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Other non-operating (income) expenses | 12 Months Ended
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Dec. 31, 2020
Other Non Operating Income Expenses [Abstract] |
19. Other non-operating (income) expenses |
19. | Other non-operating (income) expenses
|  | 2020 |  |  | 2019 |
Gain on sale of loan book |  |  | (1,676 | ) |  |  | — |
Credit facility prepayment and related expenses |  |  | 2,608 |  |  |  | — |
Convertible debenture early conversion |  |  | 927 |  |  |  | — |
Gain on amendment of debentures |  |  | (765 | ) |  |  | — |
Government grant |  |  | (3,201 | ) |  |  | — |
Restructuring and other |  |  | 938 |  |  |  | 543 |
|  |  | (1,169 | ) |  |  | 543 |
On February 28, 2020, Mogo completed the Liquid Sale and recognized a gain on sale of loan book amounting to $1,676 (refer to Note 4). On the same date, Mogo repaid and extinguished its Credit Facility – Liquid and recognized an early prepayment expense of $2,500 as a result of paying down the facility in advance of the maturity date (refer to Note 12). Mogo also recognized $108 of other related legal and termination expenses in connection with the transactions. Due to the outbreak of COVID-19, the Government of Canada announced the Canadian Emergency Wage Subsidy (“CEWS”) to support companies that have experienced a certain level of revenue decline in their operations. Mogo has determined that it qualifies for the CEWS and has made an accounting policy election to record the grant on a gross basis. As a result, Mogo has recorded other non-operating income of $3,201 for the year ended December 31, 2020.

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- Definition The entire disclosure for other non-operating (income) expenses. + References No definition available. + Details
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- Definition Other non-operating (income) expenses. + References No definition available. + Details
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