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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (Q2) - USD ($)
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2017
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:                  
Operating costs   $ 614,652 $ 106,063   $ 1,027,825 $ 332,819   $ 1,621  
Operating expenses:                  
Operating income (loss)   (614,652) (106,063)   (1,027,825) (332,819)   (1,621)  
Other income:                  
Interest income   708,882 340,465   1,193,551 402,131   0  
(Loss) income before income taxes   94,230 234,402   165,726 69,312   (1,621)  
Income tax provision (benefit)   (144,675) (109,457)   (245,412) (109,457)   0  
Net (loss) income   $ (50,445) $ 124,945   $ (79,686) $ (40,145)   (1,621)  
Weighted average shares outstanding                  
Basic (in shares) [1]   7,783,551 7,070,173   7,783,163 7,426,344      
Diluted (in shares)   7,783,551 [1] 21,321,280   7,783,163 [1] 7,426,334 [1]      
Net income (loss) per common share                  
Basic (in dollars per share)   $ (0.01) $ 0.02   $ (0.01) $ (0.01)      
Diluted (in dollars per share)   $ (0.01) $ 0.01   $ (0.01) $ (0.01)      
Intermex Holdings, Inc. and Subsidiaries [Member]                  
Revenues:                  
Wire transfer and money order fees   $ 59,367,955 $ 45,259,255 $ 71,584,634 $ 107,222,338   $ 169,795,746    
Foreign exchange   10,585,269 8,202,907 13,277,182 18,316,053   30,014,304    
Other income   426,167 315,182 516,012 797,033        
Total revenues   70,379,391 53,777,344 85,377,828 126,335,424   201,039,131    
Operating expenses:                  
Service charges from agents and banks   46,323,264 35,995,569 56,761,860 84,259,931   135,455,304    
Salaries and benefits   7,441,220 5,877,726 10,411,401 13,673,403   21,954,005    
Other selling, general and administrative expenses   4,183,193 3,737,922 6,236,771 8,183,517   16,470,615    
Transaction costs   2,553,301 2,000 6,212,602 4,014,311   8,705,501    
Depreciation and amortization   3,818,126 4,526,650 7,503,944 7,607,374   16,644,821    
Total operating expenses   64,319,104 50,139,867 87,126,578 117,738,536   199,230,246    
Operating income (loss)   6,060,287 3,637,477 (1,748,750) 8,596,888   1,808,885    
Other income:                  
Interest expense   3,392,043 2,120,240 3,494,828 6,675,933   11,447,936    
(Loss) income before income taxes   2,668,244 1,517,237 (5,243,578) 1,920,955   (9,639,051)    
Income tax provision (benefit)   823,889 243,754 1,244,206 616,372   534,402    
Net (loss) income   1,844,355 1,273,483 (6,487,784) 1,304,583   (10,173,453)    
Other comprehensive (loss) income   (36,190) 12,177 15,131 (15,101)   (2,371)    
Comprehensive (loss) income   $ 1,808,165 $ 1,285,660 $ (6,472,653) $ 1,289,482   $ (10,175,824)    
Predecessor Company [Member] | Intermex Holdings, Inc. and Subsidiaries [Member]                  
Revenues:                  
Wire transfer and money order fees $ 11,876,919             138,467,934 $ 105,515,500
Foreign exchange 2,449,709             25,781,882 17,596,590
Other income 98,715                
Total revenues 14,425,343             165,394,491 124,199,313
Operating expenses:                  
Service charges from agents and banks 9,440,774             107,967,505 81,746,818
Salaries and benefits 4,530,308             17,261,125 14,307,184
Other selling, general and administrative expenses 1,063,379             13,711,270 9,898,985
Transaction costs 3,917,188             900,530 1,609,034
Depreciation and amortization 381,746             2,530,334 2,453,454
Total operating expenses 19,333,395             142,370,764 110,015,475
Operating income (loss) (4,908,052)             23,023,727 14,183,838
Other income:                  
Interest expense 613,742             9,540,046 4,234,371
(Loss) income before income taxes (5,521,794)             13,483,681 9,949,467
Income tax provision (benefit) (2,203,373)             4,083,655 4,191,643
Net (loss) income (3,318,421)             9,400,026 5,757,824
Other comprehensive (loss) income (2,453)             109,920 (56,582)
Comprehensive (loss) income $ (3,320,874)             $ 9,509,946 $ 5,701,242
[1] This number excludes an aggregate of up to 16,104,738 shares and 16,127,226 shares subject to possible redemption at June 30, 2018 and 2017, respectively.