ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2026

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

10.    ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	March 31,		December 31,
(in thousands)	2026		2025
Trade receivables	$	4,214	$	5,251
Other		998		1,625
Total		5,212		6,876
Less: allowance for credit losses		(11)		(11)
Net accounts receivable	$	5,201	$	6,865

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 and rebates from suppliers. Trade receivables as of December 31, 2024 were $1.2 million.