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Consolidated Statement of Operations and Comprehensive Loss - CAD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Subscription and services $ 25,311 $ 21,550 [1] $ 9,455 [1]
Interest revenue 34,494 26,889 [1] 18,571 [1]
Loan fees 8,111 [1] 17,522 [1]
Total revenue 59,805 56,550 [1] 45,548 [1]
Cost of revenue      
Provision for loan losses, net of recoveries 18,162 16,367 [1] 11,409 [1]
Transaction costs 625 567 [1] 535 [1]
Cost of revenue 18,787 16,934 [1] 11,944 [1]
Gross profit 41,018 39,616 [1] 33,604 [1]
Operating expenses      
Technology and development 14,989 15,028 [1] 11,660 [1]
Marketing 9,412 8,772 [1] 6,854 [1]
Customer service and operations 8,787 8,383 [1] 7,663 [1]
General and administration 11,484 11,661 [1] 10,334 [1]
Total operating expenses 44,672 43,844 [1] 36,511 [1]
Loss from operations (3,654) (4,228) [1] (2,907) [1]
Other expenses (income)      
Credit facility interest expense 11,316 9,353 [1] 7,178 [1]
Debenture and other financing expense 8,471 8,036 [1] 7,503 [1]
Unrealized exchange (gain) loss (296) 651 [1] (379) [1]
Change in fair value due to revaluation of derivative liability 570 (1,733) [1] 2,207 [1]
Gain on acquisition, net (13,141)
Gain on investment portfolio (294) [1] [1]
Unrealized gain on investment portfolio (100)
Impairment of equipment 1,105 [1] [1]
Other 645 382 [1] 313 [1]
Total other expenses 7,171 17,794 [1] 16,822 [1]
Net loss and comprehensive loss $ (10,825) $ (22,022) [1] $ (19,729) [1]
Net loss per share      
Basic and fully diluted $ (0.42) $ (0.97) [1] $ (1.07) [1]
Weighted average number of basic and fully diluted common shares (in 000’s) 25,545 22,714 [1] 18,381 [1]
[1] The consolidated statement of operations and comprehensive loss for fiscal year 2019 reflects the adoption of IFRS 16 on January 1, 2019, and for fiscal year 2018 reflects the adoption of IFRS 9 on January 1, 2018. The comparative information has not been restated.