GTY Technology (GTYH) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 07, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Entity Registrant Name	GTY Technology Holdings Inc.
Trading Symbol	GTYHU
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		52,822,635
Entity Central Index Key	0001682325
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 18, 2019	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2018	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED BALANCE SHEETS
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor
Current assets:
Cash and cash equivalents						$ 13,217	$ 16,884
Investments						1,398	0
Accounts receivable, net						5,988	8,732
Prepaid expenses and other current assets						1,250	1,577
Total current assets						21,853	27,193
Property and equipment, net						1,124	2,896
Right of use assets						0	6,154
Loan receivable - related party						177	0
Intangible assets, net						1,564	123,631
Goodwill						2,518	332,976
Other assets						2,332	2,473
Total assets						29,568	495,323
Current liabilities:
Accounts payable and accrued expenses						5,969	5,372
Contract liabilities						11,732	16,151
Notes payable and accrued expenses - related party						0	76
Warrant liability						87	0
Financing lease obligations - current portion						138	547
Lease liability - current portion						0	1,761
Contingent consideration - current portion						0	12,208
Notes payable						450	0
Total current liabilities						18,376	36,115
Contract and other long-term liabilities						3,215	1,596
Deferred rent						62	0
Long-term debt, less current portion						433	0
Deferred tax liability						0	37,089
Financing lease obligations - less current portion						268	953
Lease liability - less current portion						0	4,623
Contingent consideration - less current portion						2,092	55,478
Total liabilities						24,446	135,854
Commitments and contingencies
Preferred stock						42,264	0
Shareholders' equity (deficit):
Common stock, par value $0.0001; 400,000,000 shares authorized; 52,822,633 shares issued and 52,207,635 shares outstanding as of September 30, 2019, net of treasury stock						0	5
Exchangeable shares, no par value, 5,568,096 shares issued and outstanding as of September 30, 2019						0	45,681
Acquired Companies' common stock						148	0
Additional paid in capital						7,835	367,194
Accumulated other comprehensive loss						(174)	261
Treasury stock, at cost, 614,998 shares as of September 30, 2019						0	(5,160)
Accumulated deficit						(44,951)	(48,512)
Total shareholders' equity (deficit)	$ (33,152)		$ (33,152)	$ (31,108)	$ (31,108)		359,469	$ 369,197	$ (22,957)	$ (18,613)
Total liabilities, temporary equity and shareholders' equity (deficit)						$ 29,568	$ 495,323

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)	Sep. 30, 2019$ / sharesshares
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Common Stock, Shares Authorized	400,000,000
Common Stock, Shares, Issued	52,822,633
Common Stock, Shares, Outstanding	52,207,635
Exchangeable Shares Outstanding	5,568,096
Exchangeable Shares Issued	5,568,096
Treasury Stock, Shares	614,998

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended
	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor		Predecessor		Predecessor
Revenues	$ 4,928	$ 8,754	$ 7,617	$ 20,034	$ 21,021
Cost of revenues	1,614	2,583	2,590	7,090	6,862
Gross Profit	3,314	6,171	5,027	12,944	14,159
Operating expenses
Sales and marketing	1,394	3,549	2,329	9,086	5,975
General and administrative	1,744	5,774	3,558	15,804	9,983
Research and development	1,580	3,003	2,463	7,610	6,688
Amortization of intangible assets	32	3,830		9,395	301
Acquisition costs	151	442	1,635	33,191	1,635
Change in fair value of contingent consideration	0	(812)	0	(812)	0
Total operating expenses	4,869	15,786	9,985	74,274	24,281
Loss from operations	(1,555)	(9,615)	(4,958)	(61,330)	(10,122)
Other income (expense)
Interest income (expense)	(170)	(65)	(280)	248	(343)
Loss from repurchase of shares	0	(128)	0	(1,032)	0
Other income (loss)	12	(41)	(488)	141	239
Total other expense, net	(158)	(234)	(768)	(643)	(104)
Net loss before income taxes	(1,713)	(9,849)	(5,726)	(61,973)	(10,226)
Benefit from (provision for) income taxes	0	1,149	(658)	2,819	(658)
Net loss	(1,713)	(8,700)	(6,384)	(59,154)	(10,884)
Other comprehensive loss
Foreign currency translation gain	0	75		261
Total other comprehensive loss	0	75	0	261	0
Comprehensive loss	(1,713)	(8,625)	(6,384)	(58,893)	(10,884)
Cumulative preferred stock dividends	0	0	(336)	0	(857)
Deemed dividend for Exchangable Shares - Series C	0	0	0	(183)	0
Deemed dividend on Series Seed preferred stock	0	0	(37)	0	(37)
Net loss applicable to common shareholders	$ (1,713)	$ (8,700)	$ (6,757)	$ (59,337)	$ (11,778)
Net loss per share, basic and diluted	$ 0	$ (0.17)	$ 0	$ (1.18)	$ 0
Weighted average common shares outstanding, basic and diluted	0	52,148,047	0	50,316,808	0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Class A [Member]	Common Class B [Member]	Exchange Shares - Series C [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]	Acumulated Other Comprehensive income [Member]	Total
Financial Designation, Predecessor and Successor [Fixed List]									Predecessor
Balance at Dec. 31, 2017									$ (18,613)
Net loss									(10,884)
Exchangable shares converted to Common Stock									0
Share-based compensation									670
Shareholders'/Members' equity activity									(2,222)
Balance at Sep. 30, 2018									$ (31,108)
Financial Designation, Predecessor and Successor [Fixed List]									Predecessor
Balance at Dec. 31, 2017									$ (18,613)
Balance at Dec. 31, 2018	$ 0	$ 1	$ 0	$ 0	$ 0	$ 0	$ 9,920	$ 0
Balance (in shares) at Dec. 31, 2018	898,984	13,568,821	0	0
Financial Designation, Predecessor and Successor [Fixed List]									Predecessor
Balance at Jun. 30, 2018									$ (22,957)
Net loss									(6,384)
Share-based compensation									627
Shareholders'/Members' equity activity									(2,335)
Balance at Sep. 30, 2018									$ (31,108)
Financial Designation, Predecessor and Successor [Fixed List]									Predecessor
Balance at Dec. 31, 2018	$ 0	$ 1	$ 0	$ 0	0	0	9,920	0
Net loss									$ (1,713)
Exchangable shares converted to Common Stock									0
Share-based compensation									61
Stock option exercises									13
Currency translation gain (loss)									0
Shareholders'/Members' equity activity									5,629
Balance at Feb. 18, 2019									(33,152)
Balance at Dec. 31, 2018	$ 0	$ 1	$ 0	$ 0	0	0	9,920	0
Balance (in shares) at Dec. 31, 2018	898,984	13,568,821	0	0
Net loss	$ 0	$ 0	$ 0	$ 0	0		(59,154)		(59,154)
Common Stock issued for Exchangeable Shares - Class C	0	0	0	$ 0	3,860		0		3,860
Common Stock issued for Exchangeable Shares - Class C (in shares)				500,000
Ordinary shares no longer subject to possible redemption	$ 1	$ 0	$ 0	$ 0	88,190		722		88,913
Ordinary shares no longer subject to possible redemption (in shares)	9,216,438	0	0	0
Exchange of shares in GTY Merger	$ (3)	$ (1)	$ 0	$ 4	0		0
Exchange of shares in GTY Merger (in shares)	(22,978,520)	(13,568,821)	0	36,547,341
Private placement of Class A shares, net of costs	$ 2	$ 0	$ 0	$ 0	125,256		0		125,258
Private placement of Class A shares, net of costs (in shares)	12,863,098	0	0	0
Common stock issued for acquisitions	$ 0	$ 0	$ 0	$ 1	119,688	0	0	0	119,689
Common stock issued for acquisitions (in shares)	0	0	0	11,969,004
Common Stock repurchases	$ 0	$ 0	$ 0	$ 0	0	5,160	0		5,160
Common Stock repurchases (in shares)				(614,998)
Shares convertible into Common Stock issued for acquisitions	$ 0	$ 0	$ 47,617	$ 0	0	0	0	0	47,617
Shares convertible into Common Stock issued for acquisitions (in shares)	0	0	5,761,741	0
Exchangable shares converted to Common Stock	$ 0	$ 0	$ (1,936)	$ 0	1,936		0
Exchangable shares converted to Common Stock (in shares)	0	0	(193,645)	193,645
Share-based compensation	$ 0	$ 0	$ 0	$ 0	2,867		0		2,867
Private placement of Common Stock, net of costs	0	0	0	$ 0	25,450		0		25,450
Private placement of Common Stock, net of costs (in shares)				3,500,000
Stock option exercises	$ 0	$ 0	$ 0	$ 0	130		0		130
Stock option exercises (in shares)	0	0	0	112,643
Currency translation gain (loss)	$ 0	$ 0	$ 0	$ 0	0		0	261	261
Deemed dividend for Exchangeable Shares - Class C	0	0	0	0	(183)	0	0	0	(183)
Balance at Sep. 30, 2019	$ 0	$ 0	$ 45,681	$ 5	367,194	(5,160)	(48,512)	261	359,469
Balance (in shares) at Sep. 30, 2019	0	0	5,568,096	52,207,635
Balance at Feb. 18, 2019									(33,152)
Net loss									$ (59,154)
Stock option exercises (in shares)									112,643
Currency translation gain (loss)									$ 261
Balance at Sep. 30, 2019	$ 0	$ 0	$ 45,681	$ 5	367,194	(5,160)	(48,512)	261	359,469
Balance (in shares) at Sep. 30, 2019	0	0	5,568,096	52,207,635
Balance at Jun. 30, 2019			$ 47,617	$ 5	364,614	(3,413)	(39,812)	186	369,197
Balance (in shares) at Jun. 30, 2019			5,761,741	52,155,614
Net loss							(8,700)		(8,700)
Common Stock repurchases						1,747			$ 1,747
Measurement period adjustment to Common Stock issued for acquisitions (in shares)				(4,150)					4,150
Measurement period adjustment to Common Stock issued for acquisitions					(42)				$ (42)
Common Stock repurchases (in shares)				(250,000)
Exchangable shares converted to Common Stock			$ (1,936)		1,936
Exchangable shares converted to Common Stock (in shares)			(193,645)	193,645
Share-based compensation					556				556
Stock option exercises					130				130
Stock option exercises (in shares)				112,526
Currency translation gain (loss)								75	75
Balance at Sep. 30, 2019	$ 0	$ 0	$ 45,681	$ 5	$ 367,194	$ (5,160)	$ (48,512)	$ 261	$ 359,469
Balance (in shares) at Sep. 30, 2019	0	0	5,568,096	52,207,635

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended		7 Months Ended		9 Months Ended		12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor	Predecessor		Predecessor				Predecessor	Predecessor
Cash flows from operating activities:
Net loss			$ (1,713)			$ (59,154)			$ (10,884)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property and equipment			177			329			480
Amortization of intangible assets			32	$ 3,830		9,395	$ 9,395		301
Amortization of right of use assets			165			861			0
Share-based compensation			61			2,867			647
Deferred income tax benefit			0			(2,819)			47
Bad debt expense			6			20			16
Loss on disposal of property and equipment			0			2			157
Foreign exchange loss on payment of vested options			0			21			0
Change in fair value of contingent consideration			(37)			(812)			(46)
Change in fair value of warrant liability			(18)			0			39
Gain on sale of marketable securities			0			0			(3)
Accrual of Paid In Kind interest			0			0			12
Repayments of Paid In Kind interest			0			0			(23)
Change in fair value of notes payable converted to stock			0			0			1,387
Interest expense from notes payable converted to stock			0			0			160
Change in fair value of put options			0			0			(99)
Changes in operating assets and liabilities:
Accounts receivable			2,190			(4,789)			(642)
Prepaid expenses and other assets			202			(150)			(615)
Accounts payable and accrued liabilities			(58)			(6,202)			2,676
Contract and other long-term liabilities			(723)			11,402			2,445
Lease liabilities			0			(814)			0
Net cash (used in) provided by operating activities			284			(49,843)			(3,945)
Cash flows from investing activities:
Proceeds from cash held in trust			0			217,642			0
Proceeds from sale of property and equipment			1			0			1
Purchase of marketable securities			0			0			(180)
Proceeds from related party loan			0			0			(25)
Proceeds from the sales of marketable securities			1,531			0			563
Payment of internal use software			0			(793)			0
Acquisitions, net of cash acquired			0			(179,423)			0
Capital expenditures			(15)			(196)			(333)
Net cash provided by investing activities			1,517			37,230			26
Cash flows from financing activities:
Proceeds from borrowings			35			0			6,231
Repayments of borrowings			(69)			(585)			(729)
Stock options exercised			13			130			23
Contingent consideration payments			0			0			(50)
Shareholder advances			0			0			0
Proceeds from issuances of predeccsor preferred shares			0			0			9,960
Member distribution			500			0			859
Dividends			0			0			(924)
Borrowings issuance cost			0			0			(24)
Deferred cash payment for acquisitions			0			0			(150)
Common stock repurchases			0			(5,160)			0
Redemption of Class A ordinary shares			0			(113,982)			0
Redemption of Exchangable Shares - Class C			0			(1,323)			0
Proceeds received from private placement of Class A shares, net of costs			0			125,258			0
Proceeds received from private placement of Common Stock, net of costs			0			25,450			0
Repayments of finance lease obligations			(19)			(259)			(110)
Net cash provided by (used in) financing activities			(540)			29,529			13,368
Effect of foreign currency on cash			(721)			(84)			(488)
Net change in cash and cash equivalents			540			16,832			8,961
Cash and cash equivalents, beginning of period		$ 13,929	13,929			52	14,469	$ 13,929	12,441	$ 12,441
Cash and cash equivalents, end of period	$ 14,469		14,469	$ 16,884	$ 21,402	16,884	$ 16,884	$ 16,884	21,402	$ 13,929
Supplemental disclosure of cash flow information:
Cash paid for interest			0			0			0
Cash paid for income taxes			0			0			0
Noncash Investing Activity:
Shares issued for the Acquisition			0			172,307			0
Reduction in convertible note liability			0			1,000			0
Exchangable shares converted to Common Stock			0			1,936			0
Capital leases			$ 0			$ 2,714			$ 0

Organization and Business Opera

Organization and Business Operations	9 Months Ended
	Sep. 30, 2019
Organization and Business Operations
Organization and Business Operations	Note 1. Organization and Business Operations GTY Technology Holdings Inc. (f/k/a GTY Govtech, Inc.), a Massachusetts corporation (“GTY”, the “Company” or “Successor”), is headquartered in Las Vegas, Nevada. On February 19, 2019 (the “Closing Date”), the Company consummated several acquisitions (collectively, the “Acquisition”), pursuant to which it (i) acquired each of Bonfire Interactive Ltd. (“Bonfire”), CityBase, Inc. (“CityBase”), eCivis Inc. (“eCivis”), Open Counter Enterprises Inc. (“Open Counter”), Questica Inc. and Questica USCDN Inc. (together, “Questica”) and Sherpa Government Solutions LLC (“Sherpa” and together with Bonfire, CityBase, eCivis, Open Counter and Questica, the “Acquired Companies”) and (ii) became the parent company of its predecessor entity, GTY Technology Holdings Inc., a blank check company incorporated in the Cayman Islands (“GTY Cayman”). Until the Acquisition, GTY Cayman did not engage in any operations nor generate any revenues. In connection with the closing of the Acquisition, the Company changed its name from GTY Govtech, Inc. to GTY Technology Holdings Inc. and became a successor issuer to GTY Cayman and continued the listing of its common stock and warrants on the Nasdaq Capital Market (“NASDAQ”) under the symbols “GTYH” and “GTYHW,” respectively. As of June 2019, the Company’s warrants are no longer listed on any exchange. GTY is a public sector SAAS company which offers a cloud-based suite of solutions primarily for North American state and local governments. GTY’s cloud-based suite of solutions for state and local governments addresses functions in procurement, payments, grant management, budgeting and permitting. The following is a brief description of each of the Acquired Companies. Bonfire Bonfire Interactive Ltd. was incorporated on March 5, 2012 under the laws of the Province of Ontario, and its wholly-owned subsidiary, Bonfire Interactive US Ltd., was incorporated in the United States on January 8, 2018. Bonfire is a provider of strategic sourcing and procurement software, serving customers in government, the broader public sector, and various highly-regulated commercial vertical markets. Bonfire offers customers and their sourcing professionals a modern SaaS application that helps find, engage, evaluate, negotiate and award vendor and supplier contracts. Bonfire delivers workflow automation, data collection and analysis, and collaboration to drive cost savings, compliance, and strategic outcomes. All of Bonfire’s applications are delivered as a SaaS offering, and Bonfire offers implementation and premium support services. CityBase CityBase, a Delaware corporation headquartered in Chicago, provides dynamic content, digital services, and integrated payments via a SaaS platform that includes technological functionality accessible via web and mobile, kiosk, point-of-sale, and other channels. CityBase software integrates its platform to underlying systems of record, billing, and other source systems, and configures payments and digital services to meet the requirements of its customers, which include government agencies and utility companies. eCivis eCivis, a Delaware corporation headquartered in Los Angeles, California, is a leading SaaS provider of grants management and indirect cost reimbursement solutions that enable its customers to standardize and streamline complex grant processes in a fully integrated platform. The eCivis platform consists of four core cloud-based products including grants research, grants management, sub-recipient management, and cost allocation and recovery. To assist its customers in the implementation of its cloud-based products, eCivis offers one-time implementation services, including data integration, grants migration and change management. Additionally, eCivis provides ongoing grants management training, cost allocation plan consulting and cost recovery services. Open Counter Open Counter, a Delaware corporation headquartered in San Francisco, California, is a developer and provider of software tools for cities to streamline permitting and licensing services for municipal governments. Open Counter provides customers with software through a hosted platform and also provides professional services related to software implementation. Questica Questica, Inc., Questica USCDN Inc., and its wholly-owned subsidiary Questica Ltd., design and develop budgeting software that supports the unique requirements of the public sector. The Questica suite of products are part of a comprehensive web-based budgeting preparation, performance, management and data visualization solution that enables public sector and non-profit organizations to improve and shorten their budgeting cycles. Questica Inc. was organized in 1998 as an Ontario corporation, maintains two offices located in Burlington, Ontario, Canada and serves the healthcare, K-12, higher education and local government verticals primarily in North America. Questica USCDN was organized in 2017 as an Ontario corporation and Questica Ltd. was incorporated in 2017 in the United States as a Delaware corporation. Questica Ltd. is located in Huntington Beach, California, primarily serving the non-profit market and services a limited number of customers in the public and private sector. The majority of the Questica Ltd.’s customers are located in the United States and Canada, and as well as some international customers, primarily located in the United Kingdom and Africa. Sherpa Sherpa is a Colorado limited liability company headquartered in Denver, Colorado, established in 2004. Sherpa is a leading provider of public sector budgeting software and consulting services that help state and local governments create and manage budgets and performance. Customers purchase Sherpa’s software and then engage its consulting services to configure the software and receive training on how to manage the software going forward. Following implementation, customers continue to use the software in exchange for maintenance or subscription fees.

Going Concern and Liquidity

Going Concern and Liquidity	9 Months Ended
	Sep. 30, 2019
Going Concern and Liquidity
Going Concern and Liquidity	Note 2. Going Concern and Liquidity The Company’s condensed consolidated financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the condensed consolidated financial statements, the Company had an accumulated deficit of approximately $48.5 million at September 30, 2019, a net loss of approximately $59.2 million and approximately $49.8 million net cash used in operating activities for the successor period from February 19, 2019 through September 30, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is attempting to further expand its customer base; scale up its production of various products; and increase revenues; however, the Company’s cash position may not be sufficient to support its daily operations through the next twelve months from the date of filing this 10-Q. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional funds by way of a public or private offering and its ability to further generate sufficient revenues. While the Company believes in the viability of its platform and in its ability to raise additional funds by way of a public or private offering, there can be no assurances to that effect. The condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 3. Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information and disclosures normally included in condensed consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. The accompanying condensed consolidated financial statements should be read in conjunction with the Company's audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on March 18, 2019 and the Company’s Current Report Form 8-K/A filed with the SEC on March 18, 2019. Certain reclassifications have been made to conform to current period presentation. The Acquisition was accounted for as a business combination using the acquisition method of accounting. The Company’s financial statement presentation distinguishes the results of operations into two distinct periods: (i) the period before the consummation of the Acquisition, which includes the period from January 1, 2019 to the Closing Date (the “2019 Predecessor Period”), the three and nine months ended September 30, 2018 (the “2018 Predecessor Period”) and (ii) the period after consummation of the Acquisition which includes the period including and after the Closing Date to September 30, 2019 (“2019 Successor Period”), and the three months ended September 30, 2019. The accompanying condensed consolidated financial statements include a black line division which indicates that the Acquired Companies and the Company’s financial information are presented on a different basis and are therefore, not comparable. Determining the fair value of certain assets and liabilities assumed is judgmental in nature and often involves the use of significant estimates and assumptions. See Note 4 – Business Combination for a discussion of the estimated fair values of assets and liabilities recorded in connection with the Acquisition. The historical financial information of GTY Cayman prior to the Acquisition is not being reflected in the Predecessor financial statements as these historical amounts have been determined not to be useful to a user of the financial statements. GTY Cayman’s operations prior to the Acquisition, other than income from the Trust Account (as defined in Note 10. Shareholders’ Equity) investments and transaction expenses, were nominal. The Company believes that Predecessor activities related to investments, intangible assets, stock-based compensation, goodwill, fair value measurements and notes payable were either quantitatively or qualitatively immaterial. Therefore, the Company did not disclose these Predecessor activities in the following unaudited footnotes. Principles of Consolidation The Successor Period condensed consolidated financial statements include all accounts of the Company and its subsidiaries. The Predecessor Period condensed consolidated financial statements include all accounts of the Acquired Companies and the Acquired Companies’ subsidiaries. All material intercompany transactions and balances have been eliminated in the accompanying condensed consolidated financial statements. Segments The Company has six operating segments. The Company’s Chief Executive Officer and Chief Financial Officer, who jointly are the Company’s chief operating decision maker, review financial information for each of the Acquired Companies, together with certain consolidated operating metrics, to make decisions about how to allocate resources and to measure the Company’s performance. See Note 11. Cash and Cash Equivalents The Company considers all highly liquid investments with an original or remaining maturity of three months or less at the date of purchase to be cash equivalents. Cash includes cash held in checking and savings accounts. Cash equivalents are comprised of investments in money market mutual funds. Cash and cash equivalents are recorded at cost, which approximates fair value. Accounts Receivable Accounts receivable consists of amounts due from our customers, which are primarily located throughout the United States and Canada. Accounts receivable are recorded at the invoiced amount, do not require collateral, and do not bear interest. The Company estimates its allowance for doubtful accounts by evaluating specific accounts where information indicates the Company’s customers may have an inability to meet financial obligations, such as bankruptcy and significantly aged receivables outstanding. Uncollectible receivables are written-off in the period management believes it has exhausted every opportunity to collect payment from the customer. Bad debt expense is recorded when events or circumstances indicate an additional allowance is required based on the Company’s specific identification approach. The allowance for doubtful accounts for the Successor as of September 30, 2019 and for the Predecessor as of December 31, 2018 was immaterial. Bad debt expense for all periods presented was immaterial. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents, and accounts receivable. Cash accounts in a financial institution at times may exceed the Federal depository insurance coverage of $250,000. As of September 30, 2019 and December 31, 2018, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Additionally, all Canadian Dollars (“CDN”) institution amounts are covered by Canada Deposit Insurance Corporation, or CDIC insurance. Use of Estimates The preparation of the condensed consolidated financial statements and related disclosures 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 balance sheets and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include revenue recognition, the carrying value of goodwill, the fair value of acquired intangibles, the capitalization of software development costs, and the useful lives intangible assets, stock-based compensation, contingent consideration and the valuation allowance of deferred tax assets resulting from net operating losses. Property and Equipment Property and equipment are recorded at cost. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in the condensed consolidated statement of operations in the period realized. Property, plant and equipment is depreciated using the straight-line method over five (5) to fifteen (15) years. Internal-use software is amortized on a straight-line basis over its estimated useful life or five (5) years. Leasehold improvements are amortized over the shorter of the useful lives or the term of the respective leases. Capitalized Software Costs The Company capitalizes costs incurred during the application development stage related to the development of internal-use software and enterprise cloud computing services. Costs related to preliminary project activities and post-implementation activities are expensed as incurred. For the three months ended September 30, 2019 and the period from February 19, 2019 to September 30, 2019, the Company capitalized $0.2 million and $0.8 million for internal use software, respectively. Intangible Assets (Successor) Intangible assets consist of acquired customer relationships, acquired developed technology, trade names and non-compete agreements which were acquired as part of the Acquisition. The Company determines the appropriate useful life of its intangible assets by performing an analysis of expected cash flows of the acquired assets. Intangible assets are amortized over their estimated useful lives using the straight-line method, which approximates the pattern in which the economic benefits are consumed. Goodwill (Successor) Goodwill represents the excess of the purchase price of an entity over the estimated fair value of the assets acquired and liabilities assumed, and it is presented as Goodwill in the accompanying condensed consolidated balance sheet of the Successor. Under ASC 350, Intangibles – Goodwill and Other (“ASC 350”), goodwill is not amortized but is subject to periodic impairment testing. ASC 350 requires that an entity assign its goodwill to reporting units and test each reporting unit’s goodwill for impairment at least on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. In our evaluation of goodwill for impairment, which will be performed annually during the fourth quarter, we first assess qualitative factors to determine whether the existence of events or circumstances led to a determination that it was more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company is required to perform the quantitative goodwill impairment test. As a result of the Acquisition, the Company acquired goodwill during the Successor Period. There was minimal goodwill prior to the Acquisition. The Company did not identify any significant events or circumstances that would require it to perform an impairment test as of September 30, 2019. As such, there was no impairment recognized during the Successor Period. Business Combinations (Successor) The Company accounts for business acquisitions using the acquisition method of accounting based on Accounting Standards Codification (“ASC”) 805 — Business Combinations, which requires recognition and measurement of all identifiable assets acquired and liabilities assumed at their fair value as of the date control is obtained. The Company determines the fair value of assets acquired and liabilities assumed based upon its best estimates of the acquisition-date fair value of assets acquired and liabilities assumed in the acquisition. Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired. Subsequent adjustments to fair value of any contingent consideration are recorded to the Company’s condensed consolidated statements of operations. Based on the acquisition date and the complexity of the underlying valuation work, certain amounts included in the Company’s condensed consolidated financial statements may be provisional and thus subject to further adjustments within the permitted measurement period, as defined in ASC 805. For the three months ended September 30, 2019, adjustments were made within the permitted measurement period that resulted in (i) an increase in the aggregate consideration of the Acquisition of $0.4 million relating to the settlement of the working capital adjustments, and (ii) the conversion of $0.04 stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor (the “Measurement Period Adjustments). These Measurement Period Adjustments have been reflected as current period adjustments in the three months ended September 30, 2019 in accordance with the guidance in ASU 2015-16 “Business Combinations.” The Measurement Period Adjustments primarily impacted goodwill, with no effect on earnings or cash in the current period. See Note 4. Impairment of long-lived assets The Company reviews long-lived assets, including property and equipment and intangible assets and goodwill for impairment whenever events or changes in business circumstances indicate that the carrying amount of an asset may not be fully recoverable. An impairment loss is recognized when the asset’s carrying value exceeds the total undiscounted cash flows expected from its use and eventual disposition. The amount of the impairment loss is determined as the excess of the carrying value of the asset over its fair value. There were no impairments recorded for all periods presented. Leases Effective January 1, 2019, the Company accounts for its leases under ASC 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases, and are recorded on the condensed consolidated balance sheet as both a right of use asset and a lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease or the Company’s incremental borrowing rate. Lease liabilities are increased by interest and reduced by payments each period, and the right of use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right of use asset results in straight-line rent expense over the lease term. Variable lease expenses are recorded when incurred. In calculating the right of use asset and lease liability, the Company elects to combine lease and non-lease components. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election, and recognizes rent expense on a straight-line basis over the lease term. The Company accounted for leases prior to January 1, 2019 under ASC Topic 840. Fair Value (Successor) The fair value of an asset or liability is the price that would be received to sell an asset or transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value and defines three levels of inputs that may be used to measure fair value . · Level 1 — uses quoted prices in active markets for identical assets or liabilities. · Level 2 — uses observable inputs other than quoted prices in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. · Level 3 — uses one or more significant inputs that are unobservable and supported by little or no market activity, and that reflect the use of significant management judgment. The Company’s only material financial instruments carried at fair value as of September 30, 2019, with changes in fair value flowing through current earnings, consist of contingent consideration liabilities recorded in conjunction with business combinations and are as follows (in thousands): Fair Value Measurement at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable September 30, Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Contingent consideration – current $ 12,208 $ — $ — $ 12,208 Contingent consideration – long term 55,478 — — 55,478 Total liabilities measured at fair value $ 67,686 $ — $ — $ 67,686 There were no transfers made among the three levels in the fair value hierarchy during the period after consummation of the Acquisition, which includes the period including and after the Closing Date to September 30, 2019. The following table presents additional information about Level 3 liabilities measured at fair value. Both observable and unobservable inputs may be used to determine the fair value of positions that the Company has classified within the Level 3 category. As a result, the unrealized gains and losses for liabilities within the Level 3 category may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs. Changes in Level 3 liabilities measured at fair value from February 18, 2019 to September 30, 2019 were as follows (in thousands): Contingent consideration - February 18, 2019 $ 2,685 Fair value of contingent consideration - Bonfire 325 Fair value of contingent consideration - CityBase 48,410 Fair value of contingent consideration - eCivis 5,859 Fair value of contingent consideration - Questica 9,311 Fair value of contingent consideration - Sherpa 1,898 Change in valuation (812) Change due to fluctuation in foreign currency 10 Contingent consideration - September 30, 2019 $ 67,686 The change in valuation was due, in part, to the decreased probabilities of the achievement of certain milestones of some of the acquired entities. The fair value of the Company’s contingent consideration liabilities recorded as part of the Acquisition has been classified within Level 3 in the fair value hierarchy. The contingent consideration represents the estimated fair value of future payments due to the sellers based on each company’s achievement of annual earnings targets in certain years and other events considered in certain transaction documents. The initial fair values of the contingent consideration were calculated through the use of either Monte Carlo simulation or modified Black-Scholes analyses based on earnings projections for the respective earn-out periods, corresponding earnings thresholds, and approximate timing of payments as outlined in the purchase agreements for each of the Acquired Companies. The analyses utilized the following assumptions: (i) expected term; (ii) risk-adjusted net sales or earnings; (iii) risk-free interest rate; and (iv) expected volatility of earnings. Estimated payments, as determined through the respective models, were further discounted by a credit spread assumption to account for credit risk. The contingent consideration is revalued to fair value each period, and any increase or decrease is recorded in operating income (loss). The fair value of the contingent consideration may be impacted by certain unobservable inputs, most significantly with regard to discount rates, expected volatility and historical and projected performance. Significant changes to these inputs in isolation could result in a significantly different fair value measurement. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximates fair value because of the short-term nature of these instruments. The Company measures certain assets at fair value on a non-recurring basis, generally annually or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. These assets include goodwill and other intangible assets. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Foreign Currency Translation and Transactions The assets, liabilities and results of operations of certain consolidated entities are measured using their functional currency, which is the currency of the primary foreign economic environment in which they operate. Upon consolidating these entities with the Company, their assets and liabilities are translated to U.S. dollars at currency exchange rates as of the condensed consolidated balance sheet date and their revenues and expenses are translated at the weighted average currency exchange rates during the applicable reporting periods. Translation adjustments resulting from the process of translating these entities’ condensed consolidated financial statements are reported in accumulated other comprehensive income (loss) in the condensed consolidated balance sheets and total other comprehensive loss on the condensed consolidated statements of operations. Revenue Recognition The Company adopted the Financial Accounting Standards Board (“FASB”) new revenue recognition framework, ASC 606, Revenue from Contracts with Customers (“ASC 606”), on January 1, 2017 using the full retrospective approach. The adoption of this standard did not have a material impact on prior revenue recognition or on opening equity, as the timing and measurement of revenue recognition for the Company is materially the same under ASC 606 as it was under the prior relevant guidance. With the adoption of Topic 606, revenues are recognized upon transfer of control of promised products and services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. If the consideration promised in a contract includes a variable amount, the Company includes an estimate of the amount it expects to receive for the total transaction price if it is probable that a significant reversal of cumulative revenues recognized will not occur. The Company determines the amount of revenues to be recognized through application of the following steps: · Identification of the contract, or contracts with a customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenues when or as the Company satisfies the performance obligations. For contracts where the period between when the Company transfers a promised service to the customer and when the customer pays is one year or less, the Company has elected the practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component. The Company has made a policy election to exclude from the measurement of the transaction price all taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue producing transaction and collected by the Company from a customer. Such taxes may include but are not limited to sales, use, value added and certain excise taxes. Disaggregation of Revenues Successor Predecessor Three Months February 19, 2019 January 1, 2019 Three Months Ended through through Ended Nine Months Ended September 30, 2019 September 30, 2019 February 18, 2019 September 30, 2018 September 30, 2018 Subscriptions, support and maintenance $ 5,920 $ 13,393 $ 3,253 $ 5,156 $ 14,424 Professional services 2,449 5,287 1,269 1,369 4,604 License 344 1,302 383 876 1,672 Asset sales 41 52 23 216 321 Total revenues $ 8,754 $ 20,034 $ 4,928 $ 7,617 $ 21,021 Revenues Subscription, support and maintenance . The Company provides software hosting services that provide customers with access to software related support and updates during the term of the arrangement. Revenues are recognized ratably over the contract term as the customer simultaneously receives and consumes the benefits of the subscription service, as the service is made available to the Company. The first year of subscription fees are typically payable within 30 days after the execution of a contract, and thereafter upon renewal. The Company initially records subscription fees as contract liabilities and recognize revenues on a straight-line basis over the term of the agreement . Our contracts may include variable consideration in the form of usage fees, which are constrained and recognized once the uncertainties associated with the constraint are resolved, which is when usage occurs and the fee is known. Subscription, support and maintenance revenues also includes kiosk rentals and on-premise support or maintenance pertaining to license sales. Revenues from kiosk rentals and on-premise support are recognized on a straight-line basis over the support period. Revenues from subscription, support and maintenance comprised approximately 68% and 67% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period, respectively. Professional services . The Company’s professional services contracts generate revenues on a time and materials, fixed fee or subscription basis. Revenues are recognized as the services are rendered for time and materials contracts. Revenues are recognized when the milestones are achieved and accepted by the customer or on a proportional performance basis for fixed fee contracts. Revenues are recognized ratably over the contract term for subscription contracts. The milestone method for revenue recognition is used when there is substantive uncertainty at the date the contract is entered into whether the milestone will be achieved. Training revenues are recognized as the services are performed. Revenues from professional services comprised approximately 28% and 26% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period, respectively. License . Revenues from distinct licenses are recognized upfront when the software is made available to the customer, which normally coincides with contract execution, as this is when the customer has the risks and rewards of the right to use the software. Revenues from licenses comprised approximately 4% and 6% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period. Asset sales. Revenues from asset sales are recognized when the asset, typically a kiosk, has been received by the client and is fully operational and ready to accept transactions, which is when the customer obtains control and has the risks and rewards of the asset. Asset sales were less than 1% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period. Contract Liabilities Contract liabilities primarily consist of amounts that have been billed to or received from customers in advance of revenue recognition and prepayments received from customers in advance for subscription services to the Company’s SaaS offerings and related implementation and training. The Company recognizes contract liabilities as revenues when the services are performed, and the corresponding revenue recognition criteria are met. The Company receives payments both upfront and over time as services are performed. Customer prepayments are generally applied against invoices issued to customers when services are performed and billed. Contract liabilities are reduced as services are provided and the revenue recognition criteria are met. Contract liabilities that are expected to be recognized as revenues during the succeeding twelve-month period are recorded in current liabilities as contract liabilities, and the remaining portion is recorded in long-term liabilities as contract liabilities, non-current. Revenues of approximately $6.3 million, $2.2 million, and $8.1 million were recognized for the 2019 Successor Period, the 2019 Predecessor Period, and the nine months ended September 30, 2018, respectively, that was included in the contract liabilities balances at the beginning of the respective periods. Cost of revenues Cost of revenues primarily consists of salaries and benefits of personnel relating to our hosting operations and support, implementation, and grants research. Cost of revenues includes data center costs including depreciation of the Company’s data center assets, third-party licensing costs, consulting fees, and the amortization of acquired technology from recent acquisitions. Stock Based Compensation The Company expenses stock-based compensation over the requisite service period based on the estimated grant-date fair value of the awards. Stock-based awards with graded-vesting schedules are recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates, involve inherent uncertainties and the application of management’s judgment. Expected Term — The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term. Expected Volatility — The Company computes stock price volatility over expected terms based on comparable companies’ historical common stock trading prices. Risk-Free Interest Rate — The Company bases the risk-free interest rate on the U.S. Treasuries implied yield with an equivalent remaining term. Expected Dividend — The Company has never declared or paid any cash dividends on common shares and does not plan to pay cash dividends in the foreseeable future, and, therefore, uses an expected dividend yield of zero in valuation models. The following are the assumptions used for the stock option grant on February 19, 2019: Exercise price $ 1.82 Expected term (years) 5.1 Expected stock price volatility 74 % Risk-free rate of interest 2 % In accordance with ASU No. 2016-09, Compensation-Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting, the Company records forfeitures as they occur. Net Loss per Share Net loss per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per common share is computed similar to basic net income per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock. Due to the net loss for the Successor Period, diluted and basic loss per share are the same. Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at September 30, 2019 are as follows: Warrants to purchase common stock 27,093,334 Unvested restricted stock units 944,962 Options to purchase common stock 278,623 Total 28,316,919 Income Taxes Deferred income taxes are provided for the tax effects of temporary differences between (i) the carrying amounts of assets and liabilities for financial reporting purposes and (ii) the amounts used for income tax purposes and operating loss carryforwards and credits using enacted tax rates expected to be in effect in the years in which the differences are expected to reverse. The Company assesses the likelihood that deferred tax assets will be realized and recognizes a valuation allowance if it is more likely than not that some portion of the deferred tax assets will not be realized. This assessment requires judgment as to the likelihood and amounts of future taxable income by tax jurisdiction. To date, the Company has provided a full valuation allowance against its deferred tax assets as it believes the objective and verifiable evidence of its historical pretax net losses outweighs any positive evidence of its forecasted future results. Although the Company believes that its tax estimates are reasonable, the ultimate tax determination involves significant judgment that is subject to audit by tax authorities in the ordinary course of business. The Company will continue to monitor the positive and negative evidence, and it will adjust the valuation allowance as sufficient objective positive or negative evidence becomes available. No tax related impact was recorded in the financial statements as a result of the adoption of ASU No. 2016-09. The Company evaluates its uncertain tax positions based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized. Potential interest and penalties associated with any uncertain tax positions are recorded as a component of income tax expense. Through September 30, 2019, the Company has not identified any material uncertain tax positions for which liabilities would be required to be recorded. As a result of the Acquisition, a temporary difference between the book fair value and tax basis for the assets acquired of $39.9 million was created, resulting in a deferred tax liability and additional goodwill. The following is a rollforward of the Company’s deferred tax liability from February 19, 2019 to September 30, 2019 (in thousan

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2019
Business Combination
Business Combination	Note 4. Business Combination Successor Business Combination On February 19, 2019, the Company consummated the Business Combination, pursuant to which it acquired each of Bonfire, CityBase, eCivis, Open Counter, Questica, and Sherpa. In connection with the closing of the Business Combination (the “Closing”), pursuant to the GTY Agreement between the Company, GTY Cayman, and GTY Technology Merger Sub, Inc. (“GTY Merger Sub”), merged with and into GTY Cayman, with GTY Cayman surviving the merger as a direct, wholly-owned subsidiary of the Company, and in connection therewith the Company changed its name from GTY Govtech, Inc. to GTY Technology Holdings Inc. This acquisition qualifies as a business combination under ASC 805. Accordingly, the Company recorded all assets acquired and liabilities assumed at their acquisition-date fair values, with any excess recognized as goodwill. Bonfire Acquisition Under the Bonfire Agreement, at Closing, the Company acquired Bonfire for aggregate consideration of approximately $48.0 million in cash and 2,156,014 shares of Company common stock (valued at $10.00 per share) and 2,161,741 shares of Bonfire Exchangeco, each of which is exchangeable for shares of Company common stock on a one-for-one basis at any time of the holder’s choosing. Of the shares issued to Bonfire Holders, 2,008,283 shares of Company common stock and 2,093,612 exchangeable shares in the capital stock of Bonfire Exchangeco (the “Bonfire Exchangco Shares”) are subject to transfer restrictions for one year, which such transfer restrictions may be lifted earlier if, subsequent to the Closing, (i) the last sale price of the Company common stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30‑trading day period commencing at least 150 days after Closing, or (ii) the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of its shareholders having the right to exchange their shares of Company common stock for cash, securities or other property. In addition, approximately $3.1 million in cash and 690,000 shares of Company common stock were deposited into escrow for a period of up to one year to cover certain indemnification obligations of the Bonfire Holders. Additionally, in accordance with the Bonfire Agreement, 1,218,937 unvested options to purchase shares of Bonfire common stock were converted into 408,667 options to purchase shares of Company common stock. During the 2019 Successor Period, 193,645 shares of the Bonfire Exchangeco Shares were converted into the Company’s Common Stock on a one-for-one basis. The Bonfire Exchangeco Shares were subject to the transfer restrictions described above, and the Common Stock issued for these shares is subject to the same transfer restrictions, discussed above. For the three months ended September 30, 2019, the Company recorded a measurement period adjustment for the decrease in aggregate consideration of $0.1 million relating to the settlement of the working capital adjustment in accordance with the Bonfire Agreement. CityBase Acquisition Under the CityBase Agreement, at Closing, the Company acquired CityBase for aggregate consideration of approximately $62.2 million in cash and 3,155,961 shares of Company common stock (valued at $10.00 per share). Each CityBase Holder may elect to have their shares subject to transfer restrictions for up to one year or to have their shares subject to redemption at the Company’s option for a promissory note in an amount equal to $10.00 per share redeemed, which note would bear interest at a rate of 8% per annum in the first year after issuance and 10.0% per annum thereafter (subject to an increase of 1% for each additional 6 months that has elapsed without full payment of such note(s)) (which option was not exercised and expired on the 90th day after the Closing). Prior to the consummation of the Business Combination, certain of the CityBase Holders agreed to purchase 380,937 Class A Ordinary Shares of GTY Cayman with the proceeds they would have otherwise received from the closing of the CityBase Transaction, which resulted in an approximate $3.8 million reduction to the amount of cash payable to the CityBase Holders. In addition, approximately $2.1 million in cash and 1,000,000 shares of Company common stock were deposited into escrow for a period of up to one year to cover certain indemnification obligations of the CityBase Holders. For the three months ended September 30, 2019, the Company recorded measurement period adjustments for (i) the increase in the aggregate consideration of $0.2 million relating to the settlement of the working capital adjustment in accordance with the CityBase Agreement, and (ii) the conversion of $0.04 stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor. eCivis Acquisition Under the eCivis Agreement and the eCivis Letter Agreement, at Closing, the Company acquired eCivis for aggregate consideration of approximately $14.0 million in cash and 2,883,433 shares of Company common stock (valued at $10.00 per share) (including 525,060 shares of Company common stock which are redeemable for cash at any time in the sole discretion of the Company for a price of $10.00 per share). The shares not subject to a redemption right are subject to transfer restrictions for one year, provided; however, such transfer restrictions may be lifted earlier if, subsequent to the Closing, (i) the last sale price of the Company common stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30‑trading day period commencing at least 150 days after Closing, or (ii) the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of its shareholders having the right to exchange their shares of Company common stock for cash, securities or other property. In addition, approximately $3.6 million in cash and 242,200 shares of Company common stock were deposited into escrow for a period of up to one year to cover certain indemnification obligations of the eCivis Holders. For the three months ended September 30, 2019, the Company recorded a measurement period adjustment for the increase in aggregate consideration of $0.5 million relating to the settlement of the working capital adjustment in accordance with the eCivis Agreement and the eCivis Letter Agreement. Open Counter Acquisition Under the Open Counter Agreement and the Open Counter Letter Agreement, at Closing, the Company acquired Open Counter for aggregate consideration of approximately $9.7 million in cash and 1,580,990 shares of Company common stock (valued at $10.00 per share) that were issued to the holders of Open Counter capital stock (the “Open Counter Holders”) (including 100,000 shares of Company common stock which have subsequently been redeemed for a promissory note at the sole discretion of the Company within seven days of the Closing. Such promissory note would bear interest at a rate of 8% per annum in the first year after issuance and 10.0% per annum thereafter (subject to an increase of 1% for each additional 6 months that has elapsed without full payment of such note(s))). The shares that were not subject to a redemption right are subject to transfer restrictions for one year, provided; however, such transfer restrictions may be lifted earlier if, subsequent to the Closing, (i) the last sale price of the Company common stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30‑trading day period commencing at least 150 days after Closing, or (ii) the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of its shareholders having the right to exchange their shares of Company common stock for cash, securities or other property. In addition, approximately $1.3 million in cash and 164,554 shares of Company common stock were deposited into escrow for a period of one year to cover certain indemnification obligations of the Open Counter Holders. Questica Acquisition Under the Questica Agreement and the Questica Letter Agreement, at Closing, the Company indirectly acquired Questica for aggregate consideration of approximately $44.4 million in cash and an aggregate of 2,600,000 Class A exchangeable shares in the capital stock of Questica Exchangeco, which is exchangeable into shares of the Company’s common stock, and 1,000,000 Class B shares in the capital stock of Questica Exchangeco, which is not exchangeable into shares of Company common stock, that were issued to the holders of Questica capital stock (the “Questica Holders”). In accordance with the Questica Shareholder Agreement, dated as of February 12, 2019, by and among the Company and certain Questica Holders (the “Questica Shareholder Agreement”), 500,000 Class C exchangeable shares in the capital stock of Questica Exchangeco had been redeemable at the sole discretion of the Company at any time for $5.0 million plus all accrued and unpaid dividends, and may be exchanged for shares of Company common stock beginning on the sixty-first day following the Closing for a number of shares of Company common stock equal to $5.0 million plus accrued and unpaid dividends divided by the lesser of (i) $10.00 or (ii) the 5‑day volume weighted average price (“VWAP”) at the time of exchange. In June 2019, these shares were redeemed for 500,000 shares of the Company common stock at the market price of $7.72, or $3.9 million, and transferred to permanent equity, and $1.3 million of cash. The incremental $0.2 million above the stated redemption price was recorded as a deemed dividend in the accompanying condensed consolidated financial statements. The Class A exchangeable shares in the capital stock of Questica Exchangeco are subject to transfer restrictions for one year, provided; however, such transfer restrictions may be lifted earlier if, subsequent to the Closing, (i) the last sale price of the Company common stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30‑trading day period commencing at least 150 days after Closing, or (ii) the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of its shareholders having the right to exchange their shares of Company common stock for cash, securities or other property. In addition, approximately $0.1 million in cash and 800,000 of the exchangeable shares described above were deposited into escrow for a period of one year to cover certain indemnification obligations of the Questica Holders. Sherpa Acquisition Under the Sherpa Agreement and the Sherpa Letter Agreement, at Closing, the Company indirectly acquired Sherpa for aggregate consideration of approximately $4.2 million in cash and 100,000 shares of Company common stock (valued at $10.00 per share) all of which are redeemable for a promissory note bearing interest equal to 5.5% per annum in the first year subsequent to issuance and 8.0% per annum thereafter at the sole discretion of the Company within seven days of the Closing. In addition, approximately $0.9 million in cash was deposited into escrow for a period of one year to cover certain indemnification obligations of the Questica Holders. For the three months ended September 30, 2019, the Company recorded a measurement period adjustment for the decrease in aggregate consideration of $0.2 million relating to the settlement of the working capital adjustment in accordance with the Sherpa Agreement and the Sherpa Letter Agreement. During the three months ended September 30, 2019, the Company made the Measurement Period Adjustments that resulted in (i) an increase in the aggregate consideration of the Acquisition of $0.4 million relating to the settlement of the working capital adjustments, and (ii) the conversion of $0.04 stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor. The following is a summary of the revised consideration paid and issued to each Acquired Company including the Measurement Period Adjustments (in thousands): Adjusted Deferred Cash Stock Contingent Net Tax Consideration Consideration Consideration Total Assets Goodwill Intangibles Liability Bonfire $ 50,971 $ 50,078 (1) $ 325 $ 101,374 $ 3,639 $ 81,867 $ 22,668 $ 6,800 CityBase 64,507 41,518 48,410 154,435 782 119,945 48,155 14,447 eCivis 18,073 31,256 5,859 55,188 (1,788) 47,878 12,997 3,899 OpenCounter 10,958 17,455 — 28,413 (1,441) 22,524 10,471 3,141 Questica 44,494 31,000 (2) 9,311 84,805 3,652 57,479 33,821 10,147 Sherpa 4,891 1,000 1,898 7,789 1,066 3,283 4,914 1,474 Total $ 193,894 $ 172,307 $ 65,803 $ 432,004 $ 5,910 $ 332,976 $ 133,026 $ 39,908 (1) Includes $21.6 million of convertible stock consideration (2) Includes $31.0 million of convertible stock consideration The following table represents the revised preliminary allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values, including the Measurement Period Adjustments discussed above. The following revised allocations are considered preliminary and may change within the permissible measurement period, not to exceed one year (in thousands): Bonfire CityBase eCivis OpenCounter Questica Sherpa Total Cash $ 4,641 $ 2,191 $ 136 $ 107 $ 6,763 $ 632 $ 14,470 Accounts receivable, net 323 1,018 720 46 1,257 587 3,951 Prepaid expense and other current assets 607 170 340 — 77 33 1,227 Fixed assets 118 500 56 29 182 2 887 Loan receivable - related party — 175 — — — — 175 Right of use assets 1,315 — 901 — 296 — 2,512 Other assets 369 783 30 — 1,061 — 2,243 Intangible assets 22,668 48,155 12,997 10,471 33,821 4,914 133,026 Goodwill 81,867 119,945 47,878 22,524 57,479 3,283 332,976 Accounts payable and accrued expenses (1,085) (1,192) (582) (123) (910) (188) (4,080) Contract liabilities (1,221) (816) (1,635) (484) (2,774) — (6,930) Lease liability - short term (366) — — — (296) — (662) Deferred tax liability (6,800) (14,447) (3,899) (3,141) (10,147) (1,474) (39,908) Other current liabilities — — (3) (491) (767) — (1,261) Capital lease obligations - current portion — (139) — — — — (139) Contract and other long-term liabilities (60) (1,646) (56) — — — (1,762) Capital lease obligation, less current portion — (262) — — — — (262) Long term debt — — — (525) — — (525) Lease liability - long term (1,002) — (901) — — — (1,903) Contingent consideration - pre-existing — — (794) — (1,237) — (2,031) Total consideration $ 101,374 $ 154,435 $ 55,188 $ 28,413 $ 84,805 $ 7,789 $ 432,004 Transaction Costs Transaction costs incurred by the Company associated with the Acquisition were $33.2 million from February 19, 2019 through September 30, 2019.

Intangible Assets (Successor)

Intangible Assets (Successor)	9 Months Ended
	Sep. 30, 2019
Intangible Assets (Successor)
Intangible Assets (Successor)	Note 5. Intangible Assets (Successor) The Company recognized goodwill and certain identifiable intangible assets in connection with business combinations. See Note 4. Identifiable intangible assets consist of the following as of September 30, 2019 for the Successor (in thousands): Intangible Asset Amortization for the Period February 19, 2019 Economic Gross Through Life (Years) Bonfire CityBase eCivis OpenCounter Questica Sherpa Total September 30, 2019 Net Total Patents / Developed Technology 8 $ 10,197 $ 31,789 $ 3,637 $ 5,469 $ 6,090 $ 1,140 $ 58,322 $ 4,477 $ 53,845 Trade Names / Trademarks 1 - 10 3,491 8,038 2,573 1,217 1,880 306 17,505 1,241 16,264 Customer Relationships 10 8,723 7,840 6,641 3,678 25,721 3,396 55,999 3,432 52,567 Non-Compete Agreements 3 257 488 146 107 130 72 1,200 245 955 $ 22,668 $ 48,155 $ 12,997 $ 10,471 $ 33,821 $ 4,914 $ 133,026 $ 9,395 $ 123,631 Amortization expense recognized by the Company related to intangible assets for the three months ended September 30, 2019 and the period from February 19, 2019 to September 30, 2019 (Successor) was $3.8 million and $9.4 million, respectively. Amortization expense recognized by the Predecessor for the period from January 1, 2019 through February 18, 2019, the three months ended September 30, 2018, and the nine months ended September 30, 2018 (predecessor) was $0.03 million, $0.2 million and $0.3 million, respectively. The estimated aggregate future amortization expense for intangible assets is as follows (in thousands): Three months ended December 31, 2019 $ 3,829 Year ended December 31, 2020 15,052 Year ended December 31, 2021 15,010 Year ended December 31, 2022 15,010 Year ended December 31, 2023 15,010 Year ended December 31, 2024 15,010 Thereafter 44,710 $ 123,631

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions
Related Party Transactions	Note 6. Related Party Transactions Convertible Note On August 8, 2018, GTY Cayman issued the Convertible Note to GTY Investors, LLC (the “Sponsor”), pursuant to which GTY Cayman was able to borrow up to $1 million from the Sponsor from time to time. The Convertible Note does not bear interest. The Sponsor has the option to convert any amounts outstanding under the Convertible Note, up to $1.0 million in the aggregate, into warrants at a conversion price of $1.50 per warrant. The terms of such warrants will be identical to the private placement warrants. During the period ended March 31, 2019, GTY drew down $0.4 million on the Convertible Note, resulting in $1.0 million principal amount outstanding. The $1.0 million principal amount was offset against amounts due from the Sponsor (see “Agreements and Arrangements with Certain Institutional Investors”) and, as of September 30, 2019, there was no amount outstanding under the Convertible Notes. Agreements and Arrangements with Certain Institutional Investors On February 13, 2019, GTY Cayman, the Sponsor, William D. Green, Joseph M. Tucci and Harry L. You (Messrs. Green, Tucci and You, collectively, the “Founders”) entered into agreements and arrangements with certain institutional investors pursuant to which a total of 1,500,000 Class A Ordinary Shares of GTY Cayman were not redeemed in connection with the business combination (the “Outstanding Cayman Shares”). The holder of Outstanding Cayman Shares which were converted into shares of the Company’s common stock on the Closing Date on a one-for-one basis is entitled to put such shares to the Sponsor and the Founders for a purchase price equal to the price at which GTY Cayman redeemed Class A Ordinary Shares in connection with the business combination, $10.29 (the “redemption price”), payment of such purchase price is guaranteed by the Company, and to receive from the Company a cash payment, if and to the extent necessary, but not to exceed $250,000, in order to provide such shareholder with at least a 5% return on such shares above the redemption price. With respect to 1,000,000 of the Outstanding Cayman Shares, GTY Cayman engaged a broker-dealer to facilitate the purchase of the Outstanding Cayman Shares by an institutional investor prior to the Closing for $9.90 per share and agreed to pay such broker-dealer an amount per share in cash equal to the difference between the redemption price and $9.90. In addition, the Sponsor and the Founders entered into agreements prior to the Closing pursuant to which they were obligated to reimburse the holders of an additional 1,942,953 Class A Ordinary Shares that were not redeemed in connection with the business combination (the “Outstanding Class A Shares”) for losses that may be incurred upon the sale of the Outstanding Class A Shares within a specified period following the Closing, up to an agreed-upon limit, and the Company has agreed to guarantee such reimbursement obligations of the Sponsor. During the Q1 2019 Successor Period, the Company, on behalf of the Sponsor, paid $4.0 million for losses incurred upon the sale of the Outstanding Class A Shares and, in turn, the Company reduced its convertible note liability for $1.0 million (see “Convertible Note”). During the nine months ended September 30, 2019, the Sponsor reimbursed the Company for the remaining $3.0 million for such losses on the Outstanding Class A Shares. As of September 30, 2019, the Outstanding Class A Shares are no longer guaranteed by the Founders or the Company.

Share-Based Compensation Stock

Share-Based Compensation Stock Options	9 Months Ended
	Sep. 30, 2019
Share-Based Compensation Stock Options
Share-Based Compensation Stock Options	Note 7. Share-Based Compensation Stock Options In connection with the Acquisition, the Company adopted a stock option plan and issued 408,667 stock options to employees. The total fair value of the stock options at the grant date was $3.6 million. A summary of stock option activity is as follows: Weighted Average Weighted Remaining Average Contractual Total Number of Exercise Life Intrinsic Shares Price (in years) Value Outstanding as of February 18, 2019 — $ — — $ — Granted 408,667 1.82 8.2 — Exercised (112,643) 1.16 — — Forfeited/expired (17,401) 1.16 — — Outstanding as of September 30, 2019 278,623 $ 2.13 8.2 $ 1,316 Options vested and exercisable 80,988 $ 2.12 8.1 $ 383 For the three months ended September 30, 2019 and the period from February 19, 2019 to September 30, 2019, the Company recorded approximately $0.3 million and $2.4 million, respectively, of share-based compensation expense related to the options. As of September 30, 2019, the Company has $1.2 million of unrecognized share-based compensation cost. During the Successor Period, share-based compensation expense is recorded as a component of general and administrative expenses. Restricted Stock Units During the Successor Period, the Company issued 1,049,237 restricted stock units (“RSUs”) to employees as annual performance awards. A portion of the RSUs will vest in ratable annual installments over either two or four years, as applicable, from the grant date, and the remaining RSUs will vest subject to the achievement of certain performance conditions over a three-year performance period, in each case, assuming continuous service by the employees through the applicable vesting dates. The RSUs granted to the Company’s Chief Executive Officer are subject to two different sets of performance-vesting criteria: (i) one RSU grant will vest on the last day of any 120-day trading period ending prior to the third anniversary of the grant date, to the extent that during such period, the average closing price per share of the Company’s common stock equals or exceeds $20, and under certain circumstances, the RSUs may vest if the stock price hurdle is achieved prior to the fourth anniversary of the grant date; and (ii) the other RSU grant will vest subject to the achievement of certain performance conditions over a one-year performance period. In each case, vesting of the RSUs is generally subject to the Chief Executive Officer’s continuous service through each vesting date. A summary of the Company's restricted stock units and related information is as follows: Weighted Average Number of Shares Grant Price Unvested as of as of February 18, 2019 — $ — Granted 1,049,237 9.53 Forfeited/expired (104,275) — Unvested as of September 30, 2019 944,962 $ 9.52 For the three months ended September 30, 2019 and the period from February 19, 2019 to September 30, 2019, the Company recorded approximately $0.2 million and $0.4 million, respectively, of share-based compensation expense related to the RSUs. As of September 30, 2019, the Company had unrecognized stock-based compensation expense related to all unvested restricted stock units of $8.5 million. The weighted average remaining contractual term of unvested RSUs that is time based is approximately one year at September 30, 2019. 758,550 of the RSUs granted above contained performance conditions. No stock-based compensation was recognized during the three months ended September 30, 2019 for these performance RSUs, since achievement of such performance metrics was not considered probable.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases
Leases	Note 8. Leases The Company leases office space under agreements classified as operating leases that expire on various dates through 2023. Such leases do not require any contingent rental payments, impose any financial restrictions, or contain any residual value guarantees. Certain of the Company’s leases include renewal options and escalation clauses; renewal options have not been included in the calculation of the lease liabilities and right of use assets as the Company is not reasonably certain to exercise the options. Variable expenses generally represent the Company’s share of the landlord’s operating expenses. The Company does not act as a lessor or have any leases classified as financing leases. At September 30, 2019, the Company had operating lease liabilities of approximately $6.4 million and right of use assets of approximately $6.2 million, which are included in the condensed consolidated balance sheet. The following summarizes quantitative information about the Company’s operating leases (dollars in thousands): Three Months Ended September 30, 2019 (Successor Period) Bonfire CityBase eCivis Questica Total Operating leases Operating lease cost $ 109 $ 153 $ 77 $ 95 $ 434 Variable lease cost — — — — — Operating lease expense 109 153 77 95 434 Short-term lease rent expense — — — — — Total rent expense $ 109 $ 153 $ 77 $ 95 $ 434 Bonfire CityBase eCivis Questica Total Operating cash flows from operating leases $ 108 $ 163 $ 77 $ 34 $ 382 Right-of-use assets exchanged for operating lease liabilities $ — $ — $ — $ 3,140 $ 3,140 Weighted-average remaining lease term – operating leases 2.7 2.2 2.0 10.7 6.8 Weighted-average discount rate – operating leases 9.9 % 10.0 % 8.0 % 4.8 % 7.0 % Nine Months Ended September 30, 2019 (Successor/Predecessor Period) Bonfire CityBase eCivis Questica Total Operating leases Operating lease cost $ 210 $ 464 $ 232 $ 164 $ 1,070 Variable lease cost — — — — — Operating lease expense 210 464 232 164 1,070 Short-term lease rent expense — — — — — Total rent expense $ 210 $ 464 $ 232 $ 164 $ 1,070 Bonfire CityBase eCivis Questica Total Operating cash flows from operating leases $ 332 $ 485 $ 232 $ 101 $ 1,150 Right-of-use assets exchanged for operating lease liabilities $ 1,292 $ 1,541 $ 920 $ 3,450 $ 7,203 Weighted-average remaining lease term – operating leases 2.7 2.2 2.7 10.7 6.9 Weighted-average discount rate – operating leases 9.9 % 10.0 % 8.0 % 4.8 % 7.0 % As of September 30, 2019, future minimum lease payments under non-cancellable operating are as follows (in thousands): Bonfire CityBase eCivis Questica Total Three months ended December 31, 2019 $ 113 $ 164 $ 77 $ 36 $ 390 Year Ended December 31, 2020 452 662 309 427 1,850 Year Ended December 31, 2021 463 458 309 408 1,638 Year Ended December 31, 2022 235 — 129 410 774 Year Ended December 31, 2023 — — — 365 365 Year Ended December 31, 2024 — — — 2,754 2,754 Total 1,263 1,284 824 4,400 7,771 Less present value discount (164) (126) (84) (1,013) (1,387) Operating lease liabilities $ 1,099 $ 1,158 $ 740 $ 3,387 $ 6,384

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies.
Commitments and Contingencies	Note 9. Commitments and Contingencies Successor Legal Proceedings From time to time, the Companies may become involved in legal proceedings arising in the ordinary course of its business. The Company is not presently a party to any legal proceedings that, if determined adversely to the Company, would have a material adverse effect on the Company. Indemnification In the ordinary course of business, the Company may provide indemnification of varying scope and terms to customers, vendors, investors, directors and officers with respect to certain matters, including, but not limited to, losses arising out of our breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third parties. These indemnification provisions may survive termination of the underlying agreement and the maximum potential amount of future payments the Company could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is indeterminable. The Company has never paid a material claim, nor have it been sued in connection with these indemnification arrangements. As of September 30, 2019, and December 31, 2018, the Company has not accrued a liability for these indemnification arrangements because the likelihood of incurring a payment obligation, if any, in connection with these indemnification arrangements is not probable or reasonably estimable.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Shareholders' Equity
Shareholders' Equity	Note 10. Shareholders’ Equity Initial Public Offering Redemption Shares In connection with a shareholder meeting called to approve the business combination, the Company provided the holders of its outstanding Class A ordinary shares sold in the Company’s initial public offering (the “public shareholders”) with the opportunity to redeem all or a portion of their public shares. The public shareholders were entitled to redeem their public shares for a pro rata portion of the remaining balance in the trust account established in connection with the Company’s initial public offering for the benefit of the Company’s public shareholders and into which substantially all of the proceeds from the initial public offering were deposited (the “Trust Account”). The remaining 20,289,478 GTY Cayman public shares were recorded at a redemption value and classified as temporary equity upon the completion of the initial public offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In connection with the Business Combination, 11,073,040 Class A ordinary shares of GTY were redeemed for $114.0 million, at a per share price of approximately $10.29. The remaining 9,216,438 shares with a redemption value of $88.9 million were transferred to permanent equity. Subscription Agreement Immediately prior to the Closing, pursuant to subscription agreements (the “Subscription Agreements”), dated as of various dates from January 9, 2019 through February 12, 2019, by and among GTY and certain institutional and accredited investors party thereto (the “Subscribed Investors”), GTY Cayman issued to the Subscribed Investors an aggregate of 12,863,098 Class A ordinary shares of GTY for $10.00 per share, for an aggregate cash purchase price of approximately $126.4 million and paid fees of $1.1 million, including three such Subscription Agreements with certain CityBase holders (including Michael Duffy, the chief executive officer of CityBase) for an aggregate of 380,937 Class A ordinary shares of GTY at a price of $10.00 per share, for an aggregate cash purchase price of approximately $3.8 million. The Class A ordinary shares of GTY issued to the Subscribed Investors were cancelled and exchanged on a one-for-one basis for shares of Company common stock at the Closing. In connection with the Subscription Agreements, immediately prior to the Closing, the Sponsor surrendered to GTY Cayman for cancellation (at no cost to GTY) 231,179 Class B (founder) shares, which have been retroactively adjusted in the accompanying statement of stockholders equity, and sold 500,000 private placement warrants held by it to an accredited investor in a private placement for an aggregate of $250,000 or $0.50 per warrant (which was $1.00 per warrant less than the price originally paid for such warrants). GTY Merger Share Exchange In connection with the GTY Merger, all of the issued and outstanding shares of GTY Cayman were exchanged for an equal number of shares of GTY common stock and immediately before the exchange, each outstanding unit was separated into its component Class A ordinary share and warrant. Upon the exchange, 22,978,520 Class A and 13,568,821 Class B shares of GTY Cayman were exchanged for an aggregate of 36,547,341 shares of common stock of GTY. Shares issued in the Acquisition As part of the consideration for the Acquisition, the Company issued (a) 11,973,154 shares of common stock (as adjusted by the Measurement Period Adjustment below), of which 3,937,907 are redeemable at the option of the Company (the “Acquisition Redemption Shares”), (b) 2.6 million Class A and 0.5 million Class C shares (the “Class C Shares”) of Questica Exchangeco (the “Questica Shares”) and 2,161,741 shares of Bonfire Exchangeco shares (collectively, the “Exchange Shares”) that are exchangeable into an equal number of common stock. The Exchange Shares are recorded as common shares of the Company. The Company also issued 1,000,000 Class B shares of Questica Shares which are not exchangeable for common stock and thus have no value. The shares issued as consideration in the Acquisition were valued at $10 per share in the accompanying condensed consolidated financial statements. The 0.5 million Class C Shares were redeemable at the option of the shareholder at $10 per share, and thus the Company had classified the Class C Shares in the capital stock of Questica Exchangeco as temporary equity in accordance with ASC 480 - "Distinguishing Liabilities from Equity." In June 2019, these shares were redeemed for 0.5 million shares of Common Stock at the market price of $7.72, or $3.9 million, and transferred to permanent equity, and $1.3 million of cash. The incremental $0.2 million above the stated redemption price was recorded as a deemed dividend in the accompanying condensed consolidated financial statements. In April 2019, 193,645 shares of the Bonfire Exchangeco Shares were converted into the Company’s Common Stock on a one-for-one basis (see Note 4). For the three months ended September 30, 2019, there was a Measurement Period Adjustment to change $41,500, or 4,150 shares, of stock consideration to cash consideration (see Note 4). Common Stock – GTY is authorized to issue 400,000,000 shares of common stock with a par value of $0.0001 per share. In March 2019, the Company redeemed 100,000 shares of common stock for a promissory note in the principal amount of $1,000,000, bearing interest at a rate of 8% per annum in the first year after issuance and 10.0% per annum thereafter (subject to an increase of 1% for each additional 6 months that has elapsed without full payment of such note(s)) and included these in Treasury Stock in the accompanying condensed consolidated balance sheets. In April 2019, the Company repurchased 264,998 shares of common stock for $2.6 million. These shares were included in Treasury Stock in the accompanying condensed consolidated balance sheets at the stock price on the date of the repurchases, or $2.4 million, and the remaining $0.2 million is included in Loss from repurchase of shares in the condensed consolidated statements of operations and comprehensive loss. In June 2019, the Company issued 3.5 million shares of common stock in a registered direct offering for $25.5 million, at a price of $7.70 per share, net of $1.5 million of offering costs. In June 2019, two Bonfire employees cashless exercised 284 stock options and the Company issued 117 shares of common stock. For the three months ended September 30, 2019, Bonfire employees exercised 112,526 stock options for the issuance of shares of common stock. See Note 7. In July 2019, in accordance with the eCivis Agreement and the eCivis Letter Agreement, the Company repurchased 250,000 shares of common stock for $2.5 million. These shares were included in Treasury Stock in the accompanying condensed consolidated balance sheets at the stock price on the date of the repurchases, or $1.7 million, and the remaining $0.8 million is included in Loss from repurchase of shares in the condensed consolidated statements of operations and comprehensive loss. Preferred Shares – GTY is authorized to issue 1,000,000 preferred shares with a par value of $0.0001 per share. As of September 30, 2019, there were no preferred shares issued or outstanding. Warrants At September 30, 2019, there were a total of 27,093,334 warrants outstanding. The warrants were originally sold as part of the units offered in the IPO. Each warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share, subject to adjustments. The warrants may be exercised only for a whole number of shares of common stock. No fractional shares will be issued upon exercise of the warrants. The Company may call the warrants for redemption, in whole and not in part, at a price of $0.01 per warrant, upon not less than 30 days’ prior written notice of redemption to each warrant holder, if, and only if, the reported last sale price of common stock equals or exceeds $18.00 per share for any 20 trading days within a 30‑trading day period ending on the third trading day prior to the date the Company sends the notice of redemption to the warrant holders. The warrants were determined to be equity classified in accordance with ASC 815, Derivatives and Hedging .

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting
Segment Reporting	Note 11. Segment Reporting The Company conducts the business through the following six operating segments: Bonfire, CityBase, eCivis, Open Counter, Questica and Sherpa. The accounting policies of the operating segments are the same as those described in Note 3. Non-allocated interest expense and various other administrative costs are reflected in Corporate. Corporate assets include cash and cash equivalents, prepaid expenses and other current assets. The following provides operating information about the Company’s reportable segments for the periods presented (in thousands): GTY Bonfire CityBase eCivis OpenCounter Questica Sherpa Eliminations Total Successor Three Months Ended September 30, 2019 Total revenue $ — $ 1,174 $ 1,551 $ 1,638 $ 407 $ 3,083 $ 901 $ — $ 8,754 Cost of goods sold — 277 958 454 105 653 136 — 2,583 Loss from operations (2,441) (1,634) (4,354) 17 (614) (537) (52) — (9,615) Successor February 19, 2019 through September 30, 2019 Total revenue $ — $ 2,385 $ 4,634 $ 3,200 $ 929 $ 6,311 $ 2,575 $ — $ 20,034 Cost of goods sold — 643 3,168 1,087 263 1,468 461 — 7,090 Loss from operations (21,989) (7,911) (12,821) (1,885) (1,363) (12,611) (2,750) — (61,330) Predecessor January 1, 2019 through February 18, 2019 Total revenue $ — $ 593 $ 820 $ 673 $ 298 $ 1,913 $ 631 $ 4,928 Cost of goods sold — 124 746 267 51 296 130 — 1,614 Loss from operations — (741) (1,499) (265) 46 550 354 — (1,555) Predecessor Three Months Ended September 30, 2018 Total revenue $ — $ 845 $ 1,640 $ 1,250 $ 393 $ 2,420 $ 1,069 $ — $ 7,617 Cost of goods sold — 216 1,225 457 135 498 59 — 2,590 Loss from operations — (1,478) (3,497) (444) (350) 114 697 — (4,958) Predecessor Nine Months Ended September 30, 2018 Total revenue $ — $ 2,255 $ 4,082 $ 3,745 $ 1,213 $ 7,583 $ 2,143 $ — $ 21,021 Cost of goods sold — 554 3,023 1,283 373 1,458 171 — 6,862 Loss from operations — (3,572) (7,691) (821) (348) 1,096 1,214 — (10,122) Successor As of September 30, 2019 Goodwill $ — $ 81,867 $ 119,945 $ 47,877 $ 22,525 $ 57,479 $ 3,283 $ — $ 332,976 Assets 395,679 107,026 161,734 62,005 31,490 96,796 6,796 (366,203) 495,323 Predecessor As of December 31, 2018 Goodwill $ — $ — $ 123 $ 585 $ — $ 1,810 $ — $ — $ 2,518 Assets — 6,329 7,215 2,621 316 11,710 1,377 — 29,568 Revenues from North America customers accounted for greater than 90% of the Company’s revenues for the periods presented.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information and disclosures normally included in condensed consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. The accompanying condensed consolidated financial statements should be read in conjunction with the Company's audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on March 18, 2019 and the Company’s Current Report Form 8-K/A filed with the SEC on March 18, 2019. Certain reclassifications have been made to conform to current period presentation. The Acquisition was accounted for as a business combination using the acquisition method of accounting. The Company’s financial statement presentation distinguishes the results of operations into two distinct periods: (i) the period before the consummation of the Acquisition, which includes the period from January 1, 2019 to the Closing Date (the “2019 Predecessor Period”), the three and nine months ended September 30, 2018 (the “2018 Predecessor Period”) and (ii) the period after consummation of the Acquisition which includes the period including and after the Closing Date to September 30, 2019 (“2019 Successor Period”), and the three months ended September 30, 2019. The accompanying condensed consolidated financial statements include a black line division which indicates that the Acquired Companies and the Company’s financial information are presented on a different basis and are therefore, not comparable. Determining the fair value of certain assets and liabilities assumed is judgmental in nature and often involves the use of significant estimates and assumptions. See Note 4 – Business Combination for a discussion of the estimated fair values of assets and liabilities recorded in connection with the Acquisition. The historical financial information of GTY Cayman prior to the Acquisition is not being reflected in the Predecessor financial statements as these historical amounts have been determined not to be useful to a user of the financial statements. GTY Cayman’s operations prior to the Acquisition, other than income from the Trust Account (as defined in Note 10. Shareholders’ Equity) investments and transaction expenses, were nominal. The Company believes that Predecessor activities related to investments, intangible assets, stock-based compensation, goodwill, fair value measurements and notes payable were either quantitatively or qualitatively immaterial. Therefore, the Company did not disclose these Predecessor activities in the following unaudited footnotes.
Principles of Consolidation	Principles of Consolidation The Successor Period condensed consolidated financial statements include all accounts of the Company and its subsidiaries. The Predecessor Period condensed consolidated financial statements include all accounts of the Acquired Companies and the Acquired Companies’ subsidiaries. All material intercompany transactions and balances have been eliminated in the accompanying condensed consolidated financial statements.
Segments	Segments The Company has six operating segments. The Company’s Chief Executive Officer and Chief Financial Officer, who jointly are the Company’s chief operating decision maker, review financial information for each of the Acquired Companies, together with certain consolidated operating metrics, to make decisions about how to allocate resources and to measure the Company’s performance. See Note 11.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original or remaining maturity of three months or less at the date of purchase to be cash equivalents. Cash includes cash held in checking and savings accounts. Cash equivalents are comprised of investments in money market mutual funds. Cash and cash equivalents are recorded at cost, which approximates fair value.
Accounts Receivable	Accounts Receivable Accounts receivable consists of amounts due from our customers, which are primarily located throughout the United States and Canada. Accounts receivable are recorded at the invoiced amount, do not require collateral, and do not bear interest. The Company estimates its allowance for doubtful accounts by evaluating specific accounts where information indicates the Company’s customers may have an inability to meet financial obligations, such as bankruptcy and significantly aged receivables outstanding. Uncollectible receivables are written-off in the period management believes it has exhausted every opportunity to collect payment from the customer. Bad debt expense is recorded when events or circumstances indicate an additional allowance is required based on the Company’s specific identification approach. The allowance for doubtful accounts for the Successor as of September 30, 2019 and for the Predecessor as of December 31, 2018 was immaterial. Bad debt expense for all periods presented was immaterial.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents, and accounts receivable. Cash accounts in a financial institution at times may exceed the Federal depository insurance coverage of $250,000. As of September 30, 2019 and December 31, 2018, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Additionally, all Canadian Dollars (“CDN”) institution amounts are covered by Canada Deposit Insurance Corporation, or CDIC insurance.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements and related disclosures 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 balance sheets and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include revenue recognition, the carrying value of goodwill, the fair value of acquired intangibles, the capitalization of software development costs, and the useful lives intangible assets, stock-based compensation, contingent consideration and the valuation allowance of deferred tax assets resulting from net operating losses.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in the condensed consolidated statement of operations in the period realized. Property, plant and equipment is depreciated using the straight-line method over five (5) to fifteen (15) years. Internal-use software is amortized on a straight-line basis over its estimated useful life or five (5) years. Leasehold improvements are amortized over the shorter of the useful lives or the term of the respective leases.
Capitalized Software Costs	Capitalized Software Costs The Company capitalizes costs incurred during the application development stage related to the development of internal-use software and enterprise cloud computing services. Costs related to preliminary project activities and post-implementation activities are expensed as incurred. For the three months ended September 30, 2019 and the period from February 19, 2019 to September 30, 2019, the Company capitalized $0.2 million and $0.8 million for internal use software, respectively.
Intangible Assets (Successor)	Intangible Assets (Successor) Intangible assets consist of acquired customer relationships, acquired developed technology, trade names and non-compete agreements which were acquired as part of the Acquisition. The Company determines the appropriate useful life of its intangible assets by performing an analysis of expected cash flows of the acquired assets. Intangible assets are amortized over their estimated useful lives using the straight-line method, which approximates the pattern in which the economic benefits are consumed.
Goodwill (Successor)	Goodwill (Successor) Goodwill represents the excess of the purchase price of an entity over the estimated fair value of the assets acquired and liabilities assumed, and it is presented as Goodwill in the accompanying condensed consolidated balance sheet of the Successor. Under ASC 350, Intangibles – Goodwill and Other (“ASC 350”), goodwill is not amortized but is subject to periodic impairment testing. ASC 350 requires that an entity assign its goodwill to reporting units and test each reporting unit’s goodwill for impairment at least on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. In our evaluation of goodwill for impairment, which will be performed annually during the fourth quarter, we first assess qualitative factors to determine whether the existence of events or circumstances led to a determination that it was more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company is required to perform the quantitative goodwill impairment test. As a result of the Acquisition, the Company acquired goodwill during the Successor Period. There was minimal goodwill prior to the Acquisition. The Company did not identify any significant events or circumstances that would require it to perform an impairment test as of September 30, 2019. As such, there was no impairment recognized during the Successor Period.
Business Combinations (Successor)	Business Combinations (Successor) The Company accounts for business acquisitions using the acquisition method of accounting based on Accounting Standards Codification (“ASC”) 805 — Business Combinations, which requires recognition and measurement of all identifiable assets acquired and liabilities assumed at their fair value as of the date control is obtained. The Company determines the fair value of assets acquired and liabilities assumed based upon its best estimates of the acquisition-date fair value of assets acquired and liabilities assumed in the acquisition. Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired. Subsequent adjustments to fair value of any contingent consideration are recorded to the Company’s condensed consolidated statements of operations. Based on the acquisition date and the complexity of the underlying valuation work, certain amounts included in the Company’s condensed consolidated financial statements may be provisional and thus subject to further adjustments within the permitted measurement period, as defined in ASC 805. For the three months ended September 30, 2019, adjustments were made within the permitted measurement period that resulted in (i) an increase in the aggregate consideration of the Acquisition of $0.4 million relating to the settlement of the working capital adjustments, and (ii) the conversion of $0.04 stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor (the “Measurement Period Adjustments). These Measurement Period Adjustments have been reflected as current period adjustments in the three months ended September 30, 2019 in accordance with the guidance in ASU 2015-16 “Business Combinations.” The Measurement Period Adjustments primarily impacted goodwill, with no effect on earnings or cash in the current period. See Note 4.
Impairment of long-lived assets	Impairment of long-lived assets The Company reviews long-lived assets, including property and equipment and intangible assets and goodwill for impairment whenever events or changes in business circumstances indicate that the carrying amount of an asset may not be fully recoverable. An impairment loss is recognized when the asset’s carrying value exceeds the total undiscounted cash flows expected from its use and eventual disposition. The amount of the impairment loss is determined as the excess of the carrying value of the asset over its fair value. There were no impairments recorded for all periods presented.
Leases	Leases Effective January 1, 2019, the Company accounts for its leases under ASC 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases, and are recorded on the condensed consolidated balance sheet as both a right of use asset and a lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease or the Company’s incremental borrowing rate. Lease liabilities are increased by interest and reduced by payments each period, and the right of use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right of use asset results in straight-line rent expense over the lease term. Variable lease expenses are recorded when incurred. In calculating the right of use asset and lease liability, the Company elects to combine lease and non-lease components. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election, and recognizes rent expense on a straight-line basis over the lease term. The Company accounted for leases prior to January 1, 2019 under ASC Topic 840.
Fair Value (Successor)	Fair Value (Successor) The fair value of an asset or liability is the price that would be received to sell an asset or transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value and defines three levels of inputs that may be used to measure fair value . · Level 1 — uses quoted prices in active markets for identical assets or liabilities. · Level 2 — uses observable inputs other than quoted prices in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. · Level 3 — uses one or more significant inputs that are unobservable and supported by little or no market activity, and that reflect the use of significant management judgment. The Company’s only material financial instruments carried at fair value as of September 30, 2019, with changes in fair value flowing through current earnings, consist of contingent consideration liabilities recorded in conjunction with business combinations and are as follows (in thousands): Fair Value Measurement at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable September 30, Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Contingent consideration – current $ 12,208 $ — $ — $ 12,208 Contingent consideration – long term 55,478 — — 55,478 Total liabilities measured at fair value $ 67,686 $ — $ — $ 67,686 There were no transfers made among the three levels in the fair value hierarchy during the period after consummation of the Acquisition, which includes the period including and after the Closing Date to September 30, 2019. The following table presents additional information about Level 3 liabilities measured at fair value. Both observable and unobservable inputs may be used to determine the fair value of positions that the Company has classified within the Level 3 category. As a result, the unrealized gains and losses for liabilities within the Level 3 category may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs. Changes in Level 3 liabilities measured at fair value from February 18, 2019 to September 30, 2019 were as follows (in thousands): Contingent consideration - February 18, 2019 $ 2,685 Fair value of contingent consideration - Bonfire 325 Fair value of contingent consideration - CityBase 48,410 Fair value of contingent consideration - eCivis 5,859 Fair value of contingent consideration - Questica 9,311 Fair value of contingent consideration - Sherpa 1,898 Change in valuation (812) Change due to fluctuation in foreign currency 10 Contingent consideration - September 30, 2019 $ 67,686 The change in valuation was due, in part, to the decreased probabilities of the achievement of certain milestones of some of the acquired entities. The fair value of the Company’s contingent consideration liabilities recorded as part of the Acquisition has been classified within Level 3 in the fair value hierarchy. The contingent consideration represents the estimated fair value of future payments due to the sellers based on each company’s achievement of annual earnings targets in certain years and other events considered in certain transaction documents. The initial fair values of the contingent consideration were calculated through the use of either Monte Carlo simulation or modified Black-Scholes analyses based on earnings projections for the respective earn-out periods, corresponding earnings thresholds, and approximate timing of payments as outlined in the purchase agreements for each of the Acquired Companies. The analyses utilized the following assumptions: (i) expected term; (ii) risk-adjusted net sales or earnings; (iii) risk-free interest rate; and (iv) expected volatility of earnings. Estimated payments, as determined through the respective models, were further discounted by a credit spread assumption to account for credit risk. The contingent consideration is revalued to fair value each period, and any increase or decrease is recorded in operating income (loss). The fair value of the contingent consideration may be impacted by certain unobservable inputs, most significantly with regard to discount rates, expected volatility and historical and projected performance. Significant changes to these inputs in isolation could result in a significantly different fair value measurement. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximates fair value because of the short-term nature of these instruments. The Company measures certain assets at fair value on a non-recurring basis, generally annually or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. These assets include goodwill and other intangible assets. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The assets, liabilities and results of operations of certain consolidated entities are measured using their functional currency, which is the currency of the primary foreign economic environment in which they operate. Upon consolidating these entities with the Company, their assets and liabilities are translated to U.S. dollars at currency exchange rates as of the condensed consolidated balance sheet date and their revenues and expenses are translated at the weighted average currency exchange rates during the applicable reporting periods. Translation adjustments resulting from the process of translating these entities’ condensed consolidated financial statements are reported in accumulated other comprehensive income (loss) in the condensed consolidated balance sheets and total other comprehensive loss on the condensed consolidated statements of operations.
Revenue Recognition	Revenue Recognition The Company adopted the Financial Accounting Standards Board (“FASB”) new revenue recognition framework, ASC 606, Revenue from Contracts with Customers (“ASC 606”), on January 1, 2017 using the full retrospective approach. The adoption of this standard did not have a material impact on prior revenue recognition or on opening equity, as the timing and measurement of revenue recognition for the Company is materially the same under ASC 606 as it was under the prior relevant guidance. With the adoption of Topic 606, revenues are recognized upon transfer of control of promised products and services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. If the consideration promised in a contract includes a variable amount, the Company includes an estimate of the amount it expects to receive for the total transaction price if it is probable that a significant reversal of cumulative revenues recognized will not occur. The Company determines the amount of revenues to be recognized through application of the following steps: · Identification of the contract, or contracts with a customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenues when or as the Company satisfies the performance obligations. For contracts where the period between when the Company transfers a promised service to the customer and when the customer pays is one year or less, the Company has elected the practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component. The Company has made a policy election to exclude from the measurement of the transaction price all taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue producing transaction and collected by the Company from a customer. Such taxes may include but are not limited to sales, use, value added and certain excise taxes.
Disaggregation of Revenues	Disaggregation of Revenues Successor Predecessor Three Months February 19, 2019 January 1, 2019 Three Months Ended through through Ended Nine Months Ended September 30, 2019 September 30, 2019 February 18, 2019 September 30, 2018 September 30, 2018 Subscriptions, support and maintenance $ 5,920 $ 13,393 $ 3,253 $ 5,156 $ 14,424 Professional services 2,449 5,287 1,269 1,369 4,604 License 344 1,302 383 876 1,672 Asset sales 41 52 23 216 321 Total revenues $ 8,754 $ 20,034 $ 4,928 $ 7,617 $ 21,021 Revenues Subscription, support and maintenance . The Company provides software hosting services that provide customers with access to software related support and updates during the term of the arrangement. Revenues are recognized ratably over the contract term as the customer simultaneously receives and consumes the benefits of the subscription service, as the service is made available to the Company. The first year of subscription fees are typically payable within 30 days after the execution of a contract, and thereafter upon renewal. The Company initially records subscription fees as contract liabilities and recognize revenues on a straight-line basis over the term of the agreement . Our contracts may include variable consideration in the form of usage fees, which are constrained and recognized once the uncertainties associated with the constraint are resolved, which is when usage occurs and the fee is known. Subscription, support and maintenance revenues also includes kiosk rentals and on-premise support or maintenance pertaining to license sales. Revenues from kiosk rentals and on-premise support are recognized on a straight-line basis over the support period. Revenues from subscription, support and maintenance comprised approximately 68% and 67% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period, respectively. Professional services . The Company’s professional services contracts generate revenues on a time and materials, fixed fee or subscription basis. Revenues are recognized as the services are rendered for time and materials contracts. Revenues are recognized when the milestones are achieved and accepted by the customer or on a proportional performance basis for fixed fee contracts. Revenues are recognized ratably over the contract term for subscription contracts. The milestone method for revenue recognition is used when there is substantive uncertainty at the date the contract is entered into whether the milestone will be achieved. Training revenues are recognized as the services are performed. Revenues from professional services comprised approximately 28% and 26% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period, respectively. License . Revenues from distinct licenses are recognized upfront when the software is made available to the customer, which normally coincides with contract execution, as this is when the customer has the risks and rewards of the right to use the software. Revenues from licenses comprised approximately 4% and 6% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period. Asset sales. Revenues from asset sales are recognized when the asset, typically a kiosk, has been received by the client and is fully operational and ready to accept transactions, which is when the customer obtains control and has the risks and rewards of the asset. Asset sales were less than 1% of total revenues for the three months ended September 30, 2019 and the 2019 Successor Period.
Contract Liabilities	Contract Liabilities Contract liabilities primarily consist of amounts that have been billed to or received from customers in advance of revenue recognition and prepayments received from customers in advance for subscription services to the Company’s SaaS offerings and related implementation and training. The Company recognizes contract liabilities as revenues when the services are performed, and the corresponding revenue recognition criteria are met. The Company receives payments both upfront and over time as services are performed. Customer prepayments are generally applied against invoices issued to customers when services are performed and billed. Contract liabilities are reduced as services are provided and the revenue recognition criteria are met. Contract liabilities that are expected to be recognized as revenues during the succeeding twelve-month period are recorded in current liabilities as contract liabilities, and the remaining portion is recorded in long-term liabilities as contract liabilities, non-current. Revenues of approximately $6.3 million, $2.2 million, and $8.1 million were recognized for the 2019 Successor Period, the 2019 Predecessor Period, and the nine months ended September 30, 2018, respectively, that was included in the contract liabilities balances at the beginning of the respective periods.
Cost of revenues	Cost of revenues Cost of revenues primarily consists of salaries and benefits of personnel relating to our hosting operations and support, implementation, and grants research. Cost of revenues includes data center costs including depreciation of the Company’s data center assets, third-party licensing costs, consulting fees, and the amortization of acquired technology from recent acquisitions.
Stock Based Compensation	Stock Based Compensation The Company expenses stock-based compensation over the requisite service period based on the estimated grant-date fair value of the awards. Stock-based awards with graded-vesting schedules are recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates, involve inherent uncertainties and the application of management’s judgment. Expected Term — The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term. Expected Volatility — The Company computes stock price volatility over expected terms based on comparable companies’ historical common stock trading prices. Risk-Free Interest Rate — The Company bases the risk-free interest rate on the U.S. Treasuries implied yield with an equivalent remaining term. Expected Dividend — The Company has never declared or paid any cash dividends on common shares and does not plan to pay cash dividends in the foreseeable future, and, therefore, uses an expected dividend yield of zero in valuation models. The following are the assumptions used for the stock option grant on February 19, 2019: Exercise price $ 1.82 Expected term (years) 5.1 Expected stock price volatility 74 % Risk-free rate of interest 2 % In accordance with ASU No. 2016-09, Compensation-Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting, the Company records forfeitures as they occur.
Net Loss per Share	Net Loss per Share Net loss per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per common share is computed similar to basic net income per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock. Due to the net loss for the Successor Period, diluted and basic loss per share are the same. Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at September 30, 2019 are as follows: Warrants to purchase common stock 27,093,334 Unvested restricted stock units 944,962 Options to purchase common stock 278,623 Total 28,316,919
Income Taxes	Income Taxes Deferred income taxes are provided for the tax effects of temporary differences between (i) the carrying amounts of assets and liabilities for financial reporting purposes and (ii) the amounts used for income tax purposes and operating loss carryforwards and credits using enacted tax rates expected to be in effect in the years in which the differences are expected to reverse. The Company assesses the likelihood that deferred tax assets will be realized and recognizes a valuation allowance if it is more likely than not that some portion of the deferred tax assets will not be realized. This assessment requires judgment as to the likelihood and amounts of future taxable income by tax jurisdiction. To date, the Company has provided a full valuation allowance against its deferred tax assets as it believes the objective and verifiable evidence of its historical pretax net losses outweighs any positive evidence of its forecasted future results. Although the Company believes that its tax estimates are reasonable, the ultimate tax determination involves significant judgment that is subject to audit by tax authorities in the ordinary course of business. The Company will continue to monitor the positive and negative evidence, and it will adjust the valuation allowance as sufficient objective positive or negative evidence becomes available. No tax related impact was recorded in the financial statements as a result of the adoption of ASU No. 2016-09. The Company evaluates its uncertain tax positions based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized. Potential interest and penalties associated with any uncertain tax positions are recorded as a component of income tax expense. Through September 30, 2019, the Company has not identified any material uncertain tax positions for which liabilities would be required to be recorded. As a result of the Acquisition, a temporary difference between the book fair value and tax basis for the assets acquired of $39.9 million was created, resulting in a deferred tax liability and additional goodwill. The following is a rollforward of the Company’s deferred tax liability from February 19, 2019 to September 30, 2019 (in thousands): Balance - February 19, 2019 $ (39,908) Income tax benefit (associated with the amortization of intangible assets) 2,819 Balance - September 30, 2019 $ (37,089)
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016‑02, Leases (Topic 842) in order to increase transparency and comparability among organizations by, among other provisions, recognizing lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under previous GAAP. For public companies, ASU 2016‑02 is effective for fiscal years beginning after December 15, 2018 (including interim periods within those periods) using a modified retrospective approach and early adoption is permitted. In transition, entities may also elect a package of practical expedients that must be applied in its entirety to all leases commencing before the adoption date, unless the lease is modified, and permits entities to not reassess (a) the existence of a lease, (b) lease classification or (c) determination of initial direct costs, as of the adoption date, which effectively allows entities to carryforward accounting conclusions under previous GAAP. In July 2018, the FASB issued ASU 2018‑11, Leases (Topic 842): Targeted Improvements, which provides entities an optional transition method to apply the guidance under Topic 842 as of the adoption date, rather than as of the earliest period presented. The Company adopted Topic 842 on January 1, 2019, using the optional transition method to apply the new guidance as of January 1, 2019, rather than as of the earliest period presented, and elected the package of practical expedients described above. Based on the analysis, on January 1, 2019, the Company recorded right of use assets of approximately $3.6 million, lease liability of approximately $3.8 million. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018‑13, “Fair Value Measurement (Topic 820), – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement amongst or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the update. The Company has not determined the impact of this guidance on its financial statements. In August 2018, the FASB issued Accounting Standards Update No. 2018-15, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract" ("ASU 2018-15"). ASU 2018-15 aligns the accounting for implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software under ASC 350-40, in order to determine which costs to capitalize and recognize as an asset and which costs to expense. ASU 2018-15 is effective for annual reporting periods, and interim periods within those years, beginning after December 15, 2019, and can be applied either prospectively to implementation costs incurred after the date of adoption or retrospectively to all arrangements. The Company is currently evaluating the impact of the adoption of ASU 2018-15 on its consolidated financial statements and expects to adopt the new standard in the first quarter of 2020.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurement at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable September 30, Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Contingent consideration – current $ 12,208 $ — $ — $ 12,208 Contingent consideration – long term 55,478 — — 55,478 Total liabilities measured at fair value $ 67,686 $ — $ — $ 67,686
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Changes in Level 3 liabilities measured at fair value from February 18, 2019 to September 30, 2019 were as follows (in thousands): Contingent consideration - February 18, 2019 $ 2,685 Fair value of contingent consideration - Bonfire 325 Fair value of contingent consideration - CityBase 48,410 Fair value of contingent consideration - eCivis 5,859 Fair value of contingent consideration - Questica 9,311 Fair value of contingent consideration - Sherpa 1,898 Change in valuation (812) Change due to fluctuation in foreign currency 10 Contingent consideration - September 30, 2019 $ 67,686
Schedule of Disaggregation of revenue	Successor Predecessor Three Months February 19, 2019 January 1, 2019 Three Months Ended through through Ended Nine Months Ended September 30, 2019 September 30, 2019 February 18, 2019 September 30, 2018 September 30, 2018 Subscriptions, support and maintenance $ 5,920 $ 13,393 $ 3,253 $ 5,156 $ 14,424 Professional services 2,449 5,287 1,269 1,369 4,604 License 344 1,302 383 876 1,672 Asset sales 41 52 23 216 321 Total revenues $ 8,754 $ 20,034 $ 4,928 $ 7,617 $ 21,021
Schedule of Stock option grant	The following are the assumptions used for the stock option grant on February 19, 2019: Exercise price $ 1.82 Expected term (years) 5.1 Expected stock price volatility 74 % Risk-free rate of interest 2 %
Schedule of Net loss per share	Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at September 30, 2019 are as follows: Warrants to purchase common stock 27,093,334 Unvested restricted stock units 944,962 Options to purchase common stock 278,623 Total 28,316,919
Schedule of deferred tax liability	The following is a rollforward of the Company’s deferred tax liability from February 19, 2019 to September 30, 2019 (in thousands): Balance - February 19, 2019 $ (39,908) Income tax benefit (associated with the amortization of intangible assets) 2,819 Balance - September 30, 2019 $ (37,089)

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combination
Business Consideration Paid and Issued [Table Text Block]	Adjusted Deferred Cash Stock Contingent Net Tax Consideration Consideration Consideration Total Assets Goodwill Intangibles Liability Bonfire $ 50,971 $ 50,078 (1) $ 325 $ 101,374 $ 3,639 $ 81,867 $ 22,668 $ 6,800 CityBase 64,507 41,518 48,410 154,435 782 119,945 48,155 14,447 eCivis 18,073 31,256 5,859 55,188 (1,788) 47,878 12,997 3,899 OpenCounter 10,958 17,455 — 28,413 (1,441) 22,524 10,471 3,141 Questica 44,494 31,000 (2) 9,311 84,805 3,652 57,479 33,821 10,147 Sherpa 4,891 1,000 1,898 7,789 1,066 3,283 4,914 1,474 Total $ 193,894 $ 172,307 $ 65,803 $ 432,004 $ 5,910 $ 332,976 $ 133,026 $ 39,908 (1) Includes $21.6 million of convertible stock consideration (2) Includes $31.0 million of convertible stock consideration
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table represents the revised preliminary allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values, including the Measurement Period Adjustments discussed above. The following revised allocations are considered preliminary and may change within the permissible measurement period, not to exceed one year (in thousands): Bonfire CityBase eCivis OpenCounter Questica Sherpa Total Cash $ 4,641 $ 2,191 $ 136 $ 107 $ 6,763 $ 632 $ 14,470 Accounts receivable, net 323 1,018 720 46 1,257 587 3,951 Prepaid expense and other current assets 607 170 340 — 77 33 1,227 Fixed assets 118 500 56 29 182 2 887 Loan receivable - related party — 175 — — — — 175 Right of use assets 1,315 — 901 — 296 — 2,512 Other assets 369 783 30 — 1,061 — 2,243 Intangible assets 22,668 48,155 12,997 10,471 33,821 4,914 133,026 Goodwill 81,867 119,945 47,878 22,524 57,479 3,283 332,976 Accounts payable and accrued expenses (1,085) (1,192) (582) (123) (910) (188) (4,080) Contract liabilities (1,221) (816) (1,635) (484) (2,774) — (6,930) Lease liability - short term (366) — — — (296) — (662) Deferred tax liability (6,800) (14,447) (3,899) (3,141) (10,147) (1,474) (39,908) Other current liabilities — — (3) (491) (767) — (1,261) Capital lease obligations - current portion — (139) — — — — (139) Contract and other long-term liabilities (60) (1,646) (56) — — — (1,762) Capital lease obligation, less current portion — (262) — — — — (262) Long term debt — — — (525) — — (525) Lease liability - long term (1,002) — (901) — — — (1,903) Contingent consideration - pre-existing — — (794) — (1,237) — (2,031) Total consideration $ 101,374 $ 154,435 $ 55,188 $ 28,413 $ 84,805 $ 7,789 $ 432,004

Intangible Assets (Successor) (

Intangible Assets (Successor) (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets (Successor)
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The Company recognized goodwill and certain identifiable intangible assets in connection with business combinations. See Note 4. Identifiable intangible assets consist of the following as of September 30, 2019 for the Successor (in thousands): Intangible Asset Amortization for the Period February 19, 2019 Economic Gross Through Life (Years) Bonfire CityBase eCivis OpenCounter Questica Sherpa Total September 30, 2019 Net Total Patents / Developed Technology 8 $ 10,197 $ 31,789 $ 3,637 $ 5,469 $ 6,090 $ 1,140 $ 58,322 $ 4,477 $ 53,845 Trade Names / Trademarks 1 - 10 3,491 8,038 2,573 1,217 1,880 306 17,505 1,241 16,264 Customer Relationships 10 8,723 7,840 6,641 3,678 25,721 3,396 55,999 3,432 52,567 Non-Compete Agreements 3 257 488 146 107 130 72 1,200 245 955 $ 22,668 $ 48,155 $ 12,997 $ 10,471 $ 33,821 $ 4,914 $ 133,026 $ 9,395 $ 123,631
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated aggregate future amortization expense for intangible assets is as follows (in thousands): Three months ended December 31, 2019 $ 3,829 Year ended December 31, 2020 15,052 Year ended December 31, 2021 15,010 Year ended December 31, 2022 15,010 Year ended December 31, 2023 15,010 Year ended December 31, 2024 15,010 Thereafter 44,710 $ 123,631

Share-Based Compensation Stoc_2

Share-Based Compensation Stock Options (Tables)	9 Months Ended
	Sep. 30, 2019
Share-Based Compensation Stock Options
Summary of stock option activity	A summary of stock option activity is as follows: Weighted Average Weighted Remaining Average Contractual Total Number of Exercise Life Intrinsic Shares Price (in years) Value Outstanding as of February 18, 2019 — $ — — $ — Granted 408,667 1.82 8.2 — Exercised (112,643) 1.16 — — Forfeited/expired (17,401) 1.16 — — Outstanding as of September 30, 2019 278,623 $ 2.13 8.2 $ 1,316 Options vested and exercisable 80,988 $ 2.12 8.1 $ 383
Summary of restricted stock units	A summary of the Company's restricted stock units and related information is as follows: Weighted Average Number of Shares Grant Price Unvested as of as of February 18, 2019 — $ — Granted 1,049,237 9.53 Forfeited/expired (104,275) — Unvested as of September 30, 2019 944,962 $ 9.52

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule Of Quantitative Information Related To Operating Leases [Table Text Block]	Three Months Ended September 30, 2019 (Successor Period) Bonfire CityBase eCivis Questica Total Operating leases Operating lease cost $ 109 $ 153 $ 77 $ 95 $ 434 Variable lease cost — — — — — Operating lease expense 109 153 77 95 434 Short-term lease rent expense — — — — — Total rent expense $ 109 $ 153 $ 77 $ 95 $ 434 Bonfire CityBase eCivis Questica Total Operating cash flows from operating leases $ 108 $ 163 $ 77 $ 34 $ 382 Right-of-use assets exchanged for operating lease liabilities $ — $ — $ — $ 3,140 $ 3,140 Weighted-average remaining lease term – operating leases 2.7 2.2 2.0 10.7 6.8 Weighted-average discount rate – operating leases 9.9 % 10.0 % 8.0 % 4.8 % 7.0 % Nine Months Ended September 30, 2019 (Successor/Predecessor Period) Bonfire CityBase eCivis Questica Total Operating leases Operating lease cost $ 210 $ 464 $ 232 $ 164 $ 1,070 Variable lease cost — — — — — Operating lease expense 210 464 232 164 1,070 Short-term lease rent expense — — — — — Total rent expense $ 210 $ 464 $ 232 $ 164 $ 1,070 Bonfire CityBase eCivis Questica Total Operating cash flows from operating leases $ 332 $ 485 $ 232 $ 101 $ 1,150 Right-of-use assets exchanged for operating lease liabilities $ 1,292 $ 1,541 $ 920 $ 3,450 $ 7,203 Weighted-average remaining lease term – operating leases 2.7 2.2 2.7 10.7 6.9 Weighted-average discount rate – operating leases 9.9 % 10.0 % 8.0 % 4.8 % 7.0 %
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	As of September 30, 2019, future minimum lease payments under non-cancellable operating are as follows (in thousands): Bonfire CityBase eCivis Questica Total Three months ended December 31, 2019 $ 113 $ 164 $ 77 $ 36 $ 390 Year Ended December 31, 2020 452 662 309 427 1,850 Year Ended December 31, 2021 463 458 309 408 1,638 Year Ended December 31, 2022 235 — 129 410 774 Year Ended December 31, 2023 — — — 365 365 Year Ended December 31, 2024 — — — 2,754 2,754 Total 1,263 1,284 824 4,400 7,771 Less present value discount (164) (126) (84) (1,013) (1,387) Operating lease liabilities $ 1,099 $ 1,158 $ 740 $ 3,387 $ 6,384

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following provides operating information about the Company’s reportable segments for the periods presented (in thousands): GTY Bonfire CityBase eCivis OpenCounter Questica Sherpa Eliminations Total Successor Three Months Ended September 30, 2019 Total revenue $ — $ 1,174 $ 1,551 $ 1,638 $ 407 $ 3,083 $ 901 $ — $ 8,754 Cost of goods sold — 277 958 454 105 653 136 — 2,583 Loss from operations (2,441) (1,634) (4,354) 17 (614) (537) (52) — (9,615) Successor February 19, 2019 through September 30, 2019 Total revenue $ — $ 2,385 $ 4,634 $ 3,200 $ 929 $ 6,311 $ 2,575 $ — $ 20,034 Cost of goods sold — 643 3,168 1,087 263 1,468 461 — 7,090 Loss from operations (21,989) (7,911) (12,821) (1,885) (1,363) (12,611) (2,750) — (61,330) Predecessor January 1, 2019 through February 18, 2019 Total revenue $ — $ 593 $ 820 $ 673 $ 298 $ 1,913 $ 631 $ 4,928 Cost of goods sold — 124 746 267 51 296 130 — 1,614 Loss from operations — (741) (1,499) (265) 46 550 354 — (1,555) Predecessor Three Months Ended September 30, 2018 Total revenue $ — $ 845 $ 1,640 $ 1,250 $ 393 $ 2,420 $ 1,069 $ — $ 7,617 Cost of goods sold — 216 1,225 457 135 498 59 — 2,590 Loss from operations — (1,478) (3,497) (444) (350) 114 697 — (4,958) Predecessor Nine Months Ended September 30, 2018 Total revenue $ — $ 2,255 $ 4,082 $ 3,745 $ 1,213 $ 7,583 $ 2,143 $ — $ 21,021 Cost of goods sold — 554 3,023 1,283 373 1,458 171 — 6,862 Loss from operations — (3,572) (7,691) (821) (348) 1,096 1,214 — (10,122) Successor As of September 30, 2019 Goodwill $ — $ 81,867 $ 119,945 $ 47,877 $ 22,525 $ 57,479 $ 3,283 $ — $ 332,976 Assets 395,679 107,026 161,734 62,005 31,490 96,796 6,796 (366,203) 495,323 Predecessor As of December 31, 2018 Goodwill $ — $ — $ 123 $ 585 $ — $ 1,810 $ — $ — $ 2,518 Assets — 6,329 7,215 2,621 316 11,710 1,377 — 29,568

Going Concern and Liquidity (De

Going Concern and Liquidity (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		7 Months Ended		9 Months Ended
	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Going Concern and Liquidity
Retained Earnings (Accumulated Deficit)		$ (48,512)		$ (48,512)	$ (48,512)	$ (48,512)		$ (44,951)
Net Income (Loss) Attributable to Parent	$ (1,713)	$ (8,700)	$ (6,384)		$ (59,154)	$ (59,154)	$ (10,884)
Net Cash Provided by (Used in) Operating Activities	$ 284			$ (49,843)			$ (3,945)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Fair Value, Measurements, Recurring [Member] $ in Thousands	Sep. 30, 2019USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 67,686
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	67,686
Contingent Consideration Current [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	12,208
Contingent Consideration Current [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Contingent Consideration Current [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Contingent Consideration Current [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	12,208
Contingent Consideration long term [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	55,478
Contingent Consideration long term [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Contingent Consideration long term [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Contingent Consideration long term [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 55,478

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Change in Level 3 liabilities (Details) - USD ($) $ in Thousands	1 Months Ended	7 Months Ended
	Feb. 18, 2019	Sep. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Change in valuation		$ (812)
Fair Value Of Contingent Consideration Liability		10
Fair Value Adjustments Of Contingent Consideration	$ 2,685	67,686
Bonfire [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Of Contingent Consideration Liability		325
CityBase [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Of Contingent Consideration Liability		48,410
eCivis [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Of Contingent Consideration Liability		5,859
Questica [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Of Contingent Consideration Liability		9,311
Sherpa [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Of Contingent Consideration Liability		$ 1,898

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended	12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor	Predecessor		Predecessor		Predecessor	Predecessor
Revenues			$ 4,928	$ 8,754	$ 7,617	$ 20,034	$ 21,021
Subscription and Circulation [Member]
Revenues			3,253	5,920	5,156	13,393	14,424
Professional Services [Member]
Revenues			1,269	2,449	1,369	5,287	4,604
License [Member]
Revenues			383	344	876	1,302	1,672
Asset Sales [Member]
Revenues			$ 23	$ 41	$ 216	$ 52	$ 321

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Stock option grant (Details)	Feb. 19, 2019$ / shares
Summary of Significant Accounting Policies
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price	$ 1.82
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	74.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.00%

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Net loss per share (Details)	9 Months Ended
	Sep. 30, 2019shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	28,316,919
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	27,093,334
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	944,962
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	278,623

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Deferred tax liabilities (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended
	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of Significant Accounting Policies
Balance as of February 19, 2019				$ (39,908)
Income tax benefit (associated with the amortization of intangible assets)	$ 0	$ 1,149	$ (658)	2,819	$ (658)
Balance - September 30, 2019	$ (39,908)	$ (37,089)		$ (37,089)

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Additinal information (Details) - USD ($)	1 Months Ended		2 Months Ended		3 Months Ended		7 Months Ended		9 Months Ended		12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 28, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 01, 2019
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor		Predecessor		Predecessor				Predecessor	Predecessor
Cash, FDIC Insured Amount					$ 250,000		$ 250,000	$ 250,000	$ 250,000		$ 250,000
Lease, Practical Expedients, Package [true false]									true
Operating Lease, Right-of-Use Asset					6,154,000		6,154,000	6,154,000	$ 6,154,000		0
Operating Lease, Liability					$ 6,384,000		6,384,000	$ 6,384,000	6,384,000
Concentration Risk, Percentage					68.00%			67.00%
Contract with Customer, Liability, Revenue Recognized			$ 2,200,000					$ 6,300,000		$ 8,100,000
Capitalized internal use software					$ 200,000			800,000
Increase in the aggregate consideration									$ 400,000
Conversion of stock consideration to cash									$ 0.04
Depreciation				$ 177,000			329,000			$ 480,000
Finite-Lived Intangible Asset, Useful Life									5 years
Allowance for Doubtful Accounts Receivable, Current											$ 0
Deferred Tax Liabilities, Net	$ 39,908,000			$ 39,908,000	$ 37,089,000		$ 37,089,000	$ 37,089,000	$ 37,089,000
Maximum [Member]
Property, Plant and Equipment, Useful Life									15 years
Minimum [Member]
Property, Plant and Equipment, Useful Life									5 years
Sales Revenue, Net [Member]
Concentration Risk, Percentage									90.00%
Sales Revenue, Net [Member] | Professional Services [Member]
Concentration Risk, Percentage					28.00%			26.00%
Sales Revenue, Net [Member] | License [Member]
Concentration Risk, Percentage					4.00%			6.00%
Accounts Receivable [Member] | UNITED STATES
Concentration Risk, Percentage											0.00%
Accounts Receivable [Member] | CANADA
Concentration Risk, Percentage									0.00%
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset												$ 3,600,000
Operating Lease, Liability												3,800,000
Deferred Rent Credit												$ 0

Business Combination - Summary

Business Combination - Summary of consideration paid (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Cash Consideration	$ 193,894
Stock Consideration	172,307
Contingent Consideration	65,803
Total	432,004
Adjusted Net Assets	5,910
Goodwill	332,976	$ 2,518
Intangibles	133,026
Deferred Tax Liability	39,908
Bonfire [Member]
Business Acquisition [Line Items]
Cash Consideration	50,971
Stock Consideration	50,078
Contingent Consideration	325
Total	101,374
Adjusted Net Assets	3,639
Goodwill	81,867
Intangibles	22,668
Deferred Tax Liability	6,800
CityBase holders [Member]
Business Acquisition [Line Items]
Cash Consideration	64,507
Stock Consideration	41,518
Contingent Consideration	48,410
Total	154,435
Adjusted Net Assets	782
Goodwill	119,945
Intangibles	48,155
Deferred Tax Liability	14,447
eCivis [Member]
Business Acquisition [Line Items]
Cash Consideration	18,073
Stock Consideration	31,256
Contingent Consideration	5,859
Total	55,188
Adjusted Net Assets	(1,788)
Goodwill	47,878
Intangibles	12,997
Deferred Tax Liability	3,899
Open Counter [Member]
Business Acquisition [Line Items]
Cash Consideration	10,958
Stock Consideration	17,455
Contingent Consideration	0
Total	28,413
Adjusted Net Assets	(1,441)
Goodwill	22,524
Intangibles	10,471
Deferred Tax Liability	3,141
Questica [Member]
Business Acquisition [Line Items]
Cash Consideration	44,494
Stock Consideration	31,000
Contingent Consideration	9,311
Total	84,805
Adjusted Net Assets	3,652
Goodwill	57,479
Intangibles	33,821
Deferred Tax Liability	10,147
Sherpa [Member]
Business Acquisition [Line Items]
Cash Consideration	4,891
Stock Consideration	1,000
Contingent Consideration	1,898
Total	7,789
Adjusted Net Assets	1,066
Goodwill	3,283
Intangibles	4,914
Deferred Tax Liability	$ 1,474

Business Combination - Prelimin

Business Combination - Preliminary allocation of consideration (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Cash	$ 14,470
Accounts receivable, net	3,951
Prepaid expense and other current assets	1,227
Fixed assets	887
Loan receivable - related party	175
Right of use assets	2,512
Other assets	2,243
Intangible assets	133,026
Goodwill	332,976	$ 2,518
Accounts payable and accrued expenses	(4,080)
Contract liabilities	(6,930)
Lease liability - short term	(662)
Deferred tax liability	(39,908)
Other current liabilities	(1,261)
Capital lease obligations - current portion	(139)
Contract and other long-term liabilities	(1,762)
Capital lease obligation, less current portion	(262)
Long term debt	(525)
Lease liability - long term	(1,903)
Contingent consideration - pre-existing	(2,031)
Total consideration	432,004
Bonfire [Member]
Business Acquisition [Line Items]
Cash	4,641
Accounts receivable, net	323
Prepaid expense and other current assets	607
Fixed assets	118
Loan receivable - related party	0
Right of use assets	1,315
Other assets	369
Intangible assets	22,668
Goodwill	81,867
Accounts payable and accrued expenses	(1,085)
Contract liabilities	(1,221)
Lease liability - short term	(366)
Deferred tax liability	(6,800)
Other current liabilities	0
Capital lease obligations - current portion	0
Contract and other long-term liabilities	(60)
Capital lease obligation, less current portion	0
Long term debt	0
Lease liability - long term	(1,002)
Contingent consideration - pre-existing	0
Total consideration	101,374
CityBase holders [Member]
Business Acquisition [Line Items]
Cash	2,191
Accounts receivable, net	1,018
Prepaid expense and other current assets	170
Fixed assets	500
Loan receivable - related party	175
Right of use assets	0
Other assets	783
Intangible assets	48,155
Goodwill	119,945
Accounts payable and accrued expenses	(1,192)
Contract liabilities	(816)
Lease liability - short term	0
Deferred tax liability	(14,447)
Other current liabilities	0
Capital lease obligations - current portion	(139)
Contract and other long-term liabilities	(1,646)
Capital lease obligation, less current portion	(262)
Long term debt	0
Lease liability - long term	0
Contingent consideration - pre-existing	0
Total consideration	154,435
eCivis [Member]
Business Acquisition [Line Items]
Cash	136
Accounts receivable, net	720
Prepaid expense and other current assets	340
Fixed assets	56
Loan receivable - related party	0
Right of use assets	901
Other assets	30
Intangible assets	12,997
Goodwill	47,878
Accounts payable and accrued expenses	(582)
Contract liabilities	(1,635)
Lease liability - short term	0
Deferred tax liability	(3,899)
Other current liabilities	(3)
Capital lease obligations - current portion	0
Contract and other long-term liabilities	(56)
Capital lease obligation, less current portion	0
Long term debt	0
Lease liability - long term	(901)
Contingent consideration - pre-existing	(794)
Total consideration	55,188
Open Counter [Member]
Business Acquisition [Line Items]
Cash	107
Accounts receivable, net	46
Prepaid expense and other current assets	0
Fixed assets	29
Loan receivable - related party	0
Right of use assets	0
Other assets	0
Intangible assets	10,471
Goodwill	22,524
Accounts payable and accrued expenses	(123)
Contract liabilities	(484)
Lease liability - short term	0
Deferred tax liability	(3,141)
Other current liabilities	(491)
Capital lease obligations - current portion	0
Contract and other long-term liabilities	0
Capital lease obligation, less current portion	0
Long term debt	(525)
Lease liability - long term	0
Contingent consideration - pre-existing	0
Total consideration	28,413
Questica [Member]
Business Acquisition [Line Items]
Cash	6,763
Accounts receivable, net	1,257
Prepaid expense and other current assets	77
Fixed assets	182
Loan receivable - related party	0
Right of use assets	296
Other assets	1,061
Intangible assets	33,821
Goodwill	57,479
Accounts payable and accrued expenses	(910)
Contract liabilities	(2,774)
Lease liability - short term	(296)
Deferred tax liability	(10,147)
Other current liabilities	(767)
Capital lease obligations - current portion	0
Contract and other long-term liabilities	0
Capital lease obligation, less current portion	0
Long term debt	0
Lease liability - long term	0
Contingent consideration - pre-existing	(1,237)
Total consideration	84,805
Sherpa [Member]
Business Acquisition [Line Items]
Cash	632
Accounts receivable, net	587
Prepaid expense and other current assets	33
Fixed assets	2
Loan receivable - related party	0
Right of use assets	0
Other assets	0
Intangible assets	4,914
Goodwill	3,283
Accounts payable and accrued expenses	(188)
Contract liabilities	0
Lease liability - short term	0
Deferred tax liability	(1,474)
Other current liabilities	0
Capital lease obligations - current portion	0
Contract and other long-term liabilities	0
Capital lease obligation, less current portion	0
Long term debt	0
Lease liability - long term	0
Contingent consideration - pre-existing	0
Total consideration	$ 7,789

Business Combination - Addition

Business Combination - Additional information (Details) - USD ($)	Feb. 19, 2019	Feb. 12, 2019	Feb. 12, 2019	Sep. 30, 2019	Mar. 31, 2019	Feb. 12, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross											$ 193,894,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable											172,307,000
Business Acquisition, Share Price	$ 10				$ 10
Increase in the aggregate consideration											$ 400,000
Business Combination Consideration In Conversion Stock											$ 0.04
Share Price	$ 12			$ 7.70				$ 7.70		$ 7.70	$ 7.70
Escrow Deposit	$ 3,100,000
Common Stock Held in Escrow	242,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	1,218,937
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross										408,667	408,667
Dividends unpaid per share	$ 10												$ 7.72
Weighted average price			5 days
Number of shares redeemed				500,000
Common stock conversion				$ 3,900,000
Cash transferred				$ 1,300,000
Debt Instrument, Interest Rate, Increase (Decrease)					1.00%
Temporary Equity Number Of Shares Redeemed				0				0		0	0		500,000
Business Combination, Acquisition Related Costs							$ 151,000	$ 442,000	$ 1,635,000	$ 33,191,000		$ 1,635,000
Business Acquisition, Transaction Costs				$ 33,200,000				$ 33,200,000		$ 33,200,000	$ 33,200,000
Maximum [Member]
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Minimum [Member]
Business Acquisition [Line Items]
Share Price				$ 20				$ 20		$ 20	$ 20
Debt Instrument, Interest Rate, Stated Percentage					8.00%
GTY Cayman [Member]
Business Acquisition [Line Items]
Sale of Stock, Number of Shares Issued in Transaction	380,937
Transfer Restriction [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 2,008,283
Bonfire Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	48,000,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 2,156,014
Business Acquisition, Share Price	$ 10
Decrease in the aggregate consideration								$ 100,000
Common Stock Held in Escrow	690,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	408,667
Bonfire Acquisition [Member] | Transfer Restriction [Member]
Business Acquisition [Line Items]
Business Acquisition Shares Exchange	2,093,612
CityBase [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 3,155,961
Increase in the aggregate consideration								$ 200,000
Business Combination Consideration In Conversion Stock								$ 0.04
Ecivis Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	14,000,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 2,883,433
Increase in the aggregate consideration								$ 500,000
Share Price	$ 12
Escrow Deposit	$ 3,600,000
Dividends unpaid per share	$ 10
Temporary Equity Number Of Shares Redeemed	525,060
Open Counter Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 9,700,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,580,990
Business Acquisition, Share Price	$ 10
Share Price	$ 12
Escrow Deposit	$ 1,300,000
Common Stock Held in Escrow	164,554
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
Temporary Equity Number Of Shares Redeemed	100,000
Questica Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross						$ 44,400,000
Share Price				$ 12				$ 12		$ 12	$ 12
Escrow Deposit				$ 100,000				$ 100,000		$ 100,000	$ 100,000
Common Stock Held in Escrow				800,000				800,000		800,000	800,000
Dividends Payable, Amount Per Share				$ 0.20				$ 0.20		$ 0.20	$ 0.20
Questica Acquisition [Member] | Before Sixty Days [Member]
Business Acquisition [Line Items]
Temporary Equity Value Of Shares Redeemed		$ 5,000,000
Conversion price				$ 7.72				$ 7.72		$ 7.72	$ 7.72
Questica Acquisition [Member] | After Sixty Days [Member]
Business Acquisition [Line Items]
Temporary Equity Value Of Shares Redeemed		$ 5,000,000
Dividends unpaid per share		$ 10	$ 10			$ 10
Sherpa Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 4,200,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 100,000
Business Acquisition, Share Price	$ 10
Decrease in the aggregate consideration								$ 200,000
Increase in the aggregate consideration								$ 400,000
Business Combination Consideration In Conversion Stock								$ 0.04
Escrow Deposit	$ 900,000
Debt Instrument, Interest Rate, Stated Percentage	5.50%
Sherpa Acquisition [Member] | Maximum [Member]
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Sherpa Acquisition [Member] | Minimum [Member]
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.00%
City Base Holders Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 62,200,000
Business Acquisition, Share Price	$ 10
Escrow Deposit	$ 2,100,000
Common Stock Held in Escrow	1,000,000
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
City Base Holders Acquisition [Member] | Maximum [Member]
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.00%
City Base Holders Acquisition [Member] | Minimum [Member]
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.00%
City Base Holders Acquisition [Member] | GTY Cayman [Member]
Business Acquisition [Line Items]
Sale of Stock, Consideration Received on Transaction	$ 3,800,000
Exchangeable Shares [Member] | Bonfire Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition Shares Exchange	2,161,741									193,645
Class A Exchangeable Shares [Member] | Questica Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition Shares Exchange						2,600,000
Class B Exchangeable Shares [Member] | Questica Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition Shares Exchange						1,000,000
Class C Exchangeable Shares [Member] | Questica Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition Shares Exchange						500,000

Intangible Assets (Successor)_2

Intangible Assets (Successor) (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended	7 Months Ended		9 Months Ended
	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					5 years
Finite-Lived Intangible Assets, Gross		$ 133,026	$ 133,026	$ 133,026	$ 133,026
Amortization of Intangible Assets	$ 32	3,830	9,395	9,395		$ 301
Finite-Lived Intangible Assets, Net		123,631	123,631	123,631	123,631
Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		58,322	58,322	58,322	58,322
Amortization of Intangible Assets				4,477
Finite-Lived Intangible Assets, Net		53,845	53,845	53,845	$ 53,845
Patents And Development Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					8 years
Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		17,505	17,505	17,505	$ 17,505
Amortization of Intangible Assets				1,241
Finite-Lived Intangible Assets, Net		16,264	16,264	16,264	$ 16,264
Trade Names And Trade Marks [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					10 years
Trade Names And Trade Marks [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					1 year
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					10 years
Finite-Lived Intangible Assets, Gross		55,999	55,999	55,999	$ 55,999
Amortization of Intangible Assets				3,432
Finite-Lived Intangible Assets, Net		52,567	52,567	52,567	$ 52,567
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					3 years
Finite-Lived Intangible Assets, Gross		1,200	1,200	1,200	$ 1,200
Amortization of Intangible Assets				245
Finite-Lived Intangible Assets, Net		955	955	955	955
Bonfire [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		22,668	22,668	22,668	22,668
Bonfire [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		10,197	10,197	10,197	10,197
Bonfire [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		3,491	3,491	3,491	3,491
Bonfire [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		8,723	8,723	8,723	8,723
Bonfire [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		257	257	257	257
CityBase [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		48,155	48,155	48,155	48,155
CityBase [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		31,789	31,789	31,789	31,789
CityBase [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		8,038	8,038	8,038	8,038
CityBase [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		7,840	7,840	7,840	7,840
CityBase [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		488	488	488	488
eCivis [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		12,997	12,997	12,997	12,997
eCivis [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		3,637	3,637	3,637	3,637
eCivis [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		2,573	2,573	2,573	2,573
eCivis [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		6,641	6,641	6,641	6,641
eCivis [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		146	146	146	146
Open Counter [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		10,471	10,471	10,471	10,471
Open Counter [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		5,469	5,469	5,469	5,469
Open Counter [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		1,217	1,217	1,217	1,217
Open Counter [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		3,678	3,678	3,678	3,678
Open Counter [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		107	107	107	107
Questica [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		33,821	33,821	33,821	33,821
Questica [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		6,090	6,090	6,090	6,090
Questica [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		1,880	1,880	1,880	1,880
Questica [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		25,721	25,721	25,721	25,721
Questica [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		130	130	130	130
Sherpa [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		4,914	4,914	4,914	4,914
Sherpa [Member] | Patents And Development Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		1,140	1,140	1,140	1,140
Sherpa [Member] | Trade Names And Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		306	306	306	306
Sherpa [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		3,396	3,396	3,396	3,396
Sherpa [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		$ 72	$ 72	$ 72	$ 72

Intangible Assets (Successor) -

Intangible Assets (Successor) - Estimated aggregate amortization expense (Details) $ in Thousands	Sep. 30, 2019USD ($)
Intangible Assets (Successor)
Three months ended December 31, 2019	$ 3,829
Year ended December 31, 2020	15,052
Year ended December 31, 2021	15,010
Year ended December 31, 2022	15,010
Year ended December 31, 2023	15,010
Year ended December 31, 2024	15,010
Thereafter	44,710
Total	$ 123,631

Intangible Assets (Successor)_3

Intangible Assets (Successor) - Additional infromation (Details) - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended		7 Months Ended		9 Months Ended	12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Intangible Assets (Successor)
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor	Predecessor		Predecessor			Predecessor	Predecessor
Amortization of Intangible Assets			$ 32	$ 3,830		$ 9,395	$ 9,395	$ 301

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Feb. 13, 2019	Sep. 30, 2019	Mar. 31, 2019
Related Party Transaction [Line Items]
Compensation Terms For Broker Dealer	an amount per share in cash equal to the difference between the redemption price and $9.90.
Cash Compensation Paid	$ 250,000
Repayments of Convertible Debt	$ 1,000,000
Payments For Loss On Sale Of Shares		$ 4,000,000
Debt Instrument, Face Amount			$ 1,000,000
Loss On Conversion Of Shares		$ 3,000,000
Debt Instrument, Convertible, Terms of Conversion Feature		the option to convert any amounts outstanding under the Convertible Note, up to $1.0 million in the aggregate, into warrants at a conversion price of $1.50 per warrant
Sponsor Convertible Note [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount		$ 1,000,000
Convertible Notes [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity		400,000
Debt Instrument, Face Amount		$ 1
Common Class A [Member]
Related Party Transaction [Line Items]
Redemption Price Per Share	$ 10.29
Common Stock Shares Issued To Broker	1,000,000
Shares Issued, Price Per Share	$ 9.90
Common Stock Shares Reimbursed Under Obligation	1,942,953
Common Stock shares Not Redeemed	1,500,000

Share-Based Compensation Stoc_3

Share-Based Compensation Stock Options (Details) $ / shares in Units, $ in Thousands	1 Months Ended	2 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Feb. 17, 2019	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)$ / sharesshares
Share-Based Compensation Stock Options
Number of Shares, Outstanding as of February 18, 2019 | shares			0
Number of Shares, Granted | shares			408,667	408,667
Number of Shares, Exercised | shares	(117)		(112,643)
Number of Shares, Forfeited/expired | shares			(17,401)
Number of Shares, Outstanding as of September 30, 2019 | shares	278,623		278,623	278,623
Number of Shares, Options vested and exercisable | shares	80,988		80,988	80,988
Weighted Average Exercise Price, Outstanding as of February 18, 2019			$ 0
Weighted Average Exercise Price, Granted			1.82
Weighted Average Exercise Price, Exercised			1.16
Weighted Average Exercise Price, Forfeited/expired			1.16
Weighted Average Exercise Price, Outstanding as of September 30, 2019	$ 2.13		2.13	$ 2.13
Weighted Average Exercise Price, Options vested and exercisable	$ 2.12		$ 2.12	$ 2.12
Weighted Average Remaining Contractual Life (in years)		0 years	8 years 2 months 12 days
Weighted Average Remaining Contractual Life (in years), Granted			8 years 2 months 12 days
Weighted Average Remaining Contractual Life (in years), Options vested and exercisable			8 years 1 month 6 days
Total Intrinsic Value, Outstanding as of February 18, 2019 | $			$ 0
Total Intrinsic Value, Granted			$ 0
Total Intrinsic Value, Outstanding as of September 30, 2019 | $	$ 1,316		$ 1,316	$ 1,316
Total Intrinsic Value, Options vested and exercisable | $	$ 383		$ 383	$ 383

Share-Based Compensation Stoc_4

Share-Based Compensation Stock Options - Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	7 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Unvested as of January 1, 2019		0
Number of Shares, Granted	1,049,237	1,049,237
Number of Shares, Forfeited/ Expired	(104,275)
Number of Shares, Unvested as of September 30, 2019	944,962	944,962
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Price, Unvested as of January 1, 2019		$ 0
Weighted Average Grant Price, Granted		9.53
Weighted Average Grant Price, Forfeited/ Expired	$ 0
Weighted Average Grant Price, Unvested as of September 30, 2019	$ 9.52	$ 9.52

Share-Based Compensation Stoc_5

Share-Based Compensation Stock Options - Additional information (Details) - USD ($)	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Feb. 19, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		408,667	408,667
Average closing price	$ 7.70	$ 7.70	$ 7.70	$ 12
Allocated Share-based Compensation Expense	$ 300,000	$ 2,400,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 1,200,000	$ 1,200,000	$ 1,200,000
Share based Compensation Arrangement by Sharebased Payment Award Options Grants in Period Fair Value			$ 3,600,000
Minimum [Member]
Average closing price	$ 20	$ 20	$ 20
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,049,237	1,049,237
Allocated Share-based Compensation Expense	$ 200,000	$ 400,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	8,500,000	$ 8,500,000	$ 8,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			1 year
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		2 years
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			758,550
Allocated Share-based Compensation Expense	$ 0

Leases (Details)

Leases (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Operating leases
Operating lease cost	$ 434	$ 1,070
Variable lease cost	0
Operating lease expense	434	1,070
Short-term lease rent expense	0
Total rent expense	434	1,070
Operating cash flows from operating leases	382	1,150
Right-of-use assets exchanged for operating lease liabilities	$ 3,140	$ 7,203
Weighted-average discount rate - operating leases	7.00%	7.00%
Bonfire [Member]
Operating leases
Operating lease cost	$ 109	$ 210
Variable lease cost	0
Operating lease expense	109	210
Short-term lease rent expense	0
Total rent expense	109	210
Operating cash flows from operating leases	$ 108	332
Right-of-use assets exchanged for operating lease liabilities		$ 1,292
Weighted-average remaining lease term - operating leases	2 years 8 months 12 days	2 years 8 months 12 days
Weighted-average discount rate - operating leases	9.90%	9.90%
CityBase [Member]
Operating leases
Operating lease cost	$ 153	$ 464
Variable lease cost	0
Operating lease expense	153	464
Short-term lease rent expense	0
Total rent expense	153	464
Operating cash flows from operating leases	$ 163	485
Right-of-use assets exchanged for operating lease liabilities		$ 1,541
Weighted-average remaining lease term - operating leases	2 years 2 months 12 days	2 years 2 months 12 days
Weighted-average discount rate - operating leases	10.00%	10.00%
eCivis [Member]
Operating leases
Operating lease cost	$ 77	$ 232
Variable lease cost	0
Operating lease expense	77	232
Short-term lease rent expense	0
Total rent expense	77	232
Operating cash flows from operating leases	$ 77	232
Right-of-use assets exchanged for operating lease liabilities		$ 920
Weighted-average discount rate - operating leases	8.00%	8.00%
Questica [Member]
Operating leases
Operating lease cost	$ 95	$ 164
Variable lease cost	0
Operating lease expense	95	164
Short-term lease rent expense	0
Total rent expense	95	164
Operating cash flows from operating leases	34	101
Right-of-use assets exchanged for operating lease liabilities	$ 3,140	$ 3,450
Weighted-average remaining lease term - operating leases	10 years 8 months 12 days	10 years 8 months 12 days
Weighted-average discount rate - operating leases	4.80%	4.80%

Leases - Future minimum lease p

Leases - Future minimum lease payments (Details) $ in Thousands	Sep. 30, 2019USD ($)
Three months ended December 31, 2019	$ 390
Year Ended December 31, 2020	1,850
Year Ended December 31, 2021	1,638
Year Ended December 31, 2022	774
Year Ended December 31, 2023	365
Year Ended December 31, 2024	2,754
Total	7,771
Less present value discount	(1,387)
Operating lease liabilities	6,384
Bonfire [Member]
Three months ended December 31, 2019	113
Year Ended December 31, 2020	452
Year Ended December 31, 2021	463
Year Ended December 31, 2022	235
Year Ended December 31, 2023	0
Year Ended December 31, 2024	0
Total	1,263
Less present value discount	(164)
Operating lease liabilities	1,099
CityBase [Member]
Three months ended December 31, 2019	164
Year Ended December 31, 2020	662
Year Ended December 31, 2021	458
Year Ended December 31, 2022	0
Year Ended December 31, 2023	0
Year Ended December 31, 2024	0
Total	1,284
Less present value discount	(126)
Operating lease liabilities	1,158
eCivis [Member]
Three months ended December 31, 2019	77
Year Ended December 31, 2020	309
Year Ended December 31, 2021	309
Year Ended December 31, 2022	129
Year Ended December 31, 2023	0
Year Ended December 31, 2024	0
Total	824
Less present value discount	(84)
Operating lease liabilities	740
Questica [Member]
Three months ended December 31, 2019	36
Year Ended December 31, 2020	427
Year Ended December 31, 2021	408
Year Ended December 31, 2022	410
Year Ended December 31, 2023	365
Year Ended December 31, 2024	2,754
Total	4,400
Less present value discount	(1,013)
Operating lease liabilities	$ 3,387

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases
Operating Lease, Liability	$ 6,384
Operating Lease, Right-of-Use Asset	$ 6,154	$ 0

Shareholder's Equity (Details)

Shareholder's Equity (Details)	1 Months Ended					2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)employee$ / sharesshares	Jul. 31, 2019USD ($)shares	Jun. 30, 2019USD ($)$ / sharesshares	Apr. 30, 2019USD ($)shares	Mar. 31, 2019USD ($)shares	Feb. 18, 2019USD ($)	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)	Feb. 19, 2019$ / shares	Feb. 12, 2019USD ($)$ / sharesshares	Dec. 31, 2018$ / sharesshares
Class of Stock [Line Items]
Common Stock, Shares Authorized	400,000,000						400,000,000		400,000,000	400,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001						$ 0.0001		$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	52,822,633						52,822,633		52,822,633	52,822,633
Preferred Stock, Shares Authorized	1,000,000						1,000,000		1,000,000	1,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001						$ 0.0001		$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding	52,207,635						52,207,635		52,207,635	52,207,635
Warrants and Rights Outstanding | $	$ 27,093,334						$ 27,093,334		$ 27,093,334	$ 27,093,334
Debt Instrument, Face Amount | $					$ 1,000,000
Debt Instrument, Interest Rate, Increase (Decrease)					1.00%
Temporary Equity Number Of Shares Redeemed	0		500,000				0		0	0
Temporary Equity, Redemption Price Per Share | $ / shares			$ 7.72									$ 10
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 11.50						$ 11.50		$ 11.50	$ 11.50
Stock Repurchased During Period, Value | $							$ 1,747,000			$ 5,160,000
Gain (Loss) From Repurchase Of Shares | $						$ 0	$ (128,000)	$ 0	$ (1,032,000)		$ 0
Stock Issued During Period, Private Placement of Common Stock | $	$ 25,500,000									$ 25,450,000
Share Price | $ / shares	$ 7.70						$ 7.70		$ 7.70	$ 7.70		$ 12
Number of Bonfire Employees | employee	2
Measurement Period Adjustment To Common Stock Issued For Acquisitions, Shares							4,150
Measurement Period Adjustment To Common Stock Issued For Acquisitions, Value | $							$ (42,000)
Payments of Stock Issuance Costs | $	$ 1,500,000
Difference of Acquistion Redemption Shares Price and Previously Agreed Redemption Price | $	$ 2,500,000
Cashless Stock Options Exercised	284
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	117								112,643
Temporary Equity Value Of Number of Shares Transferred to Permanent Equity | $			$ 3,900,000
Temporary Equity Value in Cash | $			1,300,000
Temporary Equity, Accretion to Redemption Value | $			$ 200,000
Warrants and Rights Redemption Price Per Share	0.01
Minimum [Member]
Class of Stock [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					8.00%
Share Price | $ / shares	$ 20						$ 20		$ 20	20
Sale of Stock, Price Per Share | $ / shares	$ 18						$ 18		$ 18	$ 18
Maximum [Member]
Class of Stock [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Subscription Agreements [Member]
Class of Stock [Line Items]
Common Stock Shares Surrendered													231,179
GTY Merger [Member]
Class of Stock [Line Items]
Temporary Equity Number Of Shares Redeemed	11,073,040						11,073,040		11,073,040	11,073,040
Temporary Equity, Redemption Price Per Share | $ / shares	$ 10.29						$ 10.29		$ 10.29	$ 10.29
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares										0
Private Placement [Member] | Subscription Agreements [Member]
Class of Stock [Line Items]
Sale Of Warrants													500,000
Warrants Issued Value | $													$ 250,000
Warrants Issued Price | $ / shares													$ 0.50
Warrants Stated Or Par Value Per Warrant | $ / shares													1
Treasury Stock [Member]
Class of Stock [Line Items]
Stock Repurchased During Period, Value | $		$ 2,500,000		$ 2,600,000			$ 1,747,000			$ 5,160,000
Stock Repurchased During Period, Shares		250,000		264,998
Stock Repurchased During Period, Value At Stock Price | $		$ 1,700,000		$ 2,400,000
Gain (Loss) From Repurchase Of Shares | $		$ 800,000		$ 200,000
Stock Issued During Period, Shares Private Placement of Common Stock	3,500,000
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized	400,000,000						400,000,000		400,000,000	400,000,000				400,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001						$ 0.0001		$ 0.0001	$ 0.0001				$ 0.0001
Common Stock, Shares, Issued	0						0		0	0
Common Stock, Shares, Outstanding	0				100,000		0		0	0
Temporary Equity Number Of Shares Redeemed	20,289,478						20,289,478		20,289,478	20,289,478
Stock Repurchased During Period, Value | $										$ 0
Stock Issued During Period, Private Placement of Common Stock | $										$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period										0
Temporary Equity Value Of Number Of Shares Redeemed | $	$ 114,000,000						$ 114,000,000		$ 114,000,000	$ 114,000,000
Temporary Equity Number of Shares Transferred to Permanent Equity	9,216,438						9,216,438		9,216,438	9,216,438
Temporary Equity Value Of Number of Shares Transferred to Permanent Equity | $	$ 88,900,000						$ 88,900,000		$ 88,900,000	$ 88,900,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $	$ 1,100,000
Stock Issued During Period, Shares, Acquisitions										0
Common Class A [Member] | Subscription Agreements [Member]
Class of Stock [Line Items]
Common Stock, Par or Stated Value Per Share | $ / shares													$ 10
Common Stock, Shares, Issued													12,863,098
Common Stock, Value, Subscriptions | $													$ 126,400,000
Common Class A [Member] | Subscription Agreements [Member] | CityBase holders [Member]
Class of Stock [Line Items]
Common Stock, Par or Stated Value Per Share | $ / shares													$ 10
Common Stock, Shares, Issued													380,937
Common Stock, Value, Subscriptions | $													$ 3,800,000
Common Class A [Member] | GTY Merger [Member]
Class of Stock [Line Items]
Number Of Shares Exchanged During Period	22,978,520
Common Class A [Member] | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	2,600,000
Common Class B [Member]
Class of Stock [Line Items]
Stock Repurchased During Period, Value | $										$ 0
Stock Issued During Period, Private Placement of Common Stock | $										$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period										0
Stock Issued During Period, Shares, Acquisitions										0
Common Class B [Member] | GTY Merger [Member]
Class of Stock [Line Items]
Number Of Shares Exchanged During Period	13,568,821
Number Of Shares Issued Upon Exchange	36,547,341
Common Class B [Member] | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	1,000,000
Series A Common Stock [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	11,973,154
Redeemeble Common Stock [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	3,937,907
Common Class C [Member] | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	500,000
Exchangeable Shares [Member] | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions	2,161,741
Exchangeable Shares [Member] | Bonfire [Member]
Class of Stock [Line Items]
Business Acquisition Shares Exchange				193,645

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended	12 Months Ended
	Feb. 18, 2019	Jan. 31, 2019	Feb. 18, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Predecessor	Predecessor		Predecessor		Predecessor	Predecessor
Total revenues			$ 4,928	$ 8,754	$ 7,617	$ 20,034	$ 21,021
Cost of revenues			1,614	2,583	2,590	7,090	6,862
Loss from operations			(1,555)	(9,615)	(4,958)	(61,330)	(10,122)
Goodwill				332,976		332,976		$ 2,518
Assets				495,323		495,323		29,568
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total revenues			0	0	0	0	0
Cost of revenues			0	0	0	0	0
Loss from operations			0	(2,441)	0	(21,989)	0
Goodwill				0		0		0
Assets				395,679		395,679		0
Bonfire [Member]
Segment Reporting Information [Line Items]
Total revenues			593	1,174	845	2,385	2,255
Cost of revenues			124	277	216	643	554
Loss from operations			(741)	(1,634)	(1,478)	(7,911)	(3,572)
Goodwill				81,867		81,867		0
Assets				107,026		107,026		6,329
CityBase [Member]
Segment Reporting Information [Line Items]
Total revenues			820	1,551	1,640	4,634	4,082
Cost of revenues			746	958	1,225	3,168	3,023
Loss from operations			(1,499)	(4,354)	(3,497)	(12,821)	(7,691)
Goodwill				119,945		119,945		123
Assets				161,734		161,734		7,215
eCivis [Member]
Segment Reporting Information [Line Items]
Total revenues			673	1,638	1,250	3,200	3,745
Cost of revenues			267	454	457	1,087	1,283
Loss from operations			(265)	17	(444)	(1,885)	(821)
Goodwill				47,877		47,877		585
Assets				62,005		62,005		2,621
Open Counter [Member]
Segment Reporting Information [Line Items]
Total revenues			298	407	393	929	1,213
Cost of revenues			51	105	135	263	373
Loss from operations			46	(614)	(350)	(1,363)	(348)
Goodwill				22,525		22,525		0
Assets				31,490		31,490		316
Questica [Member]
Segment Reporting Information [Line Items]
Total revenues			1,913	3,083	2,420	6,311	7,583
Cost of revenues			296	653	498	1,468	1,458
Loss from operations			550	(537)	114	(12,611)	1,096
Goodwill				57,479		57,479		1,810
Assets				96,796		96,796		11,710
Sherpa [Member]
Segment Reporting Information [Line Items]
Total revenues			631	901	1,069	2,575	2,143
Cost of revenues			130	136	59	461	171
Loss from operations			354	(52)	697	(2,750)	1,214
Goodwill				3,283		3,283		0
Assets				6,796		6,796		1,377
Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenues			0	0	0	0	0
Cost of revenues			0	0	0	0	0
Loss from operations			$ 0	0	$ 0	0	$ 0
Goodwill				0		0		0
Assets				$ (366,203)		$ (366,203)		$ 0

Segment Reporting - Additional

Segment Reporting - Additional Infomation (Details)	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	68.00%	67.00%
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage			90.00%