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Accounts receivable, net of allowance of $307,562 and $290,801 for 2017 and 2016, respectively

Current Assets

Cash

59,155,618

51,374,377

Prepaid wires

7,675,491

Prepaid expenses and other current assets

900,386

Total Current Assets

119,105,872

Property and equipment, net

8,490,794

Goodwill

36,259,666

Intangible assets, net

48,741,032

Deferred tax asset, net

1,748,854

Other assets

1,706,693

Total Assets

216,052,911

Current liabilities

Current portion of long-term debt

^[1]

3,913,436

Accounts payable

8,919,796

Wire transfers and money orders payable

48,276,649

Accrued and other

11,514,449

Total Current Liabilities

72,624,330

Long Term Liabilities

Debt, net

107,526,462

Total long term liabilities

107,526,462

Commitments and Contingencies

Stockholders' Equity

Common stock

Additional paid-in capital

46,077,943

Accumulated deficit

(10,173,453)

Accumulated other comprehensive loss

(2,371)

Total Stockholders' Equity

35,902,119

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$ 216,052,911

Intermex Holdings, Inc. and Subsidiaries [Member] | Predecessor Company [Member]

Current Assets

Cash

37,601,096

Accounts receivable, net of allowance of $307,562 and $290,801 for 2017 and 2016, respectively

27,769,967

Prepaid wires

11,380,391

Prepaid expenses and other current assets

392,867

Total Current Assets

77,144,321

Property and equipment, net

6,246,447

Goodwill

Intangible assets, net

6,347,634

Deferred tax asset, net

27,816,112

Other assets

1,219,438

Total Assets

118,773,952

Current liabilities

Current portion of long-term debt

^[1]

849,809

Accounts payable

5,881,754

Wire transfers and money orders payable

21,714,100

Accrued and other

9,886,935

Total Current Liabilities

38,332,598

Long Term Liabilities

Debt, net

77,182,811

Total long term liabilities

77,182,811

Commitments and Contingencies

Stockholders' Equity

Common stock

818,791

Additional paid-in capital

70,010,991

Accumulated deficit

(67,550,973)

Accumulated other comprehensive loss

(20,266)

Total Stockholders' Equity

3,258,543

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$ 118,773,952

[1]	Current portion of long term debt is net of debt issuance costs of $936,564 at December 31, 2017 of the Successor period and $462,691 at December 31, 2016 of the Predecessor period.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Liabilities and Equity [Abstract]
Common stock subject to possible redemption, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock subject to possible redemption, shares (in shares)	16,112,706	0
Common stock subject to possible redemption, redemption value per share (in dollars per share)	$ 10.00	$ 10.00
Stockholder's Equity
Preferred Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common Stock, shares authorized (in shares)	35,000,000	35,000,000
Common Stock, shares issued (in shares)	7,780,627	5,298,333
Common Stock, shares outstanding (in shares)	7,780,627	5,298,333
Intermex Holdings, Inc. and Subsidiaries [Member]
Current Assets
Accounts receivable, allowance	$ 307,562
Stockholder's Equity
Common Stock, par value (in dollars per share)	$ 0.01
Common Stock, shares authorized (in shares)	1,000
Common Stock, shares issued (in shares)	10
Common Stock, shares outstanding (in shares)	10
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member]
Current Assets
Accounts receivable, allowance		$ 290,801
Stockholder's Equity
Common Stock, par value (in dollars per share)		$ 0.01
Common Stock, shares authorized (in shares)		200,000,000
Common Stock, shares issued (in shares)		81,879,165
Common Stock, shares outstanding (in shares)		81,879,165

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)

1 Months Ended

7 Months Ended

11 Months Ended

12 Months Ended

Jan. 31, 2017

Dec. 31, 2015

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Revenues:

Operating costs

$ 2,187

$ 1,131,812

$ 1,621

Operating expenses

Income (loss) from operations

2,187

(1,131,812)

(1,621)

Other income (expense):

Interest income

1,383,186

(Loss) income before income taxes

(2,187)

251,374

(1,621)

Provision for income tax expense (benefit)

(436,721)

Net (loss) income

$ (2,187)

$ (185,347)

$ (1,621)

Weighted average shares outstanding

Basic and diluted (in shares)

^[1],[2]

5,271,666

7,594,116

5,271,666

Net loss per common share

Basic and diluted (in dollars per share)

$ 0

$ (0.02)

$ 0

Wire transfer and money order fees

Revenues:

$ 169,795,746

Foreign exchange

30,014,304

Other income

1,229,081

Total revenues

201,039,131

Operating expenses

Service charges from agents and banks

135,455,304

Salaries and benefits

21,954,005

Other selling, general and administrative expenses

16,470,615

Transaction costs

8,705,501

Depreciation and amortization

16,644,821

Total operating expenses

199,230,246

Income (loss) from operations

1,808,885

Other income (expense):

Interest expense

11,447,936

(Loss) income before income taxes

(9,639,051)

Provision for income tax expense (benefit)

534,402

Net (loss) income

(10,173,453)

Other comprehensive (loss) income

(2,371)

Comprehensive (loss) income

$ (10,175,824)

Intermex Holdings, Inc. and Subsidiaries [Member] | Predecessor Company [Member]

Revenues:

Wire transfer and money order fees

$ 11,876,919

$ 138,467,934

$ 105,515,500

Foreign exchange

2,449,709

25,781,882

17,596,590

Other income

98,715

1,144,675

1,087,223

Total revenues

14,425,343

165,394,491

124,199,313

Operating expenses

Service charges from agents and banks

9,431,503

107,967,505

81,746,818

Salaries and benefits

4,456,631

17,261,125

14,307,184

Other selling, general and administrative expenses

1,146,327

13,711,270

9,898,985

Transaction costs

3,917,188

900,530

1,609,034

Depreciation and amortization

381,746

2,530,334

2,453,454

Total operating expenses

19,333,395

142,370,764

110,015,475

Income (loss) from operations

(4,908,052)

23,023,727

14,183,838

Other income (expense):

Interest expense

613,742

9,540,046

4,234,371

(Loss) income before income taxes

(5,521,794)

13,483,681

9,949,467

Provision for income tax expense (benefit)

(2,203,373)

4,083,655

4,191,643

Net (loss) income

(3,318,421)

9,400,026

5,757,824

Other comprehensive (loss) income

(2,453)

109,920

(56,582)

Comprehensive (loss) income

$ (3,320,874)

$ 9,509,946

$ 5,701,242

[1]	On January 25, 2017, as a result of the underwriters' election to exercise a portion of their over-allotment option, 26,667 shares held by the Initial Stockholders (as defined in Note 1) were forfeited (Note 5).
[2]	This number excludes an aggregate of up to 16,112,706 shares subject to possible redemption at December 31, 2017.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Parenthetical) - shares	Jan. 25, 2017	Dec. 31, 2017	Dec. 31, 2016
Common stock subject to possible redemption (in shares)		16,112,706	0
Over-allotment Option [Member]
Forfeiture of shares (in shares)	26,667

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Notes Receivable from Stockholders [Member]	Accumulated Deficit [Member]	Total	Intermex Holdings, Inc. and Subsidiaries [Member] Common Stock [Member]	Intermex Holdings, Inc. and Subsidiaries [Member] Additional Paid-in Capital [Member]	Intermex Holdings, Inc. and Subsidiaries [Member] Accumulated Deficit [Member]	Intermex Holdings, Inc. and Subsidiaries [Member] Accumulated Other Comprehensive Loss [Member]	Intermex Holdings, Inc. and Subsidiaries [Member]	Intermex Holdings, Inc. and Subsidiaries [Member] Series A Convertible Preferred Stock [Member]
Balance (Predecessor Company [Member]) at Dec. 31, 2014						$ 1,353,680	$ 122,971,721	$ (82,708,823)	$ (73,604)	$ 51,993,637	$ 10,450,663
Balance (in shares) (Predecessor Company [Member]) at Dec. 31, 2014						135,368,059					10,451
Net income (loss) \| Predecessor Company [Member]						$ 0	0	5,757,824	0	5,757,824	$ 0
Purchase of Preferred Stock \| Predecessor Company [Member]						0	0	0	0	(10,639,850)	$ (10,639,850)
Purchase of Preferred Stock (in shares) \| Predecessor Company [Member]											(10,640)
Common dividend distributions \| Predecessor Company [Member]						0	(18,144,839)	0	0	(18,144,839)	$ 0
Preferred dividend in-kind \| Predecessor Company [Member]						0	(189,187)	0	0	0	$ 189,187
Preferred dividend in-kind (in shares) \| Predecessor Company [Member]											189
Share-based compensation \| Predecessor Company [Member]						$ 21,743	41,096	0	0	62,839	$ 0
Share-based compensation (in shares) \| Predecessor Company [Member]						2,174,306					0
Adjustment from foreign currency translation \| Predecessor Company [Member]						$ 0	0	0	(56,582)	(56,582)	$ 0
Balance (Predecessor Company [Member]) at Dec. 31, 2015						$ 1,375,423	104,678,791	(76,950,999)	(130,186)	28,973,029	$ 0
Balance at Dec. 31, 2015	$ 530	$ 24,470	$ (25,000)	$ (2,187)	$ (2,187)
Balance, (in shares) (Predecessor Company [Member]) at Dec. 31, 2015						137,542,365					0
Balance, (in shares) at Dec. 31, 2015	5,298,333
Balance at May. 27, 2015	$ 0	0	0	0	0
Balance (in shares) at May. 27, 2015	0
Net income (loss)	$ 0	0	0	(2,187)	(2,187)
Common stock issued to Initial Stockholders in exchange for a note receivable	$ 530	24,470	(25,000)	0	0
Common stock issued to Initial Stockholders in exchange for a note receivable (in shares)	5,298,333
Balance (Predecessor Company [Member]) at Dec. 31, 2015						$ 1,375,423	104,678,791	(76,950,999)	(130,186)	28,973,029	$ 0
Balance at Dec. 31, 2015	$ 530	24,470	(25,000)	(2,187)	(2,187)
Balance, (in shares) (Predecessor Company [Member]) at Dec. 31, 2015						137,542,365					0
Balance, (in shares) at Dec. 31, 2015	5,298,333
Net income (loss) \| Predecessor Company [Member]						$ 0	0	9,400,026	0	9,400,026	$ 0
Net income (loss)	$ 0	0	0	(1,621)	(1,621)
Purchase of Common Stock \| Predecessor Company [Member]						$ (576,271)	(33,423,729)	0	0	(34,000,000)	0
Purchase of Common Stock (in shares) \| Predecessor Company [Member]						(57,627,100)
Common dividend distributions \| Predecessor Company [Member]						$ 0	(1,286,995)	0	0	(1,286,995)	0
Share-based compensation \| Predecessor Company [Member]						$ 19,639	42,924	0	0	62,563	$ 0
Share-based compensation (in shares) \| Predecessor Company [Member]						1,963,900					0
Adjustment from foreign currency translation \| Predecessor Company [Member]						$ 0	0	0	109,920	109,920	$ 0
Collection of notes receivable from stockholders	0	0	25,000	0	25,000
Balance (Predecessor Company [Member]) at Dec. 31, 2016						$ 818,791	70,010,991	(67,550,973)	(20,266)	3,258,543	$ 0
Balance at Dec. 31, 2016	$ 530	24,470	0	(3,808)	21,192
Balance, (in shares) (Predecessor Company [Member]) at Dec. 31, 2016						81,879,165					0
Balance, (in shares) at Dec. 31, 2016	5,298,333
Net income (loss) \| Predecessor Company [Member]						$ 0	0	(3,318,421)	0	(3,318,421)	$ 0
Share-based compensation \| Predecessor Company [Member]						$ 5,611	2,910,713	0	0	2,916,324	$ 0
Share-based compensation (in shares) \| Predecessor Company [Member]						561					0
Adjustment from foreign currency translation \| Predecessor Company [Member]						$ 0	0	0	(2,453)	(2,453)	$ 0
Balance (Predecessor Company [Member]) at Jan. 31, 2017						824,402	72,921,704	(70,869,394)	(22,719)	2,853,993	0
Balance at Jan. 31, 2017						$ 0	64,410,000	0	0	64,410,000	$ 0
Balance, (in shares) (Predecessor Company [Member]) at Jan. 31, 2017						81,879,726					0
Balance, (in shares) at Jan. 31, 2017						10					0
Balance (Predecessor Company [Member]) at Dec. 31, 2016						$ 818,791	70,010,991	(67,550,973)	(20,266)	3,258,543	$ 0
Balance at Dec. 31, 2016	$ 530	24,470	0	(3,808)	21,192
Balance (in shares) (Predecessor Company [Member]) at Dec. 31, 2016						81,879,165					0
Balance (in shares) at Dec. 31, 2016	5,298,333
Net income (loss)	$ 0	0	0	(185,347)	(185,347)
Issuance of common stock to Initial Stockholders	$ 70	3,241	0	0	3,311
Issuance of common stock to Initial Stockholders (in shares)	701,667
Sale of 17,500,000 Units, net of underwriters discount and offering expenses	$ 1,750	162,086,162	0	0	162,087,912
Sale of 17,500,000 Units, net of underwriters discount and offering expenses, (in shares)	17,500,000
Sale of 420,000 Placement Units	$ 42	4,199,958	0	0	4,200,000
Sale of 420,000 Placement Units (in shares)	420,000
Forfeiture of 26,667 shares of common stock due to underwriter not exercising its full over-allotment option	$ (3)	3	0	0	0
Forfeiture of 26,667 shares of common stock due to underwriter not exercising its full over-allotment option (in shares)	(26,667)
Common stock subject to redemption	$ (1,611)	(161,125,449)	0	0	(161,127,060)
Common stock subject to redemption (in shares)	(16,112,706)
Balance at Dec. 31, 2017	$ 778	5,188,385	0	(189,155)	5,000,008	$ 0	46,077,943	(10,173,453)	(2,371)	35,902,119	$ 0
Balance, (in shares) at Dec. 31, 2017	7,780,627					10					0
Balance (Predecessor Company [Member]) at Jan. 31, 2017						$ 824,402	72,921,704	(70,869,394)	(22,719)	2,853,993	$ 0
Balance at Jan. 31, 2017						$ 0	64,410,000	0	0	64,410,000	$ 0
Balance (in shares) (Predecessor Company [Member]) at Jan. 31, 2017						81,879,726					0
Balance (in shares) at Jan. 31, 2017						10					0
Net income (loss)						$ 0	0	(10,173,453)	0	(10,173,453)	$ 0
Common dividend distributions						0	(20,178,000)	0	0	(20,178,000)	0
Share-based compensation						$ 0	1,845,943	0	0	1,845,943	$ 0
Share-based compensation (in shares)						0					0
Adjustment from foreign currency translation						$ 0	0	0	(2,371)	(2,371)	$ 0
Balance at Dec. 31, 2017	$ 778	$ 5,188,385	$ 0	$ (189,155)	$ 5,000,008	$ 0	$ 46,077,943	$ (10,173,453)	$ (2,371)	$ 35,902,119	$ 0
Balance, (in shares) at Dec. 31, 2017	7,780,627					10					0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	1 Months Ended	7 Months Ended	11 Months Ended	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jan. 31, 2017	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net income (loss)		$ (2,187)		$ (185,347)	$ (1,621)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Interest earned on marketable securities held in Trust Account		0		(1,383,186)	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets		0		(13,560)	0
Accrued expenses		1,887		477,652	999
Income taxes payable		0		436,721	0
Net cash used in operating activities		(300)		(667,720)	(622)
Cash Flows from Investing Activities:
Investment of cash in Trust Account		0		(175,000,000)	0
Cash withdrawn from Trust Account		0		500,000	0
Net cash used in investing activities		0		(174,500,000)	0
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid		0		171,940,000	0
Proceeds from sale of Private Placement Units		0		4,200,000	0
Proceed from issuance of common stock to Initial Stockholders		0		3,311	0
Proceeds from collection of notes receivable from stockholders		0		0	25,000
Proceeds from promissory note - related party		300		0	231,546
Repayment of promissory note - related party		0		(231,846)	0
Payment of offering costs		0		(463,778)	(173,310)
Net cash provided by (used in) financing activities		300		175,447,687	83,236
Net Change in Cash		0		279,967	82,614
Cash - Beginning	$ 82,614	0		82,614	0
Cash - Ending		0	$ 362,581	362,581	82,614	$ 0
Non-Cash investing and financing activities:
Deferred offering costs included in accrued expenses		0		0	214,612
Deferred underwriting fees charged to additional paid in capital		0		9,190,000	0
Deferred legal fees charged to additional paid in capital		0		25,000	0
Initial Classification of Common Stock Subject to Possible Redemption		0		161,314,270	0
Change in Value of Common Stock Subject to Possible Redemption		0		(187,210)	0
Issuance of stock for notes receivable from stockholders		25,000		0	0
Intermex Holdings, Inc. and Subsidiaries [Member]
Cash Flows from Operating Activities:
Net income (loss)			(10,173,453)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization			16,644,821
Share-based compensation			1,845,943
Provision for bad debts			1,401,446
Debt issuance cost amortization			335,221
Deferred taxes			369,947
Loss on disposals of property and equipment			127,850
Total adjustments			20,725,228
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			(1,011,440)
Accounts receivable			(29,172,953)
Prepaid wires			(4,143,741)
Wire transfer and money order payables			27,637,839
Accounts payable and accrued other			3,555,223
Net cash used in operating activities			7,416,703
Cash Flows from Investing Activities:
Purchases of property and equipment			(4,351,506)
Net cash used in acquisition			(923,654)
Net cash used in investing activities			(5,275,160)
Cash Flows from Financing Activities:
Borrowings under term loan			102,000,000
Borrowings/(repayments) under revolving loan, net			12,000,000
Repayment of term loan			(76,212,500)
Debt issuance costs			(4,682,830)
Common dividend distributions			(20,178,000)
Purchase of preferred stock			0
Purchase of common stock			0
Net cash provided by (used in) financing activities			12,926,670
Effect of exchange rate changes on cash			98,820
Net Change in Cash			15,167,033
Cash - Beginning			43,988,585
Cash - Ending	43,988,585		59,155,618	59,155,618
Supplemental disclosures of cash flow information:
Cash paid for interest			11,687,159
Cash paid for taxes			400,000
Non-Cash investing and financing activities:
Agent businesses acquired in exchange for receivables			639,688
Dividends paid in-kind			0
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member]
Cash Flows from Operating Activities:
Net income (loss)	(3,318,421)				9,400,026	5,757,824
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	381,746				2,530,334	2,453,454
Share-based compensation	2,916,324				62,563	62,839
Provision for bad debts	83,695				909,275	720,416
Debt issuance cost amortization	39,298				2,670,976	741,450
Deferred taxes	(2,214,351)				3,718,943	3,971,485
Loss on disposals of property and equipment	13,472				172,934	87,038
Total adjustments	1,220,184				10,065,025	8,036,682
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	70,927				(302,025)	(44,622)
Accounts receivable	3,612,332				(15,865,867)	(5,316,628)
Prepaid wires	7,848,641				777,111	(9,652,582)
Wire transfer and money order payables	(1,884,922)				13,759,090	1,718,158
Accounts payable and accrued other	1,103,326				4,562,418	3,966,613
Net cash used in operating activities	8,652,067				22,395,778	4,465,445
Cash Flows from Investing Activities:
Purchases of property and equipment	(249,382)				(3,012,110)	(2,064,577)
Net cash used in acquisition	0				0	0
Net cash used in investing activities	(249,382)				(3,012,110)	(2,064,577)
Cash Flows from Financing Activities:
Borrowings under term loan	0				40,331,834	35,000,000
Borrowings/(repayments) under revolving loan, net	(2,000,000)				(2,000,000)	3,000,000
Repayment of term loan	0				(1,287,004)	(9,444,830)
Debt issuance costs	0				(2,315,992)	(2,789,288)
Common dividend distributions	0				(1,286,995)	(18,144,839)
Purchase of preferred stock	0				0	(10,639,850)
Purchase of common stock	0				(34,000,000)	0
Net cash provided by (used in) financing activities	(2,000,000)				(558,157)	(3,018,807)
Effect of exchange rate changes on cash	(15,196)				(149,884)	(64,403)
Net Change in Cash	6,387,489				18,675,627	(682,342)
Cash - Beginning	37,601,096		$ 43,988,585	$ 37,601,096	18,925,469	19,607,811
Cash - Ending	43,988,585	$ 18,925,469			37,601,096	18,925,469
Supplemental disclosures of cash flow information:
Cash paid for interest	658,888				6,764,648	3,274,862
Cash paid for taxes	0				155,000	126,000
Non-Cash investing and financing activities:
Agent businesses acquired in exchange for receivables	0				342,876	0
Dividends paid in-kind	$ 0				$ 0	$ 189,187

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

12 Months Ended

Dec. 31, 2017

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS [Abstract]

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

FinTech Acquisition Corp. II (the “Company”), is a blank check company incorporated in Delaware on May 28, 2015. The Company was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business transaction, one or more operating businesses or assets (a “Business Combination”). In connection with the proposed acquisition of Intermex Holdings II, Inc. (“Intermex”) (see Note 10), the Company formed two wholly-owned subsidiaries, FinTech II Merger Sub Inc., which was incorporated in Delaware in November 2017 (“Merger Sub I”), and FinTech II Merger Sub 2 LLC, which was formed in Delaware in November 2017 (“Merger Sub II”). Both Merger Sub I and Merger Sub II did not have any activity as of December 31, 2017. The Company has neither engaged in any operations nor generated operating revenues to date.

At December 31, 2017, the Company had not yet commenced operations. All activity through December 31, 2017 relates to the Company’s formation and its Initial Public Offering, which is described below, and identifying a target company for a Business Combination and activities in connection with the proposed acquisition of Intermex, described in Note 10.

The registration statement for the Company’s initial public offering (“Initial Public Offering”) was declared effective on January 19, 2017. On January 25, 2017, the Company consummated the Initial Public Offering of 17,500,000 units (“Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), which includes a partial exercise by the underwriters of their over-allotment option in the amount of 2,200,000 Units at $10.00 per Unit, generating gross proceeds of $175,000,000, which is described in Note 3.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 420,000 units (the “Placement Units”) at a price of $10.00 per Unit in a private placement to the Company’s sponsor, FinTech Investors Holding II, LLC (the “Sponsor”), and Cantor Fitzgerald & Co., the representative of the underwriters for the Initial Public Offering (“Cantor”), generating gross proceeds of $4,200,000, which is described in Note 4.

Transaction costs amounted to $12,912,088, consisting of $3,060,000 of underwriting fees, $9,190,000 of deferred underwriting fees payable (which are held in the Trust Account (defined below)) and $662,088 of Initial Public Offering costs. As described in Note 6, the $9,190,000 deferred underwriting fee payable is contingent upon the consummation of a Business Combination by January 25, 2019. As described in Note 6, the $25,000 of deferred legal fees are payable upon the earlier of an initial Business Combination or liquidation of the Company.

Following the closing of the Initial Public Offering on January 25, 2017, an amount of $175,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Placement Units was placed in a trust account (“Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination, (ii) the redemption of any Public Shares in connection with a stockholder vote to amend the Company’s Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if it does not complete a Business Combination by January 25, 2019 (the “Combination Period”); or (iii) the distribution of the Trust Account, as described below, if the Company is unable to complete a Business Combination within the Combination Period or upon any earlier liquidation of the Company.

The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Initial Public Offering and Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. Nasdaq Capital Market (“NASDAQ”) rules provide that the Company’s initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (less any deferred underwriting commissions and taxes payable on interest earned) at the time of the signing of a definitive agreement in connection with a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires a majority of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.

The Company will provide its stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public stockholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company for working capital purposes or to pay its tax obligations). The per-share amount to be distributed to public stockholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the outstanding shares voted are voted in favor of the Business Combination. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or other legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks stockholder approval in connection with a Business Combination, the Sponsor, Daniel Cohen, Betsy Cohen, DGC Family FinTech Trust, Swarthmore Trust of 2016, James J. McEntee, III, Shami Patel and Jeremy Kuiper (together the “Initial Stockholders”), have agreed to vote their Founder Shares (as defined in Note 5), Placement Shares (as defined in Note 4) and any Public Shares held by them in favor of approving a Business Combination. Cantor has not committed to vote any shares held by it in favor of a Business Combination.

The Company will have until the expiration of the Combination Period to consummate its Business Combination. If the Company is unable to consummate a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purposes of winding up of its affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including any portion of the interest earned thereon which was not previously used for working capital or to pay dissolution expenses or taxes, pro rata to the public stockholders by way of redemption of the Public Shares (which redemption would completely extinguish such holders’ rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Company’s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation.

The Company will also provide its stockholders with the opportunity to redeem all or a portion of their Public Shares in connection with any stockholder vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of Public Shares if it does not complete a Business Combination within the Combination Period. The stockholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company for working capital purposes or to pay its tax obligations). There will be no redemption rights with respect to the Company’s warrants in connection with such a stockholder vote to approve such an amendment to the Company’s Amended and Restated Certificate of Incorporation. Notwithstanding the foregoing, the Company may not redeem shares in an amount that would cause its net tangible assets to be less than $5,000,001. The Initial Stockholders have agreed to vote their Founder Shares, Placement Shares and any Public Shares held by them in favor of any such amendment.

The Initial Stockholders and Cantor have agreed to waive their redemption rights with respect to the Founder Shares and Placement Shares (defined below) (i) in connection with the consummation of a Business Combination, (ii) in connection with a stockholder vote to amend the Company’s Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of its public shares if it does not complete a Business Combination within the Combination Period, and (iii) if the Company fails to consummate a Business Combination within the Combination Period or upon the Company’s liquidation prior to the expiration of the Combination Period. The Initial Stockholders have also agreed to waive their redemption rights with respect to Public Shares in connection with a Business Combination and in connection with a stockholder vote to amend the Company’s Amended and Restated Certificate of Incorporation to modify the substance or timing of its obligation to redeem 100% of its Public Shares if it does not complete a Business Combination within the Combination Period. However, the Initial Stockholders will be entitled to redemption rights with respect to any Public Shares held by them if the Company fails to consummate a Business Combination or liquidates within the Combination Period. Cantor will have the same redemption rights as a public stockholder with respect to any Public Shares it acquires, however, Cantor has informed the Company that it has no current commitments, plans or intentions to acquire Public Shares for its own account. The underwriters have agreed to waive their rights to deferred underwriting commissions held in the Trust Account in the event the Company does not consummate a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per Unit in the Initial Public Offering. Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Company’s Chief Executive Officer has agreed that he will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for service rendered, contracted for or products sold to the Company. However, he may not be able to satisfy those obligations should they arise.

Notwithstanding the foregoing redemption rights, if the Company seeks stockholder approval of its Business Combination and it does not conduct redemptions in connection with its Business Combination pursuant to the tender offer rules, the Company’s Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended, or the Exchange Act), will be restricted from redeeming its shares with respect to an aggregate of 20.0% or more of the shares sold in the Initial Public Offering. However, there is no restriction on the Company’s stockholders’ ability to vote all of their shares for or against a Business Combination.

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS [Abstract]

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1 — BUSINESS AND CONSOLIDATION OF OPERATIONS

Intermex Holdings, Inc. (the “INC”) was formed as a Delaware company on March 27, 2006. The consolidated financial statements include the INC, its wholly-owned subsidiary, Intermex Wire Transfer, LLC (the “LLC”), Intermex Wire Transfers de Guatemala, S.A. (“Guatemala”) — 99.8% owned by LLC, Intermex Wire Transfer de Mexico, S.A. — 98% owned by LLC, Intermex Transfers de Mexico, S.A. — 98% owned by LLC, Intermex Wire Transfer Corp. — 100% owned by LLC and Intermex Wire Transfer II, LLC — 100% owned by LLC (collectively, the “Company”).

The INC is a wholly-owned indirect subsidiary of InterWire Topco, LLC (“Interwire LLC”), a company formed on December 21, 2015 for the purpose of funding the acquisition of the Company by Stella Point Capital, LLC (“Stella Point”) discussed in further detail in Note 3.

In connection with the acquisition of the Company by Stella Point, the Company applied “push-down” accounting and the assets and liabilities were adjusted to fair value on the closing date of the transaction, February 1, 2017. As a result, the Company’s consolidated financial statement presentation distinguishes between a predecessor period (“Predecessor”), for periods prior to the transaction, and a successor period (“Successor”), for periods subsequent to the transaction. The Successor’s consolidated financial statements reflect a new basis of accounting that is based on the fair value of assets acquired and liabilities assumed as of the transaction date. The consolidated financial statements presented herein are those of Successor from its inception on February 1, 2017 through December 31, 2017, and those of Predecessor for all periods prior to the transaction date.

Non-controlling interest in the results of operations of consolidated subsidiaries represents the minority stockholders’ share of the profit or (loss) of Intermex Wire Transfer de Mexico, S.A., Intermex Transfers de Mexico, S.A. (“Mexico”) and Intermex Wire Transfers de Guatemala, S.A. (“Guatemala”). Non-controlling interest in the portion of the profit or (loss) from operations of these subsidiaries amounted to $3,053 for the Successor period from February 1, 2017 through December 31, 2017 and $548, $3,696 and $2,458 for the Predecessor periods from January 1, 2017 through January 31, 2017 and the years ended December 31, 2016 and 2015, respectively. Non-controlling interest asset as of December 31, 2017 for the Successor period and December 31, 2016 for the Predecessor period amounted to $6,813 and $3,134, respectively. These amounts were not recorded by the Company as they are considered insignificant.

The Company operates as a money transmitter, primarily between the United States of America and Mexico, Guatemala and other countries in Latin America through a network of authorized agents located in various unaffiliated retail establishments throughout the United States of America.

The accompanying consolidated financial statements include the accounts of the INC and its subsidiaries. All significant inter-company balances and transactions have been eliminated from the consolidated financial statements. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

Restatements

Previously, all finite-lived intangibles (see Note 6) were amortized on a straight-line basis. However, as the economic benefits expected from the agent relationships lessen over time, during 2017 the Company determined it was more appropriate to amortize the agent relationships based on an accelerated method. The Company believes this better matches the amortization expense with the economic benefits expected to be received from the agent relationships rather than recognizing the expense on a straight-line method. As a result, intangible assets, net were overstated and depreciation and amortization expense was misstated in prior years. Therefore, the Company has restated its consolidated financial statements for the correction and the effect is shown in the tables below in the “Amortization” adjustment column.

In 2017, the Company determined that the deferred tax asset utilization analysis as of December 31, 2014 did not properly extend until the expiration of the net operating loss carryforwards. Therefore, the valuation allowance for the deferred tax asset related to the net operating loss carryforwards was overstated and the provision for income tax benefit was understated in 2014 by $12,969,232. In addition, the provision for income tax benefit was overstated in 2015 as the Company had corrected this error in 2015 instead of properly correcting it in 2014. The error has been corrected by restating the Predecessor Company December 31, 2014 accumulated deficit balance in the consolidated statements of changes in stockholder’s equity and provision for income tax (benefit) expense for the year ended December 31, 2015 in the consolidated statements of operations and comprehensive (loss) income. These adjustments are shown in the “Deferred Tax” adjustment column below.

The following tables summarize the impact of these restatements on the Company’s consolidated financial statements:

a.	Consolidated Balance Sheet

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax		As Restated
Balance at December 31, 2016 (Predecessor Company)
Intangible assets, net	$	8,508,502		$	(2,160,868	)	$	—	$	6,347,634
Deferred tax asset, net	$	26,979,233		$	836,879		$	—	$	27,816,112
Total assets	$	120,097,941		$	(1,323,989	)	$	—	$	118,773,952
Accumulated deficit	$	(66,226,984	)	$	(1,323,989	)	$	—	$	(67,550,973	)
Total stockholder's equity		4,582,532		$	(1,323,989	)	$	—	$	3,258,543

b.	Consolidated Statements of Operations and Comprehensive (Loss) Income

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax			As Restated
For the year ended December 31, 2016 (Predecessor Company)
Depreciation and amortization	$	4,341,933		$	(1,811,599	)	$	—		$	2,530,334
Provision for income tax expense	$	3,382,044		$	701,611		$	—		$	4,083,655
Net income	$	8,290,038		$	1,109,988		$	—		$	9,400,026
Comprehensive income	$	8,399,958		$	1,109,988		$	—		$	9,509,946

For the year ended December 31, 2015 (Predecessor Company)
Depreciation and amortization	$	4,296,041		$	(1,842,587	)	$	—		$	2,453,454
Provision for income tax (benefit) expense	$	(9,491,201	)	$	713,612		$	12,969,232		$	4,191,643
Net income	$	17,598,081		$	1,128,975		$	(12,969,232	)	$	5,757,824
Comprehensive income	$	17,541,499		$	1,128,975		$	(12,969,232	)	$	5,701,242

c.	Consolidated Statements of Changes in Stockholder’s Equity

	Impact of Correction of Errors
	As			Adjustments
		previously reported		Amortization			Deferred Tax		As Restated
Balance at December 31, 2014 (Predecessor Company)
Accumulated deficit	$	(92,115,103	)	$	(3,562,952	)	$	12,969,232	$	(82,708,823	)
Total stockholder’s equity	$	42,587,357		$	(3,562,952	)	$	12,969,232	$	51,993,637

Balance at December 31, 2015 (Predecessor Company)
Accumulated deficit	$	(74,517,022	)	$	(2,433,977	)	$	—	$	(76,950,999	)
Total stockholder’s equity	$	31,407,006		$	(2,433,977	)	$	—	$	28,973,029

Balance at December 31, 2016 (Predecessor Company)
Accumulated deficit	$	(66,226,984	)	$	(1,323,989	)	$	—	$	(67,550,973	)
Total stockholder’s equity	$	4,582,532		$	(1,323,989	)	$	—	$	3,258,543

d.	Consolidated Statements of Cash Flows

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax			As Restated
For the year ended December 31, 2016 (Predecessor Company)
Net income	$	8,290,038		$	1,109,988		$	—		$	9,400,026
Depreciation and amortization	$	4,341,933		$	(1,811,599	)	$	—		$	2,530,334
Deferred taxes	$	3,017,332		$	701,611		$	—		$	3,718,943
Net cash provided by operating activities	$	22,395,778		$	—		$	—		$	22,395,778

For the year ended December 31, 2015 (Predecessor Company)
Net income	$	17,598,081		$	1,128,975		$	(12,969,232	)	$	5,757,824
Depreciation and amortization	$	4,296,041		$	(1,842,587	)	$	—		$	2,453,454
Deferred taxes	$	(9,711,359	)	$	713,612		$	12,969,232		$	3,971,485
Net cash provided by operating activities	$	4,465,445		$	—		$	—		$	4,465,445

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

In connection with the Company's assessment of going concern considerations in accordance with the Financial Accounting Standard Board's Accounting Standards Update ("ASU") 2014-15, "Disclosures of Uncertainties about an Entity's Ability to Continue as a Going Concern," management has determined that the mandatory liquidation and subsequent dissolution raises substantial doubt about the Company's ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after January 25, 2019.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Emerging growth company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expense during the reporting periods.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and cash equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2017 and 2016.

Cash and marketable securities held in Trust Account

At December 31, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.

Common stock subject to possible redemption

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2017, 16,112,706 shares of common stock subject to possible redemption is presented as temporary equity, outside of the stockholders’ equity section on the Company’s consolidated balance sheet.

Offering costs

Offering costs consist principally of legal, accounting and underwriting costs incurred that were directly related to the Initial Public Offering. Offering costs amounting to $12,912,088 were charged to stockholders’ equity upon completion of the Initial Public Offering.

Income taxes

The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2017 and 2016. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

The Company may be subject to potential examination by federal, state, and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, and compliance with federal, state, and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

Net loss per common share

The Company complies with the accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding for the period, excluding shares of common stock forfeited by certain of the Company’s Initial Shareholders on January 25, 2017. Shares of common stock subject to possible redemption at December 31, 2017 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of warrants to purchase 8,960,000 shares of common stock in the calculation of diluted loss per share, since the exercise of the warrants is contingent upon the occurrence of future events. As a result, diluted loss per common share is the same as basic loss per common share for the periods presented.

Concentration of credit risk

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At December 31, 2017 and 2016, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair value of financial instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying consolidated balance sheets, primarily due to their short-term nature.

Recently issued accounting standards

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reclassifications

Certain reclassifications have been made to prior-year amounts in the consolidated balance sheets and consolidated statements of operations and comprehensive (loss) income to conform to current-year reporting classifications. These reclassifications had no impact on net (loss) income, comprehensive (loss) income or stockholder’s equity.

Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from these estimates.

Cash

Cash is comprised of deposits in U.S. and foreign banks. The Company recognizes interest income from its cash deposits on an accrual basis. The Company considers cash equivalents to be short term, highly liquid investments with maturities of three months or less.

Concentration of Credit Risk

The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The amount that exceeded the federally insured limits totaled $31,739,808 at December 31, 2017 of the Successor period and $22,322,423 at December 31, 2016 of the Predecessor period. The Company has not incurred any losses on these accounts. In addition, the Company maintains various bank accounts in Mexico and Guatemala, which are not insured. The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash balances were as follows at December 31:

	Successor Company 2017		Predecessor Company 2016
Cash in U.S. dollars in U.S. banks	$	55,375,471	$	34,437,494
Cash in foreign banks and foreign currency		3,774,454		3,159,019
Petty cash		5,693		4,583
	$	59,155,618	$	37,601,096

Revenue Recognition

Revenues for wire transfer and money order fees are recognized at the time the transaction is processed. These fees are recognized on a gross basis equal to the full amount of the fee charged to the customer as the Company is the primary obligor and has latitude in establishing price. Foreign exchange revenue, which represents the difference between the exchange rate set by the Company and the rate realized, is recognized upon the disbursement of U.S. dollars to the foreign bank. Other income primarily represents revenues for technology services provided to the independent network of agents who utilize the Company’s technology in processing transactions. Revenues for these transactions are recorded when persuasive evidence of an arrangement exists, delivery has occurred, or services have been rendered and collection is reasonably assured.

Business Combinations

The Company accounts for its business combinations using the acquisition method, which requires that intangible assets be recognized apart from goodwill if they are contractual in nature or separately identifiable. Acquisitions are measured on the fair value of consideration exchanged and, if the consideration given is not cash, measurement is based on the fair value of the consideration given or the fair value of the assets acquired, whichever is more reliably measurable. The excess of cost of an acquired entity over the fair value of identifiable acquired assets and liabilities assumed is allocated to goodwill.

The valuation and allocation processes rely on significant assumptions made by management. In certain situations, the allocations of excess purchase price are based upon preliminary estimates and assumptions. Accordingly, the allocations are subject to revision when the Company receives updated information, including valuations and other analyses, which are completed within one year of the acquisition. Revisions to the fair values, which may be significant, are recorded when pending information is finalized, within one year from the acquisition date.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded upon initiation of the wire transfer and are typically due to the Company within five days. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. When preparing these estimates, management considers a number of factors, including the aging of a customer’s account, creditworthiness of specific customers, historical trends and other information. The Company reviews its allowance for doubtful accounts policy periodically, reflecting current risks and changes in industry conditions and when necessary, will increase its allowance for doubtful accounts and recognize a provision to bad debt expense, included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income.

Prepaid Expenses and Other Assets

Prepaid wires represent funds that are required at certain payer agent locations in advance of a transaction, which are typically utilized within a few days. Other prepaid expenses, other current assets and other assets consist primarily of prepaid expenses, notes receivable (see Note 4), and restricted cash. Interest income on notes receivable is recognized on a cash basis due to uncertainty on receiving the interest payments. The restricted cash is maintained by a United States Bank and is cash collateral for an irrevocable stand-by letter of credit in the amount of $639,662 issued as collateral for the operating lease of the Company’s headquarters and recorded in other assets at December 31, 2017 of the Successor period and December 31, 2016 of the Predecessor period, in the consolidated balance sheets.

Property and Equipment

Property and equipment, including leasehold improvements, are stated at cost, or the allocated fair value in purchase accounting, less accumulated depreciation and amortization. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred as part of other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the life of the lease or the estimated useful life of the improvement, whichever is shorter. At the time depreciable assets are retired or otherwise disposed, the cost and the related accumulated depreciation of such assets are eliminated from the accounts and any gain or loss is recognized in the current period. The Company capitalizes costs incurred for the development of internal use computer software, which are depreciated over five years using the straight-line method.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets result primarily from business combination acquisitions, including the Stella Point acquisition discussed in Note 3. Other intangible assets include trade name, agent relationships, developed technology and other intangibles, all with finite lives. Upon the acquisition, the purchase price is first allocated to identifiable assets and liabilities, including the trade name and other intangibles, with any remaining purchase price recorded as goodwill.

Goodwill is not amortized, rather, impairment tests are conducted on an annual basis, at the beginning of the fourth quarter, or more frequently if indicators of impairment are present. A qualitative assessment of goodwill was performed in 2017 subsequent to the Stella Point acquisition on February 1, 2017 (see Note 3). Qualitative assessment includes consideration of the economic, industry and market conditions in addition to the overall financial performance of the Company and these assets. Based on the results of assessment, no indicators of impairment were noted. Accordingly, no further impairment testing was completed, and no impairment charges related to goodwill were recognized during the Successor period from February 1, 2017 through December 31, 2017.

The Company’s trade name, agent relationships and developed technology are currently amortized utilizing an accelerated method over their estimated useful lives of 15 years. Other intangible assets are amortized on a straight-line basis over a useful life of 10 years. Refer to Note 1 for a discussion of the restatement of prior periods related to the correction of an error for the amortization of agent relationships. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described below in “Impairment of Long-Lived Assets.”

Impairment of Long-Lived Assets

The Company evaluates long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Upon such an occurrence, recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to forecasted undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. For long-lived assets held for sale, assets are written down to fair value, less cost to sell. Fair value is determined based on discounted cash flows, appraised values or management’s estimates, depending upon the nature of the assets. There were no impairment indicators noted for all periods presented in the consolidated financial statements for long-lived assets, including amortizable intangible assets.

Debt Issuance Costs

During August 2017, the Company capitalized costs totaling $4,682,830 for the Successor period from February 1, 2017 through December 31, 2017 relating to its debt issuance (see Note 8) and is amortizing these costs over the life of the related debt using the straight-line method, which approximates the effective interest method. The Company incurred and capitalized debt issuance costs of $2,315,992 and $2,789,288 for the Predecessor years ended December 31, 2016 and 2015, respectively. There were no debt issuance costs incurred for the Predecessor period from January 1, 2017 through January 31, 2017. The unamortized portion of debt issuance costs is recorded on the consolidated balance sheets as an offset to the related debt and totaled $4,347,602 at December 31, 2017 for the Successor period and $1,967,380 at December 31, 2016 for the Predecessor period. Amortization of debt issuance costs is included as a component of interest expense in the consolidated statements of operations and comprehensive (loss) income and amounts to $335,221 for the Successor period from February 1, 2017 through December 31, 2017, and $39,298, $2,670,976 and $741,450 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respectively. The amortization of debt issuance costs includes the write off of debt issuance costs associated with previous debt issuance of $2,322,372 and $274,534 for the Predecessor years ended December 31, 2016 and 2015, respectively. Debt issuance costs of $1,928,089 related to debt that was assumed by the Successor Company in connection with the Stella Point acquisition (see Note 3) was written off to goodwill at the February 1, 2017 acquisition date.

Advertising Costs

Advertising costs are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income and are expensed as incurred. The Company incurred advertising costs of $1,653,596 for the Successor period from February 1, 2017 through December 31, 2017, and $96,404, $1,124,210 and $720,030 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respectively.

Income Taxes

The Company accounts for income taxes in accordance with U.S. generally accepted accounting principles which require, among other things, recognition of future tax benefits measured at enacted rates attributable to deductible temporary differences between financial statement and income tax bases of assets and liabilities and to tax net operating loss carryforwards to the extent that realization of said benefits is more likely than not.

The Company accounts for tax contingencies by assessing all material positions, including all significant uncertain positions, for all tax years that are open to assessment or challenge under tax statutes. Those positions that have only timing consequences are separately analyzed based on the recognition and measurement model provided in the tax guidance.

As required by the uncertain tax position guidance, the Company recognizes the financial statement benefit of a position only after determining that the relevant tax authority would more likely than not sustain the positions following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal or state and local income tax examinations by tax authorities for the years before 2011. The Company applies the uncertain tax position guidance to all tax positions for which the statute of limitations remains open. The Company’s policy is to classify interest accrued as interest expense and penalties as operating expenses. The Company does not have any material uncertain tax positions.

Foreign subsidiaries of the Company are subject to taxes by local tax authorities.

Foreign Currency Translation

The financial statements and transactions of the Company’s foreign operations are maintained in their functional currency, which is other than the U.S. dollar. Assets and liabilities are translated at current exchange rates in effect at the balance sheet date. Revenue and expenses are translated at the average exchange rate for each period. Translation adjustments, which result from the process of translating the financial statements of the Company’s foreign operations into U.S. dollars, are recorded as a component of accumulated other comprehensive loss.

(Losses) or gains from foreign currency transactions amounted to $(17,044) for the Successor period from February 1, 2017 through December 31, 2017, and $11,608, $1,055 and $20,948 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respectively, and are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income.

Derivative Instruments

The Company enters into forward foreign exchange contracts to manage the risk associated with currency fluctuations on settlement of wire transfers in foreign currencies. The Company’s forward foreign exchange contracts are denominated in Mexican pesos and Guatemalan quetzals and are for a maximum of five days. The Company’s accounting policy has been not to record the fair value of these contracts in the consolidated balance sheets as management has determined that the amounts are insignificant. Losses or gains from forward foreign exchange contract transactions are recorded in foreign exchange revenue but the amounts are insignificant for the periods presented. The Company had open forward foreign exchange contracts with notional amounts of approximately $8,200,000 and $8,100,000 at December 31, 2017 of the Successor period and $1,500,000 and $6,850,000 at December 31, 2016 of the Predecessor period for Mexico and Guatemala, respectively.

Comprehensive (Loss) Income

Comprehensive (loss) income consists of net income (loss) and the foreign currency translation adjustment and is presented in the consolidated statements of operations and comprehensive (loss) income.

Share-Based Compensation

The Company accounts for its share-based employee compensation expense related to incentive units, restricted stock grants and stock options under generally accepted accounting principles, which requires the measurement and recognition of compensation costs for all equity-based payment awards made to employees and directors based on estimated fair values. See Note 12 for further discussion related to share-based compensation.

Segments

The Company’s business is organized around one reportable segment that provides money transmittal services between the USA and Latin America. This is based on the objectives of the business and how our chief operating decision maker, the CEO and President, monitors operating performance and allocates resources.

Accounting Pronouncements

The Financial Accounting Standards Board (the “FASB”) issued guidance, Presentation of Financial Statements — Going Concern, which requires management to evaluate, at each annual and interim reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the consolidated financial statements are issued and to provide related disclosures. On December 31, 2017, the Company adopted this guidance, and it did not have a material impact on the consolidated financial statements.

The FASB issued guidance, Revenue from Contracts with Customers, which amended the existing accounting standards for revenue recognition. The new guidance establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. This guidance is required to be adopted by the Company in the first quarter of 2019 and can be applied using either a retrospective or a modified retrospective approach. The Company is currently assessing the impact this guidance will have on its consolidated financial statements.

The FASB issued amended guidance, Business Combinations — Clarifying the Definition of a Business, which assists entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This guidance is required to be adopted by the Company in the first quarter of 2019 on a prospective basis, and the Company does not believe it will have a material impact on the consolidated financial statements.

The FASB issued guidance, Leases, to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under previous U.S. generally accepted accounting principles. The guidance requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term on the balance sheet. This guidance is required to be adopted by the Company in the first quarter of 2020 and must be applied using a modified retrospective approach. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements.

The FASB issued guidance, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, all excess tax benefits and tax deficiencies are recorded as a component of the provision for income taxes in the reporting period in which they occur. Additionally, the guidance requires that the Company present excess tax benefits on the statement of cash flows as an operating activity. The Company plans to adopt this guidance in the first quarter of 2018 and does not expect the impact of this adoption on its consolidated financial statements to be material.

The FASB issued amended guidance, Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments, which clarifies how certain cash receipts and cash payments are presented and classified in the consolidated statements of cash flows. The amendments are aimed at reducing the existing diversity in practice. This guidance is required to be adopted by the Company in the first quarter of 2019 and must be applied using a retrospective approach for each period presented. The adoption of this guidance is not expected to have a material impact on the consolidated financial statements.

The FASB issued amended guidance, Restricted Cash, which requires restricted cash to be presented with cash and cash equivalents in the consolidated statements of cash flows. The amended guidance is effective for fiscal years beginning after December 15, 2017 (including interim periods within those periods). The Company will adopt this guidance in the first quarter of 2018 using a retrospective transition method for each period presented and does not expect the impact of this adoption on its consolidated financial statements to be material.

The FASB issued amended guidance, Intangibles — Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment. The amended standard simplifies how an entity tests goodwill by eliminating Step 2 of the goodwill impairment test related to measuring an impairment charge. Instead impairment will be recorded for the amount that the carrying amount of a reporting unit exceeds its fair value. The new guidance is effective for the Company beginning in fiscal 2020. The adoption of this guidance is not expected to have a material impact on the consolidated financial statements.

ACQUISITION BY STELLA POINT

12 Months Ended

Dec. 31, 2017

ACQUISITION BY STELLA POINT [Abstract]

ACQUISITION BY STELLA POINT

NOTE 3 — ACQUISITION BY STELLA POINT

On February 1, 2016, the Company and its majority owner at the time, Linsday Goldberg LLC, entered into an agreement with Stella Point, acquirer, for the sale of the Company. This acquisition was accounted for as a business combination and became effective on February 1, 2017 for a transaction price of $52,000,000 in cash, plus $12,410,000 of rollover equity from certain existing management holders, the assumption of approximately $78,000,000 of the Company’s outstanding debt and an additional funding of $5,000,000 of Company debt. There was no contingent consideration in the transaction. As a result, Stella Point acquired 80.7% of the voting equity interest in the Company and other minority stockholders acquired the remaining interest, none individually greater than 10%. The purchase price in excess of the fair value of acquired assets was accounted for as goodwill as discussed further below.

Net Assets Acquired

The acquisition method for a business combination requires that the assets acquired and liabilities assumed be recognized at their allocated fair values as of the February 1, 2017 acquisition date, which is summarized below:

	Successor Company
Cash	$	43,064,931
Accounts receivables		27,183,489
Prepaid and other current assets		560,934
Property and equipment		6,328,146
Other assets		1,345,562
Total tangible assets acquired		78,483,062
Intangible assets acquired		62,660,000
Deferred tax asset, net		2,118,801
Less: Liabilities assumed		(115,111,529	)
Net assets		28,150,334

Goodwill		36,259,666
Total purchase price	$	64,410,000

The intangible assets acquired consist primarily of a trade name, agent relationships and developed technology. The excess of the purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill which is attributable to the workforce and reputation of Intermex. The accounting for this business combination has been completed, therefore the measurement period is closed. The Company does not expect goodwill to be deductible for income tax purposes.

Acquisition-Related Costs

Direct costs related to the Stella Point acquisition are expensed as incurred and included as “transaction costs” in the consolidated statements of operations and comprehensive (loss) income. Such costs amounted to $6,212,602 for the Successor period from February 1, 2017 through December 31, 2017, and $3,917,188, $900,530 and $1,609,034 for the Predecessor periods from January 1, 2017 through January 31, 2017 and the years ended December 31, 2016 and 2015, respectively. The remaining transaction costs on the consolidated statements of operations and comprehensive (loss) income for the Successor period from February 1, 2017 through December 31, 2017 in the amount of $2,492,899 relate to the anticipated merger with FinTech (see Note 15 for further discussion). These costs include all internal and external costs directly related to the transaction, consisting primarily of legal, consulting, accounting, advisory fees and certain incentive bonuses directly related to the transaction.

NOTES RECEIVABLE

12 Months Ended

Dec. 31, 2017

NOTES RECEIVABLE [Abstract]

NOTES RECEIVABLE

NOTE 4 — NOTES RECEIVABLE

The Company had notes receivable from agents at December 31 as follows:

		Successor Company 2017			Predecessor Company 2016
Notes receivable, current	$	740,068		$	525,440
Allowance		(434,210	)		(313,696	)
Net current	$	305,858		$	211,744

Notes receivable, long-term		608,396			444,981
Allowance		(248,432	)		(209,259	)
Net long-term	$	359,964		$	235,722

The net current portion is included in other prepaid expenses and current assets, and the net long-term portion is included in other assets in the consolidated balance sheets. The notes have interest rates ranging from 0% to 20% per annum. Most of the notes are collateralized by personal guarantees from the sending agents and by assets from their businesses in case of a default by the agent. At December 31, 2017 and 2016, there were $1,079,364 and $789,163, respectively, of notes collateralized.

The maturities of notes receivable at December 31, 2017 for the Successor Company is as follows:

	Unpaid Principal Balance
Under 1 year	$	740,068
Between 1 and 2 years		564,516
Between 2 and 3 years		43,880
Total	$	1,348,464

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2017

PROPERTY AND EQUIPMENT, NET [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 5 — PROPERTY AND EQUIPMENT, NET

Property and equipment at December 31 consists of the following:

	Successor Company 2017			Predecessor Company 2016			Estimated Useful Lives (in Years)
Computer software and equipment	$	9,153,855		$	13,057,313		3 to 5
Office improvements		798,130			1,526,350			5
Furniture and fixtures		303,400			1,078,267			7
		10,255,385			15,661,930
Less: Accumulated depreciation		(1,764,591	)		(9,415,483	)
	$	8,490,794		$	6,246,447

Computer software and equipment above includes equipment maintained at locations of agents and used and owned by the Company of $3,775,950 at December 31, 2017 of the Successor period and $5,197,637 at December 31, 2016 of the Predecessor period. Also, it includes development of internal use software of $1,303,645 at December 31, 2017 of the Successor period and $2,731,294 at December 31, 2016 of the Predecessor period. Depreciation expense was $2,086,164 for the Successor period from February 1, 2017 through December 31, 2017, and $151,083, $1,601,389 and $1,268,557 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respectively.

GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 6 — GOODWILL AND OTHER INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization at December 31 for goodwill and other intangible assets are as follows:

	Successor Company 2017			Predecessor Company 2016
				As Restated
Indefinite lives:
Goodwill	$	36,259,666		$	—
Trade name		—			5,300,000
Total indefinite lives		36,259,666			5,300,000
Amortizable:
Agent relationships		40,500,000			29,200,000
Trade name		15,500,000
Developed technology		6,600,000			—
Other intangibles		699,689			1,430,224
Accumulated amortization expense		(14,558,657	)		(29,582,590	)
Net amortizable intangibles		48,741,032			1,047,634
Total goodwill and other intangible assets	$	85,000,698		$	6,347,634

Successor Company

The majority of the intangibles on the consolidated balance sheet of the Successor Company were recognized upon the acquisition by Stella Point (see Note 3). The fair value measurements were based on significant inputs, such as the Company’s forecasted revenues, assumed turnover of agent locations, obsolescence assumptions for technology, market discount and royalty rates. These inputs are based on information not observable in the market and represent Level 3 measurements within the fair value hierarchy. Trade name refers to the Intermex name, branded on all agent locations and well recognized in the market. This fair value was determined using the relief-from-royalty method, which is based on the Company’s expected revenues and a royalty rate estimated using comparable market data. As a result of the Stella Point acquisition, the Company determined it was appropriate to assign a finite useful life of 15 years to the trade name. Under the Predecessor Company the trade name was not amortized and was assessed for impairment annually. The Successor Company decided that a finite life would be more appropriate, providing better matching of the amortization expense during the period of expected benefits.

The agent relationships intangible represents the network of over 5,000 independent agents. This intangible was valued using the excess earnings method, which was based on the Company’s forecasts and historical activity at agent locations in order to develop a turnover rate and expected useful life. Assuming a year-over-year location turnover rate of 17.4%, this resulted in an expected useful life for this intangible of 15 years. Developed technology includes the state-of-the-art system that the Company has continued to develop and improve upon over the past 20 years. This intangible was valued using the relief-from-royalty method based on the Company’s forecasted revenues, a royalty rate estimated using comparable market data, an expected obsolescence rate of 18.0% and an estimated useful life of 15 years.

Other intangibles primarily relate to the acquisition of certain agent locations, which are amortized over 10 years. The net book value of these intangibles was $610,859 at December 31, 2017.

The following table presents the changes in goodwill and other intangible assets:

	Goodwill		Other Intangibles
Predecessor Company
Balance at December 31, 2014, as restated	$	—	$	8,119,749
Amortization expense, as restated		—		(1,184,897	)
Effect of exchange rate changes		—		(1,067	)
Balance at December 31, 2015, as restated	$	—	$	6,933,785
Acquisition of agent locations		—		342,876
Amortization expense, as restated		—		(928,945	)
Effect of exchange rate changes		—		(82	)
Balance at December 31, 2016, as restated	$	—	$	6,347,634
Amortization expense		—		(230,663	)
Balance at January 31, 2017	$	—	$	6,116,971

	Goodwill		Other Intangibles
Successor Company
Balance at February 1, 2017	$	36,259,666	$	62,660,000
Acquisition of agent locations		—		639,689
Amortization expense		—		(14,558,657	)
Balance at December 31, 2017	$	36,259,666	$	48,741,032

Amortization expense related to intangible assets for the next five years and thereafter is as follows for the Successor Company:

2018	$	12,458,705
2019		9,320,428
2020		6,902,482
2021		5,112,601
2022		3,952,547
Thereafter		10,994,269
	$	48,741,032

Predecessor Company

The majority of the intangibles on the consolidated balance sheet of the Predecessor Company were recognized in 2006 with the acquisition of Intermex, LLC and consisted primarily of the trade name and agent relationships. The amortization of the agent relationships for the Predecessor Company has been restated to reflect an accelerated method. Previously the Predecessor Company was amortizing on a straight-line basis (see Note 1 for further discussion). The Predecessor Company also had intangibles relating to agent locations acquired, which had a net book value of $691,798 at December 31, 2016 of the Predecessor period.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

ACCRUED AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2017

ACCRUED AND OTHER LIABILITIES [Abstract]

ACCRUED AND OTHER LIABILITIES

NOTE 7 — ACCRUED AND OTHER LIABILITIES

Accrued and other liabilities at December 31 consisted of the following:

	Successor Company 2017		Predecessor Company 2016
Payables to agents	$	6,875,416	$	4,879,360
Compensation accruals		1,092,460		870,856
Accruals for taxes		318,792		163,843
Accrued interest		—		676,806
Other		3,227,781		3,296,070
	$	11,514,449	$	9,886,935

DEBT

12 Months Ended

Dec. 31, 2017

DEBT [Abstract]

DEBT

NOTE 8 — DEBT

Debt at December 31 consisted of the following:

	Successor Company 2017			Predecessor Company 2016
Revolving credit facility	$	20,000,000		$	10,000,000
Term loan		95,787,500			70,000,000
		115,787,500			80,000,000
Less: Current portion of long term debt⁽¹⁾		(3,913,436	)		(849,809	)
Less: Debt issuance costs		(4,347,602	)		(1,967,380	)
	$	107,526,462		$	77,182,811

(1)	Current portion of long term debt is net of debt issuance costs of $936,564 at December 31, 2017 of the Successor period and $462,691 at December 31, 2016 of the Predecessor period.

Successor Company Financing Agreement

On August 23, 2017, the Company entered into a Financing Agreement (the “Financing Agreement”) with MC Credit Partners to refinance existing debt discussed further below. The Financing Agreement includes a revolving credit facility that provides for loans up to $20,000,000 in the aggregate. Subject to the terms of the Financing Agreement, interest is determined based on the highest of the LIBOR Rate, commercial lending rate of the collateral agent and federal funds rate, plus an applicable margin. The effective rate at December 31, 2017 of the Successor period was 12.50%. The revolving credit facility is subject to an unused line fee of 0.75% per annum. At December 31, 2017, the Company had $20,000,000 outstanding under this facility with zero accrued interest, and no remaining borrowings available. The total borrowings under this facility and any unpaid interest are fully payable on August 23, 2022.

The Financing Agreement also includes a term loan in the aggregate principal amount of $97,000,000. Subject to the terms of the Financing Agreement, interest is based on the LIBOR Rate plus an applicable margin. The effective rate at December 31, 2017 of the Successor period was 10.46%. The principal amount of the term loan must be repaid in consecutive quarterly installments on the last business day of each March, June, September and December commencing in December 2017. The Company must repay an amount equal to 1.25% of the original amount borrowed for each quarterly payment from December 31, 2017 through September 30, 2019 and 2.50% of the original amount borrowed for each quarterly payment from December 31, 2019 and thereafter. The total borrowings under the term loan are fully payable on August 23, 2022.

The scheduled annual maturities of the term loan at December 31, 2017 of the Successor period are as follows:

2018	$	4,850,000
2019		6,062,500
2020		9,700,000
2021		9,700,000
2022		65,475,000
	$	95,787,500

On December 18, 2017, the Financing Agreement was amended to allow for the FinTech merger (see Note 15), as the agreement contains a restrictive covenant related to the change of control of the Company. In connection with this amendment the Company will be required to pay a $1 million consent fee. This fee is only payable upon the closing of the FinTech merger and therefore is not accrued as of December 31, 2017. Further the Company intends to repay $20 million of the term loan upon closing of the FinTech merger, which will be subject to a 3% prepayment fee. This anticipated $20 million prepayment would reduce the amount of the final term loan payment on August 23, 2022.

The Company may make additional prepayments of the term loan by incurring additional costs. In addition, the Financing Agreement contains additional restrictive covenants, which among other things, require a specified ratio of fixed charge coverage, a total net leverage ratio, and asset coverage ratio. The Company is in compliance with these covenants at December 31, 2017 of the Successor period. Payment obligations under the revolving credit facility and term loan are guaranteed by the INC and each of the Company’s domestic subsidiaries and collateralized by substantially all assets and the shares and member units of the INC and Intermex Wire Transfer, LLC, respectively.

The proceeds from the revolver and term loan discussed above were used to repay the existing debt. This refinancing was accounted for as an extinguishment of debt, and there was no gain or loss recognized. See Note 2 for a discussion regarding capitalization of debt issuance costs related to the new debt in 2017 and write-off of debt issuance costs related to the extinguishment of existing debt.

Predecessor Company Financing Agreement

On March 24, 2016, the Company entered into an Amended and Restated Financing Agreement (the “Amended Financing Agreement”) with its existing lenders. The Amended Financing Agreement included a revolving credit facility that provided for loans up to $10,000,000 in the aggregate. At the Company’s option, subject to the terms of the Amended Financing Agreement, interest was determined based on LIBOR Rate, plus an applicable margin. The effective rate at December 31, 2016 of the Predecessor period was 9.5%. The revolving credit facility was subject to an unused line fee of 0.5% per annum. At December 31, 2016, the Company had $10,000,000 outstanding under this facility, and the borrowing availability under this facility was zero. The total borrowings under this facility and any unpaid interest were fully payable on March 24, 2021.

The Amended Financing Agreement also included a term loan in the aggregate principal amount of $70,000,000. Subject to the terms of the Amended Financing Agreement, interest was determined based on LIBOR Rate, plus an applicable margin. The effective rate at December 31, 2016 of the Predecessor period was 9.5%. The principal amount of the term loan was to be repaid in consecutive quarterly installments, each in the amount of $875,000, after the change of control on February 1, 2017, discussed further in Note 3, commencing on June 30, 2017 and continuing on the last day of each September, December, March and June thereafter. The total borrowings under this facility and any unpaid interest were fully payable on March 24, 2021. The principal balance outstanding on the term loan at December 31, 2016 of the Predecessor period was $70,000,000. On February 1, 2017, the Company entered into an amendment of the Amended Financing Agreement whereby the aggregate principal amount of the term loan was increased by $5,000,000, all of which was then fully paid off in connection with the refinancing on August 23, 2017 discussed above.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2017

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

9. FAIR VALUE MEASUREMENTS

The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity in accordance with ASC 320 “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying consolidated balance sheet and adjusted for the amortization or accretion of premiums or discounts.

Cash held in the Trust Account amounted to $6,050 and $0 at December 31, 2017 and 2016.

The gross holding gains and fair value of held-to-maturity securities at December 31, 2017 and 2016 were as follows:

	Held-To-Maturity	Amortized Cost		Gross Holding Losses			Fair Value
December 31, 2017	U.S. Treasury Securities (Mature on 1/18/2018)	$	175,877,136	$	(80,806	)	$	175,796,330

December 31, 2016		$	—	$	—		$	—

The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1:

Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2:

Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

Level 3:

Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2017 and 2016, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level		December 31, 2017		December 31, 2016
Assets:
Cash and marketable securities held in Trust Account		1	$	175,883,186	$	—

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 9 — FAIR VALUE MEASUREMENTS

The Company determines fair value in accordance with the provisions of FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value as an exit price, representing the amount that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three-level fair value hierarchy that prioritizes the inputs used to measure fair value was established. There are three levels of inputs used to measure fair value. Level 1 relates to quoted market prices for identical assets or liabilities. Level 2 relates to observable inputs other than quoted prices included in Level 1. Level 3 relates to unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The Company’s non-financial assets measured at fair value on a nonrecurring basis include the goodwill and other intangibles derived on February 1, 2017 as a result of the Stella Point acquisition, as discussed in Note 3. Refer to Note 6 for a further discussion related to the fair value measurements.

The Company’s cash is representative of fair value as these balances are comprised of deposits available on demand. Accounts receivable, prepaid wires, accounts payable and wire transfers and money orders payable are representative of their fair values because of the short maturities of these items.

The Company’s financial instruments that are not measured at fair value on a recurring basis include its revolver and term loan. The Company utilizes a market approach to estimate the fair value of its term loan, using Level 2 inputs, by discounting anticipated future cash flows derived from the contractual terms of the obligation and observable market interest rates. At December 31, 2017 of the Successor period the estimated fair value of the term loan was $96.2 million, or 100.5% of its face value. The estimated fair value of the revolver would approximate face value given the payment schedule and interest structure.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION [Abstract]

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2017
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS Founder Shares On May 28, 2015, the Company issued an aggregate of 5,298,333 shares of common stock to the Initial Stockholders (“Founder Shares”) for an aggregate purchase price of $25,000. In January 2017, the Company issued an additional 701,667 Founder Shares for an aggregate purchase price of $3,311. As such, total Founder Shares of 6,000,000 included an aggregate of up to 760,000 shares subject to forfeiture by the Initial Stockholders to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the Initial Stockholders would collectively own 25% of the Company’s issued and outstanding shares after the Initial Public Offering. As a result of the underwriters’ election to exercise their over-allotment option to purchase 2,200,000 Units on January 25, 2017 and waiver of the remainder of their over-allotment option, 733,333 Founder Shares were no longer subject to forfeiture and 26,667 Founder Shares were forfeited. Accordingly, a total of 5,973,333 Founder Shares are outstanding as of December 31, 2017. The Initial Stockholders have agreed not to transfer, assign or sell any of their Founder Shares (except to permitted transferees) until (i) with respect to 20% of such shares, upon consummation of the Company’s initial Business Combination, (ii) with respect to 20% of such shares, when the closing price of the Company’s common stock exceeds $12.00 for any 20 trading days within a 30-trading day period following the consummation of a Business Combination, (iii) with respect to 20% of such shares, when the closing price of the Company’s common stock exceeds $13.50 for any 20 trading days within a 30-trading day period following the consummation of a Business Combination, (iv) with respect to 20% of such shares, when the closing price of the Company’s common stock exceeds $15.00 for any 20 trading days within a 30-trading day period following the consummation of a Business Combination and (v) with respect to 20% of such shares, when the closing price of the Company’s common stock exceeds $17.00 for any 20 trading days within a 30-trading day period following the consummation of a Business Combination or earlier, in any case, if, following a Business Combination, the Company engages in a subsequent transaction (1) resulting in the Company’s shareholders having the right to exchange their shares for cash or other securities or (2) involving a consolidation, merger or other change in the majority of the Company’s board of directors or management team in which the Company is the surviving entity. Notwithstanding the foregoing, in connection with an initial Business Combination, the Initial Stockholders may transfer, assign or sell their Founder Shares with the Company’s consent to any person or entity that agrees in writing to be bound by the transfer restrictions set forth in the prior sentence. Promissory Note — Related Party Prior to the closing of the Initial Public Offering, the Company’s Sponsor loaned the Company $231,846 for expenses related to the Company’s formation and the Initial Public Offering. The loan was non-interest bearing, unsecured and due on the earlier of June 30, 2017 or the closing of the Initial Public Offering. The loan was repaid upon the closing of the Initial Public Offering on January 25, 2017. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor has committed to loan the Company funds as may be required up to a maximum of $1,100,000 (“Working Capital Loans”), which will be repaid upon the consummation of a Business Combination. However, if the Company does not consummate a Business Combination, the Company may use funds held outside the Trust Account to repay the Working Capital Loans; however, no proceeds from the Trust Account may be used for such repayment, other than interest income earned thereon in an amount, when taken together with amounts released to the Company for working capital purposes, that does not exceed $500,000. If such funds are insufficient to repay the Working Capital Loans, the unpaid amounts would be forgiven. Any part or all of the Working Capital Loans may be converted into additional warrants at $0.75 per one-half of one warrant (warrants to purchase a maximum of 733,333 whole shares if the full $1,100,000 is loaned and that amount is converted into warrants) of the post-Business Combination entity at the option of the Sponsor. The warrants would be identical to the Placement Warrants. There were no Working Capital Loans outstanding as of December 31, 2017 and 2016.
Intermex Holdings, Inc. and Subsidiaries [Member]
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 — RELATED PARTY TRANSACTIONS During the February 1, 2017 through December 31, 2017 Successor period, the Company was charged a monthly management fee of $65,000, plus reimbursement of expenses, to a related party for management services, which is included in other selling, general and administrative expenses on the Company’s consolidated statement of operations and comprehensive (loss) income. During the Predecessor periods, all management fee charges were waived. There were no amounts payable to or receivable from related parties on the consolidated balance sheets. The management company was reimbursed expenses of $12,403 in the Successor period from February 1, 2017 through December 31, 2017 and $18,368 in the Predecessor period during the year ended December 31, 2015.

DEFINED CONTRIBUTION PLAN	12 Months Ended
DEFINED CONTRIBUTION PLAN	Dec. 31, 2017
Intermex Holdings, Inc. and Subsidiaries [Member]
DEFINED CONTRIBUTION PLAN [Abstract]
DEFINED CONTRIBUTION PLAN	NOTE 11 — DEFINED CONTRIBUTION PLAN The Company has a defined contribution plan available to most of its employees, where the Company makes contributions to the plan based on employee contributions. Total employer contribution expense included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income was $96,563 for the Successor period from February 1, 2017 through December 31, 2017 and $10,022, $70,097, $54,596 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respective

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2017

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION

7. STOCKHOLDERS’ EQUITY

Preferred Stock — The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. At December 31, 2017 and 2016, there were no shares of preferred stock issued or outstanding.

Common Stock — The Company is authorized to issue 35,000,000 shares of common stock with a par value of $0.0001 per share. Holders of the Company’s common stock are entitled to one vote for each common share. At December 31, 2017 and 2016, there were 7,780,627 and 5,298,333 shares of common stock issued and outstanding, respectively (excluding 16,112,706 and -0- shares of common stock subject to possible redemption).

Warrants — Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available. The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, the Company will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the shares of common stock issuable upon exercise of the Public Warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. Notwithstanding the foregoing, if the Company’s common stock is at the time of any exercise of a warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under the Securities Act, the Company, at its option, may require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Private Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Warrants and the common stock issuable upon the exercise of the Private Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.

Additionally, the Placement Warrants will be non-redeemable so long as they are held by the Sponsor, Cantor or their permitted transferees. If the Placement Warrants are held by someone other than the Sponsor, Cantor or their permitted transferees, the Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. In addition, for as long as the Placement Warrants are held by Cantor or its designees or affiliates, they may not be exercised after five years from the effective date of the registration statement for the Initial Public Offering

The Company may redeem the Public Warrants (except as described above with respect to the Placement Warrants):

●

in whole and not in part;

●

at a price of $0.01 per warrant;

●

upon a minimum of 30 days’ prior written notice of redemption;

●

if, and only if, the last sale price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders; and

●

if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement.

The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION [Abstract]

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION

NOTE 12 — STOCKHOLDER’S EQUITY AND SHARE-BASED COMPENSATION

Successor Company

Common Stock

At December 31, 2017, the Successor Company was authorized to issue 1,000 shares of common stock and had 10 shares of common stock issued and outstanding at $0.01 par value per share. The holders of the shares are entitled to one vote per share on all matters to be voted on by the stockholders of the INC. Each holder is entitled to share equally, share for share, dividends declared, as well as any distributions to the stockholders, and in the event of the INC’s liquidation, dissolution or winding up, is entitled to share ratably in any remaining assets after payment of or provision for liabilities. All shares are held by Intermex Holdings II, Inc, which is a wholly-owned subsidiary of Interwire LLC, a company formed for the sole purpose of funding the Stella Point acquisition (see Note 3). To fund the acquisition, Interwire LLC authorized and issued 520,000 and 124,100 Class A units for $52,000,000 and $12,410,000, respectively, to Stella Point and other minority stockholders. In addition, Interwire LLC issued Class B, C and D units to employees of the Company. As these units are issued to the Company’s employees, the expense is recorded by the Company and Interwire LLC’s incentive units are described below.

Dividend Distributions

During the Successor period from February 1, 2017 through December 31, 2017, the Company distributed $20,178,000 in cash dividends to its stockholder. The dividends were distributed out of the cash proceeds from the new term loan in 2017 discussed in Note 8 and were recorded as a reduction to additional paid-in capital.

Incentive Units

In connection with the Stella Point acquisition (see Note 3), effective February 1, 2017, Interwire LLC issued Class B, C and D incentive units to employees of the Company. Incentive units were issued as compensation for the performance of services to the Company, and no capital contributions were required to be made by the employees in connection with the issuance of these units. These incentive units have no voting rights, and in the event any incentive units are forfeited, they are added back into the pool of authorized units.

Incentive units authorized and issued during the Successor period from February 1, 2017 through December 31, 2017 consisted of the following:

Incentive Units	Authorized		Units Issued February 2017		Units Issued September 2017
Class B		10,000,000		9,055,000		665,000
Class C		5,000,000		4,527,500		332,500
Class D		5,000,000		4,527,500		332,500

Authorized but unissued incentive units of each unit class are reserved for issuance at the discretion of the Interwire LLC Board of Directors. Interwire LLC has the option to repurchase the incentive units at fair value or a discount depending on whether the employee terminates with or without good reason. However, at December 31, 2017 of the Successor period, no liability was recorded for these repurchase options as none of the liability criteria in the share-based compensation guidance were met.

The grant date fair value of the incentive units was calculated using the Monte Carlo Simulation. This approach derives the fair value of the incentive units based on certain assumptions related to expected volatility, expected term, risk-free interest rate and dividend yield. Expected volatilities are based on observed volatilities of similar publicly-traded companies, and the expected term is based on a formula that considers the vesting terms and the original contract term of the incentive unit awards. The risk-free rate is based on the U.S. Treasury yield curve, and the selected dividend yield assumption is determined in view of Interwire LLC’s historical and estimated dividend payout. The following are the assumptions used in calculating the fair value of the units at the grant date:

	Period from February 1, 2017, to December 31, 2017
Expected dividend yield		0	%
Expected volatility		46.9	%
Risk-free interest rate		2.1	%
Expected term (in years)		6.0

The grant date fair value per unit for each class of incentive unit for the Successor period from February 1, 2017 to December 31, 2017 were as follows:

Incentive Units	Per Unit Amount February 2017 Issuance		Per Unit Amount September 2017 Issuance
Class B	$	0.4872	$	0.4948
Class C	$	0.2077	$	0.2126
Class D	$	0.1485	$	0.1535

Class B incentive units vest 20% on the grant date, and an additional 20% on each anniversary thereafter, until fully vested after the fourth anniversary date. The fair value of the Class B awards is expensed ratably over a four-year service period. Compensation expense associated with the Class B incentive units recognized for the Successor period from February 1, 2017 through December 31, 2017 was $1,845,943 and is included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income with an offset to additional paid in capital in the consolidated balance sheet. There were no related tax benefits recognized by the Company.

The Class C and D incentive units vest only after each unit class has achieved certain distribution thresholds, which are at the discretion of the Interwire LLC Board of Directors. Therefore, these incentive units are considered performance-based awards that do not start to vest until the performance conditions are probable of being achieved. The performance conditions related to the Class C and D units were not considered probable of being achieved in the Successor period, and therefore, no compensation expense was recognized, and there was no vesting.

At December 31, 2017, the unrecognized compensation expense related to the incentive units was $2,895,047, $1,010,852 and $723,439 for Classes B, C, and D, respectively.

During the Successor period from February 1, 2017 through December 31, 2017, the number of units and the weighted-average grant date fair value for the incentive units are as follows:

	Number of Class B Units			Weighted- Average Grant Date Fair Value		Number of Class C Units			Weighted- Average Grant Date Fair Value		Number of Class D Units			Weighted- Average Grant Date Fair Value
Granted during Successor Period		9,720,000		$	0.4878		4,860,000		$	0.2080		4,860,000		$	0.1489
Vested		(1,944,000	)		0.4878		—			—		—			—
Forfeited		(304,000	)		0.4872		(190,000	)		0.2077		(190,000	)		0.1485
Outstanding at December 31, 2017		7,472,000		$	0.4879		4,670,000		$	0.2080		4,670,000		$	0.1489

Predecessor Company

Common Stock

At December 31, 2016, the Predecessor Company was authorized to issue 200,000,000 shares of common stock, $0.01 par value per share, and had 81,879,165 shares of common stock issued and outstanding. In connection with the acquisition by Stella Point (see Note 3), all the common stock outstanding was either exchanged by equity holders for cash or rolled over into equity of Interwire LLC.

Dividend Distributions

During the Predecessor years ended December 31, 2016 and December 31, 2015, the INC distributed $1,286,995 and $18,144,839, respectively, in cash dividends to its stockholders. The dividends were distributed from cash proceeds of its term loan. No dividend was distributed during the Predecessor period from January 1, 2017 through January 31, 2017.

Stock Incentive Plan

With the consent of the INC’s stockholders and Board of Directors, effective January 11, 2012, the INC established the Intermex Holding, Inc. Stock Incentive Plan, (the “Stock Incentive Plan” or “Plan”). The Plan provided for the issuance of 22,275,000 stock options or restricted shares (par value $0.01 per share). A committee established under the Plan (the “Committee”) determined the officers and employees of the Company to whom awards were granted. All shares provided under the Plan related to shares of common stock of the INC. Shares to be optioned and sold were made available from either authorized, but unissued common stock of the INC, or common stock held by the INC in its treasury. Awards issued under the Stock Incentive Plan consisted of restricted stock grants and stock options.

Restricted Stock Grants

During 2012, 12,625,005 restricted shares were issued to certain employees of the Company, with 25% vesting as of the grant date and a further 15% vesting on June 30, 2012 through June 30, 2016. On September 23, 2013, 1,402,776 additional restricted shares were issued to the CEO of the INC, with 20% vesting on September 23^rd of every year for the next five years until September 23, 2018. There were no additional restricted stock grants issued subsequent to September 23, 2013.

The fair value of the restricted shares granted on January 11, 2012 amounted to $0.0060 per share, which was calculated by performing a valuation of the INC’s total equity as of the grant date using income and market-based approaches. These approaches derive the fair value of restricted shares based on certain assumptions related to expected stock price volatility, expected term, risk-free interest rate and dividend yield. Expected volatilities were based on observed volatility of similar publicly-traded companies, and the expected term was based on a formula that considers the vesting terms and the original contract term of the restricted shares. The risk-free rate was based on a U.S. Treasury yield and the selected dividend yield assumption was determined in view of the INC’s historical and estimated dividend payout. The fair value of the restricted shares granted on September 23, 2013 amounted to $0.1838 per share, which was determined using a recently traded stock transaction.

Upon the change of control resulting from the Stella Point acquisition, effective February 1, 2017, all vesting was accelerated for the restricted stock grants and $103,405 was recognized as compensation expense and included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income in the Predecessor period from January 1, 2017 through January 31, 2017. The INC recognized $62,563 and $62,839 of compensation expense, included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income, over the employee service period for the years ended December 31, 2016 and 2015, respectively. There was no related tax benefit recognized by the INC for any of the periods presented in the consolidated financial statements. No compensation expense related to restricted stock grants was recognized in the Successor period from February 1, 2017 through December 31, 2017.

Stock Options

On September 23, 2013 and December 16, 2013, 4,348,610 and 701,338, options to purchase common stock were issued, respectively, to certain employees of the Company under the Stock Incentive Plan. The exercise price of the stock options was determined by the plan Committee but could not be less than 100% of the fair market value per share of the common stock on the date the option was granted by the Committee. The options issued on September 23, 2013 and December 16, 2013 were assigned an exercise price of $0.1838 and $0.2726 per share, respectively, an amount which the Committee determined was the fair market value of the shares. During 2016, pursuant to consent by the Committee, the exercise price was reduced to $0.05 and $0.14 per share, respectively. The options only vest upon a change of control event, therefore, the reduction in exercise price had no impact on the Company’s financial statements in 2016 since the vesting criteria had not been met. The issued options were “nonqualified stock options.” There were no stock options granted under the Plan subsequent to December 16, 2013.

The INC used the Black-Scholes option-pricing model to determine the fair value of stock options on the date of grant. This model derives the fair value of stock options based on certain assumptions related to expected stock price volatility, expected option life, risk-free interest rate and dividend yield. The INC’s expected volatility is based on a blend of the historical and implied volatility of similar market participants’ stock price over the most recent period commensurate with the expected term of the stock option award. The estimated expected option life is based on a formula that considers the vesting terms and the original contract term of the stock option awards. The risk-free interest rate assumption is based upon the U.S. Treasury yield curve appropriate for the estimated life of the INC’s stock options awards and the selected dividend yield assumption was determined in view of the INC’s historical and estimated dividend payout.

Upon the change of control resulting from the Stella Point acquisition, effective February 1, 2017, all stock options outstanding became fully vested and all were exercised, and the INC recognized $2,812,919 of compensation expense in the Predecessor period from January 1, 2017 through January 31, 2017 included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income. The INC will be allowed a tax deduction on its 2017 income tax return for the compensation expense recognized for these options that became fully vested. The INC recognized no compensation expense related to the stock options for the Predecessor years ended December 31, 2016 and 2015 as no vesting criteria had been met during those years. Additionally, there was no related tax benefits recognized by the INC in the Predecessor years ended December 31, 2016 and 2015.

No options were granted during all the periods presented in the consolidated financial statements. During the Predecessor year ended December 31, 2016, 175,347 options were forfeited. No options were forfeited during the Predecessor period from January 1, 2017 through January 31, 2017 and Predecessor year ended December 31, 2015. At December 31, 2016, there were 4,874,511 nonvested options outstanding with a weighted average exercise price of $0.20. No options were outstanding after the change of control discussed above resulting from the Stella Point acquisition.

INCOME TAXES

12 Months Ended

Dec. 31, 2017

INCOME TAXES

8. INCOME TAX

Information for the year ended December 31, 2016 and for the period from May 28, 2015 (inception) through December 31, 2015 is not presented as it is deemed to be not material.

The Company’s net deferred tax assets are as follows:

	December 31, 2017
Deferred tax asset
Organizational costs/Startup expenses	$	216,951
Total deferred tax assets		216,951
Valuation allowance		(216,951	)
Deferred tax asset, net of allowance	$	—

The income tax provision consists of the following:

	Year Ended December 31, 2017
Federal
Current	$	436,721
Deferred		(216,951	)

State
Current	$	—
Deferred		—
Change in valuation allowance		216,951
Income tax provision	$	436,721

As of December 31, 2017, the Company had no U.S. federal and state net operating loss carryovers (“NOLs”) available to offset future taxable income. In accordance with Section 382 of the Internal Revenue Code, deductibility of the Company’s NOLs may be subject to an annual limitation in the event of a change in control as defined under the regulations.

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the year ended December 31, 2017, the change in the valuation allowance was $216,951.

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2017 is as follows:

	Year Ended December 31, 2017
Statutory federal income tax rate		34.0	%
State taxes, net of federal tax benefit		0.0	%
Deferred tax rate change		53.4	%
Change in valuation allowance		86.3	%
Income tax provision		173.7	%

The Company files income tax returns in the U.S. federal jurisdiction and in various state and local jurisdictions and is subject to examination by the various taxing authorities. The Company considers Pennsylvania to be a significant state tax jurisdiction.

COMMITMENTS AND CONTINGENCIES [Abstract]

INCOME TAXES

NOTE 13 — INCOME TAXES

The provision for income taxes consists of the following:

	Successor Company			Predecessor Company
	Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
							(as Restated)			(as Restated)
Current tax provision:
Foreign	$	164,126		$	10,977		$	184,058		$	143,954
Federal		329			1			180,654			76,204
Total Current		164,455			10,978			364,712			220,158

Deferred tax provision (benefit):
Federal		595,682			(1,791,686	)		4,537,301			3,492,740
State		(225,735	)		(422,665	)		(818,358	)		478,745
Total deferred		369,947			(2,214,351	)		3,718,943			3,971,485
Total tax provision (benefit)	$	534,402		$	(2,203,373	)	$	4,083,655		$	4,191,643

A reconciliation between the tax provision (benefit) at the US statutory tax rate to the Company’s tax provision (benefit) on the consolidated statements of operations and comprehensive (loss) income is below:

	Successor Company			Predecessor Company
	Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
							(as Restated)			(as Restated)
(Loss) income before income taxes	$	(9,639,051	)	$	(5,521,794	)	$	13,483,681		$	9,949,467
US statutory tax rate		34	%		34	%		34	%		34	%
Income tax (benefit) expense at statutory rate		(3,277,277	)		(1,877,410	)		4,584,452			3,382,819

State tax expense (benefit), net of federal		(182,027	)		(278,657	)		574,478			338,818
Foreign tax rates different from US statutory rate		94,688			(45,631	)		124,107			50,267
Non-deductible expenses		3,309,549			409			(58,494	)		6,772
Change in tax rate		604,153			—			(1,070,363	)		405,866
Other		(14,684	)		(2,084	)		(70,525	)		7,101
Total tax provision (benefit)	$	534,402		$	(2,203,373	)	$	4,083,655		$	4,191,643

The tax provision recognized in the Successor period from February 1, 2017 through December 31, 2017 was impacted by non-deductible expenses, including equity compensation and transaction costs. As explained in detail below, the effective tax rate for the Successor period from February 1, 2017 through December 31, 2017 is also affected by a reduction in the corporate tax rate from 34% to 21% as a result of the Act. For the Predecessor years ended December 31, 2016 and 2015, the Company recorded an income tax (benefit) expense of ($1,070,363) and $405,866, respectively, as a result of changes to the blended state tax rate. The Company is subject to tax in various U.S. state jurisdictions. Changes in the annual allocation and apportionment of the Company’s activity amongst these state jurisdictions results in changes to the blended state rate utilized to measure the Company’s deferred tax assets and liabilities.

The tax effect of temporary differences, which give rise to deferred tax assets and deferred tax liabilities at December 31 is as follows:

	Successor Company 2017			Predecessor Company 2016
Deferred tax assets:
Net operating losses	$	10,582,599		$	14,793,711
Allowance for doubtful accounts		211,926			239,789
Deferred rent		—			15,553
Intangibles		—			11,499,513
Transaction costs		532,651			770,220
Alternative minimum tax credit		272,186			271,937
Depreciation		—			141,021
Other		72,321			126,621
Total deferred tax assets		11,671,683			27,858,365

Deferred tax liabilities:
Depreciation		(500,343	)		—
Intangibles		(9,422,486	)		—
Other		—			(42,253	)
Total deferred tax liabilities		(9,922,829	)		(42,253	)
Net deferred tax (liability) asset	$	1,748,854		$	27,816,112

At December 31, 2017 of the Successor period, the Company had Federal and State net operating loss carryforwards of approximately $39,753,000 and $46,535,000, respectively, which are available to reduce future taxable income. With few exceptions, these net operating loss carryforwards will expire from 2029 through 2037. On February 1, 2017, the Company was acquired by Stella Point, which was considered a change of ownership under Internal Revenue Code Section 382. After the change of ownership, utilization of the Company’s net operating loss carryforwards is now subject to an annual limitation. The Company has recorded a deferred tax asset for only the portion of its net operating loss carryforward that it expects to realize before expiration. In December 2017, the Company entered into a definitive merger agreement with FinTech (see Note 15), which could also result in a change of ownership under Internal Revenue Code Section 382. Utilization of the Company’s net operating loss and credit carryforwards may be subject to substantial limitation due to the ownership change, which may result in expiration of these tax attributes.

In accordance with criteria under FASB ASC 740, Income Taxes, a valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. After consideration of all evidence, both positive and negative, management has determined that no valuation allowance is required at December 31, 2017 of the Successor period and at December 31, 2016 of the Predecessor period.

On December 22, 2017, the United States enacted tax reform legislation known as the H.R.1, commonly referred to as the “Tax Cuts and Jobs Act” (the “Act”), resulting in significant modifications to existing law. Due to the timing of the Act and the complexity involved in applying the provisions of the Act, the Company made a reasonable estimate of the effects and recorded provisional amounts for the Successor period from February 1, 2017 through December 31, 2017, which include a reduction in the corporate tax rate from 34% to 21% as well as other changes. As a result of the changes to tax laws and tax rates under the Act, the Company has recorded a provisional one-time increase in income tax expense of $656,000 for the Successor period from February 1, 2017 through December 31, 2017, which consists primarily of the remeasurement of deferred tax assets and liabilities from 34% to 21%. The Company does not expect to incur a liability related to the one-time deemed repatriation transition tax on unrepatriated foreign earnings, as its foreign subsidiaries have a combined accumulated deficit at December 31, 2017 of the Successor period.

As the Company collects and prepares necessary data, and interprets the Act and any additional guidance issued by the U.S. Treasury Department, the IRS, and other standard-setting bodies, the Company may make adjustments to the provisional amounts. Those adjustments may materially impact the provision for income taxes and effective tax rate in the period in which the adjustments are made. The accounting for the tax effects of the Act will be completed in 2018. Provisional amounts for the income tax effect of the Act have been recorded as of December 31, 2017 and are subject to change during 2018.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2017

COMMITMENTS AND CONTINGENCIES

6. COMMITMENTS AND CONTINGENCIES

Registration Rights

Pursuant to a registration rights agreement entered into on January 19, 2017, the holders of the Founder Shares, Placement Units (including any securities contained therein) and the warrants that may be issued upon conversion of the Working Capital Loans (and any shares of common stock issuable upon the exercise of the Placement Warrants or the warrants issued upon conversion of the Working Capital Loans) are entitled to registration rights. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters a 45-day option to purchase up to 2,295,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price, less the underwriting discounts and commissions. On January 25, 2017, the underwriters exercised their over-allotment option to purchase 2,200,000 Units at a purchase price of $10.00 per Unit and waived the remaining portion of the over-allotment option to purchase up to 95,000 Units.

The underwriters were paid a cash underwriting discount of two percent (2.0%) of the gross proceeds of the Initial Public Offering, or $3,060,000. In addition, the underwriters are entitled to a deferred fee of (i) five percent (5.0%) of the gross proceeds of the Initial Public Offering, excluding any amounts raised pursuant to the overallotment option, and (ii) seven percent (7.0%) of the gross proceeds of the Units sold in the Initial Public Offering pursuant to the overallotment option, or an aggregate of $9,190,000. The deferred fee will be paid in cash upon the closing of a Business Combination from the amounts held in the Trust Account, subject to the terms of the underwriting agreement.

Deferred Legal Fees

The Company is obligated to pay its attorneys a deferred legal fee of $25,000 upon consummation of a Business Combination or dissolution of the Company if a Business Combination is not completed within the Combination Period. Accordingly, the Company has recorded $25,000 as deferred legal fees payable in the accompanying consolidated balance sheet at December 31, 2017.

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 14 — COMMITMENTS AND CONTINGENCIES

Litigation

The Company is subject to legal proceedings and claims that have arisen in the ordinary course of its business and have not been finally adjudicated. Although there can be no assurance as to the ultimate disposition of these matters, it is the opinion of the Company’s management, based upon the information available at this time, that the expected outcome of these matters, both individually or in the aggregate, will not have a material adverse effect on either the results of operations or financial condition of the Company.

Leases

The Company is party to office leases requiring aggregate monthly payments of $143,565. Several of the leases are on a month-to-month basis. Rent expense under all operating leases, included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income, amounted to $1,605,715 for the Successor period from February 1, 2017 through December 31, 2017, and $135,636, $1,495,526 and $1,332,388 for the Predecessor periods from January 1, 2017 through January 31, 2017 and years ended December 31, 2016 and 2015, respectively.

Future minimum rental payments required under operating leases that have non-cancelable lease terms in excess of one year at December 31, 2017 are as follows:

2018	$	1,389,126
2019		1,152,447
2020		772,735
2021		108,496
Thereafter		6,645
Total future minimum payments	$	3,429,449

Contingencies

The Company operates in 49 states and two territories. Money transmitters and their agents are under regulation by State and Federal laws. Violations may result in civil or criminal penalties or a prohibition from providing money transfer services in a particular jurisdiction. It is the opinion of the Company’s management, based on information available at this time, that the expected outcome of regulatory matters will not have a material adverse effect on either the results of operations or financial condition of the Company.

MERGER AGREEMENT AND MERGER ANNOUNCEMENT	12 Months Ended
MERGER AGREEMENT AND MERGER ANNOUNCEMENT	Dec. 31, 2017
MERGER AGREEMENT AND MERGER ANNOUNCEMENT [Abstract]
MERGER AGREEMENT AND MERGER ANNOUNCEMENT	10. MERGER AGREEMENT On December 19, 2017, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Merger Sub 1, Merger Sub 2 (together with Merger Sub 1, the “Merger Subs”), Intermex and SPC Intermex Representative LLC (the “Representative”), which provides for the acquisition of Intermex by the Company pursuant to the proposed merger of Merger Sub 1 with and into Intermex with Intermex continuing as the initial surviving entity (the “First Merger”), immediately following which the initial surviving entity will be merged (the “Second Merger,” and together with the First Merger, the “Merger”) with and into Merger Sub 2, with Merger Sub 2 continuing as the surviving entity and a direct wholly owned subsidiary of the Company. As a result of the Merger, each outstanding share of Intermex common stock (“Intermex Common Stock”) will convert into the right to receive a combination of cash and shares of the Company’s common stock, as calculated pursuant to the terms of the Merger Agreement. Pursuant to the Merger Agreement, the aggregate consideration to be paid by the Company in the Merger will consist of (i) $92,000,000 in cash ($2,000,000 of which will be placed in escrow at closing as security for working capital adjustments), (ii) approximately $161,000,000 in shares of the Company’s common stock, subject to adjustment in accordance with the terms of the Merger Agreement, and (iii) an amount (as determined in accordance with the Merger Agreement) equal to any excess cash at Intermex at the time of the closing in the form of cash or additional shares of the Company’s common stock, at the option of the Company, subject to certain limited exceptions. The cash consideration will be funded from the cash held in the Company’s Trust Account after permitted redemptions. Each of Intermex, the Company and the Merger Subs have made representations, warranties and covenants in the Merger Agreement that are customary for transactions of this nature. The representations and warranties of the Company, the Merger Subs and Intermex will not survive the closing of the Merger. Consummation of the transactions contemplated by the Merger Agreement is subject to customary conditions of the respective parties, including, among others, that (i) the Merger be approved by the Company’s stockholders and Intermex’s stockholder; (ii) there has been no material adverse effect with respect to Intermex or the Company since the date of the Merger Agreement; (iii) the organizational documents of the Company will be amended and restated as described in the Merger Agreement; (iv ) the parties will have received certain governmental consents and authorizations to the Merger; (v) all applicable waiting periods and any extensions thereof under applicable antitrust, competition or similar laws will have expired or been terminated; and (vi) the Company will have at least $125,000,000 in its Trust Account as of the closing, after giving effect to the redemption of public shares by the Company’s public stockholders and the payment of deferred underwriting fees. The Merger Agreement provides that, upon consummation of the Merger, the Company will enter into a registration rights agreement and a shareholders agreement. Concurrently with the execution of the Merger Agreement, the Company, Intermex and certain existing Company stockholders entered into a Voting Agreement (the “Voting Agreement”). Pursuant to the Voting Agreement, the stockholders party thereto have agreed to, among other things, vote all of the shares of the Company’s common stock held by such stockholders (i) in favor of the adoption of the Merger Agreement and approval of the Merger and the other transactions contemplated by the Merger Agreement; (ii) against any actions that would result in a breach by the Company of any obligations contained in the Merger Agreement; (iii) in favor of the proposals set forth in the Company’s preliminary proxy statement/prospectus (and definitive proxy statement/prospectus, when available) to be filed with the SEC relating to the Merger; and (iv) against alternative proposals or transactions to the Merger. The Voting Agreement generally prohibits the stockholders party thereto from transferring, or permitting to exist any liens on, their shares of the Company’s common stock prior to the consummation of the Merger. The Voting Agreement will automatically terminate upon the first to occur of (i) the closing of the Merger and (ii) the termination of the Merger Agreement in accordance with its terms.
Intermex Holdings, Inc. and Subsidiaries [Member]
MERGER AGREEMENT AND MERGER ANNOUNCEMENT [Abstract]
MERGER AGREEMENT AND MERGER ANNOUNCEMENT	NOTE 15 — MERGER ANNOUNCEMENT FinTech Merger On December 19, 2017, Intermex Holdings II, Inc., the sole stockholder of the INC, entered into a definitive merger agreement with FinTech Acquisition Corp. II (“FinTech”), an entity listed on the Nasdaq Capital Market (NASDAQ), whereby FinTech will acquire the Company and will be renamed International Money Express, Inc. The merged company is expected to continue to be listed on NASDAQ. The aggregate consideration in the merger will consist of (i) $92,000,000 in cash ($2,000,000 of which will be placed in escrow at closing as security for working capital adjustments), (ii) approximately $161,000,000 in shares of FinTech’s common stock, subject to an adjustment in accordance with the terms of the merger agreement, and (iii) an amount equal to any excess cash at the Company at the time of the closing in the form of cash or additional shares of the FinTech’s common stock, at the option of the FinTech, subject to certain limited exceptions. The cash consideration will be funded from the cash held in FinTech’s Trust Account after permitted redemptions. The merger is expected to close in the second quarter of 2018, pending money transfer license approvals, FinTech stockholder approval and other customary closing conditions.

INITIAL PUBLIC OFFERING	12 Months Ended
INITIAL PUBLIC OFFERING	Dec. 31, 2017
INITIAL PUBLIC OFFERING [Abstract]
INITIAL PUBLIC OFFERING	3. INITIAL PUBLIC OFFERING On January 25, 2017, the Company sold 17,500,000 Units at a purchase price of $10.00 per Unit, which included a partial exercise by the underwriters of their over-allotment option in the amount of 2,200,000 Units at $10.00 per Unit. Each Unit consists of one share of the Company’s common stock and one-half of one whole warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 7). No fractional Public Warrants were issued upon separation of the Units and only whole Public Warrants trade.

PRIVATE PLACEMENT	12 Months Ended
PRIVATE PLACEMENT	Dec. 31, 2017
PRIVATE PLACEMENT [Abstract]
PRIVATE PLACEMENT	4. PRIVATE PLACEMENT Simultaneous with the Initial Public Offering, the Sponsor and Cantor purchased an aggregate of 420,000 Placement Units (390,000 Placement Units by the Sponsor and 30,000 Placement Units by Cantor) at a price of $10.00 per Unit (or an aggregate purchase price of $4,200,000). Each Placement Unit consists of one share of common stock (“Placement Share”) and one-half of one warrant (each, a “Placement Warrant”) to purchase one share of the Company’s common stock exercisable at $11.50. The proceeds from the Placement Units and the proceeds from the Initial Public Offering totaling $175,000,000 are held in the Trust Account. There will be no redemption rights or liquidating distributions from the Trust Account with respect to the Placement Shares or Placement Warrants. The Placement Units and their component securities are the same as the public units and their component securities except that they may not be transferable, assignable or salable until 30 days after the consummation of an initial Business Combination, subject to certain limited exceptions.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2017
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS The Company evaluates subsequent events and transactions that occur after the consolidated balance sheet date up to the date that the consolidated financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated financial statements. In January 2018, the Company withdrew $562,554 from interest earned on the Trust Account to pay franchise and income taxes payable.
Intermex Holdings, Inc. and Subsidiaries [Member]
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS The INC has evaluated subsequent events through March 26, 2018, which is the date these consolidated financial statements were available to be issued. The INC is not aware of any other subsequent events which would require recognition or disclosure in the consolidated financial statements other than those already disclosed.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basis of Presentation

Basis of presentation

Principles of Consolidation

Emerging growth company

Use of Estimates

Use of estimates

Cash and Cash Equivalents

Cash and cash equivalents

Cash and Marketable Securities Held in Trust Account

Cash and marketable securities held in Trust Account

At December 31, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.

Common Stock Subject to Possible Redemption

Common stock subject to possible redemption

Offering Costs

Offering costs

Net Loss Per Common Share

Net loss per common share

Concentration of Credit Risk

Concentration of credit risk

Income Taxes

Income taxes

Fair Value of Financial Instruments

Fair value of financial instruments

Recently Issued Accounting Standards

Recently issued accounting standards

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Reclassifications

Use of Estimates

Estimates

Cash and Cash Equivalents

Cash

Concentration of Credit Risk

	Successor Company 2017		Predecessor Company 2016
Cash in U.S. dollars in U.S. banks	$	55,375,471	$	34,437,494
Cash in foreign banks and foreign currency		3,774,454		3,159,019
Petty cash		5,693		4,583
	$	59,155,618	$	37,601,096

Revenue Recognition

Business Combinations

Accounts Receivable and Allowance for Doubtful Accounts

Prepaid Expenses and Other Assets

Property and Equipment

Goodwill and Other Intangible Assets

Impairment of Long-Lived Assets

Debt Issuance Costs

Advertising Costs

Income Taxes

Foreign subsidiaries of the Company are subject to taxes by local tax authorities.

Foreign Currency Translation

Derivatives Instruments

Derivative Instruments

Comprehensive (Loss) Income

Share-Based Compensation

Segments

Recently Issued Accounting Standards

Accounting Pronouncements

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS [Abstract]

Impact of Restatements on Consolidated Financial Statements

The following tables summarize the impact of these restatements on the Company’s consolidated financial statements:

a.	Consolidated Balance Sheet

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax		As Restated
Balance at December 31, 2016 (Predecessor Company)
Intangible assets, net	$	8,508,502		$	(2,160,868	)	$	—	$	6,347,634
Deferred tax asset, net	$	26,979,233		$	836,879		$	—	$	27,816,112
Total assets	$	120,097,941		$	(1,323,989	)	$	—	$	118,773,952
Accumulated deficit	$	(66,226,984	)	$	(1,323,989	)	$	—	$	(67,550,973	)
Total stockholder's equity		4,582,532		$	(1,323,989	)	$	—	$	3,258,543

b.	Consolidated Statements of Operations and Comprehensive (Loss) Income

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax			As Restated
For the year ended December 31, 2016 (Predecessor Company)
Depreciation and amortization	$	4,341,933		$	(1,811,599	)	$	—		$	2,530,334
Provision for income tax expense	$	3,382,044		$	701,611		$	—		$	4,083,655
Net income	$	8,290,038		$	1,109,988		$	—		$	9,400,026
Comprehensive income	$	8,399,958		$	1,109,988		$	—		$	9,509,946

For the year ended December 31, 2015 (Predecessor Company)
Depreciation and amortization	$	4,296,041		$	(1,842,587	)	$	—		$	2,453,454
Provision for income tax (benefit) expense	$	(9,491,201	)	$	713,612		$	12,969,232		$	4,191,643
Net income	$	17,598,081		$	1,128,975		$	(12,969,232	)	$	5,757,824
Comprehensive income	$	17,541,499		$	1,128,975		$	(12,969,232	)	$	5,701,242

c.	Consolidated Statements of Changes in Stockholder’s Equity

	Impact of Correction of Errors
	As			Adjustments
		previously reported		Amortization			Deferred Tax		As Restated
Balance at December 31, 2014 (Predecessor Company)
Accumulated deficit	$	(92,115,103	)	$	(3,562,952	)	$	12,969,232	$	(82,708,823	)
Total stockholder’s equity	$	42,587,357		$	(3,562,952	)	$	12,969,232	$	51,993,637

Balance at December 31, 2015 (Predecessor Company)
Accumulated deficit	$	(74,517,022	)	$	(2,433,977	)	$	—	$	(76,950,999	)
Total stockholder’s equity	$	31,407,006		$	(2,433,977	)	$	—	$	28,973,029

Balance at December 31, 2016 (Predecessor Company)
Accumulated deficit	$	(66,226,984	)	$	(1,323,989	)	$	—	$	(67,550,973	)
Total stockholder’s equity	$	4,582,532		$	(1,323,989	)	$	—	$	3,258,543

d.	Consolidated Statements of Cash Flows

	Impact of Correction of Errors
	As			Adjustments
	previously reported			Amortization			Deferred Tax			As Restated
For the year ended December 31, 2016 (Predecessor Company)
Net income	$	8,290,038		$	1,109,988		$	—		$	9,400,026
Depreciation and amortization	$	4,341,933		$	(1,811,599	)	$	—		$	2,530,334
Deferred taxes	$	3,017,332		$	701,611		$	—		$	3,718,943
Net cash provided by operating activities	$	22,395,778		$	—		$	—		$	22,395,778

For the year ended December 31, 2015 (Predecessor Company)
Net income	$	17,598,081		$	1,128,975		$	(12,969,232	)	$	5,757,824
Depreciation and amortization	$	4,296,041		$	(1,842,587	)	$	—		$	2,453,454
Deferred taxes	$	(9,711,359	)	$	713,612		$	12,969,232		$	3,971,485
Net cash provided by operating activities	$	4,465,445		$	—		$	—		$	4,465,445

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Concentration of Credit Risk

The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash balances were as follows at December 31:

	Successor Company 2017		Predecessor Company 2016
Cash in U.S. dollars in U.S. banks	$	55,375,471	$	34,437,494
Cash in foreign banks and foreign currency		3,774,454		3,159,019
Petty cash		5,693		4,583
	$	59,155,618	$	37,601,096

ACQUISITION BY STELLA POINT (Tables)

12 Months Ended

Dec. 31, 2017

ACQUISITION BY STELLA POINT [Abstract]

Net Assets Acquired

	Successor Company
Cash	$	43,064,931
Accounts receivables		27,183,489
Prepaid and other current assets		560,934
Property and equipment		6,328,146
Other assets		1,345,562
Total tangible assets acquired		78,483,062
Intangible assets acquired		62,660,000
Deferred tax asset, net		2,118,801
Less: Liabilities assumed		(115,111,529	)
Net assets		28,150,334

Goodwill		36,259,666
Total purchase price	$	64,410,000

NOTES RECEIVABLE (Tables) - Intermex Holdings, Inc. and Subsidiaries [Member]

12 Months Ended

Dec. 31, 2017

NOTES RECEIVABLE [Abstract]

Notes Receivable from Agents

The Company had notes receivable from agents at December 31 as follows:

		Successor Company 2017			Predecessor Company 2016
Notes receivable, current	$	740,068		$	525,440
Allowance		(434,210	)		(313,696	)
Net current	$	305,858		$	211,744

Notes receivable, long-term		608,396			444,981
Allowance		(248,432	)		(209,259	)
Net long-term	$	359,964		$	235,722

Maturities of Notes Receivable

The maturities of notes receivable at December 31, 2017 for the Successor Company is as follows:

	Unpaid Principal Balance
Under 1 year	$	740,068
Between 1 and 2 years		564,516
Between 2 and 3 years		43,880
Total	$	1,348,464

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2017

PROPERTY AND EQUIPMENT, NET [Abstract]

Property and Equipment

Property and equipment at December 31 consists of the following:

	Successor Company 2017			Predecessor Company 2016			Estimated Useful Lives (in Years)
Computer software and equipment	$	9,153,855		$	13,057,313		3 to 5
Office improvements		798,130			1,526,350			5
Furniture and fixtures		303,400			1,078,267			7
		10,255,385			15,661,930
Less: Accumulated depreciation		(1,764,591	)		(9,415,483	)
	$	8,490,794		$	6,246,447

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) - Intermex Holdings, Inc. and Subsidiaries [Member]

12 Months Ended

Dec. 31, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Gross Carrying Amounts and Accumulated Amortization for Goodwill and Other Intangible Assets

The gross carrying amount and accumulated amortization at December 31 for goodwill and other intangible assets are as follows:

	Successor Company 2017			Predecessor Company 2016
				As Restated
Indefinite lives:
Goodwill	$	36,259,666		$	—
Trade name		—			5,300,000
Total indefinite lives		36,259,666			5,300,000
Amortizable:
Agent relationships		40,500,000			29,200,000
Trade name		15,500,000
Developed technology		6,600,000			—
Other intangibles		699,689			1,430,224
Accumulated amortization expense		(14,558,657	)		(29,582,590	)
Net amortizable intangibles		48,741,032			1,047,634
Total goodwill and other intangible assets	$	85,000,698		$	6,347,634

Changes in Goodwill and Other Intangible Assets

The following table presents the changes in goodwill and other intangible assets:

	Goodwill		Other Intangibles
Predecessor Company
Balance at December 31, 2014, as restated	$	—	$	8,119,749
Amortization expense, as restated		—		(1,184,897	)
Effect of exchange rate changes		—		(1,067	)
Balance at December 31, 2015, as restated	$	—	$	6,933,785
Acquisition of agent locations		—		342,876
Amortization expense, as restated		—		(928,945	)
Effect of exchange rate changes		—		(82	)
Balance at December 31, 2016, as restated	$	—	$	6,347,634
Amortization expense		—		(230,663	)
Balance at January 31, 2017	$	—	$	6,116,971

	Goodwill		Other Intangibles
Successor Company
Balance at February 1, 2017	$	36,259,666	$	62,660,000
Acquisition of agent locations		—		639,689
Amortization expense		—		(14,558,657	)
Balance at December 31, 2017	$	36,259,666	$	48,741,032

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets for the next five years and thereafter is as follows for the Successor Company:

2018	$	12,458,705
2019		9,320,428
2020		6,902,482
2021		5,112,601
2022		3,952,547
Thereafter		10,994,269
	$	48,741,032

ACCRUED AND OTHER LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

ACCRUED AND OTHER LIABILITIES [Abstract]

Accrued and Other Liabilities

Accrued and other liabilities at December 31 consisted of the following:

	Successor Company 2017		Predecessor Company 2016
Payables to agents	$	6,875,416	$	4,879,360
Compensation accruals		1,092,460		870,856
Accruals for taxes		318,792		163,843
Accrued interest		—		676,806
Other		3,227,781		3,296,070
	$	11,514,449	$	9,886,935

DEBT (Tables) - Intermex Holdings, Inc. and Subsidiaries [Member]

12 Months Ended

Dec. 31, 2017

DEBT [Abstract]

Debt Instruments

Debt at December 31 consisted of the following:

	Successor Company 2017			Predecessor Company 2016
Revolving credit facility	$	20,000,000		$	10,000,000
Term loan		95,787,500			70,000,000
		115,787,500			80,000,000
Less: Current portion of long term debt⁽¹⁾		(3,913,436	)		(849,809	)
Less: Debt issuance costs		(4,347,602	)		(1,967,380	)
	$	107,526,462		$	77,182,811

(1)	Current portion of long term debt is net of debt issuance costs of $936,564 at December 31, 2017 of the Successor period and $462,691 at December 31, 2016 of the Predecessor period.

Annual Maturities of Term Loan

The scheduled annual maturities of the term loan at December 31, 2017 of the Successor period are as follows:

2018	$	4,850,000
2019		6,062,500
2020		9,700,000
2021		9,700,000
2022		65,475,000
	$	95,787,500

Gross Holding Gains and Fair Value of Held-to-maturity

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2017

FAIR VALUE MEASUREMENTS [Abstract]

The gross holding gains and fair value of held-to-maturity securities at December 31, 2017 and 2016 were as follows:

	Held-To-Maturity	Amortized Cost		Gross Holding Losses			Fair Value
December 31, 2017	U.S. Treasury Securities (Mature on 1/18/2018)	$	175,877,136	$	(80,806	)	$	175,796,330

December 31, 2016		$	—	$	—		$	—

Assets Measured at Fair Value on Recurring Basis

Description	Level		December 31, 2017		December 31, 2016
Assets:
Cash and marketable securities held in Trust Account		1	$	175,883,186	$	—

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION [Abstract]

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION (Tables) - Intermex Holdings, Inc. and Subsidiaries [Member]

12 Months Ended

Dec. 31, 2017

Incentive Units Authorized and Issued

Incentive units authorized and issued during the Successor period from February 1, 2017 through December 31, 2017 consisted of the following:

Incentive Units	Authorized		Units Issued February 2017		Units Issued September 2017
Class B		10,000,000		9,055,000		665,000
Class C		5,000,000		4,527,500		332,500
Class D		5,000,000		4,527,500		332,500

Assumptions Used in Calculating Fair Value

The following are the assumptions used in calculating the fair value of the units at the grant date:

	Period from February 1, 2017, to December 31, 2017
Expected dividend yield		0	%
Expected volatility		46.9	%
Risk-free interest rate		2.1	%
Expected term (in years)		6.0

Grant Date Fair Value Per Unit for Each Class of Incentive Unit

The grant date fair value per unit for each class of incentive unit for the Successor period from February 1, 2017 to December 31, 2017 were as follows:

Incentive Units	Per Unit Amount February 2017 Issuance		Per Unit Amount September 2017 Issuance
Class B	$	0.4872	$	0.4948
Class C	$	0.2077	$	0.2126
Class D	$	0.1485	$	0.1535

Number of Units and Weighted-average Grant Date Fair Value

During the Successor period from February 1, 2017 through December 31, 2017, the number of units and the weighted-average grant date fair value for the incentive units are as follows:

	Number of Class B Units			Weighted- Average Grant Date Fair Value		Number of Class C Units			Weighted- Average Grant Date Fair Value		Number of Class D Units			Weighted- Average Grant Date Fair Value
Granted during Successor Period		9,720,000		$	0.4878		4,860,000		$	0.2080		4,860,000		$	0.1489
Vested		(1,944,000	)		0.4878		—			—		—			—
Forfeited		(304,000	)		0.4872		(190,000	)		0.2077		(190,000	)		0.1485
Outstanding at December 31, 2017		7,472,000		$	0.4879		4,670,000		$	0.2080		4,670,000		$	0.1489

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Provision for Income Taxes

The income tax provision consists of the following:

	Year Ended December 31, 2017
Federal
Current	$	436,721
Deferred		(216,951	)

State
Current	$	—
Deferred		—
Change in valuation allowance		216,951
Income tax provision	$	436,721

Reconciliation of Federal Income Tax Rate to Effective Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2017 is as follows:

	Year Ended December 31, 2017
Statutory federal income tax rate		34.0	%
State taxes, net of federal tax benefit		0.0	%
Deferred tax rate change		53.4	%
Change in valuation allowance		86.3	%
Income tax provision		173.7	%

Deferred Tax Assets (Liabilities)

The Company’s net deferred tax assets are as follows:

	December 31, 2017
Deferred tax asset
Organizational costs/Startup expenses	$	216,951
Total deferred tax assets		216,951
Valuation allowance		(216,951	)
Deferred tax asset, net of allowance	$	—

Provision for Income Taxes

The provision for income taxes consists of the following:

	Successor Company			Predecessor Company
	Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
							(as Restated)			(as Restated)
Current tax provision:
Foreign	$	164,126		$	10,977		$	184,058		$	143,954
Federal		329			1			180,654			76,204
Total Current		164,455			10,978			364,712			220,158

Deferred tax provision (benefit):
Federal		595,682			(1,791,686	)		4,537,301			3,492,740
State		(225,735	)		(422,665	)		(818,358	)		478,745
Total deferred		369,947			(2,214,351	)		3,718,943			3,971,485
Total tax provision (benefit)	$	534,402		$	(2,203,373	)	$	4,083,655		$	4,191,643

Reconciliation of Federal Income Tax Rate to Effective Tax Rate

	Successor Company			Predecessor Company
	Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
							(as Restated)			(as Restated)
(Loss) income before income taxes	$	(9,639,051	)	$	(5,521,794	)	$	13,483,681		$	9,949,467
US statutory tax rate		34	%		34	%		34	%		34	%
Income tax (benefit) expense at statutory rate		(3,277,277	)		(1,877,410	)		4,584,452			3,382,819

State tax expense (benefit), net of federal		(182,027	)		(278,657	)		574,478			338,818
Foreign tax rates different from US statutory rate		94,688			(45,631	)		124,107			50,267
Non-deductible expenses		3,309,549			409			(58,494	)		6,772
Change in tax rate		604,153			—			(1,070,363	)		405,866
Other		(14,684	)		(2,084	)		(70,525	)		7,101
Total tax provision (benefit)	$	534,402		$	(2,203,373	)	$	4,083,655		$	4,191,643

Deferred Tax Assets (Liabilities)

The tax effect of temporary differences, which give rise to deferred tax assets and deferred tax liabilities at December 31 is as follows:

	Successor Company 2017			Predecessor Company 2016
Deferred tax assets:
Net operating losses	$	10,582,599		$	14,793,711
Allowance for doubtful accounts		211,926			239,789
Deferred rent		—			15,553
Intangibles		—			11,499,513
Transaction costs		532,651			770,220
Alternative minimum tax credit		272,186			271,937
Depreciation		—			141,021
Other		72,321			126,621
Total deferred tax assets		11,671,683			27,858,365

Deferred tax liabilities:
Depreciation		(500,343	)		—
Intangibles		(9,422,486	)		—
Other		—			(42,253	)
Total deferred tax liabilities		(9,922,829	)		(42,253	)
Net deferred tax (liability) asset	$	1,748,854		$	27,816,112

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2017

COMMITMENTS AND CONTINGENCIES [Abstract]

Future Minimum Rental Payments

Future minimum rental payments required under operating leases that have non-cancelable lease terms in excess of one year at December 31, 2017 are as follows:

2018	$	1,389,126
2019		1,152,447
2020		772,735
2021		108,496
Thereafter		6,645
Total future minimum payments	$	3,429,449

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, Intermex Holdings, Inc. and Subsidiaries (Details) - USD ($)		1 Months Ended	7 Months Ended	11 Months Ended	12 Months Ended
	Feb. 01, 2017	Jan. 31, 2017	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Detail of Noncontrolling Interest [Abstract]
Provision (benefit) for income taxes			$ 0		$ (436,721)	$ 0
Intermex Holdings, Inc. and Subsidiaries [Member]
Detail of Noncontrolling Interest [Abstract]
Non-controlling interest in portion of profit or (loss)				$ 3,053
Non-controlling interest asset				6,813	$ 6,813
Provision (benefit) for income taxes	$ 534,402			$ 534,402
Intermex Holdings, Inc. and Subsidiaries [Member] \| Intermex Wire Transfer, LLC [Member]
Detail of Noncontrolling Interest [Abstract]
Ownership percentage				100.00%	100.00%
Intermex Holdings, Inc. and Subsidiaries [Member] \| Intermex Wire Transfer de Guatemala S.A. [Member]
Detail of Noncontrolling Interest [Abstract]
Ownership percentage				99.80%	99.80%
Intermex Holdings, Inc. and Subsidiaries [Member] \| Intermex Transfers de Mexico, S.A. [Member]
Detail of Noncontrolling Interest [Abstract]
Ownership percentage				98.00%	98.00%
Intermex Holdings, Inc. and Subsidiaries [Member] \| Intermex Wire Transfer Corp [Member]
Detail of Noncontrolling Interest [Abstract]
Ownership percentage				98.00%	98.00%
Intermex Holdings, Inc. and Subsidiaries [Member] \| Intermex Wire Transfer II, LLC [Member]
Detail of Noncontrolling Interest [Abstract]
Ownership percentage				100.00%	100.00%
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member]
Detail of Noncontrolling Interest [Abstract]
Non-controlling interest in portion of profit or (loss)		$ 548				3,696	$ 2,458
Non-controlling interest asset						3,134
Provision (benefit) for income taxes		$ (2,203,373)				$ 4,083,655	$ 4,191,643	$ (12,969,232)

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, Impact of Restatements, Intermex Holdings, Inc. and Subsidiaries (Details) - USD ($)		1 Months Ended	7 Months Ended	11 Months Ended	12 Months Ended
	Feb. 01, 2017	Jan. 31, 2017	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 27, 2015
Consolidated Balance Sheet [Abstract]
Total assets				$ 176,259,327	$ 176,259,327	$ 470,536
Accumulated deficit				(189,155)	(189,155)	(3,808)
Total stockholders' equity			$ (2,187)	5,000,008	5,000,008	21,192	$ (2,187)		$ 0
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Provision for income tax (benefit) expense			0		(436,721)	0
Net income			(2,187)		(185,347)	(1,621)
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit				(189,155)	(189,155)	(3,808)
Total Stockholders' Equity			(2,187)	5,000,008	5,000,008	21,192	(2,187)		$ 0
Consolidated Statements of Cash Flows [Abstract]
Net income			(2,187)		(185,347)	(1,621)
Net cash provided by operating activities			(300)		(667,720)	(622)
Intermex Holdings, Inc. and Subsidiaries [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net		$ 62,660,000		48,741,032	48,741,032
Deferred tax asset, net				1,748,854	1,748,854
Total assets				216,052,911	216,052,911
Accumulated deficit				(10,173,453)	(10,173,453)
Total stockholders' equity		64,410,000		35,902,119	35,902,119
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization				16,644,821
Provision for income tax (benefit) expense	$ 534,402			534,402
Net income				(10,173,453)
Comprehensive income				(10,175,824)
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit				(10,173,453)	(10,173,453)
Total Stockholders' Equity		64,410,000		35,902,119	$ 35,902,119
Consolidated Statements of Cash Flows [Abstract]
Net income				(10,173,453)
Depreciation and amortization				16,644,821
Deferred taxes	$ 369,947			369,947
Net cash provided by operating activities				$ 7,416,703
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net		6,116,971	6,933,785			6,347,634	6,933,785	$ 8,119,749
Deferred tax asset, net						27,816,112
Total assets						118,773,952
Accumulated deficit						(67,550,973)
Total stockholders' equity		2,853,993	28,973,029			3,258,543	28,973,029	51,993,637
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization		381,746				2,530,334	2,453,454
Provision for income tax (benefit) expense		(2,203,373)				4,083,655	4,191,643	(12,969,232)
Net income		(3,318,421)				9,400,026	5,757,824
Comprehensive income		(3,320,874)				9,509,946	5,701,242
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit						(67,550,973)
Total Stockholders' Equity		2,853,993	28,973,029			3,258,543	28,973,029	51,993,637
Consolidated Statements of Cash Flows [Abstract]
Net income		(3,318,421)				9,400,026	5,757,824
Depreciation and amortization		381,746				2,530,334	2,453,454
Deferred taxes		(2,214,351)				3,718,943	3,971,485
Net cash provided by operating activities		$ 8,652,067				22,395,778	4,465,445
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member] \| Adjustment Amortization [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net						(2,160,868)
Deferred tax asset, net						836,879
Total assets						(1,323,989)
Accumulated deficit			(2,433,977)			(1,323,989)	(2,433,977)	(3,562,952)
Total stockholders' equity			(2,433,977)			(1,323,989)	(2,433,977)	(3,562,952)
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization						(1,811,599)	(1,842,587)
Provision for income tax (benefit) expense						701,611	713,612
Net income						1,109,988	1,128,975
Comprehensive income						1,109,988	1,128,975
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit			(2,433,977)			(1,323,989)	(2,433,977)	(3,562,952)
Total Stockholders' Equity			(2,433,977)			(1,323,989)	(2,433,977)	(3,562,952)
Consolidated Statements of Cash Flows [Abstract]
Net income						1,109,988	1,128,975
Depreciation and amortization						(1,811,599)	(1,842,587)
Deferred taxes						701,611	713,612
Net cash provided by operating activities						0	0
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member] \| Adjustment Deferred Tax [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net						0
Deferred tax asset, net						0
Total assets						0
Accumulated deficit			0			0	0	12,969,232
Total stockholders' equity			0			0	0	12,969,232
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization						0	0
Provision for income tax (benefit) expense						0	12,969,232
Net income						0	(12,969,232)
Comprehensive income						0	(12,969,232)
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit			0			0	0	12,969,232
Total Stockholders' Equity			0			0	0	12,969,232
Consolidated Statements of Cash Flows [Abstract]
Net income						0	(12,969,232)
Depreciation and amortization						0	0
Deferred taxes						0	12,969,232
Net cash provided by operating activities						0	0
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member] \| As Previously Reported [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net						8,508,502
Deferred tax asset, net						26,979,233
Total assets						120,097,941
Accumulated deficit			(74,517,022)			(66,226,984)	(74,517,022)	(92,115,103)
Total stockholders' equity			31,407,006			4,582,532	31,407,006	42,587,357
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization						4,341,933	4,296,041
Provision for income tax (benefit) expense						3,382,044	(9,491,201)
Net income						8,290,038	17,598,081
Comprehensive income						8,399,958	17,541,499
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit			(74,517,022)			(66,226,984)	(74,517,022)	(92,115,103)
Total Stockholders' Equity			31,407,006			4,582,532	31,407,006	42,587,357
Consolidated Statements of Cash Flows [Abstract]
Net income						8,290,038	17,598,081
Depreciation and amortization						4,341,933	4,296,041
Deferred taxes						3,017,332	(9,711,359)
Net cash provided by operating activities						22,395,778	4,465,445
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor Company [Member] \| As Restated [Member]
Consolidated Balance Sheet [Abstract]
Intangible assets, net						6,347,634
Deferred tax asset, net						27,816,112
Total assets						118,773,952
Accumulated deficit			(76,950,999)			(67,550,973)	(76,950,999)	(82,708,823)
Total stockholders' equity			28,973,029			3,258,543	28,973,029	51,993,637
Consolidated Statements of Operations and Comprehensive (Loss) Income [Abstract]
Depreciation and amortization						2,530,334	2,453,454
Provision for income tax (benefit) expense						4,083,655	4,191,643
Net income						9,400,026	5,757,824
Comprehensive income						9,509,946	5,701,242
Consolidated Statements of Changes in Stockholder's Equity [Abstract]
Accumulated deficit			(76,950,999)			(67,550,973)	(76,950,999)	(82,708,823)
Total Stockholders' Equity			$ 28,973,029			3,258,543	28,973,029	$ 51,993,637
Consolidated Statements of Cash Flows [Abstract]
Net income						9,400,026	5,757,824
Depreciation and amortization						2,530,334	2,453,454
Deferred taxes						3,718,943	3,971,485
Net cash provided by operating activities						$ 22,395,778	$ 4,465,445

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, FINTECH ACQUISITION CORP. II (Details)		7 Months Ended	12 Months Ended
	Jan. 25, 2017 USD ($) $ / shares shares	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) Subsidiary	Dec. 31, 2016 USD ($)
Sale of Stock [Abstract]
Number of wholly owned subsidiaries \| Subsidiary			2
Gross proceeds from private placement		$ 0	$ 4,200,000	$ 0
Transaction costs	$ 12,912,088
Underwriting fees	3,060,000
Deferred underwriting fees payable	9,190,000
Initial public offering cost	662,088
Deferred legal fees	$ 25,000
Percentage of Public Shares the Company may be obligated to redeem if Business Combination not completed	100.00%
Redemption price (in dollars per share) \| $ / shares	$ 10.00
Percentage restriction on redemption of shares	20.00%
Minimum [Member]
Sale of Stock [Abstract]
Percentage of trust account	80.00%
Threshold value of net tangible assets for Business Combinations	$ 5,000,001
Initial Public Offering [Member]
Sale of Stock [Abstract]
Sale of stock, shares (in shares) \| shares	17,500,000
Price per share (in dollars per share) \| $ / shares	$ 10.00
Gross proceeds from initial public offering	$ 175,000,000
Over-allotment Option [Member]
Sale of Stock [Abstract]
Sale of stock, shares (in shares) \| shares	2,200,000
Price per share (in dollars per share) \| $ / shares	$ 10.00
Placement Units [Member]
Sale of Stock [Abstract]
Sale of stock, shares (in shares) \| shares	420,000
Price per share (in dollars per share) \| $ / shares	$ 10.00
Gross proceeds from initial public offering	$ 175,000,000
Gross proceeds from private placement	$ 4,200,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Intermex Holdings, Inc. and Subsidiaries (Details)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017 USD ($)	Dec. 31, 2017 USD ($) Segment	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 19, 2017 USD ($)	May 27, 2015 USD ($)	Dec. 31, 2014 USD ($)
Cash Balances [Abstract]
Cash		$ 362,581	$ 82,614	$ 0		$ 0
Prepaid Expenses and Other Assets [Abstract]
Restricted cash maintained by united states bank and collateral for an irrevocable stand-by letter of credit					$ 2,000,000
Intermex Holdings, Inc. and Subsidiaries [Member]
Concentration of Credit Risk [Abstract]
Amount exceeded of federally insured limits		31,739,808
Cash Balances [Abstract]
Cash in U.S. dollars in U.S. banks		55,375,471
Cash in Foreign Banks and Foreign Currency		3,774,454
Petty cash		5,693
Cash	$ 43,988,585	59,155,618
Prepaid Expenses and Other Assets [Abstract]
Restricted cash maintained by united states bank and collateral for an irrevocable stand-by letter of credit		639,662			$ 2,000,000
Goodwill and Other Intangible Assets [Abstract]
Impairment charges		0
Debt Issuance Costs [Abstract]
Debt issuance cost		4,682,830
Unamortized debt issuance costs is recorded in balance sheets as an offset to related debt		4,347,602
Amortization of debt issuance costs included as a component of interest expenses in statements		335,221
Advertising Costs [Abstract]
Advertising costs		1,653,596
Foreign Currency Translation [Abstract]
(Losses) or gains from foreign currency transactions		$ (17,044)
Segments [Abstract]
Number of reportable segments \| Segment		1
Intermex Holdings, Inc. and Subsidiaries [Member] \| Maximum [Member]
Accounts Receivable and Allowance for Doubtful Accounts [Abstract]
Number of days recorded upon initiation of wire transfer		5 days
Intermex Holdings, Inc. and Subsidiaries [Member] \| Mexico Pesos [Member] \| Forward Foreign Exchange Contract [Member]
Derivative Instruments [Abstract]
Period for forward contracts		5 days
Notional amounts		$ 8,200,000
Intermex Holdings, Inc. and Subsidiaries [Member] \| Guatemala Quetzals [Member] \| Forward Foreign Exchange Contract [Member]
Derivative Instruments [Abstract]
Period for forward contracts		5 days
Notional amounts		$ 8,100,000
Intermex Holdings, Inc. and Subsidiaries [Member] \| Stella Point [Member]
Debt Issuance Costs [Abstract]
Debt issuance cost	1,928,089
Intermex Holdings, Inc. and Subsidiaries [Member] \| Trade Name [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life		15 years
Intermex Holdings, Inc. and Subsidiaries [Member] \| Agent Relationships [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life		15 years
Intermex Holdings, Inc. and Subsidiaries [Member] \| Developed Technology [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life		15 years
Intermex Holdings, Inc. and Subsidiaries [Member] \| Other Intangible Assets [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life		10 years
Intermex Holdings, Inc. and Subsidiaries [Member] \| Computer Software [Member]
Property and Equipment [Abstract]
Estimated useful life		5 years
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member]
Concentration of Credit Risk [Abstract]
Amount exceeded of federally insured limits			22,322,423
Cash Balances [Abstract]
Cash in U.S. dollars in U.S. banks			34,437,494
Cash in Foreign Banks and Foreign Currency			3,159,019
Petty cash			4,583
Cash	43,988,585		37,601,096	18,925,469			$ 19,607,811
Prepaid Expenses and Other Assets [Abstract]
Restricted cash maintained by united states bank and collateral for an irrevocable stand-by letter of credit			639,662
Debt Issuance Costs [Abstract]
Debt issuance cost	0		2,315,992	2,789,288
Unamortized debt issuance costs is recorded in balance sheets as an offset to related debt			1,967,380
Amortization of debt issuance costs included as a component of interest expenses in statements	39,298		2,670,976	741,450
Amortization of debt issuance costs includes the write off of debt issuance costs			2,322,372	274,534
Advertising Costs [Abstract]
Advertising costs	96,404		1,124,210	720,030
Foreign Currency Translation [Abstract]
(Losses) or gains from foreign currency transactions	$ 11,608		1,055	$ 20,948
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member] \| Mexico Pesos [Member] \| Forward Foreign Exchange Contract [Member]
Derivative Instruments [Abstract]
Notional amounts			1,500,000
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member] \| Guatemala Quetzals [Member] \| Forward Foreign Exchange Contract [Member]
Derivative Instruments [Abstract]
Notional amounts			$ 6,850,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, FINTECH ACQUISITION CORP. II (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Common Stock Subject To Possible Redemption [Abstract]
Common stock subject to possible redemption (in shares)	16,112,706
Offering Costs [Abstract]
Offering costs to stockholder's equity	$ 12,912,088
Income Taxes [Abstract]
Unrecognized tax benefits	0	$ 0
Unrecognized tax benefits, accrued for interest and penalties	$ 0	$ 0
Net Loss Per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	8,960,000
Concentration of Credit Risk [Abstract]
Federal depository insurance amount	$ 250,000

ACQUISITION BY STELLA POINT (Details) - USD ($)				1 Months Ended	11 Months Ended	12 Months Ended
ACQUISITION BY STELLA POINT (Details) - USD ($)	Dec. 19, 2017	Feb. 01, 2017	Jan. 25, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Combination, Consideration Transferred [Abstract]
Consideration paid in cash	$ 92,000,000
Consideration paid in equity	161,000,000
Acquisition-Related Costs [Abstract]
Transaction costs			$ 25,000
Intermex Holdings, Inc. and Subsidiaries [Member]
Business Combination, Consideration Transferred [Abstract]
Consideration paid in cash	92,000,000
Consideration paid in equity	$ 161,000,000
Assets Acquired and Liabilities Assumed [Abstract]
Goodwill				$ 36,259,666	$ 36,259,666
Acquisition-Related Costs [Abstract]
Transaction costs					8,705,501
Intermex Holdings, Inc. and Subsidiaries [Member] \| Predecessor [Member]
Assets Acquired and Liabilities Assumed [Abstract]
Goodwill				0		$ 0	$ 0	$ 0
Acquisition-Related Costs [Abstract]
Transaction costs				$ 3,917,188		900,530	1,609,034
Intermex Holdings, Inc. and Subsidiaries [Member] \| Stella Point [Member]
Business Combination, Consideration Transferred [Abstract]
Consideration paid in cash		$ 52,000,000
Consideration paid in equity		12,410,000
Outstanding debt		78,000,000
Additional funding of debt		5,000,000
Contingent consideration		$ 0
Ownership interest acquired				80.70%
Assets Acquired and Liabilities Assumed [Abstract]
Cash				$ 43,064,931
Accounts receivables				27,183,489
Prepaid and other current assets				560,934
Property and equipment				6,328,146
Other assets				1,345,562
Total tangible assets acquired				78,483,062
Intangible assets acquired				62,660,000
Deferred tax asset, net				2,118,801
Less: Liabilities assumed				(115,111,529)
Net assets				28,150,334
Goodwill				36,259,666
Total purchase price				64,410,000
Acquisition-Related Costs [Abstract]
Transaction costs					6,212,602
Intermex Holdings, Inc. and Subsidiaries [Member] \| Stella Point [Member] \| Predecessor [Member]
Acquisition-Related Costs [Abstract]
Transaction costs				$ 3,917,188		$ 900,530	$ 1,609,034
Intermex Holdings, Inc. and Subsidiaries [Member] \| FinTech [Member]
Acquisition-Related Costs [Abstract]
Transaction costs					$ 2,492,899

NOTES RECEIVABLE (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	11 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Notes Receivable from Agents [Abstract]
Notes receivable, current	$ 740,068
Allowance	(434,210)
Net current	305,858
Notes receivable, long-term	608,396
Allowance	(248,432)
Net long-term	359,964
Notes collateralized amount	1,079,364	$ 789,163
Maturities of Notes Receivable [Abstract]
Under 1 year	740,068
Between 1 and 2 years	564,516
Between 2 and 3 years	43,880
Total	$ 1,348,464
Minimum [Member]
Notes Receivable from Agents [Abstract]
Interest rate on notes receivable	0.00%
Maximum [Member]
Notes Receivable from Agents [Abstract]
Interest rate on notes receivable	20.00%
Predecessor Company [Member]
Notes Receivable from Agents [Abstract]
Notes receivable, current		525,440
Allowance		(313,696)
Net current		211,744
Notes receivable, long-term		444,981
Allowance		(209,259)
Net long-term		$ 235,722

PROPERTY AND EQUIPMENT, NET (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross		$ 10,255,385
Less: Accumulated depreciation		(1,764,591)
Property and equipment, net		8,490,794
Estimated Useful Lives [Abstract]
Depreciation expense		2,086,164
Computer Software and Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross		9,153,855
Estimated Useful Lives [Abstract]
Equipment maintained at locations of agents		$ 3,775,950
Computer Software and Equipment [Member] \| Minimum [Member]
Estimated Useful Lives [Abstract]
Estimated useful lives		3 years
Computer Software and Equipment [Member] \| Maximum [Member]
Estimated Useful Lives [Abstract]
Estimated useful lives		5 years
Office Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross		$ 798,130
Estimated Useful Lives [Abstract]
Estimated useful lives		5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross		$ 303,400
Estimated Useful Lives [Abstract]
Estimated useful lives		7 years
Software Development [Member]
Estimated Useful Lives [Abstract]
Equipment maintained at locations of agents		$ 1,303,645
Predecessor Company [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross			$ 15,661,930
Less: Accumulated depreciation			(9,415,483)
Property and equipment, net			6,246,447
Estimated Useful Lives [Abstract]
Depreciation expense	$ 1,561,083		1,601,389	$ 1,268,557
Predecessor Company [Member] \| Computer Software and Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross			13,057,313
Estimated Useful Lives [Abstract]
Equipment maintained at locations of agents			5,197,637
Predecessor Company [Member] \| Office Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross			1,526,350
Predecessor Company [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross			1,078,267
Predecessor Company [Member] \| Software Development [Member]
Estimated Useful Lives [Abstract]
Equipment maintained at locations of agents			$ 2,731,294

GOODWILL AND OTHER INTANGIBLE ASSETS, Goodwill (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	Dec. 31, 2017	Jan. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Indefinite-Lived Intangible Assets [Abstract]
Goodwill	$ 36,259,666	$ 36,259,666
Total indefinite lives	36,259,666
Trade Name [Member]
Indefinite-Lived Intangible Assets [Abstract]
Indefinite-lived intangible assets	$ 0
Predecessor Company [Member]
Indefinite-Lived Intangible Assets [Abstract]
Goodwill		$ 0	$ 0	$ 0	$ 0
Total indefinite lives			5,300,000
Predecessor Company [Member] \| Trade Name [Member]
Indefinite-Lived Intangible Assets [Abstract]
Indefinite-lived intangible assets			$ 5,300,000

GOODWILL AND OTHER INTANGIBLE ASSETS, Other Intangible Assets (Details) - Intermex Holdings, Inc. and Subsidiaries [Member]	11 Months Ended
	Dec. 31, 2017 USD ($) Agent	Dec. 31, 2016 USD ($)
Finite-Lived Intangible Assets [Abstract]
Accumulated amortization expense	$ (14,558,657)
Net amortizable intangibles	48,741,032
Total goodwill and other intangible assets	85,000,698
Agent Relationships [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 40,500,000
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life	15 years
Number of independent agents \| Agent	5,000
Location turnover rate	17.40%
Trade Name [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 15,500,000
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life	15 years
Developed Technology [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 6,600,000
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life	15 years
Number of development years for state-of-the-art system	20 years
Obsolescence rate	18.00%
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 699,689
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life	10 years
Agent Locations [Member]
Finite-Lived Intangible Assets [Abstract]
Net amortizable intangibles	$ 610,859
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life	10 years
Predecessor Company [Member]
Finite-Lived Intangible Assets [Abstract]
Accumulated amortization expense		$ (29,582,590)
Net amortizable intangibles		1,047,634
Total goodwill and other intangible assets		6,347,634
Predecessor Company [Member] \| Agent Relationships [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles		29,200,000
Predecessor Company [Member] \| Developed Technology [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles		0
Predecessor Company [Member] \| Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles		1,430,224
Predecessor Company [Member] \| Agent Locations [Member]
Finite-Lived Intangible Assets [Abstract]
Net amortizable intangibles		$ 691,798

GOODWILL AND OTHER INTANGIBLE ASSETS, Changes in Goodwill (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill, beginning balance		$ 36,259,666
Acquisition of agent locations		0
Amortization expense		0
Goodwill, ending balance	$ 36,259,666	36,259,666
Predecessor Company [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	0	$ 0	$ 0	$ 0
Acquisition of agent locations			0
Amortization expense	0		0	0
Effect of exchange rate changes			0	0
Goodwill, ending balance	$ 0		$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE ASSETS, Changes in Other Intangible Assets (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Intangibles [Roll Forward]
Other intangibles, beginning balance		$ 62,660,000
Acquisition of agent locations		639,689
Amortization expense		(14,558,657)
Other intangibles, ending balance	$ 62,660,000	48,741,032
Predecessor Company [Member]
Other Intangibles [Roll Forward]
Other intangibles, beginning balance	6,347,634	$ 6,116,971	$ 6,933,785	$ 8,119,749
Acquisition of agent locations			342,876
Amortization expense	(230,663)		(928,945)	(1,184,897)
Effect of exchange rate changes			(82)	(1,067)
Other intangibles, ending balance	$ 6,116,971		$ 6,347,634	$ 6,933,785

GOODWILL AND OTHER INTANGIBLE ASSETS, Amortization Expense Related to Intangible Assets (Details) - Intermex Holdings, Inc. and Subsidiaries [Member]	Dec. 31, 2017 USD ($)
Amortization Expense Related to Intangible Assets [Abstract]
2018	$ 12,458,705
2019	9,320,428
2020	6,902,482
2021	5,112,601
2022	3,952,547
Thereafter	10,994,269
Net amortizable intangibles	$ 48,741,032

ACCRUED AND OTHER LIABILITIES (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accrued and other liabilities [Abstract]
Payables to agents	$ 6,875,416
Compensation accruals	1,092,460
Accruals for taxes	318,792
Accrued interest	0
Other	3,227,781
Accrued and other liabilities	$ 11,514,449
Predecessor [Member]
Accrued and other liabilities [Abstract]
Payables to agents		$ 4,879,360
Compensation accruals		870,856
Accruals for taxes		163,843
Accrued interest		676,806
Other		3,296,070
Accrued and other liabilities		$ 9,886,935

DEBT (Details) - Intermex Holdings, Inc. and Subsidiaries [Member] - USD ($)

11 Months Ended

12 Months Ended

Feb. 01, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 18, 2017

Aug. 23, 2017

May 24, 2016

Less: Current portion of long term debt

$ 115,787,500

^[1]

(3,913,436)

Less: Debt issuance costs

(4,347,602)

Long-term debt, noncurrent

107,526,462

Debt issuance costs, current

936,564

MC Credit Partners [Member]

115,787,500

Consent fee

$ 1,000,000

Predecessor [Member]

Less: Current portion of long term debt

$ 80,000,000

^[1]

(849,809)

Less: Debt issuance costs

(1,967,380)

Long-term debt, noncurrent

77,182,811

Debt issuance costs, current

462,691

80,000,000

Term Loan [Member]

95,787,500

Increase in aggregate principal amount

95,787,500

$ 5,000,000

Term Loan [Member] | MC Credit Partners [Member]

$ 95,787,500

10.46%

Aggregate principal amount

Aug. 23, 2022

$ 97,000,000

Frequency of principal payment

Quarterly

Interest rate from December 31, 2017 through September 30, 2019

1.25%

Interest rate from December 31, 2019 and thereafter

2.50%

$ 4,850,000

6,062,500

9,700,000

9,700,000

65,475,000

Prepayment fee percentage

95,787,500

Prepayment of debt

$ 20,000,000

3.00%

Term Loan [Member] | Predecessor [Member]

$ 70,000,000

9.50%

Aggregate principal amount

Mar. 24, 2021

$ 70,000,000

Frequency of principal payment

Quarterly

Periodic principal payment

$ 70,000,000

875,000

Revolving Credit Facility [Member]

$ 20,000,000

Revolving Credit Facility [Member] | MC Credit Partners [Member]

$ 20,000,000

Maximum borrowing capacity

$ 20,000,000

Remaining borrowings available

12.50%

Unused line fee

0.75%

Accrued interest

$ 0

$ 0

Revolving Credit Facility [Member] | Predecessor [Member]

Aug. 23, 2022

Maximum borrowing capacity

$ 10,000,000

$ 10,000,000

Remaining borrowings available

9.50%

Unused line fee

0.50%

$ 0

Mar. 24, 2021