Accounts Receivable, Net

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Accounts Receivable, Net

5. Accounts Receivable, Net

The accounts receivable, net as of December 31, 2022 and 2021 consisted of the following:

	December 31,			December 31,
	2022			2021
Accounts receivable	$	24,441		$	25,419
Less: Allowance for credit losses		(1,750	)		(2,820	)
Accounts receivable, net	$	22,691		$	22,599

The movements of allowance for credit losses are as follows:

	2022			2021
Balance as of January 1	$	2,820		$	245
Addition		1,223			2,760
Reversal		(2,216	)		(25	)
Written off		(59	)		(150	)
Foreign currency translation difference		(18	)		(10	)
Balance as of December 31	$	1,750		$	2,820

On March 18, 2018, SJ Australia entered into debtor finance agreements with Scottish Pacific Business Finance (“Scottish Pacific”). On February 26, 2021, SJ US entered into debtor finance agreements with LSQ, whereby LSQ provided SJ US invoice discounting facility. On December 28, 2022, SJ US settled all remaining loan balances and terminated debtor financing agreement with LSQ (see Note 13). As of December 31, 2022, all the outstanding accounts receivable of SJ Australia was pledged to Scottish Pacific for a total gross amount of $18,074. As of December 31, 2021, all the outstanding accounts receivable of SJ Australia and SJ US was pledged to Scottish Pacific and LSQ for a total gross amount of $18,112, respectively.