Accounts Receivables & Allowance for Doubtful Receivables

3 Months Ended

Mar. 31, 2022

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts Receivables & Allowance for Doubtful Receivables

4. Accounts Receivables & Allowance for Doubtful Receivables

The Company maintains an allowance for doubtful receivables that in management’s judgement reflects losses inherent in the portfolio. Changes in the allowance for doubtful trade receivables for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

	Three months ended March 31,
	2022			2021
Beginning balance	$	3,724		$	2,093
Provision for bad debt		1,386			750
Net write-offs
Write-offs		(2,460	)		(1,754	)
Recoveries		878			1,502
Net write-offs		(1,582	)		(252	)
Ending balance	$	3,528		$	2,591

Changes in the allowance for doubtful finance receivables for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

	Three months ended March 31,
	2022			2021
Beginning balance	$	636		$	40
Provision for bad debt		407			27
Net write-offs
Write-offs		(369	)		(6	)
Recoveries		30			-
Net write-offs		(339	)		(6	)
Ending balance	$	704		$	61