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SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

SIGNIFICANT ACCOUNTING POLICIES

Schedule of purchased and collected principal amounts associated with Capital Advance (CA) receivables

During the three months ended March 31, 2021 and 2020, the Company has purchased and collected the following principal amounts associated with CAs:

CA receivable, gross, December 31, 2020		$	67,682
CA extended to customers			104,381
Revenue earned in the period but not collected			901
Revenue collected in the period but not earned			(782)
CA collected from customers			(97,638)
Exchange rate adjustments			(627)
Charge-offs, net of recoveries			(292)
CA receivable, gross, March 31, 2021		$	73,625
Allowance for CA losses, March 31, 2021			(1,593)
CA receivable, net, March 31, 2021		$	72,032

CA receivable, gross, December 31, 2019		$	60,636
CA extended to customers			48,513
Revenue earned in the period but not collected			587
Revenue collected in the period but not earned			(656)
CA collected from customers			(74,897)
Exchange rate adjustments			(445)
Charge-offs, net of recoveries			(248)
CA receivable, gross, March 31, 2020		$	33,490
Allowance for CA losses, March 31, 2020			(1,080)
CA receivable, net, March 31, 2020		$	32,410

During the years ended December 31, 2020 and 2019, the Company has purchased and collected the following principal amounts associated with CAs:

CA receivable, gross, January 1, 2020		$	60,636
CA extended to customers			265,592
Revenue earned but not collected			782
Revenue collected but not earned			(656)
CA collected from customers			(259,134)
Exchange rate adjustments			970
Charge-offs, net of recoveries			(508)
CA receivable, gross, December 31, 2020		$	67,682
Allowance for CA losses, December 31, 2020			(1,587)
CA receivable, net, December 31, 2020		$	66,095

CA receivable, gross, January 1, 2019		$	16,909
CA extended to customers			171,126
Revenue earned but not collected			656
Revenue collected but not earned			(122)
CA collected from customers			(128,003)
Exchange rate adjustments			170
Charge-offs, net of recoveries			(100)
CA receivable, gross, December 31, 2019		$	60,636
Allowance for CA losses, December 31, 2019			(900)
CA receivable, net, December 31, 2019		$	59,736

Schedule of current and overdue amounts of CAs

The outstanding gross balance at March 31, 2021 consists of the following current and overdue amounts:

				1‑30 days						Above 90
Total		Current		overdue		30‑60 overdue		60‑90 overdue		overdue
73,625		72,024		404		113		204		880

The outstanding gross balance at December 31, 2020 consists of the following current and overdue amounts:

				1‑30 days						Above 90
Total		Current		overdue		30‑60 overdue		60‑90 overdue		overdue
67,682		66,018		263		129		218		1,054

The outstanding gross balance at December 31, 2020 consists of the following current and overdue amounts:

Total		Current		1 - 30 days overdue		30 - 60 overdue		60 - 90 overdue		Above 90 overdue
67,682		66,018		263		129		218		1,054

The outstanding gross balance at December 31, 2019 consists of the following current and overdue amounts:

Total		Current		1 - 30 days overdue		30 - 60 overdue		60 - 90 overdue		Above 90 overdue
60,636		58,468		1,373		619		96		80

Schedule of current and overdue balances CAs that are segregated into the timing of expected collections

The following are current and overdue balances from above that are segregated into the timing of expected collections at March 31, 2021:

				Due in less than		Due in		Due in		Due in more than
Total		Overdue		30 days		30‑60 days		60‑90 days		90 days
73,625		1,601		15,202		23,963		28,957		3,902

The following are current and overdue balances from above that are segregated into the timing of expected collections at December 31, 2020:

				Due in less than		Due in		Due in		Due in more than
Total		Overdue		30 days		30‑60 days		60‑90 days		90 days
67,682		1,664		10,143		19,726		34,979		1,170

The following are current and overdue balances from above that are segregated into the timing of expected collections at December 31, 2020:

				Due in less than						Due in more than
Total		Overdue		30 days		Due in 30 - 60 days		Due in 60 - 90 days		90 days
67,682		1,664		10,143		19,726		34,979		1,170

The following are current and overdue balances from above that are segregated into the timing of expected collections at December 31, 2019:

				Due in less than						Due in more than
Total		Overdue		30 days		Due in 30-60 days		Due in 60-90 days		90 days
60,636		2,168		10,857		16,016		31,595		—

Schedule of rollforward for the allowance for CA losses ("ALCAL")

Below is a rollforward for the allowance for CA losses (“ALCAL”) for the three months ended March 31, 2021 and 2020:

ALCAL balance, December 31, 2020		$	1,587
Provision for ALCAL			1,595
Recoveries for ALCAL			(1,268)
CA receivables charged off			(321)
ALCAL balance, March 31, 2021		$	1,593

ALCAL balance, December 31, 2019		$	900
Provision for ALCAL			2,566
Recoveries for ALCAL			(2,100)
CA receivables charged off			(286)
ALCAL balance, March 31, 2020		$	1,080

Below is a rollforward for the ALCAL for the years ending December 31, 2020 and 2019:

ALCAL balance, January 1, 2019		$	153
Provision for ALCAL			2,701
Recoveries for ALCAL			(1,854)
CA receivables charged off			(100)
ALCAL balance, December 31, 2019		$	900

ALCAL balance, January 1, 2020		$	900
Provision for ALCAL			5,723
Recoveries for ALCAL			(4,247)
CA receivables charged off			(789)
ALCAL balance, December 31, 2020		$	1,587

Schedule of revenue disaggregated by primary geographical market

		Three months ended March 31,
		2021			2020
Primary geographical markets
Greater China(1)		$	39,614		$	25,952
United States			8,053			15,934
All other countries(2)			52,939			40,073
Total revenues		$	100,606		$	81,959

(1) Greater China is inclusive of mainland China, Hong Kong and Taiwan

(2) No single country included in the other countries category generated more than 10% of total revenue

		Year Ended December 31,
		2020			2019			2018
Primary geographical markets
Greater China(1)		$	127,307		$	103,531		$	98,146
United States			38,729			69,016			49,997
All other countries(2)			179,556			145,203			111,992
Total revenues		$	345,592		$	317,750		$	260,135

(1) Greater China is inclusive of mainland China, Hong Kong and Taiwan

(2) No single country included in the other countries category generated more than 10% of total revenue

Schedule of revenue recognized from contracts with customers as well as revenue from other sources

		Three months ended March 31,
		2021			2020
Revenue recognized at a point in time		$	97,343		$	76,648
Revenue recognized over time			2,734			1,856
Revenue from contracts with customers			100,077			78,504
Revenue from other sources			529			3,455
Total revenues		$	100,606		$	81,959

		Year Ended December 31,
		2020			2019			2018
Revenue recognized at a point in time		$	332,939		$	297,077		$	252,268
Revenue recognized over time			6,652			3,456			—
Revenue from contracts with customers			339,591			300,533			252,268
Revenue from other sources			6,001			17,217			7,867
Total revenues		$	345,592		$	317,750		$	260,135

Schedule of deferred customer acquisition costs

Opening balance as of January 1, 2021		$	8,976
Additions to deferred customer acquisition costs			2,628
Amortization of deferred customer acquisition costs			(2,089)
Ending balance as of March 31, 2021		$	9,515

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