Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 43

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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Crexendo, Inc. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited, in thousands, except par value and share data)

  June 30, 2025  December 31, 2024 Assets      Current assets:      Cash and cash equivalents $23,450  $18,193 Trade receivables, net of allowance of $146 and $146, respectively  5,620   4,352 Inventories  618   393 Equipment financing receivables, net of allowance of $34 and $69, respectively  1,185   1,049 Contract costs  2,135   1,931 Prepaid expenses  1,297   876 Income tax receivable  227   75 Other current assets  96   13 Total current assets  34,628   26,882          Contract assets, net of allowance of $155 and $127, respectively  433   406 Long-term equipment financing receivables, net of allowance of $76 and $157, respectively  2,657   2,397 Property and equipment, net  292   394 Operating lease right-of-use assets  1,227   1,491 Intangible assets, net  19,431   20,528 Goodwill  9,454   9,454 Contract costs, net of current portion  2,906   2,879 Other long-term assets  335   507 Total Assets $71,363  $64,938          Liabilities and Stockholders' Equity        Current liabilities:        Accounts payable $519  $1,003 Accrued expenses  7,468   6,992 Finance leases  3   21 Notes payable  356   478 Operating lease liabilities  475   481 Income tax payable  44   40 Contract liabilities  3,235   3,079 Total current liabilities  12,100   12,094          Contract liabilities, net of current portion  181   293 Finance leases, net of current portion  1   2 Notes payable, net of current portion  -   114 Operating lease