XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

Member Cash Advances, Net | 9 Months Ended
--- | ---
Sep. 30, 2023
Receivables [Abstract] |
Member Cash Advances, Net | Note 5 Member Cash Advances, Net Below is a detail of Member cash advances, net as of September 30, 2023 (in thousands):
Days From Origination |  | Gross Member Advances |  |  | Allowance for Credit Losses |  |  | Member Advances, Net |
1-10 |  | $ | 86,578 |  |  | $ | (2,578 | ) |  | $ | 84,000 |
11-30 |  |  | 10,842 |  |  |  | (2,650 | ) |  |  | 8,192 |
31-60 |  |  | 7,159 |  |  |  | (4,612 | ) |  |  | 2,547 |
61-90 |  |  | 5,829 |  |  |  | (4,507 | ) |  |  | 1,322 |
91-120 |  |  | 6,474 |  |  |  | (5,411 | ) |  |  | 1,063 |
Total |  | $ | 116,882 |  |  | $ | (19,758 | ) |  | $ | 97,124 |
Below is a detail of Member cash advances, net as of December 31, 2022 (in thousands):
Days From Origination |  | Gross Member Advances |  |  | Allowance for Credit Losses |  |  | Member Advances, Net |
1-10 |  | $ | 91,121 |  |  | $ | (2,224 | ) |  | $ | 88,897 |
11-30 |  |  | 10,683 |  |  |  | (2,582 | ) |  |  | 8,101 |
31-60 |  |  | 9,022 |  |  |  | (5,529 | ) |  |  | 3,493 |
61-90 |  |  | 8,865 |  |  |  | (6,702 | ) |  |  | 2,163 |
91-120 |  |  | 8,993 |  |  |  | (7,464 | ) |  |  | 1,529 |
Total |  | $ | 128,684 |  |  | $ | (24,501 | ) |  | $ | 104,183 |
Member advances, net, represent outstanding advances, tips, and processing fees, net of direct origination costs, less an allowance for credit losses. The roll-forward of the allowance for credit losses is as follows (in thousands):
Opening allowance balance at January 1, 2023 |  |  |  | $ | 24,501 |
Plus: provision for credit losses |  |  |  |  | 43,861 |
Plus: amounts recovered |  |  |  |  | 9,422 |
Less: amounts written-off |  |  |  |  | (58,026 | )
Ending allowance balance at September 30, 2023 |  |  |  | $ | 19,758 |
Opening allowance balance at January 1, 2022 |  |  |  | $ | 11,995 |
Plus: provision for credit losses |  |  |  |  | 45,995 |
Plus: amounts recovered |  |  |  |  | 6,662 |
Less: amounts written-off |  |  |  |  | (42,536 | )
Ending allowance balance at September 30, 2022 |  |  |  | $ | 22,116 |

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-20/tableOfContent + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration