Company: TR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108351
Chunk: 19

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 $5,965 in nine months 2025 and 2024, respectively. A net product sale is recorded when the Company delivers the product to the customer or, in certain instances, when the customer picks up the goods at the Company’s distribution center and thereby obtains control of such product. Amounts billed and due from our customers are classified as accounts receivable trade on the balance sheet and require payment on a short-term basis. Accounts receivable trade, less allowances, was $72,975, $43,811, $72,519, and $55,568 as of September 30, 2025, December 31, 2024, September 30, 2024, and December 31, 2023, respectively. Accounts receivable trade are unsecured. Shipping and handling costs of $15,434 and $15,442 in third quarter 2025 and 2024, respectively; and $42,397 and $42,897 in nine months 2025 and 2024, respectively, are included in selling, marketing and administrative expenses. Advertising cost of $1,931 and $1,281 in third quarter 2025 and 2024, respectively; and $4,054 and $2,930 in nine months 2025 and 2024, respectively, are included in selling, marketing and administrative expenses. Royalty income from sales-based licensing arrangements, pursuant to which revenue is recognized as the third-party licensee sales occur, and rental income are presented separately from net product revenue as rental and royalty revenue.​