v3.25.1
TRADE RECEIVABLES
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
TRADE RECEIVABLES

NOTE 4 – TRADE RECEIVABLES

 

Contract receivables for the years ended December 31, 2024 and 2023 consist of the following:

 

   2024   2023 
Accounts receivable, unfactored  $2,313   $2,819 
Unbilled receivables   97    - 
Accounts receivable, factored   2,375    174 
Total  $4,785   $2,993 

 

All the net trade receivables are pledged as collateral on a loan agreement. The unbilled receivables relate to services that were performed, and the related revenue was recognized but the Company has not invoiced for these services as of December 31, 2024.