Quarterly report pursuant to Section 13 or 15(d)

RECONCILIATION OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTERESTS

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RECONCILIATION OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTERESTS
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
RECONCILIATION OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTERESTS RECONCILIATION OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTERESTS
The Company is authorized to issue 100,000,000 shares of preferred stock with such designations, voting and other rights and preferences as may be determined from time to time by the board of directors. As of March 31, 2021 and December 31, 2020, the Company has not issued any shares of preferred stock. See Note 16, Subsequent Events, for information on the Securities Purchase Agreement the Company executed on April 27, 2021.
The following tables provide a reconciliation of the beginning and ending carrying amounts for the periods presented for the components of which is the deficit attributable to stockholders of the Company and equity attributable to non-controlling interest:

(in thousands) Additional Paid-In Capital Accumulated (Deficit) Total Priority Technology Holdings, Inc. Stockholders' (Deficit)
Preferred Stock Common Stock Treasury Stock (a)
Shares Amount Shares Amount Shares Amount
January 1, 2021 —  $ —  67,391  $ 68  451  $ (2,388) $ 5,769  $ (102,013) $ (98,564)
Equity-classified stock-based compensation —  —  —  —  —  —  558  —  558 
Vesting of stock-based compensation —  —  159  —  —  —  —  —  — 
Liability-classified stock-based compensation converted to equity-classified —  —  —  —  —  —  313  —  313 
Net loss —  —  —  —  —  —  —  (2,679) (2,679)
Proceeds from exercise of stock options —  —  90  —  —  —  617  —  617 
March 31, 2021 —  $ —  67,640  $ 68  451  $ (2,388) $ 7,257  $ (104,692) $ (99,755)


(in thousands) Additional Paid-In Capital Accumulated (Deficit) Total Priority Technology Holdings, Inc. Stockholders' (Deficit) NCI (b)
Preferred Stock Common Stock Treasury Stock (a)
Shares Amount Shares Amount Shares Amount
January 1, 2020 —  $ —  67,061  $ 68  451  $ (2,388) $ 3,651  $ (127,674) $ (126,343) $ 5,654 
Equity-classified stock-based compensation —  —  —  —  —  —  338  —  338  — 
Net loss —  —  —  —  —  —  —  (5,869) (5,869) — 
March 31, 2020 —  $ —  67,061  $ 68  451  $ (2,388) $ 3,989  $ (133,543) $ (131,874) $ 5,654 
(a)At cost(b)Prior to third quarter 2020, this balance was related to the acquisition of certain assets from YapStone, Inc. by the Company's PRET subsidiary during 2019. As part of the consideration for the assets acquired from YapStone, Inc. by PRET, YapStone, Inc. was issued a NCI in PRET with an initial estimated fair value and carrying value of $5,654,000. For all reporting periods since PRET's inception through June 30, 2020, no earnings or losses were attributable to the NCIs of PRET. During the three months ended September 30, 2020, a gain on a sale of assets from PRET resulted in the attribution of a total of $45.1 million to the NCIs of PRET. This amount was also distributed in a final redemption of the NCIs' interests in PRET during the three months ended September 30, 2020.