Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 0

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
ACCESS NEWSWIRE INC. AND SUBSIDIARIES 

CONSOLIDATED BALANCE SHEETS 

(in thousands, except share and per share amounts)

  June 30,  December 31,   2025  2024 ASSETS (unaudited)    Current assets:      Cash and cash equivalents $4,111  $4,103 Accounts receivable (net of allowance for doubtful accounts of $1,600 and $1,059, respectively)  3,731   3,351 Other current assets  1,716   1,234 Current assets held for sale  116   1,338 Total current assets  9,674   10,026 Capitalized software (net of accumulated amortization of $3,789 and $3,644, respectively)  811   934 Fixed assets (net of accumulated depreciation of $813 and $914, respectively)  302   365 Right-of-use asset – leases  639   766 Other long-term assets  88   158 Goodwill  19,043   19,043 Intangible assets (net of accumulated amortization of $8,284 and $7,024, respectively)  10,716   11,976 Deferred tax asset  4,280   3,793 Non-current assets held for sale  —   3,577 Total assets $45,553  $50,638          LIABILITIES AND STOCKHOLDERS’ EQUITY        Current liabilities:        Accounts payable $1,478  $1,423 Accrued expenses  2,394   1,699 Income taxes payable  2,684   56 Current portion of long-term debt  870   4,000 Deferred revenue  4,741   4,743 Current liabilities held for sale  —   893 Total current liabilities  12,167   12,814 Long-term debt (net of debt discount of $61 and $70, respectively)  2,112   11,930 Lease liabilities – long-term  495   668 Deferred Tax Liability  73   — Other long-term liabilities  18   — Total liabilities  14,865   25