AVALON HOLDINGS CORP
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
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EX-13.1 · Receivables, Net
Receivables, Net
Receivables, net, include amounts billed and currently due from customers. The amounts due are stated at their net realizable value. At December 31, 2025, 2024 and 2023, accounts receivable, net, related to our waste management services segment were approximately $8.8 million, $7.5 million and $8.4 million, respectively. At December 31, 2025 two customers accounted for 24% of consolidated and 26% of the waste management service’s segments net receivables. At December 31, 2024 one customer accounted for 12% of consolidated and 14% of the waste management service’s segment net receivables. Accounts receivable, net, related to our golf and related operations segment were approximately $1.0 million, $1.1 million and $1.1 million at December 31, 2025, 2024 and 2023, respectively. No one customer of the golf and related operations segment accounted for 10% or more of Avalon’s consolidated or golf and related operations segment net receivables at December 31, 2025 and 2024.
The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. Customer accounts that are outstanding longer than the contractual payment terms are considered past due. Avalon determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, Avalon’s previous accounts receivable loss history, the customer’s current ability to pay its obligation to Avalon and the condition of the general economy and the industry as a whole. Avalon writes off accounts receivable when they become uncollectible. Payments subsequently received on such receivables are credited to the allowance for credit losses, or to income, as appropriate under the circumstances. Allowance for credit losses was approximately $0.2 million and $0.3 million at December 31, 2025 and 2024, respectively.
The following table presents changes in our allowance for credit losses during the years ended at December 31, 2025 and 2024 (in thousands):
| Provision · Write-offs | ||||
|---|---|---|---|---|
| Balance at | for Credit | less | Balance at | |
| Beginning of Period | Losses | Recoveries | End of Period | |
| Allowance for credit losses | ||||
| Year ended December 31, 2025 | $260 | $175 | $(195) | $240 |
| Year ended December 31, 2024 | $260 | $64 | $(64) | $260 |
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