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Financial instruments-Risk management and fair value (Tables)
 12 Months Ended
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:

20242023
%
%
U.S. dollars
65.0 %64.3 %
Foreign currencies -
Brazilian real9.9 %7.7 %
Colombian peso8.1 %10.0 %
Mexican peso3.9 %3.5 %
Chilean peso3.2 %3.1 %
Canadian dollar1.8 %1.2 %
Argentinian peso1.6 %5.1 %
Other currencies6.5 %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:
20242023
Assets
Cash and cash equivalents$12,213 $15,858 
Accounts receivable, net72,842 108,767 
Other assets17,035 25,707 
Total assets$102,090 $150,332 
Liabilities
Accounts payable23,234 53,393 
Taxes payable60,285 38,157 
Other liabilities12,375 16,543 
Total liabilities$95,894 $108,093 
Net position$6,196 $42,239 
Summary of Movement in Allowance for Impairment for Short and Long-term Investments at Amortized Cost
The movement in the allowance for impairment for short and long-term investments at amortized cost for the year ended December 31 was as follows:
20242023
Balance at beginning of year$(2,258)$(2,955)
(Additions) / Reversal1,155 697 
Balance at end of year$(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 rate0.0%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 rate0.0%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 borrowings18$1,670,807 $1,872,779 $302,202 $835,630 $734,947 
Lease liability14329,697 383,417 73,739 247,913 61,765 
Account payable19229,104 229,104 229,104 — — 
Account payable to related parties191,624 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 borrowings18$1,462,691 $1,624,325 $256,216 $780,090 $588,019 
Lease liability14283,657 322,858 80,513 195,340 47,005 
Account payable19182,303 182,303 182,303 — — 
Account payable to related parties191,228 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 amountFair Value
 Note2024202320242023
Financial assets
Long-term investments9248,936 258,934 250,008 260,534 
Financial liabilities
Loans and borrowings181,670,807 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 fund107,757 107,757 — — 
Derivatives that do not qualify for hedge accounting-
Foreign currency forward1,410 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
2023Quoted
prices in
active
markets
(Level 1)		Significant
observable
 inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Recurring fair value measurements
Assets
Investment fund102,063 102,063 — — 
Total assets$102,063 $102,063 $— $—