Accounts Receivable and Allowance for Credit Losses	9 Months Ended
Sep. 30, 2024
Accounts Receivable and Allowance for Credit Losses
Accounts Receivable and Allowance for Credit Losses	3. Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The allowance for credit losses is based on management’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of this allowance for credit losses by considering historical experience, the age of the accounts receivable balances, the credit quality of the customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect customers’ ability to pay to determine whether a specific reserve is appropriate. Accounts receivable deemed uncollectable are charged against the allowance for credit losses when identified. Accounts receivable, net of $6,667 and $6,125 as of September 30, 2024 and December 31, 2023, respectively, include $4,880 and $5,966, respectively, related to revenue recognized under ASC 606. As of September 30, 2024, the allowance for credit losses was $266. During the three months period ended September 30, 2024, the Company provided an additional reserve of $40 and recovered $17 from customers. During the nine months period ended September 30, 2024, the Company provided an additional reserve of $71 and recovered $92 from customers. The allowance for credit losses as of December 31, 2023, was $287.

Accounts Receivable and Allowance for Credit Losses

9 Months Ended

Sep. 30, 2024

Accounts Receivable and Allowance for Credit Losses

Accounts Receivable and Allowance for Credit Losses

3. Accounts Receivable and Allowance for Credit Losses

Accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The allowance for credit losses is based on management’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of this allowance for credit losses by considering historical experience, the age of the accounts receivable balances, the credit quality of the customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect customers’ ability to pay to determine whether a specific reserve is appropriate. Accounts receivable deemed uncollectable are charged against the allowance for credit losses when identified. Accounts receivable, net of $6,667 and $6,125 as of September 30, 2024 and December 31, 2023, respectively, include $4,880 and $5,966, respectively, related to revenue recognized under ASC 606.

As of September 30, 2024, the allowance for credit losses was $266. During the three months period ended September 30, 2024, the Company provided an additional reserve of $40 and recovered $17 from customers. During the nine months period ended September 30, 2024, the Company provided an additional reserve of $71 and recovered $92 from customers. The allowance for credit losses as of December 31, 2023, was $287.