v3.26.1
Accounts Receivable
 3 Months Ended
Mar. 31, 2026
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

Accounts receivable, net consisted of the following (in thousands):

 

   March 31,
2026		   December 31,
2025		 
   (unaudited)     
Accounts receivable  $1,384   $1,583 
Unbilled receivables   740    720 
Total receivables   2,124    2,303 
Less allowance for credit losses   (381)   (300)
Accounts receivable, net  $1,743   $2,003 

 

Credit loss expense was $150,000 and $90,000 for the three months ended March 31, 2026, and 2025, respectively. The amounts are included in general and administrative expenses in the condensed consolidated statements of operations.

 

The following table details the activity related to the Company’s allowance for credit losses for the three months ended March 31, 2026 (in thousands).

 

   Allowance for
credit losses		 
Outstanding balance, December 31, 2025  $300 
Current-period provision (release) for expected credit losses   150 
Write-offs charged against the allowance, net of recoveries and other   (69)
Outstanding Balance, March 31, 2026  $381