v3.26.1
Accounts Receivable
 6 Months Ended
Jun. 30, 2026
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

Accounts receivable, net consisted of the following (in thousands):

 

    June 30,
2026		     December 31,
2025		  
    (unaudited)        
Accounts receivable   $ 1,204     $ 1,583  
Unbilled receivables     511       720  
Total receivables     1,715       2,303  
Less allowance for credit losses     (490 )     (300 )
Accounts receivable, net   $ 1,225     $ 2,003  

 

Credit loss expense was $130,000 for the three months ended June 30, 2026, and 2025. Credit loss expense was $280,000 and $220,000 for the six months ended June 30, 2026, and 2025, respectively. Write-offs charged against the allowance, net of recoveries was $90,000 and $437,000 for the six months ended June 30, 2026, and 2025, respectively. The amounts are included in general and administrative expenses in the condensed consolidated statements of operations.