v3.25.4
Accounts Receivable
12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Accounts Receivable
NOTE 5 – ACCOUNTS RECEIVABLE
Accounts receivable consist of the following:
As of December 31,
dollars in thousands
20252024
Trade accounts receivable$835 $3,213 
Contract assets2,250 1,746 
Foreign tax receivable105 986 
Total accounts receivable$3,190 $5,945 
Substantially all accounts receivable at December 31, 2025, are expected to be collected in 2026. The Company does not believe it has significant exposure to credit risk, as accounts receivable and the contract assets amounts are primarily from contracts associated with the U.S. Government. Foreign tax receivable consists primarily of value-added taxes charged by the Spanish government. Refer to “Note 2 – Summary of Significant Accounting Policies” for further discussion on Contract assets.