Company: TR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001558370-25-007150
Chunk: 16

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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-term basis. Accounts receivable trade, less allowances, was $39,914, $43,811, $44,257, and $55,568 as of March 31, 2025, December 31, 2024, March 31, 2024, and December 31, 2023, respectively. Accounts receivable trade are unsecured. Shipping and handling costs of $13,916 and $13,616 in first quarter 2025 and 2024, respectively, are included in selling, marketing and administrative expenses. Advertising cost of $922 and $832 in first quarter 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 not considered revenue from contracts from customers and are presented separately from net product revenue as rental and royalty revenue.​