| 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 | |||||||||
-41,630 | -30,481 | -5,331 | - | 11,621 | 15,401 | 10,537 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
40,969 | 29,979 | 0 | 0 | - | 0 | - | - | - | - |
Stock based compensation | |||||||||
26,317 | 22,922 | 0 | 0 | - | 0 | - | - | - | - |
Amortization of debt issuance costs | |||||||||
1,017 | 786 | 0 | 0 | - | 0 | - | - | - | - |
Fair value change in tax receivable liability | |||||||||
0 | 0 | 0 | - | - | - | - | - | - | - |
Fair value change in other assets and liabilities | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Deferred tax expense | |||||||||
0 | 0 | 0 | - | - | - | - | - | - | - |
Change in accounts receivable | |||||||||
2,246 | 3,835 | 0 | 0 | - | 0 | - | - | - | - |
Change in related party receivable | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Change in prepaid expenses and other | |||||||||
3,611 | 3,652 | 0 | 0 | - | 0 | - | - | - | - |
Change in accounts payable | |||||||||
0 | - | - | 0 | - | 0 | - | - | - | - |
Change in related party payable | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Change in accounts payable | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Change in accrued expenses and other | |||||||||
18,068 | 15,779 | 0 | 0 | - | 0 | - | - | - | - |
Net cash provided by (used in) operating activities | |||||||||
21,183 | 12,268 | 28,853 | - | 23,513 | 23,833 | 24,176 | 0 | 0 | 0 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment | |||||||||
965 | 701 | 0 | 0 | - | 0 | - | - | - | - |
Purchases of software | |||||||||
7,688 | 7,218 | 0 | 0 | - | 0 | - | - | - | - |
Acquisition of Ventanex, net of cash and restricted cash acquired | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-375,385 | -339,129 | 0 | 0 | - | 0 | - | - | - | - |
Cash flows from financing activities | |||||||||
Change in line of credit | |||||||||
0 | 0 | 0 | - | - | - | - | - | - | - |
Issuance of long-term debt | |||||||||
0 | 0 | 0 | - | - | - | - | - | - | - |
Payments on long-term debt | |||||||||
93,650 | 93,312 | 0 | 0 | - | 0 | - | - | - | - |
Exercise of warrants | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Private placement issuance of Class A Common Stock | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Repurchase of outstanding warrants | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Conversion of Thunder Bridge Class A ordinary shares to Class A Common Stock | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Distributions to Members | |||||||||
- | 7,090 | 0 | 0 | - | 0 | - | - | - | - |
Payment of loan costs | |||||||||
0 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from promissory note | |||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 |
Payment of deferred offering costs | |||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | |||||||||
398,203 | 360,611 | 86,244 | - | -269,374 | -9,562 | -8,207 | 0 | 0 | 0 |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
43,101 | 32,850 | 0 | 0 | - | 0 | - | - | - | - |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||||||||
Cash paid during the year for: | |||||||||
Interest | |||||||||
5,800 | 8,280 | 0 | 0 | - | 0 | - | - | - | - |
Net change in cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 |
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||||||||
Valuation adjustment to contingent consideration for APS acquisition | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Acquisition of Ventanex in exchange for contingent consideration | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Hawk Parent | |||||||||
Acquisition, net of cash and restricted cash acquired | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of Hawk Parent in exchange for Class A Common Stock | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of Hawk Parent in exchange for amounts payable under Tax Receivable Agreement | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Acquisition in exchange for contingent consideration | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
TriSource Solutions, LLC | |||||||||
Acquisition, net of cash and restricted cash acquired | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
Acquisition in exchange for contingent consideration | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |