Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS RECEIVABLE

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ACCOUNTS RECEIVABLE
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
The following table sets forth the details of the Company’s accounts receivable, net balances included on the condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023:
June 30, 2024 December 31, 2023
(in thousands) (As Restated)
Accounts receivable $ 45,562  $ 52,843 
Less: allowance for credit losses (414) (430)
Accounts receivable, net $ 45,148  $ 52,413 

As of January 1, 2023, the Company’s accounts receivable balance was $44.5 million. The bad debt expense was $0.2 million for the three months ended June 30, 2024 and immaterial for the three months ended June 30, 2023. The bad debt expense was $0.4 million and $0.2 million, for the six months ended June 30, 2024 and 2023, respectively. The write-offs and recoveries were immaterial for the three and six months ended June 30, 2024 and 2023.