NOTE
22 - VALUATION RESERVES
The
following table summarizes the activity in our valuation accounts during the fiscal years ended December 31, 2025 and 2024.
SCHEDULE OF
VALUATION ALLOWANCE
| | |
Balance
at | | |
Charged
to | | |
| | |
Balance
at | |
| | |
Beginning | | |
Costs
and | | |
Deductions | | |
End | |
| (in
thousands) | |
of
Period | | |
Expenses | | |
and
Other | | |
of
Period | |
| Year
Ended December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| Allowance
for Expected Credit Losses | |
$ | 391 | | |
$ | 103 | | |
$ | (219 | ) | |
$ | 275 | |
| Deferred
tax assets-valuation allowance | |
$ | 73,491 | | |
$ | 463 | | |
$ | (6,417 | ) | |
$ | 67,537 | |
| | |
| | | |
| | | |
| | | |
| | |
| Year
Ended December 31, 2024 | |
| | | |
| | | |
| | | |
| | |
| Allowance
for Expected Credit Losses | |
$ | 378 | | |
$ | 24 | | |
$ | (11 | ) | |
$ | 391 | |
| Deferred
tax assets-valuation allowance | |
$ | 183,453 | | |
$ | 456 | | |
$ | (110,418 | ) | |
$ | 73,491 | |
|