v3.26.1
Allowance for Credit Losses
6 Months Ended
Jun. 30, 2026
Allowance for Credit Losses  
Allowance for Credit Losses

Note 12 – Allowance for Credit Losses

 

The activity in the allowance for credit losses was as follows during the six-month period ended June 30, 2026 and the year ended December 31, 2025:

 

 

 

2026

 

 

2025

 

Balance at the beginning of the year

 

$98,954

 

 

$144,625

 

Provision/(reversal of provision) for bad debts

 

 

(61,219)

 

 

(55,668)

Charge-offs

 

 

 

 

 

9,997

 

Ending Balance

 

$37,735

 

 

$98,954

 

 

The allowance for credit losses at June 30, 2026 was $37,735, a decrease of $61,219 from December 31, 2025, primarily driven by improved collections experience and a reduction in aged receivables during the period.