Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable, net

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Accounts Receivable, net
9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Accounts Receivable, net Accounts Receivable, net
The accounts receivable, net balance was as follows:
Successor
September 30,
2021
December 31,
2020
Accounts receivable, net
Billed receivables
$ 8,175  $ 5,352 
Unbilled receivables
2,221  705 
Total accounts receivable, net
$ 10,396  $ 6,057 
Accounts receivable are recorded for amounts to which the Company is entitled and has invoiced to the customer. Unbilled receivables consist of unbilled amounts as of September 30, 2021 under time and materials (“T&M”) contracts where billing and payment is subject solely to the passage of time. There was no allowance for doubtful accounts as of September 30, 2021 and December 31, 2020.