v3.26.1
Advance Receivables and Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
June 30, 2026December 31,
2025
Advance receivable, gross$24,978 $27,110 
Less: allowance for expected credit losses(20,030)(19,873)
Advance receivables, net$4,948 $7,237 
The following table summarizes the Company’s notes receivable outstanding as of June 30, 2026 (in thousands):
Issuance DateMaturity DateStated RatePrincipalAccrued InterestCarrying Amount
PIXL Development, LLC5/7/20268/5/20268.00 %$500 $$506 
PIXL Development, LLC6/18/20269/16/20268.00 %90 — 90 
ENVY Development DE, LLC5/15/20268/13/20268.00 %500 505 
ENVY Development DE, LLC5/20/20268/17/20268.00 %500 505 
ENVY Development DE, LLC6/10/20269/8/20268.00 %100 — 100 
Total$1,690 $16 $1,706 
Accounts Receivable, Allowance for Credit Loss
The change in the allowance for expected credit losses on advance receivables for the six months ended June 30, 2026 and the year ended December 31, 2025, is summarized as follows (in thousands):

June 30, 2026December 31,
2025
Beginning balance$19,873 $19,035 
Current period provision251 1,774 
Write-offs(95)(945)
Recoveries
Ending Balance$20,030 $19,873