Accounts Receivable, Net

12 Months Ended

Dec. 31, 2021

Credit Loss [Abstract]

Accounts Receivable, Net

Accounts Receivable, Net

The following table summarizes accounts receivable as of:

	December 31, 2021		December 31, 2020
Contracts in transit	$	7,836	$	3,321
Trade	386		240
Finance commission	284		132
Other	—		506
Total	8,506		4,199
Allowance for doubtful accounts	(300)		(67)
Total Accounts Receivable, net	$	8,206	$	4,132

Contracts in transit are typically collected within fifteen days. Other amounts due are from third parties as a result of vehicle sales and parts sold or services provided. Receivables also include commissions on aftermarket products. Receivables from the sale of vehicles are secured by the related vehicles. Receivables arising from the sale of parts and service are uncollateralized customer obligations due under normal trade terms requiring payment within 30 days from the invoice date.

The carrying amount of receivables is reduced by an allowance for doubtful accounts that reflects management’s best estimate of the amounts that will not be collected. Management reviews each receivable balance monthly, and, based on historical bad debt experience and management’s evaluation of customer creditworthiness, estimates that portion, if any, of the balance that will not be collected. No interest is charged on delinquent receivables.