BBX Capital Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Trade Receivables and Construction Contract Receivables

Note 4 - Trade Receivables and Construction Contract Receivables

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Accounts and Nontrade Receivable [Text Block]

4. Trade Accounts Receivable and Construction Contracts Receivable

The Company’s trade receivables consisted of the following (in thousands):

	*March 31,*			*December 31,*
	*2023*			*2022*
Trade accounts receivable	$	21,495			19,735
Allowance for expected credit losses		(119	)		(70	)
Total trade accounts receivables	$	21,376			19,665

The Company’s construction contract receivables consisted of the following (in thousands):

	*March 31,*		*December 31,*
	*2023*		*2022*
Construction contracts receivable	$	11,137		—
Allowance for expected credit losses		—		—
Total construction contracts receivable	$	11,137		—

Included in construction contracts receivable is $11.1 million of receivables to real estate joint ventures in which the Company is the managing member.

As of March 31, 2023, the Company has approximately $191.7 million of estimated revenue expected to be recognized through 2024 related to performance obligations that are partially unsatisfied.