As described in Note 2, the Company’s accounts receivable are primarily related to the operations of its asset liquidation business. With respect to auction proceeds and asset dispositions, including NLEX’s accounts receivable brokerage transactions, the assets are not released to the buyer until payment has been received. The Company, therefore, is not exposed to significant collectability risk relating to these receivables. Given this experience, together with the ongoing business relationships between the Company and its joint venture partners, the Company has not historically required a formal credit quality assessment in connection with these activities. The Company has not experienced any significant collectability issues with its accounts receivable. As the Company’s asset liquidation business expands, more comprehensive credit assessments may be required.

The Company's allowance for doubtful accounts was approximately $122,000 and $0 as of December 31, 2021 and 2020, respectively.

Accounts payable and accrued liabilities consisted of the following at December 31, 2021 and 2020 (in thousands):


	2021		2020
Due to auction clients	$	6,433	$	8,026
Remuneration and benefits		1,909		2,498
Due to Joint Venture partners		402		1,349
Sales and other taxes		226		831
Accrued asset liquidation expenses		1,340		346
Accounting, auditing and tax consulting		184		166
Customer deposits		407		—
Other		343		393
Total accounts payable and accrued liabilities	$	11,244	$	13,609