Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 36

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 36
---
 periods.

    (2)
    For the three months ended September 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $2,000 and non-recurring fees of $172,000. For the nine months ended September 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $80,000, as well as corporate re-brand costs of $132,000 and non-recurring fees of $293,000. For the three and nine months ended September 30, 2024, this adjustment gives effect to a loss recorded on the change in fair value of our interest rate swap of $343,000 and $124,000, respectively, as well as one-time accounting fees, termination benefits and other non-recurring or unusual expenses of $125,000 and $212,000, respectively. 

    (3)
    The adjustments represent stock-based compensation expense from continuing operations related to awards of stock options, restricted stock units, or common stock in exchange for services. Although we expect to continue to award stock in exchange for services, the amount of stock-based compensation is excluded as it is subject to change as a result of one-time or non-recurring projects. 

 29 

A reconciliation of net
income to adjusted net income for the three months ended September 30, 2025 and 2024 is presented in the following table (in thousands):

    Three Months Ended September 30, 

    2025  
    2024 

    Amount  
    Per diluted  share  
    Amount  
    Per diluted  share 

    Net loss from continuing operations: 
    $(45) 
    $(0.01) 
    $(870) 
    $(0.23)
  
    Adjustments: 

    Amortization of intangible assets(1) 
     622  
     0.16  
     639  
     0.17 
  
    Stock-based compensation expense(2) 
     180  
     0.05  
     247  
     0.06 
  
    Other unusual items(3) 
     216  
     0.06  
     511  
     0.13 
  
    Discrete items impacting income tax expense(4) 
     –  
     –