| Mar'20 | Dec'19 | Sep'19 | Jul'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net (loss) income | |||||||||
-6,284 | -15,680 | -15,880 | - | -3,785 | 4,864 | 9,468 | 1,073 | -4 | -0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
13,904 | 13,054 | 10,702 | 3,308 | - | 2,914 | - | - | - | - |
Stock based compensation | |||||||||
3,522 | 12,262 | 9,750 | 781 | - | 127 | - | - | - | - |
Amortization of debt issuance costs | |||||||||
332 | 346 | 223 | 113 | - | 101 | - | - | - | - |
Fair value change in tax receivable liability | |||||||||
541 | 1,187 | 450 | - | - | - | - | - | - | - |
Fair value change in other assets and liabilities | |||||||||
-4 | - | - | - | - | - | - | - | - | - |
Deferred tax expense | |||||||||
-1,116 | -2,271 | -2,719 | - | - | - | - | - | - | - |
Change in accounts receivable | |||||||||
-242 | -531 | -247 | 3,267 | - | 1,346 | - | - | - | - |
Change in related party receivable | |||||||||
-563 | - | - | - | - | - | - | - | - | - |
Change in prepaid expenses and other | |||||||||
10 | 489 | 3,089 | 21 | - | 52 | - | - | - | - |
Change in accounts payable | |||||||||
1,149 | - | - | 1,850 | - | -553 | - | - | - | - |
Change in related party payable | |||||||||
-160 | - | - | - | - | - | - | - | - | - |
Change in accounts payable | |||||||||
- | - | 2,914 | - | - | - | - | - | - | - |
Change in accrued expenses and other | |||||||||
-4,109 | -14,691 | 2,335 | 34,534 | - | -6,398 | - | - | - | - |
Net cash provided by (used in) operating activities | |||||||||
8,571 | 7,998 | 4,937 | - | -323 | -343 | 24,583 | -403 | -2 | -0 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment | |||||||||
366 | 232 | 265 | 100 | - | 102 | - | - | - | - |
Purchases of software | |||||||||
2,409 | 1,692 | 1,682 | 1,904 | - | 1,938 | - | - | - | - |
Acquisition of Ventanex, net of cash and restricted cash acquired | |||||||||
35,521 | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-38,296 | -31,576 | -303,507 | -2,004 | - | -2,041 | - | - | - | - |
Cash flows from financing activities | |||||||||
Change in line of credit | |||||||||
-10,000 | 10,000 | -3,500 | - | - | - | - | - | - | - |
Issuance of long-term debt | |||||||||
46,000 | 0 | 210,000 | - | - | - | - | - | - | - |
Payments on long-term debt | |||||||||
1,562 | 1,062 | 89,800 | 1,225 | - | 1,225 | - | - | - | - |
Exercise of warrants | |||||||||
3,534 | - | - | - | - | - | - | - | - | - |
Private placement issuance of Class A Common Stock | |||||||||
- | 0 | 135,000 | - | - | - | - | - | - | - |
Repurchase of outstanding warrants | |||||||||
- | 0 | 38,700 | - | - | - | - | - | - | - |
Conversion of Thunder Bridge Class A ordinary shares to Class A Common Stock | |||||||||
- | 0 | 148,870 | - | - | - | - | - | - | - |
Distributions to Members | |||||||||
- | 0 | 185 | 6,753 | - | 151 | - | - | - | - |
Payment of loan costs | |||||||||
1,755 | 0 | 6,065 | - | - | - | - | - | - | - |
Proceeds from promissory note | |||||||||
- | - | - | - | - | - | - | 0 | 100 | 21 |
Payment of deferred offering costs | |||||||||
- | - | - | - | - | - | - | 0 | -401 | -42 |
Net cash provided by (used in) financing activities | |||||||||
36,215 | 4,430 | 355,619 | - | 1,938 | -1,376 | -269,936 | 0 | 261,750 | -21 |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
6,490 | -19,147 | 57,049 | -1,289 | - | -3,760 | - | - | - | - |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||||||||
Cash paid during the year for: | |||||||||
Interest | |||||||||
3,184 | 3,443 | 1,907 | -2,735 | - | 5,665 | - | - | - | - |
Net change in cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | -403 | 1,167 | -22 |
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||||||||
Valuation adjustment to contingent consideration for APS acquisition | |||||||||
6,580 | - | - | - | - | - | - | - | - | - |
Acquisition of Ventanex in exchange for contingent consideration | |||||||||
10,800 | - | - | - | - | - | - | - | - | - |
Hawk Parent | |||||||||
Acquisition, net of cash and restricted cash acquired | |||||||||
- | 0 | 242,599 | - | - | - | - | - | - | - |
Acquisition of Hawk Parent in exchange for Class A Common Stock | |||||||||
- | 0 | 220,056 | - | - | - | - | - | - | - |
Acquisition of Hawk Parent in exchange for amounts payable under Tax Receivable Agreement | |||||||||
- | -348 | 65,886 | - | - | - | - | - | - | - |
Acquisition in exchange for contingent consideration | |||||||||
- | 0 | 12,300 | - | - | - | - | - | - | - |
TriSource Solutions, LLC | |||||||||
Acquisition, net of cash and restricted cash acquired | |||||||||
- | 201 | 58,958 | - | - | - | - | - | - | - |
Acquisition in exchange for contingent consideration | |||||||||
- | 0 | 2,250 | - | - | - | - | - | - | - |