Annual report pursuant to Section 13 and 15(d)

TRADE RECEIVABLES

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TRADE RECEIVABLES
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
TRADE RECEIVABLES TRADE RECEIVABLES
Trade receivables, net, at December 31, consisted of the following:
2021 2020
(thousands of dollars)
Trade receivables $ 33,111  $ 25,601 
Less allowance for doubtful accounts (300) (300)
Trade receivables, net $ 32,811  $ 25,301 
Accounts receivable serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 13).