Accounts Receivable

12 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

	March 31, 2022		March 31, 2021
Billed	$	189,208	$	28,636
Unbilled	82,324		38,837
Allowance for credit losses	(8,393)		(5,488)
Accounts receivable, net	$	263,139	$	61,985

Billed accounts receivable represent amounts billed to customers for which the Company has an unconditional right to consideration. Unbilled accounts receivable represents revenue recognized but billed after period-end. All unbilled receivables as of March 31, 2022, are expected to be billed and collected (subject to the allowance for credit losses) within twelve months.

Allowance for Credit Losses

The Company maintains reserves for current expected credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves.

The Company recorded $1,583, $1,032, and $1,739 of bad debt expense during the years ended March 31, 2022, 2021, and 2020, respectively, in general and administrative expenses on the consolidated statements of operations and comprehensive income / (loss).