Unbilled Accounts Receivable and Significant Concentrations

12 Months Ended

Dec. 31, 2023

Accounts Receivable and Significant Concentrations

Unbilled Accounts Receivable and Significant Concentrations

5. Unbilled Accounts Receivable and Significant Concentrations

Unbilled accounts receivable represent revenues earned in connection with products and/or services delivered for which we are unable to issue a formal billing to the customer at the balance sheet due to either timing of invoice processing or delays due to fixed contractual billing schedules. A significant portion of our unbilled accounts receivable consist of carrier services not invoiced at the end of the reporting period. An allowance for credit losses were insignificant for unbilled accounts receivable as of December 31, 2023 and 2022.

The following table presents customers that represent ten (10) percent or more of consolidated unbilled accounts receivable as of the periods presented below:

	DECEMBER 31,			DECEMBER 31,
	2023			2022
	As a % of			As a % of
Customer Type	Receivables			Receivables
U.S. Federal Government		97	%		97	%

As of December 31, 2021, the Company had unbilled accounts receivable of $10.9 million.