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

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Trade Accounts Receivable and Construction Contracts Receivable

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.