Accounts Receivable

6 Months Ended

Jun. 30, 2026

Accounts Receivable

Accounts Receivable

3.Accounts Receivable

Accounts receivable consists of the following (in thousands):


		June 30,			December 31,
		2026			2025
Gross Accounts receivable		$	49,492		$	48,606
Allowance for credit losses			(487)			(1,181)
Allowance for billing adjustments			(1,431)			(915)
Allowance for volume discounts			(14)			-
Accounts receivable, net		$	47,560		$	46,510

Effective January 1, 2026, the Company adopted ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets. The Company elected to apply the practical expedient permitted under the standard, which assumes that current conditions at the balance sheet date remain unchanged over the remaining life of the asset when estimating expected credit losses. The Company applied the standard prospectively to current accounts receivable and current contract assets arising from revenue contracts. Prior period amounts were not adjusted.

Activity in the allowance for credit losses for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2026			2025			2026			2025
Balance at beginning of period		$	1,349		$	1,205		$	1,181		$	1,256
Provision for expected credit losses			3			79			89			79
Recoveries collected			(845)			-			(845)			-
Write-offs against allowance			(18)			(16)			(32)			(71)
Foreign currency translation adjustment/reclassification			(2)			6			94			10
Balance at end of period		$	487		$	1,274		$	487		$	1,274