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ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2024

Credit Loss [Abstract]

ACCOUNTS RECEIVABLE

5. ACCOUNTS RECEIVABLE

The gross and realizable value of accounts receivable are detailed as follows:

 SCHEDULE OF ACCOUNT RECEIVABLES

		2024				2023
		December 31,
		2024				2023
		(in thousands)
Accounts receivable		$	33,544			$	49,682
Allowance for credit losses			(15,567	)			(14,979	)
Total		$	17,977			$	34,703

Changes in allowances for credit losses consisted of:

 SCHEDULE OF CHANGES IN ALLOWANCES FOR CREDIT LOSSES

		Allowance for
		Estimated Credit Losses
		(in thousands)
Balance at December 31, 2022		$	(14,067	)
Current period provision for expected credit losses			(87	)
Foreign currency exchange adjustments			(825	)
Balance at December 31, 2023		$	(14,979	)
Current period provision for expected credit losses			(895	)
Foreign currency exchange adjustments			307
Balance at December 31, 2024		$	(15,567	)

FORAFRIC GLOBAL PLC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Continued)

X

- Definition

The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/326/tableOfContent

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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