Company: AWX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033887
Chunk: 6

Company: AVALON HOLDINGS CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 1,784                              3,030       3,022  
  Salon and spa services                                                    936                 1,015                              2,865       2,805  
  Fitness and tennis lesson revenue                                          51                    55                                160         243  
  Other revenue                                                             737                   658                              1,932       1,800  
  Total golf and related operations revenue                              12,828                12,774                             29,729      29,999  
  Total net operating revenues                   $                       25,746      $         24,235      $                      62,067      66,150  

Avalon does not have operations located outside the United States and, accordingly, geographical revenue information is not presented.

Receivables, Net

Receivables, net, include amounts billed and currently due from customers. The amounts due are stated at their net realizable value. At September 30, 2025 and December 31, 2024, accounts receivable, net, related to our waste management services segment were approximately $10.6million and $7.5million, respectively. At September 30, 2025, onecustomer accounted for22% of total consolidated receivables and26% of the waste management services segment’s receivables. At December 31, 2024 onecustomer accounted for12% consolidated receivables and14% of the waste management service’s segment’s receivables. Accounts receivable, net, related to our golf and related operations segment were approximately $1.9million and $1.1million at September 30, 2025 and December 31, 2024, respectively. Noone customer of the golf and related operations segment accounted for more than 10% of consolidated receivables or more than 10% of Avalon’s golf and related operations segment at September 30, 2025 or December 31, 2024.

The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. Customer accounts that are outstanding longer than the contractual payment terms are considered past due. Avalon determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, Avalon’s previous accounts receivable loss history, the customer’s current ability to pay its obligation to Avalon and the condition of the general economy and the industry as a whole