XML 103 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) / Members’ Equity (Deficit) - USD ($)
Class A Common Stock
Common Stock
Class A Common Stock
Class B Common Stock
Common Stock
Class B Common Stock
Members interest
Additional paid-in capital
Accumulated Deficit
Accumulated other comprehensive income
Noncontrolling interests in subsidiaries
Total
Members equity, Beginning Balance at Dec. 31, 2017         $ 33,455,223   $ (36,180,242)   $ 2,088,359 $ (636,660)
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]                    
Accrued return on members' interest         316,403   (316,403)      
Issuance of members' interest for acquisitions         78,484,832         78,484,832
Cashless exercise of members' interest         134,350   (134,350)      
Equity-based compensation         883,373         883,373
Distributions to noncontrolling interest                 (300,000) (300,000)
Net income (loss)             23,260,347   1,076,766 24,337,113
Members equity, Ending Balance at Dec. 31, 2018         113,274,181   (13,370,648)   2,865,125 102,768,658
Effects of the DFB Merger:                    
Conversion of equity to long-term debt                   (16,845,937)
Balance at end of period at Dec. 31, 2018                   0
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]                    
Equity-based compensation         6,914,677         6,914,677
Distributions to noncontrolling interest                 (1,338,383) (1,338,383)
Net income (loss)                   (12,885,112)
Members equity, Ending Balance at Dec. 31, 2019                   0
Activity prior to the DFB Merger:                    
Issuance of members' interest, net of offering costs of $837,156         19,162,844         19,162,844
Redemption of members' interest         (2,112,500)   (1,600,955)     (3,713,455)
Distributions to members             (250,000,000)     (250,000,000)
Net income (loss)             (16,315,045)   1,531,838 (14,783,207)
Effects of the DFB Merger:                    
Recapitalization, effect on members' equity         $ (137,239,202)   281,286,648      
Recapitalization, value $ 2,780   $ 3,411       (63,289,710)   (47,995,919) 32,768,008
Recapitalization (in Shares) 27,796,166   34,113,799              
Proceeds from sale of Class A Common Stock $ 1,250           69,561,286   55,437,464 125,000,000
Proceeds from sale of Class A Common Stock (in shares) 12,500,000                  
Redemption of Class B Common Stock     $ (200)       (11,129,806)   (8,869,994) (20,000,000)
Redemption of Class B Common Stock (in shares)     (2,000,000)              
Conversion of equity to long-term debt             (24,207,763)   (19,292,237) (43,500,000)
Forgiveness of employee loan             537,329   428,221 965,550
Activity subsequent to the DFB Merger:                    
Equity-based compensation           $ 4,155,398       4,155,398
Shares withheld to pay withholding taxes $ (3)         (283,805)       (283,808)
Shares withheld to pay withholding taxes (in shares) (29,874)                  
Exchange of Class B Common Stock to Class A Common Stock $ 55   $ (55)     (820,121)     820,121  
Exchange of Class B Common Stock to Class A Common Stock (in shares) 550,000   (550,000)              
Net income (loss)             1,319,150   578,945 1,898,095
Equity activity resulting from Tax Receivable Agreement           8,200,580       8,200,580
Change in fair value of interest rate swaps, net of reclassification adjustment               $ 1,431,029 1,105,807 2,536,836
Balance at end of period at Dec. 31, 2019 $ 4,082   $ 3,156     $ 11,252,052 $ (27,209,514) $ 1,431,029 $ (14,729,012) $ (29,248,207)
Balance at end of period (in shares) at Dec. 31, 2019 40,816,292 40,816,292 31,563,799 31,563,799