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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Jan. 31, 2017
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2018
Revenues:          
Wire transfer and money order fees   $ 61,331,837 $ 47,642,153 $ 119,226,787 $ 168,554,175
Foreign exchange   10,697,168 8,413,051 21,690,233 29,013,221
Other income   479,461 338,090 854,102 1,276,494
Total revenues   72,508,466 56,393,294 141,771,122 198,843,890
Operating expenses:          
Service charges from agents and banks   48,305,007 37,846,027 94,607,887 132,564,938
Salaries and benefits   10,959,507 5,983,784 16,395,185 24,632,910
Other selling, general and administrative expenses   5,206,932 4,163,419 10,400,190 13,390,449
Transaction costs   6,304,972 0 6,212,602 10,319,283
Depreciation and amortization   4,142,139 4,553,042 12,056,986 11,749,513
Total operating expenses   74,918,557 52,546,272 139,672,850 192,657,093
Operating (loss) income   (2,410,091) 3,847,022 2,098,272 6,186,797
Interest expense   3,433,731 4,612,430 8,107,258 10,109,664
Loss before income taxes   (5,843,822) (765,408) (6,008,986) (3,922,867)
Income tax provision (benefit)   7,569,174 (191,727) 1,052,479 8,185,546
Net loss   (13,412,996) (573,681) (7,061,465) (12,108,413)
Other comprehensive income (loss)   22,452 3,859 18,990 7,351
Comprehensive loss   $ (13,390,544) $ (569,822) $ (7,042,475) $ (12,101,062)
Loss per common share:          
Basic and diluted (in dollars per share)   $ (0.43) $ (0.03) $ (0.41) $ (0.55)
Weighted-average common shares outstanding:          
Basic and diluted (in shares)   30,975,338 17,227,682 17,227,682 21,827,082
Predecessor Company [Member]          
Revenues:          
Wire transfer and money order fees $ 11,876,919        
Foreign exchange 2,449,709        
Other income 98,715        
Total revenues 14,425,343        
Operating expenses:          
Service charges from agents and banks 9,440,774        
Salaries and benefits 4,530,308        
Other selling, general and administrative expenses 1,063,379        
Transaction costs 3,917,188        
Depreciation and amortization 381,746        
Total operating expenses 19,333,395        
Operating (loss) income (4,908,052)        
Interest expense 613,742        
Loss before income taxes (5,521,794)        
Income tax provision (benefit) (2,203,373)        
Net loss (3,318,421)        
Other comprehensive income (loss) (2,453)        
Comprehensive loss $ (3,320,874)