v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 4,191 $ 15,631
Restricted cash 22,652 18,200
Accounts receivable, net of allowance for doubtful accounts of $581 and $511 47,491 45,651
Prepaid expenses and other current assets 4,317 3,642
Current portion of notes receivable 1,362 979
Settlement assets 756 1,042
Total current assets 80,769 85,145
Notes receivable, less current portion 3,795 852
Property, equipment, and software, net 21,396 17,482
Goodwill 109,515 109,515
Intangible assets, net 188,056 124,637
Deferred income taxes, net 47,206 49,692
Other non-current assets 1,540 1,295
Total assets 452,277 388,618
Current liabilities:    
Accounts payable and accrued expenses 22,033 27,638
Accrued residual commissions 17,852 18,715
Customer deposits and advance payments 3,532 3,282
Borrowings outstanding under revolving credit facility 11,500 0
Current portion of long-term debt 4,007 3,293
Settlement obligations 17,542 11,132
Total current liabilities 76,466 64,060
Long-term debt, net of current portion, discounts and debt issuance costs 473,344 402,095
Other non-current liabilities 7,740 7,936
Total long-term liabilities 481,084 410,031
Total liabilities 557,550 474,091
Commitments and Contingencies (Notes 9 and 10)
Stockholders' deficit:    
Common stock 67 67
Additional paid-in capital 3,354 0
Treasury stock, at cost (2,388) 0
Accumulated deficit (111,960) (85,540)
Total Priority Technology Holdings, Inc. stockholders' deficit (110,927) (85,473)
Non-controlling interest 5,654 0
Total stockholders' deficit (105,273) (85,473)
Total liabilities and stockholders' deficit $ 452,277 $ 388,618

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