v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 21,695 $ 3,234
Restricted cash 37,135 47,231
Accounts receivable, net of allowance for doubtful accounts of $544 and $803 40,122 37,993
Prepaid expenses and other current assets 3,968 3,897
Current portion of notes receivable 1,435 1,326
Settlement assets 327 533
Total current assets 104,682 94,214
Notes receivable, less current portion 4,684 4,395
Property, equipment, and software, net 23,490 23,518
Goodwill 106,832 109,515
Intangible assets, net 97,239 182,826
Deferred income taxes, net 42,962 49,657
Other non-current assets 522 380
Total assets 380,411 464,505
Current liabilities:    
Accounts payable and accrued expenses 23,744 26,965
Accrued residual commissions 22,028 19,315
Customer deposits and advance payments 3,449 4,928
Income taxes payable 5,950 0
Current portion of long-term debt 15,583 4,007
Settlement obligations 30,288 37,789
Total current liabilities 101,042 93,004
Long-term debt, net of current portion, discounts and debt issuance costs 371,206 485,578
Other non-current liabilities 6,424 6,612
Total long-term liabilities 377,630 492,190
Total liabilities 478,672 585,194
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; 67,617,561 and 67,512,167 shares issued, respectively; 67,166,337 and 67,060,943 shares outstanding, respectively 68 68
Additional paid-in capital 5,068 3,651
Treasury stock, 451,224 common shares, at cost (2,388) (2,388)
Accumulated deficit (101,009) (127,674)
Total Priority Technology Holdings, Inc. stockholders' deficit (98,261) (126,343)
Non-controlling interest in subsidiary 0 5,654
Total stockholders' deficit (98,261) (120,689)
Total liabilities and stockholders' deficit $ 380,411 $ 464,505

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