Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 740

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 740
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 Current liabilities:        Accounts payable $1,423  $1,180 Accrued expenses  1,699   1,838 Income taxes payable  56   11 Current portion of long-term debt   4,000   4,000 Deferred revenue  4,743   4,750 Current liabilities held for sale  893   871 Total current liabilities  12,814   12,650 Long-term debt (net of debt discount of $70 and $87, respectively) (see Note 6)  11,930   15,913 Deferred income tax liability  —   139 Lease liabilities – long-term (See Note 10)  668   1,009 Other long-term liabilities  —   21 Total liabilities  25,412   29,732          Stockholders' equity:        Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and 2023, respectively.  —   — Common stock $0.001 par value, 20,000,000 shares authorized, 3,838,743 and 3,815,212 shares issued and outstanding as of December 31, 2024 and 2023, respectively.  4   4 Additional paid-in capital  24,259   23,531 Other accumulated comprehensive loss  (178 )  (49 )Retained earnings  1,141   11,934 Total stockholders' equity  25,226   35,420 Total liabilities and stockholders’ equity $50,638  $65,152 

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

 F-6Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except per share amounts)

  Years Ended December 31,   2024  2023 Revenues $23,057  $24,522 Cost of revenues  5,617   5,607 Gross margin  17,440   18,915 Operating costs and expenses:        General and administrative  7,000