Company: AWX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025765
Chunk: 7

Company: AVALON HOLDINGS CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 $2.4million and $1.1million at June 30, 2025 and December 31, 2024, respectively. Noone customer of the golf and related operations segment accounted for 10% or more of Avalon’s golf and related operations segment or consolidated net receivables at June 30, 2025 or December 31, 2024.

The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. Customer accounts that are outstanding longer than the contractual payment terms are considered past due. Avalon determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, Avalon’s previous accounts receivable loss history, the customer’s current ability to pay its obligation to Avalon and the condition of the general economy and the industry as a whole. Avalon writes off accounts receivable when they become uncollectible. Payments subsequently received on such receivables are credited to the allowance for credit losses, or to income, as appropriate under the circumstances. Allowance for credit losses was approximately $0.3million at both June 30, 2025 and December 31, 2024.

The following table presents changes in our allowance for credit losses during the three and six months ended June 30, 2025 and 2024 (in thousands):

                                                                          Provision       Write-offs                                        
                                        Balance at                        for Credit      less                      Balance at              
                                        Beginning of Period               Losses          Recoveries                End of Period           
  Allowance for credit losses                                                                                                               
  Three months ended June 30, 2025      $                        249      $               $               ( 27      $                  260  
  Three months ended June 30, 2024      $                        257      $               $               ( 11      $                  254  
  Six months ended June 30, 2025        $                        260      $               $               ( 45      $                  260  
  Six months ended June 30, 2024        $                        260      $               $               ( 21      $                  254  

Contract Assets

Contract assets include unbilled membership dues receivables related to the Avalon Golf and Country Club for the customers membership commitment which are billed on a monthly basis over the course of the annual agreement. Such amounts are stated at their net realizable value. Contract assets related to unbilled membership dues are classified as current as