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v3.21.1

Consolidated Statement of Operations and Comprehensive Loss shares in Thousands, $ in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 CAD ($) $ / shares shares | Dec. 31, 2019 CAD ($) $ / shares shares
Revenue |  |
Subscription and services | $ 19,114 | $ 25,311
Interest revenue | 25,131 | 34,494
Total revenue | 44,245 | 59,805
Cost of revenue |  |
Provision for loan losses, net of recoveries | 8,334 | 18,162
Transaction costs | 414 | 625
Cost of revenue | 8,748 | 18,787
Gross profit | 35,497 | 41,018
Operating expenses |  |
Technology and development | 12,989 | 14,989
Marketing | 4,831 | 9,412
Customer service and operations | 6,185 | 8,787
General and administration | 10,353 | 11,484
Total operating expenses | 34,358 | 44,672
Income (loss) from operations | 1,139 | (3,654)
Other expenses (income) |  |
Credit facility interest expense | 6,194 | 11,316
Debenture and other financing expense | 6,170 | 7,710
Accretion related to debentures and convertible debentures | 963 | 761
Gain on acquisition, net of transaction costs |  | (13,141)
Revaluation (gains) and losses | 2,426 | (18)
Other non-operating (income) expenses | (1,169) | 543
Other expenses (income) | 14,584 | 7,171
Net loss and comprehensive loss | $ (13,445) | $ (10,825)
Net loss per share |  |
Basic and fully diluted | $ / shares | $ (0.47) | $ (0.42)
Weighted average number of basic and fully diluted common shares (in 000’s) | shares | 28,873 | 25,545

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