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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings (Deficit)
Non-Controlling Interest
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2020       18,864,143 11,900,621      
Stockholders' Equity, beginning at Sep. 30, 2020 $ 240,168 [1]     $ 2 $ 1 $ 157,598 $ (2,023) $ 84,590
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 3,441 [1]         3,441    
Net loss (1,998) [2] $ (1,998) [3]         (1,998)  
Net (loss) income attributable to non-controlling interests 1,024 [2] 1,024 [3]           (1,024)
Net loss (3,022) [1],[2],[4],[5] $ (3,022) [3]            
Redemption of common units in i3 Verticals, LLC (shares)       1,019,609 (1,019,609)      
Redemption of common units in i3 Verticals, LLC 0 [1]         7,185   (7,185)
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 1,162 [1]         1,162    
Exercise of equity-based awards (shares)       121,019        
Exercise of equity-based awards 688 [1]         688    
Allocation of equity to non-controlling interests 0 [1]         (1,008)   1,008
Common Stock, Shares, Outstanding, ending at Dec. 31, 2020       20,004,771 10,881,012      
Stockholders' Equity, ending at Dec. 31, 2020 242,437 [1]     $ 2 $ 1 169,066 (4,021) 77,389
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2021   22,026,098 10,229,142 22,026,098 10,229,142      
Stockholders' Equity, beginning at Sep. 30, 2021 289,591     $ 2 $ 1 211,237 (6,480) 84,831
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 6,624         6,624    
Net loss (2,528) $ (2,528)         (2,528)  
Net (loss) income attributable to non-controlling interests 1,153 1,153           (1,153)
Net loss (3,681) $ (3,681)            
Redemption of common units in i3 Verticals, LLC (shares)       15,000 (15,000)      
Redemption of common units in i3 Verticals, LLC 0     $ 0 $ 0 123   (123)
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis $ 345         345    
Exercise of equity-based awards (shares) 43,889     23,219        
Exercise of equity-based awards $ 174     $ 0   174    
Allocation of equity to non-controlling interests 0         (1,899)   1,899
Common Stock, Shares, Outstanding, ending at Dec. 31, 2021   22,064,317 10,214,142 22,064,317 10,214,142      
Stockholders' Equity, ending at Dec. 31, 2021 $ 293,053     $ 2 $ 1 $ 216,604 $ (9,008) $ 85,454
[1] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statement of changes in equity.
[2] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of operations.
[3] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement.
[4] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of cash flows.
[5] The prior period amounts included in the statement of cash flows have been updated to correct settlement assets as restricted cash, which were previously reported as cash flows used in operating activities. These adjustments reflect an increase in prior year cash flows provided by operating activities of $84 and a corresponding increase in cash, cash equivalents, and restricted cash at the end of the period.