Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 464

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 2
Chunk 464
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 amortization of definite lived intangible assets, based on existing intangible assets and current useful lives, is estimated to be the following (in thousands):   Year ending December 31,   2025 $2,770 2026  2,457 2027  2,202 2028  1,637 2029 and thereafter  11,462 Total $20,528 

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The following table provides a summary of changes in the carrying amounts of goodwill (in thousands):    Goodwill Balance at January 1, 2023 $9,454 Additions  - Balance at December 31, 2023  9,454 Additions  - Balance at December 31, 2024 $9,454 

9. Accrued Expenses Accrued expenses consisted of the following (in thousands):                   December 31,   2024  2023 Accrued wages and benefits $2,828  $2,884 Accrued accounts payable  1,579   1,297 Accrued sales and telecommunications taxes  1,837   1,234 Product warranty liability  32   25 Cloud computing arrangements  279   - Credit cards  117   113 Other   320   398 Total accrued expenses $6,992  $5,951  The changes in aggregate product warranty liabilities for the years ended December 31, 2024 and 2023 were as follows (in thousands):   Warranty Liabilities Balance at January 1, 2023 $55 Accrual for warranties  25 Adjustments related to pre-existing warranties  (32)Warranty settlements  (23)Balance at December 31, 2023  25 Accrual for warranties  32 Adjustments related to pre-existing warranties  (4)Warranty settlements  (21)Balance at December 31, 2024 $32  Product warranty expense is included in cost of product revenue and totaled $32 and $25 for the years ended December 31, 2024 and 2023, respectively.

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10.Notes Payable Notes payable consists of a short and long-term financing arrangements (in