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ACCOUNT RECEIVABLE, NET | 6 Months Ended
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Jun. 30, 2025
Receivables [Abstract] |
ACCOUNT RECEIVABLE, NET | ACCOUNTS RECEIVABLE, NET Accounts receivable balances are composed of trade and unbilled receivables. Unbilled accounts receivable represent revenue recorded in advance of processing formal invoices pursuant to the completion of contract provisions and, generally, become billable at contractually specified dates. Unbilled receivables of $7,718 and $5,925 as of June 30, 2025 and December 31, 2024, respectively, are expected to be invoiced and collected within one year. The Company records accounts receivable when its right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditioned on satisfaction of future performance obligations. Accounts receivable, net, are stated at the amount the Company expects to collect, which is net of estimated losses resulting from the inability of its customers to make required payments. The Company generally establishes customer credit limits and estimates the allowance for credit losses on a country or geographic basis. Customer credit limits are based upon an initial evaluation of the customer’s credit quality and we adjust that limit accordingly based upon ongoing credit assessments of the customer, including payment history and changes in credit quality. The allowance for expected credit losses is determined based on an assessment of past collection experience as well as consideration of current and future economic conditions and changes in our customer collection trends. The following table summarizes the components of “Accounts receivable, net” as presented on the Condensed Consolidated Balance Sheets:
| June 30, |  | December 31, |
Accounts Receivable: | 2025 |  | 2024 |
Billed receivables | $ | 16,036 |  |  | $ | 14,559 |  |
Unbilled receivables | 7,718 |  |  | 5,925 |  |
Accounts Receivable, Gross | $ | 23,754 |  |  | $ | 20,484 |  |
Allowance for expected credit losses | (205) |  |  | (391) |  |
Accounts Receivable, Net | $ | 23,549 |  |  | $ | 20,093 |  |
The following table summarizes the total provision for expected credit losses and write-offs:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Beginning balance | $ | 227 |  |  | $ | 367 |  |  | $ | 391 |  |  | $ | 378 |
Provision for expected credit losses | 13 |  |  | 11 |  |  | 19 |  |  | 3 |
Write-offs | (35) |  |  | — |  |  | (205) |  |  | (3) |
Ending Balance | $ | 205 |  |  | $ | 378 |  |  | $ | 205 |  |  | $ | 378 |

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- 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 + Details
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- References No definition available. + Details
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