ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2025

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

NOTE 3: ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

(in thousands)
December 31,	2025		2024
Trade receivables	$	5,251	$	1,166
Other		1,625		3,021
Total		6,876		4,187
Less: allowance for credit losses		(11)		(11)
Net accounts receivable	$	6,865	$	4,176

Trade receivables consist primarily of balances related to the sales of boats which are shipped pursuant to “floor-plan financing” programs with qualified lenders. Other receivables consist primarily of certain incentives recorded in 2024 together with rebates from suppliers for both 2025 and 2024. Changes in the Company’s allowance for credit losses are disclosed in Schedule II Valuation and Qualifying Accounts. Trade receivables as of December 31, 2023 were $1.3 million.