XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 50,048,657 $ 91,129,888
Accounts receivable 33,235,745 21,310,724
Prepaid expenses and other 12,427,032 6,925,115
Total current assets 95,711,434 119,365,727
Property, plant and equipment, net 3,801,199 1,628,439
Restricted cash 26,291,269 15,374,846
Intangible assets, net 577,693,902 369,227,138
Goodwill 824,081,632 458,970,255
Operating lease right-of-use assets, net 10,499,751 10,074,506
Deferred tax assets 145,259,883 135,337,229
Other assets 2,499,996  
Total noncurrent assets 1,590,127,632 990,612,413
Total assets 1,685,839,066 1,109,978,140
Liabilities    
Accounts payable 20,082,651 11,879,638
Related party payable 17,394,125 15,811,597
Accrued expenses 26,819,083 19,216,258
Current maturities of long-term debt [1]   6,760,650
Current operating lease liabilities 1,990,416 1,527,224
Current tax receivable agreement 24,495,556 10,240,310
Other current liabilities 1,565,931  
Total current liabilities 92,347,762 65,435,677
Long-term debt, net of current maturities 448,484,696 249,952,746
Noncurrent operating lease liabilities 9,090,867 8,836,655
Tax receivable agreement, net of current portion 221,332,863 218,987,795
Other liabilities 1,547,087 10,583,196
Total noncurrent liabilities 680,455,513 488,360,392
Total liabilities 772,803,275 553,796,069
Commitments and contingencies (Note 12)
Stockholders' equity    
Additional paid-in capital 1,100,012,082 691,675,072
Accumulated other comprehensive loss (2,205) (6,436,763)
Accumulated deficit (226,015,886) (175,931,713)
Total Repay stockholders' equity 874,002,841 509,313,721
Non-controlling interests 39,032,950 46,868,350
Total equity 913,035,791 556,182,071
Total liabilities and equity 1,685,839,066 1,109,978,140
Class A Common Stock    
Stockholders' equity    
Common stock value $ 8,850 $ 7,125
[1] Pursuant to the terms of the Amended Credit Agreement, the Company was required to make quarterly principal payments equal to 0.625% of the initial principal amount of the Term Loan and Delayed Draw Term Loan (collectively the “Term Loans”).