Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 26

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 26
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  3,234   5,688 Income tax expense  746   1,481 Net income from discontinued operations $2,488  $4,207 

Note 4: Fixed Assets in $000’s December 31,   2024  2023 Computer equipment $243  $224 Furniture & equipment  331   331 Leasehold improvements  705   705 Total fixed assets, gross  1,279   1,260 Less: Accumulated depreciation  (914 )  (765 )Total fixed assets, net $365  $495  Included in leasehold improvements is $488,000 of tenant improvement allowance associated with a lease signed in March 2019 related to the Company’s corporate headquarters. Depreciation expense on fixed assets for the years ended December 31, 2024 and 2023 totaled $149,000 and $155,000, respectively. No disposals were made during the years ended December 31, 2024 and 2023. 

Note 5: Goodwill and Other Intangible Assets The components of intangible assets are as follows (in 000’s):   December 31, 2024   Gross CarryingAmount  AccumulatedAmortization  Net CarryingAmount Customer relationships  1,998   (1,426 )  572 Proprietary software  3,198   (1,458 )  1,740 Distribution partner relationships  153   (99 )  54 Non-compete agreement  69   (69 )  — Trademarks – definite-lived  13,350   (3,972 )  9,378 Trademarks – indefinite-lived  232   —   232 Total intangible assets $19,000  $(7,024 ) $11,976 

 F-18Table of Contents

  December 31, 2023   Gross CarryingAmount  AccumulatedAmortization  Net CarryingAmount Customer relationships  1,998   (1,158 )  840 Proprietary software  3,198   (1,015 )  2,183 Distribution partner relationships  153   (84 )