Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 1102

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 1102
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paid expenses consisted of the following (in thousands):     December 31,   2024  2023 Prepaid corporate insurance $88  $68 Prepaid software services and support  455   245 User group meeting fees  86   84 Prepaid rent  103   - Other prepaid expenses  144   111 Total prepaid expenses $876  $508 

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7. Property and Equipment Property and equipment consisted of the following (in thousands):    December 31,   2024  2023 Computer and office equipment $2,142  $2,700 Computer software  589   625 Internal-use software  14   14 Furniture and fixtures  -   64 Vehicles  143   143 Leasehold improvements  34   15 Less: accumulated depreciation  (2,528)  (2,891)Total property and equipment, net $394  $670  Depreciation expense is included in general and administrative expenses and totaled $303 and $404 for the years ended December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, we disposed of computer and office equipment, computer software, and furniture and fixtures totaling $666 with accumulated depreciation of $666.

8. Intangible Assets and Goodwill Acquired intangible assets subject to amortization consist of the following (in thousands):   December 31, 2024  December 31, 2023   Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount  Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount Customer relationships $26,073  $(7,403) $18,670  $26,073  $(5,260) $20,813 Developed technologies  4,900   (3,081)  1,819   4,900   (2,269)  2,631 Trademark and trade names  400   (361)  39   400   (288)  112 Total acquired intangible assets $31,373  $(10,845