Accounts Receivable Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Accounts Receivable, Net | 5. Accounts Receivable, Net
The activity of the allowance for credit losses for accounts receivable for the six months ended June 30, 2026 and 2025 is as follows:
At June 30, 2026, based on its qualitative and quantitative analysis of Longfellow and its members, the Company determined that credit loss exposure is insignificant and did not provide for an allowance for credit losses related to the $9.4 million accounts receivable from Longfellow.
At June 30, 2026, the Company did not provide for an allowance for credit losses related to the $6.7 million accounts receivable related to the SGIP installations, as a result of the circumstances described under "Liquidity and Going Concern" in Note 2. In August and September 2026, the Company received a total of approximately $4.9 million related to its June 30, 2026 SGIP accounts receivable balance of $6.7 million. The Company believes the issues related to the delayed payments have been substantially resolved. |
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