Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 31

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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, including any qualitative adjustments, are reasonable and have considered all reasonably available information about past events, current conditions, and reasonable and supportable forecasts of future events and economic conditions. The identification of account-specific exposure is not a significant factor in establishing the allowance for credit losses for equipment finance receivables. We continue to monitor developments in future economic conditions and trends, and as a result, our reserve may need to be updated in future periods. The table below shows gross equipment financing receivables and current period gross write offs by year of origination (in thousands):    September 30, 2025  December 31, 2024   2025  2024  2023  2022  2021  Prior  Total Equipment Financing Receivables  Total Equipment Financing Receivables United States $1,814   1,555   862   319   48   6  $4,604  $3,672 Current period gross write offs $4   15   5   1   1   1  $27  $36 

6. Prepaid Expenses                 Prepaid expenses consisted of the following (in thousands):   September 30,  December 31,   2025  2024 Prepaid corporate insurance $156  $88 Prepaid software services and support  501   455 Prepaid employee insurance premiums  203   - Prepaid Nasdaq listing fee  17   - User group meeting fees  454   86 Prepaid rent  15   103 Other prepaid expenses  126   144 Total prepaid expenses $1,472  $876 

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7. Property and Equipment                 Property and equipment consisted of the following (in thousands):   September 30,  December 31,   2025  2024 Computer and office equipment  2,160   2,142 Computer software  589   589 Internal-use software  14   14 Vehicles  143   143 Leasehold improvements  34   34 Less: accumulated depreciation  (2,702)  (2,528)Total property and equipment, net $238  $394