Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 347

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1A
Chunk 347
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 and totaled $2,105 and $2,182 for the years ended December 31, 2024 and 2023, respectively. Amortization expense for developed technologies intangible assets is included in cost of software solutions revenue and totaled $812 and $860 for the years ended December 31, 2024 and 2023, respectively. Amortization expense for trademark and trade name intangible assets is included in general and administrative expenses and totaled $111 and $127 for the years ended December 31, 2024 and 2023, respectively.  As of December 31, 2024, annual amortization of definite lived intangible assets, based on existing intangible assets and current useful lives, is estimated to be the following (in thousands):   Year ending December 31,   2025 $2,770 2026  2,457 2027  2,202 2028  1,637 2029 and thereafter  11,462 Total $20,528 

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The following table provides a summary of changes in the carrying amounts of goodwill (in thousands):    Goodwill Balance at January 1, 2023 $9,454 Additions  - Balance at December 31, 2023  9,454 Additions  - Balance at December 31, 2024 $9,454 

9. Accrued Expenses Accrued expenses consisted of the following (in thousands):                   December 31,   2024  2023 Accrued wages and benefits $2,828  $2,884 Accrued accounts payable  1,579   1,297 Accrued sales and telecommunications taxes  1,837   1,234 Product warranty liability  32   25 Cloud computing arrangements  279   - Credit cards  117   113 Other   320   398 Total accrued expenses $6,992  $5,951  The changes in aggregate product warranty liabilities for the years ended December 31, 2024 and 2023 were as follows (in thousands):   Warranty Liabilities Balance at January 1, 2023 $55 Accrual for warranties  25 Adjustments related to pre-existing warranties