XML 61 R46.htm IDEA: XBRL DOCUMENT v3.20.4
Business Combinations - Additional Information (Details)
2 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Nov. 02, 2020
USD ($)
EarnoutPayment
Jul. 23, 2020
USD ($)
Apr. 06, 2020
USD ($)
Feb. 10, 2020
USD ($)
EarnoutPayment
Oct. 14, 2019
USD ($)
EarnoutPayment
Aug. 13, 2019
USD ($)
Jul. 11, 2019
USD ($)
shares
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Jul. 10, 2019
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2018
USD ($)
Business Acquisition [Line Items]                                
Goodwill             $ 339,911,400 $ 458,970,255 $ 389,660,519 $ 458,970,255 $ 389,660,519 $ 389,660,519 $ 119,529,202 $ 458,970,255 $ 458,970,255 $ 119,529,202
Total Revenue                       57,560,470 47,042,917   155,035,943 130,012,940
Net income loss                       (16,289,633) (23,742,530)   $ (34,769,348) $ 10,537,443
Hawk Parent Holdings LLC                                
Business Acquisition [Line Items]                                
Merger agreement, description                             The amount of cash consideration paid to selling Hawk Parent members at the closing of the Business Combination was equal to the following: (i) the total cash and cash equivalents of Thunder Bridge (including funds in its trust account after the redemption of its public stockholders and the proceeds of any debt or equity financing), minus (ii) the amount of Thunder Bridge’s unpaid expenses and obligations, plus (iii) the cash and cash equivalents of Hawk Parent as of immediately prior to the effective time of the Business Combination (excluding restricted cash), minus (iv) the amount of unpaid transaction expenses of Hawk Parent as of the closing of the Business Combination, minus (v) the amount of the indebtedness and other debt-like items of Hawk Parent and its subsidiaries as of the closing of the Business Combination, minus (vi) the amount of change of control and similar payments payable to employees of Hawk Parent in connection with the Business Combination, minus (vii) an amount of cash reserves equal to $10,000,000, minus (viii) a cash escrow of $150,000, minus (ix) an amount equal to $2,000,000 to be held by a representative of the selling Hawk Parent members, minus (x) the cash payment required in connection with the Warrant Amendment, minus (xi) an amount required to be deposited on the balance sheet of Hawk Parent in connection with the Business Combination.  
Amount of equal cash reserve for merger consideration             10,000,000                  
Cash escrow             150,000                  
Amount to be held by representative for merger consideration             2,000,000                  
Goodwill             339,911,400                  
Cash Consideration             $ 260,811,062                  
Transaction expenses related to the business combination                         34,700,000      
TriSource Solutions, LLC                                
Business Acquisition [Line Items]                                
Goodwill           $ 30,868,261                    
Cash Consideration           60,235,090                    
Total Revenue                     9,200,000          
Net income loss                     1,100,000          
TriSource Solutions, LLC | Maximum                                
Business Acquisition [Line Items]                                
Contingent earn-out right to be received           $ 5,000,000.0                    
APS Payments                                
Business Acquisition [Line Items]                                
Goodwill         $ 25,926,861                      
Cash Consideration         30,465,454                      
Total Revenue                 3,200,000              
Net income loss                 800,000              
Earnout payment     $ 14,300,000   $ 30,000,000.0                      
Number of cash earn-out payments | EarnoutPayment         3                      
Ventanex                                
Business Acquisition [Line Items]                                
Goodwill       $ 12,200,461                        
Cash Consideration       $ 35,939,129                        
Total Revenue                           11,100,000    
Net income loss                           1,300,000    
Number of cash earn-out payments | EarnoutPayment       2                        
Ventanex | Maximum                                
Business Acquisition [Line Items]                                
Contingent earn-out right to be received       $ 14,000,000.0                        
cPayPlus                                
Business Acquisition [Line Items]                                
Goodwill   $ 6,713,646                            
Cash Consideration   7,956,963                            
Total Revenue                   1,000,000.0            
Net income loss                   (1,100,000)            
cPayPlus | Maximum                                
Business Acquisition [Line Items]                                
Contingent earn-out right to be received   $ 8,000,000.0                            
CPS Payment Services LLC and Media Payments, LLC                                
Business Acquisition [Line Items]                                
Goodwill $ 43,300,000                              
Cash Consideration $ 78,000,000.0                              
Number of cash earn-out payments | EarnoutPayment 2                              
CPS Payment Services LLC and Media Payments, LLC | Maximum                                
Business Acquisition [Line Items]                                
Contingent earn-out right to be received $ 15,000,000.0                              
CPS Payment Services                                
Business Acquisition [Line Items]                                
Goodwill 40,747,939                              
Cash Consideration $ 83,886,556                              
Total Revenue               2,300,000                
Net income loss               0.0                
Number of cash earn-out payments | EarnoutPayment 2                              
CPS Payment Services | Maximum                                
Business Acquisition [Line Items]                                
Contingent earn-out right to be received $ 15,000,000.0                              
APS, Ventanex, cPayPlus and CPS Acquisitions                                
Business Acquisition [Line Items]                                
Transaction expenses related to the business combination               $ 4,200,000   $ 4,200,000       $ 4,200,000 $ 4,200,000  
TriSource, and APS Acquisitions                                
Business Acquisition [Line Items]                                
Transaction expenses related to the business combination                 $ 3,900,000   $ 3,900,000 $ 3,900,000        
Thunder Bridge Acquisition, LLC                                
Business Acquisition [Line Items]                                
Transaction expenses related to the business combination                         $ 16,200,000      
Class V Common Stock                                
Business Acquisition [Line Items]                                
Number of shares exchanged for limited liability interest | shares             1                  
Post Merger Repay Units                                
Business Acquisition [Line Items]                                
Percentage of tax savings             100.00%                  
Post Merger Repay Units | Class A Common Stock                                
Business Acquisition [Line Items]                                
Number of shares exchanged for limited liability interest | shares             1