Priority technology holdings, inc. (PRTH)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Dec'15
ASSETS
Current Assets:
Cash

2,858

3,234

4,191

15,631

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

17,203

-

-

27,966

-

-

-

-

-

-

Restricted cash

36,873

47,231

22,652

18,200

18,274

-

-

16,193

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $989 and $803

37,362

37,993

47,491

45,651

40,433

-

-

47,433

-

-

-

-

-

-

Due from related parties

-

-

-

-

269

-

-

197

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

0

39

-

479

124

128

362

509

5

Prepaid expenses and other current assets

3,445

3,897

4,317

3,642

3,209

27

41

3,550

35

117

121

56

-

0

Current portion of notes receivable

1,266

1,326

1,362

979

2,247

-

-

3,442

-

-

-

-

-

-

Settlement assets

456

533

756

1,042

2,774

-

-

7,207

-

-

-

-

-

-

Accrued interest receivable held in trust account

-

-

-

-

-

-

-

-

-

-

-

-

3

-

Total current assets

82,260

94,214

80,769

85,145

84,409

28

80

105,988

514

242

249

418

512

5

Notes receivable, less current portion

5,382

4,395

3,795

852

786

-

-

3,807

-

-

-

-

-

-

Property, equipment, and software, net

24,060

23,518

21,396

17,482

17,011

-

-

11,943

-

-

-

-

-

-

Goodwill

109,515

109,515

109,515

109,515

109,366

-

-

101,532

-

-

-

-

-

-

Intangible assets, net

175,303

182,826

188,056

124,637

65,579

-

-

42,062

-

-

-

-

-

-

Deferred income taxes, net

50,890

49,657

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

47,206

49,692

48,469

-

-

0

-

-

-

-

-

-

Other non-current assets

509

380

1,540

1,295

1,686

-

-

1,375

-

-

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

0

178

Cash and cash equivalents held in trust

-

-

-

-

-

51,904

55,383

-

54,948

54,826

54,716

54,731

51,500

0

Total assets

447,919

464,505

452,277

388,618

327,306

51,933

55,464

266,707

55,462

55,068

54,966

55,150

52,012

183

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued expenses

24,413

26,965

22,033

27,638

26,614

816

563

18,603

474

263

115

111

67

0

Accrued residual commissions

18,326

19,315

17,852

18,715

17,466

-

-

23,470

-

-

-

-

-

-

Customer deposits and advance payments

3,281

4,928

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits and advance payments

-

-

3,532

3,282

1,798

-

-

4,853

-

-

-

-

-

-

Borrowings outstanding under revolving credit facility

-

-

11,500

0

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

7,866

4,007

4,007

3,293

2,682

-

-

7,582

-

-

-

-

-

-

Settlement obligations

30,665

37,789

17,542

11,132

11,805

-

-

10,474

-

-

-

-

-

-

Current portion of common unit repurchase obligation

-

-

-

-

0

-

-

1,500

-

-

-

-

-

-

Accounts payable - related party

-

-

-

-

-

-

-

-

60

30

-

-

-

-

Offering costs payable

-

-

-

-

-

11

11

-

11

11

11

11

45

0

Advances from related party

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Note payable

-

-

-

-

-

369

27

-

27

27

27

27

27

55

Note payable - related parties

-

-

-

-

-

132

132

-

-

-

-

-

0

114

Total current liabilities

84,551

93,004

76,466

64,060

60,365

1,330

735

66,482

573

332

154

150

141

169

Long-term debt, net of current portion, discounts and debt issuance costs

483,319

485,578

473,344

402,095

342,293

-

-

267,939

-

-

-

-

-

-

Warrant liability

-

-

-

-

0

-

-

8,701

-

-

-

-

-

-

Common unit repurchase obligation

-

-

-

-

0

-

-

7,690

-

-

-

-

-

-

Other non-current liabilities

6,269

6,612

7,740

7,936

7,040

-

-

6,050

-

-

-

-

-

-

Total long-term liabilities

489,588

492,190

481,084

410,031

349,333

-

-

290,380

-

-

-

-

-

-

Deferred underwriting fee payable

-

-

-

-

-

1,062

1,062

-

1,062

1,062

1,062

1,062

1,000

0

Total liabilities

574,139

585,194

557,550

474,091

409,698

2,392

1,797

356,862

1,635

1,394

1,216

1,212

1,141

169

Commitments and Contingencies (Notes 10 and 11)

-

-

-

-

0

0

0

0

-

0

-

-

-

-

Stockholders' deficit:
Common stock subject to possible conversion (4,239,522 and 4,705,821 shares at conversion value as of June 30, 2018 and December 31, 2017)

-

-

-

-

-

44,540

48,666

-

48,826

48,674

48,749

48,938

45,870

0

Preferred stock

0

0

-

-

-

0

0

-

0

0

0

0

0

0

Common stock

68

68

67

67

-

2

2

-

2

2

2

2

2

1

Additional paid-in capital

3,989

3,651

3,354

0

-

-

-

-

-

-

-

-

-

-

Treasury stock, 451,224 common shares, at cost

2,388

2,388

2,388

0

-

-

-

-

-

-

-

-

-

-

Additional paid in capital

-

-

-

-

-

5,549

5,387

-

5,227

5,379

5,304

5,115

5,051

23

Accumulated deficit

-133,543

-127,674

-111,960

-85,540

-82,392

-552

-389

-90,155

-229

-382

-307

-118

-53

-10

Total Priority Technology Holdings, Inc. stockholders' deficit

-131,874

-126,343

-110,927

-85,473

-

5,000

5,000

-

5,000

5,000

5,000

5,000

5,000

14

Non-controlling interest in a subsidiary

5,654

5,654

5,654

0

-

-

-

-

-

-

-

-

-

-

Total stockholders' deficit

-126,220

-120,689

-105,273

-85,473

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' deficit

447,919

464,505

452,277

388,618

327,306

51,933

55,464

266,707

55,462

55,068

54,966

55,150

52,012

183