AVALON HOLDINGS CORP
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
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Item 16. FORM 10-K SUMMARY
None
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, on the 20 th day of March, 2025.
AVALON HOLDINGS CORPORATION (Registrant)
/s/ Michael J. Havalo
Michael J. Havalo –
Chief Financial Officer and Treasurer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated, on the 20 th day of March, 2025.
| Signatures | Title |
|---|---|
| /s/ Ronald E. Klingle | Chairman of the Board, Chief Executive Officer |
| Ronald E. Klingle and Director | and Director |
| /s/ Michael J. Havalo | Chief Financial Officer, Treasurer and Secretary |
| Michael J. Havalo | and Director |
| /s/ Christine M. Bell | President, Avalon Golf and Country Club |
| Christine M. Bell | and Director |
| /s/ Kurtis D. Gramley | Director |
| Kurtis D. Gramley | |
| /s/ Stephen L. Gordon | Director |
| Stephen L. Gordon | |
| /s/ Timothy C. Coxson | Director |
| Timothy C. Coxson | |
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
(in thousands)
| Additions | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| DESCRIPTION · Balance at Beginning of Year · Charged (Credited) to Costs and Expenses · Charged to Other Accounts · Deductions / (Recoveries) · Balance at End of Year | |||||||||
| Allowance for credit losses | $260 | $64 | $ | - | $64 | (1) | $260 | ||
| Deferred tax asset valuation allowance | $2,965 | $53 | (2) | $ | - | $ | - | $3,018 | |
| Allowance for credit losses | $260 | $56 | $ | - | $56 | (1) | $260 | ||
| Deferred tax asset valuation allowance | $2,488 | $477 | (2) | $ | - | $ | - | $2,965 | |
(1)Accounts receivable written-off as uncollectible, net of recoveries.
(2)Change in valuation allowance primarily for deferred tax assets when it is more likely than not that the deferred tax assets will not be realized.
EXHIBIT INDEX
Exhibit
| 21.1 | Subsidiaries of Avalon Holdings Corporation |
| 23.1 | Consent of Independent Registered Public Accounting Firm –Grant Thornton LLP |
| 31.1 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 32.2 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
Exhibit 101.INS Inline XBRL Instance Document
Exhibit 101.SCH Inline XBRL Taxonomy Extension Schema Document
Exhibit 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document
Exhibit 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document
Exhibit 101.LAB Inline XBRL Taxonomy Extension Labels Linkbase Document
Exhibit 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document
Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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