Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 597

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 597
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 of three months or less. The Company may hold balances in excess of federally insured limits but monitors the creditworthiness of its financial institutions.

#### Accounts Receivable
Accounts receivable represent customer obligations due under normal trade terms and are recorded at the invoiced amount, net of an allowance for expected credit losses. Accounts receivable acquired in a business combination are recorded at fair value at the acquisition date.

The Company sells ready-mix concrete and concrete products to various customers. The Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral. The allowance for expected credit losses is estimated based on the length of time receivables are past due, prior loss history, current and expected economic conditions, trends in the construction industry, and the customer’s ability to pay. The Company also considers individual credit risk profiles and writes off specific receivables once they are deemed uncollectible. Payments subsequently received on accounts previously written off are credited back to the allowance. Additions to the allowance are recorded as bad debt expense.

As of June 30, 2025 and December 31, 2024, the allowance for expected credit losses was approximately $61,400.

The Company believes it is not exposed to significant overall credit risk, one customer accounted for more than 10% of accounts receivable as of both June 30, 2025, and December 31, 2024. The Company monitors credit risk through credit evaluations and review of customer payment history, financial strength, and industry position.

#### Inventory
Inventories consist primarily of raw materials such as cement, sand, gravel, and other components used in the production of ready-mix concrete, as well as supplies for maintaining the Company’s plant facilities and equipment. Inventory is valued at the lower of cost or net realizable value, with cost determined using either the first-in, first-out or average cost method. Inventory is evaluated for obsolescence or damage, and any items identified as unusable are written off as an expense in the period identified.

#### Property, Plant and Equipment, net
Property, plant and equipment are initially recorded at cost or, if acquired in connection with a business combination, at fair value, and depreciated on a straight-line basis over their estimated useful lives. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Repair and maintenance costs that do not substantially expand productive capacity or extend the life of property, plant and equipment are expensed as incurred. Leasehold