Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Trade Accounts Receivable and Construction Contracts Receivable

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Note 4 - Trade Accounts Receivable and Construction Contracts Receivable
9 Months Ended
Sep. 30, 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):

 

   

September 30,

   

December 31,

 
   

2023

   

2022

 

Trade accounts receivable

  $ 20,295       19,735  

Allowance for expected credit losses

    (197 )     (70 )

Total trade accounts receivables

  $ 20,098       19,665  

 

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

 

   

September 30,

   

December 31,

 
   

2023

   

2022

 

Construction contracts receivable

  $ 13,743        

Allowance for expected credit losses

           

Total construction contracts receivable

  $ 13,743        

 

Included in construction contracts receivable is $13.7 million of receivables from affiliated real estate joint ventures in which the Company is the managing member. 

 

As of September 30, 2023, the Company had approximately $164.9 million of estimated revenue expected to be recognized through 2024 related to performance obligations on construction contracts that are partially unsatisfied.