Company: TR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010878
Chunk: 17

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 17
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 $2,240 in first half 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 $48,698, $43,811, $45,565, and $55,568 as of June 30, 2025, December 31, 2024, June 30, 2024, and December 31, 2023, respectively. Accounts receivable trade are unsecured. Shipping and handling costs of $13,047 and $13,839 in second quarter 2025 and 2024, respectively; and $26,963 and $27,455 in first half 2025 and 2024, respectively, are included in selling, marketing and administrative expenses. Advertising cost of $1,201 and $817 in second quarter 2025 and 2024, respectively; and $2,123 and $1,649 in first half 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.​