Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 88

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1
Chunk 88
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2024  27,621,557  $28  $138,015  $160  $(86,790) $51,413 

The accompanying notes are an integral part of the consolidated financial statements. 

 52Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands)  

  Year Ended December 31,   2024  2023 CASH FLOWS FROM OPERATING ACTIVITIES      Net income/(loss) $1,677  $(362)Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        Depreciation and amortization  3,331   3,573 Share-based compensation  3,002   3,849 Non-cash operating lease amortization  (18)  (4)Gain on disposal of property and equipment  -   (1,459)Allowance for credit losses  127   82 Changes in assets and liabilities:        Trade receivables  (906)  (164)Contract assets  (106)  (109)Equipment financing receivables  (877)  (905)Inventories  (11)  297 Contract costs  (1,192)  (1,473)Prepaid expenses  (368)  (77)Income tax receivable  (75)  - Other assets  (346)  651 Accounts payable and accrued expenses  1,275   623 Income tax payable  (13)  (26)Contract liabilities  784   (997)Net cash provided by/(used in) operating activities  6,284   3,499          CASH FLOWS FROM INVESTING ACTIVITIES        Purchase of property and equipment  (27)  (92)Proceeds from the sale of property and equipment  -   3,792 Net cash provided by/(used in) investing activities  (27)  3,700          CASH FLOWS FROM FINANCING ACTIVITIES        Borrowings/(repayments) on line of credit, net  -   (82)