7Baggers

International Money Express, Inc
(NASDAQ:IMXI) 

IMXI stock logo

International Money Express, Inc., through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. The company offers remittance services, which include a suite of ancillary financial processin...

Founded: 2015
Full Time Employees: 786
Sector: Technology
Industry: Information Technology Services

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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
                                        
      revenues:
                                        
      wire transfer and money order fees
    99,752,000 121,223,000 127,795,000 132,970,000 120,167,000 137,443,000 144,600,000 145,837,000 126,921,000 145,185,000 147,387,000 144,518,000 124,450,000 132,822,000 120,718,000 117,622,000 98,000,000 108,832,000 104,191,000 99,306,000 80,912,000 85,375,000 82,646,000 72,793,000 67,095,000 71,671,000 72,468,000 70,490,000 58,451,000  61,331,837      
      foreign exchange gain
    16,320,000 21,020,000 22,278,000 23,681,000 20,181,000 21,844,000 23,954,000 22,800,000 20,346,000 23,669,000 22,688,000 22,382,000 19,168,000 20,201,000 18,851,000 18,195,000 15,674,000 17,485,000 15,643,000 16,655,000 13,049,000 13,253,000 12,296,000 11,660,000 9,554,000 10,971,000 12,272,000          
      other income
    5,880,000 5,169,000 4,848,000 4,482,000 3,962,000 5,472,000 3,393,000 2,894,000 3,145,000 2,929,000 2,362,000 2,250,000 1,746,000 1,414,000 1,198,000 1,118,000 992,000 858,000 873,000 786,000 616,000 674,000 652,000 609,000 602,000 600,000 594,000 562,000 496,000  479,461      
      total revenues
    121,952,000 147,412,000 154,921,000 161,133,000 144,310,000 164,759,000 171,947,000 171,531,000 150,412,000 171,783,000 172,437,000 169,150,000 145,364,000 154,437,000 140,767,000 136,935,000 114,666,000 127,175,000 120,707,000 116,747,000 94,577,000 99,302,000 95,594,000 85,062,000 77,251,000 83,242,000 85,334,000 82,675,000 68,349,000  72,508,466      
      yoy
    -15.49% -10.53% -9.90% -6.06% -4.06% -4.09% -0.28% 1.41% 3.47% 11.23% 22.50% 23.53% 26.77% 21.44% 16.62% 17.29% 21.24% 28.07% 26.27% 37.25% 22.43% 19.29% 12.02% 2.89% 13.02%  17.69%          
      qoq
    -17.27% -4.85% -3.86% 11.66% -12.41% -4.18% 0.24% 14.04% -12.44% -0.38% 1.94% 16.36% -5.87% 9.71% 2.80% 19.42% -9.84% 5.36% 3.39% 23.44% -4.76% 3.88% 12.38% 10.11% -7.20% -2.45% 3.22% 20.96%         
      operating expenses:
                                        
      service charges from agents and banks
    79,091,000 94,185,000 98,636,000 102,257,000 93,788,000 106,317,000 111,348,000 113,369,000 97,934,000 110,882,000 112,871,000 110,996,000 96,117,000 102,087,000 93,658,000 92,066,000 76,993,000 84,804,000 81,416,000 77,864,000 63,372,000 66,194,000 63,904,000 56,271,000 52,227,000 56,160,000 56,319,000 54,622,000 45,569,000  48,305,007      
      salaries and benefits
    18,890,000 18,522,000 19,701,000 18,525,000 18,288,000 16,010,000 17,238,000 16,893,000 18,106,000 18,675,000 18,607,000 17,640,000 16,168,000 15,313,000 13,853,000 11,748,000 11,310,000 12,156,000 10,859,000 10,175,000 9,875,000 10,319,000 8,084,000 7,069,000 7,359,000 7,899,000 7,612,000 7,597,000 7,597,000  10,959,507      
      other selling, general and administrative expenses
    11,555,000 13,257,000 14,132,000 12,354,000 10,989,000 11,926,000 12,127,000 12,283,000 11,558,000 10,769,000 13,235,000 12,637,000 11,337,000 9,430,000 10,232,000 7,663,000 7,069,000 8,791,000 9,966,000 7,079,000 5,505,000 5,259,000 6,336,000 5,155,000 5,337,000 6,245,000 9,788,000 5,337,000 5,723,000  5,206,932      
      provision for credit losses
    2,891,000 1,838,000 2,154,000 1,858,000 2,066,000                                
      restructuring costs
     436,000   306,000 322,000 27,000 2,711,000                             
      transaction costs
    1,166,000 1,718,000 5,353,000 2,224,000 1,169,000                          6,304,972      
      depreciation and amortization
    4,685,000 4,668,000 4,410,000 4,454,000 3,629,000 3,664,000 3,382,000 3,371,000 3,228,000 3,355,000 3,472,000 3,135,000 2,903,000 2,758,000 2,278,000 2,251,000 2,183,000 2,450,000 2,362,000 2,345,000 2,335,000 2,749,000 2,698,000 2,691,000 2,690,000 3,203,000 3,179,000 3,155,000 3,152,000  4,142,139      
      total operating expenses
    118,278,000 135,833,000 144,386,000 141,672,000 130,235,000 140,058,000 144,122,000 148,627,000 130,826,000 144,126,000 148,185,000 144,408,000 126,525,000 132,593,000 120,021,000 113,728,000 97,555,000 108,201,000 104,603,000 97,463,000 81,087,000 84,521,000 81,022,000 71,186,000 67,613,000 73,507,000 76,898,000 70,711,000 62,041,000  74,918,557      
      operating income
    3,674,000 11,579,000 10,535,000 19,461,000 14,075,000 24,701,000 27,825,000 22,904,000 19,586,000 27,657,000 24,252,000 24,742,000 18,839,000 21,844,000 20,746,000 23,207,000 17,111,000 18,974,000 16,104,000 19,284,000 13,490,000 14,781,000 14,572,000 13,876,000 9,638,000 9,735,000 8,436,000 11,964,000 6,308,000  -2,410,091      
      yoy
    -73.90% -53.12% -62.14% -15.03% -28.14% -10.69% 14.73% -7.43% 3.97% 26.61% 16.90% 6.61% 10.10% 15.13% 28.83% 20.34% 26.84% 28.37% 10.51% 38.97% 39.97% 51.83% 72.74% 15.98% 52.79%  -450.03%          
      qoq
    -68.27% 9.91% -45.87% 38.27% -43.02% -11.23% 21.49% 16.94% -29.18% 14.04% -1.98% 31.33% -13.76% 5.29% -10.60% 35.63% -9.82% 17.82% -16.49% 42.95% -8.73% 1.43% 5.02% 43.97% -1.00% 15.40% -29.49% 89.66%         
      operating margin %
    3.01% 7.85% 6.80% 12.08% 9.75% 14.99% 16.18% 13.35% 13.02% 16.10% 14.06% 14.63% 12.96% 14.14% 14.74% 16.95% 14.92% 14.92% 13.34% 16.52% 14.26% 14.88% 15.24% 16.31% 12.48% 11.69% 9.89% 14.47% 9.23% NaN% -3.32% NaN% NaN% NaN% NaN% NaN% 
      interest expense
    2,208,000 3,062,000 2,981,000 3,093,000 2,700,000 2,748,000 3,200,000 3,095,000 2,702,000 2,783,000 2,801,000 2,651,000 2,192,000 2,099,000 1,466,000 1,112,000 952,000 975,000 968,000 1,254,000 1,339,000 1,533,000 1,530,000 1,633,000 1,870,000 2,007,000 2,145,000 2,288,000 2,071,000  3,433,731      
      income before income taxes
    1,466,000 11,803,000 7,554,000 16,368,000 11,375,000 21,953,000 24,625,000 19,809,000 16,884,000 24,874,000 21,451,000 22,091,000 16,647,000 19,745,000 19,280,000 22,095,000 16,159,000 17,999,000 15,136,000 18,030,000 12,151,000 13,248,000 13,042,000 12,243,000 7,768,000 7,728,000 6,291,000 9,676,000 4,237,000  -5,843,822      
      income tax provision
    955,000 2,871,000 2,591,000 5,361,000 3,606,000 6,568,000 7,328,000 5,776,000 4,778,000 7,375,000 6,619,000 6,669,000 4,885,000 6,678,000 2,654,000 6,111,000 4,505,000 4,867,000 3,629,000 4,803,000 3,174,000 3,628,000 3,544,000 3,265,000 2,080,000 2,387,000 2,253,000 2,602,000 1,081,000  7,569,174      
      net income
    511,000 8,932,000 4,963,000 11,007,000 7,769,000 15,385,000 17,297,000 14,033,000 12,106,000 17,499,000 14,832,000 15,422,000 11,762,000 13,067,000 16,626,000 15,984,000 11,654,000 13,132,000 11,507,000 13,227,000 8,977,000 9,620,000 9,498,000 8,978,000 5,688,000 5,341,000 4,038,000 7,074,000 3,156,000  -13,412,996 -29,241 -284,270 139,068 124,945 -165,090 
      yoy
    -93.42% -41.94% -71.31% -21.56% -35.83% -12.08% 16.62% -9.01% 2.92% 33.92% -10.79% -3.52% 0.93% -0.49% 44.49% 20.84% 29.82% 36.51% 21.15% 47.33% 57.82% 80.12% 135.22% 26.92% 80.23%  -130.11% -24292.06% -1210.21%  -10835.12% -82.29%     
      qoq
    -94.28% 79.97% -54.91% 41.68% -49.50% -11.05% 23.26% 15.92% -30.82% 17.98% -3.83% 31.12% -9.99% -21.41% 4.02% 37.15% -11.25% 14.12% -13.00% 47.34% -6.68% 1.28% 5.79% 57.84% 6.50% 32.27% -42.92% 124.14%   45770.51% -89.71% -304.41% 11.30% -175.68%  
      net income margin %
    0.42% 6.06% 3.20% 6.83% 5.38% 9.34% 10.06% 8.18% 8.05% 10.19% 8.60% 9.12% 8.09% 8.46% 11.81% 11.67% 10.16% 10.33% 9.53% 11.33% 9.49% 9.69% 9.94% 10.55% 7.36% 6.42% 4.73% 8.56% 4.62% NaN% -18.50% -Infinity% -Infinity% Infinity% Infinity% -Infinity% 
      other comprehensive income
    -471,000 126,000 -160,000 1,236,000 348,000 -1,123,000 -66,000 -375,000 -145,000 262,000 -214,000 175,000 182,000   -101,000 112,000 76,000 -151,000 16,000  21,000 14,000 3,000 -144,000 61,000 -9,000 35,000 8,000  22,452      
      comprehensive income
    40,000 9,058,000 4,803,000 12,243,000 8,117,000 14,262,000 17,231,000 13,658,000 11,961,000 17,761,000 14,618,000 15,597,000 11,944,000 13,140,000 16,476,000 15,883,000 11,766,000 13,208,000 11,356,000 13,243,000 8,973,000 9,641,000 9,512,000 8,981,000 5,544,000 5,402,000 4,029,000 7,109,000 3,164,000        
      earnings per common share:
                                        
      basic
    20 300 170 370 250 490 530 430 360 500 420 430 320 360 440 420  340 300 340  250 250              
      diluted
    20 290 170 370 250 490 530 420 350 490 410 420 310 340 430 410  340 290 340  250 250              
      weighted-average common shares outstanding:
                                        
      basic
    29,858,890,000 29,938,268,000 29,616,788,000 29,843,687,000 30,587,949,000 32,430,755,000 32,366,831,000 32,698,951,000 33,675,441,000 35,604,582,000 35,320,809,000 36,001,670,000 36,480,972,000 37,733,047,000 37,390,632,000 38,257,156,000 38,362,014,000 38,474,040,000 38,647,931,000 38,433,748,000 38,239,130,000 38,060,290,000 38,050,610,000 38,035,279,000 38,035,014,000 37,428,345,000 37,984,316,000 37,505,598,000 36,182,783,000     7,766,107 7,778,601  
      diluted
    30,382,817,000 30,181,194,000 29,816,620,000 29,912,615,000 30,831,633,000 32,850,497,000 32,732,465,000 33,090,806,000 34,188,814,000 36,429,714,000 36,082,163,000 36,871,674,000 37,361,953,000 38,625,390,000 38,425,868,000 39,228,991,000 39,077,665,000 39,103,450,000 39,336,051,000 39,027,414,000 38,846,906,000 38,358,171,000 38,652,707,000 38,047,792,000 38,038,674,000 37,594,158,000 38,286,702,000 37,594,151,000 36,195,463,000     23,893,333 21,321,280  
      other comprehensive loss
                 73,000 -150,000      -4,000                
      earnings per common share:
                                        
      basic and diluted
                    300    230   240 150            
      income per common share:
                                        
      basic and diluted
                             95  190 90        
      foreign exchange
                               11,623,000 9,402,000  10,697,168      
      comprehensive loss
                                  -13,390,544      
      loss per common share:
                                        
      basic and diluted
                                  -0.43      
      weighted-average common shares outstanding:
                                        
      basic and diluted
                                 25,484,386,000 30,975,338 7,780,627     
      operating costs
                                   413,173 636,953 162,040 106,063 226,756 
      income from operations
                                   -413,173 -123,714.75 -162,040 -106,063 -226,756 
      other income:
                                        
      interest income
                                   484,669 524,831 456,224 340,465 61,666 
      income before taxes
                                   71,496 90,874 294,184 234,402  
      provision for income taxes
                                   -100,737 -172,148 -155,116 -109,457  
      weighted-average shares outstanding
                                        
      basic and diluted
                                 25,484,386,000 30,975,338 7,780,627     
      net loss per common share
                                        
      basic and diluted
                                        
      assets
                                        
      current assets
                                        
      cash
                                     74,873   
      prepaid expenses and other current assets
                                     49,428   
      total current assets
                                     124,301 219,985 319,974 
      cash and marketable securities held in trust account
                                     175,858,355 175,402,131 175,061,666 
      deferred offering costs
                                        
      total assets
                                     175,982,656 175,622,116 175,381,640 
      liabilities and stockholders’ equity
                                        
      current liabilities
                                        
      accrued expenses
                                     91,745 25,389 19,315 
      income taxes payable
                                     264,573 109,457  
      accrued offering costs
                                        
      promissory note – related party
                                        
      total current liabilities
                                     356,318 134,846 19,315 
      deferred underwriting fees
                                     9,190,000 9,190,000 9,190,000 
      deferred legal fees payable
                                     25,000 25,000 25,000 
      total liabilities
                                     9,571,318 9,349,846 9,234,315 
      commitments and contingencies
                                        
      common stock subject to possible redemption, 0.0001 par value; 16,141,133 and -0- shares
                                     161,411,330   
      stockholders’ equity
                                        
      preferred stock, 0.0001 par value; 5,000,000 authorized, none issued and outstanding
                                        
      common stock, 0.0001 par value; 35,000,000 shares authorized; 7,752,200 and 5,298,333 shares issued and outstanding (excluding 16,141,133 and -0- shares subject to possible redemption) as of september 30, 2017 and december 31, 2016, respectively
                                     775   
      additional paid-in capital
                                     4,904,118 5,043,186 5,168,121 
      retained earnings
                                     95,115   
      total stockholders’ equity
                                     5,000,008 5,000,010 5,000,001 
      total liabilities and stockholders’ equity
                                     175,982,656 175,622,116 175,381,640 
      weighted-average shares outstanding
                                        
      basic
    29,858,890,000 29,938,268,000 29,616,788,000 29,843,687,000 30,587,949,000 32,430,755,000 32,366,831,000 32,698,951,000 33,675,441,000 35,604,582,000 35,320,809,000 36,001,670,000 36,480,972,000 37,733,047,000 37,390,632,000 38,257,156,000 38,362,014,000 38,474,040,000 38,647,931,000 38,433,748,000 38,239,130,000 38,060,290,000 38,050,610,000 38,035,279,000 38,035,014,000 37,428,345,000 37,984,316,000 37,505,598,000 36,182,783,000     7,766,107 7,778,601  
      diluted
    30,382,817,000 30,181,194,000 29,816,620,000 29,912,615,000 30,831,633,000 32,850,497,000 32,732,465,000 33,090,806,000 34,188,814,000 36,429,714,000 36,082,163,000 36,871,674,000 37,361,953,000 38,625,390,000 38,425,868,000 39,228,991,000 39,077,665,000 39,103,450,000 39,336,051,000 39,027,414,000 38,846,906,000 38,358,171,000 38,652,707,000 38,047,792,000 38,038,674,000 37,594,158,000 38,286,702,000 37,594,151,000 36,195,463,000     23,893,333 21,321,280  
      net income per common share
                                        
      basic
                                    0.003 0.02 0.02  
      diluted
                                     0.01 0.01  
      cash and cash equivalents
                                      163,746 233,184 
      prepaid and other current assets
                                      56,239 86,790 
      common stock subject to possible redemption, 0.0001 par value; 16,127,226 and -0- shares at redemption value as of june 30, 2017 and december 31, 2016, respectively
                                      161,272,260  
      common stock, 0.0001 par value; 35,000,000 shares authorized; 7,766,107 and 5,298,333 shares issued and outstanding (excluding 16,127,226 and -0- shares subject to possible redemption) as of june 30, 2017 and december 31, 2016, respectively
                                      777  
      accumulated deficit
                                      -43,953 -168,898 
      common stock subject to possible redemption, 0.0001 par value; 16,114,732 and -0- shares at redemption value as of march 31, 2017 and december 31, 2016, respectively
                                       161,147,324 
      common stock, 0.0001 par value; 35,000,000 shares authorized; 7,778,601 and 5,298,333 shares issued and outstanding (excluding 16,114,732 and -0- shares subject to possible redemption) as of march 31, 2017 and december 31, 2016, respectively
                                       778 
      weighted-average shares outstanding, basic and diluted
                                       7,070,173 
      basic and diluted net loss per common share
                                       -0.02 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
                                        
        assets
                                        
        current assets:
                                        
        cash and cash equivalents
      170,324,000 168,682,000 151,589,000 174,723,000 151,764,000 130,503,000 156,611,000 233,209,000 218,795,000 239,203,000 222,447,000 147,372,000 85,453,000 149,493,000                     
        accounts receivable
      106,278,000 105,369,000 119,218,000 141,651,000 131,026,000 107,077,000 126,296,000 199,511,000 149,054,000 155,237,000 163,007,000 123,700,000 102,596,000 129,808,000 100,061,000 97,154,000 86,435,000 67,317,000 97,406,000 70,540,000 66,789,000 55,017,000 59,962,000 60,023,000 38,156,000 39,754,000 53,763,000 93,029,000 86,664,000 35,795,000 80,923,807    
        prepaid wires
      106,532,000 59,497,000 23,199,000 23,713,000 32,577,000 49,205,000 32,103,000 19,681,000 23,985,000 28,366,000 84,147,000 119,169,000 106,878,000 90,386,000 104,114,000 56,818,000 15,264,000 56,766,000 14,355,000 14,457,000 89,127,000 53,281,000 8,983,000 5,460,000 7,912,000 18,201,000 9,382,000 8,890,000 7,293,000 26,655,000 5,119,778    
        prepaid expenses and other current assets
      19,238,000 19,611,000 17,218,000 11,098,000 10,561,000 10,998,000 10,831,000 10,263,000 9,916,000 10,068,000 12,730,000 12,320,000 9,482,000 12,749,000 8,906,000 5,686,000 6,284,000 6,988,000 6,369,000 4,985,000 3,588,000 3,521,000 2,685,000 2,536,000 2,908,000 4,155,000      110,694 139,094 13,560 
        total current assets
      402,372,000 353,159,000 311,224,000 351,185,000 325,928,000 297,783,000 325,841,000 462,664,000 401,750,000 432,874,000 482,331,000 402,561,000 304,409,000 382,436,000 318,133,000 274,258,000 265,220,000 263,545,000 243,262,000 229,698,000 214,591,000 186,726,000 180,697,000 170,004,000 150,814,000 148,227,000 159,601,000 211,063,000 180,746,000 138,650,000 172,006,107 162,353 198,601 376,141 
        property and equipment
      58,597,000 57,149,000 56,633,000 53,975,000 52,603,000 50,354,000 49,497,000 46,182,000 42,532,000 31,656,000 28,967,000 28,670,000 28,173,000 28,160,000 22,614,000 21,698,000 20,918,000 17,905,000 14,051,000 13,937,000 13,831,000 13,021,000 12,770,000 12,735,000 13,055,000 13,282,000 11,550,000 11,071,000 10,727,000 10,393,000 9,525,295    
        goodwill
      53,986,000 53,986,000 55,195,000 55,195,000 55,195,000 55,195,000 55,195,000 53,986,000 53,986,000 53,986,000 53,814,000 53,487,000 48,640,000 49,774,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,260,000 36,259,666    
        intangible assets
      24,372,000 25,404,000 26,576,000 26,905,000 26,058,000 26,847,000 15,677,000 16,136,000 17,130,000 18,143,000 19,358,000 20,622,000 18,666,000 19,826,000 12,599,000 13,607,000 14,390,000 15,392,000 16,560,000 17,850,000 19,140,000 20,430,000 22,168,000 23,905,000 25,642,000 27,381,000 29,720,000 32,058,000 34,310,000 36,395,000 39,389,769    
        other assets
      26,615,000 27,993,000 29,104,000 29,628,000 30,787,000 32,198,000 34,262,000 32,706,000 33,304,000 40,153,000 35,121,000 34,461,000 30,910,000 31,876,000 9,295,000 12,798,000 12,900,000 7,434,000 7,973,000 4,678,000 2,981,000 3,036,000 2,328,000 1,954,000 1,388,000 1,415,000 1,744,000 1,993,000 2,193,000 1,874,000 639,119    
        total assets
      565,942,000 517,691,000 478,732,000 518,015,000 490,589,000 462,377,000 480,923,000 612,399,000 548,702,000 576,812,000 619,591,000 539,801,000 430,798,000 512,072,000 398,901,000 358,621,000 349,688,000 340,536,000 318,106,000 302,423,000 286,803,000 259,473,000 254,223,000 244,941,000 227,518,000 227,306,000 240,907,000 294,377,000 267,053,000 225,839,000 257,819,956 176,580,539 176,029,494 176,259,327 
        liabilities and stockholders’ equity
                                        
        current liabilities:
                                        
        accounts payable
      15,380,000 15,317,000 18,328,000 26,267,000 23,410,000 19,520,000 29,618,000 38,402,000 40,294,000 36,507,000 33,283,000 21,658,000 21,281,000 25,686,000 22,464,000 15,375,000 17,219,000 23,151,000 13,696,000 14,009,000 11,181,000 12,771,000 9,890,000 9,560,000 10,298,000 13,401,000 14,100,000 14,451,000 14,234,000 11,438,000 14,060,179    
        wire transfers and money orders payable
      84,101,000 87,540,000 93,416,000 144,196,000 115,081,000 85,044,000 105,719,000 152,065,000 137,137,000 125,042,000 159,858,000 106,271,000 91,923,000 112,251,000 74,444,000 61,878,000 59,694,000 56,066,000 59,520,000 54,982,000 41,967,000 41,746,000 48,189,000 47,712,000 39,878,000 40,197,000 57,339,000 83,780,000 86,995,000 36,311,000 78,152,404    
        accrued and other liabilities
      42,353,000 38,100,000 41,758,000 45,023,000 47,977,000 47,434,000 45,553,000 47,655,000 53,477,000 54,661,000 44,270,000 41,959,000 37,698,000 41,855,000 32,223,000 35,792,000 32,937,000 33,760,000 27,108,000 25,822,000 26,682,000 22,380,000 24,086,000 24,628,000 22,207,000 23,074,000 24,061,000 19,275,000 17,298,000      
        total current liabilities
      141,834,000 140,957,000 153,502,000 215,486,000 186,468,000 151,998,000 180,890,000 246,379,000 238,618,000 223,373,000 244,027,000 175,957,000 156,424,000 184,767,000 133,560,000 116,927,000 113,732,000 116,859,000 104,206,000 98,695,000 87,512,000 83,941,000 89,209,000 88,944,000 79,427,000 83,716,000 101,905,000 123,273,000 123,025,000 68,040,000 110,309,271 1,318,157 716,667 917,259 
        long-term liabilities:
                                        
        debt
      240,814,000 194,825,000 157,929,000 144,132,000 147,385,000 156,623,000 138,228,000 202,944,000 150,508,000 181,073,000 193,137,000 187,201,000 93,718,000 150,235,000 118,753,000 77,270,000 78,240,000  80,181,000 81,152,000 93,179,000 80,579,000 82,340,000 84,101,000 85,862,000 87,623,000 89,383,000 126,144,000 96,780,000 113,326,000 104,423,502    
        lease liabilities
      15,359,000 15,483,000 16,995,000 16,144,000 17,493,000 18,582,000 19,960,000 20,661,000 21,190,000 22,670,000 22,465,000 22,918,000 21,872,000 23,272,000 1,525,000 3,130,000 3,505,000                  
        deferred tax liability
      5,243,000 5,372,000 618,000   250,000   158,000 659,000 2,324,000 2,900,000 2,931,000 3,892,000 50,000 1,096,000 1,477,000 1,426,000 1,365,000 1,400,000           5,157,019    
        total long-term liabilities
      261,416,000 215,680,000 175,542,000 160,276,000 164,878,000 175,455,000 158,188,000 223,605,000 171,856,000 204,402,000 217,926,000 213,019,000 118,521,000 177,399,000 120,328,000 81,496,000 83,222,000 80,637,000 81,546,000 82,552,000 93,727,000 81,271,000 82,911,000 84,101,000 85,862,000 87,623,000 89,383,000 126,144,000       
        commitments and contingencies, see note 17
                                        
        stockholders’ equity:
                                        
        preferred stock 0.0001 par value...
                                        
        common stock 0.0001 par value...
      4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 3,619    
        additional paid-in capital
      89,433,000 87,835,000 85,527,000 82,895,000 80,775,000 79,592,000 80,583,000 78,066,000 76,339,000 75,686,000 76,404,000 74,103,000 71,797,000 70,210,000 68,457,000 70,012,000 68,431,000 66,875,000 65,036,000 64,009,000 61,640,000 59,310,000 56,793,000 56,098,000 55,412,000 54,694,000 53,748,000 53,118,000 62,515,000 61,889,000 60,203,431 5,268,064 5,217,625 5,188,385 
        retained earnings
      290,652,000 290,141,000 281,209,000 276,246,000 265,239,000 257,470,000 242,085,000 224,788,000 210,755,000 198,649,000 181,150,000 166,318,000 150,896,000 139,134,000 126,067,000 109,441,000 93,457,000 81,803,000 68,671,000 57,164,000 43,937,000 34,960,000 25,340,000 15,842,000 6,864,000 1,176,000         
        accumulated other comprehensive income
      -367,000 104,000  138,000  -1,446,000 -323,000 -257,000 117,000 262,000 1,000 215,000 40,000    36,000     -13,000 -34,000 -48,000 -51,000 93,000 32,000 41,000 6,000  4,980    
        treasury stock
      -217,030,000 -217,030,000 -217,030,000 -217,030,000 -205,677,000 -200,696,000 -180,504,000 -160,186,000 -148,987,000 -125,564,000 -99,921,000 -89,815,000 -66,884,000 -59,300,000 -49,300,000 -19,194,000 -9,194,000 -5,566,000 -1,205,000                
        total stockholders’ equity
      162,692,000 161,054,000 149,688,000 142,253,000 139,243,000 134,924,000 141,845,000 142,415,000 138,228,000 149,037,000 157,638,000 150,825,000 155,853,000 149,906,000 145,013,000 160,198,000 152,734,000 143,040,000 132,354,000 121,176,000 105,564,000 94,261,000      44,960,000 47,248,000   5,000,002 5,000,007 5,000,008 
        total liabilities and stockholders’ equity
      565,942,000 517,691,000 478,732,000 518,015,000 490,589,000 462,377,000 480,923,000 612,399,000 548,702,000 576,812,000 619,591,000 539,801,000 430,798,000 512,072,000 398,901,000 358,621,000 349,688,000 340,536,000 318,106,000 302,423,000 286,803,000 259,473,000      294,377,000 267,053,000   176,580,539 176,029,494 176,259,327 
        commitments and contingencies, see note 19
                                        
        accumulated other comprehensive loss
        -22,000  -1,098,000         -142,000 -215,000 -65,000  -76,000 -152,000 -1,000 -17,000         -2,000     
        deferred tax asset
         1,127,000 18,000  451,000 725,000                83,000 359,000 741,000 2,032,000 1,932,000 2,817,000 2,267,000     
        current portion of long-term debt
             8,257,000 7,710,000 7,163,000 6,616,000 6,069,000 5,522,000 4,975,000 4,429,000 3,882,000 3,882,000 3,882,000 3,882,000 3,882,000 7,682,000 7,044,000 7,044,000 7,044,000 7,044,000 7,044,000 6,405,000 5,767,000 4,498,000 3,936,000 4,078,627    
        commitments and contingencies, see note 16
                                        
        commitments and contingencies, see note 18
                                        
        cash
                    105,052,000 114,600,000 157,237,000 132,474,000 125,132,000 139,716,000 55,087,000 74,907,000 109,067,000 101,985,000 101,838,000 86,117,000 94,189,000 106,884,000 84,739,000 73,029,000 82,490,398 51,659 59,507 362,581 
        commitments and contingencies, see note 15
                                        
        long-term debt
                       79,211,000                 
        commitments and contingencies, see note 13
                                        
        deferred tax liabilities
                          548,000 692,000 571,000            
        liabilities and stockholders' equity
                                        
        stockholders' equity:
                                        
        total stockholders' equity
                            82,103,000 71,896,000 62,229,000 55,967,000 49,619,000   44,473,000 37,930,164    
        total liabilities and stockholders' equity
                            254,223,000 244,941,000 227,518,000 227,306,000 240,907,000   225,839,000 257,819,956    
        commitments and contingencies, see note 12
                                        
        other prepaid expenses and current assets
                                2,267,000 2,260,000 2,050,000 3,171,000 3,472,124    
        accumulated deficit
                                -4,165,000 -8,203,000 -15,277,000 -17,418,000 -22,281,866 -268,841 -218,396 -189,155 
        long term liabilities:
                                        
        total long term liabilities
                                  96,780,000 113,326,000 109,580,521    
        accrued and other
                                   16,355,000 14,018,061    
        commitments and contingencies, see note 14
                                        
        commitments and contingencies, see note 11
                                        
        current assets
                                        
        cash and held-to-maturity securities held in trust account
                                     176,418,186   
        current liabilities
                                        
        accrued expenses
                                     747,805 484,209 480,538 
        income taxes payable
                                     180,352 117,458 436,721 
        advances from related party
                                     275,000   
        promissory note – related party
                                     115,000 115,000  
        deferred underwriting fees
                                     9,190,000 9,190,000 9,190,000 
        deferred legal fees payable
                                     25,000 25,000 25,000 
        total liabilities
                                     10,533,157 9,931,667 10,132,259 
        commitments and contingencies
                                        
        common stock subject to possible redemption, 0.0001 par value...
                                     161,047,380 161,097,820 161,127,060 
        stockholders’ equity
                                        
        preferred stock, 0.0001 par value...
                                        
        common stock, 0.0001 par value...
                                     779 778 778 
        cash and marketable securities held in trust account
                                      175,830,893 175,883,186 
        operating costs
                                      413,173  
        income from operations
                                      -413,173  
        other income:
                                        
        interest income
                                      484,669  
        income before taxes
                                      71,496  
        benefit from income taxes
                                      -100,737  
        net income
                                      -29,241  
        weighted-average shares outstanding
                                        
        basic and diluted
                                      7,780,627  
        net income per common share
                                        
        deferred offering costs
                                        
        accrued offering costs
                                        
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
                                          
          cash flows from operating activities:
                                          
          net income
        511,000 8,932,000 4,963,000 11,007,000 7,769,000 15,385,000 17,297,000 14,033,000 12,106,000 17,499,000 14,832,000 15,422,000 11,762,000 13,067,000 16,626,000 15,984,000 11,654,000 13,132,000 11,507,000 13,227,000 8,977,000 9,620,000 9,498,000 8,978,000 5,688,000 5,341,000 4,038,000 7,074,000 3,156,000   -50,445 -29,241 -284,270 
          adjustments to reconcile net income to net cash from operating activities:
                                          
          depreciation and amortization
        4,685,000 4,668,000 4,410,000 4,454,000 3,629,000 3,664,000 3,382,000 3,371,000 3,228,000 3,355,000 3,473,000 3,135,000 2,903,000 2,758,000 2,278,000 2,251,000 2,183,000 2,450,000 2,362,000 2,344,000 2,335,000 2,749,000 2,698,000 2,691,000 2,690,000 3,203,000 3,179,000 3,155,000 3,152,000 3,921,487     
          share-based compensation
        2,526,000 2,272,000 2,759,000 2,133,000 2,112,000 186,000 2,312,000 2,392,000 2,153,000 1,894,000 2,274,000 2,245,000 1,698,000 1,560,000 2,625,000 1,665,000 1,268,000 1,219,000 1,112,000 1,374,000 896,000 1,028,000 801,000 686,000 722,000 715,000 634,000 634,000 626,000 660,414     
          provision for credit losses
        2,891,000 1,838,000 2,154,000 1,858,000 2,066,000 1,375,000 1,665,000 1,776,000 1,595,000 1,227,000 1,830,000 1,155,000 785,000 550,000 524,000 1,056,000 442,000 528,000 342,000 505,000 162,000              
          debt origination costs amortization
        254,000 254,000 258,000 256,000 256,000 528,000 286,000 301,000 301,000 301,000 301,000 282,000 246,000 246,000 245,000 254,000 253,000 249,000 241,000 185,000 200,000 196,000 188,000 188,000 188,000 188,000 188,000 183,000 175,000 3,748,269     
          deferred income tax benefit
        -129,000   -1,109,000 -268,000 662,000 275,000 -883,000 -502,000  -214,000                        
          non-cash lease expense
        1,798,000 1,799,000 1,727,000 1,748,000 1,745,000 1,763,000 1,741,000 1,722,000 1,802,000 1,883,000 1,891,000 2,010,000 2,064,000 1,474,000 632,000 531,000 468,000                  
          loss on disposal of property and equipment
        383,000 353,000 604,000 258,000 249,000 277,000 250,000 665,000 400,000 306,000 639,000 442,000 398,000 155,000 199,000 294,000 140,000 112,000 1,142,000 104,000 65,000 83,000 205,000 74,000 57,000 83,000 69,000 62,000 51,000 64,276     
          total adjustments
        12,408,000 20,510,000 13,657,000 9,598,000 9,789,000 8,183,000 10,183,000 9,344,000 8,977,000 6,660,000 10,194,000 9,026,000 7,471,000 7,616,000 5,457,000 5,670,000 4,805,000 4,619,000 5,164,000 5,364,000 3,514,000 4,557,000 4,866,000 4,279,000 4,776,000 5,935,000 4,589,000 5,111,000 4,151,000 4,015,288     
          changes in operating assets and liabilities:
                                          
          accounts receivable
        -3,862,000 11,919,000 20,326,000 -13,387,000 -25,911,000 17,679,000 71,698,000 -52,264,000 4,485,000 6,947,000 -41,504,000 -21,118,000 26,432,000 -13,764,000 -3,525,000 -11,793,000 -19,546,000 29,556,000 -27,228,000 -4,236,000 -11,938,000 4,614,000 -209,000 -22,229,000 744,000 13,569,000 38,637,000 -6,638,000 -51,223,000 44,622,672     
          prepaid wires
        -47,192,000 -35,569,000 935,000 10,078,000 17,151,000 -18,796,000 -14,575,000 4,396,000 4,518,000 56,329,000 34,264,000 -6,794,000 -15,433,000 14,655,000 -47,312,000 -41,666,000 41,879,000 -42,448,000 -264,000 74,988,000 -36,163,000 -43,371,000 -3,862,000 2,364,000 9,271,000 -8,454,000 -695,000 -1,540,000 19,494,000 -21,784,622     
          prepaid expenses and other assets
        1,248,000 -4,213,000 -4,983,000 -717,000 726,000 224,000 475,000 -353,000 5,347,000 -3,499,000 -2,580,000 -3,990,000 3,217,000 -3,091,000 -1,322,000 134,000 360,000 -145,000 -4,905,000 -1,246,000 -59,000 -1,570,000 -575,000 -232,000 1,240,000          
          wire transfers and money orders payable
        -3,390,000 -6,429,000 -51,039,000 27,730,000 29,774,000 -19,048,000 -43,867,000 14,814,000 11,821,000 -35,753,000 54,705,000 6,628,000 -21,593,000 1,576,000 12,608,000 2,318,000 3,232,000 -3,410,000 4,908,000 12,680,000 548,000 -7,373,000 817,000            
          lease liabilities
        -1,787,000 -1,841,000 -1,942,000 -2,126,000 -1,993,000 -1,816,000 -1,337,000 -1,344,000 -1,355,000 -811,000 -1,263,000 -1,688,000 -2,473,000 2,607,000 -976,000 -457,000 -580,000                  
          accounts payable and accrued and other liabilities
        4,700,000 -8,931,000 -10,592,000 -2,281,000 3,977,000 -6,694,000 -10,572,000 -8,196,000 2,337,000 13,713,000 13,784,000 1,364,000 -8,225,000 2,356,000 4,036,000 1,086,000 -8,520,000 16,089,000 1,233,000 1,919,000 2,715,000 1,046,000     4,460,000 2,190,000 2,363,000      
          net cash from operating activities
        -37,364,000 -15,622,000 -28,675,000 39,902,000 41,282,000 -4,883,000 29,302,000 -19,570,000 48,236,000 61,085,000 82,432,000 -1,150,000 1,158,000 25,022,000 -14,408,000 -28,724,000 33,284,000 17,393,000 -9,585,000 102,696,000 -32,406,000 -32,477,000 10,124,000 2,693,000 18,780,000 -4,613,000 25,061,000 2,871,000 29,215,000 -10,677,567 31,875,040 -404,437 -955,036 -212,292 
          capital expenditures
        -5,493,000 -4,361,000 -6,868,000 -4,570,000 -5,275,000 -3,937,000 -5,910,000 -6,670,000 -13,480,000 -5,092,000 -3,160,000 -2,432,000 -2,119,000 -3,018,000 -2,513,000 -2,326,000 -4,316,000 -5,065,000 -2,342,000 -1,251,000 -1,930,000 -1,292,000 -1,179,000 -690,000 -901,000 -2,652,000 -1,404,000 -1,220,000 -1,193,000 -1,755,935 
          free cash flows
        -42,857,000 -19,983,000 -35,543,000 35,332,000 36,007,000 -8,820,000 23,392,000 -26,240,000 34,756,000 55,993,000 79,272,000 -3,582,000 -961,000 22,004,000 -16,921,000 -31,050,000 28,968,000 12,328,000 -11,927,000 101,445,000 -34,336,000 -33,769,000 8,945,000 2,003,000 17,879,000 -7,265,000 23,657,000 1,651,000 28,022,000 -12,433,502 31,875,040 -404,437 -955,036 -212,292 
          cash flows from investing activities:
                                          
          purchases of property and equipment
        -5,493,000 -4,361,000 -6,868,000 -4,570,000 -5,275,000 -3,937,000 -5,910,000 -6,670,000 -13,480,000 -5,092,000 -3,160,000 -2,432,000 -2,119,000 -3,018,000 -2,513,000 -2,326,000 -4,316,000 -5,065,000 -2,342,000 -1,251,000 -1,930,000 -1,292,000 -1,179,000 -690,000 -901,000 -2,652,000 -1,404,000 -1,220,000 -1,193,000 -1,755,935     
          acquisition of agent locations
         -200,000 -1,011,000 -150,000 -38,000 -150,000                  -250,000      
          net cash from investing activities
        -5,493,000 -4,561,000 -7,472,000 -4,720,000 -5,313,000 -16,087,000 -7,709,000 -6,670,000 -13,480,000 -5,092,000 -3,160,000 -7,909,000 -2,119,000 -3,149,000 -2,513,000 -2,551,000 -4,316,000 -5,250,000 -2,342,000 -1,251,000 -1,930,000 -1,292,000 -1,179,000 -690,000 -901,000 -2,652,000 -1,404,000 -1,220,000 -1,443,000 -1,875,935    500,000 
          cash flows from financing activities:
                                          
          borrowings under revolving credit facility
        1,961,500,000 1,997,900,000 2,051,600,000 2,119,000,000 1,916,000,000 2,082,750,000 910,450,000 54,500,000 -28,500,000  8,000,000          15,000,000              
          repayments under revolving credit facility
        -1,915,500,000 -1,961,000,000 -2,037,800,000 -2,122,251,000 -1,925,235,000 -2,064,350,000       -55,000,000                      
          payments for stock-based awards
        -928,000 -20,000 -117,000 -13,000 -929,000 -1,332,000 -96,000 558,000 -1,598,000                         
          repurchases of common stock
         -11,353,000 -4,981,000 -20,192,000 -20,318,000 -11,199,000 -23,423,000 -25,643,000 -10,106,000 -22,931,000 -7,584,000 -10,000,000 -30,106,000 -10,000,000 -3,628,000 -4,361,000                 
          other financing activities
        -11,000 -3,000                                 
          net cash from financing activities
        45,061,000 36,933,000 13,629,000 -14,622,000 -15,145,000 -2,970,000 -97,168,000 40,998,000 -55,064,000 -39,947,000 -3,719,000 70,335,000 -63,789,000 22,048,000 7,622,000 -11,178,000 -4,434,000 -4,883,000 -2,385,000 -16,867,000 14,519,000 -434,000 -1,896,000 -1,915,000 -1,915,000 -994,000 -36,277,000 20,452,000 -16,125,000 2,519,874 -4,022,874 275,000 115,000 
          effect of exchange rate changes on cash and cash equivalents
        -562,000 343,000 -616,000 2,399,000 437,000 -2,168,000 -1,023,000 -344,000 -100,000 710,000 -478,000 643,000 710,000                      
          net increase in cash and cash equivalents
        1,642,000 17,093,000 -23,134,000 22,959,000 21,261,000 -26,108,000    16,756,000   -64,040,000                      
          cash and cash equivalents, beginning of period
        168,682,000  130,503,000  239,203,000  149,493,000                      
          cash and cash equivalents, end of period
        170,324,000  -23,134,000 22,959,000 151,764,000  -76,598,000 14,414,000 218,795,000  75,075,000 61,919,000 85,453,000                      
          fair value of contingent consideration
                 -642,000                        
          deferred income tax provision
         4,831,000           -623,000 873,000 -1,046,000 -381,000 51,000 61,000 -35,000 852,000 -144,000 121,000 654,000 276,000 382,000 1,291,000         
          gain contingency
                                          
          goodwill impairment
                                          
          cash from business acquisitions, net of cash and cash equivalents acquired
                                          
          cash from asset acquisitions
                                          
          proceeds from sale of real estate property
                                         
          repayments of term loan facility
             -72,188,000 -1,640,000 -1,641,000 -1,641,000 -1,640,000 -1,094,000 -1,094,000 -1,094,000 -1,093,000 -1,094,000 -1,094,000 -1,093,000 -1,094,000 -40,126,000 -1,915,000              
          debt origination costs
                                     
          proceeds from exercise of options
                            1,434,000 1,481,000             
          cash and cash equivalents, beginning of the year
                                          
          cash and cash equivalents, end of the year
                                          
          loss on debt extinguishment
                                          
          cash from business acquisition, net of cash and cash equivalents acquired
                                        
          payments from exercise of stock options
                                          
          repayments of other debt
                                          
          proceeds from exercise of stock options
              300,000 -1,221,000 98,000  134,000    887,000 -74,000 561,000  763,000                
          net decrease in cash and cash equivalents
               14,414,000 -20,408,000                          
          borrowings under term loan facility
                                        
          borrowings under revolving loan
                                          
          payment of debt origination costs
                                          
          proceeds from exercises of options
                                          
          payments for stock awards
                  -107,000 -38,000 -834,000  -5,066,000 -10,000 -273,000                  
          proceeds from exercises of stock options
                    723,000                      
          effect of exchange rate changes on cash
                      -249,000 -184,000 229,000 82,000 -272,000 51,000 -3,000 43,000 33,000 59,000 -243,000 187,000 -75,000 42,000 63,000 -67,152     
          net increase in cash
                      -9,548,000 -42,637,000 24,763,000 7,342,000 -14,584,000 84,629,000 -19,820,000 -34,160,000 7,082,000 147,000 15,721,000          
          cash, beginning of period
                      132,474,000  74,907,000             
          cash, end of period
                      -9,548,000 -42,637,000 157,237,000  -14,584,000 84,629,000 55,087,000  7,082,000            
          repayments under revolving loan
                                    -15,000,000      
          cash paid in warrant exchange
                                        
          cash, beginning of the year
                                          
          cash, end of the year
                                          
          provision for bad debt
                             380,000 320,000     192,000 360,000      
          debt extinguishment costs
                                          
          borrowings under term loan
                                        
          repayments of term loan
                             -1,915,000 -1,916,000 -1,915,000 -1,915,000 -1,277,000         
          (repayments) borrowings under revolving loan
                                          
          proceeds from reverse recapitalization
                                     427     
          cash consideration to intermex shareholders
                                     -53     
          accounts payable and accrued other liabilities
                               1,643,000 -3,697,000          
          provision for bad debts
                                737,000 455,000         
          wire transfers and money orders payables
                                758,000    50,505,000      
          cash, beginning of the period
                                86,117,000          
          cash, end of the period
                                101,838,000          
          net cash from business acquisition
                                          
          common dividend distributions
                                          
          net increase in cash and restricted cash
                                 -8,072,000 -12,695,000 22,145,000 11,710,000 -10,100,780     
          cash and restricted cash, beginning of the period
                                 73,029,000 -280     
          cash and restricted cash, end of the period
                                 -8,072,000 -12,695,000 22,145,000 84,739,000 -10,101,060     
          other prepaid expenses and assets
                                  207,000 -43,000 769,000 -652,240     
          deferred taxes
                                   885,000 -213,000 -6,714,873     
          borrowings (repayments) under revolving loan
                                          
          repayment of term loan
                                   -1,277,000 -1,125,000 -92,150,500     
          supplemental disclosure of cash flow information:
                                          
          cash paid for interest
                                    2,895,000      
          accounts payable and accrued other
                                     -204,269     
          net cash from acquisition
                                          
          purchase of common stock
                                          
          net loss
                                          
          adjustments to reconcile net loss to net cash from operating activities:
                                          
          interest earned on held-to-maturity securities held in trust account
                                          
          prepaid expenses and other current assets
                                       28,400 -125,534 35,868 
          accrued expenses
                                       263,596 3,671 388,793 
          income taxes payable
                                       62,894 -319,263 172,148 
          investment of cash in trust account
                                         
          cash deposited into trust account
                                       -25,592  
          cash withdrawn from trust account
                                       121,589 562,554  
          net cash from (used) in investing activities
                                       121,589 536,962  
          proceeds from sale of units, net of underwriting discounts paid
                                         
          proceeds from sale of placement units
                                          
          proceed from issuance of common stock to initial stockholders
                                         
          advances from related party
                                          
          proceeds from promissory note – related party
                                       115,000  
          repayment of promissory note – related party
                                         
          payment of offering costs
                                         
          net change in cash
                                       -7,848 -303,074 287,708 
          cash – beginning of period
                                       362,581  
          cash – ending of period
                                       -7,848 59,507  
          non-cash investing and financing activities:
                                          
          deferred underwriting fees charged to additional paid in capital
                                         
          deferred legal fees charged to additional paid in capital
                                         
          initial classification of common stock subject to possible redemption
                                         
          change in value of common stock subject to possible redemption
                                       -50,440 -29,240 -284,270 
          ●
                                          
          interest earned on marketable securities held in trust account
                                        -484,669 -524,831 
          proceeds from sale of private placement units
                                          
          proceeds from collection of notes receivable from stockholders
                                          
          cash – beginning
                                         
          cash – ending
                                         287,708 
          deferred offering costs included in accrued expenses
                                          
          issuance of stock for notes receivable from stockholders
                                          
          f-7
                                          
          4
                                          
          deferred offering costs included in accrued offering costs
                                          
          f-6