Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 27

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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   2   -   -   -  $8  $36 

6. Prepaid Expenses Prepaid expenses consisted of the following (in thousands):   March 31,  December 31,   2025  2024 Prepaid corporate insurance $32  $88 Prepaid software services and support  485   455 Prepaid employee insurance premiums  202   - Prepaid Nasdaq listing fee  53   - User group meeting fees  103   86 Prepaid rent  28   103 Other prepaid expenses  90   144 Total prepaid expenses $993  $876 

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7. Property and Equipment Property and equipment consisted of the following (in thousands):   March 31,  December 31,   2025  2024 Computer and office equipment  2,142   2,142 Computer software  589   589 Internal-use software  14   14 Vehicles  143   143 Leasehold improvements  34   34 Less: accumulated depreciation  (2,593)  (2,528)Total property and equipment, net $329  $394   Depreciation expense is included in general and administrative expenses and totaled $65 and $80 for the three months ended March 31, 2025 and 2024, respectively.

8. Intangible Assets and Goodwill Acquired intangible assets subject to amortization consist of the following (in thousands):   March 31, 2025  December 31, 2024   Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount  Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount Customer relationships $26,073  $(7,904) $18,169  $26,073  $(7,403) $18,670 Developed technologies  4,900   (3,263)  1,637   4,900   (3,081)  1,819 Trademark and trade names  400   (384)  16   400   (361)  39 Total acquired