$RPAY
Repay Holdings Corp

2019 Q3 Form 10-Q Financial Statement

#000156459019043526 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $2.334M $0.00 $0.00
YoY Change
Cost Of Revenue $6.368M
YoY Change
Gross Profit -$4.034M
YoY Change
Gross Profit Margin -172.84%
Selling, General & Admin $34.07M $6.104M
YoY Change 458.15%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $108.6K
YoY Change -100.0%
% of Gross Profit
Operating Expenses $34.07M $940.0K $6.104M
YoY Change 458.15%
Operating Profit -$32.54M $3.717M $5.215M
YoY Change -723.9%
Interest Expense -$226.5K $1.390M $1.240M
YoY Change -118.27%
% of Operating Profit 37.4% 23.78%
Other Income/Expense, Net -$226.5K
YoY Change
Pretax Income -$18.60M $450.0K $1.070M
YoY Change -1838.27%
Income Tax -$2.700M
% Of Pretax Income
Net Earnings -$8.481M $2.145M $3.727M
YoY Change -327.55%
Net Earnings / Revenue -363.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.201M $62.76K $137.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.50M $100.0K $800.0K
YoY Change 5587.5%
Cash & Equivalents $18.21M $13.29M $19.17M
Short-Term Investments
Other Short-Term Assets $4.100M $100.0K $100.0K
YoY Change 4000.0%
Inventory
Prepaid Expenses
Receivables $12.60M $5.979M
Other Receivables $0.00
Total Short-Term Assets $62.21M $20.08M $900.0K
YoY Change 6811.75%
LONG-TERM ASSETS
Property, Plant & Equipment $1.485M $1.247M
YoY Change
Goodwill $339.9M $119.5M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.60M $263.3M $261.9M
YoY Change -95.57% 131550.0%
Total Long-Term Assets $706.6M $199.0M $261.8M
YoY Change 169.91% 99387.91%
TOTAL ASSETS
Total Short-Term Assets $62.21M $20.08M $900.0K
Total Long-Term Assets $706.6M $199.0M $261.8M
Total Assets $768.8M $219.1M $262.7M
YoY Change 192.66% 109428.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.742M $2.909M $0.00
YoY Change
Accrued Expenses $18.64M $12.84M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $5.250M $4.900M
YoY Change
Total Short-Term Liabilities $34.86M $20.65M $0.00
YoY Change 10223.6%
LONG-TERM LIABILITIES
Long-Term Debt $198.9M $89.32M $0.00
YoY Change
Other Long-Term Liabilities $16.86K $16.86K $9.700M
YoY Change -99.83%
Total Long-Term Liabilities $265.9M $89.33M $9.700M
YoY Change 2641.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.86M $20.65M $0.00
Total Long-Term Liabilities $265.9M $89.33M $9.700M
Total Liabilities $300.8M $110.0M $9.700M
YoY Change 3000.53% 54889.64%
SHAREHOLDERS EQUITY
Retained Earnings -$46.14M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $252.8M $253.5M $253.0M
YoY Change
Total Liabilities & Shareholders Equity $768.8M $219.1M $262.7M
YoY Change 192.66% 109428.81%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$8.481M $2.145M $3.727M
YoY Change -327.55%
Depreciation, Depletion And Amortization $0.00 $108.6K
YoY Change -100.0%
Cash From Operating Activities $4.937M -$550.0K -$410.0K
YoY Change -1304.17% 4000.0%
INVESTING ACTIVITIES
Capital Expenditures $265.7K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$301.6M $0.00 $0.00
YoY Change
Cash From Investing Activities -$303.5M $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $89.80M
YoY Change
Cash From Financing Activities 355.6M -110.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 4.937M -550.0K -410.0K
Cash From Investing Activities -303.5M 0.000 0.000
Cash From Financing Activities 355.6M -110.0K 0.000
Net Change In Cash 57.05M -660.0K -410.0K
YoY Change -14014.41% -2150.0%
FREE CASH FLOW
Cash From Operating Activities $4.937M -$550.0K -$410.0K
Capital Expenditures $265.7K
Free Cash Flow $4.671M
YoY Change

Facts In Submission

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<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">1. Nature of Operations</p> <p style="margin-bottom:0pt;margin-top:10pt;text-align:justify;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Repay Holdings Corporation and its consolidated subsidiaries (&#8220;REPAY&#8221; or the &#8220;Company&#8221;) is a full&#8209;service provider of electronic transaction processing services.&nbsp;&nbsp;The Company targets its marketing efforts to certain industries that have specific transaction processing needs.</p> <p style="margin-bottom:0pt;margin-top:10pt;text-align:justify;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July 11, 2019, Thunder Bridge Acquisition, Ltd. (&#8220;Thunder Bridge&#8221;) domesticated into a Delaware corporation (the &#8220;Domestication&#8221;) and consummated the merger (the &#8220;Merger&#8221;) of a wholly-owned subsidiary of Thunder Bridge with and into Hawk Parent Holdings LLC (together with its subsidiaries &#8220;Hawk Parent&#8221;), pursuant to a Second Amended and Restated Agreement and Plan of Merger dated effective as of January 21, 2019 (as amended or supplemented from time to time, the &#8220;Merger Agreement&#8221;) among Thunder Bridge, Hawk Parent and certain other parties thereto (the Domestication, the Merger and other transactions contemplated by the Merger Agreement, collectively, the &#8220;Business Combination&#8221;), following the approval at the extraordinary general meeting of the shareholders of Thunder Bridge held on July 10, 2019 (the &#8220;Shareholders Meeting&#8221;). In connection with the closing of the Business Combination (the &#8220;Closing&#8221;), the registrant changed its name from Thunder Bridge Acquisition, Ltd. to Repay Holdings Corporation and its trading symbols on NASDAQ from &#8220;TBRGU&#8221;, &#8220;TBRG&#8221; and &#8220;TBRGW&#8221; to &#8220;RPAY&#8221; and &#8220;RPAYW&#8221;.</p> <p style="margin-bottom:0pt;margin-top:10pt;text-align:justify;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the Business Combination, Thunder Bridge&#8217;s then issued and outstanding Class&#160;A ordinary shares and Class&#160;B ordinary shares automatically converted, on a one-for-one basis, into shares of Class&#160;A common stock of Repay Holdings Corporation, and each issued and outstanding warrant to purchase Class A ordinary shares of Thunder Bridge became, after giving effect to the Warrant Amendment (as defined below), exercisable by its terms to purchase an equal number of shares of Class A common stock. In addition, pre-Business Combination members of Hawk Parent received as consideration for their existing limited liability company interests of Hawk Parent an amount of cash and a number of units representing limited liability company interests of Hawk Parent as the surviving company following the Merger (the &#8220;Post-Merger Repay Units&#8221;, and holders of such Post-Merger Repay Units, the &#8220;Repay Unitholders&#8221;). In connection with the issuance of such Post-Merger Repay Units, the Company issued to Hawk Parent, as the surviving company following the Merger, 100 shares of Class V common stock of the Company, and Hawk Parent distributed one share of Class V common stock to each holder of Post-Merger Repay Units. The rights of holders of the Company&#8217;s common stock and warrants are governed by its certificate of incorporation, its bylaws and the Delaware General Corporation Law (the &#8220;DGCL&#8221;), and in the case of the warrants, the Warrant Agreement, dated June 18, 2018, between Thunder Bridge and the Continental Stock Transfer &amp; Trust Company, as amended by the Warrant Amendment (the &#8220;Warrant Amendment&#8221;), dated July 11, 2019 (as amended, the &#8220;Warrant Agreement&#8221;).</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As a result of the Business Combination, for accounting purposes, Repay Holdings Corporation is the acquirer and Hawk Parent is the acquired party and accounting predecessor. Our financial statement presentation includes the financial statements of Hawk Parent as &#8220;Predecessor&#8221; for periods prior to the completion of the Business Combination and of Repay Holdings Corporation, including the consolidation of Hawk Parent, for periods from and after the Closing (referred to as the &#8220;Successor&#8221;).</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August 13, 2019, the Successor, through its indirect majority owned subsidiary Repay Holdings, LLC, the members of TriSource Solutions, LLC (&#8220;TriSource&#8221;) and certain other parties entered into a Securities Purchase Agreement dated effective as of August 13, 2019 (as amended or supplemented from time to time, the &#8220;TriSource Purchase Agreement&#8221;), pursuant to which REPAY acquired TriSource (the &#8220;TriSource Acquisition&#8221;). TriSource, founded in 2007, provides back-end transaction processing services to independent sales organizations (&#8220;ISO&#8217;s&#8221;) and operates as a direct ISO on behalf of its owned portfolios and external sales agents. </p>
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<p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported consolidated statements of operations during the reporting period. Actual results could differ materially from those estimates.</p>
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CY2019Q3 us-gaap Depreciation
Depreciation
164123
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">Reclassification</p> <p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain amounts in the consolidated financial statements have been reclassified from their original presentation to conform to current year presentation. These reclassifications had no material impact on the consolidated financial statements as previously reported.</p>
us-gaap Business Acquisition Equity Interest Issued Or Issuable Description
BusinessAcquisitionEquityInterestIssuedOrIssuableDescription
Thunder Bridge’s then issued and outstanding Class A ordinary shares and Class B ordinary shares automatically converted, on a one-for-one basis, into shares of Class A common stock of Repay Holdings Corporation, and each issued and outstanding warrant to purchase Class A ordinary shares of Thunder Bridge became, after giving effect to the Warrant Amendment (as defined below), exercisable by its terms to purchase an equal number of shares of Class A common stock.
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
32737210
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1649330
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1803946
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
164123
CY2019Q3 us-gaap Depreciation
Depreciation
15220
us-gaap Depreciation
Depreciation
282303
CY2018Q3 us-gaap Depreciation
Depreciation
108587
us-gaap Depreciation
Depreciation
270833
CY2019Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
20800000
CY2019Q3 rpay Number Of Trade Names
NumberOfTradeNames
2
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19495866
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68222761
CY2018 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y5M26D
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
313382965
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10538717
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
302844248
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y1M17D
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10538717
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
318070
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5940613
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2557338
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7309512
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
12279830
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
49119322
CY2019Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2019Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2719402
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
48389953
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
36500761
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23950000
CY2019Q3 rpay Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
23950000
CY2019Q3 rpay Finite Lived Intangible Assets Amortization Expense After Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearSix
108654382
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
210000000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
95750000
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5841704
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1534796
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
198908296
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
89315204
CY2019Q3 rpay Percentage Of Initial Principal Amount Of The Term Loans
PercentageOfInitialPrincipalAmountOfTheTermLoans
0.00625
CY2018 rpay Percentage Of Initial Principal Amount Of The Term Loans
PercentageOfInitialPrincipalAmountOfTheTermLoans
0.0125
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1312500
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5250000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7875000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
13125000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
15750000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
166687500
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1339214
us-gaap Interest Expense Debt
InterestExpenseDebt
4065999
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
354770
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
842684
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
606477
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
255105
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
103868
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2162904
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
6762601
CY2018Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
315710
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1389958
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
25453313
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y4M6D
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9750822
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
9171
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
180.87
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
9460
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
9460
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
182.83
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
182.83
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
658195
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
908977
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.146
CY2019Q3 rpay Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.234
CY2019Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5577541
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1.00
CY2019Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2019Q3 rpay Percentage Of Tax Benefits Payable Under Tax Receivable Agreement
PercentageOfTaxBenefitsPayableUnderTaxReceivableAgreement
1.00
CY2019Q3 rpay Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
66337623

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