| SCHEDULE OF ACCOUNTS RECEIVABLE, NET AND TOTAL PROVISION FOR EXPECTED CREDIT LOSSES AND WRITE-OFFS |
The
following table summarizes the components of “Accounts receivable, net” as presented on the Condensed Consolidated Balance
Sheets:
SCHEDULE OF ACCOUNTS RECEIVABLE, NET AND TOTAL PROVISION FOR EXPECTED CREDIT LOSSES AND WRITE-OFFS
| | |
June
30, | | |
December
31, | |
| Accounts
Receivable: | |
2026 | | |
2025 | |
| Billed
receivables | |
$ | 31,187 | | |
$ | 28,535 | |
| Unbilled
receivables | |
| 4,042 | | |
| 6,960 | |
| Accounts
Receivable, Gross | |
| 35,229 | | |
| 35,495 | |
| Allowance
for expected credit losses | |
| (289 | ) | |
| (275 | ) |
| Accounts
Receivable, Net | |
$ | 34,940 | | |
$ | 35,220 | |
The
following table summarizes the total provision for expected credit losses and write-offs:
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
Months Ended June
30, | | |
Six
Months Ended June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Beginning
balance | |
$ | 310 | | |
$ | 227 | | |
$ | 275 | | |
$ | 391 | |
| Provision
for expected credit losses | |
| 158 | | |
| 13 | | |
| 209 | | |
| 19 | |
| Write-offs | |
| (179 | ) | |
| (35 | ) | |
| (195 | ) | |
| (205 | ) |
| Ending
Balance | |
$ | 289 | | |
$ | 205 | | |
$ | 289 | | |
$ | 205 | |
|
The
following table summarizes the components of “Accounts receivable, net” as presented on the Consolidated Balance Sheets:
SCHEDULE OF ACCOUNTS RECEIVABLE, NET AND TOTAL PROVISION FOR EXPECTED CREDIT LOSSES AND WRITE-OFFS
| | |
| | |
| |
| | |
As
of December 31, | |
| Accounts
Receivable: | |
2025 | | |
2024 | |
| Billed
receivables | |
$ | 28,535 | | |
$ | 14,559 | |
| Unbilled
receivables | |
| 6,960 | | |
| 5,925 | |
| Accounts
Receivable, Gross | |
$ | 35,495 | | |
$ | 20,484 | |
| Allowance
for expected credit losses | |
| (275 | ) | |
| (391 | ) |
| Accounts
Receivable, Net | |
$ | 35,220 | | |
$ | 20,093 | |
The
following table summarizes the total provision for expected credit losses and write-offs:
| | |
| | |
| |
| | |
For
The Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Beginning
balance | |
$ | 391 | | |
$ | 378 | |
| Provision
for expected credit losses | |
| 103 | | |
| 24 | |
| Write-offs
and other | |
| (317 | ) | |
| (11 | ) |
| Allowance
for expected credit losses, assumed from the acquisition of Star Operating Companies | |
| 98 | | |
| - | |
| Ending
Balance | |
$ | 275 | | |
$ | 391 | |
|