Redwire Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Accounts Receivable, net

Accounts Receivable, net

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Accounts Receivable, net

Accounts Receivable, net

Note E — Accounts Receivable, net

The accounts receivable balance is composed as follows:


	Successor
	June 30,		December 31,
	2021		2020
Accounts Receivable, net
Billed receivables	$	10,735	$	5,352
Unbilled receivables		1,743		705
Total	$	12,478	$	6,057

Accounts receivable are recorded for amounts to which the Company is entitled and has invoiced to the customer. Allowance for doubtful accounts was not material in any period and therefore not presented in the financial statements. The Company identified a portion of accounts receivable that was unbilled to the customer at June 30, 2021 and at December 31, 2020 but was subsequently invoiced in July 2021 and January 2021, respectively.

Note E – Accounts Receivable, net

The accounts receivable balance is composed as follows:


	Successor		Predecessor
	December 31,		December 31,
	2020		2019
Accounts Receivable, net:
Billed receivables	$	5,352	$	6
Unbilled receivables		705		—
Total	$	6,057	$	6

Accounts receivable are recorded for amounts to which the Company is entitled and has invoiced to the customer. Allowance for doubtful accounts was not material in any period and therefore not presented on the face of the financial statements. The Company identified a portion of accounts receivable that were unbilled to the customer at December 31, 2020 (Successor) but was subsequently invoiced in January 2021.