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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Apr. 08, 2018
Sep. 30, 2019
Sep. 30, 2018
[1]
Dec. 31, 2018
[2]
Dec. 31, 2017
Dec. 31, 2017
Revenue:                
Transaction and processing fees $ 2,455,937 $ 2,946,757 [1]   $ 7,578,561 $ 6,116,404 $ 8,863,008  
Merchant equipment sales and other 15,294 6,221 [1]   53,118 24,056 35,756  
Other revenue 6,201 25,005 [1]   18,587 141,513 121,112 183,998  
Total revenue 2,477,432 2,977,983 [1]   7,650,266 6,281,973 9,019,876 183,998  
Operating Expenses:                
Processing and servicing costs, excluding merchant portfolio amortization 1,700,048 1,960,700 [1]   5,096,694 4,057,324 5,992,619 19,398  
Amortization expense 203,214 227,676   609,643 455,353 541,904  
Salaries and wages 342,338 425,176 [1]   1,143,733 1,003,907 1,401,192 525,000  
Outside commissions 22,591 48,199 [1]   97,902 153,026 181,510  
General and administrative expenses 294,371 581,987 [1]   1,055,602 1,136,882 1,435,717 274,996  
Impairment of goodwill            
Total operating expenses 2,562,562 3,243,738 [1]   8,003,574 6,806,492 9,552,942 819,394  
Loss income from operations (85,130) (265,755) [1]   (353,308) (524,519) (533,066) (635,396)  
Other Income (Expense):                
Interest expense (218,500) (279,250) [1]   (648,015) (464,875) (800,467)  
Interest expense, related party (97,889) (28,526) [1]   (281,128) (31,104) (82,849) (26,901)  
Gain on settlement of payables           16,039  
Other income (expense) (340) [1]   809 6,799  
Total other expense (316,729) (307,776) [1]   (928,334) (495,979) (860,478) (26,901)  
Net Loss $ (401,859) $ (573,531) [1]   $ (1,281,642) $ (1,020,498) $ (1,393,544) $ (662,297) $ (662,297)
Net loss per share, basic and diluted $ (0.07) $ (0.11) [1]   $ (0.24) $ (0.22) $ (0.26) $ (0.13)  
Weighted average shares outstanding, basic and diluted 5,466,501 5,411,213 [1]   5,447,501 4,597,378 5,411,446 5,199,890  
Predecessor                
Revenue:                
Transaction and processing fees     $ 3,164,949         14,656,301
Merchant equipment sales and other     9,590         251,408
Other revenue            
Total revenue     3,174,539         14,907,709
Operating Expenses:                
Processing and servicing costs, excluding merchant portfolio amortization     1,748,141         9,395,994
Amortization expense     90,739         362,956
Salaries and wages     374,345         2,782,079
Outside commissions     508,296         336,290
General and administrative expenses     367,524         3,969,301
Impairment of goodwill             7,914,269
Total operating expenses     3,089,045         24,760,889
Loss income from operations     85,494         (9,853,180)
Other Income (Expense):                
Interest expense     (832,564)         (3,836,495)
Interest expense, related party            
Gain on settlement of payables            
Other income (expense)     908         (131,846)
Total other expense     (831,656)         (3,968,341)
Net Loss     $ (746,162)         $ (13,821,521)
Net loss per share, basic and diluted            
Weighted average shares outstanding, basic and diluted            
[1] Includes the consolidated results from operations of OLB, CrowdPay and Omnisoft from January 1, 2018 through September 30, 2018 and the net assets acquired from the Predecessor from April 9, 2018 through September 30, 2018 as disclosed in Note 1.
[2] Includes the consolidated results from operations of OLB, CrowdPay and Omnisoft from January 1, 2018 through December 31, 2018 and the net assets acquired from GACP from April 9, 2018 through December 31, 2018.