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ACCOUNTS RECEIVABLE, NET
3 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 — ACCOUNTS RECEIVABLE

As of June 30, 2024 and March 31, 2024, Orion's accounts receivable and allowance for credit losses balances were as follows (dollars in thousands):

 

 

 

June 30,
2024

 

 

March 31,
2024

 

Accounts receivable, gross

 

$

12,582

 

 

$

14,094

 

Allowance for credit losses

 

 

(107

)

 

 

(72

)

Accounts receivable, net

 

$

12,475

 

 

$

14,022

 

 

Changes in Orion’s allowance for credit losses were as follows (dollars in thousands):

 

 

For the Three Months Ended
June 30,

 

 

 

2024

 

 

2023

 

Beginning of period

 

$

(72

)

 

$

(86

)

Credit loss expense

 

 

(40

)

 

 

(190

)

Write-off

 

 

5

 

 

 

4

 

End of period

 

$

(107

)

 

$

(272

)