SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

SIGNIFICANT ACCOUNTING POLICIES

Schedule of purchased and collected principal amounts associated with Capital Advance (CA) receivables

During the nine months ended September 30, 2022 and 2021, the Company has purchased and collected the following principal amounts associated with CAs:

	September 30,
	2022		2021
Beginning CA receivables, gross	$	56,101	$	67,682
CA extended to customers		146,439		255,758
Change in revenue receivables		(129)		205
CA collected from customers		(163,395)		(270,520)
Charge-offs, net of recoveries		(2,059)		(654)
Ending CA receivables, gross	$	36,957	$	52,471
Allowance for CA losses		(3,629)		(5,173)
CA receivables, net	$	33,328	$	47,298

Schedule of current and overdue amounts of CAs

The outstanding gross balance at September 30, 2022 consists of the following current and overdue amounts:

			1‑30 days	30‑60	60‑90	Above 90
Total		Current	overdue	overdue	overdue	overdue
$	36,957	34,532	606	343	305	1,171

The outstanding gross balance at December 31, 2021 consists of the following current and overdue amounts:

			1‑30 days	30‑60	60‑90	Above 90
Total		Current	overdue	overdue	overdue	overdue
$	56,101	53,150	964	704	163	1,120

Schedule of current and overdue balances CAs that are segregated into the timing of expected collections

The following are current and overdue balances from above that are segregated into the timing of expected collections at September 30, 2022:

			Due in less	Due in 30‑60	Due in 60‑90	Due in more
Total		Overdue	than 30 days	days	days	than 90 days
$	36,957	2,425	4,358	11,529	12,268	6,377

The following are current and overdue balances from above that are segregated into the timing of expected collections at December 31, 2021:

			Due in less	Due in 30‑60	Due in 60‑90	Due in more
Total		Overdue	than 30 days	days	days	than 90 days
$	56,101	2,951	9,511	12,457	23,008	8,174

Schedule of rollforward for the allowance for CA losses ("ALCAL")

Below is a rollforward for the allowance for CA losses (“ALCAL”) for the nine months ended September 30, 2022 and 2021:

	September 30,
	2022		2021
Beginning balance	$	2,426	$	1,587
Adjustment for adoption of new accounting standard		2,505		—
Provisions		1,584		9,296
Recoveries		(827)		(5,056)
Charge-offs		(2,059)		(654)
Ending balance	$	3,629	$	5,173

Schedule of revenue disaggregated by primary geographical market

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Primary geographical markets
Greater China(1)	$	50,162	$	39,412	$	139,988	$	116,439
United States		20,675		16,731		58,985		38,100
All other countries(2)		88,080		66,508		245,092		179,645
Total revenues	$	158,917	$	122,651	$	444,065	$	334,184

(1) Greater China is inclusive of Mainland China, Hong Kong and Taiwan

(2) No single country included in the other countries’ category generated more than 10% of total revenue

Schedule of revenue recognized from contracts with customers as well as revenue from other sources

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Revenue recognized at a point in time	$	134,394	$	112,431	$	395,400	$	312,199
Revenue recognized over time		9,477		9,580		29,267		20,171
Revenue from contracts with customers		143,871		122,011		424,667		332,370
Revenue from other sources		15,046		640		19,398		1,814
Total revenues	$	158,917	$	122,651	$	444,065	$	334,184

Schedule of deferred customer acquisition costs

	September 30,
	2022		2021
Opening balance	$	11,366	$	8,976
Additions to deferred customer acquisition costs		9,002		7,930
Amortization of deferred customer acquisition costs		(9,365)		(6,442)
Ending balance	$	11,003	$	10,464