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Consolidated Statement of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net loss and comprehensive loss $ (13,445) $ (10,825)
Items not affecting cash:    
Depreciation and amortization 8,414 8,049
Non-cash warrant expense 670 274
Gain on acquisition   (14,786)
Provision for loan losses 9,451 19,899
Credit facility and debenture interest expense 12,364 19,026
Accretion related to debentures 963 761
Stock based compensation expense 1,371 1,732
Revaluation losses 2,426 276
Other non-operating (income) expenses (606) 184
Cash flows from (used in) operations before changes in working capital 21,608 24,590
Changes in:    
Net collection (issuance) of loans receivable 2,080 (22,207)
Proceeds from sale of loan book 31,572  
Prepaid expenses, deposits and other assets 513 239
Accounts payable and accruals (3,328) (323)
Cash generated from operating activities 52,445 2,299
Interest paid (8,640) (17,509)
Cash provided by (used in) operating activities 43,805 (15,210)
Investing activities    
Purchases of property and equipment (23) (647)
Investment in intangible assets (4,796) (8,438)
Cash used in investing activities (4,819) (9,085)
Financing activities    
Investment portfolio (150)  
Cash acquired upon acquisition of Difference Capital Financial Inc.   10,246
Proceeds from sale of investment   2,114
Lease liabilities – principal payments (444) (833)
Net advances (repayments) from (on) debentures (399) 2,201
Net repayments on credit facilities (38,859) (225)
Proceeds against warrants conversion 2,011  
Cash received on options exercised 557 770
Cash provided by (used in) financing activities (37,284) 14,273
Net increase (decrease) in cash 1,702 (10,022)
Cash and cash equivalent, beginning of year 10,417 20,439
Cash and cash equivalent, end of year $ 12,119 $ 10,417