International Money Express (IMXI) S-4 28 Mar 19 Registration of securities issued in business combination transactions Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	International Money Express, Inc.
Entity Central Index Key	0001683695
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Type	S-4
Amendment Flag	false
Document Period End Date	Dec. 31, 2018

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash		$ 73,029	$ 59,156
Accounts receivable, net of allowance of $842 and $566, respectively		35,795	51,374
Prepaid wires		26,655	7,676
Other prepaid expenses and current assets		3,171	900
Total current assets		138,650	119,106
Property and equipment, net		10,393	8,491
Goodwill		36,260	36,260
Intangible assets, net		36,395	48,741
Deferred tax asset, net		2,267	1,749
Other assets		1,874	2,232
Total assets		225,839	216,579
Current liabilities:
Current portion of long-term debt, net	[1]	3,936	3,913
Accounts payable		11,438	8,920
Wire transfers and money orders payable		36,311	48,277
Accrued and other		16,355	11,514
Total current liabilities		68,040	72,624
Long term liabilities:
Debt, net		113,326	108,053
Total long term liabilities		113,326	108,053
Commitments and contingencies, see Note 14
Stockholders' equity:
Common stock $0.0001 par value; 230,000,000 shares authorized, 36,182,783 and 17,227,682 shares issued and outstanding as of December 31, 2018 and 2017, respectively		4	2
Additional paid-in capital		61,889	46,076
Accumulated deficit		(17,418)	(10,174)
Accumulated other comprehensive loss		(2)	(2)
Total stockholders' equity		44,473	35,902
Total liabilities and stockholders' equity		$ 225,839	$ 216,579
[1]	Current portion of long-term debt is net of debtorigination costs of approximately $0.6 million and $0.9 million at December 31, 2018 and 2017, respectively.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Accounts receivable, allowance	$ 842	$ 566
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	230,000,000	230,000,000
Common stock, shares issued (in shares)	36,182,783	17,227,682
Common stock, shares outstanding (in shares)	36,182,783	17,227,682

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Revenues:
Wire transfer and money order fees		$ 169,796	$ 232,380
Foreign exchange		30,014	39,765
Other income		1,229	1,756
Total revenues		201,039	273,901
Operating expenses:
Service charges from agents and banks		135,569	182,471
Salaries and benefits		23,417	32,926
Other selling, general and administrative expenses		14,894	19,442
Transaction costs		8,706	10,319
Depreciation and amortization		16,645	15,671
Total operating expenses		199,231	260,829
Operating income (loss)		1,808	13,072
Interest expense		11,448	18,448
(Loss) income before income taxes		(9,640)	(5,376)
Income tax provision (benefit)		534	1,868
Net (loss) income		(10,174)	(7,244)
Other comprehensive (loss) income		(2)	0
Comprehensive (loss) income		$ (10,176)	$ (7,244)
Loss per common share:
Basic and diluted (in dollars per share)		$ (0.59)	$ (0.28)
Weighted-average common shares outstanding:
Basic and diluted (in shares)		17,227,682	25,484,386
Predecessor Company [Member]
Revenues:
Wire transfer and money order fees	$ 11,877			$ 138,468
Foreign exchange	2,450			25,782
Other income	98			1,145
Total revenues	14,425			165,395
Operating expenses:
Service charges from agents and banks	9,441			108,076
Salaries and benefits	4,530			18,518
Other selling, general and administrative expenses	1,062			12,346
Transaction costs	3,917			901
Depreciation and amortization	382			2,530
Total operating expenses	19,332			142,371
Operating income (loss)	(4,907)			23,024
Interest expense	614			9,540
(Loss) income before income taxes	(5,521)			13,484
Income tax provision (benefit)	(2,203)			4,084
Net (loss) income	(3,318)			9,400
Other comprehensive (loss) income	(3)			110
Comprehensive (loss) income	$ (3,321)			$ 9,510

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance (Predecessor Company [Member]) at Dec. 31, 2015	$ 1,375	$ 104,679	$ (76,951)	$ (130)	$ 28,973
Balance (in shares) (Predecessor Company [Member]) at Dec. 31, 2015	137,542,365
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) | Predecessor Company [Member]	$ 0	0	9,400	0	9,400
Purchase of Common Stock | Predecessor Company [Member]	$ (576)	(33,424)	0	0	(34,000)
Purchase of Common Stock (in shares) | Predecessor Company [Member]	(57,627,100)
Common dividend distributions | Predecessor Company [Member]	$ 0	(1,287)	0	0	(1,287)
Share-based compensation | Predecessor Company [Member]	$ 20	43	0	0	63
Share-based compensation (in shares) | Predecessor Company [Member]	1,963,900
Adjustment from foreign currency translation, net | Predecessor Company [Member]	$ 0	0	0	110	110
Balance (Predecessor Company [Member]) at Dec. 31, 2016	$ 819	70,011	(67,551)	(20)	3,259
Balance (in shares) (Predecessor Company [Member]) at Dec. 31, 2016	81,879,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) | Predecessor Company [Member]	$ 0	0	(3,318)	0	(3,318)
Share-based compensation | Predecessor Company [Member]	$ 5	2,911	0	0	2,916
Share-based compensation (in shares) | Predecessor Company [Member]	561
Adjustment from foreign currency translation, net | Predecessor Company [Member]	$ 0	0	0	(3)	(3)
Balance (Predecessor Company [Member]) at Jan. 31, 2017	824	72,922	(70,869)	(23)	2,854
Balance at Jan. 31, 2017	$ 2	64,408	0	0	64,410
Balance (in shares) (Predecessor Company [Member]) at Jan. 31, 2017	81,879,726
Balance (in shares) at Jan. 31, 2017	17,227,682
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 0	0	(10,174)	0	(10,174)
Common dividend distributions	0	(20,178)	0	0	(20,178)
Share-based compensation	$ 0	1,846	0	0	1,846
Share-based compensation (in shares)	0
Adjustment from foreign currency translation, net	$ 0	0	0	(2)	(2)
Balance at Dec. 31, 2017	$ 2	46,076	(10,174)	(2)	35,902
Balance (in shares) at Dec. 31, 2017	17,227,682
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 0	0	(7,244)	0	(7,244)
Net equity infusion from reverse recapitalization	$ 2	9,987	0	0	9,989
Net equity infusion from reverse recapitalization (in shares)	18,955,101
Share-based compensation	$ 0	5,826	0	0	5,826
Share-based compensation (in shares)	0
Balance at Dec. 31, 2018	$ 4	$ 61,889	$ (17,418)	$ (2)	$ 44,473
Balance (in shares) at Dec. 31, 2018	36,182,783

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	1 Months Ended	3 Months Ended				11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net (loss) income		$ 4,865	$ (540)	$ (3,112)	$ (7,761)	$ (10,174)	$ (7,244)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization						16,645	15,671
Share-based compensation						1,846	5,826
Provision for bad debt						1,401	1,236
Debt origination costs amortization						335	4,448	$ 335
Deferred taxes						370	191
Debt extinguishment costs						0	1,843
Loss on disposals of property and equipment						128	216
Total adjustments						20,725	29,431
Changes in operating assets and liabilities:
Accounts receivable						(29,173)	14,337
Prepaid wires						(4,144)	(19,000)
Other prepaid expenses and assets						(1,011)	(2,080)
Wire transfers and money orders payable						27,638	(11,899)
Accounts payable and accrued other						3,556	16,293
Net cash provided by operating activities						7,417	19,838
Cash flows from investing activities:
Purchases of property and equipment						(4,351)	(5,331)
Net cash used in acquisition						(924)	0
Acquisition of agent locations						0	(120)
Net cash used in investing activities						(5,275)	(5,451)
Cash flows from financing activities:
Borrowings under term loan						102,000	90,000
Proceeds from reverse recapitalization						0	101,664
Cash consideration to Intermex shareholders						0	(101,659)
Borrowings (repayments) under revolving loan, net						12,000	10,000
Repayment of term loan						(76,212)	(95,788)
Debt origination costs						(4,683)	(3,487)
Debt extinguishment costs		(1,800)				0	(1,843)
Common dividend distributions						(20,178)	0
Purchase of common stock						0	0
Net cash (used in) provided by financing activities						12,927	(1,113)
Effect of exchange rate changes on cash						98	(40)
Net increase in cash and restricted cash						15,167	13,234
Cash and restricted cash, beginning of the period			$ 59,795			44,628	59,795
Cash and restricted cash, end of the period	$ 44,628	$ 73,029		$ 59,795		59,795	73,029	59,795
Supplemental disclosure of cash flow information:
Interest payments						11,687	10,703
Income tax payments						400	1,495
Supplemental disclosure of non-cash financing activity:
Agent businesses acquired in exchange for receivables						640	0
Intermex transaction accruals settled by acquisition proceeds						0	9,062
Net assets acquired in the Merger						0	$ 922
Predecessor Company [Member]
Cash flows from operating activities:
Net (loss) income	(3,318)								$ 9,400
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	382								2,530
Share-based compensation	2,916								63
Provision for bad debt	84								909
Debt origination costs amortization	39								2,671
Deferred taxes	(2,214)								3,719
Debt extinguishment costs	0								0
Loss on disposals of property and equipment	12								173
Total adjustments	1,219								10,065
Changes in operating assets and liabilities:
Accounts receivable	3,612								(15,866)
Prepaid wires	7,849								777
Other prepaid expenses and assets	71								(302)
Wire transfers and money orders payable	(1,884)								13,759
Accounts payable and accrued other	1,103								4,563
Net cash provided by operating activities	8,652								22,396
Cash flows from investing activities:
Purchases of property and equipment	(249)								(3,012)
Net cash used in acquisition	0								0
Acquisition of agent locations	0								0
Net cash used in investing activities	(249)								(3,012)
Cash flows from financing activities:
Borrowings under term loan	0								40,332
Proceeds from reverse recapitalization	0								0
Cash consideration to Intermex shareholders	0								0
Borrowings (repayments) under revolving loan, net	(2,000)								(2,000)
Repayment of term loan	0								(1,287)
Debt origination costs	0								(2,316)
Debt extinguishment costs	0								0
Common dividend distributions	0								(1,287)
Purchase of common stock	0								(34,000)
Net cash (used in) provided by financing activities	(2,000)								(558)
Effect of exchange rate changes on cash	(16)								(150)
Net increase in cash and restricted cash	6,387								18,676
Cash and restricted cash, beginning of the period	38,241				$ 38,241	$ 44,628		$ 38,241	19,565
Cash and restricted cash, end of the period	44,628								38,241
Supplemental disclosure of cash flow information:
Interest payments	659								6,765
Income tax payments	0								155
Supplemental disclosure of non-cash financing activity:
Agent businesses acquired in exchange for receivables	0								343
Intermex transaction accruals settled by acquisition proceeds	0								0
Net assets acquired in the Merger	$ 0								$ 0

BASIS OF PRESENTATION AND BUSIN

BASIS OF PRESENTATION AND BUSINESS	12 Months Ended
	Dec. 31, 2018
BASIS OF PRESENTATION AND BUSINESS [Abstract]
BASIS OF PRESENTATION AND BUSINESS	NOTE 1 – BASIS OF PRESENTATION AND BUSINESS On July 26, 2018 (the “Closing Date”), International Money Express, Inc. (formerly FinTech Acquisition Corp. II) consummated the previously announced transaction (the “Merger”) by and among FinTech Acquisition Corp. II, a Delaware corporation (“FinTech”), FinTech II Merger Sub Inc., a wholly-owned subsidiary of FinTech (“Merger Sub 1”), FinTech II Merger Sub 2 LLC, a wholly-owned subsidiary of FinTech (“Merger Sub 2”), Intermex Holdings II, Inc. (“Intermex”) and SPC Intermex Representative LLC (“SPC Intermex”) (See Note 3). As a result of the Merger, the separate corporate existence of Intermex ceased and Merger Sub 2 (which changed its name to International Money Express Sub 2, LLC in connection with the closing of the Merger) continued as the surviving entity. In connection with the closing of the Merger, FinTech changed its name to International Money Express, Inc. (the “Company”). Unless the context below otherwise provides, the “Company” refers to the combined company following the Merger and, together with their respective subsidiaries, “FinTech” refers to the registrant prior to the closing of the Merger and “Intermex” refers to Intermex Holdings II, Inc. prior to the closing of Merger. The Merger has been accounted for as a reverse recapitalization where FinTech was treated as the “acquired” company for financial reporting purposes. This determination was primarily based on the facts that following the Merger, the former stockholders of Intermex control the majority of the voting rights in respect of the board of directors of the Company, Intermex comprising the ongoing operations of the Company and Intermex’s senior management comprising the senior management of the Company. Accordingly, the Merger is treated as the equivalent of Intermex issuing stock for the net assets of FinTech, accompanied by a recapitalization. The net assets of FinTech are stated at historical cost, with no goodwill or other intangible assets resulting from the Merger. The consolidated assets, liabilities and results of operations prior to the Closing Date of the Merger are those of Intermex, and FinTech’s assets, liabilities and results of operations are consolidated with Intermex beginning on the Closing Date. The shares and corresponding capital amounts included in common stock and additional paid-in capital, pre-merger, have been retroactively restated as shares reflecting the exchange ratio in the Merger for all Successor periods. The historical financial information and operating results of FinTech prior to the Merger have not been separately presented in these consolidated financial statements as they were not significant or meaningful. Stella Point Capital, LLC (“Stella Point”) acquired a majority interest in Intermex on February 1, 2017 as discussed in further detail in Note 3. In connection with the acquisition of Intermex by Stella Point, the Company applied “push-down” accounting and the assets and liabilities were adjusted to fair value on the closing date of the transaction, February 1, 2017. As a result, the Company's consolidated financial statement presentation distinguishes between a predecessor period ("Predecessor") for periods prior to the transaction, and a successor period ("Successor"), for periods subsequent to the transaction. The consolidated financial statements of the Company include Intermex, its wholly-owned indirect subsidiary, Intermex Wire Transfer, LLC (“LLC”), Intermex Wire Transfers de Guatemala, S.A. (“Intermex Guatemala”) - 99.8% owned by LLC, Intermex Wire Transfer de Mexico, S.A. and Intermex Transfers de Mexico, S.A. (“Intermex Mexico”) - 98% owned by LLC, Intermex Wire Transfer Corp. - 100% owned by LLC and Intermex Wire Transfer II, LLC - 100% owned by LLC. Non-controlling interest in the results of operations of consolidated subsidiaries represents the minority stockholders’ share of the profit or (loss) of Intermex Mexico and Intermex Guatemala. The non-controlling interest asset and non-controlling interest in the portion of the profit or (loss) from operations of these subsidiaries were not recorded by the Company as they are considered immaterial. The accompanying financial statements in this Annual Report on Form 10-K are presented on a consolidated basis and include the accounts of the Company and its majority-owned subsidiaries. All significant inter-company balances and transactions have been eliminated. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company operates as a money transmitter, primarily between the United States of America (“U.S.”) and Mexico, Guatemala and other countries in Latin America through a network of authorized agents located in various unaffiliated retail establishments throughout the U.S.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from these estimates. Earnings (Loss) per Share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for each period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares and common stock equivalents outstanding for each period. Diluted earnings (loss) per share reflects the potential dilution that could occur if outstanding stock options and warrants at the presented dates are exercised and shares of restricted stock have vested, using the treasury stock method. Potential common shares are excluded from the computation of diluted earnings per common share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. Stock options, restricted stock units and warrants are anti-dilutive when the exercise price of these instruments is greater than the average market price of the Company’s common stock for the period. Cash Cash is comprised of deposits in U.S. and foreign banks. The Company recognizes interest income from its cash deposits on an accrual basis. The Company considers cash equivalents to be short term, highly liquid investments with maturities of three months or less. Concentration of Credit Risk The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The amount that exceeded the federally insured limits totaled $61.4 million and $31.7 million as of December 31, 2018 and 2017, respectively. The Company has not incurred any losses on these accounts. In addition, the Company maintains various bank accounts in Mexico and Guatemala, which are not insured. The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash balances were as follows at December 31 (in thousands): December 31, 2018 December 31, 2017 Cash in U.S. dollars in U.S. banks $ 69,155 $ 55,376 Cash in foreign banks and foreign currency 3,865 3,774 Petty cash 9 6 $ 73,029 $ 59,156 Revenue Recognition Revenues for wire transfer and money order fees are recognized at the time the transaction is processed. These fees are recognized on a gross basis equal to the full amount of the fee charged to the customer as the Company is the primary obligor and has latitude in establishing price. Foreign exchange revenue, which represents the difference between the exchange rate set by the Company and the rate realized, is recognized upon the disbursement of U.S. dollars to the foreign bank. Other income primarily represents revenues for technology services provided to the independent network of agents who utilize the Company’s technology in processing transactions. Revenues for these transactions are recorded when persuasive evidence of an arrangement exists, delivery has occurred, or services have been rendered and collection is reasonably assured. Business Combinations The Company accounts for its business combinations using the acquisition method, which requires that intangible assets be recognized apart from goodwill if they are contractual in nature or separately identifiable. Acquisitions are measured on the fair value of consideration exchanged and, if the consideration given is not cash, measurement is based on the fair value of the consideration given or the fair value of the assets acquired, whichever is more reliably measurable. The excess of cost of an acquired entity over the fair value of identifiable acquired assets and liabilities assumed is allocated to goodwill. The valuation and allocation processes rely on significant assumptions made by management. In certain situations, the allocations of excess purchase price are based upon preliminary estimates and assumptions. Accordingly, the allocations are subject to revision when the Company receives updated information, including valuations and other analyses, which are completed within one year of the acquisition. Revisions to the fair values, which may be significant, are recorded when pending information is finalized, within one year from the acquisition date. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded upon initiation of the wire transfer and are typically due to the Company within five days. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its sending agents to make required payments. When preparing these estimates, management considers a number of factors, including the aging of a sending agent’s account, creditworthiness of specific sending agents, historical trends and other information. The Company reviews its allowance for doubtful accounts policy periodically, reflecting current risks and changes in industry conditions and when necessary, will increase its allowance for doubtful accounts and recognize a provision to bad debt expense, included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Accounts receivable that are more than 90 days past due are charged off against the allowance for doubtful accounts. Prepaid wires Prepaid wires represent funds that are required at certain payer agent locations in advance of a transaction, which are typically utilized within a few days. Prepaid Expenses and Other Assets Prepaid expenses, other current assets and other assets consist primarily of prepaid expenses, notes receivable (see Note 4), and restricted cash. Interest income on notes receivable is recognized on a cash basis due to uncertainty on receiving the interest payments. Restricted cash was maintained by a United States Bank and was cash collateral for an irrevocable stand-by letter of credit in the amount of $0.6 million issued as collateral for the operating lease of the Company’s headquarters and recorded in other assets at December 31, 2017 in the consolidated balance sheets. This lease was renegotiated in April 2018, and accordingly, the letter of credit is no longer required; the Company collected the funds in the fourth quarter of 2018 and, as such, no restricted cash is held at December 31, 2018. Property and Equipment Property and equipment, including leasehold improvements, are stated at cost, or the allocated fair value in purchase accounting, less accumulated depreciation and amortization. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred as part of other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the life of the lease or the estimated useful life of the improvement, whichever is shorter. At the time depreciable assets are retired or otherwise disposed, the cost and the related accumulated depreciation of such assets are eliminated from the accounts and any gain or loss is recognized in the current period. The Company capitalizes costs incurred for the development of internal use computer software, which are depreciated over five years using the straight-line method. Goodwill and Intangible Assets Goodwill and Intangible assets result primarily from business combination acquisitions, including the Stella Point acquisition discussed in Note 3. Intangible assets include agent relationships, trade name, developed technology and other intangibles, all with finite lives. Upon the acquisition, the purchase price is first allocated to identifiable assets and liabilities, including the trade name and other intangibles, with any remaining purchase price recorded as goodwill. Goodwill is not amortized, rather, impairment tests are conducted on an annual basis, in the fourth quarter, or more frequently if indicators of impairment are present. A qualitative assessment of goodwill was performed in 2017 subsequent to the Stella Point acquisition on February 1, 2017 (see Note 3) and in the fourth quarter of 2018. A qualitative assessment includes consideration of the economic, industry and market conditions in addition to the overall financial performance of the Company and these assets. Based on the results of the assessment, no indicators of impairment were noted. Accordingly, no further impairment testing was completed, and no impairment charges related to goodwill were recognized during the Successor period from February 1, 2017 through December 31, 2017 and for the year ended December 31, 2018. The Company’s agent relationships, trade name and developed technology are currently amortized utilizing an accelerated method over their estimated useful lives of 15 years. Other intangible assets are amortized on a straight-line basis over a useful life of 10 years. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described below in "Impairment of Long-Lived Assets." Impairment of Long-Lived Assets The Company evaluates long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Upon such an occurrence, recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to forecasted undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. For long-lived assets held for sale, assets are written down to fair value, less cost to sell. Fair value is determined based on discounted cash flows, appraised values or management’s estimates, depending upon the nature of the assets. There were no impairment indicators noted for all periods presented in the consolidated financial statements for long-lived assets, including amortizable intangible assets. Debt Origination Costs The Company incurred debt origination costs related to their credit agreement, consisting of a term loan and a revolving credit facility (see Note 8) and amortizes these costs over the life of the related debt using the straight-line method, which approximates the effective interest method. The unamortized portion of debt origination costs related to the term loan are recorded on the consolidated balance sheets as an offset to the related debt, while deferred up-front commitment fees paid directly to the lender related to the revolving credit facility are recorded within other assets in the consolidated balance sheets. Amortization of debt origination costs is included as a component of interest expense in the consolidated statements of operations and comprehensive (loss) income. Advertising Costs Advertising costs are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income and are expensed as incurred. The Company incurred advertising costs of approximately $1.8 million and $1.7 million for the year ended December 31, 2018 and the Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $0.1 million and $1.1 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and the year ended December 31, 2016, respectively. Income Taxes The Company accounts for income taxes in accordance with U.S. generally accepted accounting principles which require, among other things, recognition of future tax benefits measured at enacted rates attributable to deductible temporary differences between financial statement and income tax bases of assets and liabilities and to tax net operating loss carryforwards to the extent that realization of said benefits is more likely than not. The Company accounts for tax contingencies by assessing all material positions, including all significant uncertain positions, for all tax years that are open to assessment or challenge under tax statutes. Those positions that have only timing consequences are separately analyzed based on the recognition and measurement model provided in the tax guidance. As required by the uncertain tax position guidance, the Company recognizes the financial statement benefit of a position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal or state and local income tax examinations by tax authorities for the years before 2014. The Company applies the uncertain tax position guidance to all tax positions for which the statute of limitations remains open. The Company’s policy is to classify interest accrued as interest expense and penalties as operating expenses. As of December 31, 2018 and 2017, the Company did not have any amounts accrued for interest and penalties or recorded for uncertain tax positions. Foreign subsidiaries of the Company are subject to taxes by local tax authorities. Foreign Currency Translation and Transactions The financial statements and transactions of the Company’s foreign operations are maintained in their functional currency, which is other than the U.S. dollar. Assets and liabilities are translated at current exchange rates in effect at the balance sheet date. Revenue and expenses are translated at the average exchange rate for each period. Translation adjustments, which result from the process of translating the financial statements of the Company’s foreign operations into U.S. dollars, are recorded as a component of accumulated other comprehensive loss. Gains or losses from foreign currency transactions amounted to approximately $29.8 thousand and $(17.0) thousand for the year ended December 31, 2018 and the Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $11.6 thousand and $1.1 thousand for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively, and are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Foreign exchange spot transactions On the normal course of business, the Company enters into Foreign Exchange Spot transactions to purchase foreign currency at the current market rate. The Company records Foreign Exchange Spot transactions on trade date. These transactions are settled within one or two days from trade date. Comprehensive (Loss) Income Comprehensive (loss) income consists of net (loss) income and the foreign currency translation adjustment and is presented in the consolidated statements of operations and comprehensive (loss) income. Share-Based Compensation The Company accounts for its share-based employee compensation expense related to incentive units, restricted stock grants and stock options under generally accepted accounting principles, which requires the measurement and recognition of compensation costs for all equity-based payment awards made to employees and directors based on estimated fair values. We have elected to account for forfeitures as they occur. See Note 11 for further discussion related to the Company’s share-based compensation plans. Segments The Company’s business is organized around one reportable segment that provides money transmittal services primarily between the USA and Latin America. This is based on the objectives of the business and how our chief operating decision maker, the CEO and President, monitors operating performance and allocates resources. Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) issued amended guidance, Restricted Cash The FASB issued guidance, Improvements to Employee Share-Based Payment Accounting The FASB issued guidance, Revenue from Contracts with Customers The FASB issued amended guidance, Business Combinations - Clarifying the Definition of a Business The FASB issued guidance, Leases The FASB issued amended guidance, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments The FASB issued amended guidance, Intangibles – Goodwill and other: Simplifying the Test for Goodwill Impairment The FASB issued guidance, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments Reclassifications Certain reclassifications have been made to prior-year amounts in the consolidated balance sheets and consolidated statements of operations and comprehensive (loss) income to conform to current-year reporting classifications. These reclassifications had no impact on net (loss) income, comprehensive (loss) income or stockholder’s equity.

FINTECH MERGER AND STELLA POINT

FINTECH MERGER AND STELLA POINT ACQUISITION	12 Months Ended
	Dec. 31, 2018
FINTECH MERGER AND STELLA POINT ACQUISITION [Abstract]
FINTECH MERGER AND STELLA POINT ACQUISITION	NOTE 3 – FINTECH MERGER AND STELLA POINT ACQUISITION FinTech Merger As discussed in Note 1, on July 26, 2018, Intermex and FinTech consummated the Merger, which has been accounted for as a reverse recapitalization. Immediately prior to the Merger, FinTech’s shareholders exercised their right to redeem certain of their outstanding shares for cash, resulting in the redemption of 4.9 million shares of FinTech for gross redemption payments of $49.8 million. Subsequent to this redemption, there were 18.9 million outstanding shares. The aggregate consideration paid in the Merger by FinTech to the Intermex shareholders consisted of approximately (i) $102.0 million in cash and (ii) 17.2 million shares of FinTech common stock. In accounting for the reverse recapitalization, the net cash proceeds received from FinTech amounted to $5.0 thousand as shown in the table below (in thousands): Cash balance available to Intermex prior to the consummation of the Merger $ 110,726 Less: Intermex Merger costs paid from acquisition proceeds at closing (9,062 ) Cash consideration to Intermex shareholders (101,659 ) Net cash proceeds from reverse recapitalization $ 5 Cash balance available to Intermex prior to the consummation of the Merger $ 110,726 Less: Cash consideration to Intermex shareholders (101,659 ) Other FinTech assets acquired and liabilities assumed in the Merger: Prepaid expenses 76 Accrued liabilities (136 ) Deferred tax assets 982 Net equity infusion from FinTech $ 9,989 Cash consideration to Intermex shareholders includes the payout of all vested Incentive Units issued to employees of the Company as discussed in Note 11. After the completion of the Merger on July 26, 2018, there were 36.2 million shares of International Money Express, Inc. common stock outstanding, warrants to purchase 9 million shares of common stock and 3.4 million shares reserved for issuance under the International Money Express, Inc. 2018 Omnibus Equity Compensation Plan (See Note 11). In connection with the Merger, the Company acquired approximately $1 million of deferred tax assets from FinTech. These deferred tax assets relate to capitalized transaction costs incurred by FinTech prior to the merger, therefore they have been recorded through APIC, and will be amortizable on the Company’s post-Merger tax returns over a period of 15 years. Acquisition by Stella Point On February 1, 2016, Intermex and its majority owner at the time, Lindsay Goldberg LLC, entered into an agreement with Stella Point, acquirer, for the sale of Intermex. This acquisition was accounted for as a business combination and became effective on February 1, 2017 for a transaction price of $52.0 million in cash, plus $12.4 million of rollover equity from certain existing management holders, the assumption of approximately $78.0 million of Intermex’s outstanding debt and an additional funding of $5.0 million of Intermex debt. There was no contingent consideration in the transaction. As a result, Stella Point acquired 80.7% of the voting equity interest in Intermex and other minority stockholders acquired the remaining interest, none individually greater than 10%. The purchase price in excess of the fair value of acquired assets was accounted for as goodwill, as discussed further below. The acquisition method for a business combination requires that the assets acquired and liabilities assumed be recognized at their allocated fair values as of the February 1, 2017 acquisition date, which is summarized below (in thousands): Successor Company Cash $ 43,065 Accounts receivables 24,032 Prepaid and other current assets 3,713 Property and equipment 6,328 Other assets 1,345 Total tangible assets acquired 78,483 Intangible assets acquired 62,660 Deferred tax asset, net 2,119 Less: Liabilities assumed (115,112 ) Net assets 28,150 Goodwill 36,260 Total purchase price $ 64,410 The intangible assets acquired consist primarily of agent relationships, trade name and developed technology. The excess of the purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill, which is attributable to the workforce and reputation of Intermex. The accounting for this business combination has been completed, therefore the measurement period is closed. Goodwill was not deductible for income tax purposes. Transaction Costs Direct costs related to the Merger and Stella Point acquisition were expensed as incurred and included as Transaction costs in the consolidated statements of operations and comprehensive (loss) income. Transaction costs for the year ended December 31, 2018 amounted to $10.3 million and related specifically to the Merger, while expenses of $8.7 million for the Successor period from February 1, 2017 through December 31, 2017 and $3.9 million and $0.9 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and the year ended December 31, 2016, respectively, related to the Stella Point acquisition. Transaction costs include all internal and external costs directly related to the Merger and Stella Point acquisition, consisting primarily of legal, consulting, accounting, advisory and financing fees and certain incentive bonuses.

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2018
NOTES RECEIVABLE [Abstract]
NOTES RECEIVABLE	NOTE 4 – NOTES RECEIVABLE The Company had notes receivable from sending agents at December 31 as follows (in thousands): December 31, 2018 December 31, 2017 Notes receivable, current $ 730 $ 471 Allowance (279 ) (176 ) Net current $ 451 $ 295 Notes receivable, long-term $ 478 $ 608 Allowance (169 ) (248 ) Net long-term $ 309 $ 360 The net current portion is included in other prepaid expenses and current assets, and the net long-term portion is included in other assets in the consolidated balance sheets. The notes have interest rates ranging from 0% to 18.5% per annum. At December 31, 2018 and 2017, there were $1.2 million and $1.1 million, respectively, of notes collateralized by personal guarantees from the sending agents and by assets from their businesses in case of a default by the agent. The maturities of notes receivable at December 31, 2018 is as follows (in thousands): Unpaid Principle Balance Under 1 year $ 730 Between 1 and 2 years 438 Between 2 and 3 years 40 Total $ 1,208

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
PROPERTY AND EQUIPMENT [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment at December 31 consists of the following (in thousands): December 31, 2018 December 31, 2017 Estimated Useful Life (in years) Computer software and equipment $ 14,114 $ 9,154 3 to 5 Office Improvements 989 798 5 Furnitures and fixtures 397 303 7 15,500 10,255 Less accumulated depreciation (5,107 ) (1,764 ) $ 10,393 $ 8,491 Computer software and equipment above includes equipment maintained at locations of agents and used and owned by the Company of approximately $7.2 million and $3.8 million at December 31, 2018 and 2017, respectively. Also, it includes development of internal use software of approximately $1.9 million and $1.3 million at December 31, 2018 and 2017, respectively. Depreciation expense was approximately $3.2 million and $2.1 million for the year ended December 31, 2018 and Successor period from February 1, 2017 through December 31, 2017, respectively, and $0.2 million and $1.6 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively. Repairs and maintenance expenses were approximately $1.4 million and $0.9 million for the year ended December 31, 2018 and Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $0.1 million and $0.8 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2018
GOODWILL AND INTANGIBLE ASSETS [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 6 – GOODWILL AND INTANGIBLE ASSETS The gross carrying amount and accumulated amortization at December 31 for goodwill and intangible assets are as follows (in thousands): December 31, 2018 December 31, 2017 Indefinite life: Goodwill $ 36,260 $ 36,260 Total indefinite life $ 36,260 $ 36,260 Amortizable: Agent relationships $ 40,500 $ 40,500 Trade name 15,500 15,500 Developed technology 6,600 6,600 Other intangibles 820 700 Accumulated amortization expense (27,025 ) (14,559 ) Net amortizable intangibles $ 36,395 $ 48,741 Goodwill and the majority of intangible assets on the consolidated balance sheets of the Company were recognized upon the acquisition by Stella Point (see Note 3). The fair value measurements were based on significant inputs, such as the Company’s forecasted revenues, assumed turnover of agent locations, obsolescence assumptions for technology, market discount and royalty rates. These inputs are based on information not observable in the market and represent Level 3 measurements within the fair value hierarchy. Trade name refers to the Intermex name, branded on all agent locations and well recognized in the market. This fair value was determined using the relief-from-royalty method, which is based on the Company’s expected revenues and a royalty rate estimated using comparable market data. As a result of the Stella Point acquisition, the Company determined it was appropriate to assign a finite useful life of 15 years to the trade name. The Company decided that a finite life would be more appropriate, providing better matching of the amortization expense during the period of expected benefits. The agent relationships intangible represents the network of over 5,000 independent sending agents. This intangible was valued using the excess earnings method, which was based on the Company’s forecasts and historical activity at agent locations in order to develop a turnover rate and expected useful life. Assuming a year-over-year location turnover rate of 17.4%, this resulted in an expected useful life for this intangible of 15 years. Developed technology includes the state-of-the-art system that the Company has continued to develop and improve upon over the past 20 years. This intangible was valued using the relief-from-royalty method based on the Company’s forecasted revenues, a royalty rate estimated using comparable market data, an expected obsolescence rate of 18.0% and an estimated useful life of 15 years. Other intangibles primarily relate to the acquisition of certain agent locations, which are amortized over 10 years. The net book value of these intangibles was $0.7 million and $0.6 million at December 31, 2018 and 2017, respectively. Management believes it has made reasonable estimates and judgments concerning these risks and uncertainties. A change in the conditions, circumstances or strategy of the Company may result in a need to recognize an impairment charge. The following table presents the changes in goodwill and intangible assets (in thousands): Predecessor Company Goodwill Intangibles Balance at December, 2016 $ - $ 6,348 Amortization expense - (231 ) Balance at January 31, 2017 $ - $ 6,117 Successor Company Goodwill Intangibles Balance at February 1, 2017 $ 36,260 $ 62,660 Acquisition of agent locations - 640 Amortization expense - (14,559 ) Balance at December 31, 2017 $ 36,260 $ 48,741 Acquisition of agent locations - 120 Amortization expense - (12,466 ) Balance at December 31, 2018 $ 36,260 $ 36,395 Amortization expense related to intangible assets was approximately $0.9 million for the Predecessor year ended December 31, 2016. Amortization expense related to intangible assets for the next five years and thereafter is as follows (in thousands): 2019 $ 9,324 2020 6,917 2021 5,128 2022 3,964 2023 2,956 Thereafter 8,106 $ 36,395

ACCRUED AND OTHER LIABILITIES

ACCRUED AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2018
ACCRUED AND OTHER LIABILITIES [Abstract]
ACCRUED AND OTHER LIABILITIES	NOTE 7 – ACCRUED AND OTHER LIABILITIES Accrued and other liabilities consisted of the following (in thousands): December 31, 2018 December 31, 2017 Payables to sending agents $ 8,972 $ 6,875 Accrued compensation 2,344 1,092 Accrued bank charges 983 897 Accrued loyalty program reserve 621 165 Accrued legal fees 920 1,644 Accrued taxes 745 319 Accrued interest 1,009 - Other 761 522 $ 16,355 $ 11,514

DEBT

DEBT	12 Months Ended
	Dec. 31, 2018
DEBT [Abstract]
DEBT	NOTE 8 – DEBT Debt consisted of the following (in thousands): December 31, 2018 December 31, 2017 Revolving credit facility $ 30,000 $ 20,000 Term loan 90,000 95,788 120,000 115,788 Less: Current portion of long term debt (1) (3,936 ) (3,913 ) Less: Debt origination costs (2,738 ) (3,822 ) $ 113,326 $ 108,053 (1) On August 23, 2017, Intermex entered into a Financing Agreement (the “Financing Agreement”) with MC Credit Partners to refinance its debt. The Financing Agreement included a revolving credit facility that provided for funding of up to $20 million in the aggregate and a term loan in an aggregate principal amount of $97 million (together the “Senior Secured Credit Facility”). Interest on the term loan and revolving credit facility was determined by reference to either LIBOR or a “base rate”, in each case plus an applicable margin of 9% per annum for LIBOR loans or 8% per annum for base rate loans. The effective interest rates at December 31, 2017 for the term loan and revolving credit facility were 10.46% and 12.50%, respectively. The principal amount of the term loan had to be repaid in consecutive quarterly installments on the last business day of each March, June, September and December commencing in December 2017. The Company had to repay an amount equal to 1.25% of the original amount borrowed for each quarterly payment from December 31, 2017 through September 30, 2019 and 2.50% of the original amount borrowed for each quarterly payment from December 31, 2019 and thereafter. The proceeds from the revolver and term loan discussed above were primarily used to repay existing debt. On December 19, 2017, the Financing Agreement was amended to allow for the change of control of Intermex pursuant to the Merger. Upon closing of the Merger, the Company was required to pay $1.5 million in fees to MC Credit Partners, which were expensed as transaction costs in the consolidated statements of operations and comprehensive (loss) income for the year ended December 31, 2018 and funded by the proceeds received in the Merger. On November 7, 2018 and further amended on December 7, 2018 Interest on the term loan facility and revolving credit facility under the Credit Agreement is determined by reference to either LIBOR or a “base rate”, in each case plus an applicable margin of 4.50% per annum for LIBOR loans or 3.50% per annum for base rate loans. The Company is also required to pay a fee on the unused portion of the revolving credit facility equal to 0.35% per annum. The effective interest rates at December 31, 2018 for the term loan and revolving credit facility were 8.22% and 8.56%, respectively. The principal amount of the term loan facility must be repaid in consecutive quarterly installments of 5.0% in year 1, 7.5% in years 2 and 3, 10.0% in years 4 and 5, in each case on the last day of each quarter, commencing in March 2019 with a final payment at maturity. The loans under the Credit Agreement may be prepaid at any time without payment or penalty. The Credit Agreement contains covenants that limit the Company’s and its subsidiaries’ ability to, among other things, grant liens, incur additional indebtedness, make acquisitions or investments, dispose of certain assets, make dividends and distributions, change the nature of their businesses, enter into certain transactions with affiliates or amend the terms of material indebtedness. The Credit Agreement also contains financial covenants which require the Company to maintain a quarterly minimum fixed charge coverage ratio of 1.25:1.00 and a quarterly maximum consolidated leverage ratio of 3.25:1.00. The obligations under the Credit Agreement are guaranteed by the Company and certain domestic subsidiaries of the Company and secured by liens substantially all of the assets of the loan parties, subject to certain exclusions and limitations. The scheduled annual maturities of the term loan at December 31, 2018 are as follows (in thousands): 2019 $ 4,500 2020 6,750 2021 6,750 2022 9,000 2023 63,000 $ 90,000 During November 2018, the Company capitalized costs of approximately $3.5 million related to the Credit Agreement. During August 2017, the Company capitalized costs totaling $4.7 million for the Successor period from February 1, 2017 through December 31, 2017 relating to the Financing Agreement. There were no debt origination costs incurred for the Predecessor period from January 1, 2017 through January 31, 2017. The unamortized portion of debt origination costs totaled approximately $3.4 million at December 31, 2018 and $4.3 million at December 31, 2017. Amortization of debt origination costs is included as a component of interest expense in the consolidated statements of operations and comprehensive (loss) income and amounted to approximately $4.4 million for the year ended December 31, 2018, $0.3 million for the Successor period from February 1, 2017 through December 31, 2017, and approximately $39.2 thousand and $2.7 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively. The amortization of debt origination costs includes the write-off of debt origination costs associated with previous debt originations of approximately $3.5 million for the year ended December 31, 2018 and $2.3 million for the Predecessor year ended December 31, 2016, both in connection with extinguishment of debt. Debt origination costs of approximately $1.9 million related to debt that was assumed by the Successor Company in connection with the Stella Point acquisition (see Note 3) were written off to goodwill at the February 1, 2017 acquisition date.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 9 - FAIR VALUE MEASUREMENTS The Company determines fair value in accordance with the provisions of FASB guidance, Fair Value Measurements and Disclosures The Company’s non-financial assets measured at fair value on a nonrecurring basis include the goodwill and other intangibles derived on February 1, 2017 as a result of the Stella Point acquisition as disclosed in Note 3. Refer to Note 6 for a further discussion related to fair value measurements on these non-financial assets. The Company’s cash is representative of fair value as these balances are comprised of deposits available on demand. Accounts receivable, prepaid wires, accounts payable and wire transfers and money orders payable are representative of their fair values because of the short turnover of these items. The Company’s financial instruments that are not measured at fair value on a recurring basis include its revolving credit facility and term loan. The fair value of the term loan, which approximates book value, is estimated by discounting the future cash flows using a current market interest rate. The estimated fair value of the revolving credit facility would approximate face value given the payment schedule and variable interest rate structure.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2018
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 - RELATED PARTY TRANSACTIONS During the Successor periods prior to the Merger, Intermex paid a monthly management fee of $65 thousand, plus reimbursement of expenses, to a related party for management services, which is included in other selling, general and administrative expenses on the Company’s consolidated statements of operations and comprehensive (loss) income. During the Predecessor periods, all management fees were waived. There were no amounts payable to or receivable from related parties included in the consolidated balance sheets at December 31, 2018 and 2017. The management company was reimbursed expenses of approximately $12 thousand in the Successor period from February 1, 2017 through December 31, 2017. Upon closing of the Merger on July 26, 2018 (See Note 3), the management fee agreement with the related party was terminated, and a one-time termination fee of $1.6 million was included as part of transaction costs in the consolidated statements of operations and comprehensive (loss) income for the year ended December 31, 2018.

STOCKHOLDER'S EQUITY AND SHARE-

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION [Abstract]
STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION	NOTE 11 – STOCKHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Common Stock After the completion of the Merger on the Closing Date, there were 36.2 million shares of the Company’s common stock outstanding and outstanding warrants to purchase 9 million shares of common stock. As of the Closing Date, the former stockholders of Intermex owned approximately 48.3% and the former stockholders of FinTech owned approximately 51.7% of the combined company’s outstanding common stock. At December 31, 2018, the Company was authorized to issue 230 million shares of common stock and had 36.2 million shares of common stock issued and outstanding at $0.0001 par value per common share. Equity Warrants Prior to the Merger, FinTech issued 8.8 million public warrants (“Public Warrants”) and 0.2 million private placement warrants (“Placement Warrants”)(combined are referred to as the “Warrants”). The Company assumed the FinTech equity warrants upon the change of control event. As a result of the Merger, the Warrants issued by FinTech are no longer exercisable for shares of FinTech common stock but instead are exercisable for common stock of the Company. All other features of the Warrants remain unchanged. There are no cash obligations for the Company pertaining to these Warrants, and they are recognized in equity upon any exercise. Each whole Warrant entitles the holder to purchase one share of the Company's common stock at a price of $11.50 per share. The Warrants became exercisable 30 days after the completion of the Merger and expire five years after that date, or earlier upon redemption or liquidation. The Company may call the Public 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 the reported last sale price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-trading day period ended three business days before the Company sends the notice of redemption to the warrant holders. The Company cannot call the Placement Warrants as long as they are held by the original holders or transferred to certain permitted transferees established in the Warrant Agreement. International Money Express, Inc. 2018 Omnibus Equity Compensation Plan In connection with the Merger, the stockholders of FinTech approved the International Money Express, Inc. 2018 Omnibus Equity Compensation Plan (the “2018 Plan”). There are 3.4 million shares reserved for issuance under the 2018 Plan, of which stock options to purchase 2.8 million shares of common stock and restricted stock units in respect of 21.2 thousand shares of common stock were granted to employees and independent directors of the Company in connection with the completion of the transactions at the Closing Date. The value of each option grant is estimated on the grant date using the Black-Scholes option pricing model. The option pricing model requires the input of highly subjective assumptions, including the grant date fair value of our common stock, expected volatility, expected forfeitures and risk-free interest rates. To determine the grant date fair value of the Company’s common stock, we use the closing market price of our common stock at the grant date. We also use an expected volatility based on the historical volatilities of a group of guideline companies and the "simplified" method for calculating the expected life of our stock options. We have elected to account for forfeitures as they occur. The risk-free interest rates are obtained from publicly available U.S. Treasury yield curve rates. Share-based compensation is recognized as an expense on a straight-line basis over the requisite service period, which is generally the vesting period. The stock options issued under the 2018 Plan have 10-year terms and vest in four equal annual installments beginning 1 year after the date of the grant. The Company recognized compensation expense for stock options of approximately $1.0 million for the year ended December 31, 2018, which is included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income. No stock options vested during year ended December 31, 2018; therefore, no stock options are exercisable as of December 31, 2018. The weighted-average grant date fair value for the stock options to purchase 2.9 million shares of common stock granted was $3.46 per share. As of December 31, 2018, there were 2.9 million non-vested stock options and unrecognized compensation expense of approximately $9.0 million is expected to be recognized over a weighted-average period of 3.6 years. A summary of the stock option activity during the year ended December 31, 2018 is presented below: Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Weighted-Average Grand Date Fair Value Outstanding at December 31, 2017 - Granted 2,894,219 $ 10.00 $ 3.46 Exercised - Forfeited (13,000 ) $ 9.91 $ 3.43 Expired - Outstanding at December 31, 2018 2,881,219 $ 10.00 9.60 $ 3.47 The restricted stock units issued under the 2018 Plan to the Company’s independent directors vest on the one-year anniversary from the grant date. The Company recognized compensation expense for restricted stock units of $87.5 thousand for the year ended December 31, 2018, which is included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income. There were no forfeited or vested restricted stock units during 2018. As of December 31, 2018, there was $122.5 thousand of unrecognized compensation expense for the restricted stock units. In addition to the grant of restricted stock units, each of the independent directors receives an annual cash retainer of $40 thousand for services as a director. Incentive Units Interwire LLC, the former parent company of Intermex, issued Class B, C and D incentive units to employees of the Company (collectively “incentive units”) in connection with the Stella Point acquisition (see Note 3). As these units were issued as compensation to the Company’s employees, the expense was recorded by the Company. In connection with the Merger, on the Closing Date, all unvested incentive units for Class B, C and D became fully vested and were immediately recognized as share-based compensation expense. Share-based compensation expense recognized related to these incentive units and included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income, amounted to $4.7 million for the year ended December 31, 2018, and $1.8 million for the Successor period from February 1, 2017 through December 31, 2017. The performance conditions related to the Class C and D units were not considered probable of being achieved prior to the Merger, and therefore, no compensation was recognized for all prior periods. Subsequent to this settlement, all incentive units ceased to exist. Share-based compensation of $2.9 million for the Predecessor period from January 1, 2017 through January 31, 2017 primarily included the expense associated with stock options and restricted awards that vested due to the Stella acquisition. Incentive units authorized and issued during the Successor period from February 1, 2017 through December 31, 2017 consisted of the following: Incentive Units Authorized Units Issued February 2017 Units Issued September 2017 Class B 10,000,000 9,055,000 665,000 Class C 5,000,000 4,527,500 332,500 Class D 5,000,000 4,527,500 332,500 The grant date fair value of the incentive units was calculated using the Monte Carlo Simulation. This approach derives the fair value of the incentive units based on certain assumptions related to expected volatility, expected term, risk-free interest rate and dividend yield. Expected volatilities were based on observed volatilities of similar publicly-traded companies, and the expected term was based on a formula that considers the vesting terms and the original contract term of the incentive unit awards. The risk-free rate was based on the U.S. Treasury yield curve, and the selected dividend yield assumption was determined in view of Interwire LLC’s historical and estimated dividend payout. The following were the assumptions used in calculating the fair value of the units at the grant dates: Units Issued February 2017 Units Issued September 2017 Expected dividend yield 0.0 % 0.0 % Expected volatility 46.9 % 47.4 % Risk-free interest rate 2.1 % 1.9 % Expected term (in years) 6 5.8 The grant date fair value per unit for each class of incentive unit for the Successor period from February 1, 2017 to December 31, 2017 were as follows: Incentive Units Per Unit Amount February 2017 Issuance Per Unit Amount September 2017 Issuance Class B $ 0.4872 $ 0.4948 Class C $ 0.2077 $ 0.2126 Class D $ 0.1485 $ 0.1535 The number of units and the weighted-average grant date fair value for the incentive units were as follows: Number of Class B Units Weighted- Average Grant Date Fair Value Number of Class C Units Weighted- Average Grant Date Fair Value Number of Class D Units Weighted- Average Grant Date Fair Value Granted during the Successor Period 9,720,000 $ 0.4878 4,860,000 $ 0.2080 4,860,000 $ 0.1489 Vested (1,944,000 ) 0.4878 - - - - Forfeited (304,000 ) 0.4872 (190,000 ) 0.2077 (190,000 ) 0.1485 Outstanding at December 31, 2017 7,472,000 0.4879 4,670,000 0.2080 4,670,000 0.1489 Granted 410,000 0.4948 205,000 0.2126 205,000 0.1535 Vested (7,882,000 ) 0.4883 (4,875,000 ) 0.2082 (4,875,000 ) 0.1491 Outstanding at December 31, 2018 - $ - - $ - - $ - During the year ended December 31, 2016, the Company recognized $62.6 thousand of compensation expense related to restricted stock grants from a previous plan in the Predecessor Company, which is included in salaries and benefits in the consolidated statements of operations and comprehensive (loss) income. Dividend Distributions During the Successor period from February 1, 2017 through December 31, 2017, the Company distributed $20.2 million in cash dividends to its stockholder. The dividends were distributed out of the cash proceeds from the term loan entered into in August 2017 discussed in Note 8 and were recorded as a reduction to additional paid-in capital. During the Predecessor year ended December 31, 2016, the Company distributed $1.3 million in cash dividends to its stockholders. The dividends were distributed from cash proceeds of its term loan. There were no dividend distributions during the year ended December 31, 2018 and the Predecessor period from January 1, 2017 through January 31, 2017.

LOSS PER SHARE

LOSS PER SHARE	12 Months Ended
	Dec. 31, 2018
LOSS PER SHARE [Abstract]
LOSS PER SHARE	NOTE 12 – LOSS PER SHARE Basic loss per share is calculated by dividing net (loss) income for period by the weighted-average number of common shares outstanding for each period. In computing dilutive loss per share, basic loss per share is adjusted for the assumed issuance of all applicable potentially dilutive warrants and share-based awards, including common stock options and restricted stock. Below are basic and diluted net loss per share for the periods indicated: Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Net loss for basic and diluted loss per common shares (in thousands) (7,244 ) (10,174 ) Shares: Weighted-average common shares outstanding – basic and diluted 25,484,386 17,227,682 Net loss per common share - basic and diluted $ (0.28 ) $ (0.59 ) The computation of diluted loss per share above excludes the effect of 2.9 million options to purchase shares of the Company’s common stock, 21.2 thousand restricted stock units and 9.0 million warrants underlying shares of Company stock from diluted weighted-average shares outstanding for the year ended December 31, 2018 because the inclusion of these would be anti-dilutive. There were no outstanding options to purchase shares of Company stock or warrants underlying shares of Company stock for the Successor period from February 1, 2017 through December 31, 2017.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
INCOME TAXES [Abstract]
INCOME TAXES	NOTE 13 - INCOME TAXES The provision (benefit) for income taxes consists of the following (in thousands): Successor Company Predecessor Company Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Period from January 1, 2017 to January 31, 2017 Year Ended December 31, 2016 Current tax provision: Foreign $ 212 $ 164 $ 11 $ 184 Federal 1,283 - - - State 182 - - 181 Total Current 1,677 164 11 365 Deferred tax provision (benefit): Federal 93 596 (1,792 ) 4,537 State 98 (226 ) (422 ) (818 ) Total deferred 191 370 (2,214 ) 3,719 Total tax provision (benefit): $ 1,868 $ 534 $ (2,203 ) $ 4,084 A reconciliation between the income tax provision (benefit) at the US statutory tax rate and the Company’s income tax provision (benefit) on the consolidated statements of operations and comprehensive (loss) income is below (in thousands): Successor Company Predecessor Company Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Period from January 1, 2017 to January 31, 2017 Year Ended December 31 2016 Loss before income taxes $ (5,376 ) $ (9,640 ) $ (5,521 ) $ 13,484 US statutory tax rate 21 % 34 % 34 % 34 % Income tax (benefit) expense at statutory rate (1,129 ) (3,277 ) (1,877 ) 4,585 State tax expense (benefit), net of federal 145 (182 ) (279 ) 575 Foreign tax rates different from US statutory rate 146 95 (46 ) 124 Non-deductible expenses 1,978 3,309 1 (59 ) Write-off of transaction costs 321 - - - Write-off of net operating losses 314 - - - Change in tax rate 76 604 - (1,070 ) Other 17 (15 ) (2 ) (71 ) Total tax provision (benefit) $ 1,868 $ 534 $ (2,203 ) $ 4,084 As presented in the income tax reconciliation above, the tax provision (benefit) recognized on the consolidated statements of operations and comprehensive (loss) income was impacted by state taxes, non-deductible expenses, such as share-based compensation expense, transaction costs and foreign tax rates applicable to the Company’s foreign subsidiaries that are higher or lower than the U.S. statutory rate. The effective tax rate for the Successor period from February 1, 2017 through December 31, 2017 is also affected by a reduction in the corporate tax rate from 34% to 21% as a result of the Act. For the Predecessor year ended December 31, 2016, the Company recorded an income tax benefit of approximately $1.1 million as a result of changes to the blended state tax rate. The Company is subject to tax in various U.S. state jurisdictions. Changes in the annual allocation and apportionment of the Company’s activity amongst these state jurisdictions results in changes to the blended state rate utilized to measure the Company’s deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the book and tax bases of the Company's assets and liabilities. The following table outlines the principal components of the deferred tax assets and liabilities as of December 31 (in thousands): 2018 2017 Deferred tax assets Net operating losses $ 7,567 $ 10,583 Allowance for doubtful accounts 287 212 Transaction Costs - 533 Alternative minimum tax credit - 272 Interest expense carryforwards 2,525 - Share-based compensation 294 - Accrued compensation 281 - Other 213 72 Total deferred tax assets 11,167 11,672 Deferred tax liabilities Property and equipment (1,134 ) (500 ) Intangible assets (7,766 ) (9,423 ) Total deferred tax liabilities (8,900 ) (9,923 ) Net deferred tax asset $ 2,267 $ 1,749 At December 31, 2018 of the Successor period, the Company had Federal and State net operating loss carryforwards of approximately $29.1 million and $31.5 million, respectively, which are available to reduce future taxable income. With few exceptions, these net operating loss carryforwards will expire from 2029 through 2037. On February 1, 2017, the Company was acquired by Stella Point. On July 26, 2018, the Company consummated the Merger with FinTech (see Note 3). These transactions were considered changes of ownership under Internal Revenue Code Section 382. After the changes of ownership, utilization of the Company’s net operating loss carryforwards is now subject to an annual limitation. The Company has recorded a deferred tax asset for only the portion of its net operating loss carryforward that it expects to realize before expiration. In 2018, FinTech Acquisition Corp II was notified by the IRS that its 2017 federal income tax return was selected for examination. The Company has complied with all information requests to date. As of December 31, 2018, no amounts for tax, interest, or penalties have been paid or accrued as a result of this examination. In accordance with criteria under FASB guidance, Income Taxes, a valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. After consideration of all evidence, both positive and negative, management has determined that no valuation allowance is required at December 31, 2018, December 31, 2017 of the Successor period and at December 31, 2016 of the Predecessor period. On December 22, 2017, the U.S. enacted tax reform legislation known as H.R. 1, commonly referred to as the “Tax Cuts and Jobs Act” (the “Act”), resulting in significant modifications to existing law. Due to the timing of the Act and the complexity involved in applying the provisions of the Act, the Company made a reasonable estimate of the effects and recorded provisional amounts in the fourth quarter of 2017, which primarily included the impact of the remeasurement of the Company’s deferred tax balances to reflect the change in the corporate tax rate. As a result of the changes to tax laws and tax rates under the Act, the Company reduced its deferred tax asset as of December 31, 2017 by $0.6 million. All changes to the tax code that are effective as of January 1, 2018 have been applied by the Company in computing its income tax expense for the year ended December 31, 2018. Additional guidance issued by the U.S. Treasury Department, the IRS, and other standard-setting bodies may materially impact the provision for income taxes and effective tax rate in the period in which the guidance is issued.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 - COMMITMENTS AND CONTINGENCIES Leases The Company is a party to leases for office space, warehouses and company-operated store locations. Rent expense under all operating leases, included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income, amounted to approximately $1.8 million and $1.6 million for the year ended December 31, 2018 and for the Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $0.1 million and $1.5 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and the year ended December 31, 2016, respectively. In April 2018, the Company renegotiated its corporate lease to extend the term through November 2025. At December 31, 2018, future minimum rental payments required under operating leases for the next five years and thereafter are as follows (in thousands): 2019 $ 1,425 2020 1,173 2021 1,002 2022 834 2023 790 Thereafter 1,438 $ 6,662 Litigation The Company is subject to legal proceedings and claims that have arisen in the ordinary course of its business and have not been finally adjudicated. Although there can be no assurance as to the ultimate disposition of these matters, it is the opinion of the Company’s management, based upon the information available at this time, that the expected outcome of these matters, both individually or in the aggregate, will not have a material adverse effect on either the results of operations or financial condition of the Company. Contingencies The Company operates in 50 U.S. states and two territories. Money transmitters and their sending agents are under regulation by State and Federal laws. Violations may result in civil or criminal penalties or a prohibition from providing money transfer services in a particular jurisdiction. It is the opinion of the Company’s management, based on information available at this time, that the expected outcome of regulatory matters will not have a material adverse effect on either the results of operations or financial condition of the Company. On August 28, 2018, the Company received a notice from the Staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the Company's non-compliance with the minimum number of round lot holders for the listing of its common stock and warrants on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rules 5550(a)(3) and 5515(a)(4), respectively, the Company's common stock and warrants may be subject to delisting from Nasdaq unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the "Panel"). On October 29, 2018, the Company received a notice from Nasdaq (the “Nasdaq Notice”) informing the Company that it has met the listing requirements with respect to its common stock and that the Company’s common stock will continue to be listed and trade on The Nasdaq Capital Market under the symbol “IMXI.” Additionally, the Nasdaq Notice informed the Company that it had not demonstrated compliance with the warrant listing requirements. The Company has withdrawn its request for a hearing before the Panel with respect to the warrant listing requirements. Accordingly, the Nasdaq Notice informed the Company that the Panel had determined to delist the Company’s warrants and suspend the trading of the warrants from The Nasdaq Capital Market effective as of the open of business on October 31, 2018. As of December 31, 2018, the warrants are being traded in the Over-The-Counter market under the same symbol.

DEFINED CONTRIBUTION PLAN

DEFINED CONTRIBUTION PLAN	12 Months Ended
	Dec. 31, 2018
DEFINED CONTRIBUTION PLAN [Abstract]
DEFINED CONTRIBUTION PLAN	NOTE 15 – DEFINED CONTRIBUTION PLAN The Company has a defined contribution plan available to most of its employees, where the Company makes contributions to the plan based on employee contributions. Total employer contribution expense included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income was approximately $115.2 thousand and $96.6 thousand for the year ended December 31, 2018 and Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $10.0 thousand and $70.1 thousand for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively.

QUARTERLY FINANIAL INFORMATION

QUARTERLY FINANIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
QUARTERLY FINANIAL INFORMATION (UNAUDITED) [Abstract]
QUARTERLY FINANIAL INFORMATION (UNAUDITED)	NOTE 16 – QUARTERLY FINANIAL INFORMATION (UNAUDITED) Summarized quarterly results or the year ended December 31, 2018, the Successor Period of February 1, 2017 through December 31, 2017 and Predecessor Period of January 1, 2017 through January 31, 2017 were as follows (in thousands, except per share data): Successor Company 2018 by Quarter: Q1 Q2 Q3 Q4 Year Ended December 31, 2018 Revenues $ 55,956 $ 70,379 $ 72,508 $ 75,058 $ 273,901 Operating expenses 53,419 64,319 74,918 68,173 260,829 Operating income (loss) 2,537 6,060 (2,410 ) 6,885 13,072 Interest expense 3,284 3,392 3,434 8,338 18,448 (Loss) income before income taxes (747 ) 2,668 (5,844 ) (1,453 ) (5,376 ) Income tax (benefit) provision (207 ) 824 7,569 (6,318 ) 1,868 Net (loss) income $ (540 ) $ 1,844 $ (13,413 ) $ 4,865 $ (7,244 ) (Loss) earnings per share: Basic $ (0.03 ) $ 0.11 $ (0.43 ) $ 0.13 $ (0.28 ) Diluted $ (0.03 ) $ 0.11 $ (0.43 ) $ 0.13 $ (0.28 ) Weighted-average shares outstanding: Basic 17,227,682 17,227,682 30,975,338 36,182,783 25,484,386 Diluted 17,227,682 17,227,682 30,975,338 36,572,071 25,484,386 2017 by Quarter: Predecessor Company Successor Company Period from January 1, 2017 to January 31, 2017 Period From February 1, 2017 to March 31, 2017 Q2 Q3 Q4 Period From February 1, 2017 to December 31, 2017 Revenues $ 14,425 $ 31,601 $ 53,777 $ 56,393 $ 59,268 $ 201,039 Operating expenses 19,332 36,987 50,140 52,546 59,558 199,231 Operating (loss) income (4,907 ) (5,386 ) 3,637 3,847 (290 ) 1,808 Interest expense 614 1,375 2,120 4,612 3,341 11,448 (Loss) income before income taxes (5,521 ) (6,761 ) 1,517 (765 ) (3,631 ) (9,640 ) Income tax (benefit) provision (2,203 ) 1,000 244 (191 ) (519 ) 534 Net (loss) income $ (3,318 ) $ (7,761 ) $ 1,273 $ (574 ) $ (3,112 ) $ (10,174 ) (Loss) earnings per share: Basic and Diluted $ (0.45 ) $ 0.07 $ (0.03 ) $ (0.18 ) $ (0.59 ) Weighted-average shares outstanding: Basic and Diluted 17,227,682 17,227,682 17,227,682 17,227,682 17,227,682

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from these estimates.
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for each period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares and common stock equivalents outstanding for each period. Diluted earnings (loss) per share reflects the potential dilution that could occur if outstanding stock options and warrants at the presented dates are exercised and shares of restricted stock have vested, using the treasury stock method. Potential common shares are excluded from the computation of diluted earnings per common share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. Stock options, restricted stock units and warrants are anti-dilutive when the exercise price of these instruments is greater than the average market price of the Company’s common stock for the period.
Cash	Cash Cash is comprised of deposits in U.S. and foreign banks. The Company recognizes interest income from its cash deposits on an accrual basis. The Company considers cash equivalents to be short term, highly liquid investments with maturities of three months or less.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The amount that exceeded the federally insured limits totaled $61.4 million and $31.7 million as of December 31, 2018 and 2017, respectively. The Company has not incurred any losses on these accounts. In addition, the Company maintains various bank accounts in Mexico and Guatemala, which are not insured. The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash balances were as follows at December 31 (in thousands): December 31, 2018 December 31, 2017 Cash in U.S. dollars in U.S. banks $ 69,155 $ 55,376 Cash in foreign banks and foreign currency 3,865 3,774 Petty cash 9 6 $ 73,029 $ 59,156
Revenue Recognition	Revenue Recognition Revenues for wire transfer and money order fees are recognized at the time the transaction is processed. These fees are recognized on a gross basis equal to the full amount of the fee charged to the customer as the Company is the primary obligor and has latitude in establishing price. Foreign exchange revenue, which represents the difference between the exchange rate set by the Company and the rate realized, is recognized upon the disbursement of U.S. dollars to the foreign bank. Other income primarily represents revenues for technology services provided to the independent network of agents who utilize the Company’s technology in processing transactions. Revenues for these transactions are recorded when persuasive evidence of an arrangement exists, delivery has occurred, or services have been rendered and collection is reasonably assured.
Business Combinations	Business Combinations The Company accounts for its business combinations using the acquisition method, which requires that intangible assets be recognized apart from goodwill if they are contractual in nature or separately identifiable. Acquisitions are measured on the fair value of consideration exchanged and, if the consideration given is not cash, measurement is based on the fair value of the consideration given or the fair value of the assets acquired, whichever is more reliably measurable. The excess of cost of an acquired entity over the fair value of identifiable acquired assets and liabilities assumed is allocated to goodwill. The valuation and allocation processes rely on significant assumptions made by management. In certain situations, the allocations of excess purchase price are based upon preliminary estimates and assumptions. Accordingly, the allocations are subject to revision when the Company receives updated information, including valuations and other analyses, which are completed within one year of the acquisition. Revisions to the fair values, which may be significant, are recorded when pending information is finalized, within one year from the acquisition date.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded upon initiation of the wire transfer and are typically due to the Company within five days. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its sending agents to make required payments. When preparing these estimates, management considers a number of factors, including the aging of a sending agent’s account, creditworthiness of specific sending agents, historical trends and other information. The Company reviews its allowance for doubtful accounts policy periodically, reflecting current risks and changes in industry conditions and when necessary, will increase its allowance for doubtful accounts and recognize a provision to bad debt expense, included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Accounts receivable that are more than 90 days past due are charged off against the allowance for doubtful accounts.
Prepaid wires	Prepaid wires Prepaid wires represent funds that are required at certain payer agent locations in advance of a transaction, which are typically utilized within a few days.
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets Prepaid expenses, other current assets and other assets consist primarily of prepaid expenses, notes receivable (see Note 4), and restricted cash. Interest income on notes receivable is recognized on a cash basis due to uncertainty on receiving the interest payments. Restricted cash was maintained by a United States Bank and was cash collateral for an irrevocable stand-by letter of credit in the amount of $0.6 million issued as collateral for the operating lease of the Company’s headquarters and recorded in other assets at December 31, 2017 in the consolidated balance sheets. This lease was renegotiated in April 2018, and accordingly, the letter of credit is no longer required; the Company collected the funds in the fourth quarter of 2018 and, as such, no restricted cash is held at December 31, 2018.
Property and Equipment	Property and Equipment Property and equipment, including leasehold improvements, are stated at cost, or the allocated fair value in purchase accounting, less accumulated depreciation and amortization. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred as part of other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the life of the lease or the estimated useful life of the improvement, whichever is shorter. At the time depreciable assets are retired or otherwise disposed, the cost and the related accumulated depreciation of such assets are eliminated from the accounts and any gain or loss is recognized in the current period. The Company capitalizes costs incurred for the development of internal use computer software, which are depreciated over five years using the straight-line method.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and Intangible assets result primarily from business combination acquisitions, including the Stella Point acquisition discussed in Note 3. Intangible assets include agent relationships, trade name, developed technology and other intangibles, all with finite lives. Upon the acquisition, the purchase price is first allocated to identifiable assets and liabilities, including the trade name and other intangibles, with any remaining purchase price recorded as goodwill. Goodwill is not amortized, rather, impairment tests are conducted on an annual basis, in the fourth quarter, or more frequently if indicators of impairment are present. A qualitative assessment of goodwill was performed in 2017 subsequent to the Stella Point acquisition on February 1, 2017 (see Note 3) and in the fourth quarter of 2018. A qualitative assessment includes consideration of the economic, industry and market conditions in addition to the overall financial performance of the Company and these assets. Based on the results of the assessment, no indicators of impairment were noted. Accordingly, no further impairment testing was completed, and no impairment charges related to goodwill were recognized during the Successor period from February 1, 2017 through December 31, 2017 and for the year ended December 31, 2018. The Company’s agent relationships, trade name and developed technology are currently amortized utilizing an accelerated method over their estimated useful lives of 15 years. Other intangible assets are amortized on a straight-line basis over a useful life of 10 years. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described below in "Impairment of Long-Lived Assets."
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Upon such an occurrence, recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to forecasted undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. For long-lived assets held for sale, assets are written down to fair value, less cost to sell. Fair value is determined based on discounted cash flows, appraised values or management’s estimates, depending upon the nature of the assets. There were no impairment indicators noted for all periods presented in the consolidated financial statements for long-lived assets, including amortizable intangible assets.
Debt Origination Costs	Debt Origination Costs The Company incurred debt origination costs related to their credit agreement, consisting of a term loan and a revolving credit facility (see Note 8) and amortizes these costs over the life of the related debt using the straight-line method, which approximates the effective interest method. The unamortized portion of debt origination costs related to the term loan are recorded on the consolidated balance sheets as an offset to the related debt, while deferred up-front commitment fees paid directly to the lender related to the revolving credit facility are recorded within other assets in the consolidated balance sheets. Amortization of debt origination costs is included as a component of interest expense in the consolidated statements of operations and comprehensive (loss) income.
Advertising Costs	Advertising Costs Advertising costs are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income and are expensed as incurred. The Company incurred advertising costs of approximately $1.8 million and $1.7 million for the year ended December 31, 2018 and the Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $0.1 million and $1.1 million for the Predecessor periods from January 1, 2017 through January 31, 2017 and the year ended December 31, 2016, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with U.S. generally accepted accounting principles which require, among other things, recognition of future tax benefits measured at enacted rates attributable to deductible temporary differences between financial statement and income tax bases of assets and liabilities and to tax net operating loss carryforwards to the extent that realization of said benefits is more likely than not. The Company accounts for tax contingencies by assessing all material positions, including all significant uncertain positions, for all tax years that are open to assessment or challenge under tax statutes. Those positions that have only timing consequences are separately analyzed based on the recognition and measurement model provided in the tax guidance. As required by the uncertain tax position guidance, the Company recognizes the financial statement benefit of a position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal or state and local income tax examinations by tax authorities for the years before 2014. The Company applies the uncertain tax position guidance to all tax positions for which the statute of limitations remains open. The Company’s policy is to classify interest accrued as interest expense and penalties as operating expenses. As of December 31, 2018 and 2017, the Company did not have any amounts accrued for interest and penalties or recorded for uncertain tax positions. Foreign subsidiaries of the Company are subject to taxes by local tax authorities.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The financial statements and transactions of the Company’s foreign operations are maintained in their functional currency, which is other than the U.S. dollar. Assets and liabilities are translated at current exchange rates in effect at the balance sheet date. Revenue and expenses are translated at the average exchange rate for each period. Translation adjustments, which result from the process of translating the financial statements of the Company’s foreign operations into U.S. dollars, are recorded as a component of accumulated other comprehensive loss. Gains or losses from foreign currency transactions amounted to approximately $29.8 thousand and $(17.0) thousand for the year ended December 31, 2018 and the Successor period from February 1, 2017 through December 31, 2017, respectively, and approximately $11.6 thousand and $1.1 thousand for the Predecessor periods from January 1, 2017 through January 31, 2017 and year ended December 31, 2016, respectively, and are included in other selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. Foreign exchange spot transactions On the normal course of business, the Company enters into Foreign Exchange Spot transactions to purchase foreign currency at the current market rate. The Company records Foreign Exchange Spot transactions on trade date. These transactions are settled within one or two days from trade date.
Comprehensive (Loss) Income	Comprehensive (Loss) Income Comprehensive (loss) income consists of net (loss) income and the foreign currency translation adjustment and is presented in the consolidated statements of operations and comprehensive (loss) income.
Share-Based Compensation	Share-Based Compensation The Company accounts for its share-based employee compensation expense related to incentive units, restricted stock grants and stock options under generally accepted accounting principles, which requires the measurement and recognition of compensation costs for all equity-based payment awards made to employees and directors based on estimated fair values. We have elected to account for forfeitures as they occur. See Note 11 for further discussion related to the Company’s share-based compensation plans.
Segments	Segments The Company’s business is organized around one reportable segment that provides money transmittal services primarily between the USA and Latin America. This is based on the objectives of the business and how our chief operating decision maker, the CEO and President, monitors operating performance and allocates resources.
Accounting Pronouncements	Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) issued amended guidance, Restricted Cash The FASB issued guidance, Improvements to Employee Share-Based Payment Accounting The FASB issued guidance, Revenue from Contracts with Customers The FASB issued amended guidance, Business Combinations - Clarifying the Definition of a Business The FASB issued guidance, Leases The FASB issued amended guidance, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments The FASB issued amended guidance, Intangibles – Goodwill and other: Simplifying the Test for Goodwill Impairment The FASB issued guidance, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments
Reclassifications	Reclassifications Certain reclassifications have been made to prior-year amounts in the consolidated balance sheets and consolidated statements of operations and comprehensive (loss) income to conform to current-year reporting classifications. These reclassifications had no impact on net (loss) income, comprehensive (loss) income or stockholder’s equity.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Concentration of Credit Risk	Cash balances were as follows at December 31 (in thousands): December 31, 2018 December 31, 2017 Cash in U.S. dollars in U.S. banks $ 69,155 $ 55,376 Cash in foreign banks and foreign currency 3,865 3,774 Petty cash 9 6 $ 73,029 $ 59,156

FINTECH MERGER AND STELLA POI_2

FINTECH MERGER AND STELLA POINT ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2018
FINTECH MERGER AND STELLA POINT ACQUISITION [Abstract]
Net Cash Proceeds Received in Reverse Recapitalization	In accounting for the reverse recapitalization, the net cash proceeds received from FinTech amounted to $5.0 thousand as shown in the table below (in thousands): Cash balance available to Intermex prior to the consummation of the Merger $ 110,726 Less: Intermex Merger costs paid from acquisition proceeds at closing (9,062 ) Cash consideration to Intermex shareholders (101,659 ) Net cash proceeds from reverse recapitalization $ 5 Cash balance available to Intermex prior to the consummation of the Merger $ 110,726 Less: Cash consideration to Intermex shareholders (101,659 ) Other FinTech assets acquired and liabilities assumed in the Merger: Prepaid expenses 76 Accrued liabilities (136 ) Deferred tax assets 982 Net equity infusion from FinTech $ 9,989
Assets Acquired and Liabilities Assumed	The acquisition method for a business combination requires that the assets acquired and liabilities assumed be recognized at their allocated fair values as of the February 1, 2017 acquisition date, which is summarized below (in thousands): Successor Company Cash $ 43,065 Accounts receivables 24,032 Prepaid and other current assets 3,713 Property and equipment 6,328 Other assets 1,345 Total tangible assets acquired 78,483 Intangible assets acquired 62,660 Deferred tax asset, net 2,119 Less: Liabilities assumed (115,112 ) Net assets 28,150 Goodwill 36,260 Total purchase price $ 64,410

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2018
NOTES RECEIVABLE [Abstract]
Notes Receivable from Agents	The Company had notes receivable from sending agents at December 31 as follows (in thousands): December 31, 2018 December 31, 2017 Notes receivable, current $ 730 $ 471 Allowance (279 ) (176 ) Net current $ 451 $ 295 Notes receivable, long-term $ 478 $ 608 Allowance (169 ) (248 ) Net long-term $ 309 $ 360
Maturities of Notes Receivable	The maturities of notes receivable at December 31, 2018 is as follows (in thousands): Unpaid Principle Balance Under 1 year $ 730 Between 1 and 2 years 438 Between 2 and 3 years 40 Total $ 1,208

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
PROPERTY AND EQUIPMENT [Abstract]
Property and Equipment	Property and equipment at December 31 consists of the following (in thousands): December 31, 2018 December 31, 2017 Estimated Useful Life (in years) Computer software and equipment $ 14,114 $ 9,154 3 to 5 Office Improvements 989 798 5 Furnitures and fixtures 397 303 7 15,500 10,255 Less accumulated depreciation (5,107 ) (1,764 ) $ 10,393 $ 8,491

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
GOODWILL AND INTANGIBLE ASSETS [Abstract]
Gross Carrying Amounts and Accumulated Amortization for Goodwill and Intangible Assets	The gross carrying amount and accumulated amortization at December 31 for goodwill and intangible assets are as follows (in thousands): December 31, 2018 December 31, 2017 Indefinite life: Goodwill $ 36,260 $ 36,260 Total indefinite life $ 36,260 $ 36,260 Amortizable: Agent relationships $ 40,500 $ 40,500 Trade name 15,500 15,500 Developed technology 6,600 6,600 Other intangibles 820 700 Accumulated amortization expense (27,025 ) (14,559 ) Net amortizable intangibles $ 36,395 $ 48,741
Changes in Goodwill and Intangible Assets	The following table presents the changes in goodwill and intangible assets (in thousands): Predecessor Company Goodwill Intangibles Balance at December, 2016 $ - $ 6,348 Amortization expense - (231 ) Balance at January 31, 2017 $ - $ 6,117 Successor Company Goodwill Intangibles Balance at February 1, 2017 $ 36,260 $ 62,660 Acquisition of agent locations - 640 Amortization expense - (14,559 ) Balance at December 31, 2017 $ 36,260 $ 48,741 Acquisition of agent locations - 120 Amortization expense - (12,466 ) Balance at December 31, 2018 $ 36,260 $ 36,395
Amortization Expense Related to Intangible Assets	Amortization expense related to intangible assets for the next five years and thereafter is as follows (in thousands): 2019 $ 9,324 2020 6,917 2021 5,128 2022 3,964 2023 2,956 Thereafter 8,106 $ 36,395

ACCRUED AND OTHER LIABILITIES (

ACCRUED AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
ACCRUED AND OTHER LIABILITIES [Abstract]
Accrued and Other Liabilities	Accrued and other liabilities consisted of the following (in thousands): December 31, 2018 December 31, 2017 Payables to sending agents $ 8,972 $ 6,875 Accrued compensation 2,344 1,092 Accrued bank charges 983 897 Accrued loyalty program reserve 621 165 Accrued legal fees 920 1,644 Accrued taxes 745 319 Accrued interest 1,009 - Other 761 522 $ 16,355 $ 11,514

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2018
DEBT [Abstract]
Debt Instruments	Debt consisted of the following (in thousands): December 31, 2018 December 31, 2017 Revolving credit facility $ 30,000 $ 20,000 Term loan 90,000 95,788 120,000 115,788 Less: Current portion of long term debt (1) (3,936 ) (3,913 ) Less: Debt origination costs (2,738 ) (3,822 ) $ 113,326 $ 108,053
Annual Maturities of Term Loan	The scheduled annual maturities of the term loan at December 31, 2018 are as follows (in thousands): 2019 $ 4,500 2020 6,750 2021 6,750 2022 9,000 2023 63,000 $ 90,000

STOCKHOLDER'S EQUITY AND SHAR_2

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION [Abstract]
Stock Option Activity	A summary of the stock option activity during the year ended December 31, 2018 is presented below: Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Weighted-Average Grand Date Fair Value Outstanding at December 31, 2017 - Granted 2,894,219 $ 10.00 $ 3.46 Exercised - Forfeited (13,000 ) $ 9.91 $ 3.43 Expired - Outstanding at December 31, 2018 2,881,219 $ 10.00 9.60 $ 3.47
Incentive Units Authorized and Issued	Incentive units authorized and issued during the Successor period from February 1, 2017 through December 31, 2017 consisted of the following: Incentive Units Authorized Units Issued February 2017 Units Issued September 2017 Class B 10,000,000 9,055,000 665,000 Class C 5,000,000 4,527,500 332,500 Class D 5,000,000 4,527,500 332,500
Assumptions Used in Calculating Fair Value	The following were the assumptions used in calculating the fair value of the units at the grant dates: Units Issued February 2017 Units Issued September 2017 Expected dividend yield 0.0 % 0.0 % Expected volatility 46.9 % 47.4 % Risk-free interest rate 2.1 % 1.9 % Expected term (in years) 6 5.8
Grant Date Fair Value Per Unit for Each Class of Incentive Unit	The grant date fair value per unit for each class of incentive unit for the Successor period from February 1, 2017 to December 31, 2017 were as follows: Incentive Units Per Unit Amount February 2017 Issuance Per Unit Amount September 2017 Issuance Class B $ 0.4872 $ 0.4948 Class C $ 0.2077 $ 0.2126 Class D $ 0.1485 $ 0.1535
Number of Units and Weighted-average Grant Date Fair Value	The number of units and the weighted-average grant date fair value for the incentive units were as follows: Number of Class B Units Weighted- Average Grant Date Fair Value Number of Class C Units Weighted- Average Grant Date Fair Value Number of Class D Units Weighted- Average Grant Date Fair Value Granted during the Successor Period 9,720,000 $ 0.4878 4,860,000 $ 0.2080 4,860,000 $ 0.1489 Vested (1,944,000 ) 0.4878 - - - - Forfeited (304,000 ) 0.4872 (190,000 ) 0.2077 (190,000 ) 0.1485 Outstanding at December 31, 2017 7,472,000 0.4879 4,670,000 0.2080 4,670,000 0.1489 Granted 410,000 0.4948 205,000 0.2126 205,000 0.1535 Vested (7,882,000 ) 0.4883 (4,875,000 ) 0.2082 (4,875,000 ) 0.1491 Outstanding at December 31, 2018 - $ - - $ - - $ -

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
LOSS PER SHARE [Abstract]
Basic and Diluted Net Loss per Share	Below are basic and diluted net loss per share for the periods indicated: Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Net loss for basic and diluted loss per common shares (in thousands) (7,244 ) (10,174 ) Shares: Weighted-average common shares outstanding – basic and diluted 25,484,386 17,227,682 Net loss per common share - basic and diluted $ (0.28 ) $ (0.59 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
INCOME TAXES [Abstract]
Provision (Benefit) for Income Taxes	The provision (benefit) for income taxes consists of the following (in thousands): Successor Company Predecessor Company Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Period from January 1, 2017 to January 31, 2017 Year Ended December 31, 2016 Current tax provision: Foreign $ 212 $ 164 $ 11 $ 184 Federal 1,283 - - - State 182 - - 181 Total Current 1,677 164 11 365 Deferred tax provision (benefit): Federal 93 596 (1,792 ) 4,537 State 98 (226 ) (422 ) (818 ) Total deferred 191 370 (2,214 ) 3,719 Total tax provision (benefit): $ 1,868 $ 534 $ (2,203 ) $ 4,084
Reconciliation Between Income Tax Provision (Benefit) at US Statutory Tax Rate	A reconciliation between the income tax provision (benefit) at the US statutory tax rate and the Company’s income tax provision (benefit) on the consolidated statements of operations and comprehensive (loss) income is below (in thousands): Successor Company Predecessor Company Year Ended December 31, 2018 Period from February 1, 2017 to December 31, 2017 Period from January 1, 2017 to January 31, 2017 Year Ended December 31 2016 Loss before income taxes $ (5,376 ) $ (9,640 ) $ (5,521 ) $ 13,484 US statutory tax rate 21 % 34 % 34 % 34 % Income tax (benefit) expense at statutory rate (1,129 ) (3,277 ) (1,877 ) 4,585 State tax expense (benefit), net of federal 145 (182 ) (279 ) 575 Foreign tax rates different from US statutory rate 146 95 (46 ) 124 Non-deductible expenses 1,978 3,309 1 (59 ) Write-off of transaction costs 321 - - - Write-off of net operating losses 314 - - - Change in tax rate 76 604 - (1,070 ) Other 17 (15 ) (2 ) (71 ) Total tax provision (benefit) $ 1,868 $ 534 $ (2,203 ) $ 4,084
Deferred Tax Assets Liabilities	The following table outlines the principal components of the deferred tax assets and liabilities as of December 31 (in thousands): 2018 2017 Deferred tax assets Net operating losses $ 7,567 $ 10,583 Allowance for doubtful accounts 287 212 Transaction Costs - 533 Alternative minimum tax credit - 272 Interest expense carryforwards 2,525 - Share-based compensation 294 - Accrued compensation 281 - Other 213 72 Total deferred tax assets 11,167 11,672 Deferred tax liabilities Property and equipment (1,134 ) (500 ) Intangible assets (7,766 ) (9,423 ) Total deferred tax liabilities (8,900 ) (9,923 ) Net deferred tax asset $ 2,267 $ 1,749

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES [Abstract]
Future Minimum Rental Payments	At December 31, 2018, future minimum rental payments required under operating leases for the next five years and thereafter are as follows (in thousands): 2019 $ 1,425 2020 1,173 2021 1,002 2022 834 2023 790 Thereafter 1,438 $ 6,662

QUARTERLY FINANIAL INFORMATIO_2

QUARTERLY FINANIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
QUARTERLY FINANIAL INFORMATION (UNAUDITED) [Abstract]
Quarterly Financial Information	Summarized quarterly results or the year ended December 31, 2018, the Successor Period of February 1, 2017 through December 31, 2017 and Predecessor Period of January 1, 2017 through January 31, 2017 were as follows (in thousands, except per share data): Successor Company 2018 by Quarter: Q1 Q2 Q3 Q4 Year Ended December 31, 2018 Revenues $ 55,956 $ 70,379 $ 72,508 $ 75,058 $ 273,901 Operating expenses 53,419 64,319 74,918 68,173 260,829 Operating income (loss) 2,537 6,060 (2,410 ) 6,885 13,072 Interest expense 3,284 3,392 3,434 8,338 18,448 (Loss) income before income taxes (747 ) 2,668 (5,844 ) (1,453 ) (5,376 ) Income tax (benefit) provision (207 ) 824 7,569 (6,318 ) 1,868 Net (loss) income $ (540 ) $ 1,844 $ (13,413 ) $ 4,865 $ (7,244 ) (Loss) earnings per share: Basic $ (0.03 ) $ 0.11 $ (0.43 ) $ 0.13 $ (0.28 ) Diluted $ (0.03 ) $ 0.11 $ (0.43 ) $ 0.13 $ (0.28 ) Weighted-average shares outstanding: Basic 17,227,682 17,227,682 30,975,338 36,182,783 25,484,386 Diluted 17,227,682 17,227,682 30,975,338 36,572,071 25,484,386 2017 by Quarter: Predecessor Company Successor Company Period from January 1, 2017 to January 31, 2017 Period From February 1, 2017 to March 31, 2017 Q2 Q3 Q4 Period From February 1, 2017 to December 31, 2017 Revenues $ 14,425 $ 31,601 $ 53,777 $ 56,393 $ 59,268 $ 201,039 Operating expenses 19,332 36,987 50,140 52,546 59,558 199,231 Operating (loss) income (4,907 ) (5,386 ) 3,637 3,847 (290 ) 1,808 Interest expense 614 1,375 2,120 4,612 3,341 11,448 (Loss) income before income taxes (5,521 ) (6,761 ) 1,517 (765 ) (3,631 ) (9,640 ) Income tax (benefit) provision (2,203 ) 1,000 244 (191 ) (519 ) 534 Net (loss) income $ (3,318 ) $ (7,761 ) $ 1,273 $ (574 ) $ (3,112 ) $ (10,174 ) (Loss) earnings per share: Basic and Diluted $ (0.45 ) $ 0.07 $ (0.03 ) $ (0.18 ) $ (0.59 ) Weighted-average shares outstanding: Basic and Diluted 17,227,682 17,227,682 17,227,682 17,227,682 17,227,682

BASIS OF PRESENTATION AND BUS_2

BASIS OF PRESENTATION AND BUSINESS (Details)	Dec. 31, 2018
Intermex Wire Transfer de Guatemala S.A. [Member]
Noncontrolling Interest Items [Abstract]
Ownership percentage	99.80%
Intermex Transfers de Mexico, S.A. [Member]
Noncontrolling Interest Items [Abstract]
Ownership percentage	98.00%
Intermex Wire Transfer Corp [Member]
Noncontrolling Interest Items [Abstract]
Ownership percentage	100.00%
Intermex Wire Transfer II, LLC [Member]
Noncontrolling Interest Items [Abstract]
Ownership percentage	100.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018USD ($)Segment	Dec. 31, 2016USD ($)
Concentration of Credit Risk [Abstract]
Amount exceeded of federally insured limits		$ 31,700,000	$ 61,400,000
Cash Balances [Abstract]
Cash in U.S. dollars in U.S. banks		55,376,000	69,155,000
Cash in Foreign Banks and Foreign Currency		3,774,000	3,865,000
Petty cash		6,000	9,000
Cash		59,156,000	73,029,000
Prepaid Expenses and Other Assets [Abstract]
Restricted cash maintained by united states bank and collateral for an irrevocable stand-by letter of credit		600,000	0
Goodwill and Other Intangible Assets [Abstract]
Impairment charges		0	0
Advertising Costs [Abstract]
Advertising costs		1,700,000	1,800,000
Income Taxes [Abstract]
Accrued interest and penalties		0	0
Foreign Currency Translation [Abstract]
Gains (losses) from foreign currency transactions		(17,000)	$ 29,800
Segments [Abstract]
Number of reportable segments | Segment			1
Accounting Pronouncements [Abstract]
Restricted cash		600,000	$ 0
Other Assets [Member]
Prepaid Expenses and Other Assets [Abstract]
Restricted cash maintained by united states bank and collateral for an irrevocable stand-by letter of credit		600,000
Accounting Pronouncements [Abstract]
Restricted cash		$ 600,000
Maximum [Member]
Accounts Receivable and Allowance for Doubtful Accounts [Abstract]
Number of days recorded upon initiation of wire transfer			5 days
Agent Relationships [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life			15 years
Trade Name [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life			15 years
Developed Technology [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life			15 years
Other Intangible Assets [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life			10 years
Computer Software [Member]
Property and Equipment [Abstract]
Estimated useful life			5 years
Predecessor [Member]
Advertising Costs [Abstract]
Advertising costs	$ 100,000			$ 1,100,000
Foreign Currency Translation [Abstract]
Gains (losses) from foreign currency transactions	$ 11,600			$ 1,100

FINTECH MERGER AND STELLA POI_3

FINTECH MERGER AND STELLA POINT ACQUISITION, Fintech Merger (Details) - USD ($) $ in Thousands	Jul. 26, 2018	Dec. 31, 2017	Dec. 31, 2018	Jan. 31, 2017
Reverse Recapitalization [Abstract]
Cash balance available to Intermex prior to the consummation of the Merger	$ 110,726	$ 35,902	$ 44,473	$ 64,410
Cash consideration to Intermex shareholders		$ 0	(101,659)
Net equity infusion			$ 9,989
Common shares, outstanding (in shares)	36,200,000	17,227,682	36,182,783
Warrants to purchase common stock (in shares)	9,000,000
2018 Equity Compensation Plan [Member]
Reverse Recapitalization [Abstract]
Shares reserved for issuance (in shares)	3,400,000
Intermex [Member]
Reverse Recapitalization [Abstract]
Intermex Merger costs paid from acquisition proceeds at closing	$ (9,062)
Cash consideration to Intermex shareholders	$ (101,659)
FinTech [Member]
Merger [Abstract]
Redemption of shares (in shares)	4,900,000
Gross redemption payments	$ 49,800
Number of outstanding shares subsequent to redemption (in shares)	18,900,000
Consideration paid in equity (in shares)	17,200,000
Reverse Recapitalization [Abstract]
Net cash proceeds from reverse recapitalization	$ 5
Prepaid expenses	76
Accrued liabilities	(136)
Deferred tax assets	982
Net equity infusion	$ 9,989
Amortization post-merger tax returns period			15 years

FINTECH MERGER AND STELLA POI_4

FINTECH MERGER AND STELLA POINT ACQUISITION, Stella Point Acquisition (Details) - USD ($)	Feb. 01, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 36,260,000	$ 36,260,000	$ 36,260,000
Acquisition-Related Costs [Abstract]
Transaction cost			8,706,000	$ 10,319,000
Stella Point [Member]
Business Combination, Consideration Transferred [Abstract]
Transaction price paid in cash	$ 52,000,000
Transaction price paid in equity	12,400,000
Outstanding debt	78,000,000
Additional debt	5,000,000
Contingent consideration	$ 0
Ownership interest acquired		80.70%
Assets Acquired and Liabilities Assumed [Abstract]
Cash		$ 43,065,000
Accounts receivables		24,032,000
Prepaid and other current assets		3,713,000
Property and equipment		6,328,000
Other assets		1,345,000
Total tangible assets acquired		78,483,000
Intangible assets acquired		62,660,000
Deferred tax asset, net		2,119,000
Less: Liabilities assumed		(115,112,000)
Net assets		28,150,000
Goodwill		36,260,000
Total purchase price		64,410,000
Acquisition-Related Costs [Abstract]
Transaction cost			$ 8,700,000
Predecessor Company [Member]
Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		0			$ 0
Acquisition-Related Costs [Abstract]
Transaction cost		3,917,000			901,000
Predecessor Company [Member] | Stella Point [Member]
Acquisition-Related Costs [Abstract]
Transaction cost		$ 3,900,000			$ 900,000

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Notes Receivable from Sending Agents [Abstract]
Notes receivable, current	$ 730	$ 471
Allowance	(279)	(176)
Net current	451	295
Notes receivable, long-term	478	608
Allowance	(169)	(248)
Net long-term	309	360
Notes collateralized amount	1,200	$ 1,100
Maturities of Notes Receivable [Abstract]
Under 1 year	730
Between 1 and 2 years	438
Between 2 and 3 years	40
Total	$ 1,208
Minimum [Member]
Notes Receivable from Sending Agents [Abstract]
Interest rate on notes receivable	0.00%
Maximum [Member]
Notes Receivable from Sending Agents [Abstract]
Interest rate on notes receivable	18.50%

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Property and Equipment [Abstract]
Property and equipment, gross		$ 10,255	$ 15,500
Less: Accumulated depreciation		(1,764)	(5,107)
Property and equipment, net		8,491	10,393
Depreciation expense		2,100	3,200
Repairs and maintenance expenses		900	1,400
Computer Software and Equipment [Member]
Property and Equipment [Abstract]
Property and equipment, gross		9,154	14,114
Equipment maintained at locations of agents		3,800	$ 7,200
Computer Software and Equipment [Member] | Minimum [Member]
Property and Equipment [Abstract]
Estimated useful lives			3 years
Computer Software and Equipment [Member] | Maximum [Member]
Property and Equipment [Abstract]
Estimated useful lives			5 years
Office Improvements [Member]
Property and Equipment [Abstract]
Property and equipment, gross		798	$ 989
Estimated useful lives			5 years
Furniture and Fixtures [Member]
Property and Equipment [Abstract]
Property and equipment, gross		303	$ 397
Estimated useful lives			7 years
Software Development [Member]
Property and Equipment [Abstract]
Equipment maintained at locations of agents		$ 1,300	$ 1,900
Predecessor Company [Member]
Property and Equipment [Abstract]
Depreciation expense	$ 200			$ 1,600
Repairs and maintenance expenses	$ 100			$ 800

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Jan. 31, 2017
Indefinite life [Abstract]
Goodwill	$ 36,260	$ 36,260	$ 36,260
Total indefinite life	$ 36,260	$ 36,260

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, Intangible Assets (Details) $ in Thousands	11 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)Agent	Dec. 31, 2018USD ($)
Finite-Lived Intangible Assets [Abstract]
Accumulated amortization expense	$ (14,559)	$ (27,025)
Net amortizable intangibles	48,741	36,395
Agent Relationships [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 40,500	$ 40,500
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life		15 years
Number of independent agents | Agent	5,000
Location turnover rate	17.40%
Trade Name [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 15,500	$ 15,500
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life		15 years
Developed Technology [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 6,600	$ 6,600
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life		15 years
Number of development years for state-of-the-art system		20 years
Obsolescence rate	18.00%
Other Intangibles [Member]
Finite-Lived Intangible Assets [Abstract]
Gross amortizable intangibles	$ 700	$ 820
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life		10 years
Agent Locations [Member]
Finite-Lived Intangible Assets [Abstract]
Net amortizable intangibles	$ 600	$ 700
Finite-Lived Intangible Assets, Other Information [Abstract]
Expected useful life		10 years

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, Changes in Goodwill (Details) - USD ($)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill, beginning balance		$ 36,260,000	$ 36,260,000
Acquisition of agent locations		0	0
Amortization expense		0	0
Goodwill, ending balance	$ 36,260,000	36,260,000	$ 36,260,000
Predecessor Company [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	0	$ 0
Amortization expense	0
Goodwill, ending balance	$ 0

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, Changes in Intangible Assets (Details) - USD ($) $ in Thousands	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Other Intangibles [Roll Forward]
Other intangibles, beginning balance		$ 62,660	$ 48,741
Acquisition of agent locations		640	120
Amortization expense		(14,559)	(12,466)
Other intangibles, ending balance	$ 62,660	48,741	$ 36,395
Predecessor Company [Member]
Other Intangibles [Roll Forward]
Other intangibles, beginning balance	6,348	$ 6,117
Amortization expense	(231)			$ 900
Other intangibles, ending balance	$ 6,117			$ 6,348

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS, Amortization Expense Related to Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortization Expense Related to Intangible Assets [Abstract]
2019	$ 9,324
2020	6,917
2021	5,128
2022	3,964
2023	2,956
Thereafter	8,106
Net amortizable intangibles	$ 36,395	$ 48,741

ACCRUED AND OTHER LIABILITIES_2

ACCRUED AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accrued Liabilities and Other Liabilities [Abstract]
Payables to sending agents	$ 8,972	$ 6,875
Accrued compensation	2,344	1,092
Accrued bank charges	983	897
Accrued loyalty program reserve	621	165
Accrued legal fees	920	1,644
Accrued taxes	745	319
Accrued interest	1,009	0
Other	761	522
Accrued and other liabilities	$ 16,355	$ 11,514

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands		Nov. 07, 2018	Aug. 23, 2017	Feb. 01, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Debt Instruments [Abstract]
Long-term debt, gross					$ 120,000	$ 115,788	$ 120,000
Less: Current portion of long term debt	[1]				(3,936)	(3,913)	(3,936)
Less: Debt origination costs					(2,738)	(3,822)	(2,738)
Long-term debt, noncurrent					113,326	108,053	113,326
Debt issuance costs, current					600	900	600
Transaction costs						8,706	10,319
Loss on extinguishment of debt					(5,400)
Prepayment of debt					1,800	0	1,843
Write-off of unamortized debt origination costs				$ 1,900	3,500		$ 3,500
Minimum [Member]
Debt Instruments [Abstract]
Fixed charge coverage ratio							1.25
Maximum [Member]
Debt Instruments [Abstract]
Consolidated leverage ratio							3.25
MC Credit Partners [Member]
Debt Instruments [Abstract]
Long-term debt, gross					90,000		$ 90,000
Frequency of principal payment							Quarterly
Term Loan [Member]
Debt Instruments [Abstract]
Long-term debt, gross					90,000	$ 95,788	$ 90,000
Term Loan [Member] | MC Credit Partners [Member]
Debt Instruments [Abstract]
Effective interest rate						10.46%
Term Loan [Member] | December 31, 2017 through September 30, 2019 [Member] | MC Credit Partners [Member]
Debt Instruments [Abstract]
Periodic repayment percentage			1.25%
Term Loan [Member] | December 31, 2019 and thereafter [Member] | MC Credit Partners [Member]
Debt Instruments [Abstract]
Periodic repayment percentage			2.50%
Revolving Credit Facility [Member]
Debt Instruments [Abstract]
Long-term debt, gross					$ 30,000	$ 20,000	30,000
Revolving Credit Facility [Member] | MC Credit Partners [Member]
Debt Instruments [Abstract]
Effective interest rate						12.50%
Senior Secured Credit Facility [Member]
Debt Instruments [Abstract]
Transaction costs							$ 1,500
Senior Secured Credit Facility [Member] | LIBOR [Member]
Debt Instruments [Abstract]
Interest rate			9.00%
Senior Secured Credit Facility [Member] | Base Rate [Member]
Debt Instruments [Abstract]
Interest rate			8.00%
Senior Secured Credit Facility [Member] | Term Loan [Member]
Debt Instruments [Abstract]
Aggregate principal amount			$ 97,000
Senior Secured Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instruments [Abstract]
Maximum borrowing capacity			$ 20,000
Credit Agreement [Member]
Debt Instruments [Abstract]
Maturity date							Nov. 7, 2023
Unused line fee percentage		0.35%
Credit Agreement [Member] | LIBOR [Member]
Debt Instruments [Abstract]
Interest rate		4.50%
Credit Agreement [Member] | Base Rate [Member]
Debt Instruments [Abstract]
Interest rate		3.50%
Credit Agreement [Member] | Term Loan [Member]
Debt Instruments [Abstract]
Aggregate principal amount		$ 90,000
Interest rate							8.22%
Credit Agreement [Member] | Term Loan [Member] | Year 1 [Member]
Debt Instruments [Abstract]
Periodic repayment percentage		5.00%
Credit Agreement [Member] | Term Loan [Member] | Year 2 [Member]
Debt Instruments [Abstract]
Periodic repayment percentage		7.50%
Credit Agreement [Member] | Term Loan [Member] | Year 3 [Member]
Debt Instruments [Abstract]
Periodic repayment percentage		7.50%
Credit Agreement [Member] | Term Loan [Member] | Year 4 [Member]
Debt Instruments [Abstract]
Periodic repayment percentage		10.00%
Credit Agreement [Member] | Term Loan [Member] | Year 5 [Member]
Debt Instruments [Abstract]
Periodic repayment percentage		10.00%
Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instruments [Abstract]
Maximum borrowing capacity		$ 35,000
Interest rate							8.56%
Credit Agreement [Member] | Incremental Facility [Member]
Debt Instruments [Abstract]
Maximum borrowing capacity		$ 30,000
[1]	Current portion of long-term debt is net of debtorigination costs of approximately $0.6 million and $0.9 million at December 31, 2018 and 2017, respectively.

DEBT, Annual Maturities of Term

DEBT, Annual Maturities of Term Loan (Details) - USD ($) $ in Thousands	Feb. 01, 2017	Jan. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Nov. 30, 2018	Aug. 31, 2017
Annual Maturities of Term Loan [Abstract]
Long-term debt, gross			$ 120,000	$ 115,788	$ 120,000	$ 115,788
Unamortized portion of debt origination costs			3,400	4,300	3,400	4,300
Amortization of debt issuance costs				$ 335	4,448	$ 335
Write-off of unamortized debt origination costs	$ 1,900		3,500		3,500
Predecessor [Member]
Annual Maturities of Term Loan [Abstract]
Amortization of debt issuance costs		$ 39					$ 2,671
Write-off of unamortized debt origination costs							$ 2,300
Credit Agreement [Member]
Annual Maturities of Term Loan [Abstract]
Capitalized debt issuance costs								$ 3,500	$ 4,700
Credit Agreement [Member] | Predecessor [Member]
Annual Maturities of Term Loan [Abstract]
Capitalized debt issuance costs		$ 0
MC Credit Partners [Member]
Annual Maturities of Term Loan [Abstract]
2019			4,500		4,500
2020			6,750		6,750
2021			6,750		6,750
2022			9,000		9,000
2023			63,000		63,000
Long-term debt, gross			$ 90,000		$ 90,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	11 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
RELATED PARTY TRANSACTIONS [Abstract]
Monthly management fees plus reimbursement expense		$ 65,000
Amounts payable to related parties	$ 0	0
Amounts receivable from related parties	0	0
Reimbursed expenses	$ 12,000
Termination fee		$ 1,600,000

STOCKHOLDER'S EQUITY AND SHAR_3

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Jul. 26, 2018	Dec. 31, 2017
Share-based Compensation Arrangement [Abstract]
Common shares, outstanding (in shares)	36,182,783	36,200,000	17,227,682
Warrants to purchase common stock (in shares)		9,000,000
Common stock, shares authorized (in shares)	230,000,000		230,000,000
Common Stock, shares issued (in shares)	36,182,783		17,227,682
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Number of shares of common stock called by each warrant (in shares)	1
Warrant exercise price (in dollars per share)	$ 11.50
Warrants exercisable period on completion of business combination	30 days
Warrants expiration period	5 days
Public Warrants [Member]
Share-based Compensation Arrangement [Abstract]
Warrants redemption price (in dollars per share)	$ 0.01
Stock price to redeem warrants (in dollars per share)	$ 24
Number of consecutive trading days to redeem warrants	20 days
Number of trading days to redemption	30 days
Number of business days before the company sends notice of redemption to warrant holders	3 days
Public Warrants [Member] | Minimum [Member]
Share-based Compensation Arrangement [Abstract]
Written notice period for warrants redemption	30 days
Intermex [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of outstanding common stock owned	48.30%
FinTech [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of outstanding common stock owned	51.70%
FinTech [Member] | Placement Warrants [Member]
Share-based Compensation Arrangement [Abstract]
Number of warrants issued (in shares)	200,000
FinTech [Member] | Public Warrants [Member]
Share-based Compensation Arrangement [Abstract]
Number of warrants issued (in shares)	8,800,000

STOCKHOLDER'S EQUITY AND SHAR_4

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION, 2018 Omnibus Equity Compensation Plan (Details) - 2018 Equity Compensation Plan [Member]	Jul. 26, 2018shares	Dec. 31, 2018USD ($)Installments$ / sharesshares
Share-based Compensation Arrangement [Abstract]
Shares reserved for issuance (in shares)	3,400,000
Stock Option [Member]
Share-based Compensation Arrangement [Abstract]
Number of equal installments for options vesting | Installments		4
Options vesting period		4 years
Share-based compensation expense | $		$ 1,000,000
Options vested (in shares)		0
Option exercisable (in shares)		0
Options non-vested (in shares)		2,900,000
Unrecognized compensation expense | $		$ 9,000,000
Weighted-average non-vested period		3 years 7 months 6 days
Number of Options [Roll Forward]
Outstanding, beginning balance (in shares)		0
Granted (in shares)		2,894,219
Exercised (in shares)		0
Forfeited (in shares)		(13,000)
Expired (in shares)		0
Outstanding, ending balance (in shares)		2,881,219
Weighted Average Exercise Price [Roll Forward]
Granted (in dollars per share) | $ / shares		$ 10
Forfeited (in dollars per share) | $ / shares		9.91
Outstanding, ending (in dollars per share) | $ / shares		$ 10
Weighted Average Remaining Contractual Term [Abstract]
Weighted average remaining contractual term		9 years 7 months 6 days
Weighted Average Grant Date Fair Value [Abstract]
Granted (in dollars per share) | $ / shares		$ 3.46
Forfeited (in dollars per share) | $ / shares		3.43
Outstanding (in dollars per share) | $ / shares		$ 3.47
Restricted Shares [Member]
Share-based Compensation Arrangement [Abstract]
Restricted stock units granted (in shares)	21,200
Options vesting period		1 year
Share-based compensation expense | $		$ 87,500
Unrecognized compensation expense | $		$ 122,500
Restricted stock units, forfeited (in shares)		0
Restricted stock units, vested (in shares)		0
Annual cash retainer paid to directors | $		$ 40,000

STOCKHOLDER'S EQUITY AND SHAR_5

STOCKHOLDER'S EQUITY AND SHARE-BASED COMPENSATION, Incentive Units (Details) - USD ($)	1 Months Ended			11 Months Ended	12 Months Ended
	Sep. 30, 2017	Feb. 28, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Dividends [Abstract]
Cash dividends				$ 20,200,000	$ 0
Incentive Units [Member]
Share-based Compensation Arrangement [Abstract]
Share-based compensation expense				$ 1,800,000	$ 4,700,000
Assumptions used in Calculating Fair Value [Abstract]
Expected dividend yield	0.00%	0.00%
Expected volatility	47.40%	46.90%
Risk-free interest rate	1.90%	2.10%
Expected term	5 years 9 months 18 days	6 years
Class B [Member]
Incentive Units [Abstract]
Authorized (in shares)				10,000,000
Units Issued (in shares)	665,000	9,055,000
Number of Units [Abstract]
Granted during Successor Period (in shares)				9,720,000	410,000
Vested (in shares)				(1,944,000)	(7,882,000)
Forfeited (in shares)				(304,000)
Outstanding, ending balance (in shares)				7,472,000	0
Weighted Average Grant Date Fair Value [Abstract]
Granted during Successor Period (in dollars per share)	$ 0.4948	$ 0.4872		$ 0.4878	$ 0.4948
Vested (in dollars per share)				0.4878	0.4883
Forfeited (in dollars per share)				0.4872
Outstanding (in dollars per share)				$ 0.4879	$ 0
Class C [Member]
Incentive Units [Abstract]
Authorized (in shares)				5,000,000
Units Issued (in shares)	332,500	4,527,500
Number of Units [Abstract]
Granted during Successor Period (in shares)				4,860,000	205,000
Vested (in shares)				0	(4,875,000)
Forfeited (in shares)				(190,000)
Outstanding, ending balance (in shares)				4,670,000	0
Weighted Average Grant Date Fair Value [Abstract]
Granted during Successor Period (in dollars per share)	$ 0.2126	$ 0.2077		$ 0.2080	$ 0.2126
Vested (in dollars per share)				0	0.2082
Forfeited (in dollars per share)				0.2077
Outstanding (in dollars per share)				$ 0.2080	$ 0
Class D [Member]
Incentive Units [Abstract]
Authorized (in shares)				5,000,000
Units Issued (in shares)	332,500	4,527,500
Number of Units [Abstract]
Granted during Successor Period (in shares)				4,860,000	205,000
Vested (in shares)				0	(4,875,000)
Forfeited (in shares)				(190,000)
Outstanding, ending balance (in shares)				4,670,000	0
Weighted Average Grant Date Fair Value [Abstract]
Granted during Successor Period (in dollars per share)	$ 0.1535	$ 0.1485		$ 0.1489	$ 0.1535
Vested (in dollars per share)				0	0.1491
Forfeited (in dollars per share)				0.1485
Outstanding (in dollars per share)				$ 0.1489	$ 0
Predecessor [Member]
Dividends [Abstract]
Cash dividends			$ 0			$ 1,300,000
Predecessor [Member] | Incentive Units [Member]
Share-based Compensation Arrangement [Abstract]
Share-based compensation expense			$ 2,900,000			$ 62,600

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								11 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018
Loss Per Share, Basic and Diluted [Abstract]
Net loss for basic and diluted loss per common shares	$ 4,865	$ (13,413)	$ 1,844	$ (540)	$ (3,112)	$ (574)	$ 1,273	$ (7,761)	$ (10,174)	$ (7,244)
Shares [Abstract]
Weighted-average common shares outstanding - basic and diluted (in shares)					17,227,682	17,227,682	17,227,682	17,227,682	17,227,682	25,484,386
Net loss per common share - basic and diluted (in dollars per share)					$ (0.18)	$ (0.03)	$ 0.07	$ (0.45)	$ (0.59)	$ (0.28)
Options [Member]
Shares [Abstract]
Securities excluded from computation of diluted loss per share (in shares)									0	2,900,000
Restricted Stock Units [Member]
Shares [Abstract]
Securities excluded from computation of diluted loss per share (in shares)										21,200
Warrants [Member]
Shares [Abstract]
Securities excluded from computation of diluted loss per share (in shares)									0	9,000,000

INCOME TAXES, Provision (Benefi

INCOME TAXES, Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended								11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Current tax provision [Abstract]
Foreign										$ 164	$ 212
Federal										0	1,283
State										0	182
Total Current										164	1,677
Deferred tax provision (benefit) [Abstract]
Federal										596	93
State										(226)	98
Total deferred										370	191
Total tax provision (benefit)		$ (6,318)	$ 7,569	$ 824	$ (207)	$ (519)	$ (191)	$ 244	$ 1,000	$ 534	$ 1,868
Predecessor [Member]
Current tax provision [Abstract]
Foreign	$ 11											$ 184
Federal	0											0
State	0											181
Total Current	11											365
Deferred tax provision (benefit) [Abstract]
Federal	(1,792)											4,537
State	(422)											(818)
Total deferred	(2,214)											3,719
Total tax provision (benefit)	$ (2,203)											$ 4,084

INCOME TAXES, Reconciliation of

INCOME TAXES, Reconciliation of Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended								11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Reconciliation Between Income Tax Provision (Benefit) at US Statutory Tax Rate [Abstract]
Loss before income taxes		$ (1,453)	$ (5,844)	$ 2,668	$ (747)	$ (3,631)	$ (765)	$ 1,517	$ (6,761)	$ (9,640)	$ (5,376)
US statutory tax rate										34.00%	21.00%
Income tax (benefit) expense at statutory rate										$ (3,277)	$ (1,129)
State tax expense (benefit), net of federal										(182)	145
Foreign tax rates different from US statutory rate										95	146
Non-deductible expenses										3,309	1,978
Write-off of transaction costs										0	321
Write-off of net operating losses										0	314
Change in tax rate										604	76
Other										(15)	17
Total tax provision (benefit)		$ (6,318)	$ 7,569	$ 824	$ (207)	$ (519)	$ (191)	$ 244	$ 1,000	$ 534	$ 1,868
Predecessor [Member]
Reconciliation Between Income Tax Provision (Benefit) at US Statutory Tax Rate [Abstract]
Loss before income taxes	$ (5,521)											$ 13,484
US statutory tax rate	34.00%											34.00%
Income tax (benefit) expense at statutory rate	$ (1,877)											$ 4,585
State tax expense (benefit), net of federal	(279)											575
Foreign tax rates different from US statutory rate	(46)											124
Non-deductible expenses	1											(59)
Write-off of transaction costs	0											0
Write-off of net operating losses	0											0
Change in tax rate	0											(1,070)
Other	(2)											(71)
Total tax provision (benefit)	$ (2,203)											4,084
Income tax expense (benefit)												$ (1,100)

INCOME TAXES, Deferred Tax Asse

INCOME TAXES, Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets [Abstract]
Net operating losses	$ 7,567	$ 10,583
Allowance for doubtful accounts	287	212
Transaction Costs	0	533
Alternative minimum tax credit	0	272
Interest expense carryforwards	2,525	0
Share-based compensation	294	0
Accrued compensation	281	0
Other	213	72
Total deferred tax assets	11,167	11,672
Deferred tax liabilities [Abstract]
Property and equipment	(1,134)	(500)
Intangible assets	(7,766)	(9,423)
Total deferred tax liabilities	(8,900)	(9,923)
Net deferred tax asset	2,267	1,749
Accrued interest and tax penalties	0
Valuation allowance	$ 0	0
Decrease in deferred tax asset		$ (600)
Minimum [Member]
Deferred tax liabilities [Abstract]
Net operating loss expiration period	Dec. 31, 2029
Maximum [Member]
Deferred tax liabilities [Abstract]
Net operating loss expiration period	Dec. 31, 2037
Federal [Member]
Deferred tax liabilities [Abstract]
Net operating loss carryforwards	$ 29,100
State [Member]
Deferred tax liabilities [Abstract]
Net operating loss carryforwards	$ 31,100

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017USD ($)	Dec. 31, 2017USD ($)StateTerritory	Dec. 31, 2018USD ($)	Dec. 31, 2016USD ($)
Leases [Abstract]
Rent expense			$ 1,800
Future Minimum Rental Payments [Abstract]
2019			1,425
2020			1,173
2021			1,002
2022			834
2023			790
Thereafter			1,438
Total			$ 6,662
Contingencies [Abstract]
Number of states in which entity operates | State		50
Number of territories in which entity operates | Territory		2
Predecessor Company [Member]
Leases [Abstract]
Rent expense	$ 100	$ 1,600		$ 1,500

DEFINED CONTRIBUTION PLAN (Deta

DEFINED CONTRIBUTION PLAN (Details) - Other Selling, General and Administrative Expenses [Member] - USD ($)	1 Months Ended	11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Defined Contribution Plan [Abstract]
Defined benefit plan, employer contribution			$ 115,200
Predecessor [Member]
Defined Contribution Plan [Abstract]
Defined benefit plan, employer contribution	$ 10,000	$ 96,600		$ 70,100

QUARTERLY FINANIAL INFORMATIO_3

QUARTERLY FINANIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended								11 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]
Revenues		$ 75,058	$ 72,508	$ 70,379	$ 55,956	$ 59,268	$ 56,393	$ 53,777	$ 31,601	$ 201,039	$ 273,901
Operating Expenses		68,173	74,918	64,319	53,419	59,558	52,546	50,140	36,987	199,231	260,829
Operating income (loss)		6,885	(2,410)	6,060	2,537	(290)	3,847	3,637	(5,386)	1,808	13,072
Interest expense		8,338	3,434	3,392	3,284	3,341	4,612	2,120	1,375	11,448	18,448
(Loss) income before income taxes		(1,453)	(5,844)	2,668	(747)	(3,631)	(765)	1,517	(6,761)	(9,640)	(5,376)
Income tax (benefit) provision		(6,318)	7,569	824	(207)	(519)	(191)	244	1,000	534	1,868
Net (loss) income		$ 4,865	$ (13,413)	$ 1,844	$ (540)	$ (3,112)	$ (574)	$ 1,273	$ (7,761)	$ (10,174)	$ (7,244)
(Loss) earnings per share [Abstract]
Basic (in dollars per share)		$ 0.13	$ (0.43)	$ 0.11	$ (0.03)						$ (0.28)
Diluted (in dollars per share)		$ 0.13	$ (0.43)	$ 0.11	$ (0.03)						(0.28)
Basic and Diluted (in dollars per share)						$ (0.18)	$ (0.03)	$ 0.07	$ (0.45)	$ (0.59)	$ (0.28)
Weighted-average shares outstanding [Abstract]
Basic (in shares)		36,182,783	30,975,338	17,227,682	17,227,682						25,484,386
Diluted (in shares)		36,572,071	30,975,338	17,227,682	17,227,682						25,484,386
Basic and Diluted (in shares)						17,227,682	17,227,682	17,227,682	17,227,682	17,227,682	25,484,386
Predecessor [Member]
Selected Quarterly Financial Information [Abstract]
Revenues	$ 14,425											$ 165,395
Operating Expenses	19,332											142,371
Operating income (loss)	(4,907)											23,024
Interest expense	614											9,540
(Loss) income before income taxes	(5,521)											13,484
Income tax (benefit) provision	(2,203)											4,084
Net (loss) income	$ (3,318)											$ 9,400