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Financial instruments-Risk management and fair value (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of credit risk exposure [abstract] |
Disclosure of Foreign Currency | A significant part of our revenue is denominated in the following foreign currencies:
| 2024 |  | 2023
| % |  | %
U.S. dollars | 65.0 | % |  | 64.3 | %
Foreign currencies - |  |  |
Brazilian real | 9.9 | % |  | 7.7 | %
Colombian peso | 8.1 | % |  | 10.0 | %
Mexican peso | 3.9 | % |  | 3.5 | %
Chilean peso | 3.2 | % |  | 3.1 | %
Canadian dollar | 1.8 | % |  | 1.2 | %
Argentinian peso | 1.6 | % |  | 5.1 | %
Other currencies | 6.5 | % |  | 5.1 | %
| 100.0 | % |  | 100.0 | %
Summary of Foreign Currency Risk Exposure | The following chart summarizes the Company’s foreign currency risk exposure (assets and liabilities denominated in foreign currency) as of December 31:
| 2024 |  | 2023
Assets |  |  |
Cash and cash equivalents | $ | 12,213 |  |  | $ | 15,858 |
Accounts receivable, net | 72,842 |  |  | 108,767 |
Other assets | 17,035 |  |  | 25,707 |
Total assets | $ | 102,090 |  |  | $ | 150,332 |
Liabilities |  |  |
Accounts payable | 23,234 |  |  | 53,393 |
Taxes payable | 60,285 |  |  | 38,157 |
Other liabilities | 12,375 |  |  | 16,543 |
Total liabilities | $ | 95,894 |  |  | $ | 108,093 |
Net position | $ | 6,196 |  |  | $ | 42,239 |
Summary of Movement in Allowance for Impairment for Short and Long-term Investments at Amortized Cost | The movement in the allowance for impairment for short and long-term investments at amortized cost for the year ended December 31 was as follows:
| 2024 |  | 2023
Balance at beginning of year | $ | (2,258) |  |  | $ | (2,955) |
(Additions) / Reversal | 1,155 |  |  | 697 |
Balance at end of year | $ | (1,103) |  |  | $ | (2,258) |
Summary of Credit Risk Exposure on Trade Receivables using Provision Matrix | Set out below is the information about the credit risk exposure on the Company’s trade receivables using a provision matrix as of December 31:
| 2024
|  |  | Days past due
| Total |  | Current |  | <30 |  | 30-60 |  | 60-90 |  | >90
Expected credit loss rate |  |  | 0.0% |  | 9.3% |  | 7.4% |  | 11.2% |  | 63.8%
Gross carrying amount | $ | 172,049 |  |  | $ | 163,053 |  |  | $ | 2,978 |  |  | $ | 1,494 |  |  | $ | 547 |  |  | $ | 3,977 |
Expected credit loss | $ | 3,059 |  |  | $ | 71 |  |  | $ | 278 |  |  | $ | 111 |  |  | $ | 61 |  |  | $ | 2,538 |
| 2023
|  |  | Days past due
| Total |  | Current |  | <30 |  | 30-60 |  | 60-90 |  | >90
Expected credit loss rate |  |  | 0.0% |  | 8.8% |  | 9.0% |  | 24.4% |  | 53.9%
Gross carrying amount | $ | 162,544 |  |  | $ | 153,289 |  |  | $ | 2,487 |  |  | $ | 1,174 |  |  | $ | 258 |  |  | $ | 5,336 |
Expected credit loss | $ | 3,297 |  |  | $ | 35 |  |  | $ | 218 |  |  | $ | 106 |  |  | $ | 63 |  |  | $ | 2,875 |
Summary of Financial Liabilities According to Maturity Date | The table below summarizes the Company’s financial liabilities according to their maturity date. The amounts in the table are the contractual undiscounted cash flows. Balances due within twelve months equal their carrying balances as the impact of discounting is not significant. December 31, 2024
| Note |  | Carrying amount |  | Contractual cash flow |  | Less than twelve months |  | Between 1 and 4 years |  | More than 4 years
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings | 18 |  | $ | 1,670,807 |  |  | $ | 1,872,779 |  |  | $ | 302,202 |  |  | $ | 835,630 |  |  | $ | 734,947 |
Lease liability | 14 |  | 329,697 |  |  | 383,417 |  |  | 73,739 |  |  | 247,913 |  |  | 61,765 |
Account payable | 19 |  | 229,104 |  |  | 229,104 |  |  | 229,104 |  |  | — |  |  | — |
Account payable to related parties | 19 |  | 1,624 |  |  | 1,624 |  |  | 1,624 |  |  | — |  |  | — |
|  |  | $ | 2,231,232 |  |  | $ | 2,486,924 |  |  | $ | 606,669 |  |  | $ | 1,083,543 |  |  | $ | 796,712 |
December 31, 2023
| Note |  | Carrying amount |  | Contractual cash flow |  | Less than twelve months |  | Between 1 and 4 years |  | More than 4 years
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings | 18 |  | $ | 1,462,691 |  |  | $ | 1,624,325 |  |  | $ | 256,216 |  |  | $ | 780,090 |  |  | $ | 588,019 |
Lease liability | 14 |  | 283,657 |  |  | 322,858 |  |  | 80,513 |  |  | 195,340 |  |  | 47,005 |
Account payable | 19 |  | 182,303 |  |  | 182,303 |  |  | 182,303 |  |  | — |  |  | — |
Account payable to related parties | 19 |  | 1,228 |  |  | 1,228 |  |  | 1,228 |  |  | — |  |  | — |
|  |  | $ | 1,929,879 |  |  | $ | 2,130,714 |  |  | $ | 520,260 |  |  | $ | 975,430 |  |  | $ | 635,024 |
Summary of Carrying Amount and Fair Values of Financial Assets and Financial Liabilities | Set out below is a comparison, by class, of the carrying amounts and fair values of the Company’s financial instruments, other than those with carrying amounts that are reasonable approximations of fair values:
|  |  | Carrying amount |  | Fair Value
| Note |  | 2024 |  | 2023 |  | 2024 |  | 2023
Financial assets |  |  |  |  |  |  |  |  |
Long-term investments | 9 |  | 248,936 |  |  | 258,934 |  |  | 250,008 |  |  | 260,534 |
Financial liabilities |  |  |  |  |  |  |  |  |
Loans and borrowings | 18 |  | 1,670,807 |  |  | 1,462,691 |  |  | 1,710,529 |  |  | 1,494,124 |
Summary of Company's financial instruments measured at fair value | The following chart summarizes the Company’s financial instruments measured at fair value, classified according to the valuation method:
| Fair value measurement as of reporting date
| 2024 |  | Quoted prices in active markets (Level 1) |  | Significant observable inputs (Level 2) |  | Significant unobservable inputs (Level 3)
Recurring fair value measurements |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Investment fund | 107,757 |  |  | 107,757 |  |  | — |  |  | — |
Derivatives that do not qualify for hedge accounting- |  |  |  |  |  |  |
Foreign currency forward | 1,410 |  |  | 1,410 |  |  | — |  |  | — |
Total assets | $ | 109,167 |  |  | $ | 109,167 |  |  | $ | — |  |  | $ | — |
The fair value of derivatives that do not qualify for hedge accounting is the present value of future cash flows based on forward exchange rates at the reporting date.
| Fair value measurement as of reporting date
| 2023 |  | Quoted prices in active markets (Level 1) |  | Significant observable inputs (Level 2) |  | Significant unobservable inputs (Level 3)
Recurring fair value measurements |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Investment fund | 102,063 |  |  | 102,063 |  |  | — |  |  | — |
Total assets | $ | 102,063 |  |  | $ | 102,063 |  |  | $ | — |  |  | $ | — |

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