v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 3,234 $ 15,631
Restricted cash 47,231 18,200
Accounts receivable, net of allowances of $803 and $511, respectively 37,993 36,257
Prepaid expenses and other current assets 3,897 3,642
Current portion of notes receivable 1,326 979
Settlement assets 533 383
Total current assets 94,214 75,092
Notes receivable, less current portion 4,395 852
Property, equipment, and software, net 23,518 17,482
Goodwill 109,515 109,515
Intangible assets, net 182,826 124,637
Deferred income tax assets, net 49,657 50,423
Other non-current assets 380 1,295
Total assets 464,505 379,296
Current liabilities:    
Accounts payable and accrued expenses 26,965 27,638
Accrued residual commissions 19,315 18,715
Customer deposits and advance payments 4,928 3,282
Current portion of long-term debt 4,007 3,293
Settlement obligations 37,789 10,355
Total current liabilities 93,004 63,283
Long-term debt, net of discounts and deferred financing costs 485,578 402,095
Other non-current liabilities 6,612 7,936
Total long-term liabilities 492,190 410,031
Total liabilities 585,194 473,314
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, par value $0.001 per share; 100,000,000 and zero shares authorized at December 31, 2019 and 2018, respectively; and zero shares issued and outstanding at December 31, 2019 and 2018. 0 0
Common stock, par value of $0.001 per share; 1 billion shares authorized; 67,512,167 shares issued and 67,060,943 outstanding at December 31, 2019; and 67,038,304 shares issued and outstanding at December 31, 2018. 68 67
Additional paid-in capital 3,651 0
Treasury stock, at cost (451,224 shares) (2,388) 0
Accumulated deficit (127,674) (94,085)
Total deficit attributable to stockholders of PRTH (126,343) (94,018)
Non-controlling interest 5,654 0
Total stockholders' deficit (120,689) (94,018)
Total liabilities and stockholders' deficit $ 464,505 $ 379,296

Source