v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 5,854 $ 3,234
Restricted cash 45,146 47,231
Accounts receivable, net of allowance for doubtful accounts of $529 and $803 35,332 37,993
Prepaid expenses and other current assets 2,928 3,897
Current portion of notes receivable 1,789 1,326
Settlement assets 327 533
Total current assets 91,376 94,214
Notes receivable, less current portion 4,826 4,395
Property, equipment, and software, net 24,127 23,518
Goodwill 109,515 109,515
Intangible assets, net 168,751 182,826
Deferred income taxes, net 50,586 49,657
Other non-current assets 518 380
Total assets 449,699 464,505
Current liabilities:    
Accounts payable and accrued expenses 19,953 26,965
Accrued residual commissions 22,434 19,315
Customer deposits and advance payments 2,882 4,928
Current portion of long-term debt 11,724 4,007
Settlement obligations 39,167 37,789
Total current liabilities 96,160 93,004
Long-term debt, net of current portion, discounts and debt issuance costs 480,639 485,578
Other non-current liabilities 6,398 6,612
Total long-term liabilities 487,037 492,190
Total liabilities 583,197 585,194
Stockholders' deficit:    
Preferred stock - $0.001 par value per share;100,000,000 shares authorized; zero issued or outstanding 0 0
Common stock - $0.001 par value per share;1,000,000,000 shares authorized; 67,565,359 and 67,512,167 shares issued, respectively; 67,114,135 and 67,060,943 shares outstanding, respectively 68 68
Additional paid-in capital 4,569 3,651
Treasury stock, 451,224 common shares, at cost (2,388) (2,388)
Accumulated deficit (141,401) (127,674)
Total Priority Technology Holdings, Inc. stockholders' deficit (139,152) (126,343)
Non-controlling interest in a subsidiary 5,654 5,654
Total stockholders' deficit (133,498) (120,689)
Total liabilities and stockholders' deficit $ 449,699 $ 464,505

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