Receivables, Net

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Receivables, Net

NOTE 4 – RECEIVABLES, NET

Receivables consist of the following:

	Successor			Predecessor
	As of			As of
	December 31, 2018			December 31, 2017
Contracts in transit and vehicle receivables	$	12,291		$	15,528
Manufacturer receivables		3,823			3,555
Finance and other receivables		1,540			1,841
		17,654			20,924
Less: Allowance for doubtful accounts		(687	)		(1,013	)
	$	16,967		$	19,911

Contracts in transit represent receivables from financial institutions for the portion of the vehicle and other products sales price financed by the Company’s customers through financing sources arranged by the Company. Manufacturer receivables are due from the manufacturers for incentives, rebates, and other programs. These incentives and rebates are treated as a reduction of cost of revenues.