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Business combination (Tables)
12 Months Ended
Dec. 31, 2020
Business Combination Tables [Abstract]  
Schedule of business combination

 

 

Number of

common shares

 

Mogo Finance common shares outstanding at June 20, 2019

 

 

24,101,405

 

Less: Mogo Finance common shares already held by Difference (not exchanged for common shares in Difference)

 

 

(2,549,163

)

Difference common shares outstanding at June 20, 2019

 

 

5,725,821

 

Common shares of Mogo outstanding upon completion of the Business Combination

 

 

27,278,063

 

Common shares of Mogo Finance immediately before the Business Combination

 

 

24,101,405

 

Incremental issuance of common shares

 

 

3,176,658

 

 

Schedule of purchase consideration

 

Fair value of 3,176,658 incremental common shares issued

 

 

14,867

 

Fair value of replacement stock-based awards attributable to pre-acquisition service

 

 

682

 

Purchase consideration

 

 

15,549

 

 

Schedule of purchase price allocation

 

Cash and cash equivalents

 

 

10,246

 

Prepaid expenses, deposits and other assets

 

 

60

 

Investment portfolio

 

 

22,804

 

Accounts payable and accruals

 

 

(2,775

)

Fair value of net identifiable assets acquired

 

 

30,335

 

Purchase consideration

 

 

15,549

 

Gain on acquisition

 

 

14,786