Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 89

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 89
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 losses, from sending agents is as follows (in thousands):June 30, 2025December 31, 2024Agent advances receivable, current$1,835 $2,260 Allowance for credit losses(191)(173)Net current$1,644 $2,087 Agent advances receivable, long-term$2,611 $2,315 Allowance for credit losses(172)(117)Net long-term$2,439 $2,198 The net current portion of agent advances receivable is included in prepaid expenses and other current assets (see Note 5), and the net long-term portion is included in other assets (see Note 5) in the condensed consolidated balance sheets. At June 30, 2025 and December 31, 2024, there were $4.4 million and $4.6 million, respectively, of agent advances receivable collateralized by personal guarantees from sending agents and assets from their businesses in case of a default by the agent.The maturities of agent advances receivable at June 30, 2025 are as follows (in thousands):Outstanding BalanceUnder 1 year$1,835 Between 1 and 2 years2,190 More than 2 years to 3 years421 Total$4,446 Allowance for Credit Losses

13

The changes in the allowance for credit losses related to accounts receivable and agent advances receivable are as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Beginning balance$4,432 $2,930 $3,836 $2,794 Provision1,858 1,776 3,924 3,371 Charge-offs(1,337)(995)(3,094)(2,842)Recoveries302 222 472 680 Other254 (23)371 (93)Ending Balance$5,509 $3,910 $5,509 $3,910 The allowance for credit losses allocated by financial instrument category is as follows (in thousands):June 30, 2025December 31, 2024Accounts receivable$5,146 $3,546 Agent advances receivable363 290 Allowance for credit losses$5,509 $3,836 

NOTE 5 – PREPAID EXPENSES AND OTHER ASSETS