Company: AWX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025765
Chunk: 8

Company: AVALON HOLDINGS CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 revenue related to such agreements is recognized within the annual membership period. Unbilled membership receivables in our Condensed Consolidated Balance Sheets were approximately $1.0million at June 30, 2025 and $0.6million at December 31, 2024.

The following table presents changes in our contract assets during the three and six months ended June 30, 2025 and 2024 (in thousands):

                                           Balance at                        Membership                            Balance at                
                                           Beginning of Period               Dues                                  End of Period             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Contract Assets:                                                                                                                           
  Unbilled membership dues receivable                                                                                                        
  Three months ended June 30, 2025         $                        733      $                 769      ( 465      $                  1,037  
  Three months ended June 30, 2024         $                        790      $                 858      ( 538      $                  1,110  
  Six months ended June 30, 2025           $                        582      $               1,383      ( 928      $                  1,037  
  Six months ended June 30, 2024           $                        567      $               1,528      ( 985      $                  1,110  

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 $5.7million at June 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 $1.6million at both June 30, 2025 and at December 31, 2024.

The following table presents