	[1]	8,709	12,409	14,626	4,465	1,873
Dividends of Series A Convertible Preferred Stock		(1,745)		(1,684)		(1,644)		(1,581)		(1,525)		(1,184)		(1,210)		(1,215)		(210)		(3,328)	(5,073)	(6,283)	(5,910)	(3,845)
Deemed dividend on Series A Convertible Preferred Stock																		(3,392)						(3,392)
Net income attributable to common stock and participating securities		$ 1,955		$ 3,626		$ 1,755		$ (4,141)		$ 2,287		$ 2,615		$ (2,655)		$ 390		$ (3,160)		$ 5,381	$ 7,336	$ 8,343	$ (1,445)	$ (5,364)
Basic and diluted income per share		$ 0.13	[1]	$ 0.25	[1]	$ 0.12	[1]	$ (0.42)	[1]	$ 0.14	[1]	$ 0.17	[1]	$ (0.27)	[1]	$ 0.02	[1]	$ (0.33)	[1]	$ 0.38	$ 0.50	$ 0.57	$ (0.15)	$ (0.55)
Weighted average shares outstanding basic and diluted		10,807,368		9,715,677		9,757,036		9,811,107		9,811,107		9,695,234		9,668,250		9,668,250		9,668,250		9,736,133	10,747,370	9,809,783	9,781,870	9,668,250
[1]	Due to the impact of the restatement described in Note 2, amounts presented herein do not agree to amounts included within previously filed Form 10-Q's. For the quarters ended March 31, June 30, and September 30, 2020: Net income has been adjusted by $412, ($2,758), and ($7,899), respectively; loss per share - basic and diluted has been adjusted by $0.04, ($0.14), and ($0.42), respectively. For the quarters ended March 31, June 30 and September 30, 2019: Net income has been adjusted by $1,955, $1,954 and ($74), respectively; loss per share - basic and diluted has been adjusted by $0.13, $0.12, and ($0.01), respectively. For the quarters ended March 31, June 30 and September 20, 2018: Net income has been adjusted by ($249), ($237), and $1,284, respectively; loss per share - basic and diluted has been adjusted by ($0.03), ($0.02), and $0.14, respectively.

Quarterly Financial Data (Una_4

Quarterly Financial Data (Unaudited And Restated) - Schedule of Quarterly Financial Information (Details) (Parenthetical) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																		6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 3,700	[1]	$ 5,310	[1]	$ 3,399	[1]	$ (2,560)	[1]	$ 3,812	[1]	$ 3,799	[1]	$ (1,445)	[1]	$ 1,605	[1]	$ 442	[1]	$ 8,709	$ 12,409	$ 14,626	$ 4,465	$ 1,873
Basic and diluted income (loss) per share	$ 0.13	[1]	$ 0.25	[1]	$ 0.12	[1]	$ (0.42)	[1]	$ 0.14	[1]	$ 0.17	[1]	$ (0.27)	[1]	$ 0.02	[1]	$ (0.33)	[1]	$ 0.38	$ 0.50	$ 0.57	$ (0.15)	$ (0.55)
Restatement Adjustments [Member]
Net income	$ (7,899)		$ (2,758)		$ 412		$ (74)		$ 1,954		$ 1,955		$ 1,284		$ (237)		$ (249)		$ (2,346)	$ (10,245)	$ (14,494)	$ 3,751	$ 4,493
Basic and diluted income (loss) per share	$ (0.42)		$ (0.14)		$ 0.04		$ (0.01)		$ 0.12		$ 0.13		$ 0.14		$ (0.02)		$ (0.03)		$ (0.1)	$ (0.50)	$ (0.99)	$ 0.38	$ 0.47
[1]	Due to the impact of the restatement described in Note 2, amounts presented herein do not agree to amounts included within previously filed Form 10-Q's. For the quarters ended March 31, June 30, and September 30, 2020: Net income has been adjusted by $412, ($2,758), and ($7,899), respectively; loss per share - basic and diluted has been adjusted by $0.04, ($0.14), and ($0.42), respectively. For the quarters ended March 31, June 30 and September 30, 2019: Net income has been adjusted by $1,955, $1,954 and ($74), respectively; loss per share - basic and diluted has been adjusted by $0.13, $0.12, and ($0.01), respectively. For the quarters ended March 31, June 30 and September 20, 2018: Net income has been adjusted by ($249), ($237), and $1,284, respectively; loss per share - basic and diluted has been adjusted by ($0.03), ($0.02), and $0.14, respectively.