Company: AWX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033887
Chunk: 7

Company: AVALON HOLDINGS CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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                        1,110      $                 219        ( 484      $                  845  
  Nine months ended September 30, 2025       $                          582      $               1,610      ( 1,378      $                  814  
  Nine months ended September 30, 2024       $                          567      $               1,747      ( 1,469      $                  845  

Contract Liabilities

Contract liabilities include unrecognized or deferred revenues relating to membership dues and customer advance deposits. We record deferred revenue when cash payments are received in advance of satisfying our performance obligation. We classify deferred membership dues revenue as current based on the timing of when we expect to recognize revenue for the membership commitment based on the Company satisfying the stand ready performance obligation throughout the annual membership period. The unrecognized or deferred revenues related to membership dues in our Condensed Consolidated Balance Sheets were approximately $4.6million at September 30, 2025 and $3.5million at December 31, 2024, respectively.

Customer advance deposits are recorded as a liability until the goods or services are provided to the customer. Generally, customer advances, and corresponding performance obligation are satisfied within 12 months of the date of receipt of advance payment. The unrecognized revenues related to customer advance deposits are recorded in “ Other liabilities and accrued expenses” in our Condensed Consolidated Balance Sheets. Customer advance deposits were approximately $1.5million at September 30, 2025 and $1.6million at December 31, 2024.

The following table presents changes in our contract liabilities during the three and nine months ended September 30, 2025 and 2024 (in thousands):

                                                      Balance at                 Revenue                         Balance at  
                                             Beginning of Period                 Recognized                   End of Period  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Contract Liabilities:                                                                                                      
  Deferred membership dues revenue                                                                                           
  Three months ended September 30, 2025                   $5,734        623      $               ( 1,770             $4,587  
  Three months ended September 30, 2024                   $5,863        609      $               ( 1,801             $4,671  
  Nine months ended September 30, 2025                    $3,524      6,494      $               ( 5,431             $4,587  
  Nine months ended September 30