Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 108

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1
Chunk 108
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, 2024 $100 Provision  11 Write-offs  - Recoveries and other  - Balance at September 30, 2024 $111 Provision  18 Write-offs  (2)Recoveries and other  - Balance at December 31, 2024 $127  The allowance for credit losses is determined based on an assessment of historical collection experience using the loss-rate method as well as consideration of current and future economic conditions and changes in our loss-rate trends. We utilize a five-year lookback period to establish our estimate of expected credit losses, as our contractual terms range from three to five years. Based on that assessment, the allowance for credit losses as a percent of gross contract assets increased to 23.8% at December 31, 2024 from 20.0% at December 31, 2023.

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Transaction price allocated to the remaining performance obligations                          The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period (in thousands):    2025  2026  2027  2028  2029 and thereafter  Total Desktop devices $703              $703 Telecommunications services $22,106   14,760   9,907   6,250   1,643  $54,666 Software solutions $15,762   7,114   4,654   1,527   1,205  $30,262 Total $38,571   21,874   14,561   7,777   2,848  $85,631 All consideration from contracts with customers is included in the amounts presented above                        

3. Earnings Per Common Share Basic net income/(loss) per common share is computed by dividing the net income/(loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. Diluted net loss per common share for the year ended December 31, 2023 is the same as basic net loss per common share because the common share equivalents were anti-dilutive due