Quarterly report [Sections 13 or 15(d)]

Note 7 - Accounts Receivable

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Note 7 - Accounts Receivable
6 Months Ended
Jun. 30, 2025
Accounts Receivable [Member]  
Notes to Financial Statements  
Accounts and Nontrade Receivable [Text Block]

Note 7. Accounts Receivable, net

 

At  June 30, 2025 and December 31, 2024, accounts receivable consisted of the following (in thousands):

 

   

June 30, 2025

   

December 31, 2024

 

Gross accounts receivable – trade

  $ 3,185     $ 5,036  

Less: allowance for credit losses

    (32 )     (141 )

Accounts receivable, net

  $ 3,153     $ 4,895  

 

The company revises its estimate of expected credit losses each reporting period based on current economic conditions and reasonable and supportable forecasts and, as a result, the allowance for credit losses was decreased by $0.1 million for the six months ended June 30, 2025

 

Accounts receivable – trade, net for the Company as of January 1, 2024 and  June 30, 2024 were approximately $8.9 million and $10.4 million, respectively.