Annual report pursuant to Section 13 and 15(d)

Trade Receivables

v3.22.0.1
Trade Receivables
12 Months Ended
Dec. 31, 2021
Accounts Receivable Net [Abstract]  
Trade Receivables

5. Trade Receivables

Trade receivables consisted of the following:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Credit card receivables

 

$

30,113

 

 

$

23,593

 

Independent dealers and customer credit accounts receivables, net

 

 

32,229

 

 

 

23,347

 

Total trade receivables, net

 

$

62,342

 

 

$

46,940

 

 

An allowance for credit losses is provided based on management’s evaluation of outstanding accounts receivable. The Company had reserved $1.1 million and $0.6 million for uncollectible independent dealers and customer credit accounts receivables as of December 31, 2021 and 2020, respectively.