XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 82,490,398 $ 59,155,618
Accounts receivable, net of allowance of $340,178 and $307,562, respectively 80,923,807 51,374,377
Prepaid wires 5,119,778 7,675,491
Other prepaid expenses and current assets 3,472,124 900,386
Total current assets 172,006,107 119,105,872
Property and equipment, net 9,525,295 8,490,794
Goodwill 36,259,666 36,259,666
Intangible assets, net 39,389,769 48,741,032
Deferred tax asset, net 0 1,748,854
Other assets 639,119 1,706,693
Total assets 257,819,956 216,052,911
Current liabilities:    
Current portion of long-term debt, net [1] 4,078,627 3,913,436
Accounts payable 14,060,179 8,919,796
Wire transfers and money orders payable 78,152,404 48,276,649
Accrued and other 14,018,061 11,514,449
Total current liabilities 110,309,271 72,624,330
Long term liabilities:    
Deferred tax liability, net 5,157,019 0
Debt, net 104,423,502 107,526,462
Total long term liabilities 109,580,521 107,526,462
Commitments and contingencies, see Note 11
Stockholders' equity:    
Common stock $0.0001 par value; 200,000,000 shares authorized, 36,182,783 and 17,227,682 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 3,619 1,723
Additional paid-in capital 60,203,431 46,076,220
Accumulated deficit (22,281,866) (10,173,453)
Accumulated other comprehensive income (loss) 4,980 (2,371)
Total stockholders' equity 37,930,164 35,902,119
Total liabilities and stockholders' equity $ 257,819,956 $ 216,052,911
[1] Current portion of long-term debt is net of debt origination costs of $771,373 at September 30, 2018 and $936,564 at December 31, 2017.