Accounts Receivable, Net and Unbilled Receivables

12 Months Ended

Oct. 31, 2020

Accounts Receivable, Net and Unbilled Receivables

Note 5. Accounts Receivable, Net and Unbilled Receivables

Accounts receivable, net and unbilled receivables as of October 31, 2020 and 2019 consisted of the following (in thousands):

	2020		2019
Commercial customers:
Amount billed	$	7,329	$	2,227
Unbilled receivables ⁽¹⁾		7,063		6,139
		14,392		8,366

Advanced Technologies (including U.S. Government⁽²⁾):
Amount billed		2,234		1,065
Unbilled receivables		978		1,545
		3,212		2,610
Accounts receivable, net and unbilled receivables	$	17,604	$	10,976

(1)	Additional long-term unbilled receivables of $8.9 million and $3.6 million are included within “Other Assets” as of October 31, 2020 and 2019, respectively.

(2)	Total U.S. government accounts receivable, including unbilled receivables, outstanding as of October 31, 2020 and 2019 were $1.1 million and $1.2 million, respectively.

We bill customers for power platform and power platform component sales based on certain contractual milestones being reached. We bill service agreements based on the contract price and billing terms of the contracts. Generally, our Advanced Technologies contracts are billed based on actual revenues recorded, typically in the subsequent month. Some Advanced Technologies contracts are billed based on contractual milestones or costs incurred. Unbilled receivables relate to revenue recognized on customer contracts that have not been billed.

The Company had no allowance for doubtful accounts as of October 31, 2020 and 2019. Uncollectible accounts receivable are charged against the allowance for doubtful accounts when all collection efforts have failed and it is deemed unlikely that the amount will be recovered.