XML 29 R19.htm IDEA: XBRL DOCUMENT

RESTRUCTURING ACTIVITIES	6 Months Ended
RESTRUCTURING ACTIVITIES	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	RESTRUCTURING ACTIVITIES On January 26, 2023, and in connection with our previously announced near-term strategy to focus on being an innovative, efficient, risk oriented fintech with a partner bank model, the Company committed to a targeted Profit Enhancement Plan (the “PEP”) that is intended to reduce operating costs, improve operating margins, improve operating cash flow, and continue advancing the Company’s ongoing commitment to profitable growth and continued innovation, and direct the Company’s resources toward its best opportunities. The Company completed a workforce reduction of approximately 8 and 61 employees during the six months ended June 30, 2024 and 2023, respectively. The Company’s workforce reduction expenses, consisting of severance and other termination benefits for the three and six months ended June 30, 2024 and 2023, totaled $0.1 million and $0.2 million, respectively, and totaled $0.3 million and $1.0 million for the three and six months ended June 30, 2023, and are recorded in Restructuring, merger, and acquisition related expenses on the unaudited Consolidated Statements of Income (Loss). Less than $0.1 million of these expenses were incurred but not paid at June 30, 2024 and are included in Accounts payable and accrued liabilities on the unaudited Consolidated Balance Sheets.