Other Receivables (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of Other Receivables, Net

As of December 31, 2021 and 2020, Sezzle’s notes receivable, related allowance for uncollectible accounts, and deferred net origination fees are recorded within the consolidated balance sheets as follows:

	2021		2020
Notes receivable, gross	$	162,341,675	$	95,398,668
Less allowance for uncollectible accounts:
Balance at beginning of year	(11,133,146)		(3,461,837)
Provision	(52,621,682)		(19,587,918)
Charge-offs, net of recoveries totaling $6,153,728 and $648,799, respectively	40,640,655		11,916,609
Total allowance for uncollectible accounts	(23,114,173)		(11,133,146)
Notes receivable, net of allowance	139,227,502		84,265,522
Deferred Sezzle income	(5,240,919)		(3,458,222)
Notes receivable, net	$	133,986,583	$	80,807,300

As of December 31, 2021 and 2020, the balance of other receivables, net, on the consolidated balance sheets is comprised of the following:

	2021		2020
Account reactivation fees receivable, net	$	1,325,443	$	804,060
Receivables from merchants, net	3,758,656		599,246
Other receivables, net	$	5,084,099	$	1,403,306

As of December 31, 2021 and 2020, Sezzle’s account reactivation fees receivable and related allowance for uncollectible accounts are recorded within the consolidated balance sheets as follows:

	2021		2020
Account reactivation fees receivable, gross	$	3,016,514	$	1,875,648
Less allowance for uncollectible accounts:
Balance at start of period	(1,071,588)		(483,518)
Provision	(6,128,851)		(2,347,733)
Charge-offs, net of recoveries totaling $1,273,319 and $71,110, respectively	5,509,368		1,759,663
Total allowance for uncollectible accounts	(1,691,071)		(1,071,588)
Account reactivation fees receivable, net	$	1,325,443	$	804,060