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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
1 Months Ended 8 Months Ended 9 Months Ended
Jan. 31, 2017
Sep. 30, 2017
Sep. 30, 2018
Cash flows from operating activities:      
Net loss   $ (7,061,465) $ (12,108,413)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization   12,056,986 11,749,513
Share-based compensation   1,534,655 5,165,586
Provision for bad debts   813,641 743,285
Debt origination costs amortization   125,053 699,731
Deferred taxes   903,181 6,905,873
Loss on disposal of property and equipment   86,351 151,724
Total adjustments   15,519,867 25,415,712
Changes in operating assets and liabilities:      
Accounts receivable   (26,826,448) (30,285,672)
Prepaid wires   (2,402,576) 2,784,622
Other prepaid expenses and assets   (1,706,487) (1,427,760)
Wire transfers and money orders payables   13,100,915 29,639,809
Accounts payable and accrued other   (1,458,882) 16,497,269
Net cash provided by (used in) operating activities   (10,835,076) 30,515,567
Cash flows from investing activities:      
Purchases of property and equipment   (3,095,230) (3,575,065)
Net cash used in acquisition   (923,654) 0
Net cash used in investing activities   (4,018,884) (3,575,065)
Cash flows from financing activities:      
Borrowings under term loan   102,000,000 0
Proceeds from reverse recapitalization   0 101,663,573
Cash consideration to Intermex shareholders   0 (101,658,947)
Borrowings (Repayments) under revolving loan, net   12,000,000 0
Repayment of term loan   (75,000,000) (3,637,500)
Debt origination costs   (4,682,830) 0
Common dividend distributions   (20,000,000) 0
Net cash (used in) provided by financing activities   14,317,170 (3,632,874)
Effect of exchange rate changes on cash   405,922 27,152
Net increase (decrease) in cash and restricted cash   (130,868) 23,334,780
Cash and restricted cash, beginning of the period   44,628,247 59,795,280
Cash and restricted cash, end of the period $ 44,628,247 44,497,379 83,130,060
Supplemental disclosures of cash flow information:      
Cash paid for interest   8,556,649 9,409,516
Cash paid for taxes   400,000 1,494,900
Supplemental disclosure of non-cash financing activity:      
Agent businesses acquired in exchange for receivables   639,688 0
Intermex transaction accruals settled by acquisition proceeds   0 $ 9,062,769
Predecessor Company [Member]      
Cash flows from operating activities:      
Net loss (3,318,421)    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 381,746    
Share-based compensation 2,916,324    
Provision for bad debts 83,695    
Debt origination costs amortization 39,298    
Deferred taxes (2,214,351)    
Loss on disposal of property and equipment 13,472    
Total adjustments 1,220,184    
Changes in operating assets and liabilities:      
Accounts receivable 3,612,332    
Prepaid wires 7,848,641    
Other prepaid expenses and assets 70,927    
Wire transfers and money orders payables (1,884,922)    
Accounts payable and accrued other 1,103,326    
Net cash provided by (used in) operating activities 8,652,067    
Cash flows from investing activities:      
Purchases of property and equipment (249,382)    
Net cash used in acquisition 0    
Net cash used in investing activities (249,382)    
Cash flows from financing activities:      
Borrowings under term loan 0    
Proceeds from reverse recapitalization 0    
Cash consideration to Intermex shareholders 0    
Borrowings (Repayments) under revolving loan, net (2,000,000)    
Repayment of term loan 0    
Debt origination costs 0    
Common dividend distributions 0    
Net cash (used in) provided by financing activities (2,000,000)    
Effect of exchange rate changes on cash (15,196)    
Net increase (decrease) in cash and restricted cash 6,387,489    
Cash and restricted cash, beginning of the period 38,240,758 $ 44,628,247  
Cash and restricted cash, end of the period 44,628,247    
Supplemental disclosures of cash flow information:      
Cash paid for interest 658,888    
Cash paid for taxes 0    
Supplemental disclosure of non-cash financing activity:      
Agent businesses acquired in exchange for receivables 0    
Intermex transaction accruals settled by acquisition proceeds $ 0