Merchant Cash Advances, Loans and Related Receivables (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Merchant Cash Advances, Loans and Related Receivables


	December 31, 2021 $	December 31, 2020 $	January 1, 2020 $
Unbilled revenues, net	86,795	50,073	31,629
Trade receivables, net	40,342	13,449	9,660
Indirect taxes receivable	39,142	45,961	36,821

Accrued interest	13,067	7,563	5,754
Other receivables	12,863	3,706	6,665
	192,209	120,752	90,529

Activity in the allowance for credit losses was as follows:


	Years ended
	December 31, 2021 $	December 31, 2020 $
Balance, beginning of the year	6,041	2,894
Provision for credit losses related to uncollectible receivables	6,069	6,793
Write-offs	(5,166)	(3,646)
Balance, end of the year	6,944	6,041


	December 31, 2021	December 31, 2020	January 1, 2020
	$	$	$
Merchant cash advances receivable, gross	439,289	218,840	131,227
Related receivables	—	819	3,179
Allowance for credit losses related to uncollectible merchant cash advances receivable	(38,264)	(15,816)	(10,420)
Loans receivable, gross	72,751	43,644	28,547
Allowance for credit losses related to uncollectible loans receivable	(3,054)	(2,764)	(2,361)
Merchant cash advances, loans and related receivables, net	470,722	244,723	150,172

Merchant Cash Advances

The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible merchant cash advances receivable:


	Years ended
		December 31, 2021	December 31, 2020
		$	$
Allowance, beginning of the year		15,816	10,420
Provision for credit losses related to uncollectible merchant cash advances receivable		36,719	13,896
Merchant cash advances receivable charged off, net of recoveries		(14,271)	(8,500)
Allowance, end of the year		38,264	15,816
Related receivables		—	(819)
Allowance, net of related receivables		38,264	14,997

Schedule of Financing Receivable, Allowance for Credit Loss

The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible loans receivable:


	Years ended
		December 31, 2021	December 31, 2020
		$	$
Allowance, beginning of the year		2,764	2,361


Provision for credit losses related to uncollectible loans receivable		2,540	1,915
Loans receivable charged off, net of recoveries		(2,250)	(1,512)
Allowance, end of the year		3,054	2,764

Schedule of Financing Receivable, Past Due

The following table presents the delinquency status of the principal amount of merchant loans by year of origination. The delinquency status is determined based on the number of days past the expected or contractual repayment date for which the Company anticipates to receive the amounts outstanding. The "current" category represents balances that are within 29 days of the contractual repayment dates, or within 29 days of the expected repayment date.


	December 31, 2021

	Total		Percent
Current	$	69,350	95.3	%
30-59 Days	1,114		1.5	%
60-89 Days	419		0.6	%
90-179 Days	576		0.8	%
180+ Days	1,292		1.8	%
Total	$	72,751	100.0	%


	December 31, 2020

	Total		Percent
Current	$	42,671	97.8	%
30-59 Days	302		0.7	%
60-89 Days	57		0.1	%
90-179 Days	268		0.6	%
180+ Days	346		0.8	%
Total	43,644		100.0	%