|
FY2016
12 months to Dec 31, 2016
|
FY2015
12 months to Oct 31, 2015
|
|
|---|---|---|
| Operating activities | ||
| Net (loss) income | ||
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Unrealized loss on securities held in Trust Account | ||
| Interest earned on cash and securities held in Trust Account | ||
| Prepaid expenses | ||
| Accounts payable and accrued expenses | ||
| Change in fair value of contingent consideration, net | ||
| Depreciation and amortization | ||
| Stock-based compensation expense | ||
| Related-party loan forgiveness | ||
| Agent advance forgiveness | ||
| Deferred taxes | ||
| Amortization of debt issuance costs | ||
| Loss on disposal of assets | ||
| Common stock issued for services | ||
| Changes in operating assets and liabilities: | ||
| Restricted cash | ||
| Accounts receivable | ||
| Processing assets | ||
| Other receivables | ||
| Other prepaid expenses | ||
| Other current assets | ||
| Accounts payable | ||
| Residuals payable | ||
| Processing liabilities | ||
| Prepaid income taxes | ||
| Contingent consideration paid in excess of acquisition date fair value | ||
| Accrued expenses | ||
| Deferred revenue | ||
| Net cash provided by operating activities | ||
| Investing activities | ||
| Investment of cash and securities held in trust | ||
| Change ISO advances | ||
| Purchases of property and equipment | ||
| Proceeds from sale of property and equipment | ||
| Purchases of merchant portfolios and residual buyouts | ||
| Acquisitions, net of – , $1,345,370 and – cash acquired | ||
| Consideration paid for service contracts | ||
| Advances to related parties | ||
| Repayment of related party loans | ||
| Additions to internally developed software | ||
| Net cash used in investing activities | ||
| Financing activities | ||
| Proceeds from redeemable preferred stock, net of offering costs | ||
| Deposits held in escrow | ||
| Release of deposits held in escrow | ||
| Cash received in connection with reverse merger | ||
| Proceeds from private placement of common stock, net of offering costs | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Placement Units | ||
| Payment of offering costs | ||
| Loan from Sponsor | ||
| Repayment of loan from Sponsor | ||
| Distribution to former stockholders in connection with reverse merger | ||
| Net change in settlement obligation | ||
| Borrowings on long-term debt | ||
| Payments on long-term debt | ||
| Payment of preferred stock dividend | ||
| Purchase of treasury stock | ||
| Proceeds from stock options exercised | ||
| Payment of contingent consideration | ||
| Net cash provided by (used in) financing activities | ||
| Net increase (decrease) in cash and cash equivalents | ||
| Cash and cash equivalents at beginning of year | ||
| Cash and cash equivalents at end of year | ||
| Payment of offering costs pursuant to loan from Sponsor | ||
| Deferred underwriting fees | ||
| Deferred legal fees | ||
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for income taxes, net of refunds | ||
| Supplemental disclosure of non-cash investing and financing activity: | ||
| Change in ISO advances | ||
| Purchases of merchant portfolios and residual buyouts | ||
| Common stock issued for services | ||
| Cancellation of treasury stock in connection with reverse merger | ||
| Accrued Series A Preferred Stock dividends |
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