| Schedule of consumer receivables |
Consumer receivables consisted of the following:
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
2024 |
|
|
2023 |
|
Loan receivables |
$ |
68,918 |
|
|
$ |
66,815 |
|
Instacash receivables |
|
127,491 |
|
|
|
120,336 |
|
Finance receivables |
|
196,409 |
|
|
|
187,151 |
|
Fees receivable |
|
15,102 |
|
|
|
16,137 |
|
Subscription receivables |
|
4,138 |
|
|
|
3,491 |
|
Deferred loan origination costs |
|
60 |
|
|
|
86 |
|
Accrued interest receivable |
|
1,340 |
|
|
|
1,302 |
|
Consumer receivables, before allowance for credit losses |
$ |
217,049 |
|
|
$ |
208,167 |
|
|
| Schedule of changes in the allowance for losses on consumer receivables |
Changes in the allowance for losses on loan receivables were as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2024 |
|
|
2023 |
|
Beginning balance |
$ |
5,761 |
|
|
$ |
5,784 |
|
Provision for credit losses on receivables |
|
368 |
|
|
|
1,520 |
|
Loan receivables charged off |
|
(2,150 |
) |
|
|
(4,189 |
) |
Recoveries |
|
629 |
|
|
|
2,676 |
|
Ending balance |
$ |
4,608 |
|
|
$ |
5,791 |
|
Changes in the allowance for losses on Instacash receivables were as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2024 |
|
|
2023 |
|
Beginning balance |
$ |
25,992 |
|
|
$ |
23,240 |
|
Provision for credit losses on receivables |
|
17,596 |
|
|
|
10,081 |
|
Instacash receivables charged off |
|
(23,036 |
) |
|
|
(19,828 |
) |
Recoveries |
|
6,093 |
|
|
|
6,193 |
|
Ending balance |
$ |
26,645 |
|
|
$ |
19,686 |
|
Changes in the allowance for losses on fees receivable were as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2024 |
|
|
2023 |
|
Beginning balance |
$ |
2,552 |
|
|
$ |
908 |
|
Provision for credit losses on receivables |
|
1,595 |
|
|
|
4,174 |
|
Fees receivable charged off |
|
(2,933 |
) |
|
|
(4,825 |
) |
Recoveries |
|
785 |
|
|
|
761 |
|
Ending balance |
$ |
1,999 |
|
|
$ |
1,018 |
|
Changes in the allowance for losses on subscription receivables were as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2024 |
|
|
2023 |
|
Beginning balance |
$ |
1,024 |
|
|
$ |
1,292 |
|
Provision for credit losses on receivables |
|
671 |
|
|
|
736 |
|
Subscription receivables charged off |
|
(1,162 |
) |
|
|
(1,356 |
) |
Recoveries |
|
518 |
|
|
|
306 |
|
Ending balance |
$ |
1,051 |
|
|
$ |
978 |
|
|
| Schedule of assessment of the repayment performance of loans |
The following is an assessment of the repayment performance of loan receivables as of March 31, 2024 and December 31, 2023 and presents the contractual delinquency of the loan receivables portfolio:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
|
December 31, 2023 |
|
|
Amount |
|
|
Percent |
|
|
Amount |
|
|
Percent |
|
Current |
$ |
59,681 |
|
|
|
86.6 |
% |
|
$ |
58,980 |
|
|
|
88.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Delinquency: |
|
|
|
|
|
|
|
|
|
|
|
31 to 60 days |
|
5,657 |
|
|
|
8.2 |
% |
|
|
4,451 |
|
|
|
6.7 |
% |
61 to 90 days |
|
3,580 |
|
|
|
5.2 |
% |
|
|
3,384 |
|
|
|
5.1 |
% |
Total delinquency |
|
9,237 |
|
|
|
13.4 |
% |
|
|
7,835 |
|
|
|
11.8 |
% |
Loan receivables before allowance for credit losses |
$ |
68,918 |
|
|
|
100.0 |
% |
|
$ |
66,815 |
|
|
|
100.0 |
% |
The following is an assessment of the repayment performance of Instacash receivables as of March 31, 2024 and December 31, 2023 and presents the contractual delinquency of the Instacash receivables portfolio:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
|
December 31, 2023 |
|
|
Amount |
|
|
Percent |
|
|
Amount |
|
|
Percent |
|
Current |
$ |
110,440 |
|
|
|
86.6 |
% |
|
$ |
104,541 |
|
|
|
86.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Delinquency: |
|
|
|
|
|
|
|
|
|
|
|
31 to 60 days |
|
9,567 |
|
|
|
7.5 |
% |
|
|
8,829 |
|
|
|
7.3 |
% |
61 to 90 days |
|
7,484 |
|
|
|
5.9 |
% |
|
|
6,966 |
|
|
|
5.8 |
% |
Total delinquency |
|
17,051 |
|
|
|
13.4 |
% |
|
|
15,795 |
|
|
|
13.1 |
% |
Instacash receivables before allowance for credit losses |
$ |
127,491 |
|
|
|
100.0 |
% |
|
$ |
120,336 |
|
|
|
100.0 |
% |
The following is an assessment of the repayment performance of fees receivable as of March 31, 2024 and December 31, 2023 and presents the contractual delinquency of the fees receivable portfolio:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
|
December 31, 2023 |
|
|
Amount |
|
|
Percent |
|
|
Amount |
|
|
Percent |
|
Current |
$ |
12,758 |
|
|
|
84.5 |
% |
|
$ |
13,971 |
|
|
|
86.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Delinquency: |
|
|
|
|
|
|
|
|
|
|
|
31 to 60 days |
|
1,320 |
|
|
|
8.7 |
% |
|
|
1,197 |
|
|
|
7.4 |
% |
61 to 90 days |
|
1,024 |
|
|
|
6.8 |
% |
|
|
969 |
|
|
|
6.0 |
% |
Total delinquency |
|
2,344 |
|
|
|
15.5 |
% |
|
|
2,166 |
|
|
|
13.4 |
% |
Fees receivable before allowance for credit losses |
$ |
15,102 |
|
|
|
100.0 |
% |
|
$ |
16,137 |
|
|
|
100.0 |
% |
The following is an assessment of the repayment performance of subscription receivables as of March 31, 2024 and December 31, 2023 and presents the contractual delinquency of the subscription receivables portfolio:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
|
December 31, 2023 |
|
|
Amount |
|
|
Percent |
|
|
Amount |
|
|
Percent |
|
Current |
$ |
2,982 |
|
|
|
72.1 |
% |
|
$ |
2,786 |
|
|
|
79.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Delinquency: |
|
|
|
|
|
|
|
|
|
|
|
31 to 60 days |
|
701 |
|
|
|
16.9 |
% |
|
|
407 |
|
|
|
11.7 |
% |
61 to 90 days |
|
455 |
|
|
|
11.0 |
% |
|
|
298 |
|
|
|
8.5 |
% |
Total delinquency |
|
1,156 |
|
|
|
27.9 |
% |
|
|
705 |
|
|
|
20.2 |
% |
Subscription receivables before allowance for credit losses |
$ |
4,138 |
|
|
|
100.0 |
% |
|
$ |
3,491 |
|
|
|
100.0 |
% |
|