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Consolidated Statement of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net loss and comprehensive loss $ (10,825) $ (22,022) [1] $ (19,729) [1]
Items not affecting cash:      
Depreciation and amortization 8,049 6,875 [2] 3,489 [2]
Post media warrant and setup fee expenses 274 187 [2] 558 [2]
Gain on acquisition (14,786) [2] [2]
Other 286 [2] [2]
Impairment of equipment 1,105 [2] 118 [2]
Provision for loan losses 19,899 18,406 [2] 13,343 [2]
Credit facility and debenture interest expense 19,787 17,389 [2] 14,681 [2]
Stock based compensation expense 1,732 1,320 [2] 1,343 [2]
Unrealized loss (gain) on derivative liability 570 (1,733) [1] 2,207 [1]
Unrealized foreign exchange (gain) loss (296) 668 [2] (403) [2]
Unrealized gain on investment portfolio (100) [2] [2]
Cash flows from (used in) operations before changes in working capital 24,590 22,195 [2] 15,607 [2]
Changes in:      
Net issuance of loans receivable (22,207) (36,428) [2] (24,927) [2]
Investment tax credits 343 [2] (186) [2]
Prepaid expenses, deposits and other assets 239 (1,824) [2] (462) [2]
Accounts payable and accruals (323) 1,412 [2] 1,474 [2]
Cash generated from operating activities 2,299 (14,302) [2] (8,494) [2]
Interest paid (17,509) (14,901) (12,864) [2]
Net cash used in operating activities (15,210) (29,203) [2] (21,358) [2]
Investing activities      
Purchases of property and equipment (647) (3,409) [2] (404) [2]
Investment in intangible assets (8,438) (7,644) [2] (5,017) [2]
Net cash used in investing activities (9,085) (11,053) [2] (5,421) [2]
Financing activities      
Net proceeds from issuance of convertible debentures [2] 13,528 [2]
Net proceeds from issuance of common shares [2] 24,397 [2]
Cash acquired upon acquisition of Difference Capital Financial Inc. 10,246 [2]
Proceeds from sale of investment 2,114 [2] [2]
Lease liabilities – principal payments (833) [2] [2]
Net advances from debentures 2,201 1,410 [2] [2]
Net advances from credit facilities (225) 18,414 [2] 10,642 [2]
Cash payments on options exercised 770 311 [2] 148 [2]
Net cash provided by financing activities 14,273 20,135 [2] 48,715 [2]
Net decrease in cash (10,022) (20,121) [2] 21,936 [2]
Cash and cash equivalent, beginning of year [2] 20,439 40,560 18,624
Cash and cash equivalent, end of year $ 10,417 $ 20,439 [2] $ 40,560 [2]
[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.
[2] The consolidated statement of cash flows for the years ended December 31, 2019 and December 31, 2018 reflects the adoption of IFRS 16 on January 1, 2019 and IFRS 9 on January 1, 2018. The comparative information has not been restated.