2021 Q4 Form 10-K Financial Statement

#000162828022013593 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $25.74M $22.93M $22.40M
YoY Change -61.26% 25.05% 45.19%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $26.14M $12.42M $17.61M
YoY Change -58.63% 1203.63% 7712.24%
% of Gross Profit
Research & Development $4.893M $8.399M
YoY Change -26.28% 6.72%
% of Gross Profit
Depreciation & Amortization $3.104M $100.0K $100.0K
YoY Change -74.18% 0.0% 0.0%
% of Gross Profit
Operating Expenses $32.05M $4.893M $8.399M
YoY Change -50.98% -26.28% 6.72%
Operating Profit $2.249M -$310.0K
YoY Change 268.69% -91.65%
Interest Expense -$764.0K $0.00 $42.00K
YoY Change -45.59% -100.0% -89.47%
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.074M $8.291M -$3.408M
YoY Change 308.31% 3126.07% -17.12%
Income Tax $1.730M $1.167M $1.382M
% Of Pretax Income 14.08%
Net Earnings -$8.804M $7.124M -$4.790M
YoY Change 490.05% 2749.6% 16.29%
Net Earnings / Revenue -34.21% 31.07% -21.38%
Basic Earnings Per Share $600.00 -$0.40
Diluted Earnings Per Share -$687.7K $0.60 -$0.40
COMMON SHARES
Basic Shares Outstanding 12.21M shares 11.90M shares 11.90M shares
Diluted Shares Outstanding 11.90M shares 11.90M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.70M $20.41M $19.59M
YoY Change 759.95% 185249.68% 3169.41%
Cash & Equivalents $25.70M $20.41M $19.59M
Short-Term Investments
Other Short-Term Assets $2.099M $2.046M $1.786M
YoY Change -10.6% 2628.0% 10843.63%
Inventory
Prepaid Expenses
Receivables $9.194M $9.836M $11.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $37.00M $32.29M $32.93M
YoY Change 140.71% 37440.98% 5250.78%
LONG-TERM ASSETS
Property, Plant & Equipment $346.0K $305.0K $349.0K
YoY Change -13.72%
Goodwill $5.259M $5.259M $5.259M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $398.0K $840.0K $740.0K
YoY Change -53.34%
Total Long-Term Assets $39.35M $42.93M $45.41M
YoY Change -23.21% 29.38% 36.93%
TOTAL ASSETS
Total Short-Term Assets $37.00M $32.29M $32.93M
Total Long-Term Assets $39.35M $42.93M $45.41M
Total Assets $76.34M $75.21M $78.35M
YoY Change 14.61% 126.11% 131.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.947M $6.914M $7.117M
YoY Change -7.63% 626.55% 3107.3%
Accrued Expenses $416.0K $596.0K $719.0K
YoY Change -40.66%
Deferred Revenue $15.39M $16.31M $15.51M
YoY Change 45.32%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.56M $26.19M $31.52M
YoY Change -38.31% 2567.53% 6033.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.80M $13.07M $20.46M
YoY Change 445.4% -47.33% -23.73%
Total Long-Term Liabilities $13.80M $13.07M $20.46M
YoY Change 445.4% -47.33% -23.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.56M $26.19M $31.52M
Total Long-Term Liabilities $13.80M $13.07M $20.46M
Total Liabilities $38.36M $39.26M $51.98M
YoY Change -9.4% 52.15% 90.11%
SHAREHOLDERS EQUITY
Retained Earnings -$22.71M -$21.36M -$28.48M
YoY Change -42.88%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 14.50K shares
Shareholders Equity $37.98M $35.96M $26.37M
YoY Change
Total Liabilities & Shareholders Equity $76.34M $75.21M $78.35M
YoY Change 14.61% 126.11% 131.93%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$8.804M $7.124M -$4.790M
YoY Change 490.05% 2749.6% 16.29%
Depreciation, Depletion And Amortization $3.104M $100.0K $100.0K
YoY Change -74.18% 0.0% 0.0%
Cash From Operating Activities $5.461M $1.176M $11.39M
YoY Change -68.93% -299.95% -1565.43%
INVESTING ACTIVITIES
Capital Expenditures -$181.0K -$358.0K -$77.00K
YoY Change -95.5%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$181.0K -$358.0K -$77.00K
YoY Change -99.88% -3580100.0% -100.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.00K 0.000 -9.100M
YoY Change -99.99% -93.62%
NET CHANGE
Cash From Operating Activities 5.461M 1.176M 11.39M
Cash From Investing Activities -181.0K -358.0K -77.00K
Cash From Financing Activities 17.00K 0.000 -9.100M
Net Change In Cash 5.297M 818.0K 2.210M
YoY Change -203.35% -239.08% 667.79%
FREE CASH FLOW
Cash From Operating Activities $5.461M $1.176M $11.39M
Capital Expenditures -$181.0K -$358.0K -$77.00K
Free Cash Flow $5.642M $1.534M $11.46M
YoY Change -73.87%

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IncreaseDecreaseInOperatingLeaseLiability
-1406000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3118000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27543000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16038000 USD
CY2021 us-gaap Payments For Software
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595000 USD
CY2020 us-gaap Payments For Software
PaymentsForSoftware
3947000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
138000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-733000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4020000 USD
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-21000000 USD
CY2020 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-19000000 USD
CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
CY2020 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
1385000 USD
CY2021 bmtx Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
16888000 USD
CY2020 bmtx Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
0 USD
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
17000 USD
CY2020 us-gaap Proceeds From Warrant Exercises
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0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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-4095000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-17615000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22715000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5597000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2989000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8586000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25704000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2989000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4224000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
178000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2021 us-gaap Stock Issued1
StockIssued1
740000 USD
CY2020 us-gaap Stock Issued1
StockIssued1
0 USD
CY2021 bmtx Share Based Compensation Recorded As Capital Contribution From Related Party
ShareBasedCompensationRecordedAsCapitalContributionFromRelatedParty
0 USD
CY2020 bmtx Share Based Compensation Recorded As Capital Contribution From Related Party
ShareBasedCompensationRecordedAsCapitalContributionFromRelatedParty
468000 USD
CY2021 bmtx Revenue From Contracts With Customers Number Of Primary Revenue Sources
RevenueFromContractsWithCustomersNumberOfPrimaryRevenueSources
4 revenue_source
CY2021 bmtx Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
27669000 USD
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
20003000 USD
CY2021 bmtx Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
47672000 USD
CY2021 bmtx Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
3987000 USD
CY2021 bmtx Payments For Reverse Recapitalization Transaction
PaymentsForReverseRecapitalizationTransaction
23125000 USD
CY2021 bmtx Proceeds From Reverse Recapitalization Transaction Excluding Payments For Transaction Costs And Consideration Payments
ProceedsFromReverseRecapitalizationTransactionExcludingPaymentsForTransactionCostsAndConsiderationPayments
20560000 USD
CY2021 us-gaap Repayments Of Short Term Debt
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8834000 USD
CY2021 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
6738000 USD
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
15572000 USD
CY2021 bmtx Reverse Recapitalization Net
ReverseRecapitalizationNet
4988000 USD
CY2021 bmtx Reverse Recapitalization90 Day Merger True Up Adjustment Accrual
ReverseRecapitalization90DayMergerTrueUpAdjustmentAccrual
3672000 USD
CY2021 bmtx Reverse Recapitalization Net Including90 Day True Up Adjustment
ReverseRecapitalizationNetIncluding90DayTrueUpAdjustment
1316000 USD
CY2020Q4 bmtx Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
6123432 shares
CY2021Q1 bmtx Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
6076946 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12200378 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12200378 shares
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Customer and Vendor Concentrations</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2021 and December 31, 2020, our Partner Bank accounted for 61% and 31% (As Restated) of our total </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts receivable, net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively. At December 31, 2021 and December 31, 2020, a BaaS partner accounted for 13% and 46% (As Restated) of our total </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts receivable, net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively. MasterCard accounted for 17% (As Restated) of our total </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts receivable, net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> at both December 31, 2021 and December 31, 2020.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the twelve months ended December 31, 2021 and 2020, our Partner Bank, through a Deposit Processing Services Agreement, accounted for 87% and 86% of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Total operating revenues</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 14 – Relationship with our Partner Bank </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for additional information. Certain of these revenues are paid directly by MasterCard or individual account holders to the Company. On April 27, 2022, our Partner Bank indicated in a public filing that it will not renew the current Deposit Processing Services Agreement with the Company when it expires on December 31, 2022. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 15 - Subsequent Events</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the twelve months ended December 31, 2021 and 2020, there is one vendor that accounted for 12% and 18% of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Total operating expenses</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary to present a fair statement of the financial position and the results of operations and cash flows of BMTX for the periods presented. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include valuation of deferred tax assets, valuation of the private warrants, goodwill, and intangible asset impairment analysis. Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Prior Period Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Certain prior period amounts have been reclassified to conform to the current period presentation. $2.4 million of expense for mailing and shipping costs that was previously included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Other expense</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> is now included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Customer related supplies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. In addition, $0.5 million of share-based compensation was previously disclosed as a component of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Capital contribution from Customers Bank</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> on the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Consolidated Statements of Shareholders’ Equity,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> but is now disclosed as a separate financial statement line item entitled </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Share-based compensation expense.</span></div>
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5100000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3700000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P20Y
CY2021Q4 us-gaap Goodwill
Goodwill
5300000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4700000 USD
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021Q4 bmtx Class Of Warrant Or Right Redemption Rights Stock Price Trigger
ClassOfWarrantOrRightRedemptionRightsStockPriceTrigger
24.00
CY2021 bmtx Class Of Warrant Or Right Redemption Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionRightsThresholdTradingDays
20 trading_day
CY2021 bmtx Class Of Warrant Or Right Redemption Rights Threshold Trading Day Period
ClassOfWarrantOrRightRedemptionRightsThresholdTradingDayPeriod
30 trading_day
CY2021 us-gaap Revenue From Collaborative Arrangement Excluding Revenue From Contract With Customer
RevenueFromCollaborativeArrangementExcludingRevenueFromContractWithCustomer
15700000 USD
CY2020 us-gaap Revenue From Collaborative Arrangement Excluding Revenue From Contract With Customer
RevenueFromCollaborativeArrangementExcludingRevenueFromContractWithCustomer
19700000 USD
CY2021Q4 bmtx Operating Losses Liability Current
OperatingLossesLiabilityCurrent
100000 USD
CY2020Q4 bmtx Operating Losses Liability Current
OperatingLossesLiabilityCurrent
400000 USD
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
100000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
700000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
171000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
92000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
79000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
26000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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2084000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1946000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1738000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1545000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
346000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
401000 USD
CY2021 us-gaap Depreciation
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200000 USD
CY2020 us-gaap Depreciation
Depreciation
300000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
69504000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
69124000 USD
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
40911000 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
29467000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
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28593000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
39657000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
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11400000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11000000 USD
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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200000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3700000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
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P20Y
CY2020 us-gaap Goodwill Impairment Loss
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0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1653000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1332000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4749000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5070000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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700000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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320000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
320000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
320000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
320000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
320000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3149000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4749000 USD
CY2021Q4 bmtx Lessee Operating Lease Number Of Office Space Locations
LesseeOperatingLeaseNumberOfOfficeSpaceLocations
2 location
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
398000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1218000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
416000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1131000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 USD
CY2020 us-gaap Operating Lease Cost
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900000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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418000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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418000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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2000 USD
CY2021Q4 us-gaap Operating Lease Liability
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416000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P0Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.010
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.014
CY2020Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
21000000 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
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1000000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12193378 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12193378 shares
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Shares
ReverseRecapitalizationContingentConsiderationEquityShares
300000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6123432 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6123432 shares
CY2021Q4 bmtx Common Stock Voting Rights Number Of Votes Per Share
CommonStockVotingRightsNumberOfVotesPerShare
1000 vote
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Shares
ReverseRecapitalizationContingentConsiderationEquityShares
300000 shares
CY2021Q4 bmtx Reverse Recapitalization Par Or Stated Value Per Share
ReverseRecapitalizationParOrStatedValuePerShare
0.0001
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Earnout Period Stock Price Trigger
ReverseRecapitalizationContingentConsiderationEquityEarnoutPeriodStockPriceTrigger
15.00
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Earnout Period Threshold Trading Day Period
ReverseRecapitalizationContingentConsiderationEquityEarnoutPeriodThresholdTradingDayPeriod
20 trading_day
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Earnout Period Threshold Trading Days
ReverseRecapitalizationContingentConsiderationEquityEarnoutPeriodThresholdTradingDays
30 trading_day
CY2021Q1 bmtx Reverse Recapitalization Contingent Consideration Equity Earnout Period Stock Price Trigger
ReverseRecapitalizationContingentConsiderationEquityEarnoutPeriodStockPriceTrigger
15.00
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.10
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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P5Y
CY2021Q4 bmtx Class Of Warrant Or Right Redemption Rights Stock Price Trigger
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24.00
CY2021 bmtx Class Of Warrant Or Right Redemption Rights Threshold Trading Days
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CY2021 bmtx Class Of Warrant Or Right Redemption Rights Threshold Trading Day Period
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Unbilled Receivables Current
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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4788000 USD
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
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0 USD
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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23000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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216000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0183
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0475
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1521000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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125000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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143000 USD
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Deferred Tax Assets Net
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5633000 USD
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CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021 bmtx Effective Income Tax Rate Reconciliation Change In Fair Value Of Derivative Warrant Liabilities Amount
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CY2020 bmtx Effective Income Tax Rate Reconciliation Change In Fair Value Of Derivative Warrant Liabilities Amount
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0 USD
CY2020 bmtx Effective Income Tax Rate Reconciliation Change In Fair Value Of Derivative Warrant Liabilities Percent
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0
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2806000 USD
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0.1143
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3882000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.3184
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.0597
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0
CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0
CY2020 us-gaap Income Tax Reconciliation Tax Credits
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-0.0716
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27000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.0088
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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154000 USD
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-0.0126
CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.2524
CY2020 us-gaap Income Tax Expense Benefit
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23000 USD
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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0 USD
CY2020Q4 bmtx Deferred Tax Assets Operating Loss And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossAndTaxCreditCarryforwards
16431000 USD
CY2021Q4 bmtx Deferred Tax Assets Capitalized Expenses Before Business Combination
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788000 USD
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1226000 USD
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1226000 USD
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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5633000 USD
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CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
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88000 shares
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0 shares
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24521000 shares
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800000 USD
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us-gaap Net Income Loss
NetIncomeLoss
18393000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-115000 USD
us-gaap Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
0 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1103000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-535000 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8467000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
240000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
644000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8019000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-17989000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-197000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-302000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
631000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3840000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22082000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3124000 USD
us-gaap Interest Paid Net
InterestPaidNet
178000 USD
us-gaap Stock Issued1
StockIssued1
740000 USD
us-gaap Payments For Software
PaymentsForSoftware
501000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
51000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-552000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-21000000 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
bmtx Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
16888000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4112000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17418000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2989000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20407000 USD
bmtx Share Based Compensation Recorded As Capital Contribution From Related Party
ShareBasedCompensationRecordedAsCapitalContributionFromRelatedParty
0 USD

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