Contract Receivables (Tables)

12 Months Ended

Dec. 31, 2023

Contract Receivables [Abstract]

Contract Receivables

Recoverable costs and accrued profit not billed represent costs incurred and associated profit accrued on contracts that will become billable upon future milestones or completion of contracts. The components of contract receivables are as follows:

(in thousands)	December 31,
	2023			2022
Billed receivables	$	5,720		$	6,074
Unbilled receivables		4,729			5,146
Allowance for credit loss		(283	)		(1,156	)
Total contract receivables, net	$	10,166		$	10,064

Allowance For Doubtful Account Rollforward

The following table sets forth the activity in allowance for credit losses:

(in thousands)	As of and for the
	Years ended December 31,
	2023			2022
Beginning balance	$	1,156		$	1,010
Adoption of ASC326 Current Expected Credit Losses (CECL)		57			-
Adjusted beginning balance		1,213			1,010
Current period provision for expected credit loss		178			221
Write-offs charged against the allowance, net of recoveries		(1,070	)		(7	)
Currency adjustment		(38	)		(68	)
Ending balance	$	283		$	1,156