ACCOUNTS AND OTHER RECEIVABLES, NET

3 Months Ended

Mar. 31, 2018

ACCOUNTS AND OTHER RECEIVABLES, NET [Abstract]

ACCOUNTS AND OTHER RECEIVABLES, NET

NOTE F – ACCOUNTS AND OTHER RECEIVABLES, NET

The following table presents information regarding the Company’s accounts and other receivables as of March 31, 2018 and December 31, 2017:

	(in thousands)
	March 31, 2018			December 31, 2017
	(unaudited)
Trade receivables	$	13,142		$	18,056
Unbilled receivables		511			-
Due from employees		21			41
Allowance for doubtful accounts and
commission adjustments		(4,546	)		(4,872	)
Accounts and other receivables, net	$	9,128		$	13,225

Contract receivables under Topic 606 consist of trade receivables and unbilled receivables.  Trade receivables include amounts due for shipped products and services rendered.  Unbilled receivables represents variable consideration recognized in accordance with Topic 606 but not yet billable.  Amounts recorded – billed and unbilled - under the GEHC Agreement are subject to adjustment in subsequent periods should the underlying sales order amount, upon which the receivable is based, change.

Allowance for doubtful accounts and commission adjustments include estimated losses resulting from the inability of our customers to make required payments, and adjustments arising from subsequent changes in sales order amounts that may reduce the amount the Company will ultimately receive under the GEHC Agreement.  Due from employees is primarily commission advances made to sales personnel.