v3.26.1
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

NOTE 4—ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

 

The Company has historically experienced immaterial write-offs given the nature of the customers that receive credit. As of March 31, 2026, the Company had gross receivables of $846,000 and an allowance for credit losses of $6,000.

 

  

For the three

months ended

March 31,

2026

  

For the year

ended

December 31,

2025

 
   (in thousands) 
Accounts Receivable, net, beginning of period  $887   $1,933 
Accounts Receivable, net, end of period  $840   $887 

 

The following is a tabular reconciliation of the Company’s allowance for credit losses:

 

   March 31,
2026
  

December 31,

2025

 
  

For the three

months ended

March 31,
2026
  

For the year

ended

December 31,

2025

 
   (in thousands) 
Balance at beginning of period  $5   $4 
Increase in provision for credit losses   1    1 
Balance at end of period  $6   $5