ACCOUNTS RECEIVABLE

12 Months Ended

Mar. 31, 2026

NOTE 4 — ACCOUNTS RECEIVABLE

Orion’s accounts receivable are due from companies in the commercial, governmental, industrial and agricultural industries, as well as wholesalers. Credit is extended based on an evaluation of a customer’s financial condition. Generally, collateral is not required for end users; however, the payment of certain trade accounts receivable from wholesalers is secured by irrevocable standby letters of credit and/or guarantees. Accounts receivable are generally due within 30 days. Orion's accounts receivable and allowance for credit losses balances were as follows (dollars in thousands):


	2026			2025
Accounts receivable, gross	$	16,514		$	12,909
Allowance for credit losses		(174	)		(64	)
Accounts receivable, net	$	16,340		$	12,845

Changes in Orion’s allowance for credit losses were as follows (dollars in thousands):


	Fiscal Year Ended March 31,
	2026			2025			2024
Beginning of period	$	(64	)	$	(72	)	$	(86	)
Reserve adjustment		—			14			—
Credit loss/bad debt expense		(110	)		(392	)		(170	)
Write-off		—			386			184
End of period	$	(174	)	$	(64	)	$	(72	)