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Contract Assets and Liabilities
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Contract Assets and Liabilities

4. CONTRACT ASSETS AND LIABILITIES

The balance of contract assets and liabilities consisted of the following (in thousands):

 

 

September 30,
2025

 

 

December 31,
2024

 

Contract assets:

 

 

 

 

 

 

Current

 

$

1,162

 

 

$

370

 

 

$

1,162

 

 

$

370

 

Contract liabilities:

 

 

 

 

 

 

Current

 

$

426

 

 

$

560

 

 

$

426

 

 

$

560

 

 

 

 

September 30,
2025

 

Estimate of when contract liabilities will be recognized as revenue:

 

 

 

Within 12 months

 

$

426

 

The current portion of contract assets is included in our accounts receivable. The current portion of contract liabilities is included in unearned revenues and, as applicable, the non-current portion of contract liabilities is included in other long-term liabilities.

We did not recognize any impairment losses on our contract assets during the three and nine months ended September 30, 2025 and 2024.