Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 7

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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CASH FLOWS FROM INVESTING ACTIVITIES        Purchase of property and equipment  (18)  - Net cash provided by/(used for) investing activities  (18)  - CASH FLOWS FROM FINANCING ACTIVITIES        Repayments made on finance leases  (20)  (56)Repayments made on notes payable  (356)  (340)Proceeds from exercise of options  4,137   1,573 Taxes paid on the net settlement of stock options and RSUs  (340)  (166)Net cash provided by/(used for) financing activities  3,421   1,011 Effect of exchange rate changes on cash  27   (14)NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS  10,380   5,104 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD  18,193   10,347 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD $28,573  $15,451 Cash used during the year for:        Income taxes, net $(315) $(205)Interest expense $(16) $(25)Supplemental disclosure of non-cash investing and financing information:        Capitalized software development costs $411  $- 

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

 7Table of Contents

CREXENDO, INC. AND SUBSIDIARIES 

Notes to Condensed Consolidated Financial Statements (unaudited, in thousands, except per share and share data)

1. Significant Accounting Policies Description of Business – Crexendo, Inc. is incorporated in the state of Nevada. As used hereafter in the notes to condensed consolidated financial statements, we refer to Crexendo, Inc. and its wholly owned subsidiaries, as “we,” “us,” or “our Company.” Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over seven million end users globally, through an extensive network of over