Annual report pursuant to Section 13 and 15(d)

Receivables (Tables)

v3.22.0.1
Receivables (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of receivables
    December 31,     December 31,  
    2021     2020  
Unsecured personal loan receivables   $ 1     $ 66  
Secured personal loan receivables     77,491       43,804  
Loan receivables     77,492       43,870  
Instacash receivables     62,783       18,888  
Finance receivables     140,275       62,758  
Fees receivable     8,366       2,913  
Membership receivables     3,099       1,885  
Deferred loan origination costs     929       615  
Accrued interest receivable     1,072       623  
Receivables, before allowance for loan losses   $ 153,741     $ 68,794  

 
Schedule of changes in allowance for losses on finance receivables
    Twelve Months Ended
December 31,		  
    2021     2020  
Beginning balance   $ 9,127     $ 6,613  
Provision for loss on receivables     60,749       21,294  
Receivables charged off     (75,557 )     (39,004 )
Recoveries     28,004       20,224  
Ending balance   $ 22,323     $ 9,127  

 

    Twelve Months Ended
December 31,		  
    2021     2020  
Beginning balance   $ 9,127     $ 6,613  
Provision for loss on receivables     51,975       18,082  
Finance receivables charged off     (65,711 )     (33,719 )
Recoveries     26,234       18,151  
Ending balance   $ 21,625     $ 9,127  

 

    Twelve Months Ended
December 31,		  
    2021     2020  
Beginning balance   $
-
     $
-
  
Provision for loss on receivables     3,170       1,856  
Membership receivables charged off     (3,446 )     (3,620 )
Recoveries     554       1,764  
Ending balance   $ 278     $
-
  

 

    Twelve Months Ended
December 31,		  
    2021     2020  
Beginning balance   $
-
     $
-
  
Provision for loss on receivables     5,604       1,356  
Fees receivable charged off     (6,400 )     (1,665 )
Recoveries     1,216       309  
Ending balance   $ 420     $
-
  

 
Schedule of assessment of the credit quality of finance receivables
    December 31,
2021		     December 31,
2020		  
    Amount     Percent     Amount     Percent  
Current   $ 122,477       87.3 %   $ 54,247       86.4 %
                                 
Delinquency:                                
31 to 60 days     13,397       9.6 %     6,148       9.8 %
61 to 90 days     4,401       3.1 %     2,363       3.8 %
Total delinquency     17,798       12.7 %     8,511       13.6 %
Finance receivables before allowance for loan losses   $ 140,275       100.0 %   $ 62,758       100.0 %

 

    December 31,
2021		     December 31,
2020		  
    Amount     Percent     Amount     Percent  
Current   $ 66,514       85.8 %   $ 38,133       86.9 %
                                 
Delinquency:                                
31 to 60 days     6,577       8.5 %     3,374       7.7 %
61 to 90 days     4,401       5.7 %     2,363       5.4 %
Total delinquency     10,978       14.2 %     5,737       13.1 %
Loan receivables before allowance for loan losses   $ 77,492       100.0 %   $ 43,870       100.0 %

 

    December 31,
2021		     December 31,
2020		  
    Amount     Percent     Amount     Percent  
Current   $ 55,963       89.1 %   $ 16,114       85.3 %
                                 
Delinquency:                                
31 to 60 days     6,820       10.9 %     2,774       14.7 %
61 to 90 days    
-
       0.0 %    
-
       0.0 %
Total delinquency     6,820       10.9 %     2,774       14.7 %
Instacash receivables before allowance for loan losses   $ 62,783       100.0 %   $ 18,888       100.0 %

 

    December 31,
2021		     December 31,
2020		  
    Amount     Percent     Amount     Percent  
Current   $ 2,227       71.8 %   $ 1,586       84.1 %
                                 
Delinquency:                                
31 to 60 days     514       16.6 %     168       9.0 %
61 to 90 days     358       11.6 %     131       6.9 %
Total delinquency     872       28.2 %     299       15.9 %
Membership receivables before allowance for loan losses   $ 3,099       100.0 %   $ 1,885       100.0 %

 

    December 31,
2021		     December 31,
2020		  
    Amount     Percent     Amount     Percent  
Current   $ 6,682       79.9 %   $ 2,435       83.6 %
                                 
Delinquency:                                
31 to 60 days     1,684       20.1 %     478       16.4 %
61 to 90 days    
-
       0.0 %    
-
       0.0 %
Total delinquency     1,684       20.1 %     478       16.4 %
Fees receivable before allowance for loan losses   $ 8,366       100.0 %   $ 2,913       100.0 %