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Other receivables
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Other receivables Accounts receivable, net
The Company recognizes current estimated credit losses (“CECL”) for trade receivables not subject to provisional pricing. The CECL for accounts receivable are estimated based on days past due consisting of a customers with similar risk characteristics that operate under similar economic environments. The Company determined the CECL based on an evaluation of certain criteria and evidence of collection uncertainty including client industry profile. When specific customers are identified as no longer sharing the same risk profile as their current pool, they are removed from the pool and evaluated separately.
The allowance for credit losses as at December 31, 2023 was $nil (December 31, 2022, October 31, 2022 and October 31, 2021: $nil) and no expected credit loss provisions were recognized for the year ended December 31, 2023.
Bad debt expense for the year ended December 31, 2023 was $1.2 million (for the 2 months ended December 31, 2022, for the years ended October 31, 2022 and October 31, 2021: $nil).
The following table summarizes the concentration of credit risk for the Company's accounts receivable with specific customers above 10% of the total balance:
Trade accounts receivable
As atDecember 31, 2023December 31, 2022October 31, 2022October 31, 2021
Customer B31.6 %34.2 %67.9 %45.0 %
Customer F32.5 %14.0 %9.5 %53.0 %
Customer E0.0 %31.5 %0.0 %0.0 %
Customer D0.0 %0.0 %0.0 %0.0 %
Customer A0.0 %0.0 %0.0 %0.0 %
Customer C0.0 %0.0 %0.0 %0.0 %
Accounts receivable are stated at the amount the Company expects to collect. The Company generally does not require collateral or other security in support of accounts receivable. To reduce credit risk, the Company performs ongoing credit evaluations of its customers’ financial condition.
Other receivables
As atDecember 31, 2023December 31, 2022October 31, 2022October 31, 2021
Non-trade receivable$—$3.5$2.0$—
Sales taxes receivable1.83.93.60.4
Other receivable0.12.42.10.5
Total other receivables$1.9$9.8$7.7$0.9
Other receivables consist primarily of interest receivable.