Quarterly report pursuant to Section 13 or 15(d)

Reconciliation of Stockholders' Equity (Deficit) and Non-Controlling Interest (Tables)

v3.19.1
Reconciliation of Stockholders' Equity (Deficit) and Non-Controlling Interest (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Equity Structure


The following tables provide a reconciliation of the beginning and ending carrying amounts of equity (deficit) attributable to stockholders of Priority Technology Holdings, Inc., and equity attributable to non-controlling interest:

(in thousands)
 
 
 
 
 
 
 
 
 
Additional Paid-In Capital (Deficit)
 
Accumulated Earnings (Deficit)
 
Total Priority Technology Holdings, Inc. Stockholders' Deficit
 
Non-Controlling Interest
 
 
Preferred Stock
 
Common Stock
 
 
Shares
 
Amount
 
Shares
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

January 1, 2018
 

 
$

 
73,110

 
$
73

 
$

 
$
(90,228
)
 
$
(90,155
)
 
$

Distribution to members (before recapitalization)
 

 

 

 

 
(188
)
 
(3,836
)
 
(4,024
)
 

Member redemption (before recapitalization)
 

 

 
(12,565
)
 
(13
)
 

 
(64,890
)
 
(64,903
)
 

Pro-rata adjustment for redemption (before recapitalization)
 

 

 
(724
)
 

 

 

 

 

Equity-based compensation
 

 

 

 

 
188

 

 
188

 

Net loss
 

 

 

 

 

 
(3,177
)
 
(3,177
)
 

March 31, 2018
 

 
$

 
59,821

 
$
60

 
$

 
$
(162,131
)
 
$
(162,071
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
January 1, 2019
 

 
$

 
67,038

 
$
67

 
$

 
$
(85,540
)
 
$
(85,473
)
 
$

Equity-based compensation
 

 

 

 

 
1,160

 

 
1,160

 

Warrant redemptions
 

 

 
420

 
(a)

 
(a)

 

 

 

Net loss
 

 

 

 

 

 
(6,446
)
 
(6,446
)
 

Issuance of non-controlling interest
 

 

 

 

 

 

 

 
$
5,654

March 31, 2019
 

 
$

 
67,458

 
$
67

 
$
1,160

 
$
(91,986
)
 
$
(90,759
)
 
$
5,654


(a) Par value of the common shares issued in connection with the warrant exchange rounds to less than one thousand dollars (see Note 12, Equity).