Note 3 - Accounts Receivable

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Accounts and Nontrade Receivable [Text Block]

3. Accounts Receivable, net

The Company estimates an allowance for credit losses with its accounts receivable resulting from the inability of its customers to make required payments, which is included in selling, general and administrative expenses in the accompanying consolidated statements of operations. In determining the adequacy of the allowance, management specifically analyzes individual accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current and reasonable and supportable forecasts of future economic conditions, accounts receivable aging trends, and changes in the Company’s customer payment terms.

The components of the Company’s accounts receivable are as follows:

	As of		As of
	September 30,		December 31,
	2023		2022
Accounts Receivable	$	36,256	$	36,235
Less: Allowance for credit losses		1,574		1,608
Net balance, end of period	$	34,682	$	34,627

A summary of activity in the allowance for credit losses is as follows:

	As of September 30,
	2023			2022
Balance, beginning of the period	$	1,608		$	1,442
Amounts provided		353			448
Amounts recovered		(279	)		(60	)
Amounts written off		(101	)		(124	)
Translation adjustments		(7	)		(140	)
Balance, end of period	$	1,574		$	1,566