ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2022

Accounts receivable, net primarily relate to billings for deposit processing services to our Partner Bank, MasterCard incentive income, uncollected university subscription and disbursement services fees, and receivables from our BaaS partners, and are recorded at face amounts less an allowance for doubtful accounts. Management evaluates accounts receivable and establishes the allowance for doubtful accounts based on historical experience, analysis of past due accounts, and other current available information.

Accounts receivable deemed to be uncollectible are individually identified and are charged-off against the allowance for doubtful accounts. The allowance for doubtful accounts was $0.1 million at September 30, 2022 and $0.1 million at December 31, 2021.


(amounts in thousands)	Beginning Balance		Additions		Reductions		Ending Balance
Allowance for doubtful accounts
Nine months ended September 30, 2022	$	79	$	137	$	(67)	$	149
Twelve months ended December 31, 2021	$	—	$	171	$	(92)	$	79