Accounts receivable, net |
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| Accounts receivable, net | Note 4 Accounts receivable, net
Accounts receivable, net consisted of the following (in thousands):
In some contracts with customers, the Company agreed to instalment payments exceeding 12 months. The present value of these contracts is recorded as a receivable as the revenue is recognized in accordance with GAAP, and profit is recognized to the extent the present value is in excess of cost. The present value of long-term receivables is , and the face value is as of December 31, 2025. The present value of long-term receivables is $4 thousand, and the face value is $5.0 thousand as of December 31, 2024.
The following table sets forth the activity in the Company’s allowance for credit losses (in thousands):
Unbilled revenue for the year ended December 31, 2025 was $15.0 thousand and $113.0 thousand for the year ended December 31, 2024.
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