GTY Technology (GTYH) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	GTY Technology Holdings Inc.
Entity File Number	001-37931
Entity Tax Identification Number	83-2860149
Entity Central Index Key	0001682325
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	MA
Entity Address, Address Line One	1180 North Town Center Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89144
City Area Code	702
Local Phone Number	945-2898
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	GTYH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Amendment Flag	false
Entity Common Stock, Shares Outstanding		53,892,941

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
CONDENSED CONSOLIDATED BALANCE SHEETS
Financial Designation, Predecessor and Successor [Fixed List]	Successor	Successor
Current assets:
Cash and cash equivalents	$ 5,990	$ 5,990	$ 8,374
Accounts receivable, net	10,919	10,919	9,184
Prepaid expenses and other current assets	3,803	3,803	3,047
Total current assets	20,712	20,712	20,605
Property and equipment, net	5,195	5,195	3,185
Right of use assets	4,955	4,955	5,876
Intangible assets, net	108,473	108,473	115,788
Goodwill	286,635	286,635	286,635
Other assets	2,715	2,715	2,304
Total assets	428,685	428,685	434,393
Current liabilities:
Accounts payable and accrued expenses	6,979	6,979	8,443
Contract liabilities - current portion	17,982	17,982	17,346
Financing lease obligations - current portion	573	573	555
Operating lease liability - current portion	1,867	1,867	1,851
Contingent consideration - current portion	10,685	10,685	12,680
Term loans, net - current portion	11,545	11,545
Total current liabilities	49,631	49,631	40,875
Contract and other long-term liabilities	2,237	2,237	1,264
Deferred tax liability	17,657	17,657	20,276
Financing lease obligations - less current portion	461	461	811
Operating lease liability - less current portion	3,393	3,393	4,311
Term loans, net	3,210	3,210
Contingent consideration - less current portion	41,230	41,230	41,233
Total liabilities	117,819	117,819	108,770
Commitments and contingencies
Shareholders' equity:
Common stock	5	5	5
Exchangeable shares	40,918	40,918	45,681
Additional paid in capital	382,232	382,232	369,756
Accumulated other comprehensive income	1,466	1,466	370
Treasury stock	(5,174)	(5,174)	(5,174)
Accumulated deficit	(108,581)	(108,581)	(85,015)
Total shareholders' equity	310,866	310,866	325,623
Total liabilities and shareholders' equity	$ 428,685	$ 428,685	$ 434,393

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Successor	Successor	Successor	Successor
Revenues	$ 4,928	$ 11,164	$ 8,246	$ 11,280	$ 22,440
Cost of revenues	1,614	4,394	2,931	4,507	8,921
Gross Profit	3,314	6,770	5,315	6,773	13,519
Operating expenses
Sales and marketing	1,394	3,667	4,159	5,537	8,521
General and administrative	1,749	4,491	7,676	10,030	11,940
Research and development	1,580	2,573	3,135	4,607	6,371
Amortization of intangible assets	32	3,642	3,872	5,565	7,315
Acquisition costs	151		(2,280)	32,749
Restructuring charges		198			3,664
Change in fair value of contingent consideration	(37)				29
Total operating expenses	4,869	14,571	16,562	58,488	37,840
Loss from operations	(1,555)	(7,801)	(11,247)	(51,715)	(24,321)
Other income (expense)
Interest income (expense), net	(170)	(436)	(108)	313	(672)
Gain (loss) from repurchase/issuance of shares		666	(904)	(904)	(1,390)
Other income (loss), net	12	634	187	182	1,133
Total other income (expense), net	(158)	864	(825)	(409)	(929)
Loss before income taxes	(1,713)	(6,937)	(12,072)	(52,124)	(25,250)
Benefit from (provision for) income taxes		(837)	1,670	1,670	1,684
Net loss	(1,713)	(7,774)	(10,402)	(50,454)	(23,566)
Deemed dividend for Exchangeable Shares - Series C			(183)	(183)
Net loss applicable to common shareholders	(1,713)	$ (7,774)	$ (10,585)	$ (50,637)	$ (23,566)
Net loss per share, basic and diluted		$ (0.15)	$ (0.22)	$ (1.03)	$ (0.44)
Weighted average common shares outstanding, basic and diluted		53,481	49,159	48,943	53,028
Other comprehensive loss:
Foreign currency translation gain (loss)		$ (953)	$ 186	$ 186	$ 1,096
Total other comprehensive gain (loss)		(953)	186	186	1,096
Comprehensive loss	$ (1,713)	$ (8,727)	$ (10,216)	$ (50,268)	$ (22,470)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Class A	Common Class B	Common Stock [Member]	Exchangeable Shares	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Financial Designation, Predecessor and Successor [Fixed List]									Predecessor
Beginning Balance at Dec. 31, 2018									$ (37,142)
Net loss									(1,713)
Share-based compensation									61
Stock option exercises									13
Shareholders'/Members' equity activity									5,629
Balance at Feb. 18, 2019		$ 1					$ 9,920		9,921
Balance (in shares) at Feb. 18, 2019	898,984	13,568,821
Ending Balance at Feb. 18, 2019									(33,152)
Beginning Balance at Dec. 31, 2018									(37,142)
Common Stock repurchases									$ (2,600)
Common Stock repurchases (in shares)									(266,366)
Balance at Dec. 31, 2019			$ 5	$ 45,681	$ 369,756	$ (5,174)	(85,015)	$ 370	$ 325,623
Balance (in shares) at Dec. 31, 2019			52,303,862	5,568,096
Financial Designation, Predecessor and Successor [Fixed List]									Successor
Beginning Balance at Feb. 18, 2019									$ (33,152)
Balance at Feb. 18, 2019		$ 1					9,920		9,921
Balance (in shares) at Feb. 18, 2019	898,984	13,568,821
Net loss							(50,454)		(50,454)
Ordinary shares no longer subject to possible redemption	$ 1				88,190		722		88,913
Ordinary shares no longer subject to possible redemption (in shares)	9,216,438
Private placement of Class A shares, net of costs	$ 2				125,256				125,258
Private placement of Class A shares, net of costs (in shares)	12,863,098
Exchange of shares in GTY Merger	$ (3)	$ (1)	$ 4
Exchange of shares in GTY Merger (in shares)	(22,978,520)	(13,568,821)	36,547,341
Common stock issued for acquisitions			$ 1		119,730				119,731
Common stock issued for acquisitions (in shares)			11,973,154
Shares convertible into Common Stock issued for acquisitions				$ 47,617					47,617
Shares convertible into Common Stock issued for acquisitions (in shares)				5,761,741
Foreign currency translation gain								186	186
Share-based compensation					2,311				2,311
Private placement of Common Stock, net of costs					25,450				25,450
Private placement of Common Stock, net of costs (in shares)			3,500,000
Common Stock repurchases						(3,413)			(3,413)
Common Stock repurchases (in shares)			(364,998)
Stock option exercises (in shares)			117
Deemed dividend for Exchangeable Shares - Class C					(183)				(183)
Common stock issued for exchangeable shares - Class C					3,860				3,860
Common stock issued for exchangeable shares - Class C (in shares)			500,000
Balance at Jun. 30, 2019			$ 5	$ 47,617	364,614	(3,413)	(39,812)	186	$ 369,197
Balance (in shares) at Jun. 30, 2019			52,155,614	5,761,741
Financial Designation, Predecessor and Successor [Fixed List]									Successor
Balance at Mar. 31, 2019			$ 5	$ 47,617	333,727	(1,000)	(29,410)		$ 350,939
Balance (in shares) at Mar. 31, 2019			48,420,495	5,761,741
Net loss							(10,402)		(10,402)
Foreign currency translation gain								186	186
Share-based compensation					1,760				1,760
Private placement of Common Stock, net of costs					25,450				25,450
Private placement of Common Stock, net of costs (in shares)			3,500,000
Common Stock repurchases						(2,413)			(2,413)
Common Stock repurchases (in shares)			(264,998)
Stock option exercises (in shares)			117
Deemed dividend for Exchangeable Shares - Class C					(183)				(183)
Common stock issued for exchangeable shares - Class C					3,860				3,860
Common stock issued for exchangeable shares - Class C (in shares)			500,000
Balance at Jun. 30, 2019			$ 5	$ 47,617	364,614	(3,413)	(39,812)	186	$ 369,197
Balance (in shares) at Jun. 30, 2019			52,155,614	5,761,741
Financial Designation, Predecessor and Successor [Fixed List]									Successor
Balance at Dec. 31, 2019			$ 5	$ 45,681	369,756	(5,174)	(85,015)	370	$ 325,623
Balance (in shares) at Dec. 31, 2019			52,303,862	5,568,096
Net loss							(23,566)		(23,566)
Foreign currency translation gain								1,096	1,096
Share-based compensation					4,314				4,314
Share Redemption value					2,056				2,056
Share Redemption Incremental Shares Issued (in shares)			334,254
Stock option exercises					9				$ 9
Stock option exercises (in shares)			8,080						112,526
Shares Issued for contingent consideration					1,334				$ 1,334
Shares Issued for contingent consideration (in shares)			336,965
Vested and settled restricted stock units (in shares)			345,230
Common stock issued for exchangeable shares - Class C				$ (4,763)	4,763
Common stock issued for exchangeable shares - Class C (in shares)			476,296	(476,296)
Balance at Jun. 30, 2020			$ 5	$ 40,918	382,232	(5,174)	(108,581)	1,466	$ 310,866
Balance (in shares) at Jun. 30, 2020			53,804,687	5,091,800
Financial Designation, Predecessor and Successor [Fixed List]									Successor
Balance at Mar. 31, 2020			$ 5	$ 43,220	377,572	(5,174)	(100,807)	2,419	$ 317,235
Balance (in shares) at Mar. 31, 2020			52,919,162	5,321,999
Net loss							(7,774)		(7,774)
Foreign currency translation gain								(953)	(953)
Share-based compensation					1,019				1,019
Stock option exercises					5				5
Stock option exercises (in shares)			4,381
Shares Issued for contingent consideration					1,334				1,334
Shares Issued for contingent consideration (in shares)			336,965
Vested and settled restricted stock units (in shares)			313,980
Common stock issued for exchangeable shares - Class C				$ (2,302)	2,302
Common stock issued for exchangeable shares - Class C (in shares)			230,199	(230,199)
Balance at Jun. 30, 2020			$ 5	$ 40,918	$ 382,232	$ (5,174)	$ (108,581)	$ 1,466	$ 310,866
Balance (in shares) at Jun. 30, 2020			53,804,687	5,091,800

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	2 Months Ended	4 Months Ended	6 Months Ended
	Feb. 18, 2019	Jun. 30, 2019	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Financial Designation, Predecessor and Successor [Fixed List]	Predecessor	Successor	Successor
Cash flows from operating activities:
Net loss	$ (1,713)	$ (50,454)	$ (23,566)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property and equipment	177	185	213
Amortization of intangible assets	32	5,565	7,315
Amortization of right of use assets	165	256	719
Share-based compensation	61	2,311	4,314
Deferred income tax benefit		(1,670)	(1,684)
Loss on issuance of shares			1,390
Amortization of deferred debt issuance costs			213
Bad debt expense	6	11	65
Foreign exchange loss on payment of vested options		14
Change in fair value of contingent consideration	(37)		29
Change in fair value of warrant liability	(18)
Changes in operating assets and liabilities:
Accounts receivable	2,190	(4,365)	(1,886)
Prepaid expenses and other assets	202	(816)	(1,220)
Accounts payable and accrued liabilities	(781)	4,991	(1,571)
Contract and other long-term liabilities			2,099
Operating lease liabilities			(741)
Net cash (used in) provided by operating activities	284	(43,972)	(14,311)
Cash flows from investing activities:
Proceeds from cash held in trust		217,642
Sale of marketable securities	1,531
Acquisitions, net of cash acquired		(179,008)
Capitalization of internal-use software			(309)
Capital expenditures	(15)	(621)	(1,944)
Net cash (used in) provided by investing activities	1,516	38,013	(2,253)
Cash flows from financing activities:
Proceeds from borrowings, net of issuance costs	35		14,543
Repayments of borrowings	(69)	(409)
Contingent consideration payments			(27)
Stock options exercises	13		9
Member distribution	(500)
Common stock repurchases		(3,413)
Redemption of Class A Ordinary Shares		(113,982)
Redemption of Exchangeable Shares - Class C		(1,323)
Proceeds received from private placement of Class A shares, net of costs		125,258
Proceeds received from private placement of Common Stock, net of costs		25,450
Proceeds from disposal of fixed assets	1		30
Repayments of finance lease obligations	(19)	(131)	(282)
Net cash provided by (used in) financing activities	(539)	31,450	14,273
Effect of foreign currency on cash	(721)	(99)	(93)
Net change in cash and cash equivalents	540	25,392	(2,384)
Cash and cash equivalents, beginning of period		52	8,374
Cash and cash equivalents, end of period	52	25,444	5,990
Cash - beginning of the year	13,929	14,469	8,374
Cash - end of the year	$ 14,469		5,990
Supplemental disclosure of cash flow information:
Cash paid for interest			183
Noncash Investing and Financing Activities:
Shares issued for contingent consideration			$ 1,334
Shares issued for the Acquisition		172,349
Reduction in convertible note liability		1,000
Capital leases		$ 1,363

Organization and Business Opera

Organization and Business Operations	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
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 $108.6 million at June 30, 2020, a net loss of approximately $23.6 million and approximately $14.3 million net cash used in operating activities for the six months ended June 30, 2020. 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 Quarterly Report on Form 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. ​ Management continues to evaluate the impact of the COVID-19 pandemic on its industry and has concluded that, while it is reasonably possible that the virus could have a negative effect on the Company’s financial position and results of its operations, the specific impact is not readily determinable as of the date of these condensed consolidated financial statements. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. ​

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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, 2019 filed with the Securities and Exchange Commission (“SEC”) on March 13, 2020. 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”) and (ii) the periods after consummation of the Acquisition, which includes the period after the Closing Date to June 30, 2019 (“2019 Successor Period) and the three and six months ended June 30, 2020. 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 11, Shareholders’ Equity) investments and transaction expenses, were nominal. The Company believes that Predecessor activities related to investments, intangible assets, share-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 three months and six months ended June 30, 2020 and 2019 Successor Period condensed consolidated financial statements include all accounts of the Company and its subsidiaries. The 2019 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. 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, the useful lives of intangible assets, share-based compensation, right of use assets, financing and operating lease liabilities, contingent consideration and the valuation allowance of deferred tax assets resulting from net operating losses. Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as filed with the SEC on March 13, 2020. ​ 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 June 30, 2020, 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 Significant ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ Balance as of ​ for Identical ​ Observable ​ Unobservable ​ ​ June 30, ​ Assets ​ Inputs ​ Inputs ​ ​ 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) Contingent consideration – current ​ $ 10,685 ​ $ — ​ $ — ​ $ 10,685 Contingent consideration – long term ​ 41,230 ​ — ​ — ​ 41,230 Total liabilities measured at fair value ​ $ 51,915 ​ $ — ​ $ — ​ $ 51,915 ​ There were no transfers made among the three levels in the fair value hierarchy during the three months ended June 30, 2020. 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 December 31, 2019 to June 30, 2020 were as follows (in thousands): ​ ​ ​ ​ ​ Contingent consideration – December 31, 2019 $ 53,913 Change in fair value of contingent consideration ​ 29 Issuance of common stock for contingent consideration ​ ​ (2,000) Payments of contingent consideration ​ ​ (27) Contingent consideration – June 30, 2020 ​ $ 51,915 ​ The change in fair value of contingent consideration was due to the attainment of certain milestones by Questica and Sherpa. 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, and term loan 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. ​ Disaggregation of Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ Predecessor ​ ​ ​ ​ ​ ​ ​ February 19, ​ ​ January 1, 2019 ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ 2019 through ​ ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ ​ February 18, ​ 2020 ​ 2019 ​ 2020 2019 ​ 2019 Subscriptions, support and maintenance ​ $ 8,434 ​ $ 5,456 ​ $ 16,158 $ 7,473 ​ ​ $ 3,253 Professional services ​ 2,458 ​ 2,116 ​ 5,627 2,838 ​ ​ 1,269 License ​ 243 ​ 663 ​ 626 958 ​ ​ 383 Asset sales ​ 29 ​ 11 ​ 29 11 ​ ​ 23 Total revenues ​ $ 11,164 ​ $ 8,246 ​ $ 22,440 $ 11,280 ​ ​ $ 4,928 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues Subscription, support and maintenance 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 on-premise support or maintenance pertaining to license sales. Revenues from on-premise support are recognized on a straight-line basis over the support period. Revenues from subscription, support and maintenance comprised approximately 72%, 66% and 66% of total revenues for the six months ended June 30, 2020, the 2019 Successor Period and the 2019 Predecessor Period, respectively. Professional services License . Asset sales. Restructuring Charges On March 30, 2020, the Company implemented a global restructuring plan which resulted in an approximate 10% reduction of the Company’s workforce. This action was intended to streamline the Company’s operational reporting and reduce operating cash outflows. The Company recorded pre-tax restructuring charges of approximately $3.7 million which is comprised of one-time employee termination benefits paid over a weighted average period of approximately 10 months. Approximately $2.1 million was included in accounts payable and accrued expenses in the Company’s unaudited condensed consolidated balance sheet as of June 30, 2020. ​ Net Loss per Share Net loss per share of common stock is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed similar to basic net income per share of common stock 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 three and six months ended June 30, 2020 and during the 2019 Successor Period, diluted and basic loss per share are the same. Securities that could potentially dilute net loss per share in the future that were not included in the computation of diluted loss per share at June 30, 2020 are as follows: ​ ​ ​ ​ Warrants to purchase common stock 27,093,334 Unvested restricted stock units 3,333,152 Options to purchase common stock 251,771 Total 30,678,257 ​ Income Taxes In determining the quarterly benefit from income taxes, the Company uses the annual estimated effective tax rate applied to the actual year-to-date loss, adjusted for discrete items arising in that quarter. The Company’s annual estimated effective tax rate differs from the U.S. federal statutory rate of 21% as a result of state taxes, foreign taxes and changes in the Company’s valuation allowance for domestic income taxes. For the three and six months ended June 30, 2020, three months ended June 30, 2019 and the 2019 Successor Period, the Company recorded a $(0.8) million, $1.7 million, $1.7 million and $1.7 million benefit from (provision for) income taxes, respectively. During the 2019 Predecessor Period, the Company did not record a provision or benefit from income taxes. ​ Recently Adopted Accounting Pronouncements On January 1, 2020, we adopted Accounting Standards Update (“ASU”) No. 2018-13, Changes to Disclosure Requirements for Fair Value Measurements (Topic 820), which improved the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. On January 1, 2020, we adopted 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 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. The adoption of new standard did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes , which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. ASU 2019-12 is effective for us in the first quarter of fiscal year 2022. The Company has not determined the impact of this guidance on its financial statements.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2020
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 merger 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 acquisition agreement (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”) were subject to transfer restrictions for one year following the business combination. 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. For the year ended December 31, 2019, 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 were subject to the same transfer restrictions, discussed above. For the year ended December 31, 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 acquisition agreement (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 year ended December 31, 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 million of stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor. eCivis Acquisition Under the eCivis acquisition agreement (the “eCivis Agreement”) and the related eCivis letter agreement (“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 were subject to transfer restrictions for one year. 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 year ended December 31, 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 acquisition agreement (the “Open Counter Agreement”) and the related letter agreement (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 (the “OC Redeemable Shares”). 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. 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 acquisition agreement (the “Questica Agreement”) and the related letter agreement (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 were subject to transfer restrictions for one year. 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 acquisition agreement (the “Sherpa Agreement”) and the related letter agreement (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 The following is a summary of the initial consideration paid and issued to each Acquired Company (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ ​ Cash ​ Stock ​ Contingent ​ ​ ​ ​ Adjusted ​ ​ ​ ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles ​ Liability Bonfire ​ $ 51,068 ​ $ 50,078 (1) $ 325 ​ $ 101,471 ​ $ 3,639 ​ $ 81,964 ​ $ 22,668 ​ $ 6,800 CityBase ​ 64,261 ​ 41,560 ​ 48,410 ​ 154,231 ​ 782 ​ 119,741 ​ 48,155 ​ 14,447 eCivis ​ 17,592 ​ 31,256 ​ 5,859 ​ 54,707 ​ (1,788) ​ 47,397 ​ 12,997 ​ 3,899 Open Counter ​ 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 ​ 5,105 ​ 1,000 ​ 1,898 ​ 8,003 ​ 1,066 ​ 3,497 ​ 4,914 ​ 1,474 Total ​ $ 193,478 ​ $ 172,349 ​ $ 65,803 ​ $ 431,630 ​ $ 5,910 ​ $ 332,602 ​ $ 133,026 ​ $ 39,908 ​ (1) Includes $21.6 million of convertible stock consideration (2) Includes $31.0 million of convertible stock consideration During the year ended December 31, 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, (ii) the conversion of $0.04 million of stock consideration to cash consideration for the correction of an investor’s status to a non-accredited investor, and (iii) a decrease in intangible assets $4.4 million, (iv) a decrease in contingent consideration as a result of the Acquisition of $7.5 million and (v) a decrease in the related deferred tax liability of $11.0 million due to updated information regarding facts and circumstances which existed as of the date of the business combination. The Measurement Period Adjustments resulted in a net decrease to goodwill of $13.8 million. ​ The following table is a summary of the measurement period adjustments to consideration paid and issued to each Acquired Company (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ Cash Stock ​ Contingent ​ ​ Adjusted ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles Liability Bonfire ​ $ (97) ​ $ — ​ $ — ​ $ (97) ​ $ — ​ $ (299) ​ $ 202 ​ $ — CityBase ​ 246 ​ (42) ​ (7,535) ​ (7,331) ​ — ​ (13,384) ​ (2,241) ​ (8,294) eCivis ​ 481 ​ — ​ — ​ 481 ​ — ​ 990 ​ (1,071) ​ (562) Open Counter ​ — ​ — ​ — ​ — ​ — ​ (568) ​ (139) ​ (707) Questica ​ — ​ — ​ — ​ — ​ — ​ 492 ​ (492) ​ — Sherpa ​ (214) ​ — ​ — ​ (214) ​ — ​ (1,000) ​ (688) ​ (1,474) Total ​ $ 416 ​ $ (42) ​ $ (7,535) ​ $ (7,161) ​ $ — ​ $ (13,769) ​ $ (4,429) ​ $ (11,037) ​ The following table is a summary of the final consideration paid and issued to each Acquired Company including the Measurement Period Adjustments (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ Cash Stock ​ Contingent ​ ​ Adjusted ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles Liability Bonfire ​ $ 50,971 ​ $ 50,078 (1) $ 325 ​ $ 101,374 ​ $ 3,639 ​ $ 81,665 ​ $ 22,870 ​ $ 6,800 CityBase ​ 64,507 ​ 41,518 ​ 40,875 ​ 146,900 ​ 782 ​ 106,357 ​ 45,914 ​ 6,153 eCivis ​ 18,073 ​ 31,256 ​ 5,859 ​ 55,188 ​ (1,788) ​ 48,387 ​ 11,926 ​ 3,337 Open Counter ​ 10,958 ​ 17,455 ​ — ​ 28,413 ​ (1,441) ​ 21,956 ​ 10,332 ​ 2,434 Questica ​ 44,494 ​ 31,000 (2) 9,311 ​ 84,805 ​ 3,652 ​ 57,971 ​ 33,329 ​ 10,147 Sherpa ​ 4,891 ​ 1,000 ​ 1,898 ​ 7,789 ​ 1,066 ​ 2,497 ​ 4,226 ​ — Total ​ $ 193,894 ​ $ 172,307 ​ $ 58,268 ​ $ 424,469 ​ $ 5,910 ​ $ 318,833 ​ $ 128,597 ​ $ 28,871 ​ (1) Includes $21.6 million of convertible stock consideration (2) Includes $31.0 million of convertible stock consideration The following table represents the final allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values, including the Measurement Period Adjustments discussed above (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Open Counter Questica Sherpa Total Cash ​ $ 4,641 ​ $ 2,191 ​ $ 136 ​ $ 107 ​ $ 6,762 ​ $ 632 ​ $ 14,469 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 ​ 22,870 ​ 45,914 ​ 11,926 ​ 10,332 ​ 33,329 ​ 4,226 ​ 128,597 Goodwill ​ 81,665 ​ 106,357 ​ 48,387 ​ 21,956 ​ 57,971 ​ 2,497 ​ 318,833 Accounts payable and accrued expenses ​ (1,085) ​ (1,192) ​ (586) ​ (124) ​ (909) ​ (188) ​ (4,084) Contract liabilities ​ (1,221) ​ (816) ​ (1,635) ​ (483) ​ (2,774) ​ — ​ (6,929) Lease liability - short term ​ (366) ​ — ​ — ​ — ​ (296) ​ — ​ (662) Deferred tax liability ​ (6,800) ​ (6,153) ​ (3,337) ​ (2,434) ​ (10,147) ​ — ​ (28,871) 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 ​ — ​ — ​ (790) ​ — ​ (1,237) ​ — ​ (2,027) Total consideration ​ $ 101,374 ​ $ 146,900 ​ $ 55,188 ​ $ 28,413 ​ $ 84,805 ​ $ 7,789 ​ $ 424,469 ​ Transaction Costs Transaction costs incurred by the Company associated with the Acquisition were $37.0 million from February 19, 2019 through December 31, 2019. ​

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2020
Intangible Assets
Intangible Assets	Note 5. Intangible Assets 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 June 30, 2020 for the Successor (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Gross Carrying Amount ​ Accumulated Amortization ​ Net Carrying Amount Patents / Developed Technology ​ $ 60,084 ​ $ (10,241) ​ $ 49,843 Trade Names / Trademarks ​ ​ 16,348 ​ ​ (2,414) ​ ​ 13,934 Customer Relationships ​ ​ 51,003 ​ ​ (6,942) ​ ​ 44,061 Non-Compete Agreements ​ ​ 1,162 ​ ​ (527) ​ ​ 635 Total Intangibles ​ $ 128,597 ​ $ (20,124) ​ $ 108,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Gross Carrying Amount ​ Accumulated Amortization ​ Net Carrying Amount Patents / Developed Technology ​ $ 60,084 ​ $ (6,496) ​ $ 53,588 Trade Names / Trademarks ​ ​ 16,348 ​ ​ (1,579) ​ ​ 14,769 Customer Relationships ​ ​ 51,003 ​ ​ (4,400) ​ ​ 46,603 Non-Compete Agreements ​ ​ 1,162 ​ ​ (334) ​ ​ 828 Total Intangibles ​ $ 128,597 ​ $ (12,809) ​ $ 115,788 ​ ​ Amortization expense recognized by the Company related to intangible assets for the six months ended June 30, 2020 and the 2019 Successor Period was $7.3 million and $5.6 million, respectively. Amortization expense recognized during the 2019 Predecessor Period was $0.03 million. The estimated aggregate future amortization expense for intangible assets is as follows (in thousands): ​ ​ ​ ​ ​ Six months ended December 31, 2020 ​ $ 7,366 Year ended December 31, 2021 ​ 14,611 Year ended December 31, 2022 ​ 14,276 Year ended December 31, 2023 ​ 14,224 Year ended December 31, 2024 ​ 14,263 Thereafter ​ 43,733 ​ ​ $ 108,473 ​

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, there was no amount outstanding under the Convertible Note. 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 year ended December 31, 2019, the Sponsor reimbursed the Company for the remaining $3.0 million for such losses on the Outstanding Class A Shares. As of June 30, 2020, such shares are no longer guaranteed by the Founders or the Company.

Share-Based Compensation Stock

Share-Based Compensation Stock Options	6 Months Ended
	Jun. 30, 2020
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 (in ​ Intrinsic ​ ​ Shares ​ Price ​ years) ​ Value Outstanding as of December 31, 2019 274,559 ​ $ 2.14 7.9 ​ $ 1,293 Granted — ​ — — ​ — Exercised (8,080) ​ ​ 1.16 ​ ​ ​ ​ ​ Forfeited/expired (14,708) ​ ​ 1.16 ​ ​ ​ ​ ​ Outstanding as of June 30, 2020 251,771 ​ $ 2.23 7.5 ​ $ 1,163 Options vested and exercisable 136,626 ​ $ 2.21 ​ 7.4 ​ $ 634 ​ For the three months and six months ended June 30, 2020, three months ended June 30, 2019 and the period from February 19, 2019 to June 30, 2019, the Company recorded approximately $0.2 million, $0.3 million, $1.5 million and $2.1 million, respectively, of share-based compensation expense related to the options. As of June 30, 2020, the Company has $0.7 million of unrecognized share-based compensation cost to be recognized over 24 months. ​ Restricted Stock Units Since the Acquisition, the Company has issued 6,172,331 restricted stock units (“RSUs”) to employees. A portion of the RSUs will vest in ratable annual installments over either two ​ ​ A summary of the Company's restricted stock units and related information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of Units ​ Grant Price Unvested as of as of December 31, 2019 3,278,324 ​ $ 6.55 Granted 2,692,155 ​ ​ 6.01 Vested ​ (644,645) ​ ​ 5.43 Forfeited/expired (1,992,682) ​ ​ 5.64 Unvested as of June 30, 2020 3,333,152 ​ $ 6.58 ​ For the three and six months ended June 30, 2020, three months ended June 30, 2019 and the period from February 19, 2019 to June 30, 2019 the Company recorded approximately $0.9 million, $4.0 million, $0.2 million, and $0.2 million, respectively, of share-based compensation expense related to the RSUs. As of June 30, 2020, the Company had unrecognized share-based compensation expense related to all unvested restricted stock units of $14.4 million. The weighted average remaining contractual term of unvested RSUs is approximately 1.8 years at June 30, 2020. 946,746 of the unvested RSUs contain performance conditions subject to achieving segment specific revenue and profitability metrics.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases
Leases	Note 8. Leases The Company leases office space under agreements classified as operating leases that expire on various dates through 2030. 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. At June 30, 2020, the Company had right of use assets of approximately $5.0 million and operating lease liabilities of approximately $5.3 million, which are included in the condensed consolidated balance sheet. The Company purchases kiosks that are funded by financing leases that expire on various dates through 2023. At June 30, 2020, the Company had financing lease liabilities of approximately $1.0 million. The following summarizes quantitative information about the Company’s operating leases (dollars in thousands): ​ Three Months Ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating leases ​ ​ ​ ​ ​ Fixed lease cost ​ $ 105 ​ $ 153 ​ $ 77 ​ $ 156 ​ $ 491 Variable lease cost ​ — ​ — ​ — ​ — ​ — Operating lease expense ​ 105 ​ 153 ​ 77 ​ 156 ​ 491 Short-term lease rent expense ​ — ​ — ​ — ​ — ​ — Total operating lease expense ​ $ 105 ​ $ 153 ​ $ 77 ​ $ 156 ​ $ 491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating cash outflows from operating leases ​ $ 106 ​ $ 165 ​ $ 77 ​ $ 73 ​ $ 421 ​ Right-of-use assets exchanged for operating lease liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Weighted-average remaining lease term – operating leases ​ 2.0 ​ 1.4 ​ 1.9 ​ 10.4 ​ 6.2 ​ Weighted-average discount rate – operating leases ​ 9.9 % 10.0 % 8.0 % 4.8 % 6.8 % ​ ​ ​ Six Months Ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating leases ​ ​ ​ ​ ​ Fixed lease cost ​ $ 211 ​ $ 305 ​ $ 154 ​ $ 370 ​ $ 1,040 Variable lease cost ​ — ​ — ​ — ​ — ​ — Operating lease expense ​ 211 ​ 305 ​ 154 ​ 370 ​ 1,040 Short-term lease rent expense ​ — ​ — ​ — ​ — ​ — Total operating lease expense ​ $ 211 ​ $ 305 ​ $ 154 ​ $ 370 ​ $ 1,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating cash outflows from operating leases ​ $ 214 ​ $ 329 ​ $ 154 ​ $ 173 ​ $ 870 ​ Right-of-use assets exchanged for operating lease liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Weighted-average remaining lease term – operating leases ​ 2.0 ​ 1.4 ​ 1.9 ​ 10.4 ​ 6.2 ​ Weighted-average discount rate – operating leases ​ 9.9 % 10.0 % 8.0 % 4.8 % 6.8 % ​ As of June 30, 2020, future minimum lease payments under non-cancellable operating leases are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Six months ended December 31, 2020 ​ $ 222 ​ $ 333 ​ $ 154 ​ $ 197 ​ $ 906 Year Ended December 31, 2021 ​ 448 ​ 458 ​ 309 ​ 394 ​ 1,609 Year Ended December 31, 2022 ​ 228 ​ — ​ 128 ​ 396 ​ 752 Year Ended December 31, 2023 ​ — ​ — ​ — ​ 353 ​ 353 Year Ended December 31, 2024 ​ — ​ — ​ — ​ 338 ​ 338 Thereafter ​ — ​ — ​ — ​ 2,325 ​ 2,325 Total ​ 898 ​ 791 ​ 591 ​ 4,003 ​ 6,283 Less present value discount ​ (81) ​ (53) ​ (49) ​ (840) ​ (1,023) Operating lease liabilities ​ $ 817 ​ $ 738 ​ $ 542 ​ $ 3,163 ​ $ 5,260 ​

Term Loans

Term Loans	6 Months Ended
	Jun. 30, 2020
Term Loans
Term Loans	Note 9. Term Loans ​ On February 14, 2020, the Company entered into an unsecured term loan credit facility that provides for borrowing of term loans in an aggregate principal amount of $12.0 million. The credit facility has a maturity date of twelve months from the borrowing date of the term loans. On the closing date, the Company fully drew on the credit facility net of deferred issuance costs of $0.7 million. The $0.7 million of deferred issuance costs included $0.4 million of fees to be applied against interest and $0.3 million of other issuance costs. Amounts outstanding under the credit facility bear interest from the date the term loans were first made until the last day of the fiscal month immediately following the six month anniversary of such initial borrowing date at a rate per annum equal to twelve percent. Commencing on the first day of each fiscal month thereafter, the interest rate has increased and shall increase by one percent per annum until the term loans have been paid in full and all commitments under the credit agreement have terminated. ​ For the six months ended June 30, 2020, the Company recognized approximately $0.6 million of interest expense under the credit facility and amortized approximately $0.2 million of debt issuance costs. At June 30, 2020, the Company had approximately $0.3 of accrued interest which is included in accounts payable and accrued expenses in the condensed consolidated balance sheet. ​ In April and May 2020, the Company’s subsidiaries CityBase, eCivis, and Sherpa received $2.0 million, $0.9 million and $0.2 million, respectively, in loan proceeds from the Paycheck Protection Program (the “PPP”) administered by the Small Business Administration (the “SBA”) of the United States government. This program was established under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) which was created to provide fast and direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries. The Company is using the funds to support the compensation expenses related to its US employees. These loans mature ​ ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies.
Commitments and Contingencies	Note 10. 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. On November 19, 2018, the Company commenced a lawsuit against OpenGov, Inc. (“OpenGov”) in the United States District Court for the Southern District of New York captioned GTY Technology Holdings Inc. et al. v. OpenGov, Inc., No. 18-cv-10854 (the “New York Action”), and on November 20, 2018, OpenGov commenced a lawsuit against the Company, GTY Cayman, GTY Technology Merger Sub, Inc., GTY Investors, LLC, Mr. You, Mr. Rohleder and Does 1-50 in the Superior Court of the State of California in and for the County of San Mateo captioned OpenGov, Inc. v. GTY Technology Holdings Inc. et al., No. 18-cv-06264 (the “California Action”). On February 19, 2020, the parties to the New York Action and the California Action entered into a settlement agreement (the “Settlement Agreement”) to resolve all the pending claims in the New York Action and the California Action, without any admission or concession of wrongdoing by the Company or other defendants. Pursuant to the Settlement Agreement, the Company paid OpenGov $3.3 million, net of amounts paid by the Company’s insurers, in exchange for a full and complete release of all claims that were or could have been asserted in the New York Action and the California Action. ​ 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 June 30, 2020, and December 31, 2019, 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	6 Months Ended
	Jun. 30, 2020
Shareholders' Equity
Shareholders' Equity	Note 11. 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 then 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 Cayman 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 Cayman 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 Cayman 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 Cayman 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 Cayman) 231,179 Class B ordinary shares, which have been retroactively adjusted in the accompanying statement of shareholders’ equity, and sold 500,000 private placement warrants held by it to an accredited investor in a private placement for an aggregate of $0.3 million 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 ordinary 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 – see below), of which 3,937,907 were 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 of the Company. The Exchange Shares are recorded as shares of common stock 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). During the year ended December 31, 2019, there was a Measurement Period Adjustment to change $41,500, or 4,150 shares, of stock consideration to cash consideration (see Note 4). During the year-ended December 31, 2019, the option to redeem 3,155,961 shares from the acquisition of CityBase was not exercised and expired and the 100,000 OC Redeemable Shares were redeemed. As of March 31, 2019, 525,060 shares of the Acquisition Redemption Shares, resulting from the Redeemable Shares from the acquisition of eCivis, remained redeemable at the option of the Company. The Redeemable Shares from the acquisition of eCivis require the Company to simultaneously redeem additional shares (equal to 40% of the number of Redeemable Shares being redeemed). If the Redeemable Shares were not redeemed by February 12, 2020 and are not redeemed by February 12, 2021, respectively, the Company was and will be required to issue additional shares, as calculated based on the number of outstanding Redeemable Shares. On February 20, 2020, the Company issued 334,254 of these additional shares with respect to the February 12, 2020 deadline and recorded a loss of $2.1 million. In March 2020, 246,097 shares of the Bonfire Exchangeco Shares were converted into the Company common stock on a one-for-one basis. Common Stock 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 March 31, 2020, 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. In December 2019 and March 2020, 97,595 and 31,250 shares of common stock were issued for the vesting of RSUs, respectively. Share Repurchases In March 2019, the Company redeemed 100,000 shares of common stock, the OC Redeemable Shares (see Note 4), for a promissory note in the principal amount of $1,000,000, which was subsequently repaid in March 2019, and included these in Treasury Stock in the accompanying condensed consolidated balance sheets. In July 2019, in accordance with the eCivis Agreement and the eCivis Letter Agreement, the Company repurchased 250,000 shares of common stock (178,571 Redeemable Shares and 71,428 Additional Shares) 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. During the year ended December 31, 2019, the Company repurchased 266,366 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. Preferred Shares outstanding Warrants At June 30, 2020, 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	6 Months Ended
	Jun. 30, 2020
Segment Reporting
Segment Reporting	Note 12. 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 (GTY). 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 Total Successor ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 1,747 ​ $ 2,155 ​ $ 1,488 ​ $ 625 ​ $ 4,013 ​ $ 1,136 ​ $ 11,164 Cost of goods sold ​ — ​ 359 ​ 1,660 ​ 731 ​ 145 ​ 816 ​ 683 ​ 4,394 Income (loss) from operations ​ (1,414) ​ (1,038) ​ (4,111) ​ (976) ​ (486) ​ 347 ​ (123) ​ (7,801) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 785 ​ $ 2,147 ​ $ 1,154 ​ $ 395 ​ $ 2,359 ​ $ 1,406 ​ $ 8,246 Cost of goods sold ​ — ​ 259 ​ 1,318 ​ 427 ​ 122 ​ 550 ​ 255 ​ 2,931 Income (loss) from operations ​ (1,307) ​ (3,864) ​ (4,559) ​ (768) ​ (507) ​ (708) ​ 466 ​ (11,247) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 3,403 ​ $ 4,054 ​ $ 2,953 ​ $ 1,238 ​ $ 7,930 ​ $ 2,862 ​ $ 22,440 Cost of goods sold ​ — ​ 751 ​ 3,130 ​ 1,453 ​ 284 ​ 1,682 ​ 1,621 ​ 8,921 Income (loss) from operations ​ (6,932) ​ (3,151) ​ (10,463) ​ (2,426) ​ (1,374) ​ (37) ​ 62 ​ (24,321) ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ February 19, 2019 through June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 1,211 ​ $ 3,083 ​ $ 1,562 ​ $ 522 ​ $ 3,228 ​ $ 1,674 ​ $ 11,280 Cost of goods sold ​ — ​ 366 ​ 2,211 ​ 633 ​ 158 ​ 813 ​ 326 ​ 4,507 Loss from operations ​ (19,548) ​ (6,277) ​ (8,467) ​ (1,902) ​ (749) ​ (12,074) ​ (2,698) ​ (51,715) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Income (loss) from operations ​ — ​ (741) ​ (1,499) ​ (265) ​ 46 ​ 550 ​ 354 ​ (1,555) ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 68,744 ​ $ 88,327 ​ $ 47,140 ​ $ 21,956 ​ $ 57,971 ​ $ 2,497 ​ $ 286,635 Assets ​ 23,878 ​ 92,017 ​ 116,189 ​ 57,592 ​ 28,233 ​ 101,116 ​ 9,660 ​ 428,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 68,744 ​ $ 88,327 ​ $ 47,140 ​ $ 21,956 ​ $ 57,971 ​ $ 2,497 ​ $ 286,635 Assets ​ 25,899 ​ 92,803 ​ 122,851 ​ 59,456 ​ 29,995 ​ 97,013 ​ 6,376 ​ 434,393 ​ Revenues from North America customers accounted for greater than 90% of the Company’s revenues for the periods presented.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events
Subsequent Events	Note 13. Subsequent Events ​ The Company has evaluated events from June 30, 2020 through the date the financial statements were issued. There were no subsequent events that need disclosure. ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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, 2019 filed with the Securities and Exchange Commission (“SEC”) on March 13, 2020. 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”) and (ii) the periods after consummation of the Acquisition, which includes the period after the Closing Date to June 30, 2019 (“2019 Successor Period) and the three and six months ended June 30, 2020. 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 11, Shareholders’ Equity) investments and transaction expenses, were nominal. The Company believes that Predecessor activities related to investments, intangible assets, share-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 three months and six months ended June 30, 2020 and 2019 Successor Period condensed consolidated financial statements include all accounts of the Company and its subsidiaries. The 2019 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.
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, the useful lives of intangible assets, share-based compensation, right of use assets, financing and operating lease liabilities, contingent consideration and the valuation allowance of deferred tax assets resulting from net operating losses.
Significant Accounting Policies	Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as filed with the SEC on March 13, 2020.
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 June 30, 2020, 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 Significant ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ Balance as of ​ for Identical ​ Observable ​ Unobservable ​ ​ June 30, ​ Assets ​ Inputs ​ Inputs ​ ​ 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) Contingent consideration – current ​ $ 10,685 ​ $ — ​ $ — ​ $ 10,685 Contingent consideration – long term ​ 41,230 ​ — ​ — ​ 41,230 Total liabilities measured at fair value ​ $ 51,915 ​ $ — ​ $ — ​ $ 51,915 ​ There were no transfers made among the three levels in the fair value hierarchy during the three months ended June 30, 2020. 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 December 31, 2019 to June 30, 2020 were as follows (in thousands): ​ ​ ​ ​ ​ Contingent consideration – December 31, 2019 $ 53,913 Change in fair value of contingent consideration ​ 29 Issuance of common stock for contingent consideration ​ ​ (2,000) Payments of contingent consideration ​ ​ (27) Contingent consideration – June 30, 2020 ​ $ 51,915 ​ The change in fair value of contingent consideration was due to the attainment of certain milestones by Questica and Sherpa. 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, and term loan 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.
Disaggregation of Revenues	​ Disaggregation of Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ Predecessor ​ ​ ​ ​ ​ ​ ​ February 19, ​ ​ January 1, 2019 ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ 2019 through ​ ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ ​ February 18, ​ 2020 ​ 2019 ​ 2020 2019 ​ 2019 Subscriptions, support and maintenance ​ $ 8,434 ​ $ 5,456 ​ $ 16,158 $ 7,473 ​ ​ $ 3,253 Professional services ​ 2,458 ​ 2,116 ​ 5,627 2,838 ​ ​ 1,269 License ​ 243 ​ 663 ​ 626 958 ​ ​ 383 Asset sales ​ 29 ​ 11 ​ 29 11 ​ ​ 23 Total revenues ​ $ 11,164 ​ $ 8,246 ​ $ 22,440 $ 11,280 ​ ​ $ 4,928 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues Subscription, support and maintenance 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 on-premise support or maintenance pertaining to license sales. Revenues from on-premise support are recognized on a straight-line basis over the support period. Revenues from subscription, support and maintenance comprised approximately 72%, 66% and 66% of total revenues for the six months ended June 30, 2020, the 2019 Successor Period and the 2019 Predecessor Period, respectively. Professional services License . Asset sales.
Restructuring charges	Restructuring Charges On March 30, 2020, the Company implemented a global restructuring plan which resulted in an approximate 10% reduction of the Company’s workforce. This action was intended to streamline the Company’s operational reporting and reduce operating cash outflows. The Company recorded pre-tax restructuring charges of approximately $3.7 million which is comprised of one-time employee termination benefits paid over a weighted average period of approximately 10 months. Approximately $2.1 million was included in accounts payable and accrued expenses in the Company’s unaudited condensed consolidated balance sheet as of June 30, 2020. ​
Net Loss per Share	Net loss per share of common stock is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed similar to basic net income per share of common stock 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 three and six months ended June 30, 2020 and during the 2019 Successor Period, diluted and basic loss per share are the same. Securities that could potentially dilute net loss per share in the future that were not included in the computation of diluted loss per share at June 30, 2020 are as follows: ​ ​ ​ ​ Warrants to purchase common stock 27,093,334 Unvested restricted stock units 3,333,152 Options to purchase common stock 251,771 Total 30,678,257 ​
Income Taxes	Income Taxes In determining the quarterly benefit from income taxes, the Company uses the annual estimated effective tax rate applied to the actual year-to-date loss, adjusted for discrete items arising in that quarter. The Company’s annual estimated effective tax rate differs from the U.S. federal statutory rate of 21% as a result of state taxes, foreign taxes and changes in the Company’s valuation allowance for domestic income taxes. For the three and six months ended June 30, 2020, three months ended June 30, 2019 and the 2019 Successor Period, the Company recorded a $(0.8) million, $1.7 million, $1.7 million and $1.7 million benefit from (provision for) income taxes, respectively. During the 2019 Predecessor Period, the Company did not record a provision or benefit from income taxes. ​
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2020, we adopted Accounting Standards Update (“ASU”) No. 2018-13, Changes to Disclosure Requirements for Fair Value Measurements (Topic 820), which improved the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. On January 1, 2020, we adopted 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 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. The adoption of new standard did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes , which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. ASU 2019-12 is effective for us in the first quarter of fiscal year 2022. The Company has not determined the impact of this guidance on its financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Summary of Significant Accounting Policies
Schedule of contingent consideration liabilities	The Company’s only material financial instruments carried at fair value as of June 30, 2020, 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 Significant ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ Balance as of ​ for Identical ​ Observable ​ Unobservable ​ ​ June 30, ​ Assets ​ Inputs ​ Inputs ​ ​ 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) Contingent consideration – current ​ $ 10,685 ​ $ — ​ $ — ​ $ 10,685 Contingent consideration – long term ​ 41,230 ​ — ​ — ​ 41,230 Total liabilities measured at fair value ​ $ 51,915 ​ $ — ​ $ — ​ $ 51,915
Schedule of Changes in Level 3 liabilities	Changes in Level 3 liabilities measured at fair value from December 31, 2019 to June 30, 2020 were as follows (in thousands): ​ ​ ​ ​ ​ Contingent consideration – December 31, 2019 $ 53,913 Change in fair value of contingent consideration ​ 29 Issuance of common stock for contingent consideration ​ ​ (2,000) Payments of contingent consideration ​ ​ (27) Contingent consideration – June 30, 2020 ​ $ 51,915 ​
Schedule of Disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ Predecessor ​ ​ ​ ​ ​ ​ ​ February 19, ​ ​ January 1, 2019 ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ 2019 through ​ ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ ​ February 18, ​ 2020 ​ 2019 ​ 2020 2019 ​ 2019 Subscriptions, support and maintenance ​ $ 8,434 ​ $ 5,456 ​ $ 16,158 $ 7,473 ​ ​ $ 3,253 Professional services ​ 2,458 ​ 2,116 ​ 5,627 2,838 ​ ​ 1,269 License ​ 243 ​ 663 ​ 626 958 ​ ​ 383 Asset sales ​ 29 ​ 11 ​ 29 11 ​ ​ 23 Total revenues ​ $ 11,164 ​ $ 8,246 ​ $ 22,440 $ 11,280 ​ ​ $ 4,928 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of Net loss per share	Securities that could potentially dilute net loss per share in the future that were not included in the computation of diluted loss per share at June 30, 2020 are as follows: ​ ​ ​ ​ Warrants to purchase common stock 27,093,334 Unvested restricted stock units 3,333,152 Options to purchase common stock 251,771 Total 30,678,257

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combination
Summary of the initial consideration paid and issued to each Acquired Company	The following is a summary of the initial consideration paid and issued to each Acquired Company (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ ​ Cash ​ Stock ​ Contingent ​ ​ ​ ​ Adjusted ​ ​ ​ ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles ​ Liability Bonfire ​ $ 51,068 ​ $ 50,078 (1) $ 325 ​ $ 101,471 ​ $ 3,639 ​ $ 81,964 ​ $ 22,668 ​ $ 6,800 CityBase ​ 64,261 ​ 41,560 ​ 48,410 ​ 154,231 ​ 782 ​ 119,741 ​ 48,155 ​ 14,447 eCivis ​ 17,592 ​ 31,256 ​ 5,859 ​ 54,707 ​ (1,788) ​ 47,397 ​ 12,997 ​ 3,899 Open Counter ​ 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 ​ 5,105 ​ 1,000 ​ 1,898 ​ 8,003 ​ 1,066 ​ 3,497 ​ 4,914 ​ 1,474 Total ​ $ 193,478 ​ $ 172,349 ​ $ 65,803 ​ $ 431,630 ​ $ 5,910 ​ $ 332,602 ​ $ 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 is a summary of the measurement period adjustments to consideration paid and issued to each Acquired Company (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ Cash Stock ​ Contingent ​ ​ Adjusted ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles Liability Bonfire ​ $ (97) ​ $ — ​ $ — ​ $ (97) ​ $ — ​ $ (299) ​ $ 202 ​ $ — CityBase ​ 246 ​ (42) ​ (7,535) ​ (7,331) ​ — ​ (13,384) ​ (2,241) ​ (8,294) eCivis ​ 481 ​ — ​ — ​ 481 ​ — ​ 990 ​ (1,071) ​ (562) Open Counter ​ — ​ — ​ — ​ — ​ — ​ (568) ​ (139) ​ (707) Questica ​ — ​ — ​ — ​ — ​ — ​ 492 ​ (492) ​ — Sherpa ​ (214) ​ — ​ — ​ (214) ​ — ​ (1,000) ​ (688) ​ (1,474) Total ​ $ 416 ​ $ (42) ​ $ (7,535) ​ $ (7,161) ​ $ — ​ $ (13,769) ​ $ (4,429) ​ $ (11,037) ​ The following table is a summary of the final consideration paid and issued to each Acquired Company including the Measurement Period Adjustments (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred ​ Cash Stock ​ Contingent ​ ​ Adjusted ​ ​ ​ ​ Tax ​ ​ Consideration ​ Consideration ​ Consideration ​ Total ​ Net Assets ​ Goodwill ​ Intangibles Liability Bonfire ​ $ 50,971 ​ $ 50,078 (1) $ 325 ​ $ 101,374 ​ $ 3,639 ​ $ 81,665 ​ $ 22,870 ​ $ 6,800 CityBase ​ 64,507 ​ 41,518 ​ 40,875 ​ 146,900 ​ 782 ​ 106,357 ​ 45,914 ​ 6,153 eCivis ​ 18,073 ​ 31,256 ​ 5,859 ​ 55,188 ​ (1,788) ​ 48,387 ​ 11,926 ​ 3,337 Open Counter ​ 10,958 ​ 17,455 ​ — ​ 28,413 ​ (1,441) ​ 21,956 ​ 10,332 ​ 2,434 Questica ​ 44,494 ​ 31,000 (2) 9,311 ​ 84,805 ​ 3,652 ​ 57,971 ​ 33,329 ​ 10,147 Sherpa ​ 4,891 ​ 1,000 ​ 1,898 ​ 7,789 ​ 1,066 ​ 2,497 ​ 4,226 ​ — Total ​ $ 193,894 ​ $ 172,307 ​ $ 58,268 ​ $ 424,469 ​ $ 5,910 ​ $ 318,833 ​ $ 128,597 ​ $ 28,871 ​ (1) Includes $21.6 million of convertible stock consideration (2) Includes $31.0 million of convertible stock consideration
Summary of final allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values, including the Measurement Period Adjustments	The following table represents the final allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values, including the Measurement Period Adjustments discussed above (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Open Counter Questica Sherpa Total Cash ​ $ 4,641 ​ $ 2,191 ​ $ 136 ​ $ 107 ​ $ 6,762 ​ $ 632 ​ $ 14,469 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 ​ 22,870 ​ 45,914 ​ 11,926 ​ 10,332 ​ 33,329 ​ 4,226 ​ 128,597 Goodwill ​ 81,665 ​ 106,357 ​ 48,387 ​ 21,956 ​ 57,971 ​ 2,497 ​ 318,833 Accounts payable and accrued expenses ​ (1,085) ​ (1,192) ​ (586) ​ (124) ​ (909) ​ (188) ​ (4,084) Contract liabilities ​ (1,221) ​ (816) ​ (1,635) ​ (483) ​ (2,774) ​ — ​ (6,929) Lease liability - short term ​ (366) ​ — ​ — ​ — ​ (296) ​ — ​ (662) Deferred tax liability ​ (6,800) ​ (6,153) ​ (3,337) ​ (2,434) ​ (10,147) ​ — ​ (28,871) 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 ​ — ​ — ​ (790) ​ — ​ (1,237) ​ — ​ (2,027) Total consideration ​ $ 101,374 ​ $ 146,900 ​ $ 55,188 ​ $ 28,413 ​ $ 84,805 ​ $ 7,789 ​ $ 424,469 ​

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Intangible Assets
Summary of identifiable intangible assets	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 June 30, 2020 for the Successor (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Gross Carrying Amount ​ Accumulated Amortization ​ Net Carrying Amount Patents / Developed Technology ​ $ 60,084 ​ $ (10,241) ​ $ 49,843 Trade Names / Trademarks ​ ​ 16,348 ​ ​ (2,414) ​ ​ 13,934 Customer Relationships ​ ​ 51,003 ​ ​ (6,942) ​ ​ 44,061 Non-Compete Agreements ​ ​ 1,162 ​ ​ (527) ​ ​ 635 Total Intangibles ​ $ 128,597 ​ $ (20,124) ​ $ 108,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Gross Carrying Amount ​ Accumulated Amortization ​ Net Carrying Amount Patents / Developed Technology ​ $ 60,084 ​ $ (6,496) ​ $ 53,588 Trade Names / Trademarks ​ ​ 16,348 ​ ​ (1,579) ​ ​ 14,769 Customer Relationships ​ ​ 51,003 ​ ​ (4,400) ​ ​ 46,603 Non-Compete Agreements ​ ​ 1,162 ​ ​ (334) ​ ​ 828 Total Intangibles ​ $ 128,597 ​ $ (12,809) ​ $ 115,788 ​ ​
Summary of aggregate future amortization expense for intangible assets	The estimated aggregate future amortization expense for intangible assets is as follows (in thousands): ​ ​ ​ ​ ​ Six months ended December 31, 2020 ​ $ 7,366 Year ended December 31, 2021 ​ 14,611 Year ended December 31, 2022 ​ 14,276 Year ended December 31, 2023 ​ 14,224 Year ended December 31, 2024 ​ 14,263 Thereafter ​ 43,733 ​ ​ $ 108,473

Share-Based Compensation Stoc_2

Share-Based Compensation Stock Options (Tables)	6 Months Ended
	Jun. 30, 2020
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 (in ​ Intrinsic ​ ​ Shares ​ Price ​ years) ​ Value Outstanding as of December 31, 2019 274,559 ​ $ 2.14 7.9 ​ $ 1,293 Granted — ​ — — ​ — Exercised (8,080) ​ ​ 1.16 ​ ​ ​ ​ ​ Forfeited/expired (14,708) ​ ​ 1.16 ​ ​ ​ ​ ​ Outstanding as of June 30, 2020 251,771 ​ $ 2.23 7.5 ​ $ 1,163 Options vested and exercisable 136,626 ​ $ 2.21 ​ 7.4 ​ $ 634
Summary of restricted stock units	A summary of the Company's restricted stock units and related information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of Units ​ Grant Price Unvested as of as of December 31, 2019 3,278,324 ​ $ 6.55 Granted 2,692,155 ​ ​ 6.01 Vested ​ (644,645) ​ ​ 5.43 Forfeited/expired (1,992,682) ​ ​ 5.64 Unvested as of June 30, 2020 3,333,152 ​ $ 6.58

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases
Summary of quantitative information about the Company's operating leases	The following summarizes quantitative information about the Company’s operating leases (dollars in thousands): ​ Three Months Ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating leases ​ ​ ​ ​ ​ Fixed lease cost ​ $ 105 ​ $ 153 ​ $ 77 ​ $ 156 ​ $ 491 Variable lease cost ​ — ​ — ​ — ​ — ​ — Operating lease expense ​ 105 ​ 153 ​ 77 ​ 156 ​ 491 Short-term lease rent expense ​ — ​ — ​ — ​ — ​ — Total operating lease expense ​ $ 105 ​ $ 153 ​ $ 77 ​ $ 156 ​ $ 491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating cash outflows from operating leases ​ $ 106 ​ $ 165 ​ $ 77 ​ $ 73 ​ $ 421 ​ Right-of-use assets exchanged for operating lease liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Weighted-average remaining lease term – operating leases ​ 2.0 ​ 1.4 ​ 1.9 ​ 10.4 ​ 6.2 ​ Weighted-average discount rate – operating leases ​ 9.9 % 10.0 % 8.0 % 4.8 % 6.8 % ​ ​ ​ Six Months Ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating leases ​ ​ ​ ​ ​ Fixed lease cost ​ $ 211 ​ $ 305 ​ $ 154 ​ $ 370 ​ $ 1,040 Variable lease cost ​ — ​ — ​ — ​ — ​ — Operating lease expense ​ 211 ​ 305 ​ 154 ​ 370 ​ 1,040 Short-term lease rent expense ​ — ​ — ​ — ​ — ​ — Total operating lease expense ​ $ 211 ​ $ 305 ​ $ 154 ​ $ 370 ​ $ 1,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Operating cash outflows from operating leases ​ $ 214 ​ $ 329 ​ $ 154 ​ $ 173 ​ $ 870 ​ Right-of-use assets exchanged for operating lease liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Weighted-average remaining lease term – operating leases ​ 2.0 ​ 1.4 ​ 1.9 ​ 10.4 ​ 6.2 ​ Weighted-average discount rate – operating leases ​ 9.9 % 10.0 % 8.0 % 4.8 % 6.8 % ​
Schedule of future minimum lease payments under non-cancellable operating leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonfire CityBase eCivis Questica Total Six months ended December 31, 2020 ​ $ 222 ​ $ 333 ​ $ 154 ​ $ 197 ​ $ 906 Year Ended December 31, 2021 ​ 448 ​ 458 ​ 309 ​ 394 ​ 1,609 Year Ended December 31, 2022 ​ 228 ​ — ​ 128 ​ 396 ​ 752 Year Ended December 31, 2023 ​ — ​ — ​ — ​ 353 ​ 353 Year Ended December 31, 2024 ​ — ​ — ​ — ​ 338 ​ 338 Thereafter ​ — ​ — ​ — ​ 2,325 ​ 2,325 Total ​ 898 ​ 791 ​ 591 ​ 4,003 ​ 6,283 Less present value discount ​ (81) ​ (53) ​ (49) ​ (840) ​ (1,023) Operating lease liabilities ​ $ 817 ​ $ 738 ​ $ 542 ​ $ 3,163 ​ $ 5,260

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting
Summary of operating information about the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ GTY Bonfire CityBase eCivis OpenCounter Questica Sherpa Total Successor ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 1,747 ​ $ 2,155 ​ $ 1,488 ​ $ 625 ​ $ 4,013 ​ $ 1,136 ​ $ 11,164 Cost of goods sold ​ — ​ 359 ​ 1,660 ​ 731 ​ 145 ​ 816 ​ 683 ​ 4,394 Income (loss) from operations ​ (1,414) ​ (1,038) ​ (4,111) ​ (976) ​ (486) ​ 347 ​ (123) ​ (7,801) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 785 ​ $ 2,147 ​ $ 1,154 ​ $ 395 ​ $ 2,359 ​ $ 1,406 ​ $ 8,246 Cost of goods sold ​ — ​ 259 ​ 1,318 ​ 427 ​ 122 ​ 550 ​ 255 ​ 2,931 Income (loss) from operations ​ (1,307) ​ (3,864) ​ (4,559) ​ (768) ​ (507) ​ (708) ​ 466 ​ (11,247) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 3,403 ​ $ 4,054 ​ $ 2,953 ​ $ 1,238 ​ $ 7,930 ​ $ 2,862 ​ $ 22,440 Cost of goods sold ​ — ​ 751 ​ 3,130 ​ 1,453 ​ 284 ​ 1,682 ​ 1,621 ​ 8,921 Income (loss) from operations ​ (6,932) ​ (3,151) ​ (10,463) ​ (2,426) ​ (1,374) ​ (37) ​ 62 ​ (24,321) ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ February 19, 2019 through June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ — ​ $ 1,211 ​ $ 3,083 ​ $ 1,562 ​ $ 522 ​ $ 3,228 ​ $ 1,674 ​ $ 11,280 Cost of goods sold ​ — ​ 366 ​ 2,211 ​ 633 ​ 158 ​ 813 ​ 326 ​ 4,507 Loss from operations ​ (19,548) ​ (6,277) ​ (8,467) ​ (1,902) ​ (749) ​ (12,074) ​ (2,698) ​ (51,715) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Income (loss) from operations ​ — ​ (741) ​ (1,499) ​ (265) ​ 46 ​ 550 ​ 354 ​ (1,555) ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 68,744 ​ $ 88,327 ​ $ 47,140 ​ $ 21,956 ​ $ 57,971 ​ $ 2,497 ​ $ 286,635 Assets ​ 23,878 ​ 92,017 ​ 116,189 ​ 57,592 ​ 28,233 ​ 101,116 ​ 9,660 ​ 428,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ Successor ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 68,744 ​ $ 88,327 ​ $ 47,140 ​ $ 21,956 ​ $ 57,971 ​ $ 2,497 ​ $ 286,635 Assets ​ 25,899 ​ 92,803 ​ 122,851 ​ 59,456 ​ 29,995 ​ 97,013 ​ 6,376 ​ 434,393

Going Concern and Liquidity (De

Going Concern and Liquidity (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Going Concern and Liquidity
Accumulated deficit		$ (108,581)			$ (108,581)	$ (85,015)
Net loss	$ (1,713)	$ (7,774)	$ (10,402)	$ (50,454)	(23,566)
Net cash used in operating activities	$ 284			$ (43,972)	$ (14,311)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Fair Value, Measurements, Recurring [Member] $ in Thousands	Jun. 30, 2020USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 51,915
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	51,915
Contingent Consideration Current [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	10,685
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	10,685
Contingent Consideration long term [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	41,230
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	$ 41,230

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Change in Level 3 liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Issuance of common stock for contingent consideration	$ (1,334)	$ (1,334)
Payments of contingent consideration		(27)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration		53,913
Change in fair value of contingent consideration		29
Issuance of common stock for contingent consideration		(2,000)
Payments of contingent consideration		(27)
Contingent consideration	$ 51,915	$ 51,915

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Mar. 31, 2019	Feb. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020
Financial Designation, Predecessor and Successor [Fixed List]	Successor	Successor	Predecessor	Successor	Successor	Successor	Successor
Revenues			$ 4,928	$ 11,164	$ 8,246	$ 11,280	$ 22,440
Subscriptions, support and maintenance
Revenues			3,253	8,434	5,456	7,473	16,158
Professional Services
Revenues			1,269	2,458	2,116	2,838	5,627
License
Revenues			383	243	663	958	626
Asset Sales
Revenues			$ 23	$ 29	$ 11	$ 11	$ 29

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Restructuring charges (Details) - USD ($) $ in Thousands	Mar. 20, 2020	Jun. 30, 2020	Jun. 30, 2020
Percentage of reduction in workforce	10.00%
Restructuring charges	$ 3,700	$ 198	$ 3,664
Weighted average period in which one time employee benefits are paid	10 months
Accounts Payable and Accrued Expenses
Restructuring charges			$ 2,100

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Net loss per share (Details)	6 Months Ended
	Jun. 30, 2020shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	30,678,257
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	27,093,334
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,333,152
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	251,771

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Additional information (Details) $ in Thousands	Feb. 28, 2019	Mar. 31, 2019	Feb. 18, 2019	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Dec. 31, 2019
Financial Designation, Predecessor and Successor [Fixed List]	Successor	Successor	Predecessor	Successor	Successor	Successor	Successor
Operating segments | segment							6
Statutory federal income tax rate							21.00%
Benefit from (provision for) income taxes | $				$ (837)	$ 1,670	$ 1,670	$ 1,684
Sales Revenue, Net [Member]
Concentration Risk, Percentage							90.00%
Sales Revenue, Net [Member] | Subscriptions, support and maintenance
Concentration Risk, Percentage			66.00%				72.00%	66.00%
Sales Revenue, Net [Member] | Professional Services
Concentration Risk, Percentage			26.00%				25.00%	25.00%
Sales Revenue, Net [Member] | License
Concentration Risk, Percentage			8.00%				3.00%	8.00%

Business Combination - Summary

Business Combination - Summary of consideration paid (Details) - USD ($) $ in Thousands	Feb. 18, 2019	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Cash Consideration	$ 193,478		$ 193,894
Stock Consideration	172,349		172,307	$ 21,600
Contingent Consideration	65,803		58,268
Total	431,630		424,469
Adjusted Net Assets	5,910		5,910
Intangible assets			128,597	128,597
Goodwill	332,602		318,833
Intangibles	133,026		(4,429)
Deferred Tax Liability	39,908		28,871
Aggregate consideration			(7,161)
Decrease in Intangible assets	133,026		(4,429)
Decrease in Contingent consideration			7,500
Decrease in deferred tax liability			(11,037)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Cash consideration			416
Stock consideration			(42)
Contingent consideration			(7,535)
Total			(7,161)
Goodwill			(13,769)
Intangibles	133,026		(4,429)
Deferred Tax Liability			(11,037)
Bonfire
Business Acquisition [Line Items]
Cash Consideration	51,068		50,971
Stock Consideration	50,078		50,078
Contingent Consideration	325		325
Total	101,471		101,374
Adjusted Net Assets	3,639		3,639
Intangible assets			22,870	22,870
Goodwill	81,964		81,665
Intangibles	22,668		202
Deferred Tax Liability	6,800		6,800
Aggregate consideration			(97)
Decrease in Intangible assets	22,668		202
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Cash consideration			(97)
Total			(97)
Goodwill			(299)
Intangibles	22,668		202
CityBase holders
Business Acquisition [Line Items]
Cash Consideration	64,261		64,507
Stock Consideration	41,560		41,518
Contingent Consideration	48,410		40,875
Total	154,231		146,900
Adjusted Net Assets	782		782
Intangible assets			45,914	45,914
Goodwill	119,741		106,357
Intangibles	48,155		(2,241)
Deferred Tax Liability	14,447		6,153
Aggregate consideration			(7,331)
Decrease in Intangible assets	48,155		(2,241)
Decrease in deferred tax liability			(8,294)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Cash consideration			246
Stock consideration			(42)
Contingent consideration			(7,535)
Total			(7,331)
Goodwill			(13,384)
Intangibles	48,155		(2,241)
Deferred Tax Liability			(8,294)
eCivis
Business Acquisition [Line Items]
Cash Consideration	17,592		18,073
Stock Consideration	31,256		31,256
Contingent Consideration	5,859		5,859
Total	54,707		55,188
Adjusted Net Assets	(1,788)		(1,788)
Intangible assets			11,926	11,926
Goodwill	47,397		48,387
Intangibles	12,997		(1,071)
Deferred Tax Liability	3,899		3,337
Aggregate consideration			481
Decrease in Intangible assets	12,997		(1,071)
Decrease in deferred tax liability			(562)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Cash consideration			481
Total			481
Goodwill			990
Intangibles	12,997		(1,071)
Deferred Tax Liability			(562)
Open Counter
Business Acquisition [Line Items]
Cash Consideration	10,958		10,958
Stock Consideration	17,455		17,455
Total	28,413		28,413
Adjusted Net Assets	(1,441)		(1,441)
Intangible assets			10,332	10,332
Goodwill	22,524		21,956
Intangibles	10,471		(139)
Deferred Tax Liability	3,141		2,434
Decrease in Intangible assets	10,471		(139)
Decrease in deferred tax liability			(707)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Goodwill			(568)
Intangibles	10,471		(139)
Deferred Tax Liability			(707)
Questica
Business Acquisition [Line Items]
Cash Consideration	44,494		44,494
Stock Consideration	31,000		31,000	31,000
Contingent Consideration	9,311		9,311
Total	84,805		84,805
Adjusted Net Assets	3,652		3,652
Intangible assets			33,329	33,329
Goodwill	57,479		57,971
Intangibles	33,821		(492)
Deferred Tax Liability	10,147		10,147
Decrease in Intangible assets	33,821		(492)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Goodwill			492
Intangibles	33,821		(492)
Sherpa
Business Acquisition [Line Items]
Cash Consideration	5,105		4,891
Stock Consideration	1,000		1,000
Contingent Consideration	1,898		1,898
Total	8,003		7,789
Adjusted Net Assets	1,066		1,066
Intangible assets			4,226	$ 4,226
Goodwill	3,497		2,497
Intangibles	4,914		(688)
Deferred Tax Liability	1,474
Aggregate consideration			(214)
Decrease in Intangible assets	4,914		(688)
Decrease in deferred tax liability			(1,474)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Cash consideration			(214)
Total			(214)
Goodwill			(1,000)
Intangibles	$ 4,914		(688)
Deferred Tax Liability			$ (1,474)
Convertible Stock [Member] | Bonfire
Business Acquisition [Line Items]
Stock Consideration		$ 21,600
Convertible Stock [Member] | Questica
Business Acquisition [Line Items]
Stock Consideration		$ 31,000

Business Combination - Prelimin

Business Combination - Preliminary allocation of consideration (Details) $ in Thousands	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Cash	$ 14,469
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	128,597
Goodwill	318,833
Accounts payable and accrued expenses	(4,084)
Contract liabilities	(6,929)
Lease liability - short term	(662)
Deferred tax liability	(28,871)
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	(2,027)
Total Consideration	424,469
Bonfire
Business Acquisition [Line Items]
Cash	4,641
Accounts receivable, net	323
Prepaid expense and other current assets	607
Fixed assets	118
Right of use assets	1,315
Other assets	369
Intangible assets	22,870
Goodwill	81,665
Accounts payable and accrued expenses	(1,085)
Contract liabilities	(1,221)
Lease liability - short term	(366)
Deferred tax liability	(6,800)
Contract and other long-term liabilities	(60)
Lease liability - long term	(1,002)
Total Consideration	101,374
CityBase holders
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
Other assets	783
Intangible assets	45,914
Goodwill	106,357
Accounts payable and accrued expenses	(1,192)
Contract liabilities	(816)
Deferred tax liability	(6,153)
Capital lease obligations - current portion	(139)
Contract and other long-term liabilities	(1,646)
Capital lease obligation, less current portion	(262)
Total Consideration	146,900
eCivis
Business Acquisition [Line Items]
Cash	136
Accounts receivable, net	720
Prepaid expense and other current assets	340
Fixed assets	56
Right of use assets	901
Other assets	30
Intangible assets	11,926
Goodwill	48,387
Accounts payable and accrued expenses	(586)
Contract liabilities	(1,635)
Deferred tax liability	(3,337)
Other current liabilities	(3)
Contract and other long-term liabilities	(56)
Lease liability - long term	(901)
Contingent consideration - pre-existing	(790)
Total Consideration	55,188
Open Counter
Business Acquisition [Line Items]
Cash	107
Accounts receivable, net	46
Fixed assets	29
Intangible assets	10,332
Goodwill	21,956
Accounts payable and accrued expenses	(124)
Contract liabilities	(483)
Deferred tax liability	(2,434)
Other current liabilities	(491)
Long term debt	(525)
Total Consideration	28,413
Questica
Business Acquisition [Line Items]
Cash	6,762
Accounts receivable, net	1,257
Prepaid expense and other current assets	77
Fixed assets	182
Right of use assets	296
Other assets	1,061
Intangible assets	33,329
Goodwill	57,971
Accounts payable and accrued expenses	(909)
Contract liabilities	(2,774)
Lease liability - short term	(296)
Deferred tax liability	(10,147)
Other current liabilities	(767)
Contingent consideration - pre-existing	(1,237)
Total Consideration	84,805
Sherpa
Business Acquisition [Line Items]
Cash	632
Accounts receivable, net	587
Prepaid expense and other current assets	33
Fixed assets	2
Intangible assets	4,226
Goodwill	2,497
Accounts payable and accrued expenses	(188)
Total Consideration	$ 7,789

Business Combination - Addition

Business Combination - Additional information (Details) - USD ($)	Feb. 19, 2019	Feb. 18, 2019	Feb. 12, 2019	Feb. 12, 2019	Mar. 31, 2020	Mar. 31, 2019	Feb. 12, 2019	Feb. 18, 2019	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 193,478,000										$ 193,894,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 172,349,000										172,307,000	$ 21,600,000
Business Acquisition, Share Price	$ 10					$ 10
Percentage of Shares Redeemed													40.00%
Common stock redeemed, Shares													100,000
Increase in the aggregate consideration												$ 400,000
Business Combination Consideration In Conversion Stock												$ 0.04
Share Price									$ 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
Dividends unpaid per share	$ 10								$ 7.72	$ 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									500,000	500,000	0
Business Combination, Acquisition Related Costs								$ 151,000	$ (2,280,000)	$ 32,749,000
Business Acquisition, Transaction Costs												$ 37,000,000	$ 37,000,000
Maximum
Business Acquisition [Line Items]
Interest rate						10.00%
Minimum
Business Acquisition [Line Items]
Interest rate						8.00%
GTY Cayman
Business Acquisition [Line Items]
Sale of Stock, Number of Shares Issued in Transaction	380,937
Transfer Restriction
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 2,008,283
Bonfire Acquisition
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
Common Stock Held in Escrow	690,000
Decrease in the aggregate consideration											$ 100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	408,667
Bonfire Acquisition | Transfer Restriction
Business Acquisition [Line Items]
Business Acquisition Shares Exchange	2,093,612
City Base Holders Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 62,200,000
Business Acquisition, Share Price	$ 10
Business Acquisition Shares Exchange	3,155,961
Increase in the aggregate consideration	$ 200,000
Business Combination Consideration In Conversion Stock	$ 0.04
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 | Maximum
Business Acquisition [Line Items]
Interest rate	10.00%
City Base Holders Acquisition | Minimum
Business Acquisition [Line Items]
Interest rate	8.00%
City Base Holders Acquisition | GTY Cayman
Business Acquisition [Line Items]
Sale of Stock, Consideration Received on Transaction	$ 3,800,000
Ecivis Acquisition
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
Escrow Deposit	$ 3,600,000
Dividends unpaid per share	$ 10
Temporary Equity Number Of Shares Redeemed	525,060
Open Counter Acquisition
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
Escrow Deposit	$ 1,300,000
Common Stock Held in Escrow	164,554
Interest rate	8.00%				10.00%
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
Temporary Equity Number Of Shares Redeemed	100,000
Questica Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross							$ 44,400,000
Escrow Deposit											$ 100,000
Common Stock Held in Escrow											800,000
Dividends Payable, Amount Per Share					$ 0.2
Questica Acquisition | Before Sixty Days
Business Acquisition [Line Items]
Temporary Equity Value Of Shares Redeemed			$ 5,000,000
Conversion price					$ 7.72
Questica Acquisition | After Sixty Days
Business Acquisition [Line Items]
Temporary Equity Value Of Shares Redeemed			$ 5,000,000
Dividends unpaid per share			$ 10	$ 10			$ 10
Sherpa Acquisition
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
Escrow Deposit	$ 900,000
Interest rate	5.50%
Sherpa Acquisition | Maximum
Business Acquisition [Line Items]
Interest rate	8.00%
Sherpa Acquisition | Minimum
Business Acquisition [Line Items]
Interest rate	8.00%
Exchangeable Shares | Bonfire Acquisition
Business Acquisition [Line Items]
Business Acquisition Shares Exchange	2,161,741											193,645
Class A Exchangeable Shares | Questica Acquisition
Business Acquisition [Line Items]
Business Acquisition Shares Exchange							2,600,000
Class B Exchangeable Shares | Questica Acquisition
Business Acquisition [Line Items]
Business Acquisition Shares Exchange							1,000,000
Class C Exchangeable Shares | Questica Acquisition
Business Acquisition [Line Items]
Business Acquisition Shares Exchange							500,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 128,597	$ 128,597
Accumulated Amortization	(20,124)	(12,809)
Net Carrying Amount	108,473	115,788
Patents And Development Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	60,084	60,084
Accumulated Amortization	(10,241)	(6,496)
Net Carrying Amount	49,843	53,588
Trade Names And Trade Marks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,348	16,348
Accumulated Amortization	(2,414)	(1,579)
Net Carrying Amount	13,934	14,769
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	51,003	51,003
Accumulated Amortization	(6,942)	(4,400)
Net Carrying Amount	44,061	46,603
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,162	1,162
Accumulated Amortization	(527)	(334)
Net Carrying Amount	$ 635	$ 828

Intangible Assets - Estimated a

Intangible Assets - Estimated aggregate amortization expense (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets
Six months ended December 31, 2020	$ 7,366
Year ended December 31, 2021	14,611
Year ended December 31, 2022	14,276
Year ended December 31, 2023	14,224
Year ended December 31, 2024	14,263
Thereafter	43,733
Net Carrying Amount	$ 108,473	$ 115,788

Intangible Assets - Additional

Intangible Assets - Additional information (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020
Intangible Assets
Amortization of Intangible Assets	$ 32	$ 3,642	$ 3,872	$ 5,565	$ 7,315

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Feb. 13, 2019	Aug. 08, 2018	Jun. 30, 2020	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
Maximum
Related Party Transaction [Line Items]
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 1,000,000
Sponsor Convertible Note
Related Party Transaction [Line Items]
Debt Instrument, Face Amount			$ 1,000,000
Convertible Notes
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity				400,000
Debt Instrument, Face Amount				$ 1
Debt outstanding			$ 0
Common Class A
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 (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Granted		408,667
Number of Shares, Exercised	(117)	(112,526)
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding as of December 31,2019		274,559
Number of Shares, Exercised		(8,080)
Number of Shares, Forfeited/expired		(14,708)
Number of Shares, Outstanding as of June 30,2020		251,771	274,559
Number of Shares, Options vested and exercisable		136,626
Weighted Average Exercise Price, Outstanding as of December 31,2019		$ 2.14
Weighted Average Exercise Price, Exercised		1.16
Weighted Average Exercise Price, Forfeited/expired		1.16
Weighted Average Exercise Price, Outstanding as of June 30, 2020		2.23	$ 2.14
Weighted Average Exercise Price, Options vested and exercisable		$ 2.21
Weighted Average Remaining Contractual Life (in years)		7 years 6 months	7 years 10 months 24 days
Weighted Average Remaining Contractual Life (in years), Options vested and exercisable		7 years 4 months 24 days
Total Intrinsic Value, Outstanding		$ 1,163	$ 1,293
Total Intrinsic Value, Options vested and exercisable		$ 634

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Units (Details)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
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 December 31, 2019	3,278,324
Number of Shares, Granted	2,692,155
Number of Shares, Vested	(644,645)
Number of Shares, Forfeited/ Expired	(1,992,682)
Number of Shares, Unvested as of June 30. 2020	3,333,152
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 December 31, 2019 | $ / shares	$ 6.55
Weighted Average Grant Price, Granted | $ / shares	6.01
Weighted Average Grant Price, Vested | $ / shares	5.43
Weighted Average Grant Price, Forfeited/ Expired | $ / shares	5.64
Weighted Average Grant Price, Unvested as of June 30, 2020 | $ / shares	$ 6.58
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Granted	6,172,331
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vesting period	2 years
Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vesting period	4 years

Share-Based Compensation - Addi

Share-Based Compensation - Additional information (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020
Stock options granted				408,667
Grant date fair value of stock options				$ 3.6
Share-based compensation expense	$ 0.2	$ 1.5	$ 2.1	0.3
Unrecognized share-based compensation cost of stock options	0.7			$ 0.7
RSUs granted				2,692,155
Restricted Stock Units
Share-based compensation expense	0.9	$ 0.2	$ 0.2	$ 4
RSUs granted				6,172,331
Unrecognized share-based compensation expense of RSUs	$ 14.4			$ 14.4
Remaining contractual term				1 year 9 months 18 days
Performance Shares
RSUs granted				946,746

Leases (Details)

Leases (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)
Operating leases
Operating lease cost	$ 491	$ 1,040
Operating lease expense	491	1,040
Total rent expense	491	1,040
Operating cash flows from operating leases	$ 421	$ 870
Weighted-average remaining lease term - operating leases	6 years 2 months 12 days	6 years 2 months 12 days
Weighted-average discount rate - operating leases	6.80%	6.80%
Bonfire
Operating leases
Operating lease cost	$ 105	$ 211
Operating lease expense	105	211
Total rent expense	105	211
Operating cash flows from operating leases	$ 106	$ 214
Weighted-average remaining lease term - operating leases	2 years	2 years
Weighted-average discount rate - operating leases	9.90%	9.90%
CityBase holders
Operating leases
Operating lease cost	$ 153	$ 305
Operating lease expense	153	305
Total rent expense	153	305
Operating cash flows from operating leases	$ 165	$ 329
Weighted-average remaining lease term - operating leases	1 year 4 months 24 days	1 year 4 months 24 days
Weighted-average discount rate - operating leases	10.00%	10.00%
eCivis
Operating leases
Operating lease cost	$ 77	$ 154
Operating lease expense	77	154
Total rent expense	77	154
Operating cash flows from operating leases	$ 77	$ 154
Weighted-average remaining lease term - operating leases	1 year 10 months 24 days	1 year 10 months 24 days
Weighted-average discount rate - operating leases	8.00%	8.00%
Questica
Operating leases
Operating lease cost	$ 156	$ 370
Operating lease expense	156	370
Total rent expense	156	370
Operating cash flows from operating leases	$ 73	$ 173
Weighted-average remaining lease term - operating leases	10 years 4 months 24 days	10 years 4 months 24 days
Weighted-average discount rate - operating leases	4.80%	4.80%

Leases - Future minimum lease p

Leases - Future minimum lease payments (Details) $ in Thousands	Jun. 30, 2020USD ($)
Year Ended December 31, 2020	$ 906
Year Ended December 31, 2021	1,609
Year Ended December 31, 2022	752
Year Ended December 31, 2023	353
Year Ended December 31, 2024	338
Thereafter	2,325
Total	6,283
Less present value discount	(1,023)
Operating lease liabilities	5,260
Bonfire
Year Ended December 31, 2020	222
Year Ended December 31, 2021	448
Year Ended December 31, 2022	228
Total	898
Less present value discount	(81)
Operating lease liabilities	817
CityBase holders
Year Ended December 31, 2020	333
Year Ended December 31, 2021	458
Total	791
Less present value discount	(53)
Operating lease liabilities	738
eCivis
Year Ended December 31, 2020	154
Year Ended December 31, 2021	309
Year Ended December 31, 2022	128
Total	591
Less present value discount	(49)
Operating lease liabilities	542
Questica
Year Ended December 31, 2020	197
Year Ended December 31, 2021	394
Year Ended December 31, 2022	396
Year Ended December 31, 2023	353
Year Ended December 31, 2024	338
Thereafter	2,325
Total	4,003
Less present value discount	(840)
Operating lease liabilities	$ 3,163

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases
Operating Lease, Liability	$ 5,260
Operating Lease, Right-of-Use Asset	4,955	$ 5,876
Finance Lease, Liability	$ 1,000

Term Loans (Details)

Term Loans (Details) - USD ($)	Feb. 14, 2020	May 31, 2020	Jun. 30, 2020	Mar. 31, 2019
Aggregate principal amount				$ 1,000,000
Amortization of Debt Issuance Costs			$ 213,000
Line of Credit
Aggregate principal amount	$ 12,000,000
Deferred issuance costs	700,000
Deferred debt issuance cost applied to interest expenses	400,000
Other deferred issuance cost	$ 300,000
Period after which interest rate becomes applicable	6 months
Interest rate	12.00%
Annual increase in interest rate	1.00%
Interest expense			600,000
Amortization of Debt Issuance Costs			200,000
Paycheck Protection Program
Term		2 years
Paycheck Protection Program | Citybase
Loan proceeds		$ 2,000,000
Paycheck Protection Program | eCivis
Loan proceeds		900,000
Paycheck Protection Program | Sherpa
Loan proceeds		$ 200,000
Accounts Payable and Accrued Expenses | Line of Credit
Accrued interest			$ 300,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Feb. 19, 2020USD ($)
Commitments and Contingencies.
Payments for Legal Settlements	$ 3.3

Shareholder's Equity (Details)

Shareholder's Equity (Details)	Feb. 20, 2020USD ($)shares	Mar. 31, 2020USD ($)employeeshares	Jul. 31, 2019USD ($)shares	Jun. 30, 2019USD ($)$ / sharesshares	Apr. 30, 2019USD ($)shares	Mar. 31, 2019USD ($)shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares	Feb. 19, 2019$ / shares	Feb. 12, 2019USD ($)$ / sharesshares
Class of Stock [Line Items]
Preferred Stock, Shares Authorized							1,000,000			1,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares							$ 0.0001			$ 0.0001
Warrants and Rights Outstanding | $							$ 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				500,000			0	500,000	500,000	0
Temporary Equity, Redemption Price Per Share | $ / shares				$ 7.72				$ 7.72	$ 7.72			$ 10
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares							$ 11.50			$ 11.50
Stock Repurchased During Period, Value | $								$ 2,413,000	$ 3,413,000		$ 2,600,000
Stock Repurchased During Period, Shares											266,366
Stock value included in treasury stock | $											$ 2,400,000
Loss from repurchase of shares | $											$ (200,000)
Gain (Loss) From Repurchase Of Shares | $							$ 666,000	(904,000)	(904,000)	$ (1,390,000)
Stock Issued During Period, Private Placement of Common Stock | $				$ 25,500,000				$ 25,450,000	$ 25,450,000
Share Price | $ / shares				$ 7.70				$ 7.70	$ 7.70
Number of Bonfire Employees | employee		2
Shares expired during the period											3,155,961
Common stock redeemed, Shares											100,000
Acquisition redemption shares											525,060
Percentage of Shares Redeemed on Redeemable Common Stock											40.00%
Share Redemption Incremental Shares Issued (in shares)	334,254
Share Redemption value | $	$ 2,100,000									$ 2,056,000
Measurement Period Adjustment To Common Stock Issued For Acquisitions, Shares											4,150
Measurement Period Adjustment To Common Stock Issued For Acquisitions, Value | $											$ 41,500
Payments of Stock Issuance Costs | $				$ 1,500,000
Cashless Stock Options Exercised				284
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				117						112,526
Temporary Equity Value Of Number of Shares Transferred to Permanent Equity | $				$ 3,900,000				$ 3,900,000	$ 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
Class of Stock [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						8.00%
Sale of Stock, Price Per Share | $ / shares							$ 18			$ 18
Maximum
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
Temporary Equity, Redemption Price Per Share | $ / shares							$ 10.29			$ 10.29
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares										0
Open Counter
Class of Stock [Line Items]
Debt Instrument, Face Amount | $						$ 1,000,000
Stock Repurchased During Period, Shares						100,000
eCivis
Class of Stock [Line Items]
Stock Repurchased During Period, Shares			71,428
Restricted Stock Units
Class of Stock [Line Items]
Common Stock, Shares, Issued							31,250			31,250	97,595
Private Placement [Member] | Subscription Agreements [Member]
Class of Stock [Line Items]
Sale Of Warrants													500,000
Warrants Issued Value | $													$ 300,000
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			$ 2,413,000	$ 3,413,000
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
Class of Stock [Line Items]
Common Stock, Shares Authorized							400,000,000			400,000,000
Common Stock, Par or Stated Value Per Share | $ / shares							$ 0.0001			$ 0.0001
Common Stock, Shares, Outstanding						100,000
Preferred Stock, Shares Issued							0			0
Preferred Stock, Shares Outstanding							0			0
Temporary Equity Number Of Shares Redeemed							20,289,478			20,289,478
Temporary Equity Value Of Number Of Shares Redeemed | $							$ 114,000,000			$ 114,000,000
Temporary Equity Number of Shares Transferred to Permanent Equity							9,216,438			9,216,438
Temporary Equity Value Of Number of Shares Transferred to Permanent Equity | $							$ 88,900,000			$ 88,900,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $		$ 1,100,000
Common Class A | 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 | Subscription Agreements [Member] | CityBase holders
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 | GTY Merger [Member]
Class of Stock [Line Items]
Number Of Shares Exchanged During Period		22,978,520
Common Class A | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions		2,600,000
Common Class B | 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 | 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
Redeemable Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions										3,937,907
Redeemable Common Stock | eCivis
Class of Stock [Line Items]
Stock Repurchased During Period, Shares			178,571
Common Class C [Member] | Questica Exchangeco [Member]
Class of Stock [Line Items]
Temporary Equity Number Of Shares Redeemed							500,000			500,000
Temporary Equity, Redemption Price Per Share | $ / shares							$ 10			$ 10
Stock Issued During Period, Shares, Acquisitions		500,000
Exchangeable Shares | Questica Exchangeco [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions		2,161,741
Exchangeable Shares | Bonfire
Class of Stock [Line Items]
Business Acquisition Shares Exchange		246,097			193,645

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Mar. 31, 2019	Feb. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Financial Designation, Predecessor and Successor [Fixed List]	Successor	Successor	Predecessor	Successor	Successor	Successor	Successor
Total revenues			$ 4,928	$ 11,164	$ 8,246	$ 11,280	$ 22,440
Cost of revenues			1,614	4,394	2,931	4,507	8,921
Income (loss) from operations			(1,555)	(7,801)	(11,247)	(51,715)	(24,321)
Goodwill				286,635			286,635	$ 286,635	$ 286,635
Assets				428,685			428,685	428,685	434,393
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) from operations				(1,414)	(1,307)	(19,548)	(6,932)
Assets								23,878	25,899
Bonfire
Segment Reporting Information [Line Items]
Total revenues			593	1,747	785	1,211	3,403
Cost of revenues			124	359	259	366	751
Income (loss) from operations			(741)	(1,038)	(3,864)	(6,277)	(3,151)
Goodwill								68,744	68,744
Assets								92,017	92,803
CityBase holders
Segment Reporting Information [Line Items]
Total revenues			820	2,155	2,147	3,083	4,054
Cost of revenues			746	1,660	1,318	2,211	3,130
Income (loss) from operations			(1,499)	(4,111)	(4,559)	(8,467)	(10,463)
Goodwill								88,327	88,327
Assets								116,189	122,851
eCivis
Segment Reporting Information [Line Items]
Total revenues			673	1,488	1,154	1,562	2,953
Cost of revenues			267	731	427	633	1,453
Income (loss) from operations			(265)	(976)	(768)	(1,902)	(2,426)
Goodwill								47,140	47,140
Assets								57,592	59,456
Open Counter
Segment Reporting Information [Line Items]
Total revenues			298	625	395	522	1,238
Cost of revenues			51	145	122	158	284
Income (loss) from operations			46	(486)	(507)	(749)	(1,374)
Goodwill								21,956	21,956
Assets								28,233	29,995
Questica
Segment Reporting Information [Line Items]
Total revenues			1,913	4,013	2,359	3,228	7,930
Cost of revenues			296	816	550	813	1,682
Income (loss) from operations			550	347	(708)	(12,074)	(37)
Goodwill								57,971	57,971
Assets								101,116	97,013
Sherpa
Segment Reporting Information [Line Items]
Total revenues			631	1,136	1,406	1,674	2,862
Cost of revenues			130	683	255	326	1,621
Income (loss) from operations			$ 354	$ (123)	$ 466	$ (2,698)	$ 62
Goodwill								2,497	2,497
Assets								$ 9,660	$ 6,376

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting Information [Line Items]
Operating segments	6
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	90.00%