v3.26.1
Accounts Receivable, Net
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Accounts Receivable, Net

4. Accounts Receivable, Net

Accounts receivable consisted of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Accounts receivable

 

$

113,468

 

 

$

246,463

 

Less — allowance for credit losses

 

 

(9,945

)

 

 

(16,089

)

Less — product return reserves

 

 

(2,586

)

 

 

(12,923

)

 

$

100,937

 

 

$

217,451

 

The Company’s allowance for credit losses is comprised of the following:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Balance at beginning of period

 

$

11,488

 

 

$

9,068

 

 

$

16,089

 

 

$

9,576

 

Additions (adjustments)

 

 

984

 

 

 

2,243

 

 

 

(2,975

)

 

 

3,116

 

Write-offs

 

 

(2,527

)

 

 

(159

)

 

 

(3,169

)

 

 

(1,542

)

Recoveries

 

 

—

 

 

 

1

 

 

 

—

 

 

 

3

 

Balance at end of period

 

$

9,945

 

 

$

11,153

 

 

$

9,945

 

 

$

11,153